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F ederal R eserve B ank OF DALLAS WILLIAM H. WALLACE f i r s t VICE p r e s i d e n t January 7, 1987 DALLAS. TEXAS 75222 C ir c u l a r 87-2 TO: The Chief Executive O f fi ce r of the f i n a n c i a l i n s t i t u t i o n addressed SUBJECT Functional Cost Analysis Program DETAILS This year will be the t w e n t y - f i r s t year the Functional Cost Analysis Program has been offe re d in the Eleventh Federal Reserve D i s t r i c t . The program is again a v a i l a b l e to a l l f i n a n c i a l i n s t i t u t i o n s in the D i s t r i c t on a voluntary non-cost b a s i s . The Functional Cost Analysis Program i s designed so t h a t a l l f i n a n c i a l i n s t i t u t i o n s can p a r t i c i p a t e re g ar d l es s of s iz e and s t a f f l i m i t a t i o n s . The program enables p a r t i c i p a n t s to measure employee e f f i c i e n c y as well as compile and analyze banking a c t i v i t i e s , such as r ece iv in g d e p o s i ts , lending and fee-based s e r v i c e s . For i n s t i t u t i o n s t h a t p a r t i c i p a t e , the FCA r e p o r t provides a number of item costs such as the co st to process a t r a n s i t check, a checking depos it and a savings withdrawal as well as to make an i n s t a l l m e n t loan and to c o l l e c t a payment. An important f e a t u r e of the r e p o r t is comparative cos t f ig u re s f o r f i n a n c i a l i n s t i t u t i o n s most s i m i l a r to the p a r t i c i p a t i n g i n s t i t u t i o n . The enclosed brochure provides a d d it io na l information concerning the program. I f your i n s t i t u t i o n is i n t e r e s t e d in p a r t i c i p a t i n g in the Functional Cost Analysis Program, please re t u rn the enclosed postal card f o r a d di ti o n al information. ATTACMENTS A Functional Cost Analysis brochure is enclosed. MORE INFORMATION I n q u ir i e s concerning the Functional Cost Analysis Program should be d ir e c t e d to J e r r y Bramlett or Kathy Johnsrud of the Corporate Banking Department a t (214) 651-6370. Sincer ely yours, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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