Caption: Board of Trustees Minutes - 1980
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546 BOARD OF TRUSTEES [February 21 Quarterly Report of the Comptroller (36) The comptroller presented his quarterly report as of December 31, 1979. This report was received for record, and a copy has been filed with the secretary of the board. Comptroller's Report of Gifts and Funds Received from Outside Sources (37) The comptroller presented a report of gifts, grants, and contract funds (including funds from private donors and funds received from governmental agencies) received by the University during the fiscal year July 1, 1978 through June 30, 1979. The complete report was sent to each member of the board in advance of the meeting, and a copy is being filed with the secretary of the board. Report of Investment Transactions through January 31,1980 (38) The comptroller presented the investment report as of January 31, 1980. Transactions under Finance Committee Guidelines Date Sales: 1/24 1/31 1/31 1/31 Number Description Cost/Yield Amount $ 600 shares TRW $4.50 convertible preferred stock... $ 42 092 75 2 709 shares Jewel Companies common stock 58 309 35 2 000 shares TRW common stock.. 74 855 02 107 000 Morgan demand notes. 107 000 00 Morgan demand notes Morgan demand notes $ 50 017 33 75 348 40 93 764 40 107 000 00 50 000 00 107 000 00 Purchases: 1/25 $ 50 000 1/28 107 000 13.71% $ 13.71 Transactions under Comptroller's Authority Date Number Description Cost/Yield Sales: 1/2 $4 000 000 Federal National Mortgage notes due 2/29/80 $3 795 322 22 $3 1/2 300 000 U.S. Treasury bills due 3/27/80 285 010 67 1/16 300 000 U.S. Treasury bills due 3/27/80 285 010 67 1/16 500 000 U.S. Treasury bills due 4/17/80 482 685 27 1/29 1 000 Associates demand notes 1 000 00 1/29 1 000 City Products demand notes 1 000 00 1/31 56 496 First National Bank of Chicago 5i4% open end time deposit 56 495 57 Purchases: 12/4 $ 17 000 Morgan demand notes 12.38%$ 12/28 20 000 Independence Bank 6 percent certificate of deposit due 12/30/84 6.00 12/28 20 000 Seaway National Bank 6 percent certificate of deposit due 12/30/81 6.00 Amount 919 637 78 291 529 33 293 018 33 484 883 89 1 000 00 1 000 00 56 495 57 17 000 00 20 000 00 20 000 00
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