Functional Cost Analysis (FCA)

DEFINITION of 'Functional Cost Analysis (FCA)'

A voluntary survey provided by the Federal Reserve Board outlining the cost of banking at different institutions. The functional cost analysis is posted on a yearly basis to illustrate the changes in fees over the years. The survey includes, among others, such costs as monthly account fees, deposits, withdrawls and transit items.

BREAKING DOWN 'Functional Cost Analysis (FCA)'

While this survey does provide some useful information, it must be taken as somewhat incomplete. As the survey is voluntary, only a small percentage of all institutions are listed. As well, it does not include all relevant information as items in the midst of collection and other balance sheet entries are not part of the survey.

RELATED TERMS
  1. Qualified Acquisition Cost

    These are items, in the context of IRA withdrawls, that constitute ...
  2. Country Exposure Lending Survey

    A periodic survey published by the Interagency Country Exposure ...
  3. Voluntary Reserve

    Monetary reserves voluntarily held by insurance companies. Government ...
  4. Current Population Survey

    A statistical survey that is performed by the U.S. Census Bureau ...
  5. CEO Confidence Survey

    A monthly survey of 100 CEOs from a variety of industries in ...
  6. Senior Loan Officer Opinion Survey ...

    A quarterly survey completed by 75 banks consisting of 53 domestic ...
Related Articles
  1. Investing News

    Does the Empire State Index Signal a Recession?

    This morning, the New York Federal Reserve Bank reported the worst numbers in six years for its August 2015 Empire State Manufacturing Survey, indicating not only a potential economic slowdown ...
  2. Economics

    What You Need To Know About The Employment Report

    This widely watched indicator of economic well-being directly influences the market.
  3. Personal Finance

    Changes To Your Checking Account

    Checking accounts have evolved a lot over the years. Here are the five biggest changes that can affect your wallet.
  4. Trading Strategies

    Philly Fed Survey: Valuable To Investors?

    For many investors, the Philly Fed's monthly manufacturing survey provides important clues about the direction of the economy. But trading on the monthly report is probably best left to the professionals ...
  5. Retirement

    Economic Indicators: Business Outlook Survey

    By Ryan Barnes Release Date: Third Thursday of the month Release Time: 12pm Eastern Standard Time Coverage: Current ...
  6. Savings

    What It Costs to Hire an Accountant in 2016

    Various factors affect how much accountants charge clients each year, including the complexity of the accounting tasks and geographic location.
  7. Savings

    Try These Ways to Reduce Your Bank Fees

    The tables have turned on consumers: Not only are bank account interest rates measly, but fees can take a serious bite out your balance. Here's what to do.
  8. Retirement

    Are Fees Depleting Your Retirement Savings?  

    Each retirement account will have a fee associated with it. The key is to lower these fees as much as possible to maximize your return.
  9. Retirement

    The Hidden Costs Of Investing In Mutual Funds

    Find the hidden fees in your portfolio, so that you can increase your rate of return.
  10. Investing Basics

    The Value Line Investment Survey

    If you want to try your hand at picking stocks but don't know where to start, The Value Line Investment Survey can help.
RELATED FAQS
  1. What is the difference between cost and price?

    Consider how cost affects a product's price. Corporate expenses and the current cost of living both impact the final sticker ... Read Answer >>
  2. What are the Federal Reserve's guidelines on demand deposit accounts?

    Read about some of the Federal Reserve's requirements and guidelines regarding the treatment, safeguarding and processing ... Read Answer >>
  3. What kinds of fees are involved in futures trading?

    Learn what the various costs are that are charged by brokerage firms and trading exchanges to individual futures trading ... Read Answer >>
  4. How do you calculate payback period using Excel?

    Understand the various fees that can be assessed on a personal or business checking account, and learn methods to avoid being ... Read Answer >>
  5. What is an adjusted cost basis and how is it calculated?

    Learn what adjusted cost basis is, how it is calculated, and why this metric is important for investors, business owners ... Read Answer >>
  6. What are the main advantages and disadvantages to the cost accounting method?

    Read a brief overview of the main advantages and disadvantages of the cost accounting method as it relates to business analysis ... Read Answer >>
Hot Definitions
  1. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  2. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  3. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  4. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  5. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  6. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
Trading Center