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Vol. 10 No. 24 Des Moines, Iowa October 5,1981 Bankers Would Dump Rate Regulation HE VAST majority of bankers favor elimination of interest rate ceilings and favor “ freedom to com pete” over pro tective legisla tion, according to a survey con ducted for Finan cial Shares Cor poration, a Chi cago-based bank consulting or ganization, by its G.M. MORVIS research affiliate, Market Shares Corporation. Of 163 bank executives polled nationwide on dozens of banking industry-related questions in mid year-1981, 84.7% approved elimina tion of Regulation Q, which sets the maximum interest paid on regular savings accounts and other time accounts. “ Accordingto our survey results,” said George M. Morvis, president of Financial Shares, “ bankers would prefer a laissez-faire approach to bank regulatory policy.” Most chose deregulation as the way banks should meet competition from money market mutual funds. Providing more competitive instru ments was the choice of 57.1%. Speeding up the demise of Regulation Q was chosen by 45.4% . And a minority, 38.0% , favored regulation of the funds, Mr. Morvis said. T The survey, conducted among commercial banks' of all sizes and in all regions of the United States, also showed a marked increase during the last year in the use of certificates of deposits. The six-month CD (whose rate is tied to the short-term Treasury Bill rate) had increased use of 91.4% of bankers polled, and2 ^ -year CD’s were more frequently used by 83.4 %. NOW accounts were offered by all bankers polled. The balance required to avoid service charges, however, reflected the added cost to the consumer of this bank service. “ A significant plurality,” 41.7% , require $1,000 to $1,499 as a balance requirement to avoid NOW service charges, Mr. Morvis noted, though this balance goes as low as under $500 in some cases. A big majority, 87.1% , require a minimum balance as opposed to average balance. Maximum monthly service charges on NOWs went as high as $8, but most reported a maximum charge of $5 or $6. “ As a rule, price increases swept across many services for a majority of banks,” Mr. Morvis said. Thus, 75.5% increased their service charge for overdrafts. Seven out of ten increased charges for returned items, wire transfers, and safe-deposit boxes. A t least half increased charges for stop payments, personal checking, cashier’s checks, collection items, money orders, security transactions and research or account reconcile ment. “ More and more banks are passing along the rising cost of doing business to the consumer,” Mr. Morvis stated. “ We expect this trend to accelerate next year,” he added. Financial Shares Corporation is a Chicago-based consulting company to the financial services industry. Its clients are located throughout the U .S ., in Canada and in Europe. □ Whether Approve/Disapprove of The Elimination of Regulation Q Ail Banks Deposits in Millions Under Over $200 $200 Approve 84.7% 81.5% Disapprove 12.3 15.4 NoOpinion 2.5 2.3 96.9% 3.1 CALL ON THE “PERFORMANCE TEAM” where comm on transactions are handled uncomm only well. FIRST NATIONAL LINCOLN 13th & M Street https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Lincoln, Nebraska 68501 • Member, F.D.I.C. Lance Davenport first in Iowa. John Barkley Float A nalysis An Affiliate of Northwest Bancorporation Member FDic COON RAPIDS: A t First MidAmerica State Bank, Robert J. Messer and Shirley Olson have been named assistant vice presidents. Mr. Messer joined the bank in 1980 as instalment loan officer. Ms. Olson joined in 1968 as a teller and was promoted from administrative assis tant. Banco Call (515) 245-3131 or toll-free (800) 362-2514 man of the Home State Bank, will retire October 1, according to CEDAR RAPIDS: Phil Morris, President Doug McDermott. Mr. president of the First National Bank Clause has been wi£h the bank for 44 of Iowa, has announced the opening years, serving as president for 18 of the bank’s Southgate office located years. in southwest Cedar Rapids. The KNOXVILLE: BrentonBanks, Inc., 6,000 square-foot, full service facility a Des Moines-based bank holding features a three lane drive-up bank company, has received federal and 24-hour ATM . approved for the purchase of the CENTERVILLE: Warren R. Lang- Community National Bank here. At fitt, 61, died of a heart attack least 80% of the bank’s voting stock September 6 in Mesa, Ariz., where he will be purchased, making Commun was vice president and area manager ity National Brenton’s 18th Iowa of the Valley National Bank of bank. Community National has Arizona, Phoenix. Mr. Langfitt had assets of approximately $50 million. been an active member of the A B A agricultural bankers division for a MARENGO: United Bank & Trust number of years and was eulogized by Co. has promoted Virgil Head to vice Mesa authorities as that city’s president and named Catherine leading civic figure. Mr. Langfitt was Shepherd cashier. a native Iowan and was well known Minnesota News here in the banking business through his activities in agricultural banking BROWNS VALLEY: David Gustaf as vice president and farm represen son has joined Union State Bank as tative for Centerville National Bank. vice president. He was formerly with the First National Bank in Waconia. COUNCIL BLUFFS: First National Bank has promoted Alan D. Ball to CHASKA: First National Bank vice president-commercial loans and recently celebrated its 75th anniver Donald W . Daly to vice president and sary with five days of special events including a free barbeque, contests trust officer. and drawings. FAIRFIELD: First National Bank has announced the promotion of Carl COKATO: Merald C. Johnson, 56, Berg to assistant vice president in the executive vice president and chief commercial and operations depart executive officer of the State Bank, ment. Mr. Berg was formerly head of died recently of a heart attack. Mr. Johnson joined the bank in 1963 as instalment loans. assistant cashier from the First JEFFERSON: Gerald Clause, chair National Bank at Fairmont. Iowa News S ingle System Banking B p r a W ith ¡11 ;Ä . A v a ila b ility ü Ppl Availability of funds.. .availability of people... ■ L \ responsive to your needs. lit i A National Bank of Waterloo Phone Dick Juna Waterloo, Iowa 50704 Member FDIC https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis at 1-800-772-2411. DETROIT LAKES: First National Bank has promoted Ray Marr to senior vice president and Larry Albert to vice president. Mr. Marr joined the bank in January, 1981, and also serves as senior loan officer. Mr. Marr joined in September, 1980, and was previously executive vice president of Farmers State Bank in Winger. DULUTH: Larry Gilb has been named president and chief operating officer at First Bank-Duluth. He was previously vice president. James Claypool, current president, will become chairman and chief executive officer when Mr. Gilb’s appointment takes effect October 15. Promoted from vice president to senior vice president are: James E. Andersontrust; Duane C. Gronlund-operations, and William E. LeNeaulending. M ANKATO: Starr J. Kirklin, president of First Bank Mankato, has announced the election of R. Neil Drum to assistant vice president and Terry L. Kakeldey to cashier. Mr. Drum joined the bank in 1977 and was most recently a commercial loan officer. Ms. Kakeldey joined First Bank in 1979 as a personnel officer. ST. PAUL: George D. Howes has been elected president and a director of the Exchange State Bank. Mr. Howes formerly served as senior vice : (TiD MISSOURI BANK ^KANSAS CITY, N. A. 7 :h and Grand, Kansas City, MO 64106 >-556-7903 f * Member FDIC Supplement to Northwestern Banker Newsletter 10-5-81 WHY Is The vm m SYSTEM , vita I N V E S ilp ^ T ? HERE ARE FIVE PAYOFF P O IN T S im 1. NUTRITION BOOST - Up to Vh less hay is needed - Greater utilization of winter grazing - Fully compliments low protein stalk field and other roughage sources - Greater pro tein utilization and efficiency than the cube or block system. 2. COW HERD DEVELOPMENT - Abundant vitamin, mineral, trace mineral*enzyme arid co-enzyme ingredients to assure fetus development for a strong calf-Reduced cycling time and increased 1st round conceptions - Heavier calves from increased m ilk fio w | Strong positive herd replacement development growth. 3. 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PORKA FERM A Blend o f (New and Old) Quality! GIVE ___ V 1 US A RING OR VISIT OUR PLANT ________ BIO-ZYME ENTERPRISES, INC. TOLL FREE 1-800-821-3070 IN MISSOURI CALL COLLECT (816) 238-3326 ^ c 7T F r e * ° https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1231 ALABAMA ST. JOSEPH, MISSOURI 64504 3 Send Your News Today to the NORTHWESTERN BANKER TELL US ABOUT. . . 306 Fifteenth Street DES MOINES, IOWA 50309 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Staff Changes Business Campaigns Mergers, Consolidations New Departments at the Bank Remodeling or New Building Open Houses Anniversary Parties Deaths or Retirements Speeches Made by Bank Officers Special Announcements to the Public 4 READY NOW Gary Stevenson Your Man on the First Team. 712/277-1500 iillllK S k WÊÊBtÊÊ GARY STEVENSON Vice President First National Bank in Sioux City • A BANKS OF IOWA’ BANK president of the St. Anthony Park WINDOM:Darrell D. Anderson has joined the First Bank as assistant Bank. vice president-ag lending. Mr. ST. PAUL: James D. Schmitz Anderson was previously Cotton recently joined Eastern Heights wood County extension director. State Bank as vice president, according to Robert J. Hubbell, Illinois News president. Mr. Schmitz most recently was assistant vice president with GALESBURG: Douglas R. AllensCiticorp’s Corresondent Resources, worth has been appointed vice Inc., office in Minneapolis, and prior president and cashier of the to that had been a correspondent Community Bank. Mr. Allensworth bank officer for several years with previously served as assistant vice president and branch manager of the First National Bank of St. Paul. Bank of Homewood. ST. PAUL: A t American National STERLING: A t the Central National Bank & Trust Co. Elizabeth L. Main Bank, William R. Hoefler has been has been promoted to assistant vice promoted to assistant controller and president and cashier. She joined the Nancy M. Timm to auditor. Mr. bank in 1973. Hoefler joined the bank in 1969 and was named auditor in 1974. ASK T E R R Y M A R T IN to make MNB work for you. We’re people you can turn to for investments. For investment services, data processing, ag lending and overlines . . . w e’re the people you can turn to. H Merchants ^ National Bank 151 Member F.D.I.C. A BANKS OF IOWA’ BANK joined Northwestern in 1971 and was previously assistant vice president at the bank’s Brookings branch. YANKTON: Dr. Roland F. Hubner, retired physician and community leader, was honored recently by the directors of First Dakota National Bank at a dinner given in South Dakota News commemoration of his many years of ABERDEEN: A t First National service as a board member. Bank, Dick Kornder has been promoted to vice president and North Dakota News manager-personal banking depart CANDO: Farrell Alleman has been ment. He joined the bank in 1970. named assistant vice president at DE SMET: Hazel L. Meyer, First Bank Cando. He was employed co-founder and for over 50 years a with First Bank Havre, Mont, for the director of the Peoples State Bank, last two years. died recently at age 85. She was also a M ANDAN: Steve Ohm has been bank employe for many years. promoted to vice president and SIOUX FALLS: Douglas J. Miller manager-instalment loans at First has been named vice president and Northwestern Bank. Jerry Rask also manager of the Westwood branch of was promoted to assistant vice Northwestern Bank. Mr. Miller president-agriculture department. Toll free 1- 800- 332-5991 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The completely re-edited 1981 edi tions of the Iowa Bank Directory and the Nebraska Bank Directory are available now. Up-to-date listings of officers, statement figures, and other vital facts about all Iowa and Nebraska banks. Now only $10 for Iowa and $6 for Nebraska (add 3% sales tax for IA /N E residents). Send a check today for your copies to Northwestern Banker, 306 Fifteenth Street, Des Moines, Iowa 50309. 55 g| ■k iftfc We’re more than western Iowa’s largest bank. We’re people. Jim Hongslo Vice President 712/277-6625 SECURITY N ATIO N AL BANK IN SIOUX CITY, IOWA. MEMBER F.D.I.C. _ © 1980 Security National Bank Approved Iowa Bankers Association Forms F orms FOR BANKS APPLICATIONS/FINANCIAL STATEMENTS—Agriculture, Business, Consumer Credit, Personal, Real Estate NOTES—Standard, Variable, Simple and Precompute, Master, Home Improvement with Disclosures, Adjustable Rate Note and Rider REAL ESTATE— Mortgages, Home Improvement, FNMA and FHLMC SECURITY AGREEMENTS—Agriculture, Business, Consumer Credit, Retail, Wholesale SECURITY—Assignments, Agreements, Collateral Pledges, UCC Forms MISCELLANEOUS— Notices (Co-Signors, Right-to-Cure), Substitution of Collateral. Right of Rescission, etc. WA TC H FO R SAMPLE CA TALOC IN TH E MAIL Nebraska News DECATUR: Paul W . Brewer has been named president o f Citizens State Bank. Mr. Brewer has been with the bank 12 years, most recently serving as vice president. He succeeds R.J. Terwilliger, who has accepted a position with a Minden bank. FREMONT: Mark L. Andersen has been appointed vice president and trust officer at First National Bank & Trust Co. Mr. Andersen was most recently assistant trust officer at United Central Bank & Trust Co. in Mason City, Iowa. GENEVA: Jim Goering has been named vice president at Fillmore County Bank. He succeeds Tim Rowan, who was recently appointed president of the Ft. Morgan State Bank in Colorado. Mr. Goering was previously a commercial loan officer at Mahaska State Bank in Oskaloosa, Iowa. LOUP CITY: George L. McFadden has joined the Sherman County Bank as assistant vice president-ag lending. He was formerly with First National Bank in Omaha. Estate Appraisals y/ High Performance Applicants Sale o f Rare Coins >/ Reasonable EmployerPaid Fees Call Malcolm Freeland Freeland Financial Service, Inc. 246 Insurance Exchange Bldg. Des Moines, Iowa50309 515/282-6462 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 801 Park Street Phones 282-9164 Wats 1-800-532-1213 Des Moines, IA 50309 Moorcroft Corporation—Moorcroft State Bank. GET THE COMPETITIVE EDGE Purchase o f Collections >/ Quality Bank References Authorized Distributor CODY: A t First Wyoming Bank, Shirley Anderson has been promoted from cashier to vice president and controller, and Ron Mischke has been NORTH LOUP: Steven A . Blocher appointed cashier. Ms. Anderson has has joined the North Loup Valley been with the bank six years. Mr. Bank as an instalment loan officer. Mischke was previously employed at He was formerly associated with First Wyoming Bank of Kemmerer. Kearney State Bank. EVANSTON: First Wyoming Bank NORTH PLATTE: Ken Glass has here has promoted Mary Lou Bruce joined the McDonald State Bank as to operations officer and hired Jane assistant vice president-landing. He H. Jones as assistant vice presidentwas previously branch manager of operations. Ms. Bruce joined the the North Platte office of Lincoln bank in 1975. Mrs. Jones was Federal Savings & Loan. previously a product manager for Affiliated Bankshares of Colorado’s Montana News Denver office. The Montana Bankers Association will hold a Regulation Z —Truth-inLending Seminar October 20 at the Colonial Inn in Helena. Conducting the seminar will be Nathaniel E. over savings and loan, Butler, P.C. from Washington D.C., an experienced speaker for the credit unions, etc. American Bankers Association. Reg istration fee is $50. The meeting will This “ on-premise” system begin at 9:00 a.m. IM PERIAL: Richard Grubb has joined the Chase County Bank & Trust Co. as assistant vice president. Mr. Grubb has seven years of Wyoming News banking experience, most recently The Federal Reserve Baord has serving the Keith County Bank & announced approval of the following Trust Co. in a s im ila r position. applications by corporations to become bank holding companies by the stated bank acquisitions: The Officer Chugwater Corporation—First Na tional Bank o f Chugwater; The Placements Newcastle Corporation— National for Bank of Newcastle, and The Community Banks Maynard Printing, Inc. R e lia b le and respected service fo r over 20 years U sed b y bankers throughout the m idw est Ben E . Marlenee Coins 913 Locust Des Moines, Iowa 50309 515-243-8064 gives you complete inde pendence, competitive flex ibility and control. Get tighter instantaneous reporting in every phase of y o u r o p e ra tio n . A t the sam e tim e reduce yo u r operating costs. A program for your every need — and m ore. The best banking system in the industry. M o d e r n B a n k in g S y s te m s , In c . 6818 G rover St., O m a h a , N e b ra s ka 68106 (402) 392-0151 ECONOM Y Tim e-Tem perature Solid State Display One Year Guarantee 30” x96” Complete Sign only $2895.00 UNITED SIGNS, INC. (308)384-0111 321 N. Eddy St. P.O. Box263 Grand Island, N E 68802 cdfoCdsx and <z/f’±±oc.tate,± Bank Consultants Specializing in Bank Acquisitions 515-232-0814 P.O. Box 450 405 Main Ames, Iowa 50010 D o n a l d E. H o l d e r , Principal I leasePtan.Inc. 5 45 - 31st Street Individual wants to acquire Iowa or Nebraska bank. Contact: Mike Keim, 9691 Meadow Drive, Omaha, NE 68114. Phone (402) 397-5161._________________ (WTB) FOR SALE POSITION WANTED SKI TH E S U M M IT !!! New, three-bedroom, three-bath units available for sale or rent. Each unit has its own redwood hot tub on the deck. Contact: Dwayne Smith Paradise Properties, P.O. BoxS Dillon, Colorado 80435 Phone 303/468-5846 CEO with 20 years exp. in all phases of commercial banking seeks new opportunity in Iowa, central or western M inn.............................................. Salary $35,000 AG LENDER with degree from Iowa State seeks central Iowa jo b ...................................................... $24,000 AG LENDER in South Dakota wants to relocate to progressive b an k.......................................Salary $23,000 When it come* to agriculture, banking and personnel. . . go to the specialists — go to AGRIcareers, Inc. EXAMINER with 20 years experience wants loan review p o s itio n ......................................... Salary $35,000 Progressive bankers pay us to find the people they need. OPERATIONS person with broad knowledge of banking wants to move u p ................................... $30,000 Ask the ag banking specialists what’s available without cost or obligation. NEW HAMPTON. IA 50659 MASSENA. IA 50853 1 (5 15 )3 94 -3 14 5 (712)779-3744 a q n G 4 R r a s ,iN C . “ THE ORIGINAL AGRICULTURAL RECRUITER BANK PLACEMENT SPECIALISTS (Our33rd year) Call experienced professionals to locate the right candidate for your vacancy . . .o r the right “move-up” for yourself. CORPORATE RECRUITERS MIDWEST BANKING DIVISION 202 S. 71 st Street 402/393-5515 . Omaha, Nebraska 68132 EXEC V .P . - 20 yrs banking exp with well rounded lending exp. Has served several yrs as bank compliance officer. $35,000. FOR FURTHER INFORMATION RESPONDIN CONFIDENCE TO: Bank Division 0(10 too O il of Iowa, Inc. 317 6th Ave. Des Moines, IA 50309 (515) 244-4414 ® A L L FE E S C O M P A N Y PAID □ I would like to sell my majority bank stock. □ I would like to buy ma jority bank stock. Please Contact: J. Mason Henry INVESTMENT AND TRUST BANKING DIVISION. BS in business administration, experienced account executive in regional investment banking business. New York and NASD licensing. $19,000 range. Write FileO B K, c /o Northwestern Banker.___________ (PW) R.E. LOAN OFFICER with strong banking background seeks bank position. $ open. Write file OBL, c /o Northwestern Banker.________________________ (PW) LOAN OFFICER: Commercial, real estate-secondary market, and consumer experience. Ten years in banking and eleven in finance. Strong in leadership, communications, reorganization, and administration. Married, 41, self-starter, community-oriented, and college degree. Desires loan officer position in small to medium size community bank. Present salary $23,000. Resume available. Phone 312/554-8666.(PW) POSITIONS W A N T E D Ag Loan O fficer................... IA . $15-20,000 Sales & Mktg. Rep . . . F L /G A . $20-25,000 C E O .....................................K S . $30-35,000 Ag Loan O ffic e r ............... MN . $15-20,000 Ag Loan Officer/ Insurance IA . $15-20,000 2 Ag Loan O ffic e rs ............IA . $16-23,000 TRUST OFFICER - Over 11 yrs exp with major emphasis in Trust Admin, New Business development and Investments with the overall resp of the Trust Dept. $28,000. OPERATIONS - BA degree and 1 yr banking experience. Fam iliar with all teller areas and financial statements. $12,000. Banking, Financial & Business Personnel, Iowa and Nationwide 714U.C.B. Building, 515-283-2545 Des Moines, Iowa 50309 ASST V .P . - BA degree with finance major. Lending capacities in all areas. Also exp in operations and marketing. $26,000. WANT TO BUY SERVING PROFESSIONALLY Capital Personnel Service $ 20,000. AG LENDER - Majored in Ag business with 4 yrs lending exp. Also exp with consumer loans and has insurance licenses. $23,000. PORTABLE M INI-BANK 8’x14’ Diebold BR drive up window, BR door, heater, AC and carpet. Available 11-1-81. Contact T.J. Richards, Peoples Trust and Savings Bank, Indianola, Iowa 50125. Phone (515) 961-6241.____________________________________ (FS) • Used painted safe deposit boxes— all size openings and nests available. • Two Diebold drive-in units consisting of B /R glass, audio, cash drawers, and manual controls. Phone JoeSteil, 712/277-0661. (FS) JONES REALTY 205 South Eaton St. Lakewood, Colorado 80226 Phone: (303) 232-1189 INSTALLMENT - BA degree in business Admin. Branch mgr with primary resp of installment lending. WANTADS Rates are $5.00 per line per insertion. Add $3.00 for file letters per insertion. Identity of file letter advertisers cannot be revealed. NORTHWESTERN BANKER 306 -1 5th Street Des Moines, Iowa 50309 Phone 515/244-8163 I want to purchase majority stock in a bank. Please contact Ellis Jones, Broker Des Moines. Io w a 50312 R. L. “ DICK” SELLON • P.D. “ DUANE” DEVAULT □ My majority bank stock is for sale. O P A R T IA L LIST OF A V A IL A B L E AP P LIC A N TS BANKERS PARTICIPATING Now available CEO of $50 million Illinois bank with top credentials and references.........................................................$45,000 SENIOR LOAN OFFICER in community bank . $30,000 AG LENDER in Illinois seeks position in central part of s ta te ..........................................................................$20,000 Write or call Malcolm Freeland, Freeland Financial Service, Inc., 246 Insurance Exchange Bldg., Des Moines, Iowa 50309. Phone 515/282-6462. Employer pays fee.______________ ^__________ ______________ B A N K IN G P LA CE M EN TS “ Successful Banking is Quality Personnel” Eighteen years banking experience serving as president of rural and metropolitan banks enables me to find the “right” banking position for you as a banker or the “right” officer for your bank. T O N -S C H O O L E R Ir AND I P ASSOCIATES 901 A. West Jackson* Ozark, Missouri 65721 417/485-6020 COMPLETELY CONFIDENTIAL ______________“Employment Service”_____________ Charles E. Walters Co., Inc. 39 Ginger Woods Road, Valley, Nebraska68064 Phone: (402) 553-6400 FOR SALE OR LEASE Twenty(20) NCR152-70 teller machines. Four(4) NCR 775 single pocket proof machines. Three (3) NCR 775 twelve (12) pocket proof machines. Call 512/250-0794 for more information._______________________(FSorL) PO SITION S A V A IL A B L E SECOND OFFICER - small rural Iowa bank with insurance agency. Prefer all-round banker willing to handle some insurance duties. $22,000 LENDING OFFICER - junior position available in rural Nebraska. Handle comm’l, ag and instal. credits. Some operations helpful. $17,000 COM M ’L LOAN - excellent opportunity with $75MM Iowa bank. Prefer degree and 2-3 yrs. experience in comm’l dept. $$22,000 AGRI-LOAN - will handle only ag credits for medium size bank. Opportunity to head dept. Degree desired. $25,000 CORRESPONDENT OFFICER - prefer agri-loan background. Position involves 40% travel. Will consider rural bank experience. $28,000 SENIOR OFFICER - progressive midwestern bank seeks head of international dept. Must have degree and major bank experience. $Open JUNIOR OFFICER - recent college grad with some bank experience desired for training program in rural bank. $12,000 OPERATIONS OFFICER - oversee all operations of $75MM bank. Prefer minimum 5 yrs. experience in medium size institution. $28,000 SEVERAL positions available in the Houston and Dallas-Fort Worth areas for well experienced comm’l loan and mortgage loan officers. To inquire, information. please submit resume’ and salary TO M H A G A N & A SSO C IA TE S of Kansas City P.O. Box 12346,2024 Swift North Kansas City, MO 64116 816/474-6874 “Serving the Banking Industry S in cel 970” Vol. 10 No. 24 Northwestern Banker Newsletter [USPS 873-300] is published weekly by the Northwestern Banker Company, 306 Fifteenth Street, Des Moines, Iowa 50309. Subscriptions $1.00 per copy, $15.00 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
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