Designation of Five Members of the Board of Directors of the Rural Telephone Bank

The President today announced his intention to designate the following individuals to be members of the Board of Directors of the Rural Telephone Bank:

Seeley G. Lodwick is Under Secretary of Agriculture for International and Commodity Programs. Previously Mr. Lodwick served as Iowa administrator for Senator Roger W. Jepsen (R-Iowa), while managing a family-owned corn and soybean farm in southeast Iowa. He was born October 19, 1920.

Frank W. Naylor, Jr., is Under Secretary of Agriculture for Small Community and Rural Development. Previously Mr. Naylor was senior vice president of the 11th Farm Credit District, Sacramento, Calif. He was born February 7, 1939.

Ruth A. Reister is Deputy Under Secretary of Agriculture for Small Community and Rural Development. Previously Mrs. Reister was assistant vice president of the Federal Reserve Bank of Minneapolis, Minn. She was born May 3, 1936.

William F. Stake is president, Stake Construction Co., Lennox, S.D. He founded the company in 1948. Mr. Stake was a member of the Minnesota Telephone Association in 1973-77. He was born August 28, 1920.

Don C. Stansberry, Jr., is senior partner, Baker, Worthington, Crossley, Stansberry and Wolf of Huntsville, Tenn. Previously Mr. Stansberry was general counsel for the Highland Telephone Cooperative, Inc., with headquarters in Sunbright, Tenn. He was born February 7, 1939.