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F ederal r eser ve b a n k o f Dallas D ALLAS, T E X A S 75222 Circular No. 68-277 Decem ber 30, 1968 FUNCTIONAL COST ANALYSIS To the Chief Executive Officer of the Member Bank Addressed in the Eleventh Federal Reserve D istrict: The Functional Cost Analysis Program offered by this Reserve Bank is close to com pleting its third year, and we are now preparing for its fourth year of operation. As m ost of you know, th is service is available at no charge to all member banks in the Eleventh Federal Reserve District. Functional Cost Analysis is a simplified form of cost accounting which will provide participating banks with a confidential report of comparative earnings and costs covering major bank functions for a full year. This cost study will enable participants to compare income, expenses, and earnings with groups of banks of sim ilar size and deposit structure. Workpapers and instructions for collecting and subm itting 1969 data will be provided. N ew workpapers are in process of being printed, and will be available early in 1969. Also, for the first tim e “short form ” Functional Cost Analysis workpapers will be available for optional use by banks w ith less than $10 million in deposits. Smaller banks may continue to use the regular workpapers, however, and may wish to do so in order to obtain a slightly more definitive report. In the past three years one-day workshops have been held to explain this service; and, if a sufficient number of banks desire, a m eeting of this nature will be held at a date to be designated later. A postal card is enclosed on which you may indicate your preference concerning partici pation in our Functional Cost Analysis Program during the coming year. Please return the card as promptly as possible. Vice President Cowan is in charge of adm inistering this program, and he will be pleased to provide additional information or answer any questions you may have concerning Functional Cost Analysis. Yours very truly, P. E. Coldwell President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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