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Vol. 9 No. 21 Des Moines, Iowa Fed Announces Pricing Schedule HE long-aw aited proposed schedule of fees for its services to financial institutions was re leased August 28 by the Federal Re serve Board in Washington, D.C. The statement included the prin ciples underlying the proposed sys tem of charges. The Board has asked for comment on the proposal by October 31,1980. Those wishing to comment should refer to Docket No. R-0324, and address the com ment to Theodore E. Allison, secre tary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W ., Washington, D.C. 20551. The proposal calls for wire trans fer and net settlement as of January, 1981; check clearing and collection, and automated clearing house access and pricing by April, 1981; currency and coin transportation and coin wrapping access and pric ing by July, 1981; securities services (purchase and sale, safekeeping and transfer), and noncash collection access and pricing by October, 1981. In addition, the Fed has outlined specific proposals for either elimi nating float or charging banks for float at the Fed Funds rate. Those explicit charges will begin by mid1982. The proposed pricing schedule is in response to requirements of the Monetary Control Act which re T ■ r ÿgj *3 * * y ' ^ t. quired the Fed to publish such pro posed pricing for its services by September 1, 1980. Congress said it was concerned with the amount of revenue that would be lost to the Treasury under the Act, resulting from lower reserve requirements the Act establishes. Pricing for Fed services is expected to offset, in part, the loss. Additionally, the Board said, “ Congress regarded pricing for Federal Reserve services as a means of encouraging competi- of such services.” In the view of some city corre spondent bankers who have had only a brief time to review the pro posed pricing schedule, Congress apparently didn’t try to find out how much “ competition and effic iency in the provision of such services” already exists in the nation’s highly competitive corre spondent banking system. They look upon the Fed’s Congressionally mandated activity as one more in cursion of federal government into private business. September 15,1980 In addition to explaining its pro posed method of coping with float, the proposed fee schedule lists specific charges, for example, for commercial check services in cents per item. Those charges vary from district to district and RCPC city to city because of varying factors. In Denver, the processing charge for a check deposited directly at the Fed office is le!', while in New York it is 2.5<zf, the highest charge listed. By contrast, cents per item in New York City for ACH services is 0.3<^ (3/10ths of a cent), while in all other listed cities it is lef per item. One veteran banker in a major midwest correspondent bank said, after reviewing the Fed proposal, “ What it boils down to is that each community bank will have to choose a correspondent—the Fed, or a cor respondent bank. But remember, the Fed does not make overline loans, it does not provide mortgage lending services, it does not provide data processing for DDA and sav ings, it does not process foreign items or grain drafts, it does not provide trust assistance for such things as IRA, Keogh, pension and profit sharing plans and other trust services. “ The best way I see for a com munity bank is to keep required re serves as a separate, dormant account at the Fed and then go to your correspondent bank for all those other services. In the event of ASK DALE FROEHLICH to m ake M N B work for you. Toll free: 1-800-332-5991 lily 'V 4f https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Merchants National Bank m Member F.D.I.C. A BANKS OF IOWA’ BANK 2 errors where the reserve account would be drawn down, let it be done through the correspondent bank, which will work it out with the re spondent bank—the worst that can happen is that the city correspond ent will make a service charge, probably at prime, sell you Fed Funds, or take some other suitable action to assist the respondent. If you overdraw your account at the Fed then you have problems immed iately, and apparently will be fined.” All correspondent banks are studying the schedule closely at this time, along with community banks, and the A B A has scheduled a Task Force meeting by mid-October pre paratory to responding to the com ments by the October 31 deadline on behalf of the association. Initial reaction from correspond ent bankers is that their pricing overall will outdo the Fed’s sche dule, even though some feel the Fed is using outdated, lower data to make it’s pricing look better. Additionally, they feel that the wide variety of services, and the decades of experience in building up and furnishing those services by the pri vate sector will prove that the fed eral government does not belong in the correspondent bank business. □ NOW Account Rate is 5 Va % The Federal Depository Institu tions Deregulation Committee voted Tuesday of last week to allow banks Grow w ith a BANKERS’ BANKER Comprehensive Packages 1. 2. 3. 4. 5. Blanket Bonds Automobiles Single Interest Fire & Liability SERVICE and savings institutions to pay up to 5V4 % interest on NOW accounts, which become legal beginning January 1. They declined to remove the quarter percent advantage given to thrift institutions, leaving the rate at blA % for s&ls and 5Vt % for commercial banks. The committee also dropped its proposal to ban premiums offered by financial institutions to entice new deposits. Lee Gunderson’s Bank In Osceola Destroyed The Bank of Osceola in Osceola, Wis., was destroyed by fire the morning of August 27. Lee Gunder son, president of the bank and pres ident-elect of the American Bankers Association, located a vacant office building in the next block and had the bank open for business two days later on Friday, August 29. He said equipment suppliers responded im mediately with lender and demo equipment and had it in place in the new location within hours after word of the destructive fire was made known. The first floor of the build ing now is in the basement, but the entire vault, constructed on twostory cement supports, is intact and undamaged. Also, all records were in fire protective cabinets and sur vived the fire. The bank is on com puter so all necessary records were duplicated immediately. C all 1-800-362-1688, toll-free in Iow a Iowa News https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Two changes have been announc ed in the program for the Iowa Bankers Association 94th annual convention as published in the Sep tember N orthwestern B anker . Due to the tremendous response for the Henry Mancini show on Sunday evening, September 21, at the Civic Theatre in Des Moines, the IB A has made special arrangements for a matinee performance at 6:00 p.m. the same day. The second perform ance is at 8:00 p.m ., as scheduled. Also, Percy W ood, president of United Airlines, Chicago, will address the general session Tues flUTDFTlflTED SVSTEfTIS □ f la L U f i. in c . 301 N. Ankeny Blvd., Suite 220 Ankeny, la 50021 515-964-1358 day, September 23. He replaces Jack M cA llister, president o f Northwestern Bell C o., Omaha, who had to withdraw from the program due to business commitments. BELLE PLAINE: Richard Buenneke and Homer Jensen of Inde pendent Management Services in Des Moines and a group of Des Moines investors have purchased controlling stock in the Citizens State Bank. The sale awaits regu latory approval. No personnel changes are contemplated. CEDAR RAPIDS: Marc Moeller has joined the Peoples Bank & Trust Company. He was formerly assist ant cashier at the Keystone Savings Bank, and started his banking career as an Iowa examiner. DANVILLE: Dan P. Kelley, execu tive vice president of the Danville State Savings Bank, has announced the promotion of Robert Hesler from cashier to vice president and cash ier. Mr. Hesler joined the bank in 1971 and was appointed cashier in 1973. DAVENPORT: Perry Hansen has been elected senior vice president of Brenton First National Bank here, replacing Roger Winterhof, who has been named president of the Brenton State Bank in Dallas Center. Mr. Hansen was senior vice Don't gam ble when choosing o correspondent bonk. Com e to the professionals. it. .99 C entral National Bank & Tru st C om pany DES MOINES • MEMBER FDIC TOLL FREE NUMBER (800) 362-1615 Carleton D. Beh Co. 3 Investment Bankers/Financial Consultants NEW ISSUE SALE DATE: Septem ber, 1980 $1,590,000 ANKENY, IOWA MOODY’S: A1 General Obligation Bonds Dated: September 1,1980 - Denomination: $5,000 Both principal and semiannual interest (June 1 and December 1, first coupon due on June 1,1981) payable at the office of the Treasurer, Ankeny, 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 $ 10,000 20,000 50.000 75.000 75.000 90.000 90,000 100,000 110,000 8.00% J u n e l,1982 J u n e l,1983 J u n e l,1984 J u n e l,1985 J u n e l,1986 J u n e l,1987 J u n e l,1988 7.90% J u n e l,1989 7.10% J u n e l,1990 6.00 6.20 6.35 6.50 6.65 6.80 6.90 $120,000 7.00 190,000 7.10 200,000 130,000 150,000 180,000 7.25% J u n e l,1991 7.40% J u n e l,1992 7.60% J u n e l, 1993 7.75% J u n e l,1994 7.90% J u n e l,1995 8.00% J u n e l, 1996 7.25 7.40 7.60 7.75 7.90 8.00 LEGALITY TO BE APPROVED BY AHLERS, COONEY, DORWEILER, HAYNIE & SMITH, ATTORNEYS, DES MOINES, IOWA Ankeny is located in Polk County in the central part of Iowa six miles north of Des Moines. The City was incorporated in 1903 and at that time the population was estimated at 300. Ankeny experienced^ small, but steady growth until after the end of World War II, when the rate of growth began to accelerate. In the past 15 years, population has more than quintupled. Some of the larger industrial employers in Ankeny are: John Deere Des Moines Works (farm machinery, 2,700 employees); Area XI Community College (450 employees); Ankeny Community School District (380 employees); Wholesale Grocers of Iowa (wholesale grocers, 200 employees); and Hicklin G.M. Power Co. (diesel generators and engine testing equipment, 200 employees). Ankeny has two banks with total deposits as of December 31 1979 in excess of $48,700,000. These bonds are being issued under the provisions of Chapter 384, Code of Iowa, 1979, as amended, to provide funds to pay the costs of street construction, water main loops and valves and Northeast Park development. In the opinion of counsel, these bonds are legal and binding general obligations of Ankeny, 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 Actual value taxable property, 1979 Assessed value taxable property, 1979 Direct debt, Including this issue Total direct and overlapping debt ***■ * $296,574,562 223,266,268 8,185,000 12,652,724 Population, 1980 Prelim. Census: 15,303 Direct debt per capita: $534.86 Total debt per capita: 826.81 Tax collections have approximated 100.25% 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: A The information contained herein is not guaranteed, but is derived from sources we deem rel iable 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 availableat 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 When it conies to BANKERS PARTICIPATING Estate Appraisals asePlan.Inc. total service, you’ll get a lot of help for your money. 545 - 31st Street I Member FOiC cashing, managing your time, check frauds and forgery, and a review thru role playing. GRAND ISLAND: The Regional Administrator of National Banks (C of C) in Kansas City has approved the application of Commercial Na tional Bank & Trust Company here for three CBCT locations in the city. The ATM s are at 1607 South Lo cust, Capital Avenue & Highway 281, and Stolley Park Road at High way 281. m NATIONAL BANK An Attillate ot Northwest Bahcorporation Banco® president of Brenton National Bank of Des Moines. W INTERSET: A t a recent special board meeting at Farmers & Mer chants State Bank, Eugene W. DeRaad was elected president and chief executive officer. James W. Mease was elected executive vice president and cashier. Nebraska News The Nebraska Bankers Associ ation has scheduled a series of four Teller/Staff Conferences in midOctober. Each meeting opens with registration at 8:30 a.m. and the first session at 9:00 a.m. After the noon luncheon the afternoon pro gram takes up at 1:00 p.m. and ad journs at 4:00 p.m. The four meet ings are scheduled as follows: Oct. 14, Lincoln, Villager Motel Oct. 15, North Platte, Holiday Inn Oct. 16, Kearney, Ramada Inn Oct. 18, Scottsbluff, Scottsbluff Inn The Scottsbluff meeting has been scheduled for Saturday at the re quest of member banks in that area of the state so that more staff mem bers may travel to participate in the conference. The program will cover money facts and frauds, the drive-in, check r ------------------------------------------------------1 i i ZZ I would like to sell my majority bank stock. lZ I would like to buy ma jority bank stock. i I I i Please Contact: J. Mason Henry Charles E. Walters Co., Inc. Purchase of Collections R. L. “DICK” SELLON • P.D. “DUANE” DEVAULT iow\. neSMQines M Des Moines, Iowa 50312 I l I i I P.O. Box1313, Omaha, Nebraska68101 l I Phone: (402)553-6400 I https://fraser.stlouisfed.org I________________________________ I Federal Reserve Bank of St. Louis KEARNEY: Larry Jepson has re signed as executive vice president at the Overland National Bank in Grand Island to become executive vice president at the First National Bank and Trust Co. here. LINCOLN: Jim Nissen, president of National Bank of Commerce, re ported recently that the bank has filed an application with the regional Comptroller of the Currency for per mission to put a bank office building at the northeast comer of 66th and O Streets in the city. If NBC decides to build there, it would have to close either its patio office at 10th and O Streets or its office at 40th and South Streets in order to comply with the Neraska’s two-office law. OM AHA: The Mid Plains Group of the National Association of Bank Women will have a dinner meeting September 23 at 6:00 p.m. at Mr. C’s Steakhouse. Carol Hunter, presently manager of human rela tions and affirmative active for the Union Pacific Railroad, will discuss Mentors and Networking. Diane Long at the Omaha branch of the Federal Reserve Bank (phone 402/ 341-3610, Ext. 250) is taking ad vance reservations. OM AHA: The Regional Adminis trator of National Banks (C of C) in Kansas City, has received an appli cation from United States National Bank to place a CBCT unit at 25th and California Streets in the center of the campus of Creighton Univer sity. OSMOND: Richard Adkins, chair man of the Osmond State Bank, died of a sudden heart attack September 5 en route home from the Sale of Rare Coins 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 American Bankers Association’s Banking Leadership Conference in Washington D.C. He was 60. Mr. Adkins had given a stirring com mentary from the floor of the Con ference to fellow bankers during dis cussion of the proposed changes in the Douglas Amendment, citing the long-lasting effects of such changes on his community bank and others, after which he was given solid applause for his well-expressed views. Mr. Adkins was a leader in NBA activities for many years, having served as president of the Nebraska Bankers Association in 1974-75. Illinois News A t their convention in Chicago Banners Service LOAN ACTIVITY BULLETIN Who: names of all debtors in the county recorded during the period What: name of secured party When: the date the loan was filed with the Secretary of State Where: location where loan made fast SE«V« * 2463 if* ^ to THANK YOU CANON SV-20 CANON TX-SERIES Midwest Calculator would like to thank the banking commun ity for its help and support in the development and marketing of the Canon SV-Series Loan Audit and Disclosure Systems. Your acceptance and purchase of hundreds of our financial systems has recently resulted in: 1. Midwest Calculator, Inc. has signed with Canon, U.S.A. as Canon’s national consultant firm. 2. Canon and Midwest Calculator are introducing the remarkable new TXSeries at the Iowa Bankers Convention! Please stop by our booth (#39 and #40) and be a part of the national debut of this ex citing new product designed specifically for bankers. Your com m ents and th ou gh ts are welcome, and will be considered in the final design of the TX-Series Financial System. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Supplement to Northwestern Banker Newsletter 9-15-80 NEW GENERATION CANON FINANCIAL SYSTEMS "The Canon SV-20 and TX-Series Financial Systems are successors to our very successful SV-10 Loan System. ” Here is a list of the valuable features contained in The Canon Financial Systems: Ease of operation was the number-1 priority in the development and design of the Canon Financial Systems. The ability to audit existing loans, including balloon loans, and disclose the true APR. Balloon Payment Loans (with insurance): • Compute payment given balloon • Compute balloon given payment Installment Loans (with insurance): • weekly • quarterly • semi-monthly • semi-annual • monthly • annual • Complete tape audit trail of any disclosure— easy-to-read. • Computes even-dollar payment loans with an adjusted final payment. • Computes rebate on interest and insurance premiums—actuarial on interest, rule of 78’s on premiums. • A 200 year built-in actual calendar—retains today’s date all day, even if the unit is turned off or unplugged. • All insurance rates built-in. Commercial single payment notes (with in surance) • Computes dealer reserve quickly and accur ately. Long-term Real Estate Loan, ballooned at any payment point, with points and true APR. • Given the desired payment, APR, and term: computes the cash advance (principal). Complete amortization of any loan disclosed. Variable-Payment amortization. • You may change any part of the loan without starting over and reprint the entire disclosure in seconds. Direct access to the outstanding balance at any payment point, and total interest accrued to date. • All loans are disclosed with the true computed APR: automatically adjusts for loan fees, service charges, etc. IRA disclosures. • Sinking funds. CD penalties. • Mortgages with private mortgage insurance. Depreciation schedules. • FHA mortgages. • Computes the date of the last payment, or any payment. You will be pleased at the proficiency, flexibility, and accuracy the Canon SV- and TX-Series Finan cial System will provide your bank’s installment loan department, commercial loan department, mort gage loan department, and internal audit department. Here is a truly comprehensive, integrated loan audit and disclosure system designed specifically for Bankers. For a personal demonstration and names of Bankers now using this system contact: Tom Weaver, President Don Leonard, Financial Systems Representative Midwest Calculator, Inc. 1022 Grand Avenue Des Moines, Iowa 50309 515/283-2513 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Tom Weaver— designer and programmer of the Canon Financial System. A •# \ K -4 •* ■4 Dick Muir UNITED MISSOURI BANK OF KANSAS CITY, N .A . 10th and Grand ° Kansas City, Mo. 816-556-7903 Member FDIC 4 A' last week, members of the Associ ation for Modem Banking in Illinois adopted the following resolution: “ Be it resolved that the members of the American Bankers Associ ation who are also members of the Association for Modem Banking in Illinois do hereby advise the A B A of their intent by mail ballot or at the state convention in 1981 to elect their porportionate representation to the A B A Council for 1981-82." The Illinois Bankers Association presently has five members on the A B A Council, of which AM BI wants 40% , or two members, elect ed by AM BI. Minnesota News P yJp' * -j> 1É * 4 The Minnesota Bankers Associ ation begins its series of nine annual district meetings today at the Holi day Inn, Brainerd, with District 6. The other meetings are (district shown in parentheses): Sept. 16, Holiday Inn, Eveleth (8) Sept. 17, Holiday Inn, Bemidji (9) Sept. 18, Sunwood Inn, Morris (7) Sept. 22, Orchid Inn, Sleepy Eye (2) Sept. 23, Holiday Inn, Rochester (1) Sept. 24, Radisson South, Bloom ington (3, 4, 5) Call our Bond Department For up-to-the-minute, accurate information The M BA nominating committee has recommended for endorsement at these meetings the following slate of officers for election at the M BA annual con ven tion next June: Robert J. Welle, chairman, 1st Na tional, Bemidji, for advancement to M BA president from first vice presi dent; John P. Ingebrand, president, Kanabec State Bank, to succeed Mr. Welle as first vice president; Herbert A. Lund, president, Secur ity State Bank, Albert Lea, to suc ceed Mr. Ingebrand as second vice president; Donald A. Sirek, presi dent, State Bank of New Prague, for a second one-year term as treasurer. The next scheduled M BA meet ings are the Junior Bank and Staff Conference October 7-8 at the Leam ington Hotel, Minneapolis, and a Consumer Compliance Workshop October 20-22 at the Hilton Inn, Minneapolis. Correspondent Danker American Trust & Savings Dank The Donk of Opportunity Town Clock Plaza. Dubuque, Iowa CALL 319-582-1841, COLLECT Aurora bank. Theodore D. Brown, holding company chairman, said it will be renamed First National Bank of Aurora. He said Melvin E. Emeigh will serve as president of the bank. A native of Crete, Neb., Mr. Emeigh was president of Arapahoe Colorado National Bank in Littleton for five years before joining Bancorporation. CROOKSTON: Donald T. Lawler, 72, president and trust officer of Crookston National Bank, died in his sleep September 9. Mr. Lawler had suffered from heart trouble for several years. He was a veteran of 54 years in banking and moved to Crookston in 1946. He had served as president of Crookston National for many years and owned controlling interest in the bank. Loren W. Cofell, vice president, is serving as managing officer. DULUTH: The Northern City Na tional Bank and Duluth National Bank, both affiliates of First Bank System, Inc., changed their names September 3. Northern City Nation al now is named First Bank (N.A.)Duluth. Duluth National Bank now is known as First Bank (N.A.)Duluth-West. Colorado News AURORA: The First National Bancorporation, Inc., Denver, has com pleted purchase of Buckingham Square National Bank with acquisi tion of 100% of the shares of the CORTEZ: Joe F. Mangum has been elected president of First National Bank here, according to D.H. Hindmarsh, following a meeting of the board. Glenn Watmore, former president, will continue with the bank in a lending capacity. Mr. Mangum moves from Casper, W yo., where he was executive vice presi dent of First Wyoming Bank. Previ ously, he had banking experience in the Farmington-Cortez area. Wyoming News WORLAND: Although the Federal Reserve Board issued approval on August 19 of the application of Wyoming Bancorporation, Chey enne, to acquire First Wyoming Bank-Worland, a proposed new bank, it was revealed last week that the Wyoming Supreme Court as of September 10 still had not rendered a decision in the case as to whether the state examiner should be order ed to issue the charter. Tom Steffens Terry Mercurio Jim McLaughlin Vice President Vice President Asst.Vice President Asst.Vice President Vice President 234-2462 234-2458 Bond Representative 234-2673 234-2674 C om m erce BANK o f Kansas G tv' https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis "Opportunity Colls..." Leo Kane, Member FDIC Tony Paugoulatos 234-2647 John Henderson 234-2463 10th and Walnut Rusty Reese (816) 234-2000 5 PARTIAL LIST OF AVAILABLE APPLICANTS We’re people you can turn to for investments. INVESTMENT— BA with very high GPA and experi ence as a full service broker. Wants a spot in invest ments. $12,000 For investment services, data processing, ag lending and overlines . . . we’re the people you can turn to. LOAN OFFICER—Graduate of ag banking school with experience as teller/bookkeeper. Good person for trainee position. $10,500 We’re more than western Iowa’s largest bank. We’re people. LENDING—Started as teller and has worked up to senior loan officer. Pays attention to detail and gets the job done. $14,500 Jim Hongslo Vice President LOAN OFFICER— BA in finance and 3 + years as a bank examiner. Evaluates both loans and operations. W ill consider lending or operations. $16,000 712/ 277 -6 6 25 SECURITY NATIONAL RANK IN SIOUX CITY, IOWA. MEMBER F.D.I.C. ) 1980 Security National Bank POSITION WANTED CEO with solid lending and administrative background ...............................................................$35,000 SeniorVP, commercial loans ..........................$30,000 Commercial Loan Officer ................................$20,000 Ag Lending Off ic e rs ......................................... $22,000 Instalment Loan O fficer....................................$22,000 Loan Officer with insurance lic e n s e ................$23,000 Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306-15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employers pays fee. (PW) CREDIT CARD MANAGER—Skilled in all areas of credit cards. Service, accounting and collections. Has supervisory experience. An expert in setting up private label systems to fund merchants accounts receiv ables. $20,000 COMMERCIAL LENDER—Certified commercial lend er. Heavy in lending, analysis and collections. Exper ience with six figure loans and can develop new busi ness. $25,000 VP— Currently vice president with $50 + mm bank. Solid in lending, credit and operations. Responsible for banks conform ity to state and federal laws. $28,000 FOR MORE INFORMATION RESPOND IN CONFIDENCE TO: FOR SALE 20 NCR 152-70 teller machines with the three total fea ture. Excellent condition. Price per machine is $565. Call Ada Turner at (512)250-0794._____________ (FS) FOR SALE Burroughs TR-101 electric teller machine. $795 each. ______________ Call (214) 757-7760___________ (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) AG BANKING CAREERS AG LENDING REP. . .Io w a ............................$20,000 ....................$20,000 VICE PRESIDENT. . .Minnesota ....................$20,000 ................$16,000 AG LOAN REP. . .Iowa ................................. $20,000 LOAN OFFICER. . .Iowa ............................$15-20,000 Trust Officer (ag oriented) needed by central Illinois bank. For more information, give Linda (our banking spec ialist) a call today. BariCAREERS, INC. A G R IC U L T U R A L PERSONNEL V' rV' pur. §3 R E C R U IT E R S 515-394-3145______________ New Hampton, IA 50659 % SERVING PROFESSIONALLY Banking,Financial & Business Personnel Iowa and Nationwide CAPITAL PERSONNEL SERVICE 714 Central National Bldg. 515-283-2545 _______ Des Moines, Iowa 50309_______ NCR 490 desktop check encoders. Full-field. Guar anteed. $795 each. m J L ALL FEES COMPANY PAID POSITIONS AVAILABLE Since 1968, banks and other ag-related employers have been paying us to find the personnel they need. Write or call Malcolm Freeland, Freeland Financial Service, Inc., 306 - 15th Street, Des Moines, IA 50309. Phone (515) 244-8163. Employer pays fee.______ (PA) t* of Iowa, Inc 317 6th Ave Des Moines, IA 50309 (515) 244-4414 CASHIER— Management opportunity with $25MM Iowa bank. Duties include operations and comp troller’s function.................................................$20,000 CPA with bank experience or bank auditor degree wanted by $45 million Iowa bank. Ag Lender wanted by southern Illinois bank. Prefer person with ag degree and mortgage loan experience. ROBERT HALF NCR 152-70 teller machines. Completely recondition ed. Guaranteed; 15 days free trial. $595 each. CREDIT MANAGER. . .Wisconsin >4 Bank Division Mobile bank unit 12x60. Complete banking equip ment, two teller stations and private office off lobby. Available now. Drommer Leasing, 401 Queens Court, Sioux City, IA51104. Phone (712)239-2315. (FL) Free standing portable drive-up window unit. Com plete; heat; air conditioned; 8’x12’. Available now. Drommer Leasing, 401 Queens Court, Sioux City, IA 51104. Phone (712)239-2315. (FL) FARM/AG FINANCE. . .Illinois A AG LENDER— BA in ag business, made the dean’s list; 2 1/2 years experience includes analyzing loans, managing farms, soliciting new business and making farm calls. $17,500 FOR LEASE BANKING CAREERS— If you are currently employed and wish to evaluate your career potential, my organi zation has openings in the $12,000 to $40,000 range in banks throughout the midwest. A ll position job orders No. 106-218 are employers paid. Call or write Jim Hogan, Dunhill, Suite 1135, 730 2nd Ave. S., Minneapolis, M N 55402; (612)335-6451._____________ (PA) EXPERIENCED MULTI-LINE INSURANCE PRODUC ERS—Three openings in Wyoming. Salary, commis sions and excellent benefits. Reply to First Wyoming Insurance Agency, P.O. Box 988, Wheatland, WY 82201. _____________________________ (PA) IMMEDIATE OPENING for an experienced instalment loan officer in a $26 million bank located in north central Minnesota’s lake country. Salary commensur ate with experience. Excellent benefits, with an opportunity to move into senior management in the future. Send resume to file LBA, c /o Northwestern B a n k e r . ______________________________(PA) Hi COMMERCIAL LOAN— Medium size Rocky Mountain bank seeks senior commercial lender. Supervise in stalment, real estate and commercial depart ments................................................................ $28,000 PRESIDENT—$25MM bank close to major metro politan area. Must be strong lender and have current administrative responsibilities......................... $40,000 AGRI LOAN— Handle $8MM department for rural Kansas bank. Additional duties include ag credit department with $3MM portfolio.......................$22,000 §1 * AG LENDER— Medium size Nebraska bank seeks addition to ag department. Prefer ag related degree and 3-4 years lending experience...................... $24,000 FINANCIAL OFFICER—$40MM rural bank desires controller to handle reports, investments and liability side of ledger...................................................... $25,000 JUNIOR LOAN— Bank located in Missouri resort area wishes to hire collector with some lending experience. Good opportunity for advancement................ $14,000 Sample of current listings. Salary history and resume requested. TOM HAGAN & ASSOCIATES 2024Swift / P.O. Box 12346 North Kansas City, Missouri 64116 _____________ Phone (816) 474-6874_____________ rnr*\ C A L L O N T H E “P E R F O R M A N C E T E A M ” where com m on transactions are handled uncommonly well. M FI RST N A TIO N A L LINCOLN 13th & M Street • Lincoln, Nebraska 68501 • Member, F.D.I.C. Vol. 9 No. 21 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 A 4L
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