United States Office of Thrift Supervision - Color Changing Coffee Mug

The United States Office of Thrift Supervision (OTS) is a former federal agency responsible for the supervision and regulation of federal and state-chartered savings associations, often known as thrift institutions or thrifts. Established in 1989 as part of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), the OTS aimed to maintain stability within the thrift industry following significant financial crises. The agency ensured regulatory compliance, provided oversight for mortgage-backed securities, and handled the resolution of failing institutions. In 2011, the OTS was merged with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), forming the Office of the Comptroller of the Currency (OCC). Today, the functions previously handled by the OTS are performed by various successor agencies.