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Caption: Board of Trustees Minutes - 1980
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574 BOARD dJt TRUSTEES [March 20 Date Number Description Cost/Yield Amount Purchases: 1/7 $2 500 000 Ford Motor Credit 8 percent notes due 1/8/80 8.00% $2 500 000 00 1/9 20 000 Highland Community Bank 6 percent certificate of deposit due 1/2/83 6.00 20 000 00 1/24 100 000 Ford Motor Credit 6 percent notes duel/25/80 6.00 100 000 00 2/1 2 000 000 Northern Trust \VA percent certificate of deposit due 5/30/80 13.25 2 000 000 00 2/4 45 000 U.S. Treasury bills due 6/12/80 12.38 43 104 19 2/5 400 000 U.S. Treasury bills due 7/17/80 12.77 378 140 00 2/11 1 500 000 Continental Bank 13V4 percent time deposit due 6/9/80. 13.25 1 500 000 00 2/14 120 000 U.S. Treasury bills due 6/19/80 12.74 114 876 00 2/15 1 000 000 Continental Bank 13*/4 percent time. deposit due 8/25/80 13.75 1 000 000 00 2/15 715 000 U.S. Treasury bills due 3/20/80 13.63 705 915 55 2/19 1 500 000 Continental Bank 14V4 percent time deposit due 10/15/80 14.50 1 500 000 00 2/19 900 000 First National Bank of Chicago 14.2 percent certificate of deposit due 6/17/80 14.20 900 000 00 2/19 10 000 U.S. Treasury 6'4 percent bonds due 2/15/93 9.17 7 133 75 2/20 20 000 U.S. Treasury bills due 6/12/80 12.75 19 230 28 2/22 1 000 000 Continental Bank 15% percent time deposit due 10/29/80 15.38 1 000 000 00 2/22 1 000 000 Continental Bank 15% percent time deposit due 11/12/80 15.38 1 000 000 00 2/22 5 000 Household Finance demand notes 13.90 5 000 00 2/22 200 000 U.S. Treasury bills due 8/14/80 14.21 187 143 33 2/25 2 022 389 First National Bank of Chicago 14 percent certificate of deposit due 4/21/80 14.00 2 022 388 89 2/25 800 000 U.S. Treasury bills due 7/17/80 13.76 758 530 00 2/29 1 400 000 Springfield Marine Bank 15 percent certificate of deposit due 6/20/80... 15.00 1 400 000 00 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. OFFICE OF THE TREASURER President Forsyth called attention to the fact that Mr. Robert R. M a n chester, treasurer of the board since March 20, 1963, and now serving the second year of his present two-year term as treasurer, is retiring from his position with the First National Bank in Chicago to assume duties as manager of Georgeson & Co., in Chicago. No legal or other limita-
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