for permission to continue its brokered deposit activity, Mr.
Reich wrote that its brokered deposits were declining anyway at the time, dropping from .3 billion on May 11 to .2 billion on June 27."While we believe that the above information shows that the million capital contribution issue is a relatively small factor in the events leading to the failure of Indy Mac, we also recognize that we must take certain actions to ensure that OTS remains a well-managed regulatory agency," Mr. The inspector general's office said it would continue to assess the situation in a separate audit. Thorson also noted that it "is unclear what information OTS had at the time and what its basis was for allowing the capital infusion to be recorded for the quarter ending March 31."Scott Polakoff, the OTS chief operating officer, sent a note to staff Monday acknowledging the change in staffing assignments but avoiding the reasons behind them.
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Dochow "has agreed to perform a detail assignment in Washington, D. The e-mail also said the OTS was putting Edwin Chow, a deputy regional director, to fill in as acting regional director effective Monday.The agency said it has removed Darrel Dochow from his responsibilities as regional director of the West while the government investigates the matter.The Treasury Department's Office of Inspector General said Mr.If you're still unhappy with the outcome you can appeal to an independent Appeal Tribunal.WASHINGTON — The Office of Thrift Supervision has suspended a top official following allegations he allowed Indy Mac Bank to backdate an infusion of capital shortly before the California thrift was closed by federal regulators.