Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 533]

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520

Face Value or Number of Shares

BOARD OF TRUSTEES

(January 18

Cost or Yield (Percent)

Date

Security Purchases: 11/3 $ 2 000 Ford Motor Credit demand notes. 12/1 500 000 National Republic 644 percent certificate of deposit due 3 / 1 7 / 7 8 . . . . 20 546 First National Bank of Chicago 5 12/2 percent open-end time deposit. . . . 2 000 000 First National Bank of Chicago 6% 12/2 percent certificate of deposit due 2/28/78.; 12/5 2 000 000 First National Bank of Chicago 6.90 percent certificate of deposit due 6/19/77 12/6 600 000 First National Bank of Chicago 5 percent open-end time d e p o s i t . . . . 12/8 500 000 First National Bank of Chicago 5 percent open-end time d e p o s i t . . . . 12/8 406 713 McLean County Bank 67s percent certificate of deposit due 3 / 8 / 7 8 . . 12/14 1 000 000 First National Bank of St. Paul 7W percent certificate of deposit due 6 / 1 2 / 7 8 dated 12/12/77 12/15 150 000 U.S. Treasury bills due 3 / 1 6 / 7 8 . . 12/16 2 000 000 Continental Bank 6.70 percent time deposit due 3/20/78 12/19 400 000 First National Bank of Chicago 5 percent open-end time deposit. . . . 105 000 U.S. Treasury bills due 1 0 / 1 7 / 7 8 . 12/22 12/29 34 309 First National Bank of Chicago 5 percent open-end time deposit. . . . 12/29 2 000 000 First National Bank of Chicago 6.70 percent certificate of deposit due 4 / 1 8 / 7 8 12/30 20 000 Seaway Bank 6 percent certificate of deposit due 12/30/78 12/31 20 000 Independence Bank 6 percent certificate of deposit due 1 2 / 3 1 / 7 8 . .

Amount $ 2 000 00 500 000 00 20 545 83 2 000 000 00 2 000 000 00 600 000 00 500 000 00 406 712 62 1 000 107 14 147 725 00 2 000 000 00 400 000 00 99 348 90 34 309 08 2 000 000 00 20 000 00 20 000 00

6.72% 6.75 5.00

6.63 6.90 5.00 5.00 6.88 7.10 6.09 6.70 5.00 6.85 5.00 6.70 6.00 6.00

O n motion of Miss Winter, 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: February 15, Chicago Circle; March 15, Urbana; April 12, Medical Center. He also announced that an executive session had been requested and would be convened after the meeting to consider reports on pending litigation.