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[101]

Part of Minutes of the University of Kentucky Board of Trustees

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LEXINGTON BANKS DESIGNATED AS DEPOSITORIES Recommendation: that the Board of Trustees authorize the following Lexington Banks to act as depositories for University of Kentucky funds and affiliated corporation funds for the period April 1, 1971, through June 30, 1976. Funds A. University of Kentucky Funds B. University of Kentucky Research Foundation C. Imprest Cash Fund D. The Fund for Advancement of Education and Research in the University of Kentucky Medical Center E. University of Kentucky Athletic Association F. Tobacco Fund Bank 1971-72 1972-73 1973-74 1974-75 1975-76 First Security National Bank and Trust Company A A A A A Citizens Union National Bank and Trust Company B C E E B Central Bank and Trust Company C B C D D Bank of Commerce and Trust Company D D B C E Second National Bank and Trust Company E F D B C Bank of Lexington F E F F F Background: The Finance Committee has made a study of the banking requirements of the University and its affiliated corporations and recommends the rotation of bank accounts for a five year period.