Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 643]

EXTRACTED TEXT FROM PAGE:

630

BOARD OF TRUSTEES

[May 24

Face Value Cost or or Number Yield Date of Shares Security (Percent) 4/20 % 50 000 U.S. Treasury bills due 7/25/78 $ 47 182 57 4/27 162 801 First National Bank of Chicago 5 percent open-end time deposit 162 800 90 Purchases: 4/4 SI 000 000 Harris Trust & Savings Bank 6.95 percent certificate of deposit due 6/14/78 dated 12/16/77 6.84% 4/4 255 000 U.S. Treasury bills due 6/8/78 6.22 4/5 1 000 000 Continental Bank 6.65 percent time deposit due 5/24/78 6.65 4/7 500 000 First National Bank of Chicago 5 percent open-end time deposit 5.00 4/12 1 000 000 First National Bank 7.95 percent certificate of deposit due 10/9/79 7.95 4/12 320 000 U.S. Treasury bills due 4 / 3 / 7 9 7.41 4/13 1 300 000 First National Bank of Chicago 5 percent open-end time deposit 5.00 4/18 1 000 000 Bloomington Federal Savings & Loan 7YB percent certificate of deposit due 9/18/78 7.38 4/18 40 000 U.S. Treasury bills due 6/8/78 5.03 4/19 2 500 000 Continental Bank 6.65 percent time deposit due 5/19/78 6.65 4/19 15 000 U.S. Treasury bills due 10/17/78 6.53 4/20 210 000 U.S. Treasury bills due 10/17/78 7.04 4/26 100 000 South Shore National Bank 7.05 percent certificate of deposit due 6/26/78. . 7.05 4/27 1 000 000 Chicago Tokyo Bank TA percent certificate of deposit due 9/27/78 7.80 4/28 150 000 U.S. Treasury bills due 7/20/78 6.19 4/28 200 000 U.S. Treasury bills due 4 / 3 / 7 9 7 .56 4/28 135 000 U.S. Treasury 6VS percent notes due 8/15/79 7.62 4/28 55 000 U.S. Treasury 1)4 percent notes due 12/31/79 7.70 O n m o t i o n of M r . L i v i n g s t o n , this r e p o r t w a s a p p r o v e d

$

Amount 49 133 33 162 800 90

$

999 933 96 252 168 44

1 000 000 00 500 000 00 1 000 000 00 298 165 33 1 300 000 00 1 0 0 0 000 00 39 717 17 2 500 000 00 14 523 28 202 860 00 100 000 00 1 000 306 57 147 890 42 186 664 44 133 565 63 54 415 63 as p r e s e n t e d .

Tuition and Fee Exemption for Cooperating Teachers and Administrators

(33) O n February 21, 1962, the Board of Trustees authorized exemption of tuition and the service fee for school teachers and administrators who supervise practice teachers, in recognition of the service they render to the University. T h e Illinois Office of Education has recently adopted a policy requiring a minimum of 100 hours of "clinical experiences" for students in teacher education curricula prior to their entry into student teaching. Since the new requirement will include a substantial amount of additional cooperation from teachers in the field, it is equitable that such cooperation be recognized as service eligible for a tuition and fee exemption. Moreover, on occasion teachers and administrators cooperate in research projects related to teacher education. Such cooperation can be extensive, and should also be recognized as service eligible for a tuition and fee exemption. T h e chancellors at Urbana and Chicago Circle and the deans of the Colleges oi Education at those campuses have recommended the following change in the present regulation (new material is in italics):