Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 470]

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BOARD OF TRUSTEES

[February 20 $ 26 450 SO 589 122 625 34 375 38 577 00 12 00 00 82

100 shares International Business Machines common stock 1 300 shares Otis Elevator common stock 1 500 shares Sears Roebuck common stock 1 000 shares Southwestern Life common stock 800 shares Standard Brands common stock

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: Restricted Funds Current Group Sale: Per Cent J500 000 Government National Mortgage Association 6}4 percentmortgage-backedsecuritiesdue 11/1/2003 $ 450 000 00 Repurchase Agreements: $ 500 000 Federal Home Loan Banks 5.55 per cent notes due 11/27/73 for 4 days 9.25 500 513 89 2 000 000 Federal Intermediate Credit Banks 7H per cent debentures due 4/1/74 for 4 days 9.25 2 002 055 55 1 000 000 U.S. Treasury 5% per cent notes due 12/31/74 for 2 days 9.38 1 000 520 83 2 000 000 U.S. Treasury 5% per cent notes due 12/31/74 for 4 days 9.38 2 002 083 33 1 300 000 U.S. Treasury 6J£ per cent notes due 2/15/78 for 4 days 9.38 1 301 354 16 3 000 000 Federal National Mortgage Association 7.85 per centdebenturesdue6/ll/79for4<teys 9.38 3 003 125 00 2 000 000 Federal National Mortgage Association 7.85 per centdebenturesdue6/ll/79for6days 9,38 2 003 125 00 1 500 000 Federal National Mortgage Association 7,35 per centdebenturesduel2/10/82for3days 9.38 1 501 171 88 PurchtisGS * $1 000 000 First Chicago 9% per cent note due 10/9/73.... 9.75 1 000 000 00 750 000 Lone Star Gas note due 10/24/73 9.65 748 395 83 500 000 New England Telephone note due 11/12/73 9.69 496 390 62 1 000 000 NCNB note due 11/13/73 9.70 992 513 89 1 000 000 Goodyear note due 11/19/73 9.03 997 000 00 5O0 000 LiggettA Myers note due 11/26/73 9.60 494 722 22 1 000 000 Detroit Edison note due 11/27/73 9.66 996 524 31 1 000 000 Marine Midland Banks note due 12/3/73 9.75 987 434 03 500 000 Liggett& Myers note due 12/10/73 9.64 492 875 00 1 000 000 Standard Brands note due 12/11/73 9.68 994 118 06 1 000 000 Woolworth note due 12/17/73 9.66 983 902 78 500 000 Lone Star Gas note due 12/18/73 9.82 496 343 75 1 000 000 Abbott Laboratories note due 12/21/73 9.22 989 354 17 500 000 Amoco Credit note due 12/21/73 9.65 498 796 87 1 000 000 Consolidated Foods note due 12/24/73 9.57 992 875 00 350 000 Lone Star Gas note due 12/24/73 9.24 345 830 38 500 000 American Brands note due 12/26/73 9.68 496 925 35 500 000 Weyerhaeuser Mortgage notedue 12/26/73 9.81 496 885 42 500 000 NCNB note due 1/2/74 9.71 495 588 54 500 000 Public Service Electric & Gas note due 1/7/74.. 9.84 495 260 42 1 000 000 Jewel Companies notedue 1/8/74 9.73 989 572 92 500 000 Liggett* Myers notedue 1/14/74 9.86 494 447 92 500 000 AbbottLaboratoriesnoteduel/15/74 9.55 497 493 06 600 000 Commonwealth Edison notedue 1/21/74 10.00 592 593 75 1 000 000 Consolidated Foods note due 1/21/74 9.95 992 319 44 500 000 Gulf Oil Financial notedue 1/22/74 9,91 494 283 33 500 000 NCNB note due 1/22/74 9.99 494 239 58