Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 469]

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456

BOARD OF TRUSTEES

[October 19

Face Value Cost or or Number Yield Dale of Shares Description (Percent) 9/2 $ 500 000 National Republic 5.90 percent certificate ofdepositdue 12/1/77 5.90% 9/2 115 000 U.S. Treasury bills due 9/29/77 5.00 9/2 75 000 U.S. Treasury bills due 3/7/78 6.00 9/2 200 000 U.S. Treasury bills due 8/22/78 6.33 9/2 470 000 U.S. Treasury 6% percent notes due 8/31/78 6.33 9/6 1 000 000 Champaign National 6.26 percent certificate ofdeposit due 10/28/77 6.26 9/6 100 000 Sangamon Bank 6.175 percent certificate ofdeposit due 11/7/77 6.18 9/9 2 000 000 First National Bank of Chicago 6 percent certificateofdepositduell/18/77 6.00 9/9 400 000 McLean County Bank 6& percent certificate ofdeposit due 12/8/77 6.75 9/13 500 000 Continental Bank 6.05 percent time deposit due 10/28/77 6.05 9/13 2 000 000 First National Bank of Chicago 6.15 percentcertificateofdepositduel2/19/77... 6.15 9/15 1 200 000 Continental Bank 6.05 percent time deposit due 11/3/77 6.05 9/16 1 000 000 Central National Bank of Cleveland 5% percent certificate ofdeposit dated 5/16/77 due 11/15/77 6.25 9/20 1 000 000 Busey First National Bank 6.20 percent certificate ofdeposit due 1/3/78 6.20 9/20 3 835 First National Bank of Chicago 5 percent open-end time deposit 5.00 9/21 1 000 000 Continental Bank 6.45 percent time deposit due 3/20/78 6.45 9/21 1 550 000 First National Bank of Chicago 6J4 percent certificate ofdeposit due 3/20/78 6.50 9/21 25 750 First National Bank of Chicago 5 percent open-end time deposit 5.00 9/22 660 000 U.S. Treasury bills due 3/23/78 6.15 9/30 10 000 U.S. Treasury 6% percent bonds due 8/15/84 7.10 O n m o t i o n of M r . Livingston, this report w a s approved

Amount S 500 114 72 188 000 570 746 278 00 25 25 67

47132188 1 000 000 00 100 000 00 2 000 000 00 400 000 00 500 000 00 2 000 000 00 1 200 000 00 998 972 72 1 000 000 00 3 834 77 1 000 000 00 1 5 5 0 000 00 25 750 00 640 090 20 9 596 25 as presented.

COMMUNICATION

T h e following resolution from t h e M e d i c a l C e n t e r Senate w a s presented t o the board for information. The most serious deficiency at the University of Illinois is the decline in real academic compensation. This is in view of the decline of the University of Illinois to ninth out of ten in the Big Ten, and its decline in relation to business and most government, with the effects of this on attrition and morale. The continuing decline in real terms of academic expenditure per academic employee and in real expenditure per student since 1971 at the University of Illinois seriously