Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 504]

EXTRACTED TEXT FROM PAGE:

1986]

Date 1/7 1/8

UNIVERSITY OF ILLINOIS

493

50 00 00 00 00 00 00 67 00 00 00 50 00 00 00 00 00 11

Number Description Cost/Yield Amount $4 200 000 U.S. Treasury bills due 6 / 5 / 8 6 7.26% $4 077 447 69 000 General Motors Acceptance demand notes 7.90 69 000 1/8 160 000 U.S. Treasury 12W percent notes due 9/30/86 6.81 165 120 1/9 959 000 Chevron demand notes 7.78 959 000 1/9 131 000 Ford Motor Credit demand notes 7.66 131 000 1/9 1 295 000 General Motors Acceptance demand notes 7.80 1 295 000 1/9 50 000 Quaker Oats demand notes 7.39 50 000 1/9 2 000 000 U.S. Treasury bills due 6/5/86 7.47 1 940 791 1/9 250 000 U.S. Treasury 7% percent notes due 5/15/86 7.26 250 750 1/10 1 013 000 Chevron demand notes 7.78 1 013 000 1/10 2 500 000 Westinghouse 7.40 percent promissory notes due 1/13/86 7.40 2 500 000 1/10 2 000 000 U.S. Treasury bills due 7/10/86 7.52 1 927 147 1/13 1 987 000 Ford Motor Credit demand notes 7.66 1 987 000 1/14 1 000 000 Chevron demand notes 7.78 1 000 000 1/14 39 000 Ford Motor Credit demand notes 7.66 39 000 1/15 155 000 Federated Trust for U.S. Treasury Obligations 7.21 155 000 1/15 10 000 Chevron demand notes 7.91 10 000 1/15 2 000 000 U.S. Treasury bills due 6/19/86 7.42 1 938 086 O n m o t i o n of M i s s S m i t h , this r e p o r t w a s a p p r o v e d as p r e s e n t e d .

Quarterly Report of the Comptroller

(26) The comptroller presented his quarterly report as of December 31, 1985. A copy has been filed with the secretary of the board. T h i s r e p o r t w a s r e c e i v e d for r e c o r d .

Annual Report of the Treasurer

(27) In accordance with the Bylaws of the Board of Trustees, the treasurer of the University has submitted a report of receipts and disbursements of University funds in his custody for the period January 1, 1985, to December 31, 1985, certified by the comptroller. A copy of this report was sent to each member of the Board of Trustees prior to the meeting, and a copy is filed with the secretary of the board. T h i s r e p o r t w a s r e c e i v e d for r e c o r d .

Recommendation of the University Patent Committee

(28) T h e University Patent Committee has recommended that the action described below be taken with regard to an invention made at the University of Illinois. Background information concerning this invention has been sent to the Committee on Patents of the Board of Trustees. A Fixed Geometry Capacitive Acoustic Transducer — P. H. Sahm, graduate teaching assistant, Department of Electrical and Computer Engineering, Urbana, inventor. University Patents, Inc., has elected not to subject this invention to servicing agreement with the University because it finds that the invention insufficient commercial appeal to support patent protection. The market for invention at its present level of development is quite limited. The inventor, its has the his