The steady-state performance of phasor measurement units (PMUs) is well standardized in the recently issued revised IEEE Std. C37.118. The Western Electricity Coordinating Council (WECC) has developed dynamic performance requirements for PMU filters as a means to guarantee better, uniform PMU response under dynamic conditions, such as power swings and changing harmonics. These have been endorsed by North American Synchrophasor Initiative (NASPI) for its wide-area monitoring infrastructure. The main purpose of this paper is to present a new framework for designing PMU filtering algorithms capable of meeting or exceeding the WECC/NASPI requirements, while achieving an optimum transient response time. To this end, an adaptive complex bandpass filter derived from the exponentially modulated filter bank theory has been devised. It is built from freely chosen low-pass filter prototypes that fulfill the WECC requirements. The static and dynamic performances of two specific schemes dedicated to control and monitoring with 4-and 7-cycle response-time, respectively, are ascertained under noisy waveforms and changing harmonics with system frequency varying from 40 to 80 Hz. The center-frequency adaptation approach is shown to be intrinsically superior to the frequency compensation scheme, especially under fast varying frequency and changing harmonics.Index Terms-Adaptive complex bandpass filtering, changing harmonics, frequency estimation, phasor measurement unit (PMU), power system oscillations, synchrophasor, wide-area measurement systems (WAMS), wide-area protection and control (WAPC).