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Vol. 9 No. 28 November3,1980 Des Moines, Iowa Fed to Simplify Reserve Requirements H E Federal Reserve Board has announced an increase in the number of financial institutions that may follow simplified procedures under the reporting and reserve requirem ent p rovision s o f the Monetary Control A c t of 1980. This will substantially reduce the report ing burden for small institutions. The board deferred all reserve and reporting requirements for non m em ber d ep o sitory in stitu tion s with less than $2 million in total de posits (as o f December 31, 1979) until M ay, 1981. A t the same time, the board adopted a procedure for quarterly reporting and reserve maintenance for institutions be tween $2 million and $15 million in to ta l deposits b egin n in g n ext January. Between now and January 14, non-member institutions with de posits between $2 million and $15 million will not be required to report or hold reserves. N ember banks of this size will contir.ue to report and hold reserves weekly during that period. Institutions with $15 million or more in total deposits are required to report weekly to the Federal Re serve (beginning with the reporting week of October 30-November 4) and begin maintaining reserve re quirements on November 13. T #»* Burden When the board issued its revised r' ÿ K, I regulation on reserve requirements last August, it sought to hold down the burden for small institutions by adopting a deferred status for non members with less than $1 million in total deposits and quarterly report ing and resérve for institutions be tween $1 million and $5 million. Since that time, the Federal R e serve banks have conducted hun dreds of meetings and seminars with depository institutions that will be affected by the Monetary Control Act, instructing them on the pro visions of the act and the reports and reserves that are required by it. A s a result of the information gathered at these meetings and from analysis of more recent data, the board decided that it could adopt simplified procedures for a larger number of small institutions with out any substantive impact on the system’s ability to control the monetary aggregates. The M C A extended Federal reserve require ments to all depository institutions that offer transaction accounts and accept non-personal time deposits. The deferral of reporting and re serve requirements for non-member institutions with less than $2 million in deposits will affect about 17,000 institutions, primarily credit un ions. These institutions, however, hold less than V% % of deposits in all affected institutions—commercial banks, mutual savings banks, sav ings and loan associations and credit unions. Quarterly Reports Alm ost 10,000 institutions with deposits between $2 million and $15 million will be affected by quart erly reporting and reserve mainten ance beginning January, 1981. These institutions hold less than 4 % of all deposits. Consequently, the simplified pro cedures will relieve a reporting burden for 27,000 institutions— about two-thirds of the total covered by the new law—which hold only 4.33% of all deposits. The great bulk of these institutions could cover any required reserves with vault cash and would not be re quired to deposit funds with the F ederal Reserve in any case. □ Iowa News BOONE: John Wassenaar, presi dent o f Citizens National Bank, has CALL ON THE “PERFORMANCE TEA M ” where common transactions r- * * are handled uncommonly well. FIRST NATIONAL LINCOLN 13th & M Street https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IIMfflHII • Lincoln, Nebraska 68501 • Member, F.D.I.C. 2 C a lla BANKERS’ BANKER 1-800-362-1688, toll-free in Iow a move from Cedar Rapids to Des Moines December 1, and establish offices in the Valley National Build ing. Holmes Foster will move to Des Moines. F. Forbes Olberg, chair man and chief executive officer, will remain in Cedar Rapids where the firm is located in the Merchants N a tional Building. Our computer capabilities give you a lot o f help for your m oney. * FO R T DODGE: The First National Bank board elected three new offi cers. Jean Pille and John Ambroson were elected operations officers and Dale Peters was elected farm loan officer. IO W A C IT Y : Ralph D. Radcliff has been elected a senior vice president of the First National Bank. Mr. Radcliff joined First National in 1979. Before that, he had been presi dent o f Hawkeye State Bank. C A R R O L L : The Commercial Sav ings Bank has increased its common capital from $200,000 to $400,000 by stock dividend, the superinten dent of the Iowa department of banking has announced. M A R S H A L L T O W N : Two officer re-assignments have been announed at Fidelity Brenton Bank & Trust Co. by Thomas R. Smith, president. Sarah Hesmer, vice president and office manager of the Meadow Lane office since 1978, has been named to head a new department at the main bank, the personal loan department. Dan Mead has been named the new manager of the Meadow Lane office, succeeding M r. Hesmer. He joined the bank in 1978 as a consum er loan officer, having graduated in 1977 from the University of North ern Iowa, Cedar Falls. DES M O IN E S : Mardell M. Lind has been promoted to operations/ administration officer-data process ing at Central National Bank & Trust Co. M A R S H A L L T O W N : Notice has been given that the Security Savings Bank has made application to merge with the State Bank, Gladbrook. announced that Merle X. H ove has been named vice president in charge of real estate and student loans and Steven L. Afdahl has been named assistant vice president, commer cial loan department. DES M O IN E S : Kenneth M . Myers, president and chief executive officer, announced the following officer changes at Central National Bancshares: Anne C. Larson has been elected assistant controller, Marcene Tw idt has been elected assist ant auditor, and Charles W . N ew man has been promoted to financial information officer. ODE B O LT: People State Bank re cently celebrated its grand opening. Duane Scofield, formerly of Lytton, will head the new bank. Nebraska News B E A T R IC E : The Beatrice State DES M O IN E S : Richard Buxton, president, Peoples Trust & Savings Bank, Indianola, will be the A B A Council Representative for Iowa. Results were announced following a mail ballot conducted among Iowa A B A members. Dale K. DeKoster, president, Waterloo Savings Bank, is the new A B A state vice president. D E S M O IN E S : Corporate head quarters for Banks of Iowa will https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis V ft nesMoines Æ Member FDIC M NATIONAL BANK An A ffilia te o f N o rth w e s t B a n c o rp o ra tio n Banco Bank & Trust Co. has changed its named to First Security Bank & Trust Co. There will be no change in staff or assignments. B E L L E V U E : John D. Hoffmaster has been named executive vice pres ident and chief operations officer of the First National Bank. Prior to his appointment at the board, Mr. Hoffmaster was a vice president of commercial loans at the Ralston Bank. C E N T R A L C IT Y : Edward L. Dubas has been appointed vice pres ident of The Farmers National Bank announced Gary W . Webster, presi dent. M r. Dubas has been serving as assistant vice president of the First National Bank & Trust of Fullerton. G R A N D IS L A N D : Jon F. Luebs has been named executive vice pres ident of Five Points Bank. He will be involved in commercial lending and will head up the project of establishing a new detached facility for Five Points Bank in the south west area of Grand Island. Supplement to Northwestern Banker Newsletter 11-3-80 C a r le to n D . B eh C o . Investment Bankers/Financial Consultants ' A | SALE DATE: October 27,1980 NEW ISSUE MOODY’S: Aaa S & P: AAA $7,000,000 DES MOINES, IOWA General Obligation Bonds Denomination: $5,000 Dated: December 1,1980 Both principal and semiannual interest (Junel and December 1, first coupon due on June 1,1981) payable at the Office of the City Treasurer, Des Moines, Iowa. IN THE OPINION OF COUNSEL INTEREST ON THESE BONDS IS EXEMPT FROM ALL PRESENT FEDERAL INCOME TAXES AND ALL PROPERTY TAXATION IN THE STATE OF IOWA. MATURITIES $400,000 500,000 600,000 700.000 800.000 8.25% J u n e l,1983 8.30% J u n e l,1984 7.60% J u n e l,1985 6.80% J u n e l,1986 J u n e l,1987 6.25 $800,000 6.40 800,000 6.55 800,000 6.70 6.80 800,000 800,000 6.90% J u n e l,1988 7.00% J u n e l,1989 7.10% J u n e l,1990 7.25% J u n e l,1991 7.40% J u n e l,1992 6.90 7.00 7.10 7.25 7.40 LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, ATTORNEYS, DES MOINES, IOWA •* y Des Moines is the capital of the State of Iowa and also the county seat of Polk County. Since its incorporation in 1851, it has served as the commercial, industrial, governmental and financial center for the State. It is the home of Drake University, Grand View Junior College and several other smaller colleges and business schools. Des Moines houses 378 manufacturing plants which produce over a billion and a half dollars worth of products annually. The industrial community helps to support 704 wholesalers and 1,462 retailers. Des Moines is an important insurance center with 60 home offices located in the City. The largest is Bankers Life Company with 2,500 employees. Also important is the printing and publishing industry; the largest employer in this category is Meredith Corporation who employs 2,920 in the printing of Better Homes and Gardens and other periodicals. Major industrial employers in the area include John Deere (farm equipment, 2,700 employees); Firestone Tire (tires, 2,950 employees); and Pioneer Hybred Seed Co. (seeds, 1,700 employees). Large commercial employers located in Des Moines include Northwestern Bell Telephone (3,200 employees); Younkers Department Stores (2,000 employees) and Iowa Power & Light Co. (1,550 employees). In addition, it is estimated that the various levels of government provide employment to 17,500 people in the area. Des Moines is served by five airlines, seven railroads and 46 truck lines. Interstate highway No. 35 and 80 intersect in Des Moines. The area included within the City’s lim its is about 65 square miles. These bonds are being issued under the provisions of Chapter 384, Code of Iowa, 1979, as amended, to provide funds to pay costs of various capital improvements included within the 1980-81 Capital Improvement Budget. In the opinion of counsel, these bonds are legal and binding general obligations of the City of Des Moines, Iowa, 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 True val uatlon taxable property, 1979 Assessed valuation taxable property, 1979 $3,843,735,344 2,634,489,949 ImS ç 49,760,000 68,167,450 Direct debt, including this issue Total direct and overlapping debt Population, 1980estimate: 200,000 s Direct debt per capita: 248.80 Total debt per capita: 340.84 Tax collections have approximated 99.82% of taxes levied for the past five years. tK :* ► 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 are based. Bonds of a particular maturity may or may not still 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 Des Moines Building • Des Moines, Iowa 50309 • 515-288-2152 • (Iowa Wats) 1-800-532-1468 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis f EVERY BANKER SHOULD HAVE A COPY OF THESE TWO BOOKS HOW TO PLAN YOUR ESTATE, SECOND EDITION y/ WINDFALL PROFIT v/ CHARITABLE BEQUEST v/ FARM INCORPORATION yj LIFE INSURANCE By Robert Dunaway FARM LEASE GUIDE By A l Morrow & Robert Dunaway SEE OUR SPECIAL FREE BONUS OFFER ON PAGE TWO Supplement to Northwestern Banker Newsletter 11-3-80 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis HOW TO PLAN YOUR ESTATE, SECOND EDITION by Robert Dunaway explains farm estate planning in an easy to understand format. It contains all the information from the first edition. Plus, it spells out the new law change under the wind fall profit tax bill. The book also includes a special chapter for young people and why estate planning is important to them, a chapter on father-son arrangements, expanded details on charitable bequests, and tips on where to get good estate planning help. : Other areas that have been expanded include the chapters on farm incorporation, trusts, and life insurance. The social security chapter, Planning for Retirement, has been updated to con tain the most recent social security figures. 5 1/2 x 8 , 191 pages, softbound. $6.95. FARM LEASE GUIDE has the answers to your questions about farm rental ar rangements. It gives both landlords and tenants excellent guidelines on how to determine a fair rental arrangement in different kinds of leases. It gives the de tails for crop share, cash rent, livestock share, labor share, and pasture leases. The authors, Robert M. Dunaway and Alvin J. Morrow, also cover building rent, how to select a landlord, how to select a tenant, how to build up a rented farm, and how to hang on to rented land. In addition, landlords and tenants can find answers to their questions about the legal aspects of farm leases, how material participation works, how a custom farm arrangement works (in cluding a custom rate guide), and how a farm manager might fit into a farm rental arrange ment. The 175-page book is written in a clear, concise style. It includes a number of examples, sample lease forms, worksheets, and practical questions that farmers commonly ask about farm lease arrangements. 5 1/2 x 8 , 175 pages, softbound. $6.95. THIRTY D A Y MONEY-BACK GUARANTEE IF NOT SATISFIED Quantity 1-4 copies, each ............ ......................................... $6.95 u , n. w r- x x ------------------How to Plan Your Estate 4-50 copies, each ...................................................$4.17 51 -99 copies, each ................................................... $4.03 ------------------Farm Lease Guide 100-250 copies, each ................................................. $3.82 ----------------- Iowa Residents add 3% Sales Tax Name ____________________________________________ .Postage and handling ($.75 for one book) ($1.00 for two books) Firm /Bank __________________________ Address ____________________________ .Enclosed is my check payable to Farm Tax Saver □ Send me a free copy of Estate Planning for Farm Families □ Send me a free copy of Estate Planning for Wives https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis City_____________ S ta te ___________ Zip Clip and mail to: Farm Tax Saver Box 1317 Des Moines, Iowa 50305 promoted to the position o f cashier, and Gordon K . Young has joined the farm loan department. Single System with P E O R IA : W illiam G. Lyman Jr., president and chairman of the board of University National Bank, an nounced that Betty Dailey, Phyllis Gessel, Kathleen Lindquist and Nancy Powley were promoted to assistant cashier. NOW ACCOUNTS Now! Bank Data Processing Professionals National Bank of Waterbo Waterloo, Iowa 50704 Member FDIC N O R T H P L A T T E : The McDonald State Bank has sold controlling in terest to Dale Stine of North Loup and his son Greg of Ord. N o staff changes are anticipated as a result of the transaction. North Dakota News M IN N E W A U K A N : V .A . Heiberg, 89, former president of Farmers State Bank, died recently. R U G B Y: Harold Holte has been named vice president of Merchants National Bank. H e was formerly vice president of First Bank, Grand Forks. Minnesota News Bank security will be the topic of four Minnesota Bankers Associ ation sponsored workshops to be held around the state from Novem ber 3-6. The four workshops will be held November 3, Holiday Inn, Bemidji; November 4, Arrowwood, Alexandria; November 5, Holiday Inn Downtown, Mankato, and November 6, Ramada Inn, Bloom ington. B U R N S V IL L E : Richard D. H art man has been appointed assistant vice president of First National Bank. H e has been with the First Bank System for 10 years. COSMOS: Jerrel Sharpe has been elected to the board of the First State Bank. He replaces David Spreiter. D A N U B E : Roland Hoffert, former executive vice president of the Deuel County National Bank of Clear Lake, S.D., has resigned his posi tion to become president of the State Bank. M IN N E A P O L IS : W . Merton Dres ser, president, has announced that the Fourth Northwestern National Bank has changed its name to Northwestern National Bank South. IN N E A P O L IS : Barbara M . OlsDigitized for M FRASER son has been appointed assistant https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Phone Dick Jung at 1-800-772-2411. vice president of Union Investment Co., a subsidiary of Northwest Bancorporation. M IN N E A P O L IS : The Rederal Re serve Bank of Minneapolis announc ed its approval of the application by Badger Bancshares, Inc., Badger, to become a bank holding company through the acquisition of the Badger State Bank. M IN N E A P O L IS : Jon D. Garnaas has been promoted to assistant vice president and human resources officer-Twin Cities Group for First Bank System, Inc. M r. Garnaas has been associated with FBS since 1972 when he joined First Bank Hopkins as a management associate. M IN N E A P O L IS : Barbara Armajani, president and chief executive officer o f Powers Dry Goods Co., has been appointed a director of Midland National Bank o f Minne apolis, according to Harry Benson, p residen t and ch ief e x ecu tive officer. R O C H E LLE : A charter has been issued to the United Bank of Rochelle, according to W illiam C. Harris, commissioner of banks and tru st com panies. O fficers and directors are: David D. Baer, pres ident; Seth G. Atwood, Robert B. Rosecrance, Loren M. Smith and Lloyd C. Ringle, all of Rockford. S P R IN G F IE L D : Robert S, Salo mon J r., general partner of Salomon Brothers, New York City, will head line the Assosication for Modern Banking in Illinois’ 1980 annual trust conference. The session will be held November 12-13, at the Hilton in Springfield. Registration is cur rently being taken by A M B I by phone at (217) 789-9340. The regis tration fee is $95.00 for the first person and $50.00 for the second or more persons. Illinois News A R L IN G T O N H E IG H T S : Paul S. Belin has joined the Bank & Trust Co. as a commercial banking repre sentative, according to W .C . W olf, chairman of the board and presi dent. E L M H U R S T : Richard D. Moline has joined the Elmhurst National Bank as an assistant vice president in the commercial loan department. Mr. Moline was an assistant vice president in charge o f lending and personnel at Washington Bank and then joined Bank o f Naperville in 1978 as a commercial lending officer. M O NM O U TH : Two personnel changes at the National Bank have been announced by Jack D. Lemmerman, chairman and chief execu tive officer. Assistant Vice Presi dent Charles E. Vaughn has been ASK JOHN MANGOLD to make MNB work for you. Toll free 1- 800- 332-5991 Merchants A National Bank 151 Member F.D.I.C. A ‘BANKS OF IOWA' BANK 4 Wyoming News POSITIONS AVAILABLE M E D IC IN E BOW : Medicine Bow State Bank, an independently owned, fu ll-service bank, has opened, according to Bill Kvenild, president. R IV E R T O N : Two Riverton banks have filed protests against issuance of a charter for a fourth bank in the city. American National Bank and Riverton State Bank have filed formal protests with the Comptrol ler of the Currency in Denver against an application filed by Western Bancorporation of Chey enne. W yom ing Bancorporation has filed application for a national bank charter in Riverton. I f approved, Bank of Riverton would be the city’s fourth bank, and third national bank. W H E A T L A N D : Gene Hays, presi dent, First W yom ing Bank, an nounced the addition of three new directors. They are Jean Sherard, Bart Trautwein and W .H . Vines. SPECIAL SERVICES SHARE AN AGENCY— You receive 5 up-to-theminute ads each month. Bright, selling copy; illustrations (your bank photos where appropri ate); your own logo— everything camera ready for your newspaper. You specify subject matter wanted . . . including NOW programs. Personal service for special events, promotions, etc. Pro fessional bank advertising specialists. Most reasonable monthly fee. Contact Moler-Peterson 210 Jones, Dubuque, IA 52001 _____________ Phone (319) 588-4770________ (SS) ADMINISTRATIVE O F F IC E R -S e n io r management position available for individual with ability to oversee operations, personnel and marketing....................... 35K TRUST HEAD— Suburban bank of $60MM with ex cellent growth potential. Prefer law degree and heavy personal trust experience.............................................30K INSTALLMENT LOAN— Junior position available in medium size Iowa community. Prefer one to two years experience including some exposure to indirect financing......................................................................... 15K AGRI LOAN— Major Nebraska bank seeks an ag specialist for their correspondent department. Ex cellent benefits and opportunity.................................28K p *y- flt K INSTALLMENT LOAN— Excellent opportunity in northern Minnesota bank. Handle all installments with chance to advance as bank grows................... 16K Loan Officer— Central Illinois bank seeking individual for lending responsibilities, primarily consumer and ag lending. Would be part of management team. Operations experience helpful, but not necessary. Send resume and salary requirements to file KBZ, c /o Northwestern Banker._____________ - . . .. (PA) CEOs for $30 million and $8 million banks in Iowa. $32,000 + Commercial Loan Person, with minimum three years experience, for major Iowa bank. $23,000-$25,000 Operations Officer, with 3-5 years experience, for $40 million Minnesota bank. Second Person for community bank in Iowa. Must have all-around banking experience. $25,000 + Marketing Officer with bank background to head de partment for $60 million bank. $23,000-$25,000 Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee._______ (PA) CONTROLLER— Full responsibility for all accounting functions, reports and investments in medium size lowabank. Preferaccounting or finance degree. 25K AG LENDER— Rural southern Missouri bank affiliated with major holding company. Prefer ag degree and 3-5 years ag lending experience........................................ 23K To inquire about a position please forward resume and salary history in confidence to: TOM HAGAN & ASSOCIATES OF KANSAS CITY P.O. Box 12346 / 2024 Swift North Kansas City, Missouri 64116 ______________ Phone (816) 474-6874______________ $ h i**- AG BANKING CAREERS AG LENDING OFFICER. . .Iowa .............$20-26,000 AG LOAN & OPERATIONS OFFICER. . .Iowa. . . POSITION WANTED ..........................$20-$28,000 PROFESSIONAL FARM MANAGER. . .Illinois. . . .......................................... $ 20 - 22,000 BANKERS AVAILABLE CEO. . .I o w a ................................................. $30-35,000 CEO with solid lending and administrative background..............................................................$48,000 AG LENDING REP. . .I o w a ..............................$20,000 CEO with ag lending background........................$35,000 Since 1968, banks and other ag related employers have been paying us to find the personnel they need. Instalment Loan O ffic e r .......................................$22,000 Personal Banking O ff icer/N ew Accounts . . . $17,000 Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee._______(PW) FOR SALE 3M 3401 wide document cartridge camera with contin uous computer printout feed and 3M 600EC microfilm reader/printer. W ill sell camera separate. Both units under two years old. Available immediately. Bank has gone to computer. Contact Bill Hoefler at (815) 626-4321, Extension 61._______________________ (FS) NCR 152-38 teller machines. Reasonably priced. Call (309)799-3133._______________________________ (FS) 12’x40’ mobile home converted for use as temporary banking facility. Night drop and drive-up window in stalled; good teller counter; furnace with central air; available immediately. ALSO, 6’x9’ remote drive-up building with heat and air conditioning. Call (319) 291 -5429 or (319) 291 -5468._____________________(FS) FOR SALE Burroughs TT-101 on-line, off-line electronic teller machine. $1950 BurroughsTR-102 electronic teller machines. Upgrad able to on-line. $995 Burroughs TR-101 electronic teller machines. $795 NCR 1550 electronic teller machines. $795 each. NCR 152-70 teller machines. Completely recondi tioned. Guaranteed. $495 NCR 775 proof machine. Maintenance will transfer. ________________Call (214) 757-7760____________ (FS) For more information, give Linda (our banking special ist) a call today. 3 O rI CAREERS, INC. m J AGRICULTURAL PERSONNEL RECRUITERS LENDING— Rural Iowa bank. Handle instalment loans and collections. Also do some ag lending. Must be able to work on own. $15,000 VP— Be responsible for entire loan portfolio of small ag bank. Must know lending regs. Lending is the key to this spot, other bank experience a plus. $16,000. OPERATIONS— South Dakota bank needs operations officer. Supervise bookkeepers and tellers. W ill handle all reports. $17,000. OPERATIONS— Assistant to operations officer in large Iowa bank. Must have operations experience, be aggressive and prospect-oriented. W ill supervise 15. $23,000. EVP— #2 position in Minnesota bank. Lending is com mercial with some ag. Must have experience in all areas. Equity potential for right person. $28,000. TRUST OFFICER— Iowa bank is establishing new de partment. Must be experienced in trust area and be able to set up a department. $26,000. AG LENDER— Real opportunity for person with 2 + years experience. W ill do all ag lending for east Iowa bank. Bank wants person that can make decisions and operate on own initiative. $22,000. Bank Division 545 - 31st Street Des Moines. Iowa 50312 R. L. “ DICK” SELLON *~4- PARTIAL LIST OF AVAILABLE POSITIONS BANKERS PARTICIPATING LeasePlan.Inc. T**r: (515)394-3145_____________ New Hampton, IA 50659 ALL FEES COMPANY PAID I ROBERT HALF of Iowa, Inc 317 6th Ave Des Moines, IA 50309 ( 515 ) 244-4414 ALL FEES COMPANY PAID Vol. 9 No. 28 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 h' Yi
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