Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 184]

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174

BOARD O F TRUSTEES

INVESTMENT REPORT

[February 21

For the Months of November and December, 1972 Report of the Finance Committee (25) The Finance Committee reported the following changes in investments of endowment funds: Beck Sale: Per Cent $2 000 CIT Financial demand notes 5.52 $ 2 000 00 Purchase: $12 000 International Harvester Credit demand notes 5.39 12 000 00 Beckwttk Sale: %\ 000 Associates demand notes 5,66 1 000 00 Kinky Purchase: $2 000 Associates demand notes 5.39 2 000 00 Pool Purchases: $ 4 000 Associates demand notes 5.66 4 000 00 5 000 Commercial Credit demand notes 5.52 5 000 00 15 000 Ford Motor Credit demand notes. 5.39 15 000 00 150 shares International Business Machines common stock 58 237 50 Rust Purchase: $13 000 International Harvester Credit demand notes 5.39 13 000 00 Report of the Comptroller The Comptroller reported the following changes in investments of current and unexpended plant funds, which he has been authorized to make: Current Funds Medical Service Plan (Medical Center) Sales: Per Cent $ 12 000 Hertz demand notes 5.52 $ 12 000 00 98 000 International Harvester Credit demand notes.. 5.39 98 000 00 29 000 Standard Oil of Indiana demand notes 5.52 29 000 00 1 000 000 Burroughs note due 7/20/73 5.71 968 680 56 Purchases: $ 29 000 Commercial Credit demand notes 5.52 29 000 00 12 000 General Motors acceptance demand notes 5.39 12 000 00 1 000 000 Borg Warner note due 7/20/73 5.71 968 680 56 Restricted (Chicago Circle) $ 500 000 Hertz demand notes I 100 000 Standard Oil of Indiana demand notes

P u r c h 3.SCS *

5.52 5.52 5.39 5.66 5.52 5.52 5,39 5.39 5.52 5.39

500 000 00 1 100 000 00 500 000 00 1 300 000 00 500 000 00 1 100 000 00 200 134 450 866 000 000 000 000 00 00 00 00

$ 500 000 Associates demand notes 1 300 000 Commercial Credit demand notes 500 000 Hertz demand notes 1 100 000 Standard Oil of Indiana demand notes Restricted (Medical Center) Sales: £200 000 Associates demand notes 134 000 General Motors Acceptance demand notes 450 000 Hertz demand notes 866 000 Household Finance demand notes