Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires that bank holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated by the Financial Stability Oversight Council (FSOC) for supervision by the Federal Reserve periodically submit resolution plans to the Federal Reserve and the Federal Deposit Insurance Corporation.
Each plan, commonly known as a living will, must describe the company's strategy for rapid and orderly resolution in the event of material financial distress or failure of the company, and include both public and confidential sections.
Currently, the largest, most complex banking organizations supervised by the Board are required to file resolution plans by July 1 of each year. All other companies supervised by the Board and subject to the resolution planning rule generally are required to file by December 31 of each year.
Board ReleasesResolution Plan Assessment Framework and Firm Determinations (2016) (PDF) | HTML
Guidance for 2017 165(d) Annual Resolution Plan Submissions by Domestic Covered Companies that Submitted Resolution Plans in July 2015 (PDF)
Guidance for 2013 165(d) Annual Resolution Plan Submissions by Domestic Covered Companies that Submitted Resolution Plans in 2012 (PDF)
See Regulation QQ.
See Supervision and Regulation Letter 14-1.
Bank Holding Company (BHC) Plans and Feedback Letters
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Agency Feedback Letters
Bank of America Corporation (PDF)
The Bank of New York Mellon Corporation (PDF)
Citigroup Inc. (PDF)
The Goldman Sachs Group, Inc. (PDF)
JPMorgan Chase & Co. (PDF)
Morgan Stanley (PDF)
State Street Corporation (PDF)
Wells Fargo & Company (PDF)