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Caption: Board of Trustees Minutes - 1970
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22 BOARD OF TRUSTEES [July 24 The maxima are the same as those which were in effect for the audits of the year ended June 30, 1967. The Auditor General concurs in these recommendations. O n motion of Mr. Hughes, these recommendations were approved. INVESTMENT REPORT For the Month of May, 1968 Report of the Finance Committee (41) The Finance Committee reported the following changes in investments of endowment funds: Miller Sales: $44 000 Commercial Credit demand notes $ 4400000 25 000 Ford Motor Credit demand notes 25 000 00 25 000 General Motors Acceptance demand notes 25 000 00 20 000 International Harvester demand notes 20 000 00 43 000 Sears Roebuck demand notes 43 000 00 20 000 Transamerica Financial demand notes 20 000 00 1,000 shares Chrysler Corporation common stock 64 888 28 800 shares Gulf Oil Company common stock 57 436 46 1,000 shares Household Finance Corporation common stock 35 827 97 1,071 shares Standard Oil Company of California common stock 64 921 10 600 shares Union Carbide common stock 26 282 68 Purcn3.se s" $41 000 Commercial Credit demand notes $ 41 000 00 91 000 Ford Motor demand notes 91 000 00 25 000 General Motors Acceptance Corp. demand notes 25 000 00 25 000 International Harvester demand notes 25 000 00 43 000 Sears Roebuck demand notes 43 000 00 25 000 Transamerica Financial demand notes 25 000 00 500 shares First National City Bank of New York common stock 32 750 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 Ford Foundation Nonwestern Programs Purchase: $100 000 U.S. Treasury 6 per cent notes due 8/15/69 $ 100 000 00 Restricted (Chicago Circle) Ptircjisscs * $ 69 000 General Motors Acceptance notes due 10/2/68 69 000 00 250 000 First National Bank of Chicago Certificate of Deposit due 12/31/68 250 000 00 Restricted Group Purchases: $ 500 000 Continental Illinois National Bank Certificate of Deposit due 8/16/68 500 000 00 250 000 Hallmark Cards notes due 8/16/68 246 041 67 1 000 000 Beneficial Finance notes due 9/3/68 980 666 67 1 000 000 Commercial Credit notes due 9/3/68 981 770 83 500 000 Federal National Mortgage Association notes due 12/16/68 482 147 92 1 000 000 Northern Trust Certificate of Deposit due 2/17/69.... 1 000 000 00 1 500 000 First National Bank of Chicago Certificate of Deposit due 3/4/69 1 500 000 00
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