Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 547]

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536

BOARD OF TRUSTEES

Date 1/6 1/6 1/12 1/12 1/12 1/12 1/12 1/12

Face Value or Number Yield of Shares Security (Percent) $ 28 000 00 Hertz Corp., demand notes 58 000 00 Household Finance Corp., demand notes $ 100 000 00 International Harvester Credit, demand notes 1 546 shares Dow Chemical, common stock. . . . 2 663 shares General Motors, common stock... . 2 126 shares Kimberly Clark, common stock.... 3 000 shares Standard Brands, common stock. . . $ 92 000 00 Household Finance Corp., demand notes 5.92 5.71 8.38 7.65 5.52 5.59 5.59

Amount 28 000 00 58 000 00 100 156 162 86 118 000 400 443 518 008 00 00 00 27 55

92 000 00 8 000 00 12 000 00 249 687 50 239 932 50 64 000 00 33 000 00 1 000 00

Purchases: 1/2 $ 8 000 00 Commercial Credit Co., demand notes 1/9 12 000 00 Hertz Corp., demand notes 1/12 250 000 00 Federated Dept. Stores 8% percent bonds due 9/15/95 1/12 250 000 00 Weyerhaeuser 7.65 percent bonds due 7/15/94 1/13 64 000 00 International Harvester Credit Corp., demand notes 1/19 33 000 00 Hertz Corp., demandnotes 1/21 1 000 00 Hertz Corp., demand notes Changes in Other Investments (Under Comptroller's Authority) Date Sales: 1/5 1/5 1/9 1/12 1/12 1/21 $ Face Value or Number of Shares Security

Yield (Percent)

Amount

1 share Macmillan, Inc., common stock. . . . 3 000 00 Mankato Minn. Indp. School District #77 3.50 percent bonds due 1/1/82 — called 1975 4 000 00 City Products Corp., demand n o t e s . . . 69 000 00 International Harvester Credit Corp., demand notes 29 000 00 Commercial Credit Co., demand notes 4 000 00 International Harvester Credit Corp., demand notes

$

4 13

3 000 00 4 000 00 69 000 00 29 000 00 4 000 00

Repurchase Agreements: 1/12 $2 000 000 00 Federal Home Loan Banks 8.65 percent notes due 11 /25/81 for 4 d a y s . . . . 1/19 2 500 000 00 U.S. Treasury 7i/a percent notes due 5/15/78for4 days 1/26 2 000 000 00 U.S. Treasury 6!/2 percent notes due 6/30/77 for 3 days Purchases * 1/2 S2 000 000 00 American Fletcher Bank 5% percent certificate of deposit due 3/2/76 1/2 93 000 00 Associates Corp. of North America, demand notes 1/2 26 000 00 Commercial Credit Co., demand notes 1/2 24 000 00 Household Finance Corp., demand notes 1/5 4 000 00 Associates Corp. of North America, demand notes

8.65 $2 001 000 00 7.12 6.50 5.38 5.92 5.92 5.92 5.92 2 501 263 89 2 000 000 00 $2 000 000 00 93 000 00 26 000 00 24 000 00 4 000 00