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