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»TO I ST 1 Vol. 7 No. 5 Des Moines, Iowa May 29,1978 Let Short-term Interest Rates Seek Natural Market Levels “ For too long, the Federal Reserve System has been under intense pres sure to attempt to control rising * interest rates and inflation , I both at the same time.” This is the comment made by Lawrence K. Roos, president L. K. ROOS of the Federal Reserve Bank of St. Louis. He identified “ governm ent, certain econ om ists and the financial community itself” as the principal sources of such pressure. “ It is my very strong belief that pursuit of these dual goals, is self-defeating,” said Mr. Roos, addressing the Mississippi Bankers Association in Biloxi, Mississippi. “ We cannot do both,” Mr. Roos said. “ We cannot seek to control inflation and to stabilize short-term interest rates, all at the same time, because the methods the Federal Reserve must use to hold down short-term interest rates are themselves inflationary.” The Price of Credit Mr. Roos says that most people do not fully understand that an interest rate is a price ... the price of credit... and this price fluctuates like other prices in a free market, according to supply and demand. “ If monetary policy is designed to prevent interest rates from rising, the Federal Reserve must supply more credit to the economy, and this simultaneously causes the money supply to expand,” Mr. Roos said. This, he says, is inflationary. He said the only way to control inflation is to let short-term interest rates seek their natural market levels. But, he added, the Federal Reserve, like other institu tions, is subject to pressures from groups “ which traditionally have seen higher interest rates as something to be avoided.” Mr. Roos singled out government and business as important sources o f pressure for interest rate stabilization. Government Spending Referring to government, he asserted, “ Interest rate stabiliza tion enables the government to grow and consume a larger share of our resources without approval by the public.” In explaining this, he pointed out that government must finance its spending either through increased taxes or borrow ing in the private credit markets, and that the electorate can resist increased spending by refusing to accept higher taxes or higher interest rates. If the Federal Reserve is required to stabilize interest rates, the public is deprived of an important constraint on government spending. Mr. Roos pointed out that “ the financial community has a vested but sh ort-sigh ted interest in stabilization of short-term interest rates. As long as interest rates are kept within narrow bands by monetary authorities, it is easier to estimate the short-term cost of money, to plan loan commitments, and to know that reserves will be supplied at a known price. However, such benefits Eire short lived. We forget that, due to inflationary expectations and de mands for higher long-term rates by lenders, the prices of interest stabilization for one month may be higher variability two or three months hence.” NETS Files Complaint With Banking Department The board of directors of the Nebraska Electronic Transfer Sys tem (NETS) has taken formal action to clarify the intent of Nebraska legislation which allows commercial banks to engage in off-premise electronic banking acti vities. The board has filed with the Department of Banking and Fi- CALL ON THE “PERFORMANCE TEAM” where common transactions are handled uncomm only well. ■ I l'V , ' ■ - * ■ m ill I FIRSFNATIONAL LINCOLN https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. A good correspondent bank relationship is still built by good people. Yours and ours. Terry Martin Vice President Call me toll free . . . 800 332-5991 - Merchants s6h National Bank B l C edar Rapids. Iowa 52401 A ‘B A N K S O F IO W A B A N K nance a formal complaint which through terminals currently being alleges that certain Nebraska banks operated by various Omaha and are engaging in discrimination Lincoln commercial banks. In another action, the NETS against the customers of other Nebraska banks seeking to use board officially declined to offer to their electronic terminals. The certain Nebraska sawings and loan complaint requests the Department associations a cost for the licensing to immediately conduct its own oi: the use of software which NETS investigation to determine the developed and utilizes to operate extent of compliance or noncompli its central switching facility in ance with Nebraska law by every Omaha. The decision to decline licensing banking institution engaged in of the software was based on electronic funds transfer. The N E TS com plaint cites assumptions that the move could sections of Nebraska law which have antitrust ramifications, and require off-premise terminals to be that the savings and loan associa available on a nondiscriminating tions which made the request are basis to handle transactions origi large enough to develop their own nated by customers of user banks EFT switching facilities. In addi (other banks in the state which tion, N ETS informed the savings have issued plastic transactions and loan associations that NETS has not yet established a cost or cards). NETS officials said the com operating history which would plaint was filed with the Depart make it possible to set a fair and ment after an investigation by reasonable price for licensing the NETS. The investigation included software for use by others. attempts to conduct transactions Supreme Court To Decide Cal! your roving correspondent at Bankers Trust Use our to ll-fre e WATS line: 800-362-1688 Member: F.D.I.C./Federal Reserve System https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Credit Card Interest Rates The U .S. Supreme Court has agreed to decide whether national banks may charge the higher credit-card interest rates of their home states to out-of-state custo mers. The justices said they will review appeals by Minnesota officials and a Minnesota bank who object to the 18% interest rate a Nebraska-based national bank charges its BankAmericard customers in Minnesota. National banks in Minnesota are prohibited by state law from charging their B ank-A m ericard customers more than 12% in annual interest. A t issue is the meaning o f a 114-year-old federal banking law and whether it takes precedence over a 1976 Minnesota law state officials want applied to all banks doing business in the state. The Minnesota Supreme Court ruled that the National Bank Act of 1864 authorizes national banks to charge a nonresident credit card customer an interest rate on unpaid balances allowable in the state where the bank is located or the interest rate of the customer’s state—whichever is greater. State officials and the Marquette National Bank of Minneapolis, which operates its own BankAmericard service for which it is allowed to charge 12% interest on unpaid balances, sued the First of Omaha Service C orp, in 1976. The corporation is a subsidiary of the First National Bank of Omaha, organized to engage in the credit card business. The state and the Minneapolis bank charged that the Omahabased bank has to abide by the state’s 12% interest ceiling for credit card accounts. The N ebraska bank began solicitin g M innesota custom ers because it felt it could attract them with its “ free” credit card use, charging no membership fee. The Minneapolis bank, although charging less interest, was permit ted understate law to charge a $15 yearly membership fee. Iowa News ALDEN: Robert J. Chrisjohn, cashier of the Alden State Bank, recently retired. He was then elected to the bank’s board of directors. James A. Boelman has been elected cashier of the bank succeeding Mr. Chrisjohn. Mr. Boelman has previous banking experience with the Union Story Trust & Savings Bank in Ames and the North Iowa State Bank in Belmond. KALONA: The Kalona Savings Bank will hold an open house in its newly expanded banking facility on Saturday, June 3, according to Gene L. Johnson, president. The adjoining building was purchased and remodeled into additional office space, conference room and vault. A pork barbecue will be held in the bank parking lot in conjunction with the open house. LISBON: Eugene R. Kaiden has joined the Lisbon Bank & Trust Co. as vice president and trust officer. He formerly was cashier of the Farmers Savings Bank in Walford. He will continue as a director of that bank. Mr. Kaiden replaces Harry W . (Bud) Sizer who resigned Carletox D.Beh Co . -4 NVESTM ENT S E C U R IT IE S TELEPHONE 2 8 8 - 2152 AREA CODE 515 D E S M O I N E S B U I LD I N G Des Moines,I owa NEW ISSUE MOODY’S: “Aa’ S & P : “A + ’ $ 6 , 600,000 BLOOMINGTON, MINNESOTA Permanent Improvement Revolving Fund Bonds of 1978, Series 17 Dated. May 1,1978 Denomination: $5,000 Both principal and semiannual interest (February 1 and August 1, first coupon due February 1,1979) payable at the Northwestern National Bank of Minneapolis, Minneapolis, Minnesota. ! K J ^ 0F,NI0N 0 F C0UNSEL INTEREST o n t h e s e b o n d s is e x e m p t f r o m a l l p r e s e n t f e d e r a l INCOME TAXES. MATURITIES 4,40% $1,250,000 February 1.1979 4.20 1.250.000 February 1.1980 4.40 4.70% 750.000 February 1.1981 4.50 1.250.000 February 1.1982 4.60 1.125.000 February 1.1983 4.70 5.00% 125.000 February 1.1984 4.80 125.000 February 1.1985 4.90 125.000 February 1.1986 5.00 125.000 February 1.1987 5.00 5.20% $ 125,000 February 1,1988 125,000 February 1,1989 125,000 February 1,1990 5.40% 25,000 February T, 1991 25,000 February 1,1992 5.50% 25,000 February 1,1993 25,000 February 1,1994 5.10 5.15 5.20 5.30 5.40 5.45 5.50 M^NNEAPOL?SBMINNESOTAD BY LE FEVERE' LEFLER' PEARSON, O'BRIEN & DRAWZ, ATTORNEYS, rnoominntnn ?k V S0Hth ° f+.MinneaP°lia and «s the fourth largest city in the State of Minnesota. Many of the residents of ? nnn J 9t. are.e^ P ,oyed throughout the metropolitan area. Major employers located in Bloomington are: Control Data Corp (over F r K f S 8 >! Thermo King Corp (1 000-1,999 employees): ADC Products, Div. of Magnetic Controls Co.; Donaldson Co.', Inc fhmTn^n r!? Co™P?me?; H,tcbcock & Sons, Inc.; John Deere Co.; Lakeside Industries, Div. of Leisure Dynamics, Inc. and thanT£ ftp£?O lir« i f f ° ymg 500_9®9 emP*oyees)- Bloomington grew from a semirural town to Minnesota’s fourth largest city in less thm.mh 'mh was .prompted and spurred by freeways reaching out from the metropolitan area population hub, adjacent to and (MinneapoMs-St ^ul°!nternatìóifal7aJOr 6301,6 SPOr,S " T C° mP'eX' a"d ° " 6 ° ' na,l° " 'S bUS'6St a"d m° S' m° dem These bonds are being issued pursuant to Minnesota Statutes, Chapter 475. The proceeds of this issue will be deoosits in the permanent improvement revolving fund and disbursed from there to the various construction accounts established as capital n f 0t <??.nstructl0n Projects are authorized. In the opinion of counsel, these bonds are legal and binding obligations of Win'be'¡¡aidnVimarMt8f°rìfmand 3 ,taxable pr°P.erty located therein is subject to the levy of sufficient taxes and additionally,9the bonds ÌTmitbasPuldra te ^? S i 5 m P assessments agamst benefited property to pay the principal of and interest on the bonds without FINANCIAL STATEMENT Market value of taxable property, 1977-78 Assessed value of taxable property, 1977-78 Net direct debt, including this issue Total direct & overlapping debt Population, 1977 estimate: 80,000 $1,235,223,480 438,105,637 54,187,000 72,932,928 Direct debt per capita: $677.34 Total debt per capita: 911.66 Tax collections have approximated 98.3% of taxes levied for the past five years. We own and offer subject to prior sale and change in price and subject to our attorney’s approving opinion. The information contained in this circular is not guaranteed, but is derived from sources we deem reliable https://fraser.stlouisfed.org and is that on which our purchase of these bonds was based. Offered subject to prior sale and change in price. Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * A 4 ik if m •* 4 4 1978 Continuing Education Programs m NOW AVAILABLE FOR ENROLLMENT i -i X For 33 years the Farm Management and Rural Appraisal Education Courses have been attended by more than 5,000 students, representing agriculture lenders, trust officers, trust depart ment staff, farm /ranch managers, mortgage loan officers, appraisers and others involved in the agriculture and financial sector. Emphasis in the week-long courses is given to offering the attendees expanded opportunities in continuing education for rural appraising and farm management. All programs are taught on a “ how-to-do” basis. An actual farm property is used as a case study. The faculty is composed of practicing professionals. Enrollment is open. RURAL APPRAISAL SCHOOLS June 4-10, Stillwater, OK June 18-24, Murfreesboro, TN July 16-22, East Lansing, Ml August 20-26, Bismarck, ND RANCH APPRAISAL SCHOOL June 11-17, Boise, ID EMINENT DOMAIN SCHOOL June 11-16, Stillwater, OK FARM MANAGEMENT SCHOOL September 11-16, Blacksburg, VA APPRAISAL/MANAGEMENT WORKSHOP September, Portland, OR ALSO AVAILABLE ARE. . . RURAL APPRAISAL MANUAL M Includes metric conversion tables, expanded glossary, five new rural appraisal exhibits. Book bound $12.00ea. 4 THE JOURNAL i j A For further information, con tact the American Society of Farm Managers and Rural Appraisers, P.O. Box 6857, Denver, CO 80206, (303 388-4858. À https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis For those in the agribusiness complex needing insights into property valuation, real estate investment, agricultural finance related areas. Semi-annual $8.00 per year. FARM-RANCH MANAGEMENT MANUAL Includes two management plans: a Midwest Farm and a prairie ranch. Book bound $12.00 ea. t A' yt, <* v w r- i - V 3 K> r K A I I» Supplement to the Northwestern Banker Newsletter 5-29-78 ^ v https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis V M A N LY: A t the annual meeting of the Manly State Bank, G. William Doubler was elected vice president and farm representative and Gerald D. Rickard was elected assistant cashier and instalment loan officer. as agricultural representative. He formerly was employed as an agricultural representative for the Farmway Credit Union in Beloit, Kan. SHENANDOAH: First National Bank, Omaha, will hold a seminar here on June 1 for its correspon dents in the Southwest Iowa area. Minnesota News WATERLOO: The National Bank of Waterloo has received consent to establish an office at Logan at Donald Street here. Nebraska News BELLEVUE: James P. O’Connor has been named president of Southroads Bank. He has been with the First Westside Bank for the past 11 years. Mr. O’Connor replaces R obert G rash off who resigned. CLEARW ATER: Dean Sladek has joined the Citizens State Bank as executive loan officer. LEXINGTON: Roger Chamberlin has been named vice president of the Farmers State Bank and Trust Company. He formerly was with the Bank of Papillion for the past six years. LINCOLN: Rod Johnson recently was elected president and director of Lincoln Bank South. He joined the bank one year ago after serving w ith the N ational Bank o f Commerce here for nine years. LINCOLN: William H. Riley, director of banking and finance, has announced that an application has been filed for a bank charter by South Ridge Bank, Inc., to be located at 27th and Old Cheney Road here. The proposed capital is $1,020,000. McCOOK: Dennis L. Ball has joined the McCook National Bank EDINA: Duane C. Brinkman has been elected assistant vice presi dent and manager of the sales finance department of the First Southdale National Bank. Prior to joining the bank he was an assistant vice president in the instalment loan department of the American National Bank of Den ver, Colo. LITCHFIELD: Bruce A. Pederson has been appointed agricultural loan officer for the Northwestern National Bank. Mr. Pederson has been with the First Northwestern National Bank of Marshall as an agricultural loan officer since his graduation from North Dakota State University in 1975. MINNEAPOLIS: Marquette Na tional Bank has named Phillip Gallivan, vice president, manager of its corporate banking division. Carl Nelson, vice president, was named to replace Mr. Gallivan as head of the commercial loan department. ST. PAUL: David R. Fesler, president of the Liberty State Bank, has announced the appoint ments of Gerald K. Sognesand to cashier and Berna Jean Brooks to operations officer and the promo tion of James E. Affolter from instalment loan officer to assistant vice president. North Dakota News Wayne A. Stroup was advanced to the presidency of the North Dakota Bankers Association during the 93rd annual convention in Minot last week. He is president of the Garrison State Bank, Garrison. Mr. Stroup succeeds Henry N. 7 Ness, senior vice president of The Fargo National Bank & Trust Company, Fargo. Morris T. Nel son, president, Scandia American Bank, Stanley, was moved up to become first vice president. C. N. “ Chuck" Davis was elected second vice president. He is president of First State Bank of Cando. Herb Thorndal, president, Bank of North Dakota, Bismarck, was named treasurer. Harry Argue, recently appointed executive secretary of the NDBA, continues in that post and had his title changed to executive director, and Carole DeForest was named assistant executive director. Approximately 500 registered for the meeting. A complete report with pictures will appear in the July N o r t h w e s t e r n B anker. Illinois News CHICAGO: Chloe Arlan has joined the O’Hare International Bank as vice president in charge of the trust department. Ms. Arlan previously was with the Bank of Ravenswood as trust officer heading the trust department. CHICAGO: Hal Sauer, who travels Iowa and western Illinois for LaSalle National Bank, has been promoted to loan officer. FAIRVIEW HEIGHTS: A certifi cate of conversion has been issued to the Southern Illinois Bank, 6701 North Illinois Street, here as a result of its conversion from The Southern Illinois National Bank. interested in services that give you a lot of help for your money. THINK OF US ASSECURFTY. We’re your source. So, start corre sponding with Security. You’ll be glad you did. Wilma Weeks Correspondent Banker 712/277-6517 SECURITY N A TIO N A L B A N K https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SIOUX CITY, IOWA. MEMBER F.D .I.C. Voldy Vanags D e s MM mO in e s Ü P W n a t io n a l , b ank NATIONAL, BANK Member fQIC An Affiliateo,l Northwest;BanGorpqration ' 8 NORTHBROOK: A charter has been issued to the Charter Bank of Techny at the southeast corner of Willow and Shermer Roads. The state bank’s total capitalization of $1,400,000 will consist of $560,000 in both capital and surplus and $280,000 in reserve. The 56,000 shares of stock will have a par value of $10 each. Officers are Eugene E. White, chairman; Timothy O. Duffy, president; John Boylston, acting cashier, and Norman L. Olson, Jr., secretary. PEORIA: Commercial National Bank has announced the promo tions of Charles D. Eastman to trust administrator and Susan M. Snyder to savings officer. Wyoming News CASPER: Barbara Schwartzkopt has been promoted to assistant operations officer at the First National Bank here. NEWCASTLE: Gordon Williams has joined the staff of the First State Bank as assistant cashier. Mr. Williams has over 20 years of experience in lending, the past 10 in commercial banking. He most recently was with the Converse County Bank in Douglas. South Dakota News SIOUX FALLS: The National Bank of South Dakota has elected Bradley J. Schmidt to controller. POSITION AVAILABLE Aggressive $80 m illion metropolitan Des Moines bank is looking for an installment loan officer with a minimum of four to five years experience. Excellent opportunity fo r the right person. Salary qpen. Write File HSO, c /o Northwestern Banker. BANKS FOR SALE ALL ACROSS U.S.A. Daniel A. Hyland CROWN BANKING SERVICES 325 W. Prospect Avenue Mount Prospect, Illinois 60056 POSITION AVAILABLE Bank Service Corporation needs a customer service representative to join their team of professionals. Must have at least 5 years of bank operation experience, and strong background in accounting or finance. Submit resume in confidence to Banks of Iowa Computer Services, Inc., 222 - 2nd Ave. S.E., Cedar Rapids, la. 52401. Attention Duris Juhl, Personnel Manager. “ Equal Opportunity Employer.” SALE OR LEASE 14’x60’ mobile bank building in Iowa, 14’x68’ mobile bank building in Arkansas, 14’x50’ wood modular bank building in Colorado, 14’x60’ wood modular bank building in Missouri. A ll bank equipment included, and available now, from the leading distributor of preconstructed Financial buildings, SON CORPORATION, Box 684, Wichita, KS, 67201, (316) 942-8167, 68, or 69. AGRICULTURAL LOAN OFFICER We are retained by an eastern Iowa bank to assist in the selection of an Agricultural loan officer. The person selected will have two or more years agricultural lending experience and want to live in a rural environment. For further information, contact J. T. K in g s to n . No fe e s— we are retained by management. Personnel Incorporated, 2626 Ruan Center, Des Moines, la. 515/243-7687. BANKERS PARTICIPATING te a A e P U m , iv < 545-31 st Street • Des Moines, Iowa 50312 Colorado News BOULDER: The National State Bank has announced the promo tions of two new officers. They are: Suzanne White, consumer banking officer, and Sal Boscia, assistant instalment loan officer. WANT ADS Rates 40 cents per word per insertion. Add $2 for box numbers. Identity of box number advertisers cannot be revealed. NORTHWESTERN BANKER 3 0 6 15th S t., Des Moines, Iowa 50309 R. L. “DICK” SELLON • P.D. “DUANE” DEVAULT FOR SALE Used Diebold drive-up window. Contact: John Brown, Bedford National Bank, Bedford, IA. Phone 712/523-2171. POSITION AVAILABLE Office manager for progressive Des Moines Bank. Lending experience desired. Send resume to Box ADA, cip Northwestern Banker. TRUST OFFICER - MBA or JD a plus. Looking for 3 years exp. in employee benefit areas. Portfolio is $20mm and expanding. Salary to $22K. LENDING - Work in all areas; commercial, installment and ag. Located in pleasant central IA community. Salary to $16K. BRANCH ADMINISTRATOR - S hould in clu d e operations, commercial and consumer lending. W ill need 3-5 years exp. in branch admin, in a multi-branch system. Salary to $22K. COMMERCIAL LOAN OFFICER - 3-5 years commercial lending with a large bank needed for this position. Salary to $25K. PRESIDENTS - 2 openings. Must have been #1 or #2 man in UNIT banking. Need strong operations & credit background. Salary to low $30’s. ALL FEES COMPANY PAID Respond in confidence to Bank Division ROBERT HALF of Iowa, Inc., 317 6th Ave., Des Moines, IA 50309 (515) 244-4414. R M ® « A AG LOAN OFFICER Opening for Ag Loan Officer in rural Nebraska chain bank. Degree in agriculture or business administra tion desired, with at least two years ag lending experience. Insurance licenses helpful. Send resume to file ACW, c /o Northwestern Banker. FOR SALE Two NCR Postronics, one NCR Pocket Proof Machine, one NCR Ten-Key adding machine and one NCR Full Key Board adding machine. First National Bank of Elm Creek, Elm Creek, Nebraska (309) 856-4661. FOR SALE Used Safe Deposit Boxes. 1 nest of 54 - 3” x 5” (18” wide x 57” high), 2 nests of 40 - 3” x 5” , 8 - 3” x 10” , 4 -4 ” x10” (48” wide x 57” high), 2 nests of 42- 3” x 5” , 9 - 3” x 10” (33-%” wide x 30” high). Call Mr. Andersen at State Bank of East Moline, III., (309) 755-0671. r "H POSITION W ANTED May, 1978, graduate University of Iowa College of Business desires entry level bank management position. Has real estate brokers’ license and insurance agency experience. Interested in commu nity affairs. Call or write R. O. Woodard, 333 S. Vine St., West Union, la. 52175. (319)-422-3831 or (319)-422-3611. FOR SALE 1977 model L 9500 Burroughs computer, Serial #L95233-001. Contact W illiam B. Dohrmann, State Bank of Fayette, Fayette, IA 52142 or call 319-425-3395 for further information. Brand new, never been used. POSITIONS AVAILABLE A ll inquiries handled ona confidential basis. Other fine opportunities available. CAPITAL PERSONNEL SERVICE TOM HAGAN & ASSOCIATES 814 Central National Bldg. 515-283-2545 Des Moinesv Iowa 50309 Linda Blue Smith, President Box 12346—208 E. 18th Ave. NKC, M O 64116816/474-6874 Vol. 7 Ño. 5 Northwestern Banker Newsletter is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions 25 cents per copy, $8 per year. Second class postage paid Moines, Iowa. Address all mail subscriptions, changes of address [Form 3579] manuscripts, mail items to DigitizedatforDes FRASER above,fiddress... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ax', Des Moines, IA 50309 (515) 244-4414 SERVING PROFESSIONALLY FOR SALE MY LOVELY LITTLE HAND-PAINTED AMERICAN flag stick pin . . .so sharp on lapel and blouse . . .only $24.00 a gross. Give these away July 4th week to say “ God Bless America.” Regular price is $36.00 a gross wholesale! How many w ill you need? Please advise us early! We bill later, of course. BOB TUCKER ASSOCIATES, BOX 1222, PT. ARTHUR, TX. 77640. “ Since 1958” V y»4 H ► yM H > ROBERT HALF of Iowa, inc. yM i 317 6th Ave. Banking« Financial & Business Personnel Iowa and Nationwide Vice president with experience in operations and credit. A bility to assume top management. Contact: Ed Hass,- West Burlington Savings Bank, West Burlington, IA 52655. t' Bank Division SECOND OFFICER— Rural $10MM midwestern bank. Ag background mandatory. Opportunity to assume CEO p o s itio n ___$20,000 COMM’L LOAN— Excellent opportunity for junior officer with formal statement analysis background and some lending experience. Iowa lo c a tio n ..........................$17,000 AG-LOAN—Western state. Strong lending ability with administrative experience; #2 p o s itio n ........................................................$22,000 OPERATIONS—Southwestern Kansas bank of $30MM in nice community. Manage ment position with aggressive organiza tion ................................................................$18,000 EXEC. VICE PRES.—A ffiliate of major holding company. Commercial loan and business development skills required . . . .$22,000 AG-LOAN—Addition to staff of $20MM bank located in ce n tra l sta te ; 2*3 yrs. experience would qu alify........... $16,000 POSITION AVAILABLE W ANTED TO BUY Addressograph and Graphotype equipment. Please list model and serial number of machine. W rite P.O. Box 607, Boone, la. 50036. PARTIAL LIST OF AVAILABLE POSITIONS WANTED TO BUY Counter w /3 teller stations w/individual cash drawers, also Night Depositor. First State Bank, Goodrich, No. Dak. 58444. Y-- Y % %
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