Office of Thrift Supervision

Program Summary by Budget Activity

(Dollars in thousands)

Budget Activity FY 2010 FY 2011 FY 2012 FY 2010 to FY 2012

Actual Estimated Estimated $ Change % Change

 Supervision of the Thrift Industry $232,047 $253,605 $0 ($232,047) (100.0%)

Total Cost of Operations $232,047 $253,605 $0 ($232,047) (100.0%)

Reimbursable FTE 1,016 1,021 - (1,016) (100.0%)

Summary

The Office of Thrift Supervision (OTS) was 

established by Congress as a bureau of the 

Department of the Treasury pursuant to the 

Financial Institutions Reform, Recovery, and 

Enforcement Act of 1989, Public Law 101-73. 

OTS charters, examines, supervises, and 

regulates federal savings associations insured 

by the Federal Deposit Insurance Corporation 

(FDIC). OTS also examines, supervises, and 

regulates state-chartered, FDIC-insured 

savings associations and provides for the 

registration, examination, and supervision of 

savings association affiliates and holding 

companies. OTS sets capital standards for 

Federal and State savings associations and 

reviews applications of state-chartered savings 

associations for conversion to federal thrifts. 

The OTS also supervises 436 holding 

company enterprises with approximately $4.2 

trillion in U.S. domiciled consolidated assets. 

These enterprises owned 398 thrifts with total 

assets of $717 billion or 77 percent of total 

thrift industry assets.

In July 2010, Congress passed, and the 

President signed the Dodd-Frank Wall Street 

Reform and Consumer Protection Act, Public 

Law 111–203 (Dodd-Frank Act), abolishing 

OTS and transferring its functions to the 

Office of the Comptroller of the Currency 

(OCC), The Federal Reserve Board, the 

Federal Deposit Insurance Corporation 

(FDIC), and The Consumer Financial Protection Bureau according to the Dodd-Frank Act 

timetable, starting as early as one year after its

enactment. 

As of September 30, 2010, the OTS regulated 

741 thrifts with total assets of $928 billion. 

OTS receives no appropriated funds from 

Congress. Income of the bureau is derived 

principally from assessments on savings 

associations and their holding companies, 

examination fees, and interest on investments 

in U.S. Government obligations. 

OTS FY 2012 Budget Highlights

(Do

Budget Estimate Amount

FY 2010 Actual $232,047

FY 2011 Estimated $253,605

Total FY 2012 Base $253,605

Program Changes:

Program Decreases: ($253,605)

Transfer of Resources ($253,605)

Subtotal FY 2012 Program Changes ($253,605)

Total FY 2012 Estimated $0

llars in thousands)

(1) The Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203 (Dodd-Frank Act), abolishes and 

transfers the functions of the Office of Thrift Supervision in Fiscal Year 2011. 
Explanation of Budget Activities

Supervision of the Thrift Industry (No funding)

OTS examines savings associations every 12-

18 months for safety and soundness and 

compliance with consumer protection laws and 

regulations. During these exams, the 

association’s ability to identify, measure, 

monitor and control risk is evaluated, 

including the risk posed by other entities 

within the corporate structure. When 

weaknesses are identified, increased 

supervisory action, including additional field 

visits, accelerating the normal 12-18 month 

exam cycle, and/or enforcement action is 

taken.

Capital Investments Summary

OTS has no major IT investments planned for 

FY 2011.

OTS Performance by Budget Activity

Budget Activity Performance Measure FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Actual Actual Actual Target Target

Prevented or mitigated 

financial and economic crises

Percent of Safety and Soundness 

Exams Started as Scheduled (Ot)

94.0 94.0 97.0 90.0 Disc

Prevented or mitigated 

financial and economic crises

Percent of Thrifts that are Well 

Capitalized (Oe)

98.4 97.0 95.0 95.0 Disc

Prevented or mitigated 

financial and economic crises

Percent of Thrifts with Composite 

CAMELS Ratings of 1 or 2 (%) (Oe)

90.0 84.0 77.0 80.0 Disc

Prevented or mitigated 

financial and economic crises

Percent of Thrifts with a Compliance 

Examination Ratings of 1 or 2 (Oe)

95.8 95.0 92.0 90.0 Disc

Key: Oe - Outcome Measure, E - Efficiency Measure, Ot - Output/Workload Measure, M - Management/Cust. Satisfaction, DISC -

Discontinued, and B - Baseline

Description of Performance

OTS anticipates meeting the targets for each of 

its performance measures in FY 2011. With 

the transfer of OTS functions under the DoddFrank Act OTS performance measures will be 

discontinued in FY 2012