The dephosphorylation of proteins on their serine, threonine and tyros
ine residues is catalysed by three families of protein phosphatases th
at regulate numerous intracellular processes. Diversity of structure w
ithin a family is generated by targeting and regulatory subunits and d
omains. Structural studies of these enzymes have revealed that althoug
h the two families of protein Ser/Thr phosphatases are unrelated in se
quence, the architecture of their catalytic domains is remarkably simi
lar and distinct from the protein tyrosine phosphatases. Insights into
the molecular mechanisms of catalysis and regulation of these enzymes
have been obtained.