On June 29, the Fed and the FDIC announced the process for receiving and evaluating initial resolution plans for U.S. bank holding companies with $250 billion or more in total nonbank assets and non-U.S. banking holding companies with $250 billion or more in total U.S. nonbank assets. Such bank holding companies must submit their initial resolution plans on or before July 2 and the public sections of these resolution plans will be released on July 3. Fed Release. FDIC Release.