Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 421]

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410

BOARD OF TRUSTEES

[ O c t o b e r 10

A complete list of the purchases, with supporting information (including the quotations received), was sent to each member of the board in advance of the meeting. A copy is being filed with the secretary of the board for record. O n m o t i o n of M r s . D a y , t h e p u r c h a s e s r e c o m m e n d e d w e r e a u t h o r i z e d by t h e following v o t e : Aye, M r s . D a y , M r . F o r s y t h , M r s . G r a v e n h o r s t , M r . H a h n , M r . H o w a r d , M r . L o g a n , M r . M a d d e n , M r s . S h e p h e r d , Miss S m i t h ; no, n o n e ; absent, Governor T h o m p s o n . ( T h e s t u d e n t a d v i s o r y v o t e w a s : Aye, M r . Becker, M r . L a m m ; n o , none.) Comptroller's M o n t h l y Report of Contracts Executed (16) T h e comptroller submitted the October 1985 report of contracts. T h e report included contractual agreements for payments to the University and contracts in amounts up to $50,000, to be paid by the University. A copy of this report is filed with the secretary. T h i s report was received for record. Report of Investment Transactions through September 15, 1985 (17) The comptroller presented the investment report as of September 15, 1985. Transactions under Finance and Audit Committee Guidelines Date Number Sales: 8/26 $ 9 000 9/3 300 shares 9/3 $ 44 000 9/4 24 000 9/10 2 000 000 9/12 Description Cost/Yield 00 $ 34 00 00 00 00 Amount 9 15 44 24 000 687 000 000 00 97 00 00

Chevron demand notes $ 9 000 Mellon common stock 14 285 Chevron demand notes 44 000 Chevron demand notes 24 000 U.S. Treasury 854 percent bonds due 5/15/05 1 493 125 26 000 Quaker Oats demand n o t e s . . 26 000 Ford Motor Credit demand n o t e s . . . U.S. Surgical common stock Chemlawn common stock U.S. Surgical common stock U.S. Treasury 9% percent notes due 6/30/89

1 577 500 00 26 000 00 35 5 60 24 000 512 175 375 00 50 00 00

Purchases: 8/23 $ 35 000 8/29 300 shares 9/3 2 900 shares 9/4 1 300 shares 9/10 $1 610 000

7.58% $ 2.18 1.83 2.13 9.76

1 6 0 3 207 81

Transactions under Comptroller's Authority Sales: 8/30 $ 8/30 9/3 9/3 9/4 9/9 9/11 330 000 General Motors Acceptance demand notes $ 330 500 000 U.S. Treasury bills due 3/20/86 474 662 000 General Motors Acceptance demand notes 662 145 000 Quaker Oats demand n o t e s . . 145 8 000 Chevron demand notes 8 2 000 000 U.S. Treasury bills due 9/19/85 1 989 400 000 General Motors Acceptance demand notes 400

000 00 $ 052 08 000 00 000 00 000 00 497 48 000 00

330 000 00 479 771 95 662 000 00 145 000 00 8 000 00 1 995 922 22 400 000 00