FDIC requests renewal of 'Resolution Plans' information collection

This story appeared in Bank Digest.                                   

The Federal Deposit Insurance Corporation is proposing to renew an existing information collection entitled "Resolution Plans Required for Insured Depository Institutions With $50 Billion or More in Total Assets." The collection is related to the requirement that an insured depository institution with $50 billion or more in total assets submit periodically to the FDIC a contingent plan for the resolution of the institution in the event of its failure. 

On July 30, 2018, the FDIC requested comment for 60 days on the proposal and is now giving notice of its plan to submit to the Office of Management and Budget a request to approve the renewal of the collection. Comments on the current notice must be submitted by Nov. 28, 2018.