When i heard this it reminded me of my experience over 50 years ago in the Head Office of a major irish bank. When Branches wrote in that they had allowed unauthorised excess on an overdraft they were usually scolded with words like "surprise, appaled, concerned etc and the reply letter used the word "observe" to comment. If some unfortunate official said the position was "noted" he was in deep trouble as this was an indication that the position has been sanctioned.