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Data / Federal rules / 2024-13982

Resolution Plans Required for Insured Depository Institutions With $100 Billion or More in Total Assets; Informational Filings Required for Insured Depository Institutions With at Least $50 Billion but Less Than $100 Billion in Total Assets

The Federal Deposit Insurance Corporation published this final rule in the Federal Register on July 9, 2024. It took effect on October 1, 2024.

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What the agency says

The FDIC is adopting this final rule to require the submission of resolution plans by insured depository institutions (IDIs) with $100 billion or more in total assets and informational filings by IDIs with at least $50 billion but less than $100 billion in total assets. The final rule modifies the current rule requirements regarding the content and timing of full resolution submissions, as well as interim supplements to those submissions provided to the FDIC, in order to support the FDIC's resolution readiness in the event of material distress and failure of these large IDIs. The final rule also enhances how the credibility of full resolution submissions will be assessed, expands expectations regarding engagement and capabilities testing, and explains expectations regarding the FDIC's review, feedback, and enforcement of IDIs' compliance with the rule.

Key facts

Document number
2024-13982
Type
Final rule
Action
Final rule
Agency
Federal Deposit Insurance Corporation
Published
July 9, 2024
Takes effect
October 1, 2024
Dates
The rule is effective October 1, 2024.
Regulation ID (RIN)
3064-AF90
Code of Federal Regulations
12 CFR 360
Topics
Bank deposit insurance; Banks, banking; Holding companies; Reporting and recordkeeping requirements; Savings associations
Pages
38

The document on federalregister.gov PDF

Other documents from the Federal Deposit Insurance Corporation

Everything from the Federal Deposit Insurance Corporation · Rules on bank deposit insurance · Rules on banks, banking · Rules on holding companies · Published in July 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.