# LCMS Convention Proceedings_St. Louis Missouri_1956_S686
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

686 FINANCIAL MATTERS

Reserves for Investment Depreciation

% ot % of

January 31, 1956 Total January 31, 1955 Total

Pension Fund $ 321,503.11 1.57 $ 247,393.11 1.41

LLL Endowment Fund 114,960.57 4.08 114,960.57 4.08

Sundry Trusts — 100,117.16 4.16 92,117.16. 3.99

Lay Retirement Fund _ 10,767.71 1.36 767.71 11
Total Toe $547,348.55 $ 455,238.55

The yield on invested capital of the Trust Funds for the year
ending January 31, 1956, is approximately the same as the previous

Your Board is fully aware of its increasing responsibilities and
is taking proper safeguards for investing, conserving, and pro-
tecting Synod’s Trust Funds. The Committee operates under con-

These services also include periodic reviews of all investments
in the portfolios of Synod’s Trust Funds. The Trust Funds are
kept fully invested, and all principal and interest payments are
current.