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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 5, 1999.
NORWEST FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
Iowa 2-80466 42-1186565
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
206 Eighth Street, Des Moines, Iowa 50309
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (515) 243-2131
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Item 4. Change in Registrant's Certifying Accountant.
(a) Norwest Financial, Inc. (the "Registrant") previously
filed a Current Report on Form 8-K dated March 5, 1999 to
report, pursuant to Item 4 (Change in Registrant's
Certifying Accountant), that the Board of Directors of the
Registrant dismissed Deloitte & Touche LLP (subject to the
completion of the Registrant's and related entities' audits
for the year ended December 31, 1998) and approved the
selection of KPMG Peat Marwick LLP as the Registrant's
independent accountants for the year ending December 31,
1999. Such Form 8-K Current Report also placed on file a
copy of the March 5, 1999 letter of Deloitte & Touche LLP to
the Securities and Exchange Commission pursuant to Item
304(a)(3) of Regulation S-K. The Registrant's audit for the
year ended December 31, 1998 was subsequently completed by
Deloitte & Touche LLP. This Current Report on Form 8-K/A is
being filed to update the disclosures required by Item 304
of Regulation S-K (as set forth in the previously filed Form
8-K Current Report) through the completion of the 1998
audit.
The firm of Deloitte and Touche LLP served as the
Registrant's independent accountants for the years ended
December 31, 1998 and 1997, and Deloitte & Touche LLP issued
an unqualified opinion on the Registrant's consolidated
financial statements as of and for the years ended December 31,
1998 and 1997.
(b) There were no disagreements with Deloitte & Touche LLP
within the meaning of Instruction 4 to Item 304 of
Regulation S-K on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope
or procedure in connection with the audits of the
Registrant's financial statements for the years ended
December 31, 1998 and 1997, which disagreements if not
resolved to its satisfaction would have caused Deloitte &
Touche LLP to make reference to the subject matter of the
disagreement in connection with its reports.
(c) As reported in the previously filed Form 8-K Current
Report, during the two most recent fiscal years and through
March 5, 1999, the Registrant had not consulted with KPMG
Peat Marwick LLP on matters described in Item 304(a)(2)(i)
and (ii) of Regulation S-K.
(d) Deloitte & Touche LLP has furnished a letter addressed
to the Commission stating whether it agrees with the
statements contained above. A copy of that letter, dated
May 21, 1999, is filed as Exhibit 16 to this Form 8-K/A.
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Item 7. Financial Statements and Exhibits.
(c) Exhibits.
16 Copy of the letter of Deloitte & Touche LLP to the
Securities and Exchange Commission included herein
pursuant to Item 304(a)(3) of Regulation S-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
NORWEST FINANCIAL, INC.
By: \S\ Eric Torkelson
Eric Torkelson
Senior Vice President and Controller
Date: May 25, 1999
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INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION OF EXHIBIT
16 Copy of Letter of Deloitte & Touche LLP to
Securities and Exchange Commission Pursuant to
Item 304(a) of Regulation S-K
EXHIBIT 16
Deloitte & Touche LLP
(logo) Two Prudential Plaza Telephone: (312)946-3000
180 North Stetson Avenue Facsimile: (312)946-2600
Chicago, Illinois 60601-6779
May 21, 1999
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4(a) and 4(b)
of Form 8-K/A of Norwest Financial, Inc. dated March 5, 1999.
Yours truly,
\S\ Deloitte & Touche LLP
Chicago, Illinois
Deloitte Touche
Tohmatsu
