Show I T 1 9 ik 0 tit lI JIo t Bank BalIk To Show r New Nc Equipment a. a fl J J. J C C. C. C Hartman chief programmer demonstrates use of Fanner's State Banks Bank's new data processing system He lie Heis lieis Heis is at the controls of the central processor the heart heart We think the best part about our new data processing processing processing sing system is that it will enable us to have more time with our customers by taking taking taking tak tak- ing over the greater part of our paper work Newell Parkin president of Farmers Farm Farm- I ers State Bank said today i MR PARKIN WAS speaking speaking speak- speak j I old West ing ng of the 59 vear I 1 of or the system which coordinates the functions of the other units surrounding him Bountiful banks bank's unit 6 Burroughs Burroughs Burroughs Bur Bur- roughs Data Processing System System I tem tern recently acquired as part of a program of modernization modernization modernization mod mod- by the bank Whereas it would require as much as several days I to post new information and andI customer transactions transactions' on onI j I I customer and office inter-office records Mr l Parkin said the whole process can now r vM V j r I ir I I To greet at Farmers Farmer's State Bank open house will be Miss Bountiful and her attendants Kathleen Luke center Jean Burningham left and Sharyl Hill right be accomplished for one days day's business by the time we have opened our doors the next morning RATTIER RATHER THAN TAN involving us in more red tape the computer system does exactly exactly exactly ex ex- ex- ex the opposite it frees us from the time-consuming time aspect of record keeping I and updating of customers' customers I accounts Our staff is very proficient in its use and is being orientated orientated orientated or or- in the best ways to turn the time saved in added services and conveniences to the customer AN OPEN HOUSE is panned planned plan pan ned by Farmers State Bank for Saturday Nov 9 from 2 til 3 pm p.m. to introduce I Davis County residents to the new data processing system tern tem and the banks bank's modernization i tion program I. I THE NEW SYSTEM consists consists consists con con- of six consoles which work in harmony with each other In carrying out the separate functions of processing processing processing sing new accounts and cur- cur erent crent account changes as aswell aswell well as posting the information information information tion on permanent records for reference purposes The sophisticated equipment equipment equipment equip equip- ment will wiH include a Read Sorter er which reads checks by recognizing magnetic characters a Line Printer Printer Printer Print Print- er which prints coded reports reports reports re re- re- re ports on paper of monthly statements savings and installment installment installment in in- I loans a Magnetic Magnetic Mag Jag Tape Quad-Tape Unit which stores and has the of locating needed inform tion Lion at the rate of 25 characters per second I ICard I i Card Reader which ses punch cards at 2 words per minute a atral c Cei i itral Processor the hear of the whole system whiff directs the coordinate functions of the other unit and lastly the System which photograph all checks and deposits 1 tj ii the Bank J I On hand to greet visit w will lI be Miss Bountiful ft f 1968 Kathleen Luke and h. h two attendants Jean Bu Bur ingham and Sharyl Hill I i |