THE ADMINISTRATION: The Versatile Banker

From Meditations on the Ten Commandments to The Toastmaster's Hand book to Term Loans and Theories of Bank Liquidity, the titles of books he has written indicate the versatility of Herbert Victor Prochnow (rhymes with stock low), 58, vice president of Chicago's First National Bank, largest in the Midwest. Last week Herb Prochnow took on a new and demanding job: the State Department's top economic post, Deputy Under Secretary for Economic Affairs.

Prochnow, who succeeds Samuel Waugh (now president of the Export-Import Bank), will help handle foreign aid, trade and tariff negotiations, and programs to stimulate overseas investments. He got...

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