2:51 PM » FDIC Announces Availability of Public Sections of Resolution Plans
Press Release FDIC Announces Availability of Public Sections of Resolution Plans FOR IMMEDIATE RELEASE July 3, 2012 Media Contact: Andrew Gray (202) 898-7192 Email: firstname.lastname@example.org The Federal Deposit Insurance Corporation (FDIC) has made available the public sections of the initial resolution plans submitted to the FDIC and Federal Reserve under Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Firms in this group include U.S. bank holding companies with $250 billion or more in total nonbank assets and foreign-based bank holding companies with $250 billion or more in total U.S. nonbank assets. All submissions were received by the deadline of July 2 nd , 2012. The public summaries are available at: www.fdic.gov/regulations/reform/resplans/index.html # # # Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,309 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations. FDIC press releases and other information are available on the Internet at www.fdic.gov , by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html ) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-78-2012 The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe .