What agency supervises thrift institutions?

The Office of Thrift Supervision (OTS) was the agency responsible for supervising thrift institutions, which include savings and loan associations and savings banks. The OTS's primary role was to ensure these institutions operated safely, soundly, and in compliance with relevant laws and regulations. The OTS enforced regulations regarding capital standards, lending practices, and consumer protections, thus playing a vital role in maintaining the stability of thrift institutions and protecting depositors.

It's important to note that while other agencies like the Federal Housing Administration (FHA) and the Department of Housing and Urban Development (HUD) play significant roles in housing and lending, they do not specifically supervise thrift institutions. Similarly, the Federal Reserve Board oversees the monetary policy and regulates banks but does not directly supervise thrift institutions. The OTS was dedicated to this specific purpose until it was dissolved in 2011, at which point its functions were absorbed by other entities. However, within the context of the question, the OTS is recognized as the correct agency for supervising thrift institutions.