Federal · Title 12 — Banks and Banking

12 U.S.C. § 5435: Disposition of affairs

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manage the employees of the Office of Thrift Supervision who have not yet been transferred and provide for the payment of the compensation and benefits of the employees that accrue before the date on which the employees are transferred under this title; 1 and manage any property of the Office of Thrift Supervision, until the date on which the property is transferred under section 5433 of this title ; and may take any other action necessary to wind up the affairs of the Office of Thrift Supervision. to wind up the Office of Thrift Supervision; and to carry out the transfer under this part during such 90-day period. treated as an officer of the United States; and entitled to receive compensation at the same annual rate of basic pay that the Director of the Office of Thrift Supervision received on the day before the transfer date.

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