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FEDERAL RESERVE BANK OF DALLAS DALLAS, TEXAS 75222 Circular No. 67-19 January 25, 19&7 FUNCTIONAL COST ANALYSIS BULLETIN To Person Responsible for Preparation of Functional Cost Analysis Workpapers at Member Bank Addressed: As the deadline, February 20, approaches for submitting the finished schedules on your Functional Cost Analysis study, we would like to take this opportunity to mention some points to keep in mind as you finish compiling your bank’s cost data. If no clear definition appears in the FCA Instruction Manual concerning the allocation of certain items of income or expense, or the classification of items on the balance sheet, you can frequently get help from the booklets of instructions for preparation of Reports of Condition and Reports of Income and Dividends. Our cost study has been designed to follow these reports closely in many respects. We have had several inquiries regarding salaries and time allocations on Demand Deposit tellers, which appear as separate memo items on Schedule B lines 6 through 10 and 36 through Ul, respectively. Please review the instructions on pages 9 and .15 of the Instruction Manual for assistance in allocating these memo items. This data will be developed in aggregate at the bottom of each page on Worksheets T-2 through T-5. It will be most helpful if you perform the various test checks referred to on page 29 of the Instruction Manual. Also, as mentioned earlier, please see that all totals are checked for accuracy on each schedule before they are submitted. You can readily see these checks would help reduce the volume of invalid data showing up in our edit-check program. Please note the instructions at the bottom of Schedule B. On line (A) indicate the name of the person for us to contact in the event any questions arise regarding the completed schedules and on line (B) the name of the person to whom we should mail the two copies of your final report. Also, please make sure that the name and loca tion of your bank is provided on the upper left hand corner of each schedule. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 - You may subm it your com pleted schedules in advance o f th e d e a d lin e , i f d e s ire d . In f a c t , we hope a good number w ill reach our bank b e fo re th e d e a d lin e , th u s en ab lin g us to s t a r t our p ro c e ssin g p ro c e d u re s. Good lu c k d u rin g th e se f i n a l few weeks o f work. Should any q u e stio n s a r i s e , p le a s e c a l l us c o lle c t a t R iv ersid e 2-3271 (E xtension 370). Leon W. Cowan A s s is ta n t Vice P re sid e n t C harles W. B ailey F u n c tio n al Cost A nalyst
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