Federal Reserve Board and Federal Deposit Insurance Corporation release public sections of resolution plans for eight largest domestic banks, 56 foreign banking organizations and 12 large insured depository institutions

The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) released the public sections of resolution plans for the eight largest and most complex domestic banking organizations and 56 foreign banking organizations, which were required to submit plans by July 1, 2025. The FDIC also published the public sections of separate resolution plans for 12 large insured depository institutions required under the FDIC’s Insured Depository Institution Rule. Resolution plans, or “living wills”, are required under the Dodd-Frank Wall Street Reform and Consumer Protection Act and set out a firm’s strategy for orderly resolution under bankruptcy in the event of material financial distress or failure. The plans must be split into public and confidential sections, with public portions summarising specified elements for transparency; the IDI plans are intended to support an efficient FDIC resolution of an insured depository institution under the Federal Deposit Insurance Act. The public sections are available on the FDIC’s and the Federal Reserve Board’s websites.