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SMITHSONIAN INSTITUTION REPORT OF THE EXECUTIVE COMMITTEE Mr. Fleming stated that there were copies of the report before each Regent. REPORT OF CHAIRMAN OF THE EXECUTIVE COMMITTEE, MAY 13, 1964 The Executive Committee has held no formal meetings since the annual meeting of the Board on January 23, 1964. The Committee has continued its work in connection with the investments of the Institution. The transactions that have taken place since January 1, 1964, through April 30, 1964, are as follows: FREER FUNDS SALES $435,000 U.S. Treasury Bonds 3% (2-15-64) (Maturing) 3000 shares Granite City Steel 7040 shares Lone Star Gas $15,000 U.S. Treasury Notes 3-3/4% (8-15-64) PURCHASES $435,000 U.S. Treasury Notes 3-7/8% (8-13-65) 3000 shares Union Pacific R.R. Co. 1900 shares International Harvester 17/100 shares Great Atlantic & Pacific Tea Co. 75/100 shares Transamerica Corp. 129 shares and 5 RIGHTS Amer. Tel. & Tel. Co. The proceeds from the above sales resulted in a net gain on sale of securities of $16,652.10. CONSOLIDATED FUND SALES $62,000 U.S. Treasury Bonds 3% (2-15-64) (Maturing) PURCHASES 50/100 shares First National City Bank of New York $62,000 U.S. Treasury Notes 3-7/8% (8-13-65) 70 shares and 12 RIGHTS Amer. Tel. & Tel. Co. The proceeds from the above sales resulted in a net loss on sale of securities of $38.76.