New directors named at Mpls. Fed

Northwestern Financial Review, Jan 10, 1998

David A. Koch, chairman, Graco, Inc., Plymouth, Minn., was appointed to a one-year term as chairman of the Minneapolis Federal Reserve Bank. His term began Jan. 1, 1998.

James J. Howard, chairman, president and CEO, Northern States Power Co., Minneapolis, was appointed to a one-year term as deputy chairman.

Bruce Parker, president and manager of the Billings office of Norwest Bank of Montana, Billings, was elected by member banks to a threeyear term as a Class A director, succeeding William Pickerign, president of The Northwestern Bank, Chippewa Falls, Wis. Parker is president of the Montana Bankers Association.

Kathryn L. Ogren, owner of Bitterroot Motors, Missoula, Mont., was re-elected by member banks to a three-year term as a Class B director.

Ronald N. Zwieg, president, United Food and Commercial Workers Local 653, Plymouth, was appointed to a three-year term as a Class C director, replacing Jean D. Kinsey, professor, University of Minnesota.

The Minneapolis Fed's ninemember board is grouped into three classes. Class A and B directors are elected by member banks. The Board of Governors in Washington D.C., appoints three Class C directors and designates one of its appointees as chairman and a second as deputy chairman. Three directors are bankers while the other six represent large corporations, small business, education, industry, agriculture or consumer interests.