Office of Thrift Supervision Annual Report, Fiscal Year 2009. OTS 20th Anniversary: Two Decades of Service to Consumers and Communities

摘要

The OTS marked its 20th anniversary in FY 2009 during a financial crisis that began in the housing market and had an inordinate impact on homeowners and the thrift industry. The recession hurt industry earnings and 17 thrifts failed from 2008 to the end of fiscal 2009. Yet by years end, glimmers of hope began to emerge that the economic cycle was beginning to edge upward and, after a difficult period, the thrift industry was positioning itself to improve when the job market rebounds. Although the OTS just completed its 20th year, its roots extend nearly two centuries to the establishment of the first savings association. Despite the ups and downs that the thrift industry has experienced during its history, the industry's support for the American dream of home ownership has been constant.