Regulatory AlertsSupervisory Considerations for the Communication of Supervisory Findings
The Board of Governors of the Federal Reserve System issued this letter to update examiner guidance regarding the communication of supervisory findings to all Federal Reserve-supervised banking organizations. The guidance mandates the discontinuation of the 'Observations' category to sharpen the focus on Matters Requiring Immediate Attention and Matters Requiring Attention, while establishing standard language for examination reports. It further defines these critical finding categories and outlines the procedures safety-and-soundness and consumer compliance examiners must follow to ensure consistent and clear communication of deficiencies and corrective actions.
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