Herington Faces Bank Closure and Community Response
In rural Kansas, First National Bank of Herington closed as 23 local stores vanished and a factory burned. Community groups including FDIC, KSU Extension, FACTS, FHA and ministerial groups coordinated aid, counseling, loan analysis with FINPACK, and rumor monitoring. The effort aims to ease farm and business transitions and may become a model for other towns.
MENTIONED IN THIS ARTICLE
Herington
Kansas
First National Bank of
Federal Deposit Insurance Corp
FDIC
Kansas State University Cooperative Extension Service
State Facts Hotline
Farmers Home Administration
FHA
Kansas Small Business Development Centers
Texas
Oklahoma
Earl Wright
Facts Farm Finance
U.S. Comptroller of the Currency
Kansas City
Wright
First National Bank
Marion
Morris
Dickinson
Dennis Cavinan
Ron Williams
Herington United Methodist Church
Ministerial Association
Pete Brent
Prairie Fire Rural Ministry
Iowa
First National
Williams
Brent
Pretzer
KSU Cooperative Extension Service
Finpack
KSU
Small Business Development Center
Bill Mahaney
Saline County
Tion
Steve Town
Marion County
Tomn
Kansas Farm Management Association
Cavian
State Extension
Pastor Williams
Corn Exports Rise Boost U S Farm Outlook
The USDA lifts its export forecast to 38.8 million tons citing Japan and the Soviet Union purchases and lower prices from a farm law rate cut. With Oct. 1 starts, exports may reach 40.6 million tons, taking a 67 percent share of a 60.9 million ton world corn market.
MENTIONED IN THIS ARTICLE
Washington
USDA
Japan
Soviet Union
Agriculture Department
United States
Fed Change To Help Exports By John Cunniff AP Business Analyst
The article examines post Volcker era market reactions with vs for a weaker dollar. Morgan Guaranty argues declines attract foreign buyers by making dollar assets cheaper, while Dessauer notes foreign purchases rose when the dollar weakened and that a falling dollar can attract funds rather than repel them.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
U.S
Paul Volcker
Federal Reserve Board
United States
Morgan Guaranty Trust
Morgan Economic Quarterly
Morgan
John Dessauer
Dessauer
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