Annual Report 2002 - ffiec

the FDIC and the Neighborhood
Reinvestment Corporation.
The Deputy Director of OTS manages
day-to-day operations of the
agency, both regulatory and management
activities. Major responsibilities
include (1) supervision and
examination of OTS-regulated
thrifts to ensure the safety and
soundness of the industry and their
compliance with consumer laws and
fair lending requirements; (2) The
legal activities of the agency
(through the Office of Chief Counsel),
including litigation and
enforcement matters, legal advice
and opinions, and legislative initia-
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tives; (3) information systems technology;
(4) financial and modeling
systems; and (5) all management
policies, procedures, and processes.
The Deputy Director is responsible
for the Office of Supervision; the
four regional offices, the Office of
the Chief Counsel; and the Office of
Information Systems, Administration,
and Finance. The four regional
offices are located in Jersey City,
New Jersey (Northeast Region);
Atlanta, Georgia (Southwest
Region); Dallas, Texas (Midwest
Regional); and Daly City, California
(West Region).
The Congressional Affairs Office
interacts with members of Congress,
the press, and executives of
other federal agencies to accomplish
the legislative and media objectives
of the OTS. It communicates and
explains policy directives and
actions of the agency to Congress,
the press, the thrift industry, other
government agencies, and employees
through a variety of forums,
including briefings, press conferences,
and news releases.
The OTS uses no tax money to fund
its operations. It draws its revenues
primarily through fees and assessments
levied on the institutions it
regulates.