Working Paper
The Federal Reserve banks' imputed cost of equity capital
Lopez, Jose A.; Green, Edward J.; Wang, Zhenyu (2001)
According to the Monetary Control Act of 1980, the Federal Reserve Banks must establish fees for their priced services to recover all operating costs as well as imputed costs of capital and taxes that would be incurred by a profit-making firm. The calculations required to establish these imputed costs are referred to collectively as the Private Sector Adjustment Factor (PSAF). In this paper, we propose a new approach for calculating the cost of equity capital used in the PSAF. The proposed approach is based on a simple average of three methods as applied to a peer group of bank holding ...
Working Paper Series , Paper 2001-01

Journal Article
Revisions to the methodology for computing the private sector adjustment factor
anonymous (1989-08)
Federal Reserve Bulletin , Issue Aug

Journal Article
Federal Reserve System payments services priced to cover costs
anonymous (1997-07)
Financial Update , Volume 10 , Issue Jul , Pages 4

Journal Article
Federal Reserve banks' imputed cost of equity capital
Lopez, Jose A. (2001)
FRBSF Economic Letter