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FDIC Releases Public Resolution Plans for Nine Large Banks

December 26, 2023 / Source: FDIC

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released the public sections of resolution plans of nine large domestic covered insured depository institutions due by December 1, 2023.

FDIC regulations require a covered insured depository institution to submit a resolution plan under which the FDIC, as receiver, might resolve the institution under the Federal Deposit Insurance Act in a way that provides depositors timely access to their insured deposits, maximizes returns on the sale or disposition of assets, and minimizes creditor losses.

Resolution plans are divided into public and confidential sections. To foster transparency, the FDIC has required each covered insured depository institution’s public section to summarize certain elements of the resolution plan.

The public sections of the resolution plans are available on the FDIC’s website.

FDIC: PR-112-2023