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Vol. 14 No. 49 Des Moines, Iowa Regulators Explain Ag Bank Plans ED ER A L banking regulators agreed in their recent testimony before the Senate Banking Commit tee that some form of regulatory aid and forbearance needs to be made available to assist hard-hit banks in the handling of actual losses and in treatment of renegotiated loans. Although the testimony was promp ted by the ag crisis, apparently the regulators’ policies would apply equally to banks suffering from the energy crisis in energy states. • Leaders of the three agencies ex pressed their desire not to discour age ag banks from using forbearance on ag loans by restructuring of debt, if the borrower can reasonably be ex pected to repay the principal. • Federal regulators will provide a unified approach to forbearance by allowing banks to use Financial Ac counting Standards Board Rule 15. This permits a bank to retain the credit on its books as a performing loan so long as terms of the restruc turing are in compliance. This elimi nates immediate charge-off of the loan itself or any part of it, if Rule 15 is used. The Fed and Comptroller previously had endorsed the use of Rule 15 for banks, and the FD IC ’s concurrence now is a reversal of ear lier policy. • In addition, the three regulators would create a new reporting cate gory in call reports for “Restruc F tured and In Compliance with Modi fied Terms.” The loans in this cate gory would be classified as “per forming loans.” It is anticipated this will be effective with June 30 call reports. • Capital forbearance also was en dorsed by the three regulators as an alternative to loan loss deferral and net worth certificate proposals that have been made. The regulators stated in their joint statement that this “will allow a bank experiencing difficulties to operate below the min imum capital requirement provided the bank has the capacity to restore capital within five years.” They said this would permit an ag bank to put some part of its ag loan charge-offs into a segregated account limited to a percentage of the bank’s primary capital. Additions could be made to this account during the first two-year period, and the special ac count then could be amortized in equal installments in the five-year period following its creation. No further detail was given for the plan, which is endorsed principally by the Comptroller and the FDIC. The Fed said “A more straightfor ward way of buying time for institu tions would be simply for supervi sors to permit them to operate for some interval with capital at levels below supervisory standards.” The regulators also said some March 24,1986 questions relating to the proposal re main unanswered, such as tax conse quences, whether the concept would need to be issued as a regulation (re quiring an extended time period for initiation) or as a guideline (effective immediately). In addition, they would allow the deferred account to be included with the remaining bank capital to retain the bank’s single borrower limit for lending. S e n a te B a n k in g C om m ittee Chairman Jake Garn (R., Utah) told the federal regulators that he and Sen. Robert Dole (R., Kan.), the Se nate Majority Leader, are com mitted to early action on a workable ag bank plan. However, he urged the regulators to take immediately all action possible under their own au thority to expedite the programs that could assit hard-pressed banks. □ Iowa News Iowa Bankers Insurance & Ser vices, Inc. will be conducting five in surance continuing education semi nars during April. The seminars are approved by the Insurance Depart ment of Iowa for ten hours of insur ance CECs. Topics available at each location are Life/Accident & Health or Property/Casualty. Registration is at 7:15 a.m. with programs run ning from 8:00 a.m. to 6:30 p.m. Fee includes materials, refreshments, lunch and certificate of completion. Pre-registration is $45 for bankers ASK TERRY MARTIN to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank isi Member F.D.I.C. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A BANKS OF IOWA' BANK 2 Norwest Bank Des Moines, N.A. NORW ESr BANKS Call (515) 245-3131 or toll-free (800) 362-2514 Member FDIC cdrotdsx and. c^fs.i.oe.Lats.i Bank Consultants Specializing in Bank Acquisitions P.O. Box 450 515-232-0814 405 Main Ames, Iowa 50010 D o nald E. Ho lder, Yearn work: one of the reasons we’re first in Iowa. Mark Conway John Rigler and $65 for non-bankers, with $10 Iowa-Northwestern Bell. Dennis R. additional at the door. Locations Wood will continue as executive vice and dates are: Sioux City Hilton president in charge of commercial, Inn, April 15; Red Oak Coach Inn, consumer and international banking April 17; Waverly Red Fox Inn, operations, as well as the trust divi April 21; Burlington The Holiday, sion. Bankers Trust Chairman John April 23, and Des Moines Adven- Ruan announced the election of two tureland Inn, April 25. Contact new directors to the board—Larry Jeannette M. Ellington, IB IS , 104 Miller, executive vice president and E. Locust St., Des Moines, IA chief operating officer of Ruan Transportation Management Sys 50308, (800) 532-1423 or 286-4271. tem, and Jam es D. Aipperspach, CEDAR FA LLS: Three vice presi vice president and CEO for Iowadents were among recent promo Northwestem Bell. tions at Cedar Falls Trust & Savings Bank. David G. McDermott has D ES M OINES: Bankers Trust has been appointed senior vice presi named three senior vice presidents. dent. He joined the bank last Aug Roger A. Downs, former vice presi ust. Dorothy D. Heine has been pro dent and managing officer of the ad moted to vice president and cashier. m inistration division, has been She joined the bank in 1963 and pre named S.V.P. of that department. viously was branch manager of the Steven G. Jacobs, most recently College Square Office and head of vice president of the retail division, consumer loan operations. Thomas was promoted to S.V.P. of retail. Damgaard was promoted to vice Jack A. Rogers, former vice presi president and head of consumer loan dent of corporate trust, has been ad operations. He has been with the vanced to S.V.P. of the trust divi sion. bank since 1976. D ES M OINES: Thomas D. Smith D ES MOINES: R. Douglas Fisher has been appointed executive vice has been named senior vice presi president and chief financial officer dent, credit administration, for of Bankers Trust Company and will Hawkeye Bancorporation. He pre continue on the board of directors, it viously served as executive vice was announced by President John president of Hawkeye-Capital Bank Chrystal. Mr. Smith will have re & Trust. sponsibility for financial, audit, in vestment, administration and opera tions areas of the bank. Most recent ly, he was vice president and CEO of H ILLS: Jam es R. Gordon, 38, senior vice president and trust officer since 1975 at Hills Bank and Trust Co., died of a heart attack March 14. I t's easier to talk Iowa banking with people who live it — people like Ben Eilders and the correspon dent staff at Bankers Trust. Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IN D IA N O L A : A m ong re c e n t promotions at Peoples Trust & Sav ings Bank was the advancement of Dotti Kieffer to vice president. She has been with the bank since 1978 and was named human resources di rector last November. Nebraska News NEWMAN GROVE: H.L. (Bud) Gerhart, president, First National Bank, has been nominated to fill the remaining portion of the term of Wayne D. Angell as a director of the Federal Reserve Bank of Kansas City. The election is to take place in the period from April 23 to May 8. The remaining term expires Decem ber 31, 1986. Mr. Angell recently was appointed by President Reagan as a member of the Federal Reserve System board of directors in Wash ington, D.C. OMAHA: Gene T. Suhr has been named second vice president and se nior field consultant for FirsTier Management Consultants, Inc. He formerly served as an agricultural lender in Omaha National Bank’s Grand Island office. TEKAMAH: The First National Bank of Tekamah, with assets of $19.5 million, was declared insol vent by the Comptroller of the Cur rency March 6. The FD IC approved the assumption of $18.4 million de posit liabilities in 4,100 accounts by Nebraska National Bank of Omaha, which paid a purchase premium of $324,000. Nebraska National also Estate Appraisals Purchase of Collections Sale of Rare Coins Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins C all 1-800-362-1688 or 515/245-2424. Bankers Trust Des Moines, IA Principal Ben Eilders Senior Vice President 913 Locust Des Moines, Iowa 50309 515-243-8064 In today’s market, knowing ^ who’s competing for your customers’ loan business is vital. But gathering and maintaining accurate, up-todate information on your competi tion, inconspicuously, is nearly ^ impossible. Unless you subscribe to Iowa Public Records Search’s Loan Activity Bulletin. The Loan Bulletin is a twiceA monthly report of all the loan activity in your county, and every county https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis important to you. Each report contains all liens filed with the Secretary of State; the secured party (your com petitor); the name of debtor; file num ber ; and the date and hour of filing. And the price is right, too — as low as $12.50 per county, per month. To order, or for information on our other search services (telephone searches, judgment searches, bank ruptcy searches, and more), give us a call. We’re Iowa Public Records Search. We’ll help you compete. IOW A PUBLIC R ECO R D S S EA R C H , INC. ¿2 C o rp o ra te Place 501 4 2 n d S tr e e t V est D e s M o in e s, Io w a 5 0 2 6 5 telephone ( 5 1 5 ) 2 2 3 - 1 1 5 3 Supplement to Northwestern Banker Newsletter 3-24-86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis supplement to NorthwesternBanker Newsletter ATUBgggBSBfc ENOUGH avaiaW eon(y dbbi mtroducing the desktop - — . — fea tu res .Designed tor c o u n t y - ' jo u rn a l p • optional B E -800 n ••*3 5 3 E3&fr#l P ce|dWgh maintenance ‘ improves customer . Eliminates older equipment cost! ^ I • » * E q u ip n ,e n t , 50314-3103 INFORMATION: » (51*5) 2 8 8 -3 0 0 0 I * ,,o s « » W SS s » ,3 ,s ’ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis n x^ °sn tn e m r o f‘«mlu ■feed GIVE US a C & PEATUBING: t counter ur25- Currency & D0C Ä 1 ig Ä Ä » FEATURING: °f S M ,e 1?00 - 2500 coins per • ^Counts ell denominations . Easy to operate 125 ° rimZ coin denominations * CfimP! I n g e crimping heads . Easy to change . Quiet operation . counts & sorts ^ mld.volume operate tor bran s • C 00n ,S in b i w i i n d i v , d Ua, denomination •Designed . separates coins wit totals . com pact size . sells for under $ INFORMATION: (5 1 5 ) 288-3000 ^ eS1s, Avenue S.W redar Rapids, Iowa 52405 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S Ä ^ 5 (7, 2) 258-6328 C all on th e “ Experienced P rofessionals” ^F irsT ier Banks Ready to m eet your correspondent needs. agreed to purchase certain of the failed hank’s loans and other assets for $11.8 million. FD IC advanced $6.7 million to Nebraska National to aid the transaction and retained assets with book value of about $7.7 million. The Tekamah location was opened March 7 as an office of Neb raska National. FD IC said, “The de terioration in asset quality is attri butable to lending policies of former management, coupled with the de pressed agricultural economy.” Minnesota News The Minnesota Bankers Associa tion will present an Insurance Risk Management Seminar on April 9 at th e R ad isso n In n P lym ou th. Stephen L. Marley, president of Marley & Associates, Inc., Coral Springs, Florida, will conduct the program. It will cover liability insur ance policies, blanket bond and al lied coverages, safe deposit insur ance, how to conduct a risk analysis, mortgage impairment insurance and package policy. Contact the M BA office for more information. FR ID L E Y : Fridley State Bank has announced the following promo tions: John Gargaro, senior vice president and Marcia J . Etlicher, vice president and cashier. Mr. Gar garo joined the bank in 1981 and Ms. Etlicher has been with the bank for 22 years. MINNEAPOLIS: Norwest Corpora tion has elected Richard M. Kovacevich as vice chairman, a director, and COO of its banking group. He joins Norwest from Citicorp, New York, where he was a group execu tive and member of the policy com mittee. In addition, Richard S. Levitt, vice chairman and board COMMERCIAL LOAN OFFICER Splendid opportunity with lead bank in a highly re garded, financially sound multi-bank network. Growth position for talented person with creden tials, have minimum 3 yrs. experience + 1 yr. for mal credit training. For confidential considera tion, contact T.W. Textor. No fees: We are re tained by management. PERSONNEL INCORPORATED 2626 RUAN CENTER DES MOINES, IA 50309 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis First National Lincoln Member FDIC 13th & M Streets, Lincoln, Nebraska 68501 member, was given the additional ti tle of COO of the specialized finan cial group. MINNEAPOLIS: Norwest Corpora tion has filed a registration state ment with the Securities and E x change Commission for the issuance of up to $200 million of subordi nated debt securities. The net pro ceeds to be received by the corpora tion from the sale of the securities from time to time will be added to Norwest’s general funds and be available for general corporate pur poses. M IN N E A P O L IS : Independent State Bank of Minnesota has an nounced the appointment of Charles C. Blair as vice president and senior loan officer. Mr. Blair has spent 17 years with the Bank Examination Department of the Federal Reserve Bank of Minneapolis prior to his new appointment. RIC H FIELD : Richfield Bank & Trust Company has announced the promotion of Barbara Zvorak to vice president/cashier. Ms. Zvorak joined the bank in 1963 as a teller and has moved through a number of supervi sory positions to her new position. North Dakota News The North Dakota Bankers Asso ciation will sponsor its 1986 Agricul tural Credit Conference on April 1718 at the Gladstone Inn, Jam es town. Thursday’s sessions will focus on working with various groups in volved with agriculture, the attor ney general’s office, FmHA and farm customers. Dr. William Dando will speak on the Soviet food pro gram, and there will be a dinner and entertainment in the evening. Fri day’s session will include Marvin Duncan, senior deputy governor of the Farm Credit Administration. An early registration fee applies to those signing up before April 3. Con tact the NDBA office. * * * The Association of Independent Community Banks of North Dakota is hosting a series of one-day semi nars. They will be March 24 at the Dakota Inn in Jamestown, March 25 at the Artclaire Motel in Devils Lake, March 26 at the International Inn in Minot, and March 27 at the Hospitality Inn in Dickinson. Their purpose is to acquaint the member banks with the group purchasing programs available through the gen eral services committee of the Asso ciation. All seminars begin at 2:00 p.m. and end with a reception at 5:30 p.m. For more information, contact the Independent Community Banks of North Dakota at (701) 258-7121 or 601 E ast Bismarck Expressway, Suite 10, Bismarck, ND 58501. BANK LOAN MANAGEMENT, INC. CONSULTANT TO BANKERS 773 SPRUCE STREET, P.O. BOX 159, OCHEYEDAN, IOWA 51354 PHONE 712/758-3660 • Loan Review and C redit A d m in istra tio n • P rofit Planning Inquire about FLEX-O-PAY® ■ a computerized billing/credit system ■ generates additional income from present staff and equipment ■ means of increasing your local commercial business ■ plan developed by bankers for bankers CALL: 1-800-772-2411 WRITE: LeRoy Bell The National Bank of Waterloo 315 East 5th Street Waterloo, IA 50703 POSITION AVAILABLE BANKING OPPORTUNITIES AG OFFICER TRUST MGMT, ADMINISTRATOR—(Personal, Corporate, EB) & Investment. Openings in MN, IA, SD, IL, OH. $28-100K. $35M bank. College town, Inviting location. Super vision of ag Insurance; financial planning, devel opment calls, understand cash flows, and per sonal computers. 26,000 plus tremendous bene fits. Please send resume to File No WEG c/o Northwestern Banker. POSITIONS AVAILABLE CEO for northern Iowa bank, 5-7 years lending experience required....................................................................... $45,000 TRUST OFFICER for northern Iowa, law degree is a plus .. .....................................................................Salary to $35,000 RESIDENTIAL RE LOAN MGR— Head up $100mm dept., E. NE $27K. EXECUTIVE VICE PRESIDENT for central Iowa bank should be qualified In operations and lending.................... ...................................................................Salary to 40,000 + . CONSUMER LENDER— bank near Sioux Falls $25K. EXECUTIVE VICE PRESIDENT for $60M Iowa bank, should be qualified to become C E O ........................ Salary $50,000 Contact Barbara J. Ritta at $55MM Northeast Iowa Bank needs an experienced EX ECUTIVE VICE-PRESIDENT. Send resume to WEA c/o Northwestern Banker. (PA) SENIOR MANAGEMENT position in small, but growing, Colorado bank. Must be experienced in commercial lend ing. Send resume to file WEL, c/o Northwestern Banker. _______________________________________________ (PA) VP RETAIL BANKING DEPT. $200M N.E. Iowa bank has opening for someone to head up its retail banking dept. This successful applicant will have a background in con sumer lending & administration. Salaryopen. Send re sume to File No. WEO, c/o Northwestern Banker. (PA) JUNIOR LOAN OFFICER for $64 M S.E. Iowa bank. 2-5 years commercial agriculture lending experience. Send resume and salary requirements to File No. WER c/o Northwestern Banker. (PA) Position leading to CEO at $10M bank in N.W. Illinois. Will consider individual with loan experience and some opera tions. Will train for other CEO qualifications. Send resume and salary requirements to P.O. Box D, Clinton, IA 52732. _______________________________________________ (PA) $22m S.W. Minn, bank has 2 openings: AG LOAN OFFICER A #2 MAN (SVP). Send resume and salary requirements to file WEU c/o Northwestern Banker. (PA) $10M bank, S .E South Dakota needs willing & progressive SECOND MAN. 2-3 years consumer lending experience re quired. Send resume to File No. WET c/o Northwestern Banker. (PA) VICE PRESIDENT of Southern Iowa Bank Ag/Comml/lnstll/ Lending capabilities required - aggressive community. Send resume to File No. WEV, c/o Northwestern Banker. (PA) POSITIONS AVAILABLE SENIOR AG LENDER - Need 6-8 years in ag lend ing. North Central Nebraska. Salary open. SENIOR LOAN OFFICER • Need 5-8 years experi ence as a general loan officer. 2 positions - east and SC Iowa. To $45K. EV.P. • Will lead to CEO • $80M bank. Need heavy experience in ag lending - workout exp. West Neb raska. To $60K + Bonus All fees are paid by our client employers. Richard L. Beam, CPC GUMBERT EXECUTIVE EXCHANGE, INC. 11246 Davenport Street Omaha, NE 68154 Phone: 402/330-3260 Member National Personnel Associates We’re Nationwide POSITIONS AVAILABLE COMMERCIAL LENDER Large bank in growing metro area seeks 3-5 yr lender who has been exposed to varied com’l credits. Must come from $100m bank or larger. Future leadership role and promi nent position in holding co. $35K. PRESIDENT High earnings independent bank with over $100m + in as sets seeks new #1 person. Successful candidate will come from $60m + institution and have good handle on invest ments as well as lending side. $75K. AG LOAN OFFICER Quality community bank needs 2 + yr ag lender from rural bank with FHA exp. Will have oppty to work into mgt and expand knowledge into other areas. $25K. FOR FURTHER INFORMATION FOR THESE & OTHER POSTTIONS RESPOND IN CONFIDENCE TQ KURT R0SENCRANTS <M H > R iH H > _<M 1 M O B E R L F R T 317 6th Ave, Ste. 650 Des Moines, IA 50309 ■ = *« ® (515) 244-4414 WORLD’S LARGEST BANKING, ACCTG & EDP SPECIALISTS ALL FEES COMPANY PAID PROFESSIONAL RECRUITERS, INC. P.O. Box 24227 Omaha, NE 68124 1-800-225-2885, In NE (402) 397-2885 VICE PRESIDENT & AG LENDING OFFICER, possible #2 position, good loan record preferred___ Salary to $40,000 EXECUTIVE VICE PRESIDENT for community bank in northwest Io w a .............................................. Salary $35,000 AG LOAN OFFICER possible #2 man for holding company bank in central Io w a ...........................................Salary open POSITIONS WANTED May, 1986 IA State Unlv. graduate with BS degree in agri cultural business seeking employment in AG BANKING. Specializing in ag finance & farm mgt w/animal science emphasis. Teller exp. in major Omaha Bank. Contact Cur tis Brown, 747 Pammel Ct., Ames, IA 50010 (515) 296-7971. (PW) TRUST ADMINISTRATOR COMMERCIAL REAL ESTATE OFFICER for major holding company bank, must know secondary market procedures ......................................................................Salary to $50,000 VICE PRESIDENT/LOAN REVIEW OFFICER for a holding company bank in central Iowa ............................ to $45,000 COMMERCIAL LENDING OFFICER for two key Iowa banks, excellent opportunity for right person . Salary open PRESIDENT A CEO for $50 million asset midwest bank. Good earner with clean loan portfolio ............ Salary open AG LOAN OFFICER for eastern Iowa bank. Requires 2-5 years lending experience.............................. Salary $25,000 Large Iowa Bank seeks individual to administer personal trust and estate accounts in $100MM de partment. Prefer 1-2 years experience in trust, or other related financial services. Excellent growth opportunity and compensation program. Send let ter of inquiry and resume to File WES c/o North western Banker. An Equal Employment Opportunlty/Affirmative Action Employer. EDP AUDITOR business or computer science degree for central Iowa lo catio n................................. Salary to $28,000 Please call Malcolm Freeland or Cy Kirk in care of: Freeland Financial Service 1010 Equitable Bldg. Des Moines, IA 50309 515/282-6462 Employer pays fee. WANT TO BUY TEXAS INVESTORS interested in acquiring a midwest fi nancial institution with real estate and insurance agency. Asset size from $5M to $150M. Send replies to File No. WEQ c/o Northwestern Banker. (WTB) B A N K IN G [ FARM MANAGER AND AG LOAN OFFICER. Aggressive individual with Masters Degree, eight years plus experience in $250 + mm bank. Great people [ and lending skills .........................................Call MarJ CASHIER/DIVISION MANAGER. Successful bank | operations officer with tremendous business devel| opment and public relations. Managing 100+ peopie for main bank and branches .................CallMarj ! VICE PRESIDENT. Remarkable credit and loan skills. Heads up ag portfolio in $100 + mm holding i company bank. Excellent background! . . . Call Marj | PRESIDENT/CEO. Commercial background with ag loan workout experience. Proven business development success and good administration skills ........ ;| 1 | I I I 1 | | i ASSISTANT VICE PRESIDENT. Supervises installment loan department. Assist with commercial and real estate. Very low percentage of past due. Handles all dealer financing. Strong on compliance 1 I | | 3 I f 1 | I VICE PRESIDENT. Proven track record rural ag' 1 \ bank. Handles all types of loans and knows opera- I tions also ..................................................... Call Dean I j SENIOR VICE PESIDENT. Supervises all operations | : and clerical personnel. Handles own credit lines in I ag, commercial and consumer.....................Call Dean 1 i COMMERCIAL BANKING OFFICER. Excellent busi- | : ness development skills. Staff Auditor, strong on 1 credit analysis and working financial worksheets .. i i ........................................................................Call Dean TRUST ADMINISTRATOR. Experienced #2 Trust Of ficer administering a $350mm trust. B.B.A., J.D.........§ I VICE PRESIDENT MORTGAGE LENDING. Working j with $14mm in commercial and residential mort- §• gages. National R.E. School g ra d ............ Call Bruce §J ! COMMERCIAL DEPARTMENT HEAD. Successful I business development record. Supervises aggres-1 sive business marketing program .......... Call Bruce || NEAR NEW BRANDT CURRENCY COUNTER. Call 515756-3361. (FS) KORDEX MODEL 80 LEKTRIEVER for following letter or legal size material; 1191/ i ” high with 1,586 filing inches capacity. Will need to be reassembled. Contact Mike at (308)995-6531.______________________________ (FS) BURROUGHS B920 computer-complete processing sys tem for 80 megabyt fixed disk drive. Contact Citizens Sav ings Bank, Afton, lA (515) 347-8423. (FS) BURROUGHS S1600 • 12 POCKET PROOF MACHINE with Mini Disk Drive, has been under maintenance. Replaced with newer machine. Contact James Foy at Community State Bank, Clear Lake, Iowa (515) 357-6174. $2,500 or best offer. Also BURROUGHS SINGLE POCKET PROOF MA CHINE $250 or best offer. (FS) POSITIONS AVAILABLE LOAN REVIEW • lead bank of major midwestern holding company. Requires degree and minimum of two yrs. loan review experience in large bank environment. $28K COMML. LOAN - $100M suburban affiliate of large multi bank holding company. Strong technical skills and 3 yrs. or more experience. $30K INSTL. LOAN • manage consumer department for $80MM suburban bank. Ideal candidate will have five yrs. Instal. lending background Including dealer paper. $30K CEO - small rural bank located close to recreational area. Work out situation. Ag credits not the problem. $38K AGRI LOAN - primary responsibility for all Ag credits in $25MM community bank. Assist with commercial loans. $35K Additional opportunities available. Resume requested. (personnel Search 1126 So. 72nd St. Omaha, Ne. 68124 TOM HAGAN & ASSOCIATES 2024 Swift - Box 12346 North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry Since 1970” Vol. 14 No. 49 Northwestern Banker Newsletter (USPS 873-300) Is published weekly by the Northwestern Banker Company, 1535 Linden Street, Suite 201, Dee Moines, Iowa 50309, (515) 244-8163. Subscriptions $1.00 per copy, $18.00 per year. Second class postage paid at Das Moines, Iowa. Address all mall subscriptions, changes of address (Form 3579), manuscripts, mall Items to above address. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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