The Fed Board and the FDIC on June 29 issued, and invited comments on, proposed guidance on the 2019 and subsequent submissions for the eight largest, most complex US banks. Intended to assist those eight Global Systemically Important Banks in further developing their preferred resolution strategies, the document describes the agencies' expectations of the firms' resolution plans and highlights specific areas where additional detail should be provided. It is organized around a number of key vulnerabilities, including capital, liquidity, governance mechanisms, operational, legal entity rationalization and separability and derivatives and trading activities. The eight banks are Bank of America Corp., The Bank of New York Mellon Corp., Citigroup Inc., the Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley, State Street Corp. and Wells Fargo & Co.