Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 270]

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260

BOARD OF TRUSTEES INVESTMENT REPORT F o r the Months of December, 1970, and January, 1971

[March 17

Report of the Finance Committee (26) T h e Finance Committee reported the following changes in investments endowment funds: Beck Fund Purchases * P€f C€fit $ 13 000 Associates demand notes 5.25 $ 13 000 4 000 Commercial Credit demand notes 5.25 4 000 Goldberg Fund Purchase: $ 2 000 Commercial Credit demand notes 5.25 2 000 Higginson Living Trust Fund Purchase: $ 2 000 U . S . Treasury 3Vz per cent bonds due 1 1 / 1 5 / 9 8 . . . 5.86 1 500 Endowment Pool of Funds $ 94 33 8 12 7 5 10 25 1 000 Associates demand notes 000 Commercial Credit demand notes 000 General Finance demand notes 000 Household Finance demand notes 000 International Harvester Credit demand notes 000 Standard Oil of Indiana demand notes 000 Union Electric of Mo. 3% per cent bonds due 5/1/71 000 Central 111. Pub. Serv. 3Vs per cent bonds due 1 0 / 1 / 7 1 . . . . 334 shares Consolidated Foods common stock 400 shares Upjohn common stock Purchases: $144 000 Associates demand notes 5.25 33 000 Commercial Credit demand notes 5.25 2 000 shares General Mills common stock 2 000 shares Pitney Bowes common stock 300 shares Royal Dutch Petroleum (20-G) common stock 300 shares X e r o x common stock

of

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00

00

9400000 33 000 00 800000 12 000 00 7 000 00 5 000 00 9 908 00 24 790 00 54 137 48 19 150 00 144 33 65 55 12 25 000 000 000 505 300 987 00 00 00 00 00 50

Report of the Comptroller T h e Comptroller reported the following changes in investments of current and unexpended plant funds, which he has been authorized to m a k e : Current Funds Medical Service Plan Fund (Medical Center) Purchase: $ 50 000 Associates demand notes

Per Cent 5.25

$

50 000 00

Restricted Group of Funds Purchases: $1 000 000 Amoco Credit note due 2/2/71 1 000 000 American Brands note due 3/2/71 1 000 000 New England Telephone note due 3 / 4 / 7 1 . . . . 1 000 000 Continental Illinois National Bank bankers acceptance due 3/29/71 1 000 000 Sears Roebuck Acceptance 5i/£ per cent note due 4/2/71 1 000 000 Caterpillar Tractor note due 4/30/71 1 000 000 Household Finance note due 5/3/71 1 000 000 General Electric Credit 5% per cent note due 5/4/71

5.80 5.86 5.69 5.18 5.50 5.07 5.08 5.13

991 215 28 987 940 97 988 125 00 989 038 19 1 0 0 0 000 00 985 277 78 984 444 44 1 0 0 0 000 00