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http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • -46arca,a04;avi"var 114•2=,:- , Collection: Paul A. Volcker Papers Call Number: MC279 Box 21 Preferred Citation: Telephone Messages: 1969; Paul A. Volcker Papers, Box 21; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://fuidingaids.princeton.edu/collections/MC279/c258 and https://fraser.stlouisfed.org/archival/5297 The digitization ofthis collection was made possible by the Federal Reserve Bank of St. Louis. From the collections of the Seeley G. Mudd Manuscript Library, Princeton, NJ These documents can only be used for educational and research purposes ("fair use") as per United States copyright law. By accessing this file, all users agree that their use falls within fair use as defined by the copyright law of the United States. 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Mudd Manuscript Library 65 Olden Street Princeton, NJ 08540 609-258-6345 609-258-3385 (fax) mudd@princeton.edu http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1 - Wednesday, Dec. 31, 1969 9:40 AM - Chairman Martin's secretary called to extend the invitation to lunch at the Fed Board today for Gov, Robertson, who will host. (Chairman Martin is away.) Is it all right to accept? YES NO Messrs. MacLaury, Geng, Snyder and Cook are available and free to attend. NOTE: 10:50 AM Secy's Dining Room is closed. The Secretary is going to have lunch at his desk, Mr. Weatherbee's office called with regard to lunch in the Secretary's Dining Room today. his secretary that you probabl I have told will be going to the Fed for lunch, but can't say de initely until we have your acceptance Se indicated t the Dining Room would be closed if y u do accept t e Fed invitation, for yourself and the'financing groui. The Secretary has ind cated he will ave lunch in the Dining Room if it is o en. 10:20 AM - Mr. Hirschtritt called. you. He would like to come in to see (2803) 10:20 AM - Mr, Thomas of the London Times called and would like to speak with you on the phone about the gold agreement. Do you wish to handle any calls from the press on this or shall we refer to Mr. MacLaury or Mr, Nelson? 347-7659 10:25 AM =- Mary Harris called and would like a word with you on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the phone. 2533 Messages for Mr. Volcker December 31, 1969 - 2 - if he might see you 11:15 AM - Mr. Wallich stopped by and asked some time this afternoon. I tentatively suggested 3:30. Is this all right? YES NO dar for Tuesday aflpr11:20 AM - Mary Harris called to check your calen noon, January 13th. The Secretary has asked to see you and but menMr. Petty (she was unable to say on what subject; asked tioned te fact that no papers would be needed) and that we set the time at 4:00 p.m. ON CAL. say that Mr. Mitchell 11:25 AM - Derek Mitchell's secretary called to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis arrangeis anxious to see you this afternoon to talk about ments for part of the Prime Minister's visit. (The Prime sday, Minister will be in Washington on Tuesday and Wedne January 27 and 28.) Mr, Mitchell wants your advice on a 1/2 hr. tactical problem and said it would take no more than I suggested 3:00 p.m. Is this all right? YES NO OTHER / Messages for Mr. Volcker - 3 - December 31, 1969 4:10 PM - The secy. to Mr. Peter Towe, Minister at the Canadian http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Embassy (he's second in command ranking just under the Ambassador), called to extend an invitation to youand Mrs. Volcker from Mr. and Mrs. Towe to a farewell dinner they are giving for Amb. and Mrs. Ritchie at 8:00 PM on Friday, Jan. 23rd, black tie, at the Towe residence, 3550 Tilden St., N.W. Cal. is clear that evening but that is the day Mr. Geng asked me to hold for a possible trip to NY in preparation for the refunding; however, you could, if you wished, get back in time for the dinner. ACCEPT REGRET 332-1011 1 - Messages for Mr. Volcker REMINDERS: December 30, 1969 You wanted to call Leonard Silk, 4406 Macomb, 362-2126. Did you talk to Mr. Englert about FNMA & usueyylews? 12:10 PM - Mr. MacLaury stopped by and said he'd like to see you before lunch. RE TRAVEL: Messrs. Daane and Solomon are taking the 3:30 PM American flight on Sunday and Gov. Daane is returning on the 4:30 PM American flight on Tuesday (Solomon is taking the 6:30 PM flight back). Mr. Watts, of Brown Bros., who is handling arrangements for the meeting, told Pat in Daane's office that he thought if Gov. Daane stayed until after lunch on Tues., that would be all right. OK to put you on the 4:30 American flight on Tuesday too? YES NO 5:45 pm - Mr. Wieczorowski called. He asked that his call be returned. (181 - 2776) 6:00 pm - Mr. Wieczorowski called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He is anxious to talk with you n tomorrow this evening, since he will be leaving Washingto pm He can be reached at Mr. Rice h home after 7:00 for a week. on . • Messages for Mr. Volcker - 1 - Monday, Dec 29, 1969 9:15 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room. 9:20 AM - Mr. Dale called with a reminder: That you ought to arrarge for a suitable high level NAC meeting on South African gold (as you and he had talked about on Wednesday, the 24th). 9:21 AM - Dick Janssen of the Wall Street Journal called. He said he had talked with you during the holiday period and you had suggested that he call for an appointment with you for sometime today or tomorrow. this afternoon? Is it all right to give him 4:30 pm YES NO t OTHER (783-0164 - or Treasury 2237) 7 9:40 AM - Mr. Nelson stopped by. He would like/to discuss the draft of sale the Bundesbank proposed statement on the gold/staimmeRt with you and suggested that we call him when you are free. (2884) 10:25 AM - Mr. Feller in Tax Legislative Counsel called and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis is getting a lot of calls about the Eileen Shanahan article in the Times and another article on page 9 of yesterday's Post about the value added tax and attributing the information about it to a Treasury source. He said no one in the office of Tax Legislative Counsel has done any work on the value added tax and he was trying to find out if there was any substance to the news stories and said Mr. Rossides also asked him to find out because they Messages for Mr. Volcker December 29, 1969 - 2 - have countervailing duty cases pending and don't want to take action on them if something of this sort (VAT) is in the offing. <eller is on Ext. 5815. Mt/k 10:30 AM - Mr. Willis called. He would like to talk with you for a few minutes this morning (he is on leave this week, but came in for a short while this morning) about the Ossola letter and several other matters. (5334) 1A:15 AM - Mr. Cohen called. (5363). -- His secretary said he was poked talking to someone at the White House at the time you your head in. 11:30 AM - Mr. Widman's office called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He had Mr. Korp on the telephone then and Mr. Kurp was inquiring as to whether the letter to Mr. Ossola had been signed. as yet. I told her it had not come out of _ 3 _ Messages for Mr. Volcker Monday, Dec. 29, 1969 11:45 AM - Wilners Riox called about your suit which had been promised for today. He said they were running late -- and that your suit would be ready and available for pickup at any time after 12 noon tomorrow. (1714 L Street, N.W.) 3:00 PM - Mr. Uhlin of Mobil Oil called. H said kIN it was personal and he would call back again tomorrow. 3:40 PM - Mr. Reimann, of International Reports, called from NY and said he would like to speak to you today about certain interpretations re South African gold. His number in NY is 477-0003. 6:20 PM - Mr. Englert called from home and said he didn't know whether you needed to talk to him tonight about FNMA or not but he will be at home if you want to call him. NOTE: Exec. Sec. was asking about the reply to the Hayes letter, on which they had put a due date of Dec. 22. I had routed to Mr. MacLaury, who said he needed some guidance from you before drafting a reply, so I put a note on to that effect and put it on your desk. Mr. MacLaury said today he could draft a reutine kind of reply, if that is the way you want it handled. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr, Volcker - 1 - December 24, 1969 2:55 PM - Janice called and would like you to call her. 3:00 PM - Mr. Dale called and said to tell you and Gov. Daane that he was called a little while ago by Mr. de Vries who gave him the message from Mr. Leiftinck that Zijlstra had exactly the same understanding that Gov. Daane had given to de Vries at lunch-time, so Zijlstra has no further difficulty. Zijlstra will be talking with his Basle colleagues Monday morning on this and expects to be able to work it all out quite readily. 3:20 PM - Mr, Deming called you from NY; his secy said he would be leaving his office soon to go home to Princeton but wouldn't reach there for about two hours. If you have a chance, please call him there; otherwise, he'll call ;you Monday morning, NY Operator 410 - Princeton, N.J. - 3:30 PM - Mr, Schaffner stopped by to wish you a Merry Christmas http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker 9:18 am - - 1 - Mayo called. Tuesday, December 23, 1969 He asked that his call be returned. (103-4840) , 9:20 am - Peer Flannigan called. He asked that his call be returned. (145-2363) 9:25 am - Mr. MacLaury called. He would like to have a few minutes with you when you are free -- on airports/airways. 9:30 am - C)airman Preston Martin called. returned. (5848) He asked that his call be (129-5537) 3:35 pm - Dick Janssen (Wall Street Journal) called. He said you talked to somebody about gold yesterday -- and his question is: Would you talk with him today? NOTE: (783 - 0164) I explained to him at the time of his call that you Pm had several of your staff with you and a 3:30/meeting with a group ready to start. 4:25 pm - Jan Nugent, of the Washington Post, called in the absence of Bart Rowen (who is out of the city this week) with some questions on gold. She hoped you might find time to return her call sometime this afternoon. (223 - 6000 - Ext. 342). (I told her you had a meeting going on in your office at present and didn't know how soon you would be free.) 5:00 PM - Mr. MacLaury would like to speak to you when you are free. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker 1 Monday, December 22 1969 9:40 AM - Mr, Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. NOTE: The Secretary's travel plans have been changed; he is not leaving Washington until 10:00 p.m. The Secretary is having lunch in the Dining Room today, However, the Dining Room will be closed for the remainder of the week -- no cook,, 10:10 AM - Mr. Dale's secy called and said Mr. Dale sent a note out http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of Board mtg. for you as follows: "The following has been given to me by de Maulde (French Alt, Director) as a message from Larre to Volcker: 'Pursuant to their conversation yesterday, Dec. 18th, Mr. Larre will take the opportunity of the coming meeting at Arden House, New York, early January to explain to Mr. Volcker the reasons why a reduction of the French quota under $1„5 billion did not seem to him to be in line with the understanding reached at previous OECD meetings in Paris.'" Messages for Mr. Volcker - 2 - December 22, 1969 12:00 M - Mr. Kearns called and would like you to call him. 128 - 21131 12:45 PM - Mary Taylor, of Reuters, called from the Treasury Press Rm. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and said the would like to talk to you about the gold agreement; the London papers are saying the IMF would be the sole purchaser of gold under the agreement, about which she knows very little, and she hoped for either a confirmation from you or a no comment, 2157 Messages for Mr. Volcker December 19, 1969 - 1 - 10:38 AM - Mr. Dale's secy. called and said he sent a note out of the Board meeting which read: "Let Mr. Volcker know that my proposal on the ;quota numb s failed rather quickly. The Italians and French limn diately said it was not acceptable. Schleiminger said we mus reach a reasonable c now recognize that all efforts to romise within 33 percent have failed; he was sorry but he wanted to thank the U. S. authorities for their efforts outside the Fund and for my proposal. He then put the German number back to $1,600 million. I agreed we had to admit all efforts had failed and put the U. S. number back to $6,700 million." 11:55 AM - Gov. Daane called when you were talking to Mr. Solomon and said he had a call from Zijlstra and needs to talk to you before the day is out -- he wants to tell you about the conversation and also check with you about sending the documents to Zijlstra. 147 - 211 12:10 PM - Mr. Ross called you; said he'd be available for a short time around 2:00 and again around 3:30. I told him yours schedule and he said he'd be in his HUD office tomorrow, if you wanted to talk to him then. 2:12 PM - Mr. Dale called. (181-3067)(/*Tr i He asked that his call be rett, -u7V. t,,, Nul 2:20 PM - Secy would like to see you as soon as you return. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - Messages for Mr. Volcker Friday, Dc c. 1911969 2:20 pm - Mr. Lacoma of Wilmers' Clothing (1714 L St., N.W., 223-3393) called to say that your suit is in for a try-on. (Note; The store is open until 6:00 p.m. only this evening.) 3:30 PM - Mr. Bean called and said on Dec. 9 Mr. Carlock sent you a memo saying when an opportunity came he would like to discuss some questions involving investment of German funds in Eximbank securities. Mr. Bean said Exim is askirgwhat the decision is on a $75 million investment. Mr. Bean asked me to pass this along to you and bring Mr. Carlock's memo to your attention. I've a looked but am unable to find Mr.Carlock's memo. (xerox copy attached) 5:30 PM - Ed Bernstein called and asked if you could have lunch with him and Bob Wain at the Cosmos Club on next Monday or Tuesday (Monday if usual day for possible Fed lunch here but you're free for lunch on Tuesday) or, barring that, if you could see them sometime one of those days. I asked if he knew what Mr. Uhlin wanted to talk about and he said almost aarely oil import but that he, Bernstein, wanted to talk about gold. He asked us to call him on Monday morning (I had told him I thought Monday lunch was almost surely out) Do you want to have lunch with them on Tuesday? 296-6662 YES NO 7:00 PM - Bill Mle called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker 8:45 AM - Congressman Reuss called. - 1 - Thursday, Dec.18,1969 He asked that his call be returned. (I told his secretary you had just left for a staff meeting and probably would be back by about 9:30 a.m., and she said the Congressman would be in his office then.) --(180-3571) Secretary's 9:30 AM - Mr. Weatherbee's office called to say that the Dining Room will be open today. you will have lunch there? Is it all right to say that NO YES (You have written "Kacser" alongside 1:00 p.m. on your calendar for today.) 10:15 am - Mr. Dale's secretary called with a question he had sent out http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to her from the Board meeting: Should the two gold documents be made bilaterally available (by Mr. Dale) to at least some Directors as a basis on which to start proselytizing? YES NO Mr. Dale noted that he'filight better start talking to some of them, at least the Germans, British, Canadians, Italians, Dutch, Belgians, Scandinavians and Latins." (181-3067) Thursday, Dec.18,1969 - 2 - Messages for Mr. Volcker 10:44 AM - Mr. Petty called. He asked that his call be returned. -2522- 1:45 PM - Mr, Kearns called. He asked that his call be returned. (128 - 21113) 2:00 PM - Chrm. Preston Martin returned your call. 129 - 5321 2:05 PM - Gov. Daane called and left no message when I said you were having lunch out of the ;building and were due in the Consultations meeting at 2:30. 2:20 PM - Mr.Widman's office called and said he wanted you to know that Mr. Korp is in the building this afternoon -- in case you want to see him about anything„ Mr. Korp will be leaving the building around 4:00 or 4:30 to return to Rome. 2:45 PM - Mr. Dale called with the message: (1) that Mr. de Kockvill be in at 5:30 pm. and that Mr. Dale will not be coming; (2) that Mr. Dale has indicated to Mr. de Kock that you want to give him a letter for Mr. Browne which you want to discuss with Mr. de Kock; and (3) Mr. Dale has confirmation from Mr. de Kock that the $25 million of rand kx to be included in the U. K. package will be converted into gold. Do you wish to ask Mr. Nelson and/or to sit in on the meeting with Mr. de Kock 4:00 pm - Mr. Rossides returned your call. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NOTE FOR MR. MACLAURY December 19, 1969 At 4:45 PM, Dr. Wegner, of HEW, called and said when the dministration testified on the Hill Burton program, Secy. Kennedy wrote a letter dealing with the Administration's fiscal policy concerning interest subsidies and why the program, as the Democrats had written it, was undes irable from the interest subsidy aspect. He said Mr. Volcker was up there when HEW testified, and Mr. Volcker asked to be kept informed. Dr. Wegner was calling to let Mr. Volcker know that the Hill Burton markup is starting tomorrow morning at 10:00 AM and he said they (I assume he meant the Republicans) expressed some interest in the Administration sending some people up to help fight it off. He said it was being considered by the Labor and Public Welfare Commitee in the Senate and they have been meeting in S. 207 in the Senate and he assumes that is where they will meet tomorrow morning. He said HEW has done all it can and they do not feel they can do any more and they are very much afraid the Administration will lose. He said if the Treasury can send up some forces to help fight this off, it will be all to the good. I asked how one gets into such a session if one is not invited. He said it is closed and one does not get in -you just loiter in the hall and do lobbying. I asked him for his number so that you could call him. He said it was code 13 - 36311 but that he was leaving almost immediately. However, if anyone at Treasury wishes to talk to anyone at HEW, John Moscato knows the program better ahan anyone else and will probably be aroudd for the marking up session tomorrow. He can be reached on Code 14 - 62364. He said their legislative man is Sid Sapperstein, who is on 13 - 33685. He said if anyone at Treasury calls either of these men to say that he (Dr. Wegner) had suggested that we call how. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1 - 9:05 AM - Mr. Dale called. Wednesday, March 18J 1970 He wants to talk with you about the Fund's paper on Mechanisms of Exchange Rate Adjustment - and says it is reasonably urgent. (181-3067) 2:12 AM - Mr. Petty called. He asked to see you as soon as possible this (on Peterson Report) morning/- and I have given him 10:30 AM( tentatively). He is due to leave Treasury at 10:50 AM for an outside appointment. (ON CAL. (2522) 9:20 AM - Mr. Jurich called. He asked for some time with you today to I have given him 4:00 p.m. (ON CAL.) to you 9:25 AM - I have accepted the Chairman's invitation/to lunch at the Fed talk about the NATO paper. Board today; accompanying you will be: Snyder and Cook. NOTE: Messrs. MacLaury, Geng, (Mr. Carlock has another commitment.) Chairman Burns' secretary said that since the Chairman Senate is testifying before the/Banking and Currency Committee this morning, he may be a little late; Governor Robertson will host in the interim. 10:30 AM - Mr. Houthakker's secy. called to invite you and Mrs. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a an informal dinner Mr. & Mrs. Houthakker are giving at their home, April 10. at 8:00 PM on Friday, She said Thomas Balogh, of Balliol College, Oxford, will be in town at that time and they are inviting also the Derek Mitchells, Bob Solomons, Mayos, and the de Mauldes (Financial Attache at the French Embassy) Your cal. is clear. (More) Messages for Mr. Volcker - 2 - March 18, 1970 Do you wish to: Accept for you and Mrs. Volcker Accept for you alone (if they want you alone) Regret 10:45 AM - Mike Bradfield's secy called and said he wanted you to know that the IBRD - IMB legislation on quota increases went up to the Hill sterday. 12:10 PM - Mr. Jurich's office called and said to ask you if you'd like to have Messrs. Petty and Widman present at the 4:00 PM meeting on the NATO paper this afternoon. This is the paper you received from Under Secy. Richardson's office several days ago addressed to the NSC Under Secys' Cmte. and transmitting a memo for the President on NATO offset. Would you like to have Messrs. Petty and Widman attend? 0-YES NO 12:15 - Mary Monomack called & asked if Mr. Petty might see you at either 3:00 or 5:00 this afternoon. I told her both times p were presently clear and she picked 3:00. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On cal. - 1_ Messages for Mr. Volcker 2:05 PM - Peter Flanigan called. 207 PM - Mr. Samuels called. Wednesday, March 18, 1970 He asked that his call be returned. (1450 He said it was urgent -- since he needed to talk with you before the Spanish Foreign Minister saw the Secretary at 2:30 p.m. this afternoon. (101-20410) He asked that his call b ! returned. NOTE: I called Mary Harris to inquire as to whether you were expected to attend the meeting with the Spanish Foreign the answer was no Minister -- this was Mr. Samuels thought --/and learned thatthe meeting was already on. I called Mr. Samuels with this information, and he said the urgency of the return had call from you m4/passed now -- since it had to do with now Spanish the Secretary's/visitor and he would/try to get a note into the Secretary. 4:35 FM - Mr. Bergsten called. 103-5026. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. Messages for Mr. Volcker - 1 - 9:00 AM - Marty Miller called. Wednesday, Dec.17 1969 He would like to talk with you for a few minutes (either by phone or in your office) on what to do with the members of regard to the President's receiving/the Industrial Payroll Savings Committee at the time of their January 14th meeting. He said it was urgent that he talk with you as soon as possible. (2219) 9:15 AM - Accompanying you to the Federal Reserve Board for lunch today will be: Messrs. Geng, Snyder, Cook and Auten. Chairman Martin is leaving Washington this morning; Governor Robertson will host the luncheon. (NOTE: Mr. MacLaury is lunching with the Italian Exec.Dir. at the Fund, Mr. Palamenghi-Crispi, and Mr. Willis; Mr. Carlock and Mr. Weidenbaum both had other luncheon plans.) 9:50 AM - Mr. Thomas of the London Times called and said he would like to see you if possible and also asked if you would be having a 13ress briefing. I told him I didn't know--that you had just returned late last evening and we hadn't had a chance to talk to you but said I'd put the request on your message sheet. He said that would be fin?: His number is 347-7659. 10:15 AM - Mr. Schaffner said Gov. Brimmer would like to come over http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and see you for a few minutes before the 2:15 press backgrounder and wondered if he could see you at 2:00 PM. Messages for Mr, Volcker - 2 - December 17, 1969 I said you were attending the usual Wed, lunch with the financing group at the Fed, but, on checking, found that Gov. Brimmer doesn't attend this, so I suggested perhaps you could stop by Gov. Brimmers office around 2:00, after the lunch, and you and he could ride to the Treasury together and talk en route, Mr. Schaffner also said he thought it would be useful for Mr. Urfer to see youf for a few minutes before the backgrounder and he would suggest that Urfer come to your office around 2:00 to be here when you arrive. 10:30 AM - The operator was finally able to get Mr. Larre on the line; I explained that you had to go unexpectedly up to the Hill and I hoped you'd be back in about an hour and asked her to find out where we could reach Mr. Larre later on. She reported back that Mr. Larre was very anxious to speak with you and would be in his office awaiting your call, 11:45 AM - Congressman Reuss called, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He was told that you were on the Hill and expected back shortly. He asked that his call be returned, NOTE: Mr. Reuss expects to leave his office for a luncheon engagement at 12:00 noon - His secretary was unable to say when he would return from lunch, but said that he would be in his office this afternoon. (180-3571) Messages for Mr. Volcker - 3 - December 17, 1969 12:05 PM - Mr. Nakajima, of the Embassy of Japan, called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and said he would like to see you this afternoon -- he wants to know about the pact in Rome. 15 or 20 minutes. He said it would only take He is probably being pressed by Kashiwagi, who wrote you as attached. 234-9230 • Messages for Mr. Volcker - 1 - Fridayi Dec. 5, 1969 9:00 AM - Mrs. Frances Signer, secretary to Mr. Unger, General Counsel, HUD, called to inquire as to whether you would attend the special meeting of the FNMA Board called for Wednesday, Dec. 10. I informed her that you would not be in Washington on that day. (Mr. MacLaury advised.) 9:10 AM - Mr. Weiczorowski's secretary called with Mr. Weiczorowski's http://fraser.stlouisfed.org/ • Federal Reserve Bank of St. Louis invitation to lunch with him on Friday, December 19 -- at either 12:30 p.m. or 1:00 p.m. -- in the Bank's Dining Room at the main building, 1818 H St., N.W. (To meet with mr. Weiczorowski in his office, Room A-1044, so that he might escort you to the Dining Roomj -- Your calendar for lunch is clear. However, a Cabinet Cmte, meeting is scheduled for 3:00 p,m, in the East Room of the to White House,/which you may be invited to attend by the Secy (who will be giving a 5 to 7 min0 summary of the Dept.'s accomplishments for 1969 and goals for 1970) The Presidenj is to address the group -- and a receptbn for the families of those attending will be held after adjouffment of the meeting. -- I have put a hold on 12:30 pm.-1:00 pm on your calendar for lunch with Mr. Weiczorowski -- but have told his §ecretary this was tentative and would necessarily have to be confirmed on your return from Europe. to accept Mr. W.'s invitation for lunch? YES Do you wish NO If yes, is it all right to confirm for Fri.,Dec. 19? YES NO OTHER (181-2776) - 2 - Message Sheet Wednesday December 10 1969 _ 11:00 AM - Dr. Walker's secretary called to ask that we put a "hold" December 15, on your calendar for 1:00 p.m. on Monday/for lunch with him http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and Joseph Alsop (who wanted to discuss gold with you). I reminded Mrs. Baturin that the Secretary might want to. have on Monday a Fed lunch4 in which case we ought to keep lunch on Monday open. She mentioned this to Dr. Walker and he agreed; and since Monday was the only time he had open, his suggestion was that you get together with Mr. Alsop for lunch one day me this coming week and left it with kim/to contact his office. I called Mr. Alsop's secretary,..,go. iitomilipeo-, to let her know that lunch might be out this coming week for the following reasons (I didn't list these for her): Dec. 15 Monday/- Fed lunch at Treasury (?) Tuesday -Dec. 16 - 9:30 am FNMA Board Meeting with invitation to remain through lunch. Wednesday- Dec. 17 - Lunch at Fed Board (?) Thursday, Dec. 18 - You have noted the name "Kacser" on your calendar. Friday, Dec. 19 - Lunch with Mr. Weiczorowski - (tentative to be confirmed on your return)0 then suggested breakfast on Tuesday, Dec. 16, at 8:15 am or 8:30 a.m. (You are scheduled to attend a FNMA Board meeting at 9:30 a.m.) - or possibly having a drink with Mr. Alsop sometime after 5:30 p.m0 one day next week. I told her you were out of town and would call her back as a a time when you would be free to see Mr. Alsop (after you had been consulted). NO lunch? solo YES Do you wish to see Mr. Alsop? YES If yes, shall we make it a time other than NO *MxsxxI(tigkesm 965-1770) Messages for Mr. Volcker - 3 - Wed. Dec. 10 1969 2:00 pm - Mrs. Hughes of the U.K. Director's office-ouiti-licg at the Fund called to say that John Kirbyshire was going to be in Washington on Monday and Tuesday of next week (Dec. 15 and 16) and was anxious to have a word with you. I suggested that she call again Monday morning, when you will have returned, and I was sure that akime could be arranged then, (She had suggested either Monday morning or late Tuesday morning; and I had told her since you were returning to the office on Mon., after 2 weeks away, thExot it might be a good idea to wait until then; artcl—allial—yett—lia- marp-ing board meeting through- t _entire on Tuesday, the 16-tho 2:30 PM - Bill Lemieux, who had been up until about a month ago with Treasury (Assistant Financial Attache in Bonn), called. He was in Washington until Friday and hoped to stop in to say hello. gritlay*xDx http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I told him you would not be back until Monday morning. Messages for Mr. Volcker December 11, 1969 - 4 - 3:00 PM - The office of German Affairs at State called on behalf of Mr. Samuels to invite you to a luncheon at 1:00 PM on Tuesday, January 13, in one of the 8th floor dining rooms at State with Senator Percy, to discuss the Senator's proposal for offsetting NATO costs. Cal. clear, excepting not clear yet when you'll be gdhg to Paris for WP-3 on Jan. 15 - 16 or whether there will be other meetings preceding or following WP-3, but assume you'll try to be here for Industrial Payroll Savings Cmte. mtg. on the 14th. Do you wish to: ACCEPT REGRET (Mr. Nelson's office - 101 - 22155 Wm. Neal, former director of Savings Bonds, stopped by to NOTE: say hello and said to give you his best. NOTE: In the light of the special Board meeting on the 10th, I checked with Mr. Clifford at FNMA to see if the mtg. scheduled for the 16th had been rescheduled. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis It has been rescheduled for Tues., Jan. 27, which creates some conflicts in addition to those already on that date; the Financing Cmtes. are to be here on the quarterly refunding on Jan. 27 and 28 and the Finance Cmte. of the Natl Gallery of Art is scheduled for 10:30 AM on Jan. 27 and the Board of the Natl. Gallery at 3:00 PM on the 27th. I - 5 - Messages for Mr. Volcker December 12, 1969 2:30 PM - Secy's Operator called to say the Secy's Staff meeting will hereafter be at 8:45 AM every Thursday instead of every Friday. On cal. 3:00 PM - Edward Bernstein called to ask if you could have lunch with him and his friend Robert Uhlin) who is with one of the oil companies on Monday or Thursday of next week. I told him you had luncheon dates both days and, when he asked if they might come in to see you some time during the day, I told him we weren't sure when you would return. He said he understood and said he would call his friend and tell him next week didn't seem feasible. He added that he would like to have a chat with you himself sometime when you get a chance. 3:30 PM - Gina Price in Exec. Sec. called and said they need an http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Acting Secy. starting the afternoon of Dec. 24 thru Monday, Dec. 29, and wondered if you could be Acting. I told her I didn't know what your plans might be for Christmas but would check with you when you returned and let her know. OK to say you'll be Acting? YES NO i % N Messages for Mr. Volcker - 6 - December 12, 1969 4:40 PM - Larry Malkin, of Time Magazine, called and said he would http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis like to know when you would return; I told him we were waiting to hear from you. He said he would like to see you on your return on your European trip -- he added that he didn't know whether you would want to see a lot of people or no one but asked that we check with you and let him know. (I couldn't quite place him and checked with Rees Stith, who said he was in to see you once and, when Mr. Stith was chatting with him in your outer office, Mr. Malkin said he was just a back from 15 years in England, where he had been the AP man.) 293-4300. Messages for Mr. Volcker - 7 - December 15, 1969 11:30 AM - Mr. MacLaury called to check status of your calendar at lunchtime on Wednesday, the 17th. He said there might be a luncheon meeting of the Coordinating Cmte. of Bank Regulatory Agencies that day and, if the Secy. can't attend, he thought it would be advisable for you to skip the usual Fed lunch and attend. He said it would be to discuss the 6-1/4 percent 2-year certificates for Savings and Loans (see Mr. MacLaury's memo re this attached). Mr. MacLaury said he'd confirm to us later. Noted on cal. 12:15 PM - Marty Miller called re Hugh Sloan's memo saying the President regrets he cannot meet with the Payroll Savings Cmte. on Jan. 14 and said he understood you had rewritten the memo from the Secy. to the President about this and asked if he could have a copy. I told him Pearl had handled this and she was at lunch and I didn't know if she had kept a copy. He said he thought you were going to ask the Secy. to discuss this personally with the President. He asked when you would be back and said he guessed he would call you on Wednesday morning and suggest that you try to arrange this. (copy of Mr. Sloan's memo attached -- orig. was sent to Mr. Rustad) 3:00 PM - The Secretary's Office (Rose C.) has advised that there will http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be no further ulittle" staff meetings (Mon. & Wed.) until further notice Messages for Mr. Volcker 4:45 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 8 - Mondaz Dec.151_1969 - Gary Schilling of Merrill Lynch (who said he is a personal friend of yours) called. He is interested in an expression of interest from you as to whether you would be available to talk before a group of Japanese Insurance Company people on Friday, July 17th, in New York. He said the Japanese are changing one of their laws which would allow them to invest in U. S. securities. From the standpoint of our balance of payments, he thought you might be interested. realized that July was some time in the future He said he and I pointe out that there could be no firm commitment so far in advance since you do have meetings in Etpl Europe which would take priority /pRxioxity, along with other contingencies. He said he realized this, but is doing some preliminary work and would over like to chat with you for a couple of minutes otkRx/the phone about the whole issue, rather than be referred to one of your staff. Mr. Schilling expects to be at home the rest of the week -and would appreciate your calling him there (when you have a minute) on: (His office phone is 212-750-6153) - 1 - Messages for Mr. Volcker 9:30 AM - Monday, Dec. 1, 1969 Chairman Martin and Governor Robertson have accepted the Secrwtary's invitation to lunch at Treasury today. Mr. W2atherbee's office has been informed that you will itamigkxwith join them. 10:35 AM - Mr. Houthakker called. returned. He asked that his call be (103-5046) 10:50 AM - Herbert Stein called and would like you to call him. 103 - 5042 11:12 AM - Mr Rossides needs to see you for 30 seconds -- says he can't do it on the phone. 2033 11:35 AM - Gov. BrimmerE called He asked that his call be returned. 147-213. 11:30 AM - Peter Jay of the London Times called. He said he was leaving his post and returning to London next week and wanted to come in sometime this week to say goodbye. I told him you were leaving Washington this afternoon and would not be here the rest of the week. Hal wanted to thank you very much for your help while he was here and hoped thatxolutxdayxkRxximai to see one day you again/either in London or in Washington. 11:45 AM - Elmer Rustad called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (2466) He asked that his call be returned. W - 2 - Messages for Mr. Volcker Monday, December 1, 1969 meeting in 12:30 AM - The Sectary has asked that you attend a 3:00 p.m0 his office this afternoon on Vietnam Currency Situation. Attending also: NOTE: Mr. Petty and Mr. Jurich. ON CAL. Mr. Petty's secretary called to say that he had left a letter with you on Saturday from Mr. Dulin of DOD on the same subject. 12:32 AM - Mr. Petty called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He would like several seconds with you on the phone re the oil import program before you leave this afternoon. (2522) Messages for Mr. Volcker Friday, November 28, 1969 - 1 - 9:15 AM - Mr. Weatherbee's office has informed us that the Secretary's Dining Room will be closed today. 10:20 AM - Mr. Finkel called and said to tell you that, as of the moment, he has been able to have all references to SDR's dropped from the IA-ECOSOC draft report. His efforts will now be directed to keeping it that way. 10:50 AM - Derek Mitchell called. He asked that his call be returned. (He will be at the British Embassy unGlinuCioUT(v112-1340) /xxxmc . will -- Mr. Mitchell/be in his Fund office this afternoon from about 2:30 p.m. or 3:00 p.m. 6:05 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Widman says State just received a cable from Brussels saying they have scheduled Snoy for 5:30 on Thursday, the 4th, instead of on Friday as we requested, and Ambassador Ellsworth at 9:00 AM Friday, Schaetzel at 11:00 AM Friday, and Ansiaux at 12:45 on Friday. Mr. Widman said he can only assume that they had trouble getting the appointments lined up to suit everyone and had to do them this way. On that assumption, Mr. Widman is inclined to tell Brussels that the appointments are all right as arranged. with you? Is this all right - 1 - Messages for Mr. Volcker 9:20 AM - NOTE: Wednesday, Nov. 26, 1969 Messrs. MacLaury, Snyder,amg Cook and Weidenbaum (who will be returning from New Brunswick, N. J. at about 12:00 noon) will accompany you to the Fed lunch today. (Secy's.Dining Room is closed today.) 9:25 AM - Robert/ulin of Mobile Oil called. He said he had some balance of payments questions and wondered whether he might have a few minutes over the telephone with you today. He is in New York and said he will be there all day and can be reached on 212-883-3246. Since he said he was a personal friend of yours luNixamaixfaitxtitt I didn't suggest that he might talk with someone else in Treasury. Do you wish to talk with Mr./tUlin? NO YES Shall we refer him to Mr. MacLaury? 10:00 AM -Senator Javits will see you at 2:15 pm this afternoon. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis This was the only time available, since he is taking a plane out of Washington at 4.30 p.m. NOTE: ON CAL, Carol Brigance, the Senator's appointment secretary, suggested that we call her (180-6542) before you start out so that she can verify the Senator's whereabouts and instruct you vivre to meet him. His office is in Room 320 of the Old Senate Office Building; but he might be on the floor; and, in that case, should contd/2 - 2 - Messages for Mr. Volcker Wednesday, Nov.26,1969 - Senator Javits (coned.) meet him in the Senate Reception Room which is on the 2nd floor of the Capitol -- just off the Senate Chamber. (We will call from here and get word to you at the Board's Dining Room at 2:00 p.m.) Miss Brigance also mentioned that the Senator had a 2:45 p.m. ' appointment - but that this was flexible if you wanted more time. NOTE: I called to find out if Mr. Schleiminger was or was not coming to see you at 3:00 today, since Mr. Dale had never confirmed the appointment, and also to let them know you had to be on the Hill at 2:15 ;to see Senator Javits, DmxynmxthiR Mr. Dale confirmed that Mr. Schleiminger does very much want to see you and was planning to be here at 3:00 but Mr. Dale has alerted Schleiminger that it may have to be a bit later. HI http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Do you think you can finish with Sen. Javits in half an hour or shall we move Mr. Schleiminger to 3:30? LEAVE AT 3:00 MOVE TO 3:30 -k Messages for Mr. Volcker - 3 - Wednesday, Nov.26,1969 11:00 AM - The Secretary's Telephone Operator has informed us that the Secretary's staff meeting scheduled for Friday, Nov. 28, is cancelled. 11:05 AM - Bart Rowen of the Washington Post called. He said he hoped you had a few minutes this afternoon sometime to RIME resume the conversation on gold which he had begun with you last Thursday and had to break off. 223-6000-396. (I told him you had a crowded calendar this afternoon -- and that if you did find time to talk with him it probably wouldn't be urdl late this afternoon.) 11:10 AM -Mr. Widman called and asked if you had talked to the Secy. yet. He said when you did could you please check out the following with the Secy. (he said Mr. Webster suggested that you do this): (1) Amb. Annenberg has invited Secy. r& Mrs. Kennedy and you and Mrs. Volcker to dinner on Sunday night, the 7th. Does the Secy, wish to accept and do you wish to accept?— 1/ (2) Mu The Secy. has an appointment to see Prime Minister Wilson at 11:00 AM on the 8th (Monday). (3) Ansiaux would like to have the Secretary to lunch and lunch on Friday, the 5th, is free, Is it all right to tell Ansiaux okay for lunch on that day? 1/ Annenberg said he would give a small informal dinner (what this means to him may be different from what it means to others) and would be glad to invite anyone the Secy. would like to have invited; Mr. Widman http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 4 - November 26, 1969 liaidxkxximxtxx said he interpreted this to mean that, if the Secy. has a friend in London that he would like to have included, the Ambassador would be glad to accommodate him. Mr. Widman said he was a little troubled on the Saturday night ballet thing in London. He said Jim Griffin had checked and was told by the office of Jack Diamond, the Senior Parliamentary Secretary, who is, with his wife, hosting the ballet party, that it was just the four -- Mr. and Mrs and Secy. and Mrs. Kennedy. Diamond Mr. Widman and I had thought that Mrs. Volcker was being included but she apparently is not. Mr. Widman said Mr. Griffin would be glad to arrange a theater party for any of the members of the Secy.'s group that may be interested on Saturday evening (Mrs. Volcker had told me she would like to go to the theater in London when I was chatting with her about things she might like to do in the various cities, at Mr. Crosswhite's and Mr. Widman's request) or the Kirbyshires would be glad to have Mrs. Volcker come down to their place on Saturday evening or on Sunday morning, whichever she prefers. Mr. Widman said it was an hour and a half drive to the Kirbyshires. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 5 - November 26, 1969 11:35 AM - Jim Smith called and said to tell you you may not like the way he did it but the Senate passed the Savings Bonds bill by a voice vote. Mr. Donnelley stopped by a little later and passed on the same information. I passed this word on to Messrs. MacLaury, Geng, Carlock & Snyder. 11:50 AM - Mr. Widman called again and said there is one more question http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for the Secy. when you talk with him and that is what is his preference for dinner on Wednesday night in the Hague. The Ambassador has offered to host a dinner and the alternatives are: (1) The Ambassador could invite some second-level Dutch Government people, since Zijlstra and Witteveen are not available. (2) The Ambassador could invite some bankers. (3) The Ambassador could have a Treasury and Embassy family type dinner with no Dutch people present. (4) The other alternative would be for the Secy. to say to the AmbassadDr to fthrget about the dinner and say the Secy. & his party will go out to a restaurant to eat. Mr. Widman says there are some good restaurants featuring Indonesian cuisine. Messages for Mr. Volcker - 6 - November 26, 1969 Mr. Widman said to tell you that the U. S. has two seats at the luncheon in Brussels on Wednesday for NATO finance Ministers and, since you will be in London that day, Mr. Widman thought the sensible thing would be to suggest that Mr. Jurich accompany the uS Secretary to the luncheon, since Mr. Jurich is on the NATO delegation, and Mr. Widman has done that, 12:15 PM - Mr. Nelson called and said you wanted to go over the paper on gold that he was writing before lunch. He asked that we let him know when you return; he has the paper ready to bring down. 12:20 PM - Gov. Daane called and, when I said you were in the Fund consultations meeting, said he would see you when you came over for lunch, unless you returned in time to give him a call. 12:35 PM - Mr. McCamey called and said Mr. Widman was talking to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Korp in Rome and Korp would like to give a reception on Saturday evening in Rome to provide an opportunity for the bankers and people like that to meet the Secy. do have instructions that the Secy They wanted to keep Saturday free and they don't know what the Secy's plans are but they are sympathetic to Mr. Korp's view that it would be useful to have such a reception and wondered if you could get the Secy's reaction. Messages for Mr. Volcker - 7 - November 26, 1969 12:40 PM - Mr. Carlock stopped by and said he needs just a minutex with you as soon as possible -- he wants to get moving on the Savings Bonds thing but needs to check with you before doing so. 12:55 - Mr. MacLaury said he had taik taken care of Mr. Carlock. 1:30 PM - Mr. Widman stopped by and said Ambassador Martin in Rome http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis is going to give a dinner which will probably be black tie on Friday, the 12th, and Mr. Korp says we may be in difficulty in the definition of who is in the party. T He said he had pushed to include all the members of the party, including Widman, Webster, and Mary Harris, and thought he had this all negotiated out and then Mr. Widman informed Korp that Messrs. Jurich & Crosswhite would be in Rome and Jurich had asked to sit in on the Carli meeting. Mr. Korp said if he has to include Mr. Jurich, he would have to drop somebody out of the dinner, probably Mary Harris. And if he included Crosswhite, he would have to drop out somebody else. Widman would like your guidance on this. Mr. Also should the military question be discussed with Colombo because, if so, he will have to include Mr. Jurich in that and in the working luncheon, which again gets the luncheon pretty big. Mr. Widman said the latest word from State now is they are still now at all sure whether Rogers will fly to Brussels on Monday or Tuesday; A Mr. Widman had shifted the mtg. with itExtilmxxxRayxto November 26, 1969 - 8 - Messages for Mr. Volcker all the Tuesday appoilpiments to later days before he was told the departure time was still up in the air. Mr. Widman said they are typ having a new schedule typed up. 2:45 PM - Mr. Widman's message: -- "Things seem to be firming up for If Mr. Volcker has not informed dparture on Tuesday at 9:00 a.m. the Secretary yet, perhaps we should tell him." NOTE: Mr. Widman was told that you do have a call in to the Secretary. 3:05 PM - Congressman Reuss' secretary called to say that the Congressman can see you at 3:45 p.m., in his office, Room 2159, Rayburn House Office Building. (ON CAL.) 3:10 FM - Dr. Wallich's secretary called to invite you to a wine-tasting by Dr. Wallich on December 3. I asked her to express your regrets, since you would be away from Washington on Dec. 3. 3:40 PM - Mr.Geng would like to see you if you return before 5:00; He is leaving at 5:00 and will be in NYC visiting the secutities dealers there on Friday. He said if he missed seeing you, Mr. MacLaury would take the matter up with you. 4:05 PM - Mr. Mann's office called and said they were setting up a mtg. on FNMA at 4:30 on Friday in Mr. Mann's office with you and Mr. MacLaury; Fred Deming; Thomas Cowden and Marshall Burkes http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of Agriculture; and Bill Ross of HUD. She didn't know precisely what the meeting was on; Fred Deming tried to get you on the phone & said he'd talk to Mr. MacLaury, so I asked Mr. MecL. to see if he could find out from Mr. Deming what the mtg. was on. Messages for Mr. Volcker - 9 - 5:10 PM - Elmer Rusted called. Wednesday, Nov. 26, 1969 He said he would call back later, since you weren't free to talk with him. 5:15 PM - Mr. de Kock called. He said you had mentioned the possibility of having a further discussion late this afternoon and suggested that we put this question to you. Do you wish to see Mr. de Kock this afternoon? YES REMINDER: NO (181-4393 Mr. Petty is anxious to see you re Vietnam and two or three other fairly urgent matters. 6:00 PM - Mr. Widman called and said there are a couple of small points http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that should be mentioned to you on the press release. He said they are proposing to send the text of the rdbase out to the posts by cable but indicate that we will cable them again on a release time, Friday, hopefully, but they are to communicate with us at 11:00 on Friday if they want to do something about it. He said they have had the appointment with Prime Minister Wilson added -- the British seem to want to include it and they want to put out an announcement as well. Also, they imam have added a sentence that Secy. Kennedy will be accompanied by Under Secretary Volcker. Mk. Widman said he is hoping to have tomorrow some final confirmation that the appointment with Schiller is firm. Messages for Mr. Volcker - 9A - November 26, 1969 Schiller's staff told Hermberg that he can assume there will be an appointment but they haven't yet cleared it with Schiller; however, they expect to have that cleared up tomorrowc Mr. Widman said if you should have any problems, they are saying in the cable that they will cable any changes in the text. In response to my inquiry, Mr. Widman said you had seen the latest version of the release -- that Mnmc Donnelley went over it with you. NOTE: I had asked Maurine Brown in Mr. Mitchell's office yesterday whether she happened to know the details on the opera or ballet party Saturday evening in London, particularly whether it would be lila black tie. She called me back this afternoon and said it would be informal - 7:30 PM ballet at Covent Garden with Secy. & Mrs. Kennedy and Mrs. Volcker to have a drink with Mr. Diamond beforehand and the four to have supper together after the ballet. I told Maurine, whom I have known for a good many years, about the information we had gotten ix= thru Mr. Griffin. She said she was certain Mrs. Volcker was included and she understood it was a foursome, with Secy. and Mrs. Kennedy and Mr. Diamond and Mrs. Volcker. She checked with Arnold Clift at the British Embassy, who had talked to Mr. Diamond's office by phone, and told me that Mr. Clift was absolutely certain it was the foursome including Mrs. Volcker; he (Clift) said that, although http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 9B - Messages for Mr. Volcker November 26, 1969 in Who's Who Mr. Diamond is listed/as being married and having two children, Mr. Clift is absolutely certain that Mr. Diamond is not married now, although he didn't say whether he is divorSed or widowed. NOTE: You'd better warn Mrs. Volcker!!! Rose Cicala in Secy's office called and said the meeting with Canadian Minister Green, which they were trying to set up for this coming Saturday, is being postponed until some time after the Secy's European trip. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Tuesday, November 25, 1969 Messages for Mr. Volcker 9:30 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 10:20 AM - Mr, Houthakker called and would like you to call him. 103 - 5046 REMINDER: Dr. Kaczer will not be in town on Friday and wondered if you would have any time to see her before Thanksgiving, preferably Wednesday, 133 - 7841 10:50 AM - Dr. Kaczer called and said her luncheon meeting today has just been cancelled and she is free for lunch if you happen to be free, 133 - 7841 1 10:55 AM - Mr. Widman called and said he is having some scheduling http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis problems re the trip. Mr. Crosswhite is still agitating to get the Dec, 3 trip to the Hague cancelled and has talked to Mary Harris and Mr. Webster about doing this and extending the trip an additional day -- to fly from Rome to the Netherlands to see Witteveen and Zjilstra on the 15th. Mr, Widman doesn't think this makes sense and suggested to Mr. Webster that he discuss with you, Mr. Widman says he sees no reason why it shouldn't be possible ;to arrange for Secy. Kennedy to speak at the NATO meeting sometime on Thursday morning, Also Jim Griffin just called said the only time the Prime Minister can see the Secy. is at 4:00 PM on Monday, which, if Secy. does, would mean the Messages for Mr. Volcker - 2 - November 25, 1969 stopover at Frankfurt would not be possible and it would be necessary to go directly to Bonn. Mr. Widman said he would call Mr. Griffin again and check into the possibility of the Secy's seeing the Prime Minister on late Friday afternoon. He said he wculd be back in touch with us when he had talked to Griffin. In the meantime, he asked me to get this info. to you. NOTE: Messrs., Jurich & Bean have gone to the German offset mtg Mr. Samuels' office. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Jurich's secy. in Messages for Mr. Volcker - 3 - November 25, 1969 3:15 PM - Mr% Geng would like to see you as soon as you return. 3:50 PM - Mr. Hirschtritt would like to see you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 4 - November 25, 1969 30 you could attend a meeting at 10: 4:45 PM - Mary Harris asked if http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis adian Minister of Resources on this coming Saturday with Can and Energy Geeen. oil She said she thought ;it was on - —been nedy have been IiiIVe imports and SecyAs Hickel and Ken ks. She said Mr. Green trying to arrange this for two wee kel on Friday and wants to is meeting with Smexpc Secy. Hic urday. I told her you were meet with Secy. Kennedy on Sat y Peterson Task Force from scheduled to meet with the Rud the Green meeting could be 10:00 thru lunch and asked if could not. in the afteenoon; she said it She said she ld let me know whether or not would suggest 9:00 AM and wou this time was all right. I asked Mr. Widman if he knew ntly checked with Mary and what this was about; he appare knew all you needed to know told me that Mary thought you want anyone to know about about this and that they didn't it -- especially State. e Apparently State has gotten som it (I assume upset because wind of it and is upset about or something). In any event, they are not being included to find out. this is all I have been able Messages for Mr. Volcker - 1 - Monday, November 24,1969 9:30 AM - Sidney Weintraub of State called (at Mr. Trezise's request) about the price of gold. He asked that his call be returned. (101-29496) 9:30 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 9:45 AM - Mrs. Ellen Dowing http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis EH of Treasury's Cable Section called to say that a NATO cable this morning listed your name as one of the delegation to the NATO meetings in December -- that in order to attend you would necessarily have to have NATO clearance. Since the attached card for your signature reads"(read) a (been brie Pt I called Mrs. Downing to ask whether anyone in Mr. Jurich's office might give you a briefing, rather than requiring you to read the entire regulationsbooklet attached. She, in effect, gave me the briefing over the telephone. She said your clearance for security in accordance with U.S. regulations apply -- except for the handling of the NATO documents. You would have to be careful in the handling of these documents. If Mr. Jurich (or a member of his staff) handled them for you, this would be part of the security provision, since no one can have access who isn't cleared by NATO the Nato clearances. Any/papers you bring back with you, if not turned over to Mr. Jurich's office should be returned continued/2 Messages for Mr. Volcker - 2 - Monday, November 24,1969 td. NATO Security Clearance - con (top secret) Control Officer to Mrs. Downing who is Cosmic ch Treasury. NATO documents whi for NATO Subregistry here in e retained within your immediat you are working with may be ss to another Treasury office unle office; should not be sent clearance; must be sent to the intended recipient has NATO disposition; and should not Mrs. Downing for final filing or (such as s central files) be sent to any other file depository in any event. 10:30 AM - Mr d like to see you around Geng stopped by and said he woul nt, before your 11:30 meeting. 11:00 if possible or, in any eve this morning. He said the market is not good sed us that he has arranged a 10:30 AM - Mr. Willis's office has advi http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis evening in your office. Volcker Group meeting for 6:00 p.m0 this (ON CAL0) Messages for Mr. Volcker - 3 - November 24, 1969 12:45 PM - Bill Dale called and asked what your calendar was like on Wednesday afternoon and Friday. clear. I told him it was presently He said Schleiminger wanted to talk to you about quotas and he thought he would suggest 3:00 PM on Wednesday. Noted on cal. 1:15 PM - Mr. Willis called to say that probably Mr. Samuels and Mr. Weintraub will be coming to the 6:00 p.m. meeting from State. 5:40 FM - Dr. de Kock called and asked for an appointment to see you sometime this week. He said he has a letter for you from Mr.Browne, the Secretary for Finance of South Africa, in reply to your letter of November 4 (attached). He asked for a time on WednesNovember 26. day/. I suggested 9:00 a.m.,(prior to your scheduled 9:30 am, Fund consultations) - but he thought a time in the afternoon since it would allow for more time for you. might be better/. I have given him 4:00 p.m. - ON CAL. -- NOTE: Dr. de Kock said that if for any reason you would like him to come in tomorrow (Tuesday), he will arrange him to do SO 9 but for/kilixptaxpnlita Wednesday was better. 5:20 PM - The secy. to Mr. Nelson, desk officer for So. Africa at State, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 called to request an appointment for U. S. Ambassador to So. Africa Roundtree, with you and Page Nelson; she began asking about dates in early December; I told her you would be away the first two weeks in December. Apparently the Amb, has a Messages for Mr. Volcker - 4 - November 24, 1969 fairly full schedule this week but she did say he was free at 5:00 on Wednesday. Would you wish to see him at this time? (This would give you an hour with de Koch.) YES NO I checked with Mr. Nelson to see if he thought you'd want to see the Amb. in case he had any intelligence; Mr. Nelson seemed doubtful if the Amb. would have any intelligence -- he said the Embassy had pretty much kept out of the negotiations/ He also said he had talked to tim our Economic Counselor from our So. African Embassy a few weeks ago when he was here. Mr. Nelson seemed to think, unless you had some special reason for wanting to tkill see the Ambassador, you might want to have Mr. MacLaury and Mr. Nelson see him to save your time. 101 - 28433 5:40 PM - Dr. Kaczer called and said she will not be in town on Friday http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and wondered if you had any time before Thanksgiving. particularly asked about Wednesday. you to call her. 133 - 7841 She I told her I would ask Friday, November 21, 1969 Messages for Mr. Volcker - 1 - 9:15 AM - Governor Daane called. Said he had gotten the word that you had tried to reach him, and will be in his office later this morning should you want to talk with him. 9:20 AM - Mr. Schaffner called about the questions for the IMF consultations and was referred to Mr. MacLaury. 9:25 AM - Sherman Unger, General Counsel of HUD, called. He is anxious to talk with you, but didn't want you called out of your meeting at MINX the Labor Dept. He asked that his call be returned. (138-5724) 9:50 AM - Senator Williams of Delaware called. His secretary said that he had wanted to talk with you as soon as possible, and I offered to contact you at Labor to get the message to you. I asked whether there was a message I might deliver for him. She said she thought he wanted to get together with you again on the tax bill, but suggested that I not call you out of your meeting until she had talked with the Senator again to see whether this was what he wanted to do. (Senator Williams - 180-2441 -- Room 2213, NSOB) 10:25 AM -Leonard Dixon (OASIA) calleth http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he wanted to talk with you for a couple of minutes about the upcoming trip, and asked that his call be returned. (5607) A Messages for Mr. Volcker - 2 - Friday, November 21, 1969 10:40 AM - Mr. MacLaury and Mr.Nelson asked for somekime with you this afternoon on the question of contacting the Europeans concerning the gold price. I gave them 2:30 p.m. - ON CAL. 10:45 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 10:50 AM - Mr. Hayes called from the New York Fed. He asked that his call be returned, by noon - if possible - but said that he did not want you called out of your meeting. 10:55 AM - Mr. Willis called and left word that the cable on the SDR link to the U.N. has gone out. 11:00 AM - Mary Harris called and said you had asked her to ask the Secy, if he had any objection to leaving London earlier on Monday, Dec. 8, and going to Germany and having dinner with Blessing. Mary said the Secy is agreeable to that. I passed this message along to Mr. Widman. 11:10 AM - Mr. Albright stopped by and said he is leaving on Dec. 4th http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for his new post of Economic Councilor at the Yugoslavian Embassy, where he will be for 2 years. He invites you to take a vacation that way when you are inEurope ig some time. Messages for Mr. Volcker - 3 - November 21, 1969 12:10 PM - Mary Monomack called and said Mr. Petty wondered if he, Mr. Barnett, Mr. Jurich, and Mr. Eggers might see you at 4:00 PM today on China trade. take more than half an hour. She said it would not *ixted Your cal. is clear but I told her I wanted to check this out with you first. Do you think youth1 be able to see them at 4:00? YES NO 1:10 PM - Marty Miller stopped by to ask about his memo to the President and asked if you had called Dwight Chapin. He said he wasn't sure whether he should call Chapin or you wanted to do it or if you both should call him. it. I suggested you might want to do He said he had started something with Chapin which he would try to call off but he didn't know whether he would be successful. He asked me to remind you to call Chapin. 3:00 PM - George Krumbar, of the Joint Economic Cmte., called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis would like to speak to you sometime this afternoon; he has a question in connection with your testimony on SDR's at the JEC, He said you suggested that the gold contribution for the increased quotas in the Fund might be paid in SDR's and he wondered whether this represented Treasury policy -whether Treasury would press for this or whether this was a kind of academic speculation. He will be in his office until 6:30 or 7:00 PM. 180 - 5171 November 21, 1969 - 4 - Messages for Mr. Volcker 3:15 PM - Leonard Dixon called and said what he had asked to see you about was to let you know that he had explored to see whether there was any legal way for Federal funds to be used to pay for the travel of official's wives. is not. He found there Secretary Kennedy will have to pay for Mrs. Kennedy's plane fare back and you will have to pay for Mrs. Volcker's, He said at present they have made first class reservations for you and Mrs. Volcker. The first class fare from Rome to NYC is $468.70 and the economy class fare is $286.50. The group will be flown back from NY to Andrews by a Coast Guard plane. Mr. Dixon said something about wanting to get this settled and not wait until the last minute. I asked Mr. Widman if he had asked Mr. Dixon to check into this and he said he had not. Victor Mack has checked in several times to see if we have NOTE: any intelligence on your Oil Import meetings and possible projects he should be working on. The last time he stopped by , he said Mr. Areeda had phoned him and said they would (Mr. Mack's) like his/personal views on part 5 (Tab B in the material, tra,, Mr. Mack gave you). czik," 0-e -1/4 Mr. Mack needs to get some guidance E,c4p4 , /2" 4 from you on this. His mother is moving down to Washington AL_ from NYC and Mr. Mack has to go to NY tomorrow and bring his http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis mother down on Sunday; he will have to be on leave next week home. as much as he is able to help her )3et established in her new - 5 3:35 PM - Mr. Carlock called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He referred to your convmsation with him in Which you said you were going to give him some work by phone, after you had talked with Jim Smith. Mr. Carlock said he and John Hintgen of Public Debt would instead like to come in to talk with you sometime this afternoon ° I told him you had a a meeting going on in your office now-- with Mr. Petty following at 4:00 p.m° (2112) He said whenever you are free, just to call. November 21, 1969 - 6 - Messages for Mr. Volcker 6:05 PM - Mr. Barnett called, is meeting with Mr. Richardson's staff, and they would like to delete three words from the memo to the President on China trade,aRixwomiAxi and he would like to discuss with k you. 6:10 PM - Mr. Willis called. 101 - 20366 He wondered whether when you got back from the Secretary's office he might have a quick word with you either on the phone, or in your office (with Mr. Finkel) on ttnight ECOSOC. the Latin problems -- they have to draft something/on (5334) from 6:12 PM - Mr. Nelson's office called with the message tkat/State kad that efaiRdxwithxidaRxiRfoRmatioRxthat/the Singapore cable had been cleared and ready for dispatch. 6:00 PM - Mr. Eggers' secretary has tried unsuccessfully to reach him im http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis in Indianapolis. He is expected to call the Secretary's Operator sometime this evening and word has been left with her that you would like him to get in touch with you. Shall we give the Secy's Operator the telephone No, at the Nathan residence -- until about 8:30 or 9:00 pm -- and then say you can be reached at home aftertil that? YES NO OTHER Messages for Mr. Volcker - 1 - Thursday, November 20, 1969 9:10 AM - Mary Harris called to say that since the Secretary will be away the week of November 24th, the top staff meetings scheduled for 9:00 acm. on Monday, the 24th, and Wednesday, the 26th, are cancelled. NOTE: CAL. NOTED° Dan Ahearn called late yesterday and said he would be coming to Washington on Friday, getting in about 9:45 AM, seeing people at Budget (Mr. Mann or Mayo) at 10:45 and Paul McCracken at noon; he wants to stop by the Fed in the afternoon but would prefer to see you if there is any chance. 6:50 PM plane. He is leaving on a I told Mr. Ahearn that I would try to get some word to him either at Budget or CEA on Friday morning if it looked as though you might be able to see him in the afternoon. You'll be at the White House all morning on oil imports. you think you'll want to see Mr. kla Do Ahearn in the afternoon perhaps late -- around 5:00? YES NO 12:15 PM - Mr. Chas. Walker's secy. called and said when he was in http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Boca Raton a few weeks ago he made a talk in which he said he thought interest rates would come down by the end of the year. After his speech, a member of the audience, Mr° Martin Meyerson, President of M. H. Meyerson Investment Co., Jersey City, N—J., talked to him and said he thought Dr. Walker's A Messages for Mr. Volcker - 2 - November 20, 1969 talk was very interesting and was very kind and Dr. Walker told Meyerson to call on him if he(Walker) could ever be of any help. Meyerson phoned this morning and said, in view of the fact that the market is down 10 points today, he wondered whether there had been any reflection on the part of the Treasury to tighten money. Dr. Walker is out of town and his secy. told Meyerson that she would have the appropriate official discuss this with him. It She added that someone had phoned Dr. Walker a couple of days ago on the same thing and he had tried to convince them that nothing along this line was planned. She wondered whether, in Dr. Walker's absence, you could phone Mr. Meyerson and talk to him about this. His phone is AC 201 - 332-3353. 12:30 PM - Andrew Overby, of First Boston Corp, called and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis would be in Washington tomorrow morning and said he didn't suppose you would have any free time to see him. I told him you had to attend a White House meeting from 8:30 to 12:00 for the Secy Mr. Overby said he knew the Secyc was txi tied up because he tried to get an appointment with him. He said to tell you he called and didn't have any problem or anything special to talk to you about and to give you his regards and say the important thing is to keep your physical health -- he added that he knew your mental health was gone already! Messages for Mr. Volcker - 3 - November 20, 1969 12:35 PM - Mr. Gene Knorr called and said to tell you the IET Conference report was just approved by the Senate on a voice vote. 3:00 PM - Dan Ahearn's secretary called. He had planned on being in Washington tomorrow (Friday) and had asked to see you sometime in the afternoon. She said that something has mme up suddenly and Mr. Ahearn will not be in Washington tomorrow. He will be in touch with you later. 5:20 PM - Preston Martin's secy called and said kR you agreed to a meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with him, Dr. Bruce Ricks, Director of Economic Research, and Larry Ulvestad, Administrative Asst. to Chr. Martin and he asked her to try to set it up as soon as possible. She didn't know the subject of the meeting but thought it had to do with a letter Chrm. Martin sent you dated Oct. 29th (which I'm trying to find). The only time tomorrow that would ;be feasible would be 5:30, since Chrm. Martin will be attending the President's mtg. with businessmen from 1:30 to 5:00 PM. Chairman Martin is free Monday from 9:00 to 10:00 AM and so are you. or Wednesday, He could do any time Tues. Would you prefer: Friday (tomorrow) at 5:30 PM Monday from 9:00 to 10:00 AM Tuesday at 10:00 AM ,)4( Messages for Mr. Volcker - 4 - November 20, 1969 Wednesday at 3:00 PM Would you like to have Messrs. MacLaury, Geng, Carlock & Snyder sit in on this meeting? YES NO 5:30 PM - Mr. Geng said you asked him to make some calls for you and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he has done so and thought you might want to see him tonight. He will be available if you wish to do so, - 1 - Messages for Mrc Volcker Wednesday, Nov 19 1969 9:20 AM - Chairman Martin's office has extended the invitation to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis lunch at the Fed today, The Chairman is in New York, but Governor Robertson will host. YES 7 Is it all right to accert? NO Mr. MacLaury is away today. Mr. Carlock is unable to attend Messrs. Snyder, Geng and Cook will attend. Do you wish to invite Mr available? (Margaret M. YES 147-201) Weidenbaum today if he is NO r Messages for Mr. Volcke - 2 - November 19, 1969 day has said Secy's Staff on Fri and led cal or rat Ope y's 9:50 AM - Sec been cancelled. at the batch asked if you had looked and led cal lis Wil Mr. 10:00 AM sultations. estic side for the Fund con of questions on the dom went in the out box before you m the put n't had you I t I him w before asked that we let him kno He y. tif tes to l Hil to the look at them you have had a chance to not or r the whe e tim ch lun ation on said he has some new inform He by. ped top th Smi 11:05 AM - Jim He e to bring you up-to-date. savings onds and would lik . you are free to talk with him sugges ed that we call when (2038) e examples of said you wanted to see som 10:30 AM - Mr. Hirschtritt Hirschtritt exchange guarantees. Mr. what Exim wants to do on has some to show you. ed 10:35 AM - Mary Harris ask http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis nce to call whether you had had a cha you might do. Senator Long, as you said to call Long. give the Secy. a reminder If not, she will - 3 - Messages for Mr. Volcker Wednesday, Nov.19,1969 1-00 PM - Mr. Harley has arranged a meeting in your office for 11:30 a.m. on Monday, November 24 -- to include Herbert Stein, Mr. Partee of the Federal Reserve Board, and others taking part in the IMF Consultations. Attending from Treasury will be Messrs. Petty, Weidenbaum, MacLaury, Mr. Harley or Mr, Willis. ON CAL. 2:50 PM - Dr. Wallich's office called to inquire as to whether you would join the consultants at lunch on Saturday, November 22, when the Consultants meeting is being held from 9:30 a.m0 catered to 4:30 p.m. in Room 4121. It will be am/sandwich luncheon; served in Room 4125 (adjoining Room 4121), at 1:00 p.m. Is it all right to say you will have lunch with the Consultants? YES Y NO 3:00 PM - Mr. Weatherbee's office called to invite you to attend the swearing in of Messrs. Dale, Costanzo and Wieczorowski as U.S. Executive Directors of IMF, IDB and IBRD -- in Room 4121 ati2x at 12:00 Noon, tomorrow, November 20, ON CAL, 3:10 PM - Andrew Knight of the London Economist called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he wanted to have a quick word with you on gold over the telephone. left his home telephone number He and said if your schedule didn't allow for a call to him this afternoon or sometime this evening he would understand. He mentioned the fact that his press deadline was this evening. Messages for Mr. Volcker - 4 - Wednesday, Nov. 19,1969 4:00 p.m. - Mr. Mitchell called from the British Embassy. his call be returned. He asked that (H0-2-1340) 4:30 PM - Tony Thomas, of the London Times, called and asked to see you on gold. He said the price has fallen so low in Europe he wondered whether he might get some idea of where the negotiations stand -- on a background basis & not for attribution. He said to remind you with you in Copenhagen. 347-7657 he had an interview OK to assume you don't wish to see him? YES / NO 4:35 PM - Mr. Hirschtritt called and said to tell you the Exim lawyers do http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis not think there is any legal disability to tillaxpmdaiRmxxxx the proposal we have in mind where the commercial banks would be guaranteed in the currency they lend, On the policy side, they don't know what Kearns has in mind. • Messages for Mr. Volcker - Wednesday, Nov. 19, 1969 about 5:35 PM - Mr. Eggers stopped by to talk with you oil/Secretary Romney's letter of November 14th on the guarantee of FNMA obligatio ns. He is leaving Treasury shortly for the Secretary's reception at the Shoreham and said he will be available tomorrow morning. (2093) 5:55 PM - Mary Harris called with the following information on the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Cabinet Cmte. on Oil Import Policy meetings: (1) Meeting on Thursday, November 20, will start at 7:00 p.m. and last until about 10:00 p.m. ON CAL -- You will accompany the Secretary to this meeting. -- in the Roosevelt Room of the White House. NOTE: Mary mentioned, also, that no dinner will be served and that it might be advisable to have something to eat before the meeting. (2) There will be another meeting on Friday morning -- from 8:30 a.m0 until noon ON CAL. -- The Secretary will not attend this meeting, which Mary said you will attend for him. -- in the Roosevelt Room of the White House Yanusxuai (Mary has advised everyone concerned that you will attend these meetings.) On your calendar for Thursday evening, you and Mrs. Volcker have acceptedk an invitation from the contd/5 Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 6 - Wednesday, Nov.19,1969 Messagex on Oil Import Policy Cmte0 meetings cont d, informal Japanese Ambassador and Mrs. Shimoda to attend al/re ception in honor of Prime Minister and Mrs. Sato, at 2516 Mass . Ave., 6:30 PM - 8:00 PM, On your calendar for Friday morning, Hugh Stokely of the Keystone Custodian Fund has an appointment with you for 11 00 a.m. Shall we rearrange this appointment for a time during Friday afternoon? YES NO Or shall we suggest that in this case Mr. Stokely come in to stt Mr. MacLaury? - 1 - Messages for Mr. Volcker 9:30 AM - Mr. Urfer called. Tuesday, Nov. 18, 1969 He asked that his call be returned. you will have 9:40 AM - Mr. Weatherbee's office has been informed that lunch in the Secretary's Dining Room today. for Saturday, 9:45 AM - Mr. Petty's office called to check your calendar November 29th, with a view toward setting up a meeting of the Presidential Task Force on International Development, chaired by Rudolph A. Peterson, President of the Bank of America. In addition to the listed members on the White House release attached, this would include a number of sub-cabinet officials and the Saturday meeting would start in the morning to run through lunch. (Further details as to place of meeting, etc. will be provided later.) Your calendar for Saturday, Nov. 29, is presently free; however, your scheduled European trip with the Secretary starts the following Monday, December 1. Is it all right to tell Mr.Petty that you will be available for the Peterson Cpmmittee meeting on Saturday, Nov. 29? NO YES REMINDER: OTHER You wanted to talk with Mr. Widman this morning about the suggested changes in the cable on the Secretary's trip. (You have Mr. Jurich's copy.) 10:15 AM - Jim Smith stopped by to say -- "The Conference is all completed http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on the IET. Everything is lovely." Messages for Mr. Volcker 10:20 AM - Mr. Nelson called. - 2 - Tuesday, November 18,1969 He asked that his call be returned. (2884) -- He said he had talked with Mr. Coombs briefly about the Basle meeting and Mr. Nelson thought you should call Mr.Hayes. 12:00 Noon - Dixon Donnelley called. He asked that his call be returned. ORxtxxx (5252) (FYI: Mr. Donnelley will be leaving for New York sometime this carry afternoon to/dRiimilx the Secretary's speech to him.) 11:30 AM - Mr. Feidler at the Natl. Gallery of Art called to say that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Chief Justice is unable to have a meeting of the Board in his Chambers tomorrow at 4:00, as planned, or at any time tomorrow. If you were able to promise to attend a Board mtg. in the President's office at the Gallery at 4:00 PM tomorrow, or at any designated time conventent to you on Thursday, they would have enough members on board to have a quorum. There are only two items of business which should not take more than 15 minutes: (1) The Ailsa Mellon paintings that she willed to the Gallery are in her apartment in NY and the Gallery would like to bring them down to the Gallery and hold them here pending settlement of the estate -- because they will be safer at the Gallery, which is air conditioned & humidified, and the insurance will be less. In order to do this, the Gallery has to enter into an agreement so that if the court wants the paintings back, we promise to deliver them. The odds are 1,000 to 1 against the surrogate wanting them back. November 18, 1969 - 3 - Messages for Mr. Volcker thing they did with M:r. Feidler said this is the same ement with respect to the Ailsa Chester Dale's estate and the agre the Dale agreement. Mellon estate is patterned after He said the signed by Jock Whitney but they Mellon agreement has already been need to have Board action. (2) They need to change the date of meet4ngs because the date of the January Board & Finance Cmte. and they want to have the Board the African show has been changed opening of the African show, members on deck at the time of the ors & other officials from when they will havea all the Ambassad the African countries on hand. Your cal. is clear at 4:00 PM duled to testify at the opening tomorrow (you are definitely sche ). of the Hearing at 10:00 AM tomorrow Is it all right to tell your presence at ad.( 4:00 PM Mr. Feidler that they may count on tomorrow? YES 2<(// NO is anxious to talk to you on the phone. 12:40 PM - Mr. Petty called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - Messages for Mr. Volcker Tuesday, Novc 18, 1969 2:00 PM - Mr. Weatherbee's office called to invite you to attend the swearing-in of William Dickey as Deputy Assistant Secretary for Enforcement and Operations 19, - at 12:30 p.m. tomorrow, Wednesday, November/Ads in Room 4121. ON CAL, 2:45 PM - Dr. Levy of the Natl. Industrial Conference Board called you and declined to talk with anyone else; he cancelled the call without a message when you a. were not available. 3:35 PM - Mr. Willis called. He wondered whether he might have about this afternoon 5 minutes with you/on the "continuing argument of the link." He has a tentative appointment with Mr. Weidenbaum at 4:30 p.m0 and would like to see you before then, ifpossible. (5334) 3:40 PM - Dr. Michael Levy called again and talked to me -- said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had to leave for a class and wouldn't be able to call you back. He said he would be in Washington tomorrow, would be seeing Mr. Weidenbaum in the morning (I later learned this would be at 10:30 AM) and wondered if you would have some time to see him. I told him you had to testify on the Hill at 10:00 AM tomorrow and, of course, it was impossible to tell how long kR they might keep you. Dr. Levy said he had a meeting in the afternoon but might be through by late afternoon, and wondered if you might have any time around 5:00 or possibly on Thursday. aspects of financing. He wants to talk about some I said it looked now as though 5:00 PM Messages for Mr. Volcker - 5 - November 18, 1969 tomorrow might be a possibility but things had a way of changing and I wondered if he could check in with us to see what your situation was. He said he would be glad to do that and would call us when his afternoon meeting is finished, I later asked Mr. Weidenbaum about Dr. Levy and found he is Manager of the Fiscal and Monetary Department of the NICB; Mr. Weidenbaum says Dr. Levy is intelligent and it would be nice if you could see him but it isn't a must. Do you think you would be interested in seeing Dr. Levy late tomorrow afternoon if your situation seems to permit when he checks in? YES NO 3:45 PM - Miss Smith of Brookings Institution called. She said that Mr. Fried had talked with you, when he had seen you, and asked whether you would be interested in speaking at one of Brookings Institutions' 1%,44r. roundtable luncheons The luncheon group consists of about 25 of the Brookings people -- and they invite one guest to speak at each 414,,J4Lpf their luncheons. The talk is informal - about 15 or 20 min0 with another 20 or 25 minutes discussion (Q&A) following and RN •-- could be on the international monetary system, or a subject of your choosing. Miss Smith said the luncheon starts at 12:30 p(m0 and continues until about 2:00 p.m. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis She has offered two dates: continued/p.6 Messages for Mr. Volcker - 6 - Tuesday, Nov. 18,1969 (Miss Smith-Brookings) - contd. 1) January 27: Tuesday The period 12:30 to 2:00 p.m. is clear; however, you do have two National Gallery of Art meetings scheduled -- at 10:30 AN, the Finance Cmts. and at 3:300 FM - The Board of Trustees to meet. 2) February 3: Tuesday Your calendar is clear. Do you wish to accept the Brookings invitation to speak at one of their roundtable luncheon meetings? YES NO If yes, shall we accept for February 3, since your calendar is clear? YES NO OTHER (NOTE: Miss Smith has said that Mr. Fried has turned the arran gel ments over to Leslie Gelb at the Institution, since Mr. Fried has now moved over to 1900 L Street with the Task Force on International D,2velopment. probably will attend the luncheon. Miss Smith: 4:00 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis She said that (Mr.Fried:343-4300 Brookings Institution -- HU 3-8919. Mr. Nelson called. He knows you have talked with Mr. Hayes, but would still like to talk with you. - 2884) - 7 - Messages for Mr. Volcker 5:30 PM - Mr. Hirschtritt called. Tuesday, Nov.18,1969 Mr. Petty had suggested to him that he see you this evening about the NAG meeting scheduled for this coming Thursday, Nov. 20 -- and wondered whether he might have a few minutes when you are free. 5:35 PM - Mr. Dale called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (2803) He asked that his call be returned. (181-3067) (He expected to leave his office about 6:00 p.m0 to attend a reception and will call back -- either here or to your home -if you have been unable to return his call by then.) Messages for Mr. Volcker - 1 - 9:10 AM - Govern4'6ane called from Basle. Monday,November 17, 1969 He will call again in 30 min. 9:15 AM - Helen McAnulty with the ABA Symposium called to invite you to sit at the Head Table at the luncheon which starts at 12:45 PM. The reception is at 12:15 PM in the East Room with the luncheon at 12:45 pm in the adjoining State Room. I told her I would accept tentatively for you for the luncheon and would confirm with her when you had been consulted. Is it all right to confirm that you will attend the ABA luncheon? YES NO 9:20 AM - Mr. Geng stopped by to ask whether you wanted to see him this morning concerning the financing, 9:25 AM - Mrs, Volcker called. She wondered whom you were talking with on Saturday, when the connection was so bad, The telephone company is going to check your telephone and it might help to have the telephone number of the person you were talking with at the time, 9:00 AM - William Hummer called (from the Madison here in Washington). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He is en route back from Europe, after having seen about 40 economiLLand officials in Europe (including central Bankers); and expects to leave this evening for Chicago, at about 7:00 p.m, He wondered whether he might have a minute with you sometime today. He said that if you were tied up, he would send you a memorandum on his trip, which he had drafted. (I had explained that you were going to be attending a symposium today, in addition to your various other appointments. SXXXXXXXXIXXXIMXXXXXMMAXXXXXXMX$X contd./2 - 2 - Messages for Mr. Folcker Monday, Nov. 17,1969 William Hummer call (contd.) Is it all right to extend your regrets at being unable to see him today -- and to suggest that he send you his memo? NO YES Or do you wish to see him at some point during the day? NO YES (Mr. Hummer said he will be in and out of the Madison all day and can be reached there should you have a minute. (483-6400) 10:05 AM - I called Mr. Weatherbee's office for their plans on luncheon in the Secretary's Dining Room today, since the Secretary is attending the ABA luncheon, and was told that the Secretar Dining Room is closed today. Is it all right to call Chairman Martin to let him know that there is no Fed lunch today? YES (NOTE: X NO We have been told that the cook will be on jury duty for the next two months; when the Secretary's Dining Room is open for lunch, the food will be provided by the cafeteria.) 10:15 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Ben Brown of Crongressional Relations called Mr. MacLaury's office concerning your statement before the Subcommittee on Veterans' Legislation, Senate Cmte. on Finance, on Wednesday, Nov. 19th - and he is working on it. as given the Message that Mr. Cavanaugh Mrssages for Mr. Volcker Monday, November 17, 1969 - 3 - He asked that his call be returned. 11:15 AM - Mr. Kearns called. (128-21131) 11:45 AM - Mr. Petty called and would like a word with you on the phone when you return from Secy's office. 12:30 FM - When I talked with Mrs. Mais, Hugh Stokely's secretary, about an appointment for him with you other than lunch, she suggested 11:00 a.m. on Friday, Nov. 21st. Your calendar is clear. ON CAL. (She mentioned that this was basically a courtesy call, but thought that Mr. Stokely would like to discuss the tax bill and the general budget outlook.) 1:20 PM - Mr. Christopher Files of the Daily Mail Newspaper in London called from London. He said he had read where you were going to make a speech in December at the conference, organized by Mr. Goodmans, of the Institutional Investor, and inquired as to whether there was a prepared text that could be carried in whole or in part in a journal which his office put out called "Euro-Money," the December number of which goes to press the end of this week and which is published about two days after the Conference. I told him I knew of no prepared statement, and he thanked me and hung up. 2:05 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Urfer called. (189-3853) He asked that his call be returned. Messages for Mr. Volcker - 4 - November 17, 1969 2:50 PM - Mr. Houthakker's secy. called and said he under stood there was to be a meeting on the direct investment program on Thursday and that he, Houthakker, would like to repre sent CEA, I told her I was not aware of such a meeting woxi but would convey the message to you. 3:00 PM - Mr. Weidenbaum's office called and said Willi am Bryan, who http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis is a money and banking economist with the Univ. of Illinois and is on the board of several banks, is interested in spending a year's leave of absence at the Treasury, and is comin g in to see Mr. Weidenbaum tomorrow morning and Mr. Weidenbaum would like to bring him in to see you,. Mr. Weidenbaum considers Mr. as Bryan a very good general economist/amdxwell as very good in the money and banking field and thinks the Treasury could put him to good use if we can find a slot for him. 11:30 tomorrow morning. On cal I suggested M:ssages for Mr. Volcker 3:35 PM - REMINDER: Monday, November 17, 1969 to Mr. Mitchell (N.K.Exec.Director) is inquiring as whether you have had an opportunity to extend the U.K. invitation to the Secretary for the opera initx in London on Saturday, December 6th. 4:35 PM - Mr. Kearns called. He asked that his call be returned.(128-21131) you the conference on the 4:40 PM - Jim Smtth called and said to tell http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ng and Mr. Smith has IET is scheduled for 9:30 tomorrow morni alerted Bob Cole. - 1 - Messages for Mr. Volcker Friday, November 14, 1969 9:10 AM - Mr. MacLaury stopped by to say that the Financing Group would need to see you as early as possible today (if an announcement were to be made) - and suggested that we put them down for 12:30 p.m., should you return from the Hill by then; or, alternatively, at 2:30 P•m• 9:30 AM - Mr. Urfer called. ON CAL. He asked that his call be returned. 4iggytAfik (189-3855) 9:35 AM - Miss Mais, secretary to Hugh Stokely of the Keystone Custodian Fund, called to say that Mr. Stokely will be in Washington next week on Wed., Thurs. and Friday (19-20-21) and would like you to have lunch with him - or if you are not available for lunch hoped he might see you at a time when you might be free. She suggested lunch on Friday, November 21, at 1:00 p.m. Your calendar is free. I very tentatively put a hold on 1:00 Pm on the 21st and told her I would confirm. ) 41A/9//P7Is it all right to confirm lunch with Mr. Stokely on Friday, , fr- g NO r"-Nove 21? YES Gt7 / dr - do you prefer that we arrange an appointment for him with , you other than lunch? YES NO Mrs. Mais, (Boston) - 617-726-1215. 10:20 AM - Lawrence Malkin of Time called - to talk with you about gold. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 I suggested that he talk with Mr. MacLaury and his call was transferred. Messages for Mr. Volcker - 2 - Friday, Nov.14,1969 10:25 AM - Mr. Rivel of the Chase Manhattan Bank called. his call be returned. He asked that - A.C. 212-214 552-4343. 10:30 AM - Maurine in Mr. Mitchell's office called to ask if they might http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis expect to receive a reply today, or will it not be until Monday, to the Chancellor's invitation to the Secretary, which Mr. Mitchell conveyed to you when he visited you. I told her the Secy, had been out of town this week, was due back today but his staff didn't know whether or not he would be in the office today; also we were still waiting to learn what Secy. Rogers decision was going to be on his travel plans and schedule before trying to get the Secy's (Kennedy) schedule firmed. I told her I really thought it would be next week before things developed to the point that we could go back to the Secy on firming up his schedule but said I would remind you and also tell our staff who were working on the trip so they would keep in mind that an invitation from the Chancellor is pending I asked her if she knew what the Chancellor's invitation was; she said she hadn't seen anything in writing but she thought the Chancellor had inquired about the possibility of lunch on Friday and going to the Chancellor's country place on Saturday. call, I told Mr. McCamey about this He said they had checked with State this morning and Rogers still hasn't focussed on the staff memo recommending his travel schedule, etc,, presumably because of the press of other business. 11.1111, , - 1 - Messages for Mr. Volcker Thursday, Nov. 13, 1969 Labor, 9:10 AM - Jeffry Moore, Commissioner of Labor Statistics, Dept. of returned your call. He expects to be in his office until noon. (110-3112) 10:20 AM = Mr. Kearns called and would like you to call him. 128 - 21131 10:50 AM - Dr. Walker called & would like to speak to you on the phone when you're free. NOTE: 2801 Game for you from Shall Mk. Jurich plan to attend the Pentagon 2:00 to 3:30 today? (Your l re to attend Cabinet Cmte. on Econ. Policy at 3:30.) YES NO 4:30 FM - Senator Wall ce Bennett(R- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Committee) you were no He cance avai called. (Banking & Currency d the call when he ilaRixx learned e to talk with him. - 2 - Messages for Mr. Volcker November 13, 1969 4:05 PM - Arnold Webber, Asst. Secy. of Labor, returned your call. He expects to be in his office until about 7:00 PM. 110 - 4366 NOTE: AM We have just learned that the Secy. is returning at 2:30 don't tomorrow morning, but, because of the late arrival, they know whether or not he'll come to the office. Secy's Staff tomorrow morning has been cancelled. ns, it looks 4:25 PM - Mr. Geng said,because of technical market reaso http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis row as though we might want to announce our financing tomor instead of Monday. He thinks it would be useful to have a with financing group session with you tomorrow, if possible, the view of a possible announcement tomorrow afternoon. He t. would prefer a session with you tomorrow rather than tonigh because Mr. MacLaury will be here tomorrow. Since Secy.'s on Staff is cancelled, you could have a financing group sessi at 8:30 tomorrow morning if you wished. YES NO Or wait and see if you get back from the Hill in time to have a financing session before your 1:00 PM lunch with be). Stanley Cleveland (I'm trying to find out where this will YES NO (More) Messages for Mr. Volcker - 3 - November 13, 1969 Otherwise, you could have a financin g session at 2:30 PM after your lunch with Mr. Cleveland and still announce at 3:30 if that seemed desirable. Mr. Geng thought a half an hour session would do to reach a deci sion. YES NO 4:30 PM - Senator Wallace Bennett (R-Utal) called. and Currency Committee. He is on the Banking Senator Bennett cancelled his call when he learned you were not available to talk with him. --(Please note item concerning the Senator on ticker item atta ched.) http://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: wire service article Pages Removed: 88 Author(s): Title: Tax and Mortgage Date: 11/13/1969 Journal: UPI Wire Service Volume: URL: Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Messages for Mr. Volcker 9:20 AM - 9:40 AM - Wednesday, Nov. 12, 1969 Chairman Martin's office has extended the invitation to the Fed lunch today. //(i /1/P - 1 - He has other luncheon plans, but Governor NO Is it OK to accept? YES and (Messrs. MacLaury, Geng, Carlock,/Snyder will attend. Bill Miller of the Senate Post Office Committee staff called . in the draft testimony that He read the statement/the Chairman had made to you on Oct. 13 (re views on financial provisions of the President's P.O. pr681 "Chairman: Preferably by not reappearing to save your own Robertson will host. time, although if necessary we could hold another hearing, we will keep this phase od the record open to permit those who were here this morning, and others, if they have questions, to raise them with you in writing, and then you could respond in kind." -- and to which you answered "I would be very happy to do that." Mr. Miller inquired as to whether you had order received any questions, inhatkinc that this might be made a part of the galley proof which he plans on sending to the printer to be put into page proof before final bookle t printing. I checked with Mr. Snyder, who said that there had been no questions to his knowledge. Is it all right to tell MxxMaxti Mr. Miller you have nothing further to add to his galley proof? YES NO (255-5451) 10:15 AM - Mr. McNamara's secretary called to say that he would like anothw http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis appointment with you on this coming Monday, Nov. 17th -- and she said she thought it was more on the same subjec t that had been discussed when he was here on Monday, Nov. 3. I gave him continued/2 Messages for Mr. Volcker 10:15 AM Wednesday, Nov. 12, 1969 - McNamara call - conti. 5:00 PM on Monday, November 17. Both Mr. Petty ad Mr. Wieczorowski had attended the Nov. 3 meeting with Mr. McNamara. Do you wish Mr. Petty also Mr. Wieczorowski this next Monday? and to sit in on the meeting ON CAL. 9:50 AM - Mary Grace said Mr. Petty would like to have a session with you, Mr. MacLaury and Mr. Geng sometime today on PEFCO. The only feasible time seemed to be 5:00 PM, since Mr. Petty had a 2:00 o'clock and a 4:00 o'clock and I assume you're going to mtg. of US del. to EPC in McCracken's office at 4:00. Mary Grace said she'd line everyone am up tentatively for 5:00. Is 5:00 o'clock all right? YES NO Mary Grace borrowed your copy of the latest paper on PEFCO that Mr. Petty gave you yesterday in order to make some changes in it. 12:35 PM - Derek Mitchell - Mr. Maude's successor at the Fund - asked http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to see you this afternoon. I gave him 3:00 p.m. - ON CAL. Messages for Mr. Volcker - 3 - November 12, 1969 2:50 PM - Mr, Petty's office called and said he has arranged for you and him to see the Secy. at 11:00 AM on Monday in preparation for Mr. McNamara's visit to you at 5:00 PM on Monday on increasing the capital of the World Bank. On cal. 3:10 PM - Miss Mitchell at the British Embassy called to invite you and Mrs, Volcker to a black tie dinner Ambassador & Mrs. Freeman are giving at 8:00 PM on Saturday, Nov. 22, for Lord Clark, who made the films for the TV special being shown in England in, as I recall, 8 installments, and parts of which are being shown at the Natl. Gallery of Art as a public service, which purports to give the history of civilization through the art forms, The dinner will be at the Embassy, 3100 Mass. Ave., NW. Cal. clear, (462-6041) Accept Regret 3:45 PM - When I gave Mr. Widman the copy of the ltr. from our Amb. to Spain about Secy's visitng Spain in Dec., Mr. Widman said they had just had bad news from State -- someone at State is trying to talk Secy. Rogers ito not only going to Bonn before the NATO meetings but also to th Hague and Paris. However, the Secy. has not yet made a decision about this. 5:50 PM - Gov. Daane called and when I told him you had a meeting going http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on said he would check in with us before he leaves his office. - 4 - Messages for Mr c Volcker NOTE: November 12, 1969 Lorraine said Mr. MacLaury will be away all day tomorrow making an out-of-town speech and he will also be away on Monday -- in Paris for EPC meetings -- but suggested you have a meeting of your financing group on cash financing on Monday morning. On Monday, you are due in Secy's office at 9:00 AM and are invited to the ABA Economic Symposium at the Mayflower, starting at 9:30 AM and running thru lunch and after lunch to 4:00 PM. (Today, we received copies from the ABA of advance texts of the major speeches at the Symposium and I sent this up to Mr. Auten to see if someone could summarize them or at least mark the most important parts so that you can tell (1) what part or parts of the Symposium are likely to be the most interesting,RREI (2) so you'll know if anything new or particularly interesting is to be said, and (3) so you'll be prepared to participate in the discussion.) Mr. Petty has set up a session with the Secy. for 11:00 AM Monday in preparation for Mr. McNamara's visit at 5:00 that day. If you don't think you'll go to the first part of the ABA Symposium, we could schedule the financing group for 9:45 AM. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis YES NO Messages for Mr. Volcker NOTE: - 5 - November 12, 1969 Mr. Willis talked to Mr. McCamey from your office and apparently what State is planning to propose to Secy. Rogers is to fly to Brussels on Monday, Dec. 1, visit the Hague on Sat., Dec. 6, return to Brussels Sat, evening, the 6th, where Rogers has to make a speech that evening, visit Bonn on Monday, the ;8th, and visit Paris on Tuesday, the 9th, and then return to Washington. Mr. Willis asked Mr. McCamey to prepare some alternative schedules one with tkgxS our Secy. accompanying Rogers excepting to Paris and the other with our Secy. traveling alone after Brussels so that you can see what the possibilities are and then talk to the Secy. We'll be getting these tomorrow morning. 6:40 PM - Gov. Daane called and said he didn't know whether he had http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis helped the problems you had with his speech in the latest redraft but, if you have a chance to look at it and give him a ring either at home this evening or first thing tomorrow morning, he'd appreciate it -- he needs to put the speech to bed tomorrow morning, Messages for Mr. Volcker - 1 - 9:15 AM - Marty Miller called. Monday, November 10,1969 1 (He said that you had suggested that he call you this morning/(2219) 9:35 AM - Phillip Areeda, Ex.Dir. of the Task Force on Oil Import Control, called about a matter having to do with the Cabinet Cmte. mtg. this past Saturday (Nov. 8). He said it was urgent and would / s morning, if at all possible. like to talk with you t.h (103-5071) 1-0:1-0 AM - Mr. McCracken's office called to say that the EPC Delegation meeting is now scheduled for 4:00 p.m0 in his office on Wed , NOA 12, -- Room 312, EOB. ON CAL. xi9miglExAMxxxMxxxlmirmax*xwko 10:30 AM - Mr. Hirschtritt called. He would like to come in to see you. (2803) 11:20 M - Mr. Petty has ascheduled your meeting with Messrs. Marks, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Lester Johnson and Victor Mack in your office at 11:45 a.m. this morning. ON CAL. - 2 - Messages for Mr. Volcker 9:45 AM - Mr. Kearns called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis With reference to his PEFCO memo, he wished to point out three things: (1) Monday,Nov. 10, 1969 (dated Nov. 8 - attached) charge.On pabel - Item 1:- Par. 2 - which refers to the a provision should be put at the end of the paragraph: "provided there are no problems with the Justice Dept." (2) On page 2 - Item 4 - add in parens "(This is a statement in principle. The details will be worked out by our attornies.)" second para. from bot: (3) On page 2 - Item 4 - Line 4 of -- Strike word "provided for a nominal fee 11nominal." He wanted to make one other statement to you: "Our directors have discussed this subject and the last Petty memo and we have concluded that we do not believe that the Petty memo will solve the problem. We ask for considEration oQ our proposals as submitted." NOTE: Mr. Kearns will be in a Board Meeting from 10:00 a.m. to 10:30 a.m. and asked that his call be returned about 10:30 a.m., if possible. --(128-21131) Messages for Mr. Volcker November 10, 1969 - 3 - bad news and 2:30 PM - Jim Smith stopped by and said he had both some ) some good news. "The bad news is that Tom Vail and he (Smith haven't made connections yet on the interest rate matter. The good news is that John Martin called and Chrm. Mills is going to the Rules Cmte. on Wednesday for a rule on IET and Mr. Smith said "we are sending up a letter this afternoon stressing the urgency of this and our support for the Bennett Rider, which Mills wanted." Mr. Smith said he was going up to the Hill now to try to see Tom Vail and hopes to have some better news later in the day. on the phone. 3:40 PM - Mr. Kearns called and would like to speak to you 128 - 21131 in from the UN 4:35 PM - Mr. Willis called and said there is a cable about intl. monetary reform and State wants to get a reply out tonight; Mr. Willis needs to see you re this. Omiumaxx Shep-arri; (Your copy of the cable lifiritire—matertai -given Mr.- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr, Volcker - 1 - 9:20 AM -1 /1aurice Mann called Friday, Nov. 1969 He asked that his call be returned. (103-3680) The Secretary and 11:30 AM The Secretary's Dining Room is closed today c ('Mrs. Kennedy are having guests for lunch.) 11:35 AM - Ed Dale, of the NY Times, called and said he had seen you and told you he wanted to invite you to lunch some time. He said he is game any day next week except Thursday or any day of the following week. You aren't free for lunch any day next week excepting the day Mr. Dale is tied up. The following week, you are free for lunch on Tuesday and Thursday but there are Pentagon games scheduled from 2:00 to 3:30 on both of those days and it seems likely if you are to attend any of the Pentagom game sessions you are more likely to be able to attend one of these days than any other. You are free for lunch on Friday, Nov. 21st. Shall I tell Mr. Dale you will lunch with him at 1:00 PM on Nov. 21st? YES NO 11:40 AM - Conrad Christiano of the Bond Buyer called and asked how http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis soon they would have an advance copy of your statement for the Reuss Subcmte. on the 14th. I told him I thought it was customary that such testimony was not released until a witness had commenced testifying. the case. He said he thought that was probably Messages for Mr. Volcker - 2 - November 7, 1969 12:15 PM - Mr. Wonnacott's office called and said the 3:00 PM EPC del. mtg. today had to be cancelled because Mr. McCracken was unexpectedly called out of town. They have not rescheduled. MacLaury advised. 12:25 PM - Mxito Gov. Daane called and would like to speak to you on the phone -- his secy. said e was leaving to go out of town at 2:00. 2:00 PM - Mr. Petty would like about 10 minutes with you Romathi sometime http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be ore your 4:30 p.m He meeting with Mr. Kearns this afternoon, 1 be in his office all afternoon and suggested that we call when you would like him to come in. (2522) Messages for Mr. Volcker - 3 9 Friday, Nov. 7, 1969 4:30 pm - Mr. Bethke of Discount Corporation called; He wanted to give you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis some background information on the Association of Government Securities Dealers (which includes all the 21 dealer firms) 111.11M. and to invite you to talk at their March 1970 session. He said the Association was organized this year with xthe strong (he didn't say "Bank" or "Board" blessing of the Federal Reserve/Baaxd and Treasury officials. _ be One of its programs is going to/a series of 7 sessions, once a month, which will cover: (1) Dealer functions and policy practices -- with the heads of 4 dealer firms speaking; (2) (starting with December) Second session will be the Dealer Role in Implementation of of Monetary Policy from the View of the Open Market Desk. 03 Speaker will be Alan Holmes. (3) Third sessionlwill be the Dealer Role and the Implementation of Monetary Policy from the viewpoint of the Federal Reserve Board and Staff. There will be two speakers: Brimmer and Steven Axilrod. (4) Governor 1 This session will be the Dealer Function and Responsibility to Debt Management. This is the session they would like you to speak before -- and the dates they have set aside are Marsh 17th and March 18th (Tuesday or Wednesday). If neither of these dates is appropriate, they could have it a week earlier or a week later. Contiried/4 - 4 - M:ssages for Mr. Volcker Friday, Nov. 7, 1969 4:;0 pm - Mr. Betbv's call continued http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The Session would start at 4:00 p.m. in New York -- at the Morgan Guaranty Conference Room. dealer firms present. There will be 150 representatives of He suggests a talk of not more than 1/2 hour; can be informal -- off-the-record -- followed by Q&A. This would be followed by a dinner in New York with the Executive Committee of the Dealers Association. The reason for the urgency behind this call, according to Mr. Bethe, is the fact that the first session starts in December and they would like to get a program out right away. He said they would not be satisfied with anyone except you -- they want the top men. Your calendar is clear on either March 17th or 18th; except for the possible scheduling of G-10 - WP-3 meetings in Paris. Mr. Bethke hoped he might have an answer on Monday. Do you wish to accept Mr. Bethke's invitation to talk? YES NO If yes, shall we make it tentatively on Tuesday, the 17th , subject to AmyRiopmEmtxmix or Wednesday, the 18th March e for Paris meetings; with the underyour/schedul ammiudaii standing that Mr. MacLaury or Mr. Geng will take over should there be a conflict? OTHER (Mr. Bethke - 212 - WH-3-4400) 4 Messages for Mr. Volcker 5:55 pm - Maurice Mann called. (103-3680) NOTE: - 5 - Friday, Nov. 7, 1969 He asked that his call be returned. (There is no urgency - he said Monday would be fine. on the 1970 Mr. Schaffner called and said the press backgrounding be B/P program has been cancelled for Monday and will have to rescheduled when the President has approved. He said he will Tanner be away on Monday but Mr. Tanner will be on hand and Mk. & of course Mr. Petty will be here. fner) is familiar with everythinge He said Mr. Petty knows he (Schaf will be away on Monday and thinks it will be all right. Schaffner ounder said he was telling the Information people the press backgr was off for Monday. NOTE: Ed Dale picked next Tuesday to lunch with you, at 1:00 PM at the Federal City Club at the Carlton. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On cal. - 1 - Messages for Mr. Volcker Thursday, Nov. 6, 1969 9:05 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room. 9:15 AM - Elmer Rustad called. He asked that his call be returned. (2466) 10:05 AM - Dr. Wallich stopped to say that he would like to have about 15 minutes with you sometime today -- and thought that perhaps the best time would belat the conclusion of the Volcker Group meeting. ON CAL. 10:15 AM - Mr. Eggers called and would like you to call him. 2093 12:20 PM - Mr. Kinney's office at EEC desk at State called to say http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that Amb. Schaetzel will be in Washington, arriving on the morning of Thurs., Nov. 20th, and would like to see you. He is free on the afternoon of Nov, 20th, on Monday, the 24th, except for a 3:30 PM appointment; and all day on Tuesday, and Wednesday, Nov. 25th and 26th, Since you'll be tied up all afternoon on the Fund consultations on Nov, 24th, 25th, and 26th, pRxklitps and your cal. is clear on the 20th -- assuming you aren't going to Paris for EPC, in which case you'd be returning from Paris on the 20th -shall we schedule you to see Schaetzel at 3:3 PM on the •1/4 20th? (101 - 20531) YES NO 1 Messages for Mr. Volcker - 2 - Thursday, Nov.6,1969 2:10 PM - Chairman Preston Martin, FHLBB, called. He asked that his call be returned. -- 129-5537. 2:20 FM - Preston Martin's secretary called again to ask whether the http://fraser.stlouisfed.org/ k Federal Reserve Bank of St. Louis Chairman might come over at 3:00 p.m. this afternoon - or earlier - if it's convenient. I told her I would check with you on your return from lunch and get in touch with her then. Is it all right for him to come in to see you at 3:00 p.m.? YES NO -- or earlier, if he can? 4 - 3 - Messages for Mr. Volcker Friday, Nov. 6, 1969 2:45 PM - I spoke with Mr. Kearn's secretary concerning changing the time of his appointment with you from 4:30 p.m. to 4:00 p.m., if possible. She said that Mr. Kearns is unable to make it at 4:00 p.m., since he has an appointment with the Canadian AHD, However, she suggested 6:00 p.m. (or at the time of your return from the Secretary's office, if this ahould be sooner than 6:00 ON CAL. NOTE: Did you want anyone sitting in on this appointment? YES NO 2:50 PM- Mr. Suchman, Mr. Samuels' Aide, called. He said that you had been told that Mr. Barnett of State would be calling you today on the Banque Belge case. Mr. Suchman asked that you be given the message that Mr. Barnett is out of town; that he will be calling you on his return to Washington, either late Monday afternoon or possibly Tuesday morning. 2:55 PM - Mr. Petty would like a few more minutes with you aboutt the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Kearns visit. - 2 - Messages for Mr. Volcker 3:15 PM - Dr. Kacser called. Wednesday,Nov. 5,1969 She asked that her call be returned. 133-7963. - 4:20 FM -4101r. Willis' office called to inform us that he has arranged for a Volcker Group meeting in your office at 4:30 p.m., tomorrow (Thursday, Nov (Agenda: 6). ON CAL, debriefing on Paris trip.) 4:25 PM - Mr. MacLaury stopped by to say that he is accompanying the Secretary (at the Secretary's request) to the Cabinet Crate ° on Construction at the EOB (Room 415). 4:20 PM - Mr. Wonnacott's secy called to ask if you could attend a 4:00 PM meeting in Mr. McCracken's office on this coming Friday Rtx4 of the US del. to EPC. I said you were holding a Volcker Group mtg. at 4:30 on Friday and she said, oh, yes, she had just had a call and Mr. Wonnacott would want to attend that, She said she would call us back, ERR check this out with him and Assume when the meeting is set you'll want to have Mr. MacLaury attend? YES NO 4:30 PM - Dr. Kacser called again and would like you to call her. 4:40 PM - Mrs. Smith at State called and said Stanley Cleveland, our http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Economic Minister in London, is going to be be Washington Messages for Mr. Volcker - 3 - November 5, 1969 next week and asked her to inquire whether you might be free to have lunch with him on either Wednesday or Friday of next week, or, if you aren't free for lunch, he would like an appointment to see you some time. Wednesday is the Fed. & also FNMA Bd. mtg. & lunch lunch/and you are testifying before the Reuss Subcmte. at 10:00 AM on Friday but are free for lunch. Would you wish to have lunch with Mr. Cleveland on Friday, the 14th? 4k 6-4P4''' YES 1\4W NO (Mrs. Smith - 101 - 20310) NOTE: Mr. Weatherbee's office called to ask if you would be free at 12:00 noon on Friday, the 7th, to swear Mr. Geng in -- in case the Secy. does not get back from a 10:30 AM mtg. at the White House in time to do the honors -- which he hopes to do but can't be sure. I told her you were. It will be in 4121. On cal. 4:55 pm - Mr. McCracken's staff called to invite you to attend an EPC Delegation meeting in Room 312 of EOB (Mr. McCracken's office) at 3:00 p.m. on Friday, November 7.-- Your calendar is clear. Shall we inform them that you will attend? YES X NO 4 Iviit -- Miss Lee: 103-5086 4tf otA 5:45 PM - Mr. Hirschtritt called to say that he is available to come in http://fraser.stlouisfed.org/ iMMEL_ Federal Reserve Bank of St. Louis at any time you are free - regarding the "Rockefiller nmemo. 2803 c„ Messages for Mr. Volcker - 1 - Tuesday, Nov.4,1969 9:o0 AM - Mary Harris called to check your calendar for Thursd ay, Nov.13dh. The Secretary will be out of tow n on that day and unable to attend the Cabinet Committee on Economic Policy meeting sch eduled for 3:30 p.m. in the Cabinet Roo m of the White House. I tol d her that you were free at 3:30 p.m . -- and mentioned, too, that you would be preparing your statmm ent for your appearance before the Reuss Subcommittee at 10:00 a.m . the following morning, the 14th. She asked that this meeting be put on your calendar and sai d that it usually lasts Er lk hours. -- ON CAL. 9:15 a.mT=Mary called again to say that she had called the WhtE House to say that that you would attend the Cabinet Cmte. meeting for the Secretary and was given the inf ormation that the entire mee tLng would be devoted to a discus sion on wage-price-cost prospe cts and their policy implications. (She said no papers had been sent over and she doubted whether there would be any;q but any material from the White House for this meeting would be sent on to you.) 9:20 AM - The Executive Secretari at called to say that the Sec retary would be away from Washhgton on the aftennoon of Wednesday, Nov . 13, and all day Thursday, Nov. 14th; Dr. Walker is expected to be away also; and that you will be Acting Secretary then. (Th e Exec.Sec. was unable to say at presen t where the Secretary or Dr. Walker were going.) ON CAL. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - Messages for Mr. Volcker 9:40 am - Matyy Miller called. Tuesda November 4th 196 He asked for a few minutesw*ith you this afternoon to discuss something crucial. He said this had nothing to do with past discussions on personnel, etc., but concerns the Committee and the program -- the Secretary, Mr. Roche and Mr. Metcalfe. I tentatively gave him 5:00 this afternoon and told him I would confirm after you had been consulted. Is it all right to confirm? YES NO OTHER 10:45 AM - We've told Mr. Weatherbee's office you will lunch in Secy's dining room today. n 11:40 AM - Mr. Willis said to ask you if you are still of the opinio that you don't need to have a Volcker Group meeting before tomorrow. YES NO If no Volcker Group meeting, shall I ask Mr. Dale to stay on after the meeting with the Indians at 3:00 this afternoon so that you amd can talk to him about the Board meeting tomorrow on quotas? YES NO NOTE: 29? What was your taxi fare from La Guardia to JFK on Oct. What was your taxi fare from Dulles to home on Nov. 1? (I need these to make claim in your voucher.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 3 - November 4, 1969 seeing Mr. Perez Guerrero, 3:15 PM - Mr. Willis understands you are rrow; Mr. Willis the new Secy. Gen. of UNCTAD, at 3:00 tomo accompanied by Mr. said Mr. Guerrero will undoubtedly be has been with Sidney Dell, of UNCTAD, who is the one who things -- the UNCTAD for a long time and really handles just a figurehead. Secy. Gen., according to Mr. Willis, is Willis at 6:00 In any event, Mr. Dell is going to see Mr. ted in your office PM tomorrow to continue the discussion star would like to suggest at 3:00, and, in view of this, Mr. Willis with you at 3:00 PM. that it would be useful for him to sit in Mr. Petty is planning to sit in. Is it all right for Mr. Willis to sit in? YES NO aury would like to have a meeting 3:30 PM - Lorraine said that Mr. MacL http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis , Geng, Carlock, of the Treasury financing group (himself before the Fed lunch, Snyder & Cook) with you tomorrow morning s, and book entry. to discuss lending of securities, E. Bond like to check with I told Lorraine you were drafting and I'd you on a time for this. Do you think 10:00 AM tomorrow would be allright? YES NO OTHER Messages for Mr. Volcker NOTE: Mr - 4 - November 4, 1969 Webster's office has scheduled the videotape recording by you and Dr. Walker with Jerry Goodman for 2:30 to 4:30 PM /• on Monday, Nov. 10, in Treasury Conference Rm. 441W. NOTE: On cal. Mary Finnerty said the California housing people have advised that they will not be able to come to see you on the 12th as planned; they have to be back in Sacramento on that day; but they'll be in touch with us later on about another date. 5:15 PM - Mr. Karlik called and said they would like very much to have a prepared statement submitted by you in advance of your appearance before the Reuss Subcmte. on the 14th -- they would like to have copies (he didn't specify how many but I'll check when I call back) by noon on the 13th, if at all possible. He'd like a call back tomorrow on the possibility of this. 5:20 PM - Dr, Kacser, of HEW called and said k it was personal and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis they were having their phones changed and they weren't alwayy operational -- and also she would be in and out tomorrow -would only be there for another 15 minutes totight -- and she wondered what might be a good time for her to call you tomorrow. I told her it was just impossible to predict but she said she'd try anyway in the morning and maybe we'd have a better outlook, She did leave the following number which she wouldn't islx guarantee the number would - be working. 13 - 24876 - 1 Messages for Mr. Volcker Monday, November 3, 1969 briefing of schtritt called to sqggest a Hir tix skE Mix Mr. . a.m 5 9:1 or to 0 this afternoon -- just pri Treasury people at 2:30 p.m ara, your meeting with Mr. MacNam rowski, the gest further that Mr. Wiecze sug to led cal ty Pet Mr. 9:20 a.m. at ld Bank, be invited to sit in new U.S. Director at the Wor http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis d time t, too, that it might be a goo this briefing -- and though g ra just prior to your meetin to introduce him to Mr. McNama with him. been noted for a swearing-in at Your calendar at 2:30 p.m. has , as Asst. Secy. for Economic Commerce of Dr. Harold Passer Affairs. d to this, but has (Mr. Petty has also been invite indicated he will not attend.) ting m 2:30 p.m0 for a briefing mee Is it all right to confir tritt? with Messrs. Petty and Hirsch YES NO it is all right to include Shall we tell Mr. Petty that Mr. Wieczerowski? YES NO g e just prior to your meetin Do you wish to take the tim ra? Mr. Wiezerowski to Mr.McNama with Mr. McNamara to introduce YES NO OTHER tt - 2803 - 2522) (Messrs. Pdtty and Hirschtri Messages far Mr. Volcker 10:20 a.m, - Petty called. - 2 - Monday, November 3, 1969 He asked that his call be returned. (2522) 10:25 AM - NY, Eggers called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2093 - 1 - Messages for Mr. Volcker October 29 - 31, 1969 Wednesday, October 29 NOTE: Mr, Sachdeva said Amb. Jagannathan and Mr. Marathe would now prefer to see you at 3:00 on Tuesday next, rather than on Monday, as originally requested. changes in IMF quotas. They want to see you about the proposed (who handles Indian Affairs) I passed this along to Mr. Westcott/and also to Mr. Dale, since it seemed strange that the Exec. Director for India of the World Bank was making these arrangements and coming to see you rather than Mr. Madan, the IMF Indian Exec. Director. Mr. Marathe tii I find is Alternate Exec. Director for India at the Fund. I also found that Messrs. Jagannathan and Marathe had seen Mr. Petty this morning on World Bank program lending to India. We will be receiving further intelligence from Mr. Westcott and probably also from Mr. Dale. No doubt Sam Cross and/or Mr. Westcott will want to sit in when the Indians come to see you. I wonder if you would also like to have Mr. Dale .attend? YES NO 3:30 PM - Mr. Webster stopped by and said that Jerry Goodman, who is http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Adam Smith of the "Money Game': would like to videotape an interview with you and Mr. Walker on "what you are doing" at a studio in Washington, the film to be shown at 100 brokerage houses around the country and asked if your cal. were clear from 10:00 to 12:30 on Wed., Nov. 12th. It was, so I have October 29 - 31, 1969 - 2 - Messages for Mr. Volcker put a hold on the time. Mr. Webster said he would let you know the ;further details. I later learned there will be a FNMA Board meeting on Nov. 12 starting at 9:30 AM and informed Mr. Webster of the conflict. Thursday, October 30 NOTE: Mr. Schaffner said you had called in to Mr. Petty's office and it looks as though there will be an announcement next Thursday of next year's B/P program and that very likely you, Mr. Urfer, and Gov. Brimmer might hold a press backgrounder on Thursday afternoon. He asked me to hold Thursday afternoon on your cal. and to reserve 4121 for a possible press briefing. I have done so. 4:00 PM - Dr. Harold Passer's secy. called to invite you to join him and his other guests for coffee in his office, Rm. 5835, Commerce Bldg., immediately after his swearing in as Asst. Secy. for Economic Affairs at 2:30 PM on Monday, Nov 3. On cal. 4:30 PM - Miss Mary Lou Holton, of James F. Fox, Inc., called to say http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis they would like some kind of advance text of your remarks at the London Investors Conference and would like this in about 2 weeks time. I told her I very much doubted that this would be possible and that you probably would be working on the text of your remarks right up to the time of the conference. She said if you could send an advance text, to send it to her at James F. Fox, Inc., 500 Fifth Ave., New York, New York 10036, Messages for Mr, Volcker - 3 - October 29 - 31, 1969 and they will send it to Christopher Maude-Roxby, Sidney-Barton Ltd., Field House, 15 - 25 Breams Bldgs., London E.C. 4, England, which firm is handling the press releases. She wuuld like confirmation after your return from Europe as to whether or not they may expect an advance text; her phone in NYC is 524-1180. OK to say that you'll have to provide the text when you get to London? YES NO 4:45 PM - Mr. McNamara's secy. called and said he had talked to Secy. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Kennedy and had told the Secy. that he, McNamara, would be calling on you to discuss a certain matter -- she did not know what it was about -- but the Secy. told him you were in Europe but would be back on Monday. She said Mr. McNamara would like to see you on Monday so I gave her 3:00 PM. I checked with Rose Cicala, who monitored the Secy's conversation with McNamara, and she said McNamara said: considering increasing their quotas. "The Fund is Normally, when that happens, the Bank increases its capital. I would like your comments and, rather than bother you with it, I thought I would handle this myself and come over and see Paul Volcker,." The Secy. said "Fine.? I have alerted Mr. Petty, who I understand will want to sit in on this, and perhaps he may Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - October 29 - 31, 1969 want to have Mr. Weiczorowski sit in as well. I also alerted involved; he Mr. Dale, as I wasn't sure whether he might be ble answered the phone himself and said he would be availa always to sit in if you wanted him; he added that it didn't Fund hold true that the Bdnk increased its capital when the did -- they did in 1959 but did not in 1965. Inciddntally, ay, Mr. Weiczorowski was confirmed by the Senate on Thursd Oct 30. 6rffrtA- M2ssages for Mr. Volcker 9:40 AM - Mr. - 1 - Tuesday, October 28,1969 Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room. 10:20 AM - Mr. Willis would like to see you sometime this morning when you are free to discuss arrangements for the NATO Ministerial meetings, etc. Mr. Willis would like to have someone be working out details while you and he are in Europe. I said we'd call him as soon as you were free. /M - Mrs. Volcker called and would like you to give her a ring when you're free. She's feeling better now. 11:05 AM - Miss Kinser, Secretary to Dr. Harold C. Passer, called to invite you to his swearing-in as the new Assistant Secretary for Economic Affairs, Department of Commerce, at 2:30 p.m. Monday, November 3, in the Secretary's Office, Room 5852, Main Commerce Building, 14th & Constitution Ave., N.W. (189-3523)Your calendar is clear; CAL.NOTED. 2:40 PM - Mr. Eggers returned your call. 2093 3:50 PM - Miss Smith in Mr. Fried's office at Brookings called to say http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis they have come on a date for a meeting of the Study Group on International Liquidity and Foreign Aid that Mr. Fried had talked to you about that is agreeable to Messrs. Fowler, Deming, Woods, Dillon, and several others that are ax R hard to get -- namely Tuesday, Dec. 16 be feasible for you. -7 and they hope this will It will be al evening meeting, including Messages for Mr. Volcker = 2 - October 28, 1969 dinner, at Brookings -- from 5:30 until 9:30 PM. Your cal. is presently clear but I assume it would be safer to wait until after you return from Paris, when we'll probably know the dates of the next WP-3 - Deputies meetings, probably sometime in December. (HU 3-8919) Shall I tell her it is tentatively OK but we'll have to confirm when the dates of next Paris meetings are established? YES NO 4:45 PM - Mr. MacLaury stopped by and said because the Secy. decided to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis go to Mexico, Dr. Walker can't go to Barbados, where he was to participate in a panel on housing sponsored by Time, and Walker now is asking Mr. MacLanyy if he can go. Mr. MacLaury said it would involve his being away this weekend, innluding this Friday, when you'll be away, which he doesn't think is practicable -- and besides, he isn't eager to go anyway, but would prefer to have you say no to M. Walker -- or to be able to tell Mr. Walker that you felt he shouldn't be awyy at the same time you are away. OK for him to tell Mr. Walker he cant go? YES NO _ 3 _ Messages for Mr. Volcker October 28, 1969 6:15 PM - Mr. Sachdeva at the World B nk called to request an appointment for Amb. Jagannathan, Indian Exec. Director at World Bank, and Mr. Marathe, the Indian Economic Minister, tomorrow morning. When I explained you were leaving for Europe early in the morning and wouldn't be back in your office until Monday, he just thanked me and said goodbye. However, he called back in a few minutes and asked for an appointment for Monday; when I tried to put it off until Tuesday, he said Amb. Jaggnnathan had a World Bank Board meeting on Tuesday afternoon and apparently would like to see you before that meeting, the earlier the better. I inquired what he x wished to discuss and all Mr. Sachdeva could say was intl. monetary matters; however, he did say would find out more about it and let me know tomorrow. I may also be able to find out something more thru out people tomorrow. I gave him 3:00 PM on Monday and said I would have to confirm it to him tomorrow. YES Is this OK? (181 - 2223) NO 6:20 PM - Mr. Petty would like to see you. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Both Mr. McCamey and Mr. Willis expect to be working on your briefing material for the trip until quite late tonight so Mr. Widman will bring your WP-3 material in his briefcase and _a Messages for Mr. Volcker - 4 - Octobaer 28, 1969 briefcase. r Deputies material in his Mr. Willis will bring you ee or four ect to have more than thr All told, they do not exp NOTE: der of only have one skinny fol inches of material and I you prefer. use your own briefcase if can you so al, eri mat misc. lis at Morrow to pick up Mr. Wil Mr. ed ask e I'v R XRX KXXVCR k you up orrow and then come to pic tom AM 5 5:4 at . apt his before. about 6:00 AM or a little t as like you to call him jus ld wou and led cal en 6:30 PM - Mr. Bergst rican speech. is about the Latin-Ame it -can you as n soo 103 - 5026 g for him on said his wife was waitin and led cal ty Pet Mr. 7:00 PM ; kftxxwi had to leave to meet her • a street corner and he e. He and will call you at hom he will be home by 8:30 t to talk Mr. Schaffner might wan me nti mea the in d sai siax http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis gram. to you about the B/P pro Messages for Mr. Volcker - 3 - October 28, 1969 6:15 PM - Mr. Sachdeva at the World Bank called to request an appointment for Amb. Jagannathan, Indian Exec. Director at World Bank, and Mr,. Marathe, the Indian Economic Minister, tomorrow morning. 0 When I explained you were leaving for Europe early in the morning and wouldn't be back in your office until Monday, he just thanked me and said goodbye. However, he called back in a few minutes and asked for an appointment for Monday; when I tried to put it off until Tuesday, he said Amb. Jagannathan had a World Bank Board meeting on Tuesday afternoon and apparently would like to see you before that meeting, the earlier the better. I inquired what he x wished to discuss and all Mr. Sachdeva could say was intl. monetary matters; however, he did say would find out more about it and let me know tomorrow. I may also be able to find out something more thru our • people tomorrow. I gave him 3:00 PM on Monday and said I would have to confirm it to him tomorrow. YES NO 6, 5r Is this OK? PNI1 (181 - 2223) 14/ 41/v4Pf/,7 6:20 PM - Mr. Petty would like to see you. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis co, Both Mr. McCamey and Mr. Willis expect to be working on your briefing material for the trip until quite late tonight so Mr. Widman will bring your WP-3 material in his briefcase and Messages for Mr. Volcker - 4 - Octobaer 28, 1969 Mr. Willis will bring your Deputies material in his briefcase. All told, they do not expect to have more than three or four inches of material and I only have one skinny folder of misc. material, so you can use your own briefcase if you prefer. NOTE: kxxikaxRxa his apt I've asked Mr Morrow to pick up Mr, Willis at at 5:45 AM tomorrow and then come to pick you up about 6:00 AM or a little before. 6:30 PM - Mr. Bergsten called and would like you to call him just as soon as you can -- it is about the Latin-American speech, 103 - 5026 7:00 PM - Mr. Petty called and said his wife was waiting for him on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a street corner and he had to leave to meet her; iltaxxwi he will be home by 8:30 and will call you at home. He siax said in the meantime Mr. Schaffner might want to talk to you about the B/P program. Messages for Mr. Volcker 9:25 AM - Mr. MElliKkliX - 1 - Monday, October 27, 1969 Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room. on JET. 10:15 AM - Mr. 8 Cole stopped by and would like to see you Chairman Preston 11:30 AM - Clark Fauver of FHLBB called on behalf of your schedule Martin -- wondering if there was any chance that Chairman, on Tuesday, October 28, would permit your seeing the Mr. Fauver and Ray Lapin (FNMA) to discuss At minimum denomina- tions of security issues -- at 2:15 p.m. half hour would be enough. Mr. Fauver said a I had given him the infornation that you had an outside appointment at 3:15 p.m. (Mr Schweitzer) and told him that I would confirm the 2:15 p.m. time Mr.Fauver had asked for after you had been consulted. Is it all right to confirm? YES NO OTHER NOTE: n Mr. Fauver offered the information that neither Mr.Lapi nor the Chairman would be available on Tuesday morning; that Mr. Lapin would be leaving Washington later in the afternoon on Tuesday; and that both the Chairman and 81) Mr. Lapin would be out of town on Wednesday. (129-51 NOTE: Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Bean is still anxious to see you when there is a chance. Messages for Mr. Volcker - 2 - Monday, Oct.27,1969 Oct. 28,1969, 2:15 PM - Mr. Gent asked that we hold 2:00 p.m. on Tuesday, for a short session with you by the financing group (with perhaps some of the aspects of your 2:15 p.m. meeting with Messrs. Martin, Fauver and Lapin discussed). 4:45 ON CAL. PM - Mary *nn Ailin called and said to tell you that Mr. Geng has been approved by the White House, but the piece of paper signifying this hasn't reached her yet; when it does reach her, she will send it to Mr. Weatherbee for him to do his part with the Civil Service. In the meantime, she will alert Mr. Weatherbee it is coming in case he can start any proceedings before it is actually in hand. 5:00 PM - Joe Slevin called and said he'd like to see you sometime http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis soon and asked if you'd be around this week. I explained you were leaving early Wednesday for the usual OECD meetings and wouldn't be back until Saturday. He then asked if he might speak to you on the phone briefly before you get away on the question of looking ahead at the B/P and how do we get it straightened out in the long run -- in the next year or year and a half. 393-6686 o- Messages for Mr. Volcker - 2 - Monday, Oct.27,1969 2:15 PM - Mr. Geng asked that we hold 2:00 pOm. on Tuesday, Oct. 28,19 69, for a short session with you by the financing group (with perhaps some of the aspects of your 2:15 p,m. meeting with Messrs. Martin, Fauver and Lapin discussed). 4:45 ON CAL, PM - Mary Ann Ailin called and said to tell you that Mr. Geng has been approved by the White House, but the piece of paper signifying this hasn't reached her yet; when it does reach her, she will send it to Mr. Weatherbee for him to do his part with the Civil Service. In the meantime, she will alert Mr. Weatherbee it is coming in case he can start any proceedings before it is actually in hand. 5:00 PM - Joe Slevin called and said he'd like to see you sometime http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis soon and asked if you'd be around this week. I explained you were leaving early Wednesday for the usual OECD meetings and wouldn't be back until Saturday. He then asked if he might speak to you on the phone briefly before you get away on the question of looking ahead at the B/P and how do we get it straightened out in the long run -- in the next year or year and a half. 393-6686 Messages for Mr, Volcker - 1 - 3:45 PM - Mr. Hirschtritt called, Friday, October 24,1969 He is leaving his office shortly for a 5-day trip to Paris and asked that two things be mentioned to you, (1) Re his memo toxymm on his discussion with Mr.Bergsten, LDC on/preferences -- Mr. Hirschtritt suggests that you make the suggestion to the Secretary that he send the memo along to the President with a penned note which might read: "While this was discussed in the NSC, I thought I would pass theviews on to you." X23 (Mr, Hirschtritt had not made this suggestion to the Secretary, since he had not yet heard from you.) (2) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Hirschtritt has asked Mr. Finkel to pass on to Mr. Bergsten his (Mr. Hirschtritt's) thoughts on a Nixon fund for industrial, agricultural and health training for Latin Americans -- setting up a volunteer system for businessmen, hospitals and County Agents -- to work with Latin Americans coming here and to send people down there on a vast, new enterprise to get operating and scientific officials together and working to bring progress for the future in President Nixon's "Program of Progress" in Latin Americam for the future, Mr. Finkel is telling this to Mr. Bergsten today, (Mr. Hirschtritt added that since this is all mainly voluntary, it shouldn't cost much; and also, since nobody will use the plan, it won't cost anything.) Messages for Mr. Volcker 4:45 pm - Dr. Kacser called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - Friday, October 24,1969 She asked that you return her call. (Govt.code 133-7963) Messages for Mr. Volcker - 1 - October 23,1969 Brachfeld stopped by to see if you 10:30 AM - Bill Simon and Bill & Finkel with you). might be free (you had yirschtritt the FNMA dedication. They said they might see you at NOTE: g in the ;news that Blessing Mr. Stith said there is somethin parity. will decide tomorrow on the DM If there is an , we will be faced with announcement tomorrow, or whenever maxsktsuaid the Treasury should a decision as to whether or not make a comment to the press. Mr. Stith wondered ix* if you this and whether he should might want to be thinking about be doing anything in preparation. by to see if you might be free. 12:05 PM - Fred Farnsworth stopped possibility of his I did not encourage him about the seeing you this afternoon. tions) called to say that 2:15 PM - Jim Smith (Congressional Rela rate /to 57) passed rest inte th? sing the Savings Bond Bill (rai ension of the the House by unanimous consent under a susp rules procedure. is agrees it would be useful to 3:05 PM - Mr. McCamey said Mr. Will http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 3 and, since Mr. have a mtg. of U. S. delegation to WPl Monday and Mr. Widman won't be back from Tokyo unti to go out of town, it Houthakker is leaving Monday night t be the best time. seemed that next Monday afternoon migh Messages for Mr. Volcker - 2 - October 23, 1969 4:u0 PM on Monday seems a good time and your cal is clear. Is it all right to set up such a meeting for 4:00 on Monday? YES NO 3:15 PM - Mr. Holmes called you from NY Fed and said he hadn't talked to you in some time and he has several things he'd like to discuss whenever you can call him -- nothing urgen t. He said he'd be leaving the office at about 5:15 PM but will be in the office tomorrow. 3:20 PM - Mr. Hirschtritt called and would like you to call him. 2803 4:00 PM - Mr. Sieverts at State called and asked if you were planning http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to attend the Red Cross Board meeting next Monday morni ng. I told him you were going to attend the Sunday lunch and meeting of the Finance Cmte. but I didn't know whether you would attend the Board meeting or not -- that normally the Treasury representative was mainly wanted by the Red Cross on financial matters. He said Mr. Richardson is planning to attend from about 9:00 to 10:00 AM on Monday and had wanted to know who else in Govt. was attending; Mr. Sieverts checked and found that Stulx* Secy Schultze was also planning to attend the Board meeting for about an hour on Monday, Mr. Sieverts suggested I pass this information on to you A • October 23, 1969 - 3 - Messages for Mr. Volcker Mann called you and was going to try to reach Mr. MacLaury when you weren't available. MacLaury called He understands that you will not be re- turning to the office; but hoped you might find time to call either at the office (W0-4-5848) until 6:30 p.m. -or at his home after that time on itic . Hal Dynan, of Burnham ki & Co., called you from NY and wculd like you to call him. He declined to leave a message and said no one else could help him. AC 212 - 344-0383 4:47 PMWeidenbaum stopped by and said he was leaving tonight http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis fS r Florida where he is to address the NAM Annual Conference S n Taxation. He will be back et his office on Saturday - 1 Messages for Mr. Volcker NOTE: October 22, 1969 Messrs. MacLaury, Geng, Snyder, and Cook will accompany you to the Fed, for lunch today. Mr. Carlock was unable to attend. 9:30 AM - Mr. Petty's office called and said he had arranged to see Secy. at 2:15 on Friday in preparation for Herrera's visit to Secy. next Tuesday, and Mr. Petty would like to have you and Dr. Walker participate in the briefing session if you are free. Your cal. was clear. Noted on cal. 10:00 AM - Mr. Darling called and I gave him 5:00 PM today for Mr. Ed Eller to see you. On cal. 10:30 AM - Mr. Lapin's secy. called to say he was entertaining the Presidents and wives of the various associations related to FNMA business who will be attending the dedication ceremonies tomorrow at dinner tomorrow evening and wondered if you and Mrs. Volcker might be free to join them. I explained you had a prior commitment to attend a stag dinner by the German Ambassador tomorrow evexning and expressed your appreciation and regrets. 10:40 AM - Mrs. Schaffer in the local Bank of American office called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to invite you and Mrs. Volcker to the dinner that Mr. and Mrs. Tom Coughran (Exec. V.P. in their NY office) and Mr. and Mrs. Robert James, of the Washington office, are giving for Mr. & Mrs. Clausen (Vice Chrm. of the Board & probably their next President) on Friday, November 14, at 8:00 PM Messages for Mr. Volcker - 2 - at the F St. Club - black tie. October 22, 1969 Cal. clear. ACCEPT Do you wish to: (628-8181) REGRET 2:35 PM - Mr. Brumley called and referred to their memo to the Secy. re his having lunch tomorrow with George Meany, of AFL-CIO, on labor participation in Savings Bonds program and perhaps also to discuss inflation and wage demands (your info, copy of this memo, received this morning, is with Mr. Shepard). The memo asked Secy. if he would be willing to do this and recolunended a briefing session with you and someone from Savings Bonds. Mr. Brumley said the Secy. has approved doing this, would like you to attend the luncheon, and would like you to attend the briefing session at 12:00 noon tomorrow. (You were to attend the 11:00 AM dedication of the new FNMA Bldg and the 12:10 PM lunch to follow at the Natl. Aviation Club). In the light of this, do you wish to regret for the YPI„,,.._ dedication ceremony and lunch? YES NO NOTE: 4)0- _ uo \\ • W6)-- t.o -4,%. \ Yr Mr. Bean wonders if you have any word for him on the memo on German offset that he sent you (on your desk). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis k Messages for Mr. Volcker - 1 - October 21, 1969 9:30 AM - Mary Harris called and said, in addition to the usual Friday staff meeting, the Secy. will have two more elite staff meetings at 9:00 AM Liriv his office on Mondays and Wednesdays. On cal. 10:10 AM - John Karlik called and would like you to call him. 180 - 5171 2:50 PM - Mr. Darling, Vice President of the United California Bank in Los Angeles, called and said their new Executive Vice President in charge of Edge Act corporations in their New York Office, Ed Eller, knows you and was with the Chase Bank for some time. Mr. Eller will be here in Washington from 11:00 AM tomorrow morning until 4:30 Thursday and asked Mr. Darling if he could set up a brief appointment so that Mr. Eller could say a hello to you. Mr. Darling said he was calling from Lambert Jones' office at the Inter-American Development Bank and we could get a message back to him there. wish to see him? If so, we can give him a time late tomorrow afternoon? YES \/\_ NO 4:15 FM - Governor Daane would like you to cal ( i/ im - 147-211 4:30 PM - Congressman Reuss i http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis rning your call - 180-3571 Do you - 2 - Messages for Mr. Volcker October 21, 1969 4:50 PM - Mr. Brumley called and said he had a request from the London Daily Telegraph for an interview on background basis by John Cockroft, who wants to talk about intl. monetary affairs, the U. S. economy, the B/P, etc. Mr. Cockroft is already in this country and would like to see for for 30 minutes sometime this week. Mr. Brumley pointed out that the Daily Telegraph is not the most responsible newspaper in London and he thinks M. Cockroft should have made arrangements for appointments before coming here and not expect to get to see top officials on a moment's notice. Nevertheless, Mr. Brumley thinks it would be nice if you could see Mr. Cockroft if your schedule is not too tight. If you wish to see him, would ;you like to do so sometime Friday afternoon? YES Oit' W.* NO on 5:35 PM - Mr. Dale's secy. called to check the status of your cal. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis next Tues, afternoon. When I said it was clear, she said your appointment with Mr. Schweitzer would be at 3:15 PM next Tuesday. On cal. Messages for Mr. Volcker NOTE: October 20, 1969 - 1 - Fred Farnsworth, of Second District Securities, called and asked if he might see you sometime toward the latter part of this week. market. ixxmgg He wants to discuss the Govt. securities I suggested that he arrange to see Messrs. MacLaury and Geng and, when he comes to see then, to stop by and see what your situation might be. NOTE: Mr. MacLaury has shifted the meeting with Home Loan Bank people from 3:00 to 2:J0 today, in view of the 3:30 mtg. on Urbank. 9:40 AM - Mr. Cohen returned your call. His secy said he would be leaving momentarily to go up to the Sen. Finance Cmte. and ligmxxSiut she doesn't know when he'll be back. She'll let us know when he does return. 9:45 AM - Geoff Shepard called to remind that you wanted to see him. 2631 9:50 AM - Mr. Crosswhite stopped by and said they had a mtg. with http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Exim on Friday and, from the Eximbank people's changed attitude, he assumed that some kind of general policy agreement had been reached at a high level. He wondered if there were any sort of paper in existence setting forth the agreement. I told him I did not know of any but would ask you. - 2 - Messages for Mr. Volcker October 20, 1969 11:05 AM - Mary Monomack called and said Mr. Petty thinks we should invite Trade Amb. Gilbert to the 10:30 meeting on Wednesday on the 1970 B/P program if you see no objection. OK to invite him? YES NO Cohen 12:20 PM - David Lake in Mr. Cohen's office called and said Mr. was on the hill and they didn't know when he'd be back and he was leaving for Cleveland this afternoon; in view of this, Mr. Lake wondered if there might be anything he could do for you -- or if he could take a message for Mr. Cohen. 5363 or 5208 12:55 PM - Mary called and said Mr. Petty would like to see you some- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis time this afternoon. and we'd call them. I told her it would have to be late Messages for Mr. \iolcker - 1 - October 17, 1969 9:40 AM - Mr. Petty would like to see you when there's a chance about the agenda for the mtg. of Cabinet Cmte. on B/P, which he is revising and will be sending copy around to you and which he would like to get out to members of the Cmte. today. 9:45 AM - Mr. Shepard called and said to remind you that you had planned to see him again. 5763 10:30 AM - 10:35 AM - Mr. Schaffner called and said to tell you Secy. Stans indicated that he would prefer not to have Gov. Brimmer at hi,3 meeting with you on Monday. NOTE: When Mr. Willis' secy. set up the Volcker Group meeting for 4:30 this afternoon, I was fearful that your 3:00 o'clock meeting on Urbank might not be over by 4:30, so Jane has reserved 4426 for VG meeting so at least it would be available if needed. She told everyone the mtg. would be in 4426 and, in view of that, is it all right to just plan that the meeting will be held there? YES /PC NO NOTE: IAR2 have told Mr. Weatherbee's office that you will lunch in Secy's dining room today; I assumed you wouldn't lunch at FNMA. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 2 - October 17, 1969 12:20 PM - Mary Weldon came over and said it was on the ticker that the President confirmed reports from Congress that Dr. Burns would be his nominee for Chairman of the Fed. Board. 12:22 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1 - October 16, 1969 9:30 AM - Mrs. Acheson in D.. Danielian's office called to renew his request to see you. (He called on Wed. during Bank- Fund mtgs. and said he had just returned from a trip to Europe where he had spoken with finance ministers, heads of banks, etc. and would like to give you a run-down of his conversations.) 783-2787 9:45 AM - Mr. Petty would like to see you and Mr. MacLaury to debrief on his visits with the bankers yesterday and the day before and would like to do this as soon as possible as he wants to see Mr. Kearns before he leaves. Mary said Kearns isn't leaving today and she doesn't know whether it he is leaving on Friday or on the weekend. OK for 3:00 PM? (MacLaury as a 2:30 appt.) YES NO NOTE: Mr. Schaffner has set the mtg. of Cabinet Cmte. on B/P for from 10:30 to 12:30 PM on Wednesday, Oct. 22, in 4426. NOTE: On cal, We have told Mr. Weatherbee's office that you would lunch in Secy's dining room today. 11:30 AM - John Coleman of the ABA called and said you used to be a http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis member, when you were with Chase, of the Banking & Financial Research Cmte, which comes to Washington once or twice a year and meets with Govt. officials. He wondered if you could have dinner with them on Thurs., Oct. 30, I explained you had to be in Paris for mtgs. on the 30th & 31st & expressed your regret He said they'd try again. NOTE: October 14, 1969 - 1 - Messages for Mr. Volcker rnoon to ask to see you sometime Peter Jay called yesterday afte in the next ten days to discuss on-coming events" and, since times, I gave him 12:00 M we've shoved him off a couple of if you don't want to see him, next Monday, the 20th, thinking, times comes. we can find some excuse when the Do you think you'll want to see him? YES NO PENDING: k to you on SDR and the Joe Livingston would like to spea monetary system. Phila. - AC 215 - Evergreen 2-6666. 10:40 AM - Mr. Eggers called ould like you to call him. 2093 Newspaper, called to renew his 11:45 AM - Mr. Nakao, of Mainichi http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis article by you but he now request for an interview or an "The Intl. Monetary wishes this to be on the subject, Floating Rate." Situation after the German Mark t.) attached not re his orignal reques (See I talked to Mr. Stith wanted, at this stage of about this and said I doubted you t the German mark. events, to be talking publicly abou Mr. handle this was to tell Mr. Stith agreed and said one way to S. Treasury had to say Nakao that everything that the U. was said by the Secy. about the float of the German mark the Treasury has nothing during the Bdnk-Fund meetings and . further to say at the present time Shall Mr. Stith talk Messages for Mr. Volcker - 2 - to Mr. Nakao along these lines? October 14, 1969 (737-2817) YES NO 11:55 AM - Henry Kearns called and would like you to call him. 128 - 21131 or 382-1131 REMINDER: Talk to Mr."tnyder. 12:30 PM - Mary Harris called and suggested you stop by Se cy;s office about 12:45 and over with him to the Life Ins, lunch. 12:45 PM - Mr. Urfer called and would like you to call him. 189 - 3853 xi2xfA1xi?Mxx 1:30 PM - Invitation to a reception by Under Secretary Johnson for the Atlantic Treaty Association to be held Monday, October 20, from 6:30 to 8:00 at the John Quincy Adams Room at the State Department. (It is stag) The entrance to the J.Q.A. Room is at C & 22nd, NW. (Informal) (Miss Gothe at 632-2097 can answer any further questions). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (You and Mrs. Volcker are invited for cocktails by Mr. and Mrs. Huntrods for Sir Maurice and Lady Parsons in Fund Gallery. 6:00-8:00) - on this date - 10/20/69 ACCEPT DECLINE Messages for Mr. Volcker Monday, October 13, 1969 - 1 - 9:00 AM - Mr.Mann's office called to say that Mr. Mayo's meeting on Federal Facilities Bank is set for 3:45 pm this afternoon in Conference Room 248 of EOB. -- ON CAL. -- This is a principals' meeting which Mr.Kennedy is attending, (& which she said you lave also been invited to attend). Mr. Mann's secretary said she was sending you a copy of the paper that had been provided Mr.Kennedy (and one was also being sent to Mr. MacLa)zrjt. (Evelyn - 103-3680) **IP-Lease see note below on Fed Lunch 9:15 AM -"Chairman Martin and Governor Robertson have both accepted the Secretary's invitation to lunch at Treasury today; Mr. Weatherbee's office has been informed that you will also attend. 9:30 AM - Mr. Patterson of Mr. Petty's office called for a time convenient tioaR /with you this afternoon for a meeting on Bank Belge -- to include Mrs. Schwartz and Mr. Sommerfield of Foreign Assets Control, Mr. Petty and Mr. Jurich. I suggested 5:30 p.m. -- and infammed since him that/you had an outside meeting at 3:45 p.m. this afternoon we would check this out with you and confirm. I also suggested that the 5:30 p.m. time might be on a standby basis -- with the principals called on your return to Treasury should this run past 5:30 p.m. Is this satisfactory with you? YES NO OTHER 10:30 AM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ** NOTE: We have just been informed that Chairman Martin is out of town -- and the Fed lunch has been postponed until next Monday, October 20. We have said you will have lunch in the Secy's Dining Room. Messages for Mr. Volcker NOTE: - 2 - Monday, October 13 1969 question -your answer was 'no" to his I told Mr. Petty that House a.m. meeting at the White 0 9:0 the at ng thi any re "Was the nk?" earlier thinking on ExImBa ed ers rev t tha ay urd on Sat talk with him. but that you also wanted to to that the Secretary would like you say o le* cal ris Har y Mar AM 11:40 g at 3:45 p.m. at EOB this afterride with him to the Mayo meetin ( ON CAL.) noon. . He expects to leave Treasury at 3:35 p.m NOTE: the White House The Secretary has a 4:30 p.m. meeting at own car. W will and will go on to this meeting in his from 4:15 pm urn you to Treasury have Sam Morrow standing by at EOB/to ret at the finish of the 3:45 p.m. meeting. NOTE: obar to be at your office Mr. Dale has arranged for Mr. Esc at 9:15 Ali tomorrow. On cal. -e to talk to you when you return 11:55 AM - Mr. MacLaury would lik . about the meeting this afternoon NOTE: g -- he by phone on Friday evenin ner aff Sch Mr. ch rea not I could e Friday ask him to call you at hom to ng goi was I . out was mmer. If he rief on your talk with Bri evening so you could deb want to talk weekend, you will probably didn't call you over the to him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mk. Volcker - 3 - October 13, 1969 is 12:40 PM - Mr. Widman called to ask if you were back; said Strauss in town apparently just for today and is fishing for an appointment with the Secy. The request came to Jurich, who checked with Mary Harris. Mr. Widman has checked with state & Mr. Petty and they feel that, while we don't want to do anything to offend Schiller, Strauss is still Finance Minister, even though lame duck, and an important political figure. Mr. Widman said, since time is running out, he thought he would recommend to Mary Harris that she put this to the Secy. saying it is agreed that this would probably be desirable -for Se cy. to see Strauss -- if he agrees. Mr. Widman said if you have any strong other views, he would appreciate knowing as soon as possible. 2:15 PM - Mr. MacLaury's office has informed us that the 3:00 p.m. FNMA financing meeting has been moved fxa to 5:00 p.m. (ON CAL.) 4:45 PM - Joe Livingston called from Philadelphia. He wondered whetherlike you /would be kind enough to call him -- he wanted to check some http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis points on paper gold and the whole monetary system (which he said he had spoken to you about before). I gave him your schedule for this afternoon, and he understands it unlikely that you will have time to talk with him today -- but would appreciate a return call when you have a free minute. (He asked about your heighth -- and I told him you were Ox 6'-7" on your identification passes.) He can be reached in Phila. - A.C. 215 -- on Evergreephiig666; or, if that number is busy, on Evergreen 2-7600 (at the/Bulletin) - 1 - Messages for Mr. Volcker 9:15 AM - Congressman Reuss returned your call. Friday, Oct.10,1969 I told her you were attending a staff meeting and would call the Congressman on your return to the office. SHe said he will be available. 9:40 AM - Mr.Petty's office called to say that he had talked with Mr.Cohen about a convenient time to meet with you this afternoon 9 and he and Mr. Cohen will be at 4:30 p.m. this afternoon. ON CAL, 9:55 AM - Drc Wallich wondered whether he might come in to see you sometime this morning. I suggested that he come in at 10:30 am. ON CAL 9:57 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 11:J0 AM - Mr. Jensen, of Metal Market, said he talked to you a week http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis or so ago about your speaking at their Nov. 17th Forum amix in NYC and he said you said you thought you could do it but wanted to check it out. He said you spoke at a similar forum 2 years ago and know what it is like. You accepted the invitation to attend the ABA Economic Symposium in Washington on Nov. 17 and EPC is meeting in Paris Nov 18 and 19. Mr. Jensen's number in NYC is 581-1964 or 581-9500. Messages for Mr. Volcker October 10, 1969 - 2 - 11:55 AM - I talked to Tom Wolfe, who said Mike Jansen is Editor of http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the most widely read American publication on metals of all sorts, including the precious metals, American Metal Market. Mt. Wolfe says he subscribes to and reads this publication and it is a perfectly respectable publication. The publishers of Metal Market sponsor forums from time to time, more often in NYC but they had one in London, and they have had them on silver and gold; Robt. Wallace spoke at one when he was Asst. Secy. and Mr. Wolfe has spoken at one of their forums. They charge a pretty steep admittance fee and anyone can come who pays the fee; they usually attract mainly investors and people from the industry, both producers and users. audience. There is usually not a very large They usually hold them in the Ballroom at the Roosevelt Hotel in New York and they last all day with various people from the industry and banking, etc. as speakers. The main speaker speaks at the luncheon and this is when they would be asking you to speak and they would expect you to subject yourself to questions from the audience and you could expect just about any type of question. a lot of publicity to these forums. They do give Mr. Wolfe cautioned that, if they are asking you to talk about gold and silver, which they probably are, they usually get someone from the South African Embassy to attend, and you could get some Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis embarrassing questions. - 3 - October 10, 1969 On Mr. Jansen's saying that you had spoken to one of their forums a couple of years ago Mr. Wolfe thought he probably had reference to Mr. Wallace's talk and was simply saying that someone from Treasury had spoken. Mr. Wolfe said his feeling would be that, unless you had something you particularly wanted to say to the industry, he would recouffliend that you not take this on. He, himself, doesn't mind talking to their groups because he simply cites the party line and they don't expect him to do much of anything else. In these circumstances, shall I call Mr. Jansen and say you're sorry but you're committed to attend the ABA Economic Symposium in Washington on Nov. 17th and can't speak at their forum? YES NO • Messages for Mr, Volcker - 1 - Thursday, Oct. 9, 1969 9:20 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 11:35 AM - Mr. Widman said this may not be news to you but to pass on to you that the German Cabinet yesterday approved a DM support level of 3.70, which is 7-1/2 percent, NOTE: Mr. Petty told me you might attend the 2:30 NSC mtg. on Latin America today, so I thought I had better find out where it was being held and confirm the time, which I had to do thru Mr. Jurich's office. It is at 2:30 in the Review Group Rm., West Wing, White House. I've alerted Mr. Morrow. I borrowed Mr. Finkel's set of NSC documents relating to this, including the Rockefeller report, in case you might want to take any of them with you or see them. Mr. Hirschtritt is preparing a memo on this for you which should be in shortly. Mr. Jurich thinks you and he should talk a bit about this before the 2:30 meeting. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker October 9, 1969 - 2 - 4:05 PM - Jeff Shepard stopped by to inquire about seeing you. Told him you had been tied up on some urgent matters but he was high on your list. 5763 4:20 PM - Mr. Jurich stopped by and would like you to call him so he can bring you up to date. 5264 5:15 PM - Gene Knorr called from the Hill to tell you that the JET http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Extension Bill passed on a voice vote. He will call you again on his return later this afternoon to Treasury. Messages for Mr. Volcker - 1 - Wednesday, October 8,1969 9:30 AM - Messrs. Geng, Snyder and Cook will be accompanying you to the Fed luncheon today. (Mr. MacLaury is on leave and Mr. Carlock has another engagement.) Shall we ask Mr. Weidenbaum to join you today or Mr. Auten (Margaret M. - 147-201) 3:25 PM - Mr. Carlock called to say that should you be free to see him at all today (he knows you have a 4:00 p.m. meeting), he will be here until 7:30 p.m. However, Miss Hodell has an appointment and needs to leave Treasury at 5:30 p.m. He offered the information since he said he thought you particularly wanted to have Miss Hodell in on this meeting. NOTE: Mr. Shepard, the White House fellow, called this morning to remind that he still would like to see you. I told him you had said you wanted to see him but had been rather pressed for time and k we'd be calling him. 5:25 PM - Mr. Kearns called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 128 - 21131 Messages for Mr. Volcker 9:30 AM - - 1 - Tuesday, October 7, 1969 The meeting with Messrs. Lapin, Hemstreet and Schwartz on FNMA financing has been rescheduled by Mr. MacLaury's office for 3:00 p.m. on Monday, October 13. ON CAL. 12:15 PM - Mr. Bergsten called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 103 - 5026 Messages for Mr. Volcker - 1 - Monday, Oct. 6, 1969 financing 9:30 AM - Mr. MacLaury has arranged a 4:00 p.m./meeting for this afternoon with Chairman Preston Martin of the Federal Home Loan Bank Board in your office. Accompanying Mr. Martin will be Messrs. Bruce Rick and Clark Fauver of his staff. ON CAL, 9:45 AM - Mr. Weatherbee's office called to say that the Secretary has said that he would like to postpone the Fed lunch by Treasury until next Monday, October 13. (Chairman Martin's secretary has been informed.) Mr. Weatherbee's office has been advised that you will have lunch in the Secretary's Dining Room. 9:50 AM - Mr. MacLaury has arranged a financing meeting with Mr. Lapin of FNMA (and Messrs. Hemstreet and Schartz of his staff) for no 11:00 a.m. on Tuesday, October 7, in your office. (ON CAL,) 10:00 AM - Mr. MacLaury has also arranged a meeting of the Treasury at 2:30 p.m0 this afternoon financing group/-- and including Mr. Petty and Jim Smith -briefing for a preliminary/is cussion of the Financing of the ExImBank http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis meeting scheduled in Mr. MacCracken's office paxiikg from 12:30 pm to 2:00 p.m. (lunch included), on Wednesday, Oct. 8. which the Secretary is AiotugioiodK to attend (arranged by Peter Flanigan of the White House). ON CAL Monday, October 6, 1969 - 2 - Messages for Mr. Volcker 10:35 AM - Mr. MacLaury has been informed that you will have to leave the FHLBB Meeting which he has arranged for this afternoon at 4:00 p.m. - about 4:30 p.m. to keep your 4-45 pm dental appointment. Mr. MacLaury said that the meeting can be started in your office and will be continued in his office after 4:30 p.mc 10:45 AM - Mrs. Ullman of the Swiss Embassy called to say that Ambassador http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Schnyder (pronounced (Schneeder) would like to pay a courtesy call, together with the new Counselor for Financial Affairs, Mr. Lempen. I tentative suggested 4:30 p.m c, tomorrow after- noon (October 7), subject to your confirmation. Is it all right to confirm? Mrs. Ullman - HO-2-1811 (Mr. Widman is advised.) - YES / NO _ 3 _ Messages for Mr. Volcker Monday, Oct. 6, 1969 2:20 PM - Assistant Postmaster General Hargrove called. He asked that his call be returned. -- (177-8223) 3:10 PM - The financing meeting with Chairman Preston Martin of the FHLBB and Messrs. Bruck Rick and Clark Fauver of his staff has been rescheduled to 3:00 p.m. on Monday, October 20th. ON CAL. (Arranged by Mr. MacLaury's office.) 3:15 PM - Jeff Shepard, the White House Fellow assigned to Treasury, called and said he saw you at the Secy's reception last week and you said you might find time to see him early this week. He is on Ext. 5763. 3:45 FM - Governor Daane called. He asked that his call be returned. (147-211) 4:40 PM - we'd Mr. Geng would like to see you this afternoon; I said call him when you got back from the dentist. representative of 4:45 PM - Mr. Stith said John Midgley, Washington come along the London E_onomist, called and said he'd like to tomorrow. with Marjorie Dean when she comes to see you at noon NOTE: be back in It develops that Mr. Lapin is in California and won't that it be time for the 11:00 AM mtg. tomorrow and has asked rescheduled for a time when he can participate. at 10:00 AM He could do so on Wednesday; Mt. MacLaury is leaving early Wed. if the 10:00 to drive to New Hampshire and won't be here but said it was AM time on Wed. was agreeable to ;you, he didn't think to go ahead essential for him (MacLaury) to be at the meeting and http://fraser.stlouisfed.org/ Federal w Reserve Bank of St. Louis Messages for Mr. Volcker and reschedule it. - 4 - October 6, 1969 Shall we do so? YES NO 4:55 PM - Mr. Eggers put his head in the door and said to tell you he was going to send you a case of shotgun shells for Christmas! 5:30 PM - Page Nelson called and asked if you'd done anything on the Kinshasha cable yet; he'd like to get it out. 5:35 PM - Mr. M,IcLaury called with reference to the "Contingency Plan" draft that he gave me on Friday to give to you and a said that someone at the White House, perhaps Mr. Cole, a had requested it via Mr. Webster for NSC use. 6:15 PM - Bill Dale called and would like to speak to you on the phone. 181 - 3067 6.30 PM - Mr. Bergsten called and would like a call when you are free. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 103 - 5026 m2ssages for Mr. Volcker - 1 - Friday, Oct. 3, 1969 11:45 AM - Mr. Leo J. Pierre, Representative for United Nations and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Consular Affairs at Chase Manhattan, called to extend an invitation to you and Mrs. Volcker to attend a United States-United Nations Association affair on October 25th (Saturday) which the bank is taking a part in. The evening will start at 6:00 p.m. with a concert at Constitution Hall -- the Philadelphia Orchestra conducted by Eugene Ormandy -- with dinner at 8:30 p.m Washington Hilton. at the This is an annual event, connected with the United Nations, which is held in Washington under the sponsorship of the President. Chase Manhattan will have a table of 10 -- to include Mr. Ekblum, one of the Senior Vice Presidents, and also Ambassador of Morocco and Princess Lalla N,!zha. The affair is Black Tie. Mr. Pieere hoped you and Mrs. Volcker would give him the pleasure of him at joining/the Chase Manhattan table and said he would like to talk with you when you have a free moment. -- On your calendar for Saturday, October 25: 6:00 - 8:00 pm: Mr. and Mrs. Volcker to attend cocktails by General and Mrs. James T. Collins (American Red Cross) at 2720-35th P11, N.W. (Note: The Red Cross dinner by E. Roland Harriman, for new Board Oct. 24 members,takes place on Friday evening/at the 1925 F St.Club; The Red Cross luncheon and mtg. of the Finance Committee or (contd/2 Massages for Mr. Volcker - 2 - Friday , . Oct.3,1969 11:45 AM -(Pierre invitation continued) takes place on Sunday, October 26, with the Board of the Red Cross meeting at 9:30 am BR on Monday, Oct. 27. Shall we accept? regret? Mr. Pierre, A.C. 203-552-4624. 12:08 M - Mr. Snyder stopped by to say that your lunch at the Marco Polo yesterday (Thursday) amounted to $4.25. -- I reimbursed him for this out of petty cash. 4:00 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (pjb) Mrs. Wagner of Robert Nathan's office called to extend an invitation to you and Mrs. Volcker from Mr. and Mrs. Robert Nathan to a buffet reception in honor of the Prince of Afghanistan and also the Minister of Finance, on October 5th, at 6:30 p.m., at the Nathan residence, 7101 Crail Drive, Bethesda, Maryland. (The Queen of Afghanistan is coming to to the United States also, but apparently because of her health will not attend.) ON Your calendar for Sunday, October 5 and Mrs. Volcker you/have been invited to attend a luncheon by Mr. & Mrs. David Rockefeller (for the Ministers of Finance and Governors of Central Banks) at the Rockefeller family estate at Pocantico Hills in Tarrytown, N. Y. Do you wish to accept regret and Mrs. Mr./Nathan's invitation. -- Mrs. Wagner indicated that it was an open invitation-- should you not reff,o9gu thqlgttsnRftlenee NathaA would be delighted to have yo4 (393-490 Messages for Mk. Volcker NOTE: - 1 - October Gov. Daane dictated the following message for you: 1969 "Jack Norman, of the Wall Street Journal, was in the corridor raising the question with me, Donnelley, et al, re whether or not we had had discussions with South Africans. He said the South Africans him had told/g* there had been a discussion Tuesday night involving roughly five from each side without identifying. I told him he could raise the question with you but that our response was no comment and Donnelley dittoed the no comment response. However, Norman said he would be raising the question at the Secy's press conference tomorrow. I asked him if he felt he "had to" and he responded that he had no alternative but to raise the question. for you. Donnelley asked me to be sure and flag this one I had hoped to see you about it but thought, in any case, you might want to be forewarned before you talked with Browne." NOTE: Pearl reported that Secy. Kennedy is cancelling a luncheon on Wednesday, Oct. 8, in order to attend a working luncheon meeting on the Eximbank financing question in McCracken's office at 1:00 that day which will also be attended by Burns, Flanigan and Mayo. They are not expecting you to attend, according to Mary Harris via Pearl. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 1 - Messages for Mr. Volcker Wednesday, October 1, 1969 9:15 AM - Marty Miller called to ask whether he might have 15 minutes with you the early part of next week. October 6c I gave mI, p.m. on Monday, ONCAL. 11:00 am- Miss Bryan of the Washington Office of the London Financial Times http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called to say that Freddy Fisher, Assistant Editor of the London Financial Times, is attending the Bank/Fund Meetings and will be staying on in Washington through Wednesday of !text week (week of October 6). He has extended a luncheon invitation to you for Tuesday or Wednesday (October 6 or 7); or, if you are not free for lunch, he hoped he might have an hour with you otherwisec (Miss Bryan offered the information that there was nothing specifh he had in mind; that he had spoken with you before and would like to see you again.) According to your schedule, you may be attending the Boston Fed Conference in New Hampshire starting Wednesday, October 8. Do you wish to see Mr. Fisher? NO YES If yes, you are free for lunch on Tuesday, October 7? NOTE: You are seeing two newspaper people on Tuesday: Marjorie Dean, Financial Editor of the London Economist at 12:00 IS and Lee Malkin, the new Times man at Treasury, at 3:00 p.m. -- both on a background basis. Shall we arrange an appointment for Mr. Fisher with you on either Monday free to see him? or Tuesday Miss Bryan: 347-4920, at a time when you are - 2 - Messages for Mr. Volcker Wednesday, October 1,1969 12:15 pm - The Secretary to Dr, Daniellian (President of the International Economic Policy Association) called for him to say that he has returned from his trip to Europe where he had spoken with Finance Ministers, heads of banks, etc0 and would like to come in to see you to give you a sort of a run-down of his conversations with the people he had talked with. She said that any time at all that is convenient with you would be fine with Dr. Daniellian. YES Do you wish to see Dr. Daniellian? NO (Jean Atchison - 783-2787) 1:45 pm - Glenn Johnson stopped by to say hello. 5:20 pm - Peter Flanigan (Assistant to the President) has set up a meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis at 9:00 a.m. on Friday, October 3, on Financing of the ExImBank Attending will be Mr.McCracken, Mr. Burns and Sam Hughes for Mr. Mayo who is away. Mr. Flanigan's secretary said she under- stood Mr. MacLaury was the top ranking man in the Treasury on Friday who could attend for the Secretary. I spoke with Mr. MacLaury, who said he had gotten word of this meeting and was planning on attending; he was conferring with Mr. Petty tomorrow (Thursday) on the subject. - 3 - Messages for Mr. Volcker Wednesday, Oct.1,1969 6:00 PM -Peter Flanigan's office called again to say that Mr. Flanigan had http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis decided to move the Financing of the ExImBank meeting which he had originall7set for 9:00 a.m. on Friday, October 3rd to Wednesday, October 8th, and his Ekta secretary was checking to see if you would be available at 9:00 a.m0 to attend this meeting. (She had determined from the Secretary's Office that the Secretary is available at 11:00 a.m0 that morning.) I told her that you may be attending a Conference in New Hampshire which would convene the evening of Wednesday, October 8th; but that I thought you would be free to attend the meeting at 9:00 a.m, if should it be set for then. However, I told her I would confirm this when you had been consulted. (145-2136), --I have informed Mr. MacLaury of this change, NOTE: With regard to the guest speaker for Professor Dunn, Mr. MacLaury had suggested that he get in touch with Tom Waage at the NYFed. Since Mr. Waage is presently in Europe, Richard Hoenig,Manager of Public Information at the Fed has been given the background and Professor Dunn will be in touch with him. Messages for Mr. Volcker - 1 - 9:15 AM - Peter Flanigan's office called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Thursday, Oct. 2,1969 The rescheduling of the Financing of the ExImBank from Friday a.m. to Wednesday, 0ct08, aem. has fallen through since all the principals will not be available then. Since the Secretary will be away from Washington from the afternoon of Wednesday, Oct.8to Monday, Oct. 13, they are checking on your availability on Thursday, October 9the NOTE: I have given them your message that you may be out of town on the 9th & 10th; but will be available on Oct. 6, 7 or 8. She now feels that they may explore the availability of the principals for a meeting on Saturday, Oct. 11th. - 1 - Messages for Mr. Volcker NOTE: September 30, 1969 Mr. Dixon has arranged the 8:00 AM breakfast for tomorrow morning for six people and ordered honeydew melon, scrambled The hotel people eggs, bacon, sausage, toast and lots of coffie will let us know later the name or number of the private room they are assigning for this. Mr. Dixon warned that the waiter won't be cleared and they have to have a waiter for 6 people but they will ask him to make himself scarce. I checked with Page Nelson as to who the people to attend the breakfast would - be and he said you, Daane, Dale, and Nelson had been the primary group, with MacLaury a fairly active member, but that Gov. Daane might want to bring Bob Solomon, but, if not, and you are willing to have 6 people, Mr. Willis might be a possibility. I asked about Mr. Petty and he said Mr. Petty hadn't been active on this subject. In addition to the first four, do Ei you want me to invite: Mr. MacLaury Mr. Solomon (or wait until Daane raises the question?) Mr. Willis 12:J0 M - Mr. MacLaury said when you get a chance you might call him; http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the domestic markets -- the bond market -- are under pressure a and Mr. MacLaury and Carlock have authorized/$50 million support order, having already spent about $75 million over the last three days. Messages for Mr. Volcker NOTE: - 2 - September 30, 1969 Witteveen will be coming by himself at 3:00 today. Sk Gov. Wormser will not be at the lunch with Giscard tomorrow. 12:20 PM - Mr. Johnson, of the OECD office at State, called to invite you to a luncheon Mr. Samuels is hosting for van Lennep as the new Secy. Gen. of OECD at 1:00 PM on Friday -- place yet to be determined -- they're trying to get Decatur House. Your cal. is clear for lunch on Friday. ACCEPT 101 - 20729 L// REGRET NOTE: Mr. Dale has asked Mr. Dixon to arrange for a dinner in a private (,,Iroom at the Sheraton Park for 8:30 tonight for 7 to 10 people. — ,. 0 There are four from S. A. - Browne, de Jongh, de Kock and Stahl and assume you would not want more than 3 or 4 from US, presumably yourself, Daane, Nelson, and Dale. Dale has planned to attend the McNamara-Schweitzer dinner tonight but is prepared to excuse himself from that and attend the working dinner if you feel he should. However, he probably should do something about this Eefore too long and would appreciate knowing what you wish. 4:45 PM - Mr. MacLaury called and said he attended the Eximbank mtg. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis at Budget this afternoon and Mr. Mann is pressing him to confirm his statement that the Treasury would not object to having the XM out of the ;budget and we cannot agree to have it finally in the budget now. Mr. Mann is pressing MacLaury as to whether he is talking for the Secy. and Mr. MacLaury Messages for Mr. Volcker - 3 - i September 30, 1969 would like to tell Mr. Mann that the Secretary has not yet concluded that Exim must stay in the budget. 4:55 PM - Rose said Mr. Knorr called and said the Senate had adjourned for the day. 5:05 PM - Mr. Houthakker's secy. called to ask if a Volcker Group http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis meeting had been set up yet and I said no. She said the understood there might be a breakfast meeting in the morning. I reiterated that no Volcker Group meeting had been scheduled to my knowledge. - 2 - Messages for Mr.Volcker 5:00 PM - September 29, 1969 we have, in the Mr, McCamey called and said,"as of now, ts to see the cases below, reserved times for appointmen the country Secy. but have received no requests from concerned for such an appointment. Do you wish us to take the initiative and propose a meeting? -- Blessing Tuesday, Sept. 30 - 3:00 PM - Germans YES NO Thursday, Oct, 2 - 3:00 PM - van Lennep, OECD YES NO Friday, October 3 - 3:00 PM - Dutch YES NO him youwere working on 6:00 PM - Mr. Knorr called and, when I told http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis report to you-Secy's speech, said he really just wanted to had probably he had talked to Secy. a bit ago and the Secy. d to ask your discussed his call with you -- mainly he wante to remove the reaction to this is idea -- if it is possible ent on whether Bennett amendment, he would like your judgm to get the we can't remove every other amendment and try form as the IET bill passed by the Senate in exactly the same bill. House and add the amendments on to some other He later. be reach at hornet said he would be at X 2217 for a while & could Massages for Mr. Volcker - 1 - Saturday, Sept. 27, 1969 9:20 AM - Mr. Willis called and asked that you be given the following http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis message: "Last night you cited the August trade figures as indicating a trade surplus of about$2-1/2 billion. This is based on the crude aensus figures, which are not used in the balance of payments data. I believe the census figures include shipments of military endfigures under the Military Assistance Programs, which are not counted in the balance of payments at all. The crude figures show a small improvement in the trade balance in recent months, but it is not large." Messages for Mr. Volcker - 2 - 10:30 AM - Robert McNamara called. His secretary conveyed the message http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Saturday, Sept. 27, 1969 to him that you were attending a meeting at the State Dept. may He didn't want to disturb you there, but said he wtti/call again just before 1:00 p.m. NOTE: September 25, 1969 - 1 - Messages for Mr. Volcker Mr. Weatherbee's office said the cook is sick and Secy's Dining Room will be closed today. Fran, in Weatherbee's office, said she talked to the cook this morning, who said she w could not possibly come in at all this week, so the cook definitely won't be here tomorrow. This means the dining room is available for your use if you'd like to have Leonard Dixon arrange a catered lunch there. Would you like to do this? Weatherbee's office would like to know if you want to do this or not as soon as possible. NOTE: I don't know if you have caught up with it or not, but the President has preempted Secy.'s reservation of Camp David for the Fukuda visit and Widman and Dixon have been searching for annther place -- I believe they are going to propose to Secyo using some place called Fairfield Farms, somewhere in A Va. 11:30 AM - Mr. Dale called and said Schleiminger has just told him http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that Schoellhorn will not be arriving tomorrow. There is going to be a Cabinet meeting in Germany, presently scheduled for tomorrow but it may be delayed until Monday. Schleiminger pointed out that Hankel is presently scheduled to arrive on Sunday night, in case you wanted to talk with Hankel. Otherwise, Schoellhorn will arrive sometime by Wednesday, anyway. It is definite there is no chance now of Schiller coming. I have passed this word along to McCamey, who will alert anyone else who should know. Messages for Mr. Volcker - 2 - September 25, 1969 11:25 AM - Mr. Mann called and would like you to call him. I tried to steer him to someone else but he says he has to talk to you. NOTE: 103 - 3680 Gov. Daane's secy. called and said they have reserved the Blue Rm. at the Fed, for lunch with So. Africans tomorrow, in case we need to use it. I promised to let k her know what was decided so she can release it if we don't need to use it. 12:50 PM - Mr. Willis' office said the VG principals mtg. has been changed from 4:30 to 5:00 to allow Trezise to attend and they've added an item on the agenda: So. African gold. Also, Mr. Willis is having someone prepare some notes for you for the meeting of US del. to Bank-Fund at 3:00 tomorrow. 12:55 PM - Mr. MacLaury stopped by and said he doubted you'd want to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis go up to the hearings but wanted to let you know that they have to go back up before the Ways and Means at 2:00 this afternoon. He said Secy. had been told the hearing would be short, sweet, and easy, but they were up there 2 hours this morning and Vanik is apparently the villain but there is a fellow named Burke from Mass. who is insisting that the ceiling not be removed but be set at 5% -- that is the key problem and it may be that we will have to accept the 57, ceiling. I told Mr. MacLaury I doubted you'd want to go to the Hill because I thought you wanted to work ahead full steam on Secy's speech. Messages for Mr. Volcker 3:30 pm - Mr, Maude called° - 3 - Thursday, Sept025,1969 He asked that his call be returned -- at the British Embager- H0.2-1340 NOTE: Mr. Dixon reported that everything is set for your lunch for 8 at 1:00 PM tomorrow in Secy's Dining Room. cater: Braun's will Menu -- turtle soup, a nice steak, 2 vegetables, Bibb lettuce & dressing, Lemon mousse, coffee, tea, sherry before the meal and a red wine with the meal. NOTE: The Embassy of Lebanon called to invite you and Mrs. Volcker to an informal dinner the AMbassador and his wife are giving for the Lebanese delegates to the Bank-Fund meeting - at 8:15 PM on Wed., October 1st. I expressed your appreciation and regrets that you had a previous dinner engagement that evening (the Canadian dinner). NOTE: The office of Protocol at the Inter-American Bank called to invite you to a stag dinner on Sunday, Sept. 28, that Mr. Herrera is giving in honor of the Latin-American Goys, heading delegations to Bank-Fund mtg. I expressed your appreciation & regrets, explaining you had a previous dinner commitment for that evening. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I checked and found that you, Chrm. Martin, and Jim Smith, Administrator of the Farm Home Administration, are the three witnesses scheduled to testify at 10:00 AM tomorrow on mortgage credit. Y The Chrm. will decide in the morning whether to have you testify one by one or put you on as a panel; the Messages for Mr Volcker - 3 - lamp Committee Staff simply listed September 25, 1969 you in the order in which they called you to testify -- Volcker, Martin, Smith. Mr. Weidenbaum said that Tom Wolfe and Mr. Cavanaugh are on standby to accompany you to the hearing if you wish to have them and whoever accompanies you will carry the 100 or so copies up that the Cmte. requested. Iola is retyping your testiffiony now and will get a copy to you as soon as completed. 6:35 PM - Mr. Nelson would like a word with you, in person or on the phone, when meeting breaks up. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mary Harris called today and said the Cabinet Mtg. for next Thurs. has been cancelled so there is no problem. Messages for Mr. Volcker - 1 - September 24, 1969 9:35 AM - Mr. Donnelley stopped by and said you had been looking for him. NOTE: Mr. Dale said Mr. Schweitzer was tied up until 3:00 today so he suggested we head for 5:00 PM and, if you finishRA with the So. Africans sooner, we can check with Mr. Dale by phone to see if it is okay to come over earlier -- or if you finish later, we are to call Mr. Dale and let him know when you're on your way. I am assuming Mr. Dale will join you in seeing Sahweitzer and that you won't want anyone else from Treasury to accompany you. 9:40 AM - Mr. Widman called and said he has to attend a meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis this morning with the Japanese in preparation for the Fukuda visit and may have to be late to the WP-3 delegation meeting but will try to ask Mr. Petty to attend. Mr. Widman eaid to pass on to you one personal observation -- that he detects an effort by State, and Specifically by Trezise, to take control of the WP-3 agenda by pressing much more vigorously for positive initiatives on the surplus countries and trying to do this by having the Executive Committee give orders to the Working Party and by a series of instructions Messages for Mr. Volcker - 2 - September 24, 1969 to our Mission in Paris on the planning of WP-3 agendas. Mr. Widman would warn you against this. you say "no" to this. He would suggest This is, in essence, a vote of no confidence in an effort to say that the Treasury has not done its job in WP-3 and take the lead away, and Mr. Widman thinks you ought to sit km on this hard right at the beginning. He said they may make an effort on this this morning -- sort of a nose under the camel's tent business -- to put pressure on the ;surplus countries -- but it should be left to you to work out the tactics in WP-3. 10:50 AM - Mr. Wallich called and would like to see you or talk to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you on the phone. He'll be leaving around 6:45 PM to fly back home and can be reached at his office there tomorrow if you don't get to him today. a tight schedule you have today. H I told him what He said he was anxious to see a copy of the 3ecy's Bank-Fund speech. I told him it wasn't written yet -- that you were working personally on it. He asked when it would be limit finished and I said I thought that depended on how much time you could find to devote to it. 5881 Messages for Mr, Volcker - 3 - Wednesday, Sept. 24, 1969 9:30 AM - Margaret Muihaus extended the invitation Board today. to lunch at the Fed The Chairman has another luncheon engagement, but Gov. Daane will host. Is it all right to accept ? YES NO Accompanying you will be Messrs. MacLaury, Snyder and Carlock. Shall we invite Mr. Geng? or Mr. Weidenbaum? to complete the group of five. (147-201) 9.35 AM - Mr, Weatherbee's office has advised that the Secretar y's Dining Room is closed. 10:30 AM - Mr. Webster said to tell you the President is not doing anything in connection with the Bank-Fund R meetings. 10:50 AM - Mr, Donnelley stopped by and said to tell you the President is not going to speak at the Bank-Fund meetings and therefore a speech will not be needed. (I told him Mr. Willis had already done a first draft -- attached.) 10:40 AM - Prof. Machlup called to ask about your schedule for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Princeton and I told him I had given you the options on travel schedules and that you had to testify on the Hill on Thursday morning and that you hadn't given me any decision yet but it just seemed to me that it was going to be very difficult if not impossible for ;you to get to Princeton. I said I knew you would want to talk to Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - September 24, 1969 him yourself if you did find it impossible to get to Princeton. He said it would embarrass him very much if you did not come, especially because Dr Emminger, who set the date for the meeting, is now not going to attend, and he has had a call from Gov. Daane saying he has a backache and can't get there. He said the people who do attend are going to feel cheated if no one from the U. S. attends and he wondered, if you can't come yourself, whether you can send someone. I told him you hadn't really made a decision on this yet and I was simply giving him my analysis of the situation but said I would pass his comments on to you. He can be reached at his office in Princeton - AC 609 452-4049. 5 Messages for Mr. Volcker September 24, 1969 12:15 PM - Fred Bergsten called and would like you to call him. 103 - 5026 12:16 PM - Dr. Wallich is back and cam come to see you. 2801 12:20 PM - Mr. Dale called and said he and Mr. Schleiminger have agreed that you and Schoellhorn will meet at the Sheraton Park, where Schoellhorn will be staying, at 7:30 on Friday, on the assumption that this will allow him time enough to get in from the airport -- he at 5:45 PM on an Air France flight. due in Dulles Mr. Schoellhorn will have had dinner on the plane and, since it will be the wee small hours of the morning for him German time, the understanding was that you would just talk. Mr. Dale has since had the thought that you might want to have Mr. Schoellhorn at your house, since you live so nearby, but he said it is all very flexible. 3:45 PM - Dixon Donnelley called. He asked that his call be returned. (5252) 4:40 pm - Fred Bergsten called. Since you were not free to talk with him, he said he would get in touch with Mr. MacLaury. 5:50 PM -Mr. MacLaury said the Secy. is now scheduled to appear before http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Ways and Means on Savings Bonds at 10:00 AM tomorrow. Messages for Mr. Volcker - 6 - September 24, 1969 6:00 PM - Mr. Stith says he talked to Mr. Donnelley, who strongly http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis recommends that you speak on the record tomorrow but with no text. Mr. Donnelley says you will be much less likely to be misquoted if you talk on the record than if you are talking off the record and the reporters have to write around wa what you actually said. Mr. Stith said this is done all the time -- speaking on the record with no text. Another possibility they thought of was for you to beg off speaking at all or beg off and send someone else (MacLaury?) Ways & Means Cmte. on the basis that the/±aka today shifted the date of their hearing at which Secy. is to testify on the Savings Bonds interest rate to 10:00 AM tomorrow and the Secy. felt it was important for you to accompany him. As I get it from Jim Smith's office, the Ways & Means thought they might fitiePortr5 it)KwAll finish up some testimony on theAuser tax and have the Secy. testify today but they decided today they couldn't finish up in time and have scheduled the Secy. on Savings Bonds for 10:00 tomorrow. Another possible excuse they thought of (but Mr. Stith didn't think you'd buy it) was the Secy. was scheduled to talk to a Young President's group (sort of like a young Chamber of Commerce) in Washington tomorrow morning and obviously can't do it because he has to testify. You could Messages for Mr. Volcker - 7 - September 24, 1969 beg off on Model Roland on basis you had to substitute as speaker for the Secy. NOTE: to Mr. Nelson said you agreed tkn lunch with the South Africans at 1:00 on Friday (presumably the same group that met today) and said you would try to get Secy's Dining Room and Mr. %Mlr e'd Fed, facilities if you couldn't get Secy's Dining Room. He said I might check to see what the situation was with the Dining Rm. Rose said Secy. doesn't have any lunch plans for Friday, and Dr. Walker is catching a 1:00 PM plane from Dulles for Honolulu on Friday. Rose said they could probably arrange to get the Secy. a tray if you want to ask him if you may use the Dining Room for a second session with the South Africa ns. Would you want me to ask Rose to ask the Secy. about this in the morning or would you prefer to ask him yourself. Incidentally, Mr. Nelson said some question came up at the 3:00 o'clock meeting yesterday whether any session had been arranged between Secy. & Deiderichs and you said no. Mr. Nelson said he just got word today from Mary Harris that the Secy. was dining at the South African Embassy with Deiderichs this coming Friday and would need a briefing paper. 6:25 PM - Mr. Bergsten called and would like you to call him. http://fraser.stlouisfed.org/ fr Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1 - September 23, 1969 10:15 AM - Mr. Maude's secy. called to say that Sir Maurice Parsons will be in Washington and has an appointment to see the Secy. at 4:00 PM on Wednesday, Oct. 22, and she wondered if he might see you before or after; she seemed to think before might be better so we set it at 3:30 for him to Mr. Escoubbe advised. see you. NOTE: There is a closed luncheon today in Secy's dining room and you are not included. 2:35 PM - The Office of Intl. Monetary Affairs at State called to let us know who would be coming to your 3:00 o'clock meeting It will be Lawrence Dash, Financial Economist. from State. 2:55 PM - Margaret in Chrm, Martin's office called and said Gov. Daane will be the one from Fed. to attend your 3:00 o'clock mtg. tomorrow. She also said you had mentioned something to the Chairman about possibly getting together with him early tomorrow morning. She didn't know whether she was supposed to do something or wait to hear from us. I told her you were having a 3:00 o'clock mtg. today on the matter and I thought you would know after that mtg. whether or not there was anything you needed to talk to the Chrm, about. 2:58 PM - Bill Simon of Salomon Bros. called and said to leave word http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he'd called. Hanover 2-8700 Messages for Mr. Volcker - 2 - September 23, 1969 3:30 PM - Rose said Secy. is seeing Dr. Aschinger at 10:30 AM tomorr ow; Aschinger is seeing you amsixi at 10:00 and Rose suggested perhaps you'd like to bring him down to the Secy's office. On cal. 3:35 PM - Mr. Stith said he talked to the British and they would prefer not to put out any statement to the press but to treat the Chancellor's visit as a routine courtesy visit in of the sort that occurs every year before a or during Bank-Fund week. Mr. Stith talked to Mr. Donnelley and he agrees with the British that it would be better not to put anything out, especially since the Secy. and you and Mr. Petty will be having a lot of bilaterals during Bank-Fund week and before and after and, if we put out a statement about one, then it seems as thought we should not slight the others. NOTE: Do you want either Mr. Nelson or Mr. Dale, or both, to attend the meeting with South Africans tomorrow? There are 3 South Africans and only you and Gov. Daane so far on the U. S. side. 4:15 PM - Mary Harris called and said there is going to be a Cabinet http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis meeting at 10:00 AM on Thurs., Oct. 2, and the Secy. would like to have you sit in the Governor's chair for him, which Mary said was from 10:00 to 12:00. I didn't say anything to Mary but the Wed. and Thurs. meetings are normally the less important days and the time when the lesser countries do their speaking. Occasionally, when one of the more important A Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - September 23, 1969 Governors can't get to the meeting until late, he may speak on Thursday, when the Fund Board meets alone. In past years, we've used Wed. and Thurs. mornings for the most part for bilaterals for the incumbent of your office and this was what I was counting on this year. Mr. Widman has already offered Carli 9:30 AM on Thursday for a session on the Eximbank problems but there is nothing else yet even tentatively on Thursday morning. The Fund Board is tentatively scheduled to start meeting at 9:30. I asked Mr. Widman's secy. to alert him to the Thurs. Cabinet mtg., etc., and talked to Hal Reynolds, who is in charge here in Treasury of Bank-Fund arrangements, and he confirmed my understanding about the lesser importance of the Wed. and Thurs, sessions and also confirmed that, while we try to have a Temporary Alternate Governor in the US Gov's chair, it often works out that only a Technical Advisor is in the chair but we always keep someone there to alert us in case something important develops. Therefore, I really don't think you will have to worry about covering the Thursday morning session for the Secy. -- I suspect this was Mary's idea. If necessary, Mr. Petty and Mr. Dale are Alternate Govs. and can cover. In case you're interested, the latest tentative schedules for the week are attached. Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - September 23, 1969 I asked Mr. Nisensen when Schoellhorn was getting to Washington and he said he was due to arrive at Dulles at 5:45 PM on Friday on an Air France flight. Hankel will be on the same flight. Mr. Nisensen said he'd be calling Bonn tomorrow morning in case you want him to convey any invitation to Schoellhorn. We might have a hard time getting hold of Schoellhorn if we wait until much later. Messages for Mr. Volcker Monday, Sept. 22, 1969 -1- 10:40 A.M. - Mrs. Martin from Federal Home Loan Bank Board called to invite you to a swearing-in-ceremony today at 4:30 with reception following at 5. This is for Dr. R. Bruce Ricks and Eric Stattin. Shall be held at Federal Home Loan Board Building, 101 Indiana Avenue, Room 831. NOTE: Mr. Escoube said that John Kirbyshire will be in the U. S. on his annual visit in October and would like to see you as well as a number of others. We've scheduled him to see you at 10:00 AM on Thurs., Oct. 16. NOTE: On cal. Gov. Daane called and would like to have a word with you, which he understands won't be possible until tomorrow morning. He said once before, when Mr. Deming was here and there was a joint Treasury=Fed dinner for the WP-3 - Deputies group, Mr. Roosa, as the #xfixRtxRxitx first Chrm. of the Deputies, was invited to that dinner. Gov. Daane would like to propose that Mr. Roosa be invited to the similar dinner this year. 11:00 AM - Jeff Shepard, the new White House Fellow, said you indicated you might have some time to see him soon. He's on Ext. 5763. 2:30 PM - Fred Flott, Spec. Asst. to Mr. Samuels, called to say that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis an English writer, Miss Hella Pick, who covers the European financial institutions in Western Europe for the Manchester Guardian, will be here for the Bank-Fund meetings, Mr. Samuels, Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - September 22, 1969 is seeing her and she would like very much to see you. Mr. Flott said she is a very reliable serious professional MIX writer in the economic area and they recommend that you see her if you possibly can, as she is one of the better and more reliable and important financial writers. Miss Pick called herself a bit later and I explained your time problem and asked how long she would be here. She said she might stay on after the Bank-Fund meetings but it may be that she will have to go back right biter the meetings and, RH in any event, she hoped to see you on a background basis before the meetings so that she can do a more intelligent job of covering them. She said she was making her headquarters at the Foreign Correspondents Center that the USIS has set up d and, cEven when she isn't there, there will be someone who can take a message for her. 632-5315. Is it possible that Mr. MacLaury could see her And you offer to see her for you on a background basis? afterward if she stays on? YES NO Or do you want to see her yourself? Before Bank-Fund mtgs.? YES NO Messages for Mr. Volcker - 3 - September 22, 1969 5:30 PM - Mr. de Kock called and said he just wanted to confirm http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the 3:00 o'clock appointment on Wednesday (I confirmed) and to let you know that his authorities are arriving in Washington late tomorrow (Tues.) night. He asked if Chairman Martin were planning to attend the Wednesday meeting and, when I said I didn't have it on the calendar but would raise the question with you in the morning, said this was not his suggestion but that you had said you thought it would be desirable to have Chrm. Martin attend. Mr. deKock also said that, if you wanted to see him at all tomorrow to give kimxaxxRpxaR)Imaipoxtxtoxkimxx any reply to him to their previous written memorandum which he could hand to his authorities, that would be fine and he would be available and at your disposal at any time at all tomorrow. He said his authorities would be arriving late tomorrow night and would be pretty tired but he was sure they would want to know on Wednesday morning anything that he (de Kock) could tell them. I told Mr. de Kock that I would convoy all of this to you first thing in the morning. I told Mr. Nelson about the call and he wonders if you would like to have him attend the Wednesday meeting -- he is interested and would like to attend if you think it would be all right. He - 4 - Messages for Mr. Volcker September 22 , 1969 said you probably might want to have either him or Mr. Dale, or both, and have someone (either he or Dale) make or resume a record/of the conversation. Mr. Nelson attend Mr. Dale attend Both attend There will be 3 on the South African side - de Jong, Browne, and de Kock. 7:00 PM - Mr. Schaffner phoned from his home and said to tell you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis it was just announced on TV that the President tomorrow will make a decision with respect to authorizing the use of some $90 million of carry-over appropriations for construction of an SST prototype. Mr. Schaffner said if the Treasury has not expressed itself, this would be the time to do so 9:00 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Wednesday, Sept.17,1969 - 1 - Messages for Mr. Volcker ng Trust, is here Henry W. Emmit, of the Paris branch of Irvi on of Evan Galbraith in Washington and calling at the suggesti here in Treasuryd about the possibility of filling a position be in today, and, if He is staying at the Hay Adams, and will necessary, tomorrow. He asked whether he might come in to see of Tuesday, Sept. you. -- Evan Galbraith's telephone message 16, concerning Mr. Emmet, is attached. was completely I explained to Mr. Emmet that your schedule time from about filled today, except for some possible free a crowded calendar 4:45 pm to 6:00 p.m.; also that you had on Thursday. Cmte. On Thursday, you are attending the Finance of the National Gallery of Art at 9:30 a.m. to last an hour. Possible free time: This is expected 11:00 a.m. to 11:30 a.m. of the National You are scheduled to attend the board meeting from 12:00 noon. Do you wish to see Mr. Emmett? YES NO Petty? Shall we suggest to him that he talk with Mr. YES NO OTHER fit him in sometime If you do want to see Mr. Emmett, shall we late this afternoon? ; on Thursday? Ext. 502. (Mr. Emmet - Hay Adams Hotel - 638 - 2260, September 16, 1969 Message for Mt. Volcker ing and said he had Mr. Evan Galbraith called this morn Summer about various talked with you last Spring and early ed him to fill. possible positions you might have want In the ed about the need for some course of the discussions, you talk people on the international side. Mr. Galbraith said he knows Henry Emmett, who is in of a Vice President of Irving Trust, s in Paris who happens to charge of their Paris branch and live Mr. Galbraith thinks, be be in Washington just now and would, interested in some suitable position. Mr. Emmett is part French 42, and has been in the but an American citizen, about 41 or banking business for 15 years or so. Mr. Emmett does not get Galbraith thought, while he back to the States too often and Mr. have someone talk to him. is in Washington, you might want to up to your ears, as was I told Mr. Galbraith that you were appropriate to talk to just about everyone else who might be tt would be in Washington. Mr. Emmett and asked how long Mr. Emme -- that Emmett was staying at Mr. Galbraith said he didn't know have Mr. Emmett phone me and the Hay Adams. I suggested that he ed out. Mr. Galbraith said said I would see what could be work Republican Party in he thought Mr. Emmett was Chairman of the raphical data on Paris and the White House might have some biog him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - MESSAges for Mr. Volcker 9:05 AM - Richard Urfer of returned. Commerce called. Wednesday, Sept.17,1969 He asked that his call be (189-3853) say that the Secretary is hosting 9:20 AM - Mr. Petty's office called to g Room at 1:00 p.m. a closed luncheon in the Secretary's Dinin invited: on Tuesday, September 23rd, to which he has Rice, Nat Samuels, Messrs. McNamara, Hirschtritt, Emmett review issues of Hanna (AID) and Mr.Petty -- to discuss and are invited to the Bank/Fund meetings -- and tm which you attend. Your calendar is clear. ON CAL. to extend an invitation to you 9:45 AM - Mr. Weatherbee's office called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis s as the new to attend the swearing-in of Mary T. Brook day, Sspt. 18, Director of the Mint -- at 12-00 noon on Thurs in Room 4121. ON CAL. Messages for Mr. Volcker - 3 - Wednesday, Sest. 17 196 2:05 PM - Mrs. Letiecq of the Commercial Office of the Spanish Embassy called to extend the invitation to you by the Spanish Ambassador, Marquis de Merry del Zal, for a stag dinner at Wednesday, 8:30 p.m. on/October 1st -- Black Tie -- at the Ambassador's residence, 2kifit 2801 - 16th St., N.W., in honor of the Spanish Minister of Commerce and Finance, Garcia Monco Espinosa. On your calendar for Wednesday: 6:00 p.m. - U.S. Treasury reception for Bank/Fund participants. 8:00 p.m. - Mr. Volcker to attend stag, black tie cocktails and dinner by the Canadian Ambassador for Leslie Pearson and members of the Corn, on Intl.Develop. Is it all right to regret the invitation by the Spanish Ambassador? YES NO (Mrs. Letiecq - CO. 5-8500) 3:00 PM - Mr. Petty's secretary has advised that he is seeing Rxmlk http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Henry Emmett of Paris branch of the Irving Trust (referred by Evan Galbraith) at 3:15 p.m. this afternoon. Messages for Mr. Volcker NOTE: - 4 - September 17, 1969 Mr. Boteler called to say that Mrs. Kennedy is having the Cabinet wives to visit the Treasury and have lunch in Secy's dining room tomorrow and has asked that transportation be provided for the ladies. He said they'd like to use the best looking cars available for this purpose and wondered if they might use your car between 12:00 and 1:00 tomorrow. I told him you had a meeting at the Natl. Gallery of Art at 12:J0 and a lunch outside somewhere but we didn't know the place and asked if they would give you a substitute car -- he said they would. I told him I was sure in that case you wouldn't mind. OK? YES NO NOTE: Mr. McCamey called this morning and said Mr. Widman thought it would be useful to have a delegation mtg. in preparation for WP-3 sometime the early part of next week. After reviewing your schedule and after Mr. McCamey consulted with Mr. Widman, it was decided to try for 11:00 AM on Wednesday, Sept. 24. Mr. McCamey is going to call around and see if this time is all right for everyone. NO1E: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On cal. When I was talking with Gene Birnbaum about how long you'd need to be in NY for the luncheon talk on Friday, he said to tell you that he is going to be joining Chase as Vice President for Intl. Monetary Affairs sometime before the Bank-Fund meetings. This hasn't been announced yet because he still has to make some talks for his prefent firm but he expects it to be announced soon and just wanted you to know it was in the offing. Messages for Mr. Volcker NOTE: September 17, 1969 - 5 - When I was talking to Mr. Bernstein about plans and timeing of your talk at the Model Roland meeting next week, he said to tell you they will have newsmen present but he has or will talk to all of them and tell them that your remarks are off the record. He mentioned that Bart Rowen and Ed Dale would be present, plus someone tit from Business Week and some others. The starting time of the meeting has been changed from 9:30 to 10:00 AM and you will be the first speaker. I'm doing a separate sheet on proposed travel schedule, etc. 2 30 PM - Lloyd Clarke, who is on FNMA Board, was in the Bldg. to see the Secy. with a group of people and asked Cheri to check and see if he might stop by and say hello to you. I explained you were tied up with financing and wouldn't be free until sometime later in the afternoon. He sent down his card with handwritten note on back (attached). 3:30 PM - Mr. Schaffner called and said he thought Mr. Petty and he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ought to have 20 or 30 minutes with you before the Volcker gxxnm Group mtg. tomorrow at 3:00. I suggested 5:00 today but he said he and Mr. Petty had to go up on the Hill on the JET at 4:00 today and might not be back He wondered if they might see you at 8:30 in the morning (since you're going to Natl. Gallery for 9:30 Finance Cmte meeting). check and see if this was all right with you. YES NO OK? I said I'd Messages for Mr. Volcker September 17, 1969 - 6 - 3:50 PM - Bob Ortner phoned and said he w had been down to see you before and planned to be here Sept. 28, 29, and 30 and wondered if he might see you on one of those days. I explained your tight schedule and he said he understood and would try again another time and to give you his regards. 4:40 PM - Govc Daane called. He asked that his call be returned at the office, should you be free before 5:00 p m. (147-211) - or at home after 5:00 pm. Home phone: 5:10 PM - Mrs. Volcker said she had two invitations that need to be http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis checked out with you: (1) The Folgers have invited you and Mrs. Volcker to dinner on the evening of Saturday, Oct. 4, at the F Street Club. She said Mrs. Folger issued the invitation over the fence and said it was a dinner they traditionally give at the close of the Bank-Fund meetings. I have checked around and no one who has handled Bank-Fund meetings for years has ever heard of the "traditional Folger dinner." Therefore, you will have to decide on a "neighborly basis." Mrs. Volcker said she left it very vague as to whether or not you had anything else on that evening. wish to: ACCEPT REGRET HOLD OFF FOR A WHILE (Cal. presently clear) Do you - 7 - Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (2) September 17, 1969 The Ralph Young's have invited you and Mrs. Volcker to lunch at their house at 1:00 PM on Sunday, Oct. 19, for Maurice Parsons of the Bank of England. Your cal. is clear. YES NO OK to accept? - 1 - Messages for Mr. Volcker 8:50 AM - Mr. S,thweitzer called. Tuesday, Sept.16,1969 He asked that his call be returned. (181 - 3057) you faced the 8:57 AM - Mr. MacLaury said he needed to see you before IBA Committee at 10:00 AM. to call him. 10:30 AM - Mr. Urfer called and would like you I asked be very much his secy. to warn him that you were going to didn't know tied up today and tomorrow with financing and I matters. when you were going to be able to focus on other 189 - 3853 (She mentioned he was also trying to reach Mr. Petty, who is also very much tied up.) Secy. about the 10:40 AM - Rose called and said they had asked the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis has now Natl. Gallery meetings on Thursday and the Secy. meetings decided to have you represent him at the Gallery in the future. Rose said the Secy, would send a letter you. to the Gallery saying hew was delegating this to Mr. In the meantime, because of possible conflict with Investment Petty's Volcker Group meeting on Foreign Direct Feidler at scheduled for 3:00 PM today, I called Earnest ngs might the Gallery to find out how long the Gallery meeti last. The Finance Cmte. is now scheduled for 9:30 AM and is not expected to last more than an hour. The Board will meet at 12:00, have lunch at 1:00, and resume at 2:30. Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis September 16, 1969 - 2 - Mr. Feidler said he thought the more important business would be concluded by the Board before lunch. After lunch the Board will focus on the cost and building problems involved in the construction of the new building next to the Gallery -- they will be meeting with the architect and, while they would love to have you present, they will understand if you can stay. These Gallery meetings are going to be longer than normal because of annual review of financial statements, budgets, etc. I had asked Mr. MacLaury who should review the material for the meetings and he suggested Mr. Geng, who has all the material. I told Mr. Feidler that Secy. was going to be sending a letter to them delegating this to you and he would appreciate knowing or having confirmed prior to the meetings that you will be able to attend. with Wolfgang Schoellkopf. Only conflict is your lunch Shall I tell Mr. Feidler you will attend the meetings but will not be able to attend the lunch and will have to be back here for a 3:00 PM meeting? YES NO Mr. Feidler said the people planning to attend the meetings are Jock Whitney, Franklin Murphy (Chrm. of Bd. of Los Anges Dillon Ripley (of Smithsonian) Times), Stoddard Stevens, Paul Mellor4 the Chief Justice will be out of town and won't attend. Messages for Mr. Volcker - 3 - September 16, 1969 11:55 AM - Mary Harris called and said she neede d to hold some time before the financing lunch tomorrow to talk on the financing and asked if 11:30 was all right. it was so she is putting that down. I said I advised Lorraine, On cal. NOTE: Peter Jay called last Friday to renew his request for an appointment to see you. I mentioned this to Reese Stith yesterday and he talked to Mr. Donnelley who said Jay is also trying to see the Secy. and Mr. Donnelley thinks it would be nice for you to take the Secy. off the hook by by seeing Jay yourself. Are you willing to do so? YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Rex Beach called last Friday to ask for an appointment for Geoffry Shepard, the new White House Fellow assigned to Treasury, to see you. I told Mr. Beach you were under great pressure and would be until after Bank-Fund week and asked if this could be postponed until after Bank-Fund. He thought so. I ran into Mr. Webster last evening leaving the building and he said he would like to get the new White House Fellow in to see you -- they're trying to figure out where to put him and Mr Webster thinks he could be an assistant to you. Massages for Mr. Volcker 2:05 PM - - 4 - Tuesday, Sept. 16, 1969 Professor Roy Dunn, Trinity College, Hartford, Conn., called. He He asked that his call be returned -- 'mg/expects to be at the College until 4:00 p.m. this afternoon. Operator 81 -- Hartford; A.C. 203 - 527-3153. 3:35 PM - Mary Harris called to say that the Secretary has asked that you then be in his office at 4:30 p.m. and you and he will/go on to the 5:00 p.m. meeting at EOB from there. 4:40 PM - Mr. Sauer (ExImBank) called. returned. 4:35 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be (1246) Mrs. Harewood of the Indian Embassy called to extend the Ambassador's invitation to you to attend an informal, stag dinner on Tuesday, September 23rd, at 8:15 p.m., in honor of the Indian Minister of State for Finance at the Ambassador's residence, 2700 Macomb Street, N. W. On your calendar for Tuesday evening, September 23rd, you are scheduled to attend an informal, stag working dinner for Chancellor Jenkins. Is it all right to regret the Indian Ambassador's invitation? YES NO (Mrs. Harewood-362-1471) Messages for Mr. Volcker - 1 - Monday, Sept. 15, 1969 10:00 AM - Mr. Petty has tentatively scheduled a Volcker Group meeting for Thursday afternoon, Sept. 18, at 3:00 p.m. in Room 4121 -- subject: for 1970. Foreign Direct Investment and the Fed Program Your calendar from 12:00 Noon on Thursday -- (?) 12:00 Noon: Board of National Gallery of Art to meet; have lunch at 1:00 and resume at 2:30 p.m, 1:00 PM: Lunch with Wolfgang Schoellkopf of Chase g Manhattan 3:15 PM: Alternate time for press backgrounding (Oct.1969 Refinancing) 5:00 PM: Prof. John S.G.Wilson, Univ. of Hull, York, England. (Mr. Petty is aware of the possibility of your attending the National Gallery of Art meeting.) ON CAL. 10:30 AM - Mary Harris called to say that Mr. Maude's office has informed http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis her that Frank Figgures will be in Washington during the week of Sept. 22nd. He will attend the 4:00 p.m0 meeting in the Secretary's Office on Tuesday, Sept. 23rd, along with Chanc. Jenkins, and also the working dinner on the evening of the 23rd, The Chanoilor's party will consist of Mr. Dowler, his Principal Private Secretary; his Special Assistant, Mr. Harris, and Mr. Maude -- all of whom will also attend the 4:00 p.m. mtg. and the working dinner. (ON CAL.) - 2 - Messages for Mr. Volcker Monday, Sept. 15, 1969 3:00 PM - Mr. Willis' office (who has contacted the members of the Volcker Group for the 3:00 p.m0 meeting on Thursday, Sept. 18 at 3:00 pm) has informed us that the following people from Commerce have also been invited to attend this meeting: Richard Irfer, Dir. and OFDI,/Ken Davis. Mr. Irfer is also bringing with him Don Katz and Richard Ravenscroft of his staff. ON CAL. now the NOTE: There is 114E/possibility that the above meeting may be made auprincipals" only meeting; the full Group had initially been invited to attend. 3:25 PM -Prof, Roy Dunn, Trinity College, Hartford, Conn., called, He said he would call again tomorrow, 4:20 PM - Cheri called to say the Secy. invited you and Mrs. Volcker to a Treasury sailing on the Sequoia this coming Saturday evening at 5:30 - cocktails and dinner will be served. The boat will be docked at Pier 1 at the Navy Yard. I called Mrs. Volcker to alert her and she says there is no conflict. OK to tell Cheri you accept? YES NO 4:40 PM - Cheri called about another Sequoia sailing on Monday evening, Sept. 22, at 6:15, to which Secy. invites you only. It will include some members of Congress. I told Cheri I was sure you could not attend because you were to speak in NYC that evening to the David Rockefeller group. OK to tell Cheri you regret? http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 YES NO Messages for Mr. Volcker 5:00 PM - Lee Cohn of the Star called. - 3 - Monday, Sept. 15,1969 He said that he had seen you on the Hill last week and that you had thought you might be able to see him the latter part of this week. I told him that your calendar was filled through the week, including Friday when you may be speaking at a luncheon meeting of the Intl. Bus.Econ. of N.Y. at the City Midday Club. I told him we would have to check out an appointment for him with you since it was getting so close to the Bank/Fund meetings, and that I would very, very tentatively hold 10:30 a.m. on Monday, Sept. 22, subject to your confirmation -- since you were going to speak in New York at would 7:00 p.m. that evening and migkt/need to prepare your material at some point during the day. (At 7:00 p.m. on Monday, Sept. 22, you will be speaking at the dinner meeting of the Chase Intl. Advisory Cmte. & Chase Directors p.t the University Club. Do you wish to see Mr. Cohn? YES NO OTHER If yes, is it all right to confirm the 10:30 a.m0 appointment on Monday, Sept. 22, 5:35 PM - Mary Harris called and said Secy. selected Monday, Sept. 22, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for a concentrated session on intl. problems with you and Mr. Petty. Since Camp David was not available, it will have to be here at Treasury and Mary thought you might like to go up to 4426 to try to be secluded, but I believe she is leaving ql September 15, 1969 Messages for Mr. Volcker that up to you and Mr. Petty. She said that was the day for the Fed. lunch at Treasury but she would cancel it and reserve Secy's dining room for a closed luncheon for the intl. group. She has advised Mr. Petty and asked him to let her know who else will participate. She is holding the whole day for this. You are to speak to the Chase group at dinner in NYC that evening - cocktails at 7:00 and dinner about 7:30. Since they're making a special effort to wind the dinner up in time for you to catch the 10:00 PM Eastern Shuttle from La Guardia, I assume you'll want to arrive in good time and may want to take the 5:00 PM Eastern Shuttle getting into La Guardia at 6:03 PM, although you could take the 5:30 American flight getting to La Guardia at 6;39 PM. The air traffic, however, is very heavy at that time and the later flight might be risky. If you take 5:00 PM Shuttle, you'll need to leave Treasury no later than 4:30 PM because auto traffic is congested then. I did not tell Mary this. 5:40 PM - Secy's Operator called and said Secy's Staff mtg. this week will be on Wednesday instead of Friday. On cal. PLEASE NOTE MR. PETTY'S MEMO RE 8:45 AM MTG. WITH SECY. TOMORROW MORNING IN PREPARATION FOR 5:00 PM MTG. ON FED. CREDIT PROGRAMS. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 1 - Messages for Mr. Volcker NOTE: September 12, 1969 You wanted to call Mr. Hockin or Gov. Rasminsky. PENDING: (1) Mr. Kearns wanted to talk to you. 11:15 AM - Mr. Kearn's secy. called and said he wondered if he could come over and see you this afternoon, 11:20 AM - Mr. Hirschtritt asked to see you at 3:45. we'd try. I told him On cal. 11:30 AM - Mr. Brumley called and said one of the newspaper people tells me that Abel, who is President of the United Steelworkers Union, has issued a statement for release on 14 Sunday, Sept./)NA which says that, unless Congress quickly grants Treasury's request for an increased rate on Savings Bonds, he is going to urge the steel workers to stop buying Savings Bonds. There are 1.2 million steel workers. 11:35 AM - Jim Smith stopped by and said he was unable to get Ullman for this afternoon so, in your absence, Dr. Walker and he (Smith) will see Ullman next Wednesday afternoon and talk about the 4-1/4 ceiling. NOTE: Mrs. Volcker called this morning and said your suitcase was packed and Mr. Morrow went and fetched it. He has in car. 12:30 PM - Mr. Mayo's office called and said the mtg. on Fed, Credit Programs could be at 5:00 instead of 4:30 on Tues. 2:30 PM - Bob Bethke called & would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On cal. 943-4400 Messages for Mr. Volcker - 2 - September 12, 1969 d like you to call him, 4:06 PM - Mr. Bergsten called and woul 103 - 5026 they are now proposing 12:30 for 4:10 PM - Mr. Widman called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis lon -- the place for Mr. Kashiwagi to meet you at the Cril for Mr. Hankel to you to have lunch to be left open -- and come to the Crillon to see you at 4:00. If you would rather in your hotel room or talk to Hankel in McGrew's office than Hankel when he comes the hotel bar, you can propose that to to the Crillon. is at They were unable to reach Ossola, who e, but Ossola's office a beach cottage where there is no phon to Orly at 5:30 PM says his present plane schedule gets him him to the Crillon on Sunday and they think they could get at 6:00 or soon thereafter He might be shiRt able to take h him by phone and an earlier plane but his staff can't reac f expected him back Mr. Widman didn't indicate when his staf in the air. in communication, so it appears to be up Presumably he can if he sticks to he will come to the Crillon as soon as s an earlier plane, his present schedule or at 5:30 if he take Thursday, Sept.11,1969 - 1 - Messages for Mr. Volcker 9:20 AM - Maurice Mann's secretary called to say that he will attend the Volcker Group meeting at 4:30 p.m. today in your office. 12:40 PM - Henry Kearns called and is very anxious to speak to you on the phone. NOTE: 1246 - 201 Mr. Willis raised the question whether you would want to go out to Dulles early enough tomorrow to have dinner at the airport before boarding the plane -- so you can get a little sleep. If you don't do this, you probably should ;leave the Treasury around 6:45 for the airport. If you want to have dinner at Dulles, you probably will want to leave the Treasury at 6:00 or 6:15 at the latest. Leave Treasury at 6:00 PM or 6:15 Leave Treasury at 6:45 PM 2:00 p.m, - Fred Bergsten called. He asked that his call be returned. (103 - 5026) 2:05 P.M, - Mr. Jan Verschuur, of the Trade Conferences Divijbn, Department http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of Commerce,called. He is in charge of the arrangements for the meeting of the National Export Expansion Council meeting at 12:00 noon tomorrow, at which you will be speaking for the Secretary. He extended an invitation to you to stay with them and participate in the luncheon in the Presidential Ballroom of the Statler Hilton Hotel. I told him you had another luncheon on your calendar (1:00 p.m, Mutual Sav.Bks.Cmte. in Press Room of Hotel Washington), but would extend h's invitaregret? tion. Shall we accept ? back th s afternoon. called we if He said it would be helpful (189 - 5415) Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - September 11, 1969 I checked to see what Dr. Walker's situation was and he is leaving at 7:30 AM Friday to speak in Milwauke e and his return flight does not get into National unti l about 7:15 PM. I then checked on Mr. Petty's situation and Mary Grace said his cal. was clear but she had better check Mrs. Petty. She found that Mrs. Petty was out and has to wait until she calls back. OK to ask Mr. Petty to do if he's free? YES NO Messages for Mr. Volcker September 11, 1969 - 4 - 5:00 PM - Mr. Rustad called and would like to see you briefly anytime you can spare him a little time tomorrow afternoon. He said he can come on short notice. I asked him how urgent it was and he said he would like to give you a picture of what they are running into on the uncertainties on the interest rate and bring you up to date on two or three things. He said it wasn't a life and death matter but km if you can see him, he will appreciate it. 2466 6:45 PM - Mr. Petty said he should see you for 20 or 30 minutes http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow before you get away. I suggested 4:00 PM, On cal. • Messages for Mr. Volcker 2:25 p.m. - Mr. Coombs called. - 2 - Thursday, September 11, 1969 He asked to be transferred to Mr. MacLaury when he Iarned you had not returned. Mr. MacLaury's office informs us that Mr. Coombs did not reach him, but left wrd for him to call on his return. 2:45 p.m. - John Davies, Dir.Gen. of the Confederation of British Industry had arrived for his appointment with Dr. Walker. Dr, Walker hadn't returned from his luncheon engagement, and his office called to find out whether you wanted to sit in on this meeting. I told them you hadn't returned from your outside appointment, but would inquire on your return, 3:35 PM IMMO (2801) - Ambassador Randolph Burgess (Atlantic Council) called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis asked that his call be returned. (347-9353) He Messages for Mr. Volcker - 1 - 9:55 AM - Maurice Mann called. Wednesday, Sept. 10,1969 He asked that his call be returned. (103 - 3680) 11:35 AM - Mr. Willis office informs us that/ the Volcker Group meeting on Thursday, Sept. 11 has been rescheduled for 4:30 p.m. CAL. NOTED. 10:10 AM - Mr. Samuels called and would like you to call him. 101 - 20410 3:45 PM - Mr, McCamey called to say that Mr. Widm an had asked to see if you had any free time tomorrow (Thursda y, Sept. 11) for about a 15-minute courtesy call by Mann y Abrams, Economic Counsellor in Rome -- who is about to become Deputy Chief of Mission at the U.S. Mission in Brus sels (Deputy to Ambassador Schaetzel), Mr. Abrams will be in town very briefly - with very tight timing. Mr. McCamey wondered whether he might come in at 4:00 p.m. You have a 4:30 p.m. Volcker Group meeting scheduled. I very tentatively gave Mr, Abrams 4:00 p.m. tomorrow (Thurs,, Sept. 11). YES ,/ NO Is it all right to confirm? (Mr.McCamey 8081) " (Mr. Petty will be seeing Mr. Abrams some time on Friday.) 4:00 p.m. - The Executive Secretariat call ed to say that you will be http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Acting Secretary on Friday, September 12 -' until 6:45 p.m. when you are scheduled to leave Treasury for Dulles.CAL,NOTD (They have been given your time of departure from Wash.) Messages for Mr. Volcker - 2 - September 10, 1969 12:50 PM - Henry Fowler called you and would like you to call him. AC 212 -, 8323. (Gov. Daane called me later about wanting to talk to you before he talked to Clyde Farnsworth at 2:30 today to "get the party line" -- he was going to try to reach you at the Mortgage Bankers reception. I mentioned to him that former Secy. Fowler had called youand I wonde red what it was about and Gov. Daane said Mr. Fowler had calle d him about setting up something and inviting people to his (Fowler's)Alexandria home on Saturday, Sunday, or Monday of the weeken pxior to Bank-Fund week. No doubt, Mr. Fowler is trying to find out what official functions might intere fere with his getting the people he wants.) 5:45 PM - Fred Bergsten called. He asked that his call be returned, (103-5026) 6:00 PM - Mr. Geng stopped by and asked if you had anything on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis after you brief the Savings & Loan people at 11:00 and before the 1:00 o'clock Savings & Loan lunch. You do not. Mr. Geng said they would like to have a preliminary financing meeting as soon as you finish backgrounding the S & L's and can do it without you, if you prefer, or with you if you can spare the time, Noted on cal. (Mr. Geng said there wasn't any other time tomorrow when they could get everyone together & Mr, Geng will be in NY seeing dealer s in Friday.) Messages for Mr. Volcker - 1 - September 9, 1969 10:35 AM - Mary Harris called and said the Secy. has to go to the Dirksen funeral on Thursday and would like to stay out in Illinois and has two things on the calendar that he would like you to take care of for him if you can. One, at noon (12:00 M) on Friday, he is to speak for 10 minutes at a meeting of the National Export Expansion Council, followed by a Q & A session. occasion. Someone is preparing remarks for this Secondly, he was to attend the Mutual Savings Banks Cmte. luncheon at 1:00 PM, which you are already scheduled to attend. I told Mary you were to background the Mutual Savings Banks Cmte. at 11:00 AM and we had been holding k 11:00 thru lunch for this purpose. I said I'd see if you felt you could finish up with your backgrounding in 45 minutes and let some of the others carry on with the Cmte. The Export Expansion Council will be meeting in the South American Rm. of the Statler Hilton. I told Mary I'd be back in touch with her after I checked with you on this. Shall I tell her you will do the Export Council talk? YES NO 10:45 AM - Mr. Willis would like to speak to you on the phone. 10:55 AM - Mr. Trezise called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 101 - 20396 Messages for Mr. Volcker - 2 - September 9, 1969 10:57 AM - Mary Harris called and said Mr. Webster was with Secy. for a long time this morning and when he came out said Secy. would like to see you and Mr. Petty some time today or tomorrow. She asked about 4:15 or 4:30 this afternoon. Did you make a date with Mr. Karaken or is this time clear? (You have Clyde Farnsworth at 3:00 and that is all I have. 10:59 AM - Mr. Mann returned your call. NOTE: 103 - 3680 We got Bob Bethke on the phone but you were a on another call so we'll have to call him again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis WE 3-4400 Messages for Mr.Volcker - 3 - September 9, 1969 1:00 PM - Mr. Mayo's office calldd about the meeting on Fed. credit http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis programs that they are trying to set up -- they think at your request to Mr. Mann -- and asked if 4:30 on Tues., Sept. 16th, would be all right for you. They said they had tried for the 17th but that didn't work. She said Secy. Kennedy would be able to attend at 4:30 on the 16th. Your cal. is clear (althought we are financing). all right to say this tjme is agreeable? YES NO Is it _ 1 _ Messages for Mr. Volcker Mondayj Sept. 8, 1969 9:15 AM - The Secretary has said that he would like a Fed luncheon today. Chairman Martin has been invited and has accepted; Governor Robertson is on his way to Europe. Mr. Weadherbee's office has been informed that you will attend also. 9:20 AM - Russell Fessenden's appointment with you has been rescheduled for 9:30 a.m. on Tuesday, September 9th -- in view of the possibility of your testifying at 10:00 a.m. on Wednesday before the Sen.B&C Comte. on S.2577 - Regulation Q authority. ON CAL. (Mr. Nissenson will provide background paper.) 11:30 AM - Bob Bethke called and would like to speak to you. WH 3-4400 11:35 AM - FrazardWilde, of Conn. General, called long distance. His Secy. said he would be in and out and asked when would be a good time to call -- she asked about 1:30o- and I said you would be at a working lunch with Secy. at that time. She indicated they may call again tomorrow morning. 12:05 PM - Mr. Wallich called and asked if he might see you sometime today or tomorrow morning. I told him you were drafting something for Secy. and I'd better check to see what you suggested in terms of time. 12:07 PM - Mr. MacLanyy stopped by and said Gene Knorr in Cong. Relations http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis was anxious to know whether you were going to testify at 10:00 AM on this coming Wednesday because the Cmte. wanted copies of the statement of whoever would testify delivered to the Cmte. tomorrow. Did you discuss this with Secy? _h 2.10 pm - Herbert Monday, Sept.8,1969 - 2 - Messages for Mr. Volcker called. He asked that his call be returned. (103-5042) NOTE: Did you talk to John Wilson, of Chase, over weekend about suggestion you talk to Chase group Monday at dinner on Sept. 22 rather than at lunch on Sept. 23? I would call him today to confirm. If not, I had promised him Shall I call him and say you'll do at dinner on Sept. 22? YES NO to 4:40 pm - Leonard Dixon has passed the word on thR/Mr. McCamey that there presently is a polio epidemic on in Spain and all travelers to Europe are advised to take a polio booster xkoxt shot. We have contacted the health unit, and Mrs. Graham has suggested that, since the doctor will be in tomorrow, that you come in at 9:00 am. (Tuesday) at which time you will be given a cube of sugar with the immunity for all three strains of polio. If you have not had the polio shots at all, this cube will be the first of a series of three -- the second one to be taken in 8 weeks, and the third guihR cube 8-12 months later. NOTE: The health unit has been instructed to give the cubes only with the doctor in attendance. ON CAL. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis However, Mrs.Graham said that if you have taken the shots before and have had no reaction it probably would be all right to We the cube if the doctor is not present. He will be/sometime after 8:30 p.m0 and she has suggested 9:00 a.m.in Rm.1445 mf'ssages ror mr. voicKer - j - Monday, Sept. 8,1969 5:00 p.m. - Dixon Donnelley stopped by to say that he had just spoken with the Secretary who told him that he was not going to make the speech in Milwaukee on Friday, Sept. 12th. 4:50 p.m. - Governor Daane called. He is at home and asked that his call be returned. 5:25 p.m. - Joe Slevin called. He said he had just come back to Washing- ton -- he had been away for several weeks -- and waimmixto wondered whether he might come in to talk with you about financial matters generally -- international and domestic. Do you wish to see him? YES NO If yes, is it all right to gmatiumatixakamitmakk give him an appointment at a time one day this week when he can be fitted in? YES NO OTHER (I had indicated to him that your calendar was filling up for the next two weeks -- and told him that I would call after you had been consulted.) NOTE: -- 393-6686. Mr. Petty and Mr. Mack would like to be debriefed on yomx the meeting of the Cabinet Cmte. on Oil Import Policy. (I've given Mr. Mack the folder you had at the meeting, including your handwritten notes of the meeting.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker NOTE: September 8, 1969 - 4 - Lee Cohn, of the Star, called today and asked to see you some11 time this week on "intl. monetary things preferably Tuesday or Wednesday. I asked Mr. Stith if he could discuss this with Mr. Donnelley, since I am sure we'll be getting a number of similar requests from other reporters, and Mr. Stith later said Mr. Donnelley said to leave it up to you. Do you wish to see Mr LI 3-5000, X449. Cohn? YES NO NOTE. We've re-scheduled Mr. Isomura's taped interview with you on SDR's for 12:00 noon on Tuesday, tomorrow. Mr. Parker decided to take advantage of the opportunity to have a photographer on hand to take some pictures of you at your desk in the hope of getting a better publicity photo. Mr. Stith said they would have a stenotypist on hand to record the interview and both he and Mr. Parker will be on hand to assist. I told Mr. Pascoe the interview had been rescheduled and he said he might come and sit in. Attached are the answers he drafted to the questions Mr. Isomura will ask you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker 8:40 a.m. f-) 1 Wednesday, Sept 3, 1969 Margaret Muelhaus called to say that Chairman Martin had returned to Washington too late last night to return your call. He is in his office and available this morning to talk with you. (I told Margaret you were with the Secretary now and would be leaving for the Hill about 9:40 a.m„ for the IET hearing.) 8:45 a.m. 147-201 Charles Arnold of the Public Affairs office stopped by to say that Edith Baturin had suggested that he inquire as to whether you wished to take either or both of the following statements with you to California this afternoon (1) The introduction and explanation by the Secretary on the tax reform before the Senate Finance Committee NO tomorrow (Thursday), Sept. 4.YES No.of copies (2) The long, technical explanation on tax reform by Mr. Cohen -- which Mr. Arnold says will not be read but will be passed out to the Committee. NO YES No. of copies (Mr. Arnold - Ext. 2041) 9:10 - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Weatherbee's office has called about lunch in the Secretary's Dining Room today. Since you will be leaving for Andrews Air Force Base shortly after 1:00 p.m., will you want to have lunch at 1:00 p„m. in the Dining Room prior to your leaving Treasury? Yes No (I am checking with the White House to Messages for Mr. Volcker 1 2:00 PM Sept. 3 Sept. 5, 1969 3:30 PM - Mr. Tom Rivers called, said he used to work with you at Chase, was in Washington for the afternoon and had hoped to catch you in. When I told him you were out of town, he said he hadn't seen you in about three years and wanted to talk about some of the changes in the tax legislation and would be coming down again in two or three weeks and would try you again. I told him the tax legislation wasn't really in your bailiwick; he said he knew that but still wanted to talk to you. I told him I would tell you about his call 4:30 PM - George Spencer called from the Fed. and said Mr. Holland http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had a letter from Professor John Stuart Gladstone Wilson, Prof. of Economics & Commerce at the University of Hull at York, England, whom Mr. Spencer described as a "noted British economist and historian and a friend of Mr. Holland's." Prof. Wilson will be in Washington during the week of Sept. 15 - 19 and asked Mr. Holland to arrange appointments for him to see a number of people, including you and Dr. Walker, indicating he had met both of you at some earlier time. He did not indicate what he wanted to discuss but Mr. Spencer thought probably the U. S, economy. I explained it was a bad week for both you and Mr. MacLaury but would try to set up a time for both of you to see Messages for Mr. Volcker - 2 - Sept. 3 - 5, 1969 September 3 (Cont. Prof. Wilson so that Mr. MacLaury could backstop if you fall by the wayside. Mr. Spencer said this would be just fine and, with Mr. MacLaury's concurrence, I set the time for 5:00 PM on Thursday, Sept. 18. September 4 10:20 AM - Gene Birenbaum called from New York. He said there vere a number of things that he had been saving to discuss with I told him you were you -- some personal, some analytical. away from Washington and he said he would call again. 3:35 PM - Mr. Nissenson of Mr. Widman's office called to say that Russell Fessenden, Deputy Chief of Mission at the Bonn Embassy is coming back to Washington for consultations and Mr. Widman had suggested that Mr. Fessenden see you iNXWillW while here so that he might convey the Embassy views /of the revaluation situation in Germany. Mr. Nissenson wondered whether you could see him on Wednesday morning, September 10th. him 10:00 a.m. Your calendar is clear and I have given ON CAL. 4:00 PM - John Wilson of Chase called about your talk to the Chase http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Intl. Advisory Cmte., which Mr. Rockefeller had asked you to do at lunch on Tuesday, September 23. Mr. Wilson said they wondered if you could just as well do this at a dinner meeting, which would include their Directors as well as the Advisory Cmte., on Monday evening, Sept. 22, at the University Messages for Mr. Volcker - 3 - Sept. 3 - 5, 1969 September 4 (Cont.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Club, 1 West 54th St. - cocktails at 7:00 and dinner at about 7:30 - he thought it would be over by 10:00 at the latest, and he thought you could catch a 10:30 PM plane if you wished. I told Mr. Wilson I thought the Monday evening occasion would be better from your standpoint since you may have to testify on the Hill on the morning of the 23rd (on tax exempts and urbank -- Mr. MacLaury says he is pretty sure you'll be the one to do this; also you wanted to be present when Roy Jenkins comes to see Secy. at 4:00 PM on 23rd). Your cal. is presently clear on Monday, Sept. 22nd You could take the 5:00 o'clock shuttle and arrive La Guardia at 6:03 PM. The only problem is getting back. If you couldn't leave in time to catch the 10:00 o'clock shuttle, you'd have to take the 11:45 PM EAstern Tourist Flight 637 into Natl. at 12:45 AM or take the 7:00 or 8:00 AM Shuttles or the 7:30 American flight on Tuesday morning in order to be sure to be able to be on the Hill by 10:00 AM. Mr. Wilson is rather anxious to know if you think you can't do it on Monday night so they can line up another speaker. I left it that, in case you thought you couldn't do it Monday night, you would phone Mr. Wilson over the weekend (his home phone is Acra Code ). Otherwise, I said I'd call him on Monday and confirm that you will do it on Monday night the 22nd. (Office phone: 552-3701) Messages for Mr. Volcker - 4 September 3 - 5, 1969 September 4, 1969 4:30 p.m. - Miss White of the Finnish Desk at State called to extend Olavi an invitation to you from the Finnish Ambassador/Munkki to attend a Black Tie stag dinner on Friday, September 12, d tlit‘ tia_ v\(r t)6( o4Sd, T, Nt)b‘k tjo'r at 8:00 p.m., at the Finnish Embassy, 3001 Woodland Drive, N. W. -- in honor of the Finnish Foreign Minister Ahti eusi‘): Karjalainen and also to honor Secretary of State Romigtex s OIR,.4441c).C' 4,41..A0e 11-61 Rogers. Your calendar is clear. You wish to accept? regret? (RSVP: Miss White -- 9-632-1557) A), 1-eih ' September 5, 1969 4:00 p.m. - Frank Figgures called from London. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis His call was trans- ferred to Mr. Willis. NOTE: We have received a telegram today from the (1) Ambassador of Brazil, cancelling his reception at the Brazilian Embassy on Sunday, Sept. 7, in view of the"criminal act against the personal inviolability of the Chief of the Diplomatic Mission of the United States of America in Brazil." (2) CAL NOTED, Subsequent to our giving Russell Fessenden, Deputy Chief of Mission at Bonn, an appointment with you at 10:00 a.m. on Wednesday morning, September 10th, we were notified that you may testify at 10:00 a.m. Bkg.&Currency on Wednesday morning before the Senate! Comte. on S 2577 n "a bill toAlow fle-4 b autnOrlEY. Mr. Fessenden will be gsftsdlai°eANOTBDi - 5 - Messages for Mr. Volcker NOTE: September 3 - 5, 1969 When I cancelled Peter Jay's appointment on Thursday, he asked I put him to have the appointment rescheduled for next week. off,saying your schedule was very tight and I'd have to be back Shall we hedge him off? in touch after your return. YES X NO NOTE: Mr. MacLaury said to tell you he would be around this weekend if you need him. in on Saturday. Mr. Willis I think is planning on being I am hoping it will be all right for me to keep my hair appointment at 9:30 on Sdturday, in which case I could get in by around 11:30 or shortly thereafter and I will plan to do so unless I hear from you to the contrary. I can cancel the hair appointment if necessary. MA be very 6:30 PM - Mr. Bill Dale called and said Mr. Schweitzer will http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis glad to talk to you if you want to talk to him over the weekend. Mr. Schweitzer expects to be home most of the weekend and, aside from doing the lawn, has no commitments. home phone is . His Mr. Dale himself is leaving around Saturday mid-morning to drive his daughter to Springfield, Mass., to college. Apparently he doesn't know where they will be staying Saturday night or on Sunday but on Sunday evening, they will be at the home of his wife's brother, Donald J. Parry, of Chatham, New Jersey, and will be driving back to Messages for Mr. Volcker - 6 - Sept. 3 - 5, 1969 Washington in the middle of the night in time to be here for the Board meeting on Monday on Fund quotas (see Mr. Willis' memo re this in material enclosed) . Mr. Dale said he might try to check in with you probably sometime before he starts off driving to Mass. 6:45 PM - Mr. Walker's secy called and said he was to speak to a http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 12:00 M luncheon meeting of Mortgage Bankers on Wednesday, Sept. 10, and won't be able to do it because he has to go out of town. I told her I didn't think you could do it because you, or someone, would have to testify on the Hill at 10:00 AM on Sept, 10 (see material re this hereunder). She said that was all right. Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 1 - Tuesday, Sept. 2, 1969 RE 9:30 a.m. HUD meeting this morning, Mr. MacLaury was informed by Fred Deming that it would be a general discussion among the Administration officials of various departments led by Secretary Romney -- of the crisis in housing and what the Government can and should do about it -- to be followed by a meeting with industrialists on the same question at 11:00 p.m. this morning. Mr. MacLaury also said that BOB is sending Phil Hanna, Asst. Director of Housing (in the absence of the top officials), but that other Departments are sending top officials. is (The meeting/in the Departmental Conference Room - 10th Fl. of HUD Building, 451 - 7 th St.,S.W. - (Use South entrance. Do you plan to attend? Is Mr. MacLaury to attend for you? (Miss Drake - HUD - 138-57096) Messages for Mr. Volcker - 2 - Tuesday, Sept, 2_, 1969 9:30 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. (ON CAL.) 9:55 AM - Dr. Walker just stopped by to say that you were "on again" for the Cabinet meeting in San Clemente. 10:15 AM - Gov. Daane called in and asked if the V.G. meeting was on for noon today or not. He's at home and isn't sure he'll come in, if the meeting is on, unless you feel you really need him. In any event, he would like to be informed if the meeting is on. He also asked if you'd reached Ossola; I told him I didn't know. 10:00 AM - Dick Janssen of the Wall Street Journal called. He said there was a flap building up in London - and he would like to get an i ansser for his international wire - that the U.S. is going to propose more flexible rates during the IMF meetings. I referred his call to Mr. MacLaury -- who is holding off answering until he has spoken with you. (783-0164). 10:05 AM - Mr. Willis is back in his office today. He called a bit later and asked to be put on the list to see you. 10:50 AM - Mr. Petty called and would like to speak to you as soon as you return. 10:55 AM - Mr. Houthakker's office called to ask if there would be http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a V.G. mtg. at noon today. I said I didn't know but would check as soon as you returned and let them know. Messages for Mr. Volcker - 3 - September 2, 1969 11:00 AM - Mr. MacLaury would like to see you when you return. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he'd been talking to Mr. Coombs who wondered if it might not be a good idea for him to come down and see you sometime this week before the next Basle meeting. • Messages for Mr. Volcker - 4 - September 2, 1969 12:J0 M - Mr. Coombs' secy. called and said to tell you he was taking the 1:00 PM Eastern Shuttle down and would come directly to your office from the Airport. 4:30 PM - Mr. Petty's office called and said he had talked to Mary http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Harris, who said the Secy. could see you and Mr. Petty at 8:30 in the morning on Okinawa. On cal. Messages for Mr. Volcker - 1 - August 29, 1969 11:10 AM - Mr. Huntrods called and said he had just been talking to Mr. Figgures at the British Treasury and he wanted to know if you were planning to be in: your office here this afternoon. I told him you were, and he said in that event Mr. Figgures would be making his usual phone call to you this afternoon. 11:15 AM - Janice called and wout like you to call her. if there was any problem and she said no. I asked her 667-2129 12:10 PM - Mr. Pascoe called and said Mr. Petty's office had sent him a copy of Mr. Donnelley's memo to you about the taped interview by Mr. Isomura at 2:30 on Tuesday, Sept. 2, and Mr. Pascoe wondered if you had asked someone or would want someone to draft suggested replies to the questions Mr. Isomura set forth in his letter to the Secy. I told Mr. Pascoe I would ask you and let him know whether or not you wished him to draft something. YES oP/ NO 12:20 PM - Mr. Roosa's secy called and said he would like to invite http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you and Mrs. Volcker to the BBH cocktail party on Monday, Sept. 29th,in the Diplomat Rm., the Shoreham, from 5:00 to 7:00 PM. I asked if they wished a reply and she said she guessed so but thought Mr. Roosa would be sending you a note. Shall I accept? YES NO Messages for Mr. Volcker - 1 - Thursday, August 28,1969 been informed that you will have 9:30 AM - Mr. Weatherbee's office has y. lunch in the Secretary's Dining Room toda was back in the building. 11:55 AM - Mr. MacLaury called to say he ker's 3:20 PM - Mrs. Volcker called to leave message to tell Mr. Volc http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis driver not to leave the paper tomorrow--delivery begins then. - 2 - Messages for Mr. Volcker Thursday, August 28, 1969 5:00 p.m, - Janet Kemp of the Attorney General's Office called for Mrs. Mitchell -- to say that, if Mrs. Volcker will be in California on September 4th,Mrs. Mitchell is extending an invitation to her to a tour of Universal Studios and a luncheon there. Departure from Newporter Inn in San Clemente will be 11:00 a.m. by limousine for the studio; lunch and tour; depart studio at 3:00 p,m. for Newporter Inn. Regret Accept (Janet Kemp - 187-2005) c ek 5:15 p.m. - Evelyn Thompson of the Senate Finance Committee called for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a list of those who will be accompanying you to the JET hearing on Sept. 10, at 10:00 a.m. Mr. Colekkax secretary has provided her with the following names: Treasury: Messrs. Petty, Schaffner (who will be back from his leave) Curtis and Lupo (one of Mr. Curtis' staff); from the Tax side: Mr. Cole and Mr. Tannenbaum (a staff lawyer); from IRS: Messrs. Evans, Freedland, Meehan and Wallace (all tax attornies). Mr. Lupo is taking care of the briefing book which will be reviewed by Mr. Cole sometime tomorrow; and it is expected that you will have it sometime tomorrow afternoon. (Mr. Cole's secretary-Gloria McAnnaller 5046) (Phone for Evelyn Thompson of Sen.Fin.Cmte.-180-4515) Message tor Mk. Volcker 1 - Thursday, August 28, 1969 9:30 AM - Mk. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 11:55 AM Mr. MacLaury called to say he was back in the building. 5:15 PM - Robert Solomon called and asked that his call be returned this evening; he will be away tomorrow (147238). 5:05 p.m.- Mr. Samuels of State called regarding a cable prepared by State on U.K.-German Offset Subsidies, which they urgently want to get out this evening and which needs your signature for clearance of text. Mr. Escoube has it and is working on a covering memo for you. He expects to have to you shortly with one of the staff standing by for any explanation that may be needed, (Mr. Higenbotham is standing by at State - 101-21114 - for approval from you to finalize the text.) (Mr. Escoube - 2011) 5:50 p.m.- Mary Paul Taylor, lit Reuters' representative on duty here http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis at Treasury, called to say that the French Finance Minister just announced a $1.6 billion in loans arranged for France in conjunction with the IMF standby loan, and wondered whether she might have some clarification from you. referred her to Mr. MacLaury. I e12ssages for Mr. Volcker - 2 - Thursday, August 28, 1969 5:00 p.m. - Janek Kemp of the Attorney General's Office called for Mrs. Mitchell -- to say that, if Mrs. Volcker will be in California on September 4th,Mrs. Mitchell is extending an invitation to her to a tour of Universal Studios and a luncheon there. Departure from Newporter Inn in San Clemente will be 11:00 a.m. by limousine for the studio; lunch and tour; depart studio at 3:00 p.m. for Newporter Inn. Accept Regret (Janet Kemp - 187-2005) 5:15 p.m. - Evelyn Thompson of the Senate Finance Committee called for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a list of those who will be accompanying you to the IET hearing on Sept. 10, at 10:00 a.m. Mr. Colebhas secretary has provided her with the following names: Treasury: Messrs. Petty, Schaffner (who will be back from his leave) Curtis and Lupo (one of Mr. Curtis' staff); from the Tax side: Mr. Cole and Mr. Tannenbaum (a staff lawyer); from IRS: Messrs. Evans, Freedland, Meehan and Wallace (all tax attornies). Mr. Lupo is taking care of the briefing book which will be reviewed by Mr. Cole sometime tomorrow; and it is expected that you will have it sometime tomorrow afternoon. (Mr. Cole's secretary-Gloria McAnnalle 5046) (Phone for Evelyn Thompson of Sen.Fin.Cmte.-180-4515) - 1 - Messages for Mr. Volcker Wednesday, August 27, 1969 9:05 AM - Mr. Petty has asked for a change of time for his appointment with you this morning, and he will be in at 12:15 p.m. rather than 11:30 a.mc -- CAL. Noted. 9:25 AM - Chairman Martin 's secretary called to exte http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis his invitation to lunch at the Fed Board today. regret Accept Away today: Messrs, MacLaury, W denbaum, Garlock, Snyder, Auten. Mr. Rabon has another meeting at that time. Mr c Cook s the only one here and free to attend. -- Mr. Volcker to lunch with Chairman Martin and Gov( Robertson, (No Treasury or Fed Staff) - 2 - Messages for Mr, Volcker Wednesday, August 27,1969 whether 11:25 am. - Ambassador Taswell of South Africa called to inquire you and Mrs. Volcker would be free to attend a dinner he is giving for Dr. Rickert, Economic Adviser to the South African Prime Minister on Wednesday, September 3rd. (Dr. Rickert will be in Washington on a State Department Leadership Exchange Program, and Mr. deKock has arranged an appointment for him with you at 11:00 a,m, on Sept, 8.) Since you'rescheduled to leave Washington at 2:00 p.m on the 3rd for San Clemente, I offered the information to the Ambassador that you would be away from Washington on the evening of September 3 and conveyed yntlxxxEgxHtxatmoli regret on your behalf on being unable to accept his invitation. He asked that you be given his kindest regards and said there would be another time. 3:20 p.m. - Cal Brumley called. He asked that his call be returned. (8191) 4:35 p.m. - Mr, Schweitzer returned your call. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (181-3057) Messages for Mr. Volcker Tuesday, August 26, 1969 9:10 a.m. - Dixon Donnelley called and asked that his call be returned (5252). 9:10 a.m. - Mr. Weatherbee's office has been informed that you will have lunch today in the Secretary's Dining Room. 10:00 a.m. - Mr. Widman returned your call. (2896) 10:05 a.m. - Tilford Gaines returned your call. (212-350-6638) 10:10 a.m. - Dr. Walker returned your call. (2801) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis * She also said that they were a very special kind of cigar and knew you would like them. - 2 - Messages for Mr. Volcker NOTE: Tuesday, August 26, 1969 I called the Philippines Embassy and talked with Ambassador Lopez' secretary about the cigars you received this morning. I told her you were very pleasantly surprised and delighted to have them and wondered what the occasion was. She said they were sent with the Ambassador's compliments to people who have been of help to them and your name was suggested by their Economic Counsellor, Mr. Suarez. She indicated that she would convey you thanks to the Ambassador. Shall I also send him a thank-you note? 11:30 a.m. - The Executive Secretariat called to say that you will be Acting Secretary on Wednesday and Thursday of this week, August 27 and 28. (Dr. Walker expects to be in California.) ON CAL. 11:35 a.m. - Mr. Petty's office called to say that they had heard from Mr. Petty;aild that he expects to be in tkRxixEmstixy his office (very quietly) tomorrow (Wednesday) and would likoito see you. I gave him 11:30 a.m. -- ON CAL, 11:40 a.m. - Robert Watson and Jay Finkel asked to see you sometime today about Latin American policy problems -- particularly, the Inter-American Economic Social Council, which both Mr. Petty and Mr. Hirschtritt had spoken to you about. tentatively. NO Is this all right with you? OTHER I gave them 2:15 p.m. YES ON CAL. (Robert Watson - 2067) 11:50 a.m. - Mr, Auten's office has informed us that he will be on leave http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis starting tomorrow morning, Wed., Aug. 27 through Sept. 50 Mk He won't be very faraway and will be available during this period, should you need him, Messages for Mr. Volcker - 3 - Tuesday, August 26,1969 4:30 p.m. - Mr. MacLaury has scheduled a limited Volcker Gimp meeting in your office for 11:00 a.m. on Friday, August 29. Attending will be: MacLaury. Messrs. Samuels, Bergsten, Daane and ON CAL. 5:30 p.m. - Mr. Weatherbee's office called to say that Dr. Walker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis will not be back in time to have a Secretary's Staff at 8:45 a.m. on Friday. YES NO Do you wish to have one? (Notify Secy's Operator)44), Monday, August 25,1969 - 1 - Messages for Mr, Volcker on to lunch today. 9:30 AM - Governor Robertson has accepted your invitati Chairman Martin is not expected back until sometime this afternoon. (Dr. Walker has another luncheon engagement.) had asked that 10:00 AM - Governor Daane's office called and said that he the word be passed along to you that his stepfather had passed away on Saturday and that the funeral was at 2:00 p.m. this afternoon. Also he said that the family is requesting no flowers, since there will be plenty there. (She explained that if anyone insisted on some token of expression of sympathy that there is an education building fund at the church that his stepfather ma had been heading up and a contribution could be sent to the Christian Education Building Fund, First Presbyterian Church, Elk Rapids, Michigan. Governor Daane expects to be at his mother's home until this Thursday when he will return to Washington. 10:35 AM - Mr. Donnelley topped by0 on the phone when He would like to talk with you ou are free. iDx0OxAMxx 10:45 AM - Richard Urfer called. (5252) He asked that his call be returned (189-3853) 10:55 AM - Mr. Jurich called,. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (5264) He ask- that his call be returned. Messages for Mr. Volcker - 2 - Monday, August 25, 1969 1:00 p.m. - Since Mr. Jurich has another meeting scheduled for 5:30 p.m. this afternoon, he asked whether we might put him down for 52.09 Tom. , -6r11;; instead. I have done this that the time is depen• - 3:00 p.m. meeting with municipal lobbies we will call and y • have advised his on your return from your Vashington represen ives of Zéstited to last 2 •.rs -- and that it as soon as this mee ye returned to your of ce. ng has been concluded (Mr.Jurich-5264) ONCAL. 1:05 p.m. - John Nolan's office called to' say that he hoped to have your draft memoranda attached to comments on/Dr. Walker's memo of August 19 on the Tax Reform Act of 1969 -- by close of business today. 1:10 p.m. - Richar ,, ,J.WFer called again. 4:45 p.m. - Bob Solomon called. (189-3853) He asked that his call be returned. (147-238) 5:00 p.m. - Mr. Weidenbaum asked that you be informed that he has accepted the invitation to attend the Governors' Conference meeting in Colorado Springs, beginning of September -to participate in the closed session on revenue sharing and tax exempt bonds. 5:50 p.m. - Mr. Urfer called again. - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and said he will hear from He is veryfinxious to talk with you "e in his office another hour hoping to (189-3853) -I _ Messages for Mr. Volcker Friday, August 22, 1969 9:25 AM - Mr. Weatherbee's °lace has been informed that you will have lunch in the Secretary's Dining Roam. you on 9:50 AM - Mr. Weatherbee called and would like to speak to the phone. 5391 on 9:55 AM - Sam Cross called and would like to either talk to you the phone or come down and see you on the question of the Congo and PL 480. 5032// 11:20 AM - Henry Kaufman of Salaman Bros. & Hutzler called. His secretary said it was a personal callaand Mr. Kaufman suggested that his call be returned when you are free to talk with him. (A.C. 212-HA-2 - 8700.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • Messages for Mr. Volcker August 22, 1969 - 2 - for the 4:15 PM - Secy. Schultze's secy. called and said the time mtg. of the C-binet Cmte. on Oil Import Policy at San Clemente has been changed from 8:45 AM on Sept. 4 to 11:30 AM on the same day; the meeting is expected to last until 1:30 PM. On cal. said 4:30 PM i■ Mr. Mack called and said Dr. Areeda's secy. called and he is not going to be ha able to be in Washington on next Monday but will be coming down from Harvard early Tuesday morning and would be glad to come to talk to you about the Oil Import Policy meeting on W Tuesday or Wednesday. We've set it for 11:00 AM on Tuesday. On cal. 5:20 PM - Mr. Pelikan said Houthakker thinks the meeting in McCracken's http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis office at 3:30 on Monday on a possible Presidential Message on trade will be more or less an organizational meeting and those present will carry away instructions on what to work on. Mr. Pelikan said he has had a call in to John Petty for a day and a half but has been unable to reach him but will continue to try to reach him over the weekend and will get word to you. In the meantime, Mr. Pelikan has tentatively arranged to have Charles Harley attend the 3:30 meeting on Monday and has talked to him about it and briefed him. Mr. Houthakker thought it would be all right to have Mr. Harley attend under the circumstances. is what Mr. Pelikan proposes. If Mr, Petty agrees, this The latter will be away from http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis town on Monday but promised to get word to you as soon as he has talked to Mr. Petty what the proposed arrangement Messages for Mr. Volcker - 1 - Thursday, August 21, 1969 9:25 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 10:00 AM - Dr. Walker will be away from Washington from 2:00 p.m. this afternoon through the weekend. He will return Monday morning. Thd Executive Secutariat informed us that you will be Acting Secretary during this period. Do you wish to hold a Staff meeting at 8:45 a.m. tomorrow, Friday? YES NO 10:20 AM - Mr. McCracken's office called to say he is calling a meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis at 4:00 on Monday, Aug. 25, on a possible Presidential Message on trade. Mr. Petty is the one they would normally ask to attend but he is on vacation and Mr. McCracken would like to have you attend. Sh-. asked about your schedule. I told her you had a group coming in at 3:00 (reps. of municipal lobbies) and I'd have to check on how long that would take. Mr. MacLaury said he thought the 3:00 o'clock meeting would take at least an hour and a half. 4 Messages for Mr. Volcker - 2 - August 21, 1969 11:30 AM - Mr. Mack called and said he had talked to Mr. Areeda about the fact that the Cabinet mtg. on Sept. 4 was scheduled by Mr. Whittaker for 9:30 AM and the fact that the Secy's office had received word, which they passed on to us, that the mtg. of the Cabinet Cmte. on Oil Import Policy was scheduled for 8:45 AM that day, which only left 45 minutes for the latter meeting. Mr. Areeda checked with the White House and advised Mr. Mack that it was now understood that the Cabinet Cmte. on Oil would meet following the Cabinet, presumably at whatever time the Cabinet meeting concluded. On cal. NOTE: Mr. Hirschtritt will not be back from vacation until after Labor Day. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis August 21, 1969 - 3 - Messages for Mr. Volcker 3:30 PM - Mr. Donnelley called and asked if you had been informed by the Comptroller that they shut down a national bank in Illinois. I told him now to my knowledge. better tell you about it. inform Mr. MacLaury. He said he thought he had In the meantime, he said he would 5252 3:35 PM - Miss Ziobro, at the Italian Embassy, called to invite you to a stag luncheon the Ambassador will give at 1:00 PM on Monday, Sept. 29, on the occasion of the Bank-Fund meetings, at the Embassy. The Italian Minister of the Treasury will attend and she thought Secy. Kennedy would attend and she said the Ambassador would be very hopeful that you also might be able to attend. I have informed Mr. Widman of this invitation and asked his recommendation. At present, your calendar is clear for lunch on Monday, Sept. 29. 234-1935 4:05 PM - Mr. Pelikan said the meeting McCracken is calling for Monday http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on a possible Presidential Message on trade is related to an effort that has been under way on export promotion, on which Mr. Schaffner and Mr. Pelikan have been working for Mr. Petty. The problem is that both Mr. Schaffner and Mr. Pelikan are going to be out of town on next Monday. Mr. Pelikan said he has talked to a number of people and is awaiting a call from Mr. Houthakker who will be able to tell him exactly what they are going to do at the Monday meeting. (more) Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - August 21, 1969 He said he would call Mr. Petty and see whether by any chance he wants to comb back but he doubts he will want o. Mr. Pelikan said he would try to work it out so that someone here who has not been directly involved can at least go to the meeting and come back and tell us what went on. Mr. Pelikan said he would be back in touch probably tomorrow and let us have further intelligence. 1 - Messages for Mr. Volcker Tuesday, August 19, 1969 Wednesday, 9:10 AM - Mr. MacLaury has scheduled a meeting at 4:00 p.m. on August 20, in your office -- on "Public Facilities Bank.? Attending will be: Maury Mann (Budget), Charles Partee (FedBd), Herb Stein (CEA) and Mr. MacLaury. ON CAL. 11:40 AM - Rose called and said there will be a Presidential plane flying http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis out to San Clemente sometime on Wed., Sept. 3rd, and coming back on Sept. 5th. The White House said they didn't have times fixed yet but they will send Rose a memo as soon as schedules worked out. I told Rose you had to testify on IET the morning of the 3rd and might even have to go back in the afternoon, if the Crate. requested it, and she said she got the impression the Presidential plane probably would not be leaving until late afternoon or evening. Rose said she told Secy. Schultze's office that you would attend the meeting on oil import policy. The White House said it was up to the Treasury whether Mrs. Kennedy or Mrs. Volcker accompanied you to the Cabinet meeting. Rose said she doubted that Mrs. Kennedy would want to go if the Secy. didn't go but said shc would check this out and let us know. Rose said she hasn't received anything on topics to be discussed at the Cabinet meeting but will let us know as soon as she hears or receives anything. Messages for Mr. Volcker NOTE: August 19, 1969 - 2 - staff man (in I checked and found that Victor Mack is the . Schaffner's office) handling the oil import issue He said the Cabinet Cmte. he attended one meeting with Dr. Walker when on Oil Import Policy was set up. He said there was one other heard what meeting which the Secy. attended and he has never transpired at that meeting. In the meantime, the Task Force went to various has prepared and sent out a questionnaire which e designed to Govt. people involved and to the industry peopl that need to pinpoint the various issues, points of view, etc., be considered to arrive at a sound policy. The deadline for a further period responses to the questionnaire was July 15, and to Aug. 15 was given for rebuttals. The various submissions like 7,000 in response to the questionnaire comprise something reading and pages, which Mr. Mack has been in the process of making notes to try to sharpen up the issues. He said this was Cabinet Cmte. the first he had heard of the Sept. 4 mtg. of the way he but, fortunately, he has written a rough draft of the mind up to the sees the matter now and he had been changing his time he put this draft in writing. He calls it a rather novel a lot of other recommendation because it moves in between where people stand. e.g., Justice recommends that we do away with the are various oil import quotas and substitute tariffs, there tions, etc. recommendations from Commerce going in different direc http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 3 - August 19, 1969 Mr. Mack said he got Mr. Colman's ideas before he left and he will want to talk to a number of other people, including Mr. Petty (will probably hae to do this by phone), but he (Mack+ already has his ideas firming up pretty well and he thinks he knows what the policy should be in the best public interest. He said there are still two studies coming out of the Task Force which he has not seen, one on the balance of payments. After those are digested, the staff will have to write some kind of paper. He said that Mr. Cole is working on this from the tax angle and he (Mack) is coordinating with Mr. Cole, but you will want to have Mr. Cole present when you get briefed. In the meantime, Mr. Mack will check with the person directimg the staff work on the Cabinet Cmte. to find out what is to be considered at the meeting on Sept. 4th and will let us know what he finds out. He will, of course, be prepared to brief you at any point you wish but will let me know when he thinks he has completed the process of clarifying his thinking and talking with others and has firm recommendations. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a Messages for Mr. Volcker - 4 - Tuesday, August 19,1969 2:00 pm - The Secretary called and would like you to call him on your return from lunch. 2:05 pm - Mrs. Volcker called from the airport and said she was on her way. She also said that your moral stand cost her $4.35 (cab fare). 2:15 pm - Mr. Cole called and asked that you be given the message that a press release has been issued by the Smate Finance Committee which gives your name as Treasury witness for the hearing on September 3rd, on IET. Mr. Petty's name was not mentioned. 12:50 PM - Mr. de Kock called to ask if you would grant a short inter- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis view sometime in Sept. to Dr. P. J. Rieke et, who is the Economic Advisor to the Prime Minister of South Africa and Chairman of the Counciloof Economic Advis ers, who will be here on an official State Dept. U. S. leade rship exchange program. Dr. Riekert is a very senior official in South Africa and he would very much appreciate it if he could have a few words with you. He will be here from Sept. 5 to the 12th and the days which would particularly suit him would be Mon., Sept. 8, Thurs., Sept. 11, and Friday, Sept. 12 , but, if these days are not convisient to you, he will make himself afailable at any time you can see him. He will be seeing people like Chrm. Martin, Paul McCracken, etc. Mr. de Koch said Dr. Riekert is not here in connection with the gold issue at all; in South Africa, that is dealt with by the Messages for Mr. Volcker August 19, 1969 - 5 - Treasury and Dr. Riekert is Economic Advisor to the Prime Minister. I've asked Mr. Edmunds, in our Office of Developing Nations, to see if he can dig up any further information on this man. (8003) I told Mr. deKock that there was some possibility you might be out of town the week of Sept. 8 and I had better check with you first. 3:00 pm - Mrs. Rose, secretary to Victor ChangH, a trader in the Government Bond Division of the Harris Trust and Savings Bank, N. Y., called to arrange an appointment with you for Mr. Chang who will be in Washington on Thursday, August 21. She said he wanted to discuss U.S. securities with you. I suggested to her that he might talk with Mr. MacLaury; and she said he also had a 10:30 a.m. appointment with Mr. MacLaury. I called Mr. MacLaury to determine whether, since Mr. Chang was going to talk with him, was it necessary that he also talk with you. Mr. MacLaury thought it would be nice if you had the time -- but to put it to you. Do you wish to see Mr. Chang? YES NO If yes, shall we arrange to have him come in before or after he sees Mr. MacLaury. Your calendar for Thursday morning is clear, (Mrs. Rose: A.C. 212 425-9376) 3:30 PM - Mr. Widman said Mr. Petty asked him to talk to you about http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Okinawa and wondered if you could spare him some time for this. August 19, 1969 - 6 - Messages for Mr. Volcker Mr. Phillip Arreda, Executive 4:45 PM - Victor Mack called and said t Policy, said he Director of the Task Force on Oil Impor d for the Cmte. mtg. didn't think much preparation was neede on Sept. 4th. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis discussed: be As he understands it, three things will various (1) the crude oil supply situation in the , based on producing countries in the next 10 - 15 years y (probably CIA); intelligence reports supplied by another agenc we continue to treat (2) dipolmatic issues, such as, should e East, Indonesia, Venezuela favorably, the impact on the Middl presented by State we stand on etc./;(3) a brief report by Mr. Arreda on where of the questionnaire the report, how we are digesting the results and where we are going. personally for Mr. Mack said Mr. Arreda offered to come over he could go 15 minutes and brief you because he feels that you up to date into the background quite thoroughly and bring of the in view of the fact that you have not attended any previous meetings. Mr. Arreda suggested as possible dates for mtg. on this tomorrow late afternoon (you have a 4:00 PM clear), next Public Facilities Bank), Thursday morning (cal. ay (morning Monday (morning and late afternoon clear), or Tuesd and late afternoon clear). Following those dates, Mr. Arreda said it would be very difficult for him. As background, Mr. economics professor Mack said Mr. Arreda is a Harvard law and Messages for Mr. Volcker - 7 - August 19, 1969 who used to be with the White House and he is a very able and highly intelligent man. Mr. Mack said he wpuld like to sit in if you decide to ask Mr. Arreda to come and brief you, if you have no objection. In addition to the briefing by Mr. Arreda, Mr. Mack will need to brief you on the B/P aspects, since none of the other Cabinet officials will focus on that and will look to you as the expert in that area. Would you like to have Mr. Arreda come and brief you on next Tuesday morning (and let Mr. Mack sit in)? YES NO NOTE: Rose stopped by and left attached xerox of memo from Mr. Whitaker, Secy. to the Cabinet. 5:30 PM - Mr, Walker's office called and said William Merriam, Vice Pres. of I T & T, in charge of their Wdshington office, wanted to see Mr. Walker and bring with him Mr. de Forest Billyou, Asst. to their General Counsel in the NY office, to discuss "the intl. role of ITT foreign investments and a number of other things." Mr. Walker feels that you, rather than he, should see them and asked that we arrange an appointment. arrange one and would you like Mr. Curtis to sit in? (Mrs. Hernanz - 296-6000, Ext. 223) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis YES NO Shall I Messages for Mr. Volcker - 8 - August 19, 1969 6.15 PM - Mr. MacLaury called and wanted to speak to you but did not http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis want to interrupt:Mr, Widman's session with you and said to tell you that he spoke to Mr. Walker about the 4-1/4 and Savings Bonds and Mr. Walker said he has not spoken to Mills but has spoken to a number of others and it is his view that we are dead on the 4-1/4 for the time being but he recommends that we go for one day on Savings Bonds as soon after the recess as possible. but will do so. Mr. Walker hasn't spoken to the Secy. Messages for Mr. Volcker 9:00 AM - Mr. Kearns called. NOTE: - 1 - Monday, August 18, 1969 He asked that his call be returned. (1246) The Secretary's Dining Room is closed today. (The cook is on leave.) 9:15 AM -Dixon Donnelley stopped by to say hello -- just checking in 9:30 AM - Frank Southard of the Fund called, He asked that his call be returned. (181-3004) 9:45 AM - Mr. MacLaury called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said you had mentioned getting the investment bankers on municipal financing in to talk about URBANK9 and suggested that he might try for one day during the 1st week in September. He wanted to ask first whether you think the Secretary should be in on this meeting. If you feel it is not necessary to have the Secretary present, he will try to set it up on Tuday Tuesday, September 2 - which is the best day for you. (The Secretary will be away on Tuesday,) Is Tuesday, Sept. 2 all right? (NOTE: The Secretary will YES NO be away the eRtixR 1st wk. of Sept, to Thursday, Sept. 4, when he is scheduled to testify on tax reform at 10:00 a.m. before the Sen.Fin.Cmte0 with a possible continuation at 10:00 a.m. on Fri0,Sept,5.) Messages for Mr. Volcker - 2 - Monday, August 18, 1969 3:45 PM - Mr. Coombs returned your call from his home and is waiting to hear from you there. 5:45 PM - Rose called and said she had just talked to Cheri, whom she had asked to check out with the Secy. the conflicts on Thursday, Sept 4, when he is scheduled to testify on tax reform before the Senate Finance Cmte. and is also scheduled to be in San Clemente for an 8:45 AM meeting of the Cabinet Cmte. on Oil Import Policy and a 10:00 AM Cabinet meeting. Rose said the Secy. said he would be here that day testifying on tax reform and would like to have you attend the meetings for him in San Clemente. The Cabinet meeting on the 4th will include wives, and Rose said she would have to check with the powers that be to find out whether it would be appropriate for Mrs. Volcker to accompany you or whether MI ' A-17(170u would accompany Mrs. Kennedy to otrec -114 : 11. the meeting. Apparently there was a precedent before when a Cabinet member could not 11)1114 — attend and his Under Secretary attended but escorted the ofr Cabinet member's wife. Rose will let us know. She also 60) 10 said she would be Wilim getting information about transportation and let us know. On Sept. 4, you have 9:30 FNMA Board and Amb. Schaetzel scheduled to see you at 4:00. Have noted Oil Import and Cabinet mtgs. on cal. 5:50 PM - Mr. Donnelley called and said tot tell you they are g not http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis going to be able to get the Joe Slevin article toxtkil Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - August 18, 1969 in the mail to the Secretary tonight and tomorrow morning will be all right to get your couuilents to him. - 1 - Messages for Mr. Volcker NOTE: Friday, August 15, 1969 The Secretary's Dining Room will be closed for lunch today. (The cook is on vacation.) 9:10 AM - Mr. Kearns (ExImBank) called, He asked that his call be returned. (1246) s 11:25 AM - Mr. Deming called from New York. returned, He asked that his call be N.Y. Oper, 410 (212-422-1200) c Bank of 10:40 AM - Gene Zorn, Sr. V.P. & Economist of the Republi on Dallas, called, is in town today, leaving in late afterno for NY, and would like to see you to talk about things in general and GNMA regulations in particular. I told him you were Acting Secy. and a little pressed for time, but said He I would see if you thought you could spare some time. will be moving about so will call back after lunch. I spoke to Mr. MacLaury and he said he would be able to see Mr. Zorn if you can't see him. Shall I arrange for him to talk to Mr. MacLdury? YES NO 11:55 AM - Mr. Eggers stopped br and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he has to leave for aid he would be available until 12:30 luncheon meeting. 2093 Messages for Mr. Volcker - 2 - Friday, August 15, 1969 1:10 PM - Mr. Hirschtritt and Sam Cross wondered whether they might see you at 3:00 p.m. this afternoon about the African Development Bank letter. Your calendar is clear. 5:40 PM - Mr. Houthaker returned your call. ON CAL. (103-5026) 5:55 PM - Ed Rrndall of Mr. Widman's staff called in to say that Amb. Schaetzel (EEC) will be in Washington the week of Sept. 1st and that it looks like you will have to see him. ON MN. State was asking for a timed convenient for you on Thursday, September 4th. You have a FNMA Board mtg. scheduled from 9:30 a.m. on that day until about noon, also the Secretary is scheduled to testify at 10:00 a.m. that morning on tax reform before the Senate Finance Committie. Mr. Rendall suggested 4:00 p.m. Your calendar is clear for the afternoon -- and State is informing Amb. Schaetzel that you him km/will see ymm/at that time. (Mr. Rendall said the time would be flexible - should the FNMA Board meeting extend into the or afternoon - aid/you find that you have to appear at an afternoon session before the Senate Finance Corn. on tax reform.) CAL. NOTED. Mr. Rendall indicated that the topic for discussion probably would be "tour d'horizon:' will sit in on this meeting. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -- Either Mr. Rendall or Mr.Widman - 1 - Messages for Mr. Volcker NOTE: August 14, 1969 this morning. You wanted to be reminded to call Mr. Urfer 189 - 3853 to 12:30 PM - Joe Livingston called and said he wanted to come down Washington next week, preferably Monday and Tuesday, and make a number of appointments ;but wanted to make one with you first to fit in at your convenience. We first talked about 11:00 on Tuesday and then he said perhaps you could have lunch with him. Since Secy's dining room is closed and you have nothing on for lunch on Tuesday, I said I thought that might be best for you, as it would save you time. He said he He suggested 1:00 at the Cosmos Club. is going to do a series of articles on the intl. monetary structure but wanted to touch base with you before doing the final job. Is lunch with him on Tues. OK? YES NO Before 5:00 PM - Evergreen 2-666; after 5:00 PM - EVergreen 1-7600 3:20 PM - Maurine Brown in Mr. Maude's office called to invite you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and Mrs. Volcker to a small black tie dinner party the Maudes are giving at 8:00 PM on Tues., Oct. 7, at their home, , at which Mr. Maude's successor will be present. (More) 4 - 2 - Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis August 14, 1969 Your cal. is clear Tues., Oct. 7; you and Mrs. Volcker accepted Mr.Frank Morris' invitation to attend the conf. at Bald Peak, N. H., Oct. 8 - 10, but it doesn't convene until 8:00 PM on Oct. 8th. invitation? YES NO OK to accept the Maudes' Messages for Mr. Volcker - 1 - Wednesday, August 13,1969 9:30 a.m. - Chairman Martin's secretary called to extend the invitation to lunch at the Fed Board for Governor Robertson who will be host today. ment. Chairman Martin has another luncheon engage- Shall we accept regret Of the regular financing group, only Mr. MacLaury and Mr. Snyder are here today. on leave.) (Messrs. Carlock and Cook are In place of Mr. Carlock and Mr. Cook, shall we invite -- Mr. Rabon Mr. Weidenbaum Mr. Auten )( (Margaret Meulhaus - 147-201) --10:45 AM - Mr. Nelson called. on in the mar . Pfr _S He wants to let you know what is wing (2884) 10:50 AM - Rose said Chancellor Jenkins has confirmed the 4:00 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis meeting with Secy. and working dinner on Sept. 23rd. You wanted to call David Rockefeller when this was firmed. August 13, 1969 Messages for Mr. Volcker 4:00 FM - Miss Diane Henry at local NY Times office called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis they have a ltr. from Clyde Farnsworth, their economic correspondent in Brussels, saying he will be in Washington the week of Sept. 8 and would like an appointment to see you. He did not indicate what he wanted to talk about. I will check this out with Mr. Donnelley's shop but I feel sure they will say you should see Mr. Farnsworth. do, are you willing to see him? YES NO (293-3100) If they Messages for Mr. Volcker - 1 - Tuesday, August 12, 1969 10:00 a.m. - Dr, Walker's office informed us that he has a luncheon engagement outside oLTteasury and will not attend the closed luncheon in the Secretary's Dining Room today. Pending calls: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Andrew Knight, of London Economist - 783-5753 Did you evert take carp o,f Mk. Urfer and the meeting he wanted to have? / You had wanted to call Jack Noyes at Morgan Guaranty but I don't think you ever did. You said you would call David Rockefeller to shove up the timing of your talk to the Chase Intl.. Advisory Cmte. luncheon so you can get back for Secy's 4:00 PM mtg. with Chancellor Jenkins on Sept. 23rd. (see attached) Messages for Mr. Volcker - 1 - Tuesday, August 12, 1969 10:00 a.m. - Dr. Walker's office informed us that he has a luncheon engagement outside of Treasury and will not attendsthe closed luncheon in the Secretary's Dining Roam today. Pending calls: Andrew Knight, of London Economist - 783-5753 Did you evert take care of Mr. Urfer and the meeting he wanted to have? You had wanted to call Jack Noyes at Morgan Buaranty but I don't think you ever did. You said you would call David Rockefeller to shove up the timing of your talk to the Chase Intl.. Advisory Cmte. luncheon so you can get back for Secy's 4:00 PM mtg. with Chancellor Jenkins on Sept. 23td. (see attached) 1:00 pm - Mr, Nelson returned your call. (2884) 2:05 pm - Mr. Cole asked that you be given the message that the House passed the IET extension to Sept 30. 2:30 PM - Rose called and said Secy's Staff Mtgs. will be changed http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis permanently from Wednesdays to Fridays from now on out. Rose would like to know if you wish to chair the staff meeting this coming Friday, when you will be Acting Secy. YES NO If you do not wish to chair, she needs to notify people that this Friday's meeting is cancelled. Messages for Mr. Volcker - 2 - Tuesday, August 12,1969 3:30 pm - Mr. Willis has asked that we put a "hold" for 4:30 p.m. on Thursday, August 14, for a Volcker Group meeting. ON CAL. 3:55 pm - Mr. Weatherbee's office has informed us that the Secretary's Wednesday, Dining Room will be closed starting tomorrow,/August 13 through Wednesday, August 20. The cook will be on vacation. CAL. NOFED. NOTE: Mr. Willis later called and asked about your cal. on Wednesday afternoon at 4:30 and, when I said it was clear, said he thought he would shift the Volcker Group meeting to Wednesday because more people were afailable then. 4:45 PM - Eric Heineman of the NY Times called and would like to speak to you about the problems that appear likely to be created by the very large flows of funds into Treasury securities as a result of the Alaskan oil leases. He had evidently read the American Banker article as he said they were trying to figure out what the special arrangements might be. He would like you to call him. 556-7193 4:50 PM - Mr. Maude's secy. called and said he would like to come http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and see you sometime tomorrow afternoon i f possible -she mentioned he was going off, so I assume this is sort of a farewell call. I gave him 3:30 tomorrow. - 1 - Messages for Mr. Volcker Monday, August 11 1969 n and Governor 9:00 AM -- The Secretary has invited Chairman Marti Robertson to lunch at Treasury today -- both have accepted. will Mr,. Weatherbee's office has been informed that you lunch in the Dining Room today also 9:30 AM - Joseph Barr called. He said that Speaker John W. McCormick that he see him had called him on Saturday and suggested today on the devaluation. He had thought he would talk with you to see what you had to say about it. I told him you he then asked for) were on the Hill (and also Mr. Petty, whom Nelson --and his and suggested that he might talk with Page call was transferred. 9:35 AM - ation Assoc. John Coughlin of the Treasury Department Recre ury Saturday, August 16 has been designated as Treas baseball here -- and the Day for the/haiigamia game at JFK stadium called. ball. Secretary had been scheduled to pitch the first With is appealing the Secretary away now on that day, Mr. Coughlin to you to perfafm the feat. (Flyer attached). You will calendar be Acting Secretary on Saturday, August 16, and your is clear. (5226) rce called 9:45 AM - Richard Urfer of Comme http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be returned. (189 -3853) He asked that his call Messages for Mr. Volcker - 2 - Monday, August 11, 1969 2:10 pm - Mr. MacLuFy stopped by to say that you wanted to be reminded YffRxyou/do something about Alaska. 3:35 pm - Mr. MacLaury called. He asked that his call be returned. (5848) 3:40 PM - Andrew Knight, of the London Economist, called and said he missed mp your press briefing on Saturday and has a couple of wue questions he'd like to ask you over the phone. 783-5753 3:50 PM - Mr. Webster called and said he checked with Wieczorowski on RR his salary and he made $80,000 last year and expects to make $100,000 this year, so Mr. Webster thinks we are going to have to give him the $35,000. 5:15 PM - Mr. Leprette, the Charge at the French Embassy in Amb. Lucet's http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis absence in Paris, called and said he had a letter from Amb. Lucet asking him to invite Secy. Kennedy and you to lunch on either Tues,, Sept. 30, or Wednesday, Oct. 1st, to meet Mr„ Giscard d'Estaing. He said he had conveyed this invitation' to Secy. Kennedy and wanted you to know that the Ambassador would be extremely happy if you could attend. He said it would be a very small luncheon -- just d'Estaing, Secy. Kennedy, you, and the Ambassador. I checked with Rose, who said Leprette had called her about this last week and had followed up with a letter which she received today. She said she was going to to talk to Mr. Widman about it tomorrow. Mr. Widman that you also had been invited. I asked her to tell The imm French lunch would undoubtedly have to be on Wednesday, Oct. 1st, Messages for Mr. Volcker August 11, 1969 - 3 - if the Secy. approves hosting a lunch for the Latin Americans on Tuesday, Sept. 30th. The memo on the Latin American lunch didn't get to the Secy. before he left because Mr. Willis wanted Ralph Hirschtritt to see it and initial after you had approved before it went to Secy. I asked Rose how she was planning to handle such clearances with Secy. and she said by phone. I understand from Rose the Secy.'s plans after XI Thursday are not fixed -- he will probably visit some friends for a couple of days, go fishing, and she knows not exactly what. A Secret Service agent is going to keep Rose informed of the Secy's movements and where he can be reached. 5:50 PM - Evelyn Thompson, of the Senate Finance Cmte. called and said the Cmte. has set a hearing for Wednesday, Sept. 3rd, on the IET and would like both you and Mr. Petty to testify. She said it has something to do with Javits and something that came up on the floor of the Senate today -- she wasn't sure just what. I asked her to let us know when she got more intelligence as to what it is all about. She asked me to inform Mr. Petty and I have done so. 6:00 PM - I reached Mr. Coombs at the Madison and he checked with Mr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Hayes and said Mr. Hayes would have not objection to having a few others, like MacLaury and Nelson, at the lunch tomorrow. Coombs called back after a few minutes and said Mr. Hayes wondered if it would be all right for Mr. Sternlight to attend Messages for Mr. Volcker the lunch tomorrow. - 4 - August 11, 1969 Shall I invite Messrs. MacLaury and Nelson to the lunch (anybody else -- Willis? - Petty?) and tell Mr. Coombs it is okay for Mr. Sternlight to attend? YES NO 6:20 PM - Andrew Knight, of London Economist, called again and would like to speak to you on the phone. NOTE: 783-5753 D n Jorgenson called this afternoon and I gave him 2:30 on Wednesday. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On cal. Messages for Mr. Volcker - 1 - Saturday, August 9 1969 Mr. Enders called with the message from ary ret sec ' ers End Mr. 1:30 Pm ng develops he will be away that unless something exciti ' available -- and also, Mr. Enders next week. Phil Trezise is Heginbotham. 101-21114. office is in the hands of Mr. He referred ator Javits' office called. Sen of aar mbh Kru rge Geo pm 2:00 which ator had talked to you about to the letter which the Sen s ary Kennedy, and said that thi he wanted to send to Secret http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ivered and should reach you letter is now ready to be del . about 3:00 p.m. this afternoon MESSAGES FOR MR. VOLCKER - 1 August 8, 1969 REQUESTS FROM THE PRESS TO TALK TO MR.VOLCKER ABOUT FRENCH FRANC 2:55 PM - Dick Janssen, 783-0164 3:20 PM - Ed Dale - ME 8-3016 4:05 PM - John Graham, London Financial Times - 347-4920 4:20 PM - Hobart Rowan - 223-6000, Ext. 396 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker _ 1 _ Friday, August 8,1 1969 9:15 AM - Mr. W2atherbee's office has been informed that you will have lunch in the Secretary's Dining Roam. 9:30 AM - Mr. MacLaury asked that the message be given to you -- in 11:00 a.m. connection with your/visit to Senator Javitz -- that Gene Knorr had a call from one of the Senator's staff, saying that they think they know about a Board of Governors' study of the effects of the IET on bank loans and they are asking for that study. Mr. MacLaury is checking with Bob Solomon on this now and expects to have some word before 11:00 a.m. Mr. MacLaury 'max later gave us attached copy of the Fed. study, which is apparently Schaffner's copy, and said it is not marked confidential but is an internal staff paper and the problem is that it says removal of the JET will not increase bank loans. Mr. MacLaury apparently feels the best way to handle this is to wait and see how you come out in your interview with Javits before deciding what to do about this study. NOTE: Hargrove & co. will be here at 3:30 today to talk to you and Mr. MacLaury about the post office bill. MacLaury advised. 10:15 AM - Bob Bethke called and would like to speak to you sometime http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis today about future financing. NYC 943-4400. Messages for Mr. Volcker - 2 - August 8, 1969 10:50 AM - Rose Cicala called and said you asked if Secy. had arranged to see Chancellor Jenkins on Sept. 23rd. She said the Secy. had arranged to see Jenkins in Secy's office at 4:00 on Tuesday, Sept. 23rd, and was also going to host an informal, stag, working dinner for Jenkins on the night of the 23rd. You are to be at David Rockefeller's office at Chase at 12:30 on Sept. 23rd to speak at his Intl. Advisory Cmte. luncheon. Presumably, the earliest plane back you could catch would be the 3:30 American flight, getting in to Natl. at 4:35, which would put you at Treasury perhaps a bit before 5:00. 11:00 AM - Mr. Petty returned your call. 12:15 PM - Mr. Auten's office called and said you had wanted to see him this morning and he was delayed in getting in but now expected to arrive at his office around 1:30 and will be available whenever you want him on the phone or in person. 12:18 PM - Page Nelson called and said he has something he needs very urgently to talk to you about just as soon as you return. 1:20 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 3:30 pm Mr. Willis has suggested that we put a "hold" on/tPatO p.m. this afternoon for a Volcker Group mtg. -- ON CAL. Messages For Mr. Volcker - 3 - Fridayl_Au.,lust 8,2_1969 ped by and asked to see you 4:30 pm - Maurice Donegan of the FBI stop Dale. I explained that for a couple of minutes about Bill htm this afternoon and he you would be unable to talk with ay when you are free. suggested that we call him on Mond (175-756) ing , Commerce, called about the meet 5:45 pm - Mr. Urfer, Director, OFDI tomorrow. He is leaving his you had spoken of with him for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis him at office and suggested that we call home -- meet with him. this evening as to whether you wanted to (I had explained that you were with the Secrwtary.) -- - 1 - kiissages for Mr. Volcker Thursday, August 721969 9:10 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Roam today. 10: 20 AM - Mr. Eggers called. He asked that his call be returned. (2094) 10:25 AM - Mr. Hirschtritt called and would like to speak to you on the phone. 2803 12:20 PM - Mr. MacLaury called and said the fellow whose resume you have -- the Grade 15 -- is getting itchy about making some kind of job arrangement and Mr. MacLaury wondered if you had had time to think any more about this. 3:10 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Widman called and asked that the message be passed on to you that Thomas Hughes, Director of Intelligence and Research at the State Department will be leaving for London toward the end of August to assume the position of Deputy Chief of Mission -- he will be the operating head of the Embassy. Mr. Goldstein of State wonders if it would not be useful for you to x meet with Mr. Hughes briefly before he goes -- and Mr. Widman thinks this is a good idea. If you agree, Mr. Widman will let Mr. Goldstein know; and he suggests that we then contact Mr. Hughes directly to work out a time - and inform Mr.Widman when this has been done. Is it all right to inform Mr. Widman that you will see NO YES Mr. Hughes? (and then arrange the appointment for Mr. Hughes) OTHER (2896) 4 Messages for Mr. Volcker - 2 - Thursday, August 8,1969 3:50 PM - David A. Nelson, General Counsel of the Post Office Depart ment, called. He asked that his call be returned. (177 - 8261) 4:30 FM - Mr. MacLaury called to say that he still needs tdconfirm to the Post Office Committee of the House that you will testif y before this Committee at 10:00 a.m. on Monday, August 11 -and inform them also as to who will be accompanying you. (5848) -- Congressman Dulski is Chairman of this Committee. 5:50 PM - Mr. Cole called and said they expedited the IET bill thru http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis enrollment and it is now in the Senate. Also he was calling to confirm that the Senate Finance Cmte. will be meeting on the IET at 10:00 AM on Monday and your presence is requested on a standby basis to be called in as needed. I asked if you needed to have a prepared statement and Mr. Cole said he didn't think so -- that you had done such a splendid job in the House he didn't think so. I brought Mr. Cole up to date on my efforts to arrange appointments for you to see Senators Magnuson and Javits tomorrow (I haven't yet heard from Javits' office but was koixtatimai* given 9:30AM tomorrow for you to see Magnuson's asst ,Jerry Grinstein). Mr Cole said Mr. Vail says the real problem is Magnuson. Realizing the conflict with the two hearings on Monday at 10:00,1 called Mr. MacLaury to alert him. He said you knew about this possible conflict and know that if you decide to let the IET take priority, then you have to testify tomorrow Messages for Mr. Volcker - 3 - morning on the Post Office bill. to decide. August 8, 1969 He said it was up to you He said he would wait to hear what you decide. 6:50 PM - Mr. Donnelley called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 5252 Aessages for Mr. Volcker - 1 - Wednesday, Aug_.6,1969 9:20 AM - Chairman Martin's secretary called to extend the usual invitations to lunch at the Fed Board. She said Governor Robertson will host, since the Chairman has another luncheon engagement. Is it all right to accept? and extend invitations to: * NOTE: YES NO Mr. *Mr. Mr. Mr. MrT * Mr. MacLaury Weidenbaum ? Snyder Carlock Goek-(on leave) Auten (for Mr.Carlock) ? Mr. Carlock was contacted for availability and he said that ii you wished him to go he would -- otherwise he has a number of matters to be taken care of. Mr. MacLaurii has suggested a inviting Mr. Weidenbaum since Mr. Cook is away; he has also suggested that we invite Mr. Auten if Mr. Carlock does not attend. 11:30 AM - Mr. Bergsten calle and would like you to call him. 103 - 5026 3:30 PM - Mr. Willis called to sa9 that Bill Dale had a conflict on Friday afternoon - Willis has scheduled the Volcker Group meeting for Thursday, August 7, at 3:00 p.m. instead. (ON CAL.) 4:15 PM - Mr. Webster called and said Mr, Robert Wieczorowski, the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis prospect for the World Bank Job, could come to Washington to be interviewed this Friday if you and Mr. Petty were able to see him then He suggested afternoon so Mr. W. Messages for Mr. Volcker - 2 - August 6, 1969 would be able to fly in in the morning. Mr. Petty has to be at Commerce for some Stans ceremony at 2:50 PM on Friday, so we've set it at 2:15. Mr. Webster will confirm as soon as he reaches Mr. W. and firms these arrangements. 4:25 PM - Mr. Nelson called and asked when he might see you. I explained your schedule and he asked to be put on the list to see you when you are finished with Mr. Petty. 5:30 PM - Mr. Cole's office called to say that he amixMxx would like http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to see you and Mr. Petty on IET strategy about 6:30 p.m. this evening - or at a time that might be convenient for you. Is it all right to set the time at St 6:30 p.m.? Your calendar is clear. YES NO Messages for Mr. Volcker August 6, 1969 - 2 - ning. would be able to fly in in the mor Mr. Petty ns ceremony at has to be at Commerce for some Sta at 2:15. 2:50 PM on Friday, so we've set it Mr. reaches Mr. W. and Webster will confirm as soon as he firms these arrangements. ed when he might see you. 4:25 PM - Mr. Nelson called and ask ed to be put on the I explained your schedule and he ask ed with Mr. Petty. list to see you when you are finish e that he amixMxx would lik say to led cal ice off e's 5:30 PM - Mr. Col 0 p.m. on IET strategy about 6:3 to see you and Mr. Petty t for e that might be convenien this evening - or at a tim you. time at R 6:30 p.m.? Is it all right to set the Your calendar is clear. NOTE: YES NO to say that Austrian Amb. The Austrian Embassy called today could attend a dinner he will Gruber whanted to find out if you t. 29, in connection with the be giving at 8:00 PM on Monday, Sep Bank-Fund meetings. king I explained you had to attend a wor was hosting (for Mins. & Govs. dinner that evening that the Secy. iation and regrets. of G-10) and expressed your apprec NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis oon and asked if you were going Pete Nagan called late this aftern could see you. I gave him 12:00 M. to be around tomorrow and if he - 1 - Messages for Mr. Volcker Tuesday, August 5, 1969 us that reservations for 10:00 am - Mr, Trued's secretary has informed coday St., and lunch/have been made at the Sans Suuci, 726 - 17th p.m. (ONtAL.) he has suggested that you meet him thereat 1:00 NOTE. confidential Mr. Eggers' office called to remind that your cial interests supplementary statement of employment and finan for his review is supposed to come to him in a sealed envelope (see attached). On inquiry, I was told that you had filed which I assume an initial statement when you came to Treasury Mr. Weatherbeo handlel. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1 Messages for Mr. Volcker Monday, August 4, 1969 the called to invite you to attend a 9:00 AM - Mr. Weatherbee's office issioner of Customs, in swearing in of Miles Ambrose as Comm Tuesday, 02a, August 5.--ON CAL. Room 4121, at 12:00 noon tomorrow -/10 has been informed that you will have 9:05 AM - Mr. 14,!atherbee's office today. (No Fed lunch at lunch in the Secretary's Dining Room Treasury today.) ce at the White House called 9:10 AM - Mrs. Ingersoll of the Social Offi on to you to extend the President's and Mrs. Nixon's invitati at 10:00 p.m. ollowing the and Mrs. Volcker to attend the entertainment/(f ing, August 7, dinner) for Chancellor Kiesinger on Thursday even at the White House. NOTE: This is Black Tie. Hampshir This invitation had been sent to you to the New Avenue Treasury /address. Mrs. Ingersoll is forwarding it on to hwest This will contain an admittance card for the sout gate. Your calendar is clear. YES Is it all right to accept? NO (RSVP -- Mrs. Ingersoll, 145 - 2511) REMINDERS: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Call Peter Gilsey - 298-7830. Call Jack Noyes - Morgan Guaranty. Messages for Mr. Volcker - 2 - Monday, August 4, 1969 1:40 PM - Mr. MacLaury called to inquire whether you had gone over Mr. Nelson's "suspension" paper, or would you be free to talk with him and Mr. Nelson about it this afternoon. (5848) (This was a paper given to you one day last week.) When we asked about the urgency of this, Mr. MacLaury said the only urgency was that Page Nelson is going on vacation next week and, if there is any redrafting to be done, the sooner Mr. Nelson knows it the better from his standpoint. 2:40 PM - Bill Dale called and said if it is feasible sometime before Wednesday, he would like to have a little better guidance as to what the Fund t should say in its Annual Report about exchange rate flexibility. He commented that he didn't know whether you were planning any Volcker Group meetings any time soon. 181 - 3067 3:15 PM - Gene Knorr, Deputy Spec. Asst to the Secretry, called to say that the 6-month extension of the surtax passed the House by a vote of 237 to 170. 3:20 PM - Mr. MacLaury called and said you had asked Spence Marsh to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis check on the status of three people as possible advisor to Alaska. Mr. Marsh reports that Bob Rouse is completely free; Spencer is a limited partner with Salomon Bros. and not active but Salomon Bros. is competing for the Alaskan business; Pfeffer is a limited partner with Smithers and is active. - 1 - Messages for Mrc Volcker Friday, August 1,19692 . (He He asked that his call be returned 1:05 PM - Bill Dale called. pm,) will return from 1pth about 2:15 (181 - 3067) elian's office called to request 3:15 PM - Mrs. Atcheson in Dr. Dani you sometime between a half an hour appointment for him with . now and August 13th, preferably next week He will be leaving addressing a conference for Europe on August 14th and will be ers of U. S in Brussels in September, at which memb firms ndance; he would ilk* having interests abroad will be in atte like to talk to you about this. (783-2787) YES Are you willing to see him? 1406) NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis going to set up a meeting with Mr. Weidenbaum said you were esday some time and Mr. Mr. Cohen next Tuesday or Wedn l that he has a 10:30 second leve Weidenbaum wanted me to know and a 10:00 AM meeting on the Troika on one of those days or at least up tii until 11:30 other day, so both mornings, so, are bad for him. Reuss You are testifying before the Subcmte. on Wednesdayx morning. a meeting with Mr Would you like me to set up Tuesday or Cohen, if he's available, on Wednesday afternoon? aury? Anybody else involved -- MacL YES NO Messages for Mr. Volcker - 2 - August 1, 1969 3:55 PM - Mary Harris called and asked if you were going to be here Aug. 20 - 23. She said a Lebanese friend of the Secy.'s has written saying he will be here at that time and will availa himself of the mi opportunity to see the Secy. and bring a friend with him to introduce to the Secy. He said he wants to talk about Middle and Far Eastern affairs, oil concessions and continental oil countries. Mary said Mr. Petty is going to be on vacation at that time and she has to write a letter for Secy's signature saying he is sorry he won't be here but that you or somebody will see him. I suggested 3:00 PM on Thursday, Aug. 21, to Mary and have put a hold on that time. She will send us the correspondence after Secy. has seen and signed. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 4 - 1 - Messages for Mr. Volcker Thursday, July 31, 1969 you will have 9:10 AM - Mr. Weatherbee's office has been informed that lunch in the S?cretary's Dining Room today. He would like to see you for a few 9:15 AM - Mr. Cole stopped by. minutes on your return.(5'cO) that you be given tie message 9:20 AM - MR. Roosa called and asked d the meetings -that he was terribly sorry to have misse outcome of the that he wanted to congratulate you on the cing terms was SDR's -- and your handling of the finan excellent. before taking This is his last day in the office off for his vacation. He expects to spend most of the time in Michigan with his mother. 9:45 AM - Mr. Deming called. He asked that his call be returned. (N.Y. Oper. 410 - HA -2-1200) like you to call him. 10:15 AM - Mr. Ed Bernstein call d'and would 296-2262 10:20 AM - Bill Dale called and, when there is a chanceopuld like to talk to you on the South African thing. 181 - 3067 11:00 AM - Peter Gthlsey called. He asked that his call be returned. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (298-7830) Messages for Mr. Volcker - 2 - July 31, 1969 to talk to you about the market. 10:45 AM - Bob Bethke called and wanted said they were going I asked how things were going and he et reaction is up in great, it was a nice package, the mark market, tha rights price in all sections of the Treasury are par bid, 2/32 are par bid, when issued securities premium. His number in NY is Whitehall 3-4400. ican Life Insurance Assn., said 11:10 AM - Ken Wright, of the Amer http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Washington next week, to tell you he is going to be in be in meetings all arriving late Monday night and will over Tuesday night and day Tuesday, and he plans to remain might be free to wondered whether you and Mrs. Volcker t. have dinner with him on Tuesday nigh I mentioned that said he is flexible on you often have to work late and he at the Hay Adams and maybe time and said he would be staying you and Mrs. Volcker the easiest thing would be to have go on from there. join him there and then you could excepting the Secy. is Your cal. is clear next Tuesday, on the Sequoia that having another Congressional cruise don't know whether you evening starting at 6:15 and ;I last moment or not -might be pulled in on this at the nge these things. I don't understand how they arra With to you wish to: respect to Mr. Wright's invitation, (NYC 922-3470) 104 )( PT ACCE REGRET Messages for Mr. Volcker - 3 - 11:30 AM - Mr. Gilsey called you. July 31, 1969 He said he was at another number - 783-7900. 1:00 PM - Mr. MacLaury said Mary Harris called and said she had had a call from Mrs. Britt in Senator Stevens' office (Alaska) asking for an appointment with the Secy. for ; the Commissioner of Revenue of Alaska, George Marshall, about the oil lease sales. Mr. Marshall will be in town tomorrow and on Monday but would prefer an appointment for tomorrow. Mary said the Secy. would not be able to see Mr. Marshall, and Mr. MacLaury said he thought you would want to see him, Mr. MacLaury said you were up to date on the oil lease sale problem. Your cal. is clear tomorrow except of for 12:30 lunch with 4IcNamara. OK to set up an appointment for Mr. Marshall? YES NO Mr. MacLaury said ;you might want to have Mr. Carlock and and perhaps himself (MacLaury) sit in when you see Mr. Marshall. OK? (Mrs. Britt - 180-3004) YES NO 1:25 PM - Mr. Willis has scheduled a Volcker Group mtg. for 211. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis this afternoon in your office. (ON CAL) 2:15 pm Messages for Mr. Volcker NOTE: - 4 - July 31, 1969 When I called Senator Stevens' office, his secy., Mrs. Britt, said the name of the Cmr. of Revenue of Alaska was George ,Morrison (not Marshall) and she wasn't sure what had transpired in Mr. Morrison's conversation with the Senator by phone (Morrison has called from Seattle, apparently en route to Washington) so she didn't know what time he would be arriving in Washington but she suggested we make it late Friday afternoon, to be on the safe side, and said she assumed Mr. Morrison would be calling then when he got in in the morning and she would confirm the time to us. I suggested 4:30 tomorrow but said we could make it another time if that weren't convenient. Mrs. Britt said the Senator had to rush off to the floor of the Senate right after the call and had asked her to make an appointment for Mr. Morrison on Friday or Monday and said that Mr. Morrison now has about $1 billion from the sale of oil leases and wants to talk to the Treasury about how to invest it. I have conveyed all of this to Messrs. MacLaury and Carlock. On cal. 4:00 PM - Merlyn Trued called to invite you to have lunch with him on Tuesday, August 5, at 1:00 p.m. (probably at the Sans Sauci, 726 17th St., N.W.). YES NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Your calendar is clear. NO Do you wish to accept? (382-7238) Mr. Trued has left his office for the weekend and will return on Tuesday morning. He suggested that we call then to con- firm, if this is all right with you. Messages for Mr. Volcker NOTE: July 31, 1969 - 4 - When I called Senator Stevens' office, his secy., Mrs. Britt, said the name of the Cmr. of Revenue of Alaska was George Morrison (not Marshall) and she wasn't sure what had transpired in Mr. Morrison's conversation with the Senator by phone (Morrison has called from Seattle, apparently en route to Washington) so she didn't know what time he would be arriving in Washington but she suggested we make it late Friday afternoon, to be on the safe side, and said she assumed Mr. Morrison would be calling then when he got in in the morning and she would confirm the time to us. I suggested 4:30 tomorrow but said we could make it another time if that weren't convenient. Mrs. Britt said the Senator had to rush off to the floor of the Senate right after the call and had asked her to make an appointment for Mr. Morrison on Friday or Monday and said that Mr. Morrison now has about $1 billion from the sale of oil leases and wants to talk to the Treasury about how to invest it. I have conveyed all of this to Messrs. MacLaury and Carlock. On cal. 4:00 PM - Merlyn Trued called to invite you to have lunch with him on Tuesday, August 5, at 1:00 p.m, (probably at the Sans Souci, 726 17th St., N.W.). YES NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Your calendar is clear. NO Do you wish t (382-723,8/ ept?(r. //g irfgA pa' / #1, / 110-T 0' 1 Mr. Trued has left his office for the weekend and will re on Tuesday morning. He suggested that we call then to con- firm, if this is all right with you, 5:15 PM Thursday, July 31, 1969 - 5 - Messages for Mr. Volcker Assistant Postmaster General James M. Hargrove called. asked that his call be returned, He (177 - 8223) 5:30 PM - Mr. Rossides stopped by and said to ask if you and Mrs. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis would be interested in going to the Redskins - Chicago Bears exhibition football game at Kennedy Stadium this coming Saturday night -- pageantry at 7:00 and the game at 8:00 PM. He said he was lucky enough to get some tickets -- and indicated they are very difficult to get -- and said Mr and possibly Mrs. Walker are going, and Mr. Eggers, Mr. Cohen, and Mr. Rossides and his wife, and they'd be glad to have you and Mrs. Volcker use the two remaining tickets if you're interested. If you're not really interested, please say so, and he'll use the tickets for some people on the Hill. He'd like an answer tomorrow morning so he'll have time to invite someone else if you're not interested He said he wculd 4ot be here tomorrow morning but will leave instructions with his secy. what to do in case you aren't interested in using the tickets. Your cal. is clear -- unless Mrs. Volcker has something'planned. Do you wish to: ACCEPT REGRET Messages for Mr. Volcker - 1 - Wednesday, July 30, 1969 a meeting ed an invitation to you to attend 9:45 AM - Mr. Cole has extend . tomorrow (Thursday, July 31) in he has arranged for 10:00 a.m arriving at ustry for the purpose of/an Room 4121 with the securities ind is passed. interim procedure until the IET Attending will be Revenue Service people; someone Mr. Colman and staff; Internal resented by about 6 or 7 from SEC; and industry will be rep al of about 35 or 40 people. different companies -- for a tot Your calendar is clear. attend? YES l Is it all right to tell him you wil NO found and said Mr. Newman called Rome and 12:10 PM - Mr. Willis called ing from the country today that Mr. Ossola will not be return Bank tomorrow. as expected but will be back at the REMINDER: You wanted to call Robert Cooney. NYC 344-0700 is afraid we d by and said to tell you he 3:00 PM - Mr. Webster stoppe t. Secy. Kingman. He is now Deputy Ass have lost out on Woodward http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis sident , Deputy Cmr. of FHA, and Pre of HUD for Mortgage Credit of GNMA! sx Wieczorski, Don Rumsftheld Eay Mr. Webster said on Robert ster will contact Wieczorski gives a superb report and Web on next week. after he gets back from vacati He said the t someone to office with a Administration needs to appoin s ld be a feather in Treasury' Polish background and it wou czorski. cap if we could appoint Wie Messages for Mr. Volcker - 2 - July 30, 1969 4:45 PM - Peter Gilsey, of Loomis Sales, called and would like you to call him. 298-7830 7:25 PM - Mr. Cohen called again and said to ask you if you know http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis anything about the problems of the Production Credit Assn. Mr. Cohen says he knows nothing but Wilbur Mills asked him today if we in Treasury knew anything about a request from the Production Credit Assn. that, when they became taxable organizations, they wanted to get a bad debt reserve similar to the banks. Mr. Cohen says he knows nothing about it and it would seem to him it is unimportant since the 2.4 percent reserve for banks has been eliminated from the bill. If you can give him any guidance on this when you call him bank, he will appreciate it. - 1 - Messages for Mr. Volcker 12:35 PM - Stanley Wilson of Business Week called. Tuesday, July 29,1969 He said he would like to talk with you over the telephone about the SDR agreement and asked that his call be returned. (RE-7-6630) caught you on the way out 12:45 PM - Mary Ann Allin called and said she House on of the building about the letters to the White necessary Bill Dale and Henry Costanzo to ask if all the checks had been made. She said you said you had to check Costanzo for State about this -- she assumed you meant about noon. IADB -- and you wanted to be reminded this after Webster an I asked her if Mr. Cooney had ever given Mr. answer. but She said she didn't know how the answer came his present apparently Mr. Cooney doesn't feel he can leave of the depressed firm any earlier than December, both because his leaving state of the market and the possibility that also because of on short notice might harm his firm, and some family problem. She said she didn't know if you knew case. this or not so I said I'd pass in on just in She said ne sooner than she thought you felt you needed to get someo December. to see you on the You will recall that Mr. Webster wanted 2:10 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis said it wasn't urgent. World Bank but knows your financing and you wanted to call Mr. Willis stopped by to remind you that Ossola today. (He suggested that we let him know when you do.) July 29, 1969 - 2 - Messages for Mr. Volcker 3:30 PM - Miss Robertson at the Australian Embassy called to invite you and Mrs. Volcker to an informal film screening and w 61k buffet supper by Mr. and Mrs. Gordon Low (Financial Minister) at the Embassy, 1601 Mass. Ave., N. W., at 6:30 PM on Tuesday, Aug. 12. Cal. clear. 797-3281 ACCEPT REGRET 3:35 PM - Preston Martin's secy. called to invite you to the swearing-in of their new Democratic member of the Board, Thomas Clark, at 4:30 PM tomorrow in Rm. 831 of the Home Loan Bank Board, 101 Indiana Ave., N. W., and to the reception to follow at 5:00 PM in the Letter Carriers Auditorium at 100 Indiana Ave., N. W. I told her I wasn't sure you could come because you had to have a press backgrounder. Will note on cal. (We don't have to let them know whether you're cothing or not.) 4:20 PM - Bob Solomon called (he wasn't available when I tried to get him for you earlier). If you want to call Mr. Cooney this afternoon, you'll have to do it soon, since Messrs. Dale & Oliver are due at 4:45 and you're due on the Hill at 5:13. Mr. Dale's secy. just called to ask if 4:45 was still all right. 5:15 PM - The Secretary's Staff Meeting for tomorrow (Wednesday, 7/30) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis has been cancelled. None will be scheduled for this week. (CAL. NOTED) Messages for Mr. Volcker - 1 - Monday, July 28, 1969 9:15 AM - The Secretary does want a Fed lunch today. is away; Gov. Robertson has accepted. Chairman Martin I have informed Mr. Weatherbee's office you will lunch in the Secretary's Dining Room with the Secy. & Gov. Robertson. (ON CAL.) 9:55 AM - Bob Bethke called and would like to tell you about a new idea he has for the financing. Whitehall 3-4400. 10:15 AM - Bill Dale asked that you be given the following message sent by him out of the Board meeting this morning: The Belgians have notified the Fund of their acceptance of (thi came in over the weekend) the SDR's/--sand the percentage has now reached 807. ••••• "We now have the required majoriti es. BEENXXRHER The actual entry into force occurs at the time of the formal communication by the Fund to all members, informing them that the required acceptances have been received. That communication will be sent tomorrow and so the amendment will enter into force tomorrow." 10:55 AM - Mr. Dale sent a second message out of the Board mtg. for http://fraser.stlouisfed.org/ 4 Federal Reserve Bank of St. Louis transmission to you as follows: "Amendment in news to Volcker. The Board just decided to immediately send out the communicatio n to members. Accordingly, the amendment enters into forc e today -not tomorrow. afternoon." The Fund will issue a press release this - 2 - Messages for Mr. Volcker Monday, July 28, 1969 11:10 AM - Mr. MacLaury has set up another meeting of the financing group at 3:00 p.m. this afternoon (Monday) in Room 3312. Messrs. MacLaury, Carlock, Spyder, Cook and Gang. Attending: -- ON CAL. 3:00 PM - Mr. Roosa's secretary called and asked that you be given the message that he is very sorry he will be unable to attend the financing meeting tomorrow. He has had to cancell all arrangements because his mother is quite sick and he may have to leave for Michigan. NOTE: (Mr. MacLaury advised.) Peter Jay called this morning and said he was going out of town for about a month but would like to make an appointment to see you sometime in the first two weeks in September. I gave him 11:00 AM on Friday, Sept. 5, but warned him that it was risky trying to set an appointment that far in advance. He said he realized that but wanted to get something pinned down at least tentatively. If you don't want to see him when the time comes, we can find some excuse. Mr. Stith advised. On cal. 3:30 PM - Covey eitim Oliver, U.S. Director at the World Bank, called. He had tried to reach Mr. Hirschtritt, but found he was on leave. I suggested that he might talk with Mr. Colman who would be familiau with any matter he might wish to discuss with Mr.Hirschtrt http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 She said Mr. Oliver had had a conversation with Mr. MacNamara which he would prefer to discuss with you. (181 - 2776) - 3 - Messages for Mr. Volcker Monday, July 28, 1969 called. 4:25 PM - Murray Seeger of the Los Angeles Times He would like l Year Statement issued to talk with you about the Treasury Fisca today. suggested that I told him that you were in a meeting and ey. he might talk with Mr. Donnelley or Mr. Bruml would prefer to talk with you. He said he (296-1440) about the World Bank some time 4:10 PM - Don Webster would like to see you was not at all when you can spare a few minutes -- he said it urgent. 8484 5:35 FM - Bob Solomon called. He saidxkm asked that his call be returned to speak and said Tuesday morning was fine if you were unable with him this mximingx afternoon.s(147 -238) Vail is 5:50 PM - Mr. Cole called from the Hill and said to tell you Tom http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis very doubtful but will let Mr. Cole know sometime tomorrow. Vail appreciates all the technical issues but his problems are greater than ours. Mansfield won't let it go through -- any tax bill is a vehicle for amendment. If they send thru the extension of the surcharge, they will send the IET thru at the same time. Mr. Cole commented that, in this case, he had better call the securities industries but Vail said not to do it yet. Messages for Mr. Volcker - 1 - July 23 - 25, 1969 Friday, July 25 11:30 AM - Mr. Sandoval's office called to ask if you might be able to see some members of their SBIC Advisory Council who are in Washington today. I explained you were out of town today. 12:30 PM - Margaret in Chrm. Martin's office called to say that Chrm. Martin plans to be away next week; she thought he had mentioned this to you at one of the luncheons. She said it was not impossible that he might be back and said she would keep the financing luncheon on Wed. on his cal. and he would certainly attend if he were back; otherwise, she didn't know whether we likom would to invite Gov. Robertson or what but would leave that up to us. I conveyed this to Lorraine and asked her to ask Mr. MacLaury if he would follow up on this since Mr. Geng is new to the procedures. 2:30 PM - Louis van Lennep, Emile van Lennep's son, called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you had told his father to tell him to give you a call when w he was in Washington and said he'd seen your picture in a magazine and was reminded to phone you. I explained you were out of town today and might have to leave for Tokyo in the morning and asked how long he would be here and where he could be reached by phone. He said he knew you were very busy, like his Father, and he is here on i only a very short stopover -- here today and leaving tomorrow afternoon or evening. He is staying with friends whose rhone is 469-8425. Messages for Mr. Volcker - 1 - Tuesday, July 21, 1969 11:00 AM -- The Secretary's Dining Room is open for lunch today -- and Mr. Weatherbee's office has been told that you may be lunching there today. Is it all right to confirm? YES NO 12:30 PM -- Mr, MacLaury called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis have the answer to room reassignments?" (5848) He has a question NAllich he hopes you it "How did you leave/with Dr. Walker on Messages for Mr. Volcker REMINDERS: - 1 - July 17, 1969 (1) Call Thomas Kelly in Juneau. (2) Call Alan Holmes. 9:15 AM - We told Mr. Weatherbee's office you would lunch in Secy's dining room. 9:30 AM - Chester Davenport, in Senator Cranston's office, called and would like you to call him. 180 - 3553 2:50 FM - Mr. Cohn called from the Bureau of the Budget and asked http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that you return the call. Code 103, Ext 4630 July 17, 1969 - 2 - Messages for Mr. Volcker to mass transtt proposals and will undoubtedly want discuss their approach. Mr. MacLaury said that all parties to the June 25 meeting in Burns' office were to be pretty well agreed on the Administration position taken, with the exception of DOT. Therefore, Mr. MacLaury its does not think it kecessary for Treasury to have "biggest guns" at the Monday meeting. (I had told him ng.) you might want to leave for Paris on Monday eveni to Under the circumstances, do you wish Mr. MacLaury plan to attend the Monday meeting? YES NO to Senator Cranston, 4:15 PM - Chester Davaaport, Legislative Asst. you called and said k it was he who should talk to securities about the Senator's letter on GNMA guaranteed and not the Senator. Rose called me just after you tried to to reach the Senator and I told her you were going r and talk to the Senator on the phone about the matte ng her she undoubtedly told Mr. Davenport, who was buggi about the letter. 180 - 3553 you were 5:30 PM - Mr. Davenport called you again and, when I explained http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tied up in a meeting, asked that you call him the first thing in the morning. 180 - 3553 Messages for Mr. Volcker _ 3 _ July 17, 1969 - Mr. Holmes called and said to give you the following 5:20 PM message: "I called Elliot Swann at the San Francisco Federal Reserve Bank to bring him up to date on the Alaskan business, since Alaska is in his District. He has suggested that it might be helpful that the Manager of the Seattle Branch of the Federal Reserve Bank join the group, since he knows the bankers well and might help facilitate some of the technical aspects of the question. I think this might be worthwhile, unless you feel that it is working up into too big an issue." Mr. Holmes said you might think about this overnight and let him know your reaction tomorrow. NOTE: Karen said someone stopped by while I was out of the room and said the joint coinage legislation got clearance today and if you want to know more about it to ask Mr. Eggers. She wasn't sure who it was but perhaps Mr. Eggers. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker July 17, 1969 - 1 - 11:30 AM - Miss Melville, in Secy. Volpe's office, called to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis say he is calling a meeting at 5:00 PM on Monday to discuss the public transportation legislation package. The attendance, or those invited, are: Mr. Hess and Dr. Burns, both of the White House; Mr. McCracken; Mr. Mayo; and the following from their own Department: Mr. Beggs, Under Secy; Mr. Boker, Depy. Under Secy.; Mr. Cherington, Assistant Secy. for Policy and Internal Affairs; Mr. Braman, Asst. Secy. for Urban Assistance and Environment; Joe Basco, Special Assistant to the Secy.; and Mr. Gordon Murray, with the Urban Mass Transportation Administration. The meeting will be in the Secy's Conference Rm. #812, at 800 Independence Ave., S. W. Miss Melville would like to be informed who will attend for Treasury. Miss Melville's phone is 13 - 25525. Mr. MacLaury says the attached memo by Cavanaugh sets forth the agreement reached at the June 25 mtg. in Burns' office on an Administration position on mass transit on the basis of which DOT was to prepare an Administration proposal. DOT undoubtedly will present such proposal at the Monday meeting. DOT has also been called upon to testify on the Hill on July 23rd on non -Administration July 17, 1969 - 2 - Messages for Mr. Volcker mass transit proposals and will undoubtedly want to discuss their approach. Mr. MacLaury said that all parties to the June 25 meeting in Burns' office were pretty well agreed on the Administration position to be taken, with the exception of DOT. Therefore, Mr. MacLaury does not think it necessary for Treasury to have its "biggest guns" at the Monday meeting. (I had told him you might want to leave for Paris on Monday evening.) Under the circumstances, do you wish Mr. MacLaury to plan to attend the Monday meeting? YES NO 4:15 PM - Chester Davenport, Legislative Asst. to Senator Cranston, called and said h it was he who should talk to you about the Senator's letter on GNMA guaranteed securities and not the Senator. Rose called me just after you tried to reach the Senator and I told her you were going to talk to the Senator on the phone about the matter and she undoubtedly told Mr. Davenport, who was bugging her about the letter. 180 - 3553 5:30 PM - Mr. Davenport called you again and, when I explained you were http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tied up in a meeting, asked that you call him the first thing in the morning. 180 - 3553 Messages for Mr. Volcker 5:20 PM - 3 - July 17, 1969 to give you the following - Mr. Holmes called and said message: San Francisco "I called Elliot Swann at the him up to date on the Federal Reserve Bank to bring is in his District. Alaskan business, since Alaska He be helpful that the Manager has suggested that it might Federal Reserve Bank join of the Seattle Branch of the bankers well and might help the group, since he knows the cal aspects of the question. facilitate some of the techni hile, unless you feel that I think this might be worthw big an issue." it is working up into too Mr. Holmes this overnight and let him said you might think about ow. know your reaction tomorr NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I was out of the room Karen said someone stopped by while on got clearance today and said the joint coinage legislati it to ask Mr, Eggers. and if you want to know more about haps Mr. Eggers. She wasn't sure who it was but per Wednesday, July 16, 1969 1 Messages for Mr. Volcker 9:20 AM - Mr. Petty called and asked that his call be returned. Ext 2522 9:30 AM - Mr. Bergsten called and asked that his call be returned. Code 103, Ext 5026 10:00 AM - Mr, MacLaury stopped you returned„ and asked to be called when Ext 5848 10:05 AM - Mr. Willis's office calle people could come to to confirm that most of the orrow' 10:10 AM - Mr. Donnelly's office calle . 4:30 group meeting. Norman Kempster, UP (new man), can't make it a1tA:00 but will be here instead at 3:00. 10:15 AM - Mr. Hirschtritt stopped by and said he has arranged a meeting with the Secretary at 4:45 today on timing of Asian Bank special g.unds legislation, in case you would like to join in. Cal clear; on cal, 10:25 AM - Mr‘, Donnelly's office called to confirm Mr. Pearce's appointment at 12:00, July 17. 10:35 AM - Mr. David Rockefeller called and asked that his call be returned. Area code 212, 552-3255 you about 11:00 AM - Mr. Petty called and said he would like to see http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis position papers for the Japanese trip. On cal. I gave him 2:30 PM. Messages for Mr. Volcker NOTE: - 2 - July 16, 1969 Those going to the Fed lunch today are you Saunders, Geng, Snyder, and Cook. Messrs. MacLaury, Two cars have been set up. 11:10 AM - Mr. Jurich's secy called and said he'd like to see you today. I have him 3:30. NOTE: On cal. Mr. Weidenbaum asked me this morning about a meeting that is being held at Labor Dept. tomorrow at 9:45 about the movement of Mexican labor across the border and indicated that Mr. Petty had called him about this but understo od that you hadn't decided whether he or Mr. Petty was to atte nd. I asked Mr. Petty about this and he said he had talked to you ab ut this and you decided Mr. Weidenbaum should go but appa rently adn't had time yet to tell Mr. Weidenbaum that he was to attend. Shall I tell Mr. Weidenbaum that you do want him to attend the meeting and suggest that he contact Mr. Finkel, who is also attending for OASIA, on details? YES NO 11:35 AM - Mr. MacLaury said you wanted to have a financing meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow or Friday and, after checking around, settled on 11:30 on Friday. On cal. Messages for Mr. Volcker July 16, 1969 3 spoke to Milton Friedman on 12:45 PM - Mr. Wallich called and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis an unrelated matter and Friedman brought would like very much to ta up SDR's and to you about SDR's to the point h Mr. Wallich thinks of saying he might come down here, whic is to be avoided. Mr. Wallich said he left it that you where he is at now -would call Prof. Friedman at the number Ely, Vermont - AC 802 - 333-9749. Messages for Mr. Volcker - 1 - July 15, 1969 5:30 PM - Elmer Rustad called and said there was an article by Joe Slevin in the American B,nker today about bankers' attitudes toward Savings Bonds and Mr. Rusted thinks it would be helpful if, in the meeting with the bankers tomorrow morning, somewhere along the way you could put in a good plug for Savings Bonds. Mr. Saunders' copy of today's American Banker hasn't yet been received but his office promised to let me xerox a copy of the Slevin article as soon as received. 6:00 PM - Mr. Snyder stopped by to see you and said to tell you k http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you have been picked to MC Duane Saunders' party tomorrow evening. You can make some opening remarks about 6:45, introduce Elmer Rusted, who has some things to present to Mr. Saunders, then introduce the Secy., who will present the Gallatin award and gift, and then inincodmaaxibmalmxx induce Duane to say some nice things and then shut Duane up. Mr. Snyder said he would send you Duane's biographical stuff, all of which the Secy. has. He said there will be about 170 people at the reception, including half of New York. I asked why they were starting the ceremonies so early, and was told it was the Secy's desire as expressed by Mary Harris. Messages for Mr. Volcker - 1 - July 14, 1969 11:30 AM - Mr. Holmes called and said he thought he and Mr. Treiber http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ought to see you on Alaskan oil leases and wondered if you would have any time tomorrow afternoon. Your cal. is clear so I suggested 3:00 PM, which was fine with Mr. Holmes. He mentioned that Mr. Saunders had raised some questions about this, so I asked Mr. Saunders what the story was. He said the Govt. of Alaska is selling off oil rights on a whole block of property on the North Slope involving clost to $2 billion, about $200 million of which would be paid to the Govt. of Alaska on about Sept. 11 and the rest perhaps within 60 days. This cleates a money market problem, a Govt. securities market problem, and a banking system problem, depending on how the payment is handled. Mr. Saunders said he can give you a run-down on this in about five minutes, if you'd like to have him do so before you see Messrs. Holmes and Treiber. Would you like to have Messrs. MacLaury, Saunders, Geng, and Snyder join in the meeting with Holmes and Treiber at 3:00 tomorrow and would you want to have a little session with them sometime this afternoon in preparation? YES NO Messages for Mr. Volcker - 2 - July 14, 1969 12:15 PM - John Kareken called and said he is at the Fed Board today and tomorrow and would like to talk to you on the phone when there's a chance. 147 - 531 or in Mr. Partee's office, 147 - 302. 12:30 PM - Under Secy. Van Dusen, of HUD, called and would like to speak to you on the phone "fairly soon. " (I had offered to interrupt you if it were urgent but apparently he didn't want to interrupt.) 755 - 7123 1:30 PM - Under Secy. Van Dusen called again to speak to you-"rather urgent." 1:50 PM - Mr. Knowlton stopped in to say hello to you while you were out at lunch. 3:30 PM - Mr. Liebling stopped by and would like to see you on a personal matter that will only take a few minutes. 5781 3:35 PM - Mr. Petty says unless Fritz Berg particularly wants to see Mr. Petty or unless you pr a -ticularly want Mr. Petty to sit in when Mr. Berg sees you, Mr. Petty thinks he will just stay at his desk. Is ix this all right? YES NO NOTE: Mr. Holmescalled back & said Mr. Treiber would be tied up in something else for a while after lunch tomorrow and asked if they could see you at 3:30, instead of 3:00, or maybe a little later. I said that would be fine and he said to put it down at 3:30. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 3 - July 14, 1969 The earliest flight out of Paris to NY is: 10:00 AM - Lv. Orly via TWA 805 1:00 PM - Arr JFK Or, you could either fly from Paris to London late Thursday night or very early Friday morning and take the 9:30 AM flight from London. Thursday night: 10:30 PM - Lv. Orly via BE 391 (Y/N--Trident) 11:25 PM - Arr. London Central OR 11:30 PM - Lv. Le Bourget via BE 395 (Y/N--Vanguard) (Mon., Thurs., Fri. & Sat.) 12:30 AM - Arr. London Central SPEND NIGHT AT AIRPORT HOTEL Friday Morning OR 7:00 AM - Lv. Orly via Air France 802 7:55 AM - Arr. London Central 9:30 AM - Lv. London Central via PA 11 12:10 PM - Arr. JFK OR, IF YOU DIDN'T HAVE A DINNER IN PARIS ON THURSDAY: 8:00 PM - Lv. Orly via Air France 828 8:55 PM - Arr. London Central 10:00 PM - Lv. London Central via TWA 715 12:40 AM - Arr. JFK SPEND NIGHT AT AIRPORT HOTEL AND DRIVE INTO NEW YORK FRIDAY MORNING. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis T- Messages for Mr. Volcker NOTE: - 4 - July 14, 1969 Donn Smith says arrangements for Tokyo trip are: Saturday, July 26 U. S. delegation lvs. Andrews AFB via military plane in morning. Sunday, July 27 U. S. delegation arrs. Osaka at 2:30 PM (cross Intl. date line) U. S. delegation drives from Osaka to Kyoto and spends evening resting. Monday, July 28 Morning - sightseeing in Kyoto Afternoon - take fast train to Tokyo. Tuesday, July 29 Morning - plenary session Lunch - hosted by the Prime Minister, followed by a call on the Emperor Afternoon - Plenary session Wednesday, July 30 Morning - Plenary session Lunch - each Cabinet member to lunch with his counterpart Minister Afternoon - Counterpart meetings Thursday, July 31 Morning - Plenary session, with conference winding up at noon. The return schedule of the military plane is still up in the air, partly because the President promised the Deputy Prime Minister of Korea to send some Cabinet members to Korea and Secy. Rogers is going to Korea and apparently is trying to line up some other Cabinet officers to go with him to fulfill the President's promise. Secy. Kennedy does not want to go to Korea, but there is some question whether the military plane will fly some of the group to Korea before taking the rest back to Washington on Friday or Saturday. http://fraser.stlouisfed.org/ L Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 5 - July 14, 1969 The fastest way to get back seems to be the following (by commercial plane): 2:15 PM - Lv. Tokyo via Northwest 2 6:45 AM - Arr. Seattle (this is 6:45 AM the same day of departure because you cross the Intl. Date line) 8:00 AM - Lv. Seattle via Northwest 78 3:35 PM - Arr. Dulles Assuming the meeting in Tokyo broke up promptly at 12:00 noon on Thursday, you could go directly to the airport and take the above flight and you would be back in Washington at 3:35 PM on Thursday. If you went commercial from Washington to Tokyo, you could leave at 9:00 AM on Sunday on NW 3, which stops Cleveland, Chicago, and Anchorage, and arrive Tokyo at 4:10 PM on Monday. This seems to be the fastest way to get to Tokyo, even though it does make 3 stops. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Friday, July 11, 1969 - I - Messages for Mr. Volcker 9:30 AM - We have informed Mr. Weatherbee's office that you will be having lunch in the Secy's Dining Room today. 9:40 AM - The Secretary is seeing Kenneth Rush, the new U.S. Ambassador to Germany, at 4:30 p.m. this afternoon, in his office, and has asked that you sit in. (ON CAL.) briefing paper.) --(Clint Newman of Mr. Widman's office sending 10:05 AM - Mrs. Volcker called to remind you to call Edward Bernstein and thank him for his help with Sidwell and also to pay the mortgage payment. 10:10 AM - Page Nelson called and would like to speak to you on the phone sometime today. He said it wasn't anything urgent. 11:30 AM - Mr. Wallich called and said he's back for a few days in between vacations and wondered whether he could see you sometime today. I explained your schedule and suggested that we call him in the late afternoon as soon as you got free. He said he has a 7:30 dinner but can make it later if necessary to enable him to see you. think that would be necessary. I told him I didn't 5881 12:15 PM - Mr. Geo. McKinney stopped by for his appointment (he had http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis checked in earlier and I told him you might not be back from the Hill) and said to tell you he just wanted to chew the fat and that he thinks the financial community is getting the message. Messages for Mr. Volcker - 2 - July 11, 1969 12:20 PM - Bart Rowen called and still wants to talk to you. He apparently ran into Geo. Williamson because he said he had learned that another reporter had seen you this morning or yesterday or something. I said it was yesterday in NY, and I said I was sorry but there simply had not been any time for you to see Mr. Rowen and that you were up on the on very short notice Hill testifying/and might have to go back this afternoon which was creating problems with respect to other things you were supposed to be doing. He said he has to write a piece today and has to talk to you today, even if only by phone. He asked me to call him back and let him know one way or the other. I told him I'd do my best. 223-6000, Ext. 396. 12:50 PM - Mr. Petty would like to see you this afternoon on a "variety" http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of things. He is also attending the Secy's meeting with the new US. Amb. to Germany, and hoped he might have a few minds with you following this appointment, 1 - Messages for Mr. Volcker Thursday, July 10, 1969 9:30 AM - Mr. Rustad called to confirm Tom Hughes' appointment with you at 4:00 p.m. on Friday, July 11. (Mr. Rustad will bring Mr. Hughes in, introduce him, and then leave.) (ON CAL.) 10:45 AM- Under Secretary Van Dusen's secretary called after I had returned his call to you, as you had suggested -- to say that if you don't hear from Mr. Van Dusen at the Fed this morning he will get in touch with you again on Friday. 10:55 AM - Mr. MacLaury called to check your calendar for tomorrow (Friday) for a time to schedule the press briefing by you and Mr. Rustad on the Savings Bonds interest rate. NOTE: Lorraine just called to say that this has been tentatively set for 3:00 p.m. in Room 4121. (ON CAL.) 11:00 AM - Mr. MacLaury also said that he has arranged to see Mr. Turpin and Art Singer of SBA tomorrow (Friday) at 10:00 a.m. AO to talk about how to raise money for SBA investment companies. Do you wish to sit in on this meeting? YES 5:15 PM - Mr. Eggers stopped by. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis morning. NO He asked that you call him in the He had a call from the White House about the Coinage Commission and there was a point he would like to clear with you. 2093 - 1 - Messages for Mr. Volcker Wednesday, July 9, 1969 9:30 AM - I have accepted Chairman Martin's invitation to you for lunch at the Fed Board today. Accompanying you will be Messrs. MacLaury, Weidenbaum, Carlock and Cook. 10:20 AM - Mr. Coombs called from the NYFed. (ON CAL.) I asked that the message be conveyed to him that you had some foreign visitors -- and he asked that his call be returned when you arafree. 10:35 AM - Mr. Webster called and said the question of a new Asst. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Director of the Natl. Savings Bonds Division is still hanging fire. Elmer Rusted has a man named Tom Hughes in Pennsylvania whom he wants to appoint and Mr. Webster said ''we told Rustad to look outside and get some new blood." Rusted would like to have you at least see Hughes before Rusted starts looking outside. Mr. Webster said Rusted is desperate for some help as he is overloaded and Webster thinks Rustad's wish to have you see Hughes is reasonable and asked me to arrange for Hughes to come in to see you. If this is agreeable to you, I will contact Mr. Rustad and see what can be worked out. YES NO July 9, 1969 - 2 - Messages for Mr. Volcker 11:30 AM - Mk. Van Dusen, Under Secy. of Housing, called and would like you to return his call. NOTE: 755 - 7123 Senator Percy's secy. said the Senate was going into secret session at 12:15 and she didn't know howilong that might last. I told her you might not have the press release in hand until after lunch and we left it that I would call her when you did have the press RD release and if, at that time, the Senate still was in session, we could phone the Senator in the Cloak Room and, if he were able to leave the floor at that point, he would do so; otherwise, he would phone you back as soon as he could leave the floor. (Mrs. Jacobsson - 180 - 2152) Congressman Reuss' appointments secy. was at lunch when I called so I left a message for her and she will call me back. I've arranged for you to see Congressman Rodino in his office at 11:00 on Friday. 12:05 PM - Bart Rowen called and would like to see you sometime this http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 afternoon -- he said he wanted to"get some background on a long-range problem related to exchange rates." He said he had a luncheon date at 1:00 which would keep him tied up until about 2:30 but would be at his office until about ten to 1:00. 223-6000, Ext. 396 I have a call in to Mr. Stith to tell him about this but have not been able to talk to him yet. Messages for Mr. Volcker - 3 - July 9, 1969 12:55 PM - Connie Lynch, Congressman Reuss' appts. secy, called and said he hadn't gotten back from lunch yet and had 2:00 PM, 3:00 PM, and 4:00 PM appointments but said she would check with him as soon as he got back as to whether he'd like you to come up and see him at, say, around 5:00 or whether he'd rather just talk to you on the phone. told her I'd put a hold on 5:00 in the meantime. I also mentioned the possibility of Friday, if the Congressman would preferd to see yumi you but would prefer to do it then. 3:05 PM - Mr. Holmes called you and you said you'd call him back. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I Messages for Mr. Volcker - 4 - July 9, 1969 5:30 FM - Ambassador Gruber, of Austria, called and said you raised a question yesterday about the Special Drawing Rights. The Ambassador wanted you to know that they just received word that their Parliament passed the SDR legislation and he sees no problem at all. 6:00 PM - I finally reached George Williamson and he will be at the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NY Fed at 10:00 AM tomorrow to see you. Messages for Mr. Volcker - 1 - July 8, 1969 . & Hutzler, called you and 10:25 AM - Bill Simon at Salomon Bros / would like you to call him. NOTE: NYC - Hanover 2-8700. zine photographer, Mr. I've arranged for the Fortune Maga at 3:00 PM tomorrow, Fred Ward, to come to your office for their August article Wednesday, to take some pictures on the intl. monetary system. NOTE: t arranging for you to Since you're going to NY, how abou there on Thursday, rather see Alexander Sachs while you are than having him come down here? He is a long-winded type because he has a voice and an interview gets tiresome if you see him in NY, problem and can only whisper and, to break away when you you would be in a better position wanted. YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis r he sees Secy. Mr. Deming wanted to see you on Thursday afte at 3:00. l I see Since you're going to NY on Thursday, shal y; his secy. had if he'd like to come in to see you on Wednesda Wednesday and Thursday. said he was planning to be in Washington on YES NO Messages for Mr. Volcker - 2 - July 8, 1969 11:05 AM - George Williamson, of Business Week, called from NYC and said he was back from Brussels for a week; he saw you a couple of weeks ago and told you he was coming over for a week and you agreed in principle to see him. you would have any time for him on Friday. 11:00 AM on Friday. He asked if I gave him If anything comes up to have to change this, he can be reached thru his secy., Marsha, at the NY 4 office - 971-2758. 11:20 AM - Mr. MacLaury stopped by and said he has a non-urgent question to ask you when you have the time 11:50 AM - Allan Holmes called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis since you were out. His call was transf to Mr. MacLaury - 1 Messages for Mr. Volcker Monday, July 7, 1969 of them 9:30 AM - Mr. Jurich's office called to say that State has inquired as to whether you will be attending the U.S./German Offset mtgs which are scheduled for today and tomorrow (Monday - Tuesday), July 7-8: (Mtgs, are being held in Room 1105, State Dept,) 10:30 AM YES NO 3:30 PM YES NO Tuesday, July 8: 10:30 AM YES NO 3:30 PM YES NO Monday, July 7: I, (5264) does 9:35 AM - Mr. Weatherbee's office has informed us that the Secretary want a Fed lunch today -- Chairman Martin & Gov. Robertson have both accepted his invitation e (ON CAL.) 2 1:40 PM - John Arnold of the New York Fed called to say that the Fed had received a cable from the BIS saying that Governor Daane will be staying at the Hotel Hilton in Amsterdam on the night of July 9th. (His original plans had reservations at the Amstel.) 1:15 PM - David Whiting of Time called to say that he is doing a story on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the d crawling peg in the monetary system and asked for an appointment with you. I suggested that he make arrangements for this interview with you through Dixon Donnelley - and he iscialling the Public Affairs office to set up a time. Messages for Mr. Volcker - 2 - July 7, 1969 2:30 PM - Rees Stith said Mr. Whiting, of Time Magazine, is doing a story on the international monetary system and krai his editors asked him to talk to you on a background basis on how the U. S. views the various proposals that have been made such as the crawling peg, wider bands, etc. I under- stand that he has already written the story and wants to verify the accuracy of some of the things he has said. He would like to see you today but, if he could see you tomorrow morning, he would still be able to meet his deadline. Depending on whether or not some work develops out of the 3:00 o'clock meeting and how long it lasts, you might be able to see Mr. Whiting at 5:00 or 5:30 today or else at 900 or 9:30 in the morning. I told Mr. Stith that I would wait until the 3:00 o'clock meeting was over to ask you about this. NOTE: 5985 The secy. to Mr. Spear, of Standard Oil of Indiana, called to invite you and Mrs. Volcker to a party the Spears and the Swearingens (he's Chrm. of Standard Oil) are giving in honor of Dorothy Elston at 7:00 PM on Wednesday, July 23, at the Mayflower Hotel, with the reception in the Chinese Room followed by a buffet dinner in the Grand Ballroom. I told her unfortunatel) you had to be in Paris that day for some very important intl. meetings and expressed your appreciation and regrets. NOTE: Mr. Deming's secy. called and said he plans to be in Washington http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 3 - July 7, 1969 on Wednesday and Thursday this week, is seeing the Secy. at 3:00 PM on Thursday and wondered if he might see you whenever he is through seeing the Secy., probably about 3:30 or 3:45. Cal. is clear and I said that would be all right. On cal. 2:40 PM - Mr. George McKinney, Sr. V P. of Irving Trust, called you you and spoke to me when I asked if you could return his call. He said he was going to be in Washington on Friday of this week and wondered if he might see you. He said the only thing he had lined up so far was a long and leisurely at Commerce. 1:00 o'clock lunch/ I suggested 12:15 PM. He sounded like he was a good friend of yours. Is this all right? 3:00 PM - Mr. Willis has arranged for a Volcker Group meeting for 5:00 p.m. tomorrow (Tuesday, July 8), in your office. Attending will be Messrs: Dale, Bergsten, Enders, R.Cooper, Houthakker, Samuels, Petty, MacLaury, Willis and Nelson.(ON CAL.) (Gov.Daane, R.Solomon and Mr. Wallich are out of town.) NOTE: Mr. Willis' office has informed us that Donald Syvrud, who has just been transferred back to Washhgton from the Rio office, will be working with Mr. Willis. 5:00 PM - Miss Woehler, at the German Embassy, called to invite you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to an informal, stag dinner the German Ambassador is giving for Fritz Berg, Pres. of the German Federation/of Industries, at 8:00 PM on Monday, July 14th. She will let us know the Messages for Mr. Volcker place later. - 4 - July 7, 1969 You're seeing Mr. Berg at 4:00 that afternoon. Your cal. is clear. OK to accept? 331-3340 YES 1) I(I \ NO 5:30 PM - Mr G Widman's office called to say that the Secretary is seeing Ambassador -Designate to Canada Adolph Schmidt at 4:00 p.m. on Wednesday, July 16, instead of 3:00 p.m. on Friday, July 11. ON CAL. (Briefing paper will be submitted.) 5:45 PM - Your daughter, Janice, called. Said it was very important for you to call when you returned, 667-2129 5:30 PM - Mr. Petty called and said to ask you, on the World Bank - IMF http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis salary question, are you or who is going to take the next steps? The question is where is the monkey? 2522 Messages for Mr. Volcker 8.40 AM - Mr - 1 - Thursday, July 3, 1969 Jurich's office has informed us that he will be accompanying you to the Under Secretaries' meeting this morning at 11:00 a.m., at the State Depa rtment, in the conference room on the 7th floor. (He has asked for a fe4ninutes to brief you prior to leav ing for State,) ON CAL. 9:10 AM - Mr. Weatherbee's office called to say that the cook is sick and the Secretary's Dining Room will bdclosed today. NOTE: Gov. Daane's office has given me the information that he will be in Paris, at the Hotel Crillon, phone: 265-24-10G on Friday, July 4, He will be leaving for Basle In Basle, he will be the week- end guest of Dr, andMrs. Milton Gilbert -- home phone. . (If not there he can be reached through the BIS.) He will be in Basle until Monday, July 7, and then he will be accompanying Mr. Zijlstra to his farm in Holl and. He will be returning to Washington on Thur sday, July 10 -at 4:45 p.m. 9 15 AM - Mr. Willis called in to say that he will be at the Hote l Wellington in New York; Room 940, through Friday and can be reached on A.C. 212-Circle -7-3900, 920 AM - Mr. Dale's secretary has arranged an appointment for you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with Mr. Schweitzer at 11:30 a-1n, this morning. ON CAL - 2 - Messages for Mr. Volcker Thursday, July 3, 1969 9:30 AM - Mr. Petty's office informs us that Pat Pascoe will be the recording officer for the Pinay meeting at 10:00 am. this morning. 9:40 AM - Miss Reisenauer of the Austrian Embassy called tosay that the new Austrian Ambassador, Karl Gruber, who presented his credentials to President Nixon this past Tuesday, July 1, would like to pay a courtesy call on you one day next week. I gave him 2:30 p.m. on Tuesday, July 8. NOTE: You are scheduled to attend a luncheon at 12.!30 p.m. at the Metropolitan Club on Tuesday for Mike Greenebaum. -- The Ambassador has a 4:00 p.m. appointment at the State Department and his secretary suggested 2:30 p.m. I told her I thought you would be back in your office by then. Miss Reisenauer - 482-4474 10:25 AM - Mr. Weidenbaum called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -- ON CAL. He asked that his call be returned. (2551) -- 10:45 AM - I called Mr. Weidenbaum to let him know that it was unlikely that you would return his call this morning, since you would be on your way to the State Department for your 11.00 a.m0 meeting shortly. He said he would need about 10 minutes with you and I've given him 3:20 p.m. -- just befor the dry-run presentation at 3:30 p.m. (ON CAL.) Messages for Mr. Volcker - 3 - July 3, 1969 10:50 AM - Mr. Liebling would like to see you for about five minutes sometime today. 5781 11:10 AM - Mr. Webster called and said he'd talked to Mr. Petty and would like to talk to you about World Bank people. I told him you were out of the building and I thought you might be able to do it after lunch. He said he expects to be k back from lunch by about 1:30. we'd call him when you were back. I said 8484 11:35 AM - Mr. Carlock stopped by and said he needs to talk to you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis by 1:00 o'clock about the CCC - Fed. Home Loan Bank business that he talked to you about late yesterday to see if you have any more reservations. He is being pushed and has to do something pretty quickly. I explained yourxx schedule and said I thought you'd have a long session with Schweitzer and might even lunch at the Fund, since you knew the Secy's Dining Room is closed today. and said we might have to call you in Schweitzer's office if necessary. Mr. Carlock said he'd wait u;ntil 1:00 o'clock and see. Messages for Mr. Volcker Thursday, July 3, 1969 4:00 pm - Mr. Bergsten called. He asked that his call be returned. (103 - 5026) NOTE: W. Bean called me this morning to ask if you'd received an invitation to the German Ambassador's dinner for the offset group on Tuesday. I said you had and took the occasion to ask what the schedule was for the offset meetings and if there were any portions in particular that you w ought to be prepared to attend. Mr. Bean said the meetings will begin at 10:30 AM on Monday in Rm. 1105 at State, will adjourn at 1:G0 for lunch; he didn't know of any joint luncheon arrangements but said conceivably there might be a working lunch for the U. S. delegation; the meetings will resume at 3:30 PM in the same conference room. On Tuesday, the program will be the same, with the working sessions starting at 10:30 AM and 3:30 PM. Mr. Bean said if you can possibly be at the opening session on Monday, you will be able then to judge for yourself whether you would prefer to attend all or miss some of the sessions that follow. Mr, Bean said he would assemble some material and get it down to you. NOTE: Clint Newman called and said someone from the Secy's office called and asked him to find out if you would be willing to have an interview with Fritz Berg, President of the Federation of German Industries, which is the equivalent of our NAM. Apparently the Secy's office does not feel the Secy. should see Mr. Berg, although Mr. Berg would like to see the Secy. Mr. Newman said Mr. Berg is against revaluation, is very vain but responds to flattery. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 5 - July 3, 1969 Mr. Berg will be in Washington on July 14th and 15th but would prefer an appointment on the 14th, if possible. I said your schedule was clear that day and Mr. Newman has arranged to have Mr. Berg see you at 3:30 PM on Monday, July 14th. Mr. Newman said he's send down some background beforehand On cal. 5:25 PM - Mr. Hirschtritt called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He wondered whether he might come in some Presidential to see you for a few minutes -- concerning nor of the Fund and requests -- and about the Alternate Gover Bank. (He hopes to leave early this evening.) (2803) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis THE DEPARTMENT OF THE TREASURY DATE TO 7/ 2 Mr. Volcker Mr. Brumley checked with Mr. Donnelly, who said it was his understanding that Secy's press conference on the int. rate ceiling would definitely not be before next week and very likely not for two or three weeks. In fact, the Secy's schedule for next few weeks, just recd., shows him leaving at 2:30 tomorrow for Chicago and being in Chicago thru Sunday. If you are to have a press backgrounder, Mr. Brumley says the earlier the better and definitely today. He said he had two inquiries this morning and several while you were away especially from people like Reuters and Dow Jones, who are interes ted in int1PAUL A. VOLCKER scene. Room 3312 Ext. 5635 Messages for Mr. Volcker NOTE: July 2, 1969 - 1 - Mr. MacLaury, Mr. Saunders, For the Fed lunch today, we have you, and Mr. Cook -- Mr. Carlock can't make it. I wondered whether with you, just to introyou might like to take Mr. Weidenbaum h, although I understand duce him around, if he's free for lunc he's not going to get into financings. Alternatively, we could ask Mr. Auten. like to speak to you fairly 9:45 AM - Mr. Brumley called and would should hold a press soon about whether or not you think you ground basis - they've briefing on your trip abroad - on a back to have one, they should have several inquiries and, if you're get busy on arrangements. 8191. like to speak to you on the phone. 10:10 AM - Mr. Petty called and would to give you the following 10:15 AM - Mr. Petty called back and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis note: in Washington "Jim Phelan called and said Pinay is Aide, Jean Violet, today and tomorrow and suggested to his that he see you and/or Petty. They were interested and said Hotel. they could be reached at the Watergate to set up something thisfternoon?" Shall we try I told Mr. Petty that backgrounder on your Mr. Brumley was raising question about thought there might trip, presumably this afternoon, and I d if he (Petty) also be a financing announcement and aske et tomorrow, if would want to arrange to see Pinay & Viol this afternoon proved difficult for you. He said he was o'clock shuttle tomorrow. selfish and hoped to catch the 11:00 Messages fcr Mr. Volcker - 2 - Wednesday, July 2,1969 11:50 AM - Chairman Preston Martin of the FHLBB, called. his call be returned. He asked that iiARxkaaii (129 - 5537) 3:05 PM - Mr. Escoube called and said the U. S. Ambassador-designate to Ottawa, Mr. Adolph Schmidt, is coming in to see the Secy. & Mr. Petty at 3:00 on Friday, July 11th, and he (Escoube) wondered if you would be able to join them in seeing Mr. Schmidt in the Secy's office at that time. so I said that would be all right. Your cal. is clear Mr. Escoube will send us a copy of the briefing memo he sends to the Secy. On cal. 4:U0 PM - Mr. Petty's office checked to be sure we had not forgotten him. He has to go into a 4:15 meeting and won't be out until about 5:15 or 5:30. right. I told Mary I thought that would be all She also confirmed that Mr. Pinay could not come in to see you and Mr. Petty this afternoon but is coming at 10:00 tomorrow. Mr. Petty is catching an 11:30 EA Shuttle. On cal. Mr. Petty thinks Mr. Pinay speaks English. 6:20 PM - Mr. Bill Dale called and deKoch received this afternoon a cable from Under Secy. Brown, the #2 man in the Finance Ministry, indicating that they are working on a reply to your last memo and that they expected to have it to deKoch by around the 21st for him to deliver to you. Mr. deKoch has no information as to what the nature of the reply is. Mr. Dale just wanted to know, so he could tell deKoch, whether you would be in town that week -Mr. Dale thought there were Deputies' mtgs. that week and I gave him the dates, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 1 - Messages for Mr. Volcker July 1, 1969 4:30 PM - Mrs. Johnson at State Protocol called to invite you to a stag reception to be given by Mr. Samuels for the German Offset delegation at 6:00 PM on Monday, July 7 in the Madison Monroe Room at State. On cal. 4:40 PM - Miss Lerch at Fortune Magazine called and said they would ka like to have a photographer come and take a few candid pictures of you, which will only take 5 minutes, sometime this week, if possible, for their August issue, which will carry an article on international monetary reform. She said they had gotten a picture of Mr. Houthakker today. Ax0x I know you were not happy Vith the interview you had with the Fortune people, and I talked to Mr. Brumley, who said he thought, so long as they were doing the article, you might as well let them take a picture. an appointment for the photographer?, Is it OK to set up (FE 7-8000) YES NO 5:00 PM - Mr. Donnelley's office called and referred to the memo he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had sent you some time ago about seeing Sylvia Porter on July 2. Now that you are going to be here, he has raised the question whether you can see her after all. She is scheduled to see Mr. MacLaury at 2.00 and is planning to be here at 11:00 AM, the time the Secy. was to have had the press conference on the int. rate ceiling, which has now Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - July 1, 1969 been cancelled, so she could see you at either time. Your cal. is clear at both times but 11:00 might be better if you want to go to the Fed for lunch tomorrow. willing to see her at 11:00 ? YES NO Would you w be Messages for Mr. Volcker - 1 - June 26 - July 1, 1969 June 26 5:30 PM - Stan Cleveland called and said he guessed he was too late to catch you. I said yes, you were already en route to Paris. He said he'd be back in Washington the latter part of July and would be in touch with you then. He won't be here next week. Friday, June 27 •••••• Monday, June 30, 1969 11:40 AM - Mr. McNamara (World Bank) called. He cancelled his call when he learned you were away. , ,:00 PM - David Rockefeller called. He asked to talk with Dr. Walker when he learned that you were in Europe. Tuesday, July 1 11:00 AM - James Phalen, of Chase, calle d and said he'd call you again tomorrow when told you were en route back from Europe today. He called back a minute later (or his secy did) and asked if Mr. Petty were available; I transferred the call to Mr. Petty. 11:30 AM - Mr. MacLaury said to tell you Bill Dale needs an answer on the following by tomorrow morning: Mr. Dale said that Ossola called Schweitzer or Polak -- he doesn't know which one -- and said that he can get agreement to SDR's 4 - 3 3. Ossola told the Fund that the Americans buy this formula. Schweitzer wants to know if this is correct. stick to five years. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Schweitzer feels we should Messages for Mr. Volcker REMINDER: - 1 - Thursday, June 26, 1969 Talk to Secretary about IMF salaries. 9:30 AM - Mr, Weatherbee's office called to ask if you would lunch in Secy's Dining Room today and we said you would. NOTE: Don Smith, in Widman's shop, called and said Mr. Kashiwagi had suggested, thru the Japanese Embassy here, that you and he lunch together on Tues., July 1. In view of all the circumstances, I suggested to Mr. Smith that he tell the Japanese Embassy that you will discuss arrangements for getting together with Mr. Kashiwagi when you get to Paris. I'll put a reminder on your cards to do this. 10:00 AM - Mr. Albright said he had sent you a note and wondered if there might be a chance for him to stick his head in and say goodbye, as Monday will be his last day here. I explained your situation and Rkm he said he might stop by around 2:15 on the chance that he might be able to see you for a moment. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I had a call late yesterday from a Miss Mitchell on 462-6040 saying the British Ambassador is gining a stag informal dinner on Monday, July 7th, at 8:00 PM for the group of visiting MP's (same group you are meeting with on Wednesday, the 9th) and would like very much to have you attend. I have checked with Mr. Bean and he said the only social functions in connection with the German negotiating team's Messages for Mr. Volcker - 2 - June 26, 1969 visit here on Mon. & Tues., July 7 and 8, are a recept. to include wives hosted by Mr. Samuels on Monday, July 74 and a buffet supper hosted by the German Ambassador on Tuesday, July 8 (no decision yet on whether wives included). Mr. Bean said it had been decided to have no luncheons or dinners -just the German Ambassador's buffet on Tuesday. He said the question was whether or not you wished to be listed as a member of the U. S. negotiating team and to be invited to the Samuels' reception and German Ambassador's buffet. A decision on this can wait until you return from Paris if you wish. In any event, you are clear ixox for dinner on Monday, the 7th, and I'm trying to find out from Widman's shop whether or not they recommend that you attend the British Ambassador's dinner. If they think you should attend, is it all right to accept for you? 1 16 YES NO 11:00 AM - Stanley Cleveland, Counsellor for Economic Affairs at the Embassy in London, is in Washington today and called to say hello. He said he would be in and out of the State Dept,, but could be reached there on 182-4038 if you have a free minute to talk with him. (I told him you were leaving for Paris this afternoon.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker NOTE: - 3 - Do you need cash for the trip? little small change. Also petty cash is down to a We'll be getting your Secy's dining room bill for June in a few days. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis June 26, 1969 Messages for Mr. Volcker - 1 Wednesday, June 25, 1969 K. Martin 10:00 AM - Mrs. O'Connor, secretary to Mr./Worthy, new Chief Counsel ir the Internal Revenue Service called to extend an invitation to you to attend Mr. Worthy's swearing-in today at 2:30 p.m. in Room 3313 of the Internal Revenue Service Building. Judge Drenner, Chief Judge of the U.S. Tax Court, will swear him in, (ON CAL.) 10:10 AM - Mr Dale called. He wondered whether he might have a private discussion with you (for about 10 or 15 min.) this afternoon, i shortly after lunch. I told him you were attending a closed luncheon here in Treasury (12:30 Canadian luncheon hosted by the Secretary) and he asked whether he could stop in at 2:30 pm. I told him I thought you will have returned from lunch by then; but it could possibily mean a short wait for him. 12:00 M - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (ON CAL.) Messages for Mr. Volcker - 2 - June 25, 1969 12:25 PM - Mr. Saunders stopped by and asked about your schedule this http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis afternoon for a decision-making meeting on how to handle the old Savings Bonds in preparation for the announcement the Secy. wants to make tomorrow on the rate increase. I told him you were getting pretty well stacked up. He said he had to go to a 1:30 meeting int but would ;try to be back by about 3:30 but, if he weren't back, and you can have a meeting, you should go ahead without him -- he said Mr. MacLaury knows what the options are and what the problems are. Would you want to have a meeting set up on this subject at 3:30? YES NO Messages for Mr. Volcker - 3 - June 25, 1969 12:50 PM - Mr. Mayo called and would like you to call him. 2:05 PM - Chairman Martin called. 103 - 4840 He asked that his call be returned when you got back from lunch if this were possible.(147-201) 2:35 PM - Bob Bethke of Discount Corp. called. He said he had a couple of ideas that had to do with the staff job that Duane Saunders is holding and asked that his call be returned when you are free to talk with him. (A.C. 212-WH-3-4400) 2:45 PM - Mr. Petty's office called and said the dinner for the Canadians / m tonight is at 8:00 PM, informal, at Blair House,and Protocol at State will call and let me know who will hludimatkx be in attendance. On cal. Secy. Rogers is the host. 2/c5gx2MxxxMxxxSamylattxxxstNppladxhyximxaxkxifxyouxuomiEbuitaiitxhimxamix REMINDER: Call Mr. Samuels. 3:15 PM - State called and said they had a message from Paris to the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis effect that the US delegation to EPC will meet in the new building (across the street from the Chateau de la Muette) at 9:00 AM on Monday and Weir Brown will host an informal _ a- cocktail Mn&fat 6:30 ,PM for all EPC & WP-3 participants AL.A.a4 and their wives, On cal. Have informed Messrs. Willis and Widman. Messages for Mr. Volcker - 5 - Tuesday a June 24, 1969 5:10 PM - Chairman Preston Martin of the Federal Home Loan Bank Board called. He asked that his call be returned.(129 - 5321) 5:00 PM - Mr. Robt. Solomon called and would like to speak to you on the phone before a 9:30 Board meeting tomorrow morning. He expects to be in his officei for some time and his secy. said she'd check with us if he showed signs of leaving. 147 - 238 5:25 PM - Mr. Erfer's secy. called again and I gave her 9:30 AM tomorrow for the meeting with you. She said Mr. Erfer said it would only take five minutes and he will bring with him Mr. Tavrow, Chief Counsel of OFDI. Mr. Colman has been alerted and will be present. 5:30 PM - Miss MAK McCullough in Mr. Samuels' office called again to get the names of the people attending the Thursday meeting and I told her I hadn't been able to get to you yet. obviously is going to persist. She What shall I do? 5:40 FM - Gov. Daane called and said he would see you at the Chrm's dinner for Carli tonight but probably won't have much chance to talk to you there. He is going home to clean up for the dinner but can be reached at home if you'd like a 5 minute run-down on the meeting this morning. 5:42 PM - Mr. MacLaury would like to see you when you're free. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1 - June 24, 1969 10:05 AM - Mr. Rustad called and would ;like to speak to you on the phone sometime today. this afternoon late. of minutes. He knows you will be tied up until He said it will only take a couple 2466 10:15 AM - Mr. McCracken called and would like you to call him. iaAxm 103 - 5036 10:30 AM - Mr. Widman called and said he will be at the Canadian meetings tomorrow morning and wondered if it would be all right to have Miss Ellen Maloney, the desk officer for the Netherlands, sit in when US Amb.-designate Middendorf sees you at 10:30 on Wednesday. I told Mr. Widman that Mr. Newman had told me that Mr. Colman would probably sit in. Mr. Widman said he thought it might be useful to have Miss Maloney attend so that she could produce any papers you might want to give Mr. Middendorf. He said, if Miss Maloney doesn't sit in, he doesn't think he should have anyone else on his staff sit in. Is it all right to have Miss Maloney sit in? YES ;‹ NO 10:40 AM - Mr. Weatherbee's office called and said Mr. Walker won't http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be here for lunch today and they are closing the Secy's dining room today. - 2 - Messages for Mr. Volcker 10:45 AM - June 24, 1969 . Tanner's office called and said to remove the hold we had on 2:30 on July 10 for possible meeting of the Council of US Investment Community -- they are postponing the meeting until sometime later on. 11:40 AM - Mr. Petty called. He wondered whether he might come in to see you on your return for a few minutes -- to discuss a number of little things. (2522) 12:10 PM - Roger Anderson, of Continental Bank of Chicago, called and would like youto call him. Chicago Operator 250 - 828-7703 2:30 PM/- Mr. MacLaury has a chart that he would like to have you take a look at just as soon as possible so that he can get the people working on the other charts. 2:35 PM - Miss McCullough in Mr. Samuels' office called and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis asked her to call and get a listing of the people who will be present at the meeting with the President on Thursday morning. I told her I wasn't sure and would have to check with you and call back. 182 - 2232 - 3 - Messages for Mr. Volcker Tuesday, June 24, 1969 2:55 PM - Mr. McCracken's secretary called to say that an Uranium Task Force meeting is scheduled for 10:00 A.M. on Wad Thursday, July 3. (Mr. MacLaury has been informed.) ON CAL. The meeting will be held in Conference Room 446 of E0B. Shall we assume that Mr. MacLaury will attend unless something arises on which he thinks your presence is needed? YES // NO 3:05 PM - Dr. Burns' office called to say he is scheduling a meeting at 4:00 PM tomorrow in his office, Rm. 134, E0B, on UPTA legislation. His secy. said she hoped I knew what that meant because she didn't. I said I didn't and she said it had something to do with urban transit and they are inviting Messrs. Vople, Moynihan, McCracken, Mayo, and ;you to attend. Your cal. is clear and I have alerted Mr. MecLaury's office to the meeting. I checked with Mr. Cavanaugh to see if he know what this was about and he said you and he and MacLaury attended a meeting about a month ago with the same group and he thought it was agreed to continue the existing urban transit program for the next couple of years and, in the meantime, study the various proposals that have been made. He said perhaps Mr. Volpe has come up with some new idea and said he would call Budget and see if ithey knew anything http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1 Messages for Mr. Volcker - 4 - June 24, 1969 about this and if they had any piece of paper indicating what UPTA legislation is all about. NOTE: When I called Mr. Samuels' secy. and gave her your message about attendance at the Thursday meeting, she said he would like theck names of the principals -- they haven't had anything in writing about this and all they know is that you and Mr. Samuels are going but they do not know who w else. Is it all right to give her the list of principals? NOTE: Rogers Peet is going out of business this coming Thursday. They have returned most of their stock to NY and checked and said they i no longer have anything that would fit you. 3:50 PM - Gov http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Daane called. He asked that his call be returned if you should be back before 4:15 p.m.; otherwise, since he will be leaving his office until about 5:30 p.m., he will call again. (147-211) - 2 - Messages for Mr. Volcker Monday 4:10 PM - Andrew Knight of the London Economist called. June 23,1969 He wondered whether he might have about 10 minutes with you over the telephone or in person on the subject of reaching a new I expla ned gei money sometime tomorrow. sta in international to him that your schedule until 3:00 pm on Tuesday, June 24, was blocked off for an outside meeting. (You are also sitting in on the 12:00 noon meeting with the Secretary and. Secretary Romney on GNMA mortgage-locked securities in the Secretary's office.) Do you wish to see Mr. Knight? YES NO (Mr. Knight had said he was interested in talking only with you.) If yes, is tt all right to fit him in sometime after 3:00 p.m.? YES NO OTHER : 783-5753; home phone: Mr. Knight's office phone. l should you indicate notified be DmpnekAtoill VJEe 440 PM - Mary Harris called to say that the Secretary has cancelled tLS1ISU S of his appointments for tomorrow, Tuesday -- and he like you to see Secretary Romney. Mary is calling Secretary Romney's office to see whether he will have the meeting in his office now and will call back shortly. 4:45 PM - Mr. Brumley called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (8191) He asked that his call be returned. June 23, 1969 - 3 Messages forMr. Volcker 4:20 PM - Mr. Prussia called you and said he would try again later today or else tomorrow. 4:80 PM - Mary Harris called to ask when the Memorandum for the President would be ready. I checked with Mr. Pascoe and he said he was afraid not until after 5:30. I told Mary and she said the Secy's driver is off today and John Vines will be on the night shift for delivery service tonight and he will take the memorandum to the Rinsidgmtxminftnxitxx Secy. for signature when it is ready and will then get it to the White House. the Secy's apt. is. She said Mr. Vines knows where She said she thought you should be the one to phone the Secy. when the memo is ready and let him know it is coming to him for signature. 4:35 PM - Mr. Erfer's office called to ask whether you would be sometime today able to have the meeting/that had been scheduled for 9:00 AM today and had to he cancelled. I told her I doubted it. She said she knew we would let them know when you were able to have the meeting. late tomorrow afternoon? YES NO http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Shall I try to schedule it for Messages for Mr. Volcker - 4 - June 23, 1969 4:40 PM - Dwight Chapin returned your call. I explained you had a foreign visitor with you and asked if we might call back. They said that would be fine. 4:50 PM - Mary Harris called and said the meeting on GNMA tomorrow http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis will be in Secy. Romney's office, Rm. 1000 on the 10th Floor, at 451 - 7th St., it. W. handle the matter for him. The Secy. wishes you to This meeting was originally scheduled for 4:15 tomorrow so as not to conflict with FNMA Board and was changed to 12:00 to accommodate Secy. Kennedy. Would you like me to see if Secy. Romney can do it after FNMA Board just as conveniently as at noon? When I learned of the conflict, I alerted the Secy. to the Board and he seemed to think some others who normally attend the Board meetings might be asked by Secy. Romany to attend the meeting on 'DMA. June 17 - 20, 1969 - 1 - Messages for Mr. Volcker Wednesday, June 19 NOTE: We have given Mr. Cadle 9:00 AM on Monday, June 23, to see you on equity investment problem. On cal. 10:45 AM - Mr. McCracken's office called about setting up an EPC delegation meeting. Set for 4:15 PM on Monday, June 23. On cal. 3:30 PM - Mr. Clint Newman called about setting up an appointment for to the Netherlands you to background U. S. Ambassador-designate/Wm. Middendorf. Middendorf is seeing the Secy. on Fri., June 27th, at 11:00 AM. I told Mr. Newman you would be in Paris for WP-3 on that day. He then said Mr. Middendorf would be available on Wed. AM June 25, RoxixsmggHstmElxi from 10:30 AM to lunchtime, so I suggested 10:30. Mr. Newman knows you have someone else coming to see you at 11:00 that day (Gerry Spencer) but thought half an hour would suffice for Mr. Middendorf, who will also be seeing Mr. Petty. On cal. Thursday, Jupe 20 12:30 PM - Mr. Clint Newman called and said they have a note from the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis U. K. Embassy saying some Members of Parliament will be in Washington on July 7 - 9 and will be seeing Chrm. Martin & World Bank officials on Ymmsday*xtlaHxRkkx Monday, the ;7th; on the 8th, they will visit the NY Fed, and, on the 9th, they will visit members of the House Banking and Currency Cmte. in the morning and would like to see someone at Treasury in the afternoon. They are representing a Subcommittee of the House - 2 - Messages for Mr. Volcker June 17 - 20, 1969 conducting of Commons Cmte. on Nationalized Industries and are their a review of the activities of the Bank of England and affect on such industry. Mr. Newman said this was all the to him memo indicated and it sounded a bit like a boondoggle them to see but he thought you would be the proper person for what they and, if he can get any further information on just want to talk about, he will lei: us know. Your cal. is clear on the afternoon of July 9 so I suggested 3:00 PM. asked me to hold an hour. Mr. Newman I asked if he would not line up did not Mr. MacLaury or Mr. Petty or someone, in case you said he wish to spend a full hour with this group, and a he would explore that. On cal. Friday, June 20 NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ing of the Mr. Tanner said they are trying to arrange a meet established Council of the U. S. Investment Community, which was Fowler Task Force to implement some of the recommendations of the on Promoting Foreign Investment in U. S. Securities. The Council about 18 months functioned in 1967-8 but hasn't done anything for tivating it. and apparently consideration is being given to reac the appropriateThe purpose of the meeting will be (1) to decide on S. for ness and how to handle another conference in the U. about 6 months foreign investors sometime in the Spring of 1970, in London, at after the big conference in December of this year there is a way which k you are to apeak, and (2) to see whether Messages for Mr. Volcker June 17 - 20, 1969 - 3 - to set up this Council and give them some additional activities in ways in which they can be helpful in the problem of portfolio capital flows. Mr. Tanner said he was just working on this on the staff level and would have a memorandum for Mr. Colman's consideration on his return, which, if approved, would come forward to you. He said Mr. Colman would attend the bulk of the meeting but it was felt it would be helpful to have the Secy. and you at least make brief appearances and talk to the group to indicate your interest. We told Mr. Tanner we would put a hold on 2:30 on Thursday, July 10, for a possible appearance by you before the Council. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The phones have been installed in your house. On cal. I meant to write down the number before I left the house but forgot. Could you please phone the Secy's Operator when you get home and let klumx her know your new phone number? Thanks. Also, Mrs. Volcker asked me to get you some groceries to tide you over and put them in the refrigerator. Just so you'll know what to look for, I got some bread, milk, eggs, bacon, a quart of fresh orange juice, 2 bananas a small chunk of liverworst/(all in the refrig.); some frozen TV dinners (in freezing compartment); some Rice Crispies, canned soup, crackers, instant coffee, picnic size shakers of salt & pepper, sugar (in kitchen cabinet with doors ajar next to refrig.). I also got some extra toilet paper (in bath on 2nd floor), a roll of paper towels (in kitchen near sink), Ivory soap (on kitchen sink & in 2nd floor bath), some root beer & cokes (in refrig.) & a white paper bag of home style cookies (in refiig.) Messages for Mr. Volcker - 4 - Tuesday-Friday June 17-20, 1969 Friday, June 20, 1969 10:00 AM - Bill Zentz Executive Vice President & Economist of the Bank of Commonwealth in Detroit, called. He expects to be in Washington next week -- on Wednesday and Thursday, dune 25 and 26 and wondered whether he might see you. Dim He other preferred sometime on Wednesday morning, since he had . arrangements for the afternoon, or sometime on Thursday Europe on Thursday I EXPLained that you were leaving again for . afternoon and asked whether he might see Mr. MacLaury He w ing with you, said he was a personal friend and preferred talk just y said he even if it were/over the telephone. His secretar on the telephone y morning had suggested calling in/about 8:30 a.m. on Wednesda for a brief chat. I told her you/ere due at the Secretary's that Staff meeting at 8:45 a.m. on Wednesday morning; but short word with you prior I thought Mr. Zentz might have just a you were in and free at that time and Zentz preferred to 8:45 a.m., if/it were at all possible. Mr. you from the Madison to leave it that way and will telephone a.m. on Wednesday, Hotel where he will be staying -- about 8:30 June 250 2:30 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis though Gov. Mr. Widman called to say that it looks now as p.m. on Carli will have some free time beginning at 4:00 it might be Monday, June 25, and he and Mr. Willis thought useful to have a private chat with him at that time. NOTE: There is an EPC Delegation mtg scheduled for 4:15 pm in Mr. McCracken's office, which Mr. Widman usually W - Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 5 June 17 - 20, 1969 _ 2:30-Widman call contd, attends; also you are scheduled to attend dreception at 6:30 p.m. at the Cosmos Club - by the R. Solomons and Hollands for the Dan Brills; and at 8:00 PM you are attending the Carli dinner hosted by the Secretary at the Madison Hotd.„ in the Board Room. A further telephone call to Mr. Widman's office elicited the information that it is more irrportant for you to see Gov. Carli than to attend the EPC delegation meeting; also that it will be a private conversation between you and Gov. Carli, If you agree, Mr. Widman will try to arrange the afternoon meeting. (Mr.Widma will attend the EPC mtg.) Disapprove Approve Other Note: When we received the call re EPC delegation mtg., I asked Mr. MacLaury's office to put a hold on the time in case you wanted him to attend. Do you wish him to attend? YES 7c NO Also, in connection with the 4.00 o'clock appt. with Carli, Mr Weidenbaum's swearing-in is at 3:30 PM, buL assume your part will be over by 4:00. % - 1 - Messages for Mr. Volcker 9:30 AM - Mr. Petty called. Monday, June 16, 1969 tic! asked that his call be returned. (2522) 10:05 AM - Mr. MacLaury called. H4asked that his call be returned. 5848 - Mr. MaCracken called. He asked that his call be returned. 10:10 AM 10:12 AM - We have informed Mr. Weatherbee's office that you will have 11:50 AM - lunch in the Secretary's Dining Room. and Messrs. Saunders Mr. MacLaury called to ask whether he on CCC's. Snyder and Carlock might come in to see you are waiting (He said that Mr. Carlock indicated that you for this meeting.) (5848) PM 3-20 . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Schaffner called. ME said he and Mr. Petty and Mr. Petty would like to talk with you on equity financing. He said it has to be done today. I told him that I didn't asked know whether you could fit this in this afternoon and whether they might take this up with Mr. MacLaury. I told return.(2ii2x Mr. Schaffner's secretary I would call on your (2386) • Messages for Mr. Volcker NOTE: - June 14, 1969 1 " Amos Latham called late yesterday and said the authority for the Grade 17 Asst. Director of Savings Bonds Div. will expire next Thursday unless we put someone in that slot. that you were goigg to be in Europe next week. I explained He said it was clear that you would not select someone by next Thursday for that position and he would go ahead and ask the Civil Service Cmn. to grant an extension of time -- he's asking for 90 days just to be on the safe side. NOTE: Peter Gilsey called late yesterday a second time and said he wanted to arrange to have you see somenne next week. you'd be out of town. I explained He asked that you call him in any event. I think he wants to talk about the state of the stock market. 10:35 AM - Gov. Daane called and said to tell you he was in his office. 10:40 AM - Mr. Dale called and said he thought he would come in to see you but didn't know yet what time. I suggested he check in with us when he knew whwn he might come. 10:55 AM - Mr. Willis called and asked me to let him know when you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis reach the office. Messages for Mr. Volcker June 13, 1969 - 2 - 11:20 AM - Peter Gilsey called and would like you to call him. 298-7830 11:30 AM - Bob Solomon called and would like you to call him. 11:35 AM - Mr. Eggers called and would like you to call him. 11:40 AM - Mr. Brumley is anxious to see you. NOTE: 147 - 238 2093 8191 Leonard Dixon said he had spoken to the Embassy in Copenhagen to cancel out the fleet of cars that were to be available for the Secy. & party. He said he had asked that you be met at the airport when you arrive (he told them he'd send details of arrival time, etc. by cable) but said he had not asked the Embassy to make a car available for your use during your stay, as needed. I assume you will wish to have a car available for your use during your stay. Shall I ask Mr. Dixon to request this in the cable he sends? YES NO 12:45 PM - Messrs. Carlock and Snyder are ready to talk to you about the question you raised. Mr. Carlock said either one of them could discuss it with you. Mr. Carlock said he would be in his office but Mr. Snyder has a luncheon date. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Willis has some questions and answers he drafted for Secy's television appearance on your desk for clearance and had hoped Messages for Mr. Volcker - 3 - June 13, 1969 to get them to the Secy. before he left for Chicago. He said he checked with Mr. Stith and they did not • get all the Q&A's to the Secy. before he left and will be getting more material to him tomorrow ni• g ht when he • gets back, so Mr. Willis would like to get your clearance on his material sometime today if possible. 12:50 PM - Robert Wallace stopped by to say hello. 2:50 PM - Gov. Daane called. He is anxious to talk with .a will be out of his office I until 3:45 p.m. and will try tI reach you then -- or that you return his call when you are free to talk with him, (147 - 211) 2:55 PM - Mr. Petty would like to see you as soon as possible. 2522 Gov. Daane called again and said this isn't what he needs to talk to you about but he wanted to suggest that, if you and Mrs. Volcker were free this evening, would you be interested in having a drink with him andDaane g out for dinner somewhere. at their house and then goin• I told him you were going to the Carlock award dinner but I knew you'd appreciate the suggestion. David Rockefeller called and is anxious to talk to you as soon as you can return the call this afternoon. NYC 552-3255 3:10 PM - Page Nelson would like to see you some time this afternoon, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on something he wants to get guidance before you get away. Messages for Mr. Volcker June 13, 1969 - 4 - Fed and would like to speak to NY om fr ed ll ca es lm Ho . Mr 3:25 PM possible. I asked if it you on the phone before 5:00 if get back to him before 5:00, were possible, if you couldn't time over the weekend. that you could talk to him some He out but word could be gotten said he expects to be in and could call k you. to him over the weekend and he would like to speak to you. and ed ll ca er yd Sn Mr. PM 4:00 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis m. it involves a personnel proble He said He has already selected for his office and now the a professional summer interns g that he take someone in st si in lix iti ims are le op pe Personnel Nixon program. else selected as part of the He doesn't want esn't want the one Personnel 2 interns and particularly do is trying to make him take. He did say if you are really . up with Mr. MacLaury on Monday stacked up, he can take this - 1 - Messages for Mr. Volcker Friday, June 13,1969 just gone 8:55 AM - Mary Harris called to say that the Secretary had to a meeting upstairs and that he wanted to see you on his return to his office -- which she thought might be about 30 minutes. OM MID (She will call when he gets back.) I told her you were having breakfast out, but thought you would be in shortly. 9t12 AM - Mary called again and asked that you come in to see the Secretary as soon as you get in. 9:15 AM - Mr. Willis just called to say that he is sending around a Q&A paper for the SecrEtary's Face the Nation appearance for your clearance, which he says he needs to have before 10:30 AM -- about when the Secretary leaves for Chicago. ig 9:50 AM - Mr. Petty called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He wondered whether he might stop in to see you about 10:10 AM if you were free. I told his Secretary that you were with Mr. Kennedy, and that I lould call on your return. (2522) June 13, 1969 - 2 - Messages for Mr. Volcker 11:20 AM - Peter Gilsey called and would like you to call him. 298-7830 11:30 AM - Bob Solomon called and would like you to call him. 11:35 AM - Mr. Eggers called and would like you to call him. 11:40 AM - Mr. Brumley is anxious to see you. NOTE: 147 - 238 2093 8191 Leonard Dixon said he had spoken to the Embassy in Copehhagen to cancel out the fleet of cars that were to be available for the Secy. & party. He said he had asked that you be met at the airport when you arrive (he told them he'd send details of arrival time, ec.S cable) but said he had not asked the Embassy to make a car available for your use during your stay, as needed. I assume you will wish to have a car available for your use during your stay. Shall I ask Mr. Dixon to request this in the cable he sends? YES NO 12:45 PM - Messrs. Carlock and Snyder are ready to talk to you about the question you raised. Mr. Carlock said either one of them could discuss it with you. be in NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Carlock said he would sSice but Mr. Snyder has a luncheon I. Mr. Willis has some questions and answers he drafted for Secy i s televisiS n appearance on your desk for clearance and h25 hoped Messages for Mr. Volcker June 13, 1969 - 3 for Chicago. to get them to the Secy. before he left He did not get all said he checked with Mr. Stith and they will be getting the Q&A's to the Secy. before he left and gets back, so more material to him tomorrow night when he nce on his material Mr. Willis would like to get your cleara sometime today if possible. hello. 12:50 PM - Robert Wallace stopped by to say 2:50 PM - Gov. Daane called. He He is anxious to talk with you. p.m. and will try will be out of his office I until 3:45 his call when you to reach you then -- or that you return are free to talk with him. (147 - 211) 2522 as soon as possible. 2:55 PM - Mr. Petty would like to see you said this isn't what he needs 2:56 PM - Gov. Daane called again and t that, if you to talk to you about but he wanted to sugges ld you be and Mrs. Volcker were free this evening, wou Mrs. Daane interested in having a drink with him and somewhere. at their house and then going out for dinner award dinner but I told him you were going to the Carlock I knew you'd appreciate the suggestion. anxious to talk to you 3:00 PM - David Rockefeller called and is ernoon. as soon as you can return the call this aft NYC 552-3255 time this afternoon, e som you see to e lik ld wou 3:10 PM - PageeNelson guidance before you get away. get to ts wan he ing eth som on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker June 13, 1969 - 4 - 3:25 PM - Mr. Holmes called from NY Fed and would like to speak to you on the phone before 5:00 if possible. I asked if it were possible, if you couldn't get back to him before 5:00, that you could talk to him sometime over the weekend. He said he expects to be in and out but word could be gotten to him over the weekend and he could call k you. 4:00 PM - Mr. Snyder called and would like to speak to you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis it involves a personnel problem. He said He has already selected a professional summer interne for his office and now the Personnel people are imatiex insisting that he take someone else selected as part of the Nixon program. He doesn't want 2 interns and particularly doesn't want the one Personnel is trying to make him take. He did say if you are really y. stacked up, he can take this up with Mr. MacLaury on Monda - 1 - Messages for Mr. Volcker Thursday, June 12,1969 9:05 AM - Mr. Weatherbee called to check your calendar for Monday, June 23 2 for a time when you would be free to attend the swearing-in for Mr. Weidenbaum (which he said he had discussed with you last night). We have put a hold on 3:30 p.m. and he is going to clear this with Mr. Weidenbaum after which he will call back to confirm. 9:10 AM - The Secretary is having a closed luncheon in the Dining Room today for new Treasury employees in the Schedule C classification (Mr.Chotard, etc.) - and the Dining Room is therefore not/open to the usual luncheon guest list. 9:25 AM - Mr. Dale has arranged for you to see Mr. Schweitzer from http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 11:45 to 12:30 p.m. today. NOTE: (ON CAL.) Mr.Weatherbee has confirmed 3:30 p.m. on Monday, June 23, for Mr. Weidenbaum's swearing-in -- in Room 4121. (ON CAL.) Messages for Mr. Volcker - 2 - Thursday, June 12,1969 10:00 AM - Ruth Johnston of the Social Office at the White House called to extend an invitation to you and Mrs. Volc ker from the President and Mrs Nixon to attend the worship service this Sunday, June 15, at 11:00 a.m.. (guests to be seated by 10:45 an in the East Room of the White House. The speaker is the Reverend Dr. Norman V. Peale -- and the serv ice is expected to last an hour, with a short reception foll owing when the Pre-sident will greet his guests. (They anticipate that 280- 300 people will attend) -- Entrance through the Southwest Gate -- and parking on the grounds. (As a matter of information, I inquired as to whethr children might accompany their parents to these services -- and she said she did not know -- particularly for the service this Sund ay, since the response to the invitation to hear Dr. Peal e is largely in the affirmative -- but she would have an answer on the RSVP call.) I explained to her that you are scheduled to depart for this Sunday of departure Denmark/-- but the time/has not been confirme d and that if it were at all possible to attend I was cert ain you would be very happy to accept the Praident's invitati on. we would reply when you had been consulte d. I told her Is it all right to regret the invitation -- since you probably will be en routc to Denmark? YES NO (Miss Johnston - 145-2510-11-12.) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Secy's Staff has been cancelled for tomorrow morning so no problem on the Birnbaum breakfast. - 3 - Messages for Mr. Volcker 1:45 AM - Mr. Rustad called. Thursday, June 12, 1969 He asked that his call be returned. (2466) 3:05 PM - Mr, O'Bannon in OASIA Administrative office, called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis said Mr. Webster said he talked to you this morning about the trip to Copenhagen and the possibility of your taking with you Messrs. Colman, Willis, and Widman and possibly Cherie Spaulding. Mr. O'Bannon said he needs to call Mr. Gannon in Copenhagen and cancel some reservations and would very much appreciate knowing your decision about these people and what to do about reservations (hotel) for them 2880 3:25 PM - Mary Harris said you were supposed to try to get Rudy Peterson on the phone between planes because the Secy. had an appointment on the Hill. She said his Hill appt. has been washed out and to let you know that the Secy. will try to reach Mr. Peterson himself and, if he fails, Mary will pass the information on to you to call Mr. Peterson in Europe, WAnesday, June 11,1960 M(ssages for Mr. Volcker at the 10:00 AM - We have accepted Chairman Martin's invitation to lunch Fed Board today. Accompanying you will be Messrs. MacLaury, and .S5 is at home /Snyder.amdxRetimmx (Mr. Saunders is away; on sick leave; Messrs. Carlock and Auten have other luncheon engagements.) 10:55 AM - Mr. Webster called and would like to speak to you on the phone. 8484 11:00 AM - Girard Spencer called and said he could be reached until 1:15 PM at 355-6220 in NYC - NY Op. 280. to call If you are unable mSy 1:15, he can be reached after 4:00 PM at TE 8-0527 in NYC. 12:05 PM - Ghrm. Martin's office called to extend an invitation to you to a small informal stag dinner he is giving for Gov. Carli , at 7:30 PM on at his home, Tues., Rune 24th - business suit. Cal. clear. OK to accept? YES NO 12:15 PM - Mr. Holmes called from the NY Fed and would like you to call him. PENDING FROM YESTERDAY: Japanese bilateral. Petty wanted to see you about his (2) Mr. Houthakker called you at 4:00 PM yesterday and I don't believe you w returned his call. 12:25 PM - Under Jecy. of State for Political Affairs U. Alexis Johnson http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 2 - June 11, 1969 r on when called you and said he would call you again late you were not available. (He expects to leave his office 3:45 PM - Mr. Coombs returned your call. at 4:30 p.m. this afternoon.) talk to you 4:43 PM - Mr. Weatherbee called you and is anxious to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on the phone about Mrc Weidenbaum's swearing in. Messages for Mr. Volcker _ 3 June 11, 1969 6:25 PM - Mr. Widman called and asked if we'd received thed BIB Annual http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis report. I said we hadn't yet. He said they have received a copy which they can get right down if you want to see it. Tuesday, June 10,1969 - 1 - Messages for Mr, Volcker 4:30 p.m. 10:55 AM - Mr. Willis has set up a Volcker Group meeting for tomorrow (Tuesday, June 11), in Room 3312. -- (ON CAL.) 11:25 AM - Pete Nagan is coming in to see you at 6:00 p.m. this afternoon. (ON CAL.) 11:30 AM - Girard Spencer called you from NYC and said he would call again this afternoon around 4:00 PM. NOTE: I checked with the ABA and found that Mr. Reuss is the only member of Congress invited to their Copenhagen Conference he was invited because he s was selected to participate in one of ktulklust panels. I called Mr. Widnall's office about an appoint- ment and he apparently overheard that it was your office calling and himself suggested 3:30 this afternoon. Your cal. is clear then, assuming your lunch with non-Ten Exec. Directors of IMF will be over, but you do have Dick Janssen and Jack Norman of Dow-Jones coming in to see you at 4:30. you enough time with Widnall. I hope this will give Reuss will be on the Secy's plane, 11:40 AM - Marty Miller called and reiterated all the thingshe had said before about him and Mr. Rustad having a session with you this week, excepting this time he said he would be available next week, when you'll be in Copenhagen, and then he ;will be leaving on a trip to Europe (personal). 12:40 PM - Mr, Hirschtritt stopped by and would like to see you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2803 Messages for Mr. Volcker 3:10 PM - Mr, Petty called. - 2 - Tuesday, June 10, 1969 He would like to have about 10 minutes with you sometime this afternoon to talk about his Japanese bilateral I told his secretary we would call after your return from the Hill when you might be free, (2522) 3:25 PM - Mr. Willis' office called to say that the Volcker Group will combine with the Working Group of the Volcker GroupI(Bill Dale's group) for a joint meeting at 4:45 p.m. tomorrow (Wednesday, June 11), in Room 4426 - and the subject will be limited flexibility. ON CAL. 3:50 PM - Gerry Spencer called from New York, I explained that you were on the Hill and the possibility was that you might not be free to talk with him this afternoon. He said tomorrow was aixuad A.C,212all right and asked that his call be returned. PHONE:/ TE-80527. 4:00 PM - Mr. Houthakker called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. (103-5046) NOTE: The Secretary's Staff meeting has been scheduled for 8:45 AM this week on Friday, June 13, instead of on scheduled to Wednesday, Since you are/have breakfast with Gene Birnbaum at 7:30 a.m. that morning, shall we advise the possibly Secretary's office that you may/join his Staff meeting about 15 minutes late? YES NO (Mr„ Birnbaum was going to OTHER be here on Friday and Saturday, the 13th & 14th, but he has scheduled other appointments after having arranged to breakfast with you on the 13th.) r Messages for Mr. Volcke 9:15 AM - - 1 - Monday, June 9,1969 ve informed that you will ha en be s ha ce fi of 's ee Mr. Weatherb Dining Room. lunch in the Secretary's d s Angeles, called. He ha Lo , nk Ba n io Un e th of e ar 9:45 AM - Samuel St day and wonderto on gt in sh Wa in be d ul wo written to say that he he amE few minutes. He said r fo u yo e se t gh mi he ed whether nk. I suggested to him Ba e th of r ge na ma o li fo was bond port ted saidfad also been sugges he om wh , ry au cL Ma . Mr that he see and tkilixwatxxagnmaiDite and d, Fe NY e th of es lm Ho . to him by Mr . to Mr. MacLaury's office d re er sf an tr s wa ll ca his call be returned. (103s hi at th d ke as He . lled 10:10 AM - Dr. Burns ca 2373) the e you before he goes to se to ke li d ul wo ry au 12:10 PM - Mr. MacL in you return from the Hill if g, in et me m iu an ur 1:30 PM time. 12:20 PM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis u on the phone. yo to k ea sp to ke li Willis would 5334 Messages for Mr. Volcker - 2 - June 9, 1969 3:25 PM - Reese Stith would like to see you about your press backgrounder. 5985 3:30 PM - Mr. McCamey called and said our new Ambassador to Japan, Mr. Meyer, is making his rounds before leaving and will be in Washington this coming Friday and next Monday. Mr. McCamey tried to arrange an appointment for him with the Secy. but was not successful because the Secy. is leaving town at 10:30 AM on Friday and will be in Copenhagen the following 1/2 week. In view of the Secy's inability to see Mr. Meyer, Mr. McCamey felt it was important that you see him. suggested 11:00 AM on Friday. On cal. I (Mr. McCamey is also arranging for Mr. Petty to see Mr. Meyer) 3:30 PM - Marva called to let us know that Mr. Weidenbaum is in his office, in case you wish to see him, and he expects to be here tomorrow and possibly Wednesday. 5:15 PM - Mr. Walker stopped by to see you with Jim Smith and, when I told him you had Mr. Maude with you, asked if you had called any of the former Secys. of Treasury yet. think you had NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I told him I didn't He would like you to call him, After you asked me about the papers on your house, I called Mr. Barr's office to check the status and was told he is out of town until Wednesday and their expert on housing was in a meeting and going directly from there to a dinner. Mr. Barr's secy. said she'd check it out first thing in the morning and let us know status Wednesday - Friday June 4-6, 1969 1 Messages for Mr. Volcker Wednesday, June 4 9:45 AM - Mr0 Weidenbaum has left word that he will be here Monday afternoon and all day Tuesday of next week - June 9-10. ON CAL. 10:40 AM - Mrs. Wood, Gene Birnbaum's secretary, called to say that Mr. Birnbaum will meet you at the Watergate Terrace Restaurant, for your breakfast meeting 2650 Virginia Avenue, N.W.,/at 7:30 AM on Friday, June 13. ON CAL. 11:00 AM - Gaylord Freeman of the First National Bank of Chicago stopped by to say hello. He said he hoped to see you in Copenhagen. 3:25 PM - Bart Rowen called. His call was transferred to Mr, MacLaury. 5:30 PM - Mr. Rossides stopped by to say that the meeting with Fred Smith and Er. Petty went very well. The General Counsel's office is drafting a contract - and it's all set now. (Re: The Customs' Balance of Payments Study.) Thursday, June 5 NOTE: I gave Mr. Bernstein's secy. the information about Janice and Sidwell and she called back a short time later and said he had made a call and would have an answer back either late today or next Tuesday, as he would be out of town Friday through Monday. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I talked to Bill Reed at Manhattan Laundry about your suit. June 4 - 6, 1969 - 2 - Messages for Mr. Volcker Thursday, June 5 (Cont.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he appreciated the fact that you'd prefer to have the suit back to being reimbursed and said they'd do all they could to try to locate it. He said he had received word on May 21st that the suit was missing and had checked and found that the suit never arrived at the plant for cleaning; therefore, he feels the pickup man must have put someone else's name onthe suit. If this is the case, it must have been the name of someone in your apt. bldg. I called Mrs. Lipkin and reported this to her; she said she would put alio notice on the bulletin board asking any tenant finding a suit that doesn't fit them to turn it in at the desk. I have also asked Mr. Eggers to check his suits, as Mrs. Lipkins said he sends several suits to the cleaners at a time. She also mentioned a Mr, Hart Mankin as another tenant who sends several suits at a time; she said Mr. Eggers knows Mr. Mankin and I will ask Mr. Eggers to speak to Mr. Mankin about it if he sees him -- as Mrs. Lipkin will do, as well, if she sees Mr. Mankin. Mr. Reed said they usually wait 30 days after a garment is lost, in the hope it may be located, before reimbursing the owner. I asked him, in the meantime, to send you here at the Treasury the necessary forms to fill out in case the suit is not located. He said he would do so. Mr. Reed's phone number is DuPont 7-1111. Messages for Mr. Volcker June 4 - 6, 1969 - 3 - Thursday, June 5 (Cont.) 11:15 AM - Marty Miller called and said he was able to get an appointment http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with Mr. Townsend on the same day he is seeing Mr. Roche -next Thursday. He said he was trying to get the Committee operation on a sounder basis and has lost a lot of time because he is in the middle of setting things up for next year while finishing up this year. When he saw you last week you agreed he could hire someone to assist him but said you would have to tell Mr. Rustad that it will have to be a grade 15. He said he had a well qualified person lined up who could have begun immediately but he has taken another job. Re said he has someone else in mind now who is also qualified and very good. He said he was with the Secy. on Tuesday -- he did not go into this personnel matter with him but told him what he is trying to do with Roche, so that is all right. He hopes you will be able to have the meeting with him and Mr. Rustad on Monday, Tuesday, or Friday of next week, as he is going on a trip to Europe the following week and would like to get things lined up before he goes. 1 - 4 June 4 - 6, 1969 Messages for Mr. Volcker Miss 1:45 PM -/Mrs.Rueger of the Personnel Office returned your check in the amount of $30.00 (which had been delivered to her on May 20 for reservations for you and Mrs. Volcker for the National Civil Service League banquet,\ at which Mr. Carlock will be receiving his award)-- because as a guest at the head table and the representative Cabinet Officer from Treasury you are the guest of the National Civil Service League. NOTE: (2425) concerning the arrangements for your admission low o I have spoken with Mr. Mintz of the Personnel Office -4-0 to and he informs me that those who have reservation tickets cPAr'r wilt siof vv.% f--titz present them when they are seated at their tables -- those at the head table will not need any. (He said he will check these details out further, and suggested that we call him again on Tuesday.) He said also that Mrs. Volcker will be seated at a table for the wives. 2:15 PM - Bill Hefflefinger of ABA called to invite you t131 and Mrs Volcker at the Civil Service LeagE banquet on 6/13 to sit at his table/. I explained what your role was going to be and of the arrangements being made for you, and he said he would see you at the banquet. 2:40 PM - Bill Dale called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said that you had spoken to him about setting up a Volcker Group meeting this coming week (week of June 9) on exchange rate flexibility. Your calendar for the afternoon of Wednesday, June 11, is clear and a nhold" has been put on 4:00 p.m. until this time can be checked out with the various members (ON CAL,) June 4 - 6, 1969 - 5 Messages for Mr, Volcker Thursday, June 5 NOTE: Miss Ann Tyler of Fortune Magazine had called on Wednesday, June 5, to try to set up an appointment with you.. Her call was referred to Dixon Donnelley and he has arranged for Mr. Sanford Rose and Miss Tyler (both of Fortune) to see you at 3:00 p.m. on Thursday, They are coming down especially to talk the the with you for a special story on/long-range outlook on/international June 12, in your office. monetary system -- for background only -- quotes to be attributed only as approved by you. (Mr. Donnelley or Mr. Brumley may sit in.) ON CAL. Mr. Donnelly strongly recommended that you do this. OK? Friday, June 6, 1969 9:50 AM - Mr. Dale called to say that arrangements are being made for you to host a luncheon for 7 IMF Directors of Non-10 Countries in the Secretary's Dining Room on Tuesday, June 10, at 1:00 p.m. Attending will be: Messrs, Kafka (Brazil), Kharmawan (Indonesia) 3 Escobar (Chile), Phillips (Mexico), Madan (India), Williams (Trinidad and Tobago), and Yameogo (Upper Volta); also Messrs. MacLaury, Dale and Willis. He wondered whether you might want to invite anyone else from other agencies, and mentioned Gov. Daane or Bob Solomon from the Fed (or both) Invite also (The Dining Room can comfortably take care of about 15 - according to Mr. Weatherbee's office.) NOTE: --ON CAL,- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Pascoe has reserved the Secretary's Dining Room: (You are Acting Secretary that day.) Mr.. Dale is extending the invitations. In the event the Executive Dir.is unable to attend, his Alternate will.. Messages for Mi% Volcker - 6 - June 4 - 6, 1969 Friday, June 6 (contd) 10:00 AM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Maude's secretary called to say that he, accompanied by Arnold Clift (1st Financial Secutary at the Embassy) would like to see you sometime Monday afternoon -- for about 45 minutes -to talk about military aircraft credits. -- ON CAL. -- Vgave him 7t-Q0 p.m, Informed Mr. Crosswhite, in Mr. Bean's absence, and he said they would send you a further briefing memo in addition to the one Mr. Bean sent you for the May 26 visit of Mr. Maude on this same subject. Colman, in case he'd like to sit in on Monday. Have also informed Mr. Mr. Bean will be back Messages for Mr. Volcker - 7 June 4 - 6, 1969 Friday, June 6 (Cont.) d like to see you on 3:00 PM - Mr. Pete Nagen stopped by and woul http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Monday or Tuesday. OK to set up? YES NO Messages for Mr. Volcker - 1 - Tuesday, June 3, 1969 9:20 AM - Mr. Heginbotham of State called to say that he had been discussing the de Kock draft letter with Mr. Willis and, in order to avoid holding the letter up, State has been trying to reach Mr. Enders in Bonn. They did get a message to him this morning and are expecting to hear from him shortly. Mr. Heginbotham wanted you to know that they will get word to you as soon as possible as to whether there were any continuing State Department problem4LTith the letter. 9:25 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 9:55 AM - Dixon Donnelley called. He asked that his call be returned. (5252) 10:45 AM - Gene Birnbaum's secy. called to ask about a convenient http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis place for you and him to have breakfast together on Friday, June 13th. She asked whether the Washington Hotel or the Watergate Terrace would be convenient, and which would be more convenient -- or if you could suggest any other place that might be more convenient. I told her I thought either one would be convenient for you -- I suspect the Watergate might be a little more pleasant and better food but have never been there. what do you suggest. Since you lunched there, Pearl had suggested 7:30 as the time for the breakfast when she informed Mr. Birnbaum that you would breakfast with him. Is this time all right or Messages for Mr. Volcker - 2 - would you prefer some other time. June 3, 1969 (Miss Wood - 974-2476) 11:25 AM - Robt. Solomon's secy. called to invite you and Mrs. Volcker to a farewell reception for Mr. & Mrs. Brill to be given by Mr. and Mrs. Solomon and Mr. & Mrs. Holland at 6:30 PM on Monday, June 23rd, at the Cosmos Club. Either you or the Secy. will be hosting a dinner that evening for Gov. Carli, but the hour has not yet been set, nor the place. If you prefer, I could ask Mr. Widman's office to try to set the dinner for 8:00 so you can attend the Brill reception? YES ,Xv NO Shall I accept for you for the Brill reception and regret for Mrs. Volcker -- saying we'll let them know if it should develop that she will be in town? YES NO 11:40 AM - Mr. Brumley called and said he has a request from Dick http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Janssen, of the WSJ, and Jack Norman of AP Dow Jones Intl. Economic Report, monetary affairs. capacities. BotilxwNxkxicax to see you to discuss intl. Both work for Dow Jones but in different Janssen writes for the U. S. audience and Norman for the Mao European and Far Eastern audience and both want to do stories for their respective publications. Mr, Brumley Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - June 3, 1969 be away the rest of this week but knows you are going to wondered if you could give them some time next week. We can fit them in next week if you're willing to grant the interview. Mr. Brumley said it could be on a background basis only, if that is what you prefer, although the newsmen would ;undoubtedly prefer "on the record." Mr. Brumley said what you can do is make it on a background basis and then let the reporters ask approval to use certain quotes, if they wish to do so. Are you willing to see them on this basis? YES NO - 1 - Messages for Mr. Volcker 9:10 AM - Mr. Dale called. Monday, June 2, 1969 He referred to the agenda which he said he had talked with you abuut on Friday, and said that he may call you at Camp David this morning. 9:15 AM - Mr, Bergsten called. He asked that his call be returned. (103-5026) 9:30 AM - Governor Daane called from Idlewild, New York - asking whether any changes had been made on the draft paper dated May 31 on the "Working Party" paper. He hadn't heard up to this point, and assumes that there are no changes in this case. Should there be any, he can be reached in Griffin's office in London; he expected to leave the airport in about 20 minutes. NOTE: According to Gov. Daane's office, he will be arriving London thiievening at 9:40 p.m, London time (4:40 p.m. Washington time) and will leave London on Tuesday, June 3 at 5:00 p.m. London time (12 Noon Washington time. While in London, he will be staying at the Connaught Hotel, Phone: Gro. 7070. 10:30 AM - Marty Miller called and said he is going to be in Detroit http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis seeing Mr. Roche on June 12th and wculd also like to see Mr. Townsend. He will be tied up all day on the 11th with the Savings Bonds Ad Council. He was calling re scheduling himself and Mr Rustad with you prior to the a meeting for 11th. I told him you'd just be back from Europe on the 9th Messages for Mr. Volcker - 2 - June 2, 1969 and said I'd have to check this out wit h you. He also wanted to remind you that the Secy. is to see the Roche film, running about 15 minutes, in the Projection Rm. at Treasury at noon tomorrow. cal. Do you wish to see? I've tentatively noted on Mr. Miller thinks it important that you see sometime. 10:45 AM - Protocol at State called to invite you to the dinner Mr. Samuels is giving for Abs at 8:00 PM on Mon., June 9, at Blair House - a small group - black tie Cal. clear. (Mr. Colman called to ask if you'd been invited and said he thought it was important that you attend. He'll be sending a briefing paper to Secy. sometime this week and will send you a copy.) OK to accept? (182 - 2007-8) YES NO NOTE: Exec. Sec. called to say that Ros e sent the memo to the President re appt. for Schiller to the White House last Thursday evening. 2:00 PM - Mr. Sauer (ExImBank ) called to say that appropos of his conversation with you on Friday, he has a message for you fro m New York about the sale of the securities, and would like to you sometime this afternoon on the telephone. (1246) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Monday, June 2, 1969 _ 3 _ Messages for Mr. Volcker the time for the 2:30 PM - Mr. McCracken's secretary called to say that ged from Uranium Task Force meeting on June 9th has been chan 430 pm to 1:30 p.m. to accommodate Commissioner Johnson. Room 312 unless (She indicated that the meeting would be in his officqa, er it turned out to be too small to take care of the numb attending -- in which case it would be held in an upstairs conference room. She will call again the latter part of this week with further information.) Your calendar is clear. NOTE: ON CAL. I have checked out the date for the next Fed luncheon at Treasury with Mary Harris, which will be June 23. ON CAL. 2:50 PM - Mr. Deming called from N w York. returned. He asked that his call be N.Y. Oper. 410 - Phone 422-1649. ed to Morgan Stanley 4:50 PM - Walter Sauer called and said he talk http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis their paper about how much time they have on the sale of of this in NY and they have to do something by the end week --really in the next couple of days. He wonders if Mr. Carlock and you could straighten him out. He talked to d prefer that to if you could keep Carlock informed, he woul r said he'd be Mr. Saunders, who is away too much. Mr. Saud rd and in the at home all evening from about 6:10 PM onwa . He said he'd stay office tomorrow. Home phone away from Budget until tomorrow at least. Messages for Mr, Volcker - 1 - Wednesday, May 28, 1969 10:15 AM - Mr. Rendall called to say that the Secretary is seeing the Yugoslav Ambassador (who is paying a courtesy call on the Secretary and the subject they probably will discuss is trade), May 29 at 4:00 pm on Thursday/-- in the Secretary's Office. He wondered whether you might like to sit in clear.) -- Mr. Rendall will send you a copy of the briefin g paper he is providing the Secretary. you will 10:30 AM - Gov (Your calendar is Shall we inform him that will not attend? (5932) Daane called you - said he'd try to get someone else. 12:00 M - Gov. Daane called again and said he needs to check some action the Board is thinking of taking with you. I told him your schedule and he said he was going out for an hour but he hoped you might have a chance to call him before you leave for the Hill. He said he could be reached in the cafeteria. 12:10 PM - Mr. Jurich's secy. called and said he would be up on the Hill and would meet you in Sen. Percy's office at 1:45. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mrs. Deely called just after I took the note to you and said Mrs. Volcker had called her and she would be able to keep Janice and take her to her appointments tomorrow. she and Mr The only problem is Deely have to meet someone coming in at Dulles at 5:30 today and she will be leaving the house around 3:15 to go and pick up her husband and go to Dulles, so she can't meet Janice but she will have someone at home to receive Messages for Mr. Volcker May 28, 1969 - 2 - Janice whenever she may arrive if we can have someone meet Janice and get her to the Deely's. She said she could deliver Janice to her appointments at the Cathedral and Sidwell tomorrow. We are to let Mrs. Deely know what time Janice will arrive at her house this evening. I /asp told Mrs. Deely I felt sure we could have someone meet Janice at the airport tonight and probably also pick her up and get her to the airport tomorrow, but I said we'd let Mrs. Deely know the arrangements when you had decided how to manage things. 2:45 PM - Alfred Reifman of State called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He would like a quick word with you when you are free on the paper which is being wu submitted to the Europeans Next Five Yaars. 182-2912. Need for Reserve Creation in the 1 6 oi° Messages for Mr REMINDERS: NOTE: Volcker 1 May 27, 1969 (1) You wanted to call Evan Galbraith - NYC PLaza 2-0331 (2) Talk to Mr. Widman about trip. (3) Talk to Mr. Samuels about Bonn. (4) Call Mr. Lord at Sidwell. I've given Marty Miller 5:00 PM today to see you. 10:25 AM - Mr. Albright called and is anxious to see you. On cal. Said he doesn't have a secy. and to call 5370 when no one answers He'll probably be checking with us again this on 2446. afternoon. 10:35 AM - Mr. Kearns called and would like you to call him. 1246 - 201 L1112 AM - Amos Latham in Personnel needs two minutes with you on, the phone 2701 11:50 AM - Mrs. Harfield called and said the grass has bean cut at your house t she drove by this morning and it looks fine. ////c2:10 / PM - Mr. Schweitzer called. He asked that his call be returned. (181-3057) 12:40 PM - Joe Slevin called, expressed appreciation for all that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had been done to help him on his trip, and said he'd like very much to see you -- so much has happened while he was away I asked him what his situation was on Thurs. and he said fine excepting he's hoping to get away sometime in the afternoon for a long weekend. He mentioned the 44 • Messages for Mr. Volcker - 2 - May 27, 1969 idea of lunching together if this would be any easier for you. You are free for lunch on Thursday. Would you be willing to lunch with him at 1:00 on Thurs.? YES NO (Only thing so far on cal. on Thurs. is 11:30 to 1:00 WP-3 del. meeting.) 4:05 PM - Mrs. Jacobsen, Senator Percy's secretary called to ask whether http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you could see the Senator in his office sometime on Tuesday, June 3 -- to review some material and answer several ciLestions concerning a presentation the Senator is making in connection with the Treasury at NATO on June 11th -- it can't be done over the telephone, according to Mrs. Jacobson. Since you may either be in Europe or en route on June 3, IAsked what other time the Senator might have free (He is leaving for Illinois on Thursday and won't be back until late on Monday) Neither your calendar nor the Senator's left much choice -except for 1:45 p.m. on Wednesday (tomorrow), May 28 You are scheduled to attend the luncheon with the Business Council in the Secretary's Dining Room at 12:00 noon; the Senator has a 1:00 p.m. luncheon - but his secretary thought this might be a good time -- since the Senator uould need only about 20 minutesc I asked her to put a hold on 1:45 p.m. tomorrow contd/3 _ 3 _ Wednesday - May 28th - until you had been consulted for time. (NOTE: She had asked about 4:30 p.m. This is the time when you have the Volcker Group scheduled for a working session through dinner and into the evening.) Is it all right to confirm 1:45 p.m. Wednesday, May 28, for you to see the Senator to review his material for the NATO session -- in his office? YES fri- NO OTHER (Mrs. Jacobsen - 180-7936 or 2152) - (She suggests that we get back to her this evening so that the Senator can be informed his lunch hour will be shortened.) NOTE: Mr. Saunders said he plans to be away from Washington on personal business next Monday and Tuesday, FYI, NOTE: V Mr. Willis' office advised that the Volcker Group and the VG Working Group I will meet jointly in Rm. 4125 at 5:00 PM tomorrow (starting at 5:00 instead of 4:30). The Volcker Group only, but not the Working Group, will go into the Secy's Dining Rm. at 6:30 for a sandwich supper, following which the Volcker Group alone will meet in your office. 4:35 PM - Mr. Jurich http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On cal. May 27, 1969 - 4 - Messages for Mr. Volcker 4:40 PM - Mr. Brumley called and said Stan Wilson, of Business Week, is doing a story on SDR's for Business Week and would like LI Your to see you sometime before Thursday night. presently clear on Thursday afternoon. cal. is Would you be willing to see Mr. Wilson at, say.:2:00 PM? YES NO I told Mr. Brumley you were running a pretty hard and tight schedule and he said, if you can't do it, maybe Mr. MacLaury can. Would you prefer that Mr. MacLaury handle? YES NO 4:45 PM - Mr. Wallich called and would like to speak to you on the phone when you're free. 5:30 PM - 5881 Mr. Albright called again. He said he might try to see you or talk with you for a moment right after Secretary's Staff meeting tomorrow morning - hopefully, sometime between 9:30 a.m. and 10:00 a.m. Mr. Brumley called later and said Mr. Wilson has now been instructed to be in NYC on Thursday because Dr. Walker is going up there. Can we arrange for Mr. Wilson to see you on Wednesday or Friday or up to noon on Monday. Friday is a Govt. Holiday but would you want to see Mr. Wilson some day time that day, since Wed. and Monday http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker morning are out? 5 May 27, 1969 YES NO Or would you want Bruce MacLaury to talk to Mr. Wilso n? YES NO NOTE: As he was leaving, Mr. Miller said to remind you to call Mr. Rustad tomorrow about giving Mr. Miller authority to hire someone of his own selection right away. He also said you wanted to set up a meeting with him and Mr. Rustad and you when you got back from Europe and he hoped this could be Monday or Tuesday, M June 9 or 10, as he (Miller) is seeing Mr. Roche some time that week and needs to have this session before he sees Mr. Roche. Mr. Miller also mentioned that he was going to Europe himself (he didn't say when) and would have to lose his money if he changed his plans. He will undoubtedly be calling me on June 9th, as soon as you're back . 6:25 PM - Mr. MacLaury called and would like to speak to you on the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis w phone when you're free. fi 04 '1 ‘av7 4/1 a a r2v4A.4) Messages for Mr. Volcker - 1 Monday, May 26, 1969 9:30 AM - Dr. Oliver Jones' secretary called tdconfirm your luncheon engagement with Dr. Jones at the Cosmos Club today at 12:30 pm. 9:40 AM - Mr. Rossides and Mr. Petty will be back to meet with you at 5:30 p.m. today. ON CAL. 10:15 AM - Mr. MacLaury called and wanted to speak to you on the phone - said he has 4 message on Singapore. like you to call him. 10:16 AM - Mr. Kearns called and would 11:25 AM - Gov. Daane called and would like to speak to you on the phone if there is a chance before lunch. NOTE: Mr. McCamey is setting up a WP-3 del. mtg. at 11:30 on Thurs. Wed, afternoon did not prove feasible. On cal. 12:30 PM - Rose Cicala called and said Dr. Burns is having a 10:30 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis mtg. tomorrow on airports and air ways and Secy. Kennedy has a conflict and cannot attend. You can attend and I assume you will and will take Mr. MacLaury with you. I tried to find out something more about this from Dr. Burns' office but his girls did not know anything more and said there would be no papers in advance. Those invited were Secy's Volpe and Kennedy, Messrs. McCracken and Mayo. Burns' office said Mr. Burris could tell you something more about this if necessary. Shall we tell Mr. MacLaury you would like him to accompany you? YES NO Messages for Mr. Volcker - 2 - 1:30 FM - Gene Birenbaum called from New York. Monday, May 26, 1969 He knows in advance that he is going to be in Washington on Friday and Saturday, June 13 and 14, and would like to have breakfast or lunch with you on either day. If this is not possible, he would like tc stop in to see you sometime on Friday, June 13. He wondered whether he might have an gm, answer from you this afternoon, since he has other appointments he must fit in. Your calendar for breakfast and lunch on either of the two days he expects to be in Washington is clear. you and Mrs. Volcker are departing Washington at 7:30 a.m. on Sunday, from Andrews A.F.B. June 15, for Copenhagen/on the Secretary's plane. -- --?, ----T/? Friday, June 13: Breakfast Lunch (?) 7;:3t A Saturday, June 14: Breakfast Lunch (?) tf.1 ‘/Ae l http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis g,f , Do you wish, instead, to give Mr. Birenbaum an appointment day in your office? (All/of MExtrillayx Friday, June 13, is open as of today.) YES OTHER (A.C. 212-974-2456) NO I - 3 - Messages for Mr. Volcker Monday, May 26, 1969 2:30 PM - Mr. Saunders is arranging a meeting on Savings Bonds in your office, from 2:30 p.m. until 4:00 p.m. on Wednesday, May 28. Attending will be: Messrs. MacLaury, Saunders, Carlock, Snyder Rustad (and one of his staff) and Mr. Winston of Public Debt. ON CAL. 3:25 PM - Mr. Dale called. He asked that his call be returned. (181-3067) MRIXX NOTE: Exec. Sec. says you'll be Acting Secy. on Mon. & Tues., June 9 and 10. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On cal. Mary Harris called and said Nat Samuels invited the Secy. to a small black tie dinner at Blair House for Mr. Abs on Monday night, June 9. invited. The Secy. can't go but said you should be Mary said we'd be hearing directly from State on this. You and Mrs. Volcker were invited to dinner that evening by the Danish Amb. and Mrs. Roenne but had indicated you thought we should regret since Mrs. Volcker won't be here. I haven't regretted yet but will do so, if you agree, and accept the invitation to the Abs dinner when it comes. YES NO Messages for Mre Volcker - 4 - Monday, May 26, 1969 5:00 pm.- Mr, MacLaury has set up a meeting on 4k percent ceiling at http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis A 8:45 AM, tomorrow, Tuesday, May 27, in your office Attending will be Messrs0 MacLaury, Jim Smith, Meek, Cook, Saunders, Snyder and Banyas. ON CAL Messages for Mr. Volcker PENDING FROM YESTERDAY: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis --(1) May 23, 1969 Return John Wilson's call, at Chase, AC 212 - 552-3701 (2) Call Bob Bethke„,fe Annual Outing for invest7,ifficials on Thurs., June 12th. as attached) S-02.44, r dAA-t"-a.ik-- AC3-4400 (11 147t Messages for Mr. Volcker May 23, 1969 - 2 - 2:45 PM - Mr. Samuels called and would like you to call him. 182 - 2232. 4:45 PM - Dr. Oliver Jones' secretary was contacted about switching http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis your luncheon engagement with him from Tuesday, May 27, to Monday, May 26 (since you are now attending the luncheon at State on Tuesday, May 27, for the Prime Minister of the Netherlands, P.J.S. de Jong and the Foreign Minister of the Netherlands, J.M.Aji.Luns). Dr. Jones is out of town for the weekend and expected back in his office on Monday morning His secretary has switched luncheon arrangements for Dr. Jones so that he might lunch with you on Monday instad of Tuesday, and has tentatively set the luncheon for you and Dr. Jones at 12:30 on Monday, May 26, at the Cosmos Club The time is 12:30 p.m. rather than 1:00 p.m. since Dr. Jones has an appointment on the Hill and would necessarily have to leave the Cosmos Club at i2 2:10 p.m. or 2:15 p.m at the latest. I have explained to Dr. Jones' secretary that you will be a meeting attending/at State (starting at 11:00 a.m.) on Monday morning, which is expected to run until 12:15 p.m., and hopefully not any longer. RIM She will call back on Monday morning to confirm after consulting with Dr. Jones on his return to his office. (Dr. Jones had a conflict on Thursday, May 29 -- which left only Monday open for him.) to be confirmed Monday A.M. ON CAL. - Tentatively; - 1 - Messages for Mr. Volcker 8:45 AM - Thursday, May 22, 1969 Red Cross, called al on ti Na e th r fo y ar et cr Harold Starr, Se your ceptance of/t1 g appointac ur yo ed iv ce re 't dn to say that he ha ey need this before Th s. os Cr d Re the to r re ment as Treasu to made. He said just a call be n ca nt me ce un no an ic bl pu t necessarily have to n' es do it ; nt ie ic ff su is say you accept be in writing. after 10:30 a.m. (He can be reached at home on RA 6-8336.) 9.05 AM - ur calendar for Wednesday, Mr, Willis called to check yo tting up a Volcker Group mtg. May 28th for the purpose of se kax is arranging a Volcker Your calendar is clear and he Group meeting for 4:30 p.m to continue with a sandwich ng Room at about 6:30 p.m. dinner in the Secretary's Dini dinner -- in your office. (approx.) and to resume after (ON CAL,) 9:15 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis yesterday. He expects to of ll ca ur yo ed rn tu re ns ar Ke Mr. in :30 a.m0 and will be in his 11 l ti un g in et me d ar Bo /a be to office after that (1246) - 2 - Messages for Mr. Volcker NOTE: May 22, 1969 I've alerted Mr. Webster to the fact that you would like to the Burns meeting and said we'd (He called later & said he had tc 8484 lv. at about 5:45 PM today.) ,tack. phone him when you wereI / froM see him when you return 4:30 PM - Protocol at State called to extend an invitation from Acting Secy. of State Richardson to you to luncheon on Tuesday, May 27, at 1:00 PM in the John Quincy Adams Rm. at State in honor of the Prime Minister of the Netherlands, P. J. S. de Jong, and the Foreign Minister of the Netherlands, J. M. A. H. Luns. I have asked Mr. Widman's office if they can let us know something about this visit, the reason the Netherlands officials are here, etc. You had agreed to lunch that day with Oliver Jones, of Mortgage Bankers Assn. at the Cosmos Club, but we could probably shift this to another day. ifxMxxxWidmax iHmisxitxwomidxhmxdREixakiolxiNxxxymaxilexattmmixtkExStakolx Mr. Escoube called and said this visit of the Netherto State lands officials/is purely social and no business will be immx discussed, certainly nothing financial. He said they would discretely find out tomorrow morning what the luncheon guest list looks like to help you decide whether or not you should attend. Later, Mr. Widman called and said he thought it luncheon; the would be useful for ymom you to go to this t,n http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis kitiumil Luns, fellow (I'm not sure whether he meant de Jong or has a good but probably Luns) is an ex -Trade Minister and he He said their deal of interest in some of our trade problems. trip here is almost entirely political. Mdssages for Mr. Volcker - 1 - Wednesday, Mwy 21, 1969 9:15 AM - Margaret Muelhaus called to say that both Chairman Martin and Governor Robertson are away today. Governor Daane is in New York this morning, but will be back at the Fed in time to host the luncheon today. I have accepted for you. Accompanying you will be Messrs. MacLaury, Saunders, Snyder and Cook. 9:30 AM - Mr. Hirschtritt said he would try to bring Mr. Watanabee, President of the Asian Development Bank, in to meet you about 2:50 p.m. tomorrow afternoon (Thursday, May 22) - just before your 3:00 p.m. meeting with Gilbbrt Kaplan. (ON CAL.) 9:35 AM - Oliver Jones, Mortgage Bankers Association, called this http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis morning. He said he had spoken with you last night about arranging a luncheon date - and wondered about Monday or Tuesday of next week. I tentatively suggested 1:00 p.m. on Tuesday, May 27, and told Mr. Jones we would confirm after you had been consulted. He said if this was allsot right with you, he would give us the time and place on our return call. (Noted tentatively on calendar) Is it all right to confirm the luncheon date with Mr. Jones 27 for 1:00 p.m. on Tuesday, May/94? YES (298-9220) OTHER NO - 2 - Messages for Mr. Volcker Wednesday, May 211,1969 that 9:45 AM - Mr. Weatherbee asked that we make a note of the fact if you had no conflict and were attending the Career Service Awards Banquet on June 13, at which time Mr. Carlock would receive his award, you would represent the Secretary as the Cabinet Officer in attendance with Mr. Carlock. Mr. Weatherbee said that both the Secretary and Dr. Walker If you are unable to attend, he is expected to be away. going to arrange for the next in line to take over. (He mentioned the fact that ill was more or less an established custom for the awardee to be accompanied by a Cabinet Officer of his Agency.) NOTE: You would be departing with the Secretary on his plane -- for Copenhagen early morning, Sunday, June 15. Your calendar for Friday evening, June 13 has been noted for the the National Ci41 Service League Banquet IMO ••• and your check in the amount of $30.00 is being given to Mrs. Ruger of Treasury PL!rsonnel Office today for 2 reservations. 10:10 AM - Mr. Rustad called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (ON CAL.) He asked that his call be returned. May Li, .1309 Wednesday Messages for Mr. Volcker 9:30 AM - Ralph Young's secretary called and asked that we send to him a curriculum vitae (background, degrees, etc.) fmx to accompany application that Mr. Young is going to fill for you out for membership/in the Cosmos Club. (She said that he blank had given you an application/for membership.)She said, too that you will receive a copy of the membership list of the Cosmos Club for you to check the names of people you know well. Curriculum Vitaw to be sent to Ralph A. Young, IMF, 19th & H Sts., N.W. (Room 436) - 20431. 11:50 AM - Mr. Webster stopped by and said he would like to talk to you on the phone about the Asst. Director for Savings Bonds. He said he has been talking to one highly-placed person in the Division who says we ought to have someone from outside and get new blood in the organization, but they are hurting bad for an Asst. Director and we need to move lc fast. 8484 12:30 PM - Mr. Rustad stopped by and said he would appreciate a word http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with you before he meets with the ABA tomorrow on arrangements for a mtg. of the ABA Savings Bonds Cmte. in Honolulu at the ABA Annual Convention this fall. Mr. Rustad says he needs to check a policy question with you before things start getting firmed up to far. I told him you had a tight schedule but there might be a chance for you to call him just before your 5:00 o'clock mtg. Otherwise, I said I'd ask you to call him at his home tonight. Messages for Mr. Volcker NOTE: - 4 - May 21, 1969 Mr. Joss's office called to ask if you'd be here on Friday this week. I said you would and they said you will be Acting Secy. on Friday. 3:35 FM - Your luncheon engagement with Oliver Jones of the Mortgage Bankers Association has been confirmed with him for 1:00 p.m. on Tuesday, May 27, Eixxx at the Cosmos Club. (ON CAL.) -- Dr. Jones said he expected to arrive at the Cosmos Club prior to 1:00 p.m. and meet you at the door. In the event he doesn't, he suggests that you go on to the reception area and inform the receptionist that you are Dr. Jones' guest. 4:20 PM - James Smith, Congressional Liaison called. call be returned. He asked that his *Rigi*x (5318) 5:45 PM - Mr. Bean called and said to tell you State talked to the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Embassy on Bonn and Harkort wants to meet on June 2 - 3. Harkort has said he cannot take our latest counterproposals to the Cabinet before the June 2 & 3 meetings because they were new and they were conveyed in an experts meeting, rather than by Mr. Samuels or you to him. Therefore, we in Washington conclude that the meetings on June 2 - 3 will consist of Mr. Samuels and you telling Harkort what our position is but we won't get any final result and there will have to be a third round. • Messages for Mr. Volcker - 1 - Tuesday, May 20, 1969 9:30 AM - Mr. Kirbyshire is coming in to see you at 11:00 A.M. this morning instead of 11:30 ACM. (per Mr. Escoube) 10:00 AM - Mr. MacLaury is seeing Daniel Moynihan at the White House Thursday at 9:00 AM. (May 22) on URBANK, Mxx and he hoped that you might be able to attend this meeting also. Your calendar on Thursday morning is clear until 10:00 A.M., when you have Ambassador Hill,mEhe new Ambassador to Spain, coming in for a backgrounding. (He is seeing Mr. Petty at 10:30 a.m.) Shall we advise Mr. MacLaury that you will attend the meeting at the White House? YES NO 10:10 AM - Mr. MacLaury has arranged a meeting in Dr. Walker's office http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for 10:30 A.M. on Wednesday, May 21, on trust fund financing. Attending will be: Dr. Walker, Mr. Volcker, Messrs. MacLaury, Snyder, Cavanaugh, and Mr. Copeland of Tax Analysis, at 10:30 a.m. Your calendar is cleaV. (ON CAL.) (NOTE: You may have to attend the Inter-Agency group mtg. with the EC Delegation, at State, should the Secretary be unable to attend. This is at 11:00 A.M. on Wednesday, -- Mr. MacLaury anticipates that the 10:30 a.m. meeting should last no longer than 1/2 hour; that if it did run longer you could leave whenever you wished.) Messages for Mr. Volcker - 2 - May 20, 1969 to call him. 2:20 PM - Mr. Samuels called and would like you if you were going trixaN*EINE 3:50 PM - Pete Nagen called and asked http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Press Club tomorrow with anyone to Executive Night at the night. I told him not so far as I knew. He said this is elbow to elbow and an annual affair where everyone stands is planning to come you can't move and he thinks Mr. Walker ed if you would be free with some other newsman and he wonder He is asking his guests to meet at 6:00 PM ss Bldg./so they can him in his office, Rm. 603 at the Pre and care to come with him. er. go upstairs to the 13th floor togeth I asked kowlixx until about 8:30 PM. how long it would last and he said than 6:00, if you I asked if you could join him later said you could. couldn't get away earlier, and Rk he you can't get there Do you wish to say you will try but at 6:00? ause Mr. (The VG mtg. is now set for 3:00 bec I've switched Houthakker couldn't make it at 4:30 and 5:00 PM.) Mr. Sandoval, of Small Business, to YES NO Monday, May 19, 1969 Messages for Mr. Volcker 9:15 AM - Governor Robertson and Chairman Martin have accepted the Secretary's invitation to lunch in Treasary today and Mr. Weatherbee's office has been informed that you will lunch in the Secretary's Dining Room also. 9:20 AM - Gov. Daane called. He asked that his call be returned.(147-211) 9:50 AM - Mr. Jurich called. He would like to see yous sometime today on offset. (5264) 9:40 AM - Ward Krebs, Senior Vice President with the Wells Fargo Bank in San Francisco, called. (He is in Washington today and tomorrow.) He is in charge ofthe Economics D,Tartment and Credit Policy of the Bank and at tha suggestion of Bob Enzig wondered whether he might see you (or talk with someone in Treasury) on ag general discussion of credit policy and economics. I explained that it probably would be best to make an appointment for him with Mr. MacLauey who could spend more time with him. This was satisfactory with him and he is coming in to see him at 3:00 p.m. tomorrow afternoon (Tuesday), May 20. 10:40 AM - Mr. Hirschtritt called and would like to see you when you return. 2803 11:40 AM - Gov. Daane called again. He wondered, should you return before 12:20, whether you might have time to call him. He is leaving for a luncheon appointments at 12:20 p.m. (147-211) 11:43 AM - Mr. MacLaury called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on the telephone. He would like to speak briefly with you (5848) Messages for Mr. Volcker - 2 - May 19, 1969 12:05 PM - Mr. Trued called and would like you to call him. 128 - 7235 12:20 PM - Asst. Post Master General Hargrove called and would like you to call him. 177 - 8223 12:35 PM - Gov. Daane's secy. called to invite you to a stag dinner he is giving for Dr. Leutwiler at 7:30 PM on Thursday evening. Place yet to be determined. Your cal. is clear. OK to accept? YES NO her you would have any whet ask to by ed stopp Stith 1:20 PM - Reese 4:30 p.m. appointment your on in ng sitti his to tion objec http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on Star. today with Lee Cohn of the Washingt ction? Shall ire tell him you have no obje YES NO (5985) Messages for Mr. Volcker - 3 - Monday,May 19, 1969 4:35 PM - Assistant Postmaster General James Hargrove called. that his call be returned. He asked (177-8223) 4:40 PM - Mr. Petty would like to see you sometime this afternoon. (2522) 4:42 PM - Mr. MacLaury would like to talk with you on the telephone when you are free( (5848) 3:00 PM - Mr. Trued called and said he had talked to you about having dinner together tonight. He suggests you come to his apartment, #102, at 1755 N Street, N. W., and asked if you could come around 7:00 or 7:30. He said he would make a reservation for dinner at 8:30, and I told him I would phone him when you leave the Treasury for his apartment. His phone at the apt. is DE 2-4400, Ext 102. 5:35 PM - Mr. James Clark, head of the Intl. Division at Budget, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called and is anxious to talk to you as soon as possible -his secy. thought it was on the foreign aid bill. 0 103 - 4770 Messages for Mr. Volcker - 1 - May 16, 1969 12:30 PM - Mr. Clifford's office called and said at the FNMA Board meeting on Thurs., you tentatively approv ed 9:30 AM on Tues., June 24,for another FNMA Bd. mtg. is one of the sever visitor who will \ID I told her that days we've offered to a foreign coming to Washington (Schiller) but otherwise it looked all right and I though t they might as well go ahead because your cal. is clear all day that day so far, assuming Schiller isn't here. NOTE: On cal. The schedule Mr. Webster gave me for Sec y's plane to Copenhagen is: Sunday, June 15 - 7:30 AM - you and Mrs. Volcker to be at VIP Lounge at Andrews AFB 8:30 PM - Arr. Copenhagen (you and Mrs. Volcker are invited to the Danish central bank's 8:30 PM informal dinner Sunday evening and I assume this means you'll have to regret.) Sunday, June 22 - 12:00 M - Lv. Copenh agen 3:30 PM - Arr. Andrews AFB NOTE: Mr. Rossides called both yesterday and today asking if Mr. Petty had yet given youhis comments on the Customs study; I told him he had not -- Rossides is lc for som e reason pressing hard to more promptly on this. Mr. Petty indicated he had some proble ms with it and needed a bit more time. FYI 3:40 PM - Mr. Nisensen called and sai d Mr. Shelby Davis, US Amb.-designate http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to Switzerland would like to see you for backgrounding sometime next Thursday or Friday. Mr. Davis is from a NY investment house bearing his own name. I suggested 3:30 on Friday, the Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 23rd. - 2 - May 16, 1969 On cal. I mentioned to Mr. Nisensen that Dr. Leutwiler is to be in Washington T next Thurs. and Friday and said I'd asked Mr. some time ago MacLaury, who had received a letter from Leutwiler/saying he was coming and wanted to see Mr. Volcker, if he could talk to Mr. Widman about what they would recommend you do for Leutwiler -- lunch or dinner or what -- but Mr. MacLaury has been very busy hnd hasn't yet had time to do so. Mr. Nisensen said Mr. Widman would be out of town the first part of next week so he, Nisensen, would try to work something out. He checked with the Swiss Embassy and found that they had had a ltr. from Leutwiler indicating that he expected to have lunch with you on Thursday (the Amb. is giving a lunch for Leutwiler on Friday). You are free for lunch on Thursday. Is it all right to go ahead to plan a lunch for him on that day? YES NO Mr. Nisensen felt we should also set up another time for Leutwiler to see you -- and he will probably also want to see Petty and MacLaury. Apparently, aside from the luncheons, the only other thing Leutwiler has arranged is he is seeing Dr. Burns on Thurs. afternoon, but we don't know what time. You have Gilbert Kaplan coming down from NYC to see you at 3:00 on Thurs. on the proposed conf. in London in Dec, for - 3 - May 16, 1969 Oxtilmx0Niyx My only problem with your Messages for Mr. Volcker European investors. lable cal. prior to Thursday lunch is Secy. asked you to be avai to substitute for him, if necessary, in attending the EEC me for inter-agency mtg. at 11:00 on Wednesday, which may resu further discussion, if necessary, at 11:00 on Thursday. inue This is the mtg. with the EEC group coming here to cont Europe. the dialogue initiated by thePresident when he went to could Your cal. is completely clear on Friday morning and we on Friday, set up the session with Leutwiler at, say, 10:00 AM if you think that is all right. YES X NO at 10:00 on 5:30 PM - Mary Harris called and asked if you were free http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis next Monday to attend a meeting in Rm. 136 EOB on the "economic aspects of the foreign aid bill." I told her you hs and Mr. Walker had been scheduled for 2 and a half mont from 9:30 to meet with a large group of business economists to 10:45 AM on Monday. more important. Mary said the foreign aid mtg. was I tried to find out something more about Burns, the mtg. and found that those attending will be Dr. of AID. Martin Anderson, Mayo, Samuels (of State), and Hannah, ned from I talked to Ralph Hirschtritt, who said he had lear 1007 guaranty Budget that Burns is apparently bothered by the and the investment in equities. He knows the Secy. and/or Messages for Mr. Volcker May 16, 1969 - 4 - o'clock meeting Monday you or someone has to go to the 10:00 and said he'd be preparing to brief you. He said if you will be at home late want to talk to him on the phone, he Sunday morning. Saturday afternoon and evening and on Operator will get him for you. Secy's I also alerted Mr. Petty's may have to pull them and Mr. MacLaury's offices that you aid mtg. or with the mtg. in to help either with the foreign Monday morning, excepting with the bankers -- both are clear ing to see him at 9:30 Mr. Petty has some Ambassador som and something else at 11:00. of town but 6:40 PM - Mr. Houthakker called; I said you were out would be back about noon tomorrow for meetings with our Treasury consultants but could return his call latexx tomorrow afternoon. He said never mind -- he will call you again. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for Marty Miller called just about the time you were leaving Camp David and is anxious to see you. Messages for Mr 10:30 AM - Thursday, May 15, 1969 Volcker for the Mary Harris has given us the following schedule Camp David working session: Friday, May 16 12:00 Noon - Cars will depart from Treasury (Approx.) 1:15 PM (Approx.) - Arr at Camp David Saturday, May 17 11:00 AM '(Approx.) - Depart Camp David for Treasury - Arr Treasury 12:15 PM (Approx ) (Note: Your car will be used; however, you will be riding with the Secretary.) (ON CAL,) 2:30 PM = Under call o 3:10 PM - Mr 7' ecretaty of State Elliot Richardson returned your his morning. (182-2101) Petty said to ask you whether it would be useful if Mike Bradfield went on the weekend jaunt. Mr. Petty would also like to see you briefly when you return, if possible. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Donnelley called and said Mr. Livingston is going to Europe and wants us to pave the way for him and Mr. Donnelley plans to send a cable to our people in the places Mr. Livingston is going. Mr. Donnelley wondered whether it was necessary to clear this sort of thing with you or if he could clear it with Mr. Petty. I said I thought Mr. Widman would like to know - 2 - Messages for Mr. Volcker May 15, 1969 nt about this sort of thing but I thought you would be conte if it were cleared with Mr. Petty,who would wa raise any questions he might have with you, if necessary. Is this all right? YES NO called to inquire 3:30 PM - Herbert Wass, of the Fed Bank of Boston, rence if you were going to be able to attend their confe on Nantucket Island. I told him I knew you had hoped very in much to attend but I thought your hopes were dimming to be doing view of all the other traveling you were going your in June and early July but that you were keeping options open. He asked me to let him know when you do make a decision and I promised to do so. AC 617 - 426-7100, Ex Ext. 451. 5:30 PM - Mr. Houthakker's secy. called to invite you and Mrs. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to cocktails that Mr. and Mr. Houthakker are giving at their , in honor of Gottfried Haberler home, from 5:30 to 7:30 on Tues , May 20th You are to attend 6:30 PM reception and ;7:45 PM informal banquet by Bd. of Natl. Assn. of Home Bldrs at Wash. Hilton that evening. OK to accept for youand regret for Mrs. Volcker? • YES NO 9:45 AM - Wednesday, May 14, 1969 - 1 Messages for Mr. Volcker Mr. Camp's secretary called to extend his invitation to ride with him to the luncheon meeting at the Federal Reserve Bd. of the Coordinating Cmte. on Bank Regulatory Agencies this would include Mr. Snyder also. I told her you may be attending a reception at the Washington Hotel at 12:30 p.m., (for the American-British Technicians - WG-1 of VG) /prior to going to the Board for the 1:00 p.m. lunch. She said Mr. Camp would be leaving at 12:45 PM for the Board and I told her we would let her know your plans prior to that (2104) time. 9:50 AM - Mr. PetVCalled. #ho Mary M. said he wanted to talk with you the Commerce Press release. returned. He asked that his call be (2522) ting that he had 11:00 AM - Bob Bethke called and left no message excep called. 943-4400 Depy. Asst. Secy. 11:05 AM - Mr. Petty's secy. said Mark Feer, who was http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of Commerce in last Adm. and is now kik with Kuhn Loeb, seeing plans to be in Washington on Tues., May 27 and is possibility Mr. Petty at 10:00 AM and asked if there was any of his seeing you for a few minutes. He has an 11:00 AM at appt. at Eximbank but mentioned he was free at 3:00, Secy. which time you're to sit in when Edward Heath sees the Would you want Mr. Petty to bring Mr. Feer in for a few minutes around 10:40 AM? YES NO Messages for Mr. Volcker - 2 - Wednesday, May 14, 1969 3:15 PM - Stanley Wilson of Business Week called. He said one of Business Weeks' bureaus in Europe has come up with a story that you are negotiating with Europeans on standby exchange rates changed to be put into effect after the Sept. 28 German election. He would like to have a brief word yes if nothing more, or mammum no, if possible(-- with you on this story, and hoped he could talk with you before 6:00 p.m., which is his deadline. (RE.-7-66311 4:10 PM - Mr. Hirscht;itt called. He said IDA passed the Senate with a vote of about 49 to 34 -- which he said is rather close for this kind of situation. 4:15 PM - Mr. Petty called. NOTE: He asked that his call be returned. (2522) Mr. Weidenbaurnil1 be here Tuesday of next week probably only the one day. 5:20 PM - Mr. Petty called 4gain and would like to speak to you on the phone about/the press release. 5:30 PM - Mr„ Hirschtritt called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked whether you had spoken with Under Secretary of State Richardson -- and Mae confirmed that you had Mr, Pirschtritt iExixtErmxtRaximA would like to talk with you when you are free, (2803) _ 1 _ Messages for Mr. Volcker 9:00 AM - Mr. Nelson called. Tuesday, May 13, 1969 When I told him you had a meeting going on, he said he would talk with Mr. MacLaury. He has given Mr. MacLaury a market report -- which Mr. MacLaury says is not startling and will inform you of when your meeting is concluded. 9:40 AM - Mr. Weatherbee's office has inforoed us that the Secretary's Dining Room will be closed -- they hadn't been able to get a sufficient number together today to warrant its use. "h**4441"***414,,T5 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mw. Ca,44.4a .s.%„1,1tedr-atrcitrt----rektiz---aorsirer ab•-04 Messages for Mr. Volcker May 13, 1969 - 2 - 12:30 PM - Gene Birnbaum called from NY and wanted to find out the possibility of your coming up to New York to be a guest speaker for the Intl. Business Economists of New York -a small group -- at a luncheon sometime in June, the date to be set at your convenience. I told him I thought June would be a bad time for you because you were goRng to be away so much and asked if you could do it later on. He said June is the last meeting of the year and then they go into vacation and do not meet until the fall. He said it would not require any preparation because you could speak informally. He said he would be in Washington on Monday and wondered if you might be free to lunch with him. I told him you might and I would check this with you. Thereafter, I checked with Mary Harris and found that the Secy. is planning to have Chrm. Martin and Gov. Robertson to lunch here next Monday. Mr. Birnbaum's phone is 974-2456 in NY. 12:40 PM - Mr. Albright called and would like to come in to see you briefly sometime today. I told him we'd call him. 2446 12:45 PM - Don Smith called and said Mr. Nakajima has informed them http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that Mr. Mural has changed his plans again and will not be here on May 21 - 22. The Japanese Foreign Minister, Mr. Aichi, will be in Washington June 2 - 5, primarily to talk about Okinawa, and Mr. Murai will be accompanying - 3 - Messages for Mr. Volcker May 13, 1969 him as the pxa representative of the Finance Ministry. Mr. Aichi will be seeing the Secy. at 11:00 AM on June 5 and Mr. Murai will accompany Aichi. Murai will see Mr. Petty separately. In addition, Mr They understand you will be away that week and will not be available to see Mr. Murai. I confirmed that you were expected to be in Europe that week. 2:45 PM - Mr. Webster phoned and asked when you might be going to Copenhagen. I told him we still hadn't worked it out. He said they were exploring to find out if there might be enough people going to max warrant using a military plane and it seemed perfectly clear that there would be. He said they were thinking of going over early Sunday morning, June 15th, and returning on Sunday, June 22nd. I asked if there would be room for both you and Mrs. Volcker and he said by all means. I asked him to please keep you and Mrs. Volcker on the list and said I'd check it out with you and confirm back to him. In view of this, do you think Mrs. Volcker might want to go just to Copenhagen? 3:15 PM - Mrs. Harfield called and said Mr. Jaffee will be glad to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis paint the small bedroom at the top of the stairs on the second floor any color Mrs. Volcker likes, if she will Messages for Mr. Volcker - 4 - May 13, 1969 send him a color chip indicating the color she would like. He would like to get the painting started next week so would appreciate having the color chip as soon as possible. Mrs. Harfield said if you were calling Mrs. Volcker this evening, you might tell her this and tell her to mail the color chip to: 3:30 PM - Mr. Bergsten called and, when you weren't here, said he'd try Mr. Petty. 3:40 PM - Mr. Colman called and said kfaxm Mr. Cadle understood he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had zuckammkxaxtacom tentative appointment to see you tomorrow on the substance of their release and timing of the release on equity financing. Mr. Colman said you had sent him the Brimmer letter on this subject and he thought the quickest thing would be to spend 3 minutes with you to fill you in on this and then, perhaps, you could ;firm up a time to see Mr. Cadle tomorrow. I told Mr. Colman we would call him when you were back and free. 5828 - 5 Messages for Mr. Volcker May 13, 1969 Mary Harris called and said, when you saw the Secy. this morning, he •said he •would •come back this evening when he got back in town to look at the meo to the President you are working on. Mary wondered if there way any reason why Mr. Harmon, the Secy's driver, couldn't take the memo out to the aixpanx airport with him when , he meets the Secy. and, if the Secy. approves, he could si• Sn it and Mr. Harmon could bring it back to the Treasury or take it to the White House or whatever. She said the Secy. is due in National at 9:39 PM. 3:30 PM - Mr 0 Cadle of Commerce called about your answer on the (on the OFDI program) foreign equity policy/which he said you would have for him sometime tias He said he was very badly in need of the answer because it will have to go to the Bureau of the Budget with the 1969 reporting forms by the close of business on Thursday andsthis matter appears on those reportin• g forms. I told •him you were •out •of the building at a meeting -- he asked that his call be returned. (189-3224) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I talked again to Mary Harris and she said she would alert Mr. Harmon to come here before going to the airport to pick up the Secy. She thought he would be here somewhere between 7:00 and 7:15, as he likes to be at the airport about 20 minutes before the Secy. is due to arrive. Messages for Mr. Volcker - 6 - May 13, 1969 4:20 PM - Mr. Webster stopped by and said Mr. Rustad called him and is desperate to have you say yes or no on the proposal to appoint Mr. Hughes Associate Director of Savings Bonds (file on your desk). Mr. Webster said he promised to get an answer for Mr. Rustad today or tomorrow by the latest. 4:25 PM - Margaret Muehlhaus called and said Gov. Robertson's secy. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis is on jury duty and the little girl who is substituting had brought Margaret the attendance at the luncheon meeting of the Coordinating Committee on B.Lnk Regulatory Agencies, which Gov. Robertson is hosting at the Fed at 1:00 tomorrow, and Margaret noticed that your and Mr. Snyder's names were on the list. The girl working for Robertson said she had asked him if you and Mr. Snyder had been invited and he said you knew about it and were planning to come but wondered if you wanted to bring anyone else with you. Margaret asked what this meant for the regular financing group luncheon, I told her this was the first I knew about this and I'd have to check. I talked to Mr. Snyder who said this was agreed upon at the meeting in Mr. Camp's office and that this luncheon would replace the regular Wednesday financing lunch. Before notifying the others, I thought I should check to see if you wish to take anyone else from Treasury with you to the Coordinating Cmte. lunch and, secondly, is it all right to cancel the financing lunch. a Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 7 - May 13, 1969 Mr. Widman called this afternoon and said he did not have a chance to raise this with you this morning but he understands that State, at the request of Mr. McCracken, has sent word to Paris that the dates of July 7 and 8 for EPC are not practicable for him and he wants to propose the ;8th and 9th. Mr. Widman was concerned because this message had gone to Paris without checking with you on your availability; Mr. Widman was concerned also because he didn't know what dates you really preferred. I told him Mr. Daane was supposed to talk to Mr. van Lennep and to Ossola when he was in Basle and said I hadn't been able to find out what the result was, call Gov. Daane. Mr. Widman said he'd I later learned that Gov. Daane did not talk to either van Lennep or Ossola, Mr. Widman also found this out and also found out that actually Mr McCracken prefers the earlier dates, June 30 - July I but, if those dates are not possible, as second choice would prefer July 8-9. He cannot be there July 7-8. Mr. Widman thought it might be best if you would coordinate this with Mr. McCracken and try to reach agreement on mutually acceptable dates. The US/Canadian Cabinet Cmte on trade & Econ, Policy is scheduled to meet in D. C. on Wed. & Thurs., July 25 and 26, but your cal. is clear thereafter, excepting Friday, July 4, is a holiday which you may want to have with your family, Messages for Mr, Volcker - 1 - Monday, May 12, 1969 Mr. Weatherbee's,office has been inforned that you will have 9:15 AM - lunch in the Secre„tary's Dining Room today. 6:15 PM - Mr. Eggers stopped, by to saythat the press conference on the Coinage NOTE: ommission meeting went very well, When I talked to Mr. Wojnilower about your having dinner with him on Wed night, he said he was coming in on the train due at Union Sta at 7:30 PM and, since you had the FDIC recept. thought he'd just as soon meet you at Costins for dinner at 8730, which would give him time to check into his hotel (he's staying at the Manger Anapolis). He asked me to reserve a table for him at Costins, which I've done, for 8:30 Wednesday, On cal. 3:00 PM - Edward Pendleton, the atty iniko town who has asked to see you before, called and asked to see you on Thursday or Friday afternoon this week I told him your calendar was pretty jammed on Thursday and you would be going out of town Friday afternoon but said I'd check and see if you thought you could squeeze him in. 296-3800 4:30 PM - Mr. Donnelley called and said sometime this week, as early http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis as convenient, Henry Simmons, of News Week, would like to see you on the intl. monetary system. urges that you do so Mr. Donnelly strongly Shall I give him a time on Tuesday or Wednesday? YES NO ?( • _ 1 _ Messages for Mr. Volcker Friday, May 9, 1969 about your 9:35 AM - Stanley Wilson of Business Week called to inquire whether you planned to spend travel plans far this week end the weekend in Washington in view of the monetary crisis and the meeting in Basle. I told him that we had no knowledge of your plans for the weekend. 10:00 AM - Mr. Nelson stopped by to give you the latest figures he has returned to his office and is available there should you want his report. to discuss 10:05 AM - Mr. Rossides would like to come in sometime today with you of /his memo to you of May 2 regarding the Customs Balance Payments Study. His calendar is relatively free. 10:12 NM - Mr. Donnelley called. He asked that his call be returned. (5252). 12:10 PM - Mr. Griffiths of the Ghetto Industrial Develop.Corp. called today in to cancel his 12:30 p.m. appointment/with you. He said he will call again for another appointment. 4:15 PM - Evan Galbraith's secretary called in to leave Mr new telephone number for you. Galbraith's He has left Morgan Guaranty Trust and is now with the Planet Oil & Mineral Corporation, 345 Park Ave., NYC - Phone: PLaza 2-0331. (We have made a note of this in our card file.) 4:15 PM - Mr. Wallich stopped by and would like to see you for a couple http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of minutes when you're free. 5881 -2- Messages for Mr. Volcker Friday, May 9, 1969 4:20 PM - Jim Atwater of Bud Wilkinson's office at the White House called. He asked that his call be returned. (145-2676) 5:00 PM - Charles Warden, Special Assistant to Mr. McCracken, called to ask whether Treasury would be willing to pay $3,000 as part of the $63,000 contract with the Arthur D. Little Company (consultants) on the Uranium Enrichment Study. He said the the money was split up in what is thought to be a fair share among the different agencies. If this is all right with you, he would like to be informed so -- and a letter will be sent with the details. NOTE: (103-5084) You asked this morning about Mr. Rossides' memo to you about the Customs B/P Study. you. Mr. Petty has the memo for comment to He said he has some problems with it but will get it back to you with his comments as soon as possible. 6:25 PM - Mr. Ahearn said he just wanted to give you a name -- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Albert H. Cox, Vice President and Associate Economist of the First National Bank of Dallas. Mr. Ahearn said Bert used to work for him and with him; he has worked with the National City Bank, the Republic Bank in Dallas, and in the research department of the American Bankers Assn. He is very good, aggressive and smart, and interested in markets and he has had some experience with them he may be taking over the money position of his bank. He might be difficult to get but he is good and, before 4essages for Mr. Volcker - 3 May 9, 1969 the election and after, he was interested in how things were going to come out in Washington. He is off the New York circuit but has had New York experience. Mr. Ahearn said you could reach him at home this weekend if you'd like to discuss this further with him. home phone is NOTE: His , in Philadelphia. Hal Master called this afternoon and said he understood Julian Baird and Gene Pulliam were going to be here Monday for the Coinage Cmn. meeting. He thought it would be awfully nice if you would give Mr. Baird one of the Savings Bond Eagle lapel pins that Mr. Master sent you over a supply of, if you have an opportunity, and give him Mr. Master's greetings. Mr. Master thought you might want to know that Mr. Pulliam is their Savings Bonds State Chairman for Indiana, although he now spends most of his time in Arizona. Mr. Pulliam has accepted the chairmanship of their new National Publicity Cmte. He is the Senior Vice President of the AP and still very active although http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 years old. Messages for Mr. Volcker - 1 _ Thursday, May 8, 1969 Joe Livingston 9:35 AM - Through Dixon Donnelley, appointments for have been set up on May 9 (Thursday) with Treasury, as follows: 10:30 AM - Mr. Livingston seeing the Secretary; 11:15 AM - appo2ntment with Dr. Walker; 12:00 noon Mr. Livingston will be in to see you; and at 12:30 am he is seeing Mr. Petty. Mr.Petty called. He would like to talk with you about the succession of appointments. 9:45 AM - Dr. Arthur Burns called. (2532) He asked that his call be returned. (145-2373) 11:20 AM - Mr. Jurich's secy. called and said he wondered if he might http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis see you sometime within the next 45 minutes on a problem. 5264. Messages for Mr. Volcker - 2 - May 8, 1969 2:25 PM - Harold Cameron called -- said he was a friend of yours is in town today and tomorrow and wondered if he might see you sometime. He's at the Hay Adams, Rm. 732. xxxxxma ME 8-2660 2:35 PM - Mr. Jurich's secy. called and said he still very much wants to see you. Told her we'd call when you were free. 4:15 FM - Dixon Donnelley called. 5264 He wants to talk with youR about the German mark revaluation and asked that his call be returned. (5252) -- He said he would also talk with Mr. MacLaury in the meantime if hex is free.ixxilk 4:20 PM - Mr. Schleimminger called from the Fund. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis message for you from Germany. He says he has a (181-3255) May 8, 1969 - 3 Messages for Mr. Volcker 6:00 PM - Mr. Donnelley stopped by and said he might try to catch you in the Secy's office but, if he missed you, to ask you to call him. 5252 6:25 PM - Mr. Donnelley called and said he had an appt. and had to leave and would not be reachable. He said he assumed you would be here for a while and that he would call you again later. NOCE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Dale called and said thedBritish technicians of WG 1 of VG would be in Washington on Tues. and Wed., May 13 and 14, and he thought it would be useful if they might pay a courtesy call on you. He said the Fed, was giving a lunch for them on Tuesday, the 13th, and the Treasury was giving them a lunch on Wednesday, May 14th, probably at the Washington Hotel. He asked what your luncheon situation was on those days. I told him you were free on Tuesday but Wednesday was your usual day to lunch at the Fed. He asked if perhaps you could join the group for a drink at 12:30 at the Washington Hotel on Wednesday before going on to your lunch at the Fed. I told him I thought you could, other events allowing, and said I'd put it on your calendar and let you know about it. Messages for Mr. Volcker May 7, 1969 1 - 11:05 AM - Mr. Weatherbee called and would like you to return his call. 5391 11:15 AM - Mx. Weatherbee's office called and said Mrs. Elston will be siworn in at 12:00 noon tomorrow. On cal. 2:15 PM - Bruce Whelihan of the White House Press office called. He asked that his call be returned. (145-2100) 3:30 PM - Don Cadle called and said he would like to speak to you on the phone about foreign equity financing spoke to Mr. Cadel about it a few minutes ago. Gov. Brimmer He knows you have a tight schedule until very late this evening. 189 - 3225 3:40 PM - Mr. Roosa called and is quite anxious to talk to you. He expects to be in his office until 6:15, or possibly 6:30. Bowling Green 9-1650 -- after 5:30 call night number BO 9-1668. 3:45 PM - Mr. Widman called and said M r. Korp wants to talk to Carli http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis about dates for the Governor's visit to Washingtoni as soon as he gets back to Rome and said Carli was talking about the week of June 23rd. Mr. Widman said he checked with Mary Harris, who was loth to tie up the Secy. on Monday and Tuesday of that week, since he will just have returned from Copenhagen and the US-Canadian Cab. Cmte. will beet on Wed. and Thurs. of that week, so Mayxxmgx Mary suggested Friday, June 27th, for Carli. I told Mr. Widman that looked all right so far as your cal. was concerned unless the May 7, 1969 - 2 - Messages for Mr. Volcker EPC, WP-3, G-10 mtgs. got moved back from July. He said he'd let us know when the date was firmed7-for Carli, that is. 3:50 PM - Roy Cahoon called and said he and Mr. Wolfe had met with http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Rossides trying to firm up arrangements for the Coinage Cmn. meeting next Monday. He said Mr. Rossides feels and so does Mr. Eggers that, if possible, you should plan on staying throughout the whole meeting, in case the Secy. can't stay the ;whole ;time and wants to turn the mtg. nix over to you. It starts at 9:30 AM and the members of the Cmn were assured that it would adjourn at 1:00 PM and that there would not be an afternoon session, which pleased the members, most of whom would like to leave in the afternoon. They all are agreed that it would be best not to have a lunch since the members are anxious to get away and it would take at least 2 more hours of the Secy's time. Furthermore, Roy said the Coinage Cmn. does not have funds for the lunch -they would have to come out of the Secy's entertainment fund and the lunches usually run about $350.00. Roy said they would prepare briefing material and try to get yours to you by Friday evening (I had said youhoped to get to NJ for weekend I told 4oy I had the mtg. on your cal. and your morning was clear and I thought you would be willing to do this. all right? YES NO Is this - 3 - Messages for Mr. Volcker Wednesday, May 7, 1969 4:25 PM - Dixon Donnelley's office called to say that they have arranged for the Secretary to see Joseph Livingston at 10:30 a.m. on Thursday, May 15; also, Dr. Walker is seeing him at 11:15 a.m. on that day. Your calendar is presently clear on that morning, and I tentatively suggested 12:00 noon for his appointment with you on the same day. (At 1:00 p.m. you have a luncheon engagement with Dr. Danielian.) Is it all right to confirm 12:00 noon on Thursday, May 15, for Mr. Livingston to see you? YES NO OTHER (Mr. Donnelley's office - 5252) 5:55 PM - Mr. Jurich called. He asked that his call be returned. (5264) 6:10 PM - Mr. Bean called and said Mr. Jurich asked him to see you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow morning since Mr. Jurich's calendar is impossible tomorrow. Mr. Bean said he has a 11:00 o'clock mtg. at State but will be available to come down at a moment's notice up to 10:45 AN. Messages for Mr. Volcker - 1 - Tuesday, May 6, 1969 9:10 AM - Mr. W,!atherbee's office has informed us that the Secretary's Dining Room is closed today -- the cook is not in. 10:00 AM - Mr. Holland's office called and said to tell you that Bill Camp is the Chairman of thedCoordinating Crate. for the month of May. 10:10 AM - Mrs. Harfield said, when I asked her about the space to be filled in at the bottom of the contract under the heading: Property to be conveyed in the name of: that this does not have to be filled in on the contract but sometime before you take title to the property you will have to let them know whether the title is to be in your name only or jointly with your wife as tenants by the entirety -- so that, if one predeceases the other, the temaining partner will be able to sell the property if necessary. 10:20 AM - Dan Ahearn of Wellington Management called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned when you are free to talk with him. (A.C. 215-KI-6-6300) 2 - 2 - Messages for Mr. Volcker 11:15 AM - Mr. Jurich called. Tuesday,May 6, 1969 He is anxious to discuss with you tkm NSSM MRMA No. 55 attached to the Nitc Memo relating to U.S. Policy towards post-DeGaulle France, after you have had an opportunity to read it. (5264) 12:00 M - Mr. Ilbert Wojnilower, of First Boston, called and said he wondered whether he might be able to see you when he is in Washington next week, Wednesday night, Thursday, or Friday -any breakfast, luncheon or dinner, or any other time excepting Friday afternoon. On Wednesday, May 14, you have a 6:00 ;to On Thurs., May 15, yodre 8:00 FDIC recept. but no dinner. lunching with Dr. Danielian and your speaking at a dinner with foreign investment managers. be here. On Friday, Schiller may Secy. is having Staff mtg. atn-Sne the 14th, but you could have that morning if you wish. breakfast with Mr. Wojnilower Otherwise, you could see him sometime We5. afternoon or Thurs. morning. you had asked mSt He also said recommend some names of people who might succeed Saunders. He said to ask you whether Professor Bloch or Lindsay might or might not be attractive to you. He has not talked to either of them. 344-1515. He asked that I call 12:05 PM - Mr. Petty returned your call. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis His phone in NYC is mS.c 2522 this afternoon. _ 3 _ Messages for Mr. Volcker /:50 PM - Mr. Kearns - ExImBank - called. returned. Tuesday, May 5, 1969 He asked that his call be (1246) 2:25 PM - As Mae suggested, I have ordered 2 boxes of the 6-pack (60 to a box) of thc light color A & C Grenadiers -- to be picked up at the Washington Tobacco Co. by Mr. Morrow either this afternoon or tomorrow° There isn't enough inithe petty cash to cover this ($7.68 plus tax each box - a total of $15.98). 4:30 PM - Hobart Rowan called. He said he would like to chat with you for a minute about Gov. O'Brien's meeting widithe Secretary this afternoon and asked that his call be returned. (Phone: 223-6000, Ext. 610) Mr. Stith advised of this call and he said he would handle. NOTE: Mr. Escoube said Secy. is seeing Edward Heath, Leader of the British Conservative party at 3:00 PM on May 27th. if you'd like to sit in. 104XXXIN He wonJered I said you would probably be en route to Paris that day for the next OECD meetings, unless you decided to take the night flight. I've noted on cal. just in case. 4:00 PM - Mr. Widman's office called and said the Japanese Embassy http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis has invited you and Mr. Petty and Mr. Widman to dinner on Wednesday, May 21, for Mr. Mural and Mr. Soegima, which Messrs. Nakajima and Watanabe would both attend. is clear that evening. YES OK to accept? NO Your cal. - 4 - Messages for Mr. Volcker Tuesday, May 6, 1969 4:45 PM - Mr. Weidenbaum wanted you to know that he is returning to (He will leave Treasury at 6:56 p.m.) St. Louis this evening./ He hasn't set a definite date for his return until he hears about the scheduling of his confirmation hearings unless you wanted him to return before then for any special reason. He said, too, that he was going to attend an informal soctal dinner with Britishi Ambassador Freeman tomorrow evening (Wednesday, May 7), and wondered whether you might have anyeing to suggest fEl that he might disuuss with the Ambassador, conversation-wise. (2551) ed 5:10 PM - Mrs. Harfield called to say that she had your complet copy of the contract and would be by tomonow morning to leave it for you. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Joss called and said they are checking around to find out if the weekly activity reports that each office prepares for the Secy. and copies of which go to Mr. Walker and ;you are really serving a useful purpose or whether they are a "make work" project. He said Mr. Walker doesn't find them very essential and apparently would be willing to have them dropped. Mr. Joss would appreciate knowing how you feel. Messages for Mr. Volcker 9:45 AM - Mr. Eggers called. - 1 - Monday, May 5, 1969 He asked that his call be returned. (2093) you know when 11-00 AM - Mr. Nisenson called and said they understand Mr. Schiller is coming to Washington. \r/ Apparently there to have been several dates bruited about and they seem d that no one knows the correct date but you -- and they' like to get it pinned down. d & 11:30 AM - Don Smith called and said the Japanese Embassy calle said Mr. Murai will be in Washington on Wed. and Thurs., May 21 - 22, and he would like to have a short visit with you and a longer session with Mr. Petty. His first pfeference as to time was Wed, afternoon and, since your cal I suggested 3:00 PM that day. is clear, On cal. about the two 11:40 AM - Mr. Marsteller called and said, in thinking http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis questions you raised, he thinks it would be a good ;idea to add one more thing to the contract, and Mr. Jaffee is perfectly agreeable to having this added. In thex section of the contract that describes the first trust, there is a statement, in the second line of the description down the page, it says "due January 6, 1970" and, if you will put a couple of asterisks there and either in the margin or below put "interest to be paid monthly from date of settlement until January 6, 1970" -- put that on all of the copies before you sign it, he thinks that will take care of it. - 2 - Messages for Mr. Volcker May 5, 1969 NOTE: l h Rogaly said Mr. Brittain and Joe Rolgaiilayx 12:50 PM - Mr. Brumley called and have had lunch with the Secy., of London Fin. Times were to 14, but have a conflicting Mr. Walker and you on Wed., May lunch date with Mr. McCracken. The Secy. is going to see on Thurs., May 15, and them at3:00 PM for half an hour 0 that day. Mr. Walker will see them at 4:3 clear at 3:30 that day. Your cal. i8 0? Is it all kight to give them 3:3 out with you before conunitting (I just wanted to check this A you.) ,..j;lii. YES )( NO ance and monetary affairs fin l. int ut abo k tal to t wan y The and the U. S. economy. had not planned on having a 1:15 PM - Mr. Eggers called and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis t here next Monday lunch for the Coinage Cmn. when they mee st time the Cmn. but Mr. Wolfe said this would be the fir med to think some met and weren't offered a lunch and see t given lunch. members might be affronted if they weren' May 5, 1969 - 3 - Messages for Mr. Volcker e Mr. Eggers said he was going out of town and would leav had the decision about the lunch up to you -- he said he sublime confidence in your ability to make the proper decision (laughingly). I checked Mr. Wolfe to see who paid to for the lunch and he said there were funds available the Coinage Cmn for this purpose. He said there was a large he surplus of funds -- about $70,000, he thought -- but money didn't know how tight they might be about using them he in the light of current efforts to cut spending -- and office, could not check with Roy Cahoon in the Comptroller's as he was on leave today. He pei said he would check with h Roy tomorrow on the availability of funds for a lunc nge Assuming the funds are available, shall Mr. Wolfe arra a lunch for the Cmn? YES ic NO to Chrm. Martin 3:00 PM - Mr. MacLaury said you were planning to talk http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of the at lunch today about your wanting to have a meeting two Coordinating Cmte. of Rank Regulatory Agencies -- the Martins and Mr. Camp -- on the xic Savings Bonds rate -- ed on and Mr. MacLaury wondered if you had done so and agre a time. Mr. MacLaury asked to for a time tomorrow morning Messages for Mr. Volcker - 4 - May 5, 1969 when he and Mr. Saunders could see you on Farmers Home paper. I told him your morning was clear at the moment and he picked 9:30. On cal. 4:30 PM - Mrs. Harfield called and asked if you'd considered the suggestion Mr. Marsteller made re the contract. not. I said you had She said she thought the would head homeward and would check with you sometime in the morning bet ween 9:30 and 10:00 to see if you have signed the contra ct and if she should stop by and pick it up on her way in from her home in Virginia. 5:30 PM - Mr. MacLaury said he was leaving early to go and pick up his wife to go to the Huntrods cocktail par ty for Gov. O'Brien. 5:55 PM - Mr. Hal Masters stopped by to leave a paperx on Savings Bonds and said when he was in your office at a meeting ten days or so ago, you asked him why the proposal you were discussing was not like a savings account He apparently couldn't think of a good answer but has sin ce thought that he "wished he had said""it was not so much' lik e a savings account as a front load mutual account." He asked me to tell you that. 6:10 PM - H Gov. Daane said to tell you he has cancelled his Greenbiier http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis trip and will be here all this week. Messages for Mr, Volcker - 8:55 AM - Mr, Samuels called. 1 - Friday, May 2, 1969 He asked that his call be returned. (182-2232) 9:00 AM - Mr. Widman stopped by to say that Mr. Dow has expressed a desire to see you again today and asked whether you wanted to do this. He mentioned that Mr. Dow was coming in to see Mr. MacLaury at 4:00 p.m. He didn't think the Dow visit today would be very long, but said he wasn't pushing it Do you wish to see Mr. Dow this afternoon? YES NO If yes, shall we ask Mr. MacLaury's office to inform us when he has finished there and if you are free to have him come in for a brief visit then? (Mr. Widman - 2896) (On your calendar for this afternoon -- at 3:00 p.m. there only is a principals/meeting only in a wind-up session with Harkort, et al at the State Department.) 9.10 AM - Mr. Dale called. (Note: 9:15 AM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned (181-3067) Mr. Dale goes Arito a Board mtg. at 10.00 AM) Mary Ann Allin called to say that the Secretary is unable to attend the church service at the White House this aming Sunday, May 4 - and is passing his invitation on to you and your family to attend in his place. I told Mary Ann that I didn't think your family would be here this weekend -- and she said it would be all right if you were to attend alone, or bring someone with you However, if you are unable to attend, she would like to contd/p2. Messages for Mr. Volcker - 2 - Friday, May 2, 1969 (Mary Ann Allin call contd.) know in order that the invitation might be extended to someone else. The services will be at 10:45 a.m. at the White House. If you accept, a telegram will be sent to you giving you the details. (May Ann - 2411) 9:25 AM - Mr. Lombard of South Africa -- who said he was a member of Parliament,called from Capetown. He said it was a personal call to you -- that he did not want to talk with anyone else and will call again in about a half an hour. I called wi Mr. Nelson and asked whether the name was familiar to him, It wasn't -- but I thought I would alert him in the even t AM Mro Lombard called again about 10:00/and you decided to have Mr. Nelson in on the call. 9:30 AM - Gov. Daane called. He asked that his call be returled.(147411) 9:35 AM - We havebeen informed by Mr. McCracken's office that the meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on uranium this afternoon is in the conference room EOB. No. 415, (I checked with Mr. MacLaury's office; they have this meeting on his calendar and I have passed the information on to him.) Messages for Mr. Volcker - 3 - Friday, May 2, 1969 10:20 AM - Mr. Marsteller called conc erning the details for the contract on the house and said he can be reac hed at his office W0-6-1966. ixAfi4xAMxxxMx. 11:00 AM - Mr. Maude's office called to say that she had been call ed by Mary Harris with a change in the scheduling of the Governor of the Bank of England's visit with the Secretary on Tuesday, May 6. Since the Secretary has a 3:45 PM meeting on his calendar now - Gov. O'Brien's appointment with him on the 6th of May has been changed to 3:00 p.m. from 4:00 p.m° She wondered whether you might see Gov. O'Brien at 3:30 p.m0 in this event rather than 4:30 p.m. Your calendar is clear and Miss Brown of Mr. Maude's office has been informed that you will now see Gov. O'Brien at 3:30 p.m. (following his visit with the Secretary at 3:00 p.m.) on Tuesday, May 60 ON CAL. 11:45 AM - Gov Daane called. He asked that his call be returned. (147-211) 11:50 AM - Jacques Duroux, of Chase Bank, called and refe rred to Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Phalen's conversation with you last night about your seeing Mr. Emile Spielrin, the V.P. and General Manager of the French Bank, Credit Industrial d'Alsace et de Lorraine, which you agreed to do Would you be able to see Mr. Spielrin at 11:00 AM tomorrow and where? Messages for Mr. Volcker - 4 - May 2, 1969 Mr. Duroux said if there is any slippage in getting a message back to him about this today, Mr. Spielrin will be spending the weekend with Mr. Schweitzer. Mr. Duroux's phone is 552-8128 in NYC. 12:10 PM - Mr. Brumley called and would like you to call him. 8191 12:30 PM - Mary Ann stopped by re your attending White House services and said she guessed it was hard to tell when I could get an answer from you. I suggested she go ahead and invite someone else, since your family isn't in town and you may be having to do other things anyway. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Sam Cross said it would be helpful if you could attend the Samuels lunch for the Iranian, Mehdi Samii, on Friday. Samii wanted to see the Secy. and Mr. Cross has been trying to protect the Secy and has gotten the appt. down as far as Mr. Petty, which they are unhappy about at State. State wanted to get Mr. Walker to attend the lunch on Friday but he is speaking and can't, so it would help matters if you could attendL I told Mr. Cross I would rearrange things and have rescheduled Dr. Danielian's lunch for Thurs., the 15th, and have accepted for you for the Iranian lunch on Friday. On cal. Messages for Mr. Volcker May 2, 1969 - 5 - 12:40 PM - Mary Harris said the Secy. will not attend the Atlantic Council luncheon tomorrow and he has something else on and would like you to represent him at the 2:00 PM Atlantic Council session -- the Secy. will stop by at that session when he gets free, probably about 4:00 or 4:30. The Secy. will attend the Atlantic KCouncil reception at 5:30. I kamaulx have a briefing book for the Atlantic Council session whenever you're ready for it. 1:00 PM - Mr. Jurich's office called and said the 3:00 o'clock closing session ;with principals in the German offsets has been cancelled as not needed. I was also informed that President Schmitz, who is seeing the Secy, you, Petty, and Nisenson at 2:30 today does not have another appt. until 4:00 and will probably take it kindly if he has a session with you after he sees the Secy. 1:20 PM - Mr. Willis' office confirmed that they have set up Vacker Group mtg, in your office for 10:00 AM Monday. 3:55 PM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Maude called from the British Embassy. his call be returned. On cal. He aske4that (He said it wasn't urgent -- that if you were unable to call back this afternoon he would call again on Monday morning.) Can be reached at Br.Embassy - Ho-2-1340 - or if has gone to his Fund office, his secretary will transfer the call there. NOTE: May 1, 1969 - 1 - Messages for Mr. Volcker The Secy. signed the letters to Mr. Whitaker at the White House recommending that the NAG be retained and that the Cabinet Cmte. on Price Stability be discontinued. n, & Pendleton, 10:30 AM - Edmund Pendleton, of Culbertson, Pendleto http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis see you a law firm in Washington, called and asked to today or tomorrow. He said he represented a number of here business and commercial banks and, when you were y three in Washington before, he used to vist you ever or four months. He said he hadn't seen you since your on you. return and would like to pay a courtesy call week and I told him you had a very heavy schedule this do except next and he said it wasn't anything he had to to call at your convenience, so he would wait for ;us him when it is convenient for you. 296-3800 was in Washington -11:30 AM - Sir Eric Roll called and said he he's was in NY yesterday and saw the Chancellor -Atlantic here for a few days in connection with the half anA Council and would like to have 20 minutes or Atlantic hour with you and asked if you were going to the Council recept. on Saturday evening. I said you were slip away and he said he wondered if you and he could _ la - Messages for Mr. Volcker May 1, 1969 away after the reception and have a drink together and a talk. I said you were attending the White House Corresp. dinner at 7:30 and had to get a black tie on some where along the line, so I didn't know how that would work out but said I'd see what you thought. He said he would ;be in Washington thru Sunday and, if nothing else, perhaps you and he could talk on the phone together. In any event, he'll be on the lookout for you at the Saturday reception. He's staying at the Madison. 483-6400 12:30 PM - Nathaniel H. Rogg, of the Natl. Assn. of Home Builders, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called and said he is arranging a luncheon meeting, starting at 12:30 and running to about 4:00 PM on Thursday, May 8, with about 7 home builders and with John Heimann, Herbert Stein, Raymond Lapin, and Preston Martin, and would like to have you attend. The purpose is to discuss off=the-record, round table. mortgage credit/ Your cal. is clear excepting you have Edwin Jaenke, Adm., Farm Credit Adm., scheduled for 3:00 PM. Do you wish to: / V 1.is- ACCEPT REGRET ( X - 2 - Messages for Mr. Volcker 4:20 PM - Mr. Houthakker calle He Thursday, May 1, 1969 sked that his call be returned -- 3-5046. said it was urgent. 4:30 PM - Mr. Brumley's office (Public Affairs) called to say that the Secretary has agreed to an interview with Mr. Brittan of the London Financial Time72t a luncheon at 1:00 pm. on Wednesday, May 14, in the Secretary's Dining Room, and has asked you to Attending also will be Dr. Walker and probably except for the usual lunch on Wed. at the FedResBd Mr. Donnelley. Your calendar is clear/. ON CAL. join them. 4:45 PM - Mr. Morsteller,called. He said he had talked with Mrs.Harfield and that he was going to draft the contract and needed to talk with you about your objectives on the type of financing, etc. He can be reached at home this evening any time from 6:00 p.m. on 4:50 PM - Jim fkalen, V.P at Chase Manhattan (just returned from Paris where he had been Manager of the Paris branch) wanted to discuss a personal matter with you and asked that his call be returned. / He will be at home after 6':-3'O pm. on ; or tomorrow can be reached in this office from 8:45 AM in-e/morning on A C. 212-552-8367 NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Gill, the Canadian who wanted to see the Secy, said he was cutting his visit to check on seeing you Washington short and would take a rain Wednesday, April 30, 1969 Messages for Mr. Volcker 11:40AM - had had/a meeting of the Silver they that say to ed call rs Egge Mr. Secretary the date of Task Force and had cleared with the meeting o May 12 (Monday) at 9:30 AM for the Commission on Coinage. calendar. the Joint He wanted to check this date on your and he said I told hilt your calendar was clear, they would moveIa d today and get the meeting set up 4426. ( ON CAL.) They expect th hold the meeting in Room 11:55 AM - Mr. Saunders stopped in He would like to see you for a . (5806) moment on your rett.Iin from the State Dept nd an invitation by Matimut 4:25 PM - Protocol of State called to exte http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis His Excellency Nathaniel Samuels to a luncheon in honor of tion, Iran, Mehdi Samii, Managing Director, Plan Organiza erson Room, at 1:00 pm on Friday, May 9th, in the Thos. Jeff New State Department Building. The guests will number 18-20; ‘' only and according to Mrs. Contos of Protocol you are the guest from Treasury. have On your calendar for lunch on Friday, May 9th -- you the accepted an invitation to lunch with Dr. Daniiian at Metropolitan Club. your Do you wish to regret Mr. Samuels' invitation in view of prior connittement? (or) NO YES the invitaRegret Mr. Danielian's invitation now, in view of tion to an official luncheon? YES NO anSaliiiiVaff (Mrs. Contos - 182-2007 Nqgi airINnti ThWn Wednesday, April 30.1969 Mr. Walter McClelland, Iran Desk Officer at State offered the following background material on His Excellency Mehdi Samii. Mr. McClelland said he had spoken to Sam Cross today about Samii and mentioned that (Cross and Samii) they/were personal friends. Mr. McClelland said they would like to encourage you to attend the luncheon on the 9th by Mr. Samuels, since the Plan Organization is one that spends about 80 percent of Iran's oil revenues and Samii is in charge of the economic development plan -- and the present plan, whidl Mr, McClelland referred to as the 4th plan -- will spend $10.8 billion for development in the next five year. Samii was previously the Governor of the Central Bank of Iran -until last November, when he was given his present position. His title was conferred on him in his position as Managing Director of Plan. Samii isn't known as Minister -- but he is very close to the Shah and very influential; he had called on Secretary Fowler sometime in 1968. The object of his visit is to negotiate a foreign military sales credit -- he will be dealing mostly with the Pentagon in his negotiations, which will begin on May 12th. person as far as U.S. is concerned. He is considered as a very importan One of the reasons State is giving this luncheon is because he is instrumental in economic development and he has had extensive relations with U.S. banks in connection with the Plan Organization 0 Mr. McClelland further said that the reason Treasury is involved in this luncheon is because of his positinn in the Plan Organization rather than his status as negotiator. A biography of Samii is being sent to you - and it was suggested that Sam Cross might offer additional data, should you desire it, (Mr. McClelland-182-2498) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - Messages for Mr. Volcker Wednesday, April 30,'69 I explainec eral Hargrove called again. Gen r ste tma Pos ant ist Ass PM 0 5:5 the office, and he asked that you were in a meeting away from the meantime talked to that you be informed that he has in 0 a.m. meeting tomorrow Mr. Saunders -- with whom he has an 8:3 nders morning, Thursday, May 1, in Mr. Sau going to take care of the matter. were aware of this appointment. office, which is He wanted to be sure you He said the Post Office was a general reorganization in tha midst of preparing a draft for reference to the Treasury which would have several points of now proposed -- and with regard to their financing as ormally at this time about Mr c Hargrove wanted to visit inf what is proposed. He said he expects his visit with 10:00 a.m„, at which time Mr. Saunders to last until close to tment. he says Mr. Saunders has another appoin you for 15 minutes somesee to ed ask by d ppe sto en Nag e Pet 6:15 PM ancing -- he said he wants fin and ket mar the on ow orr tom e tim to get a new angle. I told him I did not see how you could considering the schedule do it any time this week or next, it to you. you have facing you,but said I'd put He commented hering you while you got that he had been good about not bot settled in. to talk to him Nelson stopped by and said you wanted when you had the time. s ter mat nel son per e som about 6:20 PM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NA 8-1600. Messar,es fr)r Mr. Volcker 8:45 AM - Mr. Jurich called. - 1 - Tuesday, April 29, 1969 He is aware of your tight schedule today, but says he needs about 10 minutes with you. The meeting with Mr. Samuels is for 4:00 pm this afternoon to finalize offs eI3 and Mr. Jurich says he needs some decisions from you. (I told him that you still had Mr. MacLaury and Mr. Saunders -- and that when they left you migh t be free. However, you do want to talk with Mr. McCracken before he sees Mr. Sdhoellhorn at 10:00 a.m. this morning.) . -(5264) 9:15 AM - Mr. Houthakker called. He asked that his call be returned. (103-5046) 9:35 AM - Mr. Jurich called. He said there is just one additional item on the offset which he didn't cover with you this morning -- and it would just take a minute on the telephone. He asked that he be called. (5264 or Dr. Walker's office, 2801) 10:00 AM - Dr. Wallich called. He asked for about 12:00 noon -- very tentatively. 5 minutes with you. I gave him ( ON CAL.) ilkdiftcaUd 10:45 AM - Mr. Samuels called again; he had just returned from a 10:00 AM meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and will be in his office and available until he has some one coming in at 12:00 M, following which he is going to lunch in State at 12:30. Incidentally, when he called you earlier, I asked his secy. if she could ask him if he was planning to see Schoellhorn and when; she said she had already asked him and he knew nothing about it -- he said Schoellhorn had not asked to see him so fffr as he knew. So apparently there was some confusion on Mr. Enders' part last night in saying that Mr. Samuels had asked to see Schoellhorn. Messages for Mr. Volcker April 29, 1969 - 2 12:15 PM - State Dept. called and said Mr. Samuels is hosting a luncheon at 1:00 PM on Thursday, May 1, in connection with the US/FRG offset negotiations in theilimfton Van Buren Rooms at State and would be pleased to have you attend. I had tentatively put the Fed Board's Consultants luncheon down on May 1 but assume that Mr. MacLaury could attend if you think you should attend the offset lunch. YES Do you wish to do this? 4_ NO 12:20 PM - Murray Seeger, of L.A. Times, called about arrangements for the White cr House Correspondents dinner this coming Saturday. He asked if you were going to the Atlantic Council reception at State and I said you were supposed to. He said he was supposed to attend that reception too, so he might run into you there. In case you miss connecting at State, he suggested that you meet him in Rm. 1101 at the Washington Hilton, which is the reception room the Los Angeles Times has for their guests, at 7:00 PM. He said the dinner is scheduled for 7:30 PM. On cal. 12:25 PM - Mr. Dale called re the memcon he did covering your conversation with Polak and Schweitzer, on which you had written a note saying you thought it could be distributed. He wondered whether you meant him to distribute through the VG series or just to people in Treasury. VG series Treasury only 12:40 PM - Margaret Muehlhaus informed me that Chrm. Martin has changed his plans http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and will be in Washington tomorrow and able to attend the financing luncheon. I had not done anything about inviting Gov. Robertson yet so there is no problem. Mr. Saunders' office says neither the Secy. nor Mr. Walker will be able to attend the financing luncheon tomorrow. Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3- April 291 1969 Mr. Eggers stopped by and said he would like to talk to you as soon as IS ssible on the Coinage Commission matter. moving -- it is now the eleventh hour. He said we have to get things 2093 Rees Stith called and asked if a briefing memo had been sent to the Secy. for his visit with Schoellhorn and Emminger today. I said one had. He sSid Mr° Donnelley thinks he (Stith) should receive copies of all briefing papers sent to the Secy. for visits with foreigners so that he can keep up to date and he was calling to request same. I am asking Mr. Widman's shop to sen& him a copy of the Secy's briefing paper for today's visit with Schoellhorn but thought I should check with you before broadcasting word throughout OASIA to send copies of any future briefing papers for Secy's visits with foreigners to Mr. Stith. yEs Do you wish this to be done? NOTE: April 29, 1969 - 4- Messages for Mr. Volcker I talked again to Mr. Seeger and he said he is going to wear his black tie He said there will be a lot of penguins to the State Dept. reception on Sat. at the Atlantic Council recept because many of the people there will be going on to the WH Corresp. dinner. I told him you were participating in the afternoon panel discussion from 2:30 to 5:00 and I didn't know whether you'd try to get home and put on your black tie before or after the reception but, in any event, you live just a skip and a jump from the State Bldg. and it will be easy for you to stop off at your apt. and change. NOTE: I found out from Edith how to get copies of the photos of you and Mr. Walker with the President. I have to call the White House photographer and have the identification numbers of the photos. There are two photos and the question is how many copies, do you want and do you want them in glossy print or matte finish. -9000isa 3:30 PM - Mr. Maude's office called and said John Kirbyshire, Advisor to the Bank of England, will be in Washington Mon. - Thurs., May 19 - 22, and would like to see Mr. Walker, Mr. Petty and you and she was trying to line up appts. with each in serial, if possible. She said she was trying for Tues. AM May 20th, which I told her was clear so far as you were concerned at the present. She called back later and asked for 11:30. On cal. ;:45 PM - Mr. McCracken's secy. called with reference to an undated letter (which http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis she said they recd. on Apr. 28) signed by Peter Flannigan in the White House to the 2micxxxiafx2tate4 Secy. of Treasury, Atty, General, the Chrm. of Atomic Energy, Mr. McCracken and Mr. Mayo about undertaking a study of "uranium enrichment facilities." She said Messrs. McCracken, Dubridge, and Seaborg have been having meetings on this subject for the past couple of weeks and it was decided to set up a task force to undertake the study. 1 - Messages for Mr. Volcker April 28, 1969 10:30 AM - Mr. Saunders stopped by and said your financing group needs to have a session with you when you get back this afternoon. I suggested he Oave them on standby, since we don't know just when you'll be back. (Also, Mr. Jurich needs to see you on offsets and is on standby.) 12:00 M - Mr. Donnelley called you and said he'd talk to Mr. Petty since you were away. 12:15 PM - office 9:00 AM - Mrs. Harfield called to say that she can be rilached at gm her on WO-6.1966 until 6:00 p.m. this evening, and then will be at home from 7:00 PM - on . 12:30 PM - The German Embassy called to extend the German Ambassor's invitation to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you for lunch on Friday, May 2 at 1:00 poa. at the Ambassador's residence, 1900 Foxhall Rd. for Mr. Harkort. ACCEYI REGRET (RSVP -- Mrs. LPssence - 331-3205) Your calendar is clear. _ Messages far Mt. Volcker 8:55 AM - Mbnday, April 28, 1969 Mt. K. K. Bigelow of Harvey Aluminum called to extend an invitation to you and Mrs. Volcker to attend a cocktail party at his home in Arlington, Va. (he was to supply the address when you replied to his invitation) from 7:00 p.m. to 9:00 p.m. on Saturday evening, May 3 -- to meet Dr. Wisbman who is head of the Budget Section of the German Defense Department and is in the Uhited States with the German offset delegation. He said Dr.Wishman is a personnl friend of his; and Mt. Bigelow was going to entertain about 15 or 20 couples -- several from the State Department -- and including also Mt. Jurich. I regretted for you and explained to Mt. Bigelow that you are already committed to attend a 5:30 p.m. reception and a 6:30 p.m. dinner that evening. (W. Bigetlow-296-1682). On your calendar for Saturday evening, May 3: (1) 5:30 PM -- Mt. Volcker to attend Atlantic Council reception hombed by the Secretary of State, 8th fl.„ State Dept. (2) 6:30 PM -- Mr. Volcker to attend White House Corres. dinner at the Washington Hilton as guest of Murray Seeger of the L.A. Times. 4:10 PM - Mk*. Samuels called. 4:25 PM - Gov. Duane called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. (182-2232) (147-211) He asked that his call be returned. Messages for Mr. Volcker NOTE: April 28, 1969 - 3 - Secy's operator called and said the Secy's staff mtg. this week has been moved from Wednesday to 8:45 AMIKon Friday. been cancelled altogether. The staff mtg. next week has On cal. 7:30 PM - Mr. McCracken's asst. called back and said Mr. Houthakker is having a dinner party tonight so it won't be easy to reach him and he talked to Mr. McCracken again. Mr. McCracken has decided to return to Washington on an earlier plane in the morning, in order to talk to you, and now expects to be in his office by about 9:05 AM, so if you could call him in his office arOund 9:15, he will be reachable there then. NOTE: Mr. Widman said no appt. had been scheduled for Mr. Samuels to see Schoellhorn but, according to Mr. Enders, Mr. Samuels requested that one be arranged. He only made the request this morning and, so far as Mr. Enders and Mr. HtEggenbotham know and are able to find out tonight, nothing has yet been scheduled. Mr. Higgenbotham said he would check with Mr. Samuel's immediate staff first thing in the morning and get word to Pearl (he knows you are having a meeting at 8:00 AM and will get word in early either that there Is no appt. scheduled yet or the time of the appt. He will also alert Mr. Samuels' staff to let us know the time just as soon as an appointment one Is scheduled, if mmt/has not in already been scheduled, so that you can be sure to talk to Mr. SAmuels before he sees Schoellhorn.) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Widman reported that van Lennep did not want to have a mtg. with you on Sunday, May 4th, but will have dinner with you that evenigg. Instead of the Sunday meeting, Mr. van Lennep suggested meeting with you on intl. monetary matters sometime on Tuesday, the 6th. When Mr. Widman As tried to work out a time, he found that Mr. van Lenneps' schedule was completely filled on Tues., so Mr. Widman thought the best solution might be for you to do any discussion on this subject you need to do at the Sunday dinner. Incidentally, 4 - Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 4- April 28, 1969 dinner with Mr. van Lennep? Would the Madison Hotel be all right for your the two or you, and if the I understand it is to be tete-a-tete, just r table in your name Madison is all right, we'll reserve a quiet corne with Mr. Dixon. and I'll work the financing arrangements out Would this be agreeable? YES NO ".1M111111k 41•4" Messages for Mr. Volcker 11:00 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -1- Saturday2 April 26, 1969 Dixon Donnelley called to check your calendar for dinner on Friday, May 2. He said he had mentioned to you last night the invitation from the top three Reutersi Agency men and said that if it were at all possible, he suggests that you accept the invitation. This would be at 7:30 p.m. at the International Club, 1225 - 19th St.,N.W. and the men who are inviting you to dinner are OMR OM* Pat Heffernan, Bureau Chief, Washington -- Also President of the National Press Club Mike Nelson, Head of the Reuters Economic Service based in Londo n, Roklextxt±mm* Cyril A. Smith 2 North American News Manager of the Economic Divis ion of Reuters -- and also Robert Linn, who is President of Ultramatic Systems, Inc. -a Oommunications system. He said that if he couldn't make it, there would be someone else with you of the Public Affairs office. Mr. Donnelley said this dinner would be social -- not an interview NOTE: just discussion. Your foreign visitors during the course of the day on Friday, (10:00 AM) (11:15 AM) May 2, will be Mr. Harkort, et al; Gov. Rasminsky; Wolfgang (2:30 PM) Schmitz; President of the Austrian National Bank; with a wind-up session with Mr. Harkort at State scheduled for 3:00 pm (estimated to last one-half hour). Your calendar for Friday evening is clear. dinner Do you wish to accept the Reuters/Agency executives'/invitation? YES NO (Mr. Donnelley - 5252) Messages for Mr. Volcker - 1 April 28, 1969 10:30 AM - Mr. Saunders stopped by and said your financing group needs to have a session with you when you get back this afternoon. I suggested he have them on standby, since we don't know just when you'll be back. (Also, Mr. Jurich needs to see you on offsets and is on standby.) 12:00 M - Mr. Donnelley called you and said he'd talk to Mr. Petty since you were away. 12:15 PM - 9:00 AM - Mrs. Harfield called to say that she can be reached at gm her office on WO-6.1966 until 6:00 p.m. this evening, and then will be at home from 7:00 PM - on . 12:30 PM - The German Embassy called to extend the German Ambassor's invitat ion to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you for lunch on Friday, May 2 at 1:00 p.m. at the Ambassador's residence, 1900 Foxhall Rd. for Mr. Harkort. ACCEPT REGRET (RSVP -- Mrs. Lissence - 331-3205) Your calendar is clear. Messages for Mr. Volcker 8:55 AM - Monday )April 28, 1969 Mr. K. K. Bigelow of Harvey Aluminum called to extend an invitation to you and Mrs. Volcker to attend a cocktail party at his home in Arlington, Va. (he was to supply the address when you replied to his invitation) 7:00 p.m. to 9:00 p.m. on Saturday evening, May from 3 -- to meet Dr. Wishman who is head of the Budget Section of the German Defense Department and is in the United States with the German offset delegation. He said DrcW1shman is a personal friend of his; and Mr. Bigelow was going to entertain about 15 or 20 couples -- several from the State Department -- and including also Mr. Jurich. I regretted for you and explained to Mr. Bigelow that you are already committed to attend a 5:30 p.m. reception and a 6:30 p.m. dinner that evening. (Mr. Bigetlow-296-1682). On your calendar for Saturday evening, May 3: (1) 5:30 PM -- Mr. Volcker to attend Atlantic Council reception hosted by the Secretary of State, 8th U., State Dept. (2) 6:30 PM -- Mr. Volcker to attend White House Corres. dinner at the Washington Hilton as guest of Murray Seeger of the L.A. Times. 4:10 PM - Mr. Samuels called. 4:25 PM - Gov. Daane called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He a ed that his call be returned. He aslie that his call be returned. (182-2232) (147-211) missages for eir. Volcker - 1- April 23 - 251 1969 Wednesday, April 23 NOTE: Margaret called and said Chrm. Martin is giving a luncheon for Gov. O'Brien at the Fed Board at 1:00 PM on Tuesday, May 6, and is also giving an informal stag dinner for him at 7:30 PM the same day at his home, , and would be glad to have you attend both or either one, depending on your availability and interest. The Chairman also invited the Secy. to the dinner but he had a conflict and regretted. and Mr. Walker accepted. He also invited Mr. Walker to the dinner, You are free for lunch on Uktnastax May had previously accepted the Minnesota Bankers invitation to their 6 but 6:00 PM recept. and 7:00 PM dinner in the Dolley Madison Rm., the Madison Hotel.1 qi (You are also going to Mr. Maude's dinner for O'Brien on Mon., May 5.) With respect to the lunch for Gov. O'Brien, do you wish to: ACCEPT REGRET 7\ '' With respect to the dinner for Gov. O'Brien, do you wish to: ACCEPT iv °IPA- -str\K-Gt. 4 11-4\ REGRET If you decide to accept for the dinner, do you wish to have me tell the ilce ! r itsio?k It.. Minn. Bankers that you will try to stop by at their reception? 5-; L 6C .or itir 4 ..tAt ARNX YES 414'1/ ) I id 5:45 PM - Mary Barris called and said the Secy. would like to have a skull sessi n http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with ;you at 9:00 AM on Saturday, April 261 in his offic e. have to meet with Schoellhorn and Emminger at 10:00. He knows you I asked Mary if this meant you were off the hook on seeing Secy. again in the late afternoon or evening or if she thought he would want to see you again on Saturday. She said no, he would not want to see you again. In this event, is it A Messages for Mr. Volcker - 2 - April 23 - 25, 1969 all right to plan that you will host or co-host the 8:00 PM dinner at State for Schoellhorn & Co? YES NO Thursday, April 24 NOTE: Margaret reported back that Mrs. Martin appreciate your offering her the options on the May 13 dinner she had proposed and said she would like to have both you and Mrs. Volcker and thought she would wait until someti me when Mrs. Volcker is in town, if we hav e any advance warning and Mrs. Martin is able to arrange a dinner, or else she will wait until Mrs. Vol cker has moved down to Washington. 12:30 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis t t a s s Messages for Mr. Volcker - 3- April 23 - 25, 1969 l said ) Friday, April 25 NOTE: ;I called Mrs. Harfield and told her you would not be able to view the house early Sat, morning but would do sometime on Saturday. I told her I thought the most likely time would be in the neighborhood of 6:00 PM (or whenever your 3:30 session is over but before the 8:00 PM dinner at State for the Germans). I told her we would phone her at home (where she expects to be tomorrow) to confirm the time but said we might titi/IA confirm until sometime in the afternoon. 12:00 M - Ray Sabatella called and said he was going to be in Washington the early http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis part of next week and hoped to take you out to buy you a jelly sandwich or something. I toldilm you had a terrible schedule next week and he said he could understand that. in case. He might give us a call on Wednesday just Messages for Mr. Volcker 4 April 23 - 25, 1969 April 25 (Cont.) 12:45 PM - Mr. Cadle called to ask if he might bring their new Director over to meet you on Tuesday. I explained çyour schedule and said we'd be back in touch with him when you got unburied. 6:30 PM - Mr. Jurichts office called and said he would like to meet with you on Monday afternoon or early Tuesday morning on the offsets, preparatory to a meeting mm at State on this on Tues. aftern oon. I said the only possible time seemed to be late Monday when you got back from out of town and said we'd put it on the calendar but would have to be flexible about time -- and would call him when you were back and ready to see him. NOTE: Mr. Colman had offered Mr. Kearns late Monday afternoon or 8:00 AM Tuesday morning for the meeting on Eximbank financing -- and Kearns opted for Tiles. morning -- he apparently had something on for Monday evening. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On cal. Margaret Muehlhaus called this afternoon and said she just realized that next Wednesday was the financing lunch in Secy's Dining Rm. and Mr. Martin is going to be in Williamsburg for the big Inter-American Central Bankers meeting, which includes North, Central, and South America. She said he will be there on Monday, will come back about 8:00 AM on Tuesday for the Open Market Cmte. meeting and for the 4:15 Quadriad meeting -- they don't know yet how they are going to get him back to Williamsburg that evening but he will be going back sometime after the Quaddiad mtg. The final session is from 9:30 AM to 1:00 PM on Wednesday with a closing lunch starting, she thought, but wasn't sure, about 1:30 PM. She said not all of their Govs. are in Williamsburg at the same time so there will be some people here -Gov. Robertson she was sure would be here on Wednesday if you should want him to attend the migx financing lunch. She said if you wanted to talk to April 23 - 25, 1969 Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chrm. Martin on Tuesday, he would be available after the Open Market Cmte. lunch and before the 4:15 Quadriad (which, I understand, is only tentative, according to Secy's calendar). She also said he could be reached by phone in Williamsburg if you should want to talk to him on Wednesday about the decision. bicxxxx Would you like to have Gov. Robertson attend the financing lunch here on Wednesday? YES NO / !, Messages for Mr. Volcker - 1 April 21, 1969 10:30 AM - Mrs. Johnson in Protocol at State called to extend an invitation to you and Mrs. Volcker from Secy. & Mrs. Rogers to a reception in honor of patticipants in the Atlantic Council Conference at 5:30 PM on Sat., May 3, in the Adams Rm. at State. You're scheduled to attend the White House Correspondent's Black Tie dinner at the Washington Hilton at 6:30 but I'm sure they will have a long cocktail hour and you can get there later. Okay to accept for you for the Atlantic Council recept. and regret for Mrs. Volcker? YES 2C, NO 11:15 AM - The secy. to Mr. Covey Oliver, new U. S. Director in the World Bank, called and said that he and his Deputy, Emmett Rice, would like to pay a courtesy call on you on Wednesday. en route to Europe on Wednesday. I explained you would be She said Tuesday was a bad day but wondered if there was any chance they might see you this afternoon. Since the Lapin meeting at 4:00 this afternoon has been cancelled, would it be all right to give them 4:00 PM? YES NO )14 11:30 AM - Mr. Willis would like a word with you before lunch, if possible. 5334 11:45 AM - Mr. Stith called and said he had planned to be present when Messrs. Rowen and Randall, of the Post, see you at 12:00 but he needs to do some drafting on Congressional speeches on tax reform and wondered if it would be all right if he did not sit in. I told him I was sure it would be all right but would touch base with you. 11:47 AM - Mr. Brumley called, and when I said you were tied up but wanted to talk http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis April 21, 1969 2 - Messages for Mr. Volcker d be standing by and to him about the Secy's interview, he said he woul interview by noon reminded me that they were supposed to return the today. 8191 to see you, partly on the study he 11:50 AM - Mr. Albright called and would like is doing and partly personal. If you are tight for time, he can send part on the phone. the paper around and take care of the personal He has to be at State at 4:0o and I suggested he let us know when he Volcker Group meeting. gets back, hoping we can fit him in before your 5:30 12:10 PM - Mr. Wojnilower returned your call. PENDING: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (1) DIGBY 4-1515 Call Mt. Ross, of HUD, 138 - 56521 (2) Return Mr. Szabo's call. 180-6542 Call Mr. Evan Galbraith. 425-2323 (3) (I'm trying to get hold of Mr. Webster or Mrs. Allin to find out how you can offer Mr. Bank Galbraith the position of U.S. Exec. Director of the World to this when apparently Covey Oliver has already been designated post as the new man.) (4) Mr. Jurich would like to get a debriefing on your talk with the Germans. _ 3 _ Messages for Mr. Volcker Mondays April 21. , 1269 12:00 Noon - Margaret Muelhauss Chairman Martin's secretary, called to extend an invitation to you and Mrs. Volcker by Chairman and Mrs. Martin, to a Black Tie dinner on Tuesday, May 13, at 8:00 p.m., at the Martin home, (She said there would about 12-16 guests. be I told Margaret that Mrs. Volcker was still communting between Washington and New Jersey and asked whether it would be all right to accept for you alone should she not be here on the 13th. She said she was sure it would be. Your calendar for Tuesday evening, May 13, is clear. Do you wish to accept for you and Mrs. Volcker? YES NO Accept for you? Regret for Mrs. Volcker? (147-201) 2:45 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mt. Samuels called. He asked that his call be returned. (182-2232) 4:05 PM - Mr. Brumley called ant, Ipelalike to speak to you on the phone; NOTE: 8191 Rose Cicala said she checked and found that Secy. Blount had reserved Camp David for Friday, Apr. 25, for a group of businessmen he is meeting with and they are not expected to vacate until 2:00 PM on Sunday. She conveyed this to the Secy. and he has decided to plan to leave Washington at 5:30 PM on Sunday for Camp David. He has asked Mr. Walker to tide in Secy's car with him and the Chancellor. She talked to Mr. Widman, and then to me, and then I talked to Mr. Willis, and it is proposed that you take with you in your car Sir Douglas Allen and Mr. Maude; Mr. Willis suggested that Jim Griffin should ride with you rather than in the third car (Mr. Walker's car), in which Mr. Willis will ride with the Chancellor's Aide, Mr. Harris, and the Chancellor's secy., Mr. Dowler. -4 - Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis April 21, 1969 I understand that Mr. Griffin usually stays with relatives in Washington and I am trying to find out what their address is; depending on where Griffin will be located, we will probably ask Mr. Morrow to pick him up, then pick you up, and then go to tiatx2xitilsk the British Embassy to pick up Sir Douglas and Mr. Maude. Mr. Morrow says the best way to get to Camp David from the Embassy is go up Mass. Ave. to Wisconsin, out Wisconsin to River Drive, River Drive to the Circumferential, and out 70A to Fredericksburg, and out 15 to ea Thurmont and Camp David. (Rose has a map and will give copies to the drivers--but it doesn't show best way to get out of Washington to 70A.) 2ix Does this sound satisfactory? YES NO Rose said the Secy. is planning on having his car and driver remain at Camp David overnight. I looked at the map Rose got of the grounds around Camp David and it appears there are some short drives that can be taken which, combined with short walks, to one to various lookout points. She is checking with the White House to confirm that there are scenic drives to be taken and that there is no transportation already at Camp David. In case she confirms this, I would assume it would be desirable to have Mr. Morrow and Mr. Walker's driver remain overnight at Camp Davis as well. TENTATIVELY: YES NO In view of this later departure, would you wish to return to the original plan for Saturday of having a lunch for the complete group of participants in the meetings with Schoellhorn & Emminger and you and Gov. Daane having a dinner for Schoellhorn & Emminger Sat. evening, limited to just the four of you ? YES NO - 1 - Messages for Mr. Volcker April 18, 1969 12:45 PM - Mr. Jurich called and would like to know whether his memo to the President on NSDM 12, dated A is to be changed. il 14, on offsets was approved or were to discuss the Japan position 1/Yr / Also, Sew/0161 and he needs to know the Secy's position on situation with the that. 12:50 PM - Mr. Wallich called and said to ask you if it is agreeable to have him attend the WP-3 US delegation meeting this afternoon. YES N9// 1:00 PM - Mr. Willis has set up a Volcker Group meeting for 5:30 PM Monday in your office. He made it Monday because Gov. Daane is leaving on Tuesday for Europe. NOTE: On cal. Mr. Albright has a call in to me and I'm sure he'll be asking about his dinner for the Germans tomorrow night -- whether you'll attend. 1 What shall I tell him? NOTE: Do you want anyone to sit in when the Germans come to see you at 3:30 today? NOTE: I've tentatively alerted Mr. Widman. Dan White's secy. at Princeton Univ0 called this morning and said they were unable to get one other member of the proposed panel on inflation for their Reunion and, knowing how busy you are, they've decided to cancel the panel and will probably try to get you for some other Reunion. REMINDER: Mr. Ross of HUD, whom you tried to reach Wednesday afternoon, returned your call and, to my knowledge, you have never called him again. events overtaken this? 138 - 56521 You wanted to return Mr. Szabo's call of Tuesday. (,- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Have 180-6542 • April 18, 1969 Messages for Mr. Volcker NOTE: Mr. Widman said Hr. Harkort momiAxiAxkx would like to see you separately from the offset negotiations and Mr. Widman thought you probably should see him. Mr. Widman is trying to set this up for 4:30 on Thursday, May 1. On cal. 2:00 PM - Stanley Blair, in the Vice President's office, called and would like you to call him. 1450 & ask for Mr. Blair. 2:45 PM - Mr. Webster stopped by and said he talked to the Secy. about Evan http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Galbraith ftr as a possibility for the position of U. S. Director of IBRD. The Secretary said that sounded good and said "let's see if we can't get something moving on that," which Mr. Webster takes to mean that you ought to talk to Galbraith again to see if he has any interest in that position, not= making a commitment but feeling him out, if you think that is a good move, which Mr. Webster thinks you will. )April 17, 1969 Thursday - 1 - Messages for Mr. Volcker you might like to know that 8:15 AM - Mr. MacLaury stopped by to say that a Manager at the D.H. will be in to see Mr./Macdonald, -one•-eff--trhe-4:ienere-1--MEtnegere--e41 BIS, Dr. Wallich sometime today. Mr. MacLaury also expects to see him. just talked with Dr. Wallich He thought you might like to meet him. (I appointment; who said his secretary may have made the he didn't know be happy to bring him and when to expect Mr. Macdonald -- but would Introduce him if you should be free. NOTE: s he wanted to discuss with Dr. Wallich said he had several matter (ON CAL.) you . I gave him 11:30 a.m. this morning. (Changed to late afternoon on flexible basis. MA) to see you 1:50 PM - Mary Harris called to say that the Secretary was not free and Mr. Weidenbaum this afternoon. She said tomorrow morning at 9:45 AM was open and has put you down for then. (ON CAL.) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Colman called this morning and said that he and Mr. Jurich should see you sometime before they attend a 2:00 PM meeting tomorrow of the NSC Review Group on Japan. He said OASIA feels the NSC is on the wrong wicket on this Japanese problem and that we should send in a dissenting paper, backed up by Mr. Walker and the Secretary, but they need your concurrence first. I suggested 9:00 AM in the morning, which Mr. Colman He said he would send around the dissenting paper for (Attached) you to see in advance/ Since arranging this, I have learned that the said was fine. Secy. will be leaving the building tomorrow at 11:00 for Guatamala and have asked Mr. Colman's secy. to alert her to this in case he feels this paper needs the Secy's clearance before he leaves. NOTE:k April 17, 1969 - 2 - Messages for Mr. Volcker Mr. Bean stopped by and said Mr. Wichmann, German Budget Director in the Ministry of Defense, and his Asst. Schneider, are in town and would like to meet with you tomorrow, if possible. Mr. Wichmann is to be am x member of the German team in the offset negotiations. Mr. Wichmann would prefer some time tomorrow afternoon but, except for lunch, he is available at any time. As you suggested I arranged for them to come in to see you at 11:30 AM tomorrow, which seemed the only feasible time for them and you. They have a 12:15 PM lunch at the Pentagon, so couldn't come later in the morning. On cal. Would you like to have any one or mole of the following sit in? Mr. Jurich or representative Mr. Widman Anyone else NOTE: I checked with Mrs. Volcker on whether she had planned anything for the dinner hour on Saturday; she said she had just accepted a pot luck invitation for dinner from your former neighbots, the Ogdens but it isn't anything you have to do if you think you should go to Mr. and Mrs. Albright's dinner -she said she could leave the children with the Ogdens in any event, so it Is up to you. We probably should let Mr. Albright know so he can tell his wife what to plan on. Do you wish to tell Mr. Albright that you - ACCEPT 4",, .4 ARE SORRY YOU HAVEINOTHER ENGAGEMENT 5:15 PM - Merlyn Trued called and said he was wondering about getting together http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with you for dinner tonight. I explained you were going to a wine tasting with Dr. Wallich from 7:00 to 9:00. He said to tell you he'd called and was off to Guatamala tomorrow but would be in touch with you when he returned AA,1604 _ 3 _ Messages for Mr. Volcker NOTE: April 18, 1969 Mr. Widman said Hr. Harkort momitimbikka would like to see you separately from the offset negotiations and Mr. Widman thought you probably should see him. Mr. Adman is trying to set this up for 4:30 on Thursday, May 1. On cal. 2:00 PM - Stanley Blair, in the Vice President's office, called and would like you to call him. 1450 & ask for Mr. Blair. 2:45 PM - Mr. Webster stopped by and said he talked to the Secy. about Evan Galbraith Ifor as a possibility for the position of U. S. Director of IBRD. The Secretary said that sounded good and said "let's see if we can't /get something moving on that," which Mr. Webster takes to mean that you ought to talk to Galbraith again to see if he has any interest in that position, not making a commitment but feeling him out, if you think that is a good move, which Mr. Webster thinks you will. 3:55 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis PM - Guy Noyes of the Mbrgan Guaranty Trust Co. called. Ext. 4055) his call be returned. (A.C. 212-425-2323, He asked that Messages for Mr. Volcker - 3- 4:30 PM - Mr. Kearns returned your call. April 181 1969 He is going out of the building for a 5:00 o'clock meeting but will be back sometime after 5:30, if you want to reach him then. 1246 - 201 4:50 PM - Mr. Webster said he has a strong candidate for the debt management job the man is willing to talk about it -- and Mr. Webster would like to give you his background and see if we can arrange a time to get him down here to see you. 4:55 PM - Mr. Jurich called and said he is seeing Wichmann next Tuesday aftern oon http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and would like to see you sometime between now and then to be briefed on your talk with Wichmann so he can be consistent with pp what you said. Messages for Mr. Volcker - 1 April 16, 1969 9:40 AM - Mr. MacLaury's secy cal led and said he wanted you to kno w, in case you hadn't already heard, that he understands that the investment tax credit suspension is under ser ious discussion. He did not say at what level. NOTE: We have accepted Chairman Martin's invitation to lunch at the Fed today. Accompanying you will be Messrs. MacLau ry, Saunders, Carlock, and Snyder. 10:00 AM - Murray Weidenbaum called and said to let you know he is here at the Treasury on Ext. 2553 (Rm. 3315, the temporary office Mr. MacLau ry first occupied -- Mr. Wallace's for mer office). 2:05 PM - Mr. Bergsten called . He asked that his call be return ed. 2:10 PM - Mr. Nelson stopped by. (1035026) He would like to talk with you on the phone whe n you are free and asked that he be called. (2884) 12:15 PM - Gov. Deane called and wanted to talk with you ; said he was going to leave his office at 12:45 to catch a plane to Danville, h 2:25 PM - Gov. Daane called and said he was at the airport and his plane was delayed and he probably wouldn't get to Danville before your 4:00 o'c lock meeting with the Secy. Under the circumstances, he said perhap s, since you're going to be tied up almost con tinuously from 4:00 on, y you might call him when you have a chance at his motherlin-law's in Danville - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker April 16, 1969 - 2 - Gov. Deane said he needs at the luncheon in Paris sponsored to talk with you about his speaking ld not have time to prepare a speech by Eastman Dillon. He said he wou ed speech if he is speaking at a and he would have to have a prepar and it appears to him he would have it ge fud t jus 't can he -on che lun an securities, which is really to make a plug for investing in Americ iness Treasury business -- not Fed bus and therefore the speech would Treasury. have to be prepared by someone in If that is the is case, ry appropriate for someone from Treasu e mor be ld wou it him to ms see It problem es your problem but it also poses a liz rea He . ech spe the e giv to it of this kind. He apparently will do for th Fed to set a precedent ls he must talk to you about it. if you wring his arm but he fee Institutional to Gilbert Kaplan, Editor of the y. sec , ord esf Ber s nce Fra s Mis 2:30 PM and to his letter to you (copy attached) Investor, called with reference http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis e an t Wednesday and would like to mak said he will be in Washington nex referred the orig. of balimp. I t tha e not l wil u (Yo . you h appointment wit ple ing him to discuss with various peo Kaplan's letter to Mr. Widman ask t handled.) I told Miss Beresford tha and suggest how this ought to be d nesday, en route to Europe, and sai you would be out of town next Wed 's to consider the proposals in Mr. Kaplan the Treasury would need some time dy to in touch with her when we were rea letter and suggested that we get all right. Her phone is AC 212 (NYC) discuss. She said that would be 267-3100. Messages for Mr. Volcker - 3- April 16, 1969 2:45 PM - Mr. Dan White, at Princeton Univ., called and said they sent an invitation to you asking you if you would be interested in participating in a Faculty - Alumni Forum on inflation at Princeton on June 5th. I had not seen such a communication. have gone astray. I told him He said they were afraid it might This forum is being held in connection with their Reunion, which starts kliqx June 5 and runs through the i 8th. He said the Forum will be at 2:00 PM on Thurs., June 5th, and will take 1-1/2 hours. You would be a member of a panel including Wm. Baumol, a Professor of Economics at Princeton, as Moderator, Wm. Bell, Jr., of Class of 1939, now Exec. V.P. of the First Camden Natl. Bank; Donald Lawson, Class of 1959, an Associate Economist with the Natl. Assn. of Mutual Savings Banks (whom they are waiting to hear from); and you. He did not know what approach to "inflation" the panel would be expected to take phases it would cover. He said it would be up to the moderator to get in touch with you on that after you had accepted. clear on June 5. or what Your cal. is presently Mr. White's phone is AC 609 - 452-3350. 2:50 PM - Mr. Hirschtritt stopped by and would like to see you for 3:30 PM - Hardin Hawes of Chicago stopped by to say hello. 5 minutes. He didn't have any- thing special to see you about so I told him you were tied up. 3:40 PM - MX. jurich stopped by and would like you to call him. 3:20 PM - MX. Webster would like to see you. 5264 8484 4:05 PM - Ben Webberman of the American Banker called. He wanted to talk with you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis about debt management.-- His call was transferred to MX. Saunders when he learned he learned that you might not be available to talk with him this afternoon. Messages for Mr. Volcker -4- April 16, 1969 4:15 PM - Don Cadle called and said he had talked to you and you agreed to see him for 15 minutes and told him to set up an appointment with me. I gave him 12:30 PM tomorrow. 4:20 PM - Wm. Ross of HUD returned your call. 138 - 56521 4:30 PM - Don Smith called and said the Japanese Embassy has informed him that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Mural will not be coming to Washington at the end of April. There has been a delay in the Diet in debate on the SDR legislation and he has to remain in Japan. So he won't be coming in April but will probably come to Washington the latter part of May after the G-10 meeting in Paris. April 15, 1969 - 1 Messages for Mr. Volcker 10:45 AM - Mr. Szabo, in Senator Javitts' office, called and would like you to call him. 180 - 6542 tomorrow morning has been 12:30 PM - Secy's Operator called and said Secy's Staff instead cancelled and the one scheduled for a week later will be held, of on Wednesday, on Friday, Apr. 25th, when you'll be in Paris. On cal. Uhlen, of Mobile Oil of NY, 12:40 PM - Edward Bernstein called and said that Robert Tuesday, or viii would like to see you sometime next week on Monday, Wednesday. I told Mr. Bernstein I would have to check this out with you because your schedule was pretty crowded. Actually, next Monday of your and Tuesday aren't too bad so far, excepting Tues. is eve a departure for Paris and Messrs. Lapin and Schwartz want to have will session with you on FNMA financing for rest of the year, which are a probably have to be set up on one of those days -- and there few other things. Do you want to try to fit Mr. Uhlen in? YES NO 2:20 PM - Mr. Curtis called and said Mr. Colman left it with him to check when you returned as to whether you had seen the Indicators with the flash figmxime figures and whether it is all right for them to give the ,ó1K to give out? g figure out to other agenc NO paper 2:45 PM - Mr. Crosswhite reported, in response to my earlier call re NSC http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis relating to the offsets, that they cannot find the paper and believe that Mr. Jurich, who is out of the building for most of the day, must be carrying it with him. They will check with him as soon as he returns. Messages for Mt. Volcker - 2- Tuesday, April 15, 1969 2:50 PM - Oscar Naumann of the Journal of Commerce cal3ed. He wanted to talk with you about the South African drawing -- or with Mt. MacLaury if you were unavailable. I explained that you were in a meeting -- Which Mt. MacLaury was also attending. He asked that his call be returned. Will you talk with Mt. Naumann? YES Shall I refer the call to Mt. MacLaury? NO YES NO 3:40 PM - Irene Stahl, Hans Widenmann's secretary, called to say that Mr. Widenmann with Dr. Brouwer of Robeco, (Dr. Brouwer is Managing Director of the firm which is one of the largest investment firms on the Continent), expect to be in Washington on Thursday, May let, and wondered if you and Mrs. Volcker could have dinner with him and Dr. Brouwder and Mrs. Brouwder that evening and possibly Gov. and Mts. Daane, too -- for an inform al discussion on international finance during dinner that evenin g. On the evening of Thursday, May 10 you are scheduled to host a dinner for the offset group - Harkort, et al. Is it all right to regret Mt. Widenmann's invitation to you and Mts. Volcker for dinner that evening? YES elt NO R.S.V.P. - Mts. Stahl - A.C. 212-530-4114. 4:30 PM - Mr. Jurich stopped by and said he would like to see you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I said you were tied up at the moment and working on a project that had some time priority and said we'd call him when you were free. I asked if he had received the message about the NSC paper; he said he had and a copy should be down to us very soon -- he added that that was what he wanted to talk to you about. 52614 Messages for Mr. Volcker 't Friday) April 11 )1969 - 1 - 9:55 AM - The German Embassy called to extend an invitation to you by the Ambassador to a luncheon on Monday, April 28th, in honor of Mr. Schoellhorn -- time and place not yet set. I regretted for you since you are scheduled for luncheon and meetings at Camp David with Chancellor Jenkin's on that day. 1:45 PM - Miss Donna Tompkins, secretary to Carl Shipley, Republican Committee Chairman for the District of Columbia, called at Mr. Shipley's request to arrange an appointment with you for Mr. John Manley, Executive Vice President, Fiduciary Council, New York City. eConomist. Mr. Manley is an He is going to be in Washington on the 15th and 16th of April and is interested in discussing monetary and fiscal policies of the Administration with knowledgeable people -- she said this aould pgataday take about one-half hour of your time. I explained to her that you would be returning from Canada around noon on April 15th and that your calendar for the remainder of the day on Tuesday, April 15th, was filled. I asked her whether Mr. Manley would like to hold his discussion with Mr. MacLaury should you be unable to see him. She said this would be all right. Your calendar on the morning of Wednesday is clear, except for the Secy's staff at 8:45 and the 1J FNMA Board meeting maxRid2 at 9:30 AM. I very tentatively gave Mr. Manley 12:00 noon on Wednesday, April 16th -- with the proviso that if xxxatdmixtxt you are not free to see him, Mr. MacLaury will. Do you wish to see Mr. Mfastom? YES Shall we refer him to Mr. MacLaury? YES NO NO Mr. MacLaury's office has been alerted and they have a hold on his calendar for 12:00 noon on Wednesday, April 16, for Mr. Manley. (ON CAL - Tent.) • http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis .1•• Oak (Donna Tompkins -- 783-1647) Carl Shipley's office -- r http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis April 11 - 15, 1969 2 - Messages for Mr. Volcker to last I checked Mr. Lapin's office, and they expect the FNMA Board to lunch at until noon (12:00 M) and Mr. Lapin is inviting the Board meeting the Mayflower at 12:30, the reason being that this is the last named before of the existing Board; presumably some new members will be the next Board meeting. Wednesday is your usual dlay to lunch at the out which Fed Board, so I told Mr. Lapin's Secy. I'd have to find lunch you would attend. I also told her you were out of towntdcia. Will you attend the FNMA Board lunch? YES NO NOTE: check is We have run out of deposit slips -- and your salary being held here pending your return from Ottawa get one from you. so that we might Do you want a supply of check books from the Montclair National Bank? Shall we go ahead and order as indicated on the attached? NO YES NOTE: Fed) to be You have accepted Mr. Garvy's invitation (New York on the speaker at a dinner meeting of the System Committee on Banking and Credit Policy which is meeting in Washington May 27th.; Since you will be enroute to Paris, do you wish to suggest a substitute to Mr. Garvy? YES NO (Attached) Messages for Mr0 Volcker - 3 April 11 - 151 1969 5:00 PM - Chairman Martin's secretary called with a message from the Chairman to the effect that he had hosted a luncheon for Governor Ansiaux today and had had a talk with him following lunch. He suggested that if it you thought it woul be helpful to you, he will be available to talk with you after your arrival back in the office around noon tomorrow -- before your luncheon with Governor Ansiaux -- to give you a gist of the conversation. The Chairman knows you are in Canada and not expected back until Tuesday noon. (147-201) 5:30 PM - Gov. Daane called and said he had just gotten back from Basle and thought it would be useful if he could talk to you before you see Ansiaux, as Ansiaux would be hitting you on the Euro-dollar market discuss and would also want toikmar what happened at Basle, especially on gold. I told Gov. Daane that Chrm. Martin also wanted to talk to you before you saw Ansiaux and that you would only have about 45 minutes in your office before the lunch with Ansiaux. Gov. Daane said he thought it would be well if he could talk to you before you talk to Chrm. Martin. I asked Gov. Daane if he would be in his office from 12:00 to 1:00 tomorrow and he said he would try. (Since then, I understand that Mr. MacLaury has talked to Daane and will be talking to you so will probably fill you in.) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis One thing that Mr. Widman asked me to pass on to you late Thursday that Mr. Petty had told him before you came on the line -- and I didn't get a chance to put on the message sheet because things were moving so fast was that the Bundesbank man in Sidney said that their moritorium on foreign issues in Germany will only last until April 20; by that time they hope to - 4- Messages for Mr. Volcker April 11 - 15, 1969 get a better picture of what the demand is going to be so they can space things out in a more orderly way. Carli's actions will put a little more demand on Germany, but he wasn't too concerned about it. NOTE: Mr. Mye called and said the Venezuelan Minister of Mines, Perez de la Salvia, will be in Washington on April 17 and 18 and State is arranging his appointments. He is seeing Secretaries Rogers and Hickel, and will be talking to them about petroleum quotas in the U. S., and wanted to call on Secy. Kennedy, but he is not available. Mr. Mye understands from State that Mr. Perez does not have anything in particular to talk to Treasury about but wants to take the opportunity to meet the new people at a high level. Mr. Mye wondered if you might be able to see Mr. Perez. 3:00 o'clock on Ft*dax, the 18th. On cal. fifitrAit& someone from Wtimmmts shop to sit in? I suggested Would you want Mr. Colman and YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Edward Fellows, Administrative Asst. to the Chairman of the FHLBB, Mr. Preston Martin, called and said that Mr. Martin would like to get acquainted with you and wondered if he might call on you som6 time. I suggested 11:00 AM on Monday, April 21. On cal. Would you like to have Messrs. MacLaury and Saunders standing by to come in and joint you after you have had a few words in private with Mr. Martin? YES NO Messages for Mr. Volcker NOTE: April 11 - 15, 1969 - 5 _ Consultation ed for a time before the closing ask and led cal e Dal l Bil Mr. r's chat Mr. Polak might have about an hou session on Thursday when he and ngs that l want to discuss some of the thi with you; I gather Mr. Polak wil k a bit about gold. I suggested tal o als and s ion tat sul Con developed from the eed lock lunch which the Secy. agr o'c 0 1:0 the to or pri t jus ay, i12:00 on Thursd On cal. up, including Mr. Schweitzer. to host for the Consultation Gro called and said he is putting , ton Bos in d Fun ne sto Key NOTE: Hugh Stokley, of meeting of the Boston Society of together a program for the annual y like to ask about the possibln ld wou and 4th e Jun on ts lys Security' Ana ld er lunch that day. He said he wou aft r ake spe e not key ir the ng of your bei ticulars. wtite you a letter giving the par Tuesday, April 15 e were seeing Ansiaux today; I gav you if ed ask and led cal th 10:00 AM - Reese Sti what he should say if he gets any ed der won He le. edu sch him the mem ility might be that this is a mx sib pos one t ugh tho he ; ies uir press inq ns? sions. Have you any suggestio ses ed int qua -ac get r you of ion continuat folder. ns with Ansiaux are in attached sio ses r you for al eri mat ng efi NOTE: The bri on the among your staff should sit in who ide dec to d nee l wil You mom asury 0 with Ansiaux. Those from Tre 2:3 ut abo ng rti sta n sio ses afternoon has to Laury (for cocktails only -- he Mac . srs Mes are ch lun the to going , Willis, office on Fed° credit programs) o's May in g tin mee PM 0 2:0 go to a http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Auten. eolman, Widman, Nelson, Dale, and GL//tr /02(4/fA, LkiceA4 4'2&6 eu 1;t't7 7Z49. li/ca!Uo.A< Vt ; grin-akaft" _ Messages for Mr. Volcker April 11, 1969 -1 - 11:30 AM - Don Smith, in Adman's shop, said they have been working on the NSSM 5 NSC paper on policy toward Japan. The NSC review group was originally scheduled for Thursday, the 3rd, and Mr. Petty was going to it, but it was postponed. There is a meeting this afternoon at 2:00 and Messrs. Widman and Colman are planning to represent Treasury. This is generally at Asst. Secy. level and 3rz you would not be expected to attend. However, there will be another higher level session on this which you will be expected to attend but this should tm not occur for another week or so. NOTE: This FYI. MX. Widman said that MX. Willis and he recommend that they tr, to get a little more time with Dr. Stopper for you to see him alone -- presently the Secy. and you are seeing him at 12:00 M on Friday, April 18; you are going to Chrm. Martin's lunch for Stopper at 1:00 that day and to the Swiss Ambassador's dinner for Stopper that evening. OK to try to arrange for Mr. Stopper to see you at 11:00 AM that day, if his schedule permits -- or whatever other time that day can be arranged? YES NO 11:50 AM - MX. Eggers maixam called and said you asked him about attending the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Savings Bonds meeting on Tuesday, Apr. 15th. He, Eggers, will testify before the Senate Banking Cmte. at 10:00 AM that day -- he is the 2nd person scheduled to testify so should be thru by a quarter to 11:00 and would be glad to go directly from that hearing to the Bond meeting but will not be there at the gala opening. He wants to know whether he is to have this honor; if not, he will take it in stride. yES NO Messages for Mt. Volcker NOTE: - 2 - April 10, 1969 Mt. Saunders said he would be in NYC on Tuesday and Friday of next week on personal business. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis It occurred to me that your secure phone is likely to be used for the most part by groups and, if the phone is located on the table behind your desk, as Mt. Patterson had thought of doing, it will not be a good location in terms of you when youtre overseas. 6 or 8 people clustering around it to talk to And it also seems likely that if you are using the phone when you are here, it will probably tx be in a crisis situation and you'll probably want some of the others participating in the call. The secure phone must be located at least 3 feet away from any regular phone or the apparatus won't work properly. It seems to me that the logical location is on the coffee table in front of the fireplace, which is more than 3 feet from the coffee table in front of the couch. If the secure phone were in front of the fireplace, you would, of course, have to walk there from your desk to take a call. I talked to Mr. Patterson about this and asked him if it would be possible to have two instruments; he said that would not be possible but it would be possible to locate the secure phone in front of the fireplace, if that is where you would talk like to have it. What do you think? They are going to complete the electrical wiring this weekend, so a decisions needs to be made rather promptly. They have instructions to get the whole thing finished before the Secy. returns from Sydney. - 1- ivissages for Mr. Volcker 11:25 AM - Nathaniel Samuels of State cilled. Thursday, April 10, 1969 He asked that his call be returned. (182-2232) 2:05 PM - Professor Wallici returned your call. the rest of the afternoon. NOTE: He expects to be in his office A.C. 203-787-3131 - Ext. 2612. and said they would be Mr. Pattberg's secy. called back after my call delighted to see you at Exchange Place. 4:00 tomorrow on the 7th Floor of First Boston, 20 s, In addition to Mr. Pattberg, there will be Samuel Revit on Bros.; and Donald Sr. V.P. of Merrill Lynch; Mr. WM.. Simon, of Solom Stoddard, of Morgan Buaranty. On cal. She said when you enter the 7th d just ask for Mr. Pattberg. floor you will be in the recept. room and you shoul call him. 3:45 PM - Mr. Weatherbee called and would like you to 5391 is trying to arrange the schedule for 3:50 PM - Mr. Widman called and xi* said he d the problem of your Mr. Mural on April 28 and 29; he tried to get aroun g you in Paris, but lack of time to see Mural by saying he would be seein apparently this is not acceptable. He wonders if you could spare 15 29th (your first minutes to see Mural at 9:00 or 9:30 on Tues., Apr. 10:00 AM and you backgrounding session with the financing cmtes. is at are clear up to that time). Would this be all right? YES NO to have missed your call and 4:00 PM - Mr. Wallich called and said he was sorry until about 7:00 wanted you to know he will be in his office from now or 8:00 PM. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis New Haven - AC 203 - 787-3131, X2612. came to Mr. Wolfe's office said the total bill for the Schiff luncheon Dividing bum this amogg the 19 people makes your Asko= share 50. Wednesdays April -1 - Messages for Mr. Volcker 9, 1969 We have arranged for Evan Galbraith to come in to see you at 3:00 p.m. 9:15 AM on Friday, April U. ON CAL. We have accepted Chairman Martin's invitation to lunch at the Fed Board 9:30 AM for you today. and Cook. Accompanying you will be Messrs. MacLaury, Saunders, Snyder -- Mr. Carlock is not free to lunch at the Fed today. ON CAL. 9:55 AM -- Emil Pattberg of the First Boston Corporation, New York, called. He asked that his call be returned. 10:00 AM - Oper. 410 - A.C. 212 - 344 - 1529. Mr. Heimann of HUD (Senior Adviser to the Secretary) called. that his call be returned. 138 - He asked 57317 12:30 PM - Angella in John Bullitt's office at AID called to invite you and Mrs. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to an 8:00 o'clock black tie dinner Mr. & Mrs. Bullitt are giving for the Deputy Prime Minister of Korea, Chung Hun Pak, on Tues., April 29, at You are scheduled to attend the IBA Govt. Sec. their home, ante. dinner for the Treas. Financing group on April 29th. the Bullitt invitation? OK to regret 182 - 8215 YES NO NOTE: Your petty cash balance is dawn to 170. Mae has advanced $1.83 for the purchase of your cigars today. lendWbgcmcK Would you like Mr. Morrow to pick up several boxes of the A & C Grenadiers (Box of Go -- at the Washington Tobacco Co. at $7.68 per box in 6-pack) NO YES or Would you prefer that we purchase the White Owl miniatures a box or two at a time ($3.00 per box) for a ready supply here in the office? YES (Box of 50 -- 5-pack) NO April 9, 1969 - 2 Messages for Mr. Volcker d to you about a wine tasting 2:30 PM - Mr. Wallich called and said he had talke and wanted you to have the following details. It is from 7:00 to W., the home of 9:00 PM on Thursday, April 17th, at 604,H Street, S. Aaron Millman, who will supply the wines. served but no dinner• Bread and cheese will be Do we have to respond? On cal. 5 minutes with you for a brief report for 5:10 PM - W. Eggers and lih•. Snyder asked and airways legislation. on the DOT meeting this afternoon on airport day, April 10. (ON CAL.) I gave them 8:45 AM tomorrow morning, Thurs Is this all right with you? YES (Nrs. Maxwell - 2093) NO meeting -- which will last about NOTE: You have been scheduled to attend a ss the organization 1/2 hour -- with the Vice President to discu EOB -- in Room of the Office of Intergovernmental relations at 275 of E0B, at 9:15 AM tomorrow. • Di 1 NDER: Ottawa Op. 78 - 236-2341 Return Ambassador Linder's call. Return Hal Dynan's call, Chase. Call Mr. Roche - NYC NYC 552-6731. 486-5000. 5:45 PM - Gene Birnbaum called and asked if you were free for lunch on Friday or Saturday. I told him you were going to NY about noon on Friday and would be at your home in NJ on Saturday. He said to tell you he tried and to tell you hello. 6:00 PM - Mr. Joss stopped by and said to tell you every Tuesday he has to report http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to John Whittaker, the Cabinet Secy, what top officials in Treasury are doing to help out on the President's ABM decision -- whether key people are saying anything in public speeches or in private conversations with _ 3 _ Messages for Mr. Volcker April 9, 1969 important individuals about this being a courageous decision -- and particularly to Senators, because they are worried about the Senate. If you have occasion to say anything along this line to anyone, Mr. joss asked that we please let him or Mr. Webster know -- so that they will have something to pass along to Mr. Whittaker. Mr. joss said the White House didn't want this passed around in writing for obvious reasons. NOTE: Mr. Galbraith said it would be more convenient for him to see you in NY on Friday afternoon, so long as you were coming up anyway. He has kept Friday afternoon clear, since he was czmixagtmx planning to come to Washington, so can be flexible about time. I told him you probably wouldn't be able to start arranging your other appointments in NY until tomorrow morning but said I'd let him know where in NY and when you would see him just as soon as your schedule was arranged. 6:35 PM - Mr. Widman said Anb. Linder was unable to talk to you on the phone so http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had Mr. Wooton call Widman. Mr. W Linder is very sorry that he will not be able to be in Ottawa on Monday; he is leaving on a trip to the West, taking his wife, so will not be able to attend the meetings or offer the hospitality of the residence. The DCM, Rufus Smith, would be pleased to have you and Mr. Widman stay at his residence, if you wish, or he will book you either at the Skyline or Chateau de Laurier. Stay at residence Skyline Chateau de Laurier Messages for Mr. Volcker - 1- Tuesday, : April 81 1969 9:40 AM - The Executive Secretariat has informed us that you will be Acting Secretary tomorrow - Wednesday, April 10:15 AM - Robert Solomon called. 9. (oN CAL.) He asked that his call be returned. (147 - 238) 10:20 AM - Mr. Okun returned your call. 10:55 AM Chrm. Martin called you. HU 3-8919, Ext. 235 or 228 I explained to Margaret what your schedule was and asked if it were anything urgent. She checked and said the Chairman said it wasn't anything important and perhaps you could just t call him sometime this afternoon when you get free. lir - 200 11:00 AM - Mr. Jurich would like to see you late this afternoon with some papers on the NSC meeting tomorrow at 10:00. 11:02 AM - Ambassador Linder called you from Ottawa. I was able to let his secy. know that it would probably be very late in the day before you would be free to make calls. MRXX The Ambassador asked that you return the call sometime today or tomorrow at your convenience. (He will probably invite you to stay at the residence, I suspect.) Ottawa Op. 78 236-2341. 11:35 AM - Apparently Mr. MacLaury is unsure as to whether he would be expected http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to attend the 4:30 (or whenever the 2:30 meeting is over) session this afternoon of Treasury people on B/P in preparation for further Consultations on this subject. asked that I ask you. He talked to Mr. Willis and then This also raises the question whether he would be expected to attend the 10:15 AM meeting mitia tomorrow with other agency people on the same subject and, since you will not be able to attend, who should chair. (Mr. MacLaury did not raise this latter question but I am raising it because Mr. Schaffner's secy. asked me who would chair tomorrow's meeting in your absence.) Messages for Mr. Volcker April - 2- 8, 1969 12:30 PM - Mr. MalcLaury said Mr. Nelson just informed him that the Netherlands have raised their discount rate by 1/2 percent to 5-1/2 percent. Also Belgium will raise their discount rate tomorrow by the same amount 1/2 percent - to 5-1/2 percent. In addition, the Belgians will request their banks to pull back $100 million from the Euro-dollar market. Mt. Me.cLaury said this should be discussed but the first opportunity apparently will not occur until the 4:30 meeting. REMINDER: NOTE: Return Amb. Burgess' call. 347-9353 Dr. Dadelian's secy. called again this morning and said there was no rush about his seeing you and he still would like to take you to lunch and talk with you some day when you were free. She started with the week of April 28th and, fortunately, you are pretty well filled up with lunches, but she kept moving ahead and I could see that she was going to keep on going to the point where it would be ridiculous for me to say you were tied up for lunch, so, when she got to Friday, May 9, I said you were clear for lunch that day, so far. I've put you down to lunch with him at 1:00 PM that day at the Metropolitan Club. I'm afraid, from past expettence with him, that he'll persist and that you'll probably have to see him sooner or later, but we can wait and see how things look when May 9th comes. OK? 2:00 PM - Mr. Joss stopped by and needs to see you sometime in the next day or two and a matter in volving the White House and AM. 2:09 PM - Hal Dynan, of Chase, called you. I asked how urgent it was and his secy. said not at all urgent, hut he will be away from the bank tomorrow afternoon but will be reachable any other time this week. 552-6731 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • Messages for Mr. Volcker 4:15 -3- Tuesday, April ) 8 1962 PM - The Staff conference normally held at 8:45 a.m. on Wednesday morning has been cancelled for tomorrow - April 9. -- CAL. noted. 4:20 PM - Mr. Maude's secy. called to invite you and Mrs. Volcker to a black tie smnll dinner party Mr. and Mrs. Maude are giving for Gov. O'Brien and Sir Jeremy Morse at 8:00 PM on Monday, May Your Cal. is clear. 5 at their home, OK to accept for you and tentatively f)) for Mrs. Volcker? YES NO 5:25 PM - Mr. Harned, Asst. Director of the Atlantic Council, called and said an http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis acquaintance of yours, Dr. Sidney Rolfe, will be in Washington tomorrow and wondered if he might see you some time tomorrow afternoon. seeing Dr. Burns at 3:00 but is free before and after. He is Dr. Rolfe is Conference Director of the forthcoming Atlantic Council to be titx at State Dept. on Saturday, May 3, which Secy. Kennedy is scheduled to attend (he, Kennedy, has asked you to be available to represent him if he can't attend). Mr. Harned said the conference will be on direct investment in the Atlantic area, which Neil McElroy will chair, and which will be attended by the chairmen of boards of the 70 largest corporations and banks in the U. S., Canada, Japan, and Europe. Mr. Harned said he believed Dr. Rolfe had some substantive questions, probably in the area of the recent relaxation of controls, he wants to Woe tallith you. You could see Dr. Rolfe at 5:30 tomorrow. Otherwise, he would be willing to be here on Thursday, when you are clear up to the 12:30 lunch for Mr. Mellmxbalmildi directly in NY at Schiff. Mr. Harned asked that we call Dr. Rolfe , which is both his office and home. (See next page for more re Atlantic Council meeting) -4- Messages for Mr. Volcker April 8, 1969 In working on your calendar, since I was unable to find out from Secy's office any details about the Atlantic Council meeting, I called Dr. Burgess' secy. and explained I was inquiring about the time of the meeting since Secy. Kennedy mit had asked you to be available in case anything came up to prevent him attending. Dr. Burgess came on the line and talked to me himself; I apologized for your not being able to return his call and he said that was all right, he hoped you could attend the whole Atlantic Council meeting with the Secy. He said it would be a at which Stans will speak lunch/and all afternoon session. He said he wanted to have a meeting some time ahead of the May 3rd meeting of departmental people who will be concerned but that can wait until next week. Thesday, that would be fine. He said if you could call him next Monday or 347-9353 6:45 PM - Mr. Walker called and would like you to call him when your meeting is over. 5511 6:50 PM - Dr. Whllich stopped by and said he was looking for a dinner companion. Told him you had meeting going on and were supposed to go to a buffet which ran from 6:30 tO 8:30 and I didn't know whether you'd make it. He said he had to go out and take care of something but 'would be back in modommx half an hour and would check in with us then. NOTE: We had told State you and Mrs. Volcker would attend the ceremonial NATO session from 2:15 to about 3:30 on Thursday, Apr. 10. State wants us to send a messenger to pick up the special seat tickets. Before doing so, we need to tell them Mrs. Volcker won't be here and I thought I'd better check to see if you think you'll be able to attend -- since the B/P will be discussed at the Consultation session at 2:30 on Thursday and you may want to chair. If you're not going to attend the NATO ceremony, we really ought to let them know a little in advance, as they're probably having their share of problems on seating protocol. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NOTE: April 7, 1969 - 1 - Messages for Mr. Volcker I talked to Wm. Simon, who said it was not this Monday but next Monday, the 14th, that he wanted to have lunch with you. I told him unfortunately you were going to be away from Washington next Monday (you'll be in Canada). He said to tell you he is sorry he won't see you. 11:00 AM - Doug Hunt stopped by and said he would like to speak to you on the phone for about 5 minutes some time in the next day or two on a personal matter. He wants to talk to you about NY and NJ. He said he was leaving the bldg. now to take his wife to the opening ball game but will phone us late afternoon when he gets home. 11:15 AM - Mr. Foy of Koppers Co. called you from Pittsburg and would like you to return the call. Pittsburgh Op. 80 - 391-3336 11:20 AM - Frank Saul of Lehman Bros. called you from NY and would like ty you to return his call. BO 9-3700 11:40 AM - Mr. Colman called and said he has set up the meeting for 10:4 AM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Wednesday morning on the B/P for Consultations with both Treasury & other agency people. In addition to those he mentioned to you, he has now thought of Bill Dale and wonders if it would be appropriate to invite him to both the Tues. afternoon and Wednesday morning sessions. YES NO Mr. Colman said also to alert you to the fact that there will be an NSC meeting on trade policy -- a very important meeting -- sometime on Wednesday -- he doesn't know the time yet, and our trade people are not reachable. I told him that Mr. Walker was expecting to be out of town on Wednesday (though he may xx change his mind if there Mr. Pelikan's office later said the is going to be a NSC meeting??. Room. On cal. NSC would be at 10:00 AM Wed. in the Cabinet April 7, 1969 - 2 -- Messages for Mr. Volcker call him. (Randolph 11:55 AM - Ambassador Burgess called and would like you to Burgess) 2:25 PM 347-9353 - Mr. Foy of Koppers Company, Pittsburgh, called again his call be returned. He asked that A.C. 412-391-3336 -- Oper. 80. say that Mr. Mural, 12:40 PM - Mr. Nakajima, at the Embassy of Japan, called to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis se Ministry General Director of the Intl. Finance Bureau of the Japane Monday, the of Finance, will be in Washington on Sunday, April 27 and 28th and would like to see ;you on Monday. I told him you would be some time out of town on Monday with the Secy. and you were to return but I didn't know yet just when, let him know In the mid or late afternooni so I'd me have to check and later. As I understand, indirectly from Mr. Widman, Mary Harris is drive planning to have you and the Secy. and the Chancellor, etc., to Camp David, leaving here about 7:30 PM on Sunday and arriving oon. there about 9:00; then you'll drive back some time Monday aftern g what Mary is with the Secy. and Rose doesn't have anything showin time Monday you'll get back. Mrxxibutiktma I suppose the only thing to do is tell Mr. Nakajima that we'll have to be in touch with grit him after the Secy. returns and we can find out what time you'll be back in town on the 28th. Is this all right? Since typing this, I have learned that Mr. Widman drafted a letter to the Chancellor, which Rose n on thinks the Secy. signed, saying they could have a work sessio of the Monday morning at Camp David, have lunch and spend as much afternoon as may seem necessary. Shall I tell Mr. Nakajima the time to be in touch of your return to town is very uncertain and we'll have with him on the 28th after you have #x gotten backk to your office? • Messages for Mr. Volcker - 3- April 7, 1969 Incidentally, I understand that Mr. Mural wants to pay a courtesy call on you and wants to have a long session with Mr. Petty on substantive matters. Mr. Petty's secy. told him Mr. Petty would not be back in Washington on the 28th -- that he was in Australia with the Secy -- and Mr. Nakajima said he would suggest to Mr. Mural that he contact Mr. Petty in Australia (I assume Mural is going to be in Australia, too). Don Smith, who handles Japan, said, when I informed him of the call, that he had had lunch with the Japanese today and knew Mural was coming but no one seemed to know what he wanted to discuss. NOTE: Mr. Walker's secy. said he suggested that Mr. Eggers attend the NSC meeting on Wednesday. Mr. Walker apparently cannot cancel his trip out of town. Do you think this is all right? I asked Rose if she knew whether =AIX more than one person was permitted from a Department at NSC meetings, and she said she had never known of more than one attending. I told Edith, in Mr. Walker's office, that I'd let her know your reaction. 2:50 PM - David Rockefeller called you; I told his secy. I thought your meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis would last until quite late. She checked and said Mr. Rockefeller wondered if you could call him in the morning; he will be free from 9:00 to 9:30 in the morning. -4- Messages for Mr. Volcker April 7, 1969 4:30 PM - Mary Ann Allin of the Secretary's Office called to say that a meeting is being set up with two men of the White House regarding personnel matters -- with all the Assistant Secretaries in the Treasury. Mrs. Allin thought you might want to have some kind of report on what goes on in the meeting -- that you might want to attend yourself, or have Mr. MacLaury attend. The two gentlemen from the White House are Larry Dunn and Bill Casselman of Harry Fleming's office. (W. Fleming is Personnel Adviser to the President.) They will try to convey what the President wants to do as regards hiring and firing. They realize -- at this point -- that Secretary Kennedy's involvement is pretty low and that the personnel matters are now up to the decisions of the Assistant Secretaries and are coming at the President's request to discuss personnel matters with them. (They, with others, had a similar meeting with every Cabinet member at the White House.) She repeated that you probably would want to know what transpires; since there were a "Whole bunch" under your jurisdiction. The meeting will be in Roam 3400 -- Don Webster's office-conference room -- at 11:00 a.m. on Wednesday, April 9. (She suggested that we let her know if you would like to attend or have Mr. MacLaury sit in for you.) 2411 ON CAL. - 10:15 a.m., Wed.; April 9: You have a meeting scheduled with Treasury and other Agency people on the subject of the U.S. balance of payments -- in your office (or in one of the conference Noted on Calendar rooms if the attendance is large). Shall we inform Mrs. Allin that you will attend the meeting on personnel matters? YES NO That Mr. MacLaury will attend for you? YES NO http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Messages for itri, Volcker - 5 - Monday )April 6:00 PM - James Srodes of the UPI) Press Service called. 7 )1969 He expects to be in his office all evening and vieked that his call be returned. (393-3430) 6:10 PM - Mrs. Volcker called and said she didn't know whether you'd want to talk to her about the houses she looked at today or not. She's at the Deeley's - EM 3-4989 NOTE: Joe Slevin called me this morning about his trip to Europe the first part of May, about which he'd called me several days ago (you'll find letters for your signature to Jim Griffin and Ed Hermberg introducing Mr. Slevin and asking them to help him with appointments). He mentioned that he'd like awfully much to see you before he goes on his trip. Fridays are bad days for him -- I guess he has to meet deadlines -. so I suggested we try for 11:30 on Thurs., ATT. 18. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis We can postpone or cancel if it becomes necessary. I probably izit should start making reservations for your trip to Paris, for the meetings Thursday and Friday, April 24 - 25. Wednesday, the 23rd. Your cal. is clear on Shall I make reservations on the day flight on Wednesday? I understand you decided to take the 4:30 PM Pan Am flight back on Friday, the 25th. Is this OK? YES NO I also think it might be wise to make some reservations for the May trip to Paris for meetings on Wednesday and Thursday, May 28 - 29. If it seems all right to you, I propose making reservations on the Tuesday day flight over and returning on the noon flight on Friday, which is a Govt. holiday, which would put you in to JFK at 2:00. Messages for Mr. Volcker - 1 - 11:00 AM - Tom Enders called. Friday, April /4:) 1969 He asked that his call be returned. (182-8863) 11:30 AM - Mr. Weatherbee's office has informed us that Dr. Walker is having a closed luncheon in the Secretary's Dining Room today. (Your name is not on the list of invited guests.) 1:10 PM - Mr. Walker's office called to say that he had been asked to substitute for the Secy. at a 3:00 PM meeting in Secy. Volpe's office on Wed., April 9, on legislation on airports and airways; the meeting was to Include also Mr. Mayo and Mr. McCracken. Mr. Walker will not be here on the 9th and wonders if you could substitute for him at this meeting. Your cal. clear except for 2:30 Fund Consultations, which Mr. --. - 41-ettr'54* Mr. MacLaury can chair. AP4Or OK to say you'll substitute? YES Wik' litodia ct NO 4+ 4#: 4.U•PWIP404, '014414tAm 41k - )04110t041040t,4**040010 044, 0.)41. , .evoo 00.410-J0...40 and zadxtimstx ,Wto 0 46 , 40.444.:00) :0110WW0040WO.PWW:i pOOri, 0:Nip MA:6000MMk% 0 44110.* 1/00.11.4 VIVAPA 1.11:XitetatC6XXICEXICti iEtaxxx)coccoopocxxx x)ctleccoomocxxxxxxx' tIalEib00000copoocxxxx 4:0o PM - Miss La Coste, secy. to Dr. Danelian, of the Economic Policy Assn. , http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called and said he would itik like to set up a luncheon with you.tm She said he has seen Secy. Kennedy and Dr. Walker and would like to meet with you. She said he had sent you a book on the balance of payments which you acknowledged. is. He is a She said she thought you knew who Dr. Danelian 5 percenter who has 5 or 6 large companies who pay him something and he goes up on the Hill from time to m time and makes April - 2 Messages for Mr. Volcker not too intelligent statements. 4, 1969 Miss La Coste suggested any day starting April 11 thru 181 excepting bertx Apr. 15. The only day you are free for lunch during this period is April 11 (Friday). Do you wish to suggest this date? YES NO Or tell him you are sorry you are tied up with luncheon engagements during that entire period but we'll let him know if you get free for lunch on one of those days? YES NO 4:20 PM - Prof. Wallich called you from Yale and would like you to call. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 787-31311 Ext. 2612 AC 203 - 1 Messages for Mr. Volcker NOTE: April 3, 1969 h in Secy's Dining Have told Mr. Weatherbee's office that you will lunc Room today. rmamodixtrxx a meeting has 11:00 AM - Mr. Jurich's office called and said tioni Walker's office tentatively been scheduled for 4:30 today in Mr. I inquired how long this might last, in view of on the NATO paper. 5:00; Mr. Jurich's the fact that you have another meeting scheduled for half an hour, if estimate was that it would not take any longer than that long. On cal. The meeting was later confirmed. said they have instructions from 11:30 AM - Our Personnel office called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis in Govt. as the Civil Service Cmn. to inform all supervisors without "Supervisors will grant annual, sick, or leave on Friday, April 3. except for reasons pay, as appropriate' It will not be refused follows: tions, and related of national security, defense, foreign rela reasons." is The Civil Service did not give a reason but it of Dr. King's obviously because tomorrow is the anniversary assassination. I understand that you are supposed to inform all employees in your immediate office of this policy. I call Pearl and Marva and convey this to them? sick leave today. Shall. Marva is off on April Messages for Mr. Volcker 3, 1969 ersation with John McCloy, 5:30 PM - Mt. Albright called and said he had a conv http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be a reference who was actually confirming back his readiness to passed along wherever needed on Mr. Albright's behalf, but he also er, and which that he had heard from Birrenbach recently in a lett , that they Birrenbach said McCloy might pass on to the people here the offset agreewere trying to be more "forthcoming and helpful on side realized ment from their side" and Birrenbach hoped the U. S. forthcoming in this and that they were making maximum efforts to be the next round. Mt. Albright commented that it is pretty speculative to Mt. Albright as to what that means but, if you would like to talk further about this, he will be available. tomorrow, hopefully Mt. Albright also said he hoped to see you sometime appointment--on the in the morning -he has a 2:30 and a 3:00 oeclock his doing while follow-on studies that you had talked to him about he is still here. He also hoped you might be able to give Mt. Packard ul if this could a call about him (Albright) and it would be most usef be done before the weekend. Messages _Cur AI-. Volcker NOTE: April 2, 1969 - 1 - Cook are going to the Fed lunch Messrs. MacLaury, Saunders, Snyder, and today. Mr. Carlock could not make it. from NY and would like you to call him. 10:12 AM - Mr. Gene Birnbaum called you 974-2456 REMINDER: NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Call Mr. Schweitzer - 181 - 3056 the Chairman and the Board are Margaret in Chairman Martin's office said Gov. Ansiaux; she said they had hosting a lunch on Monday, April 14, for day, the 15th, but the cable actually extended the invitation for Tues they realize this may conflict got garbled and Ansiaux accepted for Monday; (which it does) but apparently with the date for the usual lunch at Treasury at this stage. it is too awkward to do anything about it t a must. be happy to have you attend, but it isn' The Chairman would You are tentatively day, the 15th. scheduled to host a lunch for Ansiaux on Tues . Secy's office of the Monday, 14th, conflict I've alerted Do you wish to accept for the Fed lunch for Ansiaux on Monday? YES NO for President Stopper, of the Margaret said they are also hosting a lunch PM and would be glad to Swiss Natl. Bank, on Friday, Apr. 18th, at 1:00 You and the Secy. are & possibly Mrs. Volcker , and you/are to attend the to see Stopper at 12:00 M on Friday, the 18th . have you attend, but again this isn't a must ng for Stopper on Friday black tie dinner the Swiss Ambassador is givi evening. the Fed lunch for 2 Do you wish to accept the invitation to Stopper on Friday, the 18th? (cal. clear) YES NO - 2- Messages for Mr. Volcker 10:50 AM - Talked to Don Conlin, Chemical Bank of N.Y. April 2, 1969 He said he will have to cancel his appointment with you for 5:30 tomorrow but thanks you for the opportunity and will take a raincheck. He's cancelled his trip to Washington. phone. 11:45 AM - Mr. Petty called and would like to speak to you on the 12:00 M - Nate Samuels called and would like you to call him. 2552 182 -2232 NOTE: Mr. Rustad will be here to see you at 2:30 today. NOTE: The lunch for Mr. Schiff has been set for Thursday, April 10. On cal. They've decided to give him a gift and are collecting $2.00 from each participant for this purpose. OK to give Mr. WoTfe $2.00 fraa your petty cash? 41 4 61.A)If.1 YES NO r called from NY and would like you 3:15 PM - Wm. Simon, of Solomon Bros. Hutzle http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to call him. Direct line from Washington - 347-4651. a Messages for Mr. Volcker - 1- Tuesday, April 1,1969 9:10 AM - Mt. Weatherbee's office has been informed that you will have lunch in )11:20 AM - Your name has been removed from the Secretary's Dining Room.) the luncheon list for S.D.R.--as requested-10:25 AM - Mr. Dale's office called to say that he and Mr. deKock will be here to see you at 5:00 p.m. this afternoon. (ON CAL.) 10:26 AM - Charles Arnold of Public Affairs called to say that Room 4426 has been reserved for your backgrounder at 3:00 p.m this afternoon and that about 25 or 30 newspaper people are expected. (He has arranged to have a stenotypist present.) ON CAL. 10:25 AM - Mr. Jurich's secy called and said he wanted you to know tbat he is attending a meeting in Senator Percy's office at 11:00 AM on Thursday on NATO multilateral problems. 11:05 AM - Mr. Willis' secretary called to say that a Volcker Group meeting has been arranged for 6:00 PM this evening. (ON CAL.) 11:10 AM - The bemooduald Executive Secretariat called to say that you will be Acting Secretary on Saturday and Sunday, April 19 and 20, since the Secretary will be en route to Guatamala to attend the Annual Gevernors' Meeting of IDB and Dr. Walker will be away on a speaking engagement. (ON CAL.) 11:15 AM - The Belgian Embassy called to extend an invitation to you for a stag http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis luncheon by Ambassador Scheyven on Tuesday, April 8, at 12:30 p.m., at the Amb.'s residence, 2300 Foxhall Road, N.W. /in honor of the Secretary of Commerce Maurice Stans (prior to his leaving for his European trip). at 12:00 noon - On your calendar for Tuesday, April 8, Mt. Volcker "will try" to attend cocktails and 12:30 p.m. luncheon by Mfg. Chemists Assn. in Dailey Madison Room, Madison Hotel -at which Herbert Stein will speak. Do you wish to Accept ONO Regret invitation by the Belgian Ambassador? the luncheon R.S.V.P. FE-3-6900? Messages for Mr. Volcker - 2 - April 1, 1969 11:50 AM - Mr. Hirschtritt called and would like to speak to you on the phone. 2803 12:00 M - Mr. Christtan Sonne called and said he would be in Washington this Thursday and Friday and would be free on either ilia day between 11:00 and 4:00. I gave him 11:30 on Friday. He can be reached while here at the National Planning Assn. 12:20 PM - Mr. Maude's secy. called tox say that the Gov. of the Bank of England http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and Sir Jeremy Morse will bekt in Washington Monday, May 5, thru the morning of Wed., May 7, and would like to see the Secy. and also to see you. She has requested an appt. for them with the Secy, so I suggested she let us know when a f time is fixed and we will see if you might see them immediately thereafter. I've alerted Mr. McCamey. - 3- Messages for Mr. Volcker April 1, 1969 at the Embassy 2:30 PM - Sam Cross called and said the Australian Treasury man have a here, Gordon Low, who has the title of Minister, would like to what is few minutes with you sometime this week on matters relating to going on an the SDR field. Mr. Cross said he mentioned this to Mr. Willis the and they 'both feel it would be useful if you could do this, since ion of this Secy. and Co. will be in Australia next week and some discuss may develop. Mr. Low would like to be up to date so he can brief his people back home. I suggested 2:30 on Friday and Mr. Cross will tentatively set this up, subjOet to your approval. Is this all right? YES NO 2:45 PM - Mr. Weatherbee stopped by to say that the swearing-in for Messrs. MacLaury, Rustad, Eggers and Rossides has now been set for 10:30 AM tomorrow morning, y).in Room 1421. April 2(Wednesda ON CAL. and said he wondered if you 3:20 PM - Prof. Aliter's secy, Miss Menzie, called Thurs., April 3rd. would be free for breakfast at 7:30 or 8:00 AM on Consultants meeting. The first thing you have on that day is 9:30 AM 7:30 AM? Do you wish to accept Prof. Aliber's invitation for (Midway 3-0800, Ext. 4289) YES NO 4:25 PM - The time for the swearing-in of Messrs. MacLaury, Rustad, Eggers and . NOTED ON CAL. Rossid±es has been changed to 9:30 AM tomorrow, Wed., 4/2 4:25 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Rees Stith called. He asked that his call be returned. He would like to check out something with you for the New York Times. (5985) Messages for Mr. Volcker - 4- April 1, 1969 London called and wanted to speak 4:45 PM - John Graham of the Financial Times of http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the French are to you or to one of your assistants aboujr statements the Secy. of making to the effect that they received a letter from Treasury over the weekend concerning SDRjs; The French are further members of G-10. saying that the Secy. sent a similar letter to other elf and so did not I thought you would want to deal with x this yours field it to Mr. Stith. Mr. Graham's number is 737-8620. _ 5 _ Messages for Mr. Volcker 5:30 PM - Mr. Schweitzer called. Tuesday, April 1, 1969 He asked that his call be returned. He expects to be in his office until about 6:15 p.m. and his secretary said he will wait for your call. (I told her that you had several visitors and thought they might be leaving shortly.) 181-3057 NOW: Mt. Stanley Cleveland has shifted his appt. with you on Friday this week from 9:30 tO 10:30 AM. On cal. Mr. Maude's secy0 called and said Mary Harris had given her 4:00 on Tues., May 6, for the Gov. of the Bank of England, Mt. O'Brien, and Sir Jeremy Morse to see the Secy. and she wondered if you might be able to see them after that, perhaps at 4:30, whenever the Secy. was thru. work out all right. I said I thought that would Only problem is, when Stephen Kellen was in to see you, he apparently spoke to you about participating in some meeting of the IBA Foreign Investment Cmte. on May 6 -- and I don't know what time of day or where, or whether you think you could have someone else handle that for you if you're otherwise engaged. Should I check this out with Mt. Kellen or just let the chips fall where they may? CHECK OUT LET STAND 5:25 PM - Mr. Walker's office called and said he would like to know when the revised draft of the President's statement was sent over to Mr. Safire. 5:30 PM - Mr. Walker called and would like to speak to you on the phone as soon http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis as you are free. 2801 Messages for Mt. Volcker April 1, 1969 -6- ement in DOT, called to request a time 5:35 PM - Kay, in the Office of Noise Abat of the final panel report when someone could bring over the original copy on the SST for your signature. I inquired if we would be getting a copy for signature. first to look at before setting up a time She finally said ce in the mornitg on his she would have their man drop a copy by your offi . way to get some other signatureson the original I then tentatively gave t be available to sign the her 5:00 PM on Thursday as a time when you migh original. , and Schaffner -I have alerted Messrs. Petty, Colman, Saunders Colman's report on the last and also Mr. MacLaury (and have given him Mr. getting the report tomovvow -meeting to read in advance) -- that we'll be ves. and said I'd let them know the minute it arri NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on May 1 and 2 Mr. Dow wants to be here/to After receiving the attached cable saying that aration for a session meet with U S officials on the US outlook in prep with van Lennep and him with US people on May 5, I alerted Mt. McCamey about are already pretty heavily the conflict with Harcourt and the fact that you booked on May 2. going to have Mt. McCamey later told me that Mt. Widman is out priorities. a session with Mt. Jurich tomorrow to try to sort Therefore, until after the Widman-Jurich we're just holding up on any response to Harcourt session. Messages for Mr. Volcker - 1 - March 28, 1969 4:oo PM - John Moore, on the UK desk at State, called and said he just had a call from Stanley Cleveland, Econ. Minister at the Amemb, London, saying he was catching a flight to the States on Wednesday next and wondered whether you could possibly see him on Friday. Mr. Moore said he'd like to make it as early on Friday as possible so I suggested 9:30. On cal. I have advised Mr. Widman. Mr. Moore did not have a clue as to what Mr. Cleveland wanted to talk to you about. Would you like Mr. Widman or someone from his shop to sit in? YES NO / 5:25 PM - Don Conlin, of the Chemical Bank of NY, mt called and asked if you would be free to see him next Thursday afternoon. ,/ I told him we were having out-of-town consultants in that day and you would be tied up with them practically the whole day. He said to tell you he called. 5:40 PM - Mr. Rossides stopped by and said Eastman Dillon is arranging a forum http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of about 100 finance, banking, and credit people from various European countries to be held in Paris on April 24th and 25th and have asked if there might be any possibility of getting a Treasury speaker for the dinner session the night of Awl]. 24th. Mr. Rossides said he understood you were going to be in Paris around that time; I told him you had WP-3 meetings in Paris on April 24th and 25th. He said he supposed you had working dinners and I said yes you usually did. He said the forOum also has a luncheon speaker and are trying to get someone from the Common Market or the U. S. Ambassador, and, if you were interested, they might have you as thetr luncheon speaker, if that were more convenient, rather than as a dinner speaker. I inquired what the purpose of the forum was and he said 1 Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2- March 28, 1969 thought it was to review market conditions in various industries and financial markets. He said in the letter, they referred to"the importance of these people to our balance of payments." He doesn't know whether it is to get these people ti invest in American industry or what but he will try to get more details and be back to us. At present, we don't have any of the details about working dinners or lunches. - I Messages for Mr. Volcker March 18 - 28, 1969 Tuesday, March 18 to invite 3:00 PM - Mrs. McGruder, in the office of the Swiss Ambassador, called you and Mrs. Volcker to a dinner (black tie) he is giving for Dr. Stopper, Pres. of the Swiss Natl. Bank, on Friday, April 18 at 8:00 PM at 2920 Cathedral Ave., N. W. I told her you were Silt just off on a trip to Europe, during which you'd be seeing Dr. Stopper, and from which you will not return until Monday, the 31st. i I explained also about Mrs. Volcker and said, if it was all right, we'd probably have tii l'itl to firm up after you got back and maybe let her know about Mrs. Volcker (5t._ even later. / weekend. Cal. clear unless you might be going to New Jersey for Noted on cal. HO 2-1811. c 4:15 PM - Mr. Petty's secy. called and said that Alain Vernay, the Chief Economi Editor of Le Figaro, the French newspaper, who is a friend of Mr. Petty's from his Paris days, will be in Washington for three days starting March 30th and would like to come in to see Mr. Petty and would also like to see you. He suggested 8:30 on April 1st. Mary said Mr. Petty could see him first and maybe you could see him after that. I said I'd put him down for 9:30 but Mr. Widman was working on a schedule for Schoellhorn, who was staying on in Washington an extra day to see you, and also Ansiaux was going to be here that week, so I'd have to see how things worked out but we'd hope for the best. I informed Mr. Widman about Mr. Vernay. On cal. Thursday, March 20 to say hello. 10:45 AM - Sidney Rolfe called, said he was in town and had wanted http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker March 18 - 28, 1969 - 2 - Thursday, March 20 (Cont.) 12:15 PM - Mr. Dale advised me he has arranged to have Mr. Kafka host a dinner for the non-10 Directors on Monday, April 7. On cal. Friday, March 21 12:15 PM - Mr. Crosswhite, in Albright's office, called to say that State would like to have time as many as possible of the top Treasury officials (including wives) to participate in an opening ceremonial session of the Spring Meeting of NATO foreign and defense ministers to be held in Washington April 10-11. of NATO. 1//// This is also the 20th anniversary The Secy. & Mr. Petty will be away but Mr. Walker is available for the ceremonial, which will be held sometime on the afternoon of Thurs., May 10; Messrs. Jurich, possibly Albright, Hausmann, and Crosswhite will also be available. I told Mr. Crosswhite we were having consultations with the Fund that week, with afternoon sessions set for Monday thru Thursday, but said I understood you only had to attend and preside at the plonday session. I said I'd block off some time for the NATO ceremonial on your cal. on the 10th. will send more info. re this as arrangements firm. He On cal. Monday, March 24 10:30 AM - Mr. Escoube called re time for you to see Gov. Rasminsky, of Bank of Canada, on Friday, May 2. Your cal. is clear that day so we're holding from 11:00 AM to 1:00 for a meeting with Rasminsky, in which Mr. Petty \j( http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis will join, and durink which time Mr. Escoube will try to get some time reserved on Secy's cal. for you to take Rasminsky in to see him. We're also holding the lunch period that day for you to host lunch for Rasminsky. On cal. March 3- Messages for Mr. Volcker 18 - 28, 1969 Monday, March 24 (Cont.) in town this week, 11:00 AM - Mr. Christian Sonne called to see if you would be when he might be coming down. I explained you were in Europe. I suspect we'll be hearing from him early next week. NOTE: be leaving Mr. Widman's office informed us that Gov. Ransminsky will Princeton to visit Washington ma at noon by train on Friday, May 2, to go to his daughter. Therefore, we've shifted his meeting with you 151xxx3xSAIxialo on May 2. to the morning and are holding 9:30 to 11:30 for this purpose and 16, we have you down tentatively On arrangement for Gov. Ansiaux's visit Apr. 15 with a meeting to follow at 2:30 in to host a lun ch for him on Tues., Apr. 15, your office. so they've The Secy. is going to be in West Va. on Apr. 15, on Wed., Apr. 16. arranged for Gov. Anniaux to see the Secy. at 4:00 On cal. Tuesday, March 25 called and 12:10 PM - Mr. Robert Ortner, Chief Economist for the Bank of New York, said he mitixime plans to be in Washington one day next week and said Bob Cavish had suggested he see you. He just wants to discuss general economic affairs (i.e, he is just coming for his own information and general background). I suggested he phone us when he arrives in Washington. Shall we refer him to Mr. MacLaury? YES /X: NO if you were 12:30 PM - Murray Seeger, of the Los Angeles Times, called and asked http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis going to the White House Correspondents' dinner on Saturday, May 3rd. I told him so far as I knew you hadn't been invited. to invite you and would be sending you a note. cal. just in case. He said he wanted I've noted this on your - 4 Messages for Mt. Volcker March 18 - 28, 1969 Wednesday, March 26 NOTE: We've put in an order for new typewriters with the larger type (same as Jeanne, Mary, Iola, and most offices, according to my survey, seem to have). IBM says there may be a 2 to 3 week delay in delivery. 2:30 PM - Mr. Weatherbee said he has arranged with Secy's office to have the swearing-in of Messrs. MacLaury and Rustad at 3:45 PM TUesday, Apr. 1, J/// and the swearing-in of Messrs. Eggers, Rossides, and Thrower (Int. Rev.) at 12:00 M on Monday, March 31. On cal. Thursday, March 27 for Frank Schiff 10:00 AM - Mt. Wolfe's secretary called to invite you to attend a luncheon/at the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Occidental at 12:30 p.m. on Monday, March 312 which Mr. Wolfe is arranging. About 10 men are being invited from Debt Managem ent and Financial Analysis (including Messrs. Saunders, Snyder, Auten and Liebling). I reminded her that you were away and not expected in until Monday, the 31st -- and that we wouldn't know until then whether you would be free to attend. one attending except for Mt. Schiff (Each/gmnxt will pay for his own lunch/.) R.S.V.P . Mr. Wolfe ON CAL. (On financing, Mr. Wolfe will pay the bill for all and collect from each afterward.) I checked with Secy's office and he is planning to invite Chrm. Martin and Gov. Robertson to lunch at Treasury on Monday, March 31st. Will you attend the lunch for Mr. Schiff? YES NO A compromise would be for you to attend the cocktails at the Shiff lunch and then come back for the lunch here. Mr. Wolfe says they are going to have cocktails but it won't be stand-up; since it will be a small group, they'll reserve a small private room with a table for Messages for Mr. Volcker -5 March 18 - 28, 1969 Thursday, March 27 (Wont.) 10 or 12 and sit around the table having their drinks. However, there's no reason why you couldn't join them for cocktails and then excuse yourself. Would you like to do this? YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I was checking with Mr. Dale's office on arrangements for the Kafka dinner for non-Ten Exec. Directors on Monday, Apr. 7th. Mr. Kafka said the dinner could start at either 7:30 or 8:00 -- he will leave the time up to If you start at 7:30, it will give more time for discussion. you. Would you like to start at 7:30? YES NO probably the Madison. The place/kmKttxymtxtmexxxxtx Mr. Dale said Mr. Kafka suggested you might like to make the arrangements for the U. S. participants. Apparently Gov. Daane's name was mentioned and Mr. Dale's reaction was that he thought the non-Ten would be more interested in meeting the new officials. be 7 non-Ten Directors, including Kafka. There will Possibilities for the U. S. side might be: Mr. Volcker Mr. MacLaury iceeoe Mr. Houthakker Richard Cooper,,or Bergsten Nate Samuels (total of 5) Z coteit OR, if limiting U. S. side to Treasury: Mr. Mr. Mr. Mr. Mr. Volcker MacLaury Dale Petty Willis Dale ?? plus Petty ?? ) one or two Mr. Willis ?? ) of these Mr. Wallich ?? ?? Messages for Mt. Volcker - 6- March 18 - 28, 1269 Thursday, March 27 (Cont'c3.) 11:30 AM - obert Bethke of the Discount Corporation of New York stopped by to say hello. 1:35 PM - Mary Harris called to ask that we block out your calendar from Sunday evening, April 27 and all day on Monday; April 28 -- in connection with Chancellor Jenkins' visit. The Secretary is trying to arrange for working meetingbwith the Chancellor at Camp David; which would entail going up on Sunday evening, spending the night, and continuing with the meetings until sometime early Monday afternoon. ON CAL. PM - Mr. Szabo, in Senator Javitts' office, called and would like you to call him. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 180 - 6542 (told him you're in Europe - back Monday) Mr. Saunders told me he would be in Ottawa on Monday, March 31st. FYI Messages for Mr. Volcker 9:25 AM - -1 - Tuesday2 March 182 1969 Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 11:05 Altdoeltr. 12:08 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis P14 iff and Mr. MacLaury would like to see you for a few minutes. (5848) Albright stopped by to say that your briefing book on Germany will be delivered to you by 12:30 p.m. Messages for Mr. Volcker - 1 - Monday, March 1711 1969 9:10 AM - Mr. Willis telephoned the following message for you: "At your request, I have reserved on the Secretary calendar for you // // the periods from 2:30 p.m to 3:30 p.m. this afternoon and 9:45 a.m. to 11:00 a.m. tomorrow. If you do not need either of these periods, please inform Mrs. Harris." 9:175 There will be a Fed luncheon today. Both Chairman Martin and Governor Robertson have been invited and both have accepted. 9:25 AM - Messrs. Petty and Hirschtritt asked for a short time with you this afternoon he issue of the World Bank loanko Ireland. I gave them 2:15 p.m. ON CAL. NOTE: Mr.Petty's secretary knows that if the Fed lunch runs past 2:00 p.m., a time later Messrs. Petty and Hirschtritt would be rescheduled tcitnietecxxxxx this afternoon. 9:55 1651 AM - I spoke with Rose Cicala and arranged for you to see the Secretary at 2:45 p.m0 this afternoon (for about 20 - 30 minutes); also, she has the time from 9:45 a.m. to 11:00 a.m. reserved with the Secretary for />/so you tomorrow morning (Tuesday, Nt arch 18). (ON CAL.) _-r-7.etzL, 7,/ AM - Mr. Auten called and would like to speak to you on the phone when you're free. NO http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 5914 Dc-you want to get some cash for your trip? It might be safer to cash a check today so we don't have too much of a crunch tomorrow. $2002? - 2- Messages for Mr. Volcker Monday, March 171, 1969 1:15 PM - Mr. MacLaury stopped by to ask that we check with you as to which meeting you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis would like him to attend this afternoon -- both are scheduled for 3:30 p.m. (1) (2) Your meeting with Messrs. Milton Gilbert and Gilbert Ferras I. Schiff and Mr. Cavanaugh are attending a meeting on Government Credit Programs in Maurice Mann's office at the Bureau of the Budget. (The meetings on Government Credit Programs are lamandam usually held twice a week.) prefer that Do you I. MacLaury accompany Messrs. Schiff and Cavanaugh? (Mr.MacLaury - 2551) ••• NOTE: March 17, 1969 _ 3 _ Messages for Mr. Volcker an appointment for R Ed Bernstein called to aek for t Ulin, Chief you on March 20th or 21st. Economist for Mobile Oil, with I told him you would be out of town. srs. you to a dinner he ils giving for Mes Prof. Tamagna called to invite be Thursday. I eXplained you would Ferras and Gilbert on this coming reciation and reg out of town and expressed your app Bros., called from 2:30 PM - Frank Saul, of Lehman to return his call. to someone else.) (I tried to take a ts. C and would like you ssage or have him talk BO 9-3700 called and said he would 3:00 PM - Hobart Rowan's office and wouXd to see you at 4:30 this afternoon appt. for tomorrow morning. be able to come ke to reschedule the tmmxklar cq, tinxigdmixisx tomorrow for possible mtg. of xcloar We are holding 9:45 to 11:00 ll I give Mr. Rowan 12:00 noon principals of Volcker Group. Sha tomorrow? 223-6000, Ext. 396 YES NO (Ortner) k of New York called. 4:25 PM - Robert ()liner of the Ban http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he wanted to talk urned. ter and asked that his call be ret with you partly on a personal mat (A.C. 212-530-3816) Messages for Mr. Volcker mr. 8:10 AM Jurich stopped by. L/ rather important. 8:35 - 1 - Friday, March 14, 1969 He said he would like to see you and that it was (8484) AM 171 Noche called from New York. He said he would like to explain, something Itou and that it would take only a minute. (A.C. 516-767-6482) Dale called. 9:10 AM - He asked that his call be returned. 10:15 AM - Alan Holmes called. (181-3067) H12sked that his call be returned. (NEWYORKFED) 10:55 AM - Gov. Brimmer called and would like you to call him when you are free. (I asked if it was urgent and apparently it is not.) 147 - 213 10:57 AM - Gov. Daane called and would like you to call him when you are free. (I again asked if it werishrgent and apparently it is not.) 147 - 211 NOTE: Mr. Willis has raised the question whether you wish to have him pay your hotel bills for you -- so that he can get an appropriate travel advance. (He will carry a fund for contingency entertainment purposes.) yEs NO 3:15 PM - John Evans of Morgan Stanley called and said he used to see you when you were in Washington before. Hill & Higginbottom. In those days, he was with Phillips He has to be in Washington on Thursday next week and wondered if he might see you. Washington on Thursday. I explained you would be away from He wanted you to know he had called. 3:20 PM - Bruce MacLaury called and said he would be in Washington Monday thru Thursday http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of next weelf. He said to tell you Mr. Coombs said yes, he would be delighted to see you at his Jammax (Coombs') home any time during the weekend and you would be welcome to have lunch with him on either day if you wanted to come. right. Mr. Coombs expects to be home all weekend so any time is all Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis March 14, 1969 - 2 Mr. MacLaury said we should just let Mr. Coombs' office know what time you'd be coming to his house. Mr. MacLaury said Fritz Leutwiler, of the Swiss National Bank, plans to be in Washington May 22 - 23 and like would/tad:km to see you; he asked whether it looked as though you would be in Washington on those days, so far as could be told now. yes. Noted on cal. I was going to suggest a time but it occurred to me you might like to invite him to lunch. a time until later. I told him Of course, we can postpone setting Messages for Mr. Volcker 3- Friday, March 14, 1969 6:00 PM - Dixon Donnelley called to say that his new Deputy-Designate - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Cal Brumley of the Wall Street Journal will be in Wadhington tistx the weekend of March 220 and Mr. Donnelley extended an invitation to you for cocktails at his home to meet Mr. Brumley. I explained that you expected to be away & fram Washington that weekend -- and regretted for you. - 1- Messages for Mr. Volcker Haven. 9:25 AM - Dt. Wallick called from New Thursday Ma.rch 14 1969 to He is anxious to talk with you prior ects to leave his office for a meeting, 10:15 AM this morning, when he exp meeting this afternoon at 5:00 p.m. up Gro r cke Vol the at e anc end att his about (A.C. 203-787-3131, Ext. 2612) in and Schwarts would like to have luncheon 12:15 PM - Mr. Saunders said that Lap them off until ;at= April -with you sometime -- Mt. Saunders pushed they will be triffered and to discuss Ginny Mae guarantees and how used, etc. e Mr. Walker He wondered whether you would want to involv is highly interested. In this -- Mr. Saunders thinks Mt. Walker rs as well. The lunch would involve Snyder and Saunde I told him n the first week in April Ansiaux was scheduled to be in Washingto o there were some unand there might be a lunch for him and als ested I keep this as a certainties About the second week so sugg things have clarified. la pending matter and set a date when a few He said that was fine. OK to set up the lunch and include Mt. Walker? YES NO to give you the following message: said and by d ppe stp ich Jur Mr. 4:4o Pm the preliminary offset meetings "The telegram from Bonn setting up http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with 'the negotiating group.' indicates that discussions would be ongly believe I should attend In view of this description, I str ow to process the necessary and will, therefore, take steps tomorr paperwork. m, let me know." If you still feel there is a proble 9:00 AM - Wednesday, March 12, 1969 -1- Messages for Plr. Volcker in -- apologizing for Mr. Hayes -- the building Superintendent stopped and this morning --/said the breakdown with the Secretary's private elevator phone or stop in to he would either like to talk with you over the tele see you for a minute when you are free. (He asked about what time you ght of having an engineer arrived in the morning -- apparently with the thou Walker and you had arrived. stand by each morning until the Secretary, Dr. -- but that there would be I told him any time from about 8:30 a.m. on exceptions.) '--(Mr. Hayes - 2723) 9:30 AM - Chairman Martin Fed Board. has extended the customary invitation to lunch at the h I have told Margaret Muelhaus that you are free for lunc after you had been aueboncaosothbasiunak but that we would be back to her Department of consulted; also that you have a 2:00 p.m. meeting at the continue to from Transportation (SST) to which you could probably just her Gov.Robertson the Board. (Margaret had been unable to determine whet 4uncheon; she thought he was going to be away aptend 1.11 tne h? Do you wish to accept the Chairman's invitation to lunc agr YES NO Other (Of the financing people, Mr. Schiff Cook is out of town. Co-o 9:50 AM - ellAfCc-1, unable to attend and Roland Mes-sreir-Zszniters-y-Gaislesit, Auten and Rabon r 121 t'si 11" 444 Hans Widenmann called again(. '(i4.C. 212 - 530-4114) ed and is interested in finding 10:00 AM - Guy Noyes, of Morgan Guaranty, call e. out if you are interested in selling your hous 425-2323 piece today on the anniversary 10:30 AM - Joe Slevin called and is doing a little http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of the two-tier gold system and would like to get a few words of hopefully before lunch. philosophy from you over the phone, if possible, 393-6686 - 2 - Messages for Mr. Volcker March ;31 1969 asked if you would have time to see him 10:45 AM - Mr. Wallich stopped/by and today. n 11:30 and He is available at any time exceptigg betwee about 12:30. 5881 to Ed Hermberg at Bonn and there are ked tal y the d sai y ame McC Mr. 2:45 PM you and the others r ld stay there. Since a new Ambassado two possibilities wheretgempin cou http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Ambassador's residence is available, has not yet been named to Germany, the fully staffed, to in your party (I gather in addition /and could accommodate everyone there will probably be some people you and Mr. Willis and Mr. Albright, offset talks). The alternative there from State and Defense for the in the absence of an Ambassador, is that Mr. Fessenden, the Charge his residence and the remainder would invite you to stay with him at ador's residence. of the party would stay at the Ambass The advantage you would obliviate the necessity of staying with Bessenden is that head of our delegation to Germany; to pay a protocol call on him as separated from the rest of your party. the disadvantage is you would be residence and Mr. Fessenden's Hermberg said both the Ambassador's ful views of the Rhine. residence are very nice and have beauti have complete flexibility on this. Fessenden about it. You Hermberg has not even talked to ation. I asked Mr. McCamey if he had a recommend -- he thought it depended on whether He said he didn't really have one stay with him or would prefer to you knew Fessenden and would like to stay with the rest of your party. Would you rather: Stay at the Ambassador's residence Stay with Fessenden Messages for Mr. Volcker NOTE: - 3 - March 12, 1969 Would you want Mr. MacLaury to participate in the financing meeting at 11:30 and the Volcker Group meeting at 5:00 tomorrow? YES NO Should I try to get him included in the Savings Bonds luncheon tomorrow? YES at&IXA 15, NO - u)4"1A4 In the Savings Bonds reception tomorrow night? YES NO 3:45 PM - Mr. Widman would like to know whether it is now safe for him to call http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Hockin and mention the April 3rd date. He said Mr. Hockin hasn't had an answer yet as to whether we prefer next Monday or not and he really should have called Hockin before this. Since Apr. Thursday, I asked about the possibility of Friday, Apr. 3 4. is a Mr. Widman said Friday is a holiday in Canada and would not be convenient and Mr. Hockin is going to be away on baxxx Wednesday, so that leaves Thursday, the 3rd. Is the 3rd satisfactory? YES ?(- NO We should also, if the 3rd is agreelable, have a decision from you before you leave for Europe whether you want to use a Govt. plane or go commercial. If commercial, you'd leave Dulles at. :30 EM and arr. Ottawa 8:47 PM on Wed., the 2nd, and return on Friday, leaving Ottawa at 8:45 AM and arriving Dulles at 11:23 AM,. I think the flying time is something like an hour and a half by Govt. plane and you could go up and return on Thursday. )1969 Wednesday, March 12 Messages for Mr. Volcker 4:10 PM - Mr. Jurich stopped by. He asked for about 15 minutes with you sometime this afternoon or tomorrow morning. He is sitting in with Mr. Webster today and tomorrow and can be reached on 4:30 PM - Mr. Albright called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 8484. He asked that his call be returned. (5264) Tuesday, March 11, 1969 - 1 - Messages for Mr. Volcker med that you will have lunch in the 9:15 AM - Mr. Weatherbee's office has been infor Secretary's Dining Room today. 10:15 AM -Hans Widenmann called. He wanted to talk with you for a few minutes when . you are free and suggested that I give you some of the background He ttee of the said he was a member of the Monetary Currency & Finance Commi Chamber of Commerce of New York. The Committee had been ready to recommend dropped it to the Chamber a resolution on flexible exchange rates -- but to the effect out of running. when you, two or three weeks ago, made a statement/that this you m if this resolution He wondered whether his Committee would be of help to/)l -- I explained that you had no free time this morning; were reactivated. but there was a chance you could talk with him this afternoon. He said you could either this afternoon or tomorrow morning was fine -- and that call him at his home this evening if you liked. OFFICE PHONE: A.C.212- 530-4114; HOME PHONE: said he had called her from Phila.10:30 AM - Mr. Emilio Collado's secy called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you would have delphia, where he is today, and asked her to see if any time to see him on Thursday morning. It later developed he had Petty had time to asked her to find out if the Secy., you, or Mt. see him, in that order. I suggested she try to set something up with whether Mr. Collado has Mt. Petty and try to let us know when she can something special he needs to se e you about. me back tomorrow. She will probably call Mr. Collado comes to Washington from time to time pass along some of and likes to touch base with people here and also his own ideas. just Do you think you'll want to see him if it is one of his regular trips2 for time. I told his secy. you were terribly pressed March 11, 1969 - 2 - Messages for Mr. Volcker attend 11:10 AM - Miss Cunningham at DOT called to ask if you were planning to the 2:00 PM SST meeting tomorrow. I told her you were. She would like to have the names of the people who will accompany you. 13-28677 Will you take Mr. Petty, Mr. Saunders, and Mr. Schaffner? 11:30 AM - Bart Raven, of the Washington Post, called and would like to know if you are free for lunch any day later this week or next week. 223-6000, Ext. 610 NOTE: I've given Mr. Stephen Kellen, Chrm., IBA Foreign Investment Cmte., an appt. to see you at 5:00 PM tomorrow, Wednesday. On cal. 1:30 PM - Mr. Willis' secretary called to say that the Vdbker Group was meeting again this afternoon at 4:30 p.m. in Room 4125. ON CAL. 1:45 PM - Mr. Willis called to ask that time be set aside for another rather special meeting of the Volcker Group on Thursday afternoon, Friday morning or Friday afternoon. Your calendar for Thursday afternoon is not clear for the 2-hour session Mr. Willis would like; I have put a hold on Friday morning, March 14, from 10:00 a.m. to 12:00 noon; and a hold also from 3:30 p.m. to 5:30 p.m. on Friday afternoon. (You will be presiding at the Savings Bonds luncheon at the Shoreham from 1:00 p.m. on Friday afternoon; Sav.Bonds people think this should be over by 2:45 pm.) Do you prefer that Mr. Willis arrange the Volcker Group meeting for Friday - 3/14 -- 10:00 a.m. - Noon If It 3:30 pm Other (Mr. Willis -- 5334) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1 - 5:30 pm 01111••• ... 3 Messages for Mr. Volcker 2:45 PM - Tuesday, March 11, 196, WO Clint Newman of Mr. Widman's office called to determine whether you would be available to sit in on the Secretary's meeting with the Spanish Ambassador tomorrow, Wednesday, March 12 - at 3:30 p.m. I told him that you were attending a meeting at the Department of Transportation at 2:00 pm and doubted whether you minat will have returned by 3:30 p.m. Mr. Newman said he was just calling to see who might be available. 3:45 PM - Allan Holmes called and said it was not urgent but he would like to talk to you sometime in the next day or so. I asked whether he'd be at home tonight and he said he would be home for a little while but would probably be going out to dinner at about 7:15. He said if you didn't have time to talk to him on the phone tomorrow during the day, maybe he could leave word with the Fed Bank operator where he could be reached during the evening. 5:10 PM - Mr. Webster stopped by and needs to see you. He says Mr. Jurich feels he should be able to move Aght into his own office (Aoright's present office) right away so that he can start getting right into things and begin learning. He apparently feels if he is in a temporary office he will sit twiddling his thumbs for the rest of the month. would like to discuss this with you. Mr. Webster 8484 4:30 PM - Alfred Beadleston, of Chase, called again. He will be at home this evening after about 7:15. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I've scheduled Peter Jay for 11:00 tomorrow. On cal. On arrangements for Mr. MacLaury and Mr. Jurich, I checked on rooms and secretaries this afternoon and found that things had rather bogged down because Mr. Weatherbee has been away and Mr. Betts, who is acting in his absence, is a little loth to make decisions without clearing them with - Messages for Mr. Volcker Mr. Weatherbee. 4- March 11, 1969 One problem Mr. Betts mentioned was he didn't know when Mr. Walker's assistant, replacing Weiss, is coming in; when he does, presumably he will take over Weiss' office. There are two rooms cbn the center corridor of this floor, diagonally across from whew Mr. Willis' office is located, that are vacant, though they are presently being used as a storage place for furniture. tm Mr. Betts said Mr. Jurich could use Mr. Weiss' office to start with and he has lined up Miss Brigita Cuberkis, who formerly worked for Mr. Weiss, to assist Mr. Jurich. Mr. Wallace's former office (across the hall from us) is available for Mr. MacLaury, and Mr. Betts said he thought they might assign Miss Marva Hylton to assist him, but he has to get Mr. Weatherbee's blessing on all this, which he will do first thing in the morning. Marva is the attractive Negro girl who was the second girl in Mr. Wallace's office. Mr. Wallace's first girl, Lorraine Moulton, is temporarily assigned to help Mr. Cohen. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I was talking with Mr. Schaffner and mentioned that DOT wanted the names of who you were going to have accompany you to the SSTia meeting tomorrow. He said he thought he should go and you should also have Mr. Saunders because there will be a lot on the domestic side -- costs, etc.,-- that Mr. Saunders knows a lot about. As a matter of fact, if you don't think it would make too many, Mr. Schaffner would like to take along as well Mr. Leonard Lupo, of his staff, who has done the bulk of the work on the SST project. He thinks it would be useful if Mr. Lupo could sit by and listen to the discussion. Would you have any objection to this and do you want Mr. Saunders to go with you too? I asked Mr. Schaffner how many people other departments had at previous meetings. but most of the others had two or three. He said DOT had a lot Messages for Mr. Volcker 9:35 -1- Aarch 10, 1969 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Roam today. NOTE: There is no Fed lunch at Treasury today. According to Mrs. Miller of Mk'. Weatherbee's office, the next one will be held on Monday, March 17th. 9:40 AM - for a couple of hours Willis has asked us to put apholeon your calendar/from 3:00 p.m. to 5:00 p.m. on Tuesday afternoon, March llth, for a Volcker Group meeting, to meet in Conference Room 4125. NOTE: Your calendar is clear. ON CAL. The Israeli Finance Minister is coming in to see the Secretary at 3:00 p.m. an Tuesday afternoon. I mentioned this to Mr. Willis -- since there is a possibility that the Secretary may want you to sit in. (This appointment is noted on the Secretary's scheduledz; there has been no word of your involvement from the Secretary's office.) 10:40 - Hans Widenmann called and would like to speak to secy said he was quite anxious to speak to you. you on the phone. His AC 212 - 530-4114 11:15 AM - Peter Jay called and said he ran into you over the weekend and mentioned http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that he'd like to come by to see you and you suggested he call your office. Do you want to see him? YES NO (347-7659) Messages for Mr. Volcker March 101 1969 - 2 - mb. Rolf Pauls' office called to request a time when he III http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis y a courtesy call on you. I gave him 11:00 AM on Thursday informed Mr. Widman's office. erbee's office called and said Mr. Cohen will be sworn in omorrow in 4121 and everyone is invited. On cal. Messages for W. Volcker - 1 - Friday, . March 7, 1969 9:20 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 10:15 AM - Mr. Albright's office called about your Mbnday morning appointment for the CIA briefing. The CIA mnn has suggested to Mr. Albright that he could brief you and Dr. Walker at the same time (10:00 a.m. on M)nday) in Dr. Walker's office, if it were convenient for you. Your calendar isclear. (ON CAL.) 10:55 AM - Herbert Johnson, of the Continental Illinois Bank called and would like to chat with you on the phone. NOTE: AC 312 - 828-4250 I'm sorry, I forgot to put on the message sheet tk yesterday that Mr. Deming phoned you just before you returned from the Hill in the afternoon and would like you to call him. Hanover 2-1200 11:10 AM - Dick Janssen called and would like to speak to you -- probably about the current flurry. 783-0164 11:30 AM - Mr. Bergsten called and is anxious to talk to you soon. leaving his office for the airport/around noon. He will be 103 - 5026 iitziditckbooddstrintiebc 11:40 AM - Mts. Marsha Clopton, of CBS Realty, called and said she just spoke to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis your wife, who asked her to"please be aggressive with you and make you get out to look at the house that Mrs. Deely thinks is so good." would also like to show you She 4 or 5 new houses in the same neighborhood. All of the houses are unoccupied so can be seen at any time. We both thought 10:00 AM on Sunday would be a good time and Mrs. Clopton will arrange to get the keys to the houses and will tentatively plan to meet you at 10:00 AM on Sunday at the "gem of a house" Mrs. Deely liked •••• 11111* at Her office phone is OL 6-2300; her home phone ; and she will be at an open house from 2:00 to 5:00 on Saturday at 363-8035. INN _ 2 _ Messages for Mr. Volcker March 7, 1969 We agreed I would phone her on Saturday afternoon and firm up the tentative arrangements for Sunday morning. Is this okay? ,Wash. Star, 12:05 PM - Lee Cohen/called and would like to speak to you on the phone or, even better, come in to see you on international monetary matters. LI 3-5000, Ext. 449 said 12:10 PM - Mr. Albright called and/mbi he called Mr. Packard's office and his staff put Packard himself on the line so Mr. Albright talked directly to him. Mr. Packard didn't know of any reason why he couldn't come here for the 4:00 o'clock meeting and still plans to do so but appreciated knowing that you were willing to drive over there to have the meeting if he had problems that developed later on. If problems do developel his office will call us immediately and I will alert Mr. Albright so he can alert the others. The lineup of people coming has increased somewhat because of the high level of the meeting and the lineup now is: Defense: State: Messrs. Packard, Astt. Secy. Earle, Deputy Asst. Secy. Wyle Johnson, Springsteen, Enders and Crowley; the latter is State's German expert who will have to carry the action. White House: Mort Heilperin, their NATO man, who used to be attached to Defense (representing Bergsten), and Sonnenfeldt. Treasury: Messrs. Petty (or a representative), Albright and Bean. 12:35 PM - Ntr. EnderAzed and would like to speak to you on the phone. 2:10 PM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Enders called again andis anxious to speak to you. 182 - 182 - 8863 8863 Messages for Mr. Volcker - 1 - Friday, March 71 1269 9:20 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Roam today. 10:15 AM - Mr. AIbright's office called about your Mbnday morning appointment for the CIA briefing. The CIA man has suggested to Nis. Albright that he could brief you and Dr. Walker at the same time (10:00 a.m. on Monday) in Dr. Walker's office, if it were convenient for you. Your calendar isclear. (ON CAL.) 10:55 AM - Herbert Johnson, of the Continental Illinois Bank called and 'would like to chat with you on the phone. NOTE: AC 312 - 828-4250 I'm sorry, I forgot to put on the message sheet tk yesterday that Mr. Deming phoned you just before you returned from the Hill in the afternoon and would like you to call him. Hanover 2-1200 11:10 AM - Dick Janssen called and would like to speak to you the current flurry. probably about 783-0164 11:30 AM - Mr. Bergsten called and is anxious to talk to you soon. leaving his office for the airport around noon. He will be 103 - 5026 ttrebdtbaccilarkzrim 11:40 AM - Mrs. Marsha Clopton, of CBS Realty, called and said she just spoke to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis your wife, who asked her to"please be aggressive with you and make you get out to look at the house that Mrs. Deely thinks is so good." would also like to show you She 4 or 5 new houses in the same neighborhood. All of the houses are unoccupied so can be seen at any time. We both thought 10:00 AM on Sunday would be a good time and Mrs. Clopton will arrange to get the keys to the houses and will tentatively plan to meet you at 10:00 AM on Sunday at the "gem of a house" Mrs. Deely liked 411MININ at Her office phone is CL 6-2300; her home phone ; and he will be at an open house from 2:00 to 5:00 on Saturday at 363-8035. - 2- Messages for Mr. Volcker March 7, 1969 We agreed I would phone her on Saturday afternoon and firm up the tentative arrangements for Sunday morning. Is this okay? ,Wash. Star, or, even 12:05 PM - Lee Cohen/called and mould like to speak to you on the phone LI 3-5000, better, come in to see you on international monetary matters. Ext. 14.1.9 said he called Mt. Packard's office and his staff Alli f andi 12:10 PM - Mt. Albright called put Packard himself on the line so Mt. Albright talked directly to him. Mr. Packard didn't know of any reason why he couldn't come here for the 4:00 o'clock meeting and still plans to do so but appreciated knowing that you were willing to drive over there to have the meeting if he had problems that developed later on. If problems do develope, his office will call us immediately and I will alert Mr. Albright so he can alert the others. The lineup of people coming has increased somewhat because of the high level of the meeting and the lineup now is: Defense: State: Messrs. Packard, Askt. Secy. Enrle, Deputy Asst. Secy. Wyle Johnson, Springsteen, Enders and Crowley; the latter is State's German expert who will have to carry the action. White House: Mort Heilperin, their NATO man, who used to be attached to Defense (representing Bergsten), and Sonnenfeldt. Treasury: Messrs. Petty (or a representative), Albright and Bean. 12:35 PM - Mt. Enders called and mould like to speak to you on the phone. s to speak to you. 2:10 PM - Mt. Enders called again and is anxiou http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 182 - 182 - 8863 8863 - Messages for Mr. Volcker 3- Friday, March 7, 1969 2:20 PM - Bob Solomon's secretary called to say that he was en route to Claremont, California, where he will be attending a conference at Claremont University on Saturday, Sunday and the morning of Monday, March 10th. She provided information as to where Mr. Solomon might be reached should you wish to do so. At Claremont, he will be registered at Griswold's Inn -- PHONE: A.C.- 714-626-2411; or through Professor Randall Hinshaw at the University -Office No. A.C. 714-626-8511 - Ext. 3353. Mr. Solomon will be returning to Washingtonlidx3x22 leaving Claremont at 3:00 p.m. on Monday and arriving at Dulles on TWA Flight No. 98 -- at 10:30 p.m. 4:30 PM - Alfred Beadleston, of Chase Bank, called and wanted to speak to you. He said he has an application in for the post of Deputy Asst. Secy. of Treasury on the international side and has the problem of whether to renew the lease on his house for another two years. He doesn't want to commit himself on the house if he is going to be lucky and get a job in Washington. In case you want to call him over the weekend, his home phone in New Jersey is . His office phone is AC 212 - 552-6791. PM - Mr. Willis called to say that Secretary Rogers of State will attend the 10:00 a.m. meeting in the Secretary's office on Tuesdays Marctillth. 5:15 PM - Milton Christie, of Kiplingers, wanted to come in to see you next week. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I've known him for many years and he is a very nice, reasonable person, so I told him you simply haven't the time and suggested he talk to Page Nelson (he wanted to talk to someone on the international situation). He was satisfied with this and said he'd talk to Page. 9:15 AM - Thursday, Feb. - 1- Messages for Mr. Volcker 6, 1969 Mr. Albright's secretary called to say that she had set up an appointment with Dr. Walker for a "bye special" briefing with a CIA man (name to be supplied) for 10:00 a.m. on Monday, March 10 -- and wondered whether you would be free for a similar briefing when the CIA man had completed his briefing of Dr. Walker. I gave him 10:30 a.m. on Monday. (ON CAL.) (5264) 9:20 AM - Mr. Albright returned your call. 9:25 AM - Mr. Weatherbee's office was informed that you will have lunch in the Secretary's Dining Room today. 9:50 AM - He asked that his call be returned. Mr. Petty called. 10:05 AM - Mr. Nelson called. He asked that his call be returned. (2522) (2884) 10:30 AM - Mr. Houthakker called and would like to speak to you on the phone as soon as possible. 103 - 5046 10:45 AM - Peter Jay called and would like to get a comment on the current French developments -- guidance on the U. S. reaction -- if possible. 347-7659 (see attached) NOTE: Mr. Auten said you wanted to be reminded to call Dr. Burns this afternoon and give him a fill-in on the memo to the Pres. 145 - 2372 12:30 PM - Mr. Willis' secy. said they've set up a regular Volcker Group meeting for 10:30 AM Saturday in 4426. A strategy paper will be distributed tomorrow to be considered ,at this meeting. If it runs into the afternoon, Mr. Dixon will a have arrangements made to have sandwiches served to the group for lunch. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Auten told me Mary Harris is holding 10:00 AM on Tues. on Secy's Cal. for possible mtg. of principals (exc. State & Defense) of Volcker Group to discuss the memo to the Pres. Mr.\/illis is not going to make calls to arrange this until you have a chance to go over the latest version of the version to memo to the Pres., nor is he going to distribute the latest anyone until you have a chance to see it. Thursday, Feb. 6, 1969 - 2- Messages for Mr. Volcker that 2:30 PM - Re Mr. Snyder's telephone call requesting/the meeting on international finance (contingency planning) be set up for you this afternoon, this has now been arranged for 5:00 p.m. Gov. Daane is in New York and plans on returning to D.C. on the 3:00 p.m. shuttle which will bring him into National. he can be here at 5:00 p.m. His office feels certain that His calendar is clear. Mr. Petty has a 5:00 p.m. meeting with a foreign visitor, which his office says shouldn't take more than 10 minutes. He also has a 5:15 meeting with members of his staff, which his secretary says can be shifted. She has noted his calendar for the meeting at 5:00 in your office. (Mr.Petty probably will be about 15 minutes late.) Mr. Willis is free and will attend; as will Mr. Nelson. (ON CAL.) 3:10 PM - Herb Klein of the White House called. you were on the Hill on the debt limit. The message was conveyed to him that His secretary cancelled the call and said he would call again. 4:00 PM - Mr. Saunders said to tell you the Secy. wants you to call Mills about dropping FNMA PC's out of the definition. before calling Mills, he said. You may want to talk to Secy. Mr. Saunders is going to call Mr. Woodward on this and will let you know what he finds out. M The Secy. would ;like to take the FNMA PC's out, but Mills would have to agree. REMINDER: Call Dr. Burns. 4:06 PM - Mr. Saunders said he talked to Mr. Woodward, who said he definitely needs http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a guideline on this from Mills and wants to hear what happens when you pm or the Secy. call Mills. Mr. Saunders said he will talk to the lawyers about drafting something with a view to this as a possible drop-out. _ 3 _ Messages for Mr. Volcker 4:15 PM - Allen Osborne of Reuters called. 1969 ) Thursday, ENtx Mar.3 He wanted to talk with you about any comments you might have to offer on the debt ceiling matter. His call was transferred to Mr. Saunders. 4:50 PM - Mt. Bergsten called an would like youto call him. 103 - 5026 could speak to you when 6:20 PM - Jack Norman called and said he wondered"if he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis your little meeting broke up." on, isn't there?" He added, "There is a meeting going I said, yes, he does have some people with him. be there for a He said he was calling from the WSJ office and would a representative little while - 783-0164,; and added that he was calling as of the AP - Dow Jones. I asked what he wanted to speak to you about and he said he would rather not go into that now. ) 1969 y March 5 Wednesda) - 1- Messages for Mt. Volcker nded the invitation to lunch at the Fed today 9:15 AM - Chairman Martin's secretary exte for Governor Robertson, who will host. Chairman Martin is away. We have er, Auten and Cook will accepted for you -- and Messrs. Saunders, Snyd accompany you. heon engagements. Both Mr. Schiff and Mr. Carlock have other lunc see him sometime today about people. 9:40 AM - Mr. Wallich said you wanted to him. I suggested 5:00 PM, which was fine with Schweitzer could see you any 9:55 AM - Mr. Bill Dale's secy called and said Mt. a time. time after 3:00 and mukx asked me to suggest PM. I suggested 4:00 nding on when he gets I will shift Mr. Kellen to 2:30 or 2:45, depe back to the hotel from his lunch and calls in. Mrs. Volcker to a buffet 10:15 AM - Robt. Solomon's secy called to invite you and fry Bell at at 7:00 PM on Sunday, March 23rd, to say goodbye to Geof get there. their home and said she'd send a reminder and map how to town and there was I told her Mrs. Volcker probably wouldn't be in if we could also a question whether you would be in town and asked rtainties get put it on the calendar and let them know when your unce resolved. She said that would be fine. On cal. ived a bill from Eastern Airlines 10:45 AM - Marie Buehl called and said they rece 's credit card -- and for a Jan. 20 flight for which you used the Bank and not the Govt. they want to be sure the Bank should pay for it time, I assume the Bank Since you weren't on the Govt. rolls at that should pay for it. OK to tell Marie that? 552-8916 YES NO rn from 10:50 AM -/Page Nelson called. He would like to see you briefly after your retu If possible 4) the Hill/and before you leave for the lunch at the Fed Board. (288 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 2 - March 5, 1969 11:05 AM - Secy's office called and said to put on your cal. an 8:45 AM staff meeting on Wed., Mar. 12 in Rm. 4426. On cal. 11:20 AM - Ed Shook, of Time Magazine, called and said to ask you to call him -he'd like to arrange to see you sometime today on a major story he's doing on the Fed System. He said you were helpful on a Fed story they did for An-tune and he needs to get some more ideas. I told him you had a terrible schedule today and he said then maybe he could do it by phone. 337-8000. 11:25 AM - Mary Ann called to remind that they need a piece from you -- a paragraph giving some strong reasons for retaining Mr. Auten. She'd like very much to have it, if possible, by Friday. 11:28 AM - Mr. Webster's secy. called to say they were shifting the top officials meeting with employees from 10:00 on Friday, the 7th, to 2:00 to 3:00 PM on Wed., March 12th. I told her you were supposed to attend an inter- agency cmte. meeting on the SST -- that you hadn't attended a simgle one and they were pressing you to attend -. and that the 2:00 o'clock meeting on the 12th was an important one in that it would involve arriving at conclusions as to what to recommend and the Secy. was of the opinion that it might be advisable to slow down the project for budgetary reasons. I asked her to pass this on to Mr. Webster so he'd know about the problem. I imagine we'll be hearing further. 12:05 PM - Bruce MacLaury called and said he does have to go to Basle this weekend, which means he will fly back on Monday afternoon. The earliest day he could be at Treasury would be Tuesday but he thinks it might be better (21/ http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis if he camedown on Wednesday and asked me to check to see if that is satisfactory with you. If there is any particular reason you think he should try to be here on Tuesday, he can consider that. Is Wednesday OK? March 5, 1969 - 3- Messages for Mr. Volcker 12:20 PM - Mr. Albright called and would like to talk to you on the phone as soon as there is a chance. Mr. Albright talked to Mr. Bergsten on the phone this morning and several points came up that Mr. Albright needs to check out with you. Mr. Bergsten wants to talk to Mr. Kissinger today about the German offset problem in preparation for the Friday meeting. 5264 I told Mr. Albright we'd call him at first opportunity. 2:45 PM - Bob Bethke, of Discount Corp., called and said he is going to be in Washington tomorrow and would like to see you. I told him you were on the Hill on the debt limit all day today and suggested he phone us when he arrives in Washington in the morning by which time we may have a better view of your availability. Shall we suggest that he see Mr. Saunders? YES NO 3:00 PM - Mrs. Deely phoned and sai- to tell you she saw a house in Kenwood Park which is a gem and not on the open market. It is a 4 bedroom with study and beautiful land with a 5-1/2% mortgage and the pric is right. If you're interested, she suggested you give her a call sometime tonight. EM 3-4989 NOTE: Mr. Kellen is going to phone me on Monday, when he will be back from Europe, to see about arranging a time to see you perhaps sometime next week. 4:00 PM - Mr. Albright has a matter (aside from what he talked to you about oh the phone) that he would very much like to see you on before you leave tonight. 5264 4:05 PM - Mr. Deming called you and will call again perhaps tomorrow. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Messages for Mr. Volcker 4- March 5, 1969 4:10 PM - Mr. Webster called and said you were working on a paper on controls and Secy. Kennedy wanted him to check on how it was coming. I told him you had been on the Hill all day and I understood that Mr. Petty was doing some work on it. He said he would check with Mr. Petty. 4:20 PM - Dennis Duggan, of Newsday in NYC, called and said he is doing a piece http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on the report put out by Treasury today on Savings Bonds and Freedom Share redemptions and sales and would like to speak to you on the phone. He said he'd be in his office late and hopes he can talk to you tonight. AC 212 - 736-7711. (See attached copy of release which I obtained from our Information office) Messages for Mr. Volcker - 1- Tuesday, March 4 )1969 9:30 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 1:35 PM - The conference room for the Volcker Group meeting at afternoon has been changed from 4125 to 4121. 1:30 ix*)R PM - p.m. this (ON CAL.) Mr0 MacLaury called from the Federal Reserve Board. he might have a minute with you. 4:00 I suggested He wondered whether that he stop in shortly after 2:00 p.m. when you might be returning from lunch in the hope that you might see him before your 2:30 appointment with Mr. Rustad. 2:30 PM - Mr. Hirschtritt called re the IDA hearing this morning. be given the message that "It went very well. He asked that you The full Committee was there and most gracious to the Secretary -- they asked a lot of questions; that they met in closed session immediately after the hearing and ordered the bill be reported out (in the next day or so -- and go for a rule next week); that it was 30 in favor and 3 against." If you have any questions, Mr. Hirschtritt will be happy to answer them. (2803) 3:30 PM - Mr. Colman's office asked me to set up a meetin g sometime within the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis next three days with Messrs. Petty, Hirschtritt, Colman and Saunders on an AID extended risk guarantee transaction -. a large sized deal involving Union Oil in Korea. Mr. Colman said AID has to mem come to Treasury to get clearance on interest rates to which private investors agree under the AID Extended Risk Program. Mr. Saunders and OASIA have differing points of view and it sometimes gets highly contentious. Rather than have this escalate to you through AID, Mr. Colman would like to have a Treasury meeting and reach an agreed positi on on the rate in this case to propose to AID. 20 or 30 minutes. He said it would only take There will be no papers to read beforehand. I've set this up for 3:00 on Thursday. On cal. Monday, March - 1- Messages for Mr. Volcker 3 1969 ) 9:15 AM - Mr. Weatherbee's office called to say that the Secretary wished to have a Fed lunch today. Chairman Martin and Governor Robertson were both invited and have accepted. Mt. Weatherbee's office has been informed that you are hosting a luncheon outside of the building and will not attend the Secy's. luncheon. NOTE: CEA/BOB FYI -- The Secretary is hosting a/breakfast every Tuesday morning at 8:00 p.m. at the Cosmos Club - which will involve the principals only -- (The Secretary, Mr. Mayo and Mt. MacCracken) (per Rose Cicala) FYI -- Re the Fed luncheon in Treasury, this will be held every other NiondaY.Treasury: Fed: 11:00 AM - Mr. Kane called. The Secretary, Dr. Walker, Mr.Volcker; Chairman Martin and Governor Robertson. He asked that his call be returned. (5252) 10:45 AM - Mr. Webster called and said you wanted to see Elmer Rustad sometime tomorrow and asked about a time. I suggested 2:30 and Mr. Webster said it might be better if I phoned Mr. Rustad and arranged the appointment. In response to my query, Mt. Webster said he would not sit in when you see Mr. Rustad. I have arranged for Mr. Rustad to be here to see you at 2:30 tomorrow. On cal. 12:00 Noon - Rose Cicala called to say that the Secretary has set up a meeting for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 11:00 a.m. on Tuesday, March 11 on the subject of the coordination of Congressional activities, which he has asked that you attend. Attending also will be Messrs. Walker, Cohen, Rossides, Eggers and Jim Smith. (ON.CAL4 Messages for Mr. Volcker NOTE: - 2 - March 3, 1969 Peter Jay, of the London Times, called and said he thought you knew him. He said his father-in-law, Mr. James Callaghan, who was the Chancellor until 1967, is coming to the States on a k private visi t and will be staying with the Jays and would like to meet you while he is here. Mr. Jay wondered if it would be possible to invite you to lunch on eith er March 20th or 21st. You've tentatively agreed to lunch with Gene Birn baum on the 20th but are free for lunch on the 21st. home is . Mr. Jay's office phone is 347-7659 and his Do you wish to accept for the 21st? YES NO 4:ln PM - Kurt Richebacher called from St. Loui s and said he kr is here from Germany http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and is a friend of yours. He is flying to Montreal tomorrow and will be there and in Ottawa the rest of the week and then will leave Montreal on Saturday to fly back to the States and woul d like very much to see you either in Washington or New York, wherever you may be, either on the weekend or any time on Monday or TUesday. He said he would phone again tomorrow afternoon to see if we have any word for him. 1 -1- Messages for Mr. Volcker F idv.„ February 28, 1969 8:55 AM - Mr. Guy Noyes of the Morgan Guarantee Trust Company, New York, called. The operator asked that Mr. Noyes call be returned, if possible, by 9:15 a.m.;, otherwise Mr. Noyes will place the call again later today. (Oper. No. 410, NY - A.C.212-425-8050) lunch in the 9:15 AM - Mr. Weatherbee's office has been informed that you will have Secretary's Dining Room today. (The Secretary is having lunch there today also.) 10:25 AM - Tony Jurich called and said he would like to set up a meeting with you sometime today or on Monday -- not very long but would like to talk to you. His phone is 456.2337. today. We could fit him in at 2:45 or at 5:30 Otherwise it would have to wait until Tuesday. You want to see Mr. Auten sometime today and I was sort of hoping maybe we could get the photographer up to snap a few pictures in the hope of getting one that could be used for publicity -- the Info. Office is pressing us for one. 10:30 AM - Mr. Petty would like to see to the President th when you have read the draft memo handed you this morning. 11:30 AM - Mr. Albright said he has set up a Steering Group meeting at 4:00 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on Friday, the 7th. There will be Mr. Packard and Wyle from Defense; Johnson, Springsteen and possibly Enders from State; Bergsten and Sonnenfeldt from the White House (the latter is traveling with the President in Europe and it is important to have him at this meeting); Petty and Albright plus possibly one other from Treasury. Mr. Albright wonders if you would prefer to have the meeting in your office or in a conference room. There may be some advantage in holding it in your office in terms of getting Packard and Johnson to come. Do you have Messages for Mr. Volcker Albfight (Cont.) - 2 - February 281 1969 Have meeting in your office Have meeting in conference room Mr. Albright called later and is anxious to see you as soon as you are free. 12:15 PM - Tom Roche called from NY and said he knew you in the Fed and had http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis come to see you when you were in the Treasury beforeit. He would like to come to see you sometime in the next couple of weeks to talk with you about fluctuating rates. He said he is a consultant now and has been gathering material on this subject and thought he might be able to fill you in on some areas that you might itlx not get from others. He mentioned he had done two consulting jobs for the Treasury when Mr. Deming was here; he works with Brown Bros. Harriman with Mr. Roosa (I assume he means as a consultant); he is not asking to see you to get a job as a consultant but just to have a friendly exchange and let you know where he is heading -- he wants to be of whatever help he can be. I told him next week was shaping up to be a very busy week and it might be better if we called him the early part of the following week, when we might have a better view of what the outlook was. He said that would be fine. He has an office at his home and has a recording service to take messages when neither he nor his wife is at home. The number if . Do you wish to see him whenever we can fit him in? YES 10#? ( NO (I'm not familiar with the consulting jobs he said he did for Treasury -Mr. Willis may know about them.) Messages for Mr. Volcker February 28, 1969 - 3- 12:30 PM - Gene Birnbaum called and said he will be in Washington on Thursday, March 20th, and wondered if you might be free to have lunch with him on that day -- just to give him a chance to see and visit with you. Your cal. is clear for lunch that day as of now. Would you want to tell him you will lunch with him if something doesn't intervene on the official side between now and then? (AC 212 - 974-2456) YES •, (I/ NO 1:25 PM - Mr. Willis called to check out the time of 4:00 p.m. on Tuesday, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis March 4 -- for a modified Volcker Group meeting. had suggested 4:00 p.m. instead of 3:00 p.m. :bur calendar is clear at 4:00 p.m. He said Mr. Petty imilexplau Is it all right to confirm to Mr. Willis? YES NO (Room 4125 has been reserved for this meeting, if Mr. Volcker agrees to time.) - Messages for Mr. Volcker 3:15 PM - 4- Friday Mr. Daniel J. Edwards stopped by to say hello. February 282 1969 He said he had had many conversations with you on SST and wanted you to know that he was at the Interior Department now (557-2018) in case you wanted to refresh your memory on the subject. would like 4:15 PM - Mr. Petty called and said the Auto Importers of the U. S. to have you talk in New York on April 7. They are obviously a free trade group. They wanted to come in and see you and make the request personally. Mr. Petty told them you were completely tied up on Monday call and Tuesday, he knew, but said he would check this with you and back. I asked Mr. Petty what his recommendation was. He said you your do not lack forums and, if you have anything you want to get off check early in April, there will be no trouble getting a forum. this Therefore, Mr. Petty sees no need to I encourage you in accepting invitation. Your cal. is clear at that time but you have the Bellagio of Group in Lugano Mar. 27 - 29 (some portion thereof); the Govs. Asian Development Bank are meeting in Australia Apr. 10-12 and you annual may have to go if Secyt doesn't. There is/meeting of Govs. of IDB in Guatam,gla Apr. 21-25., And WP-3 will meet in Paris Apr. 24-25. for Mr. Petty rmit your OK/to tell the Auto Importers your schedule will not taking on a speaking engagement in early April? isoiP NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis said Mr. Albright said you wanted to call Mr. Packard; Packard's office time to be able late morning on late afternoon on Monday would be the best to get him on the phone. You'll be tied up with Figgures late morning so I told Mr. Albright it looked as though late afternoon would ;be best for you. note on cal. & try to remind. Messages for Mr. Volcker - 1- Thursday, February 27,1969 9:15 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. REMINDER: Call Senator Byrd re debt limit. 10:00 AM - Frazar Wilde called you and would like you to call him. Hartford Operator 81 - AC 203 - 242-4422. 11:05 AM - Mary Harris called and asked if you were free at 9:30 on Monday to see the Secy, along with Mr. Walker, to discuss Mr. Kane's memo on press requests and TV appearances. You are clear at that time but have Figgures & co. coming at 10:00 and may want to be getting ready for them. Mary said Mr. Walker was free at 9:30 on Monday. Is 9:30 Monday all right, do you think? YES, NO 12:00 M - Robert Rouse stopped by to see if he might see you sometime this afternoon. I explained your schedule and he said he'd like to see you sometime when you are in NY or he is down here just to catch up and see how you are doing. He said to give you his love. 12:01 PM - William Simon, of Salomon Bros. & Hutzler called and would like you to t call him. Washington number connecting with his office in MN NYC - 347-4651. 12:25 PM - Mr. Albright stopped by and said they are working on the German negotiating http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis package and, after Figgures comes, will probably have enough on the UK S7/ 4cpackage to have aiftikiNer Group meeting on these subjects on Thursday or Friday of next week, your schedule permitting. days thus far.) (Your cal. looks okay those He'd like to touch base with you re this and would also like to see you on another matter late this afternoon, if possible, though it can wait until tomorrow. Messages for Mr. Volcker NOTE: RIM February 27, 1969 rday afternoon on theft Messrs. Saunders & Schaffner stopped by yeste ready to report to you return from the SST meeting and said they were on the meeting whenever you were ready. your schedule -- said he'd 1:00 PM - Mr. Schiff stopped by and asked about o'clock Volcker Group like to see you between lunch and the 3:00 meeting, if possible. butibudiallinxix on the phone. 2:20 PM - Mr. Petty called and would like to speak to you 2522 2:35 PM - Mrs. Lipkin, Manager of your apartment building, called to say that she had had a special lock put on your door and the key is available at the desk. I am arranging to have Mr. Mbrrow pick the key up for you sometime this afternoon. r Mr. Roeder, of Chase, wrote you 3:30 PM - Charles Goodall phoned re lette tor of the Savings about Mr. Goodall's interest in becoming Natl. Direc an appointment. Bonds Div., and said he was calling to request I be considered told him you had written Mr. Roeder saying he would gs Bonds Division when the time came to make decisions about the Savin up for decision and it was i my impression that that would not come of. until some more urgent matters had been taken care He said he ng in March. understood that Mr. Johnson had resigned and was leavi and request. I told him I would tell you about his call both his home one - AC 203 - 244-3550. 4:00 PM - Mr. Wm. Simon called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He gave me - and his office phone - _ Messages for Mr. Volcker 3 4:15 PM - Senator Byrd returned your call. about 5:45 PM. February 27, 1969 He will be in his office until His secy said after 5:00 to call 180 - 4027, as that is the only phone they answer after that hour. NOTE: The Exec. Sec. called and said the White House had changed their request for a draft reply to the Patman letter to the President about withdrawing the Treasury and Director of BOB from participation in ti bank holding legislation to indicate that it was sent to the Treasury for info. only. Apparently the White House is going to handle any reply directly. NOTE: The Secy. had decided to accept the invitation to a dinner meeting extended by Morris Banks, Managing Editor of Fortune Magazine, at 7:30 PM on Tuesday, March 18, at the Intl. Club, to which Mr. Banks also is inviting you and Messrs. Walker, Cohen, McCracken and others from CEA as a background meeting to meet and discuss issues. The Secy. knew that you and Messrs. Walker & Cohen were waiting to learn what he was doing about the invitation before you responded. You are to attend the New Jersey Bankers Assn. reception and dinner at the Madison that evening. If you could get away from the office early, you could attend the N.J. receptton which will last from 6:00 to 7:00. Do you wish to do this and accept for the Fottune dinner? YES NO (Miss Lerch - in Wash. Office of Fortune - FE 7-8000.) 6:15 PM - Mr. Schiff stopped by and would like to see you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker February 26, 1969 - 1 - 11:15 AM - Joe Jones of the APA called again and said he had talked to Mr. Walker about making a short statement at the ABA portion of the March 14th Savings Bonds meeti•and that is fine with Mr. Walker -he will do anything they ask-- subject to your approval. tell him this is just)fin OK to as far as you are concerned? iE N6 12:00 M - Mr. Albright called and said he took a low key reading this morning with the NSC staff and they say timmxixxx the intl. monetary item is no longer listed on the NSC agenda for any date -- so that takes care of that. There will be an NSC meeting on March 4th on defense budget questions, which the Secy. will attend. Mr. Albright said he'd like to check German and UK questions with you when there is a chance. He has a 3:00 o'clock meeting at State and will check in with us when he gets back. 3:00 PM - Mr. Schiff called and would like to see you when you are free. He said it wasn't urgent but he would like to see you IS if there is a chance. 4:40 PM - Gov. Daane called. He asked that his call be returned. 4:45 PM - Don Webster d stopped by. He would like to talk with you on the phone for a minute when you are free. 5:00 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (8484) PMLivingston of the Phila. Bulletin called. call be returned. (147-211) Phila. Oper. 440 -- He asked that his 382-6666. - 2 - Messages for Mr. Volcker February 26, 1969 y Telegraph called and said he has been 5:00 PM - Mr. Harrod of the London Dail Telegraph for the past the Washington Economic Correspondent for the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to return to London. three years and will be leaving on March 10th ers, who has been covering He will be replaced by Allan Osborne, of Reut the Treasury for Reuters. They both would like to come in some time just on a background together before Mr. Harrod leaves Washington basis. the Fed at 2:30 on Mr. Harrod said he has an appointment at at Treas. at 10:00 AM on Monday, the 3rd, and is seeing Mr. Walker is completely free Tuesday, otherwise is free on those it days and on Wednesday. y the If you don't think you will have to accompan & Currency on ItA at Secy. when he testifies before House Banking Harrod and Osborne at 10:00 on TUesday, you could see Messrs. finishes talking to him. 10:30 that day -- or whenever Mr. Walker Do you wish to do this? YES NO a while. If not, I can just keep this pending for 393-5195 February 25, 1969 - 1 - Messages for Mr. Volcker 10:45 AM - Mr. Don Conlan, of Chemical Bank, called and said her wanted to see if he could make an appointment for a friend of his to see you later this week -- namely, Bill Carson, the Sr. V.P. of Chemical who heads their International Division, who wants to discuss international monetary affairs with you. He would like to see you at any time from 10:30 until 3:00 on Thursday or any time on Friday of this week. You are tied up all day on Thursday. Do you wish to see him on Friday? ) YES eCf. NO /ID ik Mr. Conlan's number - AC 212 - 770-2065. 11:45 AM - Joe Jones, Secy. of the ABA Savings Bonds Cmte., would like to speak to you on the phone about on March 14th. He said he s aker for the Natl. Savings Bonds Conf. nted to clear something with you. 298-9090 2:40 PM- John Karlik of JEC called to say that2if you chose, you need not arrive http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for the JEC hearing on Thursday, Feb. 27 -- until 10:30 AM. of Commerce Stans will not be there until 10:30 a.m. going to consider the presentation of Mr. Roth first. Secretary The Committee is Mt. Karlik suggested that you might plan to arrive at the same time as the Secretary of Commerce. (ON CAL.) Mr. Karlik also asked if you were sending up 30 copies of your statement today. I told him that Esther Kickey has called us and said they wanted the 30 copies by noon on Wednesday and the other 200 on Thursday. He was quite irritated and said the Chairman's letter clearly said the copies were to reach them today. I said you had just started drafting your statement and the first draft wasn't yet complete, but I said I tell you about his call. You may want to talk to him to sootle him down. Messages for Mr. Volcker 2 - February 25, 1969 3:15 PM - Mr. Englert stopped by to see you and said he has the answer to your question about the Fed paying for a person here. PENDING FROM YESTERDAY: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2977 (1) Mr. Petty had wafted to see you. (2) Mr. Albright wanted to talk to you about NSC Staff carrying on agenda a 3:00 PM meeting on March 4 of NSC on intl. tonetary policy. you before alerting Secy. Wants to talk to Messages for Mr. Volcker NOTE: - 1- Monday )February 241 1969 Re invitation to Chairman Martin and Gov., Robertson to lunch in Teasury today. The Secretary is away; Dr. Walker is lunching outside of bldg.; Mr. Volcker to decide whether to host lunch for Messrs. Marti n & Robertson. 10:00 AM - Both Chairman Martin and Governor Robertson are pleased to accept W. Volcker's invitation to lunch at Treasury today. (Mr. Weatherbee's office advised.) 12:30 PM - Mr. Saunders called. He asketthat his call be returned. (5806) 11:30 AM - Mr. Maudis secretary called to extend an invitation from Mr. and Mrs. Mut http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Maude to you and Mrs. Volcker to attend an informal buffet supper at 7:45 p.m. on Friday, September 28th, at their home -A. This is being given for W. Figgures and Mr./Rollinson of the U.K. Jasper Treasury and Mr./Hollom of the Bank of England. She said that in the event Mrs. Volcker was not in Washington on Friday, the invitation is extended to you alone. On your calendar for Friday, 2/28: You and Mrs. Volcker have been invited to a buffet dinner at the International Club at 7:00 p.m. by the Financial Min. of the Australian Embassy and Mrs. Gordon Low. Do you wish to accept the Maude invitation for you and Mrs. Volcker? Maurine Brown 181-3186 YES NO Regret for Mrs. Volcker? Accept for you alone? Shall we regret the invitation by the Financial Min. of the Australian Embassy? (659-2600) YES NO . - 2- Messages for Mr. Volcker ; Feb.2411969 Mbndaz 2:50 PM - William Simon of Salomon Brothers and Hutzler called. His secretary didn't know what he wanted to discuss with you and felt that he preferred talking with you when you are free rather than having his call transferred to Mr. Schiff or Mr. Saunders. 3:05 PM - N.Y.A.C.-212-347-4651. Dr. Walker returned your call. 3:20 PM - Ralph Leach of Mbrgan Guaranty Trust returned your call. He is going into a meeting at 3:30 p.m. and will call again if you are unable to talk with him before then. 3:30 PM - Mr. Roosa returned your call. NOTE: BOWLING GREEN 9-1650 Mr. Saunders said he talked to Mr. Englert, whose reaction was not to send anyone to the FNMA Board in view of the fact that they have decided not to have you on the Board. On the basis of my report to Mr. Saunders of your reaction, he gathers that you may tend to agree with Mr. Englert so he is going to tell Mr. Hemstreet that we have at least tentatively decided not to send anyone from Treasury. Is this agreeable? YES NO NOTE: When I told Mr. Saunders you wanted to talk to y him and Mr. Englert about FNMA, he said they should get in to see you soon because FNMA is going to send us a written request for a Treasury representative. 4:4 PM - Mrs. Esther Hickey, of JEC, called to say they will need 30 copies of http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis your statement by noon on Wednesday and another 200 copies on Thursday morning. Is someone working on this? New Senate Office Bldg. They should go to her in Rm. G-207, • Messages for Mr. Volcker - 3. Mbnday, February 211:) 1269 5:15 PM - Mt. Willis' office called to say that two Volcker Group meetings have been set up as follows: (1) Tuesday, Feb. 25. at 3:00 p.m room is available). Africa; and 2. (2) 0 0 in Mt. Volcker's office (no conference Two items on agenda: 1. Brief discussion of South Discussion of V.G.LimDis No. 15 (W. Nelson's paper attached). Thursday, February 270 at 3:00 p.m., in Conference Room Agenda: 4426. Further discussion on V.G. Limlls paper No. 15. -- ON CAL. 6:00 PM - Mr. Willis and Mr. Schaffner would like to see you as soon as soon are free. They are standing by. Mr. Willis -5334 - Mr. Schaffner - -283 ---7)- 3` 4 5:00 PM - Mr. Houthakker's secy. called and said she understood you were making the arrangements for Mr. Figgures'schedule when he comes to Washington; if there aren't going to be any group sessions with Mr. Figgures in which Mr. Houthakker will be involved, he would like to have a chance to see Mr. F. at some point and hoped we would keep him in mind. I told her Mr. Widman was working on the schedule but I doubted much had yet been done -- but said I would alert idiOrx Mr. Widman to keep Mr. Houthakker in mind. I have done so. 5:15 PM - Dave McGrath, who said he was a college room-mate of yours, called and wanted to speak to you on the phone. Said he was staying at the Mayflower and would be there until about 6:30 and, if you got free at any time before 6:30, he'd appreciate a chance to talk to you on the phone. He said he is going back home tomorrow. 5:18 PM - Mr. Albright called and said one of the people on the NSC staff alerted him http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to the fact that their agenda was carrying 3:00 PM on March meeting on intl. monetary policy. 4 for an NSC He said this is looking pretty far ahead to know what may happen when the President gets back and it may not be a very firm date. He )had thought you might know something about it and would like Messages for Mr. Volcker 4 February 24, 1969 talk to you before alerting the Secy. or anyone else about this. 6:20 PM - Mr. Petty would like to see you when you are free. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1- Thursday, February 20, 1969 itrifectkbot 10:45 AM - Mr. Fowler returned your call. He was told that you were out of the building and expected back about 11:45 AM. you PR11 then, if possible. Mr. Fowler suggested that He expects to be in his office. (He callPd from New York; the Secretary's Operator has his number.) 3:10 PM - Mr. Willis called and asked if youx were going to want to see him and Schaffner this afternoon. late. I told him if you did, it would probably be He asked if you thought it would be all right for him to sit in when Mr. Plescoff comes to see you at 4:30; he said Mr. Widman would be sitting in, he thought, but he'd like to sit in too if you have no objection. Is it all right for him to sit in? YES NO 0 PM - Mr. Walker stopped by and satid to tell you he'd like to talk to you sometime this afternoon. 4:20 - Mr. Webster stopped by and would like a quick word with you on the phone as soon as you're free -- said it would only take 30 ir seconds. 8484 4:45 PM - David Francis, of the Christian Science Monitor, called and would like to talk to you about the President's trip -- he understands he'll be talking about monetary affairs in Europe and Mr. Francis wanted to talk to you about that a bit off the record. m 347-1751 4:55 PM - Richard Cooper called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be ( 3kgxxxi2ti I told his secretary that you probably would not free to return his call untilt after 5:20 or 5:30 p.m.) since you had your 5:00 p.m0 mil visitor waiting. She expected Mr. Cooper to be called to the White House sometime after 5:00 p.m.; but thoughthe might still be in his office about 5:20 p.m0 and asked that his call be returned.)14784) - 2- Messages for W. Volcker 5:55 PM - Mr. Albright called. NOTE: Thursday, Februal7 210,1962 He asked that his call be returned. (5264) W. Willis and W. Schaffner are standing by to see W. Volcker When W. Tale and Mime DeKbch. NOTE: Miss Lerch, in the Washington office of Fortune Magazine, called this afternoon to say that Mortis Banks, their Managing Editor, is arranging a dinner meeting at 7:30 PM on Tuesday, March 18, at the International Club, with Secy. Kennedy and Messrs. Walker, Volcker, McCracken, and some others at CEA as a background meeting to meet and discuss issues. You are txxicindminxiiks scheduled to attend the New Jersey Bankers Assn. recept. and dinner at the Madison on that evening. OK to tell Miss Lerch you are sorry you have a prior dinner engagement? YES NO (I checked and Mary Harris said they sent their invitation to the Secy. to Mr. Kane to handle. Edith says Mr. Walker has his invitation on his desk.) 7:00 PM - Mr. Nelson called to remind that you were going to call him when de Koch left. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mrs. Allin needs to borrow the resume on Mr. Jurich to make a copy for the Secy., who is seeing JUrich on Tuesday -- she wanted to have the resume ahead of time so she could write a note to the Secy. it on your desk. I can't find Messages for Mr. Volcker - 1 February 19, 1969 10:15 AM - Mr. Escoube, in Mr. Widman's shop, who handles Ireland, called to say that Ambassador Fey, Ireland's Ambassador to the U. S., is coming to see the Secretary at 11:00 AM on Friday, Feb. 28th, and Mr. Escoube wondered if you would be interested in sitting in. He's coming basically on a courtesy call but will undoubtedly complain about our direct investment control program. like to sit in? Would you (Cal. is clear) YES NO 10:50 AM - Mr. Walker's secy. MIldiRt brought down attached message which he said should be handled mitk by you. I called Mr. Safire to tell him you had discussed the debt limit message with Dr. Burns and Bryce Harlow and had sent each late last night a copy of a draft message, but I didn't know what you had said about timing. I also told him you were on the Hill testifying. He said the President's speech writers are supposed to work with those drafting any messages; therefore one of the speech writers is always assigned to work with any person doing such drafting. a copy of the draft from Dr. Burns. He said he would get I said, to save him the trouble, I would send him a copy overspecial messenger x right away and did so. I also told him you would call him as soon as you could. He's on 145 - 2385. (Copy of draft attached) 11:00 AM - Mr. Albright needs to see you--beraie he attends a 3:00 o'clock meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis today to get some _guidance. He also wonders if you would it like to have anything from him for your 4: Hweting with Mt. Maude today. Messages for Mr. Volcker February 19, 1969 - 2 Russell Dorr stopped by and 12:35 PM - Mt. John Wilson, of Chase, and Mr. wanted to say said they'd been to see the Comptroller and just "Cheers." there is a chance. 12:50 PM - Mr. Petty is anxious to see you when http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2522 3:15 PM - Harold Cameron, of Dobbs Ferry, NY, and Toronto, called and said he wondered if he could see you some time this afternoon or tomorrow -he's planning to take the 4:oo o'clock train tomorrow but could take a later one if it meant seeing you. He wants to talk to you about the public debt, the same as he used to about 4 or 5 years ago. He so far only has a 2:30 appointment at the Fed Board tomorrow. He's at the Hay Adams, it Rm. 528 but may be going out so may call us back later in the afternoon. Shall we tell him you are just booked solid and suggest that he talk to Duane Saunders? YES NO • Messages Zur Mr. Volcker -3- Wednesday, February 191 1969 4:35 PM - Ralph Leach of the Mbrgan Guaranty Trust Company, New York, called from New York. He wanted to tell you briefly about a resume which he is sending to you today of a young man (about 25 years old) who is interested in working in one of the Departments in Washington. He wondered whether you might direct him to someone in Treasury. Mit* Mt. Leach mentioned the fact that the young man was intending to be in Washington on Friday, February 21. I reminded him that the 21st was a government holiday this year, since Washington's birthday, Feb. 22, falls on Saturday -- and Mt. Leach was going to try to contact him with the information so that he might I; change his travel plans, but wanted you to know that the resume was in the moil. 5:00 PM - Claus Ruser, Special Assistant to Under Secretary Richardson at State, calledx totnlk with youk on a personnel matter. was urgent, and asked that 5:03 PM - His secretary said it Ruser's call be returned. (182-4515)4 Mt. Petty would like to stop in to see you for a couple of minutes./7/ (2522) 5:50 PM - Mt. Webster said you wanted to see him -- and he is available at any time. 4idtik4 (2411) 5:53 PM - Mt. Ruser returned your call. I explained that you had a visitor and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that you would call again when you were free. (182-4515) Messages for Mr. Volcker 9:00 AM - - 1- Tuesday, February 18 )1969 W. Weatherbee's office (in reply to their customary morning call) -has been informed that you will be eating in the Secretary's Dining Room this noon. 9:25 AM - Mr. Alex Spearman of London -- a friend of Sir Maurice Parsons called to xxlmicitzt ask whether Sir Maurice had had an opportunity to speak to you about giving Mr. Spearman 10 minutes of your time. Mr. Spearman had been a Wmber of Parliament for 25 years, and he is in the U.S. for several days -- on a Parliamentary mission -- seeing Senators and Congressmen preparatory to a conference in Bermuda next month. He said he follows the economic situation in England very closely and he is trying to do this in the U.S., too. He repeated several times that unless you had had word about him from Sir Maurice Parsons he didn't want to impose on your time. I tentatively gave him 4:30 p.m. on Thursday, February 20. (He is leaving Washington Friday evening.) I told him that this would be confirmed after you had been consulted. (Confirmation or other message -- to be given to Mr. Drower, Counselor at the British Embassy -- HO 2-1340, Ext. 229) --(Mr. Spearman is staying at the Mayflower Hotel.) Is it all right to confirm 4:30 p.m. on Thursday, Feb. 20 for Mr. Spearman? YES NO REMINDER: (1) Call Mr. Fowler re his trip to Europe & how he can be helpful. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis mn Tell him message didn't reach you until he had left the bldg. February 18, 1969 - 2 Messages for Mr. Volcker REMINDERS (Cont.): (2) Call John Stark, of JEC, ait possibility of postponing Feb. 27th sident's return. hearings until after L3.)- C1.1.. 0-) .14aktheen. abiaot„C Return Til Gaines' call. 180 - 5171 A.C. 212 - 350-6638 4-'"*-- (5) Talk to Mr. Schaffner about your testimony before JEC. NOTE: 2386 John Auten is preparing briefing books for the hearing tomorrow on the domestic side for the Secy., Mr. Walker, and you. I've asked him to include a copy of the Secy's Jan. 22 gold statement. Mr. Auten is also having Messrs. Schaffner and Pascoe get together another briefing book with selected items on the international side. office 11:35 AM - Dr. Arthur Burns returned your call -- he expects to be in his for a while now. 145 - 2372 be 11:36 AM - Joseph Alsop, the columnist, called and said to tell you he would grateful if you could find a moment to speak to him on the phone. 965-1770 12:00 M - Mary Harris called and said the Secy. would like to have an 8:30 AM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis session tomorrow morning in his off ee to prepare for the JEC hearings. He'd like to have you attend an thought it would be well hearings, which she tho bring anyone you like with you. Mary ave with you whoever has been covering the t was Liebling. I promised Mary to let her know before the day was out who to expect you to bring with you. • .3 - Messages for Mr. Walker Tuesday& February 18, 1969 12:10 PM - Mr. Joss stopped by to xxx ask that you please check the Secretary's the where the Secretary talks about/interest rate statement -- page 4 ceiling. He suggested that this be compared with your lines on this same subject. NOTE: The JEC has asked that 30 copies of each statement be delivered to them 2:00 p.m. today, if possible. Mr. Joss is coordinating and will have yours delivered at the saw time the Secretary's and Mr. Walker's are I delivered. 10:25 AM - Mrs. Sally Ronk of g the Bankers Trust in NYC called. She said you had previously been asked to speak on a panel session of the ASA Conf. (American Statistical Association), which you had declined when your Treasury appointment was made. She was very anxious to talk with you personally this morning to try to persuade you to accept her invitation low QL734) N L to be the featured luncheon BE speaker at the luncheon of the ASA (about Thursday on/Wtotxxxtxxs, April 24th, at the Commodore Hotel 600-700 expected) MOO* y I.inNYC R http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - on any surOact of your choice, international, national or domestic. I suggested to her that she extend the invitation in writings outlining the details, but she asked that the message be conveyed to you as soon as possible since it was necessary that she know whether or not you will acceptxxx soon. had been consulted. I told her we would be back to her after you Your calendar for WkdAmilabw Thursday, April 24, is clear. Do you wish to accept Other (Mrs. onk - A..C. 212-692-7120) regret? Messages for Mr. Volcker -4- Tuesday: February 181 1969 Tony 4:45 PM - Mrs. Allin called to set a time for your interview of MYs./Jurich whom Mi.. Webster had talked with you about -- for one of the positions. I gave her 3:00 p.m. on Wednesdays, February 19. ON CAL. (Mrs. Allin will send his resume in before he arrives.) 5:25 PM - Page Nelson stopped by. -ca ‘ ° et4 -g 4 He wondered whether he might have a minute with you on your return from the Hill. (2884) 6:05 PM - Mr. Saunders said he and the Secy. had just returned from seeing Wilbur http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mills on the debt limit. He'd like to fill you in. Messages for Mr. Volcker - 1 - Mbonday, February 172 1969 9:00 AM - Mr. Willis received a telephone call from Bob Solomon's office Friday evening re the time for the Volcker Group meeting (10:00 a.m.) on Tuesday morning. He asked whether this could conveniently be set for 11:00 a.m0 instead, since he and Gov. Duane have a Federal Reserve Bd. board meeting which starts at 9:30 a.m. which they feel is important and which they should attend. be checked out with you. Mr. Willis suggested that this time Your calendar is clear. Is tt all right to set the V.G. meeting for 11:00 a.m. instead of 10:00 Etou.? Yes No (Mr. Willis - 5334) 9:15 AM - Mrs. Allin of Secretary Kennedy's office called. She said that she, Don Webster and/or Mr. Weatherbee would like to see you on personnel matters. ience. Her time is flexible and this can be arranged at your conven- I told her that your calendar was crowded -- today particularly but that she would be called when you are free. Should the Volcker Group meeting be shifted to 11:00 a.m. on Tuesday, would it be all right to suggest to her that this be arranged for about 9:15 a.m. tomorrow morning (Tuesday - Feb. 18)? (2471) YES NO OTHER 9:30 AM - Mr. Widman inquired as to whether you wished him to sit in on your visit http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with Ambassador Schaetzel this afternoon at 4:00 p.m.? YES NO • Messages for Mr. Volcker - 2- Monday, February lis 1969 9:35 AM - Mr. Edmund Pendleton of the law firm of Culbertson, Pendleton and Pendleton called for an appointment to pay a courtesy call on you. (His secretary said he was a personal friend.) I explained that you had just returned from Europe and that your calendar was crowded. Do you wish to see Mr. Pendleton? YES NO If yes, is it all right to confirm a tentative appointment which I had given his secretary for 3:30 p.m. on Thursday February 20? (Your cal.is clear.) Ys iloil,1%ti re449 Ill• I . t (Mrs. TUccinardi - 296-3800) 9:50 AM - Mr. Schiff stopped in to say that he needs to set up a financing meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis before Wednesday, February 19 and checked your calendar for a time when you might be free. He said he could have the group start in his office and then continue with you When you are free -- either here in in his office. Your calendar is clear after your Ambassador Schaetzel. 4:00 pan. 3312 or meeting with I tentatively gave Mr. Schiff 5:00 p.m. this afternoon -- and told him I would confirm to him after this had been cleared with you. Is it all Seto give Mr._Schiff and the financing group 5:00 p.m. this afternnon in your office? YES NO SC c per p/ 7 ( ), OTHER to. 3 ... Messages for Mr. Volcker 9:50 AM - Mr. Schiff also had another question. Monday, Feb. 17, 1969 He had checked out the matter of of a briefing book for the Secretary for the Wednesday morning hearing before the JEC, and Mr. Webster had indicated that the Secretary would not need a briefing bookamemovidommen. Mr. Schiff wondered whether would want any briefing material. f&I Ai YES NO 11:25 AM- Mr. Albright called. He had some questions on the briefing for the White House on the President's trip. He said he could discuss this with you on the phone, but would rather have a couple of minutes with you in your office if possible, when you are free. I told him you had a• foreign visitor at the moment, and he wondered whether he might just slip in when your visitor left. the visitor left. I told him that I would call when Do you wish to see Mr. Albright this morning? YES NO Or talk with him on the phone? 11:30 AM - Mr. Wallace has stopped in several times. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (5264) He is across the hall on 2551 -- and wondered whether he might have a minute with you. 12:15 PM - Mr. Schaffner called. Monday, February 17) 1969 -4- Messages for Mr. Volcker He would like to discuss the matter of your rnational monetary system) testimony before the JEX (on BofP and the inte , February 27. which is scheduled for 10:00 a.m. on Thursday his call be returned at your convenience. 1:50 PM - Tilford Gaines called from New York. He asked that (2386) He would like to take just one that his call be returned. minute to clear something with you and asked 6638) Any time tomorrow will do. (A.C. 212-3502:45 PM - meeting tomorrow. Bob Solomon called -- about the Volcker Group that his call be returned. He asked (147-238) Weatherbee, 1:30 PM - Mr. Webster stopped by and said it was necessary for him, Mr. and Mrs. Allin to see you sometime today on personnel matters. Would you ncing group want to do this at 6:00 PM? (You have Schaetzel at 4:00 and fina at 5:00) YES ;>< NO 0 appointment on Thursday 3:00 PM - Mary Harris called and said the Secy. has a 10:3 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to brief the President for the trip; she said the Secy. commented that you had better get that material in to him. Messages for Mir. Volcker - 4- Monday, Feb. 17, 1969 4:50 PM - Dick Janssen of the Wall Street Journal stopped by. He said there was some "flap" about what you had said in your press conference in Paris -whether the quotes were accurate or taken out of context -- that Mr. MacCracken had been questioned by Congress this morning about what had been said about the flexible exchange rate. (W. MacCracken testified before the JEC on the economic report this morning.) W. Janssen indicated that W. MacCracken's suggestion was to refer back to you as to what had been said. He wondered whether you would have a free minute to talk with him about this. (783-0164) 4:55 PM - Mr. Maude's secy. called and said he would like to come in to see you sometime on Wednesday afternoon, if possible. I told her you had to go up tith the Secy. to testify on the Hill that morning and might have to go back in the afternoon but tentatively suggested we try for 4:30. On cal. Mr. Widman advised. 5_105_10M - Mr. Petty returned your call. 6:00 PM - Mr. Bergsten called and would like you to call him. NOTE: When I called Mr. Nelson about the ticker item on gold, he said he'd like to speak to you on the phone when there is a chance. NOTE: Jim Ammerman stopped by today to say goodbye -- he's returning to Paris and leaving Mr. Joss in charge of Exec. Sec. NOTE: NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The Volcker Group meeting tomorrow at 10:00 will be in Treas. Conf. Rm. 4125. Is Mrs. Volcker going to be here for the black tie dinner by Mr. Goran Bundy, Econ. Counselor of the Swedish Embassy at 8:00 PM tomorrow. We accepted for you both and should call them in the morning and say only you will be able to attend -- they knew there was some chance Mrs. Volcker might not be in town and they do want you alone if she isn't here. February 7 - 14, 1969 1 Messages for Mr. Volcker Friday, February 71 1969 4:00 PM - Miss Hollis in George Kenny's office at State called re a cable from Amb. Schaetzel re appointments he wished during his visit to Washington Feb. 13 thru 17, with departure morning of 18th. He requested to see you on the 17th and I set it tentatively at 4:00 PM, assuming this would not interfere with your meetings with Mr. Kashiwagi, scheduled to start at 10:30 AM that day. 182 - 2424 Is this all right? YES NO Monday, February 10 Bonds 11:00 AM - Mr. Mayo's secy. called to say that he will speak at the Savings volunteer meeting at 9:20 AM on March 14th; he will have to leave after r 4, he speaks but will return for the luncheon. I advised both Mr. Schiff's OA 1 ‘'t - office and Glen Johnson's office. ,,. know whether you 1 111:30 AM - Prof. Aliber's secy. called and said he wanted to ' would be back from Europe and in your office this coming Friday. the 17th. I said you would not be back in your office until Monday, TUesday, February 11 rgh called. 9:45 AM - Norman Robertson of the Mellon Bank of Pittsbu http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis call when he learned you were in Europe. He cancelled the A few minutes later he called back and said he was going to be in Washington on Monday, the 17th, and was having a few people to dinner very informally at the Jocky Club cocktails at 7:00 and dinner at 7:30 or 8:00 or whenever everybody got there. He mentioned he was having Herb Stein and some people from the douncil and said he hoped that you could join them. He said it would can join them be perfectly all right to let him know whether or not you on Monday. He's coming in on Sunday night and will be staying at the Madison Hotel° Your cal. is clear. ACCEPT REGRET / - 2- Messages for Mr. Volcker February 7 - 14, 1969 Wednesday, February 12 York stopped in 10:00 AM - Sherman Adams of the First National City Bank of New to say hello. memo to the 12:00 M - One of Mr. Walker's secy's came down with a copy of your Secy. about the Volunteer Savings Bonds Meeting on March 14th, which Exec. Sec. had apparently given them for info., and said Mr. Walker wanted to attend. I assured her that the Savings Bonds people would be delighted to have him attend and called Mr. Johnson's office to let them know of Mr. Walker's interest and to suggest that it would be nice if they sent him a memo cordially inviting him to attend all 9rany parts of the meetings, especially the lunch, that he could spare the time to attend. I also asked them to keep him informed of the program, as it developed. Mr. Walker's secy. said he had also said he wished to be included in any meetings with any banker's groups that you might arrange. I passed this along to Messrs. Saunders and Schiff and their secys. NOTE: Secy. nor Mr. Mrs. Allin, in the Secy's office, informed me that neither the 13th and, Walker is able to attend the Natl. Gallery of Art mtgs. on Feb. since the Gallery does not wish to have anyone below the level of Under Secy. attend, no one from Treasury would attend o n the 13th. She also said she had the impression that the Secy., himself, would attend Natl. Gallery meetings when he could. In any event, he is not at this point delegating it. to arrange to lunch with you when 5:30 PM - Joe Slevin called and said he'd like http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you get backl sometime next week if possible. He assumes you have to eat up some of your time and it would be easier to talk while you eat than use In the office. In any event, he'd like very much to talk with you. Messages for Mr. Volcker February 7 - 14, 1969 - 3 - Wednesday, February 12 (Cont.) on Tuesday, the 18th, and Slevin (Cont.) - So far next week, you're free for lunch Thursday, the 20th (Fri. is a Govt. holiday). to let this request hang fire for a while? YES Do you just want (393-6686) vAdt- TLAA444"/ 0 NO Thursday, February 13 Financial Counselor at the 10:45 AM - Miss Rovani, secy. to Mr. George Plescoff, like to have you French Embassy, called to say that Mr. Plescoff would g for Mr. Jean attend, if you are available, a stag dinner he is givin Reyre, Chrm. of the •Banque , on Tuesday, Feb. 25th at 8:00 PM. •de Paris to their buffet You've accepted the Mutual Savings Bankers invitation at the Mayflower. reception starting at 600 (no closing time) on the 25th With respect to Mr. Plescoff's Otherwise, your calendar is clear. invitation, IS you wish to: ACCEPT REGRET a courtesy call on In addition, Mr. Plescoff would like to come to pay you sometime at your convenience. Shall I fit him in on Monday or Tuesday, February 24th or 25th? YES NO Miss Rovani - 296-1653 tCr' Friday) February 14 Chrm. Martin & Robertson 2:30 PM - Mr. Weatherbee's office said Secy. would like to have Treasury. to lunch on klui Mon. with just Secy., Walker, and you from Chrm. Martin & Robertson will attend. On cal. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker Friday, February 14, 1969 - 1 4:30 PM - Congressman Reuss' secy. called to confirm that he will be happy to see you at 5:00 PM on Tuesday, the 18th. On cal. 6:40 PM - Mr. Rendall informed me that the Secy. has agreed to see Mr. Jean http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Reyre, Chrm. of the Banque de Paris, at 4:o0 PM on Feb. 26th (you're invited by Plescoff to a dinner for Reyre on the 25th) and to see Mr. Bizot and Mr. be Doux, of the Banque Nationale de Paris at 10:00 AM on Saturday, March 1st. On cal. February - 1 Messages for Mr. Volcker 6, 1969 called and 9:30 AM - Dr. Thomas Atkinson, Deputy Director of the ABA NY Office, is in Washington today and tomorrow and would like to see you for five minutes about your replacement on an ABA Committee. I explained you were on the verge of leaving for Europe and pressed for time and asked if it could wait until you got back. He said it would be more convenient to see you amix in person than to talk about this over the phone and he thought it was worth a try to see you while he is down here. He said we could leave word for him at the Washington ABA office -- he might be out for a while. 298 - 9090 9:35 AM - Joe Brown ir called and said he is in the President's Transition Office and was calling to say congratulations. He did not want to interrupt you. He said he knew you when you were with Treasury and he was with Commerce and he meant to call before but has been so busy he let it slip -- he said to tell you he will get back to you when he can. you are free. 10:15 AM - Mr. Wallich would like to see you for a couple of minutes when 5881 NOTE: I finally found out from Mary Harris that the 4:30 PM briefing session in the Secy's Office at 4:30 PM today, which Messrs. Walker, you, Petty, Colman, Hirschtritt, and you have been invited to attend, is for the purpose of having Mr. Oakley, of CIA, describe the current CIA relations with the Office of the Secy. of Treasury and to let the top Treasury people know what contacts the CIA has around the world. You are to attend Mr. McCracken's 3:30 EPC del. mtg. and probably won't be back by 4:30. You can probably get a fill-in from Mr. Petty. 10:35 AM - Mr. Friedman, at the World Bank, called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 181 - 3665 - 2- Messages for Mr. Volcker 11:05 AM - Mr. Petty called. Thursday, February 6, 1969 He would like to see you for about 15 minutes this morning before lunch, if possible, to talk about relaxing controls. (He has a 12:30 luncheon engagement out of the building.) secretary we would call when you are free. I told his (2522) 11:10 AM - Mr. Weatherbee's office informs us that the Secretary's Dining Room is closed today because the cook is sick. 11:15 AM - Mr. Albright would like to come down and show you a CIA report -- not urgent -- FYI. 11:20 AM - Mr. Walker would like to comb down to see you when you are off the phone. 11:22 AM - Bill Dale called and said Mr. Schweitzer may be calling you and he (Dale) can give you a fill-in on what/Schweitzer will be calling about. 11:40 AM - Under Secy. State Richardso)21ed and would like you to call him. 182 - 2101 1421kS you ought to read before // 12:00 M - Mr. Widman said he has something he t http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you leave and he would like to bripg it down -- perhaps could do when he sees you about the SchaetzeI matter. t mentioned that Mr. Richardson had a call (In talking to Mr. McCameyllj in to you. He said _ Messages for Mr. Volcker 3 Thursday, Feb. 6, 1969 5:40 PM - Dr. Wallick's secretaky called to say that he was back in his office now and would like to see you when you are free. (5881) 5:45 PM - Dr. Wallick calledNto say that he will be here in Treasury until 6:20 p.m. He also said that if ydu,cant find time to see him before leaving on your trip, it won't be a catastrOphe. 5:47 PM - Mr. Hirschtritt would like to see- you alone on a personal matterxm for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis one minute tonight. NOTE: He will be in his 2rf,fice for another hour. (2803) Mr. Hirschtritt left for his home about 7:15 PM and said he could be reached there if you have a minute. (through Secy.Oper.) - 1 - Messages for Mt. Volcker 9:50 AM - Mt. Trued called from National Airport. Wednesday, February 5, 1969 He is going to be in Treasury today. Said he had spoken with you the other ask.-- and would like to poke his head in for just a minute for a wordAith you. I explained that you had a foreign visitor with you -- and subsequent meetings following each other very closely today. Do you wish to see Mt. Trued today? If so, shall we ask him to stand by in Treasury here to be called xtt when you are free? YES NO 10:25 AM - Mt. Claus Ruser of Tinder Secretary of State Elliot Richardson's staff called. He wanted to discuss a personnel matter with you. I explained that you had a very full calendar today, but that if you did have a free moment his call would be returned -- and in any event x you would get back to him at the earliest moment. Mt. Ruser's secretary asked that you be told that the matterx was urgent. 10:00 AM - (182-4515) Robert Schaetzel, U. S. Ambassador to the me4 in Brussels, called you from Brussels. I did convey to him the fact that you have an extremely tight schedule today and tried to see if I could take a message but he would like you to call him sometime today. 10:40 AM - Mr. Abraham Katz, Director of OECD, Community and Atlantic Political- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Economic Affairs at State, called and said Amb. Schaetzel had tried to reach you (apparently Schaetzel called Mt. Katz after trying to reach you) and the reason for the call is Amb. Schaetzel has to leave Brussels to come to the States to make a speech and will be leaving Brussels on either Friday or Saturday this week; before leaving Brussels, Schaetzel would like to have your permission to tell Mr. Barre, a Cmr. in the Common Market in Charge of Finance, that, if Mt. Barr happens to be in Messages for Mr. Volcker -2 - February 5, 1969 Paris the week you mmx will be there, tha t you would be interested in seeing Mr. Barre and talking to him. Amb . Schaetzel is getting anxious because he wants to convey this messag e to Mr. Barr personally, if you will permit him. Mr. Katz said Mr. Widm an knows about this. I informed Mr. McCamey about all this and he will alert Mr. Widman, who will then presumably be prepared to give you his fur ther view on this. I understand this has already been raised with you once. 11:25 AM - Lee Cohn of the Evening Sta r called. you have a free moment. He asked that his call be returned whe n (LI-3-5000, Ext. 449) 12:15 PM - Mr. Trued stopped by and, when I told him you titoomm thought your 4:00 o'clock meeting would be pretty short and you hope d to be free by 4:30 and could see him then, he said he would be up on the Hill seeing some people and might not be able to get here unt il a quarter to five but he will get her as near 4:30 as possible. He knows you have a 5:00 o'clock interdepartmental meeting. 12:20 PM - Mr. Nelson said he has som e CIA reports he'd like to bring dow n to show you if you ever have a minute. 12:30 PM - Mr. Widman said he didn't really know what to * suggest about handling the Schaetzel matter, unless you want ed to talk to Schaetzer if you can spare the time. He said you knew Sta te wants to use you as bait to get Barre to attend the OECD Ministerial Meeting. He said he would try to draft a cable if he could find the tim e and get it down to you. 3:50 PM - Mr. Saunders said to tell you he has a market report for you when you are free. 3:55 PM - Mr. Ruser at State called again and woul d like you to call him when you can. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 182 - 4515 4 Messages for Mr. Volcker _ 3_ February 5, 1969 debt limit 4:30 PM - Mr. Schiff called and would like to see you on the after your 5:00 o'clock meeting. I explained that Messrs. Albright ng and Petty haduasked to see you right after the 5:00 o'clock meeti but perhaps there would be time after they finished. Secretary would like to see you. 5:25 PM - Rose Cicala called to say that the I whether po the told her you were with the steering group and asked Secretary would like you called out. She conveyed the information to the morning. the Secretary and he said that he would see you in n with Amb.Schaetzel. 7:50 PM - Mr. Widman called to inquire whether you had spoke http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis was leaving I told him that you hadn't and he said that since Schaetzel would be Brussels about noon (Washington time), the only alternative for you to call Schaetzel in Brussels early tomorrow morning. Mr. Widman spoke, too, of sending a cable. _ 1 _ Messages for Mr. Volcker Di February 4, 1969 I5G CALLS: Mr. Auten would like to speak to you on the phone. 5914 You wanted to talk to Mr. A. J. (Joe) Warner, of Smith Barney, who called on behalf of the Financial Analysts Federation about the IET. NYC DI 4-9600, X 584 (3) Mr. Schwartz of Fed. Home Loan Bank Bd. 129 - 4157 (4) Clarence Hill of Harris Trust & Savings Bank in NYC - 425-9393 (5) Dr. David Grove of IBM - White Plains, NY - AC 914 - 756-6211 11:50 AM - We have been advised by Mr. McCracken's secretary mad that an EPC Delegation meeting has been set up for 3:30 p.m. in lite. MacCracken s s office -Room 312, EOB. (ON CAL.) 1:00 PM - Alan Holmes called. He said he will call again this afternoon. 11:45 AN - Miss Dean, of the London Economist, called you and said she would call again tomorrow about 3:00 PM our time. NOTE: Mr. Bergsten's office called for the details about the lunch tomorrow, which I gave them. Did you also invite Mr. Wallich to the lunch? (I'm trying to keep Mr. McCamey informed) YES NO 5:15 PM - Mr. Bergsten called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. (145-2784) February 2 Messages for Mr. Volcker 4, 1969 4:45 PM - Joe Slevin called and said he know yo ‘re terribly busy and were getting ready to go off on a t he would love to see you some rip me -- whenever it would be best for time when you can xx spare 'Ole old him we'd put him on the list. you -- lunch or anything. (I didn't get to talk to Mr. Kane today but will use the Slevin request as an excuse to talk to him tomorrow.) 5:15 PMMaud's secy called to say he wodld like very much to see you before about late tomorrow afternoon. you leave for London and won said you were completely bo and suggested Thursday. I She said Mr. Maud would prefer early Thursday to late, so I suggested 10:00 AM. Is this all right? 5:30 PM - Mr. Albright's office advised that Depy. Secy. Packard would not be able http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to attend the 5:00 PM Steering Group meeting tomorrow but Messrs. Warnke and Wyle would attend from Defense, as would Mr. Johnson and Springstiben, anS possibly Enders, from State. Mr. Bergsten will attend from White House. be sope material you should see in preparation J, /f for this meeting and, since, you have such a tight schedule tomorrow, he Mr. Albright says there wil is getting the material ready tonight and I have asked Mx. Morrow to pick it up from the Lieutenant of the Treasury Guard Cometime before he returns to the Madison to pick you up after the dinner. Mr. Albright also said that he and Mr. Petty would like to see you immediately following the Steering Group meeting on some related matters which would takekperhaps 45 minutes. I told him I thought that would be all right and have noted it on the calendar. Messages fof Mr. Volcker - 1 - Monday, February 3, 1969 9:15 AM - Mr. Schiff is presenting an award to Mr. Liebling this morning in his office at 10:30 AM and hoped you would be free to att end. (ON CAL.) 10:20 AM - Mr. Saunders would like to see you as soon as you are free re refunding. NOTE: Al has put you down for a haircut at 4:45 this aftern oon. They close at 5:15 so this is the latest. he can take you. 11:10 AM - Mr. Wallace said you wanted to see him and asked us to call when you were free. 12:45 PM - Mr. Auten would lik e to speak to you on the pho ne. 5914 3:15 PM - Miss Brown, Evan Mau de's secretary, called to say that Sir John SteveTswill Thursday, be making a trip to the U.S ., arriving in Washington mid -day on/March 6th, and would very much like to pay a courtesy call on you . Sir John ExStwvens now is Director of tkie Morgan Grenfell (merchant banker s) of London, and also a director of the Bank of England. (He was Evan Maude's predecessor at the Fund and the Embass y.) W. Stevens will als o be in Washington on Friday, March 7th. Your calendar for March 7th is clear. I tentatively gave him 10:00 a.m. on Fri day. (ON CAL.) 4:10 PM - Mr. McCamey in Widman's office called to say the Lever appointment for Saturday has been moved up from 11:30 to 11:15 to allow a bit more time before you meet with the Cha ncellor at 12:30. State has decided to give up the idea of a 2:15 PM mee ting with van Lennep at Sta te on Wednesday, so your luncheon for van Lennep and Ossola has been scheduled for 1:00. They are about to extend inv itations to the lunch and understand that you wish to handle personally the invitation to Mr. Wal lich; also Mr. McCamey understood that you expected to reach a decision on inv iting Mr. Bergsten today or tomorrow and that you may also wish to extend the invitation to him yourself. The lunch is at 1:00 PM in the Mount Ver non Rm. at the Madison. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis February 3, 1969 - 2- Messages for Mr. Volcker 4:15 PM - Mr. O'Bannon in the Administrative office of OASIA called and said Mr. Widman did not know whether you wanted him to get an advance of funds for the trip large enough for him to pay your hotel bills for you (he is taking funds to pay for the luncheons and dinners you're giving). The hotel bills may run in the neighborhood of 00.00. If you'd prefer to pay your own hotel bills, I can get a travel advance for you s. of $3000 which would include estimated per diem to cover other expense YES /111's )\\)\'' NO hotel bills. Or Mr. Widman can get an extra advance of $200.00 to pay your YES NO expenses. In which case, we could get another $100 advance for your other YES NO 5:45 PM - Mr. Canterella called you from C440.46: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He's not going to be in the office sometime tomorrow or WednesdayHso7ea appreciate your calling him at home after 7:00 this eveniAg/if you can. - 1 - Messages for Mt. Volcker Friday, January 31, 1969 9:05 AM - We have informed Hi*. Weatherbee's office that you will have lunch in the Secretary's Dining Room today. (Although we had made a note from the Secretary's mantimg weekly schedule that he was having a closed luncheon in at 12:30 p.m. today, the Secretary's Dining Room/1 aptarently this has been changed.) 9:20 AM - Martin Miller, of Savings/ on the phone -- he said i ds, called and would like to speak to you vas in connection with the matter that Mr. Deming talked to you about. 2219 9:45 AM - Mr. Petty called and would like, to speak to you on the phone. 10:20 AM - Mr. Widman called an4vv111ike to speak to you on the phone. 2522 2896 10:50 AM - Carl Cooke, of First Boston, called and would like to talk to you about the refunding, etc. DIGBY 4-1515, NYC 10:55 AM - Mr. Willis called and said Mr. van Lennep is coming but will not be here on Wednesday night so Mr. Willis would like to talk to you about making adjustments in the schedule. 11:00 AM - Mary Harris called and said the Secy. can see you at 2:00 PM todorrow. On cal. 11:45 AM - Mr. Robert Vastine, who Mr. Webster recommended to you as a personal asst., called for an appointment. 12:00 M - G I suggested he come somewhere between 5:30 and 6:00 this evening. He'll call before coming just to check. call. .Deane returned 3b0/ //'' 147 - 211 / 12:05 PM - Mr. Widman's office called and said Mr. McCra en's office informed them 1 the EPC delegation meeting was moved2rom 4:00 to 4:30 today. 12:15 PM - Page Nelson has some CIA materia14/e'd like to bring down to show to you. 12:25 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The secy. to Mr. Goran Bundy, E,nomic Counselor at the Swedish Embassy, called to say he wondered i. ou and Mrs. Volcker might be free on Tuesday, Feb. 18th, for a black tie dinner at 8:00 PM at their home, I explained that your family hasn't moved down January 31, 1969 - 2 - Messages for Mr. Volcker yet and asked if she thought Mr. Bundy would be interested in inviting you alone in case Mrs. Vokker weren't going to be in town. and let me know. She said she'd check You.124I. is clear on the 18th. 6- : ±1 6 0 e AA-161-1P1..4 U SCL4-4 tA, 12:30 PM - Prof. Aliber called ag,,,ie''(he's on the list of pending calls) What do you suggest? 145 PM - Governor Brimmer returned your call. h‘aLi 7u • 4,'7 -061P e&itZit- (147-213) 2:00 PM - Joe Reeve stopped by to say hello and offer his congratulations. 2:10 PM - W. Trued called from Cleveland. return call (His nuMber: 2:45 Mr/ ••• and w A.C. He said he was sorry to have missed your very much like to talk with you this afternoon. 216-861-78w) PM - Gov. Daane returned,your call. 147 - 211 3:00 PM - Roy Reierson's secy called and said he would like to have a copy of thereport on the adjustment process. 3:12 PM - Gary Schilling called. We're sending him a copy. He is anxious to talk with you this afternoon and hopes you will be able to return his call before you leave for the 4:30 p.m. at EOB --(A.Co 212-349-3262 or 3263) 4:05 PM - Kay Randall of FDIC stopped by to say hello. 4:20 PM - Gary Shilling called again. He'll be at home from 600 PM onward this evening and hopes you can call him. NOT,E: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I talked to Martin Miller and he said he understands what you are up against on time. He's going to be out of town on Tuesday afternoon and Wednesday but expects to be in his office the rest of the week and, if there is a chance for just a few moments with you before you go on your trip, fine. If not, he will survive. Messages for Mr. Volcker - 3- January 31, 1969 5:00 PM - William Simon, of Salomon Bros. & Hutzler, called and would like you to call him. NOTE: They have a direct line from Washington - 347-4651 I just realized, you brought down your passport but you didn't bring your Intl. Health Certificate showing what innoculations you have had. Buehl have it or is it at your home in - New Jersey? Does Mrs. I hope you had a smallpox revaccinationz when you went to Japan and Korea; if so, you're all right on that. I assume you also had typhoid and typhus, which are recommended as a precaution in Paris but are not required. However, I can't recall how long those last two are good for and you may need a booster. The typhoid is the more important of the two. NOTE: Mrs. Moore reported your phone was installed in your apt. today. know the phone number. Operator? She didn't Could you make a note of it so we can tell Secy's Mrs. Moore also said she wasn't satisfied with the furniture the furniture rental people put in the apartment and she is going to have some of it changed next wdek. 6:00 PM - Jean Reese said Mr. Wallace had recommended to Mr. Weatherbee that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Leibling be given an award for his work with Mr. Wallace on price stability and the Troika without telling anyone else about it. The award was slow in getting processed and by the time it got to Mr. Auten, who had known nothing about it up to that time, Mr. Wallace had already left the Treasury. Mr. Wallace will be back here next Monday, so they have arranged to have him present the Meritorious Award to Mr. Leibling in Mr. Schiff's office at 10:30 on Monday. drop by for the presentation, it would be nice. If you can Will note on your cal. Messages for Mr. Volcker - 4 - January 31, 1969 NOTE: Mr. Albright's office has arranged to have a CIA man brief Mr. Walker at http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 9:30 AM on Monday and wondered if your schedule would permit the CIA man to brief you as soon as he finishes with Mr. Walker takes 10 or 15 minutes. for 9:45 AM on Monday. they said it only I said that looked all right, so we have it down January 31, 1969 Messages for Mr. Volcker THE FOLLOWING ARE THE PENDING CALLS : (1) You wanted to talk to Mr. A. J. (Joe) Warner, of Smith Barney, who called on behalf of the Financial Analysts Federation about the IET. NYC - DI 4-9600, Ext. 584 (2) Mr. Schwartz of Fed. Home Loan Bank Bd. 129 - 4157 (3) Did you want to talk to Mr. Fiero on the phone? If so, I can try to find out where he can be reached. (4) Mr. Wilatherbee called yesterday afternoon and I don't think you ever had a chance to return his call. 5391 (5) Clarence Hill of Harris Trust & Savings Bank in NYC - 425-9393 (6) Gary Shilling of Merrill Lynch - NYC - 349-3263 (7) Frank Saul, Lehman Bros. BO 9-7300 (8) Dr. David Grove of IMB - White Plains, NY - AC 914 - 756-6211 (9) Prof. Robert Ali:1)er, of U. of Chicago. You'll recall I had gotten him on the phone last evening idle= Mr. Barr was with you and I told him you had gotten called up by the Secretary while I was processing the call. Chicago Op. 300 - Midway 3-0800, Ext. 4289 (10) We should also respond today to the following invitations: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (a) Mr. & Mrs. Juan Cameron's invitation to buffet supper this coming Sunday at 7:30 at 5121 Tilden St., N. W. (Miss Lurch - FE 7-8000 ACCEPT RIURET (b) The invitation to the Worship at the White House on Sunday next. Did you talk to Mrs. Volcker? I imagine we should let Miss Johnson know one way or the other today so she can invite someone else if youm can't attend. 145 - 2510 January 30, 1969 1 - Messages for Mr. Volcker 9:15 AM - Gene Birnbaum, who said you knew him very well, called and would like to speak to you on the . He said it would only take a minute. NYC - 974-2456 REMINDERS: (1) Return Evan Mal of yesterday. (2) Return Daniel (3) s call. 181 - 3186 147 - 301 129 - 4157 Return call from Mr. Schwartz of Fed. Home Loan Bank Bd. 9:30 AM - Mr. Willi is very anxious to speak to you on the phone before your 10:00 AM meetin 9:35 AM - Clarence Hill of Harris Trust and Savings Bank in New York called -Government bond dealers. I tried to refer him to either Mr. Sciff or Mr. Saunders -- but he said he preferred to talk with you when you have a free moment and asked that his call be returned. (A.C.212-425-9393) ,topped by. 9:40 AM - Don Webster that i Dr. W He wanted to have a quick word with you. He said u were unable to see him before your 10:00 A.M. appointment with lick that he could probably talk with you for a moment at the 11:00 appointment with the Secretary which he will also be attending. (8484) 9:45 AM - Alfred Rei4Man of the Policy Planning Council, Department of State, called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call b turned. (182-2912) Messages for Mr. Volcker 10:10 AM - 2 - January 30, 1969 Prof. Robert Aliber, of U. of Chicago, called and would like you to call him. Chicago Operator 300 - Midway 3-0800 - Ext. 4289 10:40 AM - Mr. Saunders would like a minute to give you a report on the market. --5806 12:05 PM - Merlyn Trued called and would-like to speak to you on the phone. I asked him the urgency and he said it is "sort of urgent for him." 216 - 861-7800 2:45 PM - Mr. Petty called and said Mr. Fiero just called and had gotten called Into his Secretary's office (Mr. Stans) and will be tied up there until 3:30 and has to be back at Commerce for a farewell party they are giving for him at 4:00. Mr. Petty is having the Commerce people stand by -- he isn't sure how much time you wanted to spend with them -- and would appreciate your calling him when you get back. 2522 2:47 PM - Mr. Holmes called you from NY Fed and would appreciate your returning the call. 5391 2:48 PM - Mr. Weatherbee called and would like to speak to you on the phone. 3:00 PM - Bill Dale called and said you had indicated you'd like to talk to him and might have some time around 5:30 or so this afternoon. I told Mr. Dale that looked all right and he will plan to be here then unless he hears to the contrary. 3:15 PM - Miss Ruth Johnson in the Social Office of the White House called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis said that President and Mts. Nixon would like to invite you and Mrs. Volcker to the Worship on Sunday, Feb. 2nd, at 11:00 AM, (would like guests to enter thru SW Gate and be seated by 10:45) in the East Room of the White House; Dr. Richard C. Halverson will be the speaker. If you would care to bring your children, they would be happy to have them, too. I explained that your family was still residing in New Jersey Messages for Mr. Volcker - 3- January 30, 1969 because the children are in school there. She said this is not at all a command performance and they would be glad to have you and your wholc family or you alone or you needn't come at all if it isn't convenient. All she would like to know is if anyone is coming and how many. Would you like to attend alone? 145 - 2510 or 2511 or 2512 YES NO OTHER Secondly, she said they have season's tickets to the Presidential Box for the National Symphony Concert Series and are offering these on a first come - first served basis to members of the Cabinet and to Under Secretaries. She will send you a list of the others in the series but the next is on February 4th mid* when they're giving the Betphoven Emperor Concerto with Emile Gilels as guest pianist with Mr. Mitchell conducting. The box holds 5, so if you and Mrs. Volcker would like to come and bring three guests and if you are the first to call in and say you'd like to use the tickets, you'll get them. her know if you can't use them We needn't let only if you're interested. 'You're having a dinner for Mr. Ossola on the evening of the 4th. 3:25 PM - Mr. Birrikaum called because he was about to leave for a meeting and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis hoped he might catch you. What he wants to talk to you about is someone he thinks would be a good prospect for the post of Asst. Secy. of State for Latin America, which he understands is still open and they're still seeking candidates or prospects. He understands it is an important post and a tough one and he thinks he has the name of someone who could handle it and he thought you might want to put the name in the pot. He'll call back around a quarter to 5:00 in the hope of catching you before your 5:00 o'clock appt. is)sa_tges for dr. .ile• 3:50 PM NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis "mom Fiero returned your call. (189-3C53) Fred Smith said you deedn't keep your driver after he brings you to his house -- Mr. Smith said he will drive you home. 9:30 AM - Mt. Willis called. He would like to talk with you when you have a free moment and asked that his call be returned. (5334) 9:50 AM - Mt. Petty called. He asked that his call be returned. 9:50 AM - Mts. Buehl called. She said time was getting Short and that she must talk with you this afternoon. PENDING: A.C. 212-552-6636 People who want to talk with you on the phone: (1) Mts. Buehl - 552-6636 v/(2) Wolf Schoellkopf - office: 552-3705; home: LA3) Gary Shilling of Merrill Lynch - NYC - 349-3263 (4) Mt. Schwartz of Federal Home loan Bank Board -129-4157 (5) Hans Widenmann - NYC 422-9355 - (7) :3 Dr. David Grove of DI IBM - White Plains, NY. A.C. 914 756-6211 (8) Mr. Justine Rodregius - NYC 552-7614 (9) 10:10 Boyd Evans -- to welcome you back - 5458 (10) arm Fink -- if you want to thank him_gpr his congratulations, etc. IMU-=;-2257 (11) Daniel Brill of the Fed.Board - 147-301 Wallich will be in at 10:00 a.m. tomorrow, Thursday, Jan. 30. (ON CAL.) 10:43 AM - Mr. Hirschtritt called. AbRed to come in to see you 10:45 AM - Mary arris called and said you could come in to see the Secretary at 30. (Mr. Dillon couldn't keep his appointment and since you d requested to come in as late as possible, she rescheduled you.) (ON CAL.) REMINDER: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Wednesday, January 29, 1969 - 1 - Messages for Mt. Volcker You wanted to call Paul MacCracken late this morning. Messages for Mt. Volcker no January 29, 1969 -- Wednesday C. 12:15 PM - Don Smith of Mr. Widman's office called to say that the time suggested by the Japanese Embassy for Vice Minister of Finance Kashiwagi's call on you on Monday, February 17, is 10:30 A.M. Your calendar is clear. ON CAL. (Mr. Widman will attend this meeting and is preparing a briefing paper to be submitted to you beforehand.) 12:20 PM - Mr. Widman called with the following message: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He had been talking with the staff people at CEA about how to handle the work of the Economic Policy Committee. Mt. MacCracken wonders whether you would be free to join him and Governor Brimmer at 4:00 p.m0 this afternoon for a few minutes of private, informal discussion of procedures and responsibilities for the EPC meetings of the OECD. He said that if you were not available at 4:00 p.m. today, Mr. MacCracken and Governor Brimmer will discuss the matter bilaterally, and Mr. McCracken would welcome an opportunity to discuss the subject with you, hopefully tomorrow afternoon. At 3:15 p.m. this afternoon, you have your press conference scheduled in Conference room 4426. Shall we inform Mr. Widman that you will attend the 4:00 p.m. meeting ix with Mr. MacCracken and Gov. Brimmer? s would be at EOB, Room 312) NO On Thursday, Jan. 30 you will be lunching at the IMF with Messrs. Schweitzer and Walker. If unable to meet at 4:00 p.m0 today; do you wish Mr. Widman to arrange An appointment with Mt. McCracken at a time following the IMF lunch? 3:00 pm? (You have a 5:00 p.m. appointment on Thursday afternoon with Mr. Szabo of Senator Javits' office. At present, Friday is clear -- except for 11:30 a.m. with Walter Sauer. Do you wish to explore the possibility of sx a meeting with Mt. MacC. on Friday instead? YES NO (Mr. Widman - 2896) Messages for Mr. Volcker - 3 - Wednesday, January 30, 1969 S- 7 12:45 PM - Dan Brill called. 2:15 He asked that his call be returned. (147-301) PM - Rose Cicala called to say that the Secretary, Dr. Walker, you and Don Webster have been invited by Congressman Byrnes to lunch with the Republican members of the House Ways and Means Committee at 12:15 PM, on Tuesday, February 4, in Room E-F100 at the Capitol -- entrance through the Ground Floor at the East Front of the Capitol. (ON CAL.) 2:30 PM - Bill Dale called. /:;5 PM - Evan Waude called. REMINDER: (181-3067) He asked that his call be returned. He asked that his call be returned. (181-gaig-3186) You said you may want to try to reach either Mr. Bergsten or Dr.Cooper at the Conference in Hempstead, New York. X (A.C. 516: :00 PM - Dick Janssen of the Wall Street Journal called. be returned. Phone: 922-3700) He asked that his call (783-0164) 4:00 PM - Miss Marjorie Dean, Financial Editor of the London Economist, called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis from London and said you came to lunch there a while back and she hopes you remember that you met her then. She knows it is terrible to hurry you as soon as you get into office but she would like to write a little piece saying it looks as though we have a good team in Washington on international monetary affairs and she would like a few words with you before writing same. She said they go to press tomorrow so it looks as though it will have to wait until the next edition. if I could suggest a good time for her to phone you. She wondered I told her the way things were going it was impossible to predict in advance any time when you might be available. She said she would try calling again perhaps next week and hoped I might then be able to suggest a timez. want to talk with her? YES NO Will you Messages for Mr. Volcker -4 - January AO), 1969 4:20PM - Mary Harris called and asked if you were free at 11:00 tomorrow -the Secy. would like to talk to you and Mr. Walker about some personnel matters. I told her you had some Commerce people scheduled but we'd move them. I've checked with Mr. Fiero's office and 3:00 tomorrow is all right with them -- so his appt. is moved to 3:00. On cal. 4:25 PM - Mr. Schiff said to tell you he had a call from Peter Jay, of the Washingt on office of the London Timesl yho inquired about stories that have appeared about a secret visit of Diederichs, So. African Finance Minister, to Europe. Mr. Jay wanted to get a line on whether there has been any American policy on this or any new developments. Mr. Schiff told Mr. Jay he (Schiff) had no comments but if Mr. Jay were to talk to anyone, he should talk to you. Jay called you. Mr. Schiff wanted to alert gmmtiamt you in case Mr. (See attached cable from Amemb., Pretoria, about these press reports.) 4:30 PM - Mr. Willis would like to see you. 5:00 PM - Mr. A. J. ("Joe") Warner, of Smith Barney & Co. in NYC, called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he had tried to get in touch with you before you left NY but your office there has told him you are now permanently in Washington, and he would like to see you sometime the early part of next week, if possible. He wants to ti talk about foreign portfolio investment and the 2 IET. He Is not trying to see you on behalf of his firm but on behalf of the Financial Analysts Federation . He said he used to be with Model Roland & Co. and you may remember him in that connection. He said the request to see you is a continuation of their talks with Mr. Knowlton (earlier Mr. Trued), and more recently Mr. Petty. They are about to do some work on the IET but they don't want to start without some general guidance and he said they are - 5 - Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis January 36, 1969 under some pressure to start that work soon, so he hopes to see you sometime next week. He could come any time up through Thursday morning. He also wants to make some suggestions to you about an appearance before their NY group in due course regular meetings. ••• ••• perhaps in the summer at one of their I told him you were really strapped for time but I'd present his request to you and be back to him. AC 212 - DI 4-9600, Ext. 584 Messages for Mr. Volcker - 1 - 10:00 AM - Sir Eric Roll called from New York. Tuesday, January 28, 1969 He wanted to say hello and explain to you why he was unable to keep his appointment with you yesterday. le would like to talk with you this afternoon, if possible, and can be reached on A.C. 212-586-4420 from 3:00 p.m. on. (now with Fortune) 10:15 AM - Mrs. Juan Cameron, wife of the reporter' phoned to ask if you could join them for buffet supper on this coming Sunday evening at 7:30 PM at 5121 Tilden St., N. W. 966-7563 10:30 PM - George Cruickshank, a reporter with U. S. News and World Report, called and asked if he might stop by sometime today just to meet you, mentioning that they will be covering you for the next four years and he'd like to know you. I explained your pressure for time and we'd put him on the list and hope for the best. 333-7400, Ext. 335 11:20 AM - Mr. Kane, in Treasury Information Office, called and would like you /(- o K. /7 6/co(A xj 4; 9/to call him. 5252 -Pile-de/9e/ //& C40-44 EL,0 PENDING: People who want to talk with you on the phone: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (1) Mrs. Buehl - 552-6636 (2) Wolf Schoellkopf - office: 552-3705; home: (3) Gary Shilling, of Merrill Lynch - NYC - 349-3263 (4) Mr. Schwartz of Federal Home Loan Bank Board - 129 - 4157 (5) Hans Widenmann - NYC 422-9355 (6) Frank Saul, Lehman Bros. - BO 9-3700 (7) Dr. David Grove, of IBM. White Plains, NY. (8) Mr. Justine Rodregius - NYC - 552-7614 A.C. 914 - 756-6211 PENDING: Tuesday, January 28, 1969 - 2- Messages for Mt. Volcker People who want to talk with you on the phone (9) Boyd Evans - to welcome you back - 5458 (10) Orm Fink - if you want to thank him for his congratulations, etc. 180 - 2258 PEOPLE TO FIT IN THiS AFTERNOON IF POSSIBLE: Albright -- he expects to be in his office all afternoon • before (You may want to see Mr. Petty so can be flexible. you see Mr. Albright -- Mt. Petty wanted to talk to you about Mt. Albright's memo on procedures before you talked to Mr. Albright about it.) (2) Mt. Hirschtritt 11:35 AM - Mr. Wallace stopped by to say hello. He is apparently here just briefly from Chicago and returning. 11:40 AM - Miss Dean of the "Business World" Department of the London Economist called, (from London). She will talk only with you and will try again tomorrow, Wednesday, Jan. 29, between 4:00 pm and 5:00 pm. 3:30 PM - Mr. Wallace stopped by. He would like to come in to see you when you are free. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (2551) Margaret MUehlhaus, in Chrm. Martin's office, called and said he her to let you know you and the others were invited to the III asked I. /for lunch tomorrow; she reminded him he was sc duled to lunch over here at Treasury tomorrow to discuss the financing, and he said, Oh, yes, he had forgotten -- but he still wanted her to let you know you were invited and she said she thought he just wanted to let you know that he planned to continue the traditional Wednesday luncheons at the Fed. Board. Messages for Mr. Volcker NOTE: - 3- January 281 1969 When I set up Walter Sauer's meeting with you for 11:30 on Friday, I notified Messrs. Schiff, Saunders, and Carlock, thinking they would like to sit in. I had a call today from Mr. Petty's office saying you would be getting a call from Mr. Sauer asking for an appointment and, when one was set, either Mr. Petty or Mr. Colman would like to sit in. I told her the meeting was already set for 11:30 on Friday and she said either Mr. Petty or Colman, whichever was available, would plan to attend. I hope this is agreeable to you. 4:50 PM - Daniel Brill, of the Fed. Board, called and would like to speak to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you on the phone. or 6:15. He expects to he in his office until around 6:00 If you can't call him before then, he'd appreciate a call in the morning. 147 - 301 January 27, 1969 1 Messages for Mr. Volcker when there is a chance. 9:40 AM - Ralph Hirschtritt would like to see you and said t 9:50 AM - Mr. Weatherbee stopped by 2803 ell yo he arranged with Mr. administer the oath first Walker to swear you both in togther but to to Mr. Walker and then t which Mr. Walker wi g you and then you are to respond, followin respond. Mr. Weatherbee said he'd see you just to the Secy's office before 11:00 n$ay. You're to go with your family a little bef e 11:00,onse to my eaçlier call to the local WiC 10:35 AM - Sir Eric Roll called me in resp 12:30 and said his office suggesting that he might see you aFound 7, inger at 11:30 and is to call KieS Mr. problem is that he is seeing Dr. Burns around 12:00 to see be all right, he would cal and k it may be that h he can see him. He said if it would your office after he has talked to Dr. Burns ould see Dr. Burns after lunch and see you before. to speak to you on the phone -like d woul and ed call l Bueh Mrs. 11:25 AM is about some papers you were she said the lawyer had called and it supposed to have sent. 552-6636 . sent to him with a note asking 11:45 AM - Mr. Albright called and said the Secy with a review of the that Mr. Albright discuss with you NSSM #9, dealing questions to which international situation and attaching a number of by other agencies. responses must be made -- patt by Treasury and part and sent down to you Mr. Albright said he'd have a xerox copy made during the day. but wanted to be on the list to see you sometime d like to 11:50 AM - Mr. Holmes called and woul http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 5264 to you before lunch if possible. Monday, January 27,1969 - 2 - Messages for Mr. Volcker 1:30 PM - Sir Eric Roll called to say that he was very sorry but had to cancel his appointment with you at 2:32 p.m. thid4PEEPWN plane left at 3:30 p.m. ng Room.) (Message conveyed to Mr. -Volcker in Secy's Dini like 3:25 PM - Mr.Tom Stewart, of the Associated Press, called and said he would to see you for about 30 minutes for an interview; a number of their customers in Europe are interested in who you are and what do you think about monetary matters He so Mr. Stewart would like to get some of your philosophy. downstairs. was calling from the Treasury office for newsmen, New York. 4:15 PM - Wolf Schoellkopf called from later this evening. 2658 He said he would try to reach you were free to return He left his number in the event you his call. (A.C. 212-552-3705) 5:00 PM - Mr. Petty called. t 6:00 p.m. or He wondered whether he could see you abou 6:15 p.m. for a short while this evening. Your calendar is clear. Is it 6:00 p.m.? all right to tell him you will see him at YES fnitrodiltouc NO nd that you want to see him. 5:05 PM - Mr. Hirschtritt checked in to remi He 2803 you Loan Bank Board called/but said it 5:15 PM - Mr. Schwartz of the Federal Home expects to be in his mx office until about 6:30. wasn't urgent and tomorrow would be time enough. 129 - 4157 and would like youto 4:00 PM - Gary Shilling of Merrill Lynch called call him. NY Op. 410 - 349-3262 word with you on the phone. 5:50 PM - Fred Smith called and would like a Said he was at home and would be there for a while. 5:30 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis son, Rm. PM - Allan Holmes called - he's at the Madi is 335 and Peter Sternlight then is going to the in Rm. 337. He said he'd be there until 6:00 and ABA reception. Carlock. In the meantime, he said heid talk to John Messages for Mr. Volcker - 3 January 271 1969 he is anxious to speak to you tonight -8:20 PM - Mr. Schoellkopf called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis n your meeting is over. hopes you can call him at his home whe Messages for Mr. Volcker NOTE: January 24, 1969 Orm Fink said he only wanted to congratu Washington. He said they were del e and welcome you to ted that you are here. I told him I knew you'd appreciate it and' •uld want to talk to him when you could. 180 - 2258 r/ his secy. that you wouldn't be I got the message to Mr. Newco able to appear on the forum on Feb. 13, etc. 0111.1M I also got the word to Mr. Fiero thru his secy. that you couldn't make lunch next Thursday and why but would li could be arranged. to see him if some other date His secy. called •;ck and asked about lunch on Monday, Tuesday, or Wednesday of next I said you had luncheons those days and we have a financing comin u. so the early part of the week would be bad for you -- and asked about Friday. She said Mr. Fiero will no longer be there on Friday -- apparently Thursday is his last day. She called back later and asked about some time during the day on Thurs day. I suggested earlier 12:00 but she asked if it couldn't be/±±2r, so I suggested 11:00, warning that if we had market problems we might have to defer the meeting until later. She said that would )k all right. -- I have given Dem On cal)' 1 Szabo, Spec. Asst. to Senator Javits, an appointment to see you at 5:00 PM on Thursday. 1/ Mr. Fiero's secy. called back later and said she hadn' t known before but he wishes to bring with him to see you Mr. Cadle, who will be Acting Director 1()N of the Office of Foreign Direct Investment, Mr. Wille y, Director of a Policy Division, and Mr. Rhinelander, who will be Acting Depy. Direc tor of OFDI. 10:30 AM - Mr. Gary Shilling, of Merrill Lynch called and would like you to calllim. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I told him you were in NYC today but had a pertty tight schedule. NY Op. 410 - 349-3263 Messages for Mr. Volcker -2 - January 24, 1969 2:35 PM - Walter Sauer, Acting Director of the Eximbank, called and said Mr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Carlock had called and said there had been a meeting with the Secy. and they told the Secy. it was going to be tough managing under the debt ceiling and he went down the list and it was decided the Ex-Im should contribute. This means they ought to go back into the market. He said they have been out of the market since the end of the year and had told Mr. Carlock they did not want to go back into the market until the Secy. of Treasury has had time to talk about this. Mr. Sauer said he would like to talk to you about this sometime next week -- about how and when they go into the market and for how much. I checked this out with Mr. Carlock, who said you knew about it and said he, Carlock, WRS satisfied with the way the Eximbank proposed to go into the market but Sauer won't be satisfied until he talks to you and is sure they are doing what you want. Mr. Carlock said he had already told Sauer you would be tied up with the financing through Wednesday and said he thought your talk with Sauer could wait until Thursday. up an appointment for A Sauer on Thurs Shall I set ? YES NO Actually, if you think it can wait until Friday, that would be better, as Thursday is already getting filled and Friday is completely clear. OK to wait until Friday? YES NO Vi Messages for Mr. Volcker 3- January 24, 1969 3:00 PM - Mr. K. A. Randall, Chrm. of the FDIC, stopped by to hello and said to tell you he is very happy you are here. 3:15 PM - Mr. Robert F. Kennon, of Baton Rouge, La., phoned and wanted to speak to you. Said he was a former Gov. of Louisiana and suSported Eisenhower and was on the National Cmte. of Democrats for Nixo and supported the campaign pretty heavily but were not ..pUPr.f course, to carry Louisiana. He had wanted to talk to you on a matter of an REA loan I ut said he would drop you a note when he got ck to Louisiana. I. PM - Mary Harris said thw Secy. is having• osed lunch in his Dining Rm. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on Monday with Chairman Martin, h4, elf, Mr. Walker and you only. On cal. Thursday, January 23k 1969 -1 - Messages for Mr. Volcker hello. 9:00 AM - Boyd Evans called to say 9:05 AM - Charls Walkpr c,tlind. appointments on the I told his secretary that you had t probably be reached and suggested tha ld cou ent urg if but g, nin mor s Hill thi . you before your return to the office ch rea to e lik ld wou he if k bac l she cal would like you to call him. 5252 9:15 AM - Mr. Kane called and y's Dining led to ask if you would lunch in Sec cal ice off 's bee the Wea Mr. AM 9:20 you down as lunching there and said Room today and I asked them to put had something on we didn't know we'd let them know if it developed you about. m the New York Fed. 9:30 AM - Alan Holmes called fro He said he would call again later. would like you to call him. and led cal , CEA the of r, 10:10 AM - Mr. Houthakke 103-5046 tzer d the Secy. is to lunch with Mr. Schwei sai and led cal ris Har y Mar AM 15 10: 30th, and wishes to take at the FUnd at 1:00 PM next Thursday, the Mr. Walker and you with him. NOTE: Noted on cal. call Dick Cooper last night or I'm not clear whether you were golkagtto today. would like you to call him. 10:25 AM - Hans Widenmann called and NY Op. 410 - 422-9355 l him. s., called and would like you to cal 10:50 AM - Frank Saul, at Lehman Bro A.C. 212 - BC 9-3700 IBM called. 11:15 AM - Dr. David Grove of returned. He asked that his call be A.C. 914 -- 756-6211. White Plains, N.Y. Operator 56; s Bonds Div., stopped by 11:25 AM - Glen Johnson, Natl. Director of the Saving http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis re is time. and said he'd like to see you sometime when the - 2- Messages for Mr. Volcker Thursday, January 23, 1969 11:40 AM - Herbert Fink (Inspection & Control, Customs) -- returned your call. (184-8158) 11:40 AM - Page Nelson called and said he has completed the memorandum you asked him to prepare and he and Mr. Petty would tAtk like to walk it down to you and discuss it with you. Both he and Mr. Petty are leaving at 11:45 AM for an Arthur Flemming Allard luncheon (W. Petty is a nominee for the award) and there will be a lot of speeches but they hope to be back by 2:30. NOTE: S. Mr. Joss thought you should IS that Tom Enders, who is a Foreign Service Officer who has been serving az Deputy Assistant Secretary for International Monetary Affairs at State and has attended Deming Group meetings with Asst. Secy. Anthony Solomon, tried to reach Mr. Deming several times last week and finally told Mr. Joss what he was calling about -- namely, he thought someone should draft a as saying where we are and where we are going on international monetary reform. Mr. Joss passed this on to Mr. Deming who apparently did not wish to take up the suggestion. Mr. Enders called Mr. Joss again this morning and, when Mr. Joss told him that Mr. Deming apparently did not wish to do this or to ask anyone to do it, Mr. Enders said he would talk to Gov. Daane about 12:25 PM - Mr. Webster called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2533 - Messages for Mr. Volcker 3- Thursday) Jan. 23, 1969 that 12:50 PM - Edith Baturial Mr. Barr's secretary, called with the message Secretary Kennedy had wanted tO have a meeting Saturday morning with Messrs. Fowler, Barr and Deming -- and their counterparts - Secretary Kennedy and Ntssrs. Walker and Volcker. The day and time of this meeting has naw/been changed to 2:45 PM on Monday, January 27, in the Secretary's office. MIT'. Fowler will be coning in from New York for this meeting; Mrs. Baturis was unable to say what the subject of the meeting will be. (2333) NOTE: ON CAL. Messrs. Schiff, Petty, and Willis will be here to meet with you at 3:30. If I understood correctly, you are planning to call Mbv. Duane yourself to ask him and Mt. Solomon to be here at 4:30. 1:20 PM - Orm Fink of the House Banking and Currency Minority Staff called. that his call be returned. 2:25 PM - Mt. Holmes called you. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked f180-22580 He expects to be in his office for a while. You said you had a lunch date with Mt. Fiero for next Thursday. That is the day the Secy. wants you and Mt. Walker to accompany him to lunch with Mt. Schweitzer at the Rind. Friday. You are free for lunch next week on - 4- Messages for Mr. Volcker January 23, 1969 3:15 PM - Joe Slevin called and lculd appreciate a word with you on the phone if you can spare a minute. I tried to find out what he wanted to talk to you about and he said he did have a substantive question on the B/P and he wants to write an article by tomorrow morning, so he would appreciate talking to you sometime today, if possible. too pressed for time, he will understand. 3:50 PM If you're OL 6-1461 Mr. Albright called and said there are a couple of actions on the military side that as they are moving ahead on in the context of the NSC that he wanted to make sure you were alerted to: (1) the German offset, and (2) NATO military 20 approach. He is not sure how closely you want to follow all 6f/this but, to be safe, he thinks he should talk to you sometime today. 3:55 5264 PM - Fred Smith called from his home and said he'd like to speak to you for just a second on the phone. .411 he wants to do is say hello and congratulate you. 5:30 PM - Mr. Evan Maude, U.K. Executive D irector at the Fund and Bank, and Economic Minister at the British Embassy called. you to pay a courtesy call. He asked for an appointment with Since you expect to be in New York tomorrow, and Mt. Maude will be in New York on Monday, the earliest convenient date on Tuesday. was on Tuesday, January 28th. I have given Mt. Maude 4:00 p.m./ ON CAL. 5'135 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis PM - Daniel Szabo, in Senator Javit's office has requested an appointment to see you. His secy. thought it was a personal matter that he had briefly talked to you about this afternoon in passing. I explained you would be in NY tomorrow and she said early next week would be fine. 180 - 651.4.3 Messages for Mr. Volcker 11:05 AM - Mr. Petty called. -1- Wednesday, Jan. 221 1969 5 He would like to have all) this afternoon, if possible. minutes with you early (2522) 11:45 AM - Mary Harris called and would like to know your legal voting residence 7 as soon as possible -- it is l'connectio with your appointment. She knows it may not be until after lunch and said that was all right. I assume it is New Jersey? YES No'k 11:47 AM - Mr. Champion called you. I explained your schedule and offered to get word to you if it were urgent. His secy. checked and said It was not urgent -- that he has Board meeting when you'll be available after lunch and then ha meeting, so she said she woul a 4:oo o'clock Clearing House ea11 you back after the Clearing House. I suspect this may be wheyou're in the financing group meeting starting at 4:013. Sh3iIwe get mit you out of that meeting if that happens? YES NO 12:15 PM - Gov. Daane called and would like to speak to .1unch. 12:50 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you on the phone after 147- 211 - Mary Harris called to say that you and Mr. Walker and the Secy0 are due at the White House at 3:30 and the Secy. would like you to go over with him. Mary suggested you be in Secy's office around 3:20 PM. Apparently the press conference will be at the White House at 3:30 and then the ceremony will follow, according to Mary. Mary also said the Seqy. would like you to join him in his office / at 3:00 tomorrow for a meeting with Dr. Kissinger. On cal. Messages for Mr. Volcker - 2- Wednesday, Jan. 22, 1969 12:25 PM - Jane Cullen called about the desk pen set now on your desk. She wondered one whether this/was satisfactory -or whether you had another preference. Your present set is Parker and 7th pens have the broad poi nt. faxtkicublak Do you have ano 2 er°preference for a pen set ? /YES NO If yes, is the presen broad point satisfactory? YES NO (Jane Cullen - 2300) 12:55 PM - Dr. Walker called and 14.4ou1ki like you to cal l him. 2801 2:40 PM - Mr. Wm. Carlin, of Chase, called you -- but said it wasn't urgent and not to interrupt -- it has to do with the proposed American Banker feature to be done on you. 552-4503 4:10 PM - Mr. Bennett of the American Banker called you but did not leave wor d for you to call back -- he said he'd cal l again. 4:30 PM - Herbert Johnson, of the Contin ental Bank of Chicago, called you and said he'd try again in half an hour or, if you got back before, perhaps you could call him. AC 312 - 282-4250 5:20 PM - Herbert Johnson called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he would call aga in tomorrow. Messages for Mr. Volcker 10:40 AM - Mr. Weatherbee calle call. 3:30 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -1 - January 21, 1969 ou -- said he understood you wanted him to 5391 that a meeting has been set up - Mr. Saunders' office called to say , Schiff, Snyder, Carlock with the financing people (Messrs. Saunders (Wednesday, January 22) at and Roland Cook) for tomorrow afternoon edy -- on the upcoming 4:30 p.m., in Room 4426 -- with Secretary Kenn nd. (ON CAL.) financing -- to which you are invited to atte NOTE: her The SecretaryLs 'Operator called to inquire as to whet you had gotte the message at,'the Deeley residence that Rodregius at 5:00 p.m. on 1bnda,,Kan. 20, a Mr. Justinem had called ybu and The number I ked that his call be retuned. 2 552-76141 --/Oper.236. She had no sury record of the call being returned through the Trea lines. -1- Messages for Mr. Deming 10:55 AM - Mr. Nelson stopped by. Friday, January 171 1969 He would like to talk with you over the phone some- time today about a U.K.financing problem. (2884) 12:00 Noon - MattSzymczak called to say that he had seen you on television and thought you were excellent. He also said that he is writing a letter on your behalf to the Metropolitan Club. , 5:15 PM - Duane Saunders stopped by. He would like to see you for a few minutes. (5806) 1:00 PM - Mr. Ammerman called. see him. He mentioned the fact that he thought you wanted to (2471) 2:50 PM - Bell Basher of CIA will be in within the next hour sometime -- for a 5-min. debriefing on the CIA report which you receive through Mr.Albright's office. 5:40 PM - Robert MacFadden called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I explained that you mit were still taping your oral interview and he asked that his call be returned. hisk home all evening. making it a collect call.) He expects to be at . (He suggested
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