The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Vol. 9 No. 10 June 30,1980 Des Moines, Iowa Consider Premium Ban, Gas Coupons VERY banker should be aware of two important matters that E merit the personal attention of each executive officer. The first is the call by the F ederal Depository Institu tions Deregulation Committee for comment on the committee proposal to ban merchandise premiums for attracting deposits. The second is the Department of Energy proposed to create a gas rationing coupon sys tem that would have to be adminis tered by the nation’s financial insti tutions and could cripple the system, with the cost being borne by the institutions! Premium Ban Because of the intense interest in the Depository Institutions Dereg ulation Committee proposal to ban premiums, the deadline for com ment has been extended to July 16, instead of the original cutoff date of June 16. The comments should be addressed to Norman R. V. Bernard, executive secretary of the commit tee, Federal Reserve Building, 20th Street & Constitution Avenue, N.W ., Washington, D.C. 20551. The Bank Marketing Association has filed a statement with the com mittee opposing its action, stating that bank management should not be subjected to additional restrict ions on their ability to attract de posits. BMA President Norwood W. “Red” Pope said, “Our board is not making a judgment on whether banks should or should not offer premiums. Our opposition is aimed primarily at the principle of adding a greater regulatory burden on finan- Posing in front of the old courthouse in St. Louis after their election are 1980-81 Illinois Bankers Association officers (left to right): Donald R. Lovett, 2nd v.p.; James A. Fitch, 1st v.p.; Jack D. Lemmerman, pres., and Thomas M. Rochford, treas. cial institutions at a time when the pressing public need is for less regu lation.” John H. Guinan, president of Christmas Club a Corporation of Easton, Pa., also strongly opposes the ban on premiums. “At a time in our economic history when banking institutions are badly in need of sav ings funds,” he wrote the commit tee, “such an action would be counter-productive. Bank prem iums are a tested and proven method of convincing young people in particular to start the savings habit. Without this type of incent ive, many people would spend their dollars rather than saving, and this would add to inflation.” A spokesman for the American Bankers Association said the ABA is anxious to have the opinions of its members on this matter of prem iums. He said the bankers partici pating in the recent Government Relations Council session where the proposal was initially discussed were ambivalent in their responses. Since that time, apparently, many have given further thought to the subject and, considering that it may be as much as six years before equity in interest rate competition is achieved with thrifts, have decided that there should be no ban on prem iums. Since ABA will be testifying before the committee, it desires to have as much member input as possible. At their annual convention in PREM IU M BAN . . . (Turn to page 3, please) ASK JERRY TRUDO to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M e m b e r F .D .I.C . is i A 'B A N K S O F IO W A ’ B A N K C aU a BANKERS’ BANKER 1-800-362-1688, toll-free in Io w a Ben Eilders Correspondent Banking Department Bankers “ssslhist Des Moines, Iowa 50304 Member FDIC, Federal Reserve System ABA to Visit China C. C. Hope, J r ., president of the American Bankers Association, is scheduled to head a four-man ABA delegation which will spend 12 days in the People’s Republic of China from August 4-16. Arranging the trip was Norman Ross, chairman of A BA ’s communications council and senior vice president, First National Bank of Chicago, a frequent visitor to China the past three years. He will accompany Mr. Hope, along with Willis Alexander, ABA execu tive vice president. They will be joined by K. J . Luke, chairman, Hawaii National Bank, Honolulu. Barry Sullivan Named First Chicago Chairman Barry F. Sullivan, 49, executive vice president at Chase Manhattan Bank N.A., New York, has been named chairman and chief executive officer of First Chicago Corp., ef fective July 28, to succeed A. Robert Abboud, who resigned April 28. The announcement was made June 25 by Ben Heineman, a direct or of First Chicago who has headed the holding company’s search team for a new chief executive. He said Mr. Sullivan’s salary at First Chicago will be $375,000 and with bonuses will be more than $500,000, compared to the $400,000 salary and bonus package he had at Chase. Iowa News CEDAR RA PID S: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Stephen P. Men- zner has been promoted from assist ant vice president to vice president in charge of marketing at Peoples Bank and Trust Co., according to Ted J . Welch, president, following the June board meeting. D ES MOINES: Hawkeye Bancorporation has contracted to purchase Capital City State Bank here, which has assets of $90 million, according to Paul D. Dunlap, president of Hawkeye, and H. Jack Moors, pres ident of Capital City State Bank. No personnel changes are planned. Hawkeye has $1 billion in assets and Capital City would be the 25th bank in the holding company, if the con tract is approved by the Federal Re serve Board. D ES MOINES: Leland S. Long, formerly with the farm management department of Central National Bank & Trust Co., has joined Agri Industries here. GRINNELL: Loan officers David S. Burrell and Dennis H. Hanson have been promoted at The Powe shiek County National Bank to assistant vice president and assist ant cashier, respectively. The an nouncement was made by President Max A. Smith. MAQUOKETA: The public was in vited to a recent open house to view the new West Platt Street detached office of Jackson State Bank. The architectural design for this project was done by the Kirk Gross Com pany of Waterloo. SHENANDOAH: H. H. Broadhead, J r ., chairman, First Stock Yards Bank, St. Joseph, Mo., won the Southwest Iowa Bankers Golf Tourney with a 72. Don Ostrand, vice president, First National Bank, Omaha, scored a 75. S IB L E Y : The Federal Reserve Board on June 23 approved pur chase of First National Bank here by Hawkeye Bancorporation. The bank has assets of nearly $20 million and will become Hawkeye’s 24th bank when the transaction is com pleted July 31. Illinois News BELLWOOD: Bank of Bellwood is seeking permission to establish a facility at 1759 North Mannheim Road, Stone Park. ROCK FA LLS: John W. Glover has been named president and chief ex ecutive officer of the Community State Bank. He was formerly presi dent of lake Forest National Bank. Currently, Mr. Glover is director of District 5 of the BA I. WHEATON: Nancy L. Singer has been advanced to executive vice president and Eugene S. Usecheck has been elected vice president and cashier. Ms. Singer, now the second ranking officer of the bank, joined Bank of Wheaton in May, 1977, as assistant vice president. Mr. Usecheck joined the bank in 1973 and now will be the senior officer re sponsible for collections, customer accounting and operations. Nebraska News OMAHA: David C. Applegate has joined Nebraska State Bank as pres ident. He was formerly assistant vice president at Bank of Nebraska in LaVista, and earlier worked at Keith County Bank in Ogallala. OMAHA: Edgar M. Morsman, J r ., 41, senior vice president at United States National Bank, is moving to Minneapolis to become vice presi dent of loan administration for Northwest Bancorporation. He will be succeeded as manager of the com mercial banking division at U .S. National by Ronald E. Schneider, 34, vice president and commercial banking officer. Minnesota News ELM ORE: The First National Bank has scheduled open house on July 11 from9:00 a.m. to 8:30 p.m. and July 12 from 9:00 a.m. to 3:00 p.m. for the public to view its new bank building. HASTINGS: Merle D. Borchers has been elected president of North western National Bank, effective August 1. He will succeed Richard P. Pike, who is retiring to pursue other business interests. Mr. Borch ers joined Northwestern National Bank of Omaha, his home town, in 1964, and moved to Banco head quarters in Minneapolis two years later. Since 1977 he has been vice president-banking business group in Banco’s corporate office. L A K EFIELD : The First National Bank has converted to a state charter under the name of First Trust Bank of Lakefield. All officers BANKERS PARTICIPATING as6Plan,lnc. 545 - 31st Street Des Moines. Iowa 50312 R. L. “DICK” SELLON • P.D. “DUANE" DEVAULT Supplement to Northwestern Banker Newsletter 6-30-80 Carleton D. Beh Co. Investment Bankers/Financial Consultants NEW ISSUE SALE DATE: June24,1980 $1,100,000 RICE LAKE, WISCONSIN (Barron County) MOODY’S: A General Obligation Corporate Purpose Bonds Dated: April 1,1980 Denomination: $5,000 Both principal and semiannual interest (April 1 and October 1, first coupon due on October 1,1980) payable at a bank to be designated. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES MATURITIES $10,000 20,000 20,000 25,000 30,000 30,000 30,000 80,000 80,000 80,000 6.40% April 1,1981 April 1,1982 April 1,1983 April 1,1984 April 1,1985 April 1,1986 April 1,1987 April 1,1988 April 1,1989* April 1,1990* 5.20 5.35 5.50 5.60 5.70 5.85 6.00 6.10 6.25 6.40 $100,000 115,000 6.50% April 1,1991* 6.60% April 1,1992* 6.50 6.60 6 .7 5 % 115,000 120,000 120,000 125,000 *Optional in inverse numerical order beginning April 1, 1988 at 100%. April 1,1993* 6.90% April 1,1994* 7.00% April 1,1995* 7.10% April 1,1996* 6.75 6.90 7.00 7.10 LEGALITY TO BE APPROVED BY DORSEY, WINDHORST, HANNAFORD, WHITNEY & HALLADAY, ATTORNEYS, MINNEAPOLIS and ST. PAUL, MINNESOTA The City of Rice Lake is located on U.S. Highway 53, about 100 miles northwest of Minneapolis and St. Paul, and about 50 miles north of Eau Claire, Wisconsin. The City is the principal trade center for a large area extending to a50 mile radius. Retail business is the backbone of the City economy, with figures showing the City among the highest per capita retail sales in the State. The City serves a trade area estimated at a population of 40,000. Transportation is by U.S. Highways, the Soo and Northwestern Railroads, Greyhound Bus Lines, six truck carriers and the Wisconsin Northern Transportation Company. Retail establishments include national chains such as Schultz Bros., Wards, Penneys, Coast to Coast, Gambles and Woolworth as well as local firms. Major employers include: Wright Products Nichols Homeshield, Birchwood Manufacturing, Mascott Foods, and American Enterprises. These bonds are being issued in accordance with Wisconsin Statutes in order to finance various corporate projects and to refund out standing indebtedness. In the opinion of counsel, these bonds are legal and binding general obligations of the City of Rice Lake Wisconsin, and all taxable property located therein is subject to the levy of sufficient taxes to pay the principal of and interest on the bonds without lim it as to rate or amount. FINANCIAL STATEMENT Equalized valuation, taxable property, 1979 Assessed valuation, taxable property, 1979 $137,087,850 88,517,710 Net direct debt, including this issue Total direct and overlapping debt 2,494,860 2,962,911 Population, 1980 est ¡mate: 7,860 Direct debt per capita: $317.41 Total debt per capita: 376.96 Under Wisconsin Statutes, a City always receives 100% of the taxes levied for it, as the County assumes all delinquencies. We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: The information contained herein is not guaranteed, but is derived from sources we deem reliable and is that on which our purchase of these bonds was based. Offered subject to prior sale and change in price. Moines Building • Des Moines, Iowa 50309 • 515-288-2152 Digitized forDes FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 607 Marquette Ave. • Minneapolis, Minnesota 55402 • 612-332-8825 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Modern Banking Systems, Inc., “on prem ise” computer system has been designed with NO W accounts in mind. -3 W hen you are ready, w e are ready. Model 990 Minicomputer T exas I nstrum ents. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Our complete Hardware and Software Package is designed for smaller banks to allow “on premise” one step handling of your items and complete daily updating of all accounts in your bank. After the daily on-line update of your accounts, you will be able to display on v your Video Terminal any of your accounts with all information up to date. The Software package includes proof, DDA, savings, CD’s, loans, general ledger, and C1F. v * All records are maintained on “hard” disk and are always on-line for immediate access^ This system can be installed in your bank, meeting your specifications, in three ^ to five months. Modern Banking Systems, Inc. includes all the training of your people required for th^ proper operation of your system. V* Because we have a “Software Maintenance Agreement,” you do not require any programming knowledge or programmers in your bank. For more information please call or fill out the information request form. The telephone number is (4 0 2 ) 3 9 2 -0 1 5 1 . Ask for Dan Cronin, Bob Friend or Joe Nelson. INFORMATION REQUEST FORM NAME. w _______________________________ _________________________________________________ BANK NAME_____________________________ _____________________________________ ADDRESS_____________________________ ________ _______________________________ CiTY, STATE I s ______________________________________________________________ -4 ZIP_____________________________________\---------- ----------------------------------------------MAIL TO: MODERN BANKING SYSTEMS, INC. 6 8 1 8 GROVER STREET OMAHA, NE. 6 8 1 0 6 v * ATTN: ROBERT FRIEND https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis % • Supplement to Northwestern Banker Newsletter 6-30-80 3 CALL ON THE “PERFORM ANCE TEAM ” where common transactions are handled uncommonly well. FIRST N A TIO N A L LI NCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. and directors remain the same. ST. PAUL: Susan K. Schultz has resigned as cashier at Capital City State Bank to join First National Bank in Hudson, W is., according to K. A. Heiser, executive vice presi dent of the Wisconsin bank. Montana News GREAT FA LLS: Jerry Girres has been promoted to assistant vice president-personnel at First Bank Great Falls, according to John Reichel, president. Mr. Girres has been with the bank since 1964. Colorado News Three savings and loans in the state have been ordered by the Fed eral Home Loan Bank Board to cease offering in terest-b earin g checking accounts. One, the Otero Savings & Loan Association, says it will fight the order from the FH LB and that its 11 branches will contin ue offering its Check-In account. All three s&ls maintain they are not doing anything illegal under Colo rado law. The other two institutions are Majestic Savings & Loan, Denver, and Golden Savings & Loan, Golden. DENVER: FDIC coverage has been approved for the new Charter Bank and Trust, which has $1 million cap ital and is located in Englewood. Wyoming News CASPER: Thomas H. Hogan has been elected vice president and manager of the commercial loan de partment at Wyoming National Bank here. The appointment was announced by Robert W. Miracle, president. Mr. Hogan moves to Casper from Central Bank of Cleve land, Ohio. PREM IU M BAN . . . (Continued from front page) Duluth earlier this month, members of the Minnesota Bankers Associ ation voted for the elimination of 4 premiums. The resolution said the MBA “urges support of the Federal Depository Institutions Deregulatory Committee’s proposal to pro hibit the use of merchandise prem iums for deposit accounts because https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the current regulation setting dollar limits for premiums cannot be effectively monitored or uniformly enforced, thus frustrating consumer savings programs by encouraging the shift of account balances in re sponse to premium promotions. The elimination of premium giveaway programs will permit all financial institutions to compete equally for deposit accounts through the offer ing of competitive market rates.” A letter from the Northwestern Banker publisher to Mr. Bernard at the DIDC office states, “I t seems strange that the first action taken by your so-called Deregulation Committee is a proposal to further regulate the banking industry by outlawing the use of premiums. Premiums have long served as an effective marketing tool, and there is a greater need for them now, as interst rates fall. “As we see it, banning premiums will further erode deposits and the incentive to save—thus increasing inflation.” The current rate of savings in the United States is estimated at 3% , while in Japan it is reported to be 22 %! Gas Rationing The ABA was to testify last Fri day before a House subcommittee to voice its strong opposition to the proposed gasoline rationing coupon proposal from the Department of Energy. Since Congress earlier side stepped the touchy issue by author izing the Department of Energy to set up a gasoline conservation pro gram, the Department of Energy came up with the gas coupon pro gram. Under this, the nation’s fi nancial institutions would be obli gated to hold, count, handle, dis tribute and account for an estimated five billion paper coupons every 90 days! By contrast, the Federal Re serve Bank, which is assigned over all responsibility for supervision of this nightmare, has its hands full accounting presently for 1.3 billion pieces of currency in circulation. As proposed by the D of E , the financial institutions, meaning primarily the 42,000 banking outlets, would bear the expense of the program. The di rector of the IR S , as quoted by ABA President C. C. Hope, J r ., testified to Congress he wanted it that way because if his office did it there would be adverse public reaction to IR S and it would cost too much money! As the matter now stands, unless the House and Senate both vote to block the D of E proposal, the plan will go into effect, thus creating a law in reverse of the usual proce dure. Sen. Bennett Johnson of Louisi ana has a proposal before the Senate, which is endorsed by ABA, to price gasoline higher with a tax so that price rationing is imposed. The tax money created would be re cycled to cut income tax withhold ing. Since this is an election year, Senate leaders so far have avoided scheduling any hearings on the pro posed bill. ABA solicits the support of all member banks, their staffs and their customers in opposing this measure by writing to Congressmen and the Department of Energy, with copies to the ABA. □ Single System B anking Now National Bank of Waterloo Waterloo, Iowa 50704 Member FDIC Phone Bill Rickert at 1-800-772-2411. PARTIAL LIST OF AVAILABLE POSITIONS POSITION AVAILABLE AG LOAN OFFICER—We prefer a person with some college and who has had good ag lending experience. A major responsibility will be to perform farm budget ing and financial planning assistance. Our start salary could range from $20,000 to low $30,000, depending upon qualifications. If you have an Interest in this position, please send an application or a resume to: Bob Hadland, EVP, Farmers & Merchants State Bank, Lamberton, MN 56152. We are an equal opportunity employer.________________________________ (PA) FOR SALE OR LEASE Instant Auto Teller Fully equipped, needs only electric power and telephone hook-up to become operational. Temporary or permanent installation. Units available for immediate delivery. AG LENDING PROFESSIONALS—Outstanding po sitions available w ithin our loan department. Due to continued growth (40 offices in 13 western states), there are several openings for loan officers. Candi dates need minimum six years agricultural lending experience. Send resume and income requirements to: Lynn R. Loken, Western Farm Management Com pany, 3333 Quebec Street, Suite 3400, Denver, Colorado80207. Phone (303) 388-4084,_________ (PA) RETAIL BANKER—Outstanding growth opportunity for right person. We are a large suburban bank in the midwest, with plans to restructure our instalment lending activities into a broader personal banking approach. The individual we are seeking w ill be divi sion chief and a member of the executive committee. Must have excellent credentials. Replies will be held in strict confidence. An Equal Opportunity Employer. Write file KBQ, c /o Northwestern Banker.______ (PA) Operations—Three positions open in Iowa for persons with two to five years experience. Financial Products, Inc. CEO wanted for $15 m illion bank in western Iowa. Excellent salary. P.O. Box 1035 Eau Claire, Wisconsin 54701 Phone: (715) 835-8160 Trust Officer wanted for $30 million Nebraska bank. W ANT ADS Rates 50 cents per word per insertion. Ad $2 for file numbers. Identity of file number advertisers cannot be revealed. Payment in advance, please. NORTHWESTERN BANKER 306-15th St. Des Moines, Iowa 50309 Insurance/Ag Lender wanted for Iowa bank located in Lakes region. ASST. VP—Good spot fo ra generalist. Small bank in rural community wants a person that can help them grow. $20,000 LENDING—Great opportunity to join a solid bank and grow with it. Responsibilities are general in nature and you w ill be groomed for the #2 spot. $18,000 TRUST—Senior officer. Experience needed. W ill eventually take full responsibility for department. $22,000 EVP— Must have solid experience and be able to run a small bank. Should have experience in commercial and ag. $28,000 #2—Ground floor opportunity w ith new charter. W ill be involved with all aspects of the bank. $25,000 EVP— Minnesota bank. Must have BA degree w ith 5 + years experience. Ideal background w ill have both commercial and ag lending. $32,000 ALL FEES PAID BY MANAGEMENT For further information respond in confidence to: ' 1 1 1 " | Bank Division lli 1T T ROBERT HALF of iowa. me 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 POSITION AVAILABLE Eastern South Dakota bank seeks individual with farm background. W ill work up to management position within two years. Salary commensurate with education and/or experience. Reply file KMP, c /o Northwestern Banker. (PA) Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 Fifteenth Street, Des Moines, IA 50309. Call (515) 244-8163. Employer pays fee. (PA) FOR SALE cd~fo[dez a n d c d f-iio c ia tE i 3M Secretary II plain paper copier. 63,000 copies. $1,800. Call Bob Coon Jr. at First State Savings Bank, McGregor, la. Phone(319) 873-3425.___________ (FS) Burroughs TT-102 electronic on-line teller machines; 1-3 years old. $1790 each (original cost $3400). Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D onald E. H older, Principal FOR RENT Deluxe lake home located on Hill Lake south of Grand Rapids. Golf and tennis on the lakeshore. W ithin minutes of winter ski resort. Available year-around- BurroughsTR-102 electronic teller machines. Upgrad able to on-line; 2-3 years old. Guaranteed. Freight paid. $995 each (original cost $2100). NCR 152-70 teller machines. Completely recondition ed; 15 days free trial. Guaranteed. Freight paid. $775 each. NCR 490 desktop check encoders. Full-field. Guaran teed. Freight paid. $875 each. NCR 775 proof machine; 12 pockets. $10,900. Main tenance w ill transfer. Call (214) 757-7760 (FS) POSITIONS AVAILABLE Installment Loan Officer, with six years experience, wants to relocate. ISU Grad—Now branch manager, wants to relocate in central Iowa. One Olivetti P-603 posting machine with a BRD disc. $1,800. Call (515) 245-7222._____________________ Saxon Bond Copier. $800. Call (515) 245-7222. EXECUTIVE VICE PRESIDENT— New charter in excellent suburban area. Opportunity for#1 spot in 2-3 years................................ 30K 1979 Nebraska Law Grad seeks trust position. AGRI LOAN— Position will be second officer in Rocky Mountain bank. Prefer 5-7 years experience................................................... 25K Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 Fifteenth Street, Des Moines, IA 50309. Call (515) 244-8163. Employer pays fee. (PW) INVESTMENT OFFICER— Manage entire port folio for $50MM midwestern bank. Finance degree desirable..............................28K SENIOR ANALYST— Background in analysis of banks and related financial institu tions required. PreferCFA. AG BANKING CAREERS SENIOR LOAN OFFICER. . .In d ia n a .........$16-23,000 CREDIT MANAGER. . .O h io ................... $23-25,000 AG LENDING OFFICER. . .SE Minnesota $16-18,000 COMMERCIAL. . .Io w a ...........................$20-25,000 LOAN OFFICER. . .Io w a ......................... $15-20,000 CREDITSUPERVISOR. . .Ohio ................$17-21,000 Since 1968, banks and other ag-related employers have been paying us to find the personnel they need. For more information, give Linda (our banking spec ialist) a call today. 3 D r i CAREERS, IN C . m J AGRICULTURAL (515394-3145 PERSONNEL RECRUITERS New Hampton, IA 50659 28K OPERATIONS OFFICER—3-4 years experience w ith a large bank desired. This is the #2 spot with opportunity to advance to top spot................................................................ 22K Used night deposit. Must have bag drop fo r mer chants. South Story Bank, Slater, IA 50244. Phone (515)685-3566.___________________________ (WTB) SERVING PROFESSIONALLY Banking,Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 Central National Bldg. 515-283-2545 Des Moines, Iowa 50309 COMMERCIAL LOAN—$30MM suburban bank seeks lending officer with commercial and real estate experience. W ill advance to executive vice president. ....................... 25K JUNE IS JR. OFFICER MONTH We are featuring experienced officers in the 14M to 18M range. If you are in the salary bracket and want to make a change or if your bank is looking for a junior officer, please call us. TOM HAGAN & ASSOCIATES OF KANSAS CITY P.O. Box 12346 / 2024 Swift North Kansas City, Missouri 64114 (816)474-6874 Voi. 9 No. 10 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, iowa 50309. Subscriptions 25 cents per copy, $8.00 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