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OTS
Short for Office of Thrift Supervision.
    
A bureau of the U.S. Treasury Department established in August 1989. OTS has the authority to Charter federal Thrift Institutions and serves as the primary regulator of approximately 2,000 federal and state chartered thrifts
    
The Office of Thrift Supervision (OTS), an agency of the United States Department of the Treasury, is the primary regulator of federal savings associations (sometimes referred to as federal thrifts). Federal savings associations include both federal savings banks and federal savings and loans. The OTS is also responsible for supervising savings and loan holding companies (SLHCs) and some state-chartered institutions.
    
The OTS was established by Congress as a bureau of the Department of the Treasury on August 9, 1989 as part of the Financial Institutions Reform, Recovery and Enforcement Act of 1989.
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