Contents of Status of the Transfer of Office of Thrift Supervision Functions Audit Report

Background page 3
Results of the Joint Review page 4
OTS Employees Transferred to FDIC and OCC as Outlined in the Plan page 4
Procedures and Safeguards Are in Place as Outlined in the Plan to Ensure That Transferred OTS Employees Are Not Unfairly Disadvantaged page 5
OTS Authorities and Responsibilities Transferred to FDIC, FRB, and OCC as Outlined in the Plan page 7
All OTS Funds Transferred to OCC as Outlined in the Plan page 8
OTS Property Transferred to FDIC, FRB, and OCC as Outlined in the Plan page 8
Other Matters Identified in Prior Reports page 9
Management Response and OIG Comment page 10

Appendices
Appendix 1: Objective, Scope, and Methodology page 12
Appendix 2: FRB Management Comments page 15
Appendix 3: OCC Management Comments page 16
Appendix 4: Major Contributors to This Report page 17
Appendix 5: Report Distribution page 18

Abbreviations
Dodd-Frank Act - Dodd-Frank Wall Street Reform and Consumer Protection Act
FDIC - Federal Deposit Insurance Corporation
FRB - Board of Governors of the Federal Reserve System
OCC - Office of the Comptroller of the Currency
OIG - Office of Inspector General
OTS - Office of Thrift Supervision
Plan - Joint Implementation Plan
Treasury - Department of the Treasury