Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 545]

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534

BOARD OF TRUSTEES

[February 18

December 1975 and January 1976 (see below). (Also included were a report of the endowment pool, containing a statistical report; a report of assets; a listing of the ten largest common stockholdings; and the approved buy-sell list of common stocks, copies of which were filed widi the Secretary of the Board for record.) On motion of Mr. Livingston, die Committee endorsed the reports as submitted and recommended similar action to the Board of Trustees. When die regular meeting reconvened, on motion of Mr. Livingston, the Board endorsed the recommendations of die Finance Committee.

Investment Reports

(20) The Comptroller presented the investment reports for the months of December 1975 and January 1976. December 1975 Changes in Endowment Pool Fund Yield Date Security (Percent) Sales: 12/2 $ 122 000 00 Hertz Corp., demand notes $ 12/5 165 000 00 City Products, demand notes Purchases: 12/3 5 3 000 00 Associates Corp. of North America, demand notes 6.05 $ 12/3 3 000 00 Ford Motor Corp., demand notes 6.05 12/3 28 000 00 Hertz Corp., demand notes 5.80 12/3 7 000 00 International Harvester Credit Corp., demand notes 6.05 12/3 263 000 00 City Products Corp., demand n o t e s . . . 6.05 12/3 188 000 00 Commercial Credit Co., demand notes 5.92 12/4 41 000 00 Household Finance Corp., demand notes 6.18 12/11 11 000 00 Commercial Credit Co., demand notes 6.18 12/29 250 000 00 Procter & Gamble 8*4 percent sinking funds debentures due 3/1/05 8.24 12/29 250 000 00 Illinois Bell Telephone 8 percent debentures due 12/10/04 8.28 12/29 250 000 00 Pub. Serv. Ind. 8 percent first mortgage bonds, Series T., due 2/1/04 8.59 12/30 6 000 00 Commercial Credit Co., demand notes 5.92 Changes in Other Investments Date Sales: 12/2 $ 12/2 12/4 12/5 12/8 Face Value or Number of Shares Security Yield (Percent) Amount 51 000 000 00 2 1 3 7 270 147 480 772 56 78 85 01 Face Value or Number of Shares Amount 122 000 00 165 000 00 3 000 00 3 000 00 28 000 00 7 000 00 263 000 00 188 000 00 41 000 00 11 000 00 250 300 00 240 790 00 231 107 50 6 000 00

997 385 77 G N M A Pool #6466 8 percent note due 7/15/05 200 shares 100 shares 300 shares 700 shares Binks Binks Binks Binks Manufacturing Manufacturing Manufacturing Manufacturing

12/15 $1 000 000 00 Chemical Bank 7 Vi percent certificate of deposit due 1 / 5 / 7 6 dated 9 / 1 6 / 7 5 . . 12/23 200 shares American Can common stock 12/23 100 shares American Tel. & Tel. common stock

1 000 000 00 6 092 37 5 025 00