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Resolution Authority

Tuesday, July 2, 2013

Public Section of Resolution Plans Released for Four Institutions

The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board today made available the public portions of resolution plans for four firms with U.S. nonbank assets between $100 billion and $250 billion.

The Dodd-Frank 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 submit resolution plans to the FDIC and Federal Reserve. Each plan must describe the company's strategy for rapid and orderly resolution in the event of material financial distress or failure of the company.

Read the press release.

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