Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 379]

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368

BOARD OF T R U S T E E S

[July 16

Yield {Percent) 5.88 5.88 5.63 5.63 5.38 5.38 5.95 5.95 6.21 6.00 6.70 4.75 4.16 5.55 5.60 $

Changes in Current Fund Investments Date Sales i 5/6/75 Security $ Amount 700 000 00 1 0 0 0 000 00 300 000 00 300 000 00 400 000 00 1 0 0 0 000 00 1 0 0 0 000 00 1 000 000 00 9 410 32 1 0 0 0 000 00 10 243 75 24 578 74 155 608 00 1 0 0 1 5 7 2 45 1 0 0 0 000 00

777 607 80 GNMA Pool 5463, 8J4 percent due 2/15/05 held total of 11 days 5/15/75 1 000 000 GNMA Pool 5630, Wz percent due 3/15/05 held total of 30 days Repurchase Agreements: 5/8/75 $ 300 000 GNMA Pool 5800, 8J4 percent due 12/15/04for7days 5/15/75 300 000 G N M A Pool 5237, 8^2 percent due 4/15/05 until notice 5/21/75 496 308 62 GNMA Pool 3960, 814 percent due 8/15/04 for 8 days 5/21/75 1 012 533 44 GNMA Pool 4343, 9 percent due 2/15/05 for 7 days Purchases: 5/6/75 $1 000 000 Continental Illinois National Bank time deposit due 7/1/75 5/6/75 1 000 000 Continental Illinois National Bank time deposit due 7/9/75 5/7/75 10 000 U.S. Treasury bills due 5/4/76 5/8/75 1 000 000 Harris Trust & Savings Bank 6 percent C/Ddue7/7/75 5/16/75 10 000 U.S. Treasury 8 percent notes due 2/15/77 5/16/75 25 000 U.S. Treasury bills due 9/23/75 5/19/75 160 000 U.S. Treasury bills due 11/8/75 5/23/75 1 000 000 Chemical Bank 6.30 percent C / D due 8/6/75 5/30/75 1 000 000 Busey FNB 5.60 percent C / D due 8/12/75

This report was received for record.

Appointment of Chancellor, Chicago Circle

(37) I recommend the appointment of Donald H. Riddle, presently President of John Jay College in the City University of New York (CUNY) system, as Chancellor of the University of Illinois at Chicago Circle, effective no sooner than January 1, 1976, on a twelve months' service basis at an annual salary equivalent to that of the other chancellors, the precise amount to be determined when final salary allocations are made within the 1975-76 budget. This recommendation is made with the advice of a Search Advisory Committee 1 elected by the Chicago Circle Senate.

In presenting this recommendation, President Corbally reviewed the background and the work of the search advisory committee, expressing appreciation to the committee and, in particular, to its chairman, Profes1 Werner H. Baur, Professor of Geological Sciences and Head of the Department; Eloise J. H. Cornelius, Associate Professor of Social Work; Maurice J. Eash, Professor of Education and of Urban Education Research; Leonard D. Eron, Professor of Psychology and Chairman of the Department; Elizabeth R. Gebhard, Associate Professor of Classics; Eldon L. Johnson, Vice President for Governmental Relations and Public Service; Judith M. Larson, graduate student; Jay A. Levine, Professor of English and Head of the Department; Patricia A. Nelson, Associate Director of the Chicago Circle Center; Franciso J. Prieto, undergraduate student; Jan Rocek, Professor of Chemistry and Dean of the Graduate College; William Rostoker, Professor of Metallurgy in Materials Engineering; Stanley K. Shapiro, Professor of Biological Sciences and Head of the Department; William W. Tongue, Professor of Finance and Head of the Department; Henry Walli, Manager of Audiovisual Services, Office of Instructional Resources Development; Walter E. Washington, Athletics Business Manager; Richard R. Whitaker, Professor of Architecture and Head of the Department.