The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Vol. 16 No. 36 Des Moines, Iowa December 21,1987 • Conference OKs Secondary Ag Market F T E R a week or more of discus sions and horse-trading, mem bers of the House-Senate conference committee studying their two bills for a Farm Credit System bailout, completed their work on December 16. Their compromise bill was re turned to the two bodies for final approval, which was expected by last weekend, before it goes to the White House where Presidential signature is believed to be assured. In addition to providing up to $4 billion in funds to FCS to alleviate its severe fin an cial problem s brought on by the past several years of reverses in the agricultural busi ness, the committee ordered FCS to reorganize, as well as providing for various borrowers rights and protec tion in restructuring of loans. Of importance to commercial banks is approval of the two bills’ provision for creation of a secondary market for long-term farm real estate loans. The final version is much like the earlier announced bills. There is a $1.5 billion backup Une of credit with the Treasury. The secondary market will be operated by FCS but with equal access guaranteed for banks and Ufe insurance companies. The board of directors for the new corporation will be composed of rep resentatives from the FCS, banks, life companies, the general pubUc and the Administration. The conference committee agreed A a £ £ # # # • with Rep. Fernand S t Germain (D., R.I.) that the secondary market is to be used only for borrowers who are actively engaged in or will remain in farming. Rep. John Dingle (D., Mich.), chairman of the Energy and Com merce Committees, demanded the securities be subject, through the Securities Exchange Commission, to the same federal regulations as cor porate securities, rather than be sold as government agency securities. In its comment on that portion of the conference agreement, the American Bankers Association said in a brief statement, “A BA hopes that the cost of that requirement is not so great that farmers and ranchers must pay higher interest rates.” An ticipating that possibihty, confer ence members pledged to re-study that clause if SEC regulations place added costs on the secondary mar ket. The final bill also adopted the loan caps outhned earher for the first three years of the secondary market. Those caps impose a 2% Ud the first year, based on outstanding farm debt, which would mean a lend ing Hmit of about $1.6 bilhon; 4% or $3.2 billion the second year, and 8% or $6.4 billion the third year. After that time period, there would not be a cap on annual loan volume. In its brief statement, the ABA said, “ The A BA is extremely pleased that there is a secondary market for agricultural real estate loans in the FCS assistance legisla tion approved by the House-Senate conference committee. The structure of the secondary market contained in the legislation is very workable and desirable for agricultural lend ers and their customers. A BA has worked hard for the creation of a secondary market since 1981 when bankers identified the need for a source of long-term, fixed-rate fi nancing for the nation’s farmers and ranchers.” The IB A A ’s statement was equal ly positive. It said: “The Farmer Mac secondary market should prove workable and highly beneficial to agricultural banks and their farm customers. Smaller banks will origi nate and sell farm mortgages with out recourse, and may retain the ser vicing on those loans. Using this market, ag banks will be able to ex pand their lending capacity to farm ers to include both operating credit and real estate financing for farm land. We are especially pleased that this new market is restricted to real estate mortgages only and does not include farm production or inter mediate loans.” Passage of this legislation creat ing a secondary market culminates six years of hard work by the ABA leadership. They were joined by the Independent Bankers Association of America in a joint Task Force Study of Agriculture, which body con firmed the need for the secondary l F irs t In te rs ta te Bank We’re setting the pace, 1 800 362-1615 - J e ff S im s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Correspondent Services - S tu a rt Becker Correspondent Services 2 CEO N. Iowa bank. Ownership potential. Good town. $40-$50,000. CONTROLLER Seek person w ith bank controller and operations ex perience. N. III. $30-$40,000. aqri c a r e r s , inc . _ J AG BAN KING PERSONNEL SPECIALISTS Marty 712/779-3567 Masseria, IA 50853 Annetta 515/394-5827 New Hampton, IA 50659 market. The two banker associa tions then were joined by life insur ance companies to work together for Title I I I in the House Bill and Title V II in the Senate bill that created the secondary market. It will pro bably take a year of organizing before the first loan can be pro cessed through the new corporation. □ Midwest Assns. Study Economic Development Leaders from several upper mid west state banker associations met at the Red Lion in Omaha last Thursday to exchange ideas on how they can promote economic develop ment in their states. Several states— Minnesota, Wisconsin and Nebras Terry Martin MNB Correspondent Banker Together We Can Accomplish Great Things Call 319-398-4320 or toll free 1-800-332-5991 Strength of \ Eastern J |ow a_^j Merchants National Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ka, for example—have active pro solvent. First Interstate had earlier grams in which their associations improved its security on previous promote directly or cooperate with loans made to the Burchette family state government in economic by collateralizing about $4 million in development. farm land the family owned. The de Taking part in last week’s meet partment maintains the previous ing hosted by Stan Matzke, execu owners conspired with First Intertive vice president of the Nebraska state in the transfer of assets to the Bankers Association, were these detriment of borrowers. District state leaders: Court Judge Phillip R. Collett ruled in Ottumwa that First Interstate’s N e b ra sk a —N B A P re s. Don Blaha, Pres.-Elect Harley Berg- position was “more consistent with meyer, Past Pres. Kelly Holthus and generally recognized business methods than fraudulent transfers.” Mr. Matzke. The property in question declined in Iowa—IB A Exec. Vice Pres. Neil value since the bank failure to its Milner. Minnesota—M BA 1st V.P. Wil present $3 million level. liam Sands, Exec. V.P. Truman Je f CLIM BING H ILL: Attorneys for Toy National Bank in Sioux City fers and Ron Johnson. Colorado—CBA Exec. V.P. Don have filed suit in Woodbury County District Court in Sioux City against Childears. shareholders of Climbing Hill BancKansas—K B A ’s Jim Maag. shares, Inc., who signed a $490,000 Indiana—Bill King. promissory note with Toy to acquire Michigan—Richard Buss. the Climbing Hill Savings Bank. Iowa News Toy National attorneys stated that The Iowa Department of Banking the loan was in default four months has appealed to the Iowa Supreme ago. Climbing Hill Savings Bank, as Court the recent Wapello County reported last week, was closed De District Court ruling that gave First cember 3 by Iowa Superintendent of Interstate Bank of Des Moines pos Banking Edward L. Tubbs when session of more than $3 million in examiners declared the bank insol property acquired by the bank from vent. Four other banks in Nebraska Exchange Bank of Bloomfield, in which there was common owner which failed in September, 1983. ship by Nebraska investors were The private bank was not subject to closed the same day. The lawsuit, state regulation until its owners, the filed September 21, is set for a sum Burchette family of Bloomfield and mary judgment December 21. Des Moines, asked for department Defendants in the suit are listed help. By that time the bank was in as Robert E . Myers, Bradley Mer- t's easier to talk Iowa banking with people who live it — people like Donald H. Jordahl and the cor respondent staff at Bankers Trust. I C all 1-800-362-1688 or 515/245-2424. ill Bankers Trust Des Moines, IA Donald H. Jordahl M em ber FD IC Vice Presiden t £ £ % # Some special candidates from Robert Half's Banking Division Portiol list of available Banking candidates. AG LENDER. Community bank lender has seen all sides of rural banks. Seeks small town bank that can use an exceptional ag professional with three + years behind them. Currently overseeing lending in $ 20m institution, truly looking for opportunity not money or title. $24K RETAIL LENDER. Tired of working with average employees? Take a look at an exceptional individual, two + years lending in top performing city bank handling consumer, commercial and real estate loans. Not run of the mill lender, this individual can make things happen! Works well with affluent customers and man on the street. $22K CEO. Small town banker, big time producer! Proven professional seeks 2K or smaller community that has progressive owner ship for new challenge. Has wealth of knowledge in all areas of banking including investments gained through last 2 years running 18M bank. $38K OPERATIONS/AG. Hardworking, dedicated operations person who has both ag skills and operations experience of 10 years plus in $25M bank. Looking for new direction into senior management or larger bank. Country smarts, city image. $33K SR LOAN OFFICER. Tireless performer has overseen all lending in prosperous $42M bank looking to move ahead. Sea soned manager currently has $16M portfolio that covers all aspects of community banking. Degreed, several banking schools. $43 K CASHIER. Efficiency expert! Has worked all over the bank to lower costs and increase profit. Dead-end in current position due to lack of opportunity, ready to move ahead. $27K CREDIT ANALYST. Outstanding credentials. Broad range financial background that includes 2 + years in loan review and analysis. Trained in holding co. environment and currently working with the latest software available. $22K REAL ESTATE LENDER. Creative thinker who has 7 + years of lending in fast paced metro market. Portfolio grew 40% over last 2 years. Excellent business developer, strong technical skills and super personality. $32K BR MGR. Astute, goal-oriented professional can bring an average branch into high profit. Strong class-selling skills, good motivator has 10 years of experience in lending area. Very aggressive and professional. $43K CONSUMER LOAN OFFICER. Turns ideas into action! Three + years of consumer and compliance work in community bank. Degreed, cash flow lender, top performer in very competitive environment. $25K AG V.P. Hold co. trained in all areas of ag lending and superb solving skills. This aggressive individual has absorbed as much as possible while cleaning up $10M portfolio cutting charge offs in half. Enjoys challenge and ready to move ahead. $35K CONTROLLER. CPA/CIA with 5 + years banking holding co experience desires to move into bank management. Strong S/Auditor with excellent experience in Bank Regulations. Personable individual who works well with all departments. $36K PROGRAMMER ANALYST. Six years progressive experience in Banking service bureau using Burroughs/Unisys med. systems. Very comfortable with a wide range of loan systems including mortgage, commercial and installment. $20K AG LENDER. Are you looking for a well trained ag lender who can do it all? Hire an up and coming performer with of ag lending, 4 year degree and experience plus with FmHA loans. Won’t be looking long. 6+ years $27K CONSUMER LENDER. Proven lender skilled in working with consumer, real estate and small comm’l loans desires new opportunity. Self disciplined self starter has worked with all types of borrowers over the past 5 years. $24K https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PARTIAL LISTING OF AVAILABLE BANKING CANDIDATES COMMERCIAL LENDER. Are you tired of hearing aboutpeople whowant commercial lending exp? Talk to someone who ^ has it! Currently handling a commercial portfolioof $12m in a largemetro bank, this well-trained banker has the image and w drive you’re looking for. $40K CEO. Is your quality rural bank looking for someone who understands borrowers’ needs yet accomplishes bank’s goals? 10+ year banker with strong operations and lending background developed in $10-30m bank environment. Looking for committed community bank to grow with and prosper. $30K q INVESTMENT OFFICER. Holding company training, diverse experience in trust, lending etc. Set up Asset/liability manage ment committee for portfolio of $200m + . Fantastic image, strong analytical skills, graduate school of banking. $50K SENIOR PROGRAMMER. MBA from Drake. Six + years industry background in both insurance and banking environ- ^ ments. Very familiar with MSA software packages. Very detail oriented. $34K PRESIDENT. Looking for someone who can increase profit and maximize employee potential? Here is a no nonsense ag manager who can run with the ball. Over 15 years of community bank service, very active in both social and professional * circles. $43K TRUST OFFICER. CPA. Self starter has spent last-4 years in $30m + bank handling all varieties of trust. Well experienced in personal trust, estate planning and personal trust work. Very polished, exceptional tax skills as well. Spent first two years in public accounting and last two in bank. $30K 9 EXECUTIVE VP. Can your bank be performing better? This hard charging lender is the one who can do it for you. Tremen dous worker, currently #2 in a bank returning 1 + on assets. One person can make a difference. $42K OPERATIONS. Dedicated operations person who has spent 7 + years working in strong financial institution. Supervised # teller lines, oversaw controllership duties and sat on loan review committee. Team player who works best in a support role, strong computer skills. $38K VP or AG. Top notch lender who makes things happen available for new opportunity. Four + years in holding co. bank handling farm visits, problem credit, cash flows and guaranteed loans. Looking for $35m + bank that seeks self starter. $35K # PRESIDENT. One of the best managers and commercial lenders in the 200m + Midwest can become a part of your team. Innovative leader who has taken a mediocre bank and moved it into high profit. One + years in Metro banking who can deal with even the most sophisticated credits. $65K • COMMERCIAL LENDER. Would your commercial dept, like to increase its loan portfolio at the lowest cost? Aggressive, well trained commercial lender seeks fresh challenges after three years of beating the streets. RMA Omega training and both small and large credit work makes this individual ready to hit the pavement running. $29K FOR FURTHER INFORMATION ON THESE CANDIDATES CONTACT KURT ROSENCRANTS 1 ® 317-6TH AVENUE, STE. 650 DES MOINES, IA 50309 (515) 244-4414 WORLD’S LARGEST BANKING, ACCOUNTING, AND EDP PLACEMENT SPECIALISTS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis WE ALSO HAVE TEMPORARY BANKING PROFESSIONALS FirsTier. C orrespondent S ervices mmm ismam a a y ift More of what it takes to serve you well. ¡ggggsa& FirsTier, B an ks Lincoln FirsTier Bank, N.A., Lincoln and FirsTier Bank, N.A., Omaha, Members FDIC chant, Milton Peterson III, Stephan G. Sheppard, Paul N. Fechner, Timothy M. Brennan, all of Omaha, ^ n d Paul C. Merchant of Norfolk. The bank was purchased by Climbing Hill Bancshares, Inc. in 1982 when Timothy M. Brennan headed the holding company. A t a Stockholders meeting in September, according to the Iowa department of banking, Mr. Brennan no longer was listed as a stockholder at Climbing -Hill. However, Nebraska officials id en tified Mr. Brennan with others as stockholders in the four Nebraska banks that were closed December 3. D ES M OINES: Norwest Corpora t i o n has announced that Richard J . Brinkman has been named chairman and CEO of its consumer finance unit, Norwest Financial, Inc., and David C. Wood will succeed him as •president. Mr. Wood, also named COO, currently is senior vice presi dent and secretary of Norwest Fi nancial. Both promotions are effec tive January 1, when Richard S. •Levitt retires as vice chairman and COO of the specialized financial group of Norwest Corporation and as chairman of Norwest Financial. Mr. Levitt will continue to serve on •the board of directors of Norwest Corporation. Nebraska News The Nebraska Bankers Associa tio n Executive Council has voted 20-2 to adopt a neutral stand on sponsorship of an interstate bank ing bill. Council members felt that in view of the recent 51 (no) to 49 (yes) ^membership vote on the subject that they couldn’t continue an of ficial position of opposition as in pre vious years. • Omaha "Professional assistance in hiring and career advancement" BANKING careers quality service by experienced professionals 525 Merle Hay Tower Des Moines, Iowa 50310 515-276-1151 Sandi Garner 515-832-1258 Tues / Wed / Fri Jean Eden 515-276-1151 Confidential. Fees Paid by Employer. LB 375 is the interstate hanking bill from the 1987 session that is on select file and bracketed until Janu ary 15, 1988, for floor debate. The NBA Executive Council said it will still try to take part in the drafting of amendments to this regional reci procal bill, since it has sections of concern to the banking industry. That bill has Missouri and Minne sota included for reciprocity; how ever, neither of those states has Nebraska included in their current list of reciprocal states. Minnesota News M INNEAPOLIS: Norwest Corpora tion has named John A. Sikkink senior vice president and manager of a project developing an automated data, transaction and information system for large financial institu tions. Mr. Sikking is manager of Norwest Technical Services Sales & M arketing. He succeeds Je rry Hayes, who has left Norwest. The development project, called “Sys tem for the 90s,” is a joint venture of Bank One, Columbus, Oh., and Electronic Data Systems, Inc., a subsidiary of General Motors Corp., Dallas. South Dakota News The South Dakota Bankers Asso ciation and the American Bankers Association will co-sponsor the fourth annual “Bank Compliance Symposium” on February 4. This video teleconference will be held at the Ramkota Inn, Sioux Falls. Key note speaker will be Senator Chris topher J . Dodd (D-CT.), chairman of the Subcommittee on Consumer Af fairs. Registration will be at 9:30 a.m., program from 10:00 to noon, and lunch from 1:00 to 3:30. Cost is $125. Contact the SD BA to register. To: Bank President... We can find that key person your bank needs through our na tional network of bank recruiters. Call Us! □avid L. Hansen, CCP HAMILTON ASSOCIATES 100 Court Ave., Suite 306 Des Moines, Iowa 5G309 515/282-0221 COUNTONIt Count on Com m erce for superior capabilities and personal attention to your correspondent banking needs. A com bination we’ve upheld for m ore than 120 years. G ive us a call. 1- 800- 892-7100 1- 800- 821-2182 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (Outside Missouri) i» t Commerce Bank o f Kansas City 3 4 POSITION AVAILABLE $150MM + Bank located in Metro area seeks SENIOR LENDER to oversee the entire lending function. Looking for that aggressive and analytical leader. Send resume to File No. WKY c/o Northwestern Banker. (PA) COMMERCIAL LOAN OFFICER—$300MM bank. Iowa. Requires 2-5 years commercial lending experience & formal training in same. $25-$32,000. Contact File No. WLK c/o Northwestern Banker. (PA) President N.E. Iowa bank of $18MM needs experienced CEO. Must be able to work independently. Salary open. Send resume to File No. WLM c/o Northwestern Banker. _________________________________________________________________ CPA) MARKETING & LENDING. 3-5 years experience. Salary negotiable. Send resume to ELC, Box 1276, Columbus, NE 68601. (PA) AG LOAN OFFICER. $17MM Illinois bank seeks ag lending officer. Requires 2-5 yrs. experience in all phases of ag lending, including documentation, cash flows & workouts. Salary commensurate w ith experience. Contact File No. WLN c/o Northwestern Banker. (PA) ASSISTANT CONTROLLER. Growing profitable organiza tion has a newly created position. A bachelor’s degree in accounting is required. Must be a CPA or working toward CPA status. Ideal candidate would have 1-2 yrs. auditing experience w ith a public accounting firm w ith exposure to income taxes & Lotus 123. Banking experience helpful but not necessary. Send resume w ith salary requirements to: National Bank of Waterloo, 100 E. Park Avenue, Waterloo, IA 50704, Attn.: Personnel Dept. EOE/M-F. (PA) SENIOR LOAN OFFICER w ith experience in commercial real estate and SBA loans. College community. Send resume to File No. WLT c/o Northwestern Banker. (PA) Progressive, $50MM, ag-oriented bank in Northwest Mis souri has immediate opening fo r a self motivated LOAN OFFICER w ith good knowledge of banking. Opportunity for advancement. Our problems are behind us and bank is very profitable. Excellent benefits. Salary commensurate with experience. All replies strictly confidential. Send resume and salary requirement to File No. WLS c/o North western Banker. (PA) AG/COMM. LOAN OFFICER. 3-5 yrs. experience in ag lend ing and general banking. Western Neb. bank. Send resume to File No. WLU c/o Northwestern Banker. (PA) POSITIONS AVAILABLE* FOR SALE PORTABLE BANK BUILDING. 14’ x 65' w ith Mosler vault & drive-up equipment + m iscellaneous other equipment. Contact Wilton Savings Bank, Wilton, IA (319) 732-2077. (FS) 775 proof/encoder, single pocket PROOF MACHINE. Call Russell Spearman at (712) 662-4755. (FS) Dwayne Smith Banking, Insurance and Leasing Specialist (515)224-0830 SALES CONSULTANTS 1501 50th Street #210 West Des Moines, IA 50265 BANKERS AVAILABLE CONSUMER LOAN OFFICER How would you like to be running a dept, in 2 years? KC area bank seeks 3 + year consumer lender. Degree a must. $24K. PRESIDENT Ready to move up and be recognized as a leader in your field? One of the midwests finest financial institutions seeks 5-8 year manager who has strong large credit comm’l lending experience and leadership skills. $58K. COL. GORDON E. TAYLOR B o x 9 4 9 - M a s o n C ity , la . 5 0401 5 1 5 /4 2 3 -5 2 4 2 P r o fe s s io n a l A u c tio n e e r R e a l E s ta te B ro k e r ■KM I W s Ê iÊ r jy a n d A p p r a is e r Paul W . O la n d e r C o m p any Bank Stock Appraisals and Loan Reviews 1073 Plummer Lane S.W. Rochester, MN 55902 (507) 285-9271 317 6th Ave, Ste. 650 Des Moines, IA 50309 (515) 244-4414 ALL FEES COMPANY PAID #9 Employer pays fee. Please contact Lorraine Lear or Malcolm Freeland con cerning these and other Midwest banking opportunities. POSITIONS AVAILABLE Ready for a new challenge? A dom inant midwest t r u s t ^ company seeks a corporate trust mgr w ith 7 + yrs exp. You w ill direct a sta ff of 10 while overseeing the day to day details of a busy corporate trust area. Excellent national visibility. To $55K. Job#NW2655 V.P. CORPORATE LENDER Are you interested in Minneapolis? A major D.T. M in n e a -A polls bank seeks a mid market com ’l lender. You w ill dealw exclusively w ith clients w ith sales of $5,000,000 or greater. Super career pathing! Must be degreed w ith 5 + yrs com’l lending exp. To$50K. Job#NW2656 SENIOR LENDER - AG BANK Tired of the same old thing? Do your talents deserve — greater challenges? $30mm S.E. Minnesota bank seeks s e - V nior lender to oversee all lending activities. Must have 5 + yrs ag/com’l lending exp. Degree not necessary. To$35K. Job #NW2657 AG LOAN OFFICER $20MM bank in southeastern Minn, has immediate opening for the above position. An excellent opportu nity for candidate w ith 3-5 yrs. lending experience & a 4 yr. ag related degree. Some additional duties in comm’l, real estate & consumer lending as well as general bank management operations w ith cashier ex perience a + . Salary commensurate w ith experience & training. Send resume to File No. WLQ c/o North western Banker. FOR MORE INFORMATION CONTACT PAUL GENTZKOW OR JAN PETERS :j||ROBERT HALF 3636 IDS Center Minneapolis, MN 55402 (612) 339-9001 ALL FEES COMPANY PAID RYAN AUCTION CO., INC. Decorah, Iowa 52101 Farm Equipment Specialist Appraisals & Auctions Call Dale Ryan 319-382-8648 # POSITIONS AVAILABLE TRUST MARKETING ■ large urban bank. Requires degree and trust experience. $35K REAL ESTATE LOAN ■single fam ily residential and secon-W dary market experience required. Proximity of major metro area. $40K LOAN REVIEW ■ large bank experienced required. Both junior and senior level positions available. $28-$40K COMMERCIAL LENDING - V.P. positions in urban and large suburban banks. Personal portfolios from $20MM to a $50MM. $40K™ FOR FURTHER INFORMATION CONTACT KURT ROSENCRANTS RODERT HALF Financial Careers, Inc. Two Ruan Center/Suite 1000, Des Moines, IA 50309 515/245-3786 CORPORATE TRUST ■SECTION MANAGER^ VP OPERATIONS Tremendous Oppty! Remarkable bank in excellent loca tion seeks proven operations office r who has strong acctg background for $100m+ bank. $40K. OF NHMA.MC. COMMERCIAL LENDER— Polished professional w ith for mal credit training and proven leadership ability. Will supervise and direct 3 loan officers in a large commercial department of a metro bank.................................To $50,000. FOR SALE BR. ADMIN. Can you run a bank? Do you have 8 + years lending includ ing retail and comm’l? Tremendous oppty for executive level banker. $50K. AG LOAN OFFICER Don’t be Just another ag lender, come be a part of a win ning team! $60m + bank has opening for a VP level lender who has been in ag bank lending for 3 + years. $30K. TRUST OFFICER—W ill supervise and direct the Employee Benefits department of a large Trust division. JD preferred but not required..................................................... To $40,000A RECONDITIONED BRANDT Coin Sorters-Counters BRANDT Currency Counters New Warranty 402-571-5577 POSITION WANTED CEO/MANAGEMENT position by experienced CEO, mid size bank. Strong in bank adm inistration, loan function & marketing. Graduate of advanced banking schools. Con ta ct File No. WLC c/o Northwestern Banker. (PW) AG LOAN OFFICER—Community bank needs an aggres sive, promotable lender who has the desire to move up. Degree plus excellent people skills................... To $30,000. Serving bankers quietly and efficiently. CAPITAL PERSONNEL SERVICE 714 First Interstate Bank Building Des Moines, Iowa 50309 515-283-2545 BRANCH MANAGER - handle small business and con sumer credits. Med-size com m unity a ffiliate of multibank holding company. $24K Additional listings for commercial lending and trust officers. Resume’ requested. TOM HAGAN & ASSOCIATES # P.O. Box 12346/2024 Swift North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 16 No. 36 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 1535 Linden ® Street, Suite 201, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $24.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts to Northwestern Banker, 1535 Linden https://fraser.stlouisfed.org St., Bank #201,ofDes Moines, Iowa 50309. Federal Reserve St. Louis
@FedFRASER