Caption: Board of Trustees Minutes - 1980
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232 BOARD OF T R U S T E E S Cost/Yield 9.84% 9.50 9.97 9.87 9.97 10.25 10.25 10.25 10.25 10.05 9.58 9.65 9.50 9.05 9.50 10.15 8.90 9.50 10.00 9.88 10.30 5.00 [March 21 Amount $ 5 000 00 599 183 416 2 3 145 30 000 000 000 000 000 000 000 00 00 00 00 00 00 00 Date Number Description Purchases: 12/4/78 $ 5 000 Ford Motor Credit demand notes 12/6/78 599 000 General Motors Acceptance 9'A percent note due 12/15/78 12/15/78 183 000 City Products demand note 12/15/78 416 000 Ford Motor Credit demand notes 12/19/78 2 000 City Products demand note 1/2/79 3 000 Ford Motor Credit demand notes 1/5/79 145 000 Associates demand notes 1/5/79 30 000 Household Finance demand notes 1/5/79 147 000 International Harvester Credit demand notes 2/6/79 1 000 000 Harris Trust & Savings Bank 10.05 percent certificate of deposit due 7/6/79 2/6/79 210 000 U.S. Treasury bills due 6/21/79 2/6/79 350 000 U.S. Treasury bilk due 7/12/79 2/14/79 2 000 000 Northern Trust 9'A percent certificate of deposit due 3/21/79 2/14/79 60 000 U.S. Treasury bilk due 5/29/79 2/15/79 102 654 Prairie State Bank 9Vi percent certificate of deposit due 5/16/79 2/15/79 100 000 South Shore National Bank 10.15 percent certificate of deposit due 5/16/79 2/15/79 690 000 U.S. Treasury bills due 3/29/79 2/21/79 1 013 263 Busey First National Bank 914 percent certificate of deposit due 3/28/79 2/21/79 809 613 Champaign Loan and Building 10 percent certificate of deposit due 4/23/79... 2/21/79 208 244 Morton Community Bank 9'/g percent certificate of deposit due 5/22/79 2/23/79 2 000 000 Chicago Tokyo Bank 10.30 percent certificate of deposit due 4/11/79 2/1-28/79 29 007 First National Bank of Chicago 5 percent net open-end time deposit 147 000 00 1 000 000 00 202 715 63 335 955 67 2 000 000 00 58 46133 102 654 09 100 000 00 682 905 76 1 013 263 01 809 613 33 208 243 84 2 000 000 00 29 006 66 O n motion of Mr. Howard, this report was approved as presented. SECRETARY'S REPORT T h e secretary presented for record appointments to the faculty and changes of status made by the president, resignations, leaves of absence, and retirements. A copy of the report is filed with the secretary. ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD President Forsyth called attention to the schedule of regular meetings for the next three months: April 20 (Friday), U r b a n a ; May 16, Medical Center; June 20, Chicago Circle. He also announced that an executive session had been requested and would be convened after the meeting to consider reports on pending litigation. RECESS AND EXECUTIVE SESSION Following a short recess, the board reconvened in executive session and considered the following items of business: Litigation Initiated by David H. Krupa (32) A complaint has been filed in the Court of Claims of the State of Illinois by David H. Krupa in which the named defendants are "State of Illinois and Board of
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