2 Jerome H. Powell, “Relationship Between Regulation and Economic Growth,” (testimony before the Committee  on Banking, Housing, and Urban Affairs, U.S. Senate, June 22, 2017). 3 See SR letter 04–18, “Bank Holding Company Rating System,” 69 FR 70444 (December 6, 2004). 4 See www.federalreserve.gov/newsevents/pressreleases/bcreg20170803a.htm.
5 MRIAs are matters of significant importance and urgency that the Federal Reserve requires banking  organizations to address immediately and include, for example, matters that have the potential to pose significant risk to the safety and soundness of the banking organization, matters that represent significant noncompliance with applicable laws or regulations and repeat criticisms that have escalated in importance due to insufficient attention or inaction by the banking organization.