Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 253]

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242

BOARD OF TRUSTEES

[March 23

Investment Report

February 1977 (31) T h e Comptroller presented the investment report for February 1977. Changes in Endowment Pool Investments (Under Finance Committee Guidelines) Date Sales: 2/2 2/2 2/2 Face Value or Number of Shares Security Cost or Yield (Percent) Amount J l 27 725 98 146 128 87 84 034 69 S 55 000 00 250 000 00 108 000 00 22 112 62 119 900 800 000 000 00 00 00 00

3 651 shares Houston Lighting & Power common stock % 80 152 72 2 930 shares Peoples Gas common stock 104 387 50 1 500 shares Standard Oil of Indiana common stock 29 360 46

Purchases: 1/17 I 55 000 00 Associates demand notes 4.73% 2/2 250 000 00 General Motors acceptance 7.35 percent debentures due 1 /15/87 7.35 2/2 108 000 00 Household Finance demand notes. . 5.00 2/2 800 shares American Home Products common stock 3.49 2/2 1 500 shares Coca-Cola common stock 3.52 2/2 800 shares Eastman Kodak common stock 2.71 2/2 2 000 shares Merck common stock 2.52 2/2 800 shares Minnesota Mining & Manufacturing common stock 2.76 2/15 2/24 S 387 000 00 Commercial Credit demand notes. . 20 000 00 Hertz demand notes Changes in Other Investments (Under Comptroller's Authority) Face Value or Number of Shares $ 2 Cost or Yield (Percent) 4.86 5.12

42 000 00 387 000 00 20 000 00

Date Sales: 1/12 2/2 2/15 2/15 2/15 2/23

Security

Amount 000 00 937 78 000 00 000 00 000 00 013 89

2

Repurchase 2/3 $2

2 000 00 Ford Motor Credit demand notes $ 2 000 00 $ 2 000 000 00 U.S. Treasury bills due 3/31/77 1 9 8 1 6 6 8 89 1985 1 000 00 Associates demand notes. . 1 000 00 1 21 000 00 Ford Motor Credit demand notes 21 000 00 21 4 000 00 Hertz demand notes 4 000 00 4 000 000 00 U.S. Treasury bills due 6/28/77 1 9 0 8 666 67 1967 Agreement: 000 000 00 U.S. Treasury 7% percent notes due 2/15/81 for 12 days with Blyth Eastman Dillon 4 . 6 5 % J 2 000 000 000 000 000 344 00 00 00 00 71 Ford Motor Credit demand notes. . Ford Motor Credit demand notes. . Hertz demand notes Associates demand notes First National Bank of Chicago 5 percent open-end time deposit 4.73%* 4.73 4.86 4.73 5.00 8 15 4 1

000 00 000 000 000 000 00 00 00 00

Purchases: 1/3 S 8 1/10 15 1/10 4 1/14 1 1/28 513

513 344 71