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[67] > Image [67] of Minutes of the University of Kentucky Board of Trustees, 1970-13-dec8.

Part of Minutes of the University of Kentucky Board of Trustees

Finance Committee Report December 8, 1970 FC Members, Board of Trustees: LEXINGTON BANKS DESIGNATED AS DEPOSITORIES Recommendation: that the Board of Trustees authorize the following Lexington banks to continue as depositories for the University of Kentucky and affiliated corporation funds for the period January 1, 1971 through June 30, 1971 or until Finance Cornaittee is received and University of Kentucky Funds University of Kentucky Research Foundation The Fund for Advancement of Education and Research in the University of Kentucky Medical Center University of Kentucky Athletic Association a recommendation fromn the, acted upon. First Security National Bank and Trust Company Bank of Commerce Second National Bank and Trust Company Central Bank and Trust Company and further recommends that Citizens Union National Bank~and Trust Company, Lexington, Kentucky be designated as the depository for the Tobacco Research Board impress cash fund, Background: This action recomrnmends that the present depository accounts of the University and its affiliated corporations be continued through June 30, 1971, The Finance Committee is making an analysis of the depository requirements of the University and will make a recommendation within the next six months. The University has received an impress cash advance for the fiscal operation of the Tobacco Research Board. Authorization is necessary to establish a bank as a depository. Action: Approved X Disapproved Othe r Date: December 8 1970 - - - . 0- - -W.