Definition: A former federal regulator of savings associations. Its supervisory functions were transferred to successor agencies in 2011 under the Dodd-Frank Act; federal thrift supervision moved to the OCC.
Example
An older textbook names OTS as a thrift regulator, while current research must identify the institution's present regulator.
Keep the distinction clear
Treat OTS as a historical term, not an active agency to contact today. A historical agency name does not establish current supervisory authority.
Related terms
Federal Deposit Insurance Corporation (FDIC) · Primary Lender · Secondary Mortgage Market
Keep studying
Primary and Secondary Mortgage Markets: Fannie Mae, Freddie Mac, and Ginnie Mae
References: OCC: transfer of thrift supervision in 2011
Pronunciation (US): AW-fis uhv THRIFT soo-per-VIZH-un; O-T-S (capitals show stress)
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