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IB A and A M B I Seek U nity N 1973, differences over multi bank h old in g com pany and branch banking structure in Illinois led to a splintering of the Illinois Bankers Association and the forma tion of a second trade association, Association for M odem Banking in Illinois. Currently A M B I has 285 members, which reportedly repre sent over 80% of the state’s banking assets, and the IB A represents over 1,009 member banks. With the pass ing of recent legislation, these mat ters are no longer major issues and the IB A and A M B I leadership agree that a merger into one statewide as sociation is desirable and necessary. A M B I Chairman Walter Lohman, chairman o f the First National Bank of Springfield, stated, “ The issue of merger has considerable urgency now. The IB A and A M B I are initi ating costly, permanent programs to serve their membership and as these proliferate over time it will be in creasingly difficult, if not impossi ble, to ever merge the associations.” IB A President James Fitch, presi dent o f South Chicago Savings Bank, stated, “ We have supported the reunification of the industry since 1973. We believe our members want reunification. We hope that AM BI will accept negotiation with an open mind.” The agreement on the necessity to unite does not mean the road to a ne gotiated merger will be an easy one. I Indeed the contents o f the ground rules for negotiation from the two groups present some sizable stumbl ing blocks. A M B I’s resolution calls for a “ Unity Commission” to be chaired by William Harris, Illinois Commissioner o f Banks and Trust Companies. The committee would include four voting members from each association and the members would not be officeholders in the associations. A M B I further resolves that the work of commission should be completed by September 1,1982, and calls for the associations to be bound to the agreements reached by mined on the basis o f one bank — one vote, rather than representation being determined in any way by asset size. It further calls for the of ficers of the association to be elected by the membership rather than the governing board. Finally the IB A resolution states the ultim ate merger o f the existing associations be approved by the membership of each association. Newly elected IB A First Vice President Ken Skopec, president of the Mid-City National Bank o f Chi cago, says the “ pride o f authorship” the commission. A B M I President of the new association would have to Jim W att stressed that it would be be ignored for the merger talks to be essential to begin the, merger talks successful. He called for the AM BI with a “ clean slate and no precon and IB A leadership to meet with ceived ideas on the structure of the open minds. IB A President-Elect new association should be brought Don Lovett, chairman and president to the negotiating table.” The of Dixon National Bank, added that resolution approved by the IB A a new association should be mem membership ceills for the leadership bership oriented with the bank of IB A “ to provide any necessary members and elected officers, not a and appropriate vehicle to effect a governing board, responsible for the policy leading to one, strong state association’s management. banking association to better serve Appearing before the membership the needs of the 1,400 banks in Il of both associations during their re linois.” The resolution calls for cent annual meetings, Illinois G ov association membership to be deter ernor James Thompson urged the ASK JOHN MANGOLD to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis is i A BANKS OF IOWA' BANK czHoCcLx a n d ¿ ¿ h io a L a tz s , Gany Frandson IO W A . | eamwork: O n e of the reasons we’re first in Iowa. D^Mwnes Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal Anna Belle Sheets Investm ent Services An Affiliate of Northwest Bancorporation D M W a J® Mem ber FDIC bankers to unite immediately. He challenged that “ a strong, single voice within the industry is needed for the continued growth of pro g re s s iv e , m odern b a n k in g in Illinois.” Echoing the governor’s concerns, Commissioner of Banks and Trust Companies Bill Harris pledged his effort and support to as sist with the merger. He told both groups that the existence of two associations is not only wasteful but also “ abusive of a policy developer’s time.” He also accused both groups of being guilty of “ false starts” in taking credit for initiating the unity talks and said, “ Fine, you guys are now even and now the talks should start with a clean slate.” A t the time this article was being written, A M B I President Jim Watt had not seen a copy of the IB A reso lution. He said the IB A president had telephoned the AM BI chairman notifying him of the mandate passed by the IB A membership. Mr. Watt stated he was disappointed in some of the conditions in the IB A resolu- B a n k e rs ^ Service LOAN ACTIVITY BULLETIN names of all debtors in the county recorded during the period name of secured party the date the loan was filed with the Secretary of State location where loan made FASTsenwce Call (515) 245-3131 or toll-free (800) 362-2514 tion, but hopes that it would now be possible for the leadership of IB A and AM BI to sit down and develop some ground rules for the merger talks and to get them underway. □ Iowa News The Iowa Independent Bankers have announced the addition of Silas Keehn, president of the Federal Re serve Bank of Chicago, and Richard Threlkeld, national correspondent for ABC Network News, New York, as speakers at the I IB annual con vention July 22-24 at Okoboji. C E D A R R A P ID S : R ob ert H. O ’Meara has been promoted to ex ecutive vice president of Merchants National Bank, along with Dennis R. Haines and John R. Taylor, who were both promoted to vice presi dent status. Mr. O ’Meara has been with the bank since 1961, most re cently as senior vice president in charge of the loaning function. Mr. Haines handles the bank’s invest ment portfolio and Mr. Taylor oper ates the check processing center. COUNCIL BLUFFS: Bruce E. Cra mer has been elected vice president and commercial loan officer of First National Bank. He has been in bank ing the past nine years, serving as a commercial banking officer with the Omaha National Bank, Neb., prior to joining First National. DYERSVILLE: Dale R. Luckow, president of Dyersville National Bank, & Associates of Dyersville have purchased M echanicsville Bancshares, Inc., which owns 87% of the stock of Mechanicsville Trust & Savings Bank, from Vaughn and Bernice Hartzell. Mr. Hartzell has served as president of the bank the past 17 years. The purchase is sub ject to regulatory approval. FARLEY: Funeral services were held June 7 for John A. Schrandt, director and vice president of the Farley State Bank. Mr. Schrandt first became a director with the bank in 1954 and has served as vice president since 1971. OCHEYEDAN: With the approval of the Federal Reserve Bank of Chi cago, Ocheyedan Bancorporation re cently completed the purchase of over 90% of the common stock of the Ocheyedan Savings Bank. There were no changes in bank manage ment. Principal stockholders of Ocheyedan Bancorporation are C.E. Spengler, Stephen J. Spengler and Paul R. Dorr. Nebraska News O M AH A: Donald R. Larson recent ly was appointed regional marketing representative for First National Bank of Omaha, working from the bank’s Lincoln office. He previously was serving as vice president in the commercial loan division of a Lin coln bank. SOUTH SIOUX CITY: Jack Soren sen, vice president of the Dakota County State Bank, has been elected executive vice president and to the bank’s board of directors. He suc ceeds Bernie Moore, who will stay on as an officer in an advisory Single System Banking With Availability Availability of funds. . . availability of people. . . responsive to your needs. National Bank of Waterloo https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Waterloo, Iowa 50704 Member FDIC I \ Phone Max Cory at 1-800-772-2411. Supplement to Northwestern Banker Newsletter 6-14-82 Carleton D . Beh Company Investment Bankers / Financial Consultants 1300 Des Moines Building / Des Moines, Iowa 50309 5 1 5 /2 8 8 -2 15 2 NEW ISSUE MOODY’S: A We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $1,100,000 WEBSTER CITY, IOWA Sewer Revenue Bonds, Series 1982 DATED: May 1,1982 DENOMINATION: $5,000 Both principal and semiannual interest (May 1 and November 1; first coupon due November 1, 1982) payable at the office of the City Treasurer, Webster City, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES 1 1 1/4 % $ 40,000 55,000 60,000 65,000 75,000 80,000 90,000 May 1, 1983 May 1, 1984 May 1,1985 May 1, 1986 May 1, 1987 May 1,1988 May 1,1989 8.40 8.70 9.00 9.30 9.60 9.90 10.20 $100,000 115,000 $125,000 103/4% May 1, 1990 May 1, 1991 11% May 1, 1992 10.50 10.75 11.00 1 1 1/4 % $140,000 $155,000 May 1, 1993 111/2% May 1, 1994 11.25 11.50 ‘ Bonds numbered 114 to 220, inclusive, maturing in 1991-1994, inclusive callable for redemption in inverse order be< May 1, iyyu or any interest payment date thereafter, at 101.5% declining to par. LEGALITY TO BE APPROVED BY BELIN, HARRIS, HELMICK & HEARTNEY ATTORNEYS DES MOINES, IOWA Cltyl-the f ounty seat of Hamilton County, is located in central Iowa 70 miles north of Des Moines. The City was chosen as trallinrPrantp r H i - i o r n ! i t r l n c 0 Pe several years ago as the typical, prosperous community. It serves as the principal manufacturing and trading center for Hamilton County and the surrounding area. The City is surrounded by farmland which ranks as the fourth highest in value per fna a i e L S ?■! ^ 5 '° Wa (compiled by lowa State University in 1980) and ranks among the top agricultural prodScmg areas in the State. In addition, the City has become an important livestock marketing area recently with the completion of one of the most r p S m S exchanges in the Midwest Daily capacity of the exchange is 10,000 head. The City owns and successfully operates an ex cellent municipal electric light and power system, sewage treatment system and waterworks plant and system. Some of the larqer industries in inr^Pr^ T f erJ ' Xy udHe: W a s te r City Products Co., Division of White Consolidated Industries (washers, dryers, dishwashers); Nissen Pack(beef and pork products), Hahne Printing Co. (commercial printing, magazines and catalogs); Arrow-Acme Corp. (die castings and ma8h n7end, P nanrntSk and M° d?m Fa;m+ Systems (grain storing and drying bins). Webster City has two Commercial banks with deposits exceeding q>oo,703,000. The current population is estimated at 8,572. a ISSiU.??-*t0 pr^ Vlde ! un? s.to ,refund outstanding sewer revenue pledge orders issued as payment for the construction of im provements to the Sewer Utility and for technical services incurred in connection with that improvement. Gross Revenue Expenses Net Revenues PROJECTED EARNINGS STATEMENT 1983 1984 $449,500 $462,250 188,700 198,150 $260,800 $264,100 Average principal and interest Coverage of average requirement COVERAGES (Based on projected average earnings) $172,053 Maximum principal and interest 1-54X Coverage of maximum requirement 1985 $475,400 208,000 $267,400 : ' w n w m e u nerem is noi guaranteed, dux is aerivea from sources we deem reliable and Is that on which our purchase of these bonds an Bonds of a particular maturity may or may not s till be available or may now be available at a price or yield different from that indicated above. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Division of EHutton & Company Inc. 1986 $488,950 218,400 $270,550 $174,687 1.52X https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 6-14-82 Now Available N E W 1982 E D IT IO N S Send me. copies of the 1982 edition of the IOWA Bank Directory at $10.00 per copy. Nebraska — Over 200 pages. Iowa — Over 300 pages. Send me_________copies of the 1982 edition of the NEBRASKA Bank Directory at $6.00 per copy. O ur c h e c k is e n c lo s e d fo r $_________________ (la. & N eb. ad d 3 % s ta te tax) C om pany N am e. Orders shipped by return mail O ffic e r N a m e __ P.O. Box or S tre e t A d d re s s . C ity and S ta te . .Z ip P hone ________ Area Code https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NORTHWESTERN BANKER 3 0 6-15th St. D es M o in es , Io w a 5 0 30 9 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CALL ON TH E “PERFORMANCE TEAMI” where com m on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C Illinois News W ORLAND: Affiliated Bank Cor poration of W yoming and Don C. Davis and Robert L. Anderson, ma Purchase o f jor shareholders in Stockgrowers Collections State Bank, jointly announced an agreement in principle for acquisi Sale o f Rare Coins tion of Stockgrowers State Bank by Reliable and respected service Affiliated. Under the agreement in for over 20 years principle, Affiliated will acquire all of the shares of Stockgrowers State Used by bankers throughout the midwest Bank Co., Inc., which owns 94% of North Dakota News Stockgrowers State Bank, for a com FARG O : George W. Schwartz, Ben E . Marlenee bination of cash, stock o f Affiliated president of First National Bank of and assumption of debt of the StockFargo, has announced the appoint Coins growers State Bank Co., Inc. The ac ment of Ron Braseth as vice presi 913 Locust quisition will be contingent on the dent, agricultural loans/corresponDes Moines, Iowa 50309 execution of a definitive agreement dent banking and Gregg Sorensen, 515-243-8064 and other conditions, including ap vice president, retail banking. Mr. capacity until August, when he will Braseth joined the bank in 1976 as proval by the Federal Reserve Board. resign to take another position. agricultural loan officer. Mr. Sor ensen started in 1977 in the instal Minnesota News Montana News ment loans and real estate depart BRAIN ERD : Gordon E. Winzen- ments. LEWISTOWN: John M. Carlson burg has recently joined Citizens will be named executive vice presi State Bank as vice president in the dent and managing officer of Mid Wyoming News commercial loan department. He as state Bank of Montana, effective sumes the loan department respon K EM M ERER: Jerry Greenfield, June 21. Joseph J. Friend will con sibilities of Tom Welle, who has ac formerly vice president at First tinue as chairman of the board and cepted the position of president at Wyoming Bank, recently accepted a president of Midstate Bank. Mr. International State Bank, Interna position as president and chief ex Carlson began his banking career in tional Falls. Prior to moving to ecutive officer at another Kemmerer 1978 with First National Bank in Brainerd, Mr. Winzenburg was a bank, Fossil Butte National Bank, Lewistown as a loan officer. vice president at the Princeton State which was recently purchased by A f filiated Bank Corporation. Mr. Green MISSOULA: George E. Nygaard Bank. field had been with First Wyoming has been promoted to vice president SHAKOPEE: Funeral services were Bank seven years. and senior commercial loan officer, recently held for F.A. Wieland, 70, a director and former president and LANDER: Paul F. Phillips has been second officer in the bank and sec chairman o f First National Bank of promoted to the position of presi retary to the board. Shakopee. Mr. Wieland joined the dent and chief executive officer of bank in the early 1930s and was a Yellowstone State Bank. Mr. Phil SERVING PROFESSIONALLY third generation Shakopee banker. lips, who has been an officer of the Banking, Financial & Business He was elected president in 1963, ac bank since joining it in February, Personnel, Iowa and Nationwide tively serving as chairman the last will succeed Orval F. Little, who has Capital Personnel Service several years until his retirement in been named president of Central 714U.C.B. B u ild in g ,515-283-2545 April, 1981. Des Moines, Iowa 50309 Wyoming Bank of Riverton. Estate Appraisals CHICAGO: Robert D. Gecht was elected president of Albany Bank & Trust Company, N.A. Mr. Gecht had been serving as executive vice president since 1981, before which he was vice president at Amalga mated Trust & Savings Bank, also in Chicago. If you're asking a lot, | C lC jlm The professionals at United Missouri Bank. Giving you what you need, when you need it. Dick M uir Larry Russell UNITED MISSOURI BANK M " c of Kansas City, n.a. United w e grow .Together. P.O. Box 226, 10th and G rand, Kansas City, M isso u ri 64141 • (816) 556-7000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Steve Panknin Jeff Goble Dave Dickens — W AN T ADS — Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. Northwestern Banker 306 - 15th Street Des Moines, Iowa 50309 Phone 515/244-8163 THINK! You found the best deal on other than new 775 & 7750 proof machines? Clean ready to install NOT Until you talk to Bill Harris BANKERS ELECTRIC EQUIP. INC. Phone 308-384-5995 (FS) P O SIT IO N W A N T E D 17 Year community banker, age 42, extensive experience in all areas, graduate of banking schools desires 2nd man or cashier position. W rite File PBM, c/o Northwestern Banker. (PW) BANKERS AVAILABLE Number Two Man w ith ag lending, operations and in surance background wants to move to new situation. 14 years experience................................................. $28,500 Executive in small Illinois bank seeks new opportunity . . . ..................................................................................... $28,000 Ag Lender in $45 m illion bank, extensive experience in both ag and commercial lo a n s .............................. .$32,000 JOBS AVAILABLE Trust Officer fo r Iowa Lakes R e g io n .............. Salary Open Senior Auditor w ith CPA degree wants to move into lend ing w ith preference for Greater Twin Cities area . .$25,000 Insurance Agents wanted by western Iowa and eastern Nebraska b a n k s ...................................................$25,000 up. Installment Lenders w ith three or more years experience ..................................................................................$20,000 up Ag Lender w ith lim ited experience in commercial bank . . . ..................................................................................... $16,000 Operations specialist w ith $100 m illion bank seeks job in Upper M id w e s t............................................................$24,500 Operations Person for western North Dakota bank $23,000 Generalist in com m unity bank looking for new opportunity in Iowa or Missouri. Extensive experience and reliable . . . .......................................................................................$28,500 lnstallment,.Lender for eastern Nebraska bank. Must have bank exp. . ..................................................................$23,000 Ag Lender for southeast South Dakota bank .Salary Open. Marketing Person for northern Iowa bank, lim ited ex perience ......................................................................$15,000 Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee. CEOs now active in banks from $10 m illion to $300 m illion want to relocate in Upper M id w e s t.......................... $35,000up Ag Lenders, entry-level and/or several years experience .. ..................................................................................$16,000 up Write or call Malcolm Freeland, Freeland Financial Ser vice, Inc., 246 Insurance Exchange Bldg., Des Moines, la. 50309. Phone 515/282-6462. Employer pays reasonable fee. P O SIT IO N A V A IL A B L E $160 m illion bank in northeast Iowa looking for an ex perienced operations person. Two years or more banking experience in bank operations required. College degree in business preferred. Salary and benefits commensurate w ith qualifications. Excellent opportunity for growth and advancement. All replies confidential. W rite file QBO, c/o Northwestern Banker. (PA) EXPERIENCED CPA/COMPTROLLER— Minimum of two years experience required. Banking background useful. Growing multi-bank holding company. Salary open. Send resume to John L. Calton, Executive Vice President, Peoples Bankshares, Ltd., P.O. Box 360, Waterloo, Iowa 50704._________________________________________ (PA) PRESIDENT-CEO—$18 m illion bank near Springfield, Il linois. Population 2,200. Must have lending background. Contact L. Wenzl (515) 277-9907, or write in confidence c/o Hawkeye-Capital Bank & Trust, E. 5th &Locust, Des Moines, IA 50307. (PA) CHIEF EXECUTIVE OFFICER—A $20 m illion bank located in western Illinois is seeking an individual w ith agri cultural loan experience to become chief executive of ficer. This is an excellent opportunity for an individual with an agricultural loan background interested in managing a bank. Ownership has interests in several Illinois banks so that advancement opportunities are unlimited. Salary commensurate w ith experience and ability. Please send resume to file QBH, c/o The Northwestern Banker. (PA) AGRICULTURAL LOAN OFFICER — Excellent career op portunity for seasoned lender w ith a strong Ag back ground. Degree preferred but not required. Resumes may be forwarded to: Personnel Officer, First Interstate Bank o f Great Falls, P.O. Box 5010, Great Falls, Mont. 59403.(PA) COMMERCIAL LOAN OFFICER w ith 5-7 years experience. Experience w ith loans to mid-six figures and higher is desirable. Degree preferred but not required. Resumes may be forwarded to: Personnel Officer, First Interstate Bank of Great Falls, P.O. Box 5010, Great Falls, Montana 59403. (p a ) American State Bank, Mason City, Iowa is seeking a Com mercial Loan Officer. The applicant must have three years of lending experience as well as Operations experience. The position offers excellent opportunities w ith an af filia te of Hawkeye Bancorporation. Send a resume to George W. Meyer, President, American State Bank, P.O. Box 851, Mason City, Iowa 50401. (PA) CORPORATE TRUST MANAGER Leading midwest commercial bank has opportunity for experienced trust officer to head their corporate benefits and services department. Law and/or ad vanced business degree required. Our client is a marketing-oriented institution, so business de velopment talents are essential. For fully confiden tial consideration submit your qualifications in writing with income history to T.W. Textor. Com pensation is open with attractive benefit package. No fees. We are consultants to management. (PA) PERSONNEL INCORPORATED 2626 Ruan Center Des Moines, Iowa 50309 MODULAR BANK UNITS— 14' x 36' and 14' x 66'. Fully equipped w ith alarm, camera, night depository, drive-up window and furniture. Ready for delivery. Contact Finan cial Products, Inc., Box 1035, Eau Claire, Wl 54701. Phone 715/835-8160. (FSorL) FO R S A L E Brandt Model 952 Demonstrator coin sorter counter-save over $800. C all Money H andling M achines Inc., 1-800-228-2581. In Nebraska, 1-800-642-1522. (FS) NCR 755-1000 single pocket proof machine. Has been under maintenance contract. Contact Andrew Kobs or Diane Hanna, First National Bank, Fort Dodge, Iowa 50501. Phone (515) 576-6811.___________________ (FS) NCR 279-100 off-line teller machines. Certified for m a nu facture r’s m aintenance. C all Ada Turner at 512/250-0795. (FS) Twelve Burroughs TT-102 on-line teller term inals at greatly-reduced prices. For more inform ation, call Ada T urner at 512/250-0956. (FS) POSITIONS AVAILABLE All positions are in Missouri, Arkansas, Kansas or Oklahoma. Commercial Loan Officer, Business Developer. All Around Country Banker, $15m bank. #2 Man, $30m bank, Commercial Lender. Trust Analyst, Sr. Portfolio Mgr. Trust Securities Operations Analyst. To $30,000. To $26,000. To $28,000. To $40,000. To $21,000. Commercial Loans Officer, $30m privately owned. To $30,000. Commercial Loan Officer, $125m bank. To $30,000. Agriculture Loan Officer, $30m bank, top advancement. To $30,000. Trust Department Head, $80m Trust Dept. To $40,000. Vp. Commercial Lender w ith Ag, $125m bank. To $40,000. Eighteen years of banking serving as President o f both rural and metropolitan banks enables me to find the right banking environment for you. I assure your confidentiality. Phone or send resume to: Don W. Schooler & Associates, 901 A. West Jackson, Ozark, Missouri 65721. Phone (417) 485-6020 (9am • 5pm). (417) 883-3713 (Evenings). DON AND- VÊOWJ ASSOCIATES "Successful Banking is Quality Personnel" I 523 N. Main St„ Carroll, Ia„ 51401 712-792-2748 | POSITIONS AVAILABLE COMMERCIAL LOAN—$50 m illion Rocky Mountain area bank seeks commercial lender w ith 3 yrs. or more ex perience. $28,000 SECOND OFFICER—$30 m illion surburban bank located close to Missouri Lake area. Superior commercial loan and business development skills required. $35,000 REAL ESTATE LOAN—addition to s ta ff of medium size bank. Single fam ily residential and construction lending experience desired. $18,000 JUNIOR OPERATIONS—assist senior officer w ith day to day operational duties and supervise custom er service personnel. University community. $16,000 AGRI LOAN—small rural bank desires well experienced Ag lender to handle all farm credits. $25,000 COMMERCIAL LOAN— urban affilia te o f one o f the mid west’s largest holding companies. Degree and formal credit analysis background required. $28,000 CASHIER—rural $25 million bank. Prefer 4-5 yrs. operations experience and some Ag lending background. $25,000 Your inquiry w ill be held in confidence. Salary history and resume' requested. TOM H AGAN & ASSOCIATES of Kansas City Box 12346 - 2024 Swift North Kansas City, MO 64116 816/474-6874 “ Serving the Banking Industry Since 1970” Vol. 11 No. 8 Northwestern Banker Newsletter (USPS 873-300) is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $15.00 per year. Second class postage paid at Des Moines, Iowa. Address all mail subscriptions, changes of address (Form 3579), manuscripts, mail items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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