Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 254]

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1977]

UNIVERSITY OF ILLINOIS

243

Date 2/2 2/15 2/15 2/15 2/15 2/15 2/17 2/18 2/18 2/22 2/22 2/23 2/23 2/25 2/25 2/28 2/28 2/28 2/28 2/28 2/28

Face Value Cost or or Number Yield of Shares Security (Percent) Amount $2 000 000 00 U.S. Treasury bills due 4/5/77 4.60%$1 984 546 67 2 000 000 00 Harris Trust & Savings Bank 5& percent certificate of deposit due 5/18/77 dated 11/19/76 4.80 2 00196110 630 000 00 U.S. Treasury bills due 3 / 2 4 / 7 7 . . . . 4.22 627 280 50 1 030 000 00 U.S. Treasury bills due 6 / 2 3 / 7 7 . . . . 4.76 1 012 860 80 725 000 00 U.S. Treasury bills due 9 / 2 0 / 7 7 . . . . 4.93 704 073 34 20 000 00 U.S. Treasury bills due 2/7/78 5.25 19 010 29 230 000 00 U.S. Treasury bills due 8/18/77 4.98 224 346 60 40 000 00 South Shore National Bank 6 percent certificate of deposit due 2/20/78 6.00 40 000 00 245 000 00 U.S. Treasury bills due 3 / 2 4 / 7 7 . . . . 4.32 24400503 85 000 00 U.S. Treasury bills due 9/20/77 4.71 82 684 58 60 000 00 U.S. Treasury 8% percent notes due 8/15/78 5.78 62 565 00 2 000 000 00 American Fletcher Bank 5 percent certificate of deposit due 6/28/77 dated 12/30/76 5.00 1 9 9 9 739 29 305 000 00 U.S. Treasury bills due 9/20/77 4.94 296 500 67 2 000 000 00 Federal National Mortgage notes due 5/10/77 4.75 1 980 677 78 145 000 00 U.S. Treasury 8 percent notes due 8/28/78 5.53 148 489 06 2 000 000 00 Continental Bank 4 3 4 percent time deposit due 8/22/77 4.75 2 000 000 00 405 000 00 U.S. Treasury bills due 3/24/77 4.17 403 876 90 130 000 00 U.S. Treasury bills due 9/20/77 . . . . 5.00 126 415 33 2 000 000 00 U.S. Treasury bills due 1/10/78. . . . 5.38 1 909 764 44 110 000 00 U.S. Treasury 8 percent notes due 2/28/78 5.37 112 818 75 30 000 00 U.S. Treasury 6% percent notes due 8/31/78 5.76 30 3 7 1 8 8

On motion of Mr. Livingston, this report was approved as presented.

SECRETARY'S REPORT

The Secretary presented for record appointments to the faculty and changes of status made by the President, resignations, leaves of absence, and retirements. A copy of the report is filed with the Secretary.

ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD

President Howard called attention to the schedule of regular meetings for the next three months: April 20, Urbana; May 18, Rockford School of Medicine; June 15, Urbana (Agronomy Day). He also announced that an executive session had been requested and would be convened after the meeting to consider reports on pending litigation.

RECESS AND EXECUTIVE SESSION

Following a short recess, the Board reconvened in executive session and considered the following items of business: