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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 Releases

Guidance for 2018 §165(d) Annual Resolution Plan Submissions By Foreign-based Covered Companies that Submitted Resolution Plans in July 2015 (PDF)
Resolution 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)
Guidance for 2013 §165(d) Annual Resolution Plan Submissions by Foreign-Based Covered Companies that Submitted Initial Resolution Plans in 2012
See Regulation QQ.
See Supervision and Regulation Letter 14-1.

Bank Holding Company (BHC) Plans and Feedback Letters

Resolution Plans
Search Resolution Plans

Agency Feedback Letters for 2015
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)

Barclays Bank PLC (PDF)
Credit Suisse Group, A.G. (PDF)
Deutsche Bank AG (PDF)
UBS Group AG (PDF)

Ally Financial Inc. (PDF)
American Express Company (PDF)
BB&T Corporation (PDF)
Capital One Financial Corporation (PDF)
Comerica Incorporated (PDF)
Discover Financial Services (PDF)
Fifth Third Bancorp (PDF)
Huntington Bancshares Incorporated (PDF)
KeyCorp (PDF)
M&T Bank Corporation (PDF)
Northern Trust Corporation (PDF)
The PNC Financial Services Group, Inc. (PDF)
Regions Financial Corporation (PDF)
SunTrust Banks, Inc. (PDF)
U.S. Bancorp (PDF)
Zions Bancorporation (PDF)

Agency Feedback Letters for 2016 Targeted Submissions
Bank of America Corporation (PDF)
The Bank of New York Mellon Corporation (PDF)
JPMorgan Chase & Co. (PDF)
State Street Corporation (PDF)
Wells Fargo & Company (PDF)

Related Information

Press Release
March 24, 2017
Agencies complete resolution plan evaluation of 16 domestic firms; provide resolution plan guidance to four foreign banking organizations

Press Release
December 13, 2016
Agencies announce determinations on October resolution plan submissions of five systemically important domestic banking institutions

Press Release
June 10, 2016
Agencies permit reduced content resolution plan submissions for firms with limited U.S. operations

Press Release
June 8, 2016
Agencies extend deadline for certain foreign banking organizations' resolution plan submissions

Press Release
April 13, 2016
Agencies announce determinations and provide feedback on resolution plans of eight systemically important, domestic banking institutions

Press Release
July 28, 2015
Agencies provide additional guidance for certain resolution plans

Press Release
July 28, 2015
Agencies provide feedback to nonbank firms on resolution plans

Press Release
July 6, 2015
Agencies post public sections of resolution plans

Press Release
March 26, 2015
Agencies adjust resolution plan filing deadline for nonbank financial institutions

Press Release
March 23, 2015
Agencies provide feedback on resolution plans of three foreign banking organizations

Press Release
August 15, 2014
Agencies provide additional guidance for certain resolution plans

Press Release
August 5, 2014
Agencies provide feedback on second round resolution plans of "First-Wave" filers

Press Release
July 2, 2014
Agencies release public sections of resolution plans

Press Release
October 3, 2013
Agencies release public sections of the second submission of resolution plans for 11 institutions

Press Release
September 3, 2013
Agencies provide model template for submission of tailored resolution plans

Press Release
July 1, 2013
Agencies release public sections of resolution plans for four institutions

Press Release
April 15, 2013
Agencies provide additional instructions for submission of some resolution plans

Press Release
October 17, 2011
Federal Reserve Board approves final rule implementing the resolution plan requirement of the Dodd-Frank Act

Model Templates for Tailored Resolution Plans
Current Model Template (PDF)
2014 Model Template (PDF)
2013 Model Template (PDF)

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Last Update: June 06, 2017