Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 706]

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1976] Face Value or Number of Shares 42 000

UNIVERSITY OF ILLINOIS

695

Date 4/6

Yield Security (Percent) Amount $ Household Finance demand notes 5.52 $ 42 000 4/8 15 000 U.S. Treasury bills due 9 / 9 / 7 6 . . 4.82 14 694 5/3 1 000 000 Continental Bank 5 percent, time deposit due 7 / 6 / 7 6 5.00 1 000 000 5/6 2 000 Commercial Credit demand notes 5.52 2 000 5/6 300 000 U.S. Treasury bills due 8 / 5 / 7 6 . . 4.93 296 281 5/10 1 000 000 Springfield Marine 5Vi percent certificate of deposit due 8/10/76 5.50 1 000 000 5/10 2 100 000 First National Bank of Chicago 5.15 percent certificate of deposit due 7/20/76 5.15 2 100 000 5/20 310 000 U.S. Treasury bills due 5 / 3 / 7 7 . . 6.24 291840 5/20 515 000 U.S. Treasury bills due 9 / 2 3 / 7 6 . 5.44 505 279 5/25 20 000 U.S. Treasury bills due 5 / 3 / 7 7 . . 6.20 18 853 5/26 1 000 000 Continental Bank 5V5 percent time deposit due 7/16/76 5.50 1 000 000 5/26 2 000 000 First National Bank of Chicago 5.70 percent certificate of deposit due 7/30/76 5.70 2 000 000 5/28 1 000 000 Harris Trust and Savings Bank 5'/4 percent certificate of deposit due 8 / 5 / 7 6 5.75 1 000 000 O n m o t i o n of M r . H o w a r d , t h e B o a r d v o t e d t o ratify t h e r e p o r t presented.

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Report of Rejection of Bids, Hospital Professional and General Liability Insurance

(42) The President of the University, with the concurrence of appropriate administrative officers and pursuant to the provisions of Section 15 (e) (2) of the General Rules Concerning University Organization and Procedure, reports the rejection of bids received by the University on June 3, 1976, for hospital professional and general liability insurance. It had been intended to acquire appropriate insurance coverage for another year after the expiration of the current coverage on August 1, 1976. However, the bids received are in excess of what the University can justify economically. The administration is now developing an alternative insurance program for consideration by the Board at the July 1976 meeting. T h i s r e p o r t w a s r e c e i v e d for r e c o r d .

SECRETARY'S REPORT

T h e S e c r e t a r y p r e s e n t e d for r e c o r d a p p o i n t m e n t s t o t h e f a c u l t y a n d c h a n g e s of s t a t u s m a d e b y t h e P r e s i d e n t ; d e c l i n a t i o n s a n d r e s i g n a t i o n s ; leaves of a b s e n c e ; a n d r e t i r e m e n t s . A c o p y of t h e r e p o r t is filed w i t h t h e Secretary.

DEGREES CONFERRED

T h e S e c r e t a r y p r e s e n t e d for r e c o r d t h e following list of d e g r e e s c o n f e r r e d on candidates at the C h i c a g o Circle, M e d i c a l C e n t e r , a n d U r b a n a - C h a m paign campuses on the dates indicated.