[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]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
[No. 95-202]
Organizational Structure for Senior Management
AGENCY: Office of Thrift Supervision, Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
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,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, 1995.2
\1\ 5 U.S.C. 552.
\2\ 60 FR 66866 (December 27, 1995).
---------------------------------------------------------------------------
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
