Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Large Banking Organizations

Joint Release

Federal Reserve Board

Federal Deposit Insurance Corporation

October 23, 2025

WASHINGTON – The Federal Reserve Board and the Federal Deposit Insurance Corporation today released the public sections of resolution plans for 15 large banking organizations, including five domestic and 10 foreign banking organizations. These firms were required to submit resolution plans by October 1, 2025.

Resolution plans, commonly known as living wills, are required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. These plans describe a firm’s strategy for orderly resolution under bankruptcy in the event of material financial distress or failure. The firms’ confidential plans include a public section that provides a summary of elements of the resolution plan.

The agencies also released a public summary of Capital One Financial Corporation’s interim update to its resolution plan, which was filed following Capital One’s recent acquisition of Discover. Capital One will file a full resolution plan with a public section by July 1, 2026. 

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

Contact(s)
FDIC: Carroll Kim, (202) 898-7389
FRB: Karolina Kalset, (202) 452-2955

Last Updated: October 23, 2025