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Exception Tracking Spreadsheet (TicklerTrax™)
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Large banks' resolution plans released

The Federal Reserve and FDIC have released the public sections of eight large domestic firms' resolution plans, which are required by the Dodd-Frank Act and commonly known as "living wills." The resolution plans describe the companies' strategies for rapid and orderly resolution under bankruptcy in the event of material financial distress or failure. Eight firms were required to submit plans by July 1: Bank of America Corporation, Bank of New York Mellon Corporation, Citigroup Inc., Goldman Sachs Group, JPMorgan Chase & Co., Morgan Stanley, State Street Corporation, and Wells Fargo & Company.

The public sections of the resolution plans are available on the FDIC's and the Federal Reserve's websites.

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