The purpose of this letter is to update and clarify existing examiner guidance concerning the communication of supervisory findings to banking organizations and institutions supervised by the Federal Reserve (collectively referred to as “banking organizations” or “organizations” in the guidance). The attached guidance discusses the Federal Reserve’s standard language for examination/inspection findings, which improves the consistency and clarity of written communications to banking organizations, and enhances the focus on matters requiring attention by an organization’s board of directors. In particular, the guidance clarifies requirements for addressing Matters Requiring Immediate Attention (MRIAs) and Matters Requiring Attention (MRAs) that are included in examination or inspection reports or any other supervisory communication during the supervisory cycle.