Office of the President
June 10, 1997




Members, Board of Trustees:


                        DESIGNATION OF DEPOSITORY BANK

Recommendation: that the Board of Trustees approve Fifth Third Bank, Cynthiana, Kentucky,
to serve as a depository bank for the University of Kentucky and its affiliated corporations.

Background: To comply with KRS 41.070 and KRS 164A.560 the Board of Trustees must
designate depository banks serving the University of Kentucky and its affiliated corporations.
Competitive bids for required services were solicited from banks to serve the Maysville
Community College's Cynthiana location. Fifth Third Bank was selected on the basis of lowest
cost to the University. This Bank has not previously been approved as a depository by the Board
of Trustees.




















Action taken:      Approved        1 Disapproved       1 Other