Functional Cost Analysis (FCA)

At one point, the Federal Reserve conducted a survey of financial companies to determine the cost of banking. The voluntary questionnaire gathered information on things like fees and charges.

But...The Fed soon gave up on the FCA. Because it was voluntary, it only provided a look at a relatively small (and self-selecting) group of companies. Also, the info itself only covered a limited number of topics. So the FCA was basically DOA.