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. Current Population Survey

    A statistical survey that is performed by the U.S. Census Bureau ...
  2. Voluntary Reserve

    Monetary reserves voluntarily held by insurance companies. Government ...
  3. Voluntary Liquidation

    A corporate liquidation that has been approved by the shareholders ...
  4. Cost Accounting

    A type of accounting process that aims to capture a company's ...
  5. Deposit In Transit

    A deposit in transit is money that has been received by a company ...
  6. Voluntary Conveyance

    Transfer of title from a delinquent homeowner to a lender to ...
Related Articles
  1. Markets

    What You Need To Know About The Employment Report

    This widely watched indicator of economic well-being directly influences the market.
  2. Managing Wealth

    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.
  3. Markets

    Tankan Survey Provides Clues To Japanese Economy

    This quarterly survey is crucial for assessing Japan's economic health.
  4. Investing

    Conference Board: CEO Confidence Survey

    By Chris Stone Contact Chris The opinions of companies' chief executive officers on the state of the economy can provide a valuable benchmark for traders and economists. In 1976, the Conference ...
  5. Personal Finance

    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.
  6. Markets

    Understanding Cost of Revenue

    The cost of revenue is the total costs a business incurs to manufacture and deliver a product or service.
  7. 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.
  8. Trading

    How To Read The Michigan Consumer Sentiment Index

    The Michigan Consumer Sentiment Index has provided a key leading indicator for investors and economists for decades. This respected index is published monthly from the results of random telephone ...
  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

    Cut Your Bank Fees

    Find out how to get the bank to pay you for using their services, not the other way around.
RELATED FAQS
  1. How are fixed costs treated in cost accounting?

    Learn how fixed costs and variable costs are used in cost accounting to help a company's management in budgeting and controlling ... Read Answer >>
  2. 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 >>
  3. 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 >>
  4. What are the main objectives of cost accounting?

    Learn about the main benefits of cost accounting systems, why they are different from financial accounting and why they are ... 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. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  2. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  3. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  4. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  5. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  6. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
Trading Center