Office of Thrift Supervision
Agency overview
3Formed	9 August 1989
Preceding Agency	Federal Home Loan Bank Board
Dissolved	21 July 2011
Superseding agency	Office of the Comptroller of the Currency (OCC) Federal Deposit Insurance Corporation (FDIC) Federal Reserve Board of Governors Consumer Financial Protection Bureau (CFPB)
Headquarters	Washington, D.C.
Employees	1024 (2007)
Annual budget	US$250 million (2008)
Agency executive	John E. Bowman, Acting Director
Parent Agency	Department of the Treasury
Website
http://www.ots.treas.gov/

The Office of Thrift Supervision (OTS) was a United States federal agency under the Department of the Treasury that chartered, supervised, and regulated all federally chartered and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of another federal agency (that was faulted for its role in the savings and loan crisis). Like other U.S. federal bank regulators, it was paid by the banks it regulates. The OTS was initially seen as an aggressive regulator, but was later lax. Declining revenues and staff led the OTS to market itself to companies as a lax regulator in order to get revenue.

The OTS also expanded its oversight to companies that were not banks. Some of the companies that failed under OTS supervision during the financial crisis of 2007–2010 include American International Group (AIG), Washington Mutual, and IndyMac.

The OTS was implicated in a backdating scandal regarding the balance sheet of IndyMac. Reform proposals from Henry Paulson, President Barack Obama, and the U.S. Congress proposed to merge the OTS with the Office of the Comptroller of the Currency. Section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated merger of OTS with the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Consumer Financial Protection Bureau (CFPB) as of 21 July 2011. The OTS ceased to exist on 19 October 2011.