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Office of Thrift Supervision - OTS
What does it mean?
The bureau of the U.S. Treasury Department that is responsible for issuing and enforcing regulations governing the nation's savings and loan industry.
In Other Words...
This bureau is responsible for ensuring the safety and soundness of deposits in thrift banks. It does this by auditing and inspecting the banks to see if government regulations and policies are being adhered to.
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Related Terms
Loan | Savings | Thrift Bank | U.S. Treasury
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