The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Vol. 12 No. 4 Des Moines, Iowa May 16,1983 holding measure, instead of the face saving compromise for the Republi signatures on a discharge petition cans. Knowing that President Rea that would force the bill from Chair gan has said he would veto any re man Rostenkowski’s committee to peal of the withholding, it looks like the floor for a vote. The first time House Democrats will tack their that could be done under established repeal bill onto the federal debt ceil ing bill, which m u st be acted on by House procedures is May 23. This delay offers the Chairman May 26 before adjournment. If the Senate then rejects the time to act on the bill and avoid the embarrassment of discharge. The House repeal bill, the matter would Senate’s four-year delay bill would, have to go to a conference commit tee. If the Senate chose to accept such a measure, the bill would go straight to the President, with the critical federal debt ceiling bill, for his signature—or veto. The confer ence committee could be avoided and still work out a compromise through some very tricky, difficult parliamentary moves. To make any impact consistent with his previous hard stand, Sen. Dole would be placed in the position of having to pursue the compromise the Senate approved; however, his choices are questionable at this point because the ball is in the as noted, save face for Sen. Dole, who vigorously opposed the bankers House court, with the majority as on their repeal and delay efforts, and “ unfriendly” players. Ah, politics, what would we do would do the same for the President. without that game? Tune in next Enter politics! □ Chairman Rostenkowski, who has week for the next chapter! been around the block a few times Sales and Service Seminar himself, has until May 23 to take ac tion. A t press time late last week it Planned for June 8-10 appeared that the Ways and Means Frank Kurtenbach, sales manager Committee was well on its way to of internationally known Daktronward repealing outright the with ics, Inc., has announced that the 2nd Withholding Bill Takes New Twist REN’T politics fun? To prove that point, just follow the yellow brick road to the nation’s capitol in Washington, D.C., and watch the deals as they’re cut! For bankers, the current preoccupation is with the fate of the effort to delay or repeal the previously passed bill that would require withholding at source of 10% tax on interest and dividends. After ramming it down the throats of the nation’s taxpay ers, and the banking lobby that vig orously opposed it, the Senate later relented and voted to delay the effec tive date from July 1,1983, to 1987. The bill went to the House where Ways and Means Committee Chair man Dan Rostenkowski (D., 111.) bot tled it up in his committee, which gave it the security of being shielded by House tradition from the clutch es of House supporters of the Senate delay compromise that was struck to save face for M ajority Leader Sen. Robert Dole (R., Kan.) and President Reagan, who had said he would veto a repeal bill. However, House supporters of the compromise who felt it would be wise to respond to the thousands of constituents who wrote to them and said, “ Get rid of that bill,” achieved an almost unheard of success. For only the second time in House his tory, they went through the House and obtained the necessary 218 A S K T E R R Y M A R T IN to make MNB work for you. Toll free: 1-800-332-5991 Merchants National Bank i l l M e m b e r F .D .I.C . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A B A N K S O F IO W A ’ B A N K County Bank, has announced the promotion of John Abbott to vice president, commercial loans and marketing. Mr. Abbott has been with the bank over four years. Professional ... Responsive... Call Mark Christen for any correspondent service. Call toll free (800) 622-7262 Valley National Bank ¡3 D E S M O IN E S , IO W A 5 0 3 0 4 A B A N K S O F IO W A B A N K Member FDIC Annual National Sales and Service Seminar will be held June 8-10 in Brookings, S.D. The seminars and workshops are designed to help present and future customers gain maximum benefits from their scoreboard and informa tion display equipment. Seven of the top management peo ple of the comprehensive Daktronics staff will serve as the faculty and seminar leaders for the three-day program. Guest speakers will in clude: Dr. Aelred Kurtenbach, co founder and president of Daktron ics; Orv Bies, tournament director of the Minnesota High School Associa tion and chairman of the National Federation Track and Field Rules Committee, and Dr. Charles L. Roggiers, associate professor of manage ment at the University of South Dakota and a consultant to business and industry. For Registration information call (605) 692-6145 or 800/843-9879 (EX, AK, HI, SD) or write Daktronics, Inc., P.O. Box 128, Brookings, S.D. 57006-0128. CRETE: William R. Fulton, presi dent, City Bank & Trust Co., has an nounced the appointment of Tom Koziesek to vice president in the areas of operations and loans. Mr. Koziesek joins the bank from Mid west Federal Savings and Loan As sociation, where he was manager of the Crete office. portfolio, joined the bank in Feb ruary, 1983. Previously he was president and chief executive officer GRAND ISLAND: LeMoyne Monof the First National Bank of Colfax, son has been promoted to vice presi dent of First National Bank of where he had been since 1980. Grand Island. Mr. Monson, who has WATERLOO: Pete Petersen has been with the bank for 20 years, cur recently joined the staff of Peoples rently serves as electronic data pro Bank and Trust Holding Company cessing coordinator and manager of as assistant vice president of human the leasing department for Bankresources. Mr. Petersen previously shares of Nebraska, Inc. served as human resources officer of First Bank of South Dakota, Rapid HASTINGS: Michael Jacobson, for City, S.D., where he has been since mer head of agricultural lending for City National Bank and Trust, has 1969. been elected executive vice presi dent and senior loan officer by the Nebraska News Don G. Johnson was advanced to bank’s board of directors. The pro the presidency of the Nebraska motion completes the management Bankers Association for 1983-84 at reorganization that has occurred at the 86th annual convention in City National over the last 18 months. Omaha on May 5. Mr. Johnson is president of Farmers National Bank LIN D SAY: Mrs. Lorene Oberin Pilger. He succeeds Harold P. hauser, who joined the Bank of Lind Stuckey, president, Lexington State say in 1969, has been promoted to Bank & Trust Company. Newly-elec vice president. Succeeding her as ted president-elect is A.C. (Skip) cashier of the bank is Mrs. Geraldine Hove, Jr., chairman, Minden Ex Ditter, who has been assistant cash change Bank. Mr. Stuckey was elec ier. She joined the bank in 1972. The ted to a two-year term from Nebras new assistant cashier is Mrs. La vorine Nygren, an employee of the ka on the ABA Council. Ray Tiedje, Iowa News Bank of Lindsay since 1976. president, Bank of Norfolk, was ap DES MOINES: James Eiler has pointed to the new post of ABA been named senior vice president - state membership chairman. The STERLING: Adrian Falgione has senior lending officer of United Cen two weeks of indoctrination for new been advanced to vice president of tral Bank, according to Robert G. NBA committee chairmen will be the Bank of Sterling, in charge of its Millen, president and chief executive the last two weeks of June at Indian officer. Mr. Eiler, who will have the Hills Country Club in Beemer. Estate Appraisals responsibility for direction of the bank's commercial services group BLAIR: Robert J. Duden, executive Purchase o f and management of the overall loan vice president of the Washington Collections An important new profit center for your bank: ■ Sale o f Rare Coins Contact: Leroy Bell or Milt Hennick 319-291-5412 a com puterized w local billing/credit service National Bank of Waterloo 315 East 5th St. • W aterloo, IA 50704 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member Federal Reserve System FDIC Reliable and respected service for over 20 years Used by bankers throughout the midwest Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 Supplement to Northwestern Banker Newsletter 5-16-83 W hen you're fighting for profit^ United Missouri's your muscle. w? ut all the strength of United [■ __ I Missouri’s Correspondent Banking Departm ent to work for your bank. You’ll never again w aste your precious tim e tracking down the latest changes in federal regulations. W e keep up with the regulations and research for you. p x j ’ll never again call bank after bank to find the services an c ^ system s you need to keep your bank running sm oothly, W e offer them all. United Missouri’s Correspondent Bankers have the answers to your questions. If your bank or your customers have a need, w e’ll do our best to fill it All in all, United Missouri just might be your best ally in the battle for profits. Discover how. Catt your United Missouri Correspondent S an kerto d ayi;: llSih.U N IT E D M IS S O U R I B A N K of Kansas C ity; n.a. ; ¡United w e grow« Together. ' 10th and Grand ■ P.O. Box 226 Kansas City, Missouri 64141 (816) 556-7900 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MFHutton One Carriers Building Des Moines, Iowa 50309 Telephone: (515) 243-1203 NEW ISSUE Moody’s: A1 We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion: $850,000 FAIRFIELD, IOWA General Obligation Bonds DATED: June 1,1983 DENOMINATION: $5,000 Both principal and semiannual interest (June 1 and December 1; first coupon due December 1,1983) payable at the office of the City Treasurer, Fairfield, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES. MATURITIES $60,000 60,000 $70,000 $75,000 $80,000 $85,000 8 1/2% June 1,1984 June 1, 1985 8% June 1,1986 6.30% June 1,1987 6.60% June 1,1988 6.80% June 1, 1989 5.25 5.70 $ 95,000 $100,000 6.10 7.10 7.30 $110,000 June 1, 1992 7.70% 7.50 $115,000 June 1,1993 7.70 6.35 6.60 7.10% June 1,1990 7.30% June 1, 1991 7 1/2% 6.85 LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, DES MOINES, IOWA c T*]? °* Fairfield, county seat of Jefferson County, is located in southeastern Iowa approximately 115 miles southeast of Des Moines. Fairfield serves as a commercial, financial, educational, employment and cultural center for the prosperous surrounding agricultural area A very active Industrial Development Corporation, elected City officials and the Chamber of Commerce have for several decades encouraged industrial development. The result was a highly diversified economic base. A few of the larger employers include: Crane and Monorail Systems, Division of Acco Babcock, Incorporated (automatic overhead monorail handling equipment); the Dexter Company (domestic and commercial laundry equipment and one of the largest gray iron foundries in the Midwest); Fairfield Aluminum Castings Co. (sand and perma nent mold aluminum castings); and Rockwell International Automotive Products Division (universal joints and drive line assemblies). Transportation is furnished by U.S. Highway 34, State Highway No. 1 and several all-weather farm-to-market roads. Commercial airline ser vice is available in nearby Ottumwa and Burlington. The community is served by two commercial banks with deposits exceeding $87 080 000 and a savings and loan association with deposits of $26,278,000. These bonds are being issued to pay a portion of the cost of constructing various improvements within the City and to refund outstanding warrants and accrued interest thereon issued as temporary payment therefor. FINANCIAL STATEMENT Actual Value Taxable Property, 1982 Assessed Value Taxable Property, 1982 Direct Debt, including this issue Net Direct and overlapping debt $149,594,664.00 117,629,162.00 966,000.00 1,204,807.00 Population, 1980 Census: 9,428 Net Direct Debt: Combined Net Debt: $102.46 per capita $127.79 per capita 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 are based. Bonds of a particular m aturity 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 Supplement to Northwestern Banker Newsletter 5-16-83 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 CALL ON THE “ PERFORMANCE TEAM where comm on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street • Lincoln, Nebraska 68501 » Member, F.D.I.C. • ^ management. His advancement fol lows the promotion of Jay Lovitt to president of the Johnson County Bank at Tecumseh. Mr. Falgione has been assistant cashier at the Johnson County Bank for the past two years, helping with the opera tion of the bank and in the lending department. Minnesota News ^ ^ ^ ^ ® • ^ • • MAPLE GROVE: James Heig, president of Norwest Bank Maple Grove, has announced thè election of Thomas A. Dudich as vice president in charge of mortgage banking. He replaces Roger Helm, who has been elected assistant vice president of Norwest Mortgage, Inc. Mr. Dudich previously was with Union Bank and Trust, Minneapolis, and FBS Homes and First National Bank of Hutchinson. MINNEAPOLIS: Richard B. Hume has been promoted to vice president and senior trust officer at F&M Mar quette National Bank, according to Carl R. Pohlad, president. Mr. Hume previously was vice president of Marquette Capital Management Corporation, a wholly owned sub sidiary of F&M Marquette. He will retain officership in that corporation but will also assume management responsibility for its profitability as well as for the trust department of the bank. assistant controller. Mr. Senn joined in 1980 also as assistant controller. Mr. Torfin joined in 1966, transferred to Fargo, N.D., and later rejoined as customer service manager. Illinois News CHICAGO: Albert F. Naveja has joined the Sears Bank and Trust Company as a senior vice president in charge of the corporate and inter national banking divisions within the banking group. He formerly was vice president of the international banking group of the Harris Trust and Savings Bank. NAPERVILLE: Harris Bankcorp, Inc. and the bank of Naperville re cently announced the signing of a letter of intent under which Harris would acquire 100 percent of the capital stock of Bank of Naperville. The agreement calls for a cash pur chase transaction of $12,731,000, or $53 per share for each of the 240,208 Bank of Naperville shares. Located at 503 North Washington Street in west suburban Naperville, the bank also has a service facility at Aurora and Washington streets in Naper ville. ST. PAUL: American National Bank recently announced the pro motions of Robert B. Buck to senior vice president, finance and opera tions; Gary M. Senn to vice president and controller, and Duane G. Torfin to data processing officer. Mr. Buck joined American in 1975 as South Dakota News VERMILLION: Richard Lambert has been promoted to vice president of the Vermillion Branch of First Bank of South Dakota. Mr. Lambert transferred to Vermillion in 1979 as assistant vice president and assis tant manager. Montana News BILLINGS: Don Hanson, vice pres ident and cashier of First Citizens Bank, has received his certification as a CPA. Mr. Hanson began his banking career as a staff auditor at Northwestern National Bank of Minneapolis in 1969. GREAT FALLS: A t First National Bank, Jere B. Davis has been ap pointed chief credit officer and James L. Purdy has been named manager of the commercial loan de partment. Promoted to assistant vice president status were: Deborah D. Ducas, marketing, and William J. Pledge, property and security. Wyoming News THERMOPOLIS: Louis Walrath, president of First National Bank, has been elected chairman of the board and chief executive officer. Succeeding him as president is Gary Jinks, executive vice president of the bank. Mr. Jinks joined First Na tional Bank’s staff earlier this year. Colorado News ARAPAHOE: James H. Hesman has been promoted to vice president of Colorado National Bank. Mr. Hes man has over 16 years of banking experience beginning with The Cat tle National Bank in Seward, Neb., in 1967. DENVER: G. Michael Moore has been appointed vice president and manager of the Denver Energy Of fice of Norwest Bank Minneapolis, N.A., (formerly Northwestern Na tional Bank of Minneapolis). Mr. Moore will have responsibility for the division’s oil and gas lending and investment activities. Prior to joining Norwest in April of this year, Mr. Moore was first vice presi dent, corporate finance, of the Denver office of Rotan Mosle Inc. Loan participation through us can help improve your bottom line For that reason, banks in Iowa depend on Correspondent Banker Dick Flesvig ♦ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis First Bank Saint Paul Member First Banki System Correspondent Banking Division 332 Minnesota Street Saint Paul, Minnesota 55101 (612)291-5577 $85 m illion southeastern Montana bank has an immediate opening for an AG LOAN OFFICER w ith a bility to take charge of ag loan portfolio. Ex perience very Important. Must be able to deal w ith ag people and be fam iliar w ith ag credit, real estate mortgages, cash flow projections. Please send resume and salary requirements to: First Security Bank & Trust Box 250 Miles City, Montana 59301 (PA) POSITION AVAILABLE A ffiliated Midwest Bancs Inc., a progressive group o f six banks is looking for a COMMERCIAL LOAN OFFICER for a $33 m illion bank in S.E. Nebraska; and an AGRICULTURAL LOAN OFFICER for a $60 m illion bank in central Iowa. Prefer 3-5 years experience fo r both positions. Salaries commensurate w ith experience. Send resumes to Jack Ayres, P.O. Box 486, Bellevue, NE 68005. (PA) AG LENDER for central Iowa bank. Several years lending experience required. Operations and/or com puter exper ience a plus. Send resume and salary history in strict con fidence. Salary commensurate w ith experience. W rite file TBT, c/o Northwestern Banker. (PA) PRESIDENT—$24 m illion bank in Fort Madison, Iowa. Must have lending background and a bility to produce a high performance bank. Contact: Larry Wenzl, P.O. Box 1622, Des Moines, Iowa 50306. Phone: 515/244-5111. (PA) Ag Loan Officer— Northwestern Illinois $50 m illion com m unity bank needs an Ag Loan O fficer w ith minimum of 3-5 years experience. Excellent opportunity in a good rural community. Call Andy Rogers, First National Bank of Galena, IL. Phone: (815) 777-0344. (PA) INSURANCE MANAGER WANTED: 500,000 agency in Mountain Lake, MN. Salary $20,000 to $30,000 plus com mission. Experience needed. Call or send resume to: James G. Sneer, Farmers State Bank, Mountain Lake, MN 56159. Phone: 507/427-2422._________________ (PA) CORRESPONDENT BANK OFFICER fo r one of Iowa's ten largest banks. Strong lending background w ith opera tional experience. Send resume. Write file TBV, c/o North western Banker. (PA) Bank affiliated agency has immediate opening for ex perienced INSURANCE AGENT. Please send resume or direct inquiries to: Larry Stobbs, P.O. Box 69, North Platte, NE 69103, Phone: 308/532-5570. (PA) BANKERS AVAILABLE FOR SALE AG LOAN OFFICER Four-window bank teller counters with returns—cherry wood and form ica, black marble deal plates. Available im mediately. Call National Bank of Rockwell City, Rockwell City, Iowa, Ted Stacy, Vice President. Phone: 712/297-7547. __________________ (FS) 3 BURROUGHS L9 MACHINES— 1 not on maintenance but in use $1,000.00; 9500 on maintenance + reader $2,000.00; 9900 on maintenance + reader $3,000.00; S1200 Proof on maintenance $1,500.00. Contact Lois, Bank of Toronto, SD. Phone: 605/794-4811._______________ (FS) EASTERN MISSOURI STATE BANK, 80% ownership of bank, 100% o f approved holding company, assets over 10 m illion, 1.75 tim es book value. Price $1,300,000. Serious and qualified buyers only. W rite National Banking Com pany, P.O. Box 14634, West Omaha Station, Omaha, Nebraska 68124. (FS) MARKET RESEARCH COMMUNITY ATTITUDE SURVEYS ...Since 1937 Central Surveys, Inc. P.O. Box 100 Shenandoah, Iowa 51601 ____________ (712) 246-1630 CEO of high performance bank seeks new challenge w ith Upper Midwest com m unity bank in or near a c ity of 10,000 population..............................................................Salary Neg. Commercial Lender, age 36, over 10 years o f experience w ith multi-bank holding company - proven track record -solid references...........................................................$38,000 Senior Ag Lender, age 40, Iowa State Grad., handles $20 m illion portfolio with m inimal charge-offs. Could be strong second man...................................................................$40,000 CEO heading com m unity bank for major m ulti-bank holding company seeks position in Minnesota/Wisconsin area. Excellent references................................... Salary Neg. Commercial Lender, 40, over 10 years experience in $80 m illion bank. Works heavily in inventory and accounts re ceivable financing...........................................................Salary $35,000 Marketing Executive w ith commercial lending experience w ith major midwest bank...............................................Salary $40,000 Attorney experience in trusts and estates plus high perfor mance investment record.............................................. Salary $45,000 Ag Lender w ith over 20 years o f experience and excellent record. Prefers central or southern Io w a .. . .Salary $28,000 Auditor w ith multi-bank holding company. Over 15 years experience — CPA d e g re e ........................................... Salary $36,000 Installment Lender w ith multi-bank holding company. Seven years experience and college degree. Prefer north ern or central Iowa.......................................................... Salary $23,500 V.PJCashler w ith heavy operations experience. Prefer eastern Iowa or Illinois location....................................Salary $25,000 TOWN HOMES FOR SALE At Pre-Construction Prices W ith 12V2%* Financing Available DWAYNE SMITH Paradise Properties Box S Dillon, Colorado 80435 Phone 1-800-922-2590 ‘ Subject To Change EXECUTIVE BANK RECRUITING Why Not a Higher Paying Position? Call us and lets talk about your banking career. R.E.B. & Associates Executive Search Consultants 13625 C. St., Omaha, Nebraska 68144 Phone: 402/333-8248 or 333-6604 Ag Lander w ith Iowa State Degree and one year’s ex perience with major bank...............................................Salary $17,000 Ag Lender w ith Iowa State Degree and seven years ex perience........................................................................... Salary $30,000 If you need qualified office r material, call or w rite Malcolm Freeland, Freeland Financial Services, Inc., 1032 Carriers Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays modest fee. GENERAL SERVICES If you are concerned about the current I.B.A dues struc ture, w rite file TBU, c/o Northwestern Banker. (GS) SERVING PROFESSIONALLY Banking, Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 POSITIONS AVAILABLE CEO for central Illinois com m unity bank o f $20 m illion. Must have good track record in lending and adm inistration plus college de g re e ...........................................Salary Open. Commercial Lender for eastern Iowa m ulti-bank holding company located in larger city. Must have extensive com mercial loan experience............................. Salary to $45,000 Senior Ag Lender for major Iowa bank. Must have ex perience in dealing w ith larger ag loans plus ag degree. Bank experience essential..........................Salary to $45,000 Commercial Lender for major Iowa bank. Must have three or more years in commercial lending/documentation plus college degree.............................................. Sslary to $40,000 Chief Operations Officer for bank located in suburb of Twin Cities. Must know internal operations and be a good a d m in is tra to r..............................................Salary to $30,000 Commercial Lender for Wisconsin bank - a member of multi-bank holding company. Excellent future opportun ities..................................................................Salary low$30s Ag Lender w ith two or more years o f bank experience and operations background for northwest Iowa community bank. Must be oriented to smaller town and ag area. Salary $28,000 Ag Lender for larger com m unity in southern Minnesota. Must have banking experience of at least tw o years and college degree in ag................................... Salary to $30,000 Ag Lender for eastern Iowa com m unity. Should know operations........................................................Salary $25,000 Ag Lender for northern Illinois bank located in scenic area. Must be experienced in a com m unity bank and be able to go right to w ork...............................................Salary $26,000 Operations person for southern Iowa county seat town. ........................................................................... Salary $23,000 W rite or call Malcolm Freeland o f Freeland Financial Ser vices, Inc., 1032 Carriers Bldg., Des Moines, IA 50309. Phone 515/282-6462. Employer pays fee. WANT TO BUY USED IN-HOUSE IBM or DIEBOLD ATM. C ontact R. Greeson, Hayesvllle Savings Bank, Hayesville, Iowa 52562. Phone: 515/622-2337. (WTB) POSITIONS AVAILABLE OPERATIONS—$50MM com m unity bank. Handle internal operations, reports and personnel. Degree preferred. $30,000 PRESIDENT—small rural bank close to larger city. Background in Ag lending and previous adm inistrative ex perience desired. $35,000 CORRESPONDENT OFFICER—bank operations and sales background preferred. Sixty percent travel involved w ith vehicle furnished. $25,000 + CASHIER—a ffilia te of large M issouri holding company. Responsible for operations and accounting functions. $28,000 COMMERCIAL LOAN—addition to s ta ff o f large surburban bank; 1-2 yrs. exper. w ith commercial loans and degree required. $24,000 OPERATIONS/CONTROLLER— accounting degree and minimum 3 yrs. bank experience. $28,000 AGRI LOAN—$20MM rural bank needs experienced Ag o f ficer to oversee lending function. $26,000 Forward resume' and salary history. All inquiries confidential. TOM HAGAN & ASSOCIATES of Kansas City 2024 Sw ift - Box 12346 North Kansas City, MO 64116 816/474-6874 _______ “ Serving the Banking Industry Since 1970” Vol. 12 No. 4 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, $18.00 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
@FedFRASER