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federal reserve bank of Dallas DALLAS. TEXAS 75222 Circular No. 67-6 January 10, 1967 FUNCTIONAL COST ANALYSIS BULLETIN To Person Responsible for Preparation of Functional Cost Analysis Workpapers at Member Bank Addressed: Now that the holiday season is over, we would like to announce that a deadline of February 20 has been set for submitting your functional cost analysis data to this Bank, In order to avoid, any delays in pro cessing your bank*s data, please see that totals are checked for accuracy and copying errors are eliminated by proving each schedule before it is submitted. We would like to remind you again that only one typed copy of each schedule need be returned to us. The worksheets and your copy of each schedule should be retained by you for reference. Show all dollar amounts to the nearest dollar; do not show cents. For your information, over 1,300 banks are participating in the Functional Cost Analysis Program nationally, and in our District to date 125 banks are participating in the program for 1966. Banks under $50 million in deposits will be compared with banks in our own District. Those banks of more than $50 million in deposits but less than $200 million will be cpmpared on a regional basis. Our region comprises the Federal Reserve Districts of St. Louis, Chicago, Minneapolis, San Francisco, and Dallajs. Banks having deposits in excess of $200 million will be compared nationally. We have enclosed two copies of Schedule E which is required for the cost study. Please check or fill in the appropriate boxes and return one copy of this schedule along with your four other completed schedules. As we mentioned previously, this schedule is merely a general information source regarding certain characteristics of your bank and will take only a few minutes to prepare. A question has been raised concerning the distinction between the figures to be reported on Worksheet #3 for Schedule C for deposits made and accounts opened and withdrawals and accounts closed for CD's and Other Time Deposits. In this Reserve District there would seem to be no significant difference between deposits and accounts opened or with drawals and accounts closed. These terms are synonymous. So, in reporting this data, the aggregate number of deposits that were made for the entire This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - year should also be reported as the number of apcouiyts opened, likewise, the number of withdrawals reported will be reflected a$ the number of accounts closed. When this information is transferred to Schedule C, make sure that you report the data to line 58 in the manner just outlined. If other questions develop, please do nqt hesitate tp write us or call collect at Riverside 2.-3271 (Extension 370). Leon W. Cowan Assistant Vice President Enclosures Charles W. Bailey Functional Cogt Analyst
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