According to one embodiment, a memory system includes a first memory, a second memory, and a control unit. The first memory includes a volatile first register retaining a first operation parameter. The control unit performs a first operation of retaining the first operation parameter in the second memory. Then, the control unit turns OFF the first memory while retaining the first operation parameter in the second memory when an operation mode is switched from a first mode to a power saving second mode. Then, the control unit performs a second operation of turning on the first memory, and transferring the first operation parameter retained in the second memory to the first register when the operation mode is switched from the second mode to the first mode.