Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 479]

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470

BOARD OF TRUSTEES

[January 19

Date Number Description Cost/Yield Amount 11/28 $1 600 000 Ford Motor Credit 9 percent note due 11/29/83 9.00% $1 600 000 00 11/29 1 600 000 General Motors Acceptance Corporation demand notes 9.53 1 600 000 00 12/1 455 000 Bankers Trust 9 percent note due 12/2/83 9.00 455 000 00 12/1 2 000 000 First National Bank of Chicago 9.35 percent certificate of deposit due 4/2/84 9.35 2 000 000 00 12/1 2 600 000 Continental Bank 9.55 percent time deposit due 3 / 1 / 8 4 9.55 2 600 000 00 12/2 455 000 General Motors Acceptance Corporation demand notes 9.59 455 000 00 12/9 1 500 000 First National Bank of Chicago 9.55 percent certificate of deposit due 2/3/84 9.55 1 500 000 00 12/9 2 000 000 First National Bank of Chicago 9.55 percent certificate of deposit due 2/21/84 9.55 2 000 000 00 12/9 1 000 000 U.S. Treasury bills due 2 / 2 / 8 4 8.93 986 540 27 12/9 700 000 U.S. Treasury bills due 3 / 1 / 8 4 9.08 685 636 39 12/13 500 000 State Bank of Lincoln 9.626 percent certificate of deposit due 2 / 2 9 / 8 4 9.63 500 000 00 12/13 1 000 000 U.S. Treasury bills due 2 / 9 / 8 4 9.03 985 661 11 12/14 1 500 000 U.S. Treasury bills due 2 / 1 6 / 8 4 9.15 1 475 977 08 12/15 342 000 General Motors Acceptance Corporation demand notes 9.96 342 000 00 12/16 1 500 000 First National Bank of Chicago 9.80 percent certificate of deposit due 3/2/84 9.80 1 500 000 00 12/16 235 000 General Motors Acceptance Corporation demand notes 10.06 235 000 00 12/21 6 000 Texas Commerce Bancshares demand notes 9.92 6 000 00 12/23 4 000 000 U.S. Treasury bills due 6 / 1 4 / 8 4 9.55 3 823 486 68 12/23 600 000 General Motors Acceptance Corporation demand notes 9.87 600 000 00 12/30 3 700 000 U.S. Treasury bills due 6 / 2 1 / 8 4 . . . . 9.55 3 536 725 17 O n m o t i o n of M r . M a d d e n , this report w a s approved as presented.

Masters and Certificate of Advanced Study Degree Programs, Department of Secondary Education, Urbana (Review of Programs upon Request of the Board of Higher Education)

(35) On April 5, 1983, the Board of Higher Education advised the Board of Trustees that the Master of Arts, Master of Science, Master of Education, and Certificate of Advanced Study programs, offered through the Department of Secondary Education at the Urbana-Champaign campus, are no longer "educationally and economically justified.3" A careful review, undertaken by campus and University offices, revealed several pertinent facts: Extensive internal evaluations, made as a part of the COPE process, indicate that since 1976 the quality of the programs has improved. Over the past few years, a series of courses designed to help classroom teachers

1 The act which created the Board of Higher Education provides that the Board is "authorized to review periodically all existing programs of instruction, research, and public service at the state universities and colleges and to advise the appropriate board of control if the contribution of each program is not educationally and economically justified."