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F ederal reserve Ba n k DALLAS, TEXAS of Dallas 75222 C i r c u l a r N o. 7 0 -3 1 2 December 3 1 y 1970 To the Chief Executive Officer of the Member Bank Addressed: We are pleased to announce that our Functional Cost Analysis program has been updated to keep pace with the changes in today’s hank ing industry. Beginning in 1971 the report will offer a more complete analysis of income, expenses, and earnings for each function within your bank. Some of the changes are: 1. Optional analysis pages on various types of demand deposit accounts, i.e. special checking, personal checking, commercial checking, and minimum balance checking accounts. 2. A separate analysis page for credit card trans actions . 3. An expanded time deposit and instalment loan section. 4. Comparisons of each function by either conven tional or computerized operating procedure. 5. Inclusion of the cash and due account expenses in the cost of money and earnings figures. 6. Inclusion of trust department deposits in departmental assets. There are many more significant improvements that will make the program most advantageous to your bank's participation. Most of the data required as input to us will be available as a by-product of your regular banking activities. If you would like to learn more about the Functional Cost Analysis program, complete and return the enclosed postal card. Upon This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) receipt of your response, we normally forward the forms necessary to compile the information in your bank. This year, due to the time required to complete all of the program changes, the forms will not be mailed until later in the year. The delay will in no way affect the accuracy of your report. A visit by our Functional Cost Analysis representative to each bank indicating an interest will follow the mailing of the forms. Inquiries concerning the Functional Cost Analysis program should be directed to Leon W. Cowan, Vice President of this bank. Yours very truly, P. E. Coldwell President Enclosure
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