Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 382]

EXTRACTED TEXT FROM PAGE:

372

BOARD OF TRUSTEES

[September 12

DMP 1951 Bonds (Medical Center) Purchases: $50 000 U.S. Treasury bills due 5/10/73 5.05 5 50 000 U.S. Treasury bills due 6/28/73 5.49 Krannert Contributions Sale: $34 000 Commercial Credit demand notes $ Purchases • $ 42 000 CIT Financial demand notes 6.85 $ 21 000 CIT Financial demand notes 7.66 23 000 Household Finance demand notes 6.98 1 550 000 Avco Financial Services 7f| percent notesdue 6/30/76 7.63 1 Assembly Hall Sinking Funds Purchase: Per Cent $30 000 U.S.Treasury7J^percentnotesdue8/15/76 6.62 $ Bend and Interest (Chicago Circle) Purchases: $65 000 U.S. Treasury bills due 3/12/74 6.47 $ 10 000 U.S. Treasury bills due 5/7/74 6.82 1964 Bonds (Medical Center)

P Urch394J9 *

49 708 66 49 614 11 34 000 00 42 000 00 21 000 00 23 000 00 550 000 00

30 753 00 61 474 00 9 401 56

$85 000 U.S. Treasury bills due 5/7/74 7.14 5 79 675 93 10 000 U.S. Treasury bills due 5/7/74 6.99 9 416 90 60 000 U.S. Treasury bills due 5/24/73 3.24 59 893 96 Housing Revenue Bends Purchase: $48 000 U.S.Treasury5^percentnotesdue8/15/74 6.63 $ 47 340 00 Men's Residence Halls 1957 Purchase: $60 000 U.S. Treasury bills due 9/27/73 6,30 ? 58 615 33 Revenue Bonds 1956 Pu rchases \ $14 000 U.S. Treasury 5% per cent notes due 8/15/74 6.44 $ 13 844 38 5 000 U.S. Treasury 1% per cent notes due 8/15/74 6.59 4 934 38 Student Services Building Purchaser $20 000 U.S,Treasury5^percentnotesdue2/15/75 6.62 $ 19 692 50 This report was received for record. PRESIDENT'S REPORT ON ACTIONS OF THE SENATES Conversion of Master of Fine Arts in Design, Master of Fine Arts in Fainting and Print malting, and Master of Fine Arts in Sculpture to the Master of Fine Arts in Art and Design, Urbana (39) The Urbana-Champaign Senate has approved a recommendation from the College of Fine and Applied Arts that the three graduate studio programs offered by the Department of Art and Design: the Master of Fine Arts in Design, the Master of Fine Arts in Painting and Printmafcing, and the Master of Fine Arts in Sculpture, be converted into one program, the Master of Fine Arts in Art and Design. Under the proposal, specific course requirements for each of the present M.F.A. degrees are replaced by a single basic pattern of requirements. Although as much specialization is possible under the new degree as was formerly possible, the new requirements encourage flexibility and new combinations of studies.