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http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Collection: Paul A. Volcker Papers Call Number: MC279  Box 7  Preferred Citation: Congratulatory Letters:"T-U-V", 1979; Paul A. Volcker Papers, Box 7; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://findingaids.princeton.edu/collections/MC279/c121 and https://fraser.sdouisfed.org/archival/5297  The digitization ofthis collection was made possible by the Federal Reserve Bank of St. Louis. From the collections of the Seeley G. Mudd Manuscript Library, Princeton, NJ These documents can only be used for educational and research purposes ("fair use") as per United States copyright law. By accessing this file, all users agree that their use falls within fair use as defined by the copyright law of the United States. 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Mudd Manuscript Library 65 Olden Street Princeton, NJ 08540 609-258-6345 609-258-3385 (fax) mudd@princeton.edu   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  September 18, 1979  Dear Dave: I did appreciate your note on my appointment  even if I'm late responding.  Just see how  gold is behaving: All the best. Sincerely,  Paul A. Volcker  Mr. David R. Tillinghast  PAV:mrk   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  DAVID R.TILLINGHAST  August 2, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045  Dear Paul: Since even a tax lawyer can figure out that the chances of a confirmation are relatively good, I just wanted to pass on my best wishes for your success in the new job. Anyone who can take $12 off the gold price in one day must be doing something right. Hope to see you soon. With best regards,  Sincerely,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  September 18, 1979  Dear Mr. Todd: I appreciate your warm words. much for writing.  Thanks so  I can assure you that dealing  with inflation is first on the list of priorities! Sincerely,  Paul A. Volcker  Mr. Phillips Todd  PAV:mrk  V 0-e-c-ku act--vdt.  ffY  1 000/  A r'efeJfr rr-/  -ec7J-7  Zr   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Y-ILfr"P  WLaLa_  bL4  Rdtfc-E P. A. V. ANSWERED ATTENDED TO  -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .... ••• •  ..... ...  CHAIRMAN OF THE BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM WASHINGTON, D. C. 20551  September 18, 1979  Dear Ron: I greatly appreciate your warm letter. There is no doubt that some mutual understanding is essential if either of us can do our job really effectively.  So I can only welcome your words.  With best wishes! Sincerely, "It  Paul A. Volcker  Mr. Ronald Terry Chairman of the Board First Tennessee Bank Box 84 Memphis, Tennessee 38101  p11111•1ft.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  September 17, 1979  Dear Anthony: Many thanks -- however belatedly -for your note on my appointment. I suspect the "honeymoon" is over. But we will try out best! Sincerely,  Mr. Anthony Tuke Chairman Barclays Bank Limited 54 Lombard Street London EC3P 3AH, England  PAV:ccm  RONALD TERRY   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  CHAIRMAN OF THE BOARD  FIRST TENNESSEE BANK  tsi 9 11 (7.4  August 22, 1979  - I I  1:1(7-1  Mr. Paul Volcker, Chairman Board of Governors of the Federal Reserve System Washington, D. C. 20551 Dear Paul: The enthusiasm with which I greeted your nomination as Chairman of the Fed has been greatly strengthened by your actions since taking the job. First, your intention to protect the dollar and bring monetary policy more in line with an effective response to the inflationary trend is reassuring. Secondly, your personal leadership style is going to be a valuable asset in easing the tensions which have recently built up between the Fed and the banking system. For the past four years I have been actively involved in banking industry work in Washington as a volunteer, serving first as Chairman of ABA's Government Relations Council for a couple of years and presently doing the same job in the Association of Reserve City Bankers. From this perspective, there is no doubt in my mind of the need for banking to fully support the Federal Reserve and be a champion of its independence. With a Chairman as highly respected in the industry and throughout the world as you, there is little doubt that the industry will provide this support with vigor. Best wishes. Sinc rely,  Chairman RT:cs  BOX 84, MEMPHIS, TENNESSEE 38101  TELEPHONE 901-523-5602  CABLE FIRBANK   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  BARCLAYS BANK LIMITED 54 LOMBARD STREET  C JAIRMAN  LONDON, EC3P 3A11  27th July, 1979  /414,11,r-  The news in this morning's paper will have given great pleasure to your many friends all over the world, not least in London. Many congratulations.  7/  Mr. Paul Volcker, President of the Federal Reserve Bank of New York, New York, N.Y. 10045, United States of America.  4   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  September 24, 1979  Dear Clark: I appreciated your note, even if I am late in answering my mail.  The markets don't  always seem to behave so well -- but that tells us what we huve to do.  I'm only one fellow, but  we can try. Sincerely,  Mr. G. Clark Thompson The Conference Board in Europe Avenue Louise 326 - Bte 48 B-1050 Brussels, Belgium  jmr  0  THE CONFERENCE BOARD IN EUROPE  Avenue Louise 326 - Bte 48 B- 1050 Brussels  '  1979SEP I 7  (46  Managing Director CFF10E August 10, 1979.  Mr. Paul A. Volcker Chairman Federal Reserve Board Washington D.C. USA  Dear Paul,  Congratulations and best wishes. All your many friends in Europe are delighted that you are in the driver's seat. I guess you know as well as anyone how much the American and European business communities are depending upon you to help restore confidence in the dollar. In fact, things started to improve when your nomination was announced. When things settle down, if they ever do, we would really enjoy having you address one of our European meetings on a subject of your choice.  Kindest regards,  Clark Thompson.  GCT/lc.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Tel. : 640 62 40 Telex : 63 635 Bank Account : 310 - 0272301 - 11 TVA : 417 517 890  AMR  ....  .....  I.  • •0 —n 4 •.  CHAIRMAN OF THE BOARD OF GOVERNORS  rrrrrr  <1` ••   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  • • F.—, • • ▪• cit 44, •  FEDERAL RESERVE SYSTEM  .....  .........•••••  WASHINGTON, D. C. 20551  September 18, 1979  Dear John: I appreciate the note on my appointment-and meanwhile have _done a little educational work on the personnel side. Sincerely,  ................  Paul A. Volcker  John N. Turner, P.C., Q.C. P.O. Box 38 Royal Bank Plaza Toronto, Ontario M5J 2J7  Li  P. 0. BOX 38 ROYAL BANK PLAZA TORONTO, ONTARIO JOHN N. TURNER, P.C., 0.C.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  TELEPHONE (4161 865-7111  M5J 2J7  PERSONAL  865-7101  August 20, 1979  I think most of us who have some idea of what is going on feel a lot more comfortable now that you are at the helm of the Federal Reserve. With every good wish,  Sincere  JNT/ra  John N. Turner  Paul Volcker, Esquire Chairman, Board of Governors of the Federal Reserve System WASHINGTON, D.C. 20551 7,  -71 a_  tJ  '... .................. . .................................................................................................................................... .................................................... ... .............................................. ........................................... ... .... .... .............................. ................................. ........................................ . .......................................................... ........ . ................................................ ................................... .......... ..... .................................................................................. . . ....... . ... . .... ..........   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  PURCELL & NELSON 1776 F STREET, N. W. WASHINGTON, D. C. 20006 C. ROGER NELSON GANSON PURCELL  E. LADD THURSTON FRANKLIN  M. SCHULTZ  1951-1967  JOHN K. TABOR RICHARD P. WILLIAMS (202) 331-0800  J. SUMNER JONES JOHN W. BLOUCH BRUCE W. DUNNE JUDITH JURIN SEMO S. RAYMOND TILLETT   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  July 26, 1979  Mr. Paul A. Volcker Chairman Designate Board of Governors Federal Reserve System 20th & Constitution Ave., NW Washington, D.C. 20551 Dear Paul: Hearty congratulations on your nomination. You will do a great job in a critical post at a very challenging time. Very best wishes. Yours sincerely,  K. Tabor  ee  4  FEDERAL RESERVE BANK OF NEW YORK NEW YORK.N.Y.10045 AREA CODE 212 791-6173  PAUL A. VOLCKER PR  NT  August 1, 1979  Dear Frank: Many thanks for your mailgram. I appreciate your kind words very much. Sincerely,  Paul A. Volcker  Professor Frank Tamagna  ....... . • ....... ........................ ........ • - .... .......................................................................................................................................................... ..................................................... .................................................................. .. . ...................... . . : . ... . ..... ... : ..... . ......... ... • . ...... ............... ... ........... ........... ...........................................................................................................................................................  .......................................... ....   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  PROFESSOR FRANK '"kMAGNA 7101 CONNECTICUl ,VE CHEVY CHASE MD 20015  mi  0  Aix-r Es POST,®  ahgram ,-11P14,  western union  - Z.  U.S.MAIL  4•0058585207 07/26/79 ICS IPMMTZZ CSP NYAB 2026862045 MGM TOHT WASHINGTON DC 58 07-26 0823A EST  PAUL VOLCKER<PRESIDENT<FFDERAL RESERVE BANK OF NEW YORK 33 LIBERTY ST NEW YORK NY 10005  PLEASE LET ME JOIN IN THE UNIVERSAL ACCLAIM FOR YOUR NOMINATION AND IN THE WISH THAT YOU WILL GET ALL THE HUMAN SUPPORT AND DIVINE GUIDANCE FUR THE THORNY PATH THAT LIES AHEAD FRANK TAMAGNA  08:241 FST  mGmcomP MGM  RECEIVED JUL 2 7 1979 p. A. V.  5241 (R1/78)  ANSWERED , ATTENDED TO,.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  TO REPLY BY MAILGRAM, SEE REVERSE SIDE FOR WESTERN UNION'S TOLL - FREE PHONE NUMBERS  m rn rn   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 20, 1979  Mr. G. J. Tames Board of Managing Directors Nederlandsche Middenstandsbank N.V. Eduard van Beinumstraat 2 Amsterdam, Netherlands Dear Mr. Tames; I appreciate your note and best wishes. do help me keep in touch. Sincerely,  Paul A. Volcker  PAV:mhw  Please   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  NEDERLANDSCHE MIDDENSTANDSBANK NV.  AMSTERDAM, BOARD  OF  MANAGING  EDUARD VAN  DIRECTORS  July 30, 1979  BEINUMSTRAAT 2  G J .TAM M ES  Mr. Paul A. Volcker Chairman of the Federal Reserve Board 20551 Washington D.C. U.S.A.  Dear Mr. Volcker,  It was a great pleasure to read about your nomination as Chairman of the Federal Reserve Board.  I would like to congratulate you with this nomination and I do sincerely hope that I will meet you again soon, I enjoyed the talks we had last April, when I paid you a visit on the occasion of the opening of our New York branch. Kind regards.  pkok' Pitto,  jt)PAI` tid v oiero„J ' 5)06  1  Yours,  (Trade Register, Amsterdam, No. 31.431)  .••••............ FEDERAL RESERVE BANK OF NEW YORK  •  •  ......  •  NEW YORK,N.Y.10045 AREA CODE 212 791-6173  PAUL A. VOLCKER PRESiDENT  August 1, 1979  •  .  ........  Dear Arthur: At least I'll try: Sincerely,  ........  Paul A. Volcker  •  ...... ................  of..  Mr. Arthur R. Taylor 30 Rockefeller Plaza New York, New York  ...  .............................................................. ...................................................................... . ..............  .............. .................. .......... ....  ...  ...............  .................  .................  .........  ..................   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ........  •  ...   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August  7,  1979  Dear Bob: It has occurred to me I ought to quit while I'm ahead. But, instead, I guess it is goodbye to the Red Cross and much else for the time being. Many thanks for the kind words and best regards. Sincerely,  Paul A. Volcker  Mr. Bob Taylor  PAV:ak   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ditte  /tAM-  tiketa-  liAlktAlee&A4eL (I 6 Alfet41'"  latAIL 6.e._  ceL4A-- AA ki  e &it _ ArA4  APt(/2,  1‘ ac..„  ict,g4A ox_40 4  iT  -  d_et,zre -71.6  tZJz--e-P   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 23, 1979  Dear Mr. Temmer: I appreciate your note on my appointment. great problems, new dilemmas, and few tools.  But then, who  can resist a challenge? Sincerely,  Paul A. Volcker  Mr. Stephen F. Temmer, President Gotham Audio Corporation 741 Washington Street New York, New York 10014 PAV:sep  We have   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  AUDIO CORPORATION  Stephen F. Temmer,President Mr. Paul Volker President Federal Reserve Bank of New York 33 Liberty Street New York, NY 10038 26.July 1979  Dear Mr. Volker: As a fellow member of the Executive Council of "Deutsches Haus" at New York University, I wanted to take this opportunity to offer to you my congratulations on your appointment as Chairman of the Federal Reserve Bank. As a company deeply involved in world marketing, it is obvious that your avowed standpoint on strengthening the U.S. Dollar, even though this indirectly has an adverse effect on exports, is the only sound policy in a world as dependent on oil, and oil as dependent on the U.S. Dollar. I hope that you will find your assignment challenging and rewarding. ely yours, AUDIO CORPORATION  SFT/me  Telex 12-9269 Reply to: Headquarters: 741 Washington Street, New York, NY 10014 'r_7- (212) 741-7411 Sales Office: 1710 N. LaBrea Avenue, Hollywood, CA 90046 -!'"' (213) 874-4444  4  FEDERAL RESERVE BANK OF NEW YORK NEW YORK, N.Y. 10045 AREA CODE 212 791-6173  PAUL A. VOLCKER PR ES I DENT  August 1, 1979  Dear Tony: I appreciate your letter and the comments.  We'll  survive personally, but I know the Fed will need a lot of understanding and support if all those "intractable" problems are to begin giving way. Thanks for your good wishes. Sincerely,  Paul A. Volcker  Mr. Anthony P. Terracciano Executive Vice President and Treasurer The Chase Manhattan Bank, N.A. One Chase Manhattan Plaza New York, New York 10015   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  The Chase IVianhattars Bank, NA. 1 Chase Manhattan Plaza New York, New York 1001!')  Anthony P. Terracciano Executive Vice President and Treasurer  Juty 26, 1979  'LL li i' CHASE  Dealt Paut, I have juzt netunned Stom thtee day4 oS meeting4 with the GoveAnment Bottowing Committee in Waishington. The teaction to yout nomination waz the one btight 4pot in a vety con6u4ed and pezzimiztic enviitonment. Ptiok to the time the announcement wa4 made, almotutety eveAy membet o6 the Committee exptezzed the opinion that you would be the bezt po44ibte man Sot the job. Evetyone at4o undet4tand4 zome oS the peitzonat Aacni6ice4 invotved in yout wittingnezz to accept the new po4ition. Thi4 makez youit deciision even mote appneciated by tho4e who nezpect you/i. ptoSe44ionat 4kitt4. Pteaze add my be4t wizhez and apptauze to evetyone etzez.  Mt. Paul. Votcket Ptezident New Yotk Fedetat RezeAve  P. A. V. ANSWERED ATTENDED TO  ,„  Many thanks for your congratulations  Mr. James J. Thackara   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  JAMES J. THACKARA  PERSONAL  July 26, 1979  Dear Paul, Congratulations on your new assignment. This is not only a source of pleasure and reassurance for all your many friends and colleagues but, more important, it is good for the country. There is in all this a high degree of competence and experience, a devotion to the art and a high sense of duty. I commend you. All best wishes for you in your new post.  Sincerely,  James J. Thackara  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. 10045  I   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 20, 1979  Dear Mr. Thomas: You were kind to write about my appointment.  I have  I look forward to some idea of the job that lies ahead, and lders to keep us you and many others looking over our shou "honest" as we attack the problems. Sincerely,  Paul A. Volcker  Mr. Alan P.Thomas Research Partner Sheppards and Chase Clements House Gresham Street London EC2V 7AU Endland  PAV:ccm  Si tEPPARDS AND CEASE MEMBERS OF THE STOCK EXCHANGE  CLEMENTS HOUSE, GRESHAM STREET, LONDON TELEPHONE 01-606 8099  TELEX 886268, 887091  AND  887526  EC2V 7AU  CABLES SHEPPELLY LONDON E.C.2  AND AT P.O. BOX 177,41 BROAD STREET, ST. HELIER, JERSEY, CHANNEL ISLANDS WEETWOOD CHAMBERS, 93A,ALBION STREET, LEEDS  Paul A. Volcker Chairman of the FEDERAL RESERVE Washington D.C. U.S.A.  LSI SOD  APT/CAG  Esq., Board of Governors, SYSTEM, 20551,  3rd August, 1979 F  c,1 I am writing to offer you my most sincere congratulations on your new appointment at the Federal Reserve in Washington. I was delighted to hear the news and I have every confidence that your period in Office will prove to be one of great success. I am particularly pleased that the President has appointed you at this time when your experience and ability will, I am sure, prove crucial at beginning the long programme of restoring confidence in the U.S. currency. I look forward very much to studying the outcome of your key involvement in U.S. monetary policy. Kindest regards.  Yours sincerely,  •••••••  ItN%  1 , v 047  Ala P. Thomas, RESE RCH PARTNER.  T. N. Gartside • A. S. Clowes • J. E. Austin, F.C.A. • R. R. Barttelot • S. Birch • E. H. Brooks • L H. Buck • A. W. R. Burton, F.C.A. • P. A. Chappell G. E. Churchman • G. B. Clark • J. M. Cobb • M. R. Coulman • 0. J. M. Eley • C. P. Garnett • T. C. Gore • W. Hargreaves (Leeds) • A. W. Hitchens J. A. Letchford • F. H. Lowry-Corry • R. A. McGregor • P. A. C. Maconie • V. S. Madge • T. H. C. Murphy • A. J. K. Ritchie • M. J. Rogerson Miss H. M. Root • J. Sachs. A.C.I.S. - D. S. Sanderson • J. C. Seymour • H. R. D. Tennant • A. P. Thomas • G. E. Todd, F.C.A. • P. S. Tyler, F.C.A. C. A. Williamson • P. G. B. Wills • J. L M. Wilson • S. R. B. Wood • L Christianson • D. G. Clive • L A. Mackay • A. N. B. Ritchie • E. N. Sheppard Jersey Office: A. M. Corbin Lord Terrington • H. B. Van der Gucht.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  A   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 9, 1979  Mr. Mgtygs Tingr President National Bank of Hungary Budapest HUNGARY Dear Mr. President: I appreciate your kind note and certainly reciprocate your hopes about our institutions and our countries.  Hope to see you before too long. Sincerely,  Paul A. Volcker  4  NATIONAL BANK OF HUNGARY   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  PRESIDENT  Budapest, July 26th, 1979  Mr. Paul Volcker, Chairman of the Board of Governors Federal Reserve System Washington D.C. 20551  Dear Mr. Volcker,  I was very pleased to learn that President Carter has nominated you as the Chairman of the Board of Governors of the Federal Reserve System. May I wish you on the occasion of your designation success and happiness in the fulfilment of this highly responsible and very important position as well as in your personal life.  In the meantime I would like to express my hope that the already good relations between our two countries and our two banks will even further develop. Ygtrs sincerely,  (Matyas Timar)   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 20, 1979  Dear Helen: Thanks so much for the delightful note and good wishes.  This is the time for prejudicial opinions.  keep to them when the brickbats fly. Heard from John: Sincerely,  Paul A. Volcker  Ms. Helen Tobin  Just   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  z   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 7, 1979  Dear Mr. Tomkins: Many thanks for your note and good wishes. Sincerely,  Mr. H. J. Tomkins The General Manager Central Monetary Authority of Fiji Suva, Fiji  CENTRAP  MONETARY  AUTHORITs° OF FIJI  SUVA  The General Manager,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  26th July, 1979 Mr. Paul A. Volcker, Chairman Designate, Board of Governors of the Federal Reserve System, WASHINGTON D.C. 20551, U.S.A.  Please accept my warmest congratulations on your high appointment to lead the Federal Reserve System in these difficult days.  I wish you every success in the task  that lies before you.  With kind regards,  (H.J. Tomkins)   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 20, 1979  Dear Mr. Toro: Many thanks for your note on my appointment. Someday, I shall return: Sincerely,  Paul A. Volcker  Mr. Francisco De Jesus Toro President Puerto Rico Bankers Association Banco Popular Center Suite 820 Hato Rey, Puerto Rico 00918  VA79 ro!'l   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  -11:`32 PUERTO RICO BAVERS ASSOCIATIO\ BANCO POPULAR CENTER SUITE 820 HATO REY, PUERTO RICO 00918 TELEPHONE (809) 753-8630  August 6, 1979  Mr. Paul A. Volcker Chairman Board of Governors Federal Reserve System 20th St. & Constitution Ave., N. W. 20551 Washington, D. C. Dear Paul: The news of your appointment as Chairman of the Federal Reserve Board were received with great joy and enthusiasm by all our member banks in Puerto Rico. No better choice could have been made. We all wish you success in your new endeavors and hope to have you back sometime. Please remember you have many friends in this Island who still remember and think very highly of you. I/Cordially yours, 9  FRANCISCO DE PRESIDENT  ESUS TORO  CHAIRMAN OF THE BOARD OF GOVE.?NORS FEDERAL RESERVE SYSTEM WASHINGTON, D. C. 20951  Mr. Roberto DeJesus Toro Banco De Ponce San Juan, Puerto Rico   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  OEV02/19 1913 EDT;', FRNY ZCZC TLE605 VIA ITT PJA349 PGA2140054 UINY CO PDSJ 038 ..4,,,ZANJUANPR 038/037 02 1739 JJJ FEDERAL RESERVE BANK OF NEW YORK MR PAUL VOLCKER FEDERAL RESERVE PO STATION NEW YORK NY 10045  DISPATCIA OPT OF  CHECKED B‘i r13  0 1 C:3  DELIGHTED TO LEARN APPOINTMENT CHAIRMAN FED STOP BEST ECONOMIC NEWS IN LONG TIME ROBERTO DE JESUS TORC BANCO DE PONCE 15SV('‘ 10/  17-7  ANSV1ERED  ••.....  ertii§ Mr:SAGE 144:,%7   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ,,,•wo. •••••••••,:.•• • • •,.• •••••..,  kr:TENDED TO ...;....,•...•  -COL 10045  420138 FRNY Ul  t.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 7, 1979  Dear Peter. I appreciate the note and look forward to seeinr, something of you in Washington. Sincerely,  Paul A. Volcker  The Honorable ?eter M. Towe Ambassador Canadian Embassy 1746 Massachusetts Avenue, N.W. Washington, D. C. 2M36  U.TanzOintt "Erttb-avisR  Antbuosartg Zrix (canaZta  1746 Massachusetts Ave. N.W. Washington, D. C. 20036 July 26, 1979  Dear Paul, This is just a note, which requires no acknowledgement, to express my congratulations and pleasure at the prospects of your resettlement in Washington. I look forward very much to the opportunity of working with you again wherever appropriate in promoting a constructive relationship between our two governments. Best regards, Yours spcerely,  Peter M. Towe Ambassador  W. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, N. Y. 10045   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  RECEIVED JUL 3 1 1979 P. A. V. ANSWERED ATTENDED  ••••Ii  ...   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  II  • co •0 • -ri • •'4  ..5. ....C,  •  .  CHAIRMAN OF THE BOARD OF GOVERNORS  1 • LW •  FEDERAL RESERVE SYSTEM  1 ,• (.ns .1...  WASHINGTON, D. C. 20551  k, • RAL ilf-S. ••• • •...•  August 24, 1979  Dear Jim: Many thanks for your collective kind words on my appointment, however belated the response.  It's particularly nice to hear from  such professionals in the field.  Now that the  celebrations are over, the work is beginning-just think of me when the brickbats begin and I need some good advice. Best wishes. Sincerely,  /dae Paul A. Volcker  Mr. James Trees   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  July 26, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: My partners, Dick Fischer, Steve Francis, John Watts, and I are jubilant at the news of your nomination to Chairman of the Federal Reserve Board. Rarely, from our little window, have we seen such a well-deserved and desirable choice for leadership in economic policy. We wish you continued success as you wrestle at this difficult time with the awesome responsibilities of your new job. es,  Our warmest regards and best Sincerel  ees  RECEIVED JUL 2 6 1919 P. A. V. ANSWERED ATTENDED  ••• •011  ISS   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 7, 1979  Mr. William F. Treiber  Dear CM: Thanks so much for the warm note and the sound advice. One tomfort is that we have that little Institution in New York that you did so much to nurture. Vle can only try our best. Cordially,  Paul A. Volcker  PAV:ccm  WILLIAM F. TREIBER  14 7 9  Y. Paa, a.  Vo.t4INJ a-ele,J of 41 )VL  tz„,,,,„ 6 Y‘ZA)Vtr-JA,i  /o O  •  eroarez6c  -t;  43crue. .z.kG z4.62r-t.;tJ -4 41-0_ste I.J  c'-4i  cAyt  .  1LC  d2t4re.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  t4  o  se"t.„%LtJ 0-0-0 17.j0-,6  ):t.tA) 1,;(eL ae.t  ra,Zt-t -to &Lb atz cL RECEIVED cLP LR.42  •  t (2Q1Lo  JUL 3 1 1979 P. A. V.  ANSWERED , "t-ATTENDED TO..  .......   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 1  1979  Dear Robert: I appreciate so much your warm letter. I wish I could pretend to know all the answers, but you know too well that isn't true. Intuition will carry me so far -- please  do keep in touch and tell me when I seem to be straying too far. Best regards,  Paul A. Volcker  Mr. Robert Triffin Commissior oeS Communautes Furopeennes Brussels, Belgium  PAV:ccm  7j--/  /  COMMISSION DES COMMUNAUTES EUROPEENNES -7*/   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  /  WI FHA '-C-1  7  It.  A2rei.  44.1)  /'c 4_60e  C  4.1  e  0(t.77.  c.7 _  cir< e-1-7e,r e  -  c-'  i -7t cki  y Lt,*  e v . I gi-t/14 4  e -  t,t4 atr  c  e ct  c  e7  t et4-1,  cir.A 4s  ,} •  -4"  c-4  Gre t.,i-re 0 --a  7  •  tie.1  t  cy-c/-v  044-ti  "Zteet  evi  ,  Otri er  Cev-11,  e 6'441  .q/-  6  -"Cy/  -2,11 CA--P 41(  34 lo"-cA."L  7 44. L  C  ^fry( t e-Aft"  t  C.- V  ejt-J  I 1 4-0  Z-445tf  1.-1-4-4  6  7-  eC  "'re  r C  Cr-P',y1 Li-  C4e4  14-PL-1-3,1c.„,  7  AUG  011. 1.1110).9 D ATTENDELI  8 1979 .....%M.A.OA  ...............  ......  c-f syr v-r-t  ci-,K ee •   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 14, 1979  Dear Dr. Trouvain: I appreciate the note.  I also appreciate the  problems, but I can only try my best. Sincerely,  Paul A. Volcker  Dr. Franz-Josef Trouvain Chef-Volkswirt Der Deutschen Bank AG Grosse Callusstrasse 10-14 6000 Frankurt AM Main GERMANY  DR. FRANZ -JOSEF TROUVAIN  27.7.1979  GROSSE GALLUSSTRASSE 10-14 6000 FRANKFURT AM MAIN  CH EF-VOLKSWIRT DER DEUTSCH EN BANK AG  Mr. Paul A. Volcker President of the Federal Reserve Bank of New York 33 Liberty Street New York,   http://fraser.stlouisfed.org/ MEFederal Reserve Bank of St. Louis  N.Y. 10045  Dear Mr. Volcker:  I would like to extend to you my most sincere congratulations on your appointment as Chairman of the Federal Reserve Board.  At the same time, I wish you good luck  and every success in the accomplishment of the important tasks before you.  It is comforting for us non-  Americans too - and particularly so for us - to know that such an experienced and independent personality as yourself is at the head of the U.S. Central Bank.  Sincerely yours,  y  ir  44LN7J. ..004:m11  ‘ i0° l r e  RECE:VED 0 1979 F-. A. V. ANSWERED ATTENDED TO   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 3, 1979  Dear Sandy: the sighs of relief—now all I have  I  to do is try to justify them.  Despite the news stories, I  %eve never found myself walking on water, but I'll try not to drown.  I! Thanks for writing. Sincerely,  Paul A. Volcker  Mr. Alexander B. Trowbridge Vice Chairman Allied Chemical Corporation P.O. Box 300OR Morristown,New Jersey 07960  ALLIED CHEMICAL CORPORATION P. 0.BOX 3000R MORRISTOWN, N. J. 07960  ALEXANDER B. TROWBRI DGE   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  VICE CHAIRMAN  July 30, 1979  The Honorable Paul Volcker Chairman Board of Governors Federal Reserve System 20th and Constitution Ave., N.W. Washington, D.C. 20551 Dear Paul: a sigh I was one of the many who let out a cheer (and er had t of relief) when I heard that Presiden Cart , and I convinced you to take on the Fed chairmanship your selection merely wanted to record my delight over rly were the and your willingness to serve. You clea you'll be in rightman at the right time, and I'm glad or outthe right place. I hope the exhileration fact can maintain weighs the exhaustion factor, and that you your fine sense of humor throughout. With best wishes.  *AA' § /ow 44,4  iturko-  Ctik tfel  WAAk  Cit?  4,04  )   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 3, 1979  Dear Merlyn: Let's get together soon.  Appreciate the note. Sincerely,  Paul A. Volcker  Mr. Merlyn N. Trued The Brookings Institution 1775 Massachusetts Avenue, N.W. Vashington, D. C. 20036   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Il  II, The 73rookings Institution hi 1775  MASSACHUSETTS AVENUE  N.W./ WASHINGTON  D.C. 20036 / CABLES: BROOKINST / TELEPHONE: (202) 797-6000  Advanced Study Program 26 July 1979  Mr. Paul Volcker, President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10005 Dear Paul: I was not at all surprised at the news, but I was greatly pleased and encouraged. You have my warm congratulations and every good wish for doing the job that has to be done. It is going to be quite a challenge and I hope you will call on me whenever you think I can be of assistance. I shall look forward to seeing you in Washington again. With best personal regards. Sincerely,  Merlyn N. Tru  I   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  •  August 10, 1979  Dear Palmer: Many thanks for the note.  We can only try our  best -- and it's pretty clear we are not tilting tt windmills. Sincerely,  Paul A. Volcker  Mr. Palmer Turnheim Senior Vice President The Chase Manhattan Bank, N.A. One Chase Manhattan Plaza New York, New York 10015  PAG:ccm  The Chase Manhattan Bank, N.A. 1 Chase Manhattan Plaza New York, New York 10015  Palmer Turnheim Senior Vice President  CHASE   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  July 25, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Libery Street New York, New York 10045 Dear Paul: With the entire financial community I add my sincere congratulations to you on your nomination to become the new Chairman of the Federal Reserve Board. I can think of no one who is more uniquely qualified for this key position than you. Your experience and presence in this post should go far in leading the moves to curb inflation and restore sole stability to the dollar. wea, 1111 Our very best wishes to you. Sincerely,  r)2  0-ur  • 0 GO ." 0  • 4,.• 1 ).•  CHAIRMAN OF THE BOARD OF GOVERNORS  •  FEDERALRESERVES'STEM • •••/  WASHINGTON, D. C.  20551  IIMMONIMPIONSIS  :ttg  -;4,,," • c,S.0 • 11AIL R. • ' •• • ••  LK  .  7- •  _  .•,;./%?;  r Pt •  r  teN  August 8, 1979  Dear Palmer:  immidumwMOMMIM  •  •  •  ,  I appreciated your note of congratulations and good wishes.  ;PC  Thanks so much for writing. Sincerely,  Paul A. Volcker AV'  •  Mr. Palmer Turnheim Senior Vice President The Chase Manhattan Bank, N.A. One Chase Manhattan Plaza New York, New York 10015   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  .Ass  A  1,12,17 46. 14 1  • w.f. 4 '4•4  ••  •••  ••••  4  •.•  • ..4••••ArA•,„  •••V  X . • • %IF,.  I.,  ••  'I•••• •  •  '  ,  • 4. ur.l.  • "•  ..• •'• ' or-.  •  •s  .  •  4  ' • •NY/ ••• .  ,1•0 _44  •7.•-  ••••  Is %  1,• •• :VP:7  ,-Jr•,  - •  14,•  7  The Chase Manhattan Bank, N.A. 1 Chase Manhattan Plaza New York: New York 10015  Palmer Turnheim Senior Vice President  CHAS   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  July 25, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Libery Street New York, New York 10045 Dear Paul: With the entire financial community I add my sincere congratulations to you on your nomination to become the new Chairman of the Federal Reserve Board. I can think of no one who is more uniquely qualified for this key position than you. Your experience and presence in this post should go far in leading the moves to curb inflation and restore some stability to the dollar. Our very best wishes to you. Sincerely,  .• .. 0 .  0t/.6- ••  -> U r• -s, --1  •,s: `-`----.4, • 0 ,<A``''-,,e.„4, - —II • -4 1-  0•  '2 u, • • f-• • v)  vgf[•  s. • , •1 • <v.'  ....*  CHAIRMAN OF TH E BOARD OF GOVE RNORS FEDERAL RESERVE SYSTEM WASHINGTON, D. C.  20551  AL RSS  August 8, 1979  Dear Palmer: I appreciated your note of congra tulations and good wishes. Thanks so much for writing. Sincerely,  Paul A. Volcke r  Mr. Palmer Turnhe im Senior Vice Pres ident The Chase Manhat tan Bank, N.A. One Chase Manhat tan Plaza New York, New Yo rk 10015   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  The Chase Manhattan Bank, N.A. 1 Chase Manhattan Plaza New York, New York 10015  111111  Palmer Turnheim Senior Vice President  111111  CHASE   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  July 25, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Libery Street New York, New York 10045 Dear Paul: With the entire financial community I add my sincere congratulations to you on your nomination to become the new Chairman of the Federal Reserve Board. I can think of no one who is more uniquely qualified for this key position than you. Your experience and presence in this post should go far in leading the moves to curb inflation and restore some stability to the dollar. Our very best wishes to you. Sincerely,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 6, 1979  Dear Bill: Delighted to hear from you - we'll try our best. Best regards, Sincerely,  Paul A. Volcker  Mr. William Nelson Turpin  WILLIAM NELSON TURPIN  C6-9.ed C vL-GI   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  &„ a  -  614.  RECEIVED JUL 3 1 1979 P.A.V. ANSWERED  ATTENDED  .......„••••  FEDERAL RESERVE BANK OF NEW YORK NEW YORK, N.Y. 10045 AREA CODE 212 791-6173  PAUL A. Vo Lc KER PRESIDENT  August 1, 1979  Dear Doctor Tzimas: Many thanks for your telegram of congratulations.  All the Volckers appreciate  it! Sincerely,  ate Paul A. Volcker  Dr. Nicholas Tzimas  .... . ............ ...........................................................................................................................................  .................... ............................................................................................................ ............ ...................... ................................................ ...................... ...... ........................................................................................... . .. .................................................. ..........  ..... ................................................................... .....................   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ..................  •  Telegram  western union T1P610(9046)(4-077976S?07)PD 07P,6/7q IC C IPmmT72 CSP 21.?.3407?7g TOmT MFW YOPv mY PS PAUL  TZTmAS NMNM  SF-1201 (R5-69)   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  07-6 OR44P ri  VOLrYFP ANn rAmTLY, /1A0  NTS? STN('FPF CONMPATULATTOmS  4,4   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ; August 9, 1979  Dear Mt. Uchiyama: Many thanks for your letter and your expression of confidence.  I shall try to iustify it--and would  certainly want to see the strong relations between our countries maintained. Yours sincerely,  Paul A. Volcker  Mr. Yoshitada Uchiyama Managing Director The Industrial Bank of Japan Limited Marunouchi, Tokyo JAPAN  cicideed&a/c°Liz  ea/1%  /V/PPOIV KOGYO GI/VKO) CABLE ADDRESS KOGIN TOKYO  ESTABLISHED  1902  c_Z. X`eeizixoarc.%4 YOSH1TADA UCHIYAMA MANAGING DIRECTOR   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ) rr",  August 1, 1979  Mr. Paul A. Volcker Chairman Federal Reserve System 20th St. and Constitution Avenue N. W., D.C. 20551 U. S. A.  -7,7J1 ••••••  CD  Dear Mr. Volcker: I was very pleased to hear of your recent appointment as Chairman of the FRB. Prior to this, I had been somewhat apprehensive as to who would take over such important responsibilities. I am convinced that you are the right person for this job at this time. On this very happy occasion, please allow me to extend my heartfelt congratulations to you and to wish you the best of success as the central figure not only in the U.S. sector but also in the world financial scene. I am sure that you will make best use of the wide experiences you have acquired so far as an expert of the international monetary system, and will contribute greatly to both economic and financial stability in the U.S. Availing myself of this opportunity, I enclose herewith our latest annual report. I hope it will be of some help to you. With my warmest regards, Sincerely yours,  k Yoshitada Uchiyama Managing Director   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 23, 1979  Dear Bob: Many thanks for your note--and the best thing you can do,as you implied, is helping all of us keep in touch.  We need your insights and judgment, and that  of your colleagues--and not least your understanding when the brickbats begin: All the best. Sincerely,  Paul A. Volcker  Hr. Robert P. Ulin Vice chairman Conference of Business Economists c/o Mobil Corporation 150 E. 42nd Street New York, New York 10017  PAV:tb   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Chairman KENNETH H. MILITZER American Telephone & Telegraph Co. P. 0. Box 2016 New Brunswick, New Jersey 08903 Vice Chairman ROBERT P. ULIN Mobil Corporation  Conference of Business Economists  150 E. 42nd Street New York, New York 10017 Secretary-Treasurer GEORGE W. JAMES Air Transport Association 1709 New York Avenue, NW Washington, DC 20006  July 27,  1979 Immediate Past Chairman EDMUND A. MENNIS Security Pacific National Bank P. 0. Box 60400, Terminal Annex  /,1r. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045  Los Angeles, California 90060  Dear Paul: This is just one more note to add to many you have received, but it's personal and very sincere. I feel sure the Federal Reserve System and our country will benefit from your appointment as Chairman. My congratulations, and my admiration also for your willingness to assume these heavy responsibilities. Please let me know if there is anything I can do to be helpful to you or the Board. As you know, several of us in the Conference of Business Economists have regular contacts with Board members and staff, but we can always do more. Sincerely,  mlp  Robert P. Ulin  I.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 17, 1979  Mr. Franz H. Ulrich Chairman of the Supervisory Board Deutsche Bank AG Konigsallee 45 D-4000 Dusseldorf Federal Republic of Germany Dear Mr. Ulrich: I appreciate your note and congratulations on my appointment.  I know that I can use some of that  good luck -- but will do my best to restore stability in any event. Sincerely,  Paul A. Volcker  PAV:pg   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  FRANZ H. ULRICH CHAIRMAN OF THE SUPERVISORY BOARD DEUTSCHE BANK AG  KONIGSALLEE 45 D-4000 DuSSELDORF  27th July, 1979  Dear Mr. Volcker,  I am very pleased to learn of your nomination as Chairman of the Board of Governors of the Fede ral Reserve System in Washington and congratulate you most cordially on this great event. Please accept my best wishes of good luck and every success in your new sphere of responsibility.  Yours sincerely, 7  Mr. Paul A. Volcker Chairman Board of Governors FEDERAL RESERVE SYSTEM Twentieth Street and Constitution Avenue, Northwest Washington D. C. 20551 USA   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 16, 1979  Dear Werner: Many thanks for the note. I can only try to make your present job easier from this direction -- but you know it won't be so easy! My best to both of you. Sincerely /  Paul A. Volcker  Dr. Werner Ungerer Auswartiges AMT Postfach 11-48 D-5300 Bonn 1 Germany PAV:ccm  Dr. Werner Ungerer AUSWARTIGES AMT  Bonn, 7th August, 1979  (  I J  The news of your nomination as Chairman of the Board of the U.S. Federal Reserve System have also reached Bonn. I, thererfore, should like to send you a few lines to congratulate you on your new appointment and to wish you succes and fortune in your new office.  It is good to know that a personality of such ample experience in monetary matters as you has been nominated. We, in Bonn, are especially happy that the new Chairman is not only a monetary expert but also a good friend of the Federal Republic of Germany.  I often think back of my post in New York and the many times I had the pleasure of meeting you. Here, in Bonn, I am directing the Foreign Ministry division dealing with the European Communities, OECD, GATT, IMF, world-wide economic and monetary questions, nuclear energy, space, science and technology and environmental problems. It is an interesting group of topics involving much work but also insuring that it will never be boring.  ,r tr(44010)1.4tiieo,PV,plle  I hope to see you again when you come to Bonn - which certainly you will.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  T  (  .4v1 t i oy"\10 \op^ v oil t q't M v/ /)  v ',Q79 t  • t  os\N  • .. ....4100.0  Ltj  ..  ..................  (A  ...   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 17, 1979  Mr. Richard P. Urfer Senior Vice President Atlantic Capital Corporation 40 Wall Street New York, New York 10005 Dear Dick: I appreciate your note, and the offer of help. I'll need lots. All the best. Sincerely,  Paul A. Volcker  PAV:pg  •IF  tt'.0A:R.T)  Atlantic Capl,!pl  1979 nue  16  In: 59  n7n Richard P. Urfer  40 Wall Street New York,N.Y.10005 (212) 363-4388  Senior Vice President   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 13, 1979  The Honorable Paul A. Volcker Chairman Federal Reserve Board 20th & Constitutional Ave. N/W Washington, D.C. 20551 Dear Mr. Chairman: My heartiest congratulations on your appointment and confirmation as Chairman of the Federal Reserve Board. Yours is one of the few appointments to high office in recent years that has been received with unanimous enthusiasm by the financial communities here and abroad. I have heard many very complimentary comments from my colleagues in Europe about you since your appointment. I wish you great success Federal Reserve. I am proud that with you several years ago and if or my colleagues at Deutsche Bank please do not hesitate to contact  in your responsibilities I had the opportunity of there is any information might be able to provide me.  Kindest personal best wishes, Sincerely,  RPU/kb  at the working that I to you,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  September 18, 1979  Dear Mr. Venedikian° I appreciate your letter on my appointment and monetary policy.  I am glad to have your thoughts. Sincerely,  Paul A. Volcker  Mr. Harry M. Venedikian Faculty Member - Lecturer New York University P.O. Box 525 Woodside, New York 11377 PAV:sep  Harry M. Venedikian, .0.B. 525 Woodside, NY 11377  New York, Aug 1, 1979  JMJ SJ  Mr. Paul A. Volker, Chairman, Federal Reserve Bank Washington DC  Allow r7e to express my warmest and sincerest congratulations for the well earned position of Chairman of the Federal Reserve Bank. i wish to you a bright and shining key position to a world and complete happiness. '  of  success  T am confident that your wise judgments will help to beat our chronic inflation and stabilize the cheap and low interest rates which are accelerating the velocity of the rate of the inflation. Britain has increased its prime lending rate to 15.50% and we are starting to see their inflation rate abated Perhaps I may suggest a moderate increase of our Fed Funds rate to 12 9/16% this increase will help o lessen inflation's continued rise and firm the Dollar's rate. •  • T am awlilahle for any technical idea exchanges you may wish to lmve with me, (Ind looking fouward in heorinq from you, Sincerely,  !z/4?L:217 Harry M. Venedikian Faculty Member - Lecturer New York University, New York.  41,4  4:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 7, 1979  Dear Bob: Many thanks for the warm note.  I don't for a moment  underestimate the difficulties--all I can do is try. Sincerely,  Paul A. Volcker  Mt. Robert Van Buren Chairman of the Board Midlantic National Bank 744 Broad Street Newark, New Jersey 07101  Midlantir' National Bank 744 Brc Street Newark, N.J. 07101 (201) 266-6764  MIDIArcric Robert Van Buren Chairman of the Board   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  July 30, 1979  Mr. Paul A. Volcker Pre sident Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: It was a pleasure for me to learn of the magnificent compliment that has been paid to you by President Carter in selecting you to be Chairman of the Federal Reserve Board. With the critical need to bring inflation under control, it is difficult for me to remember when the responsibilities of this position have been more awesome and meaningful for the future of the United States. I am well aware of the considerable pressures that you will be asked to endure, but feel certain that those of us in the banking world will be comforted by the knowledge of your dedication and capability. Obviously we will miss you here in the Second District, but I do want to pass along my warmest good wishes to you as you assume this significant undertaking. With best wishes,  fiECEIVED JUL 3 1 1979 A. ANSWERED . ATTENDED TO...  ............ •............ •. ............• .........   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 3, 1979  Dear Ray: Thanks so much for your note.  All I can say is I  know the problems, and all we can do is chip away at them with the help of many others. Regards, Sincerely,  Paul A. Volcker  Mi. Raymond Van houtte President Tompkins County Trust Company Ithaca, New York   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Zomphins TountR Zrust TomprtnR ITHACA, NEW YORK  RAYMOND VAN HOUTTE PRESIDENT  July 30, 1979  Dear Paul, Congratulations on your appointment as Chairman of the Board of Governors of the Federal Reserve System. Although I personally was extremely pleased with your appointment, it would appear that my feelings are shared by thousands of other bankers and the world financial community. The challenge today is awesome; however, your underlying philosophy and strength will enable you to persuade the Board to act in the best interests of the country. I look forward to visiting with you during the next visit to Washington of our delegation from the New York State Bankers Association. Again, congratulations and best wishes for personal satisfaction in this new position of responsibility. Kind regards,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  •  August 10, 1979  Dear Mr. Verlander: You are kind to write, and it was nice to meet you on Friday. Fred has told me something of that fishing--a dangerous thing to tempt me with: Sincerely,  Paul A. Volcker  Mr. W. Ashley Verlander President American Heritage Life American Heritage Life Building Eleven East Forsyth Street Jacksonville, Florida 32202  American Herita e Li   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  INVESTMENT CORPORATION HERITAGE LIFE  AMERICAN ELEVEN W. ASHLEY VERLANDER  BUILDING  EAST FORSYTH STREET  JACKSONVILLE, FLORIDA 32202  PRESIDENT  August 6, 1979  The Honorable Paul A. Volcker Chairman Board of Governors of the Federal Reserve System Washington, District of Columbia 20551 Dear Chairman Volcker: It was certainly a great pleasure meeting you Friday at Fred Schultz's swearing in ceremony. J. E. Davis and I went up for two purposes; one to see the ceremony of our former director of American Heritage and the other, hopefully to meet the newly appointed chairman. We were successful on both accounts. Your appointment has certainly been highly acclaimed as one of the President's best appointments and we are particularly pleased with it. If at anytime we can be of any help in this part of the country, give us a call. Also J. E. has a grea lake filled with fish who would love to test your abilities. Kindest personal regards,  utA_/(ic,r  e-  WAv..1rcd AS10,1.cF),,L  t  ' VY't÷ d°  Ut)  gr   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ;  August 16, 1979  Dear Governor Vincent. Many thanks for your note, and I can only share your wishes about our mutual relationship. Sincerely,  Paul A. Volcker  The Honorable O. Ola. Vincent Governor Central Bank of Nigeria P.M.B. 12194 TInubu Square Lagos PAV:sep  CENTRAL BANK OF NIGERIA P. M B.  12194,  TINUBU SQUARE.  1979 jr;A  Ti-IE GOVERNOR   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  13  C8  LAGOS.  31st July, 1979. Hon. Mr. Paul Volcker, Chairman, Federal Reserve System, Washington D.C. 20551, U.S. A.  Dear Mr. President, I write to offer you our warmest congratulations and best wishes on your appointment as the Chairman of the Board of Governors of the Federal Reserve System. We wish you a happy and successful tenure of this high office. We look forward to the prospects of strengthening further the cordial relations between our two institutions and our countries. With kindest personal regards,  Yours sincerely,  psP  kcv vi 0. la. Vincent, GOVERNOR.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 20, 1979  Dear Emil: The nicest thing about this job is hearing from family and friends too long out of touch. Give my best to Kathryn and Elsa--and just remember me when the brickbats begin. Sincerely,  Paul A. Volcker P.S. I occasionally try trout in the Au Sable, but it's a little difficult now.  Mr. Emil Voelcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  5 POSTA.  Nor vdovii"'"`•"••••••••-...,r.00,-"'"'" OMER ES  2 PUG  C)GIAL 1  I  11\  204A-  'L t \ *1 aa'  ci  stAA e-  4 ,  eb.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ,  '  •:.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 8, 1979  The Honorable Berndt Von Staden Ambassador of the Federal Republic of Germany 4645 Reservoir Road, N.W. Washington, D. C. 20007 Dear Berndt: I appreciate your note--and, from where I sit, even more, the close relationships between our countries that you have done so much to strengthen.  I can only try to do my part. Sincerely,  Paul A. Volcker  MAILGRAM sEkvICE CENTER mIDDLETOWN, VA,  ,cp.TES POST,9° •I  11.11  0 ‘6  1  western uniontfiallgraM  1-003193C207 07/26/79 TLx CIPLOGERMA 01 wASHINGTON DC JULY 26  NYAA  THE HONOPAPLE PALL A. vOLCKER PRAESIOENT FEDERAL RESERVE BANK 33 LIBERTY STREET NW YORK NY 10045  DEAR MR. vCLCKER, IT IS wITH GREAT PLEASURE THAT T HEAR THE NEwS OF YOUR APPOINTmENT AES CHAIRMAN OF THE BOARD CF GCvERNORS OF THE FEDERAL RESERVE SYSTEm PLLASE ACCEPT My SINCERE CONGRATULATIONS, AS HEAD OF THIS IMPORTANT INSTITUTICN YCL 'ILL. FE CONFRONTED WITH MAENY DIFFICULT ANG FAP REACHING DECISIONS ON MONETARY MATTERS MANY OF WHICH A ILL BEAR INTERNATICNAL IMPLICATIONS. I AM CONFIDENT THAT YOuR PROFESSTCNAL SKILL AS WELL AS YOUR LIFELONG EKSPEPIENCE wILL HELP YCG IN THE ACCOmPLISHmENT OF THIS TAEsK, SINCERELY BERNDT VON STAEDEN AMBASSADOR CF THE FEDERAL REPUBLIC CF GERMANY 08:07 EST mGmCOMP MGM   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  RECEIVED JUL 3 0 1979 r  .,-,.  V  ANSWERED  ATTENDED TO  TO REPLY BY MAILGRAM, SEE REVERSE SIDE FOR WESTERN UNION'S TOLL - FREE PHONE NUMBERS  U.S MAIL  W _   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  FEDERAL RESERVE BANK OF NEW YORK NEW YORK,N.Y.I0045 AREA CODE 212 791-6173  PAUL A. VOLCKER PRESiDENT  August 6, 1979  Dear Robert: I wish I could take you along: Thanks so much for all your tangible good works--and your best wishes. Sincerely,  Aul Paul A. Volcker  Mr. Robert Viespi  i   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  YAA  227 C.(. ,a,Z4 , 412-0(  t-4Jk-  A tA  c4G-LAA4I /z2_42_( ci>1.1/1„(ke  ,etije,4  y 7,_„„  /6-,-(4L  Cl 7  ,;74  L.  oz)I,H  D E V I ECE  R  31979 '  kioLia)  iiiiiiLit  e)/2   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  z.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  August 27. 1979  Dear Mr. Vranopoulos: I appreciate the warm note from one of our distinguished New York 'Alumni'. We shall try our best to deal with all those difficult problems. Sincerely,  Paul A. Volcker  Mr. Michael Vranopoulos General Manager Ionian and Popular Bank of Greece Athens, Greece PAV:sep  IONIAN AND POPULAR BANK OF GREECE THE GENERAL MANAGER  Athens, August 10, 1979  Mr. Paul Volcker, Chairman Federal Reserve Bank of New York NEW YORK  Dear Mr. Volcker,  I have been delighted by your choice as the new Chairman of the Federal Reserve Board.  Wishing you success in your new position, please accept many sincere congratulations for this choice from an alumnus of the F in New York, who has ample experience of your warm hospitality.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Sincerely yours, Michael  ranopoulos  General Manager  R EC El VED AUG 2 i i979 agv  e-) . A. V. ANSWERED ..,....... ATTENDED TO, .......
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