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Caption: Board of Trustees Minutes - 1994
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280 BOARD OF TRUSTEES [May 11 The following list of financial institutions currently collateralize University deposits at the FRB of Chicago: The First National Bank of Chicago The Northern Trust Company Bank One, Peoria Champaign National Bank Amcore Bank, Rockford First of America Bank The vice president for business and finance and comptroller has recommended that the board adopt the following resolution that adds Bank One, Springfield, to this list of banks that currently collateralize University deposits at the FRB of Chicago. This resolution also contains a revised list of the titles of University personnel who are authorized to release collateral back to the pledgor. A certificate of incumbency containing the names and signatures of those individuals currently holding these titles authorized by the resolution will be signed by the secretary of the Board of Trustees. This certificate will accompany the resolution to FRB of Chicago and will be updated as necessary. I concur. Resolution Resolved, that Bank One, Springfield, utilize the services of Federal Reserve Bank of Chicago for the custody of securities pledged to the Board of Trustees of the University of Illinois or to any of its agencies or departments, upon terms and conditions prescribed by the Federal Reserve Bank of Chicago. Resolved, that such securities deposited for custody with Federal Reserve Bank of Chicago may be released from custody to Bank One, Springfield, upon the signature of any one of the following: Associate Vice President for Business and Finance; Director of Cash Management and Investments; Assistant Director, Cash Management and Investments. Resolved, that the Secretary of the Board of Trustees of the University of Illinois forward a certified copy of this resolution to Federal Reserve Bank of Chicago together with a certificate attesting to the names and signatures of the present incumbents of the offices described above; and that the Secretary of the Board of Trustees of the University of Illinois further certify to the bank from time to time the signatures of any successors in office of any of the present incumbents. Resolved, that Federal Reserve Bank of Chicago shall be fully discharged from all liabilities or responsibility for any action carried out in accordance with this resolution until it receives express written notice to the contrary in the form of a certified copy of a subsequently enacted resolution. Resolved, that this resolution shall supersede and cancel all previous resolutions relating to the custody of securities at Federal Reserve Bank of Chicago. On motion of Dr. Gindorf, the foregoing resolution was adopted by the following vote: Aye, Mr. Engelbrecht, Dr. Gindorf, Mrs. Gravenhorst, Mr. Lamont, Ms. Lopez, Mrs. O'Malley, Ms. Reese; no, none; absent, Dr. Bacon, Mrs. Calder, Governor Edgar. (The student advisory vote was: Aye, Mr. Didato-Castillo, Mr. Rose; no, none.)
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