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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 2019 165(d) Resolution Plan Submissions by Domestic Covered Companies that Submitted Resolution Plans in July 2017
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)
Banco Bilbao Vizcaya Argentaria, S.A. (PDF)
Banco Santander, S.A.(PDF)
Bank of China Limited (PDF)
Bank of Montreal (PDF)
The Bank of Nova Scotia (PDF)
BNP Paribas (PDF)
BPCE (PDF)
Coöperatieve Rabobank U.A. (PDF)
Crédit Agricole S.A. (PDF)
HSBC Holdings plc (PDF)
Industrial and Commercial Bank of China Ltd. (PDF)
Mitsubishi UFJ Financial Group, Inc. (PDF)
Mizuho Financial Group, Inc. (PDF)
The Norinchukin Bank (PDF)
Royal Bank of Canada (PDF)
Société Générale (PDF)
Standard Chartered PLC (PDF)
Sumitomo Mitsui Financial Group, Inc. (PDF)
The Toronto-Dominion Bank (PDF)
Agency Feedback Letters for 2016
CIT Group Inc. (PDF)
Citizens Financial Group (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)
Agency Feedback Letters for 2017
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)
Agency Feedback Letters for 2018
Barclays (PDF)
Credit Suisse (PDF)
Deutsche Bank (PDF)
UBS (PDF)
Agency Feedback Letters for 2019
Ally Financial Inc. (PDF)
American Express Company (PDF)
BB&T Corporation (PDF)
Capital One Financial Corporation (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)