Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 472]

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1975]

UNIVERSITY OF ILLINOIS

461

Yield Date Face Value Security (Percent) Amount 9/18 $ 500 000 00 U.S. Treasury bills due 10/2/75 $ 498 898 61 9/18 500 000 00 U.S. Treasury bills due 2/26/76 484 666 67 Repurchase Agreements: 9/3 $ 500 000 00 Federal National Mortgage Association notes due 12/17/75 for 1 day 6.38 $ 500 000 00 9/4 500 000 00 GNMA Pool 6296, 9 percent due 8/15/90for 1 day 6.38 500 000 00 9/4 500 000 00 GNMA Pool 6297, 9V2 percent due 9/15/90 for 19 days 6.38 500 000 00 Purchases: 3 9/2 SI 000 000 00 Continental Bank 6 /s percent time deposit due 10/28/75 6.38 $1 000 000 00 9/2 1 000 000 00 Springfield Marine Bank 6Yg percent certificate of deposit due 11/11/75 6.38 1 0 0 0 000 00 9/2 595 000 00 U.S. Treasury bills due 2/26/76 7.04 575 103 20 9/2 20 000 00 U.S. Treasury bills due 8/24/76 7.16 18 674 03 9/3 110 000 00 U.S. Treasury bills due 3/9/76 7.03 106 104 88 9/3 460 000 00 U.S. Treasury bills due 7/27/76 7.56 430 365 58 9/3 60 000 00 U.S. Treasury We, percent notes due 2/15/76 6.14 59 922 50 9/8 1 000 000 00 First National Bank of Dallas 7 percent certificate of deposit due 12/1/75 7.00 1 0 0 0 000 00 9/8 1 000 000 00 Morgan Guaranty 6% percent certificate of deposit due 10/29/75 dated 8/28/75 6.60 1 0 0 0 366 52 9/8 500 000 00 North Carolina National Bank 6.70 percent certificate of deposit due 11/12/75 6.70 500 000 00 9/9 4 000 00 City Products demand notes 6.85 4 000 00 9/11 215 000 00 Federal National Mortgage Association notes due 3/9/76 7.36 207 367 50 9/19 680 000 00 U.S. Treasury bills due 12/18/75 6.35 669 375 00 9/19 200 000 00 U.S. Treasury bills due 3/18/76 7.07 193 132 06 9/22 400 000 00 First National Bank of Chicago 6Ya percent certificate of deposit due 11/25/75 6.63 400 000 00 9/22 10 000 00 U.S. Treasury bills due 8/24/76 7.00 9 385 22 9/24 500 000 00 U.S. Treasury bills due 1/2/76 6.45 491 200 00 9/24 500 000 00 U.S. Treasury bills due 6/1/76 7.22 476 041 67

This report was received for record. REPORT OF THE FINANCE COMMITTEE Mr. Park Livingston, Chairman of the Committee, presented the following summary report of the Committee's meeting of November 18, 1975. I

Based upon data provided by Vice President Brady, the Chairman of the Committee presented die following summary of recent University investment activity: 1. Many of our new procedures have been in effect now for some months; some only since September. 2. T h e impact upon our endowment income (and the improved market in some areas) shows favorably — in that we earned $544,000 in FY 1974 and $825,000 in FY 1975. T h e full impact will not be seen until the end of FY 1976. 3. The projections for FY 1976 a r e :