I MINUTES OF THE EXECUTIVE SESSION j of - Michigan State ...

8620
Investment
Items, cont.
Changes Within i
Investment \
Portfolio, conti
Changes Within
Bond Portfolio
approved
D.
OTHER ITEMS FOR ACTION, continued
Investment Items , cont.
a. Changes Within the Investment Portfolio, cont.
Account No. 72330 - MSU Ivan and Jean Ferris Wright Fund
SELL:
110 shs. Consumers Power
BUY:
30 shs. Minnesota Mining & Manufacturing
Account No. 72356 - MSU Income Fund
SELL:
1,995 shs. Scott Paper
2,918 shs. Consumer Power
72,000 Commercial Paper
BUY:
100,000 Long Term bonds
900 shs. Minnesota Mining & Manufacturing
Account No. 72331 - MSU Albert Case Fund
SELL:
250 shs. Texas Instruments
435 shs. Consumers Power
1,400 shs. Scott Paper
65,000 Commercial Paper
BUY:
550 shs. Minnesota Mining & Manufacturing
900 shs. Weyerhaeuser Co.
50,000 Medium Term Notes
Account No. 72358 - MSU Growth Fund
SELL:
270 shs. Texas Instruments
1,960 shs. Scott Paper
BUY:
500 shs. Minnesota Mining & Manufacturing
750 Weyerhaeuser Co.
September 26, 1975
Approx.
Rate Price Principal Income
2.00 16 $ 1,776 $ 220
1.35 54 1,620 41
.68
2.00
6.000
8.500
1.35
1.00
2.00
.68
6.000
1..35
.80
8.000
1.00
.68
1.35
.80
RESOLVED that the above investment report be approved.
[Unanimously approved. Motion by Trustee Carrigan, seconded by Trustee Huff.
!
I b* Changes Within the Bond Portfolio
15
16
100
100
54
102
16
15
100
56
37
100
102
15
58
38
$
$
29,925
47,128
72,000
149,053
$ 1,357
5,836
4,320
$11,513
$ 100,000 $ 8,500
_ 48,600 1,215
$ 148,600 $9,715
$
$
$
$
$
$
25,500 $
7,025
21,000
65,000
118,525 $
31,037 $
33,536
50,000
114,573 $
I Scudder, Stevens & Clark have completed the following investment changes
i within the bond portfolio of the University.
! MSU Retirement Fund - Account #72304
Recommend selling:
$670,000 Federal Home Loan Bank,
2-26-79 maturity
$650,000
Recommend purchasing:
U.S. Treasury, due 5-15-82
Commercial Paper
MSU Insurance Fund - Account #72310
Recommend selling:
$20,000 Federal Home Loan Bank,
due 2-26-79
Recommend purchasing:
$ 20,000 Commercial Paper - until funds
required for liquidation
8.650
8.500
6.000
8.650
26
101^
100 64
101-ff
250
870
952
3,900
5,972
742
720
4,000
5,462
27,540 $ 270
29,400 1,333
56,940 $ 1,603
$ 29,000 $ 675
28^500 600
$ 57,500 $ 1,275
$
$
$
682,144
652,742
30,000
682,742
20,363
$57,955
$52,000
1,800
$53,800
$ 1,730
6.00 100 $ 20,000 $ 1,200
—continued—