Full text of Paul A. Volcker Papers : Congratulatory Letters : 1979, Duplicates, Box 7, Item c123

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CONGRATULA'IORY =ERS

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Federal Reserve Bank of St. Louis

win

Collection: Paul A. Volcker Papers
Call Number: MC279

Box 7

Preferred Citation: Congratulatory Letters: Duplicates, 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/c123 and
https://fraser.stlouisfed.org/archival/5297

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CONGRATULATORY
LETTERS

4..

Frank Wil
Cadwalad
Wickersham
& Taf
One Wa
St.
NY 10P15
Bill r.onroe and
Betty a _ert
NBC
Washingt

Robert P. V,a_yo
President
FRB Boston

13.

Willis J viinn
Presid it
FRB C
veland

if.

Anthony Ter
ciano
Exec. VP
reasurer
Chase M
attan Bank
One Ch e Plaza
NY lo. 5

15.

Robert Baldwin
Morgan Stanley & Co., Inc.
1251 Ave. of the Americas
NY

16.

Roswell Gilpatric,Partner
One Chase Plaza(Cravath,Swaine
NY 10005
& Moore)

17.

Peter Ladd Gilsey

Arthur R

Peggy Vhedon, Prod er
Issues and Answers
ABC News
1124 Connecticut ye,NW
Washington, DC
0036
I.W. Bur

am II

12.

Jack Carlson, ational Assoc. of
Exec VP
eal Estate Brokers
1025 Vermo
Aye, NW
Washingto
DC 20005

18.

A.J. Ashe (277 Park Ave.
Sr. VP
NY)
B.F. Goodrich Co.

19.

Lawrence K. Roos
President
FRB St. Louis

R.E. Gut
(100
E. Schneider Wall St.)
Credit Suisse

20.

Norbone erkeley, Jr.
Chemic
Bank
20 Pi
St.
NY 1 05

Clark Ma regor
United
chnologies Corp.
1125 1 h St., NW
Washi ton, DC 20005

21.

True Day

Richard Hambro
NY 10021

Washing
10.

Tom Kil
NY 10

11.

fer

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Federal Reserve Bank of St. Louis

22.

John Sag
(1345 Ave of
VP & Tr surer Americas,NY)
Ford M or C

23.

Dick Hill
Chairman
First Na onal Bk of Boston

chrast
Michael S
Chief
Staff VP
Economi
National Assoc. of Home
Build s

n, D.C. 2008

Ail

MEM.

-469.

70.

71.

72.

73,

Herbert Evers
Exec. VP
Marine M land Bk
140 Br-=dway
NY 1.4 5
Ernest Blo
Professor f Finance
NYU
Hall
737 Ti
on Square
Washi
NY 10
hy
James P. M
Exec. VP
Bankers Assoc.
NY St
xington Ave.
485
NY 0017
*
Elvis L. Mason
Chairman
First National Bk of Dallas
se
Marie Rolfe
ed Nations Plaza
860 U

NY
74.

G.H. Willis

Mrs. Hy Hartman

80.

Jerry J

Chevy Cha

1"1.
nA(

NY 10028
81.

ie
Gerald M. L
Exec. Dire or
Relations
Governmen
hankers
Assoc.
American
1120 Co ecticut Ave.NW
Washin on, DC 20036

82.

Alvin R. Kracht
Sr. VP
E.T. Howard Company, Inc.
Advertising
850 Third Avenue
NY 10022

83.

Reginald

20008

Jones

Fairfi

d, Connecticut

Burton

. Malkiel

Pri
85.

sen

'n u

84.

Frank Tama

ton, New Jersey

James J.

06431

08540

ackara

20015

76.

Bill Ryri
IMF/IBRD
British mbassy
Washiniton, DC

77.

Charles Simo
Solomon Brchers
1 NY Plaz

78.

James D. Wolfensohn

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Federal Reserve Bank of St. Louis

79.

017

Washington
75.

86.

icholas A.)

87.

Jane Enge1,4;rd

88.

Sheldon

ohen

Washington, D.C.

20006

-2-

36•

Ton Lambert

August Maf

.
Checker

NY 10017

25.

James T
NY

Schapiro
Morris
One Ch .e Plaza
NY 1
5

27.

Roger Guffey
President
FRB Kansas City

28.

H. Schultz
Freder
airman
Vice

29.

Emmett
Gover
B/G

30,

allace
William H
Staff Di ctor
B/G

31.

Paul A. Scho erg
President
League
Savings A
of NY
700 Whit Plains Road
Scarsda
NY 10583

32.

33.

34.

35.

Rice

44120

37,

Gus Mar
(277 Park Ave.,NY)
Chairn#i & CEO
Bordef Inc.

38.

Derek Mitchell

022

26.

eights, Ohio

39.

Black, Ro
t P.
Preside
FRB R" mond

40,

Ralph D
eNunzio (460 Park Ave.
Presid t
NY)
Kidde Peabody & Co., Inc.

Ray Bau , Chairman & President
United ounties T/C
143 B ad St.
07207
Eliz eth,
altzman
Charles E
Goldman
hs & Co.
55 Broa
t
NY 100

42.

43,

Murray Altmann
B/G

44.

Mr. Rouse

45.

Arthur
30 Roc
NY

46.

Akira Ao
Represen tive
The Ban of Japan
One Ch e Plaza
NY 100;5

Charles F
uce
Chairman
Con Edi
4 Iry g Place
NY 1'O3

47,

Laura Petrucci
Leob Rhoades, Hornblower
& Co.
14 Wall St.
NY 10005

Louis F.E. Morel
Chairman
Barcla
Bank of NY
Pan
Bldg.
N
0017

48.

Charles A. Agemi
Chairman
National Bk
Garden St
Ave.
10 For

David Eastburn
President
FRB Philadelphia
Tore Browaldh
Vice Chairman
Svenska Hand4sbanken
Stockholm

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Federal Reserve Bank of St. Louis

Par

Taylor
feller Plaza

us, NJ 07652

..1

Milbank

49.

Jeremi

50.

Bill Blac
San Fr

51.

52.

53.

cisco

59,

Eugene J
eogh
at Law
Attorn
th Ave.
521
N
0017

60.

Yves-An

61.

Leo

62.

Doyle
Daniel
Firs
FR Chicago

63.

onald T 'egan
Chai
Mer
1 Lynch & Co.
O
Liberty Plaza
10006

64.

George J.
son
Partnerund Associates
Nelso
60
ifth Ave.
10017

65.

Herta Lande
dman
Deputy Col
sioner
Div. of I ernational Commerce
Y
State o
Dept.
Commerce
230 P k Ave.
NY 1 17

stel

Calif. 94104

os
Dr. Gyula
Mgr. & Re esentative
National :k of Hungary
250 Par Ave.
NY 100
Mario A. G riele
(100 Wall St.,
Exec. VP
NY)
Banco Di oma
NY Bran
Tom Wil x
Crocke National Bk
San F ncisco, Calif.

54.

Luigi Ma ni
Italian Cambi
1 Wall t.
NY 10 5

55.

Harry L. F eman
Sr. VP
Express Co.
Americ
Amer an Express Co.
NY 0004

56.

Jacobs, Jr.
Harry
Chai fi-n
Bach Halsey
100 old Street
NY 0038

66.

Alvin V.
emaker
President
Blyth Ea man Dillon & Co.
of the Americas
1221 Av
NY 100

67.

John E. Eckelberry
Paine W
Jackson & Curtis
14
oadway
10005

68.

John L. W
erg
Sr. Par
r
Gold
Sachs & Co.
oad St.
55
10004

57.

58.

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Federal Reserve Bank of St. Louis

Jane C. feiffer
Chai
NBC /
30 ockefeller Plaza
10020

Hobart Carr
School of
s. Admin.
Adelphi- niversity Schools
//epe-Business
arden City, L.I. 11530

Drosselmever

89.

Mrs. H. Fr

90.

Col. John D. Dale
Commander General-MOFW
30 E. 62nd St.
NY 10021

91.

92.

Colette Mahoney, RSHM
President
Marymount Manhattan College
221 East 70th St.
NY 10021
Frank R. Milliken
Contentment Island Road
Darien, Connecticut 06820

93.

icePresident
T.G. Keller
StoffelSOffis Corp.
68 Miriv St.
Tlick-ahoe, NY 10707

94.

A.H.A. Dib
irman
Deputy
Westminister Bk. LTD.
Natio
thbury, London
41
P 2BP

95.

Eric R
Warb co London

96.

Michel David-Weill
Senior Partner
orreres and Co.
aof
.
Laz
ckefeller Plaza
One
NY

97.

Gordon M. Itetcalf

98.

Franco40De Laboulaye
Ambaatggaor of France

99.

/\lorimichi Okai
Sr. Correspondent
The Nihon Keizai Shimbun
(Japan Economic Journal)
National Press Bldg.-Rm 745
14th & F Streets, NW
Washington, D.C. 20045

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Federal Reserve Bank of St. Louis

Monica S ughnessy
100. Assista
Treasurer
Chase anhattan Bank
60th t. and Park Ave
NY 1 022
utcher
101. Willard C
Presiden
attan Bank
Chase M
One Ch e Plaza
015
NY
102. Donald 0 Cameron
Sr. VP
Chase anhattan Bank
ase Plaza
One
015
NY
103. J.V. Reed, r.
to the Chrmn.
VP and A
attan Bank
Chase M
One Ch e Plaza
NY 10 5
ernan
104. Peter D.
Chairma and President
United ank of New York
NY 12207
Alban
105. Doris Eliza th Forest
Publisher
airs
Foreign
St.
58 E. 68
NY 100
106. John W. annon, Jr.
Presid t
Trust Co.
Bank
280 ark Ave.
NY
107. Richar V. Adams
Exec. P
Che cal Bk
20 me St.
NY 10005
108. Alan Gr nspan
One NY laza
NY 10 4
109. H.B. Mas er

.0•111,

- erbert Evers
Exec. VP
r:.arine M
140 Br dway
5
NY 1

79.

rs.

Hartman

Bk
80.

Jerry Ja

sen

1-44

70.

71.

Ernest Blo
Professor/if Finance
NYU
Hall
737 Ti
Washin 6on Square
NY 10
hy
James P. M
Exec. VP
Bankers Assoc.
NY St
xington Ave.
485
NY 0017

u
81.

ie
Gerald M.
Exec. Dire or
Relations
Governmen
ankers Assoc.
American
1120 Co ecticut Ave.NW
Washin on, DC 20036

82.

Alvin R. Kracht
Sr. VP
E.T. Howard Company, Inc.
Advertising
850 Third Avenue
NY 10022

72.

son
Elvis L.
Chair
National Bk of Dallas
Fir

73.

Marie RoJe
ed Nations Plaza
860U
017
NY

83.

Reginald

. Jones

74.

G.H. Willis

84.

Burton

Malkiel

75.

Frank Tama

85.

James J. fiackara

76.

Bill Ryri
IMF/IBRD
British mbassy
on, DC
Washi

86.

Dr. Tzi

87.

Jane Enge

88.

Sheldon Sohen

77.

Charles Simo
Solomon Br ners
1 NY Plaz

78.

James D. Wolfensohn

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Federal Reserve Bank of St. Louis

(Nicholas A.)

41 •

119.

N. Leon d Jarvis
Sr. VP
Shear on Hayden Stone Inc.
44
11 St.
NY 0005

120.

Edward E Shea
Chairma
Reichh d Chemicals Inc.
525
rth Broadway
Whi
Plains, NY 10603

121.

M.S. Wig nton
Ghairma
Genesc Retirement Trust
Nashvi le, TN 37202
/

122.

Jack F. Bennett

123.

William
. Salomon
40e0,
One NY laza
NY 1
4

124.

Tilford

Gaines

125.

Jerome H.

olland

David V. Andr
President
The Fidelit Trust Co.
St.
129 Atlant
onn. 06904
Stamford

126.

John T. Con
Chairman
Allied Ch ical Corp.
P.O. Box 000R,
Morristo n, NJ 07960

J.B. Flay
Chairman
d CEO
Singer
30 Ro efeller Plaza
NY 1 20

127.

lan
Mark N.
Preside
Engelh d
Mine ls & Chemicals Corp.
1221 ve of the Americas
NY
020

128.

Ben F. ove
Chair n & CEO
Texa Commerce Bancshares, Inc.
P.0 Box 2558
Ho ton, Texas 77001

110.

mon
Peter J. S
Deputy Ma r
The city f New York
the Mayor
Office
NY 100

111.

Michael J

112.

. Schlosser,
i
Herber
Exec.
RCA
30 Roc efeller Plaza
NY 10 0

113.

114.

115.

116.

117.

118.

olk, MD

Jesse Wer r
Chairman
CEO
GAF Cor
140 W. 1st St.
NY 100 0
an
Eugene J. Sh
Exec. CP
11, Inc.
Lasser Mar
Internati al & Domestic
rket Service
Money
76 Will m St.
NY 100

Charles Agee tkins
General Pa ner
The Secur ies Group
375 Par Ave.
NY 100
cKinney, Jr.
George W
Sr. VP
Irving rust Co.
One W 1 St.
5
NY 1

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Federal Reserve Bank of St. Louis

129.

Alan Wm. Wo

130.

Rupert Warr

131.

Edward N.
Chairman
icam Inc.
Young &
285 Ma
on Ave
NY 10

132.

133.

A.L. Git w
Dean
NYU
Tisch all
Washi ton Square
NY l003
Arthu

135.

Joseph A. Pec an
Director of
onomic Studies
The Brooki s Institution
1775 Mass husetts Ave,NW
Washingt
DC 20036

137.

138.

Czerwinski
Henry
1st
FRB ansas City

140.

Mrs. Nancy M. Jarman

141.

Rawleigh

142.

ahey, Jr.
Joseph F
Chairma ..nd President
State
tional Bk of Conn.
Bridsort, Conn. 06604

143.

Mark H.
es
President
FRB Min apolis
1
,t
W/

144.

Geo e W. Mitchell
it
B/

145.

H.I. Ode
Exec. D ector
Amend -Swiss Assoc, Inc.
60 E
2nd St.
NY 1 17

146.

Edward
Schmults
White
Case
14 Wat St.
NY 1
5

147.

Lillian
Cooley
Admini rative Officer
Resea
Dept.
IMF
Was ngton, DC 20431

148.

Robert C. edwick, D.B.A.
Fairleig Dickinson University
Teaneck NY 07666

149.

Theodore . Silbert
Chairma
Sterli
National Bank & T/C
540 M ison Ave.
NY 10 22

Orson H. Ha

134.

136.

139.

evitt

Nicholas L.
Chairman
Deak-Per
29 Broa
NY 100
Gerald

Gould

L.F. Boker oyle
Exec. VP
Fiduciar Trust Co. of NY
Two Wor d Trade Center
NY 100

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Federal Reserve Bank of St. Louis

arner, Jr.

150. Maurice Acers, President
Acers Investment Co.
5920 Sherry Lane
Dallas, Texas 75225
151. Stephen F. Temmer
President
Gotham Audio Corp.
741 Washington, St.
NY 10014
152. I.A. Long
Chairman and CEO
Southwest Bank
Kingshighway at Southwest
St. Louis, Missouri 63139
153. Robert P. Ulin
Vice Chairman
Mobil Corporation
150 E. 42nd St.
NY 10017
154. Guy N. Duc -rme
Presiden
Windsor ife Insurance
erica
Co. o
e of the Americas
1180
NY 10 6
155. P. Malozemo f
d CEO
Chairman
e.
300 Park
NY 10022
156. Frank W. •Ch
Brown B thers Harriman & Co.
59 Wal St.
NY 10 5
157. Paul A. Schosbera
President
Savings Association League
of NY State
700 White Plains Road
Scarsdale,' NY 10583
158. H. Russell Johnson
Chairman
The Oneida National Bank
& T/C of Central NY
Utica, NY

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Federal Reserve Bank of St. Louis

159.

Charles S. Sanford, Jr.
Exec. CP
Bankers Trust Co.
280 Park Ave.
NY

160.

Walter A. Slowinski
Baker & McKenzie
Attorneys at Law
815 Connecticut Ave NW
Washington, DC 20006

161.

Maurits E. Edersheim
Deputy Chairman
Drexel Burnham Lambert,
60 Broad St.
NY 10004

162.

John P. Ma1one!7
d CEO
Chairman
uaranty National Bank
Deposi
One
posit Guaranty Plaza
son, Mississippe 39201

163.

J.A.Elkins, Jr.
Chairman
First City Bancorporation
of Texas, Inc.
1001 Main St.
Houston, Texas 77001

164.

Edward K. Smith
Senior Economic Consultant
Brimmer & Co., Inc.
1201 Connecticut Ave., NW
Suite 916

Washington, DC 20036
165.

Robert Gerald Livingston
The German Marshall Fund of
the U.S.
11 Dupont Circle, NW
Washington, DC. 20036

166.

Bill Zentz
Huntington Bancshares Inc.
17 South High St.
Columbus, Ohio 43215

167.

168.

169.

Paul W. McCracken
Graduate School of
Business Admin.
The University of Michigan
Ann Arbor, Michigan 48109
Edward K. Hamilton
President
Hamilton-Rabinovitz, Inc.
3345 Wilshire Blvd.
Suite 402
Los Angeles, CA 90010
Shelby Cullom Davis
Chairman
Shelby Cullom Davis & Co.
70 Pine St.
NY 10005

176.

Rene No 1
Dean 'tter Reynolds & :ce1
ickell Ave.
700
Fl. 33131
Miam

177.

and
Donald Cast
Ray Tyma
o National Bk
The Ont
Clifto Springs, NY 14456

178.

Berndt Von taeden
Ambassado of the
Federal epublic of
Ger fly

179.

Daniel J

ghton

170.

Edward I. O'Brien
President
Securities Industry Assoc.
20 Broad St.
NY 10005

180.

ton
Lewis T. P
President
ranty Trust Co.
Morgan
23 Wal
t
NY 10'5

171.

David Klein
Exec. Director
The American Council on
Germany
680 Fifth Ave.
NY 10019

181.

Richard Helms

182.

Ernest H. Weinwurm

183.

Frank P. M rphy
Manager-E onomic Research
ectric Co.
General
Conn. 06431
Fairfie

George P. Nicoletopoulos
Acting General Counsel
IMF
Washington, DC 20431

184.

hiff
John M.
others Kuhn Leob, Inc.
Lehman
One Wi jam St.
NY 100 4

Woodward Kingman, Exec. VP
Crocker National Bk
111 Sutter St.
San Francisco, CA 94104

185.

Mary 0. Yates
Co--Producer
Face The Nation
CBS News
2020 M Street, N.W.
Washington, DC 20236

Ernest H. Slaybaugh
Governor
Rotary International
39 Alden Court
Scarsdale, NY 10583

186.

Peter G. Peterson
Chairman
Lehman Brothers Kuhn Leon
One William St.
NY 10004

172.

173.

174.

175.

Harold S.Aompton

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Federal Reserve Bank of St. Louis

- 10 -

187.

188.

Adam C. Heck
Vice Chairman
Chase Manhattan Mortgage
and Realty Trust
307 Falmouth Road
Hyannis, Mass. 02601
Stuart McC
President
Lincoln F St Bank,NA
One Linc n First Square
NY 14643
Rochest

197. Mr. Mark T. Sh han
Director of P lic Info.
U.S. Departm t of Justice
Washington, .C. 20530
198. Mary G. Roeb ng
Chairman
The Natio 1 State Bank
08605
J
Trenton,
199. Emilio F.,ncolini
Vice Pr ident and Rep for
d Consular Affairs
U.N.
The C •se Manhattan Bk
1 Ch .e Plaza
NY 1 015

189.

John Adl

190.

aats
Elmer B.
Comptroll r General of
the U.S
Washingt n, DC 20548

200. Arthur J. Roth pf
Hogan & Harts
815 Connecti t Ave.
Washington, C 20006

191.

Donald Parvin
President and CEO
Babcock International Inc.
1616 North Fort Myer Drive
Arlington, Virginia 22209

192.

R. Heath Larry
President
National Assoc. of Manufacturers
1776 F St.NW
Washington, DC 20006

inn
201. Frank C.P. M
VP
Western Sav gs Bank
The Wester. Saving Fund Society
of Phil. elphia
Broad & C estnut Streets
Philadelf, ia, Pa. 19107

193.

194.

,CPA
Stanley Mer
ompany
Merves a
F. Kennedy Blvd.
1617 Jo
Phila phia, Pennsylvania 19103
Mr. Tom St

Freund

195.

Mr. Willias C

196.

Jeanmaxime Leveque
Chairman
Francial Credit
Commercial De France

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Federal Reserve Bank of St. Louis

ephard
202. Geoffrey C.
Government Affairs
Staff VP INA Corpor ion
1600 Arch treet
Philadelp ia, Pa. 19101
203. Curtis J.
Curtis J.
745 Fift
NY 1002

ter
oxter, Inc.
ve.

204. George C mpion
Chairma
Development Council
Econom
of N C, Inc.
260 M dison Ave
NY 1'1l6
205. Frank W. Schi
and Chief Econ.
Vice Preside
Economic Develop.
Committee f
1700 K Str t NW
DC 20006
Washingtor

11 -

206.

Donald L. R
President
Holding
Assoc. of
Compani
730 Fifte th St., N.W.
D.C. 20005
Washingt

207. Charles Moe er, Jr. Ph.D.
Sr. VP and conomist
Metropoli n Life
One Madi n Ave.
NY 1001
208.

215.

Dennis eatherstone
Morga Guaranty T/C
23 W 1 St.
015
NY

216.

Elsey
George
t
Presid
Amen i n Red Cross
Nat nal Headquarters
Wa ington, DC 20006

217.

J. Burke Kn p
Internatio 1 Bank for
Reconstr tion and Development
Internat nal Development Assoc.
Washing n, DC 20433

218.

Gordon S. Mack
President
of Securities
National Asso
Dealers, I
.W.
1735 K St.
Washington DC 20006

219.

Toni House
President
The Washington Press Club
505 National Press Bldg.
Washington, D.C. 20045

220.

ins
James H.
Chairman
Mellon B k, NA
uare
Mellon
gh, Pennsylvania
Pitts

T.C. Bry

rector
209. Seung H. Kim,
Saint Louis U versity
School of Bu ness and
Administrate
Director of rogram and
Research lanning
3674 Lind 1 Blvd.
St. Louis Missouri 63108
rown, Jr.
210. R. Mannin
Chairman
NY Life nsurance Co.
51 Mad on Ave.
NY 10 0
LaRoche
211. Marie Elaine
Morgan Stan y & Co., Inc.
the Americas
1251 Ave.
NY 10020

221.

Leon T. Ke all
Presiden
Mortgag Guaranty Insurance Corp
MGIC P za
Milwa ee, Wisconsin 532C1

222.

Donald

223.

Dan A. Colussy
President
Pan American World Airways, Inc.
Pan Am Bldg.
NY 10017

212. Sam Cross
IMF
700 19t St., N.W.
Washin on, D.C. 20431
213. Saul B. K man
Preside
Assoc. of
Nation
Mutua Savings Banks
200 P k Ave.
NY 1 17
Wei nbaum
214. Murray L.
Director
e Study
Center for
of America Business
Washington niversity
Box 1208
St. Louis, Missouri 63130

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

15230

msfeld

- 12 -

atyn
feller Plaza

224.

Flex G.
One Roc
NY 100

225.

er
Lawrence E. Kr
st
Exec. VP-Econ
tate Bank
Conference o
Supervisor
1015 Eighte th St., NW
Washington DC 20036

226.

Carter H. G.. -mbe
Colembe As ciates, Inc.
1800 M St. NW
Suite 900
20036
Washingt

0°r
)

Herman

227.

Jonathan

228.

Cecil J. Olm ead
Vice Presid t
Texaco, In
20000 Wes hester Ave.
White P1 ns, NY 10650

229.

Peter M. Tow
Canada
Ambassador
Canadian E assy
1746 Massa usetts Ave., N.W.
WashingtorjD.C. 20036

234. Mr. Joh K. Tabor
Purcel & Nelson
St., NW
1776
Wash .gton, DC 20006
11
235. Avery W.
Presiden
Avery W Hall Insurance Ac-ency,In
110 N. ivision St.
Sails ry, Maryland 21801
236. Mr. John Volpe

237. Paulo Pereir Lira
President
Banco Cenjral De Brasil

238. David Iba
Secretar
Finance & Public Credit
Mexico, Mexico City DF
Gov't.
239. Harold and Diane Lever

240. John D. Wilson
Chase Manhattan Bank
One Chase Manhattan Plaza
NY

230.

Robert R. Nat n
n Associates, Inc.
Robert R. Na
NW
1200 18th S
Washington, DC 20036

241. Eugene Birnbaum
First National Bank of Chicago
Chicago, Illinois

231.

Sol M. Lino tz
Coudert Br. hers
One Farra t Square South
DC 20006
Washingto

242. Mr. Srnia Buford
Pres ent
Freedom National Bk of NY
275 W 125th St.

232.

William Nel

233.

l
Leslie C. PeaoOck
Vice Chairman
Texas Commerce Bancshares, Inc.
P.O. Box 255E
Houston, Texas 77001

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

n Turpin
243. Walter

244. William

nnenberg

. Treiber

- 13 -

245.

Alfred Hay
Chairman
ley International, Inc.
Morgan S
1251 Ave 'e of the Americas
NY 1002

246.

A.W. Clausen
President
ca National
Bank of Am
Trust and, avings Assoc.
San Franc co, CA. 94137

247.

Douglas

248.

Beryl W. Spri el
Exec VP-Econo 1st
Harris Bank
111 West Mo oe St.
Chicago, I inois 60690

249.

250.

illon

Morris D. rawford, Jr.
Chairman
Savings Bk
The Bowe
nd St.
110 E.
NY 10•7
Walter W. Hler
Regents' P fessor of Economics
f Economics
Departmen
Universit of Minnesota
271 19th ve., South
Minneap., is, Minnesota 55455

254.

fmann
Howard C. K
xxon
President
1251 Ave of the Americas
NY 1002

255.

Abraham D.
Chairman
T/C
UMB Bank a
Center
Rockefell
630 Fift Ave
NY 1002

256.

Elmer M. Han
Exec. VP-Teasurer
The Bowery/Savings Bk
110 E. Td. St
NY 1001

257.

John Die
The Die id Group, Inc.
Ave
430 Pa
NY 10' 2

258.

Lewis R

259.

Meline Le L -vre
AVP
Singer, Inc.
Butcher
30 Broa St.
NY 100'4

260.

Mr. Lewis W. F4
Chairman
Bethlehem S eel, Corp.
Bethlehem, ennsylvania
4
)

251.

252.

253.

Jean M. LindVerg
Vice Presidiat
ck Consulting
George B.
Agency, nc.
2 Pennsy ania Plaza
NY 1000
Thomas Ostrim Enders
Ambassado of the USA
the U.S.
Embassy
Ottawa, anada
Robert Van Bun
Chairman
Midlantic N ional Bk
744 Broad S .
Newark, NJ 07101

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

18016

261.

Mr. Woody Boatner

262.

Mr. Richard

263.

Mr. R.A. Barr
1/11't
Controller
Ford Parts and Service Div.
Ford Motor Co.
3000 Schaefer Rd.
P.O. Box 1902
Dearborn Michigan 48121

Steinkarm

- 14 -

hook

264.

Mr. R. MacI 'osh
ova Scotia
The Bank o
ada
Toronto,

274.

Terence

265.

Fredy Fisc
Bracken Hose
Cannon S eet
C4P 4BY
London
Englan

275.

Bradford lills
Chairm
Ventures Ltd.
Bradfo
10 Ro efeller Plaza
NY 1 20

266.

Richard B.

276.

Jerome P. Keuper
President
Florida Institute of Technology
Melbourne, Florida 32901

277.

Palmer T nheim
Sr. VP
The C se Manhattan Bank
1 Ch e Plaza
015
NY

278.

Whitman
Marina v
Faculty f Arts andSciences
Univer ty of Pittsburgh
rgh, Pa. 15260
Pitt

279.

Al Abrams

280.

?bilchrest
Marjorie
113 East ake Drive
Lehigh cres, Florida 33936

281.

f Dahrendorf
Professor
Director
School of Economics
The Lond
and P itical Science
y of London
Univer
Street
Hough
WC2A 2AE
Londo
D
ENG

282.

Howard Lf Clark

267.

268,

269.

270.

Sylvia P

John H.

einkamp

er Fox

John B.M. P1
President
Crocker Na onal Bank
One Montgo ery Street
San Franc co, CA 94104
K.E. Buhrm ter
Chairman
1st Nati al Bank ofScotia
e
Mohawk
Y
Scotia

271.

Richard W. Couper
President & CEO
The NY Public Library
Fifth Ave. at 42 St
NY 10016

272.

William Pannill
Pannill and Hooper
1100 Milam Building
Suite 580
Houston, Texas 77002

273.

Frank H.
Chairman
Dominion
P.O. Box
Commerce
Toronto,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Logan
Securities
21
Court South
Canada M5L 1A7

15 233.

Maieline

McWhinney

284. Merlyn N. Tru
The Brooking
nstitution
1775 Massach setts Ave.
Washington, C 20036
285. Robert T. Qu. meyer
President
Amstar Cor ration
of the Americas
1251 Aven
NY 10020
286. Mrs. Clifto

dberry
294. G. Robert
Vice Pres ent
Director fPublic Affairs
tional Bk & Trust Co.
Fourth
1090
P.O. B
Kansas 67201
Aichit
rpenhuijsen Rom
295. W.E. S
Chairm
Neder ndsche Middenstandsbank
Amst dam

Bruce

287, James D. Ronson, III
Chairman
American cpress Company
American xpress Plaza
NY 1000
288. John V. Dea r
Manager
Economics Oepartment
Ford Motor Company
The American Road
Dearbory, Michigan 48121
289. William S. Ca el, Jr.
Vice Chairman
American Telephone and
Teleg ph Co.
195 Bro way
NY 100
290. Edward W. Dt4tfy
Chairman
Marine Mi and Bank
One MarinW Midland Center
Buffalo,)NY 145#1b
291.

293. Guy E. Noy

ngs
296. J.H. Je
Director
Managi
MAIBL
26 T ogmorton Street
Lon. n EC2
ENG ND
297. Fritz S

298. Albert P. Sta

erman

299. Paul Mlntre de Loye
Ambas de De France
2011 ye Street, N.W.
Was ngton,DC 20006
300. Kevin J. jarney
Switzer

erhausen
301. Dr. Alfre
Deutsche ank AG
4000 Du 'eldorf 1
Konigs lee 45

Snyder
302. Jeanne Go

292. Paul Kolton
Chairman
Financial Acctg. Standards
Advisory Council
High Ridge Park
Stamford, Conn. 06905

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

303. Dr. Dieter iss
President
Der Lande zentralbank
Leibnizs abe 9-10
1000 Ber in 12

-16J. William Middendorf II

30L.

315. C. Harry orse
Chairma
Bank o Central Pennsylvania
Montoursville, Pa. 17754

305. Richard K. LeBlond II
316. Senator John J. Marchi

306. Mary Piderit

307. George T. Conklin, Jr.
Chairman & CEO
The Guardian Life Ins. Co
of America
201 Park Avenue South
NY 10003
308. James A. Catalano
Vice President
Marine Midland Bank
140 Broadway
NY 10015
309. Zygmunt Nagorski
The Lehrman Institute
42 E. 71st St.
NY 10021
310. Marshall H. Montgomery
New

317. William R. Dill
Dean
New York University
Graduate School of Business
Administration
100 Trinity Place, NY 10006
318. Herbert E. Johnson
SR. VP
Continental Illinois National Bk
and T/C of Chicago
Chicago, Illinois 60693
319. William B. Eagleson Jr.
ChaiLman
Girard Bank
Girard Plaza
Philadelphia, Pa 19101
320. John H. Perkins
President
American Bankers Association
1120 Connecticut Ave., N.W.
WashinVon, D.C. 20036

311. Robert F. Weinig

321. George Ga

312. Peter L. Bernstein
President
Peter L. Bernstein, Inc.
509 Madison Ave
NY 10022

322. Philip N. Brownstein
Brownstein Zeidman and Schomer
1025 Connecticut Ave, N.W.
Suite 900
Washington. D.C. 20036

313. Mary T. Collins

323. R. W. Lawson
Sr. Deputy Governor
Bank of Canada
Ottawa KlA 009
CANADA

314. J.J. Wieckowski
Exec. VP
Girard Bank
Girard Plaza
Philadelphia, Pa. 19101

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

324. Joseph F. Alibrandi
President
Whittaker Corporation
10800 Eilshire Blvd.
Los Angeles, California 90024

- 17 -

325.

John E. Horne
John E. Horne and Associates
1101 Connecticut Ave., NW
Suite 1100
Washington, DC 20036

334.

Robert H. Riley
Vice President
Chase Manhattan Bank
One Chase Plaza
NY 10015

326.

Harry P. Barrand, Jr.

335.

Dr. Fawzi El-Kaissi
Chairman
Arab American Bank
NY

327.

Michael Singer
Exec. VP
The Van Heusen Company
1290 Ave of the Americas
NY 10019

336.

• McC. Martin, Jr.
Fleming Bldg.
800 Seventeenth St., NW
Washington, DC 20006

337.

Joseph W. Barr

338.

Edwin D. Crowley
Charge d'Affaires
Embassy of the US of A
93 Jubilaeumstrasse
3005 Bern, Switzerland

339.

John R.
son
Preside
Portfo
Securities Transacations
Cor
1520 hio Savings Plaza
Cle land, Ohio 44114

340.

Mrs. George S. Franklin, Jr.

Ms. Marion K. Pinsdorf
Vice President
Textron Inc.
40 Westminister St.
Providence R.I. 02903

341.

Robert Vieispi
(Chef o /Officer Dining Rm)
254 E."8th St.
NY 10y1

Myer Rashish
Consulting Economist
818 Connecticut Ave., N.W.
Washington, DC. 20006

342.

328.

Richard A. Debs
President
Morgan Stanley International
1251 Ave of the Americas
NY 10020

329.

William B.

330.

Nathaniel M. McKitterick
Consulta 1
1835 K S
N.W.
Suite 300
Washington, DC 20006

331.

332.

333.

ummer

Roger E. Anderson
Chairman
Continental Illinois National
Bk and T/C of Chicago
Chicago, Illinois 60693

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Rex Beach
Vice Presi nt
Wells Far
Bk
420 Mon ornery St.
San Fr cisco, California 94144

- 18 -

343.

William Diebol

352.

344.

Robert A. Je
Member of t
Credit Sui
8021 Suni
Switzerl d

David MacE
ron
Exec. Dir tor
Japan S. lety Inc.
7th St.
333 E
NY l''17
#

353.

Professor Dr. Otto L. Walter
870 UN Plaza
NY 104V7

354.

Joseph N. G ene, Jr.
President
Seven Sp ngs Center
Mount K. co, NY 10549

355.

Frank A. Weber
Vice Chairman of the Board
Nationalemmunity Bank

r
Exec. Board

345.

George F. Ri
Asst. Secy
Chemical B
Ave
940 Madis
NY 10021

346.

n
John J. Hutchi
President
of
National Ass
Federal Cr d t Uniont
P.O. Box 37
Washington DC 20007

347.

348.

349.

350.

351.

Robert L. Joss
Sr. VP
lAells Fargo Ba
464 Califor a St.,
San Francis o, California 94144
Guido Goldman
Harvard University
Center for European Studies
5 Bryant St.
Cambridge Massachusetts 02138

356.

357.

358.

. *
George R. Gol
Photographers
Internation
432 Whitta r Ave.
Trenton, NJ 08611
Jay E. Meil
President
Molded Di nsions, Inc.
Road
701 Sun
Port Wa ington, Wisconsin 53074
;
P.S. Mira4to
Burrough torporation
Detroit ichigan 48232

359.
William R. Srant
President
MacKay-S elds Financial Corp.
551 Fif
Ave
NY 1001

Fritz Ma
up
Departm
of Economics
Prince r n University
Princ on, NJ 08540

360.

Robert D. Carabell
Chairman
Newsweek
444 Madis
Ave
NY 10022

Enslow
Robert
Vice Pr s. & Manager
National Bk
Crock
1 Mon ornery St.
ancisco, CA. 04104
San

361.

George H. Dixon
President
First Bank Sys em, Inc.
Minneapolis,
nnesota 55480

Joel S. Ehrenkranz
Ehrenkranz, Enrenkranz & Schultz
375 Park Ave
NY 11022

362.

Arthur M.
hardson
CEO
President
State Corp.
Security
One Eas
ve
Roches r, NY 14604

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

- 19 -

363.

William J. Shepherd
President & CEO
Horizon Banc p
334 Madison
e.
Morristown,d
07960

372.

Kai Jacob Klasen
Abtellungs-Direktor in der
Bank fur Handel und Industrie AG
Uhlandstrabe 9-11
1000 Berlin 12

364.

Henry B.
att
Presiden
Tiffany. Co.
Fifth A e. & 57th St.
NY l002

373.

365.

W.D. Eberlg
The Pilot/House at Lewis Wharf
Boston,M s. 02110

Akira Kaya
Director
World Bank Tokyo Office
Kokusai Bldg.
Room 908
1-1 Marunouchi 3-Chome,
Chiyoda-ku
Tokyo 100, Japan

374.
366.

William D. R ers
Arnold & Po er
1229 Ninete nth St., NW
Washington DC 20036
)
15
Gary H. Ste
A. Gary Shi ling & Co., Inc.
111 Broadw
NY 10006

John E. Sheehan
Chairman
Reading Industries Inc.
P.O. Box 126
Reading, PA. 19603

375.

James M. Beggs, Exec. VP
General Dynamics Corp.
Pierre Laclede Center
St. Louis, Missouri 63105

David E. Bodner
Sr. VP
Chemical Bank
20 Pine St.
NY 10005

376.

Pat Woolf
The Institute for Advanced Study
Princeton, NJ 08540

369.

James L.

eedham

377.

Mildred A. Bux

37:.

Paul Halli •ly, Jr.
Vice Chal an
Merrill jnch Pierce Fenner
& Smith Inc.
One Lib rty Plaza
165 Br adway
NY l0S0

378.

Frank J. Hoenemeyer
Exec. VP
The Prudential Ins. Co. of America
Prudential Plaza
Newark, NJ 07101

379.

J. Carter Brown
Director
National Gallery of Art
Washington, DC 20565

380.

Thomas L. Farmer

367.

368.

371.

Anthony T
Chairman
Barclays Bank Limited
54 Lombard Street
London EC3P 3AH
ENGLAND

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

- 20 -

381.

Stewart B. McKinney, M.C.
Congress of the U.S.
House of Representatives
Washington, DC 20515

382.

Dudley H. Mills

392.

James 0' eary
Vice Ch 'rman of the Board
United tates Trust Co.
45 Wa
St
NY 10 05

393.

James C. Fletcher
Federal and Special Systems
Group
Burroughs Corporation
7726 Old Springhouse Road
McLean, Virginia 22102

383.

Julio Cesar Perez
The Secy of the Treasury
of Puerto Rico

384.

Robert B. MacDonald
President
State Bank of Chittenango
Chittenango, NY 13037

394.

Donald H. Streett
President
Princeton Club of St. Louis
St. Louis, Missouri

385.

Robert P. Fechtel
Exec. VP
Central Penn National Bank
Philadelphia, PA. 19103

395.

Capt. James S.C. Chao
President
Foremost Maritime Corp.
32 Broadway
NY 10004

386.

Walter S. Salant
396.

Bernard Norwood
Principal Associatethat
Robert R. Nathan Associates,Inc
1200 Eighteenth St., NW
Washington, DC 20036

397.

M.F. Strong
NZL Resources, Inc.
5025 East Washington Street
Phoenix, Arizona 85034

398.

Samuel I. Katz, Director
Bankers Forum
Georgetown University
Washington, D.C. 20057

399.

Milton Friedman
Capitaf
Ely, Vermont 05044

400.

Raymond F. Sabatella, Jr.
President
Danbury Bank and Trust Co.
342 Main St.
Connecticut 06810

387.

Richard L. Thomas
President
The First National Bank of Chicago
Chicago, Illinois

388.

Murray Kyger

389.

Richard Nixon

390.

C. Coleman McGehee
Chairman
First & Merchants Corporation
F&M Center
12th and Main Streets
Richmond, Virginia 23261

391.

Beatrice & Merritt Sherman

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

- 21 -

401.

402.

Murray E. Polakoff
Provost
University of Maryland
College Park, Maryland

411.

nilliam B. Webber
Viee Chairman
Lincoln First Bk N.A.
One Lincoln First Square
Rochester, NY 14643

412.

Thomas H. Bennett

413.

Frazar B. Wilde
Chairman Emeritus
Connecticut General Life Ins.
Company
Hartford, Conn. 06152

414.

Masaru Hayami
Exec. Director
The Bank of Japan
CPO Box 203
Tokyo 100-91
JAPAN

415.

Matthew J. Marks
Wender, Murase & White
1800 M Street NW
Suite 675
Washington, DC 20036

20742

Austin S. Murphy
Chairman & President
East River Savings Bank
26 Cortlandt St.
NY 10007

403.

Thibaut de Saint Phalle
Board of Directors
Export-Import Bank of the U.S.
Washington, DC 20571

404.

Roger A. Lyon
President
Valley National Bank
P.O. Box 71
Phoeniz, Arizona 85001

405.

Wallace Ely, Chairman
Security NY State Corporation
9-A North Main St.
Pittsford, NY 14534

406.

David R. Tillinghast

407.

Walter J. Stoessel, Jr.
Embassy of the US of America
Bonn, Germany

Cates

Mr. Willia

417.

on Bloch
Mr. Henry
Adjunct P fessor of Law and
Interna onal Affairs
Columb. University
NY

408.

Francis H. Schott
VP and Chief Economist
The Equitable Life Assurance Society
of the U.S.
1285 Avenue of the Americas
NY 10019

409.

Hartmut Schulze-Boysen
The Consul General of the
Federal Republic of Germany

410.

Frank E. Morris
President
FRB Boston

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

416.

- 22 -

418. Ms. Jun

. Wood

Webster
419. Mr. Donald
VP
AMF Incorporated
Gov't. Relations
reet, NW
1701 K
Washin on DC 20006
utte
420. Raymond Van
President
Tompkinslipunty T/C
Ithaca,
owbridge
421. Alexander B.
Vice Chairm
cal Corp.
Allied Ch
P.O. Box 3 0
07960
Morristow
422. Ralph S. S

429.

Char s R. Frank. Jr.
Sal on Brothers
Plaza
1
NY 0004

431.

Step en D. Cohen
I(
/

432.

433.

435.

ar A. Pash
436,

425. P.C.D. Namb
Chairman
State Ban of India
Bombay
426. Donald W. M4Olarty, Jr.
1st VP
FRB St. Louis
St. Louis/ Missouri 63166

437.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

hy M. Blakey

Earle

*
. Anderson

*
Willis W. Alexander
Exec. VP ,
Bankers Association
Americ
nn., Ave., NW
1120
Washi gton, DC 20036
(
41
Thomas M. Timlen
First VP
FRBNY
4
Sus n C. Young
FRBiY

438.

Charles Hambro

439.

K.N. Dayton
Dayton Hudson Corp.
777 Nicollet Mall
Minneapolis, Minn. 54402

440.

G. Peter Fleck
New Court Securities Corp.
One Rockefeller Plaza
NY 10020

427. Raymond Ja ow
ie Economist
Sr. VP &
nia Bank
United Ca
CA 90051
Los Ange
428. Paul Han

Dor

lman

4
ne
bour
Shel
ip
423. Phil
Chairman
Samuel Mon agu & Co. Ltd.
114 Old Bijad St.
London

Shield Inc.

430.

434.

424. Mr. & Mrs. E

Hague
Robert
1st VP
Bache alsey Stuart
Bachr Plaza
100 old St.
NY 0038

441.

Carlos Massad
President
Banco De Talca
Santiago, Chile

450.

Shijuro Ogata
Director
Foreign Dept.
The Bank of Japan
CPO Box 203
Tokyo, 100-91
JAPAN

451.

John C. Whitehead
Sr. Partner
Goldman Sachs & Co.
55 Broad St
NY 10004

452.

Geoff

453.

James D. Robinson,III
Chairman
American Express Co.
oelecan Ex ress Plaza
NY 0004

een
t
'iii....Ntinl Ek
a, NY
443.

444.

445.

446.

447.

448.

449.

12020

Francis 0. Wilcox
Director General
The Atlantic Council of the
United States
1616 H St., NW
Washington DC 20006
Theodore M. McClure
President
The Citizens National Bk
and T/C
Wellsville, NY 14895
Gene E. Bradley
Chairman
International Management
and Development Institute
Watergate Office Bldg.
Suite 905
2600 Virginia Ave, NW
Washington DC 20037

454.

Ernest

455.

ey
Dixon Donn
The Atlan c Council of the US
eet„NW
1616 H
Washin on, DC 20006

456.

Dorot y

457.

Robert McLellan
Vice President
FMC Cor oration
200 E
Randolph Drive
Chica , I inois 60601

458.

Mr. R.T.

Maurice R. Forman

Alfred F. Miossi
Exec. VP
Continental Bank
Chicago, Illinois

60693

J. Bruce Llewellyn
President
Overseas Private Investment Corp.
1129 20th St.NW
Washington, DC 20527
James C. Patchias
Dean
Adelphi University Schools
of Business
Garden City, LI, NY 11530

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Hale

Oppenheimer, Ph.D.

chenberger

wack, M.E.,P.E.

- 24 -

459.

Ms. Donna Zilkha

469.

'ii
460.

Joseph Gold, Gen. Counsel
IMF
700/th St.,NW
Wash ngton, DC 20431

Alan B. Wade
US Leagu of Savgs. Assoc.
1709 NY ve., NW
Washing on, D.C. 20006

470.

William S Gavitt, President
Lyons N ional Bank
Lyons,/
Y 14489
,

471.

Jam

472.

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461.

462.

463.

H.J.
Gen. Manager
Central Monetary Authority
of
Suva, Fiji
Bob Taylor

.;
Herbert Stein
Sr. Fellow f
American Enterprise Inst.
for Public Policy Research
1150 Seventeenth St., N.W.
Washing on, DC 20036

E. Gardner

d Fox

Deerfield Beach, Florida 33441
473.

Secor D. Browne
Secor D. Browne Associates, Inc.
602 Ring Bldg.
Washington, DC 20036

474.

Charle

G. Blaine

464.

Elmer . Staats
Comptrolle Gen. of the US
Washingto
DC 20548

475.

Kevin Kearney

465.

Elsa Lampe Rokson

476.

Ernest T. Baughman, President
FRB Dallas

,1
Hart Perry
Energy Assets International
Corp.
405 Lexington Ave
NY 10017

477.

Jerome M. Pollack
President
Fairleigh Dickinson University
Rutherford, NY 07070

478.

Gordon Pepper

479.

Maurice R. Greenberg, President
American International Group,Inc.
70 Pine Street
NY 10005

480.

David Fand
Professor of Economics
Wayne State University
Detroit, Michigan 48202

466.

467.

468.

George A. Johannessen
Director
California Tomato Research
Institute, Inc.
1757 Barc lona Ste
Livermor
California 94550
Robert L. James, VP
Bank of America National Trust
and Svgs. Assoc.
1800 K St., NW
Washington, ric. 20006

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

- 25 -

481.

James G. Wilson
Sr. VP & Manager of
Investment Department
Equibank, N.A.
Oliver Plaza
Pittsburgh, Pa. 15222

491.

Franz H. Ulrich
Chairman of the Supervisory
Board
Deutsche Bank AG
Konigsallee 45
D-4000 Dusseldorf

482.

Dr. Wolfgang Erndl
Vorsitzender des Vorstandes
der Osterreichischen Landerbank
A-1011 Wien
Am Hof 2

492.

H. Simonet
Ministere Des Affaires
Etrangeres
1000 Bruxelles
Rue Des Quartre-Bras 2

483.

Aharon Meir
Managing Director
United Mizrahi Bank, Ltd.
48 Lilienblum St.,
Tel-Aviv, Israel

493,,

Yoshitada Uchiyama
Managing Director
The Industrial Bank of Japan
Maru ouchi, Tokyo
JAPMI

484.

Marty Miller

494.

485.

Phillip Todd

M.G.R. Andberg
Chairman
Hong ng and Shanghai Bkng. Co
Box 4 GPO Hong Kong
CHI,
A
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495.

Janos F ete
Deputy president
Natio 1 Bk of Hungary
Buda, st
HUNGARY

496.

Arthur M. Weimer
Consulting Economist
US Lea e of Savings Assocs.
1709
Avenue, NW
Wash gton, DC 20006

497.

John How d
Treasur
Embassy of Australia
c/o Office of the Minister
1601
ssachusetts Ave.
Washi gton, D.C. 20036

498.

486.

487.

Marshall Burkes
International Finance Corp.
1818 H Street, NW
Washington, DC 20433
Willard S. Boothby, Jr.
Chairman
Blyth Eastman Dillon & Co.
1221 Ave of the Americas
NY 10020

488.

Fernao Carlos Botelho Bracher
Av. Paulista, 1.415,9 andar
CEP 01311-Sao Paulo, SP

489.

Daniel Sugarman
c/o Collingwood Hotel
45 West 35th St.
NY 10001

490.

Charles L. Brown
Chairman
American Telephone & Telegraph Co.
195 Broadway
NY 10007

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

499.

411111111

- 26 -

500.

A. Robert Abboud
Chairman
ational Bank of
The
Chicag
Illinois
ago Jltr
ChicFirs
e

501.

David C. Mel coff
Exec. VP
Savings Fund Society
Philadelph
1212 Mark t St.
Philadelphia, PA. 19107

502.

Dr. Lowell H

Robert N. Bee
Managing Director and Chief
Exec. Officer
London Interstate Bank Ltd.
Bastion House
140 London Wall
London EC2Y 5DN
Englind

510.

William A. Schreyer
Presiden/
Merrill ynch
One Lib rty Plaza
NY 1010

511.

Oakley Hunter
Chairtkn & President
Federal Nat. Mortgage Assoc.
3900 Wisconsin Ave., NW
Washington, DC 20016

512.

Willia/M. Batten
Chairman & CEO
NY Stock Exchange
11 all St
NY 0005

513.

John E. Leslie
Chairman of the Policy Comte.
Bache Group Inc.
10 Gold St.
NY 10038

514.

Corett Scott King, President
The M tin Luther King Jr. Center
fo Social Change
30312
Atl nta, Ge rgia

515.

Walter A Behan
SR. VP
Reed Saw Stenhouse
88 Pi .e St.
NY l'005

riss

503.

Herman Liebling

504.

JB. Claws
Assistan Secy General
Customs o-operation Council
Cuscoo o Brussels
BELGIU

505.

Yu A. Ivanov
Bank for Foreign Trade
of the USSR
3/5, Kopievski Lane, Moscow
USSR

506.

Matya's T
Preside
Bank of Hungary
Nation
Budape t
Hunga

507.

Richard B. Ber
Vice Presiden
Resident Manager
Drexel Burnham Lambert
First Federal Bldg.
One Southeast Third Ave.
Miami, Florida' 33131

508.

Robert A. Gerard
Sr. VP
Dillon, Read & Co., Inc.
46 William St.
NY 10005

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

509.

- 27 -

516.

Joachim Stresemann

517.

Ron Wittreich

518.

Paul Jeanty
Deputy Chairman
Samuel Montagu & Co., Ltd.
114 Old Broad St.
London EC2P 2HY
ENGLAND

519.

Dr. Werner Ungerer
Postfach 11-48
D-5300 Bonn 1

520.

Michael Vranopoulos
General Manager
Ionian and Popular Bank
of Greece
Athens, Greece

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Federal Reserve Bank of St. Louis

CONTINENTAL BANK
CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO • CHICAGO, ILLINOIS 60693

July 26, 1979
ROGER E. ANDERSON
CHAIRMAN OF THE
BOARD OF DIRECTORS

Dear Paul:
The President could not have made a
better choice!
Your background and experience, and
the esteem in which you are held in
the financial community, both here
and abroad, give you the highest
qualifications for the Chairmanship.
I extend to you my very best wishes
for success in a very difficult
position at a very difficult time.
Siqc,rely,

The Hon. Paul Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
Federal Reserve P.O. Station
New York, New York 10045

RECEIVED
AUG

ANSWERED

ATTENDED TO,

2 1979

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Federal Reserve Bank of St. Louis

Whittakeq

Whittaker Corporation
10880 Wilshire Boulevard
Los Angeles, California 90024
213/475.9411
Joseph F. Alibrandi, President

July 26, 1979

Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
Federal Reserve Post Office Station
New York, New York 10045
Dear Paul:
Congratulations on your appointment. I'm glad they picked
somebody with tremendous stature (both physical and talent)
because that job is certainly going to require it. There has
never been a time when the challenges and problems facing
the Fed have been as huge and complex as they are right now.
It should go without saying that I not only wish you the very
best but that if there is ever any way I can assist you, please
don't hesitate to call on me.
Best personal regards,

RECEIVED
AUG

2 1979

P. A. V.
ANSWERED
ATTENDED

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CI-EMICALBANC
20 Pine Street
New York, NY 10005

Mr. Paul Volcker
President
Federal Reserve Bank
of New York
33 Liberty Street
New York, New York 10045

David E. Bodner
Senor Vice President

August 2, 1979

Dear Paul:
A slightly belated note to offer my congratulations
and best wishes on your appointment as Chairman.
I am sure you must find the voluminous praise
that has been heaped upon you and your selection
at once very satisfying but, also slightly
embarrassing. Given the brickbats that generally
go with that job, however, I don't suppose
you will have to suffer this as a long term
problem. Considering the nature of the economic
problems you are walking into, I have to say that
you have not only my best wishest but, also my
sympathy.
West best personal regards,
Yours sincerely,

LAW OFFICES

BROWNSTEIN ZEIDMAN AND SCHOMER
SUITE 900
PHILIP N. BROWNSTEIN
PHILIP F. ZEIDMAN
MORTON W. SCHOMER
PERRY C. AUSBROOK
ARTHUR I. CANTOR
DAVID M. F. LAMBERT
JOHN F. DIEN ELT
DONALD A. KAUL
DARYL A. NICKEL
KENNETH G. LORE
PETER J. KLARFELD
THOMAS C. EVANS
BARRY P. ROSENTHAL
ELEANOR R. LEWIS
DAVID J. BUTLER
MARGARET P. CRENSHAW
JOHN J. MURPHY
MARK R. DAVIS *
ARTHUR J. SALZBERG *
ANDREW BRANZ
STEPHEN B. BUTLER
SUSAN E. DUVALL
H. BRET LOWELL

TELEPHONE

1025 CONNECTICUT AVENUE, N. W.

202-457-6500

WASHINGTON, D. C. 20036
TELECOP1 ER
202-457-6573

July 25, 1979

TWX
710-8229772
CABLE ADDRESS
CAVEAT-WSH.
WRITER
'
S DIRECT DIAL NUMBER

(202) 457-6516

MELVYN N. KLEIN
OF COUNSEL
*ADMITTED IN CALIFORNIA ONLY

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Federal Reserve Bank of St. Louis

Mr. Paul A. Volker
President
Federal Reserve Bank
of New York
33 Liberty
New York, New York
Dear Paul:
The best piece of news coming from the White House
recently has been your nomination. It almost renews my
faith, or perhaps it is more apt to say it nearly makes
me a born again Carter supporter.
In any event, I wish you well in your new undertaking
and look forward to your return to Washington. Hopefully,
when the dust settles we can get together for lunch. As
you can tell, I am confident confirmation will be automatic.
Sincerely,

Philip N. Brownstein

AUG
ANSWERED
ATTENDED TO,.

21979
...... ....
.....

................

JOSEPH W. BARR

HOUYHNHNM
HUME, VIRGINIA

FARM

734 FIFTEENTH STREET, N. W., SUITE 707

22639

WASHINGTON, D. C. 20005

July 30, 1979

TELEPHONE 703/364-2482

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Federal Reserve Bank of St. Louis

The President
The White House
Washington, D. C.

TELEPHONE 202/638-7676

20500

Dear Mr. President:
Your decision to nominate Paul Volcker as Chairman of the
Federal Reserve Board is wonderful news! As one of your
early supporters and an ex-Secretary of the Treasury
(Lyndon Johnson) I can assure you that Paul is the very
best.
We served together in the Treasury in the Kennedy and Johnson
years, so I have had an opportunity to form my opinion at a
very close range. He is a skilled and highly professional
practitioner of federal finance in both its domestic and its
international application. He knows the Fed, the Treasury,
the Congress, and most of the financial leaders in the
United States and the world. His judgment is sound, and
above all, he is a wonderful human being.
You have my congratulations and my thanks on this appointment.
Faithfully yours,

Joseph

cc:

Hon. Paul Volcker
Mr. Jack Watson

Barr

FEDERAL RESERVE BANK
OF DALLAS
ERNEST T. BAUGHMAN

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PRESI DENT

DALLAS,TEXAS 75222

August 1, 1979

Dear Paul,
The worldwide response to your
nomination as Member and Chairman of the
Board of Governors brings to mind the regional response to a message carried by
another Paul, name of Revere, in another
uncertain time. Hopefully, the "rallying
of the troops" to address inflation will
be as sustained and successful as the
call to duty in that earlier time.
I wish you well and am very
pleased that you agreed to "lead the
troops". Please call on me at any time
I can be of assistance.
Sincerely,

Ernest T. Baughman
President

Mr. Paul A. Volcker
President
Federal Reserve Bank
of New York
New York, New York 10045

sm4

IVQ

9 1979
. v.
ANSWERE
ATTENDED

mr......rmaymissZEMIga

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

THOMAS H. BENNETT

August 1, 1979

Mr. Paul Volcker, President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Mr. Volcker:
Along with many bankers and other concerned
Americans who have been watching the fruits of their labor
being eaten away by an economic cancer, I hasten to send my
personal congratulations to you on being nominated to fill
the recently created vacancy of Chairman of the Federal Re.
serve System.
Fighting "inflation" must continue to be our
country's #1 effort regardless of which political party is
in control. Your statement before the Senate Banking Committee that this is your top priority is commendable and
most gratifying.
Recently, I too made a similar commitment.
The enclosed news release will provide some background information about my decision to take early retirement in order
to devote full time working on this problem, having developed
a comprehensive program which I truly believe can help us as
a nation put our economic engine back on the track. Over the
past six months, I have been visiting many businesses and
organizations to learn what programs they have, if any, and
their relative effectiveness. Unfortunately, while there is
much desire, there is too much tokenism and lack of coordination and the results of my research have convinced me even
more of the need for and the benefits of a program which I
call "Community MAP".
While you probably do not recall meeting me at
a small informal luncheon for bankers from New York's southern
tier that was held in Binghamton a year or two ago, I well remember your remarks about inflation at that time. I am now
anxious to try to go to work on this problem and am writing
to ask for your assistance by learning about the program so
that I can feel I am working with you and have your endorsement.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

After the dust of change has settled down and
you have a chance to catch your breath, I would like very much
to meet with you at your convenience to provide you with the
details about MAP and how it can help to change many of the
complaining spectators in this critical game into active participants.
Looking forward to hearing from you, and again
with congratulations and best wishes, I am
Sincerely,

Removal Notice
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VHQVLWLYHLQIRUPDWLRQLQGLJLWL]DWLRQSURMHFWVGXHWR copyright protections.

ŝƚĂƚŝŽŶ/ŶĨŽƌŵĂƚŝŽŶ
Document type: newspaper article

Pages
Removed:

Author(s):

Title:

Bennett Retires from First National

Date:

November 3, 1978

Journal:

Ithaca Journal

Volume:
URL:

Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis

https://fraser.stlouisfed.org

AT&T
American Telephone and
Telegraph Company
195 Broadway
New York, N Y 10007
212 393-1000

Charles L. Brown
Chairman of the Board

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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

HARRY P. BARRAND. JR.

Mr. Paul A. Volcker, President
The Federal qeserve Bank of New York
38 Liberty Street
New York, N. Y. 10038
Dear Paul,
The announcement of your appointment as Chairman of
the Federal 7teserve Board is most welcome in these days of
otherwise unsettling news on the national economic and
financial scenes!
I should like to add my congratulations and best wishes
to the myriad of others from your many friends and admirers.
With best regards,
Sincerely yours,

RECEIVED
/AUG 2 1979
ANSWERED,
ATTENDED

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

JACK F. BENNETT

July 27, 1979

Hon. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, N.Y. 10045
Der
Congratulations! I grieve for your pocketbook
but am encouraged for the Country's future.
These days Al Ullman is playing a large role
in my life as I suspect he will in yours in the coming
months. Audrey Ullman has prevailed upon us to cooperate
with her by becoming one of the sponsors of her efforts
to chair the first of what she hopes will become a
traditional series of events in Washington; namely, an
annual Ambassadors' Ball. She has arranged the first
of these in Washington on the evening of September 10th
at 6:30 p.m. and as a sponsor, I will be hosting one of
the tables. It is expected that either the new U.K.
Ambassador or the Saudi Ambassador, or possibly both,
will be at my table. Shirley and I would be delighted
if you and Barbara could also join us.
While the affair is dubbed "a Ball," I understand
that in fact there will be very little dancing but that
there will be some form of floor show after the food.
Best regards,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

National Gallery ofArt
Washington, D.C. 20565
Office of the Director

July 30, 1979

Dear Paul:
The best news in a long time!
Not only is the nation lucky to get you in
the job for which you are preeminently qualified,
but we are lucky, too, to have you both back in
Washington.
The National Gallery has almost doubled in
size since the days of your avuncular trusteeship,
and we look forward to having you come by.
What is more, I have been serving on the
Federal Reserve's art advisory committee for
some years now, and talked them into hiring a
professional curator, which has worked out very
well.
With warmest congratulations, and all good
wishes,
Sincere

J. Carter Brown
Director
Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
New York, New York 10045

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Federal Reserve Bank of St. Louis

Mr. Joseph

R. Coyle

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Federal Reserve Bank of St. Louis

EIANIK
140

BROADWAY • NEW

YORK, N. Y. 10015

July 31,1979.
JAMES A. CATALANO
VICE PRESIDENT

Dear Paul:
Congratulations and/or comisserations.
You certainly have your work cut out for
you; we are equally certain that you are
the one who can do the best job possible.
Keep your periscope up and beware of the
Georgia xenophobes.

Regards,

RECEIVED
4

Au(3 297
P. A. V.
.....
OWNERED........ .... ......

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Federal Reserve Bank of St. Louis

JACOB K. JAVITS
NEW YORK

2Cnifeti Zia:fez -.Senate
WASHINGTON, D.C. 20510

July 30, 1979

Dear Mr. Volcker:
I was quite thrilled to
receive the news of your appointment
as Fed Chairman. Many, many congratulations and best wishes!
Sincerely,

Mary T./ qollins

Mr. Paul A. Volcker
President
Federal Reserve Bank
of New York
33 Liberty Street
New York, New York 10045

goremcmt Maritime Corporation
32 BROADWAY
NEW YORK, N.Y. 10004

JAMES S. C. CHAO

TELEPHONE

PRESIDENT

(212) 943-2335

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

August 3, 1979

Mr. Paul A. Volcker
Chairman
Federal Reserve Board
c/o Federal Reserve Bank
of New York
33 Liberty St.
New York, N. Y. 10045
Dear Mr. Volcker:
May I have the privilege to join one of many to
extend my hearty congratulations to you on your recent
appointment.
Not only does this country but also the whole
world economy need a very strong helmsman in our Federal
Reserve Board. The entire world is grateful and encouraged
by your accepting this new assignment. You deserve all the
credit.
Personally, I still vividly remember our chats
during the Community Leader Meeting to which you invited
myself and others on September 24, 1976. Since then, the
economic situation changed so much but one thing that never
changed is how much I enjoyed your articles and speeches
frequently published in the magazines and newspapers. Many
in both this country and others like myself share and
support your unique views especially in monetary policy.
I realize your tight schedule; however, hopefully,
I will be able to have the chance to visit you in
Washington, D.C. when you get everything settled.
Best personal regards.
Sincerely yours,

Capt. James S. C. Chao
M.B.A.;D.C.S.
JSC:c1

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Federal Reserve Bank of St. Louis

THE GUARDIAN LIFE INSURANCE COMPANY
OF AMERICA
201 PARK AVENUE SOUTH, NEW YORK 10003

GEORGET.CONKUN,JR.
CHAIRMAN OF THE BOARD & CHIEF EXECUTIVE OFFICER

July 31, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, N.Y. 10005
Dear Paul:
Amid all the disheartening news that has beset us in
recent years, the one encouraging development has been
your nomination for the Chairmanship of the Federal
Reserve Board.
I am aware of the great personal sacrifice which must
have been entailed in your decision to accept this
nomination, and I just wanted to express my deepest
appreciation for your willingness to take on this
important responsibility for the good of our country.
Sincerely yours,

Chairman of the Board

GTC:lr

RECEIVED
AUG

2 1979

P. A. V.
........ ............
ANSWERED,......
.......
ATTENDED.TO.,,„,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dayton Hudson Corporation
777 Nicollet Mall
Minneapolis, Minnesota 55402
Executive Offices

August 2, 1979
Mr. Paul A. Volcker
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10005
Dear Paul:
By now I am sure you need one more congratulatory letter about as
much as you need an increase in the money supply! I do, however,
want you to know how terribly pleased I am for the nation and for
Dayton Hudson Corporation that you have been chosen to head the
Federal Reserve. The nation gets you, and we're able to hang on
to Bruce MacLaury as a corporate director. Seriously, if ever
there was a man for the time and the job, it obviously is you. I
wish you the very best in carrying out your crucial assignment.
I also am very hopeful that you will be able to continue as a trustee
of the Rockefeller Foundation. We badly need you as a trustee. As
you well know there are very few good ones.
All the best.
Yours,

KND:ec

K. N. Dayton

RECEIVED

1-01"6-v'i L
ATTENDED TO...

,y‘,71Ld,
e9gd
exezi,„
5'exch,y,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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5qedca.,

70 A'ne Area-

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10005

July 26,

1979

)61-1. P0.44
I am delighted with your appointment - and I know the
Swiss bankers are happy too:
The years ahead will not be easy but they are crucial
for our nation and for the free world - and you have the
intelligence, and will, and staying power to put things
right again.
With warmest regards,
Since

yours

Shelby Cul
Cha

Davis

MORGAN STANLEY INTERNATIONAL
Incorporated

1251 Avenue of the Americas
New Yorlc, N. Y. 10020

July 27, 1979

The Honorable Paul Volcker
President
Federal Reserve Bank of New York
33 Liberty Plaza
New York, New York
Dear Paul:
This is a belated note of congratulations on your recent voting
record at the FOMC--which I said I would send to you, belated or not, when
we saw you at the Metropolitan Museum--and a very prompt note of congratulations on your move to the Chairmanship. In the latter case, the congratulations are due even more to the President, who showed very good judgment in
this instance. I am sure that you must view the move with mixed feelings;
but I always thought it was inevitable.

•

As for the voting record, it is not unrelated to the great sense
of reassurance that the market shows in your appointment. All of us in the
financial community wish you well in being able to stick to it through the
troubled times ahead.
I might add that both your record and your appointment reflect most
honorably on the Federal Reserve Bank of New York, for which we alumni are
pleased and gratified.

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Federal Reserve Bank of St. Louis

Good luck to you and to Barbara.
Sincerely,

Richard A. Debs
President

RECEIVED
AUG

2 1979

P. Aig V.
ANSWERED
ATTENDED TQw„,...,,

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Federal Reserve Bank of St. Louis

NEW YORK UNIVERSITY
A private university in the public service
Graduate School of Business Administration
100 TRINITY PLACE, NEW YORK, N.Y. 10006
(212) 285-6200

William R. Dill, Dean

July 31, 1979

Dear Paul:
Congratulations on what has been one of the
few pieces of good news coming out of Washington
in recent weeks. All of us who know you at GBA
are very pleased.
erely,

illiam R. Dill

Mr. Paul Volcker
33 Liberty Street
New York, New York 10045

RECEIVED
UG

2 1979

P. A. V.
ANSWERED
ATTENDED

....
...

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Federal Reserve Bank of St. Louis

9-A NORTH MAIN STREET
PITTSFORD, NEW YORK
14534

SECURITY NEW YORK STATE CORPORATION

J. WALLACE ELY
Chairman

July 31, 1979

Mr. Paul A. Volcker
Federal Reserve Bank of New York
New York, N. Y. 10045
Dear Paul:
I was indeed excited and pleased although not surprised
at your appointment to Chairman of the Federal Reserve
Board. I cannot think of a more important and responsibility laden office nor anyone more qualified than you.
Despite my "assaults" on the Federal Reserve for its
spotty performance as commercial bank regulators, I have
always been one of its staunch supporters when it comes
to monetary policies.
(ood luck and my very best wishes.
Sincerely,
/2
Wal ace Ely

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

GIRARD BANK

Girard Plaza
Philadelphia PA 19101
Tel (215) 585-2170

WILLIAM B EAGLESON JR

Chairman of the Board
and President

July 30, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
Dear Paul:
I share fully the pleasure which is being expressed in the financial
community around the world about your nomination to become
Chairman of the Board of Governors. The job is a critical one
for the future of our country, and clearly there is no one as well
qualified as you are to fill it. I know that you can count on the
support of the entire banking community during the difficult times
ahead.
Congratulations again, and all good wishes.
Sincerely,

RECEIVED
itUG

2 1979

La. A. V.

ANSWERED
ATTENDED

0000000

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Central Penn National Bank
PHILADELPHIA, PA. 19103

ROBERT P. FECHTEL
EXECUTIVE VICE PRESIDENT

215-854-3148

August 1, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
10045
New York, N.Y.
Dear Paul:
Congratulations on your recent appointment as Chairman
of the Federal Reserve System. I fully agree with all of the
expressions of opinion I have read about in the press or heard
over radio and TV regarding what seems to be the unanimous
opinion that President Carter has found an especially well
qualified nominee for the challanging job at the Fed. I hope
that you will have the very best of luck with your new responsibilities and that you will receive a great deal of satisfaction
from a job that I am sure will be well done.
Please do not hesitate to let me know if there is any
way I might be helpful to you at anytime.
Sincerely,

obert P. Fechtel

RPF/jtm

ITY
OCIPOIRATION
OF TEXAS,INC.

IM
J. A. ELKINS, JR.
Chairman of the Board

July 26, 1979

The Honorable Paul Volcker
Federal Reserve Bank of New York
33 Liberty Street
New York, N.Y. 10015
Dear Paul:
By now you surely know how enthusiastically
received has been your appointment as Chairman of the
Federal Reserve. It was sincerely one response which
I could give to the newspapers as the Number One best
man for the job in all the country. Your taking it is
certainly a great service to the entire United States
which should certainly be appreciated by all of us.
Any support or help which we can provide will
be considered a real pleasure and privilege.
With best wishes and kindest regards,
Yours sincerely,
•

. Elkins, Jr.
man of the Board

JAEJr:le

FIRST CITY BANCORPORATION OF TEXAS,INC., 1001 MAIN STREET, P.O. BOX 2387, HOUSTON, TEXAS 77001, TELEPHONE (713) 658-6878

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

THOMAS L. FARMER

August 1, 1979

Dear Paul,
you are moving
I am delighted that
conand look forward to
on
gt
in
sh
Wa
to
back
ding collaboration.
an
st
ng
lo
r
ou
g
in
tinu
Best regards.
Sincerely,

'';
1.

TLF:wrw
Volker, Chairman
The Hon. Paul A.
ard of New York
Federal Reserve Bo
33 Liberty Street
10045
New York, New York

DKIPM. OR. WOLarGANG ERNDIL

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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July 30, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
New

York

Dear Mr. Volcker:
I was delighted to learn about your nomination as Chairman of the Federal Reserve Board and I would like to
take this welcome opportunity to congratulate you.
I recall with great pleasure the very interesting conversions we had at this year's IMC-meeting in London and I
therefore fully agree with our friends in the national and
international banking community that President Carter took
the right step in selecting you to head the U.S. Central
Bank.
We all feel that although it will not be an easy task to
direct your country through the times of pressure and
uncertainty for the dollar, it gives us a lot more
confidence to see a man of your depth of experience of
domestic and international banking and monetary affairs
in this position.
Needless to say that I sincerely hope for another opportunity
to exchange views with you and I shall always be glad to be
of service to you.
Looking forward to meeting you again and wishing you success.

Very truly yours,

Lif3 9 1979
A. V.
ANSWERED .....
ATTENDED TO

.
................

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Burroughs Corporation

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FEDERAL AND SPECIAL SYSTEMS GROUP
7726 Old Springhouse Road

•

McLean, Virginia 22102

July 31, 1979

Honorable Paul A. Volcker
President
Federal Reserve Bank of New York
New York, New York 10045
Dear Paul:

By now I am sure you have already seen the attached
articles - and probably mnny more - concerning your nomination by the
President to be Chairman of the Federal Reserve Board.
I was delighted to hear of your selection and want to
send you my warmest wishes for every success in this most vital
position.
Congratulations and warmest regards always!

Sincerely,

James C. Fletcher
At

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

MILTON FRIEDMAN

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Federal Reserve Bank of St. Louis

MAURICE R. FORMAN

July 31, 1979

Mr. Paul A. Volcker
Federal Reserve Bank of New York
Federal Reserve Station
New York, New York 10045
Dear Paul:
Congratulations on becoming Chairman of the
Federal Reserve Bank.
You are so ably suited for this job that it
makes me feel more secure that the central bank of
the United States is in good hands.
All my very best wishes to you and your family.
Sincere regards,

MeitA-%„,
Maurice R. Forman
MRF:efg

RECEIVED
AUG

7 1979

P. A. V.
ANSWERED
ATTENDED TO,

NEW COTJRT SEC'URITIES CORPOIATION

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ONE ROCKEFELLER PLAZA
NEWYORK, N Y 10020
CABLE ADDRESS: NEWCOURSEC

July 30, 1979

Mr. Paul A. Volcker, Chairman
The Federal Reserve Bank
33 Liberty Street
New York, New York 10004
Dear Paul:
May I express to you my best wishes upon your
appointment as Chairman of the Federal Reserve
Board. This appointment is not only a source
of satisfaction to your many friends but a source
of great relief to all of us in this country and
abroad who feel that weak government is threatening
our economy and our currency. May it be given
to you to stem the tide.
With respectful regards and warm wishes.
Sincerely,

4G. Peter Flec/

GPF:mg

RE'CEIVED
ttUG
ANSWERED
ATTENDED TO,

7 1979
A v.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

WAYNE STw.ATE -UNIVERSITY
COLLEGE OF LIBERAL ARTS

DETROIT, MICHIGAN 48202

DEPARTMENT OF ECONOMICS

August 1, 1979

Mr. Paul Volcker, President
Federal Reserve Bank of New York
Federal Reserve Station
New York, N.Y. 10045
Dear Paul:
was delighted to learn that President Carter
Like many others,
nominated you to serve as Chairman of the Board of Governors of the
Federal Reserve System.
I believe that the President has chosen very wisely in selecting
someone with your extraordinary abilities and unique background to
guide this nations' monetary policy in these perilous times. You and
your colleagues must succeed in restoring a sense of stability in the economy
and a feeling of confidence for the future for our sake and for the sake
of many others on this globe.
Congratulations and best wishes on your appointment to this high
office.

F
Professor of Economics

7.4cEIVED
.4.
V;LhLI.)

ATTENDED TO
/sb

t•ft.•

.........404,•te

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

AMERICAN INTERNATIONAL GROUP, INC.
70 PINE STREET
NEW YORK, N. Y. 10005
OFFICE OF

MAURICE R.GREENBERG
PRESIDENT

August 6, 1979

Mr. Paul A. Volcker, ?resident
Federal Reserve Bank of New York
33 Liberty Street
New York, New York
Dear Paul:
I was in Hong Kong recently when the announcement was made of
your appointment as Chairman of the Federal Reserve Board.
The international financial circles responded very favorably
to your appointment, as it is good for our country and the
world. Those who considered you were astute in their
selection.
Please do accept my every good wish for your continued success.
Sincerely,

ECEIVED
iAti6*

mrg:r

9 1979

P. A. V.
ANSWTRED
..................... ..............
ATTENDED TO
......

..................
0,11..111,

1 474
7

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

41,BISHOPSGATE,
LONDON, EC2P 244.

26th July 1979.

CEAH/JB.

Mr. Paul Volcker,
President,
,
Federal Reserve Bank of New York
33 Liberty Street,
New York, N.Y. 10005.
United States of America.

Dear Paul,
the radio
I first heard of your appointment on
write, first of all
yesterday evening and I feel I must
, to say what a sense
to congratulate you, and secondly
s of other people
of relief it gave me and I know thousand
from all over the world.
thoroughly
What marvellous news it is and how
well deserved.
y
I can only finish by wishing you ever
possible success.
Yours ever,

7 1979

. A. V.
ANSWERED
ATTENDED TO

Lail WI
western union

YSc4024(1056)(4-020550S207)PD 07/26/79 1054
ICS iPmMTZZ CSP
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Pms PAUL voLCKER PRESIDENT RPT DLY MGM, DLR
FEDERAL RESERVE SANK OF NEW YORK 33 L/SERTY ST
NEw YnRICNY 'nom
mANy coNnRATULATIONS ON YOUR NEW APPOINTMENT WE AT
*AMOS ARE ALL
T4RILLED AND SEND YOU EVERY GOOD WISH FOR A SUCCESSFUL TIME
IN
wASHINGTON. REGARDS
RICRARD HAMM,
RECEIV

JUL 26 1919
NovAN
P. A. V.
ANSWERED
ATTENDED TO
SF-1201 (R5-69)

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

THE BANK OF JAPAN

MASARU HAYAMI
EXECUTIVE DiPECTOR

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CPO BOX 203
TOKYO, 100-91
TEL. 279-1111

July 27, 1979

Dear Mr. Volcker,
I should like to extend to you my most sincere
congratulations upon your appointment to the Chairman of
the Federal Reserve Board. If my memory serves me correctly,
I first had the privilege and honour of working with you in
the early 70's in London. As the then Chief Representative
in Europe of our Bank, I took part in the early discussions
which were held there on the problems confronting the old
international monetary system. I have ever since been
deeply impressed by your leadership and determination in
solving such complicated international monetary problems,
and I regard the coordinated action of last November 1 as
being one of the most remarkable achievements your leadership
has brought about. Thus, I am firmly convinced that your
appointment to the Chairman is indeed one of the best news
the world financial circles could ever have hoped for.
Last but not least, I should like to thank you very
much for the assistance you have accorded our Bank during the
past four years as the President of the New York Federal Reserve
Bank.
Hoping for the ever continuing close cooperation
between our two institutions, and wishing you all the success
for the future, I remain,
Sincerely yours,

2ci
Mr. Paul A. Volcker
President
Federal Reserve Bank of New York

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

The Prudential Insurance Company of America
Prudential Plaza, Newark, New Jersey 07101
Frank J. Hoenemeyer
Executive Vice President

August 3, 1979

Deat Paw:
Congnatutation4 on yowl. nomination.
It
the bet thing that' happened to the
inanciat wot,ed in a tong, tong time. Fot
yout ake, ao wett as the countty'is, 1 wizh
you evety &Lccez.
But itegcuLdis.
Sincekety,

M. Pawt A. Votcket
Pte6ident
Fedetat Raetve Bank
New Voidz
Fedenat Rezetve
P. 0. Station
New Vonk, New Votk 10045

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CHASE MANHATTAN MORTGAGE AND REALTY TRUST
307 Falmouth Road, Hyannis, Massachusetts 02601

ADAM C.HECK
Vice Chairman

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RECEIVED
JUL 3 0 1979
P. A. V.
ANSWERED
ATUNDED TQ....rn

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

RICHARD HELMS

July 25, 1979

Dear Paul:
Warmest and heartiest congratulations! The
Stock Market has given you a big send-off
today, which is more than can be said about
its reaction to other recent events. The
country will be well served with you at the
head of the Federal Reserve system, and that
after all is what really counts. As a triend
of Bill Martin and Arthur Burns, may I say
without sounding gratuitous that you are a
worthy successor. Good luck!
With warm regards,
Cordially,

Richard Helms

The Honorable Paul A. Volcker
President
Federal Reserve Bank of New York
New York, New York 10045

RECEIVED
JUL 3 0 1979

AliENuL,

....... ••

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

202/828-2424

JOHN E. ERMINE
AND ASSOCIATES
SUITE 1100 • 1101

CONNECTICUT AVE.. N. W. • WASHINGTON. D. C. 20036

July 27, 1979

Mr. Paul A. Volcker
President
New York Federal Reserve Bank
33 Liberty Street
10045
New York, New York
Dear Paul:
With much pride and satisfaction I will soon address you
as Chairman. As you know, it has been my desire and belief
for several years that eventually you would accept that position.
No doubt it is a sacrifice for you to do so. However,
it is good for the Country and indeed the non-Communist world
that you will do so.
The President could not have made a better selection.
I wish you much success and satisfaction.
Very sincerely,

(john

E. Horne

RECEIVED
AUG

2 1979

P. A. V.
ANSWERED
AJTENDED TO,

THE AMERICAN COUNCIL ON GERMANY
680 FIFTH AVENUE
NEW YORK, N.Y. 10019
(212)397-0076

August 9, 1979

HON. JOHN J. McCLOY
CHAIRMAN
RICHARD M. HUNT
PRESIDENT
WALTER EBERSTADT
TREASURER
JOSEPH KASKELL
COUNSEL

The Honorable Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York

DAVID KLEIN
EXECUTIVE DIRECTOR

Dear Paul:

SARA ANN FAGIN
SECRETARY

I just wanted you to know how pleased I
was to know that you are now the Chairman of the Federal
Reserve Board. I think the President has made a superb
appointment and I was especially happy to see your
quick endorsement by the Congress and the press. Even
most of my colleagues at Harvard have applauded your
appointment (see the enclosed Harvard Summer Crimson)
and I read the typically acid and partisan words of
J.K. Galbraith as a mild form of praise for a fiscal
conservative like yourself.
I hope we will continue to see you on
various occasions of the American Council.
With best wishes,
Sincerely,

Richard M. Hunt

Enclosure a/s

RECEIVED
AUG 1 3 1979
P. A. V.
ANSWERED
ATTENDED

...................

Board of Directors: John Diebold / Walter Eberstadt / Donna R. Ecton / Hon. Robert Ellsworth / Or. Guido Goldman / Gen Andrew Goodpaster / Frank Hoch / Dr. Richard M. Hunt / Joseph
Kaskell / Lane Kirkland / David Klein / Hon. John J. McCloy / John McCloy II / Hon. George O. McGhee / Elizabeth Midgley / Cecil J. Olmstead / John E. Rielly / Hon. Charles
E. Saltzman / Hon. Sargent Shriver / Joseph E. Siater / Hon. Paul A. Volcker / Eric M. Warburg / Frederick D. Wilkinson, Jr. / Rodney E. Willoughby
Advisory Committee: Rep. John B. Anderson / Rep. Don Booker / Sen. William S. Cohen / Rep. Paul A. Findley I Sen. Gary Hart / Sen. Charles McC. Mathias / Rep. Henry Reuss /
Sen. Donald W. Riegle, Jr. / Sen. Adlai E. Stevenson, Ill / Rep. Samuel Stratton / Sen. Paul A. Tsongas

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Removal Notice
7KHLWHPLGHQWLILHGEHORZKDVEHHQUHPRYHGLQDFFRUGDQFHZLWK)5$6(5 VSROLF\RQKDQGOLQJ
VHQVLWLYHLQIRUPDWLRQLQGLJLWL]DWLRQSURMHFWVGXHWR copyright protections.

ŝƚĂƚŝŽŶ/ŶĨŽƌŵĂƚŝŽŶ
Document type: newspaper article

Pages
Removed:

Author(s): Scott A. Kripke

Title:

Experts Say Volcker Is Conservative

Date:

July 27, 1979

Journal:

The Harvard Crimson

Volume:
URL:

Federal Reserve Bank of St. Louis

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

https://fraser.stlouisfed.org

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PUERTO RICO BAVERS ASSOCIATIO\
BANCO POPULAR CENTER
SUITE 820
HATO REY, PUERTO RICO 00918
TELEPHONE (809) 753-8630

July 31, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of N. Y.
33 Liberty Street
10045
New York, New York
Dear Mr. Volcker:
iFELICITACIONES!
It was with great joy that Irene and I learned of the news of your
new appointment. Quite frankly, we immediately thought about how
Jimmy must have felt about it.
Although I am sure you will have very little spare time from here on,
remember there is a standing invitation for you to come back and
try another fishing expedition, but this time in one of our small
lakes. Of course, Jimmy must come along to try again the "tostones"
and "rice and beans".
iMucho exit° y mucha suerte!

JOSE RIV
Executiv

P. S.

A JANER
Director

How about a World Record: having a F. R. B. President in ,
Puerto Rico in one year and then as Chairman the next yearEIV E
We'll love it!

[A 1 3 1979
P. A. V.
..
,
ANSWERED........

............

ATTENDED

......111.....

....... ...

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CONTINENTAL BANK
CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO • CHICAGO, ILLINOIS 60693

July 26, 1979

HERBERT E.JOHNSON
SENIOR VICE PRESIDENT

Dear Paul:
I was very pleased to see the announcement
of your appointment to Chairman of the
Federal Reserve System. I know you will
bring a strength, leadership, and wisdom
in direction to the banking system that it
has needed for a long time. The immediate
favorable response in all major markets
certainly indicates you have the strong
support of the financial community.
Please let me know if there is any way in
which I can lend support to your new challenge.
Sincerely,

HEJ:LAA

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045

RECEIVED
laIG

2 1979

P. A. V.
........ ........
ANSWERED........
A1_1E1E310E9_

SAMUEL MC)NTAC3U & C.O. LIMITED
(I NCORPORATI NG DRAYTON)

114 OLD BROAD STREET
PAUL JEANTY

LONDON

DEPUTY CHAIRMAN

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

EC2P 2 HY

(C. P. O. BOX 525)

TELEPHONE: 01 - 588 6464

Mr. Paul A. Volker,
Chairman,
Federal Reserve Bank,
33 Liberty Plaza,
New York, N.Y. 10006.
U.S.A.

7th August 1979.

On my return from holiday, I wanted to write
this brief letter to congratulate you on your new
appointment and to send you all my best wishes.
I shall not be going to the I.M.F. meetings
this year but I do hope to see you in the near future
either in London or Washington.
With best regards,
Yours sincerely,

RECEIVED
G 1 4 1979
I-. A. V.

ANSWERED
ATTENDED
Registered Office• 114 Old Broad Street, London EC2P 2HY

Registered in London Number 499482

1
.
.
2.1.101111111

ONEIDA
Established 1836
Incorporated 1865

NATIONAL BANK and TRUST COMPANY
of Central New York
UTICA, NEW YORK

H. RUSSELL JOHNSON
CHAIRMAN OF THE BOARD

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

July 26, 1979

Paul A. Volcker, President
Federal Reserve Bank of New York
33 Liberty Street
Federal Reserve Post Office Station
New York, New York
10045
Dear Paul:
I am very happy to read of your change in title as Chairman of the
Federal Reserve Bank.
We in the banking profession and also in this great country, are
very fortunate to have you accept this responsibility. The best
of luck to you in the years ahead and I know we will all sleep
more comfortable and securely knowing that you are at the head of
the United States Financial picture.
Sincerely,

H. R
Chairman Of The Board

HRJ/maf

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

RESERVE BANK OF AUSTRALIA

SYDNEY

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R'C.EIVED
8 1979
ANSWERED
ATTENDED

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

MURRAY KYGER

August 2, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of
New York
New York City, N. Y. 10045
Dear Paul:
It was both pleasing and reassuring to see you nominated as
Chairman of the Board of Governors of the Federal Reserve
System, and I see from today's Wall Street Journal that
your nomination has been cleared by the Senate Banking
Committee.
With every good wish.
Yours sincerely,

Murray K ger
MK/11

1A-L-Th

GULF AND OCCIDENTAL INVESTMENT COMPANY S.A.
7, AVENUE KRIEG
GENEVA, SWITZERLAND
SHAREHOLDERS:

POSTAL ADDRESS:
P.O. BOX 218

ABU DHABI INVESTMENT AUTHORITY

CH - 1211 GENEVA 17

CREDIT INDUSTRIEL ET COMMERCIAL
TELEPHONE: 022 / 46 46 11

QATAR NATIONAL BANK
TELEX: 27048

UNITED STATES TRUST COMPANY
INTERNATIONAL CORPORATION

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Federal Reserve Bank of St. Louis

CABLES: GOIC GENEVA

Geneva, 2 August 1979
NK:pp

Mr. Paul A. Volcker
Chairman designate
Board of Governors. Federal Reserve System
c/o Federal Reserve Bank of New York
33 Liberty Street
New York, N.Y. 10045
U.S.A.

Dear Paul,
May I put in writing how much I admire your
decision to accept the chairmanship of the Federal Reserve
Board, and how intensely I hope your action will help to
finally anchor the world economy in calmer waters.
As the markets showed, confidence in competence
counts, and it is difficult to add to the tribute you thus
so deservedly received. Let me only add that I remain as
available as in the past whenever you think I can be useful.
With best wishes and k

t regards,

Nicolas Krul

i-a-P0

8 1

A. V.
ANSWERED
ATTENDED

The World Bank /

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Tokyo Office: Kokusai Building, Room 908, 1-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo 100, Japan
Telephone—(03)(214) 5001 *Cable Address—INTBAFRAD TOKYO

July 26, 1979
The Hon. Paul A. Volcker
President
Federal Reserve Bank
33 Liberty Street
New York, N.Y. 10045
U. S. A.
Dear Honorable Volcker:
It is with my great pleasure that I learn of the White House's
announcement of your appointment as the Chairman of the Federal
Reserve Board. I would like to extend to you my best wishes for
your every success in this important position.
At the same time allow me to reiterate my highest appreciation
and thanks for your support, cooperation and courtesy extended to
us during my past assignment in the Embassy of Japan in Washington, D.C.
between 1971 and 1975.
Waiting to have a honor of meeting you again in the near future,
please accept, Mr. Volcker, my sincere congratulations and best wishes.
Mrs. Kaya also sends you her best regards.
With my best wishes,
Sincerely yours,

//
(_-Akira Kaya
Director
World Bank Tokyo Office

Headquarters: Washington, D.C., U.S.A.

FLORIDA INSTITUTE OF TECHNOLOGY
MELBOURNE,FLORIDA
32901
OFFICE OF THE PRESIDENT

https://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 Mr. Volcker:
I was extremely pleased over your appointment by President Carter
as Chairman of the Board of Governors of the Federal Reserve System and
wish to extend my heartiest congratulations and very best wishes. The
Federal Reserve, and indeed our country, is fortunate to be able to draw
upon the talents and experience of individuals such as yourself, and you may
be sure of my full support in the days ahead.
Sincerely yours,

P. Keuper
.Terome
:
47Pr4ident
(Director, Federal Reserve Bank
of Atlanta-Jacksonville Branch)
JPK:ag

AkiCs
A N•

ATTENDED TO........ .

Kai Jacob Klasen
Abteilungs-Direktor
in der
Bank fiir Handel und Industrie AG

UhlandstraBe 9-11
1000 Berlin 12
Telefon (030) 319 69 89

July 30, 1979
kla/br

Mr. Paul Volcker
Chairman
Federal Reserve Bank of New York
33 Liberty Street
New York, N. Y. 10045

Dear Mr. Volcker:
To hear the news that you are nominated by the president as the
new chairman of the Federal Reserve Board was a great pleasure
for me. I send you my heartiest congratulations for this honorable
and difficult new job. I am deeply convinced that you are exactly
the best choice for this task. The international trust in the
value of the dollar will be strengthened. Your name is furthermore
a guaranty for a close and effective monetary cooperation between
our both countries.
I hope to see you again either in the States or in Germany and
once more all my best wishes.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

With regards yours,

Kai Jacob Klasen

Privat: Berliner Strae 29 • 1000 Berlin 31 • Telefon (030) 87 3815

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CROCKER nrmonm. wink
TRUST AND INVESTMENT DIVISION
111 SUTTER STREET, SAN FRANCISCO, CALIFORNIA 94104
WOODWARD KINGMAN
EXECUTIVE VICE PRESIDENT

July 26,1979

Mr. Paul Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
News of your appointment was one of the most heartening developments in a long time, and I wanted to say how grateful we all are for
your willingness to take on this Chairmanship of the Federal Reserve at
a time when your particular talents are needed so much.
It has been quite a few years since I had the privilege of working
with you in the first Nixon administration, and it is good to know that
you will be back in Washington in these critical times.
With all the best wishes in your new responsibility,
Sincerely,

Woodwar. Ki gman
WK:typ

RIZC

EIVEL)

JUL 30
1979
ANSWERED
MENDED

I-I. A.

'''''''''''

.... ..

...........

.......M•tetp,„

THE AMERICAN COUNCIL ON GERMANY
680 FIFTH AVENUE
NEW YORK, N.Y. 10019
(212)397-oom

July 26, 1979

HON. JOHN J. McCLOY
CHAIRMAN
RICHARD M. HUNT
PRESIDENT
WALTER EBERSTADT
TREASURER
KKELL
NSELAS
JOSEPH
COU

DAVID KLEIN
EXECUTIVE DIRECTOR
SARA ANN FAGIN
SECRETARY

The Honorable Paul A. Volcker
President
The Federal Reserve Bank of
New York
33 Liberty Street
New York, New York
Dear Paul:
At last Jimmy Carter made one right decision
-- appointing you Chairman of the Federal Reserve
Board.

It is so well deserved!

And as a concerned

citizen of this republic, I am not only pleased,
I feel much more secure.

Anne joins me in sending

our sincerest congratulations and best wishes for
much success.
Sincerely,

Board of Directors: John Diebold / Walter Eberstadt / Donna R. Ecton / Hon. Robert Ellsworth / Or . Guido Goldman / Gen Andrew Goodpaster / Frank Hoch / Dr. Richard M. Hunt / Joseph
Kaskeli / Lane Kirkland / David Klein / Hon. John J. McCloy / John McCloy II / Hon. George C. McGhee / Elizabeth Midgley / Cecil J. Olmstead / John E. Rielly / Hon. Charles
E. Saltzman / Hon. Sargent Shriver / Joseph E. Slater / Hon. Paul A. Volcker / Eric M. VVarburg / Frederick D. Wilkinson. Jr. / Rodney E. Willoughby
Advisory Committee: Rep. John B. Anderson / Rep. Don Bonker / Sen. William S. Cohen / Rep. Paul A. FindleyGary Hart / Sen. Charles McC. Mathias / Rep. Henry Reuss /
Sen. Donald W. Riegle, Jr. / Sen. Adlai E. Stevenson, III I Rep. Samuel Stratton / Sen. Paul A. Tsongas

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Federal Reserve Bank of St. Louis

GEORGETOWN

UNIVERSITY

WASHINGTON, D.C. 20057

(202) 625-3003

BANKERS FORUM

SCHOOL OF BUSINESS ADMINISTRATION
SCHOOL OF FOREIGN SERVICE
SCHOOL FOR SUMMER AND CONTINUING
EDUCATION

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Federal Reserve Bank of St. Louis

July 27, 1979
Mr. Paul A. Volcker
President
Federal Reserve Bank ot New York
33 Liberty Street
New York, New York 10045
Dear Paul:
It may be difficult for you to appreciate how gratified your
many friends were to learn of your designation as Chairman of the
Federal Reserve Board. There is bound to be turbulence in the months
ahead to test both courage and technical skill. I hope it will help
you to know that you have our support and best wishes as you face the
uncertainties ahead.
Sincerely,

(UL1
j
Samuel I. Katz, Director
Bankers Forum

OVERSEAS
PRIVATE
INVESTMENT
CORPORATION
1129 20th Street, N.W.
Washington, D.C. 20527
Telex-OPIC Wsh 89-2310

Office of the President

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

August 2, 1979

Honorable Paul A. Volcker
Chairman-Designate
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
Just a short note to congratulate you on your recent appointment
by President Carter to head the Federal Reserve Board. Since
you and I have known each other for quite some time, I have no
doubt that you will do more than an outstanding job as the head
of the Fed. However, I did not know until today that you were
the Treasury Department's representative on OPIC's Board from
1971 to 1974, so, it is obvious that your association with a
fine organization such as this can only lead to bigger and better
things.
However, I do have one reservation and maybe one doubt. If you
remember, the last time we met was on the Eastern Shuttle to
New York that sat on the runway for 2% hours and, at approximately 8 p.m. you, along with others, demanded a return to the
terminal and debarked. However, being made of much sterner stuff,
I hung on and arrived in New York at 11:45 p.m. while, I am sure,
you had already been asleep for hours. That one moment of failure
can be resolved and I am happy to know that you're in charge of the
country's monetary system.
When you come to Washington and have some time, please give me
a ring.
Again, my best regards and sincere best wishes.
Sincerely,

J. Btuce Llew

CEIVED

1 n

tilr
ratL
'

7 1979

1•:..
OA-

Dominion
Securities
DOMINION SECURITIES LIMITED

Post Office Box 21
Commerce Court South
Toronto Canada M5L 1A7
Telephone 362-5711

July 26, 1979.

D. H. Ward
F. H. Logan
A. S. Fell
G S. Dembroski
J. B. Pitblado
M. H. Wilson
C. R. Younger
G. M. Black
D. L. Erwood

Mr. Paul Volcker,
Chairman,
The Federal Reserve Board,
c/o The Federal Reserve Bank of New York,
33 Liberty Street,
New York, N.Y. 10045
Dear Paul,
Congratulations on your appointment to the
position of Chairman and best wishes for continued
success. All of your friends are delighted!
Our Economist's Department in an internal
memorandum prompted by your selection stated "the
choice could not have been better." These sentiments
are widely shared both here and abroad.
I look forward to our next meeting for the
opportunity to wish you well in a less formal way.
Sinçpe1y,

'Prank H. Logan
Chairman

FHL.bn

P. A v
ANSWERED........
ALTENDED To,

Toronto, Montreal, Vancouver, New York, London, Hong Kong and 21 other offices in Canada.
Associated with Baring Brothers & Co. Limited and Morgan Grenfell & Co. Limited, London. Eng.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

It.tIANALtt.ttay.W..

SOUTHWEST

BANK

KINGSHIGHWAY AT SOUTHWEST • ST. LOUIS, MISSOURI 63139 • PHONE: 776-5200

I. A. LONG
CHAIRMAN OF THE BOARD AND CEO

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

July 26, 1979

Hon. Paul C. Volcker, President
Federal Reserve Bank
33 Liberty Street
New York, N.Y. 10045
Dear Mr. Volcker:
I would like to extend my sincere congratulations
on your appointment as Chairman of the Board of the Federal
Reserve System. I feel confident that the Senate will confirm
your appointment.
We are fortunate to have this important position filled
by a man of your qualities.

n of the Board & CEO
IAL/mlb

MEMBER: FEDERAL DEPOSIT INSURANCE CORPORATION & FEDERAL RESERVE SYSTEM

THE GERMAN MARSHALL FUND OF THE UNITED STATES
A MEMORIAL TO THE MARSHALL PLAN

11 Dupont Circle, N.W., Washington, D.C. 20036 (202) 797-6430
Cable: GMFUS Telex: 248329 CEIP

July 26, 1979

The Honorable Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
Dear Paul:
On behalf of our Board and myself, I want to extend best congratulations.
on your nomination. The country is fortunate that you are coming back
to Washington. Those of us involved professionally with Europe are especially
aware of what your appointment has already done to calm the waters and
your talents will do to overcome current economic problems between
European countries and ours.
You have very best wishes from us all for every success in this and all
your endeavors at the Fed.
Sincere]

Robert Ger.

ingston

BOARD OF TRUSTEES: William M. Roth, Chair; Elizabeth Midgley, Vice Chair; Arlin M. Adams; Irving Bluestone; William H. Donaldson, Treasurer; Marian W. Edelman;
Bernard R. Gifford; Guido Goldman; Thomas L. Hughes, Secretary; Carl Kaysen; John E. Kilgore, Jr.; Moon Landrieu; Robert Gerald Livingston; Joyce D. Miller; John L. Seigenthaler;
Eugene B. Skolnikoff; Richard C. Steadman; Howard R. Swearer; Russell E. Train.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Robert Gerald Livingston, President

C. Kenneth Orski, Vice President

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

N/A

L-

`-ri IN1 AT"I CD NI A1
/
4L- ESA NI K

M EMBER FEDERAL RESERVE SYSTEM

HEADQUARTERS : PH 0 EN IX, AR 1 ZO NA

ROGER A. LYON
PRESIDENT
CHIEF ADMINISTRATIVE OFFICER

PHOENIX

July 27, 1979

P. O. BOX 71

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
Federal Reserve P. O. Station
New York, NY
10045
Dear Paul:
This is just a note to express my sincere congratulations
upon your being nominated by the President for the FED
Chairman's role.
I think President Carter's choice of you is an outstanding
move, recognizing not only your talents, your interests,
but also the perception of the domestic and financial
communities appraisal of the abilities of one Paul Volcker.
It's been virtually twenty years since we last worked
together, and while those days were fun, I'm not sure I
would really want to trade them for today. My move out of
your environs, of course, has a lot to do with that.
I don't imagine our paths will cross a great deal, but since
I do have an involvement in the ABA Government Borrowing
Committee, they may, as we have been able to interface with
the Chairman over dinner during those four meetings a year
we have in Washington. I look forward to being able to
continue that pattern, and even more so in view of the fact
that you would be our honored guest.
Again, my best wishes for a successful approval and then
reign as Chairman of the Fedru
eral Reserve Board.
Best personal regards.
Sincerely,

85001

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

NATIONAL ASSOCIATION OF MANUFACTURERS

R. HEATH LARRY,PRESIDENT

July 26, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of NY
33 Liberty Street
New York, NY
Dear Paul:
When you and I sat at dinner together several weeks ago, this
particular turn of events may not have seemed highly likely.
Whatever brought it on, one clear outcome is that the country
does have one of the most competent Federal Reserve Chairmen
that it could possibly have.
It represents sacrifice on your part but I know the nation
will be appropriately grateful.
With every good wish Sincerely,

ECEIVED
JUL 30 1979
A. v.

ANSWERED,.............
ALTODO. TO„,, ........,...
1776 F Street N. W, Washington,D.C. 20006 • Phone (202) 331-3800

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Bank of Canada Banque du Canada

Ottawa KlA 0G9
July 25, 1979.

Mr. Paul A. Volcker,
President,
Federal Reserve Bank of New York,
Federal Reserve P.O. Station,
New York, N.Y. 10045.

Dear Paul,
I am writing to tell you of my enormous pleasure at
this morning's news that you have been nominated as Chairman of the
Board of Governors of the Federal Reserve System. I send my warmest
congratulations and best wishes.
I think that all of us outside the United States who believe
that there is an extremely tight link between the welfare of the United
States and the welfare of the international community will be greatly
heartened that you will be presiding over the affairs of the Federal Reserve
System. I know well how difficult a job you are taking on, but I am sure
that you will do it with great distinction.
With warmest personal regards.

Yours sincerely,

RECEIVED
AUG

2 1979

P. A. V.
ANSWERED
ATTENDED TO

R. W. Lawson,
Senior Deputy Governor.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANK0F AMERICA

RICHARD F. LARSEN
Vice President and Senior Economist

July 30, 1969

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
10045
New York, New York
Dear Paul,
Congratulations. A superb choice. Have missed
you on recent trips to New York, but have had you
often in mind while forecasting regulatory trends.
Greetings to Barbara and the very best to you
both from Chris.
Sincerely yours,

Richard F. -Larsen,
Vice President and Senior
Economist
RFL:ds

rL7 a- CEIVED
8 1979
P. A. V.
,Z..j
fkriS INE*

0•1MOTPIMINIMION“

A11ENOED TO .

BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION • LOS ANGELES 90071

Pt!

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

RICHARD K.LEBLOND,Er

HA
ctAeoL
cp,0010

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

cvre,
c,te,6e4ate,d- 1,&
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,
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1 r4),441.- ?-e-trt a44--

RECEIVED
latiG

2 1979

ANSWERED
ATJENDED-ro.

Graduate School of Business Administration • The University of Michigan • Ann Arbor 48109

PAUL W. McCRACKEN
Edmund Ezra Day University Professor
of Business Administration

https://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:
The nation, and the
community, are fortunate that
juncture, the President could
leadership as Federal Reserve

entire world
at this critical
turn to you for
Chairman.

This is to extend to you a citizen's
gratitude for your being willing, at no small
personal cost, to accept this responsibility.
Regards,

1 W. McCrac en
PWM:dj

STEWART B. rvIcKINNEY

DISTRICT OFFICES:

4TH DISTRICT, CONNECTICUT

FEDERAL BUILDING
LAFAYETTE BOULEVARD

106 CANNON HOUSE OFFICE BUILDING

BRIDGEPORT, CONNECTICUT

Congre55 of the

COMM ITTEES:
BANKING, FINANCE AND
URBAN AFFAIRS

tact)6tate5

DISTRICT OF COLUMBIA

jimAt of Aepre5entatib0

TELEPHONE:(202) 225-5541

Ellatbington, ri.C. 20515

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Federal Reserve Bank of St. Louis

06603
TELEPHONE:(203) 384-2286
500 SUMMER STREET

STAMFORD, CONNECTICUT 06901
TELEPHONE:(203) 357-8277
NORWALK, CONNECTICUT
TELEPHONE:(203) 866-6469

July 27, 1979

Mr. Paul Vblcker, President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
The announcement of your appointment was certainly encouraging.
Personall!, I am very glad that you are bringing your version
of common sense to Washington.
As you have mentioned in conversation, the Federal Reserve System
is no place for politics. I am sure that under your chairmanship
you will practice that policy and our country will be the better
for it.
As a member of the House Banking Committee, I look forward to working
more closely with you in the future.
I wish you success during your term.
Warmest r

t B. MCKinney, M.C.

SBM:dsk

THIS STATIONERY PRINTED ON•PAPER MADE WITH RECYCLED FIBERS

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

HOWARD W. MCCALL,JR.

August 1, 1979

Dear Paul:
Your selection as Chairman of the Board
of Governors brings me great pleasure and, at the
same time, great relief.
I am writing to congratulate you and to
say how appreciative all of us ought to be that you
are going to take this important post. Knowing your
strength of character and your wealth of experience,
I am confident that the country has as the Chairman
of the Federal Reserve the best man available and I
send you every good wish for a successful Administration
and for your personal happiness. You are a great
patriot!
With kindest personal regards, I am
Sincerely,

"
/
7 6111L4

Mr. Paul A. Volcker
c/o Federal Reserve Bank of New York_
Federal Reserve P. 0. Station
New York, New York 10045

CE I V

ga 8

P. A
ANSWERED.............
.
ATTER=

THE CITIZENS NATIONAL BANK
AND TRUST COMPANY
The most bank for your money.

Wellsville, New York 14895

Telephone (716) 593-1500

THEODORE M. McCLURE
President

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

August 2, 1979

Paul A. Volcker, President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
On Friday, July 20, I happened to be having breakfast with John R. Petty,
President of Marine Midland Banks, Inc. That day was just after the
announcement had been made that G. William Miller had been nominated
as Secretary of the Treasury. Both John and I agreed that his replacement
could not be better served than by your appointment as Chairman of the
Federal Reserve Board and I was especially pleased to read the subsequent
announcement that that is exactly what had happened.
During my years on the Board of the Buffalo Branch of the Federal Reserve
Bank of New York I had several occasions to meet with you and was impressed
with your ability to understand the complex financial matters involved with the
Federal Reserve and international finance.
It is a pleasure for me to be able to congratulate you on this nomination and
you may be assured that I will watch with interest the results of this
appointment.

RECEIVED

Sincerely yours,

[AUG 71979
t-644e-G
President
TMMc:sm

OFFICES:

P. A. V. ....................
ANSWERED ......
......................
WENDED

WELLSVILLE, ANDOVER, ALFRED, WHITESVILLE, BOLIVAR, CUBA, OLEAN

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

NATHANIEL M. McKITTERICK
CONSULTANT
1835 K ST., N.W. SUITE 300
WASHINGTON, D.C. 20006
PHONE: 833-3917

The Hon. Paul Volker
President, Federal Reserve Bank
of New York
33 Liberty Street
New York City, N.Y. 10045

July 31, 1979

Dear Paul:
It was in far-off Fiji, at the end of a long and boring
trip, that I heard that the voice of Volker was being heard
again in the land of Washington. I didn't stay long enough
to find out whether the Fiji dollar ($1.23) or the Papua-New
Guinea kina ($1.45) or the Solomon Islands dollar ($1.13)
reacted immediately, but I have every confidence that they
have by now.
If there is anything I can do for you in your new post,
please let me know. Managing "the controlled dis-integration"
(the quote is PV) of the Western world is a task I feel I
should share in, especially with somebody who sees the task
so well.
We both send our love to Barbara, and to you our very best
wishes and hopes for success in a job that everybody in the
world seems to agree you are superbly suited for. (Though
I would still rather serve under Volker, first Minister of
Finance in the U.S.!).

Sincerely,

A G

2 1979
A. V.

ANSWEREO
ATTENDED TO

MERVES AND COMPANY
CERTIFIED PUBLIC ACCOUNTANTS
1617 JOHN F. KENNEDY BOULEVARD
PHILADELPHIA. PENNSYLVANIA 19103
STANLEY MERVES, CPA
BARRY BRENNER, CPA
STEPHEN A. MERVES, CPA

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

215-561-1900

July 26, 1979

Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Mr. Volcker:

Congratulations on your nomination to
be Chairman of the Board of the Federal Reserve
System. I realize that public service is a sacrifice by those competent people who take on the
responsibilities of the nation.

I thank you for your past efforts, wish
you good luck in your endeavor to stop inflation,
and pledge my support to that goal.

Sincerely,

Stanley Me v s
SM/ew

F-,t.ECEIVED
JUL 3 0 1979
H. m. V.
ANSWERED
ATTENDED TO

I•
•
• OOOOOOO

MattIMO&

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CONTINENTAL BANK
CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO • CHICAGO. ILLINOIS
60693

August 1, 1979
ALFRED F. MIOSSI
EXECUTIVE VICE PRESIDENT

Dear Paul:
Just a short note to add my congratulations and every good wish for your success
in the important job which you will be
undertaking.
All of your friends in the international
financial community are pleased to see
you at the helm during this critical time
in our economic history. You have our
full support.
Kindest personal regards
Sincerely

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
Federal Reserve P. 0. Station
New York, New York 10045

RECEIVED
AUG

7 1979

P. A. V.
ANSWERED
ATTENDED TO,........ ................

................

F
.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

STATE BANK OF CHITTENANGO
CHITTENANGO, NEW YORK 13037

ROBERT B. MACDONALD
PRESIDENT

August 1, 1979

Dear Paul:
The news of your appointment to the Chairmanship of the
Board of Governors came as a delightful surprise. I share
the pleasure of the entire financial industry that the job
will be in such capable hands. Sincere congratulations
and best wishes.
Cordially,

et,

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
Federal Reserve Post Office Station
New York, New York 10045

1700 G Street, N.W.
Washington, D.C. 20552

Federal Home Loan Bank Board

Federal Home Loan Bank System
Federal Home Loan Mortgage Corporation
Federal Sayings and Loan Insurance Corporation

ANITA MILLER
Acting Chairman

July 31, 1979

Mr. Paul A. Volcker
Federal Reserve Bank of New York
New York, N. Y. 10045
Dear Mr. Chairman:
I would like to extend my
by President Carter to be
earned the respect of all
of the United States, and
felt in the coming years.

sincere congratulations to you on your selection
chairman of the Federal Reserve Board. You have
those throughout the world concerned with the economy
I know your presence will be appropriately seen and

The Federal Reserve Board and the Bank Board have worked
recent months on a number of sensitive matters that have
and understanding. It is with the hope of continuing in
forward to working with you. Your friend and associate,
me every reason to believe that this will be the case.

closely together in
required mutual respect
this spirit that I look
Bryce Curry, has given

I look forward to meeting with you on your arrival in Washington.
Sincerely yours,

Acting Chairman

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Federal Reserve Bank of St. Louis

RECEIVED
AUG 8 1979
P.A.V.
ANSWERED
ATTENDED TO.,,..„

................41.041111111k

UNITED MIZRAHI BANK LTD.
48, LILIENBLUM ST., TEL-AVIV, ISRAEL

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

AHARON

MEIR

MANAGING DIRECTOR

July 31, 1979

Mr. Paul Volcker,
Chairman,
Federal Reserve Bank of New York,
99 John Street,
New York, N.Y. 10045
U.S.A.

Dear Mr. Volcker:
Upon your appointment as Chairman of the Federal
Reserve Bank, I wish to extend to you my warm
congratulations and my best wishes for your
success in your new assignment.
With kindest rgeards, I am,
Very truly yours,

/revc

Aharonv

MeltManaging Director

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ECEIVED
1;10

1979
A. V.
ANSWERED
ATTENDED TOt '''''''''''
'''''''' '''''''''''

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

the
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1701 Big Thompson Avenue / Highway 34
Estes Park, Colorado 80517
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......
............................

for

WENDER, MURASE & WHITE
ATTORNEYS- AT— LAW
RESIDENT PARTNERS
WILLIAM L. DICKEY
MATTHEW J. MARKS

1800 M STREET, N. W.

400 PARK AVENUE

SUITE 675

NEW YORK, NEW YORK 10022

WASHINGTON, ID. C. 20036

(212) 832-3333

RICHARD LINN
PATENT 5. TRADEMARK COUNSEL
PARTNERS RESIDENT IN
(202) 452-8950
CABLE: WEMULAW

BURTON Z. ALTER*
CAROL SEABROOK BOULANGER*

CARACAS

DOMESTIC TELEX: 89263'

PETER A. DANKIN*

INTERNATIONAL TELEX: 248749

SAMUEL M. FEDER
PETER FIGDOR

TELECOPIER:(202) 296-7760

DUSSELDORF
LONDON

JOHN J. FINLEY*
MONTREAL

PETER J. GARTLAND*

July 30, 1979

ROBERT M. GOTTSCHALK*

NEW YORK

J. PORTIS HICKS*
EDWARD H. MARTIN

PARIS

GENE Y. MATSUO*
JIRO MURASE

sAo PAULO

ALDEN MYERS*
PETER J. NORTON*

TOKYO

IRA TENSARD WENDER
JOHN TOWER WHITE
*NOTADMITTEDINID.C4

TORONTO

The Honorable Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York
Dear Paul:
When we last communicated, it was to
congratulate you on your appointment as President
of the Federal Reserve Bank of New York. This time
I want to thank you, as an American citizen, for
accepting the President's nomination as Chairman of
the Federal Reserve Board, notwithstanding the great
personal sacrifice that this will mean to you. I
can't think of a more perfect man for the job. The
sharp upward movement of the Dow Jones average
immediately after the announcement of your appointment indicates that others must agree with this
judgment.
During the past six months I have been heavily
involved in representing the European Communities in
connection with the U.S. implementation of the Multilateral Trade Agreements. The law is such a complicated
mess that it will probably provide a gold mine of future
business for lawyers such as myself.
Congratulations and best wishes.

g5,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Regards,

2Ae.e
a-v

MJM:ch

Matthew J. Marks
•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

THE SENATE
JOHN J. MARCHI

PLEASE REPLY TO:

STATE OF NEW YORK

358 ST. MARKS PLACE

24T11 DISTRICT

ALBANY 12247

CHAIRMAN

STATEN ISLAND,N.Y.10301

COMMITTEE ON FINANCE

July 31, 1979

The Honorable Paul A. Volcker
Federal Reserve Bank
33 Liberty Street
New York, New York 10045
Dear Mr. Volcker:
I wish you every success in your new
undertaking. The enclosed evidences my empathy
for your approach.
Again, my best and Nils Carborundum
Bastardi.
Sincerely,

JJM:jb
Encl.

AUG

2 1979

P. A. V.
ANSWERED

ATTENDED
All 610..ftin

THE SENATE

STATE OF NEW YORK
JOHN J. MARCH!

ALBANY 12247

PLEASE REPLY TO:

24T.t. DISTRICT

358 ST. MARKS PLACE

CHAIRMAN

STATEN ISLAND,N .Y.1030!

COMMITTEE ON FINANCE

.July 31, 1979

The
New
229
New

Editor
York Times
West 43rd Street
York, New York 10036

Dear Editor:
I am compelled to demur with your editorial thesis "that the
ultimate goal remains a rising standard of living." It is true only if
its impact is broadly based.
Those Americans who can protect themselves are lifting the socalled standard of living at the expense of our more vulnerable elements
of our society. Why are the levels of savings accounts declining while
stock portfolios, tangibles,not restricted to gold,and real property,
either stable or appreciating in value?
The 1974 recession was mainly the product of steeply rising
energy costs and we along with other Western nations and Japan had made
considerable progress in stabilizing its effects.
Paul A. Volcker makes eminent sense when he states that "there
is no substitute for monetary discipline," and I might add a lag in
productivity.
If we maintain our current spending rate and reduce taxes it
would be a disaster. Japan taxes its citizens less than we do and
Germany more than we do and yet both nations are functional because
both countries are internally economically consistent.
Michael Blumenthal appeared to me to have wanted to apply
those restraints and Volcker's commitment, if believed, has already
strengthened the dollar in the international money markets.
My only caveat is your concern over election year pressures
which could dispose of what anyone might rationally propose.
Very truly yours,

John J. Marchi
JJM:jb

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANCO DE TALCA
PRESIDENCIA

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Federal Reserve Bank of St. Louis

Santiago, Chile
July 26, 1979

Mr. Paul Volcker,
Federal Reserve Bank of New York
Federal Reserve Post Office Station
New York 10045, N.Y.

Dear Paul,
I have been very glad to learn today through press reports
in Santiago of President Carter's announcement of your appoint ment as Chairman of the Board of Governors of the Federal Reserve.
Your expertise can certainly make a substantial contribution
to economic policy formulations in the United States and to more
balanced growth of the world economy. As you know,the economic
success of less developed countries and particularly those of Latin
America is closely linked to that of the world economy and the United
States. So, in your success we find our own.
My best wishes to you in your new responsibilities and the
best of lucks.
Cordiall

arlos Massad

CEIVED
iWB 7 1979
p. A. V.
..................
ANSWERED ....... ........
ATTENDED

2
4SI

Chairman

Lloyds Bank Limited,
71, Lombard Street,
London, EC3P 3BS
26th July 1979

This is wonderful news, both for the future course
of the U.S. economy, on which we all so much depend, and on the
personal side.
Many, many congratulations, and best wishes to
Barbara and yourself. You are forbidden to reply: I will hope
to see you in Belgrade.

Mr. Paul A. Volcker,
Federal Reserve Bank of New York,
NEW YORK, N.Y.,
U.S.A.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

'
)7.61A1
RECEIVED
8 1979

iJG

A. V.
ANSWERED
MJENDED

Lloyds Bank Limited is registered in England, No. C2065. Registered Office: 71 Lombard Street, London, EC3P 3BS

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

EAST RIVER SAVINGS BANK 26 CORTLANDT STREET, NEW YORK, N.Y. 10007 TEL (212) 553-9600

Austin 'S. Murphy
Chairman and President

August 2, 1979

The Hon. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
Almost the first good news I've heard in
a long time is your selection as chairman of the
Federal Reserve Board. You have been at the nerve
center of domestic and international monetary
affairs for a long time and are better equipped
than almost anybody else to take charge of this
extremely difficult situation in which we find
ourselves today.
Reading between the lines, I'm inclined
to think that both President Carter and Bill
Miller will place great weight on your observations
and advice.
Believe me, I wish you well in this
strenuous undertaking and offer you whatever
support will be useful. You have all my good
wishes for success and satisfaction in this
prominent and demanding spot.
Cordial good regards,

ASM:egm

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

INTERNATIONAL MONETARY FUND
WASHINGTON. D. C. 20431

CABLE ADDRESS

INTERFUND

July 26, 1979

Dear Paul:
It was a great pleasure to hear the news of your
willingness to undertake the heavy responsibilities of
the Chairmanship of the Federal Reserve Board.

I am

sending you my best wishes for full success in the
difficult days ahead.
Sincerely yours,

George P. Nicoletopoulos
Acting General Counsel
Mr. Paul A. Volcker
President
Federal Reserve Bank
33 Liberty Street
New York, N. Y. 10045

RECEIVED
JUL 3 0 1979
P. A. V.
r11!‘•

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

RICHARD

NIXON

SAN CLEM ENTE, CALI FORN IA

August 1, 1979

The best news from Washington in a long
time was your appointment as Chairman
of the Fed.
Based on our long association, I feel
confident that the dollar is in good
hands and that the nation will be stronger
as a result of your leadership.
With warm regards,

The Honorable Paul A. Volcker
Federal Reserve Bank, New York
33 Liberty Street
New York, New York 10045

RRN A
ROBERT R. NATHAN

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ASSOCIATES, INC.
CONSULTING ECONOMISTS
1200 EIGHTEENTH STREET, N. W, WASHINGTON,D. C. 20036
PHONE 202/833- 2200

TELEX: 248482

CABLE: NATECON

August 1, 1979

The Honorable
Paul Volcker
Federal Reserve Bank of
New York
33 Liberty Street
New York, New York 10045
Dear Paul:
I join your many colleagues and friends in extending
congratulations on your designation as Chairman of the Board
of Governors of the Federal Reserve System.
In reading a few days ago press excerpts of your thoughtful or otherwise apt comments over recent years, I was
transported back mentally to discussions with you and other
acquaintances in the era of our somewhat voluntary controls.
I am encouraged that your talents, as I became familiar with
them in those daya,will again be at play in this city.
Perhaps the opportunity will arise again for us to
cross paths in Washington.
With very best wishes,

Bernard Norwood
Principal Associatethat

THE BANK OF JAPAN
TOKYO

SHIJURO OGATA

CPO BOX 203
TOKYO, 100-91

DIRECTOR, FOREIGN DEPARTMENT

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

TEL. 279-1111

July 27, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
New York, N.Y. 10045
U. S. A.

Dear Mr. Volcker,
Please accept my heartiest congratulations on your
nomination as Chairman of the Federal Reserve Board. I believe
that your appointment is the best conceivable step to restore
the international confidence in the U.S. dollar. I also admire
your determination to serve your great country by accepting
whatever personal sacrifice you have to make.
Sadako, who has returned here from New York, joins me
in wishing you every success in your new and very important
responsibilities.

Sincerely,

EIVED
.4)

P. A. V.
ANSWERED
ATTENDED

SECURITIES INDUSTRY ASSOCIATION
20 Broad Street, New York, N. Y.10005 1 212, 425-2700

EDWARD I O'BRIEN
President

July 25, 1979

Mr. Paul A. Volcker
Federal Reserve Bank of New York
33 Liberty Street
New York, N. Y. 10045
Dear Paul:
I was delighted to learn today of your appointment as Chairman of the Fed. It is good to see an able
representative of Kappa Beta Phi handling such important
matters. I will not burden you at this time with all
of the great issues which are outstanding between the
Fed and the securities industry involving revenue bonds,
commercial paper, private placements, and a host of other
areas. Over the coming months I hope to have the opportunity to discuss some of these matters with you. My
purpose now is simply to extend to you my congratulations
and my very best wishes for your happiness and success.
Sincerely,

EOB:meb

WASHINGTON OFFICE: 490 L'Enfant Plaza East, S.W.,Washington, D C. 20024 • (202) 488-4664

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

G 9 1979

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5

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AMERICAN
BANKERS
ASSOCIATION

1120 Connecticut Avenue, N.W.
Washington, D.C.
20036

July 26, 1979
rRISID ENT
John H. Perkins
President
Continental Illinois
National Bank and
Trust Company
Chicago. Illinois 60693

Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
Federal Reserve P. O. Station
New York, New York 10045
Dear Paul:
Like just about everybody else, all of us were absolutely delighted with your
appointment. There is little to add to all of the nice things that have been
said except to share them and wish you great success as we look ahead.
With my ABA hat on, it probably is not too early to suggest that we get together fairly soon and talk about some of the very important legislative
balls that are in the air which will be very much on your platter in your
new job as well as they were in your old one. The Federal Reserve membership
bill has had a number of interesting twists and turns. I thipk-it might be
useful -if we had a chance to visit and talk some about thlig-from the perspective we see. In particular, it might be helpful to,bfing you up-to-date on
the developments of the last couple of weeks, the actions through the House,
and the conversations that have been taking place with Proxmire's people.
Also, it probably would be worth v4/siting some on other matters, such as the
very important Senate bill on Regu ation Q and third party transaction accounts
and what might be done before the January 1 effective date for the court order
implementing the decision earlier his year.
Of course, this all assumes--as it seems safe to do--that your confirmation
will set a record getting through the Committee and the Senate.
Again, best wishes and looking forward to working with you.
Sincerely,

7:7
-4••

.44•••• ')ary0

JHP:IRK

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

2
P. 1. V.
PISV4ERED .• .....
..................
XTTENDED

..... .......

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

PANNILI, AND HOOPE R.
ATTOR N EYS AT LAW
II00 M I LA M

BUILDING

SUITE 580
HOUSTON,TEXAS 77002

(713) 659-8090

July 27, 1979

Honorable Paul A. Volcker,
Chairman-Designate,
Federal Reserve Board,
Federal Reserve Bank of New York,
Federal Reserve Post Office Station,
New York, New York 10045

Dear Mr. Chairman:
I was really delighted to hear that President
Carter had had the fine judgment to appoint you as Chairman
of the Federal Reserve Board. Like the gnomes of Zurich, I
slept better knowing that you are to take care of the
dollar.
There are not many gnomes in Texas, but if you
ever find yourself here I hope you will let me know.
Congratulations again.

rd
lAiiii4,404„..... 44-...•,-...•

Sincerely,

William Pannill

Adelphi University
Schools of Business
GARDEN CITY, L.I., N.Y. 11530 / (516) 294-8700

SCHOOL OF BUSINESS ADMINISTRATION
SCHOOL OF BANKING AND MONEY MANAGEMENT

OFFICE OF THE DEAN

August 3, 1979

Mr. Paul A. Volcker
Chairman-designate of the Federal Reserve
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Mr. Volcker:
On behalf of the Faculty and Administration of the School
of Banking and Money Management and the School of Business
Administration, I offer you warm and sincere congratulations
for your selection as the Chairman of the Board of Governors
of the Federal Reserve.
I am convinced that your appointment is a great asset to
the nation in both the short run and the long run. I enthusiastically support your commitment to fight inflation at home
and restore international confidence in the dollar and the
United States economy by carefully charting a disciplined
monetary policy course of action.
I do wish you continued success in the future.
With best regards,
Sincerely,

r
ames C. Patchias
Dean

RECEIVEL)
JCP:jr

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

7 1979
P. A. V.
ANSWERED
ATTENDED TO

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

777r:

Yile

/v° zuedo,'

,Vide

e"),eaiily
August 3, 1979

Dear Paul,
I want you to know that I was delighted to
learn of your appointment by President Carter as
Chairman of the Board of Governors of the Federal
Reserve System. I don't know of anyone who is
better qualified to occupy that very strategic
and sensitive position.
We all have fond memories of your stay on
the Island last December during our Bankers
convention. You certainly made an impression on
us at that time. You can be sure that we in the
Treasury Department and the entire banking community of Puerto Rico wish you the best in your new
assignment.
Please give my kindest regards to Jimmy.
I hope to see you back in Puerto Rico soon.
Cordptlly yours,

P
\id/AA
iv
Julio Cesar Perez

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

zeo,.fr„ded

ONE WILLIAM STREET
NEW YORK,N. Y.10004

PETER G. PETERSON
CHAIRMAN OF THE BOARD

July 27, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank
of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
I am delighted for the country and
for you!

RECEIVED
3UL 3 0 1979
A. V.
..... ..
ANSWERED.....

AITENDEA

UNIVERSITY OF MARYLAND
COLLEGE PARK 20742
DIVISION OF BEHAVIORAL AND SOCIAL SCIENCES

OFFICE OF THE PROVOST

TYDINGS BLDG., ROOM 2141
(301) 454-5272

COLLEGE OF BUSINESS &
MANAGEMENT

August 1, 1979

ANTHROPOLOGY DEPARTMENT
ECONOM ICS DEPARTMENT
GEOGRAPHY DEPARTMENT
GOVERN M ENT & POLITICS
DEPARTMENT
HEARING & SPEECH SCIENCES
DEPARTMENT
INFORMATION SYSTEMS
MANAGEMENT
PSYCHOLOGY DEPARTMENT

Mr. Paul Volker, President
Federal Reserve Bank of New York
33 Liberty Street
New York, N.Y. 10045

SOCIOLOGY DEPARTMENT
INSTITUTE OF CRIM 1NAL

Dear Paul:

JUSTICE & CRIM INOLOGY
INSTITUTE FOR URBAN STUDIES
AFRO-AMERICAN STUDIES PROGRAM
LINGUISTICS PROGRAM
BUREAU OF BUSINESS & ECOtvOM IC

Just another note to add my sincere congratulations
on your becoming Chairman of the Federal Reserve Board
to the many thousands of congratulatory letters you must
have on hand by now. I am delighted.

RESEARCH
BUREAU OF GOVERNMENTAL
RESEARCH

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

I hope that since we will be "neighbors," shortly
you and I will have the opportunity at times to get
together.
Cordially,

Adteit/-7f4,
Murray E. Polakoff
Provost

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

fAiRlEigh
diCkiNSON
UNIVERSITY

OffiCE Of ThE pRESidENT

RUTI-1EREORd, NEW JERSEY 07070
(201)9”--5000

August 2, 1979

Mr. Paul Volcker
Federal Reserve Bank
New York, New York 10045
Dear Paul:
Having just emerged from weeks of almost total isolation in
the Adirondacks, I am just catching up on national news items.
To put it mildly, some things happened while I was gone.
President Carter's request that you head the Federal Reserve
Board is added recognition of your many important contributions
and recognizes the high regard in which you are held throughout
the world. We owe you our gratitude for your willingness to
accept the position and the demands which will be placed on the
Chairman during the months ahead. These months will be critical
ones for our nation, and we are fortunate that you will play
such an important role in resolving the problems which face us.
My very best wishes to you.

RECEIVED

Sincerely,

r, f.„0
(-17
Iv
.
A. V.
ANSWERED

ATTENDED

....... .....

.............................

floRhAm-mAdisoN•RUTIIERFORd/WAyNE•TEANECk-liACkENSACkt NEW jERsEy

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

732-8886

HERBERT V. PROCHNOW
ONE FIRST NATIONAL PLAZA -SUITE 2538

CHICAGO,ILLINOIS 60670

August 1, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank
of New York
New York, New York 10045
Dear Paul:
Congratulations both to you and to the
country for your nomination for the Chairmanship
of the Federal Reserve Board.
I happened to be in Paris at the time of the
announcement meeting with about a dozen of the
heads of the world's major banks. All of them
were greatly pleased with the announcement.
You have had a distinguished career and I
am sure will make a further significant contribution to the country.
With best wishes, I am
Very sincerely yours,

HVP/hmc
AUG

ANSWERED
ATTENDED TO

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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RECEIVED
AUG

2 1979

P. A. V.
ANSWERED
ATTENDED

EXPORT-IMPORT BANK OF THE UNITED STATES
WASHINGTON. D.C. 20571

CABLE ADDRESS "EXIMBANK"

BOARD OF DIRECTORS

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

TELEX 89-461

July 26, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
Was absolutely delighted to learn that the
President had nominated you to succeed Bill Miller as
Chairman of the Federal Reserve Board. Congratulations!
I look forward to seeing you in Washington.
Best regards.

Thibaut de Saint Phalle

TSP/ljh

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Babcock International Inc.
1616 NORTH FORT MYER DRIVE
ARLINGTON, VIRGINIA 22209
Telephone 703 522-0700 Telex 89-575

DONALD PARVIN
President and Chief Executive Officer

July 26, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
New York, New York 10045
Dear Mr. Volcker:
Having had the very pleasant opportunity to participate in
one of your luncheon meetings for business executives at
the Federal Reserve Bank in early 1977, when I was directly
involved in the day to day operations of our principal United
States subsidiary company, Acco Industries Inc. (formerly
American Chain & Cable Company, Inc.), I felt that it would
be appropriate for me to add my congratulations to those you
will already have received from many quarters upon your nomination as Chairman of the Federal Reserve Board.
I believe that you will have been most gratified by the universally positive response to your nomination. I am indeed sure
that this is because it is widely recognized that a very firm
hand is needed in the determination of monetary policy at the
present time.
Please accept my very best wishes for outstanding success in
your new demanding role.
Yours sincerely,

Donald Parvin

kECE:IVED
JUL 3 0 1979

DP/gg/897

V.
ANSWERED
ATTENDED

A subsidiary of Babcock & Wilcox, Limited, an independent British company

lol

The Chase Manhattan Bank, N.A.

Robert H. Riley

1 Chase Manhattan Plaza
New York, New York 10015

Vice President

CHASE

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

July 30, 1979

Mr. Paul A. Volcker, President
Federal Reserve Bank of NY
33 Liberty Street
New York, NY
Dear Paul:
Congratulations amongst many I am sure. Gold has now
been stretched almost certainly to one of its longest
human forms! Length has conquered breath.
Sincerely, though, best of luck especially with your
"friends" the French.
If you need any help with odds or ends, do not hesitate
to ask (less than a job which I don't need). Since
finishing law school, my advocations are less time consuming.
Best regards.
Sinc'rely,

Robert H. Riley
RHR:mc

RECEIVED
h

AN
ATTENDED

2 1979
R A. V.
.........
.......... ........ .......

MYER RASH ISH
CONSULTING ECONOMIST

BIB CONNECTICUT AVENUE. N. W.
WASHINGTON. D. C.20006
1202) 466-6700

July 30, 1979

Honorable Paul Volcker
President
New York Federal Reserve Bank
33 Liberty Street
New York, New York 10045
Dear Paul:
I would like to add my drop to the flood tide of congratulations which you
have by now received on your appointment as Chairman of the Fed.
Your appointment was an occasion for celebration at the end of a fortnight
that provided little reason for cheer.
can imagine that your decision was
not an easy one, but I hope that it will prove to be a source of satisfaction
to you at least equal to the value which we all anticipate from it for the country
and the world.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

With warmest regards and every good wish.

THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
1285 Avenue of the Americas, New York, N.Y.10019
554-4947

FRANCIS H. SCHOTT
Vice President and Chief Economist

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

August 2,

1979

Mr. Paul Volcker, President
Federal Reserve Bank of New York
33 Liberty Street
New York, N.Y. 10045
Dear Paul,
Allow me to add my congratulations to the many others
you will have received on your nomination to be Federal Reserve
Chairman.
Your distinguished service in many capacities will be
crowned by your future accomplishments in the top job at the Fed.
You have the determination, the knowledge and the diplomacy to
do it. Most particularly, I hope that you will cut the inflation
rate in half within the next five years!
If there is any way to be of help to you, please let
me know.

Sincerely,

Economic and Financial Consultants

BRIMMER & COMPANY, INC.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

SUITE 916

1201 CONNECTICUT AVENUE, N.W.

(202) 466-3474

WASHINGTON, D. C. 20036

July 27, 1979

Mr. Paul A. Volker
President
Federal Reserve Bank
Of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
Let me congratulate you on your nomination as Chairman
of the Federal Reserve Board
Your talents are much needed.
It will be a pleasure to see you in Washington again, and I
wish you all the best.
Sincerely yours,

Edward K. Smith
Senior Economic Consultant

EKS/by

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BANKERS
280

PARK

TRUST
AVENUE,

CHARLES S. SANFORD, JR., EXECUTIVE VICE PRESIDENT

COMPANY
NEW

MAILING
POST

TELEPHONE 212 692 - 4550

YORK

ADDRESS

OFFICE

BOX

318

CHURCH STREET STATION
NEW YORK, NEW YORK 10015

July 26, 1979

Mr. Paul A. Volcker
Chairman of the Board
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
I
When Bill Simon was named Secretary of the Treasury
found that I was the only person on Wall Street who did
not claim to be his closest personal friend. While I
am not able to make the same claim with respect to you
at least I shall be able to say I know him, which should
raise my social standing down here immensely.
In all seriousness, congratulations.
Kindest personal regards.
Sincerely,

AnRESOURCES,INC.
5025 East Washington Street/ Phoenix, Arizona 85034
Telephone:(602) 267-751.1 TWX: 910-951-1372

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Mailing Address:
PC Box 29008
Phoenix. Arizona 85038

July 31, 1979

Mr. Paul Volcker
Chairman Designate
Federal Reserve Board
33 Liberty Street
New York, NY 10045
Dear Paul:
I was delighted to hear of your appointment as Chairman
of the Federal Reserve Board. My warmest congratulations.
I can't think of anything which will do more to inspire
a renewal of confidence in the U.S. economy, and certainly
you couldn't have taken on this awesome responsibility at
a more challenging or important time. The news reached
me in Europe, and I am dictating this by telephone from
there. I am sure you already know that your appointment
was greeted with universal enthusiasm and relief here.
It would only be right for you to get at least a small
fraction of the value you have already added to the U.S.
dollar.
Again, my very best wishes and warm personal regards.
Sincerely,
/lit • r•
M. F. Strong

MFS:jr

(Dictated but not read)

Princeton Club

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

August 1, 1979

of St.Louis

Mr. Paul A. Volcker
c/o Federal Reserve Bank of New York
Federal Reserve P.O. Station
New York, New York 10045
Dear Mr. Volcker,
On behalf of the 300 members of the Princeton
Club of St. Louis, I would like to extend congratulations to you for your nomination to become the
Chairman of the Federal Reserve Board. I am sure
that, having heard of your appointment, President
Woodrow Wilson is resting comfortably wherever he
may be; if there were ever an opportunity for
Princeton to be in the Nation's Service, this is
it.
Congratulations and Godspeed.
Sincerely,

Donald H. Streett
President
DHS/mrw

BAKER 8c McKENzIE
ATTORNEYS AT LAW

815 CONNECTICUT AVENUE, N. W.
WASHINGTON, D. C. 20006
TELEPHONE (202) 298-8290
TELECOPIER (202) 338-1296

July 26, 1979

CABLE A_130GADO

AMSTERDAM

MINNEAPOLIS

BANGKOK

NEW YORK

BOGOTA

PARIS

BRUSSELS

RIO DE JANEIRO

CARACAS

ROME

CHICAGO

SAN FRANCISCO

FRANKFURT

SAO PAULO

GENEVA

SYDNEY

TELEX 89 -552 (WU)

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

248441 (RCA)

HONG KONG

TAIPEI

LONDON

TOKYO

MADRID

TORONTO

MANILA

WASHINGTON, D. C.

MEXICO CITY

ZURICH

MILAN

Dear Paul:
We were all very pleased with your
nomination, and Annette joins me in sending
congratulations.

However, she was a little

disappointed with your cut in salary!
We look forward to seeing you with
your family in Washington.
With kindest regards,

Sincerely,

Walter A. Slowinski

Mr. Paul Volcker
Federal Reserve Bank
of New York
33 Liberty Street
New York, NY 10045

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

r centre international
d'etudes
•monetaires et bancaires
international center
for monetary
and banking studies}

Dr. Paul Volcker
President
Federal Reserve Bank of New York
33, Liberty Street
New YzDrk, N.Y. 10045
Geneva, August 1, 1979

U.S.A.

Dear Dr. Volcker:
Just a few lines to offer my heartfelt congratulations on
your nomination to the Chairmanship of the Board of Governors.
This is obviously not an easy time in which to take on that
responsibility but monetary policy in the United States could
not have been entrusted to better hands.
Mania joins me in expressing our very best wishes - and
the hope that your new duties will, some day, leave you enough
time to visit us again in Geneva.
With best personal regards.
Yours sincerely,

)(64414-14A
Alexander Swoboda

RECEIIVED
/AUG

8 1979

AKWERED
ATTENDED TO,

Avenue de la Paix 11A - Telegrammes: Cemoba Geneve - Telephone: (022)34 95 48
Adresse postale : Case postale 53 — CH-1211 Geneve 21
Associe a l'Institut universitaire de hautes etudes internationales

CD IVI Pik NI V

NJ I-1 EUSE

1290 AVENUE OF THE AMERICAS, NEW YORK, N.Y. 10019 / (212) 541 - 5200

OFFICE OF THE EXECUTIVE VICE PRESIDENT

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

July 27, 1979
Mr. Paul Volcker
President
The Federal Reserve Bank of N.Y.
33 Liberty Street
New York, N.Y. 10045
Dear Paul:
Absolutely delighted to hear of your appointment as Chairman
of the Federal Reserve Board.
It looks like the Class of '49
is finally getting some meaningful representation in our governWe sincerely hope that it will bring some stability and
ment.
order to the current confusing situation.
If there is anything that I can do to help you in your new
assignment, please don't hesitate to call upon me.
In the meantime, I look forward to seeing you when you come back to the
Club in New York.
Sincerely,

J4_
Michael Singer

MS:bjs

RECEIVED
AUG

2 1979

P. A. V.
ANSWERED
ATTENDED

A DIVISION OF PHILLIPS-VAN HEUSEN CORPORATION

4eUluo tt(NY

DATE OF DISPAICH .c
.

08/06/79 0600 EDTO
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FRNY U129200A TXC3 CH

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VOLCKER

CHECKE:
CONGRATULATIONS FRCM PRINCETON CLUB OF SW144L:k.ND STOP WOULD
LIKE TO ORGANIZE LUNCH IN GENEVA WITH YOU AS SPEAKER FOR AMERICAN
SWISS BUSINESS AND FINANCIAL COMMUNITY STOP PLEASE ADVISE WHEN
THIS MIGHT BE CONVENIENT PREFERABLY WITH MAXIMUM ADVANCE NOTICE
STOP LETTER FOLLOWS
GRAHAM SHANLEY 1950
PRESIDENT

33 AVENUE DE BUDE, GENEVA

T1-115 tir'S
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420198 FRNY Ul
28200A TXCB CHM

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Dear Mr. Shanley:
Thanks for your telex of congratulations from
the Princeton Club of Switzerland.

It's been fun

hearing from all the PCs around the world.
let you know when we can do the lunch bit-sometime when I'm in Switzerland.
Sincerely,

THE CONSUL GENERAL
OF THE FEDERAL REPUBLIC OF GERMANY

Hartmut Schulze-Boysen

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

New York, August 1, 1979

Mr. Paul A. Volcker
President of the
Federal Reserve Bank
33 Liberty Street
New York, N.Y. 10045

Dear Mr. President:
It is a particular honor and pleasure to congratulate
you on your appointment as Chairman of the Federal Reserve
Board.
Having been posted to New York fairly recently, I have
not yet had the privilege of meeting you personally, but
I know both from my predecessor and from my staff at the
Consulate General that you have often been very generous
in cooperating with our Mission and in sharing your views
with many of our visitors from Germany. We also appreciate,
especially, the leading role you have played and will, I hope,
continue to play in the American Council on Germany.
The many messages congratulating you on your new and most
important position that you have doubtless received from
my country will prove to you the high esteem in which you
are held by your German friends.
4

Very truly yours,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

WALTER S. SALANT

.26 1 14 7?

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ROTARY INTERNATIONAL
_fe'rvice /Move..1;11- lie &kb Aosi(aoServes gest
ERNEST H. SLAYBAUGH
Governor, District 723, 1973-74

39 Alden Court
Scarsdale, N.Y. 10583
Tel: 914-472-0148

Member—Consultative Group
USCB-1977-78
Group Discussion Leader
International Assembly-1978

July 27, 1979
Mr. Paul A. Volcker, President
Federal Reserve Bank of N.Y.
33 Liberty St.
New York, N.Y.
Dear Mr. Volcker,
Congratulations on your appointment as Chairman
of the Federal Reserve Board! We have been especially proud of you
as one of our most outstanding Rotary Foundation Fellows.
As chairman of the Rotary Foundation Committee for
the New York area for the past five years, I have often mentioned your
name, along with that of Dean Rusk, Otto Borch (Danish Ambassador to the
United Nations), Bill Moyers, persons connected with the Supreme Courts
of Japan and India, as examples of outstanding young people the Foundation picked years ago who we felt would become future influential leaders
The Foundation now awards over 1,000 full expense
scholarships and fellowships averaging over $9,000. each in what is
probably the largest privately-funded scholarship program in the world.
Congratulations, again. I hope some day I may have
the opportunity of meeting you personally.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Sincerely,
7

Ernest H. Slaybaugh

r.r

v E.

JUL 3 0 1979
iA.

AnigERED.

OWED

......

J1DANBURY BANK
T

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

RAYMOND F. SABATELLA, JR.
PRESIDENT

and TRUST COMPANY

342 Main Street, Connecticut 06810 • Tel. (203) 744-1211

August

,_IL

Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
Federal Reserve P.O. Station
New York, NY 10045
Dear Paul:
Congratulations on your nomination as Federal Reserve
Board Chairman. I doubt anyone envies the difficult role
you must assume, but I did want to add my best wishes for
success to the many you have already received.
Of course, with this move, you will have changed jobs
more frequently than I (except that I haven't taken a pay
cut). I assumed my current position a year ago -- and now,
effective August 6, I will be back in the national banking
system when I begin a new job as President of the National
Trust Bank of Florida at St. Petersburg. It seems as though
fate (or foolishness) has condemned me to a life of getting
troubled banks on sound footing. If you are ever near St.
Petersburg, please give me a call at (813)- 347-9711.
Paul, I wish you all the best; and, if I might ever be
helpful in your new adventure, let me know.
Best pers nal regards,

.0KF.
RFS/ltt

Sabatella, Jr.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

EMBASSY OF THE
UNITED STATES OF AMERICA

Bonn, Germany

July 27, 1979

The Honorable
Paul A. Volcker
Chairman-designate of the Board of Governors
of the Federal Reserve System
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045

Dear Paul:
I was delighted to learn of your appointment as Chairman
of the Federal Reserve--to put someone so well qualified
into the job is almost too good to be true! I can only
imagine what personal sacrifices are involved for you in
the coming move--but, certainly, the country will be
well served by your appointment, and all of your friends
in Germany are highly pleased.
I trust you will be coming to Germany on a visit before
long. As you know, if you ever feel the need for
guidance and advice, this is the place to get it--and,
remember, these guys eat gold in their soup!
With congratulations and warmest best wishes,
Sincerely,

Walter J. Stoessel, Jr.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

BEATRICE

AND

MERRITT SHERMAN

July 31, 1979

Dear Paul,
I am delighted with your designation to be Chpirman
of the Board of Governors of the Federal Reserve System.
I send you my sincere congratulations on being appointed
to this key post, along with best wishes for a satisfying
and successful leadership in a position that has such
potential for the welfare of our country and all the world.
Although your task of combating inflation seems epecially
complex and difficult at this particular time, I personally
in knowing that you
feel comfortable -- and confident
acce pt the responsibility.
Not the least or my nl-asure in your selection derives
from the belief that, apart from your competence in the
monetary policy/financial area, you will give strength to
continuing those features of our decentralized central
banking system that are unique within, and blend so well
into, our Federal structure of government.
Good luck and many Happy Landings, Paul, and my wife
joins in sending heartiest greetings!
Faithfully,

Mr. Paul A. Volcker, President
Federal Reserve Bank of New York.

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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

July 30, 1979

Paul Volcker
Federal Reserve Board
Washington, D.C.
Dear Sir:
My good friend joins with me in this letter
wishing you the very best of luck in your
new position.

Respectfully yours,
,

el Sugarmahc/o Collingwood Hotel
45 West 35th Street
New York, New York 10001

S. G. WARBURG & CO. LTD.

Telephone:
01- 600 4555

(Incorporating Seligman Brothers)

Telegrams:
WARBURCO, LONDON.

30, GRESHAM STREET,
LONDON,

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

International Telex:
888476

EC2P 2E13

2nd August 1979

36, ?,(
I cannot think of any appointment since the last U.S.
President election which has attracted more international
interest and acclaim or carried more hope and responsibility
than yours to the chairmanship of the Federal Reserve Board.
Inevitably you will not be as accessible as you have so
kindly been to me in recent years, but I hope you will continue
to keep in mind the open trout fishing invitation which I extended
to you at Anthony Rawlinsonis last fall.
I send you my heartiest congratulations and every possible
good wish in your vast and vital task.

tik t•At/t4t,

Ax,h i

f,^44A—dtb(

David Scholey

Mr. Paul A. Volcker,
Federal Reserve Bank of New York,
33 Liberty Street,
New York, N. Y.

DGS:er

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............

.............

Registered Office: 30.Gresham Street, London. EC2P 2EB. Registered in England No 292689.

MIN1STERE DES AFFA1RES ETRANGERES,
DU COMMERCE EXTERIEUR ET DE LA
COOPERATION AV DEVELOPPEMENT

WOO

BRUXELLES,

le July 27, 1979

RUE DES QUATRE-BRAS, 2
TEL. : 513.62.40

Le Y1lirtiititz cle3
Va.Ow ettangtt;ibei
HS/JW

Dear Mr Volcker,

It was not a real surprise but a true pleasure to hear about
your appointment to be Chairman of the Federal Reserve Board.
Since I had the privilege in meeting with you during my last
stay in New-York, early april this year, at the Lehrmann's
Institute, I am deeply convinced that your qualify in every
respect to face the challenges of your high office.
I wish you success in your task and hope to meet again with
you early october when I expect to be back in New-York.

Yours ever,

Mr. P. VOLCKER
Chairman of the Federal Reserve Board
WASHINGTON D.C.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

CHAIRMAN

TED
BARCLAYS BANK LIMI
54 LOMBARD STREET
LONDON, EC3P 3AH

27th July, 1979

will have
The news in this morning's paper
friends all over
given great pleasure to your many
the world, not least in London.
Many congratulations.

4.4.4.-/1

tri.v: C4Wie

Mr. Paul Volcker,
Bank of New York,
President of the Federal Reserve
New York,
N.Y. 10045,
United States of America.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis

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Made in U S A

25A750-2

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

DAVID R. TILLINGHAST
ONE WALL STREET
NEW YORK, N.Y. 10005

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,

https://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.
Si'ely yours,
AUDIO CORPORATION

SFT/me

Telex: 12-9269
Reply to: Headquarters: 741 Washington Street, New York, NY 10014 X"'(212) 741-7411
Sales Office: 1710 N. LaBrea Avenue, Hollywood, CA 90046 °A'(213) 874-4444

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Adresse provisoire :200, rue de la Loi, 1040 Bruxelles — Telephone 35 00 40-35 80 40 — Adresse telegraphique:«COMEUR Bruxelles* —
Telex: «COMEURBRU 21 877*
0,14e
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Federal Reserve Bank of St. Louis

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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

THE FIRST NATIONAL BANK OF CHICAGO

RICHARD L.THOMAS
PRESIDENT

July 31, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank
of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
Just a note
many others
appointment
the Federal

to add my hearty congratulations to the
you have already received on your recent
as Chairman of the Board of Governors of
Reserve System.

I'm sure the confirmation proceedings will move along
very swiftly. You are obviously the ideal choice for
this tremendously important position, and I know you
have the best wishes of everyone in the country for
great success in your endeavors.
Yours sincerely,

RLT:ns

DR. FRANZ -JOSEF TROUVAIN

OROSSE GALLUSSTRASSE 10-14 I

27.7.1979

6000 FRANKFURT AM MAIN

CHEF-VOLKSWIRT DER DEUTSCHEN BANK AQ

Mr. Paul A. Volcker
President of the
Federal Reserve Bank of New York
33 Liberty Street
New York,

https://fraser.stlouisfed.org
Federal 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,

RECEIVED
AUG 8 1979
P. A. V.
ANSWERED
ATTENDED

KAM:WM.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Chairman
KENNETH H. MILITZER
American Telephone & Telegraph Co.
P. O. 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. O. Box 60400, Terminal Annex

Mr. 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,

nap

Robert P. Ulin

Dr. Werner Ungerer
AUSWARTIGES AMT

Bonn, 7th August, 1979

1 '/
/1- .

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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

06-(t /14-t VICS6,Nc
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 tires
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.

I hope to see you again when you come to Bonn - which
certainly you will.

•
•'''''

'''''•''''

........

....r...
...........

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

FRANZ H. ULRICH
CHAIRMAN OF THE SUPERVISORY BOARD
DEUTSCHE BANK AG

KONIGSALLEE 45
0-4000 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 Federal
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,

Cfi

Mr. Paul A. Volcker
Chairman
Board of Governors
FEDERAL RESERVE SYSTEM
Twentieth Street and
Constitution Avenue,
Northwest
Washington D. C. 20551
USA

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 FED
in New York, who has ample experience of your warm hospitality.

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Sincerely yours,
Michael Vranopoulos

1 Manager

RECEIVED
AUG 2 i 19/9
P. A. V.
ANSWERED ...,............
ATTENDED TO,
,„............ ......

ila
L Lincoln First Bank,N.A.
William B. Webber
Vice Chairman

July 31, 1979

Mr. Paul A. Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10045
Dear Paul:
While it is not The New York Times, I thought you might be
interested in yesterday's copy of The Daily Record, which
is the Rochester area business and legal daily newspaper.
I think the article is reasonably accurate - or will prove
to be so - with the exception that I may have your mother
located in the wrong community.
Paul, Jackie and I wish you the best of luck in your crucial
new role. Since the article says it all, I won't repeat it
in this letter. We are proud of you, and I am proud to De a
part of your team.
Best wishes.
Sincerely,

William B. Webber
WBW:JM
Enclosure

One Lincoln First Square, Rochester, New York 14643, Telephone: 716-262-4121

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ROBERT F. WEINIG

July 26,1979
Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
New York, N.Y.
Dear Mr. Volcker:
System
Your appointment as head of the Federal Reserve
is most heartening. We applaud your emphasis on a "Dis
ciplined" monetary policy.
y
As I see it, a bettf'r way must be found to control mone
and credit in proper direct relation to the fluctuating
real Gross National Product.
But to cure inflation will require an integrated TOTAL
disAnti-Inflation Program, with fiscal and cost/price
cipline as well as monetary°
Cost/Prdice inflation
innovative pragmatic
I have some thoughts
to share with you if

is out of control. There must be an
approach which has not yet surfaced.
along this line which I should like
you are interested.

Best wishes for continuing success in your new responsibility.
Sincerely,
Robert F. Weinig

RECEIVED
AUG

2 1979

P. A. V.
ANSWERED

ATTENDED

.......

.........

..........................

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

ERNEST H. WEINWURM

July 26,1979

Mr. Paul Volcker, President
FedelaiReserve Bank of New York
New York New York 10045
Dear Mr. Volcker:
I would like to add my very small voice to the innumeral
ones which you certainly will receive at the occa
sion
of your appointment as chairman of the Federal Rese
rve
System.
I think there will be almost unanimity that
no better man could have been selected for this
position which is certainly the most important one worldwide in the financial field ( as was the chai
rmanship
of the Bank of England once in the days of Mont
ague
Norman) .
I can only express my hope and expectation that your
tenure will be as successful as it can be, consider
ing
all the pitfalls which you will have to anticipate.
If only your father, my good friend, could have live
d
to witness this elevation of his son. I don't know
if your mother is still alive; if it is the case,
will you transmit to her my best regards.
sincere

emeritus pvofessor of accounting

RECEIVED
JUL 3 0 1979
ANsvvE.Nai,
ATTENDED TO

CHAIRMAN

KENNETH RUSH
VICE CHAIRMEN

HENRY H. FOWLER
THEODORE C. ACHILLES
HARLAN CLEVELAND
EMILIO G. COLLADO
WM. McCH MARTIN
DAVID PACKARD
EUGENE V. ROSTOW
ANDREW J. GOODPASTER

THE ATLANTIC COUNCIL
OF THE UNITED STATES
TELEPHONE (202) 347-9353
1616 H STREET, N.W. • WASHINGTON, D.C. 20006

CABLE:

ATCOUN

TREASURER

PERCIVAL F. BRUNDAGE
SECRETARY

August 1, 1979

TOM KILLEFER
DIRECTOR GENERAL

FRANCIS 0. WILCOX
DEPUTY DIRECTOR GENERAL

JOSEPH W. HARNED
ASSISTANT DIRECTOR GENERAL

MARTHA C. FINLEY
DIRECTORS
DAVID M. ABSH IRE
DAVID C. ACHESON
DONALD G. AGGER
ANNE ARMSTRONG
WILLIS C. ARMSTRONG
EDWARD W. BARRETT
ANDREW H. BERDING
JUSTIN BLACKWELDER
GENE E. BRADLEY
WILLIAM A. M. BURDEN
NODDING CARTER III
WILLIAM J. CASEY
SQL C. CHAI KIN
G. A. COSTANZO
FREDERICK L. DEMING
ROBERT L. DENNISON
RUSSELL E. DOUGHERTY
WILLIAM D. EBERLE
ROBERT ELLSWORTH
BROOKS EMENY
SHERWOOD L. FAWCETT
WILLIAM H. G. FITZGERALD
WILLIAM C. FOSTER
GEORGE S. FRANKLIN, JR.
LINCOLN GORDON
JOHN E. GRAY
LIVINGSTON HARTLEY
CHRISTIAN A. HERTER, JR.
JOHN D. NICKERSON
MARTIN HILLENBRAND
CLAIRE G IAN NINI HOFFMAN
JEROME HOLLAND
J. ALLAN HOVEY, JR.
THOMAS L. HUGHES
JOHN N. IRWIN II
U. ALEXIS JOHNSON
ISAAC C. KIDD. JR.
HENRY A. KISSINGER
PETER F. KROGH
CAROL LAISE
JOHN M. LEDDY
LYMAN L. LEMNITZER
WALTER J. LEVY
WINSTON LORD
JAY LOVESTONE
DAVID W. MACEACHRON
JAMES S. MCDONNELL
GEORGE C. MCGHEE
ROBERT M. MCKINNEY
LAWRENCE C. MCQUADE
HARALD B. MALMGREN
EDWIN M. MARTIN
GEORGE MEANY
SAMUEL W. MEEK
PAUL H. NITZE
FREDERICK E. NOLTING, JR.
ROBERT E. OSGOOD
HENRY H. PORTER
JACQUES J. REINSTEIN
EMMETT J. RICE
CHARLES W. ROBINSON
ROBERT V. ROOSA
H. CHAPMAN ROSE
DONALD RUMSFELD
NATHANIEL SAMUELS
J. ROBERT SCHAETZEL
ADOLPH W. SCHMIDT
CORTLANDT V. R. SCHUYLER
BRENT SCOWCROFT
JOSEPH M. SEGEL
JOSEPH J. SISCO
HELMUT SONNENFELDT
FRANK A. SOUTHARD, JR.
STEPHEN STAMAS
TIMOTHY W. STANLEY
CARLETON M. STEWART
RALPH I. STRAUS
ROBERT STRAUSZ-HUPE
ELLSWORTH TOMPKINS
PHILIP H. TREZISE
WILLIAM C. TURNER
MARINA V. N. WHITMAN
WATSON WISE
JOSEPH J. WOLF

Hon. Paul Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
New York, N. Y. 10005
Dear Paul:
I was delighted to hear about your appointment as
Chairman of the Federal Reserve Board. Please accept my
hearty congratulations. In the light of present world
conditions, that is an exceptionally important appointment but I know you will do an outstanding job. In fact
I am counting on you to get the dollar straightened out
and inflation under control within the next year. I
hope that is not asking too much!
In any event I did want you to know how pleased I
was at your appointment. My confidence in the dollar
and in the economy has gone up substantially even though
you haven't yet taken over.
With warm good wishes for every success in your new
post, I am
Cordiall

yours,

ncis 0. Wilcox

RECEIVED
['MG 7 1979
P.A.V.
ANSWERED
ATTENDED

HONORARY DIRECTORS
FRANK ALTSCHUL
GEORGE BALL
EUGENE R. BLACK
C. DOUGLAS DILLON

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

JOHN FERGUSON III
THOMAS K . FIN LETTER
RALPH C. M. FLYNT
ALFRED M. GRUENTH ER

ANDREW HEISKELL
AMORY HOUGHTON
HENRY M. JACKSON
JACOB K. JAV ITS

RUTH C. LAWSON
HENRY CABOT LODGE
JOHN J. MCCLOY
WALDEN MOORE

LAURIS NORSTAD
ED M UD ORG I LL
LITHGOW OSBORNE
HERMAN PHLEG ER

WILLIAM P. ROGERS
DEAN RUSK
CHARLES M. SPOFFORD

11111.11.P

Ballston Spa
National Bank

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

MAIN OFFICE
BOX 70

BALLSTON SPA, NEW YORK 12020
TEL. 885.6781

Amber Fetleramurance CorporM109

August 3, 1979

Paul Volcker, President
Federal Reserve Bank of New York
Federal Reserve P.O. Station
New York, New York 10045
Dear Paul:
Congratulations upon your confirmation as Chairman of the
Board of Governors of the Federal Reserve System.
The appointment is a high personal tribute to you, and an
outstanding public recognition of your abilities and
achievements.
I am confident that your judgment, insight, and understanding
of domestic and international monetary affairs, which has
earned the respect of officials throughout the world, will
continue to be supported as you are confronted with the many
critical decisions of your new office.
It has been a distinct privilege for me to have had the
benefit of your association during the past year; and on
behalf of Dorothy and myself, we extend our best wishes for
every success.

Sincerely,

James Whelden,
President
JW:kml

iRECEIVED
AUG
ANSWERED
ATTENDED TO

7 1979

Goldman, Sachs & Co. 55 Broad Street l NewYork, NewYork 10004
Tel: 212-676-8277
John C. Whitehead

Senior Partner
fioldman
melts

August 1, 1979

Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York 10038
Dear Paul:
The news is just terrific and I congratulate you! One could
argue that right now the job of heading the Fed is the most
important job in the world. Certainly if anyone anywhere
has a chance to bring inflation under control, you are the
one with the best combination of toughness and universal
respect.
Please know that you have 100% support from me and from all
of us at Goldman Sachs. If we can ever help, you have only
to ask.
Jaan joins me in sending you our warmest regards and best
w s es.

New

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

rely,

kmt

RECEIVED

ANSWi-J(Lu
ATTENDED TO

York I Boston I Chicago I Dallas I Detroit I Houston I Los Angeles I Memphis I Miami I Philadelphia I St. Louis I San Francisco

Hartford, Connecticut 06152

N-N-JE

'DE'

Gr--3E 1LV--3E

MAL

17•447-

Frazar B. Wilde
Chairman Emeritus

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

July 27, 1979

Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
Federal Reserve P. 0. Station
New York, NY 10045
Dear Paul:
It's hard to find words to congratulate you enough and at the same time
express my deep appreciation for your contribution to the country in
accepting the responsibility of heading up the Federal Reserve.
You have set an example which I wish others would follow in taking a
post involving a financial sacrifice and accepting a job which in one
sense is almost in the classification "One Can't Win." I am sure there
are others in the country who appreciate as I do what a great thing it is
for the nation and for the President that you are willing to accept this
job.
Kind personal regards and congratulations.
Sincerely,

FBW:npm

Sr"

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

GIRARD BANK

Girard Plaza
Philadelphia PA 19101
Tel (215) 585-2279

J J WIECKOWSKI
Executive Vice President

July 26, 1979
Mr. Paul A. Volcker, President
Federal Reserve Bank of New York
33 Liberty Street
New York, N.Y. 10045
Dear Paul:
Just a note to express my gratification and
satisfaction with the superb choice the President has made in nominating you to be Chairman
of the Fed.
You have my best wishes for a fruitful and fulfilling career.
With warm regards,
Sincerely,

RECEIVED
AUG

2 1979

P. A. V.
ANSWERED
ATTENDED TO.„,

Equibank N.A.
Oliver Plaza
Pittsburgh, Pa. 15222
James G. Wilson
Senior Vice President &
Manager Investment Department

immow—mmizquibank

Augu,,,t 2, 1979

Mr. Paul A. Volcker
Chairman-designate
Board of Governors
Federal Reserve System
Washington, D. C.
Dear Paul:
May I add my "Congratulations and Best Wishes" to those of your
many friends and admirers who are elated to hear the news you
will be giving financial leadership to our country and the Free
World at this crucial juncture in our history.
On the occasion of our first meeting in Washington in the early
60's I was deeply impressed with your ready willingness to
exchange views on the Money Markets and I will long remember
the many courtesies which you extended to me on those occasions.
In another
pensioners
discipline
retirement

year and a half I
and the knowledge
reassures me that
and not resort to

will join the ranks of the
you are in charge of monetary
I should be able to enjoy my
the tin cup routine.

Any time you visit Pittsburgh, you can be assured I will stand
by with a ready supply of your favorite stogies.
Sincerely,

RECEIVED
James G. Wilson

l'ALIG

9 1979

JGW/ls
P. A. V.
ANSWERED
ATTENDED TO,.

An Equimark Company

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1,141111

LEA
western union

YSA229(1032)(4-01S879S226)PD 03/1 4/79 1031
ICS IPMMTZZ CSP
2123494321 TDMT NEW YORK NY 32 08-14 103IA EST
PMS PAUL A BOLCKER FEDERAL RESERVE BOARD, DLR
33 LIBERTY ST
NEW YORK NY 10005
HARRY KEEFE AND I CONGRATULATE YOU ON WELL DESERVED APPOINTMENT AS
CHAIRMAN OF THE FEDERAL RESERVE BOARD. IF YOU NtED TO KNOW ANYTHING
ABOUT THE 14,400 U.S. COMMERCIAL BANKS JUST CALL US
RON WITTREICH
NNNN

RLICEIVE D
la3 1 4 1979
P. A. V.
..............
ANSWERED ................
..............................
ATTENDED

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Federal Reserve Bank of St. Louis

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CBS
'NEWS
A Division of CBS Inc.
2020 M Street, N. W.
Washington, D.C. 20036
(202)457-4321

Dear Paul:
Congra ulations! It will be good to have the Volcker
family back in Washington again.
I have called your office in New York to invite you to
be our guest on FACE THE NATION in your first network
news interview program after confirmation as head of
the Federal Reserve Board.
Say hello to Barbara, I look forward to seeing you all
soon.
Bes
M r 0. Y tes
Co-Prodd r
FACE THE NATION
Paul Volcker
President, New York
Federal Reserve Bank
33 Liberty St.
New York, New York
10045
July 25, 1979

RECEIVED
JUL 3 0 1979
ANSWERED .............
ATTENDED TO
„..,...................

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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Huntington

Huntington Bancshares Incorporated
Columbus Ohio 4321 5
17 South High Street

July 25, 1979

Mr. Paul Volcker
President
Federal Reserve Bank of New York
33 Liberty Street
10045
New York, New York

Dear Paul:
Thank God you can afford to take a pay cut.
you badly in your new job.

We need

Congratulations!
Sincerely,

Bill Zentz
BZ/vm

Full text of Paul A. Volcker Papers : Congratulatory Letters : 1979, Duplicates, Box 7, Item c123

FRASER