FRB and FDIC Publish Portions of Resolution Plans for Eight Large Domestic Firms

The Federal Reserve Board and FDIC made public non-confidential sections of the resolution plans (or "living wills") of eight large domestic firms: 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 portion of each plan summarizes certain information regarding a firm's material entities and core business lines, and how the resolution plan would be executed.

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