HomeMy WebLinkAboutInternet Committee Minutes 03.27.1985M I N U T E
Investment Committee Ci1ITTxE
DATE March 27, 1985._.x., Tmm 4:30
PLACE OF MWINa City
A. Members present: Chairman, Pei Kamerzel _,
Albert Ehrlich Gary Temple
B. Other's present L. D. Collins
A quorum (3 or more) present the following action was taken by the committee:
The committee discussed the possibility of investing in Treasury Bills
instead of Certificates of Deposit as we are now doing. Gary informed the
committee that T Bills today for a 30 day is paying 7.87%, for 60 days 8.45%,
and for 90 days 8.6%. After hearing this and of course there is always a
service charge for T bills the committee decided to stay with C. D.'s.
The committee was also informed that First Citizens Corporation had
purchased First Security Bank in Laurel.
The meeting adjourned at 5:00.
Respectfully submitted,
Peg ame'rzel, Treasurer