Caption: Board of Trustees Minutes - 1978
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1976] UNIVERSITY OF ILLINOIS 43 REGULAR MEETING RECESSED FOR MEETING OF FINANCE COMMITTEE At diis point, die Board recessed to permit the Finance Committee to convene to deal with recommendations regarding the investment report and buy-sell lists. OPEN MEETING RECONVENED When the Board reconvened, on motion of Mr. Howard, the investment report (see below) was approved. In addition, on recommendation of Mr. Livingston, the Board approved die action of die Finance Committee to approve suggested changes in range limits of thirteen stocks on the buysell list. Investment Report May and June 1976 (47) The Comptroller presented the investment report for the months of May and June 1976. Changes in Endowment Fool Investments (Under Finance Committee Guidelines) Face Value or Number Yield Date of Shares Security (Percent) Amount 6/14 6/14 6/14 $ 152 000 24 000 7 000 Associates demand notes 6.05 Household Finance demand notes 6.05 International Harvester demand notes 6.05 Changes in Other Investments (Under Comptroller's Authority) Date Sale: 6/23 $ Face Value or Number of Shares 124 000 Security Yield (Percent) $ Amount 123 922 50 $ 152 000 00 24 000 00 7 000 00 Federal Land Banks 5% percent bonds due 7/20/76 Repurchase Agreements: 6/3 $2 000 000 U.S. Treasury TA percent notes due 11/15/81 for 6 days with Continental Bank 6/9 2 100 000 U.S. Treasury bills due 12/2/76 for 1 day with A. G. Becker & Company 6/10 2 000 000 Federal National Mortgage Association 8'/z percent notes due 10/10/79 for 13 days with A. G. Becker & Company 6/15 1 400 000 U.S.Treasury 6 percent notes due 11/15/78 for 14 days with The First Boston Corporation 6/23 3 000 000 U.S. Treasury 6'/4 percent notes due 10/31/76 for 15 days with The First National Bank of Chicago 6/25 1 000 000 U.S. Treasury 8% percent notes due 9/30/77 for 25 days with Bank of Illinois in Champaign. . 5.13 5.50 $2 000 000 00 2 020 000 00 5.50 5.45 2 020 000 00 1 300 000 00 5.05 5.38 3 000 000 00 1 000 000 00
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