Which agency regulates federally chartered savings institutions, formerly known as the Federal Home Loan Bank Board?

The Office of Thrift Supervision (OTS) was the agency responsible for regulating federally chartered savings institutions, which were formerly overseen by the Federal Home Loan Bank Board. The OTS played a critical role in supervising and regulating savings and loan associations, ensuring their financial health and compliance with federal banking laws.

While the OTS has effectively been merged into the Office of the Comptroller of the Currency (OCC) since 2011, understanding the historical context and the specific role of the OTS in regulating these institutions helps clarify its significance. In this scenario, the OTS represents the regulatory authority over savings institutions, illustrating the evolution of the regulatory framework surrounding these financial entities.

The Federal Reserve primarily focuses on monetary policy and banking system stability, not specifically on savings institutions. The Consumer Financial Protection Bureau's mission is oriented towards protecting consumers in financial transactions across a broad array of financial services, rather than the specific regulation of thrift institutions. The Securities and Exchange Commission oversees securities markets and protects investors, which does not include the regulation of savings institutions.