[Federal Register Volume 60, Number 250 (Friday, December 29, 1995)]
[Notices]
[Pages 67391-67392]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31465]



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DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[No. 95-202]


Organizational Structure for Senior Management

AGENCY: Office of Thrift Supervision, Treasury.

ACTION: Notice.

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SUMMARY: Pursuant to the publication requirements of section 552 of 
Title 5, United States Code, the Office of Thrift Supervision (OTS) is 
giving notice of its new organizational structure for senior 
management. In 1995, the Director of the OTS implemented a senior level 
reorganization by establishing five offices reporting directly to him. 
These offices are designated as: Research and Analysis, Chief Counsel, 
Supervision, Administration, and External Affairs.

FOR FURTHER INFORMATION CONTACT: Evelyne Bonhomme, Counsel (Banking and 
Finance), (202) 906-7052, Regulations and Legislation Division, Chief 
Counsel's Office, Office of Thrift Supervision, 1700 G Street, NW., 
Washington DC 20552.

SUPPLEMENTARY INFORMATION: Pursuant to the publication requirements of 
the Freedom of Information Act,<SUP>1 the OTS is giving notice of its 
new organizational structure for senior management. The final rule that 
replaced the OTS's general organization regulations with a brief 
overview was published in the Federal Register on Wednesday December 
27, 1995.<SUP>2

    \1\ 5 U.S.C. 552.
    \2\ 60 FR 66866 (December 27, 1995).
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    The functions of the OTS's senior management are currently defined 
as follows:

Director of OTS

    The Director of the OTS directs and carries out the mission of the 
OTS, which is statutorily responsible for the regulation and 
supervision of all savings associations. The Director determines policy 
for the OTS and makes final decisions on regulations, policies, and 
administrative adjudications governing the industry as a whole and on 
measures affecting individual institutions. The Director ensures that 
the OTS achieves its mission by directing a program of on-site, risk-
focused examinations; taking appropriate supervisory and legal actions 
against institutions and individuals; and by resolving financially 
nonviable institutions.

Executive Director for Supervision

    The Executive Director for Supervision provides expert personal and 
confidential counsel to the Director concerning policy decisions and 
considerations involving the program responsibilities for Supervision. 
Specifically, the Executive Director (i) oversees and directs the 
examination and supervision of thrift institutions in the five OTS 
regions to ensure the safety and soundness of the industry, (ii) 
ensures compliance with consumer protection laws and regulations, (iii) 
oversees the regional quality assurance program to ensure consistent 
applications of policies and procedures, (iv) oversees, directs, and 
manages the development of national policy guidelines to enhance 
statutes and regulations and the establishment of programs to implement 
new policy and law, (v) oversees, directs, and manages applications 
processing, securities filing, corporate secretary and corporate 
systems program areas, (vi) serves as the OTS regulatory appeals 
officer, and (vii) represents the OTS's Director in the Director's 
absence.

Executive Director for Research and Analysis

    The Executive Director for Research and Analysis provides expert 
and confidential advice to the Director regarding the financial 
condition of the thrift industry. The Executive Director for Research 
and Analysis is responsible for the direction and oversight of the 
research and analysis functions of the OTS. The Executive Director 
oversees and directs the activities of four units: Risk Management, 
Economic Analysis, Industry Analysis, and Financial Reporting, ensuring 
the coordination and cooperation of the units to achieve optimal 
operating efficiencies. The Executive Director oversees the preparation 
and review of various OTS financial reports, including the quarterly 
report on the financial condition of the thrift industry, and the 
preparation and review of OTS regulations, bulletins, other policy 
documents, congressional testimony and official correspondence on 
matters relating to the condition of the thrift industry, interest rate 
risk, financial derivatives, and economic issues.

Chief Counsel

    The Chief Counsel provides expert and confidential legal advice to 
the Director. As the OTS's chief legal officer, the Chief Counsel 
directs, manages, and oversees the legal activities of the OTS 
including: provision of legal services to the Director, OTS and other 
OTS staff; representation of OTS on pending litigation and other 
matters; preparation of the record for final OTS action in accordance 
with legal requirements; legal review of transactional applications and 
notices; prosecution of enforcement actions relating to thrift 
institutions; provision of legal advice and opinions on regulatory and 
administrative matters; and drafting support on regulatory projects, 
statutes and congressional testimony.

Executive Director for Administration

    The Executive Director for Administration provides expert and 
confidential advice to the Director of the 

[[Page 67392]]
OTS on the overall direction of the OTS, including policy and 
administrative functions, and serves as the Chief Financial Officer and 
Senior IRM Official. The Executive Director for Administration directs 
the policy development and operations of OTS's administrative, 
contracting and procurement, training and human resources, ADP and 
telecommunications, financial management and records/information 
management programs. In addition, the Executive Director is responsible 
for overall guidance to the Washington Headquarters and regional 
offices on a full range of administrative and management functions, 
providing administrative support to the Headquarters staff and 
coordinating a program of decentralized support to the five regional 
offices and quality assurance evaluations of administrative activities 
in the regional offices.

Executive Director for External Affairs

    The Executive Director for External Affairs reports to the Director 
of OTS, and provides expert personal and confidential counsel to the 
Director concerning policy decisions and considerations involving the 
program responsibilities for External Affairs. The Executive Director 
for External Affairs directs, oversees, and formulates policy 
concerning the OTS's external affairs activities including 
Congressional Liaison, Press Relations, Interagency Relations, and 
other external OTS coordination and presentation.

    Dated: December 21, 1995.

    By the Office of Thrift Supervision.
Jonathan L. Fiechter,
Acting Director.
[FR Doc. 95-31465 Filed 12-28-95; 8:45 am]
BILLING CODE 6720-01-P