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Press Release | January 4, 2023 |
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FDIC Releases Public Resolution Plans for 21 Large Banks |
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WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released the public sections of resolution plans of 21 large insured depository institutions due by December 1, 2022.
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.
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MEDIA CONTACT
Brian Sullivan
202-412-1436
brsullivan@fdic.gov
FDIC: PR-3-2023
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