Receivership is used to denote a situation in which an institution or enterprise is being held by a receiver.
Several regulatory entities have been granted power by the Congress
to place banking and financial institutions into receivership. The Office of the Comptroller of the Currency
for failing nationally-chartered commercial banks
, the Office of Thrift Supervision
for Savings and loan associations
(thrift institutions), and the Federal Housing Finance Agency
(FHFA), for government sponsored enterprises
(GSEs) such as Fannie Mae
and Freddie Mac
and the 12 Federal Home Loan Banks
. Most individual states also have granted receivership authority to their own bank regulatory agencies, and insurance regulators.