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http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Collection: Paul A. Volcker Papers Call Number: MC279 Box 21 Preferred Citation: Telephone Messages:July-December 1971; Paul A. Volcker Papers, Box 21; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://findingaids.princeton.edu/collections/MC279/c404 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 NIanuscript 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 December 30, 1971 1 Messages for Mr. Volcker 9:30 AM - George Chittenden called, said he was in Washington for the day, will be tied up this morning but sondered if you might be free sometime midafternoon to see him He will call again later in the day when he gets free to see what your situation is. Do you wish to see him? (I told him you had picked up a bug,) YES NO REMINDERS: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (1) Call Mr, Eberle. said he was at St (I called Mr. Eberle's secy, who Croix, where they own a condominium and they also have a boat. She tried to reach him by phone at 10:15 AM this morning and was told that no member of the family was there, so she assumes they are out on the boat. She left an urgent message for him to call her but said, when they go out on the boat, they often don't return until about 7:00 PM, which is 6:00 PM our time. When Mr. Eberle phones, she will have him call you thru the Secy's operator so that he can get you if you are here or at home. For our records, his number at St. Croix is Code (2) You wanted to talk to Mr Lederer about practices re future B/P releases sometime today, Mr‘ Bennett would like to sit a in and also have Mr. Willis sit in when you talk to Mr. Lederer. When you are ready, please let me know. Messages for Mr. Volcker December 30, 1971 - 2 - 12:10 PM - Mr, Chittenden called and, when I asked what time he would be free this afternoon to come to see you, said he had finished his business and apparently wanted to come right away. I told him you had a meeting that had just started that would probably go on until you had to leave for a lunch out of the building He said he had found that most of the people hew wanted to see in Washington were either on leave or out sick, so he decided to go on back to NY and said he'd call you -- he really had nothing (special to take up -- just wanted to chat. 12:30 PM - Mr. Pannill's secy called and said he was in and free to see you if you were free. I explained you had a meeting going on and asked if Mr. Pannill would be here this afternoon; she said she wasn't sure and he wasn't sure how long he'd be here but promised to let me Rk know if he showed signs of leaving. 12:35 PM - Mr. Holmes called, really trying to reach Mr. Bennett, but said it wasn't urgent and not necessary to interrupt your meeting. He said he also would like to talk to you sometime when you're free. 2:00 PM - Gov, Daane called and would like to speak to you on the phone. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1 - December 29, 1971 10:30 AM - Dr. Kaczer called and would like you to call him. 110 - 3421 12:50 PM - John Martin of the Ways and Means Cmte, called and would http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis like to speak to you on the phone when you return from lunch. 180 - 3628 Messages for Mr. Volcker 9:10 AM - Mr. Nelson called. - 1 - Tuesday, December 28, 1971 He said he has a number of things to dis- cuss with you -- but particularly swap settlementsc (2884) He asked that his call be returned. 9:15 AM - Mr0 Bennett would like to see you -- he says he has a number of things to tell you. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Sue Steiner said Weir Brown will be arriving Washington sometime this afternoon and will be here until Thursday and would like to see you about Wilbur Mills & Co. visit to the EC, etc. Suggested 3:00 PM tomorrow, Wednesday. Messages for Mr. Volcker - 2 - December 28, 1971 12:50 PM - Mr. Meissner called and said the Japanese called this morning and gave him their delegation to San Clemente: Minister Mizuta; Mr. Hosomi; the Minister's secy, Mr. Yota; Mr. Gyohten, translator and Executive Asst. to Mr. Hosomi; Akira Kaya, First Secy of the Financial Section, under Kondo, at the Japanese Embassy here; also Minister Tanaka, of the Ministry of Intl. Trade and Industry is coming to discuss trade matters rather than financial matters, to the extent that trade matters are discussed. wondered who was coming from here. The Japanese I told Mr. Meissner that Rose had asked the White House to reserve a room for you at San Clemente on the theory that you would be going but suggested he tell the Japanese that the Secy. was away and the arrangements might not be firmed up until just before the time. 3:35 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chairman Burns' secretary called to invite you to the Fed lunch tomorrow (Wednesday, December 29). away but Gov. Robertson will host. Chairman Burns is Messrs. Bennett and Adams have accepted; Messrs. Carlock and Fiedler have been invited. Siteuel-4-Mr7--Al?ck . have another engagement, Mr. Snyder w449gl 40 e4 .14 invited. M . ledler is returning to Wash. this evening and we should have his answer in the morning. Is it all right to aucamptxtkmxERciksximmikation2x say you will attend? YES (Connie - 147-201) NO Messages for Mr. Volcker December 28, 1971 - 3 - 3:50 PM - Mr. Hennessy said the Mexican -are asking about the renewal 4 of their swap line with u (file on your desk for approval) -- 11j' oj f\dt i they're getting ous because the swap line expires Dec. 31. 4:10 PM - Mr. Cohen called you and,when I told him you had a meeting going on but offered to interrupt if it were urgent, said Rex Beach, Asst. to Ambassador Kennedy, had sent a memo over to Mr. Cohen's office on the problem of shoe imports from abroad and there is some question whether the President must act by January 15, 1972, to impose quotas or raise duties, In the absence of Mr. Petty and Mr. Pelikan, Mr, Cohen talked to Steve Canner, who is working on it and says they sent a memo to Secy. Connally about it some weeks or months ago and Mr. Canner will dig it out. We have been asked by Rex Beach for the views of the Treasury on this Mr. Cohen has asked Steve Canner to find out from Mike Bradfield whether there is a deadline of Jan. 15, 1972, for the President to act or not. If there is Mr. Cohen thinks the matter can wait until he is back next week in any event, but he wanted you alerted to the problem. He said you can call him at his home in Charlottesville if you wish to discuss with him. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Sandy says Mr. Pannill took his family on a trip somewhere in Virginia but he is expected back in the office on Thursday and she will tell him you'd like to see him. She also says all they know about Secy's plans is he will be back in the office on the 10th Messages for Mr. Volcker December 28, 1971 - 4 - 5:20 PM - Mr. Canner called and said Mike Bradfield said there was no legal necessity for the President to act on shoes by Jan. 15th, but Mr. Cohen thinks there should be some discussion with Eberle and other people in the Treasury about the problem before the next round of negotiations with the EC. NOTE: Mr. Brumley called and said you had agreed to see Rich Thomas, of Newsweek, sometime in the next couple of days and asked for a time tomorrow. I suggested 12:00 noon. 5:25 PM - Mr. Adams talked to Bob Holland at the Fed about having six http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis at lunch tomorrow (Wednesday). Mr. Holland said they could accommodate six and Roland Cook has been invited and he has accepted. According to Mr. Adams, he is going to discuss this further with Mr. Holland for future arrangements (whether to make 6, if that number accepts, a regular number)‘ ilccompanying you tomorrow would be Messrs. Bennett, Adams, Snyder, Cook and probably Fiedler Messages for Mr. Volcker - 5 - December 28, 1971 6:10 PM - Mr. Willis said, apropos the request you received from http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Congressman Ashley's asst. for material for the Ditchley Conference, Mr. Peterson had received a similar request from Senator Brock, who is appearing on the same panel with Ashley, with a deadline for material by Jan. 1st. Mr. Peterson sent the request to the Secy. and the Secy's office sent it to Mr. Willis. He has had draft something which Mr. Willis will do further work on and get to you for suggestions. The material for Brock and Ashley will need to be coordinated because they both will be addressing themselves to the same subjects, or else they'll have to split it up some way° 4 Messages for Mr. Volcker - 1 - Monday, December 27, 1971 rrow, NOTE —1) Jesse Adams has been rescheduled for 12:00 noon tomo Tuesday, December 28. know you would 2) I called Murray Seeger this morning to let him and his be unable to keep the luncheon engagement with him ing well and successor, Paul Steiger, because you weren't feel would not be in. Mr. Seeger said that he was going to be here y, would in Washington only several more days and, unfortunatel not be able to see you, However, he said he would ask Paul Steiger to call for another appointment with you. 3:40 PM - M http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Morton of American Express called from NY and said he ful was in to see you with Mr, Robinson and they were hope ally on you might be coming to NY early in January, specific ible. January 10, which you seemed to think might be feas to say I mentioned that Mr. Robinson had phoned last week hoped he would be in Europe from Jan, 10 to the 21st and would you could come the preceding week when Mr. Robinson be in NY. Mr, Morton said he and Mr. Clark would be in NY if possible on the 10th and would like to have Mr. Robinson the 10th but they are having some people there to lunch on / can be that they would like to have you meet and hope you there, I told Mr. Morton we would be back iraouch with him. 10th; NYC - 944-2000, Ext. 695 or 696. Cal. clear on the Thursday and Friday you'll be in San Clemente the preceding Miss. to a and will fly on Tues., the 11th, to Jackson, on AM the 12th. speakers dinner that evening and to speak Messages for Mr. Volcker - 2 - 5:00 PM - Mr, Adams said to tell you December 27, 1971 the Govt. securities market is firm with rates sharply improved in price today. 3 month bills -- 3.837 6 month bills 4.077 4-7/87 notes due 2/15/73 -- 100.15 (4.457) +5/32nds 67 notes of 2/15/78 -- 100.20 (5.887) +10/32nds 5:05 PM - Mrs° Charlotte Tuttle Lloyd in the General Counsel's office http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis said she took a call referred to her by Judge Pierce's office from Eileen Smith on the staff of Congressman Coughlin (R., Pa. who first started asking what people did -- resign or what when they came to Washington to take a high position; then Miss Smith specifically asked whether you had ever really resigned from Chase or if you were on leave of absence. Miss Smith indicated the Congressman had had an inquiry from a constituent along this line. Mrs. Lloyd said she would call Miss Smith and tell her you were out ill today but that you or someone from your office would call Miss Smith tomorrow about this, 180 - 6111 (I pulled attached out of the file, if it is of any help 9:00 AM - Mr. Nelson called. Wednesday, Dec. 22, 1971 1 - Messages for Mr. Volcker He is anxious to talk with you about a number of things and asked to be called when you can see him. (2884) 9:05 AM - Dr. Wallich called to say that he is setting up a meeting of business forecasters for Tuesday, January 4, at 10:00 am through to 4:30 p.m., in Room 4121. (Your calendar is clear except for a 45 min. interview at 3:00 p.m.). 9:45 AM - Mr. Petty asked to see you at 11:30 a,m. ON CAL. I told him you would be in a meeting and suggested 12:15 pm - or shortly after your return from the White House. ON CAL. 9:55 AM - Katherine Mallardi called to say that Chairman Burns would not be hosting the luncheon today - and suggested that a only staff/luncheon be arranged. Mr. Bennett's office is arranging. (Not.:I have m e inquiry-fr9m the Administrative Office concerinch in the Secretary's Dining Room No one seemed ••• OMB ow as of 10:00 a.m. whebbr the Dining Room will be open, but ill get definite word ater this morning.) 10:10 AM -The Secretary's Dining Room will be open. you will lunch there today? iOxiSmAMxxxM Shall we say YES NO (5391) 10:15 AM - Mr, Bradfield stopped by. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He would like to talk with you on the phone when you are free (8101) about the Kennedy Round. Messages for Mr. Volcker - 2 - December 22, 1971 12:15 PM - Randolph Burgess called and would like to speak to you on the phone; he is going out to lunch but will be back around 2:15 or 2:30. I said we would call him. 347-9353 12:30 PM - Secy's Operator called and said Secy's Staff for Friday has been cancelled. 1:05 PM - Govl Daane called and would like to speak to you on the phone. 1:30 PM - Peter Peterson returned your call. in the W.H.Mess Ha He is going to lunch/ now and should be back in his office about 2:15 or 2:30 pm. 2:55 PM - Mike Duval of Ron Walker's office (White House) called con- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis cerning your attending the Nixon/Brandt Summit meeting on Although Dec. 28th and 29th. Witk/the finance counterpart meetings were cancelled and the Secretary will not be attending, Mr, Duval said that on the return flight from Bermuda it had been mentioned that you might join Mr. Rogers in his counterpart meetings with the Germans taking place simultaneously with the Nixon/Brandt meetings. He asked whether you planned on attending the meetings at Key Biscayne, Fla. him you do plan on attending? YES (456-2535) NO Shall we tell - 3 - Messages for Mr. Volcker Wednesday, Dec, 22, 1971 with the message that led cal ary ret sec l's nil Pan 4:00 PM - Mr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (the Librarian of the Mr. Kaminski of Dr, Mumford's office Secretary Connally Library of Congress) had tried to reach sented to the Library of for an acceptance of a gift being pre an of the Library of Congress irm Cha as ty aci cap his in ss gre Con Trust Fund Board. telephone. e by Mr. Kaminski was taking a poll vot offered an interest The Library of Congress is being the donor wants to deduct the and y pan com g cin odu -pr oil in an by having the transaction tax ome inc his m fro ion but tri con year 0 consummated before the first of the Mr.Kaminski pointed the Secretary's behalf on out the fact that you had acted in a like matter previously, Mr. Kaminski can be reached on 182 6316) 330 1 Messages for Mr. Volcker Monday-Tuesday, Dec. 20-21,'71 10:00 AM - Kitty Colman of the Administrative Services Office called concerning the Secretary's Christmas Reception, which this year he has planned in the form of a receiving line going through his office (with refreshments in the corridor) rather than in the Treasury Cafeteria where it has been held each year in the past. She said there was the possibility of the Secretary g)ing to Texas from Bermuda; and with the reception planned for 10:00 a.m. to 12:00 noon on Wednesday, December22, be here to she asked whether you would/co-host with Judge Pierce and Mr. Betts. Your calendar is clear. Is it all right to tell Miss Coleman this is agreeable. (She has just informed me that Judge Pierce and Mr. Betts have agreed.) YES NO (Miss Coleman, 2121) 10:30 AM - Mr. Bennett would like to set up a meeting in your office on Thursday morning, Dec. 23 on "1972 Program Liberalization" (OFDIY, including Messrs. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Petty and Schaffner. (Background memo from Wm.V.Hoyt, Director OFDI is attached.) Your calendar on Thursday morning is clear. Is it all right to give Messrs. Bennett, Petty, Schaffner, and Mr, Hoyt (plus whatever staff he may bring from Commerce) 10:30 a u m.? YES Note. NO I have asked Mr. Bennett to let us know about how , long he anticipates this meeting will last. / December 20 - 21, 1971 - 2 - Messages for Mr, Volcker Tuesday, December 21 11:45 AM - Mr Gannon asked if you could attend a meeting with the President of the President's Commission on Financial Structure and Regulation at which the Cmn. will present their report -- at 11:30 AM tomorrow, Wednesday, the 22nd. Mr. Gannon will send us the papers re this. This would mean you would have to leave the Secy's Christmas reception before it was over. I asked Mr. Bennett whether it might not be better to cancel the reception; he talked to Judge Pierce, who said he thought it was too late to cancel. 1:50 PM - Rose Cicala said she had occasion to talk to the Secy. on his plane and asked him about Key Biscayne. The Secy. said that was off but San CLemente and Sato were still on the docket. Rose said she would call the White House contact and ask them to get you a room at San Clemente for the Sato visit. 1:55 PM - Ruth Finley, Mr. Robinson's secy. at American Express, called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and said you had mentioned something to Mr. Robinson about Coming to New York in January. Mr. Robinson wanted you to know the times that he will not be in New York, namely from January 10th to the 21st, when he will be in Europe. If it is at all possible, he would love to have you come up the week of January 4th - 9th for Jan. 6 - 7. The meetings with Sato are scheduled (NYC - 944-2000) Messages for Mr. Volcker - 3 - December 20 - 21, 1971 3:30 PM - Michael Bradfield would like to see you about the Kennedy Round; the Tariff Commission is planning to put out a notice saying the Kennedy Round is going to be imp lemented and Mr. Bradfield has asked them to hold up until he can check with you about the announcement, who will make, etc. 3:45 PM - David Rockefeller called and spoke with me when told you were away with the President. He said his main purpose in calling was to congratulate you on the res ults of the conference over the weekend and mh he would love to chat with you when you have a chance -- he thinks it is a gre at result, 4:30 PM - Joe Slevin called and would lik e to be on the list to see you whenever you get out from under and can see people. 6:05 PM - Mr. Gannon stopped by and said he would stop by in the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis morning and brief you a little bit for the 11:30 meeting with the President of the Cmn on Financial Structure and Regulation; he said you don't kx need to kno w a great deal about the report but, as Acting Secy., you should attend; he doesn't think it will take more than abo ut 20 minutes, It will be in the Cabinet Room. - 1 - Messages for Mr. Volcker December 17, 1971 the White House that om fr rd wo t go st ju ey th 11:30 AM - Pearl said -- you will have to be ip tr a ud rm Be e th on go you are to nday morning. at Andrews at 9:00 AM Mo osa had called and said to tell 7:30 PM - Pearl called and said Mr. Ro http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis in Rhode Island you that you can reach him, if you wish, ening. tomorrow morning until early Sunday ev AC . The number is Messages for Mr. Volcker 8:45 AM 1 - Eberle called. Friday, December 17,1971 He asked that his call be returned. (103-5114) 8:46 AM mr. Petty called. LI He asked that his call be returned. (2522) 8:47 AM -\Ale Japanese Ambassador called. be returned. He asked that his call (234-5393) 8:40 AM -L!,., . Bennett stopped by. He would like to come in to see y v for a moment. 8:50 AM razar Wilde called again. returned. He asked that his call be (He will be tied up from 9:30 a.m. to 10:30 a.m. and will leave his office at 12:15 PM.) (A.C. 203-243-8811, Ext. 261.Q) 9:05 AM -M ". Petty called from the Secretar y's Entrance on his way / to 217 thw State Dept., and left the following messages for you: 1) He will be with the Canadians at 9:00 a.m . The situa- tion doesn't look promising. 2) The Secretary will see Ferrari-Aggradi at 10:30 a.m. Rm this morning in his office at the Smithson ian,/205 on the 2nd floor, 3) He can be reached in Mr. Katz' office at State 101 -27950( 9:15 AM - Mr. Eberle's secretary called to say that he had just spoken with lila Ambassador Ushiba and he has an appo intment to see 9:25 AM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis him at the Embassy at 3:00 p.mo this afternoon. Gov ° Daane called, He asked that his call be returned . Thursday, December 16, 1971 Messages for Mr. Volcker 9:50 AM - Mr. Eberle's secretary called with the message from him that he wanted you to be aware that Mr. Hijzen (from the EC) will be attending the G-10 meeting as an Adviser to Mr. Barre; also he wanted you to know that Mr. Dahrendorf (Commissioner in the EC) will not be attending. 9:55 AM - Caspar Weinberger called. (His secretary said he had called Walker was Dr. Walker earlier and had been told that Dr. ill.) She didn't know what he wanted to talk about, but asked that his call be returned„, (395-4840) -- She said he would be going into a meeting at 10:30 a.m. 9:55 AM - Mr. Greenlee called (ext. 5621). He needs to see you es conas soon as possible for about two or three minut cerning the wearing-in of the Treasurer. 10:10 AM - Frazar Wilde called. He asked that his call be returned. developHis secretary thought he wanted to discuss "new ments" with you. He understands that your calendar is full but hope*ou will have a free moment. He will be away from his office between 10:30 a„m. and 12:30 pcm. and from 4.00 p.m0 this afternoon. (A.C. 203-243-8811 - Extention 261) 10:15 AM - Mr.Nelson called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He wanted you to know that the Spanish closed their market today - and he wa would like to talk with you on the phone before you talk with the Spanish Finance Minister in Madrid this morning. (2884) Messages for Mr. Volcker _2 10:15 AM - Message from Secretary's Operator: Thursday, December 16,1971 Staff meeting for Friday, December 17, has been cancelled. (CAL.NOTEDc) 10:40 AM - The Administrative Office has informed us that the Secy's. Dining Room is closed today. 12:00 Noon- Chuck Meissner, Japan Desk (x 2830), asked if there was possibility of appointment with the Japanese this afternoon. * 12:01 PM - Mr. Holmes, Fed., called and will call back this afternoon. 12:15 PM - The Secretary is seeing Japanese Fian ce Minister Mizuta at 4:15 p.m0 this afternoon. *NOTE http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Ambassador Ushiba had asked for an appointment with the Secretary to discuss trade issues; and Rose had told Mr. Meissner that the Secretary's schedule was full. The Ambassador is accompanying Mr. Mizuta to the 4:15 pm appointment (and Mr. Meissner thinks that possibly because of a political problem does not want to discuss trade with Mr. Mizuta present). He had asked for a separate appointment. The Japanese Cabinet is meeting tonight to discuss trade issues and what happens at the GD G-10 meeting. I told you might Mr.Meissner the only time/tkilixemak possibly see the Amb., would be sometime between 2:00 p.m. and 3:00 p.m. should you return to your office in between meetings at the Fund; that it would be awkward for the Amb. to leave the Fin.Min. after the meeting with the Secy0 for a meeting alone with you. Ivir. Meissner said he would get Mr. Petty's guidance and be back Messages for Mr. Volcker - 3 - December 16, 1971 to say that Mrs. Banuelos will 1:10 PM - Mr. Betts' office called tomorrow in 4121. be sworn in as Treasurer at 9:45 AM NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to the Japanese that ted ges sug was it d sai er Mr. Meissn front of the Minister in de tra ' will s cus dis r the Ambassado they are now cabling and ary ret Sec the h wit it during his vis be done. Mr. Meissner later said Tokyo to ask if this can s trade in front of Mizuta Amb. Ushiba did not want to discus Ministry representative and had decided to have a Finance arrange for Ushiba to see you NOTE: helpful if you could be Mr. Greenlee thinks it would be n in the morning, just present at Mrs. Banuelos' swearing-i can't be there and in case the Secy. gets hung up and as planned os thought the President administer the oath/. Mrs. Banuel Clemente and Mr. Greenlee was going to swear her in at San le and that the President had to tell her that wasn't possib ning. wanted her sworn in this Friday mor y. the hospital and Judge Pierce is awa Dr. Walker is in Mr. Cohen will attend essary, though he thinks and will administer the oath if nec it if Secy. can't. it would be better if you could do A lot d to the swearing in, of important people have been invite g and Currency Cmtes. including the members of the Bankin On cal. Messages for Mr. Volcker - 4 - Thursday, December 16, 1971 3:15 PM - Mr. Meissner had called yesterday to ask whether or not you would be free to attend a 7:30 a.m. or 8:00 a.m0 breakfast meeting hosted by Mr. Eberle (should this be arranged) at the Roger-Smith Hotel to discuss Japanese trade issues. In a follow-up call, it was learned that this breakfast was in still up/the air, depending on whether the Japanese wish to have trade negotiations this weekend. According 16411 to Mr. Eberle's office, he will arrive in New York this evening at 8:30 p.m0 when he intends to get in totrh with you, Mr. Petty and Mr. Katz to discuss this . 4:50 PM - Congressman Reuss returned your call. his office. He expects to be in I told his secretary you would be returning shortly after 5:00 p.m. NOTE: Mr. Mackour says if you have sun glasses it might be a good idea to bring them to the meetings at the Smithson iala; if it should be sunny, it becomes quite bright in the room where the meetings will be held . 4:40 PM - Mr, Meissner said he talked to Amb, Eber le's assistant, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis James McNamara, who would like a call tonight at his home after 7:15 if idlikika the Ushiba meeting with you concludes with a commitment for discussions tomorrow and, at that time, Mr. McNamara will confirm whether there is going to be a breakfast, as Mr. Eberle had suggested earlier, tomorrow. Messages for Mr.Volcker - 5 - Mr, McNamara's home phone is December 16, 1971 He said Mr. Eberle is going to call him when Eberle arrives in town. Secondly, Mr. Meissner had asked some of his contacts at State to find out what they could from their contacts about Ushi ba's desire to see the Secy. or you. They report that apparently Ushiba is coming in to get an official report on what went on in the Azores; also apparently to inform you of a Cabi net meeting taking place in Tokyo roughly at 9:00 to 10:00 PM our time (tomorrow morning Tokyo time) dealing with whether Tokyo wishes to negotiate trade matters this weekend. The State people, in talking with the Japanese Embassy, were asked what they foresaw if trade talks developed, and they said possibly some talks on Friday afternoon and some talks on Saturday. State will notify Julius Katz about this. When the Japanese decision comes through, trade State people will notify Katz whether 11 or not there will be/talks, Some rooms have been reserved at State for the trade talks to take place and we have reserved rooms at Treasury for the talks and you will need to decide where the talks are to take place -- if they do take place. 5:10 PM - Casper Weinberger called again and is anxious to talk to you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 395-4840 Messages for Mr. Volcker - 6 - December 16, 1971 6:05 PM - Mr. Bennett stopped by and said there are a couple of things you ought to know before you leave tonight, although the world won't come to an end if tlam he doesn't get to convey them to you. 6:30 PM - Leonard Ross of the New York Times called. He said he is writ- ing a story for the Times on the Azores (deadline tomorrow evening) and wpuld like a few minutes with you on the phone. He has left both his office and home numbers where he can be reached this evening. Office: AC. 212-280-5058 Home: I suggested to him that he might talk with Bill Weber - and he will try him tomorrow should you not have the time to talk with him this evening. 6:45 PM - Rose Cicala said she found that Giscard is not expected in this evening until about 8:30 PM on an American flight from NY, although if his trans-Atlantic flight runs late he may have to shift to a Shuttle and may not get here until about 9:00. Rose left word for Giscard, on arrival, to call the Secy. thru Secy's Operator at home and, if Secy. is not reachable to put the call through to you either at your office or at home. 7:05 PM - Mr. Weber called and said the Germans are holding a press http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • IM\ Messages for Mr. Volcker - 7 - December 16, 1971 conference at the Watergate -- they are now waiting for Schiller -- and Mr. Weber wants to report to you when it is over what he picks up. 7:40 PM - Rose said Ferrari-Aggradi is coming to see the Secy. at http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 10:15 AM in the morning. Messages for Mr. Volcker 8:35 AM - Gov. Daane called. -1 - Wednesday, December 15, 1971 He said he had mentioned to you last night that he would like to come in to see you sometime this morning. But if you were going to have lunch at the Fed today, perhaps you could stay a few minutes longer, or he could ride back with you. 9:10 AM - Mr. Crispi called re Mr. Ossola's appointment with you and I confirmed 11:00 a.m. this morning. 9:30 AM - Mr. Cohen stopped by. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He would like to see you sometime this morning,(since he has to be on the Hill at 12:15 p.m. and with a talk scheduled this afternoon he won't be back until 4:30 p.m.) -- about what plans to make, what to do about larly,/the negotiations with the Japanese on trade. (5363) 1111•0 particu- - 2 - Messages for Mr. Volcker 9:45 AM - Gov. Daane called. Wednesday, December 16,1971 He asked whether he might sit in on the appointment with Dr. Ossola this morning -- and mentioned, too, that he had a doctor's appointment at i2zAflxiaxmg 1:30 p.m0 and would be leaving the Fed lunch early; or, if he doesn't sit in on the Ossola m 12:30 p.m. ting, can he come in at 12:15 p.m. or (147 -211) /7 9:50 Am - Mr. Willis called to say that a tentative meeting is now 4t7eRAtf lova Acoffi4. oci&- diNG LLI scheduled for Ferrari-Aggradi with the Secretary (which you o' and Dr0 Ossola will attend) for 6:00 p.m. on Thursday, it) December 16. He is waiting for confirmation from Rose. CAL. NOTED. 10:10 AM - Mrs. Sidley of Mr. Butterfield's office called to invite you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to a meeting Mr, Butterfield has scheduled at 12:00 noon today in the Cabinet Room for a presentation by Secretary Connally on the economy for the benefit of the bipartisan Congressional leaders (to last 30 or 40 minutes)o Mrs.Sidley was unable to name the members of Congress at this time, but will supply the information when she has the names. Your calendar at 12:00 noon is clear. attend? Shall we say you will YES NO (Mrs. Sidley - 145-2106) NOTE: Mr, Melincamp of Mr. Butterfield's office called concerning Mr. Butterfield's memo to you on information on proposed foreign travel -- to ask that this be destroyed since the Secy.had been contxacted on this. NOTE: - Wednesday, December 15, 1971 3 Messages for Mr. Volcker Mr. Melincamp's note re proposed foreign travel - contd. Mr. Melincamp emphasized the fact that Mr. Butterfield didn't intend going over the Secretary's head on this matter. Politico/ 10:25 AM - Peter Sebastian of P6Ittb/Military Affairs at the State Dept0 called and asked that you be given a note as soon as possible that he wishes to say two words to you about "yesterday's piece of paper" at your convenience. (Mr. Sebastian - 632-8681) 10:40 AM - Mr. Palmby called. He is anxious to have a word with you over the telephone before 11:30 a„m. this morning, since he will be leaving his office then for the rest of the day. (111-3111) Called Mr. Palmby's secy back at 11:05 and explained you were in a bind for time and asked if Mr. M Palmby could be reached somewhere else later in the day or if anyone else could help him. She said he really didn't want to push to talk to you -- just if you could spare the time. She said she would call us back if he wanted to leave a number at which he could be reached later on. 10:45 AM - Nat Samuels called you and hopes to talk to you on the phone http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis before he leaves at noon. I told his secy. you were terribly pressed for time but we'd try. Messages for Mr. Volcker December 15, 1971 - 4 - 11:35 AM - Mr. Meissner, who handles Japan, called and said Amb. Eberle will be back Thursday night and wanted to have a breakfast at the Roger Smith at 7:00 or 8:00 AM Friday/with Treasury and State people to discuss the Japanese trade issues how they ought to negotiate, what the pitch was, and to catch up. Mr. Meissner has told Mr. Petty's office about this but thought you might want to know about it in case you wished to attend. Katz will attend for State. Jules Will note on cal. in case you wish to mil attend. 12:20 PM - Leonard Silk at the NY Times called from NY and wonders whether there is any chance you will be available for a chat on the phone this afternoon or, since he will be coming down for the G-10 meetings tomorrow night, sometime tomorrow or in Washington on Friday, thought he supposes you will be up to your ears on Friday. your ears. I said you were already up to He said if that were the case he would under- stand completely and not to worry but, if you have 4 or 5 minutes, he would appreciate a call at the Time. NYC 556-1791 12:30 PM - Mr. Eberle called you from the Embassy in Paris and would http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis like you to call him as soon as you return to your office, which he understands won't be until after lunch. He will be leaving the Embassy in an hour -- at about 1:30 our time, Messages for Mr. Volcker - 5 to have dinner at the Restaurant Lasserre December 15, 1971 phone: After dinner, he will go to his hotel - phone: 359-5343. 288-5361. 1:55 PM - Mr. Smith said to remind you that you are to call Senators Long, Sparkman, and Bennett to brief them on the meeting with Congressional leaders. 4:10 PM - Mr. Pelikan (just back from Brussels) would like to come in (for about 5 min.) to see you this afternoon/-- to talk about Europe, (5617 ) 5:35 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Cohen called. He asked that his call be returned. (5363) - 1 - Messages for Mr. Volcker December 13 - 14, 1971 Monday, December 13 10:00 AM - Austrian Ambassador Gruber requested to see you sometime this week on trade and intl. monetary matters. I gave his secy. 9:45 AM on Wednesday (she said he had an 11:00 o'clock appt. elsewhere). NOTE: I can shift to afternoon if you prefer. Mr, Carlock said he had something else on and could not take on the Savings Bonds speech on Thursday. I talked to Mr. Bennett and he asked Mr. Adams if he would do it; Mr. Adams agreed and Mr. Rustad was informed, Tuesday, December 14 9:25 AM - At Mrs. Volcker's request, I accepted the invitation to you, Mrs. Volcker, Janice and Jimmy to the White House Xmas party from 6:00 to 8:00 PM on Monday, December 20 (to Social Secy. at White House) You have agreed that evening to participate in a Brookings dinner (drinks at 6:30 and dinner at 7:00) in connection with a 4-day mtg. of North American, European, and Japanese economists on the longer-term outlook for the intl. economic system. ask (for 1:30 PM - Basil Condos of Senator Stevenson's staff called to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Senator) whether any legislation is rapired for the President to change the value of the dollar. Mr. Bradfield to call Mr. Condos (225-2854) I have asked Messages for Mr. Volcker - 2 - Monday-Tuesday, Dec.13-14,1971 Tuesday, December 14 12:45 PM - Chairman Burn's secretary called to invite you to the Fed luncheon tomorrow (Wednesday, December 15. Shall we say you will attend? YES NO (Messrs. Bennett, Adams, Snyder and Cook can attend.) NOTE: Mr. Fiedler had been asked whether he was available, but would have been unable to attend because of a noon meeting which probably will run past 1:00 p.m, Mr, Carlock has another engagement. (Katherine - 147-201) 2:00 PM - Frank Fowlkes of the National Journal - called and wanted to talk with you about the dollar devaluation. He was referred to Mr. Weber. 4:15 PM - Mr, Willis called and said Crispi says Ferrari Aggradi wants http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to see the Secy. Thursday afternoon and Crispi thinks you and Ossola should be present, Since Ossola is Chairman 3:00 PM of the Deputies and can't leave until the/meeting is over, Mr. Willis was going to try to schedule for 6:30, but, since both you and the Secy, have conflicts, he is now trying for 2:00 or 2:15. Mr, Willis sent word later that Secy, agreed tentatively to see Ferrari Aggradi at 6:00 PM; Mr. Willis will check out with Italians tomorrow and confirm. Messages for Mr. Volcker Monday-Tues.,Dec.13-14,1971 - 3 - 5:40 PM - Spanish Ambassador Arguelles called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be returned. He asked that his call He has left his residence number, and his Secretary said he could berreached there this evening until 8:00 p.m. Should you be unable to call him by then, the Ambassador will call again tomorrow afternoon. Residence phone: . -11A Messages for Mr. Volcker ON 8:35 AM - Mr. Eberle called. Friday, December 10, 1971 1 He asked that his call be returned. (395-5114) 9:20 AM - Mr. Dale called. He asked that his call be returned. (1813067) 9:25 AM t/fhe Japanese Ambassador called. returned. (234-2266) (NOTE: He asked that his call be The message was given to Mr. Volcker in Mr. Peterson's office.) 9:30 AM - Beverie called to say that the Secretary wanted to see you. I told her you were meeting in Mr. Peterson's office and asked whether he would want a note given to you there. She said to cancel the call, unless she called back. 9:35 AM - Shall we inform Mr. Betts' office that you will lunch, n the Secretary's Dining Room today? YES NO (On your calendar for lunch: OPIC Board/ OPIC Advisory Council luncheon in Jefferson Room, State Department.) 9:40 AM - Mr. Bennett said Messrs. Smith and Knorr are going to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis deliver the Federal Financing Bank bill (copy of all material attached) to Speaker Albert as soon as they can today. Then they will see if they can arrange some appoint- ments for you on the Hill. In addition, they feel it would be desirable for you to hold a press backgrounder sometime today to explain the bill, you re this on your return. Mr. Bennett would like to see Messages for Mr. Volcker - 2 - Friday, December 10,1971 10:40 AM - Miss Ullman of the Swiss Embassy called to say that Ambassador http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Schnyder would like to come in to see you for about 15 minutes on Monday (December 13) to discuss the Ministerial meetings to take place on Dec. 17-18. I told her you would be away on Monday (and also on Tuesday), and she suggested that I make several suggestions (these are times when the Ambassador is free) and call her back when you have indicated it might be a good time for him to come in. She asked about this afternoon. him about 3:00 p.m. for 15 min.? Will you be willing to see YES NO (or) -- Any time tomorrow morning (Saturday) if you plan on being in the office, he can come in then. Saturday, Dec. 11? cA YES : Time NO (or) on Wednesday, December 15? tentatively I/suggested 3:00 p.m., the Ambassador is free from 2:30 p.m. (after a luncheon he is attending)0 Is it all right to confirm 3:00 p.m. on Wednesday (should he not see you on either Friday or Saturday)? YES (Miss Ullman - HO-2-&-8- NO Messages for Mr, Volcker - 3 - 11:30 AM - Mr. Dale called again. 11:55 AM - Mr. Rail Friday, December 10, 1971 (181-3067) Palmby called to ask whether he and Howard Worthington can see you for about 15 minutes at 3:00 p.m0 this afternoon. Shall we say it is all right? YES NO OTHER (NOTE: You will be leaving about 3:45 p.m0 to address the Machine & Allied Institute Conference at the Shoreham at 4:00 p.m. this afternoon). (Mr. Palmby - 111-3111) 12:30 PM - Mr. Mosine of the NY Times called and said Robert Kleimann will be in Washington Wed., Thurs., Fri,, and Sat. , of next week and would like to see you. NYC - 556-7408 12:50 PM - Edith Baturin called and said Dr. Walker wondered if you could spare him 30 minutes tomorrow to discuss successors to Petty and Rustad and on other personnel matters. Also, Gabe Hauge is getting together with Dr, Walker at 9:30 tomorrow to discuss the Far East and subjects of your interest and he thou ght you might sit in. Edith apparently hasn't firmed up the Hauge appointment yet amixa for she said she would be back A-t 0‘ http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis when it was Id set up. MR to me Is it all right to say you'll attend the session with Hauge and will stay on after on personnel 11'matters? . YES 04°,1 I r 't NO Messages for Mr. Volcker - 4 December 10, 1971 1:15 PM - Robt. Hormats called and said he sent you a copy of a letter Prime Minister Heath sent the President prior to the Rome G-10 meeting suggestiing that you draft a reply. Mr. Hormats said he would like to get a reply to the President for signature before he leaves for the Azores. by Mr.Adams'office 1:30 PM - We have been advised/that the Independent Bankers Assoc. general officers and members of their Govt. Fiscal Policy Comte have asked to come in for their backgrounding by you on Tuesday, January 18 (instead of Wednesday, January 19, as had been scheduled). Your calendar on Tuesday, Jan. 18, is clear. CAL. NOTED. 1:45 PM - Edith Baturin has confirmed Mr. Hauge's appointment with http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Dr. Walker at 9:30 a.m. tomorrow (Saturday) in Dr. Walker's office. She said that if you were unable to be there at 9:30 a.m., Dr. Walker expects to be alone at 10:00 a.m. when he can disaass other matters with you. ON CAL. Thursday, December 9, 1971 Messages for Mr. Volcker NOTE: d The White House has called for your passport and shot recor (to be delivered to Cynthia in the Secretary's office by noon). 9:50 AM - Derek Mitchell called. I asked whether I could return his call when you were free. His secretary said she would call again. 9:55 AM - Mr. Krattli of Asst Secy. Scott's staff has asked that we keep him informed of the logistics on the Hawaiian trip. (189-5091) - Mr.Petty advised. rday on 10:05 AM - Mr. Nelson called concerning his memo to you yeste Korean gold. He said the Koreans are in again, pressing urgently for an answer. (2884) 10:40 AM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis your rs. Volcker called to remind you to call Dr. Holmes, Opthomologist. Tel.No.: DU-7-2730. Messages for Mr. Volcker NOTE: - 2 - Thursday, December 9,1971 y. The Secretary's Dining Room is closed toda (The Secretary is having a private luncheon in his office.) 11:15 PM atry Paul of Reuters called the U.S. and Japan. (2157) NOTH; concerning the talks between She asked that her call be returned. - Mr. Weber will return her call. iedler's swearing-in has been cancelled for today. ker's office at the White House called to let know that the dinner in the Azores on Monday night will be black tie. 12:10 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. „Bennett called and said he and Mr. Adams would like o see you sometime today about how many bills to put out. Messages for Mr. Volcker - 3 - December 9, 1971 /17 2:50 PM - Mrs. McCaffrey at State called to invite you to a smal l high level luncheon to be hosted by Acting Secy. of State John Irwin for Hubert Maga, the President of Dahomey (located between Ghana and Nigeria) at 1:00 PM tomorrow in the Madison Rm., 8th Floor, State. President Maga is here on a private visit, not a state visit; he had come for an IBRD loan signing which is not going to take plac e this week but for technical reasons has to be postpone d until next week and Mr. Maga can't stay for the late r signing. In addition, Mr. Maga is looking for private U. S. inve stment for his country and this is the primary purpose of his visit to the U. S. He has appointments in NY next week on this. According to Miss Jackson, who handles Dahomey, Mr. Maga is It a good luy -- he votes with us against France and on other issues" but it is by no means vital that you atte nd the luncheon. State said they were trying to keep the luncheon at a high level, since Maga is head of state. is clearc Do you wish to: Your cal. (632-3610) ACCEPT REGRET 17 3:15 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis our meeting with Messrs. Willis, Dale, Cross and Leddy has been moved to 4:00 p.m. from 3:00 pm. - ON CAL. (Needed more preparation,) Messages for *. Volcker 4:00 PM December 9, 1971 - 4 - an Hinton called and said they are scheduling another meeting, immediately following the 9:00 AM meeting tomorrow in Mr. Peterson's office, at 9:30 AM on legislative strategy on trade and investment, at which they home to have at least one senior representative from each CIEP agency; they very much hope you can attend. On cal. Mr. Petty alerted to both meetings and asked Mr. Peterson's office to clear him. 5:05 PM - Mr. Bennett wanted you to know that the Secretary has signed the Federal Financing Bank Act. The draft bill is now being reproduced and Jim Smith will take it up to the Hill in the morning. Mr. Bennett said he has told the tax people that you are available tomorrow to talk to people on the Rill, preferably in the morning, but he understands they may be tied up in the morning. In any event, the tax people are supposed to be working to line you up to talk to someone on the Hill sometime tomorrow. 6:35 PM - Mr. Cohen suggested I tell the Secy's Operator that she http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis put Mx. Dyche in touch with Mr. Petty if you are not available and, if she can't get Mt. Petty, to put him in touch with Mr. Cohen, and either Mr. Petty or Mr. Cohen will get the word to the others scheduled for Honolulu. Also, Mr. Cohen said you were talking to him about the Azores and got interrupted. If you want to talk further, you can reach him after your dinner thru the Secy's Operator. Messages for Mr.Volcker -1- ;Choellkopf called. ' 8:40 AM - 14.K Wednesday, D2cember 8, 1971 He can be reached on A,C.212-552-4372 until 11:00 a.m. this morning. 10:45 AM - Th Adminis rative Office has informed us that Edgar Fiedler I be sworn in at 2:30 p.m. tomorrow (Thursday, December 9) in Room 4121. NOTE: ON CAL. Dr. Walker will administer the oath; the Secretary is expected to attend. to you and Mr. Bennett 1:40 PM -Mr. Hoyt's secretary called with his message/that Commerce http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis has signed off on the press release; and if you or Mr, Bennett can get the 15ecretary's clearance, Comm they may be able to get\the p ess release out this evening. // being URGENT. (Mr. Bennett advised.) She noted this as - 2 - Messages for Mr. Volcker 2:50 PM - The Secuta Wednesday, December 8, 1971 Operator has informed us that staff meetings for both Thursday and Frid.y, December 9 and 10, have been cancelled, CAL. NOTED. 3:00 PM - Tom Vail of the Senate Finance Committee, called to extend an invitation to you to attend the Senate Finance Committee Adjournment P ty on Tuesday, December 14, at 5:00 p.m. in their hearing rou4/PtRoom 2221, New Senate Office Building ° All of the Commtttee (16 members) and their staffs, and the people with whom the Committee has worked with on the tax bill (including Secretary Connally, Dr. Walker, and others from Treasury) have been invited. 3:20 PM - No RSVP necessary. (CAL. NOTED.) Mr. Petty returned your call, 3:50 PM - Mr. Peter Gilsey called and would like you to call him. 298-7830 4:00 PM - Mr. Birnbaum's secy called and said he would like to see http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you possibly on Friday or, if not Friday, tomorrow or Saturday S r Monday for lunch, dinner, or whatever is convenient for you. (NYC - 552-8916) 11 Peterson returned your call. Messages for Mr. Volcker - 3 - Tuesday, December 7, 1971 1:45 PM - Bill Hoyt of Commerce called (OFDI). call be returned. He asked that his *2iiim (183-7327) 2:45 PM - Mr. Vienot, Financial Counselor to the French Embassy, and French /Executive Director at the IMF, called. He asked that his call be returned. There was no message, except that he had also tried to reach Mr. Petty (who has been on the Hill all day) - and he wanted to talk with you pers onally since he couldn't reach Mr. Petty. (477-3861) 2:50 PM - Ju, j.us Katz called and would like you to call him. 632-0396 4:00 PM/ zra Solomon called. He asked that his call be returned. (103-5046) 4:05 PM - Mtis,', Howell, secretary to Robert C. Baker, Chairman of the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Board of the American Security and Trust Company, called to extend an invitation from Mr. Baker to the stag, Black Tie, Annual dinner of the Alfalfa Club at the Statler Hilton, at 7:15 PM on Saturday, January 22. ( She said there would be a number of cocktail parties in various rooms at the hotel -about 6:30 p.m. -- but details will be provided when you have accepted.) She mentioned the fact that Mr. Baker had said you had been his guest before and was hoping you were free and could join him again this year. evening, January 22, is cleat. ) YES (Mrs,„ Howell - 624-4206) Your calendar for Saturday u wish to accept? NO _ 1 _ Messages for Mr. Volcker 9:50 AM - Mr. Suchman called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Tuesday, December 7,1971 He had gotten word through Ted Gates of on to Mr.Petty Ambassador Eberle's office (which he had passed that the Ways & who suggested that you be told right away) witnesses Means Committee is asking for Administration U.S. tomorrow, Wednesday, December 8 (at 10:30 a.m.) on y -- and they Relations with the European gommumitiasx Communit to the want the Treasury representative to address himself current state of the monetary negotiations. The panel will culture consist of representatives from Treasury, State, Agri with and the Office of the Special Trade Represertative -the each representative making an opening statement before full Committee. According to Mr. Suchman, the Ways and Means of Committee is leaving shortly to visit with the Commission in Brussels be a the European Community/and the session tomorrow would briefing for them. He didn't know who the representatives from each agency were going to be -- and is trying to find this out now through Mr. Smith. Either Mr. Suchman or Jim Smith will provide further particulars. (Mr.Suchman-2349). Messages for Mr. Volcker - 2 - Tuesday, December 7, 1971 10:15 AM - Alicia Boyd called to extend an invitation to you to lunch with her today at the San Souci at 12:00 noon. (We have informed the Administrative Office that you iw will lunch in the Secy's Dining Room today.) Do you wish to accept her invitation? YES NO Or, inform her that you have a luncheon coirunitme YES NO (223-0874) 11:00 AM - Mr. Pelikan called to ask whether he might come in to talk http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis about Japan. (5617) Messages for Mr. Volcker _ 3 _ Tuesday, December 7, 1971 1:45 PM - Bill Hoyt of Commerce called (OFDI). call be returned. He asked that his OgAm (183-7327) 2:45 PM - Mr. Vienot, Financial Counselor to the French Embassy, and French /Executive Director at the IMF, called. He asked that his call be returned. There was no message, except that he had also tried to reach Mr. Petty (who has been on the Hill all day) - and he wanted to talk with you personally since he couldn't reach Mr. Petty. (477-3861) 2:50 PM - Julius Katz called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 632-0396 Messages for Mr. Volcker Monday, December 6,1971 9:25 AM - Mr. Nelson called. He has some information he would like to pass on to lou and asked that his call be returned. 4) 10:10 AM - Hal Lary, of the NatL Bureau of Economic Research, called about the pending invitation for you to speak to the Intl. Economists Club of New York at a noon luncheon meeting in NY (attached). ,e5b V He wondered if there might be a chance of your doing this on Thursday, January 20. He understands something might come up and you might not be able to do it and wondered if you would have a good substitute if that happened. I said I thought your substitute would probably be your Deputy, Mr. Bennett. He has to get out a letter to the membership about the January meeting and would like to say that he has invited you to speak on January 20 and hopes you will be able to make it. up Mr. Bennett as a backstop? Is this all right, if I line (cal, presently clear) YES (NYC 682-3190) NO 10:25 AM - Miss Findley in James Robinson's office called and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis will be in Washington on Dec. 8th and would like to have 15 minutes with you, if possible, He could do it at 11:30 or preferably at 4:00 or 4:30 but could do it any time between 3:00 and 5:00. December 6, 1971 - 2 - Messages for Mr. Volcker Your cal. is clear a OK to (NYC 944-7653) give Mr. Robinson 3:00 PM? YES 3:00 and 3:30. -/ NO said you were at a meeting 11:05 AM - Mr. Brumley called and, when I you later; he out of the building, said he would talk to did not leave word for you to call him. d like to see you for 11:10 AM - Mr. Hennessy and Mr. Gordon woul re they prepare guidance on the upcoming OPIC meetings befo papers for the meeting. They will be talking about OPIC's new Advisory transition to private enterprise with their are taking Council and Mr. Hennessy thinks the line they is counter to what Secy. Connally would wish. Mr. Hennessy hour either and Mr. Gordon would like to see you for half an this afternoon or in the morning. I said we'd put them on the list and call them when you were free. 11:30 AM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Cohen called and would like to speak to you on rday, phone about the matter you talked about on Satu He onably is leaving at 12:15 for an early lunch but reas is a chance. urgently needs to talk to you as soon as there 5363 Messages for Mr Volcker - 3 - December 6, 1971 11:45 AM - Mr. Adams said there was a meeting this morning at the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis White House with Peter Flanigan and SBA on the Federal Financing Bank. SBA had a few objections to the bill which were not serious and Mr. Adams thinks can be ironed out. But the Post Office, on the other hand, is still trying to stay out of the Bank, and Jim Hargrove told Mr. Adams this morning that Secy. Connally and Mr. Blount had had a conversation apparently over the weekend and Blount was pleading the Post Office's case to stay out of the Bank; Mr. Hargrove indicated that Secy. Connally thought Blount's request seemed reasonable hma/xiciai but told Blount that he, Connally, would talk to you or some of his people about it. Messages for Mr. Volcker 3:00 PM - - 4 - Monday, December 6, 1971 Mr0 Springborn called about the NAC Annual Report. This on your desk for clearance before it goes on to the Secy. 5:20 PM - Hobart Rowen called and said he would like to come in to see you sometime this weeke 223-6000, Ext. 396 or 610( 4:00 PM - David Francis of the Christian Science Monitor called. He would either like to come in or talk with you on the phone about the monetary situation. (785-4400) 6:35 PM - Mr, Bennett would like to see you when you are free. 6:55 PM - Mr. Willis called and said he and Mr, Cross need to see you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tonight -- they have to call Rome tonight. Messages for Mr. Volcker 8:45 AM Gene Birnbaum called. - 1 - Friday, December 3, 1971 He is in Washington this morning and asked whether he might have several minutes on the phone with you. (He leaves for Florida early afternoon - and expects to go to Europe from Florida.) He mentioned that it might be possible at this point that he would cancel his entire European trip if the action was going to be on this side; or, if he goes as planned he wondered if there was something that he might be able to do that might be helpful since he wpuld be talking to central bankers on the other side. call again between 9:45 a.m. and 10:00 a.m. He will Shall we put his call through if you are free? YES NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis No -,Mr. McGinnis called shortly after 8:00 a.m0 this morning and also stopped by (in answer to your request of last night that he get in touch with you). Friday, December 3,1971 - 2 - Messages for Mr. Volcker for about a half an hour with you 9:45 AM - Mr. Willis called to ask this afternoon ignments of last /for him and Sam Cross to follow up on ass night. I gave them 2:30 p.m. ON CAL. would like to lunch 9:45 AM - Mr. Betts' office called to ask if you in Secy's Dining Rm. today. Cal. clear. YES NO 10:05 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Eberle's secretary called. She had had a call from ered the hospital Mr. Eberle from New York where he Is ent t). THese tests for tests (he expects to be released tonigh number of calls to start at 11:45 a.m. and she said he has a you first. place; however, he needed to talk with . phone number in New York -- A.C. 212-579-4241 His tele- Messages for Mk. Volcker - 3 December 3, 1971 10:25 AM - Edward Bernstein called and said he would like to talk to you on the phone at least about the Rome meeting -- he has to write about it this afternoon and thinks he ought to write intelligently because it does not help to have U. S. people writing the wrong thing. 296-2262 10:30 AM - W. Bennett called from Boca Raton and said he needs to talk to you at some point before he talk s to the U. S. Canadian Group in Palm Beach in the morn ing, because something of what_ he says may leak and he wants to be sure what kind of poison you want him to put out. He said he would be leaving shortly to go to Palm Beach and he will phone us from there when he arrives. NWTE: Mrs. Volcker said to accept the invitation to the Symphony Ball tonight. It is at 8:30 PM in the Regency Rm. of the Shoreham, includes dinner and dancing and entertainment sponsored by the Italian Embassy. It is white tie but Mr. Gilsey said black tie would be perfectly all right. Morrises will be at his table. He said She Daanes and Frank He will have the tickets but suggested you just come to the Regency Room and find him. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Jerry Newman thinks you will be involved in the meeting with Trudeau next Monday at the White House and suggested we hold 4:00 to 6:00 for this purpose. He is preparing briefing books. - 4 - Messages forMr. Volcker Friday, December 3,1971 3:00h41 - Mr. Bennett called his office with the information as to where until 6:30 pm /. He would like afternoon this reached be can he in Palma Beach A.C. 305-TEMPLE-3-5761, Room 222-H. to talk with you. After 6:30 p.m. he will be attending the reception and dinner by the British-North American Corporation at the Palm Beach / Tower (A.C.305-TEMPLE-3-5761). 3:30 PM \I Ed Cohn called. He asked that his call be returned. (5363) 4:00 PM -Gov. Daane called. NOTE: He asked that his call be returned. Mr. Dale has arranged, on a loose basis, for you to meet, if you can, with the LDC ED's at 5:00 today. Do you think you will be able to make it? 4:20 PM - Mr. Peterson's secntary called with the message that the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Japanese Ambassador and Ambassador Eberle are meeting with Mr. Peterson in his office, Room 130, EOB on Monday, /December l‘; she said you were acquainted with the substance of the meeting. She asked whether you would attend or designat someone else to attend. (Note: Your calendar at 11:00 a.m0 is clear. You have been invited to a noon reception and 12:30 pm •Kaemptiom luncheon by the Govt. Relations Council of the 4j American Bankers Association, in the Dolley Madison Ballroom, Madison Hotel.) (1) Shall we say you will attend Mr.Peterson's meeting? YES NO (or) Designate (2) Do you wish to accept the luncheon invitation? YES NO Messages for Mr. Volcker - 5 - 5:40 PM - Dr. Burns returned your call. Friday, December 3, 1971 He will be leaving his office at about 5:50 p.m0 and will be at home about 6:00 p.m. His home phone: 333-1636 5:25 PM - Mr. van Battenberg, who works with Mr. Gordon on OPIC, called and said OPIC has asked the following: (1) Would it be all right if OPIC tapes your talk to put into the OPIC archives? YES NO (2) Would you be willing to take questions after your talk and, if so, for how long? YES NO HOW LONG 5:35 PM - Mr, Leonard Dixon stopped by and said he and Messrs. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Petty and Brumley looked at the old red brick Smithsonian castle (on the South side of the Mall west of another red brick Smithsonian building which houses the air museum), and they thought it looked all right for the Ministerial meetings -- Mr Brumley thought he could control the press. Mr. Dixon has arranged to have the Secy. look at the Smithsonian Castle tomorrow morning; Mr. Dixon will arrive there at 9:30 and the Secy. will arrive sometime between 4 NiL - 6 - Messages for Mr. Volcker 9:30 and 10:00 AM. December 3, 1971 Mr, Dixon hopes you can be there too to look at the building. 5:45 PM a meeting Mr. Pannill stopped by and said he has a memo re Monday with the President that the Secy. has to attend on and Mr. Pannill needs to see you about this. NOTE: His secretary called to say that he would be leaving Treasury about 6:45 p.m. and will reach his home about 7:15 p.m. He asked that you call him there. Home phone: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ( Messages for Mr.Volcker - 1 - November 29 - Dec. 2, 1971 Tuesday, November 30 12:35 PM - John Karlik called and said Cong. Reuss wanted a copy of the position paper that you presented in Rome. I told him I did not have anything of that nature and knew of no one who had -- at least in Washington -but suggested he might talk to Mr. Petty, if he wished. I alerted Mr. Petty to what had transpired. Frank Clifford of FNMA called. He said he was having some difficulty with getting the Board together for thRix its scheduled meeting on December 28th and was taking a rollcall for shifting this meeting to Tuesdqs December 21. I told him your calendar was presently clear, excepting for priorities which may arise in connection with the scheduled Presidential meetings. He said he had a large question mark alongside your time; and, too, the Dec. 21 date was ceou F very tentative. CAL. NOTED ° 4:50 PM - Peter Gilsey of Loomis Sales called. He said it was a personal matter and he would get in touch with Mrs.Volckere 1:00 PM - Secy's Operator called and said there would be Secy's http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Staff on Friday morning. • Messages for Mr. Volcker - 2 - November 29 - Dec. 2, 1971 Wednesday, December 1 2:40 PM - Mrs, Nancy Sellar called and said she had been asked to interview you on Deco 14th tilE in connection with the Columbia Univ. American Leadership Project. She said there were so many people to be interviewed in Washington that the University engaged some people living in Washington who had experience and who knew their way around. Mrs. Sellar is a Radcliffe graduate, about ten years ago, and majored in English. She worked for a couple of years in a Congressman's office but mostly has worked with the Office of Economic Opportunity. She said she would stop by tomorrow to pick up some copies of your speeches and would leave two booklets for you to fill out before she interviews you. Thursday, December 2 12:20 PM - Joe Slevin called and would like to see you if there is a chance. He has just gotten back from Europe. ME 8-2844 3:15 PM - Congressman Mahon called you; said no one else could help him and he would talk to you later. He did not ask you to call him, but his number is 180 - 4005. 4:30 PM - Mrs http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Volcker said Peter Gilsey called her to invite you both to the "Little Ball" in the Regency Room at the Shoreham at 8:30 tomorrow (Friday) night. She asked us to check this - 3 - Messages for Mr. Volcker November 29 - Dec. 2, 1971 Thursday, December 2 (Cont.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis out with you and let Mr. Gilsey know at his office whether or not you can attend. She assumes it is black tie. Your cal. is clear. ACCEPT REGRET Messages for Mr. Volcker Friday, November 26, 1971 1 - be 10:15 AM - Mr. Petty called from New York. He asked that his call Secy's. returned. (Note: The/Operator has his phone no. in NY.) 10:20 AM - Mr. Roosa's secy. called and said he had asked her to find out where Mr. Martin would be today and let you know. She checked and said Mr. Martin will be in his office in Washington from 10:30 AM on today. His phone is 624-2530. 10:25 AM - Dean Hinton called and would like you to call him. 145 - 2923 Secretary Palmby 11:30 AM - Mr. Cohen called to let you know that Assistant had decided not to go on the trip tomorrow but will send Mr. Worthington in his place. Both are coming in to see MrQ Cohen at 2:30 p.m. today. NOTE: - The Secretary is having a private luncheon today in the Dining Room. 12:10 PM - Mr. Trued called and would like you to call him. 128 - 7235 would like you 3:15 PM - Under Secy. of Commerce James Lynn called & to call him. 189 - 4625 3:45 PM - Gov, Daane called & would like you toE call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker 1 - Wednesday, November 24, 1971 9:20 AM - Frazar Wilde called from Hartford, Conn. call be returned. noon.) He asked that his (He ex ects to be in his office until A.C. 203-243 i411 10:00 AM - Katharine called to say that Chairman Burns is having lunch therefore with the President today and/will not be hosting the Fed lunch today; Governor Robertson will host instead. She is asking, whether with this change, you will still attend the Fed lunch today. (Oray others attending from Treasury will will Messrs. Bennett, Adams, and Cook; others not available.) YES NO 10:40 AM - Mr. Petty called0 H aged that his call be returned. (2522) 11:35 AM - Sam Cross said to tell you that word is coming out of Europe that the Deputies meeting is set for 3:15 on Monday, which he assumes is what you agreed with Ossola. 11:50 AM - Gov. Daane called and would like you to call him. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Bennett would like to see you about the FFB before you leave for lunch. He has had to cancel out on the Fed lunch because the only plane he could get on to get to Texa s leaves Dulles at 1:55„ Ito He has a ticket to return to Washington on Thurs0 night, if needed; otherwise, he will retu rn on Sun,, night. Messages for Mr. Volcker - 2 - November 24, 1971 12:35 PM - Secy's Operator called and said there will be Staff Mtg. on Friday morning. 12:37 PM - Mr. Prussia of the Bank of America called from San Francisco http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and wanted to talk to you about two things: (1) A tax matter regarding the contribution of capital on tax exempt underwritin• g syndicates. He said he would talk to anyone you suggested on this. I asked Mr. Bennett if it would be better to have Mr Adams handle this rather than a tax man; Mr. Bennett agreed, so I have asked Mr. Adams to call Mr. Prussia about this. (2) With respect to your considerin• g one or two speaking engements ga on the West Coast in January. He re ally wanted to talk to you personally (and still does) to 'twist your arm" but I elicited the following. The Bank of American each year has two Management Conferences for all their branch managers -- about 1,000 people -plus their administrative officers -- all told, a total of about 1,500 people. One will be in San Francisco on Jan. 13 and one in Los Angeles on Jan. 20. He evidently would like to have you speak at one or both of these conferences. A.C. 415 - 622-2689 His phone in San Francisco is Messages for Mr. Volcker - 3 - November 24, 1971 1:05 PM - Mr. Dixon called and said Mr. Palmby, Asst. Secy. of Agriculture for Intl. Affairs, who was scheduled to go to Rome, cannot make the trip because he has to be here to try to get Mr. Butz nominated and cleared. Mr. Worth- ington is in the air on his way back to the U. S. now and Mr. Palmby is going to suggest Mr. Worthington go on the trip to Rome in his stead. Mr. Dixon suggested that Mr. Palmby ask you if this is agreeable and he was calling to alert us that Mr. Palmby may be calling you. I asked Sam Cross about this; he said Mr. Worthington is a staff man, a Civil Service type, very competent and good, but he obviously does not have the standing that Mr. Palmby does. Mr. Cross felt that only you and the Secy. would know the extent to which you expect to get into the agricultural matters and whether or not you would need to have Mr. Worthington accompany you. 3:05 PM - Mr° Pelikan is staying at the Intercontinental Hotel, Rm. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 307, in Geneva. He is very tired and will only be up about another hour -- he flew in overnight and went right into meetings. Therefore, if you can't call him within an hour, he would appreciate if you would call him as early tomorrow as possible. He will be in meetings tomorrow, and the phone number of the ;U. S. Mission at GATT is 31-80-00. Messages for Mr. Volcker - 4 - November 24, 1971 Mr. Pelikan is staying at the Intercontinental Hotel in Geneva and the phone there is 34-60-91, Rm. 307, If you would prefer that Mr. Pelikan call you tomorrow, would it be all right for him to phone you at your home at sometime between 9:00 and 10:00 AM tomorrow our time? YES /4 NO Mr. Pelikan does need to talk to you before COB tomorrow Geneva time. 3:15 PM - Asst0 Secy of Agriculture Palmby called. His secretary said he had had a call from Mr. Petty and this has to do with Mr. Palmby's going to Rome. He asked that his call be returned. (111-3111) f114:35 FM - On your call to Dr. Ossola: He is expected to arrive Orly, Paris at 10:45 p.m0 this evening and will check into the Hilton Hotel at Orly. The Treasury Operator is leaving word at the Hilton for Dr. Ossola to call you on arrival. (She will call the Hilton again after timitAitmxisxaxpaxtEdx 6:00 p.m. Washington time)tomaillitekxismxklut NOTE: Dr. OssolacJill leave Paris on Thursday morning in time to take a 8:55 a.m0 flight to Rome where he arrives at 10:35 a,m. 3:40 PM - Mr. Roosa called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he wanted about 90 seconds with you. I explained you had a foreign visitor and the press waiting -- and he hoped you might return his call shortly after 4:00 p.m. 483-1818 Messages for Mr. Volcker 5 - November 24, 1971 4:10 PM - Mr.Ed Feidler called and would like yo u to call him. 254-3230 4:25 PM - Mr. Dixon's secretary called to invite you to attend a movie http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to be shown in the projection Room 2334 tonight from 5:30 p.m. to 7:30 p.m., entitled "The Civilization of Rome." This is being shown to all Treasury people making the trip to Rome. The Secretary and Mrs. Connally are attending° Shall we say you will attend? YES NO She also said that there were two ways to get your luggage on the Secretary's plane before take-off on Saturday morning: 1) To bring it in on Friday and turn it over to Mr. Dixon, who will get it out to Andrews; 2) If you prefer to dmxitxyoux have Mr. Morrow take care of on Saturday, the luggage will have to be at Andrews ABF by 7:15 a.m.; the passengers will embark at 8:15 a.m. for 9:00 a.m. departure. Shall we inform her, you will bring your luggage in on Friday? YES NO Mr.Morrow will deliver to Andrews AFB by 7:15 a.m. on Saturday morning? YES (Gaylen Roberts - 5607) NO Messages for Mr. Volcker 5:20 PM - Peter Peterson called. - 6 - Wednesday, November 24, 1971 He asked that his call be returned. 5:20 PM - Mr. Dixon stopped by and said Mr. Palmby called him five minutes ago and said he is going on the trip to Rome afte r all I assume this takes care of Mr. Palmby's call to you. 5:22 PM - Mr. Roosa called and said he had a good talk with you earlier and one point that he should have asked about was whet her you thought, in the present setting, everything taken into account, it would make any sense for him to try to say directly to the Secy. what he said to you -- whether it would be help ful, Mr. Roosa said he will be taking Friday off and will be at hom( all day and can be reached there, AC 914 -967-7646 5:50 PM - Mr. Malkin of Time Magaine called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he was unable to just attend your press briefing earlier today -- had/tried to reach both Mr. Weber and Mr. Brumley. He wondered whether you would have a minute to talk with him now to fill him in and answer some questions -- otherwise he will see you in Rome. (293-4300) - 1 - MEssages for Mr. Volcker 9:15 AM - Mr. Samuels called. Tuesday, Nov.23, 1971 He asked that his call be returned. (101-20410) 9:25 AM - Gov. Daane called to remind you that you would let him know when you and Dr. Ossola had returned from the visit with the Secretary. 9:45 AM - Calendar notes from Mrs. Volcker: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (1) Saturday, December 4 - 7:30 PM: Mr. and Mrs. Volcker to have dinner with the Daniel Brills.-- (Accepted by Mrs. Volcker) (2) -- ON CAL. Saturday, December 11- 7:15 PHI. Mr. and Mrs. Volcker to have dinner with the John Carlocks. --(Accepted by Mrs. Volcker) -(3) ON CAL. Sunday, December 12 - 5:00 PM to 8:00 PM -- Mr. and Mrs. Volcker to attend Open House by the Dick Jansens (Wall Street Journal). (4) (Accepted by Mrs. Volcker) -- ON CAL. Mrs. Volcker has also received an invitation from the informal Motion Picture Association to a 7:30 p.m./buffet and motion picture screening at 1600 I Street on Thursday, December 16. (RSVP - Mrs. France - PHONE - 295-1966) -- ON YOUR CALENDAR: You have agreed to be the principal speaker at the U.S.Savings Bonds seminar of the Woodrow Wilson School of Public Intl. Affairs, at Princeton, (continued/2) Tuesday, November 23, 1971 - 2 - Messages for Mr. Volcker - (Motion Picture Assoc. invitation) University, Princeton, N.J. This is a luncheon engagement from at Princeton. of 12:00 noon until 2:00 p.m./ Is it all right to accept the 7:30 p.m. buffet and motion picture screw-ling invitation for that evening? YES NO 10:15 PM -Marty Miller stopped by. He though you would be interested in hearing that Mr. and Mrs. McNaughton (he has just accepted the chairmanship of the U.S. Industrial Payroll Savings Bonds Cmte. another couple and two pilots caashed in their plane over the weekend in Rhode Island. Mr. McNaughton was bruised - with several broken ribs; Mrs. McNaughton is in the hospital and expected to recover. Mr. Miller said that Mr. McNaughton is expected to recoveiPithout any serious consequences and may be back at his work by next week. (There was a fatality; the wife of Mr. McNaughton's associate.) 11:00 AM - Mr. Pannill would like to see you for two minutes when you are free. 11:15 AM - Mr. Webbr says they are getting some inquiries about your http://fraser.stlouisfed.org/ -Federal Reserve Bank of St. Louis meeting with Ossola this morning and he wonders what sort of response you suggest be made. _ 3 _ Messages for Mr. Volcker November 23, 1971 11:45 AM - Katherine in Chrm. Burns' office called to invite the financing group to lunch there tomorrow. clear. Your cal. is Do you wish to lunch at the Fed tomorrow? YES V) NO 11:50 AM - Rose Cicala called and said: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (1) Sue Steiner had called and said the new EC representative in Washington, Amb. Mazio, wanted to pay a courtesy call on the Secy. before the Secy. left for Rome. Rose would like your advice as to whether this is necessary. Sue told me she had not thought the Secy. should spend the time to see Mazio but Mazio had phoned State and said he was very anxious to pay his courtesy call on the Secy. before he leaves for Rome. Because of this and the fact that Mazio is Italian, she put the request to Rose. (2) Rose had a call from the German Embassy yesterday saying that Amb. Pauls would like to visit with the Secy. for 15 minutes on the intl. monetary crisis before the Secy. leaves for Rome. Rose would also like your advice as to what to do about this request. Messages for Mr. Volcker - 4 - November 23, 1971 12:00 M - Spanish Ambassador Arguelles phoned you and talked to me. He said he was calling to find out if you had any news about Secy. Connally's trip. I told him I understood there had been word from the Spanish Govt. to the effect that there were so many Americans visiting Spain, including Amb. Kennedy, at this time that the Spanish Govt. would just as soon have Secy. Connally postpone his visit to The Amb. would still like to talk with you MID NM said he would be out of his office this afternoon until 5:00 and would appreciate your calling him after 5:00. I checked with Mr. Willis because I had heard that the Secy. might want to take a rest stop in Spain on the way back but Mr. Willis said he thought that had been dropped because ghrm. Burns needed to get back and also the Secy. seems anxious to get back promptly, so the present plan is to return on Dec. 2nd. Mr. Willis said the Ambassador may want to ask you or someone else to stop by in Spain amxtim after the Rome meetings to let the Spaniards know what had happened. 2:15 PM - Mr. Pannill Stopped by. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis have returned. (2473) (CO 5-0190) when you He asked that we call him Messages for Mr. Volcker - 5 November 23, 1971 3:50 PM - Mr. Samuels called again and would like to speak with you. 101 - 20410 4:45 PM - Mr. Nelson called to ask whether"we had guidance on swap line renewal." p:00 PM - Susan Steiner called and said the Secy. is seeing German Ambassador Pauls at 3:30 tomorrow and the new EC representative to Washingto9., Amb. Mazio at 3:15 on Friday. Her question was whether you would sit in on these meetings and , secondly, whether you think she or someone should attend to take notes. She would appreciate your guidance. 6:10 PM - Mr. Hart of the Quaker Oat Co. in Chicago called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis one of his campus activities is working with an orga nization known as the British - North American Cmte., whic h has only been in existance for awo years, but is similar to the Canadian American Cmte., which is much older and whic h he thinks you are familiar with. The British - North American Cmte. consists of British, Canadian, and American business men, educators, and labor leaders OM OW a senior group. They meet twice a year and are meeting in Palm Beach on the evening of Friday, Dec. 3, and on Saturday and Sunday morn ing, Dec. 4 and 5. Mr. Peter Peterson was scheduled to speak to the group until his plans were changed and he was asked to go to Europe. Mr. Hart said he had just talked to Mr. Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis November 23, 1971 - 6 - Peterson, who said he thought you would be the best possible substitute at this meeting and Mr. Peterson also said he had just finished talking to Secy. Connally, who had given him the impression that you might be in this country at the time of their meeting. They would like to have you talk about the longer range objectives of our current international economic policy for 30 or 40 minutes and then have a general discussion with the group, which will consist of about 45 heads or top officials of businesses, academic institutions, and labor organizations, the total time totalling an hour aria half. They would transport you and Mrs. Volcker to Palm Beach and put you up at the same hotel as the group and have you come to dinner with their group. They could fit you into their pro§ram at any time on Saturday or Sunday morning. He said Mr. Peterson's office has all sorts of material on the group and the meeting, which we could get from Mr. Peterson, or else Mr. Hart can have the National Planning Assn., which does the staff work for the group, send you the similar material. Mr. Hart obviously is anxious to have a reply as soon as possible. If you return from Rome on the 2nd, you could do this if you wished, excepting Mrs. Volcker accepted a dinner invitation from the Daniel Brills for the evening of Saturday, Dec. 4. Shall we get the further material about the group and meeting, or can you make a decision _ 7 Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis November 23, 1971 on the basis of this? YES NO Do you wish to: ACCEPT REGRET Mr. Hart's number in Chicago is Area Code 312 - 222-6870. Messages for Mr, Volcker - 1 - November 22, 1971 10:45 AM - Mr. Liebling would very much like to see you briefly before Mr. Feidler comes on deck. 11:00 AM - Derek Mitchell's secy called to say he had spoken with you about an appointment this week and asked whether you could see him on Wednesday afternoon, Nov. 24. 3:00 PM that day. I gave him On cal. 12:05 PM - Gene Birnbaum called and said he was going to Europe to visit with all the major central banks; he will be in Washington this coming Wednesday and would very much like to see you at any time that day, including lunch. is usual day to lunch at the Fed Board, Wed. Otherwise, cal. is clear excepting for 3:00 PM appt, with Derek Mitchell. Do you wish to see Mr. Birnbaum? (NYC - 552-8915), tis-1 YES NO Mr. Birnbaum said he would appreciate an answer back as soon as possible so he may arrange his other appointments around whatever time, if any, you can see him. 2:40 PM - Hobart Rowen http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called - concerning the Secretary's press con- ference today. He would like your help in clarifying a point (2i 223-6000, Ext. 610 or 396) Messages for Mr. Volcker - 2 - November 22, 1971 3:30 PM - Mr. Betts called and said the Secy. wanted to talk to Dr. Walker and you and Mr. Betts about space at 9:30 AM Frid ay. On cal. 6:00 PM - Messrs http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Willis and Cross are standing by to discuss some questions about Rome with you MESSAGES for Mr. Volcker NOTE: - 1 - Friday, November 19, 1971 ning the Secretary's cer con s air Aff lic Pub m The information fro that it will be general and is day Mon on e enc fer con press e has international issues. No tim cover both domestic and been set yet. NOTE: y called yesterday afternoon Mr. Kaya at the Japanese Embass hiwagi will be at 12:30 PM and said your lunch with Mr. Kas on Carlton on Saturday. in Suite 216 - 218 at the Sherat Mr, lton but is staying at the Kashiwagi is not staying at the Car the Carlton for the purpose Madison; he reserved the suite at and he will be awaiting you of his luncheon meeting with you in the suite when you arrive, Mr. Kaya said his office phone was 234-4962 and his home phone is --where he will e we need to reach him for be reachable on the weekend, in cas any reason, ned to you that Crispi might tio men he d sai and led cal e Dal . 9:15 AM--Mr Crispi's home next invite you and Mr. Ossola to dinner at erested and had given Monday night and you had not seemed int ment. the impression you hadalother engage I told Mr. Dale an 8:00 PM black tie you did have a Blair House reception and dinner on Monday. they had gotten an appointment 9:20 AM - Mr. Leddy called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 5 AM next Tuesday for Mr. Ossola to see the Secy, at 8:4 e that morning, and he asked what your schedule was lik noon, I told him it was clear up until about Mr. Leddy a couple of hours will ask the Italian Embassy to hold 1 Messages for Mr. Volcker - 2 - November 19, 1971 clear on Mr. Ossola's schedule immediately after he sees the Secy. for discussion with you. Will note on cal. 9:25 AM - Mr. MacLaury called you but his secy. said he didn't wish to leave a call in -- he will call again when he is free probably. 10:45 AM - Sam Cross would like to see you for a few minutes for guidance on preparation of briefing books for the Ministerial meeting, which is now only a week away. 3:20 PM - Mr. Brumley's secretary called with the message that the Secy. will have a briefing at 10:00 a.m. on Monday, Nov, 22, in his Conference Room (prior to his press conference at 11:30 a.m.) in Room 4121 -- and has asked that you attend. ON CAL. 3:30 PM - I have accepted the luncheon invitation from Murray Seeger and his replacement, Paul Steiger, for Monday, December 27th. Mr. Seeger will call the morning of the 27th with information as to where the lunch will be. ON CAL. 4:30 PM -Mr. Brumley is having another tape of the Q&A session of the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Secretary's speech before the Economic Club of New York brought down by messenger tonight. He said the transcript service will have it in the morning and hopes they will have it transcribed by by noon. He will call the office, should it be readypontii/about 12:15 PM. He knows you have a luncheon appointment at 12:30 pm If he can't reach you here, he will call you at home and arrangc for the transcript to be delivered to you there. Messages for Mr. Volcker 9:50 AM - Message from Secretary's Operator: Thursday, November 18,1971 There will be a full staff meeting tomorrow (Friday) in Room 4426. ON CAL. 11:00 AM - Mr. Towe, Minister of Economics at the Canadian Embassy, called to invite you to lunch one day next week (week of Nov. 22) He said he had nothing specific to discuss. ON YOUR CAL. -- You have luncheon engagements on Monday and Tuesday; the Fed lunch on Wednesday; Thanksgiving on Thursday. You are free for lunch on Friday, Nov. 26. Do you wish to accept his luncheon invitation? YES NO If yes - arrange it for Friday, Nov. 26? mmxt His secretary had implied that if it were not possible this/ next week, sometime after that would be agreeable, on a day that would be convenient for you. (This could be on either Monday or Tuesday, December 6 or 7.) (Margaret Morin -785-1400) 1:55 PM - Gov. Daane called and would like you to call him, 147 - 211 4:10 PM - Paul Gomory of Peter Peterson's staff called concerning tka of Nov, 15 Richard Allen's memo/to you which asked for comments on the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis "Eberle Memo to the President" by Tuesday, Nov, 16. Mr, Bradfield prepared a reply to Mr. Allen fmxxynxxxxigliatimlui Subject: Kennedy Found Fifth Stage Tariff Reductions - which is on your desk for your signature. Messages for Mr. Volcker Wednesday, November 17, 1971 8:15)VM - Gpv. Jaenke called. (111-6937) He said he had gotten )(max the message that you had left for him to reach you through the Secretary's Operator last night -- but you had left the office when he called. 10:20 AM - Patrick O'Donnell's secretary called with regard to the cockta and dinner invitation at the Blair House for tomorrow (Thurs. 5 11/18). Mr. O'Donnell suggests that you "forget just the coffee" for tomorrow and has invited you to another Blair House dinner on Monday, November 22, and has suggested that only you drop in for cocktails/at 6:30 p.m0 if you can't stay for the dinner. On Monday, November 22, you and Mrs. Volcker are attending a black tie dinner by the German Ambassador and Mrs. Pauls in honor of Dr. Moeller. Shall we accept for cocktails only at the Blair House on Monday, November 22? YES NO (Kathy - 145-2954) 10:40 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The Secretary has asked that you and Mr. Cohen meet with him in his office at 4.30 p.m0 this afternoon. ON CAL. (Rose didn't know what the Secretary wants to discus s. She said all the information she has is his request that you and Mr. Cohen come in at 4:30 p.m.) Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - November 17, 1971 Apropos the Blair House dinners, Mr. O'Donnell said Peter Flanigan has headed up this series of dinners from their inception. They have had participation by Secy, Rogers, Mr. Shultz, Mr. Kissinger, Secy. Stans, and Dr, Walker -- people of that caliber. They give a dinner once a week to which they invite 10 to 12 prominent leaders of industry and other areas in as guests from all over the country -- usually 8 business leaders, a couple of college presidents, and a labor representative or two. They line up three Administration participants for each dinner, one who will drop in during the cocktail hour and, toward the end of the cocktail hour, make a few remarks to drive home any points that may seem appropriate at the time, one who will serve as host at the dinner, and the third to engage in discussion, along with the host, at the dinner, The host leads off the discussion at dinner and they have a free and frank discussion, which could cover anything the guests want to talk about, or the Administration participants, but Mr. O'Donnell said they have limited it to international and domestic economic matters. e.g., Mr. Shultz has handled the domestic and Mr. Kissinger the international at the dinners they have attended, and it has worked very well. The dinners serve both as an opportunity to make points about the Administration program and also as a listening post, to find out what people in private life mil are thinking and to answer November 17, 1971 - 3 - Messages for Mr. Volcker any questions the guests may raise For example, if you were to be the drop-in guest at next Monday's Blair House dinner during the cocktail hour from 6:30 to 7:30, toward the end of the cocktail hour, you would make a few informal remarks, with everyone just standing around, and explain that you have another engagement and ;will not be able to remain for dinner. Mr. Rumsfeld will be the dinner host at next Monday's dinner and they will probably get a Cabinet member to attend the dinner. Once you agree to participate in one of the dinners, Mr. O'Donnell's office will send you the list of guests. You do have an 8:00 PM black tie dinner next Monday at German Amb. & Mrs. Pauls). (given by the If you feel dropping in at the cocktail hour at Blair House from 6:30 to 7:30 would be too tight a squeeze, Mrr. O'Donnell said they would invite you to a later dinner. With respect to the Blair House dinner next Monday, do you wish to: Agree to drop in for the cocktail hour Suggest they invite you to a later dinner 11:10 AM - Mr. Willis would like e/word with you on the phone. 11:15 AM - Mr Pannill would like to see you for a minute when you're free. 5430 11:17 AM - Rose called and said the Secy. does want to see Amb, Ortona http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I. at 4:00 PM today. I suggested the Amb, come to your office first and told Rose I would let her know when he arrived. 1 - Messages for Mr. Volcker 9:00 AM - Tuesday, November 16,1971 Chairman Burns' secretary called to extend the customary invitation to lunch at the Fed Board tomorrow (Wednesday, November 17). Chairman Burns will host if you attend. You have tentatively accepted an invitation to a stag luncheon by Swedish Ambassador de Besche for the Swedish Chief Negotiator with the EC, Sverker Astrom, at the International Club This luncheon acceptance was to be confirmed when we definitely knew you would not be attending the EPC meetings in PAris on Nov. 18-19 0 Is it all right to confirm this now and inform Chairman Burns that you have another commitment? NO YES If you do not attend the Fed lunch, arrangements will be made for a staff luncheon with Bob Holland hosting. 10:25 AM - Gov. Jaenke, Farm Credit Administration, called. that his call be returned. He asked (111-6937) 10:35 AM - Mr. Betts' office is asking if you wish to lunch in Secy's Dining Room today. The Secy. is down to lunch in his Dining Room but often cancels out at the last minute. Will lunch in Dining Rm. Will not NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Senator Javits will see you at 12:00 noon in Rm. S. 123, the Capitol, today, Messages for Mr. Volcker - 4 - November 17, 1971 12:40 PM - Mr. George Pantos in Mr. Peterson' s office called and said Mr. Peterson is contemplating a possible toi p to Europe the first week in December and Mr. Pantos is trying to do some planning for the trip. He wondered if there was any firmness yet in the dates for the G=10 Minist erial meeting, because Mr. Peterson will want to visit som e Finance Ministers and will need to know whether or not the y are likely to be available. air MO MD I told Mr. Pantos the dates were still up in the that Secy. Connally had not decided yet , as I under- stood it. Mr. Pantos would like to speak with you on the phone about this. 1:30 PM - Sam Cross Called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 145 - 2800 He asked whether he might see you for about two minutes on your return from lunch. (5081) • Messages for Mr. Volcker - 2 - November 16, 1971 11:00 AM - Mary Harris called and said Amb. Kennedy needs to see you sometime today or tomorrow -- he is leaving Thursday night on another trip. He is free today excepting for a 3:00 PM appointment and tomorrow excepting for a 2:00 PM appointment on the Hill. Is it safe now to assume that you will not go to Paris and to give Amb. Kennedy 4:00 PM tomorrow? (101 - 21791) 3o YES • c)/ , 1 NO (9 12:00 M - Mrs. Volcker does know about the acceptance for the dinner by the American Council on Germany this evening. Concerning the Hans Widenmann dinner winvitation on Thursday evening, she ing has asked that you be reminded that she will be attend/Janice's back -to-school night then and will be unable to attend his dinner invitation. Her question is whether you will also attend the back-to-school affair? YES NO (or) shall we confirm an acceptance for you alone for the Hans Widenmann dinner? YES NO told Mrc Widenmann that you might be out of the country (Note: Mae had x1. P.S. - A further note from Mrs. Volcker. right this morning c She said you were It was the plumber that was needed. 11:50 AM- Mr. Adams asked that we give him a time for a Treasury Financ- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ing Group meeting and I have given him 5:00 p.m. tomorrow (Wed., C41. Noted) NO Nov. 17)./ Is it all right to confirm? YES (5806) Messages for Mr. Volcker 1:50 PM - Tuesday, November 16, 1971 - 3 -- Tony Thomas of the London Times called from the Washington office to say that he had gotten a call from the London Office saying that the Bank of Italy had announced the dates of the G-10 meetings as November 30 - December 1. The word was that the meetings were expected to take two days with a Deputies meeting one day prior tothe Ministers meetings. to reach anyone in Public Affairs. He was unable Mr. Brumley is with the Secretary; Mr. Wade and Mr. Weber are both on leave; Jim Parker has been taking similar calls in Public Affairs. I told Mr. Thomas as far as I knew Treasury had made no announcement, and that when one was made it would come from the Secretary rather than the Bank of Italy. Parker's judgment. 2:00 PM - This is Mr. Mr. Thomas asked that he be called if you had anything further to da say. (347-7659) of Business Week Stanley Wilson4 who is in New York to cover the Secretary's this evening, called to say that a similar announcement had just come over the Dow Jones ticker. He had called Jim Parker who had referred him to you. Mr. Wilson asked that we leave for him any further word/with the Business Week switchboard - RE-76630. 2:15 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Gov. Jaenke called again. He is very anxious to talk with and is delaying his appointment on the Hill this afternoon hoping that you might call him before your 2:30 p.m. apptment. He asks for your guidance on the Senate Bill 1483 which goes into conference with the Senate and House Committees - which - 4 (Gov.Jaenke) is rewriting and updating the Farm Credit bill -- and referred also to the start of his conversation with you at the American Security & Trust symposium on the 9th.- (111-6937) NOTE: He will be in his office from 3:00 p.m. until 3:30 p.m. 2:30 PM - The Treasury Financing Group has been rescheduled from 5:00 p.m. to 4:00 p.m. tomorrow (Wed., Nov. 17). 2:50 PM - Ambassador Ortono called. ON CAL. He asked that his call be returned. (234-1935) 2:55 PM - Mr. Samuels called. He asked that his call be returned. (101-20410) 3:00 PM - I told Mr. Cross about the rumors about the G-10 Ministerial and he said to tell you they understand there have also been rumors out of Brussels that the meeting is set for Nov. 30 our people in Bonn Dec. 1. Also/tut had a call from Schoellhorn's office asking whether the dates for the meeting have been set the Germans are apparently biting their nails. 3:02 PM - Amb. Ortona called again and is anxious to talk to you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Tuesday, November 16,1971 - 5 - Messages for Mr. Volcker 335 PM- Patrick O'Donnell's secretary (Mr. O'Donnell of Charles Colson's staff at the White House) called to invite you to cocktails from 6:30 p.m. to 7:30 p.m0 and sit-down dinner (business suit) at 7:30 p.m., at the Blair House, on Thursday, November 18 The dinner is stag and will include 50-75 high level people (presidents of corporations, etc., of the George Meany level) for an economic briefing of the new economic policy. General Haig of Dr. Kissinger's staff will attend, as will Casper Weinberg of OMB. Your calendar is clear, except for the back-to-school night for Janice (per Mrs. Volcker). Do you wish to a ACCEPT? YES NO If you do accept, a finalized list of guests will be sent to you this afternoon. (Kathy - 145-2954) NOTE: Since you got tied up on the Secy's speech, I told Mr. Adams about Gov. Jaenke's call and Mr. Adams called him; Mr. Adams would like to talk to you about this -- Gov, Jaenke has to testify on the Hill tomorrow. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mrs. Volcker had a question about whether Mr. Morrow was to pick first her up/(time? ) to bring her to Treasury Vox and then to the Sonesta Hotel at 14th & Thomas Circle for the dinner tonight. I told her we would call. - 6 - Messages for Mr. Volcker 4:45 PM - Peter Peterson called. 5:20 PM - Patrick Tuesday, November 16,1971 He asked that his call be returned. ask whether we could O'Donnell's secretary called to tion for the Blair House dinner ita inv his to wer ans an give her d her you would be given a tol I 18. . Nov g, nin eve ay on Thursd have an answer for her Wed. ly bab pro ld wou and E lxw ame reminder morning. 5:45 PM - Mr. Adams would leaves. to itor me in to see you when your vis like/7° y about a time tomorrow when the 6:00 PM - In response to my inquir , Mr. Pannill called and Secy. might see Amb. Ortona and you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ow is very tight and indicated the Secy's schedule tomorr nce if it could wait suggested there might be a better cha until Thursday. ona I said I wasn't sure whether Amb. Ort he might want to come would want to wait until Thursday and y. could not see him. to see you alone tomorrow if the Sec Mr. Ortona that the Mr. Pannill then suggested we tell as usual, it is very Secy. has a very busy day tomorrow, minute but there is hard to work something in at the last . Ortona in around a chance they might be able to work Amb come to see you at 4:00 tomorrow and suggest that Ortona to see the Secy. 4:00 and they will try to get him in if they possibly can. Messages for Mr. Volcker 10:00 AM Georg - 1 Monday, November 15, 1971 - Gotschlich, Financial Counselo r at the German Embassy, called for Dr. Richeb acher (whom you had seen whom you at the State Department recept ion last night and/had agreed to see kim for a small talk be fore Dr, Richebacher left Washington on Wednesday). He said Dr. Richbacher woul d be leaving at noon -- and wh en I suggested 10:30 a.m. on Wednesday, he said that woul d be fine. ON CAL, -- Would you like any briefi ng material for this visi t? yes NO ,,- A recording officer to sit in? YES (331-3000) 10:05 AM - John Smith of the Equity & Law Life Insuranc e Co. ondon, Ja me s called with an introducti on to you from Dr./O'Lear y of the U. S. Trust Company of New Yo rk. He wondered whether it would be poaible for him and his colleague, Robert Davison, to come in to see you to day, (they are going to be here for just the day) -- to disc uss the economic situatio n and background. I suggested to Mr. Smith that since their time here is limited, it might be well if he was referred to Mr. Bennett who could bett er fit them into his sche dule today. This was all right with hi m and I am referring his call to Mr. Bennett. (Mr. Smith wi ll call in again after his next appointment.) He mentioned possibly seeing Dr .Walker today too 10:10 AM Mr Atoosa called. He asked that his call be returned. (A.C, 212-483-1818) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 2 - November 15, 1971 3:10 PM - Me. Hennessy called and said that State and Peterson's http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis shop want to some representatives to sit in on your and Mr. Petty's meeting tomorrow afternoon with the Ghanian Fin. Min, Apparently the President suggested that the Finance Minister should visit Treasury to talk about financial matters, especially debt rescheduling. The Fin. Minister has seen people at State on other matters and CIEP says no meeting with Peterson or anyone there is presently scheduled, If you agree that State and CIEP may sit in, State would send either Mr, Newsom, Asst. Secy. for African affairs or Mr. Smith, Deputy to Mr. Newsom; CIEP would send Mr. Rosen, who handles underdeveloped countries, or Mr. Peterson himself might want to come -Mr. Rosen wasn't sure. Mr. Hennessy would like your guidance as to what to tell State and CIEP, Messages for Mr. Volcker - 3 - November 15, 1971 3:55 PM - Sandy in the Secy's office called and said Secy. had to be in NYC tomorrow and would not be able to see Kurt Birrenbach, who is coming to see you at 4:30 tomorrow and who had evidently also asked to see the Secy. Sandy said she was informing Sue Steiner, who had evidently passed along Mr. Birrenbach's request. 4 30 PM - Mr. Bennett plans to fly to NY tomorrow night or even may ride to NY in the Secy's plane, which will be leaving at 3:00 PM tmmorrow. to Paris. He would take the Wednesday day flight He will need to talk to you at some point before he leaves to get your guidance on what a he should say at the EPC meetings. Your schedule tomorrow is pretty crowded. It looks as though late this afternoon or before lunch tomorrowl,ill be the only chances. 4:30 PM - Gov Daane called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. t/He left his office at 5:05 p.m. - and suggested that you return his call to his home - 538-7167.) Messages for Mr. Volcker - 4 - Monday, November 15, 1971 4:15 PM - Conrad Christiano of New myer Associates of Washington cal led http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis concerning two of the Newmyer Associ ates' clients who want to meet with you to discuss U.S./Cana dian relations (specifically, the surcharge, and other pro blems). One is Harry S. Wingate, Chairman of the Board and Chi ef Executive Officer of International Nickel Company of Canada (based in the U.S.), and the other is Gilbert Humphrey (fo rmer Secretary Humphrey Chairman and Chief Executive Office r son)/of M.H. Hanna Company (a U.S . Company who has holdings and does considerable business in Canada). Mr. Christiano said they had been in touch with the Secretary (indicating that this had taken place someti me during the Secretary's Asian trip), who had suggested that they get in touch with you. I asked whether they might talk with Mr. Petty. Mr. Christiano said they were wel l acquainted with Mr.Petty but wanted specifically to see you, and asked tN0001c/an appoi ment could be set up with you on either Wednesday,Thursday or Friday of this week -- with the preference for Thursday. NOTE: Mr. Christiano elicited the more spe cific information from Messrs. Wingate and Humphrey tha t their purpose in their talk with you was not to discuss the ir firms' operations or in any way related to their pro ducts. Because of their unique position on both sides of the border, they have continued/5 • Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis _ 5 _ Monday, November 15, 1971 Wingate/Humphrey (continued) gotten to know many Canadian and U. S. officials and want to and discuss the political/economic effects of the current surchargL program. Apparently they feel they can give you a view that you EaRA couldn't get from anyone else. They have a high degree of economic interest in Canada and knowledge of Canada and they want to impart that knowledge to officials of the U. S. Government. I told Mr. Christiano there was the possibility you may be away from Washington - and could offer only a very tentative appointment - to be confirmed sometime on Wednesday. Both men are in New York and could come in for an 11:30 a.m. appointi„ ,YPV/r with you on Thursday morning4 I told him I would put a "hold" on this time.mxiamt Shall we confirm this appointment?. YES NO X (bz' )()) OTHER If yes, do you wish other Treasury people to sit in on this visit? (Mr. Christian.- Newmyer Assoc. - Phone: 347-9240) Jerry Newman says he knows of nothing afoot with respect to either of these companies and suspects the men just want to talk about the public relations aspects of the surcharge. • Messages for Mr. Volcker 5:30 PM - Mr. Bradfield - 6 al1ed0 the Javits amendment Monday, November 15 1971 He wants to talk with you further about and asked that his call be returned. (8101) 6:00 PM - Bill Weber called to say that he would not be accompanying http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you to the 9:30 a.m0 session of the American-German Conference, since you wou].d be talking off-the-record. Messages for Mr. Volcker 1 November 12, 1971 9:30 AM - Leonard Dixon called and said Secy, is now scheduled to land at Andrews Air Force Base sometime between 10:00 and 11:00 AM tomorrow (Saturday), depending on weather conditions and how long it takes to refuel at Anchorage. moved his return date up one day. Secy. has Mr. Dixon will keep the Secy's Operator informed as to changes in arrival time, as the time approaches, in case you wish to go out and meet the Secy. at Andrews, Mr. Dixon said he would be out at Andrews coordinating final arrival arrangements and transportation, etc. with 10:15 AM - The Secretary has asked you and Dr. Walker to have lunch him on Monday, November 15, at 12:30 p.m, in the Secretary's Dining Room -- to review Treasury developments, 2:15 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ON CAL. - Sara Ann Fagin, Secretary of the American Council on Germany, called from New York tolkonfirm that you did have your speech to the 9:30 a.m. session of the 7th American-German Conference on Tuesday, November 16, on your calendar,. I told her this was so, and also that Dr, Wallich (who is a member of the Council) had called several times to inquire whether you were planning on doing this, and I had confirmed so to him. The session on Tues. morning will be in the Brittany Room of the Sonesta Hotel -and either Dr. Wallich, or Mr, Eminett (who is Executive Vice President of the Council) will meet you at the entrance to the Brittany Room. (Mrs. Fagin -A.C. 212-RH-4-2816) ON CAL. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker NOTE: - Thursday, November 11,1971 1 " - Judge Pierce's secretary called to say that should you have any trouble parking on Saturday, November 13th (Judge Pierce and Mrs. Pierce are hosting cocktails from 4:00 p.m. to 7:00 p.m.) - the doorman at the apartment building will park the car for you. 11:20 AM - Murray Seeger of the Los Angeles Times office in Washington has invited you to have lunch with him so that he might introduce his replacement, Paul Steiger, to you, and has suggested one day during November since he will be out of town early December. Do you wish to have lunch with Messrs. Seeger and Steiger, and is it all right to arrange this on a day convenient • for you before the end of-44 , YES I\ NO OTHER (Mr.Seeger - 296-1440) 11:30 AM - Mr. Dale's secretary called to check your calen dar for an appointment with Mr. Schweitzer for you (to discuss the monetary situation) - which Messrs. Dale, Southard, Polack and Gold of the Fund will also attend, and in Mr. Schweitzer's office, Room 1200-F at the Fund. I gave her 4:00 prm. (tentatively, since this was ging to be the Secretary's first day back in Treasury) on Monday, Nov.1 5. cont'd/2 -64 Messages for Mr. Volcker - 2 Thursday, Nov. 11, 1971 (Mr.Schweitzer - cont'd) and told her I would call Monday morning should there be a conflict. Do you want someone from Treasury to accompany you? (181-3067) 2:00 PM - Protocol of State called to invite you and Mrs.Volcker to a reception on Monday, November 15 at 6:00 p.m. in the Thomas Jefferson Room at the State Department. Secretary Rogers is giving a reception for the 7th German-American conference. 3:00 PM - e.44 REGRETS ONLY -(632-0256) Mr. Willis has confirmed a Volcker Group meeting for 5:00 PM. tomorrow (Friday, November 12) - to last about 11 / 2 hours. (ON CAL.) 4:00 PM - Mr. Kondo of the Financial Counselor's office at the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Japanese Embassy called to inquire whether you were planning to attend the EPC meeting in Paris on November 18-19, He said he had hoard from Mr. Kashawagi (Special Adviser to the Finance Minister) tkat who is going to attend the meeting and who has expressed an interest in meeting with you in Paris, if you were planning on attending. I told Mr. Kondo you were away and that Mr. Kashawagi's message would be to you conveyed/on your return - and that we probably would not have an answer before Monday, (TEL. AD-4-9230) - 3 - Messages for Mr. Volcker Thursday, November 11,1971 Monitor called to remind 4:30 PM - David Francis of the Christian Science your convenience. you that he would like to come in to see you at (RE -7-7555) He is attending the 6:15 PM - Bruce MacLaury called from Minneapolis. day, FOMC meeting at the Federal Reserve Board of Mk Tues for him. November 16, and wondered whether you had about 1/2 hour I gave him 3:30 p.m. He will call in on Tuesday morning - or be can be reached through Gov. Daane at the Fed if there should any conflict. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis r ON CAL. Messages for Mr. Volcker 8:45 AM 1 Wednesday, November 10,1971 . Schoellhorn called from Bonn. office for another half hour. He expects to be in his I told the operator we would call him as soon as you came in. (BONN 76-3626) 8:50 AM - Mr. Finkel stopped by. (2067) (He said he had a question.) 9:45 AM - Mr. Finkel's question: "Did you find out if Charlie wishes to sign off on IFI-China paper as Acting Secretary? Skint "State Department is pushing hard for joi nt signatures between you and Samuels ••• ••• seems to be their main problem, since we are making progress on the text itself. Should we offer them joint signatures with a dead line of late today and we will go ahead ourselves if they can' t meet the deadline?" 9:50 AM - Mr. Bradfield called He said he would like a minute with you this morning. OfAi(8101) 10:05 AM - Mr. Bennett would like to see you sometime befo re you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis leave for Chicago on draft legislation on the Federal Financing Bank. He said they won't have the retyped version ready perhaps until tomorrow but he could just tell you about the changes and seemed to feel the sooner the better. - 2 - Messages for Mr. Volcker November 10, 1971 12:50 PM - Joe Livingston called from Philadelphia and said he would like to come down and see you sometime on Saturday. He wants to sit down and chat and he won't quote you about things in general. He can come down Friday night and see you early Saturday morning or any time you want. (Phila. AC 215 - 787-8767) You and Mrs. Volcker are to have cocktails with Judge & Mrs. Pierce from 4:00 to 7:00 on Saturday. Are you willing to see Mr. Livingston on Saturday? YES NO TIME (Assume at your office) 1:00 PM - Mr. Petty stopped by and said he'd like to see you for a http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis minute when you get back. _a • - 3 - Messages for Mr. Volcker Wednesday, November 10,1971 2:45 PM - Mrs. Yurow of the Netherlands Embassy called Wextend an invita- Mrs. tion to you and Mrs. Volcker from the Ambassador and jj l° "jir‘ van Lynden to a black tie dinner at 8:00 p.m. on Tuesday, ttpilAt st)f live\ bA December 7 - at the residence, If the dates of the rescheduled G-10 meeting are not in conflict, is it all right to accept? (Your calendar is clear otherwise.) YES NO (234-1136) 2:55 PM - Gov. Daane called. LI,asked that his call be returned. NOTE: Messrs. Hennessy and Syvrud would like to ride to the IMF with you and listen to what you tell the LDC ED's. and Mr. Robt. Finch' Mr. Syvrud's rip thru South America was postponed but I understand they are leaving in a day or so. 4:05 PM - Mr. Adams would like to see you when you return, NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Miss Ankarfors, at the Swedish Embassy, called this morning to invite you to a stag luncheon Ambassador de Besche is giving for the Swedish Chief Negotiator with the EC Sverker Astrom at 1:00 PM on Wednesday, Nov. 17, at the Intl. Club, 1800 K St., N, W. Miss Steiner did some checking for me and said Mr. Astrom is a career diplomat, who is now handling the negotiations for Sweden with the Common Market; Sweden will not join the Common Market but will remain a neutral member of EFTA, All of the Swedish Counselors in North America are Messages for Mr. Volcker - 4 - November 10, 1971 gathering in Washington for briefings and Mr. Astrom is coming to Washington for the purpose of bri efing the Counselors on his negotiations with the Common Market on the Market's relations vis-a-vis Sweden. If you do not take a day flight to Paris on the 17th for the EPC meetings on the 18th and 19th, or if you do not go to EPC, and if .,Lc- pt., (Jo- you skip the usual Fed lunch, you could attend the Swedish lunch, if you wished. Shall we tell them there is a chance you may be out of the country, or en rou te to Europe on the Ni 17th, but that, if you do not go on tha t trip, you would be glad to attend the luncheon and we wou ld let them know when your plans are firm? (Miss Ankarfors - 965-4100) 4:30 PM - Protocol at State called to inv ite you to a luncheon at http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1:00 PM on Tues., Nov. 30, in the Thomas Jefferson Room at State, hostpd by Under Secyc John Irw in for Dr. Paul Frank, State Secretary for the Federal Republic of Germany. I checked with Sue Steiner and she said Dr. Frank is of a rank with Under Secy. Irwin and you but he is on the political side and is coming to Washingto n to prepare for the NATO Ministerial meetings. Shall we tell State that we will have to let them know later whe ther or not you can attend when we know whether or not you will be in the country on Nov. 30? (632-0256) YES NO Wednesday, November 10,1971 Messages for Mr. Volcker - 5 4:30 FM - Dr. Kacser called to as if you might be free to lunch with her at any time during the next two or three weeks. Shall we arrange a luncheon with her? YES NO OTHER If yes,-On your calendar: Monday, Nov. 15 is free (but this is the first day back for the Secretary) Thursday, Nov. 18 or Friday, Nov. 19 (If you do not attend the EPC meetings in Paris. Monday, November 22 Friday, November 26 (Dr.Kacser - 110-3421) 5:25 FM - Mrs. Kennedy in Mr. Wille's office at FDIC called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis said he dictated the following message to convey to you: "Has there been a response to my inquiry about the two Japanese banks that wished to set up domestic subsidiaries in California? I have heard nothing since just Oeior to your scheduled trip to Europe. My recollection is you were leaving the matter with John Petty." I called Mr. Petty's secy. & told her about this and asked her to check it out. It rang no bells with her but she said she would see what she could find out. phone is 1236 - 201. Mr. Wille's Messages for Mr. Volcker - 6 - November 10, 1971 6:10 PM - I had not heard anything from Edith Baturin as to whether http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis or not Dr. Walker would be here on Friday and able to attend the 4:00 PM Senior Review Group meeting on SALT so I checked her again, saying you had a conflict and, in addition, were going to be in New York in the morning and I wasn't sure when you were returning. She checked with Dr. Walker and said he said he has no further knowledge as to whether he will be here or leaving on Friday and, if you have a conflict that you think is more important, just skip the SALT meeting -- he doesn't think SALT is all that important but it probably would be well if you could attend. Since you're meeting Mr. Dillon at 12:30 to have lunch with him, obviously you won't be back for the 3:00 PM Volcker Group meeting and, even if you caught the 3:00 o'clock Shuttle, you wouldn't be at your office until about 4:20. In the circumstances, would it be best to try to reschedule the Volcker Group meeting for Monday afternoon is clear on Monday. day back. ONE IMP your cal. Only problem is that is Secy's first Another possibility would be to have a Volcker Group meeting on Saturday, say at 11:00. Next Tuesday is already crowded and the next possibility would be Wednesday. Messages for Mr. Volcker - 1 - November 9, 1971 10:45 AM - Mr. Malabre, of the Wall Street Journal, called and said he knew you from your Chase days and he would like to talk to you about a semi-personal matter in connection with your mutual friend, Harry Schwartz. NYC - 422-3115, Ext. 235. 11:20 AM - Mr. McGinnis' secretary called with the message that there is a SALT (Strategic Arms Limitation Talks) NSC meeting I . scheduled for 4:00 p,m. on Friday, November 12th in the Cabinet Room of the White House. She said Dr. Walker will attend, if in town, but had asked them to alert you, too. i (She said there were no papers at present for the meeting.) --You have a Volcker Group meeting scheduled from 3:00 p.m. to This is confirmed by Mr,Willis. 5:00 p.m, on Friday./ -- (Cal,, Noted.) 11:30 AM - Gaylord Freeman (National Bank of Chicago) called to inquire as to whether he might have an answer to his invitation to you to speak during the April 9-11, 1972 Annual Convention of the Reserve City Bankers at Boca Raton, Florida -- so that they might proceed with program preparations. Your calendar at that time is presently clear. 11:40 AM - Mrs. Volcker called, She said she has received a dinner invifor Wed., Nov. 17. tation addxiasstad/from the Bradford Mills' and wondered whether http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis or not to accept -- in view of the fact that you might be en route to Paris for the EPC Meetings on Nov. 18-19. Is it all right for her to accept? YES NO Messages for Mr. Volcker - 2 - November 9, 1971 11:45 AM - Randolph Burgess called and said he wanted to hand you a paper sometime tomorrow -- that it wouldn't take long. I suggested 12:00 noon, which he said was fine. You are to attend the 12:30 lunch Secy. Stans is hosting for the Intl. Business Advisory Cmte. in Secy's Dining Room at Commerce. They're having cocktails at 12:00 but I thought you might not want to arrive until time for lunch. If you do want to go to the cocktails, I can schedule Mr. Burgess earlier. 12:00 M - Hans Widenmann called and said he had talked to you over http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the weekend about an Englishman he wanted you to see and you suggested he call me. He said he would like to invite you and Mrs. Volcker for dinner at 7:30 PM Thursday evening, Nov. 18, at the Madison -- he is also inviting the Daanes. The Englishman's name is Mr. Graham Titford, Investment Manager of the Prudential Insurance Co. of London, which is one of the largest insurance companies in the world and probably has the biggest portfolio of American securities of any company in Europe. Mr. Widenmann is very anxious for you to Mx meet Mr. Titford and, if you can't have dinner on Thursday evening, would like an appointment to bring Mr. Titford to see you on Friday, Nov. 19th. I told Mr. Widenmann you were scheduled to attend EPC meetings in Messages for Mr. Volcker - 3 - November 9, 1971 Paris Nov. 18 and 19 but that I would put this to you. If you do not go to the EPC meetings, your cal. is clear the evening of the 18th, (NYC - 530-4000) With respect to the dinner, do you wish to: ACCEPT REGRET 12:30 PM - Mr. McCracken called and would like you to call him, 103 - 5036 1:00 PM - Mr, Samuels called and would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 101 - 20410 November 9, 1971 - 4 - Messages for Mr. Volcker again and is anxious to 3:00 PM - Mr. Malabre, of the WSJ, called talk to you. He will be in his office until about 4:00 his and then in transit until about 5:30 but will be at home and reachable there from about 5:30 to 7:00 PM NYC - 722-4381. 3:25 PM - Gov. Daane called. He asked that his call be returned. had spent 3:35 PM - Mr. Cross called and said he talked to Korp, who part of today in Naples and had just gotten back and did not quite understand from what the Ambassador told him that he was supposed to do. Mr. Cross straightened him out and Mr. Korp will get told of Ferrari Aggradi right away and call back. Mr. Cross told Mr. Korp that you would like to have some word before the day was out. invite you to 3:45 PM - Catherine in Chrm. Burns' office called to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tra a lunch Dr. Burns is hosting at the Fed. for Mr. Zijls at 1:00 PM at on this Friday. I told Catherine I doubted and you'd be back from New York in time but said I'd check let her know. ACCEPT REGRET Messages for Mr. Volcker 5 - Tuesday, November 9, 1971 you with the LDC Executive 4:05 PM - Mr. Dale has arranged a meeting for November 10) Directors for 4:00 p.m. tomorrow (Wednesday, in Room 1200-A at the Fund. (ON CAL.) to speak to you on 4:10 PM - Sam Chase at the Fed Board would like http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the phone about a personal matter when you can call him. about He knows some people who would like to talk to you r than whether you'd be interested in doing something othe what you are now doing. 737-4171, Ext, 7396 •••••• NOTE: - Monday, November 8, 1971 1 - Messages for Mr. Volcker er 12, Mr. Willis has asked us to put a "hold" on Friday, Novemb from 3:00 p.m. to 5:00 p.m. Epr a Volcker Group meeting. CAL. NOTED. 9:30 AM - Is it all right to inform Mr. Betts' office that you will have lunch in the Secretary's Dining Room today? YES NO 10:30 AM - Mx. Auten called and said you had asked him about the Short-Term Forecasters meeting in Paris; that meeting is being held today and tomorrow and Mr. Liebling is not attending for various reasons. Mr. Liebling had sent you a memo about this, and it would now be too late for him to attend. 11:00 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Rogers of the American Security & Trust Company called for Mr. Barr to inquire whether you would have a prepared text for your luncheon speech tomorrow (Tuesday, November 9). I told him there was that possibility, And would confirm Bill later. Mr. Rogers also mentioned that he had invited Mxii41,:ber to the luncheon and wondered whether this was all right with you. I told him Mt. Weber did accompany you very often in his capacity as a member of our Public Affairs Staff but would check this out with kimx you, too. Is it all right that NO YES he attend the luncheon with you? Mr. Rogers Shall we tell/mm that you will have a prepared text? lcont'd/21 YES NO • Messages forMr. Volcker - 2 - Wnday, November 8, 1971 ty & Trust) Cont'd. 11:00 AM - (M1,Rogers-American Securi http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis given the message that Mr. Rogers also asked that you be the Kennedy Center had been the time for the buffet dinner at time for the theater performoved back to 6:30 p.m. and the 5 p.m. - when he said they mance in the Opera Hcuse was at 7:4 the performance actually liked to close the doors although ED. . didn't start until 8:00 p.m. - CAL NOT (Mr. Rogers - 624-4128) Massages for Mr. Volcker _ 3 Monday, November 8,, 1971 3:10 FM - Chairman Burns returned your call. 4:25 PM - Chrm. McCracken's secy. called and said there would be an EPC Delegation mtg. at 2:00 PM this Friday in Conf. Rm. 305, EOB. She knew there was a Volcker Group mtg. at 3:00 to 5:00 and at least this (2:00 PM) would give you e chance to attend the delegation meeting for a little while. 4:30 PM On cal. . Adams would like to see you when you are free. 4:40 PM - Mr. Peterson asked Mr. Petty to arrange an appointment with http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you and Mr. Petty at a convenient time on F Tuesday, November 16, for Ghana Finance Minister J. H. Mensah (and also 5 minutes with the Secretary, if convenient). secretary has suggested 2:30 office. XXXXXNXXXXXM Mr Petty's the meeting to be in your Is it all right to confirm? YES NO (2522) (Mr. Petty's office is having a briefing paper prepared and is also arranging for the recording officer.) Monday, November 8, 1971 - 4 - Messages for Mr. Volcker American Airways in Washin 5:10 PM - Russell Adams, Vice President of Pan cus Saints ton, called to invite you to be his guest at the "Cir day, November and Sinners"luncheon at the (latler-Hilton on Tues since year - and/the 23rd. He said there were four such luncheons a this Mills he "fall guy" for the/luncheon is Representative Wilbur thought you might be interested in going to it. luncheon is billed in circus terminology as follows: 11:45 a_rn He said the and gave the schedule 11:20 a.m. - Main Gate opens; 11:30 a.m. - cocktails; - side show; 12:20 pm. - big show and luncheon; 2..10 p.m. - adjourn. Mr. Adams is having a table of 12 guests; he said Dr. Walker was attending as someone else's guest. Your calendar is clear if the Ministerial meetings are shifted from November 22-23. Do you wish to accept Mr. Adams' invitation? Ittaw°' YES NO (659-7711) a meeting has been 5:35 PM - Mr. Shultze's secretary called to say that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (Tuesday) with arranged in Mxx his office for 2:30 p.m. tomorrow you, Mr. Petty and Kenneth Dam. NOTE: (ON CAL.)(West Wing,2nd F1.Wh.H.)1 is The Symposium by the American Security & Trust Company scheduled to adjourn at 2:00 p,mc NI\ - 5 - Messages for Mr. Volcker Monday, November 8, 1971 rned home from ov. Daane called to say that he has just retu 6:00 PM - V Europe and will talk with you at your convenience. He can be reached at his home 6:05 PM -4. Petty called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. (2522) Messages for Mr. Volcker - 1 - November 5, 1971 9:45 AM - Mr. Cohen called to ask if you and Mrs. Volcker could use a couple of tickets to the Det roit Symphony at the Kennedy Center this evening. I told him you had a black tie din ner this evening but I knew you'd app reciate his thinking of you. 10:45 AM - Mrs. Jackson at the Spa nish Embassy called to say the Spanish Ambassador, Jaime Arguel les, would like to see you on Monday or Tuesday if possible. Monday. I suggested 2:30 on She said the Ambassador wants to discuss the meeting of the Group of Ten. Both Mr. Reynolds and Mr. Rendall (who handles Spain) are on leave today, so I informed Mr. Mackour and also tal ked to Sam Cross, who I http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had thought, before I got word from Mrs. Jackson about what the Ambassador wanted to dis cuss, that he most likely wanted to invite the Secy. to stop off in Madrid if the G-10 meeting comes off in Rome. Since the Ambassador does want to discuss the G-10 meeting, would you like to have Sam Cross or one of his people sit in when the Ambassador comes? . Jackson - 265-4671) YES NO November 5, 1971 - 2 - Messages for Mr. Volcker 11:25 AM - Bob Cooney, of Mitchell Hutchins called and said he and Dave Williams plan to be in Washington either next Thursday and Friday or sometime the following week and would like to see you to talk about the markets and things in general. (NYC - 623-4546) Do you wish to see them? YES 7 -, ( NO 11:30 AM - Mr. Bennett would like to see you when there is a chance 11:40 AM - Mr. Satti of the Institutional Investor in New York called. He referred to a letter which he had written to the White House to arrange to have some Administration officials speak at a meeting the Institutional Invester is organizing in London November 28-29-30 Q He mentioned the timing of their meeting in relation to the G-10 meetings in Rome on Nov. 22-23 when the U. S„ officials would be in Europe. I referred his call to Mr. Wade° 11:45 AM - Leonard Silk of the NewYork Times called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that you be given the message that he would like to have a chance to chat with you before taking off for Europe tomorrow (leaving for the airport at 1:00 p.m.). He will be in his office until 5:30 pm this afternoon and at home this evening. -- He is planning to go to the G-10 Ministerial Meetings on the 22nd and 23rd and said he would see you there. office phone: His home phone: A.C. 212-4 556-1791. - 3 - Messages for Mr. Volcker November 5, 1971 . is feeling better 11:50 AM - Mr. Pannill called and said the Secy and, in fact, is quite relaxed and chipper. He suggests time (8:00 you call the Secy. at about 8:00 PM tonight our AM Saturday their time), I said you had an 8:00 PM black late but asked tie dinner but could afford to be a little we tried if Mr, Pannill thought it would be all right if to reach the Secy at 7:45 -- he said he thought that would be perfectly all right. Mr. Pannill said if you do not get tomorrow, the Secy. then, he will be gone and, after noon out of contheir time, for the next three days, he will be tact by telephone. ssy, called and would 12:20 PM - Ambassador Ortona, at the Italian Emba http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis like you to call him. 234-1935. Messages for Mr. Volcker Friday, November 5, 1971 - 4 - Newsweek called -- about 1:10 PM - Richard Thomas, Economics writer for rding the crisis quick guidance on a piece of information rega (298-7880) in to 1:40 PM - Sam Cross would like to come http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on your return from lunch, (5081) HE talk with you about G-10 Thursday, November 4, 1971 -1- Messages for Mr. Volcker irschtritt stopped by Wed. evening -- to ask that his name NOTE:-- be put on the list of those waiting to see you this morning. wants to talk with you about an ESF matter, Message from Marty Miller: He (2803) He was called by one of Mr. Gotts' ROUX.* Vice Presidents (here in Washington) and was told that from the number and nature of Mr. Gotts' commitments, it looks like he will decline theRchairmanship of the U.S.Industrial Payroll Savings Bonds Cmte. Mr, Miller has given Dr. Walker the name of the man next on the list. This is Edgar F. Kaiser of Kaiser Industries. 9:25 AM - Herbert Stein called. He asked that his call be returned. -- 103-50(4-5042 e expects to be in all morning.) 9:30Message from Executive Secretariat concerning Friday Staff meetin• gs: "Unless you have unavoidable appointments which conflict with Friday morning staff meetings, Dr,, Walker requests gs even though the Secretary is your attendance at these meetin• absent." -- NOTE: There will be a staff meeting tomorrow (Friday) in Conference Room 4426. 9:35 AM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ON CAL. Shall we inform Mr. Betts' office that you will•ave lunch in Secretary's Dining Room today? (5391) YES NO - 2 - Messages for Mr. Volcker November 4, 1971 12:10 PM - Gov. Daane returned your call and said he would call again when I told him you had newsmen with you. 12:15 PM - Mr. Bradfield stopped by and would like to see you when there is a chance. (He knows that Mr. Schaffner left a note for you telling you the outcome on DISC.) NOTE: - Mr. Bennett is tr.F.1-ng -to rescheduleiMr. Dorrance of the Phila. National Bank, et al) for 4:45 p.m0 this afternoon (from 4:15 pm) \ He is inviting Mr. Schaffner to attend this meeting (voluntary credit restraint program). say 12:05 PM - Mr. Sxhultz's secretary called to/that the meeting scheduled in his office from 5:00 p.m. to 6:00 p.m. tomorrow (Friday) has not been postponed since Mr. Petty will/be here to attend. She has asked that we put a "hold" on 5:00 p,m. on Monday, Nov. 8. for one hour. She will confirm. CAL. NOTED. 12:10 PM - Mrs° Lissance, social secretary to s the German Ambassador, called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to extend an invitation from him and Mrs. Pauls to a black tie dinner at 8:00 ipm, on Monday, November 22, in honor of Dr. Moeller, former German Minister of Finance, who is visiting, at the Ambassador's home, 1900 Foxhall Road, NoW. Mrs. Lissance said there would be 22 guests -- and these represent the people with whom Mr. Moeller has appointments during his visit0 I learned from Susan Steiner that an appointment had been requested for Mr. Moeller with you through the German Embassy. The appoint- (continued/p.3) Messages for Mr. Volcker - _ 3 _ Thursday, November 4, 1971 Dinner invitation from German Ambassador - cont‘d. ment secretary was told at the time that you would be away from Washington. On your calendar: Monday-Tuesday, November 22-23 -- G-10 Ministerial Meeting in RO1. Is it all right to regret the Ambassador's invitation to dinner? YES NO (Miss Lissance - 331-3205) NOTE: On your call to Mr. Shultz this afternoon concerning Couve fikbUok- de Murville, I left word with Mr. Shultz's secretary that you wished to talk with him before he sees Couve de Murville in the afternoon on Friday. You have an 8:30 a.m. appointment at Sidwell Friends School (for about an hour); Mr. Shultz has a meeting away from his office from 10:00 a.11-L until noon Friday morning„ Unless you reach Treasury and talk with Mr. Shultz before his 10:00 a.m0 meeting it possibly will be sometime after 12:00 noon before he returns your call. 4:00 PM - Dr. Walker's secy. called and asked if you would be available http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to attend a Cabinet Cmte0 meeting Friday at 10:00 AM in case one is held; Dr0 Walker will not be able to attend. She said she would let us know if there is to be such a meeting. Messages for Mr. Volcker 9:40 AM - Frazar Wilde called and would like you to call him. Hartford - AC 203 - 243-8811 10:05 AM - Mr. Schaffner called and would like to speak to you on the phone. 2386 10:30 AM - Gov. Daane called. He said he must have your guidance before he goes into a session with Juan Cameron of Fortune, who he says has already seen Bob Solomon and others, and also that Juan Cameron has gotten hold of some papers. All this has to do with the thrust of the article Juan Cameron is doing on the genesis of the new economic policy. Gov. Daane's appointment had been for 3:00 pirri. this afternoon - but is being rescheduled possibly for later this afternoon, now/bReaus 10:40 AM - Peter Peterson returned your call, 10:45 A41 - Mr. Hayes called re his and Mr. Coombs' coming down this http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 November 3, 1971 - 1 - afternoon for a talk before the Basle meeting, which Mr. Hayes said he was attending and Coombs may not. Mr. Hayes said he had an important luncheon today which he would have difficulty in getting out of. I told him you had the Australian Prime Minister coming to see you at 3:30 and w you probably wouldn't be able to see Messrs. Hayes & Coombs until about 4:30 anyway so I thought the 3:00 o'clock Shuttle would be the best and asked if that would permit him to keep his luncheon engagement. He said that would be fine Messages for Mr. Volcker - 2 - November 3, 1971 and they would plan to take the 3:00 o'clock Shuttle unless they hear to the contrary from us. I informed Mr. Nelson of this call. 10:50 AM - Mr. Schaffner called amixiit again and said State has asked http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Treasury for clearance on an outgoing OFDI cable which asks Embassies abroad to report on anticipated reactions of foreign governments to relaxation of FDIP. Embassies are requested not to discuss the matter outside of the Embassy. (1) Mr. Schaffner would like to know: Do you approve release of the cable (he doesn't have a copy of the cable; State just called him and gave him the gist)? YES NO (2) 3 Should the cable be LIMDIS for Treasury reps only? (State is sending it to other places where we don't have Treasury reps.) YES NO e. _ 3 Messages for Mr. Volcker Wednesday, November 3, 1971 11:00 AM - Mr. Bennett asked that you be given the message that he is attending a White House meeting this afternoon - and possibly NYFed may be a little late for the 4:30 p.mdmeeting in your office. NOTE: State called to say that Aldo Maria Mazio, formerly Italian Amb, to Belgium, now taking his new post as head of the Washington I referred EC office, would like to pay a courtesy call on you. the matter to Sue Steiner, who handles EC, and she recommended you see Mr. Mazio, so I suggested 4:00 PM next Monday. Sue will send down a memo. 2:00 PM - Ji Parker of Public Affairs called to say thatthey had heard f om AP about the Australian Prime Minister afternoon, visit with you this According to Mr, Parker, the standard procedure is for Public Affairs to escort the photographers from AP (it could also be UPI, and some others) to your office for some informal pictures (in this case, of you shaking hands with the Prime Min.), He mentioned this as being more for Australian papers than for U.S. publication, He called to alert you -- and said that either he or Bill Weber would escort the photographers here. 5:00 PM - fessage from Marty Miller: MwdRxikuttlixigxmluitioiRxtoxlimx He as called by one of Mr, Gotts' Vice Presidents (here in Washington) TRA and was told that from the number and nature of Mr. Gotts' commitments, it looks like he will decline the chairmanship, Mr. Miller is giving Dr. Walker the name of the man next on the list, This is Edgar F, Kaiser of Kaiser Industries. 5:10 PM - Mr, Hirschtritt says he needs to see you tonight on an ESF matter http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • November 3, 1971 5:10 PM RE: Call to the Secretary Mt. Frechtling says it is a little past 5:00 AM Nov. 4 in Bangkok, where the Secy. is, and, so far as he knows, the Secy. has nothing scheduled for this morning excepting to board his plane with wheels up scheduled for 10:00 AM Bangkok time and arrival at Djakarta at 1:00 PM Djakarta time. In order to phone the Secy., we should call the White House Operator and ask for Joss 7 and ask to speak to Secy. Connally. The Joss 7 Operator has the Secy's schedule and knows how to reach him. Since no one knows when the Secy. may awaken, we could, if you wished, phone Bob O'Bannon, who will doubtless be up early getting ready for the plane's departure, and ask him to get word to the Secretary to call you when he is up. Or we could call Secret Service Agent Warner, who is the head Secret Service Agent with the Secy. MA Messages for Mr. Volcker - 1 - November 2, 1971 PENDING FROM YESTERDAY: (1) Mr. Samuels would like to talk to you on the phone. (2) Hans Widenmann wanted to talk to you last evening and had 101 - 20410 left his home phone - AC 201 - 744-6611). 10:45 AM - Mr. Nelson would like to speak to you on the phone when you return about arranging to have Mr. Coombs come down for a talk before he leaves this Thursday for Basle. 11:00 AM - Marty Miller stopped by. 2884 He would like a few minutes with you to talk about plans for the future operation of theU.S. Industrial Payroll Savings Bonds Committee and will come by about 9:30 a.m. on Monday, Nov. 8,(after staff), if this is all right with you. Your calendar is clear. Is it all right to confirm? YES NO (2219) 9:30 AM - Delores in Jim Smith's office called and said they had a http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis phone call from Senator Len Jordan's office about a letter from a constituent saying they understood the Comptroller of the Currency's NifiER term of office was about to expire and suggesting a good replacement. I checked with Bill Newdick who is supposed to keep track of top officialsa in Treasury and was told that Mr. Camp's term of office expires on February 1, 1972. He is a holdover from the last Administration and the term of office is 5 years. Mr. Newdick said the Secy. Messages for Mr. Volcker November 2, 1971 - 2 - lacements for has had a number of letters suggesting rep the letters to Mr. Mr. Camp and the Exec. Sec. has sent Newdick for routine handling. I gather he is somewhat at procedure is. a loss as to what to do and what the I believe er to the extent there you have supervision over the Comptroll the person to dicker is supervision and would probably be nt. with the White House about a replaceme What do you suggest 's office? Mr. Smith's office tell Senator Jordan Foreign Relations called 12:10 PM - Mr. Nagorski at the Council on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ty on our part. to ask for a little "subversive" activi ter from David Rockefeller, He said they have invited (via a let to a very special sent some three weeks ago) Secy. Connally major U. S. black tie dinner for the presidents of the s and suggested a corporations who are subscribing member y are quite flexible date sometime in March or April, but the and could do it earlier. He said they haven't had a word in response to the invitation. I reminded him the Secy. and the Secy. would most of his staff are in the Far East and on another trip, only be here a short time before taking off e before he had a so I thought it would probably be some tim chance to focus on it. Mr. Nagorski said they would very possible, by much appreciate some sort of indication, if iate anything you the end of the month and they will apprec - 3 - Messages for Mr. Volcker November 2, 1971 can do to facilitate and speed a response. said the Deputy Director of 1:00 PM - Mr. Whelihan at OEP called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis much involved in OEP, Darrell Trent, ix who has been very ay evening on the wage -price freeze, is leaving this Frid in conferences a trip to Europe, where he will participate es under the freeze over there and give talks on the activiti and he will also be meeting with the press. Mr. Trent is the intl. concerned that he will get some questions on ing, and he is monetary situation, about which he knows noth briefing book on asking to be briefed and to be provided a this subject. Mr. Whelihan said you know him and he had the White House. talked to you several times when he was in His number is 395-5678. about this yourself? Would you want to talk to Mr. Whelihan Messages for Mr. Volcker 3:10 PM - Leonard Dixon called. - 4 - Tuesday, November 2, 1971 He said he needed to talk with you for a minute about the trip to Rome - and asked that his cal be returned. (5607) 3:12 PM - Dr. Wallich called. He is leaving Treasury at 3:30 p.m. or for his plane to New Haven 3:40 p.m. this afternoon/and is anxious to talk before then. (5881) 3:00 PM - Mr. Hans Widenmann called & would like you to call him. AC 201 - 744-6611 3:45 FM - William Grant, President, Smith, Barney & Company, called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Hu said he had written to you about several things -- one of which is a very personal one for you alone and relates to the French government. One of Mr. Grant's partners, who runs a foreign operation -- Juan de Liederkerke -- is extremely close to the French government; Pompideau's Financial Adviser is Mr. de Liederkerke's closest friend. Mr. Grant had told you that the next time Juan was here he would have him call you -- because of the immediate input he can give you.which would not come through any other channel. Mr. de Liederkerke will be in New York the rest of the week and can be reached through Mr.GranIt's office - A. C. 212-333-7233. regards. Mr. Grant aTikRENthat gives his - 5 - Messages for Mr. Volcker Tuesday, November 2, 1971 be given the message that Dr.Walker 4:45 PM - Marty Miller asked that you has accepted the chairtalked with Mr. de Butts, Mr. de Butts 1 manship eaa serve as of the United Fund for New York so he l Savings Committee this Chairman for the U.S. Industrial Payrol for another year. year -- but is willing to consider it Steel, who is on his Dr. Walker then talked to Ed Gott of U. S. say to Spain. will let Mr. Gott said he will consider it and Dr. Walker know in threeor four days. invitation for the Fed luncheon 4:50 PM - Katharine Malardi extended the the day you are attendtomorrow, Wednesday, November 39 which is ing for Brookings the meeting of the Visiting Committee rting at 10:00 a.m. Institution Economic Studies Program sta through lunch and most of the afternoon. We have regretted for ing the Fed luncheon you -- and Mr. Bennett's office is arrang on a staff level. Intl.Center for Scholars of son Wil w dro Woo the of man Alt Ann PM 5:00 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Smithsonian Institution called. The time for the meeting with n changed from 3:00 pm to Prime Minister Indira Gandi has now bee 4:30 p.m. km0Oxpxmx to 3:30 p.m. - to last until They are asking for the Prime Minister's that the guests all arrive at 3:20 p.m.s arrival at 3:30 p.m. B For security reasons, everyone has to be inside before her arrival. CAL. NOTED. Dorrance, etc. of the -- You have a 4:15 p.m. meeting with Mr. Mr. Bennett. Philadelphia Natl. Bank -- arranged by - 6 - Messages for Mr. Volcker 5:15 PM - Ed Cohen called. Tuesday, Nov. 2, 1971 u He would like to come in to talk with yo r the Secretary. about the briefing book on Japan fo (The t it to him.) Executive Secretary will arrange to ge Mr. Cohen and can come in at your expects to be here until 8:00 p.m, convenience. Mg4 (5363) you to know that, ed nt wa he id sa d an secy. called 4:30 PM - Mr. Cole's e point, DISC will be th is th at e se n ca il Va so far as Tom at the 2:00 PM meeting, ow rr mo to da en ag e th first item on u the Capitol. I assume yo at 6 12 S. in ld he which will be back here to see the be d an ay aw k ea br to le will be ab Also, Mr. Nelson said . 30 3: at er st ni Mi e im Australian Pr rning ctors meeting Thursday mo re Di of rt so me so s ha Mr. Coombs for a session tomorrow wn do me co to le ab be ly and would on ock ing of taking a 2:00 o'cl lk ta pt ke bs om Co . Mr afternoon. tle g him a 3:00 o'clock shut in ll te pt ke on ls Ne . Mr shuttle and may bring Mr. Haye.7i with bs om Co . Mr , so Al . er tt would be be in lk to Mr. Coombs again ta d ul wo he id sa on ls Ne him, Mr. t I warned Mr. Nelson abou . ts en em ng ra ar rm fi d an the morning ink I'd better see if th I d an g, in ar he e nc na the Senate Fi group meeting from g in nc na fi e th t if sh t n' Mr. Bennett ca . 5:30 tomorrow to Thursday asked him to call you this u yo id sa d an ed ll ca in ev Sl 6:15 PM - Joe g be in his office this evenin l 'l He g. in ll ca is he d an week http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and tomorrow. 638-2844 Messages for Mr. Volcker NOTE: Monday, November 1, 1971 - Gene Carlson of United Press International stopped by late Friday evening and said he had heard that the Secretary has issued a formal invitation on the time and place of the Finance Ministers meeting next month. told him I had no informati I He asked me whether I would get confirmation w ether this was so from you and left word that he cou d be reached in Treasury's press quarters on Extens Is it all right 2156. • just say that we have no information? NO YES (2) Weir Brown stopped by after you had left. left He/ixximaving Washington early afternoon on Saturday, and indicated he would call you at the office about 11:00 a.m, for a short conversation with you if you had come in. 9:05 AM - Gov. Daane called. He would like to talk with you sometime today when its convenient. 10:15 AM - Mr. Bennett stopped by. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 (1) " 1 He said he wanted to schedule a financ- ing meeting with you sometime on Wednesday -- and also to discuss several speeches he is going to make. I have given Mr. Bennett your schedule for Wednesday: Visit- ing Committee meeting at Brookings from 10:00 a.m. - through lunch and to mid-afternoon. At 3:30 p.m. Australian Prime Minister McMahon, U.S.Amb.Rice (and 4 staffxpmmpiRxfiax Australians in the Amb.'s party) are coming in to see you. (cont'd./2) Messages for Mr. Volcker - 2 - Monday, November 1, 1971 (Mr„Benntt) 5:30 p.m. on Wednesday, November 3, is all right with Mr.Bennett, for the financing meeting -- and your calendar is clear then. Is it all right to confirm? YES NO (Lorraine) 10:45 AM - Mr.Nelson called. to He would like to come in/talk with you about some swap problems. I told him we would cal/ on your return from the Hill; or, if there was not time before lunch, he will call again about 4:30 p.m. since he would be going to the Hill at about 3:00 p.m. (2884) 11:20 AM - Jim Lokan of the White House called. returned. He asked that his call be (456-2777) 12:00 M - Mr. Bennett asked if you could see Mr. Dorrence, Chrm. of the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Philadelphia National Bank, and two friends of Mr. Bennett's, Jim Green of Manufacturers Hanover and Ellsworth Donnell of Bankers Trust,after 3:30 PM this coming Thursday or before 10:00 AM on Friday, who want to discuss changes in the voluntary credit restraint program. Mr. Dorrence is on the Federal Advisory Council and will make the same pitch at the Council meeting that he wants to make to you; this is why Mr. Bennett is suggesting the above times -- so Mr. Dorrence can talk to you before talking at the Council meeting. Is it all 4 November 1, 1971 - 3 - Messages for Mr. Volcker right to give them an appointment? We may have to juggle things a bit. YES) NO Mr. Bennett would also like to see you sometime when you can spare a little time -- it is not urgent. afternoon, 12:15 PM - Mr. Adams would like to see you sometime this preferably around 3:30 or so. I said we'd call him. extend an 12:45 PM - Mrs. Howell called from the Belgian Embassy to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis invitation from Ambassador and Mrs. Loridan to you and Mrs. Volcker to a recital followed by a black tie dinner at 7:30 PM Tuesday, Nov. 30, at the residence, 2300 Foxhall Rd., N. W. Your cal. is clear. (Mrs, Howell - 338-2320 between 9:30 & 1:00) ACCEPT REGRET 1/ -4- Messages for Mr. Volcker 2:20 PM - Mr. Liebling called. Monday, November 1, 1971 He said he and Mr. Auten would like respect to to meet with you sometime this afternoon with short-term what the U. S. position should be on the OECD forecasters' meeting on Nov. 8th - 9th. Mr. Liebling is attending a delegation meeting at 11:00 a.m. tomorrow and would like to have your guidance before then. (15 min.) 5:30 p.m. I have put Messrs. Auten and Liebling down for ON CAL. you to call him. 3:45 PM - Mr. Samuels called and would like 4:50 PM - Doug Frechtling cal 101 - 20410 He asked that his call be returned. (2471) 4:40 PM - Hans Widenmann called from his home in New York. He said it was urgent that he talk with you and can be reached at his home through the evening. 4:45 PM- Mr. Nelson called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (A.C. 201-744-6611) Said he was back from the Hill and available Friday, October 29, 1971 Messages for Mr. Volcker utive Secretariat: 10:55 AM - Message from Exec In-Depth Staff Meeting November 9, has been y, da es Tu on m. a. 30 9: r fo scheduled postponed. nn and n's assistant) called from Bo or lh el ho Sc r. (D lf Wo . Mr 12:25 PM ssage that "they are able to asked that you be given the me 22 and 23 of November for the er mb ve No of s te da e th m ir nf co th whether he had been in touch wi m hi d ke as (I " n. Te of p Grou yes.) Dr, Schoellhorn and he said called his office and asked , ll Hi e th on is o wh , er lk Wa 12:30 PM - Dr. u as to whether John deButts of yo om fr er sw an e th t ge to them head the Industrial Payroll to st li e th on xt ne is o wh T&T, ptable to the Secretary ce ac is , tee mit Com s nd Bo s Saving before he makes a call to him, 12:40 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Message from Mr. Cross. •MI ON= (2801) out He has informed Bob Solomon ab eting. the proposed cable on the G-10 me Mr. Solomon will the Chairman will want at th ks in th he t bu ow kn s rn Bu let Dr. a later date might be lt fe d ha he e us ca be u yo th wi lk to ta advisable. 7?4 ,94 - 2 - Messages for Mr. Volcker 1:00 PM - Mr.Hennessy called. Friday, October 29, 1971 He asked that you be given the message that Don Syvrud is accompanying Counselor Robert Finch of the White House on his Latin American tour beginning Saturday, November 6th. They will visit Peru, Argentina, Brazil, itexadoe Ecuador and Mexico. Mr. Syvrud will make contact with central bank and finance ministry people. It would be useful to have a prior briefing session with you of on the "state of play" of the international monetary situation and the Administration's party line. Mr. Hennessy said one solution would be to have a meeting of LDC Executive Directors at the IMF next week, headed by you, with Messrs. Syvrud and Hennessy along.* (Please see (Mr. Hennessy - 2748) 1:05 PM - Mr. Cole said that he, Mr. Patrick, Mr. Nolan (and maybe Jim Smith) were to come back to continue tkeix the discussion on DISC. I have given them 5:30 p.m. - and told them the time would depend on the conclusion of your 3:15 p.m..meeting and I would inform them of any delay. (5046) ON CAL. 1:05 PM - Mr. Cole also asked that 10:00 a.m. to 12:00 noon be blocked http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis off y on your calendar on Monday, November 1 for your appearance in Executive Session of the Senate Finance Committee on DISC, CAL. NOTED. Messages for Mr. Volcker NOTE: _ 3 _ Friday, October 29, 1971 - * Mr. Heanessy's message Is it all right to arrange for the meeting suggested by Mr. Hennessy? all right? If so, is 11:00 AM on Tuesday, November 2, He thought it shouldn't last more than 3/4 hr. YES NO OTHER (2748) 3:35 PM - Gov. Daane has been urgently trying to talk with you on the phone. meeting. NOTE: I told him you had gone into at least a 2-hour He asked that his call be returned. - Blanche had brought in all the background papers on the call to de Butts (AT&T) for the chairraansliip of the U. S.Industrial Payroll Savings Committee, Dr, Walkcr expected to spend all afternoon on the Hill, and he thought you cou ld make the call for him. I told her you were ging to be tied up in meetin gs all afternoon -- and when you left for the meetin g in the Secretary's Conf. Room I returned the papers to her with the message that you probably would not be free until about 6:00 p.m. 4:30 P.M.- Bill Weber called to remind you tha t you had indicated you would see Juan Cameron of Fortune -- who is doing a story on the genesis of the new economic policy - and asked whether he might have an appointment next week, right to give him an appointment? Mr.Weber 2615 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis YES Is it all NO If yes, is 11:00 a‘m. on Thursday, Nov. 4 all right? Messages for Mr. Volcker - 1 - Thursday, October 28, 1971 9:00 AM - The Secretary's Operator has informed us that there will be a full staff meeting in Room 4426 tomorrow (Friday). ON CAL. 9:15 AM -Edwin Segal of the Yugoslav Desk at State called to say that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis plans had been completed now for a luncheon hosted by Mr.Samuels for Kiro Gligorov, Vice Chrmn. of the Fed.Economic Council - and No. 2 man in Tito's party. The luncheon is at 1:00 p.m. in the Executive Dining Room of the National Academy of Sciences, which is located across the street from the "C" Street entrance to the State Department - on Friday, October 29th. Attending from the U.S. Messrs. Samuels, Stein, Henry Kearns and Mr. Saga Segal -- and he has included you in the list. YUGOSLAVIA: Kiro Gligorov; Mrs. Mirjana Krstinic, Member of Federal Executive Council (Cabinet rank); and Marko Vrhumec who is Director of Economic Matters in the Office of the President. I have informed Mr. Deming that you will have lunch with him at the Cosmos Club on Friday, and I had given Mr.Segal the information yesterday that you had a luncheon commitment. Will you attend the Samuels' luncheon? or let the luncheon with Mr. Deming stand NOTE: YES YES NO NO I checked Mr. Petty's calendar for lunch tomorrow and he is lunching with an out-of-town banker; Mr,, Bennett is going to New York late this afternoon (with Mr.Adams) and will not be here tomorrow. (Mr. Adams will be back in Washington and in his office between noon and 2:00 pm when he has a meeting at EOB) • • Messages for Mr. Volcker NOTE: Thursday, October 28, 1971 Jerry Newman has checked Ambassador Jolles schedule and finds that it is completely closed. You are his last appointment and this is being left at 2:30 p.m. on Friday. 1:30 PM - Mr. Hall of the Australian desk at State called to ask about http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis "numbers" for the Australian Prime Minister's visit at 3:30 pm on Wednesday, November 3. It has been proposed by the Australians that the following accompany the Prime Minister: the U. S. Ambassador Walter Rice; Sir Keith Waller, Secretary of Foreign Affairs; Sir John Bunting, Secretary of the P.M.'s Department (Civil Service Senior); Mr. R.J.Whitelaw, First Assistant Secretary, DR Australian Treasury, and Mr. Visbord of the Australian Embassy. Mr. Petty, Mr. Cates and Mr.Mackour (as recording officer) for the Treasury. Do you have any objection to the size of the entourage? (Mr. Rendall points out that if the U.S.Ambassador entered into the Treasury count, this would balance out the Australian and Treasury representation.) Is it all right to inform Mr. Hall that this number is satisfactory with you? MI YES NO Too many? Mr. Hall - State; 101-221250 zht /0 Messages for Mr. Volcker Thursday, October 28,1971 -2- - 4:15 PM - Derek Mitchell called to ask for an appointment with you on He is going to London Tuesday afternoon (0Ktiatiamx November 2). next week. I gave him 5:00 p.m,, (ON CAL.) (181-3186) --••••••••raPIr He asked that his call Governor Daane called this morning. NOTE: be returned. (147-211). 4:20 PM - Mr. McGhee of the American Red Cross has asked for a confirma- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ../ tion from you that you will attend the Endowment Fund meeting at 11:00 a.m. on Monday, November 8th. Is it all right to confirm? Your calendar is clear. - .7.. /i e. A/ YES (857-8486) NO L••114.1081fr,/67 10AI k' Thursday, Oct. 28, 1971 Messages for Mr. Volcker ask when it might be convenient for 5:35 PM - Mr. Pelikan called to ef you on the question him and Mr. Suchman to come in to bri http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ties (Swiss candidate of EEC preferential trading possibili for one type with EEC) ••• .1M• for your visit with Ambassador Jolles at 2:30 p.m. tomorrow (Friday). tomorrow. ON CAL. I have given them 11:00 a.m. Messages for Mr. Volcker _ 4 _ Thursday, October 28, 1971 4:30 PM - Gene Birenbaum called to talk with you. He said to give you his regards and she will try to reach you another time. Newman to 5:00 PM - Mr. RuNdaii raised the question as to whethet you ought axxamgRxtig meet with the Canadians in one of the Conference Rooms since the total of Canadians and Americans attending Okef iPk.y/"' will be 10 or 12. (From Treasury: Messrs, Petty, Cates, Schaffner, Newman) Do you prefer to meet in your office? ShAll I arrange for the small conference room (4125)? 6:30 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Samuels called, (101-20410) He asked that his call be returned. MESSAGES FOR MR. VOLCKER NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Wednesday, October 2771 on the phone at 7:35 pm, The Secretary called to talk with you Tuesday evening. dinner and asked whether I told Rose you had left for the IBA to you at the Madison. the Secretary would like me to get word ts tokalk with you before The message from him was that he wan anything is set on the Rome meeting. Messages for Mr. Volcker 9:05 AM - Pet,er Flanigan called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - Wednesday, October 27,1971 I asked his secretary to inform him you were in meetings away from the office and would i that having return about 10:00 am. She said he would be/im a meeting in his office but could be called out. Messages for Mr. Volcker NOTE:1) - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - i3 _ Wednesday, October 27, 1971 this afternoon with the message n Bon m fro led cal er ill Seh Mr. erial meeting will be that the date of the next Minist November 22 and 23. 2) . Hargrove and McKennon has The 8:15 a.m. meeting with Messrs sday, November 2. been shifted to 3:00 p.m. on Tue REMINDER: is 8:30 a.m. Your appohtment with the Secretary since he tomorrow morning instead of 9:00 a.m. has a 9:15 a.m. meeting. Wednesday, October 27, 1971 - 4 - Messages for Mr. Volcker called with 11:25 AM - Mr. Leahy, Office of Chief of Protocol, State, n regard to the visit by Prime Minister of Australia McMaha at 3:30 p.m. on Wednesday, November 3. He asked whether it would be all right for the U.S. Ambassador to Australia, I told him I thought you would have Walter Rice to sit in. no objection but would put the question to you. ShalL1 tell Mr. Leahy that is is all right for the U. S. Ambassador to accompany the Prime Minister ail for his visit with you7 NO YES 11:30 AM - Mr. Schaffner called. He said that he, Assistant Secretary (for Domestic and International Business) of Commerce Harold Scott, and Mr. William Hoyt,iDtrector, OFDI would like to come in to see you to discuss next year's OFDI program. He asked for sometime on Thursday, November 4th - and I tentatively gave him 4:00 p.m. YES Is i all right to confirm? NO 12:30 PM - Joseph Barr called and referred to a telephone call from http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mae saying that you might be out of the country on Nov. 9th, the dpy you have agreed to be luncheon speaker at his bank's symposium on Govt. Agencies, and inquiring whether Mr. Barr would have a standby in this case - or whether he would like you to suggest someone. have Mr. Adams He said they would be very happy to should you not be here for the engagement. cont'd/p.5 Messages for Mr. Volcker - 5 Wednesday, Oct.27. 1971 Joseph Barr - cont'd. Mr. Barr suggested the subject: The financing of quasi- public corporations. 3:00 PM - Mr. Ahearn called from Philadelphia saiimi about a personal http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis matter. He referred to the IBA and Association of Stock Exchange Firms merger this year -- and as a result of the merger, he said, the mutual fund industry is being excluded from the merged organization and this means that his tenure on the IBA Committee will end this year. There apparently is a meeting today to see whether there could be, in essense,= a "grandfather clause" in the merger agreement so that existing members of the Committee could remain on if the Chairman and the membership wanted them even though their was organization wiers/no longer part of the new IBA arrangement. Mr. Ahearn said that if you had any personal interest in having you might this him continue ifxpentxximmii/express mx/interest to Gordon Calvert, the Executive Director of the IBA. He called since he had been told about the possible "grandfather clause"; and if this is hanging in the balance perhaps if you interested yourself in this it might swing the balance. He hoped to talk with you about this sometime tomorrow when you are free and can be reached at his office on A.C. 617-742-8100. Wednesday, Oct. 27, 1971 6 - Messages forMr. Volcker 2:45 PM - Howard Binkley, who is in charge of the luncheon session of the National Economists Club, called to see what arrangements, if any, you might want him to make. He hoped you could at at the cocktail party - and said he would look for you at the entrance to the Grand Ballroom at the Mayflower and should you be unable to attend the reception he will meet you at the entrance to the East Room where the session will be held and escort you to the speakers table. He mentioned the fact that the group attending count some members of the press az ammang their members. He mentioned, too, that the speakers at the morning session have not asked to be Biburth off-ther an record tomorow. However, if you prefer the/off-the-record caveat there could be some announcement made to that effect prior to your speaking. I told him I would let him know in the morning what your preference is. (He asked for your bio which I have given to Bill Weber who will be at the luncheon.) (Mr. Binkley - 296-2440) Shall I tell Mr. Binkley your speech will be off-the-record? prepared released text? 3:30 PM - Mr. Gannon called to inquire whether you will be in your office http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis during the period Thursday-Sunday, November 11-14. Dr. Walker has agreed to do a speech in the Bahamas and would very much like to keep this engagement. However, with the Secretary away, Mr. G nnon int said he felt that either you or Dr.Walker conti Wednesday,Oct.27,1971 7 - Messages for Mr. Volcker should be on the premises as Acting Secretary. I mentioned the fact to Mr. Gannon that you might have other plans, and thought you probably would zi discuss this with Dr. Walker. 4:30 PM -Edwin Seal of the Yugoslav Desk at State called to thm say that garox, who is g up for Mr. Gli• a possible luncheon is ks shapin• Vice Chairman of the Yugoslav Federal Executive Counsel, fax on Friday, October 29th, by Mr. Samuels. This was waiting for final approval by the Yugoslav President, whom they felt should be consulted and he would be back. He inquired as to whether your calendar was clear for lunch on Friday, and I told him that you had a luncheon engagement but the imx information would S. related to you concerning the Samuels luncheon.i At this point, the luncheon arrangements are not firm. 5:00 FM - Mc. Auten called about the XID TROIKA luncheon tomorrow and asked whether you could sit in for the Secretary who would be delayed immume because of a television appearance. you had a speaking •enga•gement ••• I told him and Mr. Auten said in this case they would necessarily have to delay the meeting until the Secretary could join the group. 5:30 PM - Dr. Wellich called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (Mr. Auten is attending.) He was leaving Washington for New Haven and would like to talk with you sometime tomorrow when you are free. (A.C. 203-436-8290). Tuesday, Oct. 26, 1971 Messages for Mr. Volcker NOTE: a message that The Secretary's Operator called with saying that he was Dr. Burns had left over the weekend, sorry he didn't get to say goodbye. (His secretary said cheon abruptly on this referred to his having left the lun Saturday.) 9:45 AM -- Cross would like Mr. Willis called.s He said he and Mr. do next during to see you sometime today about "what to this short week." I put them down tentatively for 2:45 pm ld confirm. this afternoon - and told Mr. Willis I wou 2:45 p.m.? Is it all right to have them come in at YES NO (Mr. Willis) 10:00 AM - ernoon. I have given Marty Miller 4:30 p.m. this aft ONtAL. Desk, OASIA, called to 10:05 AM - Ellen Maloney of the Netherlands dorf, who is in say that the Netherlands Ambassador Midden see the Secretary Washington today and tomorrow, was going to during his visit. The Secretary is unable to see him now oney called to because of calendar priorities and Miss Mal ask whether you might see him. The Ambassador has open oon - or any time at 4 5:00 pomQ or 5:30 p.m. this aftern rt. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis dnesday. Is it all time during the afternoon tomorrow (We dnesday)? (8004) right to give him 4:30 p.m. tomorrow (We NOTE: Mr. Cates would like to NO YES sit in. Is this all right? YES NO Tuesday, October 26,1971 - 2 - Messages for Mr. Volcker 10:20 AM - Frederick Deming Sr.'s secretary called from Minneapolis to say that he will be in Washington on Friday (Oct. 29) of this week and would like you to have lunch with him at 1:00 p.m0 at the Cosmos Club, if possible. / , / Your calendar is clear. )1/:4? Do you wish to accept? YES NO (A.C. 612-335-6586 - M Evonne Johnston) 10:30 AM - Peter Peterson called, He asked that his call be leturned. 10:40 AM - Warren Cameron of Fortune Magazine called. Tkm* Fortune is doing a chronological story of Phase I and Phase II amelimilxilkm paxtiolipaRtx and Mr. Cameron would like to come in to talk with you (as one of the participants). Christopher Dow called from Paris. 10:50 AM I referred him to Mr.Weber. He will call back about noon. I spoke with Mr. Adams about the meeting he and Mr. McKennon NOTE: wanted to have with you and Mr.Hargrove on the Federal Financing Bank bill. Mr. Adams said the tentative time I have set up ,541. ON (4:30 p.m. on Thursday, Oct. 28) is out since he will be in New At. c/ iar t ) lork. He suggested meeting early on Thursday morning. rt/ don't pla http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis If you on attending the morning session of the National Econom sts Club (from 9:30 am. -- you are the speaker at the luncheon session at the Mayflower), is it all right to suggest 9:45 AM? YES NO (or, alternatively, an earlier meeting at 8:00 a.m. - prior to the Staff meeting - YES ) (Participants -Treas.: Mr.Adams,Cavanaugh & Bennett)i NO Tuesday, October 26,1971 - 3 - Messages for Mr. Volcker He asked that his call be returned. 11:55 AM - Peter Flanigan called. 12:15 PM - CALENDAR NOTES FROM Mrs. Volcker: 7:00 p.m. (1) Saturday, October 30 -/Dinner at home with Ricky Kavesh. CAL. NOTED, (2) FRIDAY, November 5 - 8:30 a.m. to 9:30 a.m. - Appointment with Jimmy at Sidwell Friends School. 2:25 P19.'"Gov. Daane called. He asked that his call be returned. 66 12:00 Noon - ON CAL. r‘ .40 WV( zApi,ap . s Ar-u.,Aris-- RICHARD C. RIECKEN [AA c.k.xsaJA-1/ EDITOR AND RESEARCH DIRECTOR 51 WEAVER STREET GREENWICH. CONN. 06830 BAXTER 203-661.3730 A WORLD ECONOMIC SERVICE 2:31 PM , Mr. Adams and Mr. Bennett stopped by to ask whether you would like to meet with the financing group this afternoon. 2:45 PM - Mr. Petty called. He asked for about 5 minutes with you to d'scuss preparations for the Secretary's trip (before you meet with the financing group), b/ / NOTE: 2:50 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2522 I have suggested to Mr,, Willis and-Kr. Cross that 5:15 pm , might be a better time for them to see you since you had not returned from the Secretary's office. Messages for Mr° Volcker - 1 Friday, October 22, 1971 - 9:30 AM - Mr. Hennessy is anxious to talk with you before the OPIC Board meeting at 9:30 AM on Tuesday, October 26° He will attend, since you will be meeting with the financing Committees on that day. Mr.Hennessy expects to be in Treasury on Monday, the 25th - or can be reached at his home through the Secretary's Operator sometime over the weekend° 11:20 AM - Mr. McGhee of the National KXXX Red Cross called to say that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he was trying to set up a meeting of the Endowment Fund and wondered which of the following dates would be best for you° The meetings start at 11:00 am and last usually until 12:30 pm Monday, Nov. 8 - Your calendar presently is clear° Wed., Nov. 10 - at 12:30 pm you have been invited 31 to a luncheon meeting of the Intl. Business Advisory Cmte(IBAC) --composed of 15 senior businessmen to advise the Commerce Dept. on Trade and Investment policy-- by Secretary Stans. Fri., Nov. 12 - Calendar presently clear, except for the possibility of your trip to Japan (Nov. 9-12) Shall we say that 11:00 a.m„ on Monday, November 8th is free for you to attend the Red Cross Endowment Fund meeting? YES (Mr° McGhee - 857-8486) )( NO tr-t1 711101 Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - October 22, 1971 ed travel schedule for Secy's pos pro a t tha me d tol on Dix Mr. office for approval and he Far Eastern trip is in the Secy's me today. hopes to get some word on it someti In the meantime, y. would arrive in Tokyo under the proposed schedule, the Sec ld leave Tokyo on the at 9:30 PM on Tues., Nov. 9, and wou at Andrews the evening of morning of Sat., Nov. 13, to land the same day. has an Mr. Dixon will let me know when he approved schedule. and If the above schedule is approved the same time as the Secy., ut abo yo Tok in ive arr to ted wan you be NW Flight 3, whiEkx the quickest and best flight would imsxxiNsiiiolsxakxixiR as follows: Monday, Nov. 8 1:15 2:17 3:15 5:27 6:25 PM PM PM PM PM - Lv. Dulles via NW 3 (747) Arr. O'Hare Lv. O'Hare (same flight) Arr. Anchorage Lv. Anchorage (same flight) Tuesday, Nov. 9 one-half hour ahead of Secy.) ive arr ld wou u (yo yo Tok . Arr PM 0 9:0 s not require a change This NW flight is the only one that doe e than any other flights. in planes and it takes less transit tim ld be a seat for you to If you were to go to Tokyo, there wou ne, if you wished. return to Washington on the Secy's pla Messages for Mr NOTE: - 3 - Volcker Swiss Amb October 22, 1971 Paul Jolles, Director of The Trade Division of the Dept. of Public Economy, will be in Washington next week and has asked to see you, among others. Jerry Newman recommends that you see him if you can and says there are several issues we can raise with Mr. Jolles, including the sale of some aircraft to Switzerland. Your cal, is clear on Friday, Oct. 29. Is it all right to give Amb. Jolles 2:30 that day? YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Rendall, who handles Yugoslavia, said you might be interested in knowing that Tito particularly asked to see personally the three most influential Cabinet officers in the U. S. he named these as Connally, Laird, and Mitchell -- and evidently wanted to see the three together. It developed that Secy. Laird would be going out of town, so Secy. Connally and Mitchell are together seeing Tito at tea at Blair House at 4:00 PM on Thurs., Oct. 28, This apropos the 11:00 AM session the U. S. and Yugoslav economic officials will have that day at the same tike Tito sees the President. Messages for Mr. Volcker Friday, October 22, 1971 - 4 - 3:00 PM - Mrs. Morris, secretary to Mr. McKennon, Treasurer of the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Postal Service,called to say that Mr. Adams and Mr. McKennon had agreed that sthey should meet with you and Mr. Hargrove, Assistant Postmaster General for Support, to discuss the October 28th and 29th had been Federal Financing Bank bill. suggested. Mr. Hargrove will be away on the 29th and he had suggested that a convenient time be arranged for Thursday, October 28, I have given Mrs. Morris klci4 4:30 p.m0 as a "Hold" on Thursday, October 28th, and have told her I would confirm on Tuesday morning. Mr. Adams is free then and this has been noted on his calendar, Is it all right to confirm for Messrs. Hargrove, McKennon and Adams for 4:30 pm - to meet in your office. YES X, NO OTHER (Mrs. Morris - 177-6173) Would you also want Mr. Bennett and Mr. Cavanaugh t attend? YES OTHER I talked to Mr. Cavanaugh and he said McKennon had t p d him recently and they are still trying to get out of the Fed, Financing Bank. He said McKennon has also been talking to Mr, Adams about deposits and this may come up. Messages for Mr. Volcker - 5 - October 22, 1971 4:40 PM - Dr. Ikle called and I gave him 5:00 PM on Wed., Oct. 27, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis which will be after your press briefing on refunding. Messages for Mr. Volcker - 1 - Thursday, October 21, 1971 9:00 AM - Ira Scott of the Assoc. of Savings Banks of New York State called. He would like to talk with you (his invitation to you to speak during their convention at Greenbrier on Nov. 5) and will call again early afternoon, Will you take his call should you be in your office when he calls again? YES 9:30 AM - Mr. Betts' offic NO called about lunch in the Secretary's Dinir4, Room today, 'Shall we tell theyeG WILL lunch WILL / O lunch in the Secrtary's Dining Room? (5391) 10:20 AM - The Secretary's Operator has informed us that there will be a full staff meeting in Room 4426 tomorrow (Friday). ON CAL. 10:30 AM - The Secretary's Dining Room is closed today -- not enough of the staff available -- (per Mr. Betts' office). NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - On October 12, we informed Mr. Clifford's secretary at FNMA (at your suggestion) that you"probably would not"attend the FNMA Board meeting in Miami Beach but "not sure." On this basis, hotel she has made a/reservation at the Fountenbbau in Miami Beach for the night of November 15. Since you have now accepted the invitation oixtiut to address the 7th American-German Conference at the Hotel Sonesta, in D.C., at 9:30 a.m. on Tuesday, Nov.16, can we tell FNMA it is all right to release the hotel reservation made for you far YES NO the miugkt night of Monday, Nov. 15? OTHER Messages for Mr. Volcker - 2 - October 21, 1971 11:10 AM - Leonard Silk of the NY Times called and said he had a call from Mr. Weber asking if he, Mr. Silk, would be in for a visit from you tomorrow. Mr. Silk said he was at home but leaving shortly to drive into town where he is talking at a luncheon of the Fed of Philadelphia, which is having a meeting in NYC today. He said he had not planned on being in his office tomorrow but he would love to talk to you and, at a minimum, he would very much like to chat with you on the phone during the course of today. He plans to stop in his office after lunch and should be at his office by 3:00 and he hopes to talk to you on the phone after he reaches his office. He gave me both his office and home phones, just in case. Office: NYC - 556-1791 Home: At the close of our conversation, he asked me to transfer him to Mr. Weber, which I did. 12:05 PM - Mr. Hankel called you from Bonn and spoke to me in your http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis absence. He said: "Mr. Schiller is asking Mr. Connally for an earlier date for the Ministers meeting of G-10 and, if possible and convenient for Mr. Connally, he would prefer the 15th. Mr. Schiller has a lot of problems here with the other dates so he would be very pleased if he J Messages for Mr. Volcker - 3 - October 21, 1971 could have this date and, if it is possible, to have the meeting in Europe. Mr. Schiller would be glad to have the meeting in Rome, if possible and convenient to Mr. Connally." I mentioned to Mr. Hankel that we had already had a similar message from someone in Mr. Schiller's office and Mr. Hankel said he knew that -- he was just calling to confirm it. 2:15 PM - Mr. Pelikan stopped by, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis before you see Amb. Schaetzel at 2:45 pm He would like to talk with you/about what's going on in the U.SdEEC meetings. He said the paper Samuels may be talking from is not the Treasury paper. He is also interested in knowing whether you will be attending the 3:00 p.m, to 5:00 p.m. session. (5617) Messages for Mr. Volcker - 4 - Thursday, Oct. 21, 1971 4:15 PM - Message from Gordon Nelson, FNMA - re 3rd Quarter earnings which is being released to the press this afternoon: $1.65 per share - up from $1.47 for the second quarter; 3rd quarter - 1970, 22. 3:45 PM - Mr. Hall at the Australian/New Zealand Desk at State, called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to say Prime Minister McMahon of Australia will be in Washington the first part of November and would like to call on you on Nov. 3rd or 4th. He is coming at the invitation of President Nixon and is seeing the President at 11:00 AM on Nov. 2nd. He is actually arriving the evening of Oct. 30th and will be here through the 4th and has asked to have his appointments with other Govt. officials scheduled after his visit with the President. If he finishes with the President in time, they hope he will have time to see Secy. Rogers at 12:30, before the lunch the State Dept. is giving for him. If he doesn't see Secy. Rogers before lunch, then he will see him after lunch, so the earliest he would be available to see you on the 2nd (in case the 3rd or 4th were not convenient to you, as I indicated might be the case) would be about 4:00 PM_ Mr. Hall seemed to think seeing the President, Secy. Rogers, and you all in one day might be too much, and I gather they would really prefer to have Messages for Mr. Volcker October 21, 1971 - 5 - you see him on the 3rd or 4th. Your cal. is clear on Nov. 2; you have a meeting of the Brookings Visiting Cmte. starting at 10:00 AM on Nov. 3, thru lunch and into the afternoon. Also you and Mrs. Volcker are invited ami to the Annual Cony. of the NY Savings Banks Assn. at White Sulphur on Nov. 4 - 5. Further, Mr. Ossola had proposed just prior to the Paris meetings having a Deputies meeting in Rome Nov. 5 and 6. suggest with respect to McMahon? What do you (Mr, Hall on 632-2125) Mr. Hall added that Mr, McMahon would like, if possible) for Asst. Secy. Petty to sit in when he sees you -- Mr. Petty is an old associate of Mr. McMahon. 4:00 PM - Mr. Weber said he talked to Mr. Silk and Mr. Silk now plans http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to be in his office tomorrow to see you at 11:30 AM. Messages for Mr, Volcker - 1 - October 18 - 20, 1971 Tuesday, October 19 12:30 PM - Dean Hinton phoned and said he wanted to be sure your calendar carried your participation in Mr. Peterson's breakfast at 7:30 AM on Friday, Oct. 22, in the White House Mess for the Common Market visitors. He said those attending will be Ralf Dahrendorf, Cmr.; Sicco Mansholt, Vice President; Theodorus Hijzen, Acting Director General for External Trade; and Renato Ruggiero; Mr. Peterson, you, Mr. Samuels, and William D. Eberle, the President's Special Representative for Trade Negotiations, who took Mr. Gilbert's place. 5:00 PM - Percival Brundage, who was Budget Director in the Eisenhower http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Administration and is now with Price Waterhouse, called to invite you to a luncheon he is giving for his partner, Stanley Duncan, who is taking a trip around the world, including a stop in Australia, at 1:00 PM on Mon., Nov. 1, in Room 1, 4th FLoor, the Metropolitan Club. He is inviting the Ambassador of Great Britain, a few presidents of banks, and George Shultz, and thought if you were free they would love to have you join them and hear Mr. Duncan's reactions from his trip, Mr. Brundage said you wouldn't need to give him a firm answer until the time comes and you can cancel out at the last minute if something comes up; he understands how busy you are. Your calendar October 18 - 20, 1971 - 2 - Messages for Mr. Volcker Tuesday, October 19 (Cont.) Do you wish to: is presently clear on Nov. 1. ACCEPT REGRET Mr. Brundage's phone is 232-8894. Wednesday, October 20 11:20 AM - Mr. Mueller Enders of the German Federal Economic Ministry, called from Bonn to inform you of Mr. Schiller's request on the timing of the meeting of the G-10. November 15th. Mr. Schiller prefers (Mr. Enders indicated that some other arrange- ment had been made, but the preference of Minister Schiller now is to meet on the 15th.) NOTE: The 7th American-German Conference will meet in Washington Sunday -Tuesday, November 14-16; you have agreed to speak at the Tuesday morning session (Nov. should thincH no priorities arise), ed an 11:25 AM -The Ambassador and Mrs. Wagner (Luxem4urg) have extend /OA tof ,N1A. 1 invitation to you and Mrs. Volcker to a Black Tie dinner at 8:00 p.m. on Wednesday, November 10th, at the Embassy -- 222x ,v 2200 Mass, Ave., N.W. (This is one of a series of dinners they * it'°lit 01 .4 1 0> 4 \ are giving this winter.) Your calendar is clear. r /1-3-' right to accept? ,4-vw http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis YES NO (Mrs Maloney - 265-4171) Is it all Messages for Mr. Volcker - 3 - October 18 - 20, 1971 Wednesday, October 20 (Cont,) at State called and said 12:20 PM - Nancy Lammerding in Protocol ing with the Common Secy. Rogers' cocktail discussion meet heduled to take place Market visitors kamolxil has been resc on Thursday, Oct. 21, 8th Floor, State, from 5:30 to 6:30/in the Monroe Room, and you are invited. informal dinner Mr. She also said you are invited to the rrow night at 8:00 Samuels is hosting for the EC group tomo the 8th Floor, State. in the Secy's private dining room on On cal, 2:20 PM - George Kelley of the Savings Banks Association of N.Y. State on Friday, called concerning the invitation to you to speak er in White November 5, during their convention at/the Greenbri Sulphur Springs, extended by Ira Scott. / )I4V 0t,r 1NL. He mentioned their might have your problems of program and printer and hoped he answer by the end of the week. to see you MIVfr 2:45 PM - Susan Steiner said Amb. Schaetzel would like http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis early, sometime tomorrow (Thurs.) if possible, preferably latest at 9:00 or 9:30 AM, or else at 2:00 or 2:30, and the 5:30 time would be 4:00, so he would be able to get to the at State. cocktail-discussion session Secy. Rogers will host an answer I asked Susan to tell them we could not give them ght. until morning, since you're coming in very late toni Messages for Dift. October 18 - 20, 1971 - 4 - Volcker 3:50 PM - Joe Barr called about your agreement to speak to the bankers symposium he is having on Govt. Agencies at their dinner session on Tuesday, Nov. 9. This would involve a 5:30 reception, 6:15 buffet dinner, your talk at 7:00, and then all at Kennedy Center. going to the opening performance of Candide at 7:30 or 7:45/ Mr. Barr has evidently had second thoughts and doesn't believe this would be such a good time and place for you to talk -although they still would want you and Mrs. Volcker to join them that evening. He asked if you would be free to speak to the group at lunch on either Nov. 9 or 10. I told him you had a lunch on Nov. 10 (Secy. Stans & the Intl. Business Advisory Cmte. -- invitation in your Action folder) but would check with you about talking at a lunch on the 9th Your cal. is clear then. Is this agreeable to you? (672 v_ vocso) YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis WF John Nolan's secy. had checked your availability for the next several days and then Mr Nolan told Mr. Bennett that he was afraid DISC was in trouble and they would have to have you testify before the Senate Finance Cmte., which just started holding executive sessions on the tax bill today, but they haven't gotten to DISC yet. Mr. Bennett told Mr. Nolan perhaps you could skip part of the backgrounding of the financing cmtes. and testify on Tuesday morning. When I found you were Messages for Mr. Volcker - 5 - October 18 - 20, 1971 Wednesday, October 20 (Cont.) Nolan's secy. to find out if returning tonight, I asked Mr. tifying on Thursday, if you you might have the option of tes preferred that to next Tuesday. She said Mr. Nolan thought the first day the Cmte. not, first because he didn't think gic time for you to appear takes up DISC would be the strate from the Hill, he thought and, secondly, when he got back executive session on the the Cmte. would not have another later got word that the tax bill until next Wednesday but Cmte. would meet again tomorrow. Mr. Nolan's secy. also nged the DISC so that it said the problem was the House cha try to get the Senate won't do much good and we want to introduced by the President. to change it back to the way it was lian Embassy called to ask if you 5:05 PM - Mr. Visbord at the Austra Nov. 1 et seq. He said of k wee the n gto hin Was in be ld wou http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be here and had wanted the Australian Prime Minister would erstand he will be out of to see Secy. Connally but they und wants to see you. the country, so the Prime Minister I told here the first part of that Mr. Visbord I thought you would be tings that were still week but there were some dates of mee unsettled. ch when they Mr. Visbord said they would be in tou schedule, and I told him knew more about the Prime Minister's ing. I would let you know the P. M. was com Messages forMr. Volcker - 6 - October 18-20, 1971 Wednesday, October 20 (cont'd) 5:15 PM - Edwin Segal of the Yugoslav Desk at State called about the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Tito visit. He said that a meeting of the Econom ic Advisers was going to take place diming at the White House at the same time that the Presidents are talkin g. This meeting of high level advisers would be at 11:00 a.m . on Thursday, October 28th, Peter and the following have been invited to attend: Mr./Peterson, Harold Scott, Asst. Secy. for Domest ic and Foreign Affairs at you the Commerce Department, Bradford Mills/and Mr. Samuels whose office is /preparing a letter for his signat ure with details concerning the topics to be discussed. Mr. Segal said there is a line in that letter to the effect that if you can not attend who would be coming in your place. On your calendar for Thursday, Octobe r 28: 12:30 p,m. to 2:30 pm - Ivir. Volcker to be speake r at luncheon session of the National Economists Club Seminar at the Mayflower Hotel, Is it all right to inform Mr. Seagal that becatse of your speaking commitment you will be unable to attend? YES NO That place. (Mr. Segal - 101-21070) will attend in your Messages for Mr. Volcker - 1 - October 15, 1971 9:17 AM - Mr. Petty's secy called and said he would like to come around and see you on trade -- she thinks it is before the /14 Peterson meeting which has now been rescheduled for 2:30 this afternoon instead of 10:00 this monning. I said we'd call when you could see him. 10:40 AM - I checked with Mr. Terrell, since Mr. Jaeger was in the McCloy meeting, and Mr. Terrell assured me that everyone-including staff -- who walks into the room where MEDIX the McCloy Cmte. meetings are held is cleared for at least Top Secret. 10:45 AM - Mike Bradfield would like to speak to you on the phone. 8101 10:50 AM - Mr. Petty wanted you to know that the Secy. leaves today http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis at 12:15; he has an 11:30 appointment with Geneen and maybe you should sit in on the Geneen session. Friday, October 15, 1971 Messages for Mr. Volcker heduled for 9:30 a.m. 11:00 AM - The In-Depth Staff Meeting has been resc on November 9 - in Room 4121. 11:05 AM - Mr. Bradfield called again. ON CAL. He wants to discuss textiles with tes). you (either on phone - or will come in for a few minu (8101) NOTE: the cook is sick. - The Secretary's Dining Room is closed today -- see you sometime before the OPIC 11:40 AM - Mr, Hennessy said he should you probably won't Board meeting on Tues., Oct. 26 (which grounding the financing be able to attend because you'll be back there is a FNMA cmtes. on the quarterly refunding and also Board meeting the same day). Even more importantly, he needs to see you about the Chile situation. He was concerned of next week. because he understood you might be away all weekend after next, However, if he could see you sometime the that would be soon enough. zel, who will be here next 11:45 AM - Susan Steiner said Amb. Schaet http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis A4RxR asked to week for the Dahrendorf meetings, wii1xlaR . see the Secy. on Thurs. or Fri. of next week When Susan town then, State told State that the Secy. would be out of asked if Schaetzel could see you. I suggested to Susan you'll be back from that she tell State we're not sure when know, we'll try the Paris meetings and, as soon as we do be on Thursday, to set something up but it will have to ay. probably, because you have to be in NYC on Frid Messages for Mr. Volcker - 3 - October 15, 1971 12:05 PM - Dean Hinton called and said Mr. Peterson wanted you to know http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis it is possible that Dick Cooper will be at the meeting of the Coordinating Group this afternoon as a Consultant to the Council. - 4 - Messages for Mr. Volcker Friday, October 15, 1971 2:50 PM - Mro Tanamy of the Japanese Embassy called. He said Messrs. Kashiwagi and Hosomi have been informed that you will join them for lunch on Sunday and extend the invitation also to whomever accompanies you. Mr. Tanamy asked that we call back with the name or names for their information. (Mr. Tanamy - 234-3519) 3:30 PM - Mr. Samuels' office called to ask if you would be free to attend a dinner for the EC Commissioners next Thursday evening. She does not yet have details. Also you are invited to a breakfast that Mr. Peterson is going to set up with the EC people on Friday, the 22nd, and the people who are handling arrangements are anxious to know whether or not you can attend the dinner and the breakfast. (you could take the 10:30 AM American flight to NY on Friday and be there in time for the 12:30 luncheon at which you're to speak.) NOTE: ACCEPT REGRET for dinner ACCEPT REGRET for breakfast an I received word that Mr. Willis is going to NYC tonight on 8:20 PM flight and will stay at the Howard Johnsonc 5:35 PM - Mr. Petty calledc http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He would like to see you for a few minutes before you leave this evening. Messages for Mr. Volcker - 2 - Friday, October 15, 1971 11:00 AM - The In-Depth Staff Meeting has been rescheduled for 9:30 a.m. on November 9 - in Room 4121. 11:05 AM - Mr. Bradfield called again. ON CAL. He wants to discuss textiles with you (either on phone - or will come in for a few minutes). (8101) NOTE: - The Secretary's Dining Room is closed today the cook is sick. 11:40 AM - Mr. Hennessy said he should see you sometime before the OPIC 'Board meeting on Tues., Oct. 26 (which you probably won't be able to attend because you'll be backgrounding the financing cmtes. on the quarterly refunding and also there is a FNMA Board meeting the same day). Even more importantly, he needs to see you about the Chile situation. He was concerned because he understood you might be away all of next week. However, if he could see you sometime the weekend after next, that would be soon enough. 11:45 AM - Susan Steiner said Amb. Schaettzel, who will be here next http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis week for the Dahrendorf meetings, wiiixhaxitaxe asked to see the Secy. on Thurs. or Fri. of next week. When Susan told State that the Secy. would be out of town then, State asked if Schaetzel could see you. I suggested to Susan that she tell State we're not sure when you'll be back from the Paris meetings and, as soon as we do know, we'll try to set something up but it will have to be on Thursday, probably, because you have to be in NYC on Friday. Messages for Mr. Volcker - 1 - Thursday, Oct. 14, 1971 9:20 AM - Mr. Peterson's secretary called to inquire as to whether you were going to attend his coordinating group meeting tomorrow (Friday, Oct. 15) at 10:00 a.m. in Room 414, EOB. Shall we tell her you WILL WILL NOT attend? 10:30 AM - Message from Secretary's Operator : There will be a staff meeting tomorrow morning (Friday, Oct. 15). 11:40 - Deane Hinton called. ON CAL. He expects to be in his office until shortly before 1:00 p.m. and asked that his call be returned. (145-0). 1:45 PM - Mrs. Lammerding of Protocol, State Depa rtment, called to extend http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis an invitation from Secretary of State and Mr'. Roge rs to you and Mrs. Volcker to a luncheon in honor of the President of Yugoslavia and Mrs. Broz -- on Thursday, October 28th at 1:00 pm, at the Anderson House, 2118 Mass. Ave., N.W. On your calendar: Mr, Volcker to be speaker at luncheon session of the National Economists Club Seminar (Robert Nathan, Co-Chairman) at the Mayflower Hotel, at 12:30 pm‘ on Oct Do you wish to regret the State Department invi tation? YES ( 1 NO (Mrs if Lannerding - 632-0622) r /Op 28. Messages for Mr. Volcker Thursday, October 14,1971 - 2 - 2:50 PM - Ed Fried's secretary called to say that he and Fred Bergsten would like to see you for about 15 minutes sometime tomorrow (Friday-Oct. 15). I have tentatively put them down for 12:30 prri and Is it all right to confirm? YES NO (Mr. Fried's office - 4838919) 2:55 PM - Mr. Gookin called and said Norman Terrell will meet you at the guard's desk at the Diplomatic Entrance at State and escort you to the conference room for your 3:00 PM presentation to the McCloy Cmte. tomorrow. He said there was some question whether the meeting would be held in the Under Secy's Conference Room, as originally scheduled, and they wanted to be sure you got escorted to the right place. 3:30 PM - Dean Hinton called and would like you to call him. 5:00 PM - Frank Wille of FDIC called. today, if possible. 145 - 2923 He asked that his call be returned (1236 - Ext. 201) 6:00 PM - Mr. Weber said he just talked to the Johns Hopkins people and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis somehow word got out about the symposium this evening and the tk fact that you're to speak. The Johns Hopkins people have told the press they are not invited but there is no guarantee that some press people may not get in -- so you should be warned in advance -- just in case some members of the press should be there -7 Messages for Mr. Volcker _ 3 Thursday, Oct. 14, 1971 6:00 PM - George Kelly, who is associated with the Savings Banks Assoc. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of New York State, called to extend an invitation to you on behalf of Ira 0. Scott, the Executive Vice President, ahem to participate in a panel at their convention at the Greenbrier on Friday morning at 10:30 a.m.,EffixeetrahRx November 5. said it would not be an ordinary, stand-up speech. He Larry Spevak of Meet the Press will moderate a panel of three newsmen like Joe Slevin, Austin Kiplinger, (these have not definitely been placed on the panel - but Mr.Kelly mentioned them as the the type of newsmen they hope to have). You would be asked questions by the panel (similar to "Meet the Press")-- and it is expected that the audience will number about 800 bankers. mr. Kelly said that Ira Scott was planning on being here in Washington tomorrow (Friday) and would leave a letter with us giving the details. -- Mr. Kelly did not mention the subject. The Savings Banks Assoc. of New York State Convention will be held from Thursday to Saturday, November 4 - 6. Mr. Scott had invited you and Mrs. Volcker to attend in his letter dated September 7th, and on September 9th you replied that you would be in touch with them as the time approaches if it appears at all possible for you and Mrs. Volcker to join them. attached.) soon. clear. (Corres. Mrc, Kelly hoped you might have an answer for them Your calendar for the 4th through the 6th is presently Do you want to hold off on this invitation until your continued/p.4 Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - Thursday, Oct. 14 1971 -(Savings Banks Assoc. of N.Y. State) return from Europe? Shall I give this message to Mr. Scott when he comes in sometime tomorrow? YES NO OTHER X _ Messages for Mr. Volcker - 9:20 AM - Mr.Peterson called. 1 - Wednesday, Oct. 13, 1971 He asked that his call be returned. 11:10 AM - Gov. Daane called. He asked that his call be returned. 11:30 AM - Marty Miller called and would like to speak to you on the phoned. 2219 11:15 AM - Mr. McGinnis' secy called and said and said at Staff this morning, he was asked to check both your and Dr. Walker's calendars to see who could attend the 3:00 PM meeting of the Senior Review Group on Yugoslavia tomorrow in the Situation Room. DxxxWaikfixxiEtxkoxpuimilicitipakmximxidamx isixiefifigxmmxRkasmxiixakxSkakaxfxNmxx Dr. Walker's secyc said he has a very important meeting from 2:00 to 4:00 tomorrow and she did not see how he could possibly attend the SRG meeting. m http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis You have the Treasury Consultants here tomorrow from 2:00 to 5:00 and a 5:00 PM Volcker Group meeting. I checked with Mr. Crosswhite, who is doing the staff work in preparation for the meeting, and he said there are two main parts coming up. One, Tito will be visiting President Nixon in about two weeks, so the first part will be pretty much on what we might be offering in the way of assistance to Yugoslavia as a visitor -- this pretty much all has to be in the economic area and involves OPIC, PL 480 funds, use of excess dinars, Exim loans, etc. Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - October 13, 1971 es Yugoslavia go when do e er wh th wi s al de rt pa nd co The se s with all kinds of continal de d an e en sc e th es av le Tito gencies, g will last about 2 hours in et me e th ks in th te hi sw os Mr. Cr from 3:00 to 5:00. r you to be He thinks it Es important fo there for the first part. e the Would you be willing to leav the SRG meeting at 3:00? Consultants meeting to attend YES OTHER Messages for Mr. Volcker October 13, 1971 1:10 Am .s Mr. Weber said he has arranged to have the videotape from \the CBC show you participated in shown at 7:30 PM tonight CBS, 2020 M St., N. W. NXYD0Ofal He will let us know the room later. wil; be in the Conference Room at CBS, which Mr. Webe r informed is on the main floor as you enter the building. HawevOr, there will be a reception area and a receptio nist as y6u enter the building and she will direct you. 1:12 PM - Mr. Petty's secy. called and said he had met with William http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Hoyt, Director of the office of Direct Foreign Investme nt, and Mr. Scott, of Commerce, and thyy would like to meet with you on the capital controls program, and Mr. Pett y thinks it would be very useful for them to touch base with 0 you on the outlook for the role of foreign direct investment program. I checked further with Mr. Schaffner to find out what more I could and he said he sat in when the Commerce people met with Mr. Petty and the time is coming when people will be expecting some announcement about the program we have said we would keep it under review -- and Commerce will be getting inquiries from people soon as to what further steps the Administration will be taking in this area. Mr. Schaffner also mentioned that the Fed program has to be cut back by Nov. 14 by Act of Congress thru exclusion of the export credit. Mr. Schaffner thinks it would be useful if 4 October 13, 1971 - 4 - Messages for Mr. Volcker le. youkould spend half an hour with the Commerce peop Shall we try to fit this in this week? YES NO trip on the plane 3:45 PM - Mr. Leddy called and said on the last be you asked why your material for the meetings couldn't in nice binders like the others. Mr. Leddy was very surprised here and hitt because I had told them shortly after you came that complained about the large briefing books for trips rial you had complained and would prefer to have the mate loose in folders wax so you could pull papers out. They and will be glad to prepare the material any way you wish would appreciate guidance. Do you want the material in black looseleaf binders? YES OTHER had sent 3:50 PM - Jerry Newman called and referred to the copy I http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis him of the analysis of the effects of the US -Canada auto agreement which Mr. Peterson sent you and which was received today. Mr Newman said the "analysis" is a report s by the Ford Motor Company which they submitted to Secy. Stan about six months ago, a copy of which the local representative of Ford sent to Secy. Connally and wound up in Mr. Newman's hands. Mr. Newman said his understanding was that the 4 Messages for Mr. Volcker October 13, 1971 - 5 - similar reports other members of the Big Three submitted asked Commerce for to Stans and, at the time, Mr. Newman have to ask the copies but was told that Treasury would see them, so we auto companies for copies if we wanted to have not seen the other reports. Mr. Newman said his initial that there are similar reaction is we should tell Mr. Peterson d be helpful to analyses by the other companies and it woul rt, see them in conjunction with the Ford repo the McCloy Cmte., 3:55 PM - Mr, Jaeger, the staff man at State on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis funeral. called and asked if you might be going to the Acheson I told him I didn't think so. He said Mr. McCloy has known 2:00 PM the Achesons for years and will have to attend the McCloy funeral on Friday and may be a pall bearer, but Mr. the does not want to have this interfere with the work of Cmte. and your report to the Cmte., even though he will probably miss the first part of your presentation. Mr. McCloy to will ask Dr. Killian or some other member of the Cmte. preside while Mr. McCloy attends the funeral. -Br - 6 - Messages for Mr. Volcker Wednesday, Oct. 13, 1971 5:05 PM - The Exec. Sec0 has informed us that the "In ,Depth" Staff meeting scheduled for 9:30 a.m. tomorrow (Thursday, Oct. 14) has been postponed. 6:20 PM - Mike Bradfield would like to report to you on textiles. 6:40 PM - Mr, Samuels called and would like you to call him as soon http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis as you are free, 101 - 20410 • -4-Messages for Mr. Volcker 1 Tuesday )October 12, 1971 9:10 AM - Mr. Clifford's secretary (FNMA) called to inquire whether you would attend the FNMA Board meeting on Tuesday, November 16, in Miami Beach. (It is being held there in connection with the National Assoc. ofREal Estate Boards convention November 11-18. She said the call at this time was with regard to reservations at Miami Beach for you (and also Mrs. Volcker, if she were going to accompany you). Since you are writing Mr.Pontius, Executive gice President, NAREB, regretting his invitation to attend the convention, is it all right to advise Mr. Clifford that you will be unable to attend the FNMA Board meeting in November since you expect to be in Europe? YES NO (Dottie - 293-6073) 9:15 AM - Mr. Samuels called. • 3,v C I -46 edvAy= He asked that'his call be returned :4e r • 014••<1 (His secretary thought it had to do with the Paris trip trwOCri-u.? end of this week.) (101=20410) 9:45 AM - Prof. Isaiah Frank of Johns Hopkins University called. He wante seminar to confirm the Thursday evening/(October 14) that you said you would )youriattendl He said he was going to ask you to/speak first http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis at the panel discussion -- you would be followed next by Bob Solomon and then Fred Bergsten. He suggested that if you had any questions, he would be glad to answer them. 785-1015. His phone: I told him the panel discussion was on your calendar. Messages for Mr. Volcker October 12, 1971 - 2 - 9:30 AM - Marty Miller called and would like to know if you've had a chance to talk to the Secy. and where things stand. NOTE: I ran into Don McGrew this morning, who said he had been commissioned by Mr. Brossolette to convey to you the thanks of Mr. Giscard and himself for what Miss Volcker did for their daughters. Mr. Brossolette will see you in Paris next week and thank you himself but he wanted Mr. McGrew to convey his and Mr. Giscard's appreciation. Mt. Brossolette also said that, when Miss Volcker visits Paris, he and Mr. Giscard will try to have their daughters reciprocate. ):00 PM - Mr. Adams would like to see you as soon as you are free. 5:15 PM - M. Weber said CBC has the tape of the TV program on which you participated and will try to rent some space for showing it at CBS at 20th and M Sts., N.W., if we can give them a time. The showing will take one hour. I simply don't see how you can spare an hour, plus travel time, this week. If so, the only times T can see are 5:00 PM tomorrow or 5:00 PM on Friday. If we put it off until week after next, we fun into the quarterly refunding, but, if it should be possible for them to run the film on Monday, Oct. 25, a Govt. holiday, that would work out OK. 5:30 PM - Mr. Samuels called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis What do youwwish? (101=28410) _ 3 _ Messages for Mr. Volcker Tuesday, Oct. 12, 1971 He asked that his call be returned. 3:05 PM - Gov. Daane called. (147-211) 3:25 PM - Mr. Peterson's secy called to say he is chairing a meeting this coming Friday at 10:00 AM in Rm. 414, Old EOB, and you are invited to attend. She wishes to know whether or not you will attend. YES NO PENDING: Alfred Beadlesto4 State. 632-8986 Penn James wanted tc(„speak to you on phone. 145 - 2785 You said you'd call Wm. Grant, of Smith, Barney & Co, who wants to discuss a personal matter. NYC - 333-7200 Talk to Messrs. Auten ;& Leibling about Short-Term Forecasters meeting at OECD Nov. 8-9. 6:20 PM - Mr. Peterson calleth http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Memo attached. He asked that his call be returned. October 12, 1971 Messages for Mr. Volcker NOTE: Mr. Petty would like to have a copy of the Peterson memo that is on your desk -- re Friday meeting & work to be done. Is it all right to xerox him a copy? YES NO 5:45 PM - Pete Nagen called hoping to see you. I told him this was a bad week and he was graceful about being put off. He said he'd call probably in a couple of weeks and try again. 6:00 PM - Sam Cross called and said to tell you that Abe Katz wants http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to come for you talk with Barre and Mr. Cross is advising State, unless he hears to the contrary, that Mr. Katz should not come. Messages for Mr. Volcker October 8, 1971 1 his ican Express phoned to confirm er Am of on ns bi Ro s me Ja AM 9:15 morning and asked if is th 0 :0 11 at u yo th wi t en tm appoin make it 11:30. you could just as conveniently I told him coming to see you at noon. or ad ss ba Am an d ha u yo t bu d you coul re as near to 11:15 as he he be d ul wo he se ca at th in He said could. PENDING: d. and asked that you We on u yo ed ll ca d ha s me Mr. Penn Ja call him when you could. 145 - 2785 h in the Secretary's nc lu g in rd ga re ed ll ca ce fi 9:45 AM - Mr. Betts' of televised press conference s y' ar et cr Se e Th y. da to Dining Room http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 4121, will be at 1:00 p.m. in Room It is expected to last 45 ay sent to his office tr a ve ha ll wi y ar et cr Se e minutes - and th tts will arrange to Be . Mr . er ov is ce en er nf co when the press Room so that the staff ng ni Di e th in o di ra or on have a televisi can HRH terview. listen to the Secretary's in lunch in the Secretaryl ve ha ll wi u yo at th y sa to Is it all right Dining Room today? YES NO i( Messages for Mr. Volcker Friday, October 8, 1971 - 2 - t have 5 minutes gh mi he r he et wh d ke as d an called 11:00 AM - Mr. Bradfield he ns to hold gold." He said ze ti ci ng wi lo al t" ou ab with you; he xtiles. I suggested that te on u yo r fo re mo ve ha may also e may be able to see him at th u yo t ha It -m. p. 0 :3 12 call at t or's visit. Is it all righ ad ss ba Am sh ni Da e th of on conclusi to have him come in then? YES NO (8101) plans to leave Washington e rr Ba d on ym Ra id sa r ne 12:05 PM - Susan Stei would not be able to e, or ef er th d, an th 14 e at 5:45 on th http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis PM that day as proposed. 00 5: at u yo e se to me co It r Mr. Barre's and your othe of e us ca be , at th d pe lo ve de could schedule him was 6:15 we me ti ly on e th s, nt me commit on Wed., Oct. 13th. On cal. Messages for Mr, Volcker Friday, October 8, 1971 - 3 - 1:50 PM - Congressman Mahon (D-Texas) called gaiixd to confirm the time of your meeting with him - 9:00 a.m. on Wednesday, October 13 -and to ask whether you could come to his office. I told him I thought this was probably what you had intended. His MOM is the Capitol (the main office of the House Appropriations Cmte) H-218/. His friend, Bill Stokes of Dallas and Houston (who was formerly with one offices of the Farm Credit Administration and with whom he had conferred, will attend this meeting. ON CAL. 2:30 PM - Mr, Willis called to say that he is going to try to arrange a Volcker Group meeting for 4:00 p.m. on Monday, October 11. Cal. Noted. 2:45 PM - Larry Mayer of Fortune Magazine called again about the possibility of his seeing you either Wednesday, October 13, or Friday, October 15,to talk with you about some of the things the U.S. would see in the long-term reform of the international monetary system for publication in the December issue -- with or without attribution. He expects to leave New York for Washington on Tuesday (the 12th) and hoped to have an answer from you as to whether you could see him -- by late this Nif afternoon, if at all possible. His office No, 212-556-3616 if by 5:30 p.m.; at his home this evening - A.C. . 3:00 PM - I have given the Treasury Financing Group 9:15 a.m, for a meeting with you - on Tuesday, Oct. 12. ON CAL. 3:10 PM - Don Cpxm Conlon of Dean Witter, New York called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He wanted to talk with you and asked that his call be returned. (He wonders whether you could see him a few minutes on Tuesday., Oct. 12th. whgn A.0 212-349-0166, until 6:15 pm or 6:30 p.m0 this evening 4 - Messages for Mr. Volcker 3:10 PM - Alfre Friday, October 8, 1971 Beadleston (State Department) called. He said if you n donk have time to talk with him this afternoo sometime on Tuesday would be fine° (632-8986) talk to you (he had gone to 3:00 PM - Mr, Cates would still like to ier), lunch when I tried to reach him for you earl 8243 to you about the matter he saw 3:05 PM - Mr. Bradfield needs to speak nt and he asked you about before lunch -- it is rather urge the phone before that we call him and let him talk to you on you leave for the meeting at EOB. 3:35 PM - Mr. Nelson called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 8101 He would like to talk with you about some rned when swap settlements - and asked that his call be retu you are free. (2884) Messages for Mr. Volcker - 5 - Friday, October 8, 1971 ce (in Treasury) and 6:00 PM - Mr. McGrew called from Mr. Mackour's offi http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the weekend left the phone number where he can be reached over should you need him. NOTE: (PHONE: - home of Mr. Saxe) the Secretary's Operator. I have given this number to Thursday, October 7, 1971 - 1 Messages for Mr. Volcker called. Committee 9:00 AM - Marty Miller/. He said the recruitment of the 1972 is coming along nicely leaders already. MEP ANN they have signed up 21 top business He is eager to hear what the Secretary will do with regard to the Chairmanship and about the point he (Mr Miller) made about the meeting of the Committee in the (585-6358) your To call Mr. Peterson on/return from the memo he left with you on Monday. REMINDER FROM MR. BRADFIELD: 10:15 a.m. meeting (on textile matter). Japanese Embassy, 9:45 AM - Mr. Mishio Kondo, Financial Counselor at the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called. He said he has been directed by Mr. Kashawagi (Special Monetary Adviser) and Mr. Hosomi (Vice Minister of International Affairs of the Japanese Treasury) who are going to Paris to of attend a meeting of the Deputies of the G-10 from the 18th October, to say that they would like to have a teteLa-tete' talk with you on Sunday, 04tober 17th -- if possible, at lunch or dinner. If you are unable to have lunch or dinner with them, they are agreeable to any time that might be convenient for you to have a talk with them. Mr. KOndo said he is anxious to hear from you as soon as possible with your answer so that this might be passed on to Messrs. Kashawagi and Hosomi. (AD.4-9230). Messages for Mr. Volcker - 2 - Thursday, October 7,1971 11:15 AM - Mr. Willis called to say that he and Mr. Cross would like to have about 30 minutes with you sometime tomorrow to discuss questions relating to the Paris meetings on the monetary system. I have tentatively given them 2:15 pm (Friday, October 8). Is it all right to confirm? YES NO (Mr. Willis - 5334) 12:50 PM - Secy's Operator called and said there will be Secy's staff meeting in the morning. 1: 55 PM - Tom Roche called from New York (formerly with NYFed, now a Consultant). He said he was planning to go to Europe sometime early in November -- and he said he will call back again to ask whether there is anything specific he might look for. He wishes you well in these trying times. 3:05 PM - Mrs. Erdman,in the office of Dean Wilcox of John's Hopkins, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called and referred to your participation as a panelist at their School of Advanced Intl. Studies on Thursday evening, Oct. 14th. She said Dean Wilcox would like to invite Mrs, Volcker also to the cocktails and dinner prior to the panel discussion. do this? Shall I ask Mrs. Volcker if she would like to (785-1015) YES NO Messages for Mr. Volcker Thursday, October 7, 1971 - 3 - e Magazine called. 3:30 PM - Larry Mayer of Fortun http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he had spoken meetings about an interview und k/F Ban the of e tim the to you at December issue of Fortune the for g tin wri is he e icl art for an reform, and he would like ry eta mon l ona ati ern int erm g-t on lon utes) about some of the min 30 ut abo d ate dic (in you to to talk h a long-term reform of the things the U.S. would see in suc international monetary system. He said the interview does not t to get some UQS0 thinking. have to be for attribution -- jus gh he would like to quote. He He would not quote -- althou from New York Wednesday or Friday - and hoped would like to come in/on either so that he could proceed with we might have an answer for him e in Washington -- around the making some other appointments her time he would see you, seeing On Wednesday, October 13, you are at Fed Board and you have a Congressman Mahon; possible lunch mes. 2:30 p.m. appointment with Dr. Hol clear. Do you want to see Mr. Mayer? Friday morning is YES NO noon? If yes, shall we give him 12:00 YES NO (Mr. Mayer - Ac,C. 212-556-3616) Messages for Mr. Volcker - 4 - October 7, 1971 4:50 PM - Mro Walker's office called and said he was supposed to chair Secy's Staff in the morning for the Secy, who has a breakfast meeting, but Dr. Walker has to be on a morning TV show which goes on at 7:20; he probably 14 will be back in time for Staff but may not and wanted you to backstop in case he's late I checked and Judge Pierce will be out of town tomorrow but Mr. Petty said he will be at Staff on time and alert and will be prepared to preside if you want to take a little more time off and come in late. definitely will not 6:10 PM - Dr. Walker's secy stopped by and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be here in the morning for the staff mtg. - 1 - Messages for Mr. Volcker Wednesday, October 6,1971 10:15 AM - Elting Arnold, who has just been appointed Special Assistant to Judge Pierce (press release attached), called and said he would like to pay a courtesy call at your convenience. (2653) 10:25 AM - Frazar Wilde called. He ita asked that his call be returned tomorrow (A.C. 203-243-8811) 11:15 AM - Swiss Ambassador and Mrs. Schnyder have extended an invitation to you and Mrs. Volcker to attend a Black Tie dinner for Sec. of Commerce Stans and Mrs. Stans and Ambassador Jolles, the Swiss Foreign Trade Director, who is visiting. This will be at 8:15 PM, on Wednesday, October 27, at their residence, 2920 Cathedral Avenue, N.W. wish to accept ? YES Your calendar is clear. Do you ,- NO (Miss Ullman: H0.2-1811, Ext. 201) 11:20 AM - Jim Nash of Treasury Telecommunications called to say that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Secretary has decided to end the closed television reportting and the sets which you and Mr. Adams presentlyhave will be removed this afternoon and returned to the Secret Service from which they had been borrowed. All the wiring is being left intact for future use -- should you decide to have the AdministratiVeOffice purchase a set for your use. - 2 - Messages for Mr. Volcker October 6, 1971 said he is Chairman of the 3:45 PM - John J. McCloy called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and the Secy. of State President's Committee to advise him ament, etc, on matters of arms control and disarm The Cmte, Oct. 15th, at the is going to have a meeting on Friday, e you join them between State Department and would like to hav 3:00 and 4:00 PM that day and talk informally to them the B/P, and the financial about the intl. monetary situation, -- offsets, etc. aspects of maintaining troops abroad He sident saying he would said they have a letter from the Pre s whole matter, including like to have the Cmte. look into thi effect it has on our strategy the balance of payments and what of balance of forces. with respect to the mutual reduction Your cal. is clear at that time, you will do? OK to tell Mr. McCloy (NYC - 422-2660) YES OTHER ALSO SEE ATTACHED, GIVING MORE DETAILS. 1_1) Wednesday, October 6, 1971 _ 3 Messages for Mr. Volcker meeting of his Coordinating Group 4:30 PM - Mr. Peterson is calling a to 5:00 pm, in the NSC for Friday, October 8 - from 3:00 pm "where we go after Conference Room 305, at EOB -- to discuss also ty, Samuels, Daane, IMF meetings." Invited/. Messrs. Pet Solomon and Peter Flanigan. Bob Solomon, Ken Dam, Hormats, Ezra Your calendar is clear. ON CAL. Shall we say you will attend? YES NO (Mr. Morris - 145-2640) like you to call him when you 4:35 PM - Penn James called and would can. 145 - 2785 Raymond Barre will be in Washington d sai and led cal ss Cro Sam PM 0 5:0 Oct„ 13 and 14. Barre About the only time both you and Mr. 5:00 PM on the 14th, seemed to be free at the same time was t time if you agree to so Mr. Cross is going to suggest tha see Mr. Barre Mr. Cross will send down a memo on this. tell you he is going to have to d sai and led cal ne Daa . Gov 5:30 PM be able to attend to be in Boston on Friday and will not ised Peterson's office. the 'Peterson meeting -- he has so adv ld like to continue the 5:35 PM - Joe Slevin called and said he wou http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis alling some conversation he had started with you about rec Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - October 6, 1971 past history -- if you can spare the time next week or the week after or whenever you have a minute. He said starting this weekend, he is leaving the Daily News and going with the Philadelphia Inquirer, which will syndicate his column, and his new phone after the weekend will be ME 8-2844 Messages for Mr. Volcker - 1 - Tuesday, October 5, 1971 ing 9:15 AM - Peter Towe l s secretary called again this morning concern the dinner (date to be chosen by you) -, for Robert Bryce, the new Canadian Executive Director, IMF -- to add that this would be stag since Mrs, Bryce is not here. NOTE: We should let Mr. Visbord's secy. know whether or not ;you will attend his 1:00 PM lunch today at Kennedy Center for Mr. Whitelaw. WILL ATTEND WILL NOT ATTEND 10:10 AM - Rose C,cala called and said Dr. Norman Neureiter, of the http://fraser.stlouisfed.org/ Federal 0 Reserve Bank of St. Louis President's Office of Science and Technology, is going to Europe and wants a 30 to 40 minute briefing on the intl. monetary situation as he expects to get some questions. He is also going to get someone to brief him on Japan and asked that someone from Treasurylcome to his office, Rm. 212, Old EOB, at 10:00 AM on Thursday for such a briefing. I checked and found that Dr. Neureiter is a staff member of Dr. David's office; Dr. David is the President's Advisor on Science & Technology. Also, Dr. Neureiter's secy, in response to my query, said he was going to Paris, Bulgaria, and possibly to Yugoslavia. (395-3510) Tuesday, October 5,1971 - 2 - Messages for Mr. Volcker 11:30 AM - Richard Simons of Brookings called. He spoke of a 3 day Seminar on Federal Government Policy - Nov. 16-19, and invited you to be their speaker on Wednesday afternoon, November 17 on International Aspects of the Administration's The group will consist of 30 senior New Economic Policy, business executives - and the time he set was 2:30 p.m. to end about 4:00 p.m. He said it would be an informal presentation of about 25 minutes, off-the-record, followed by questions and discussion -- and could be either at Treasury or Brookings, whichever you prefer. He mentioned the fact that Mr. MacLaury had spoken to similar groups and suggested that if you were unable to be with them perhaps Mr. Bennett could undertake this. 18-19 On your calendar - November/iiik - EPC may meet in Paris. Should these dates be firm, you would be en route on the 17th. Is it all right to regret? YES • NO Refer to Mr. Bennett? YES AWL NO (Mr. Simons - 483-8919, Ext. 398) back from 12:20 PM - Mr. Petty would like to see you when you get http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the 3:00 o'clock White House meeting. Messages for Mr. Volcker - 3 - October 5, 1971 12:40 PM - Robert Nathan's secy. called and said you had promi sed to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis send a message to him this morning as to whether or not you can speak at a meeting he had spoken to you about on Oct. 28. After some digging, I was able to elicit the following information: It is a seminar on "Phase Two -- the New Economic Policies of the Nixon Administration" conducted by the National Economists Club here in Washington at the Mayflower. It ;is a paid seminar with members of the Club admitted at one price and non-members at another -- about 200 people expected in all. She expects the nonmembers will be economists in Govt. and in private industry and businessmen. The morning session will be on "Policy Issues and Conflicts of Domestic Stabilization," with Herbert Stein, Arthur Okun, and Arnold Webber. They would like to have you speak at the luncheon (lasting from about 12:30 to 2:30) on "International Policies and ;Issues': The afternoon session will be on "Recovery and Stabilization" with Otto Eckstein, George Cline Smith, President of MacKay-Shield Economists, Inc, and probably Dr. James of Air Transportation. Thursday, Oct. 28, is the day after our aril( refunding will have been announced and your cal. is clear. I can tell Mr. Nathan'ssecy? (833-2200) Is there anything otie d-- Messages for Mrc Volcker - 4 - Tuesday, October 5,1971 1:40 PM - Gene Knorr stopped by with the message that the Senate Foreign Relations Committee ordered reported favorably ADB, IDB and IDA. He said he was going to the Hill to confirm this and will talk with you later. 1:45 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (D -Texas) Congressman George Mahon4 Chairman of the House Appropriations Committee called. (180-2771) He asked that his call be returnedc Messages for Mr. Volcker _ 1 October 4, 1971 9:30 AM - Mr. Cates would like to see you about Canada. 8243 nge an appointment for you 9:35 AM - Mr. Dale's secretary called to arra day, October 5, with Mr. Schweitzwr (Mr. Dale to attend) on Tues and how we proceed from to discuss the Fund's Article IV specifically, here,"VSection8.Maintenanceodgold value of the Fund's GO. assets). ect I tentatively gave her 11:00 a.m. on the 5th, subj to your confirmation. Is it all right to confirm? YES NO (181-3067) 9:9:35 AM - Bradford Mills called. He asked that his call be returned. (632-8584) 10:05 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis her invitation for esday Mrs. Peter Flanigan called with the details for/Wedn evening to you and Mrs. Volcker. She said the ballet at the have an Kennedy Art Center begins at 8:00 p.m., and she will informal, light dinner at 6:30 p.m. at her home, ( ). She no choice apologized for the early dinner - but said she had because of the ballet hour. ON CAL. (Mrs. Flanigan - 362-2611) Mnnday, October 4, 1971 - 2 - Messages for Mr. Volcker He asked that his 10:40 AM - Congressman Wm. Hatheway (D-Maine) ailed. call be returned. (180-6306) new 11:30 AM - Mrs. Resting at the Danish Embassy called to say the Danish Ambassador to the U. S., Eyvind Bartels, would like to pay a courtesy call on you. She said he preferred the morning lam to the afternoon, so I suggested 12:00 noon on Friday, Oct. 8. (AD 4-4300) 11:45 AM - The secy. to Mr. Robinsond American Express called to say he will bein in Washington this coming Friday, the 8th, and would like to see you. I suggested 11:00 AM. On cal. 11:45 AM - Henry Wallich called and would like you to call Olm when you're free. New Haven, Conn. AC 203 - 436-8390 g In which 11:45 AM - Rose Cicala asked that we note a 9:00 a.m. meetin you and Dr. Walker are asked to attend in the Secretary's office on Wednesday morning, (October 6) budget. NOTE: to discuss the Mr. Betts will make the presentation. ON CAL. She 9:30 a.m. In-Depth Staff Meeting previously scheduled for Wednesday morning has been =died; cancelled; also the 8:45 AM staff meeting for Wednesday mortng has been calicelled. CAL. NOTED. that the In-Depth 12:00 M - The Exec. Secretariat has just informed us http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on Staff meeting has now been rescheduled for 9:30 a.m. Thursday, October 14 -- in Room 4121. ON CAL. _ 3 _ Messages for Mi. Volcker October 4, 1971 12:10 PM - Miss O'Brien, in the office of Edmund Visbord, Financial Minister at the Australian Embassy, called to say that Mr. Visbord is giving a lunch tomorrow for Mr. R. J. Whitelaw, First Asst. Secy. in Charge of the Overseas Economic Relations Division in the Treasury at Canberra, , ; i„ , at 1:00 PM at one of the restaurants in Kennedy Center and would very much like to have you attend. Oscar Mackour, who handles Australia, is on leave, so I checked with Mr. Reynolds, who allowed as how Mr. Whitelaw is more on Mr. Petty's level. I then checked with Mr. Cross, who said he has alse been invited to the lunch and is goigg; Mr. Cross said Mr. Whitelaw is sort of the senior person in Civil Service on the intl. side and Mr. Petty would be more his equivalent. Your cal. is clear until 2:30. (797-3281) ACCEPT REGRET eon in the Dining Room lunch d close a g havin 12:30 FM - The Secretary is http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis today. (CAL. NOTED.) Messages for Mr. Volcker - 4 - 2:25 PM - Robert Nathan called. He asked that his call be returned at your convenience. NOTE: Monday, October 4, 1971 (833-2200) - Dr. Wallich will be at the University until 4:00 p.m. your call has not been placed to him by that time, he will call you from his home after 6:00 p„m„ 4:50 PM - Mr. Adams would like to see you again when you are free. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Peter Towe's secy. called and said he would like to have a dinner to introduce Robert Bryce, formerly Mr. Reismann's predecessor presently as Deputy Minister of Finance and/Economic Advisor to the Prime Minister, who is about to become the Canadian Executive Director for the IMF. Mr. Towe is especially eager to have you and Mrs. Volcker attend and wondered if one of the following three dates might be convenient: Thursday, Oct. 14 (when you're to be a panelist at a dinner mtg. sponsored by the School of Advanced Intl. Studies, Johns Hopkins University), or Friday, Oct. 15 (when I think I heard you tell someone you might be leaving for Europe), or Thursday, Oct. 21st (when you might be returning from Paris). If none of these dates is convenient, Mr. Towe would appreciate your indicating a date that might be convenient -- he is quite flexible. (332-1011) -i Messages for Mr, Volcker 5 ... Monday, October 4, 1971 6:20 PM - Robert Nathan called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Since he was unable to reach you, he asked that I give you his message and he hopes that he might have your answer this evening - or early tomorrow morning. He is calling about the National Economists Club seminar which is being planned for one day here in Washington on October 28th0 He said Herb Stdn will open the seminar at 9:30 a.m. in the morning and will talk about the general concepts of Phase II; Arnold Weber and Arthur Okun will be speakers in the morning on Phase II Stabilization. In the afternoon, Otto Eckstein and one other (whose name he will have later this evening) will talk on economic growth and development. He is inviting you to be their luncheon speaker on K the international aspects of the new The Seminar will be at the Mayflower Hotel and paid will be by/registration for those attending the all-day program, session. Your calendar is clear on Thursday, October 28. Mr, Nathan's home phone is: . In the event you don't speak with him this evening, do you wish to say that you WILL WILL NOT accept his invita- tion to be luncheon speaker at the Seminar on Thursday, October 28th. Messages for Mr. Volcker CALENDAR NOTES: 1) - 1 - Friday, October 1, 1971 A luncheon meeting has been arranged for Messrs. Schiller and Schoellhorn with the Sec retary and you in the Secretary's Dining Room today atui 1:00 PM. 2) Dr. Ossola has a 2:30 p.m. appointme nt with the Secretary and you in the Secretary 's Office. 3) Messrs. Cross and Widman are sta nding by to meet with you as soon as you are ready pri wito your luncheon with Messrs. Schiller and Schoellhorn. (5081 - 5166) 11:55 AM - Mr. van Lennep called . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he had talked yesterday with Mr. Samuels about the next meetin g of WP-3 and the idea was suggested that maybe Mr. Samuel s and you could come to Paris a day earlier in order to see each other on Sunday afternoon or night before the meetings. He said it would be useful to have you (and mentioned Gov. Daane, also) to meet with pos sibly Messrs. Einniinger and Ossola -to prepare for the WP-3 and G-10 meetings, Mr. van Lennep could arrange for a dinner at his home on Sunday evening, or Ambassador Greenwald will arrange a dinner (October 17) . Park at 4:00 PM today. He is leaving the Sheraton- At 12:30 pm he is meeting wit h Mr. Petty; and will be in the Obs ervers' office of the IMF at the hotel from 1:00 pm to 1:20 pm, He has aluncheon engagement at continued/p.2 Messages for Mr. Volcker - 2 - 11:55 AM - (van Lennep) 1:30 pm. Friday, October 1, 1971 I explained that you were on the Hill, and would be given his message on your return. Should you be unable to sreturn his call this afternoon, he expects to arrive back in Paris tomorrow morning and will be there all of following week except for Monday when he will be in Strasbourg. (PHONE: Observers' office - Franklin Room, Sheraton-Park,1 9-467-6640) 12:20:PM -t4r. Petty called from the Hotel. returned. He asked that his call be *221111* (2663) 1:10 PM - The Executive Secretary has informed us that the Secretary will will hold an in-depth staff meeting at 9:30 a.m. on Wednesday, October 6, in Room 4121. Mr. Betts and his staff will outline the organization of his office, its functions and major issues. They expect the meeting will last until 10:45 a.m. ON CAL. 2:00 PM - FNMA has informed us that their Board meeting in November will WiRdmaliday* Tuesday, be held on/the 16th (from 9:30 a.m. through lunch) in Miami http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Beach during the week of the National Assocaion Real Estate Boarobconvention, and has asked that we inquire whether you will attend and for how many nights you will need a reservation. On your calendAr: Paris. Thurs-Fri., Nov. 18-19 -- EPC may meet in Shall we say you will attend? YES NO (Mr,, Clifford - 9-293-6072) Messages for Mr. Volcker NOTE: Friday, October 1, 1971 - 3 - Mr. Bennett met with the Treasury Financing Group this morning and has asked that a meeting be arranged with you on Monday for discussion of the November refunding. Is it all right to confirm? I have given them 3:30 pm. YES NO (5848) 3:55 PM - Marty Miller called and would like to come to see you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on Monday morning, if not before, re action needed in re Chairmanship of the Cmte, Messages for Mr. Volcker Thursday, Sept, 30, 1971 - 1 10:00 AM - John Griffith of the U,K. Desk at State, called to make an appointment with you for Earl Sohm, who is going to London as the new Deputy Chief of Mission and who would like to pay a courtesy call and have a brief conversation with you on monetary policy matters before his departure. I have tentatively given him 2:30 p.m. on Tuesday, October 5th, and have requested a bio sheet. I have also informed Mr. Cates since Mr. Mackour who will be away on Tuesday thought he might like to attend. (Mr. Griffit1m-101-28590; or Mr. Sohm-101-28312). NOTE:Mr.Griffith did not think anyone from State would accompany Mr. Sohm.) William 10:15 AM - Mr0 Cohen called. Mr./Donaldson of kitaikim Donaldson, Lufkin and Genrette (an investment banking firm in NYC) was in his office and wanted to speak with you. He asked that I leave word that he had called about a personal matter and will call again on his next trip to Washington. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Bob Bethke called Mr, Adams to ask that he arrange an appointment for Lord Cromwell with Mullens and Company of London -the British Government's official bond broker -- for about 5 minutes, following his appointments with Messrs, Bennett and . Adams on Friday morning (October 22). Lord Cromwell will be in Treasury between 10:00 a.m. and Noon on that day. tentatively given him 11:45 a.m. Is it all right to confirm? YES NO (5806) I have Messages for Mr. Volcker _ 1 _ Friday, September 24, 1971 8:45 AM - Frazar Wilde called from Hartford. returned. He asked that his call be (His secretary said he would be away from his office between 11:00 am. and 1:00 p,ific) (A.C.203-243-8811,Ex t.261) 9:40 AM - Mr. van Lennep calleand asked that you return his call should you return by 9:50 a.m. since he was leaving the office at that time, OECD AftexxthatxXimE4xMxxxMaxximpumfaxmixtkaxiilizmetnxxxislix The secretary called back to say that Mr. van Lennep would be in conference in the East Room of the Mayflower Hotel from 10:00 a.m. to 10:30 a.m. and could be reached there. I told her you had a meeting at 10:00 and would be unable to call Mr. van Lennep then -- and suggested that perhaps she might call later this morning with the information as to where he could be reached. (Phone No. 298-8755 - to 9:50 a.m.) Do you want me to ask Rose to fit Mr. van Lennep in to the Secy's calendar at some point? Somehow I got the impression you thought Secy. would not have tine to see him but wanted to give van Lennep the impression that we were trying hard to get him fitted inc 10:20 AM - Mr, Petty would like you to call him. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis We should let Mr. Smit know whether or not you're going to his 1:00 o'clock lunch today at the IMF for Diedericks. YES NO Messages for Mr. Volcker - 2 - Friday, September 24, 1971 10:25 AM - Mr. van Lennep will be at a reception and luncheon in the East Room of the Mayflower Hotel from 12:45 p.m0 until about 2:00 pm. and has left word that he can be reached there. (347 3000). 10:30 AM - Mr. Betts' office called to inquire about whether you would like http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to have lunch in the Secretary's Dining Room today. You would be the senior official (the Secretary has an outside luncheon; and Dr. Walker has other plans) -- and if you wish to have lunch there, skE his secretary will extend invitations to eat in the Dining Room to others on the list and available. Shall we say you WILL WILL NOT have lunch in the Secy's Dining Room today. (5391) Messages for Mr. Volcker Riday, September 24, 1971 - 3 10:50 AM - Senator Proxmire returned your call. His secretary said he would be on the Senate Floor for a while -- but would be available when you called again. I told her it possibly would be sometime between 12 noon and 1:00 p.m. -- as an approximate time for your return to the office. 11:20 AM - Bob Solomon is attending the luncheon at the Fund today and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called to ask whether he might ride with you back to Treasury for the 2:30 p.m. Delegation meeting. I told his secretary that you would be returning to Treasury for the same meeting and that I was sure that he would be welcome. Should there be a change in your plans, we will let his office know. Messages for Mr. Volcker - 4 - 1:10 PM - Senator Proxmire return ed your call. September 24, 1971 180 - 5653 2:25 FM -Mr. de Vroom of OECD called at the request of Mr. van Lennep http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis who asked him to follow up on the matters he had discussed with you. 1) He confirmed for Mr. van Lennep that he would attend the dinner at FDIC on Saturday night. 2) This sedond matter is one which Mr. van Lennep would have liked to explain to you, himself. He asks whether it would be possible at all for you to include in the guests at your dinner tomorrow evening (Sat.), Dr. Oort of the Netherlands, who is theVleading delegate. Dr. Oort is the new Treasurer General of the Netherlan ds Ministry of Finance the function that Mr. van Lennep used to hav e before he joined the OECD. Mr. de Vroom mentioned the fact that Mr. Dow, when he sees you this afternoon, wil l amplify the reasons for extending the invitation to Mr. Oort, and has asked that we call him with your decision before 6:00 p.m. this evening, if possible. NOTE: Mr. de Vroom 298-8755. On the attached guest list provided by Mr. Willis , he has listed Mr. Oort "(not invited?)" -- in an app arent request for your decision as to whether an invitation sho uld br should not be invited, Messages for Mr. Volcker - 6 - September 24, 1971 Schoellhorn's 4:30 PM - Susan Steiner says Mr. Schiller's and Mr. office appointment to see Secy. here at Treasury in Secy's tomorrow has been changed from 2:30 to 2:45 because of something else Mr. Schiller must do. Mr. Hermberg will g so. plan to sit in unless you have objection to his doin Is this all right? YES NO van Lennep 4:45 PM - Rose said it would be all right to tell Mr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that the Secy. will see him at the Sheraton Park at 3:00 PM on Monday. I informed Mr. de Vroom at the OECD office here who said he would convey this to Mr. van Lennep. We left it that, if we do not hear to the contrary, we will assume this is agreeable to Mr. van Lennep. Messages for Mr. Volcker 5:30 PM - Mr. Bennett stopped by. Friday, Sept. 24, 1971 He was on his way to National and asked that we tell you he had left and would see you Sunday afternoon. 5:20 PM - The Argentine Embassy called to extend an invitation http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to you from their Charge, Mr. Negri, for stag cocktails at the Embassy on Tues., Sept. 28, at 6:30 PM in honor of the Argentine Minister of Treasury and Finance Quilici -- at 1600 New Hampshire,Ave., N. W. be glad if you have a chance to stop by. They will Thursday, Sept.23,1971 Messages for Mr. Volcker of your 8:25 AM - Mr. Peterson's secretary called to remind you 9:00 AM which will be in Conference meeting with him/this/morning 4•• Room 305, Old Executive Office Bldg. 9:30 AM called to inquire - FYI - Alex Butterfield of the White House ay). whether you were going to be in town tomorrow (Frid 9:35 AM - Mr. Dale called and said Mr. Crispi has received word that Mr. Ossola will not arrive until 5:00 today and Mr. Crispi is trying to rearrange Ossola's appointment with Mr. Schweitzer for 6:00 or 6:30. Assuming he is able to do so, Mr. Crispi is thinking in terms of a dinner meeting tonight for you and Mr. Ossola to get together. Mr. Crispi will be back in touch with Mr. Dale on this. I told Mr. Dale so far as I knew you had no dinner engagement this evening. 9:37 AM - Mr. Weber stopped by and said there were a lot of news items coming across on the tickers about an IMF plan for realignment -- and giving figures -- and he needs guidance from you ASAP. I alerted Mr. Dale to the ticker stories. 9:45 AM - Mr. Dale's secy called and said Mr. Crispi was able to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis arrange for Mr. Ossola to see Schweitzer on arrival late this afternoon and is tentatively planning on dinner at his (Crispi's) house at 8:00 but will keep in touch with Mr. Dale during the day as to exact time of Ossola's arrival. Crispi's house is at 3811 Joselyn St., off Conn. between Albemarle and Nebraska, to the left. Messages for Mru Volcker - 2 - Thursday, Sept. 23, 1971 10:45 AM - Mrs. Aschinger called from the Shoreham Hotel where she and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Dr. Aschinger are staying - and referred to the letter to him in vhich you had suggested that he call after his arrival to see if a mutually convenient time can be arranged for a meeting. (Note: In this same letter you thanked him for sending you his book "The Currency System of the West:' •••• imb This was in German.) Mrs. Aschinger suggested an appointment tomorrow, since she said the following week would be a very busy time, and Dr. Aschinger is free tomorrow. Your last appointment on your calendar for tomorrow (Friday) is at 5:00 p.m. with Fritz Berg of the German Fed. of Industries. Is it all right to put Dr. Aschinger down for 5:45 pm (Friday - 9/24) NO YES tomorrow?? (or) - sometime Saturday morning? TIME? (Mrs. Aschinger - Shoreham Hotel - Room D-404) AO y-0 263 _ 3 _ Messages for Mr. Volcker Thursday, Sept. 23, 1971 1:20 PM - Mrs. Sidley of Alex Butterfield's office called to invite you to attend the Cabinet Meeting at 9:00 a.m. in the until Cabinet Room. She said this would last/about 9:30 a.m. MEI and mentioned the fact that the Secretary would be/giving a presentation. ON CAL. 2:00 PM - Ed Hermberg stopped by tiuR to say that he is going to be in Washington through Tuesday - and is available should you want to see him. He can be reached through Mr. Cross on Extension 5081. 3:15 PM - John Martin, Chief Counsel, Committee on Ways and Means, called. He said that he understood you were trying to get in touch with Chairman Mills. If you would advise him of the nature of the problem, he might be of assistance. (His No. 180-3628.) 4:00 PM - Mr. Mackour advised me that the Secy, is seeing Ferrari http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Aggradi in his office at the Treasury at 12:30 on Saturday and has invited Ferrari Aggradi to lunch here in Secy's Dining Rm. at 12:45 about. Messrs. Cross, Newman, and Mackour dis- cussed the guest list and arrived at the following: The Secy. and you plus Ferrari Aggradi, Carli, and Ossola -- only 5 -and, if the principals want to have a few minutes of private conversation before lunch, they can do so. Mr. Mackour is advising Rose of the proposed luncheon guest list so she can September 23, 1971 - 4 - Messages for Mr. Volcker clear it with the Secy if there is a chance, and Mr. Mackour asked me to see if this is all right so far as you are concerned. Your cal. is clear. On cal. Is is all right to plan that you will attend and is the suggested guest list all right? YES -,( 1' NO A-Iii /6 r. voiefrd ' 4:15 PM - Mr. Crispi's secreeary called to say that he can have the dinner for you and Mr. Ossola at 9:00 p.m. this evening. Shall we tell her this ts all right with you? YES NO (Miss Lopez - 181-3301) NOTE: ow morn- Mr.Peterson's meeting from 8:00 a.m. to 8:55 a.m. tomorr ing (Friday) will be held in Conference Room 305, Old EOB. Cal. Noted Times 4:30 PM - Robert Kleiman of the Editorial Board of the New York http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called. He asked that his call be returned. (Mr. Kleiman expected to be in his office indefinite tonight.) (His phone: A.0 212-556-7407) _ 5 _ Mess ges for Mr, Volcker 5:45 PM - Gov. Daane called. Thursday, Sept. 23, 1971 He asked that his call be returned. 6:50 PM - Mr. Samuels called to resume his conversation with you. He asked that you call when you are free, (101-20410) (His secretary said he would probably be leaving his office or earlier e he was going to an 8:00 p.m. dinner.) p.m./sinc about 7:30 7:05 PM - Gov. Daane called. He said he was anxious to Ka talk with you. Will be in his office until about 7:15 p.m. and will call when he leaves for home. 7:20 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Gov. Daane has left his office. (Phone: ) Will be at home about 7:40 pm. -1 Messages for Mr,. Volcker NOTE: Wednesday, Sept, 22, 1971 - ,Mr. Cates, who will be sitting in on your 10:00 a,m. meeting, -bout 5 minutes after the meeting ( would like to remain for with the Germans -- to discuss Canada. Is it all right? NO YES (Miss Steiner will attend the 10:00 a.m. meeting this morning, also,) 9:35 AM - Gov. Daane called and said the Chairman has a 2:30 appointment (61 t. , s(AhL-: 144: with the Gov. of Central Bank of Israel but would be free up Pq until 2:30 or is free for half an hour before lunch if you . • c: Li Lou - (' would like to come early and think half an hour is not enough. I take it this means you plan to attend the Fed lunch today -is it OK to set up the usual financing group to go with you and say you'll attend? YES NO Do yuu wish to see Chrm, Burns at 12:30 as well as after lunch? YES NO 9:40 AM - Frazar Wilde called and will try you again probably, since he's leaving his office early today but not yet sure just when, 9:40 AM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He didn't want to leave word for you to call him. Hirschtritt would like to see you. Messages for Dvir. Volcker - 2 - September 22, 1971 2:30 PM - Jim Smith's office called to invite you to accompany the Secy. to two meetings on the Hill to talk about the New Economic Policy. The first is a luncheon at 12:30 tomorrow with the Senate Finance Cmte. in Rm. 2219, New Senate Office Bldg. The second is on Friday at 11:00 with the Senate Foreign Relations Cmte. in Rm. S. 116, the Capitol. Tomorrow you are invited to lunch by Nat Samuels for Mr. van Lennep at State at 1:00 -- we have not responded to this invitation as yet. On Friday, the academics & officials are meeting starting at 10:00 AM; your cal is clear at 11:00 if you do not attend the meeting of academics & officials. Shall we tell Mr. Smith's office that: YOU WILL OR WILL NOT LUNCH TO ORROW ON THE HILL. ATTEND THE YOU WILL OR WILL NOT ATTEND THE 11:00 AM MEETING ON THE HILL ON FRIDAY. Messrs. Petty, Cohen, and Pannill are also being invited to accompany the Secy. also 3:05 PM - 1 The State Department has just informed us that Mr. Petty is/being invited to Mr. Samuels' luncheon for Mr. van Lennep at State at 1:00 p.m. tomorrow (Thursday), but Mr. Samuels sincerely J' hopes * 2:00 PM - Murray http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you will be able to attend, 4 eeger of the Los Angeles Times called again to ask for a few minutes with you in person, or on the telephone, to chat with you about some intl. monetary matters. (296-1440) Messages for Mr. Volcker September 22, 1971 - 3 - of America dinner tonight, Miss Bank the t abou ed call I n 'Whe NOTE: given me earlier, 8:00 PM, Schaffer told me the time she had drinks, and 7:45 to sit down had been changed to 7:00 PM for if you can come at all, to come to dinner. But she suggested, or, if they are still serving when you can either for a drink, dinner. She said they would at the Intl. Club, you can have e some time after dinner. be sitting around talking for quit /Mr.. Fowler called from New York. "Mr 5:10 PM/ He suggested that if you were unable to return his call by 5:30 p.m0 this afternoon, you might call him at his home in New York on , this even- ing when you are free. to say la in Rome 5:15 PM - Mr, Crispi called/that he had spoken with Mr. Osso http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ernhis afternoon, who suggested that he (Mr. Crispi)call you conc h we ing Mr. Ossola's appointment with you tomorrow afternoon whic have on your calendar for 4:30 p.m or 5:00 p.m. Although Mr.Ossola is the is due to arrive in Washington at 2:30 p.m., he)6thinks there as did possibility that he might experience a 2-hour late arrival Gov0 Carli yesterday. He suggested 6:00 p.m. as a better time, for er at 5:00 pm the reason, too, that Mr. Ossola is seeing Mr. Schweitz talk about aboutxtkil for the same reason he wishes to see you -- to coming the best way to organize the Deputies' meeting on this Saturday (3:30 p.m. in Continental Rooma Sheraton-Park). Should val, there be any further substantial delay in Mr. Ossola's arri Mr. Crispi will call. (continued on p.3-a) - 3-a - Messages for Mr. Volcker Wednesday, September 22,1971 - Mr. Crispi you -Mr. Crispi said he wished to add a personal message for home that normally he would have arranged a working dinner at his ifor your visit with Mr. Ossola -- but this would present diff culties now since Mrs. Crispi is expecting a baby at any time. Mr. Ossola's call on I have noted your calendar tentatively for would confirm this you at 6:00 pm. tomorrow and told Mr. Crispi I to his secretary in the morning. p.m. tomorrow Is it all right to schedule Mr. Ossola for 6:00 YES (Thursday, Sept. 23)? NO OTHER (Mr. Crispi - 181-3301) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis right If you see Ossola at 6:00, you could see van Lennep rs after his 4:00 o'clock appointment with Secy. Roge would you prefer this to seeing van Lennep this eveting? YES NO Messages for Mr. Volcker - 4 - September 22, 1971 i was in for a long 5:15 PM - Mr. Roosa called and said Kashiwag http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis have the visit this afternoon and sometime, if you ever time, Mr. Roosa would like to tell you about it. But Kashiwagi the gist of the thing is, in the light of what it would was saying and implying, Mr. Roosa said he thought Kashiwagi be wise, if their mutual schedules permitted, for to see you started, sometime on Friday before other things get Mr. Kashiwagi told Mr. Roosa he isn't sure of ster his instructions until tomorrow night because his Mini ng arrives tomorrow night and Mr. Kashiwagi will be comi to Washington tomorrow and will meet with his Minister tomorrow night. Mr. Roosa sais "if there is as much chance of flexibility after Kashiwagi sees his Minister as there seemed this afternoon, it might be worthwhile for you to see Kashiwagi on Friday." - 1 - Messages for Mr. Volcker NOTE: September 21, 1971 Have given Mr. Kearns 11:45 tomorrow morning. Mr. Pappano said Mr. Petty told him you were seeing Kearns and suggested that Mr. Pappano sit in. Have you any objection? YES NO If Mr. Pappano n, should Mr. Cavanaugh sit in also? YES NO 11:00 AM - Chairman Burns' office called to invite you toxtilla & the financing group to the usual lunch tomorrow. Do you wish to go? YES NO 11:15 AM - Murray Seeger of the Los Angeles Times called and would like to speak to you on ithe phone. 296-1440 11:30 AM - Protocol at State called to invite you to a 1:00 PM luncheon http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on Thursday, Sept. 23, that Mr. Samuels is hosting for Mr. van Lennep in the Thomas Jefferson Rm. at State. Cal. clear. Do you wish to: ACCEPT REGRET (632-0256) Messages for Mr. Volcker NOTE: - 2 - September 21, 1971 Is it safe to tell Mr. Adams that he should plan to speak to the NAM's Monetary & Fiscal Policy Subcmte. & Expenditures Process Subcmte. on proposals for reforming the Federal Credit agencies at the Marriott Twin Bridges Motel at 10:00 AM this Thursday the 23rd? ti 17? 5' YiAt YES )c NO 3:00 PM - Mr. de Jonquieres, in the Washingt on office of the Financial Times, called to say Samuel Brittain, thei r Economics Editor, is arriving in Washington tomorrow and expressed a strong desire to see you if possible, particularly on Thursday or Friday. (347-8676) Shall we just not respond and, if they call again, say we were wait ing to see if your schedule opened sufficiently to permit you to see him? YES NO 3:45 PM - Bob Bethke called and would like you to call him. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NYC 943-4400 Mr. Petty's secy. called and said they still have to get the Secy 's approval but are trying to schedule a U. S. delegation mtg. at 2:30 this Friday in 4121. On cal. Messages for Mr. Volcker - 1 - September 20, 1971 to speak to you on the 9:10 AM - Mr. Wm. Dale called and would like phone. 181 - 3067 to testify before 9:25 AM - Robert Roosa called and said he is here d be any the Joint Economic Cmte. and wondered if there woul ld be around chance of seeing you when he finishes, which shou e. noon, and before he has to leave to catch his 1:30 plan ly important. He said he thinks tactics right now are especial to be back in He has to catch the 1:30 plane because he has NY for 4:00 PM appointment with de Lattre. I suggested he and he will check in with us when he finishes with the JEC do so. office and, when he Mr. Roosa was phoning from Gov. Daane's e on, who said he finished talking with me, he put Gov. Daan s backgrounder today understood Mr. Brumley was planning a pres and asked to be informed of the time & place. needs to know whether you 9:35 AM - Marty Miller called and said he ned to do. got together with the Secretary as you plan 2219 her you'd be able to see Wm. 9:50 AM - Mr. Pappano called to ask whet http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis representative to the Eberley, who has been appointed U. S. been set up to try to OECD high level trade group which has should go from here. decide where the major trading countries Mr. Eberley is seeing Mr. Petty at 10:30. I asked if it were ano said somehow essential that you see Mr. Eberley and Mr. Papp Messages for Mr. Volcker - 2 - September 20, 1971 Mr. Eberley's office got the im pression that pm he was to see Mr. Petty and Secy. Conn ally and, when they found the Secy. couldn't see him, ou r people tried to arrange for Eberley to see you to assuag e his feelings; otherwise, it would not be necessary to ha ve you see Mr Eberley. Ar e you willing to see him briefl y at 11:00? (5932) YES NO 9:55 AM - Mr. Kearns' secy called to ask if you'd gott en back and to remind that he is anxious to see you. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Late Friday, Mr. Adams aske d me to put down 4:00 PM on your cal. for a meeting with th e financing group. Messages for Mr. Volcker - 3 - September 20, 1971 10:10 AM - Mr. Nelson called and would like to see you sometime today to see if you have any answers for him on the matters he left with you. NOTE: Mrs. Volcker said the Folgers have invited you both to their annual black tie dinner in conjunction with Bank-Fund week at 8:00 PM on Friday, Oct. 1st. She asked that we check this with you and give a reply to Mr. Folger's secy. clear the evening of Oct. 1st. ACCEPT Your cal. is 2 X Ida REGRET rfa'A \ 11:55 AM - Mr. Uffen, Economic Counselor at the British Embassy, called and said he had just had a call from Mr. Neale, who will be coming for the G-10 Deputies meeting, arriving in Washington Wednesday evening of this week, will be attending tilExAmExiigamxEmtHERKIEtaximEctitmtmximaRtimgmmx ThuKsdayxamixthe Machlup group meeting on Friday, and would like to pay a call on you on Thursday or Friday. Do you wish to fit him in? Mr. Uffen said Mr. Neale will be staying at the Manger Hay Adams. YES (462-1340, Ext. 457) )( NO 1:15 PM - Mr. Roosa sent word that he didn't finish testifying soon enough to come to see you but had to rush to catch his plane. He'll be in touch with you as soon as possible. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ak Messages for Mr. Volcker - 4 - September 20, 1971 2:20 PM - the secy. to James Robinson, of American Express, called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to say he will be arriving in Washingto n on Sunday for the Bank-Fund meetings, staying at the Mad ison thru Thursday morning, and would very much like to see you if possible, but he knows how difficult your schedule must be. NYC - 944-2000 Messages for Mr. Volcker - 1 September 14 - 17, 1971 Tuesday, September 14 9:05 AM - Frazar Wilde called you and cancelled the call when told you were en route to London. Wednesday, September 15 1:00 PM - Terry Shaeffer in the Washington office of the Bank of America called to invite you to an informal stag dinner at 8:00 PM on Wednesday, Sept. 22, in the Tastevin Roam, the International Club, which Mr. Hoadley and Mr. Van Vlierden are arranging during their visit to Washington to attend the American Enterprise Institute meeting. They are also inviting Edward Bernstein, Mr. Southard, Ed Fried, Dr. Burns, and Mr. McCracken. clear. Your cal. is (833-8558) ACCEPT REGRET Thursday, September 16 an appoint12:30 PM - Henry Kearns' secy called and said he would like http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ment to see you on Monday. I told her that would be your first day back in the office and I didn't know quite what you'd have on the docket so I'd better put the request on ed. the message sheet and be in touch with them when you return Tuesday-Friday, Sept. 14-17,1971 - 2 Messages for Mr. Volcker Thursday, September 16 4:30 PM - The social secretary to New Zealand Ambassador and Mrs. Frank http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Corner called to extend their invitation to you and Mrs. Volcker to attend a Black Tie Dinner for the Minister of Finance of New Zealand, Robert Muldoon, at the Embassy residence, No 27 Observatory Circle, Wash.,D.C., at 8:00 p.m., on Tuesday, September 28. On your calendar for Sept. 28: 1. 6:00 p.m. - Reception for Giscard d'Estaing and French Delegation by Fin.Min, to French Embassy and Madame Marc Vienot - REGRETS ONLY 2. 6:00 p.m. - 8:00 p.m. - Mr. and Mrs. Volcker to attend reception by Ambc of Switzerland and Mrs. Felix Schnyder at 2920 Cathedral Ave.,N.Wo 3. 7:30 p.m. - Mr. and Mrs. Volcker to attend small, informal sit-down dinner buffet by British Amb. and the Countess of Cromer, at the British Embassy, 3100 Mass. Avenue, N.W. Is it all right to REGRET the invitation by the New Zealand Ambassador and Mrs, Corner? YES NO (Miss Edwards: 9-265-1721) Ov's/p/ _ 3 _ Messages for Mr. Volcker Tuesday-Friday,Sept. 14-17,1971 Friday, Sept. 17 9:45 AM - The Bilateral Relations Program office (Mr. Syvrud's office) OASIA, called about a courtesy call Mr. Stanley Cleveland and Mr. Gerald Ro-acn of the State Department would like to have with you. They are both being assigned to Brazil. Mr.Cleveland as Deputy Chief of Mission and Mr. Goldstein as Counselor for Economic Affairs. They are being briefed by Mr, Petty and Mr. Syvrud on October 5th (Tuesday), and I have tentatively given them 3:30 p.m0 on that day. Is it all right to confirm? L, YES k ), NO (Regina Young -Ext. 5272) 9.55 AM - Mr. Canner of the Office of Trade Policy, OASIA (Mr. Pelikan's http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis staff) called concerning William Eberley, who is the U.S. Representative to the OECD high level trade group. Mr.Eberley is coming in to see Mr, Petty at 10:30 a.m., and Mr. Pelikan would like to bring him in after his meeting with Mr. Petty for a courtesy call with you. 11:00 a.m., I have tentatively given him Is it all right to confirm? YES NO (Mr. Canner - 2396) Messages for Mr. Volcker Friday, Sept. 17 - 4 - 71 Tuesday-Friday,Sept.14-17,19 u ris to find out whether yo Pa om fr ed ll ca w Do r he op st 11:15 AM - Chri ed d 19. He said he had talk an 18 r be to Oc on ee fr be d woul d d the only doubt you ha an y, da er st ye on nd Lo in u with yo sury Financing meetings. ea Tr e th of s te da e th d concerne e rward toward organizing th fo ve mo to ed nt wa he id Mr. Dow sa and if you were free he th 19 d an th 18 e th on gs WP-3 meetin e dates of October 26-27 th d ke ec ch I y. da to is would do th Adams, and he confirmed . Mr th wi le du he sc g in nc na for the fi ion on to Mr. Dow that at rm fo in e th ed ss pa I these dates. er ect and told him that eith sp re at th in ct li nf co no s there wa h with him on Monday should uc to in be d ul wo s os Cr m you or Sa tes. His private phone in da e th t ou ab on ti es qu y an there be etary suggested that 10:30am cr se s hi d an -' 00 87 452 Paris is: me) might be a good time to ti s ri Pa m. p. 0 :3 (3 me ti Washington NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - ould this be necessary. reach Mro Dow on Monday, sh y who said he would call me Ca Mc . Mr to on e ov ab e th I passed you of Mr. Dow's call; rm fo in to y da to on nd Lo in Sam Cross ndar items for the igth le ca o tw u yo ve gi to m hi d I also aske and 20th e ataxiNg be of any consequenc xt my xi mE ka e es th ld ou sh and 19t114 -3 meetings on the WP e th r fo s te da e th on on in your decisi 18th & 19th of October Relations invitations: Foreign (These are both Council on en study on the 19th_ the Fred Bergst on the 20th, you have been Group chaired by Mr. Roosa; of the Council on Foreign g in et me er nn di a at lk ta invited to Relations c) Monday, Sept. 13, 1971 Messages for Mr. Volcker (Kearns) 8:35 AM - Mr, Kim/called. He asked that his call be returned. (128-21131) 9:00 AM - The OPIC Board was informed this morning that Mr. Hennessy would be attending for you - and they mentioned the fact that there was going to be a picture-taking session at 12:30 p.m. L (Halby Scott of Commerce is to be sworn in as a new Board Member). There is no set time for lunch - but I told the Secretary that if the/hearing wax permitted you might possibly join the Board for lunch. NOTE: Secretary's Dining Room open the in h lunc kept also have I be confirmed on your and have tentatively accepted -- to return from the Hill. Dining Room today? Shall we confirm lunch in the Secy's NO YES the Secy's Dining Rm.luncheo 11.50 AM - I bad your name rpmord from aid want to luncri there,we list - Sholaa your. returnDy z:lu Rm rouw an alTd RE4rdbP6laYAVSs he was 9:50 AM - 11:71ijekoRtffPrkPRY71 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Connally and, anxious to get something to you and to Secy. bo0 efore you you/b if at all possible, have a few words with leave for London. I explained you were on the Hill testifying supposed to testify before the Ribicoff Subcmte.; the Secy. was to testify; we but had to meet with the President so you had would have to didn't know when you'd be back or whether you go back to testify this afternoon. Mr. Rockefeller said he September 13, 1971 - 2 - Messages for Mr. Volcker and he underhad tried to reach the Secy. unsuccessfully stood the problem. He said he would think about it and just on the try to decide whether or come on down anyway chance. us. He said he would probably be back in touch with he was leaving 10:15 AM - Gov. Daane called from Switzerland and said for London and would call again around 2:30 or 3:00 our time, in the hope of catching you. and would like to speak 11:45 AM - Leonard Silk of the NY Times called London meetings. to you on the phone sometime today about the hed there He is working at home today and can be reac NOTE: try on Mrs. Volcker said to remind you to go to Willners to your suits if you can find the time. g to the G-10 12:25 PM - Mr. Willis just learned about Nat Samuels goin meetings and is very anxious to talk to you. 1:00 PM - Mr. Adams asked about your calendar this afternoon and said he needed to have a financing group meeting, to put them down for 4:00 PM. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked me On cal, d called Mr. Samuels' secy called this morning and said she' e was leaving the Secy's office to find out when the Secy's plan and they said they didn't know. not knowing that the Secy the G-10 meetings, Evidently, they were covering up, had told Mr. Samuels he could go to I told her, in response to her inquiry, that Messages for Mr. Volcker - 3 - September 13, 1971 I understood the plane was to leave at 8:0 0 tomorrow but of course the Secy. could change that if he wished. She then asked if there were a briefing book and, if so, they would like a copy. I told her I knew nothing about a briefing book and would have to ask ;yo u. I alerted Mr. McCamey to the tpxo problem -- he said they were putting together some briefing books. 2:40 PM - Mr. Dale called and said he had a request from Mr. Smit, de Kock's successor, who is planning to have a luncheon at the Fund on Friday, Sept. 24, at 1:00 PM -- before the Annual meetings -- for Dederichs and a few other people, and Mr. Smit very much hopes you wil l come. The only thing on the cal, that day is the mee ting of academics and officials, starting at 10:00 AM and probably thru lunch. With respect to the Smit invitation, do you wish to: ACCEPT REGRET 2:55 PM - Mr. Nelson called. He would like to see you for a few minutes when you are free about some small gold sales. 3:00 pm - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Willis returned your call (2884). Messages for Mr. Volcker - 1 - September 10, 1971 9:20 AM - REMINDERS: (1) Cal Gov. Brimmer - 147 - 213 (2) Call Mr. Abbruzzese -- for Congressman Jack Brooks. 180 6265 9:30 AM - Mr. Dale called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. (He expects to go into a Board meeting at 10:00 a.m )(181-3067) Messages for Dvir. Volcker - 2 - September 10, 1971 11:30 AM - Mr. Hennessy called and said he had heard you might be testifying on Monday and then be off to Europe. He said, if you are not going to OPIC Board, he can go in your place and a briefing session will not be necessary, unless you have some particular problems with the items to be discussed and proposed Treasury position. He said, if you do wish a briefing session, he could come in any time over the weekend. 11:35 AM - Mr, Robert Kleimann, of the Editorial Board of NY Times, called and would like you to call him. NYC - 556-7407 12:06 PM - Mr. Dale called; I explained about Mr. Kearns and he said it wasn't urgent -- if there is a chance and Mr. Kearns isn't too long-winded, maybe he could talk to you before lunch or WE else after he gets back from talking to Mike Bradfield's intl. law group -- probably around 3:30 or 4:00. 12:25 PM - Mr. Roosa called and said he is going to testify before http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Ribicoff Subcmte. of the Senate Finance Cmte. on Tuesday morning. They had told him the Secy. was testifying on Monday and they wanted him on Tuesday. I explained the Secy. could not testify and you were doing it on Monday. Mr. Roosa said he had a little piece in the NY Times today which was a vehicle for saying that the Japanese revaluation should be at least 15 percent. Furthermore, he will have so Messages for Mr. Volcker - 3 - September 10, 1971 a piece in this coming Sunday NY Times relating to the G-10 meetings and expressing the substance of what he will try to say at the hearing on Tuesday. He has just finished his statement for the hearing and will put a copy in the mail for you which he hopes gets here Monday but, in any event, you can read the Sunday Times article. He wanted to discuss things with you before he testifies but, since you're testifying for the Secy., he said maybe it would be better to talk after you've testified. He is not flying down to Washington until early Tuesday morning. 12:40 PM - Mr. Sam Cross wondered if you'd had a chance yet to speak to the Secy. about the paper for the G-10 moo4tittg, estimating the size of the disequalibrium. 2:25 PM - Mr. Meissner of the Japan desk in OASIA called to say that for the Japanese delegation the formal goodbye ceremonies/which had been scheduled for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow morning, have now been cancelled He said the gmod farewells would be said tonight at the dinner at the White House which you are attending. NOTE: Mr. Adams, Mro Snyder and Mr. Cook have been meeting in in Mr. Adams' office since 2:00 p.m., mi a preliminary meeting before they meet with you at 4:00 pm or 4:30pm them. this afternoon, should you be able to meet with/yElmx This is on your calendar Messages for Mr. Volcker - 4 - September 10, 1971 3:20 PM - Sam Cross called to inquire if you'd had a chance to talk to the Secy. yet about the paper for the G-10 Deputies. I explained your situation and he said if you do want to send it out by cable today, they will have to move pretty fast. He said they've retyped it again but he wasn't sure it had been reproduced yet. (Copy recd, later and attached) 4:05 PM - Mr. MacLaury called and said he wondered if he could be of any help the weekend before the Bank -Fund meetings; if so, he could be here in Washington from late Friday afternoon, the 24th, until Monday evening, the 27th . He would not come unless you felt he could be of some help ; he understands this is a two-sided coin and he obviously would like to be in on some of the doings but he would also be glad to be of any help possible, if feasible. You may feel he has cast his die and should not be the camel putt ing his nose under the tent, but at least he wanted to make the offer. 4:50 PM - Mr. Abbruzzese called and would like to speak to you about the report Congressman Brooks is making to the North Atlantic Assembly. 180 - 6265 5:20 PM - Mr. Eggert, Vice President for Economic and Marketing Research, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of RCA, called and said Mr. Sarnoff, their Chairman, is giving a talk to the London Chamber of Commerce in late October, Messages for Mr. Volcker September 10, 1971 - 5 - his speech is in the process of being written, and the thought was it might be helpful if, at that time, he gave some indication of when the surcharge would be removed. Mr. Eggert would like to talk to you about what might be put in Mr. Sarnoff's speech about the surcharge or anything else that would be helpful. I explained your schedule, said I'd tell him of your call and perhaps you might be able to call him when you return from Europe. His phone in NYC is CO 5-5900, Ext. 4882 or 3. are 5:35 PM - Mr. Rossides called and said to tell you the Canadians coming down Monday and meeting at Mr. Marks and Mr. Cates' level. Mr. Rossides also said if you want them to look at your testimony for Monday, to let them know. I explained where that stood. 5:40 PM - NOTE: Mr. Parker of Public Affairs has arranged for the Reproduction Staff to come in on Sunday to run your Statement for your testimony at 9:30 a.m. before the Ribicoff Subcommittee on Monday morning. , is to be left at the Guard's For Secretary --The final copy, when ready typing text: 11 .owalski, . 1 : to r. Desk, 15th Street Entrance, addressed %1T http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Assistant to Mr. Woods who is on leave;/the Secretary's Operator who will alert Mr. Kowalski that the testimony at the Secretary's Entrance rto, go to the is available. 500 copies will be iravaaable by one or mr Smiths start tee Monday morning/; 50 copies and reading copy to m Comit Mr. Volcker's office, Room 3312,er/eerr4f-4/ _ 1 Messages for Mr. Volcker NOTE: September 9, 1971 I'm not sure that you ever returned Gov. Brimmer's call of yesterday. 147 - 213 9:45 AM - Mr. Kearns called and would like you to call him. 128 - 21121 11:00 AM - Franz Oppenheimer, who identified himself as Henry Fowler's former law partner and legal counsel to Otto Wolff von Amerongen, who is head of a large steel combine in Germany and also President of an organization of German businesses the name of which is sometimes mistranslated into the German National Chamber of Commerce but which is more like our Business Advisory Council. Under German law, all German business concerns are required to belong to this organization; there are business committees in each of the states and a national committee, which advises the Government on policy, and Mr. Wolff is President of the national cmte. Mr. Wolff will be in Washington on September 22 and the morning of the 23rd, and would like to see you for 15 minutes. Mr. Oppenheimer thinks it would be useful if you could see Mr. Wolff -- you will probably get some bellyaching about the surcharge but it might salve the German business community a bit. Your cal. is presently clear on the 22nd. Is it all right to give Mr. Wolff an appointment that morning? YES http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 NO (298-8020) r Messages for Mr. Volcke - 2 - September 9, 1971 ere are now two th id sa d an by d pe op st Dixon 11:25 AM - Mr. Leonard -the Secy. has agreed to at th s me ti e ur rt pa de le possib on Monday afternoon, or , 14 . pt Se y, da es either 8:00 AM on Tu to -- the rationalle being PM 00 2: at y hl ug ro , the 13th so he can have a little on gt in sh Wa of t ou . cy get the Se g London, the theory bein to e at im cl ac d an t ie qu peace and t ldenhall on Tuesday abou Mi to in t ge d ul wo y rt that the pa from there to a close-in ft ra rc ai l al sm a ke ta 2:00 AM and 00 AM hotels. If leave at 8: e th to go d an on nd Lo airport in athrow. Mr. Dixon said He to in g in go m le ob pr Tuesday, no st submitted to him li e th on le op pe e th l had approved al http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis . to accompany him to London Messages for Mr. Volcker - 3 - September 9, 1971 e you to call him. 1:05 PM - Gov. Brimmer called and would lik 128 - 213 Embassy called to say that 1:00 PM - Miss Gerth of the Netherlands at the Embassy and their I told Oscar Mr. Fritz Kupers, Economic Minister Mackour about van Steenwijk, would new Financial Attache, Ro H. Baron de Vos this and he will try to find monetary situation before out more aboutlike to call on you to talk about the their request & see if some -the end of the week at your convenience. one else can't NO YES Do you wish to see them? see them. MA to see them this week (or) express your regret at being unable because of full schedule. late afternoon appointment If yes, is it all right to suggest a have some one from (5:30 p.m.) either today or tomorrow and Mr. Cates' staff sit in? YES NO (Miss Girth - 244-5300) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis carried in a memo to you from One of Mr. Pelikan's men had Response to GAO Recommendations him on "Request for Guidance on (dated Aug. 27, 1971) ry." This bypassed Mr Petty, on Eximbank Borrowing from Treasu has been trying to since he was away at the time; and OASIA should be sent if a decision trace this since an "interim note" is is taking this memo through wax/not made soon. Mr. McFadden ha returning it to you. Mr. Petty now for his review before Messages for Mr. Volcker - 4 - September 9, 1971 3:45 PM - Mr. Rossides came by and said he would be glad to come to your office when you talk to Mr. Reisman, if you'd like him to, because Reisman is very knowledgeable and quite a technician. If not, Mr. Rossides would like to talk to you and get a fill-in after you've talked to Mr. Reisman. 3:50 PM - Miss Kuhn called to say their new Washington Bureau Chief of the London Financial Times would like to come in to see you and get acquainted; she said he would be here excepting for the week of Sept. 21st and would be at the Sheraton Park during Bank-Fund week. 347-8676 3:55 PM - Mr. Kearns called and would like you to call him. he has to talk to you. 4:35 PM - Gov. Brimmer called. He said 128 - 21131 He asked that his call be returned. (He expects to be in his office until 5:30 p.m.) --(147-213) 4:40 PM - Mr. Adams would like to set up a financing group meeting in your office at 4:00 p.m. or 4:30 p.m. tomorrow afternoon (Friday, Sept. 10) -- to discuss advance refunding. I have put a'hold" on these times -- subject to your confirmation. CAL. NOTED. 5:30 PM - Congressman Jack Brooks called to ask whether you had had an http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis opportunity to go over his papers. State Dept and expected shortly. I told him you were at tle The Congressman was leaving his office and said that Peter Abbruzzese would be available all day tomorrow either to talk) on the phone or come to your Mr. Ibbruzzese will call in the office whenever convenient morning. (225-6265) /if) — Messages for Mr. Volcker - 5 - Thursday, Sept. 10, 1971 siKum the Secretary 5:30 PM - Jim Smith stopped by with the message that will be unable to testify at Senator Ribicoff's Subcommittee on International Trade of the Senate Finance Committee on of the Pres° new economoprogram (on the intl. trade aspects and eftects on domestic economy) Monday morning/Decause me eresident has him tied up. The ee Secretary suggested that Dr. Walker do it, but the Committt be better is suggesting, and Mr. Smith agrees, that it would for you to do this. Mr. Smith would like to have a few minutes with you this evening to discuss this. NOTE: morning. The OPIC Board meets at 9:30 a.m. on Monday 5:55 PM - MESSAGE FROM MR, PETTY'S OFFICE. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (2038) He has some fish for you and Mrs. Volcker which has been stored in the Secretary's Refrigerator (in his Conf. Rmc?). I will ask the guard to get the package for you when you leave for home this evening. Messages for Mr. Volcker REMINDER: 1 September 8, 1971 Call Mr. Wille, FDIC, re applications for insurance from two Japanese banks in California (Mitchubichi and Sanwa Banks) and Question whether they should approve thes e right away as they normally do or hold the applicat ions up, in view of the discussions with the Japanese . FROM MESSAGE SHEET 9/7: 389-4201 Frank Saul called and asked that his call be returned. (A.C. 212-943-3300) 9:30 AM - Mr. Kearns called and would like to speak to you on the phone sometime today. 128 - 21131 9:45 AM - Gov. Daane's office has given us the list of those attendin g http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the special Fed Lunch today: The Chairman, Gov. Daane, Mr. Coombs, Bob Holland and Bob Solomon - and whomever you wish to invite to accompany you from Treasury. Invite: to accompany you. (Katherine - 147-201) 4 11:25 AM - MaxyxRinmextyxklmorafexxgd http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Wednesday, Sept. 8, 1971 - 2 - Messages for Mr. Volcker Marshall Burkes of the Farmers tegy Home Administration called Mr. Adams to discuss stra concerning the pricing tomorrow of a $300 million block s on sale of Farmers Home insured notes - and with Mr. Adam the Hill and not available, his call was referred to you. to I spoke with Dr. Burkes Who said the Managers wanted postpone the bid from 10:00 a.m. tomorrow morning until ch 1:30 p.m. tomorrow afternoon (after the President's spee to the Joint Session of Congress). Dr. Burkes was not sure he wanted to go alongWith this - and this is the point he would appreciate your view on. (113-3213) by for your call. NOTE: He said he would be standing or Dr. Burkes said he would wait until about 2:30 pm 3:00 p.m. If Mr. Adams was still tied up on the Hill with the Secretary, he wpuld be back to you. (I told him WHXR you would be away from your office from 1:00 p.m. until possibly after 3:00 p.m.) Messages for Mr. Volcker - 3 - Wednesday, September 8,1971 11:45 AM - Mr, Cardenas of the Mexican Embassy called to extend an invitation to you and Mrs. Volcker on behalf of the Amb. and Mrs. de 011oqui to attend a Black Tie Dinner Party at 6:00 p.m. on Thursday, September 30, at the Embassy, 2829 16th St., N.W. (to honor the Secretary of Treasury of that evening Mexico Hugo Margain) - and also at 8:30 p.m./to aktRxx be their guests at the Kennedy Center for a performance by Hendrik Szeryng, Violinist with the Mexico City Chamber Orchestra. Your calendar presently is clear -- except tim for the 8:00 p.m. event listed on the schedule of social events for the Bank/Fund meetings sponsored by the McNamara's and Schweitzer's for the American Theater Ballet Performance at the Kennedy Center "for Governors and wives" and which will be"by invitation only." Do you wish to ACCEPT REGRET the invitation by tiuR Ambassador and Mrs. de 011oqui? (Mr. Cardenas - 9-234-8636) 12:00M - Gov. Brimmer called and would like you to call him, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 147 - 213 • Messages for Mr. Volcker - 4 - September 8, 1971 2:25 PM - Mr. Roosa called you and would like very much to speak to you on the phone sometime this afternoon. he will be in his office until about 5:00. His secy. believes NYC - 483-1818 2:30 PM - Bob Best of the Senate Finance Committee called. He said the Committee was planning a hearing next week on the international aspects of the President's program. He said they had planned on the Secretary to testify -- and giace he was going to be away, asked whether you were going to be available. I suggested that he clear this through our Congressional Relations Office for someone in the international area since you might not be available. Mr. Best was going to talk with Mr. Smith. 3:15 PM - Peter Towe, Economic Minister at the Canadian Embassy called, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. (332-1011). _ 5 - Messages for Mr. Volcker 5:00 PM - Marty Miller called. Wednesday, Sept. 8, 1971 He would like to talk with you (on the phone) very briefly about the U. S. Industrial Payroll Committee Chairman for 1972. He can be reached at his home - phone: - any time from now through the evening, whenybb might be EFIHNigH free to talk with him. 5:05 PM - Mr. Cardenas of the Mexican Embassy called again. He said that because of the confusion which could result from the Ambassador scheduling his dinner the same evening as that which the McNamarais and Schweitzer's were having their American Theater Ballet Performance for the Governors and wives of the Bank/Fund Meetings at the Kennedy Arts Center, the Ambassador was instead going to have a luncheon for the Mexican Secretary of the Treasury Hugo Margain to which you and Mrs. Volcker are invited. This will be at 1:00 p.m. at the Embassy, 2829 - 16th St.,N.W., on Thursday, September 30. 41•1, OM* He said this included also the invitation st to the concert at 8:30 pm by the Mexican violinist Hendrik Szeryng/at the Kennedy Center as the Ambassador's guests. On your calendar, September 30 is the final day of four of luncheons shosted by Hans Widenmann at the Shoreham. Do you wish to accept the luncheon invitation? YES NO and/or - the Ambassador's invitation to you and Mrs. Volcker to be his guests at the concern at 8:30 p.m. Mr.Cardenia (9qA_Rgggl http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the evening of Sept. 30? YES NO Messages for Mr. Volcker - 6 - Wednesday, Sept. 8, 1971 6:30 PM - Bill Pannill called with the message that Congressman Jack http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Brooks (D-Texas), will call you for an appointment to discuss Eurodollars and multinational corporations. Congressman Brooks is writing a report for the NATO Parliamentary Conference on Economic Matters which will meet on September 23rd in Ottawa. The Congressman wanted the Secretary's recommendations on who the best man was in the Department, and Mr. Panill said he could think of noone better than you. Mr. Panill mentioned the fact, to that Mrc Brooks wanted to see you before this weekend. %.• 1041.94141a-y, Sept. 1971 Messagesfor Mr. Volcker - 1 - 9:10 AM - Dr. Wallich called, He will be in Treasury for the day (will be leaving at 5:00 pcmc to return to New Haven this evening. He asked for 20 minutes with you. I gave him 12:00 noon (he knows you are attending a meeting outside of the building and also that you have just returned from Europe); and told him and that it possibly may be early afternoon instead of noon/ would be in touch with him. Is it all right to have Dr. Wallich come NO YES in at noon? 9:15 AM - Govt Daane called. (5881) He(47alld like to talk with you when you iame a free moment. for Mr. Dale 9:30 AM - Rom Mr. Dale's secretary called/to say that Mr. Schweitzer is anxious to see you sometime today and will be free any time today. 9:35 AM - Chairman Burns' secretary called to invite you to the Fed lunch tomorrow (Wed.), attend. Chairman Burns will host if you are free to Of the Financing Group, Messrs. Adams, Cook and Mr, Auten will be free to attend. and tomorrow. Mr. Snyder is on leave today Your calendar is clear; except for the possibility of your accompanying the Secy0 to the W&M Cmte0 where he will testify at 10:00 a.m. on the Administrations' new economic proposals. : \ i http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Is it all right to accept the Chairman's invitation NO in Blue Room at Fed Board. PER GAIL: Special Luncheon whomever from Treasury he wishes attending: Mr. Volcker (and Coombs, Bob Hollane to bring), Chairman Burns, Gov. Daane, Mr. Katherine. and Bob Solomon. -- Confirmed by to the Fed luncheon? YES Messages for Mr. Volcker - 2 - September 7, 1971 10:10 AM - Messrs. Willis and S. Cross need guidance from you on what to do about the Widman-McCamey paper and preparations for the G-10 Ministerial meeting. They say they keep hearing the Secy. wants to leave for Europe on Saturday, rather than next Tuesday. 10:35 AM - Leonard Dixon stopped by and said the Secy. is at least tentatively planning on leaving for London at noon this coming Saturday. Mr. Dixon talked to Mr. Pannill and thinks they will come out with a memo saying that the wives of staff may not go on the plane. However, if you would like to take Mrs. Volcker, and will let Mr. Dixon know, an exception can be made in her case. He also said Secy. is planning on returning on Sat., Sept. 18, instead of Fri., the 17th. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Schweitzer will be expecting you at 2:30 today and Mr. Dale will meet you at that time=in Mr. Schweitzer's office. Messages for Mr. Volcker September 7, 1971 - 3 - 11:35 AM - Bart Rowen called and would like to see you sometime this week, the earlier the better. 223-6000, Ext. 610 12:05 PM - Mr. Hughes, in Personaell in OASIA, called and asked to see you about the memorandum for the Secy. and copies of the McKinsey & Co. study you have re this. MD MO he wants to answer any questions I told him you hadn't had time to look at it yet but would as soon as you had time. He insisted that he see you. 12:15 PM - Mr. Cates called & said there is a meeting of the 2 Senior http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Review Group on Japan scheduled for 4:00 this afternoon in the Situation Rm. and they want the representative of each Cabinet member to present a 5 minute precis of what his Cabinet officer will say at the mtg. with the Japanese. Mr. McGinnis had heard about this and is waiting to see Dr. Walker about it. Mr. Cates is preparing a draft precis which I assume he will get down to you ASAP. If you think you should go to this meeting, perhaps I should reschedule the .taiss, who are now coming in at 4:00. Messages for Mr. Volcker - 4 - September 7, 1971 1:10 PM - Lee Cohn called and would like to speak with you on the phone. 484-4280 3:00 PM m Mr.Nelson called. He would like to either talk with you on the phone or come in to see you (before the 4:00 p.m. White House meeting if possible) on the settlement of the Belgian swap. 4:50 PM - NOTE: (2884) in to talk At this point, Mr. Nelson would rather come with you about the Belgian swap. 4:50 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that you be given the - Chairman Wille, FDIC, called and asked insurance from message that the FDIC has two applications for Bank and Sanwa two Japanese banks in California (Mitshubichi Bank). ries for These are just setting up California subsidia which they are trying to get FDIC insurance. question: Chairman Wille's "Does it matter, in the big picture of your dis- acts quickly Missions milk with the Japanese, whether the FDIC would approve to grant these banks the insurance (normally it up?" these right away) -- or hold these applications p.m. and Mr. Wille was going to leave his office at 5:00 suggested that his call be returned tomorrow morning. (389-4201) Messages for Mr. Volcker - 5 - 5:30 PM - Frank Saul called from New York. Tuesday, Sept. 7, 1971 He asked that hisccall be returned in the morning when convenient. (A.C.212- 943-3300) 6:25 PM - Mr. Petty called. He would like to stop in to see you when you are free. (2522) 6:30 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Willis called. on the phone He wanted to talk with you/about aRyiRg anything new you might have on the Secretary's plans. (He has a dinner engagement WitiXR and expects to leave some- time between 6:45 p.m. and 7:00 p.m.) Messages for Mr. Volcker - 1 - September 2 - 3, 1971 Thursday, September 2 3:20 PM - Gene Knorr called, having just received the note I had circulated letting people know that you were to testify on Sept. 21 before the Foreign Economic Policy Subcmte. of the House Foreign Affairs Cmte. on intl. aspects of the President's new Economic Program, and was quite upset that they had not been consulted before you responded to the request. Mr. Knorr said they had some kind of an agreement that no one would testify, but he guessed it was too late now. I told him they had asked you to testify on a date when you couldn't and then they came back with another date and you didn't see how you could say no. saidhe 10:00 AM - Mr. Schweitzer called to wish you a good trip and he/would be happy to see you, when convenient , on your return (sometime during the week of Sept. 7), 11:08 AM - The secretary to Mr.Olivier Exchaquet, Charge d'Affairs, and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Auguste Geiser, Counselor, Economic Affairs, at the Swiss Embassey, called about the possibility of your seeing them sometime tomorrow afternoon about the Swiss position President's message of August 15. on the I told her that since you were away, we would be touch with her on your return on Tuesday. Is it all right to arrange an appointment? ( Ls cr; A)7 OTHER (Anita --W-462-1811) YES N NO Messages for Mr. Volcker NOTE: - 2 September 2 - 3, 1971 I told Jerry Newman about the Swiss request; he talked to to Mr. Geiser and said they want to make a demarche with respect to the Economic Program,etc. -- they are also going to make a demarche on State and STR need to see them. therefore, you'll I've tentatively given them 4:00 PM on Tuesday, Sept. 7, subject to change if you get jammed up. 4:30 PM - Miss Stone at the Conference Board called to ask for an appointment for Michael Levy to see you in Washington when hex is here on Monday, Sept. 13th -- he wants to talk about the President's new Economic Program. I told Miss Stone that was a bad day (you have OPIC Board) but suggested Mr, Levy check in with us when he gets to Washington Monday morning. 4:45 PM - Dr. Isaiah Frank's secretary called to say he was sending http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the details on the panel discussion for October 14th, which he had spoken to you about and which you had agreed to do, if here,(otherwise to send someone from Treasury); she also requested your bio - and this is being sent today. September 2 - 3, 1971 - 3 - Messages for Mr. Volcker Friday, September 3 office called and said 12:40 PM - Mike Johnson in Mr. Peterson's are invited and Mr. Peterson wanted you to know that you al CIEP mtg. welcome to accompany the Secy. to the form in the Cabinet next Tuesday, Sept. 7, from 8:30 to 9:30 Rm. The President will be present. He said the first principals only meeting of the CIEP had been limited to you should be but it was now felt that Nat Samuels and invited to participate. Mr. Johnson said he was making up your name on it; a list of attendees and would like to put you would want I suggested he not do it because I felt sure undertaking to to touch base with Secy. Connally before accompany him. Mr. Johnson then said the list would be d see it for clearance purposes only and no one woul said I thought that would be all right. 4:40 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On caL nd an inviThe Social Office at the White House called to exte Mrs.Volcker tation for the President and Mrs. Nixon to you and on to attend a black tie dinner being given at 8:00 p.m. honoring White House x the Friday, September 10th, in the/State Dining Room,/fo U.S,-Japan Joint Cabinet (enter Japanese Cabinet here for the/it meetings next week through SQ[Al gate). (An invitation has been put in the mail, and the but the telephone call was made because of the holiday possible delay in the written invitation reaching you.) Is it all right to accept? YES NO (456-2511) Messages for Mr. Volcker - 1 - September 2 - 3, 1971 Thursday, September 2 3:20 PM - Gene Knorr called, having just received the note I had circulated letting people know that you were to testify on Sept. 21 before the Foreign Economic Policy Subcmte. of the House Foreign Affairs Cmte. on intl. aspects of the President's new Economic Program, and was quite upset that they had not been consulted before you responded to the request. Mr. Kncrr said they had some kind of an agreement that no one would testify, but he guessed it was too late now. I told him they had asked you to testify on a date when you couldn't and then they came back with another date and you didn't see how you could say no. saidhe 10:00 AM - Mr. Schweitzer called to wish you a good trip and he/would be happy to see you, when convenient , on your return (sometime during the week of Sept. 7). 11:08 AM - The secretary to Mr.Olivier Exchaquet, Charge d'Affairs, and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Auguste Geiser, Counselor, Economic Affairs, at the Swiss Embaste called about the possibility of your seeing them sometime tomorrow afternoon about the Swiss position President's message of August 15. on the I told her that since you were away, we would be touch with her on your return on Tuesday. Is it all right to arrange an appointment? OTHER (Anita - 10R-462-1811) YES NO ) Messages for Mk. Volcker NOTE: September 2 - 3, 1971 - 2 - I told Jerry Newman about the Swiss request; he talked to to Mr. Geiser and said they want to make a demarche with respect to the Economic Program,etc. to make a demarche on State and STR need to see them. an 4/n •Mo /Me they are also going therefore, you'll I've tentatively given them 4:00 PM on Tuesday, Sept. 7. subject to change if you get jammed up. 4:30 PM - Miss Stone at the Conference Boasd called to ask for an appointment for Michael Levy to see you in Washington when hex is here on Monday, Sept. 13th -- he wants to talk about the President's new Economic Program. I told Miss Stone that was a bad day (you have OPIC Board) but suggested Mr. Levy check in with us when he gets to Washington Monday morning. d to say he was sending 4:45 PM - Dr. Isaiah Frank's secretary calle http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 14th, which the details on the panel discussion for October agreed to do, he had spoken to you about and which you had ury); she also if here (otherwise to send someone from Treas requested your bio - and this is being sent today. • Messages for Mr. Volcker - 3 September 2 - 3, 197i Friday, September 3 12:40 PM - Mike Johnson in Mr. Peterson's office called and said Mr. Peterson wanted you to know that you are invited and welcome to accompany the Secy. to the formal CIEP mtg. next Tuesday, Sept. 7, from 8:30 to 9:30 in the Cabinet Rm. The President will be present. He said the first meeting of the CIEP had been limited to principals only but it was now felt that Nat Samuels and you should be invited to participate. Mr. Johnson said he was making up a list of attendees and would like to put your name on it; I suggested he not do it because I felt sure you would want to touch base with Secy. Connally before undertaking to accompany him. Mr. Johnson then said the list would be for clearance purposes only and no one would see it said I thought that would be all right. 4:40 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis MID OM On cal. The Social Office at the White House called to extend an invitation for the President and Mrs. Nixon to you and Mrs.Volcker to attend a black tie dinner being given at 8:00 p.m. on White House honoring Friday, September 10th, in the/State Dining Room,/fax the U.S.-Japan Joint Cabinet Japanese Cabinet here for the/toiRt meetings next week (enter through S.W. gate). (An invitation has been put in the mail, but the telephone call was made because of the holiday and the possible delay in the written invitation reaching you.) Is it all right to accept? YES NO (456-2511) Messages for Mr. Volcker - 1 - Wednesday, Sept. 1, 1971 8:45 AM - Mr. Petty called from the airport in New York. He asked about your flight plans to New York this evening with the thou• ght of •me ting you for dinner at the New York airport. I told him your schedule was uncertain as of now. He planned on leaving the airport for Long Island right after the call to spend some time with his son and will call again in about an hour or an hour and ten minutes from the trout farm. His thought •was that if you for New •left Washington g, he would come in on an early York very late this evenin• fli• ght to see you. (He also left the phone in L. I. where he can be reached on arrival in about an hour: A.C. 516- JU-1-1158). 9:10 alled concerning a memo he had prepared yesterday AM --rnsisiiU here in Treasury suggesting a press conference/before you leave - and hoped to see you sometime this morning. 9:15 AM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Dick Long of the French desk at State called to inquire about the confirmation of Amb Watson's appointment with you at 2:30 pm this afternoon.(101-22453) NOTE: Charles Tanguy, Country Director for France and Benelux will accompany the Ambassador; Mr. Cates plans on sitting in; Mr. Rendall said he would like to sit in if Mr, Tanguy does come in since he deals with him all the time. Messages for Mr. Volcker - 2 - September 1, 1971 12:45 PM - Senator Javitts' office called and said he would like to speak to you sometime between now and 3:30 this afte rnoon, or, if he could not reach you, he would want to talk to Dr. Walker. He will be in his NY office until 3:30 -- Plaza 9-5400. 11:00 AM - Chuck Levy of the Foreign Economic Poli cy Subcommittee of the House Foreign Affairs Committee, called. He said he had spoken to you previously about testifying on Oct. 14th on the international implications of the President's new economic policy and you had told him there was the possibility that you might be in London. He said the Chairman, Congressman John Culver (D)-Iowa, is anxi ous to have you appear and consequently the date for the hearing is being shifted and Mr. Levy asked whether you woul d be available to testify at 2:00 p.m. on Tuesday, Septembe r 21st. He to realizes that this is getting close/the Bank /Fund meetings, but hopes you can slip this in. AGREES ( - 53/ DISAGREE *equest then to come from the Chairman through Secy. and Congressional Relations? 12:50 PM - Joe Slevin called about seeing you sometime early Tuesday or http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis late Wednesday afternoon (Sept.7-8) to talk about the international economic policy. Tuesday morning again. YES I suggested that he might call in Do you wish to see Mr. Slevin? NO Messages for Mr. Volcker NOTE: - 3 - September 1, 1971 Mr, Cross said it looks as though Schiller will be arriving in Rome on Saturday and it is likely there will be a dinner for him Saturday night. Therefore, your meeting with Ferrari- Aggradi and Carli will be about 8:30 Sunday morning, to last as long as you wish or until you have to leave to catch your plane at 12:30. 1:15 PM - Mr. Willis says unless you think otherwise he will plan to take the 8:20 PM plane to NY this evening. 1:20 PM - Postmaster General Hargrove called and would Jai like you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to call him. 177 - 8228 • Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Tuesday, August 31, 1971 1 Mr. Russ Johnson of the Deposit Guaranty National Bank in Jackson, Miss. called late Monday afternoon s mentioned the fact that he was on the Government Borrowing Committee and knew you personally and that the call was more of a personal nature. He said his call concerned their Economic Symposium which is held in January of each year and is composed of a group between 700 and 1,000 of the top business people. This is an all-day symposium of the highlights on the international and domestic scene for the year ahead, and they always have a national figure to kick off the symposium. Mr. Johnson said he would like to haie you be the kick-off speaker at the Symposium which wkill will be held on January 12, 1972 (Wednesday). He said Mississipi is thought of sometimes as being outside the framework of the U. S. -- and he would like to have somebody who can bring them (the Mississipians) in and he thinks you can do this, and bring the Mississippi area some prestige. He brought out the fact that the Symposium Committee voted for you as the first choice, He pointed out that the Delta Airlines has a through flight at 9:00 porn. into Jackson, Miss; that you would speak at 9:30 aem. the following morning and could be back in Washington the afternoon ofthat day, I told him I would pass the details on to you and give him your answer, Your calendar presently is clear, Do you wish to talk with Mr. Johnson? Give him a tentative acceptance subject to priorities? (cont'd/2) Tuesday, August 31, 1971 - 2 - Messages for Mr, Volcker - (Russ Johnson - Deposit Guaranty National Bank, Jackson,Miss.) Refer to Mr, Adams? Regret? OTHER (Mr. Johnson - A.C.601-354-8066) 9:30 AM - Mr. Rendall called to say that Mr. Cates would like to attend your meeting with Ambassador Watson at 9:30 a.m0 tomorrow morning (Wednesday-Sept. 1) Is this all right? YES NO (Mr. Rendall - 5222) minutes about the 9:40 AM - Mr. Weber would like to see you for a few Paris trip. (2615) 9:35 AM - Mr, Polak's secy called to say that luncheon will be served in the dining room of the IMF building iniParis for the convenience of the Deputies who will be meeting there this Friday 9:45 AM - MxxxSolagaixmomigxiikmxkiomilmilak http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Joel Segall would like to speak to you on the phone. This may relate to my request to Mr. Auten for updated domestic info, for your trip; Mr. Auten said, with respect to revenue and expenditure projections, and GNP estimates, he would ask Mr. Segall to update earlier material or speak to you on the phone, 2563 Messages for Mr. Volcker - 3 - August 31, 1971 10:40 AM - Mr. Adams called and would like to speak to you on the phone if yolk get free soon -- just wants to tell you something about the marketg. 10:55 AM - Mr. Rendall called. He said Ambassador Watson's arrival now time/is 11:30 a.m. into Dulles. (The Ambassador is traveling in his private plane.) Mr. Rendall said Sam Cross thought it would be useful to try to fit the Ambassador in early aftenoon if possible and he thought he could be in your office by 2:30 pm i Your calendar is clear of appointments then - except for the probability of the 1:00 p.m. lunch at the Fed Board (Wednesday luncheon). tell Is it all right to/Mr. Rendall you will see Amb. Watson at 2:30 p.m. on Wednesdaybtimixasxsponxamximmtktmxiatimm YES NO 11:00 AM - Rk Former Assistant Secretary of Treasury Chas. S. Dewey (under http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Secretary Mellon), and Adjutant General for the Marshall Plan (he has Ralso worked with the House Ways & Means Committee) called.andxagkedxtkatt He said he was in the Treasury Dept. during the funding of the debts of the 1st World War (France, England and Italy) when their promises to pay,in gold, dollars amounting with interest to about $15 billion defaulted in 1932 and 1933 and we are still holding the signatures of the French, Italian and English governments. He said he was sick about (coned/4) 0 Messages for Mr. Volcker hea - 4 - Tuesday, August 31, 1971 hearing of the French, Italians and other countries taking a crack at the U. S. gold supply and dollar. Mr. Dewey thought it should be brought out now that some of the friends who needed the U.S. when they were being invaded during the 1st and 2nd World Wars were aided by the U.S. Now our finances are in difficulty and these countries take adgantage of the U. S. He thinks this should be brought to the attentaion of the American public. (Mr. Dewey resides in Washington; and mentioned in conclusion that he was a black Republican called that by the New Dealers.) ••• He called because he felt that so many years have now passed, this all may have passed into memory. He left his phone number - 966-6262. 12:25 PM - Ezra Solomon of CEA called. He asked that his call be returned (103-5046) 12:30 PM - Mr. Samuels' office called to say that he talked with Amb. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Gilbert and Mr. Propps, of STR, will gB head the U. S. delegation on the Working Party for GATT and Joe Malaney, of STR, will accompany him. From State will be John C. Leary, Deputy Director of ickil Intl. Trade,Bureau of Econ. Affairs, State. Mr. Samuels would like f to find out the names of the Treasury participants as soon as possi ble, as Mr. Propps wants to hold a meeting as soon as he can. Messages for Mr. Volcker _ 5 August 31,1971 12:25 PM - Mr. Pelikan would like to see you. 12:30 PM - Mr. Cole asked if you had acted on the memo he sent on "outward foreign direct investment." He wonders if they should go ahead or not. 2:45 PM = Mr. Petty's secy called and said Mr. Petty wants to be sure and have a couple of hours overlap with you before you leave. He is due into JFK tomorrow morning at 8:00 AM and, if you were going to be leaving any time during the day on Wednesday, Mr, Petty would come down to Washington to see you on Wed. But if you are going to spend tomorrow night at the JFK airport hotel, Mr. Petty could have dinner with you there. Mr. Petty's secy. said Mr. Petty would call her in the morning to find out what your plans are and what he should do. 3:00 PM - Mr, Adams asked about your cal. in morning; he is gdhg to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis have Warren Glick and John Clark of Eximbank over at 9:15 to discuss competitive bidding on their upcoming issue and hopes you can join them in planning some strategy. I suggested Mr. Adams have them come to his office and you can join them there, • Messages for Mr. Volcker - 6 - August 31, 1971 4:30 PM - Mrs. Guite, in the office of Belgian Ambassador Loridan, called to extend the Ambassador's invitation to you to attend a black tie, stag dinner he is giving at 8:00 PM on Sunday, Sept. 26, for Belgian Finance Minister Snoy. Shall we hold this for a bit? (333-6900) YES NO 4:45 PM - Mr. Rossides called and said to tell you he just talked to the Secy; he approves the three categories on the additional exemption surcharge and Mr. Rossides is getting up the papers now. 5:30 PM - Mr. Sokol called and said to tell you the results of today's http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis auction of 5-year notes: we are taking $1,250,841 out of $3,374 million. The average price was 101.4 and the average rate was 5.984. The ranges on the rates were 5.916 and 6.015. Messages for Mr. Volcker Tuesday, August 31, 1971 7 ation to lunch at 5:30 PM - Chairman Burns' office has extended the invit the Board tomorrow (Wednesday, Sept. 1), and Gov. Robertson will host. Auten can attend. Chairman Burns is away Messrs, Adams, Snyder, Cook and Is it all right to accept for you? NO YES (Connie - 147-201) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Watson Mr. Rendall has called several times concesming Ambe instead of 9:30(Wednesday) of the coming in to talk with you at 2:30 p.m./tomorrow/because change in his arrival time, Dick Long, the officer at the French ge the Desk at State was anxious to know so that he might arran Ambassador's other appointments, A Messages for Mr. Volcker NOTE: - 1 Monday, August 30, 1971 - The Secretary's Dining Room will be closed all week (August 30Sept0 3)c The cook is on vacation. CAL„ noted. ing with the Japanese 11:30 AM - Mr. Carl Gerstacker, who was at the meet http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis er in Honolulu, called and said he had seen you at a dinn to you I guess before the program was announced and talked about removing the OFDI controls on export of capital. rictions He said presently he thinks we should remove all rest on capital outflows immediately for these reasons: In his , and the other Americans' discussions with the Japanese the yen they pointed out that they did not want to up-value they until they had removed all their controls, because really could not really know what the true value of the yen was when the controls were on. Mr. Gerstacker believes the rols same is true in our situation with OFDI--we have cont so the true value of the dollar is affected by this He said "A while back we were trying to shore up the as weak dollar; now I think we would like to get the dollar d as we can get it because we want the exchange rates fixe , that as favorably as possible; if we remove the controls will make the dollar weak. The time to do it is right d now; if we do it now we won't have that Damocles swor hanging over our head. In the past, it was estimated that 1 Messages for Mr Volcker - 2 - August 30, 1971 $2 billion might flow out in the first few months if we took off the controls. If we took them off now, that would make the dollar a little weaker. If we keep them on, ultimately we will have to take them off." He said he just wanted you to have his views on this. 2:10 PM - Robert Dhom, a member of the Board of Managenent of the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Commerce Bank in Frankfurt, who was to call in to talk with you at 24% 2:45 pm this afternoon, has not arrived and will instead call you between 10:00 a.m. and 11:00 a.m. on Wednesday, Oscar(?) Sept. 1. (Per Mrdrastux Mueller of the Commerce Bank in N.Y.) (Cal. Noted) • • Messages for Mr. Volcker _ 3 _ Monday, August 30, 1971 4:30 PM - Mr. Reynolds called to say that he had gotten a call from the French desk at State, informing him that Ambassador Watson will be in Washington on Wednesday, Thursday and Friday of this week -- and the State Department thinks it would be particularly helpful if you gave him a few minutes (about what to say to the French and for more information about the whole monetary program. Ambassador Watson can come in any time after 9:00 a.m. on Wednesday morning / Shall we tell Mr. Rendall that you will agree to seeing the to '(' _ l Ambassador for a Ffew minutes about-93O -7 k. -. - *imaxkilmHxmotkm Your calendar is clear at that ti YES NO OTHER Mr. Rendall - 5222. 7:00 PM - Mro Pelikan called to say that the material on the trade http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis practices was being typed -- and that you would have it the first thing in the morning, \ Messages for Mr. Volcker 1 August 27, 1971 9:30 AM - Mr. Okun called & would like you to call him. 483-8919, Ext. 260-1. 9:45 AM - Mr. Adams would like a word on the phone. 10:00 AM - Mr. Wanniski, at the National Observer, called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the press corp has been reporting that the U. S. "reportedly" has been urging a 12 - 15 percent revaluation and he would like to talk to someone about this. 622-2900 L__ http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • August 27, 1971 MESSAGE FOR MR. VOLCKER Mr. Crocker, desk officer for Great Britain at USIA, called and said they have a request from their post in London. BBC has a program called Analysis and they want to do a 45 minute show on the monetary situation for broadcast on Sept. 24 with Schweitzer, Barber, Schiller, and they would like to get you to participate and the questions would be how you see international monetary developments since August 15 and what measures the U. S. would like the IMF to take for over-all monetary reform. Your part of the program would be taped in D. C. and this could be done any time during the Weed of Sept. 20 or before. He wasn't sure but assumes that each of the other participants would likewise pre-tape their parts of the program. Mx. Crocker's phone is 632-4147. MA - 1 - Messages for Mr. Volcker August 26, 1971 8:55 AM - Mr. Petty would like you to call X-2522 in his office. 9:00 AM - Mr. Adams did not take leave today, he is him. 9:30 AM - Bob Bethke called & would like you to call PENDING FROM YESTERDAY: NYC 943-4400 Gabriel Hauge - NYC 350-4065 him 9:40 AM - Penn James called and would like you to call 9:50 AM - Henry Kearns called & would like a call. 145-2785 128 - 21131 at 8:45 in 4426 9:55 AM - There will be staff meeting tomorrow morning 10:00 AM - The Secretary's dining room will be closed today NOTE: Mr. Auten talked to Mr. Okun, who said he would write up the substance of his remarks at the Consultants meeting and try to give more complete answers to the questions that were raised. He will do this over the weekend and get to us Monday. 10:30 AM - Charles Levy, of the House Foreign Affairs Cmte., called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis .and said the Foreign Economic Policy Subcmte. of that Cmte. will hold hearings on the intl. aspects of the President's new Economic Program on Tuesday, Sept. 14, and Thursday, Sept. 16, and Congressman Culver, who is Chrm, of the Subcmte., would like you to appear as a witness on the afternoon of Tuesday, Sept. 14th, probably at 1:30 or 2:00 PM. CONFLICTS: The G-10 Ministerial mtg. is scheduled in London starting in the afternoon of Sept. 15 thru. the 16th. Also, you had given the Intl. Economists Club of NY the dates of s0, Sept. id 14 and Thurs., Sept. 16 as dates when you would, if you could, speak at one of Messages for Mr. Volcker August 26, 1971 - 2 - their luncheon meetings. Should we tell them that doesn't seem possible and maybe postpone to a later month* c-S 317) indefinitely? 10:40 AM - Mr. McGinnis called me and I haven't returned his call. He is undoubtedly calling to find out who is going to the mtg. on Japan in San Clemente. 2536 10:45 AM - Mr. Cates called and would like to speak to you -- probably also about who is going to San Clemente. OK to say Mr. Petty will go? 8243 Or wait until you talk to Dr. Walker? 11:15 AM - Mr. Trezise called a 101 - 20396 NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Weber needs to see you. eeds urgently to speak to you. - 3 - Messages for Mr. Volcker August 26, 1971 you rather urgently. 3:15 PM - Mr. Hirschtritt needs to see 2803 say the Bnai Brith is 3:20 PM - Maurice Mann's secy called to on in NYC sponsoring a testimonial dinner for Bill Sim and wondered if on Sept. 15th; Mr. Mann has four tickets him and Mrs. you and Mrs. Volcker might be able to join Mann at that dinner. on the 15th for I explained you would be in London the meeting of the Ministers of the ion and regrets. Group of Ten and expressed your appreciat Mr. Cancelliere I also asked her to tell Mr. Mannm that Fund meetings would be invited tm as a guest to the Bankn invited and said you had done your best to get Mr. Man blems with too but found it would create too many pro others banks for the Bank-Fund management said you and he had a tentative 4:50 PM - Fred Deming, Sro, called and ning and he wondered arrangement to meet for a drink this eve how you were fixed, He said he would call back around 6:00 o'clock NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Relations said they Mr. Nagorski at the Council on Foreign speaker and he asked presently have Oct. 19 and 20 open for a e days until after the if we could put a tenative hold on thos do on tither of Bank-Fund meetings and then, if you can't those days, we'll work out something else. Messages for Mr. Volcker MOTE: August 26, 1971 - 4 - Mr. Wade says Mr. Blount is going to Eastern Europe tomorrow to Hungary and Roumania for a ten day trip for working postal meetings with Govt. officials -- and asked for some material on the new Economic 'Program so he wouldn't be ignorant. Mr, Wade proposes giving him the President's speech, Secy. Connally's press conference, your press conference that you held in Europe, but he wondered if you could think of anything else that should be sent to Blount. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Auten said Chuck Partee at the Fed called and wants the gs -- morning and afternoon -notes on the Consultants meetin• to send to ChrirL Burns. Mr. Auten said, sure, we would be glad to cooperate and make summaries available to him but he would have to check them with you. Mr. Auten said he and Frechtling were proceeding with due speed and were planning to do two to three page summaries of the morning and afternoon sessions and will try to get those down to you as soon as possible tomorrow for clearance and approval to send to the Fed, Mr. Auten understands the Secy. told Mr. Frechtling and Mr. Pannill that he wanted detailed notes -- the latter two took detailed notes of the morning session and Mr, Auten took detailed n5tes 5f the afternoon session Messages for Mr. Volcker - 1 - August 25, 1971 11:00 AM - Gabriel Hauge called and would like you to call him when you can. I told his secy. you would be tied up in meetings until possibly 4:15 or 4:30. NYC 350-4065 12:05 PM - Chairman Burns called and is very anxious to talk to you just as soon as pos4ib1e -- before lunch. 147 - 201 12:15 PM - Bob Bethke called and would like to talk to you about the markets. NOTE: NYC 943-4400 Jerry Newman said Mr. Reisman and Jack Warren (the Canadian Depy. Min. from the trade side) are coming to Washington on Thurs,, Aug. 26, for discussions along the lines you and Mr. Towe talked about and he thought Mr. Petty would probably lead the discussions but youmx might want to join the group briefly, so he wanted to know the state of your cal. I told him it was relatively clear at the momnent but hard to predict. He is going to schedule the mtgs. from 2:00 to 4:00 on Thurs. on cal. 12:45 PM - Phil Trezise would like you to call him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 101 - 20396 Messages for Mr. Volcker NOTE: - 2 - August 25, 1971 town and is very anxious Robert Kleimann, of the NY Times, is in to see you sometime tomorrow morning. of times. He has called a number him at the He said we could either leave word for ying here or through Fairfax Hotel - 293-2100 - where he's sta 556-7408. Mr. Mosine at the NY Times NY Office, NYC He wants whole situation. to talk on a background basis about the gton Post, called and would like 5:20 PM - Murray Marder, of the Washin U. S. is going to use to talk to you about whether or not the increasing the the stonlaxx surcharge in negotiations for burdensharing of the cost of U. S. troops. He said he has artments and in the talked to a number of people in other dep he wants to find Treasury and gets conflicting stories and ry is concerned. what are the facts, so far as the Treasu 223-6000, Ext. 482 some notes he had left in 5:25 PM - Mr. Roosa called from NY re while here, and said Prof. Wallich's office, which he used e and there is a bad to tell you he read the Star on the plan Mr. Roosa had with story by Lee Cohn based on conversation of date, and Mr. Roosa Cohn several days ago which is now out wanted you to know he is sorry. office called re the problem 's ski row czo Wei Mr. in d Wee Mr. PM 5:59 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ited to the Bank-Fund of getting Maury Mann and his boss inv mtgs. this just before I had talked to Mr. Weiczorowski about Messages for Mr. Volcker - 3 - August 25, 1971 he left on vacation and he said he would have his asst., Mr. Weed, follow thru and be back to me. Mr. Weed said he had talked to the Bank's Secretary, Mr. Mendall, who said they have a real problem with this because the bank is not in axaatmgmx* the category of banks which necessarily for one rate an invitation/all guest and certainly are not in the category of banks which rate two guests. They would be perfectly willing to send to the Chairman of the Bank an invitation inviting him or his representative, which would take care of one of them. Another possibility is that Mr. Mann could be named a member of the U. S. delegation, which is perfectly within your realm of influence, which would take care of both of them. Is this satisfactory? 6:20 PM - Mr. Auten wonders if you want the notes he took of the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis meetings today put on paper. He assumes you wouldn't want anything voluminous -- maybe just a few pages summarizing the discussions while still retaining what appears to be the important substance. Also, evidently Mr. Okun had done his homework and had some prepared papers he spoke from, Mr. Auten wondered if you would think it appropriate for him to call and ask Okun to send us his prepared material. Messages for Mr. Volcker - 1 - August 24, 1971 call him. 10:15 AM - Mr. Dale called and would like you to (I called and back at 10:30 to try to find out how urgent it was didn't his secy. said he had gone into a meeting and she know how long it wild last.) 10:55 AM - Mr. Adams would like to see you when you return. to you 11:00 AM - Mr. McGinnis called and said he would like to talk http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis briefly on the phone about a meeting of the NSC Senior Review Group that is scheduled for 10:00 AM this coming Friday in San Clemente on NSSM 122, on Japan. Mr. McGinnis talked to Dr. Walker this morning by phone about this and he said if you can't make the meeting, he, Walker, would attend, so there is a backstop. I asked what was the status of the paper and Mr. McGinnis said he was not sure there was going to be a paper to discuss but that Mr. Peterson is trying to draft one, hopes to have it completed by tonight and distributed around for everyone to look at. Shortly after this Charles Meissner called me with the same . intelligence and w said he would alert Messrs. Petty and Cates Because I have been in touch with Mr. Meissner asking him to kepp us informed of the schedule and arrangements for the mtg. of U.S.-Japan Cabinet Cmte. on Thurs. & Fri., Sept. 9 and 10, Mr. Meissner told me that he had just received a memo from Mr. Petty designating himself as Senior Advisor for these mtgs., which pretty well leaves you out. Has Mr. Petty discussed with you? Messages for Mr. Volcker - 2 - August 23, 1971 1:10 PM - Mr. Berek Mitchell's secy called and asked when he might see you this afternoon to deliver a message. I suggested 4:30. 2:20 PM - Gov. Daane called & said the FOMC broke briefly for half hour lunch and are reconvening and probably won't break until 5:00 or 5:30. tle needs to see you after the meeting is over and tell you about the action that the FOMC took on the Swiss swap; he will call us when the meeting breaks. 2:40 PM - Mr. Adams stopppd by & asked if he might see you at 3:00. I told him we'd have to call when you returned from the mtg. with the Secy. 2:55 FM - Mr. Palamenghi-Crispi (181-3301) called and would like http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you to return his call. 1 - Messages for Mr. Volcker August 23, 1971 lunch in 9:30 AM - Mr. Betts' office called to ask if you'd like to Secy's Dining Rm. today, Cal. clear, YES NO 9:45 AM - I checked with Mr. Dale's office and was told that Mr. Ossola was seeing Schweitzer and would be over to see you at 11:00 AM. Do you wish Mr. Willis or anyone to sit in? Mr. Willis Other No one 9:50 AM - Mr. Rossides called and said, in talking with Dr. Walker after the meeting broke up this morning, Dr. Walker told Mr. Rossides not to forget to remind you to call the Vice President right away. Mr. Rossides said he thought it was about the Vice President's interview yesterday but, if you have any question, please call Mr. Rossides. you 10:20 AM - Acting Secy. of State Johnson called and would like to call him just as soon as you return to your office. 101 - 22471 ding 10:22 AM - Gov. Daane's office called to say he is back and atten http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Board mtg., where you can reach him if you need him. August 23, 1971 - 2 - Messages for Mr. Volcker 11:30 AM - Rose said Secy. is doing a TV thing in his Conference Room at 2:30 today and she thinks he will be thru about 3:00 so she will put Jack Bennett down for 3:00 but will phone us when the Secy. is ready. NOTE: Before I phone the Austrian Embassy to accept the Ambassador's invitation to lunch on Sept. 29th, perhaps I should know what you told Wolfgang Schmitz so that I can let the Amb. know what the outlook is and that you have talked to Schmitz. 11:55 AM - Gov. Daane called and asked what time this afternoon would http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be a good time for him to come and see you. you'll be back from State by 2:30? Do you think If so, you could see Gov. Daane from 2:30 to 3:00, when Jack Bennett & Preston Martin & Co. are arriving. Otherwise, shall I suggest we call Gov. Daane when your financing meeting is over -probably around 5:00? 2:30 5:00 Messages for Mr. Volcker NOTE: - 3 - August 23, 1971 At my suggestion, since Jack Bennett is due here at 3:00, Mr. Adams is having Preston Martin & Co. come to his office and you can either join them there or they can come to your office when you are ready 2:20 PM - Mr. Auten found that Mr. Kindleberger is is in Europe for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a year and Prof. Machlup is in Austria until Sept. 9th. Mr. Auten is going to try to think of some better names but so far has thought of Dick Cooper, Houthakker, Gene Birnbaum, George Chittenden, Krause, Salant, and Harry Johnson. (More names on next page) Mr. Roosa not only will attend the meeting tomorrow but will be glad to come to the Wednesday meeting and, in fact, would like to attend the morning domestic session as well as the afternoon intl. session Mr. Auten said unless they (meaning Mr. Roosa's office) hear to the contrary, of course Mr. Roosa is welcome to the dompstic session. Is this OK? YES NO Mr. Auten talked to Mr. Pannill and they thought it might be best to have the luncheon at 12:30 to allow ample time for the afternoon intl. session and still permit people to get back from whence they came. YES ) NO Is this all right? Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - August 23, 1971 There is also the question of the place of the meetings and the place for the luncheon. The meetings could be in Secy's Conference Room, excepting, if he doesn't plan to attend all of the meetings, he may wish to use his Conference Romm for some other purpose, in which case, 4426 might be used for the meetings. (Rose and I agreed that the meeting with former Secys, and Under Secys for Monetary Affairs tomorrow would be in Secy's Conference Room.) For the Wednesday meetings, do you favor: Secy's Conference Rm. 4426 Mr. Auten seemed to think it would be best to have the luncheon in the Secy's Dining Room, even though there will be 14 people plus Secy. and Dr. Walker and you and anyone else you might wish. He thought they could put up a card table asfas been done before. Is this agreeable? YES NO Since talking to me before, Mr. Auten has found that Mundell is in Italy until Jan., 1972. He is still trying to reach Friedman, Bernstein, and Haberler. Other names as substitutes that come to Mr. Auten's mind, not necessarily that he recommends, are Kenn, Hal Lary, Mikesell, Leland Yeager, of Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 5 - August 23, 1971 U. of Va., Samuelson, Triffin, and Trued. He will try to think of some more. Mr. Auten found Haberler is in Europe -- in Zurich on Wed. Milton Friedman is in Vermont and has not returned Auten's call. Edward Bernstein's answering service answered and presumably he will be calling back. More names: thinking. Bob Solomon, George Halm More names: Mr. Auten is still Roy Reierson and Pete Collado. Mr. Auten says he has now run out of nam es. Mr. Auten said Mr. Snyder called Lee Bac h, the prospective chairman of the domestic session, who wanted to think about it and said he would be back to Mr. Sny der with an answer within an hour, but much more than an hour has elapsed and and Mr. Bach has not yet called back. Therefore, Mr. Snyder is now going to go ahead and call the others on the list, without having first pinned down a cha irman. He will give me progress reports. . Snyder said Fellner will/ try; RAy Saulnier ,ii1ing / o come but thvir teleph5ge con nectilon got cut off before he, fini h 4/7their co / ertation. 1 11 hav&X/o leave early b / ; Art Okun wi llo e but use he has an engagement in NY. P Messages for Mr. Volcker - 6 - August 23, 1971 Mr. Snyder reported that Fellner will come; Okun will come but has to leave around noon to catch a plane for NY; Reese is unavailable -what would you think of John Dunlop of Harvard in place of Reese? Bach will come and chair the session. 4:10 PM - Mr. Auten called and is anxious to get some names from you for him to call yet today -- it is getting late to reach people. He still has not heard from Bernstein or Friedman. 4:15 PM - Page Nelson needs to see you before the day is out. NOTE: Mr. Frechtling called and said he understood you were issuing the invitations to the consultants meetings and he would like to attend if he may. I told him I would tell you. 4:16 PM - Mr. Petty's secy said he wanted you to know he has a meeting with the Secy. at 9:30 tomorrow morning on the ESF budget. 4:17 PM - Under Secy. of State Johnson called & would like you to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis call him. 101 - 22471 Messages for Mr. Volcker - 7 - August 23, 1971 5:05 PM - Gov. Daane called and said he had a call from Zijlstra and needs to talk to you about it. He thinks he will come over around 6:00, although he knew your financing group meeting was just starting. 5:30 PM - Mr. Auten now has film** firm acceptances from Messrs. Roosa, Bergsten, Cooper, and Salant. He reached Mr. Bernstein in Delaware, where he is vacationing, and Mr. Bernstein allowed as how it would be very inconvenient for him to come for the meeting on Wednesday. Mr. Auten asked him if his response would have been different if you or Secy. Connally had called him; Mr. Bernstein allowed as if Secy. Connally had called he might feel he had to come back. So the question is whether you or the Secy. want to coax Mr. Bernstein. 227-2065. m His number in Delaware is AC 302 - Mr. Auten is still trying to reach Harry Johnson at a hotel in Montreal and still hasn't been able to get hold of Friedman in Vermont and would like some indication from you whether you want him to keep on their trails thru the evening -- i.e., he said "your nervtous social secretary wonders whether the party is on." 5:35 PM - Mr. McGinnis' secy called and said Mr. Jurich called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis understood that Secy. Connally and you were having a meeting tomorrow and wanted Ambassador Kennedy to attend. Amb. Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 8 - August 23, 1971 phone and is expected Kennedy is away where there is no t, and Mr. Jurich would to call Mr. Jurich at 7:00 tonigh t the subject is of like to talk to you and find out wha the meeting. Mr. Jurich is at home. . (I learned ris is trying to arrange indirectly thru Rose that Mary Har for the meeting.) a plane to get Secy. Kennedy here August 21, 1971 - 1 - Messages for Mr. Volcker 10:20 AM - Bart Rowen called and wants to talk to you on the phone on a specific question which goes back to the conversation you had with him and two others Thursday and also relates to g the storirs in today's papers. on page 1 of the Post. He said his story was He is at home. 11:05 AM - Gene Birnbaum called and said he just finished having a meeting with half a dozen major bankers -- Gabe Hauge, Overby, Fred Deming, Allan Greenspan, and Peter Peterson was there -- and he has remained in close touch with the European IMF ED 1 s. In view of the current mess, he felt it might be worthwhile to see you and could come down any time today, tomorrow, or Monday. He thought it would be useful in respect to what the gist of the meeting yesterday was in regard to such sensitive matters as gold, and also what the proposition appears to be as might be feasible from the point of view of the French. Mr. Birnbaum thinks, because of his relationships with the Europeans, it might be that he would be able to be helpful. He was calling from his home 11:25 AM - Sam Cross needs to talk to you when Mr. Kashiwagi leaves. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a Messages for Mr. Volcker August 21, 1971 - 2 - 11:35 AM - Bill Dale called and said, if you haven't otherwise heard, he had a message from Crispi this morning that Ossola will be arriving in Washington tomorrow afternoon (Sunday)• He will want to see Schweitzer and you and then he will go up to Canada and see Benson. He is arriving Sunday afternoon - Mr. Dale doesn't know the exact time. Ossola will want an appointment in the office with Schweitzer Monday morning, which Crispi is arranging, and Mr. Dale imagines ussola will want to see you in the office. In the meanwhile, Crispi wonders whether Ossola, you, and Crispi and Dale should get together at Crispi's house for dinner Sunday evening. Mr. Dale's second message is the Board has a meeting at 5:00 today to consider the French dual exchange system. 11:40 AM - Chrm. Burns called and would like you to call him. 11:45 AM - Mr. Peterson called and would like you to call him. 12:12 PM - Katherine called and said Chrm. Burns had the thought that you and he might lunch together in the White House Mess if you have no other luncheon plans. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis She will wait to hear. It turned out that the Austrian Embassy was embarrassed about the letter they sent you from Amb. Gruber asking you to set the date for a luncheon or dinner during Bank-Fund week; they Messages for Mr. Volcker _ 3 August 21, 1971 had already schedulaithe social function referred to in the letter -- it is to be a luncheon on Wed., Sept. 29th., and they hope you will be able to attend. At present, the only thing you have is an invitation from Hans Widenmann to one of his series of luncheons on either Muaday, Tuesday, Wednesday, or Thursday of Bank -Fund week. Would you want to hold off answering the Austrian invitation until you ence? know whether you will or will not attend the Alpbach confer (483-4474 - X 52) 1:40 PM - Mr. Weber said he has looked over all of today's tickers and found nothing he thought worth your looking at. He also said we hade an open invitation for a Treasury official to appear on TODAY'show any Monday, so, if at any time, you think it would be advantageous, they can get you on. 1:45 PM - George Willis wculd like to see you to raise a couple of ideas http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with you sometime this afternoon. Messages for Mr. Volcker NOTE: - 4 - August 21, 1971 I have gotten word to the kitchen help and to Messrs. Burns, Shultz and Peterson (thru the White House), Ezra Solomon, and McCracken that the Monday breakfast is cancelled. The State Dept. Duty Officer said Mk. Samuels is already in NY and will be leaving from there for the GATT meetings, so not necessary to get word to him. x This does, though, raise the question whether Samuels asked someone to attend the breakfast in his steaderm Do you think this likely? Also, I had the impression that Gov. Daane returned to Michigan. Is this correct? Does this cover everyone? 3:16 FM - Sam Cross called and said they have had word from Korp that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Ferrari)gradi will send a message through Ambassador Ortona that he regrets he won't be able to get away from Rome for the next few days. Korp said the Treasury assured him that Ferrari Aggradi genuinely can't get away because of the markets, etc. - 1 - Messages for Mr. Volcker August 21, 1971 10:20 AM - Bart Rowen called and wants to talk to you on the phone on a specific question which goes back to the conversation you had with him and two others Thursday and also relates to g the storis in today's papers. on page 1 of the Post. He said his story was He is at home. 11:05 AM - Gene Birnbaum called and said he just finished having a meeting with half a dozen major bankers -- Gabe Hauge, Overby, Fred Deming, Allan Greenspan, and Peter Peterson was there -- and he has remained in close touch with the European IMF ED 1 s. In view of the current mess, he felt it might be worthwhile to see you and could come down any time today, tomorrow, or Monday. He thought it would be useful in respect to what the gist of the meeting yesterday was in regard to such sensitive matters as gold, and also what the proposition appears to be as might be feasible from the point of view of the French. Mr. Birnbaum thinks, because of his relationships with the Europeans, it might be that he would be able to be helpful. He was calling from his home 11:25 AM - Sam Cross needs to talk to you when Mr. Kashiwagi leaves. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis August 21, 1971 - 2 - Messages for Mr. Volcker 11:35 AM - Bill Dale called and said, if you haven't otherwise heard, he had a message from Crispi this morning that Ossola will be arriving in Washington tomorrow afternoon (Sunday). He will want to see Schweitzer and you and then he will go up to Canada •and •see Benson. He Sunday •is arriving afternoon - Mr, Dale doesn't know the exact time. Ossola will want an appointment in the office with Schweitzer Monday morning, which Crispi is arranging, and Mr. Dale imagines Ossola will want to see you in th2 otfice. In the meanwhile, Crispi wonders whether Ossola, you, and Crispi and Dale should get together at Crispi's house for S inner Sunday evening. Mr. Dale's second message is the Board has a meeting at 5:00 today to consider the French dual exchange system. 11:40 AM - Chrm. Burns called and would like you to call him. 11:45 AM - Mr. Peterson called and would like you to call him. 12:12 PM - Katherine called and said Chrm. Burns had the thought that you and he might lunch together in the White House Mess if you have no other luncheon plans. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis She will wait to hear. It turned out that the Austrian Embassy was embarrassed about the letter they sent you from Amb. Gruber asking you to set the date for a luncheon 5r 5inner during Bank-Fund week; they Messages for Mr. Volcker - 3 - August 21, 1971 had already schedulaithe social function ref erred to in the letter -- it is to be a luncheon on Wed ., Sept. 29th., and they hope you will be able to attend. At present, the only thing you have is an invitation from Han s Widenmann to one of his series of luncheons on either Mon day, Tuesday, Wednesday, or Thursday of Bank-Fund week. Would you want to hold off answering the Austrian invitation unt il you know whether you will or will not attend the Alpbac h conference? (483-4474 - X 52) 1 40 PM - Mr. Weber said he has looked ove r all of today's tickers and found nothing he thought worth your looking at. He also said we have an open invitation for a Treasury official to appear on TODAY show any Mon day, so, if at any time, you think it would be advantageous , they can get you on. 1:45 PM - George Willis wculd like to see you to raise a couple of ideas http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with you sometime this afternoon, - 1 - Messages for Mr. Volcker August 20, 1971 10:10 AM - Mr. Betts' office called to ask if you would lunch in Secys Dining Rm. today; they said Secy. was lunching there so I told them to put you down as lunching there also. 10:20 AM - Gov. Daane called and would like to speak to you as as you are free. OK? IS He said"following our meeting, when you were made that you sig rushed upstairs, several asnments ou• ght to know about -- particularly one that is going to be picked up in Shhltz's quarters." tell you about this. Gov. Daane wants to 147 - 211 10:40 AM - Mr. Weber would like your advise as to what comment they should give to the press with respect to Mr. Kashiwagi's visit and with respect to the Mexicans' visit (they're seeing Secy. at 12:30 today to reauest exemption from supplemental duty). 2615 4:00 PM - You were called by Mr„ Towe, Canadian Economic Minister, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Canadian Embassy, he would like you to call 332-1011 X 228 or 9 - 3 - Messages for Mr. Volcker August 20, 1971 News, called again re your 5:10 PM - Irving R. Levine, of NBC appearing on the TODAY show on Monday at 7:30 AM. He was asking if we had an answer for him yet. I told him you were out of the building at a meeting. He said would need the interview would only take 10 minutes -- you Nebraska to come to the WRC Broadcasting Station, 4001 want Ave., N. W. where it would be taped alive -- they amika to talk to you about the international monetary the way situation -- your trip to London, your views on of things are going and k what we can do in the way cooperating. He seemed to think you could do the show t. and still be at the Treasury for your 8:00 AM breakfas ley, I told Mr. Levine he might be hearing from Mr. Brum who you had asked to find out more about this. 362-4000, Ext. 398 as you return. 6:00 PM - the Secy. would like to see you as soon speak to you on the 6:10 PM - Chrm. Burns called and would like to phone when you return. on the phone when 6:15 PM - Dr, Walker would like to speak to you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you return. Messages for Mr. Volcker - 1 - August 20, 1971 10:10 AM - Mr. Betts' office called to ask if you would lunch in Secys Dining Rm. today; they said Secy. was lunching there so I told them to put you down as lunching there also. OK? 10:20 AM - Gov. Daane called and would like to speak to you as soon as you are free. He said"following our meeting, when you rushed upstairs, several assignments were made that you ought to know about -- particularly one that is going to be picked up in Shultz's quarters." tell you about this. Gov. Daane wants to 147 - 211 10:40 AM - Mr. Weber would like your advise as to what comment they http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis should give to the press with respect to Mr. Kashiwagi's visit and with respect to the Mexicans' visit (they're seeing Secy at 12:30 today to request exemption from supplemental duty). 2615 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 August 20, 1971 NOTE FOR MR. VOLCKER I asked Mr. Rendall to find out what Mr.Kashiwagi's schedule was, because Mr. Dale had asked for a time today when he could arrange for you to meet with the LD ED's. thought you would like to know Kashiwagi's schedule: Friday, Aug. 20 12:00 M - Mr. Peterson 1:00 PM - Lunch with Mr. McCracken 4:30 PM - At the IMF -- will see Suzuki and possibly Schweitzer although who he will se is as yet not clear 6:30 PM - Mr. Kashiwagi will hold a small press conference primarily for reporters from Japanese papers, although two or three American reporters who are especially close to the Japanese Embassy will be invited -- but the Embassy warned they do not want word of the press conference to be given to American reporters as they do not want them to attend. Saturday, Aug. 21 No appointments presently scheduled. Sun., Aug. 22 Early AM - Mr. Kashiwagi departs for Tokyo (the Japanese Ambassador is leaving tonight for Tokyo) I gave Mr. Dale this schedule and he is gdhg to try to arrange your session with the LD ED's at 4:30 today; he wondered if you would be willing to come to the Fund for the meeting in a conference room there. % http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis , August 20, 1971 4:00 p.m. Mr. Volcker You were called by Irving R. Levine - NBC News. They would like to have you appear on the TODAY Show on Monday morning at 7:30 a.m. Please call on 362-4000 X 398 Messages for Mr. Volcker - 1 - August 19, 1971 10:40 AM - Mr. Peterson's secy called and said as many as could would be in your qffice at 11:15. 10:55 AM - Ambassador Kennedy called and asked that you call him as soon as you are finished with the meeting with the Secy., as it is rather egent. 101 - 21791 12:05 PM - Mr. Petty needs five minutes with you before lunch. 2522 2:30 PM - Mike Bradfield would like to speak with you on the phone. 8101. 2:55 PM - Mr. Dale would like to speak to you on the phone as soon as you are free, 181 - 3067 3:15 PM - Mr. Weber stopped by and said he had completed arrange-ments for your meeting with Messrs. Ed Dale, Dick Jansen, and Bart Rowen (excepting he has not yet tracked down Bart Rowen) for 5:00 today on a background basis attr ibutable to high administration sources. He will have a stenographer here to take a record of the conversa tion. 3:20 PM - Governor Daane called and would like to speak with you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on the phone to report on his and Chairman Burns' conversation with Mr. Schweitzer at lunch today. Messages for Mr. Volcker - 2 - August 19, 1971 12:45 PM - Mr. Cross said you asked how much it cost to fly the big plane. The cost is approximately $1,000 per flying hour with a $2,000 minimum per day. e.g., if it takes 7 hours to fly to Europe, that woubcost $7,000; if you stayed in Europe for 3 days, it would cost an additional $6,000, plus another $7,000 to return to Washington, or a total of $21,000. If, while in Europe, you flew somewhere that took only 2 hours flying time that day, the cost for that day would still be $2,000, but if it took 3 hours flying time, the cost for that day would be $3,000. Mr. Cross says he probably should see you sometime today about whether or not he should accompany Mr. Samuels to the GATT meeting. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Willis wants you to know he is back. Messages for Mr. Volcker 1 Aug 18, 1971 x 2615 9:00 am Mr. Weber would like to see you. 9:45 am Mr. Adams would like very much to have even a 15 minute financing group meeting with you sometime today. An upcoming financing-decision has to be made tomorrow. I told him I would have to ask you if you could spare the time today and when. 10:00 am x 5806. Gov. Daane called and would appreciate a two-minute call from you when you return from seeing Mr. Schweitzer. 147-211 When I called Chairman Burns' office to say that you would try to come to the lunch today if you could but that in any event Messrs. Adams, Snyder and Auten would come, Kathryn said that Chairman Burns would like to see you for half an hour sometime today either before lunch or late in the afternoon since he has to attend a 2:00 meeting of the Gettmeii Cost of Living Council. 10:35 am Mr. McCracken called and would like jtou to call him http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 103-5036. Messages for Mr. Volcker 10:40 am http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2 Aug 18, 1971 Revi in Mrs. Brooks office (Office of the Mint) called to say that they now have uncirculated Eisenhower silver dollars available for your personal or official use in any quanitty you may wish. They cost $3 each and came packaged in a blue envelope. They hope to have purchases in sometime in September. Mr. Betts' office called to say there will be a working luncheon of the Special Working Group of the Cost of Living /LIc Council in the Secretary's dining roam at --12-:45- today. Those attending will be Secretary Connally, Messrs. Volcker, Petty, Rossides, Betts, Beasley, Gannon, Walker, Nolan, Knorr, Pannil, Englert, and Brumley. that you will attend and regret to the Fed? Yes No Shall we say http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker August 12, 1971 11:10 AM - Penn James would like you to call. (145-2785) 2:00 PM -- On September 29, 12:30 p.m., Mr. Kearns is having a small luncheon for Jam Shid Amouzegar, Minister of Finance, Iran, at the Bank. Would like you to attend. This is on a Wednesday, normally Fed lunch day. Will you attend Fed lunch or Amouzegar luncheon 2:52 PM -- Mr. scCracken would like a call, please. C-103 - X-5036. 4:10 PM -- Mr. Chittenden, Morgan Guaranty called. We referred the call to Mr. Adams. Mr. Adams came over and said that Chittenden wanted to talk to you about the foreign securities markets. Please call. AC 212 - 425 - 2323. 4:30 PM -- Lee Cohn, Evening Star called again. LI 3-5000. Please call. 6:20 PM - Mr. Weber wanted you to know that Mr. Brumley will be in the office in the morning. • Messages for Mr. Volcker August 11, 1971 9:12 AM -- Mr. Peterson, White House would like a call, please. 9:25 AM -- Ralph Leach, Morgan Smaxamtnit Guaranty would like a call. AC 212 - 425 - 2323. REMINDER: You promised Peter Flanigan a call this morning re press publicity on taking Exim out of budget. 10:45 AM - Mr. Peter Flanigan called you; his secy. said he would be going into a mtg. in ten or fifteen minutes and would like to talk to you before then if possible. 145 - 2361 10:50 AM - Roy Reierson called and would like you to call him. NYC - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 692-4910 - 2 - Messages Lot Mr. Volcker August 11, 1971 10:50 AM -- Roy Reierson called and would like you to call him. 692 - 4910. NYC - 11:20 AM -- Secretary's operator called and wanted to know whether you would chair the Friday morning staff meeting. We are to let her know. YES NO to extend 3:20 PM - Miss Ziobro at the Italian Embassy called an invitation to you from Ambassador Ortona to a stag luncheon he Is giving on the occasion of the Bank/Fund meetings in honor of Secy. Connally and the Italian fiRameexMiaistax Secretary of the Treasury at 1:00 FM on Monday, Sept. 27, at the Embassy, 2700 - 16th St., N. W. You and Mrs. Volcker have been invited to a luncheon Sir Denis and Lady Rickett are giving in the Palladian Rm. of the Sheraton Park but you have not responded to the Rickett invitation. Do you wish to regret the Rickett lunch and accept the Italian lunch? (234-1935) YES NO+ 4:12 FM -- Ben Weberman would like a call, please AC 212-563-1900. 4:30 FM -- Dr. Schmidt would like a call when you return. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 X-5164 Messages for Mk. Volcker - 3 August 11, 1971 5:22 PM - Mr. McCracken's office called to say the meeting of the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Cabinet Cmte. on Economic Policy, which had been scheduled for yesterday but postponed, is now rescheduled for 4:00 PM on Monday, Aug. 16, in the Roosevelt Rm., White House. On cal. August 10, 1971 - 1 - Messages for Mr. Volcker PENDING: (1) Shall we tell Hans Widenmann's secy. that you won't be able to attend his luncheon at Mantoloking tomorrow? YES NO Adams wanted to see you yesterday afternoon. Don't' know if you've seen him this morning Kearns wanted to talk to you on the phone. (4) 128 - 21131 John Lacoma at the tailor shop wanted to get your approval S n a fabric. 9:20 AM - Charles 223-3393. of Arthur Andersen & Co., formerly Under Secy. of the Navy, called and would like to speak to you on the phone when there is a chance -- his secy. said no one else could help him and they'd wait until you could call. 298-7950 940 AM - Judge Pierce called and would like NOTE: ouS call him. 2093 Mr. Cates has gone on over to the 9:30 meeting. 9:55 AM -- Mike Bradfield would like a call, please. X-8101 1000 AM - Mr. Schoellkopf stopped by to find out where you wanted http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis him to meet you this evening. I said I thought probably here at your office but said I'd check when you get off the phone. He has an appointment with Mr. Adams and will check in with me when he's finished with Mr. Adams. office a little before 8:00 PM? Shall he come to your - 2 - Messages for Mr, Volcker 10:10 AM - Jack Bennett returned your call. August 10, 1971 NYC974-3000 10:15 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis e mu! Does this mean that Alpbach is out too? Or should I g look up schedules for ;you alone? August 10, 1971 Messages for Mr. Volcker would like a 10:55 AM -- Mr. Reierson, Bankers Trust, New York call, please. AC 212 - 692 - 4910 to come 11:40 AM -- Mr. Adams stopped by to see you. Would like in or talk to you on the phone when you are free. ed and said he was thinking 11:40 AM - Gene Birnbaum, of Chase, call but wondered of coming into Washington on other business with you if you would like for him to come in to meet n. to discuss the current international situatio He under- he didn't want stands this is a busy time for you and said ul for him to to impose unless you thought it would be usef come in and you would like him to. He has to come to and would Washington some time anyway on other matters plan the trip to suit your convenience. time, including lunch or dinner. It could be any NYC 552-8915 would like to speak to 11:45 AM - Mr. Holmes called from NY Fed and you sometime before lunch, if possible. would like to speak 12:00 M - Mr. Roosa's secy. called and said he -- anytime to you on the phone sometime for five minutes ating matter -in the next two or three days -- about an oper enience. not prices, if you will call him at your conv NYC - 483-1818 so Mr. Coleman may May I please have your checkbook and car keys drive your car home. rson about getting I'm not clear -- do you still want me to call Bob Ande word to Janice -- or not??? http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 4 - August 10, 1971 1:26 PM -- Assistant Secretary Shilleto, Defense, would like a call, please. OX 5-5254 3:05 PM -- Mr. Reierson called again. Please call. AC-212 692-4910 3:15 PM - Mr. Lynn at Commerce returned your call. 3:45 FM -- Mr. Kearns would like a call, please. 189 - 4625 128 - 22511. 3:20 PM - Bart Rowen called and asked to see you sometime in the next few days -- said he could be fairly flexible about time. RE 7-2345 - Ext. 396 3:40 PM - Gene Birnbaum called again to see if I had any word from you. Said it concerns an analysis he has made and perhaps he could discuss it with you by phone if not in person. Said he didn't need to tell you the urgency of the situation. NYC - 552-8915 3:55 PM - Peter Flanigan called and needs to talk to you before 4:30. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 145 - 2361 Messages for Mr. Volcker - 5 - August 10, 1971 4:30 PM - Katherimin Chrm. Burns' office called to invite you and the Treasury group to lunch tomorrow, which Chrm, Burns will host if you are coming. Cal. clear if you do not go to Mantoloking. (see attached) ACCEPT REGRET 5:25 PM - Penn James at the White House would like you to call him. 145 - 2785 5:45 PM - Mr. Kearns called you again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis TREASURY DEPARTMENT June 24, 1971 TO: Mae Alexander On August 11, before the Fed luncheon, please remind Mr. Volcker of the following items of conversation at today's Fed luncheon. 1. Mr. Burns stated that 6 weeks from June 24 the Federal Reserve will hear from Treasury that the growth in the money supply is wholly inadequate. 2. Mr. Burns also said if we don't get the money supply slowed down in the next 3 months (by this he seems to have meant June-July-August) monetary policy will have been a failure. I Messages for Mr. Volcker 1 kugust 9, 1971 to call him. 9:20 AM - Gov. Brimmer called and would like you NOTE: 147 - 213 leaving A Mike Johnson at the White House called just as I was d a meeting the office Friday evening and asked if you could atten Economic of an Informal Review Group of the Council on Foreign August 10. Policy on NSSM 122 - Japan - at 10:00 AM Tuesday, ts but guessed I said we'd have to do some shuffling of appointmen we could do that. He said State had some problems with the ahead and proposed time of the meeting but they were going to go could try to set it up at that time anyway, if everyone else one way or make it, and he said he'd let us know Monday morning the other. 11:22 AM - Mr. Hennessey would like a call, please. X-2748 u 11:25 AM - Mrs. Odor, secy. to Mr. Robt. Farrell, Washington Burea Chief of Business Week, called to check whether or not you would be able to see Mr. Farrell, as she had requested on Friday, sometime tomorrow afternoon. I told her you had not yet given me an answer to this request. RE 7-6630. on 11:35 AM - Lee Cohn called and asked to see you this afternoon http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis international monetary matters. LI 3-5000, Ext. 449 Messages for Mr. Volcker August 9, 1971 - 2 - 12:00 M - Mr. Kearns called and would like you to call him. 128 - 21131 3:10 PM - John Lacoma, from the tailor shop, called. He has a fabric on which he would like to get your approval. Please call 223 - 3393. NOTE: Mr. Auten wanted you to know that Dr. Walker asked to have a paper prepared on wage-price policy after another look and asked for it to be done by August 23. Mr. Auten has the job of doing this. 3:28 FM - Ben Weberman would like a call, please. New York, 212-563-1900 3:40 PM - Mr. McCracken's office called and said the meeting of the Cabinet Cmte. on Econ. Policy scheduled for 4:00 tomorrow has been cancelled because of another meeting the President has asked Mr. McCracken to attend. She asked us to put a hold on 3:00 on Friday which is when they expect they will probably reschedule the meeting. #:30 FM - Frank Fowlkes, National Journal called. He is doing a profile on the Secretary and would like an appointment to see you sometime later this week or next week. Please call - 823 - 8000 3:55 PM - Mr. Adams would like five minutes with you sometime before you leave today; he said it wasn't urgent. 4:00 PM - Mr. Hennessy called to ask when we thought you'd get to him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I asked how urgent it was and he said the debt paper that has been in the works for a year is coming up at the World Bank Board meeting tomorrow morning and there is one question • Messages for MX. Volcker - 3 - August 9, 1971 Mr. McNamara is very concerned about and Mt. Hennessy would feel better if he checked with you on it. only take ten minutes on the phone. He said it would I asked if it would be possible for him to give you something on a piece of paper that you could glance at quickly and decide whether to break into to what you are presently working on. I am not sure he is going to do this. I told Mr. Petty about this and he has talked to Mr. Hennessy and will speak to you about the matter. NOTE: Penn James' secy said he was on a trip in the mountains but she thinks he will get home around 7:30 or 8:00 PM. She said there was no one at the James' home with whom to leave a message but she would keep calling until she reaches him and have him call you. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I suggested he do this thru the Secy's operator. Mr. Weidenbaum stopped by and said you should put out a memo as Acting Secy. this coming Friday designating someone as Acting Asst. Secy. for Economic Affairs effective Monday, August 16th (Mr. W. goes off the rolls August 15th.) He said he had talked with you about having Mr. Auten so designated and War he informally checked it out with Mr. Auten, who would be pleased to be so designated. I have asked Mr. Frechtling for a sample of the sort of memo that should be prepared and will prepare one later in the week, if you wish, for your signature. - 4 Messages for Mr. Volcker NOTE: August 9, 1971 I found that Mr. Wolfe is on vacation until Thursday so turned to Mr. Auten for assistance on appropriate farewell ceremonies for Mr. Weidenbaum. The Thursday luncheon is being enlarged and I paid out of Petty Cash for you to attend. Mr. Frechtling told me late this afternoon that the Secy. had approved an Alexander Hamilton award for Mr. Weidenbaum and there will be an award ceremony at which you will preside (I hope!) as Acting Secy. at 2:15 on Friday in 4121. So I think everything is well in train. NOTE: Jack Bennett's secy. called back after she had called Mrs. Bennett and asked her to ask her husband to call you when he got home tonight -- just to confirm that she had done so and also to say that Mr. Bennett's plane doesn't get into JFK until 9:37 and he lives in Greenwich, Conn., so it may be 10:30 or 11:00 before he gets home. 5:55 PM - Chrm. Burns called and would like you to call him. 6:30 PM - Mr. McCracken called and would like you to call him. 103 - 5036 6:55 PM - Chrm. Burns called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Messages for Mr. Volcker - 1 Friday, August 6, 1971 - 9:35 AM - Mr. Petty's office called to say that he is in New York today and will be calling in periodically. Should you want to be in touch with him, they will know where to reach him. Mr. Petty will return to his office at noon on Monday (August 9). 10:25 AM - Mr, McCamey wonders if you would like to have, before you leave on Monday, August 16, something on the two presentations you are to give at Aipbach: "The Dollar and European Monetary Integration" and " Freedom or Control of Intl. Capital Movements" and whether you would like notes or statements or back-up material. 10:27 AM - Mr, Betts' office called to ask if you'd like to lunch in Secy's dining room today. Cal. is clear. YES NO 11:15 AM - Bob Cooney of Mitchell Hutchins, NYC, called. Mentioned the with fact that he had spoken/tm you about working in Washington; (replacement for Mr.MacLaury) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis but this was not the purpose of his call. He is going to be in Washington on Tuesday, August 10, with his Director, the head of the institutional department, and they were seeing some people at the Fed Board. He wondered whether you had a few minutes to talk with them about the general monetary situation on Tuesday a.m. - up until about 11:00 atm. Your calendar is clear after your 9:30 a.m. interview of Blaine Huntsman it all right to have him come in at 10:30 a.m,? (A.0 212-623-4546) YES NO Is - 2 - Messages for Mr. Volcker Friday, August 6, 1971 11:40 AM - Leslie Peacock of Crocker Bank, San Francisco, called. His secretary said it was personal - and asked that the call be returned. (A.C. 415-kiR-983-3501.) 3:45 PM - Mr. McCracken's secretary (Kathy) called to invite you as Acting Secretary to the Cabinet meeting on Economic Policy in the Roosevelt Room, White House, at 4:00 p.m. on Tuesday, fuusxWmdnmsdayVAugust 10. ON CAL. 3:10 PM - Gov. Daane called. He said he would like to have a word with you on your return if you have a free minute. He can be reached in Michigan on A.C. 616-264-9250. 3:15 PM - Lee Cohn of the Washington Star called. He would like to talk with you and asked that his call be returned. LI-3-5000, Ext. 449. 4:10 PM - Hans Widenmann's secretary called regarding your plans to attend his luncheon at Mantoloking next Wednesday, August 11. I told her it was on your calendar and that she probably will hear from you the early part of the week, to confirm or otherwise. 4:35 PM - Mrs. Odor called to request an appointment for Mr. Robt. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Farrell, Washington Bureau Chief of the Washington News Bureau of Business Week, with you next Tuesday in connection with monetary affairs and in-depth reporting about stories. Mr. Farrell is free excepting for 10:00 AM when he has an appointment at the IMF. Do you wish • August 6, 1971 -3 - Messages for Mr. Volcker to see Mr. Farrell sometime on Tuesday? (RE 7-6630) YES NO glaai r for Monday 4:55 PM - Mr. Adams stopped in to check your calenda afternoon, August 9 and asked that we put him and Bill Ross convertible down for 2:30 p.m. to talk about the upcoming FNMA debenture. ON CAL. 5:30 PM - Chrm. Burns called & would like you to call him. 5:40 PM - Mr. Frechtling stopped by say that there have been inquiries http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis concerning a "going away" party for Mr. Welidenbaum and wondered whether any such thing was being planned -- either/or a luncheon or afternoon reception in one of the Treasury Conference Rooms. He left a copy of one of the letters (which Iodta had informed him of) for your information. all OM -- (attached) (2471) I spoke with Mr. Betts' secretary, who said that Mr. Betts will be on leave until Wednesday of next week (Aug.11) and suggested that you might want to discuss a Conference Room reception with him; Mr. Weidenbaum is leaving on Friday, which doesn't allow very much time. for I told Mr. Frechtling that you had entertained/the Weidenbaums August 13 MN MID and wasn't aware of any further plans. Messages for MX. Volcker REMINDER: - 1 - August 5, 1971 Return Mr. Herbert Salzman's call of yesterday (VP OPIC). 101 - 28582 9:10 AM - Mr. Weidenbaum would like to report some fall-out of in connection with the mtg. with Secy. yesterday WM MED can do either on phone or in tierson. 9:15 AM - Charlotte in Mr. Peterson's office called and said she didn't know whether we had heard yet or not but she thought she'd let me know just in case that the 5:15 meeting today has been cancelled. 11:30 AM - Mr. Adams would 1 see you when your present mtg. is over. 3:55 PM - Mr. Adams called and would like to speak to you on the phone when your visitors leave. NOTE: to you just before 3:55 p.m. Mr. Holmes i call/was transferred to Mr. Adams', since he was leaving the Fed at 4:00 p.m. this afternoon not to return until Tuesday, August 10 4:30 PM 4:35 PM m0 Burns called & would like you to call him. ter Peterson called. He asked that his call be returned. 4:40 PM - M . Petty would like to come in to see you. / / leave Treasury about 6:00 p.m,). (2522) (He expects to 6:05 PM - Mr. Cates is standing by to brief you on the 4:00 p.m0 meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow (Friday-8/6) at the White House of the Special Review Group; re NSSM 122-Japan. (8243) - 2 - Messages for Mr. Volcker August 5, 1971 6:00 PM - Mr. Cates called and said he would be glad to brief you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for the 4:00 PM mtg. tomorrow on the NSSM on Japan at any time convenient to you. I d suggested tentatively 3:15 or 3:30 tomorrow, just before the meeting, since you'll be pretty well tied up in the morning. Is this all right. (The Slid NSSM and a memo from Mr. Cates are in your today's action folder.) YES NO August 4, 1971 - 1 - Messages for Mr. Volcker 9:45 AM - Mr. Adams would like to speak to you on the phone when you are free. 10:05 AM - Secy's Operator called and said there will be Secy's Staff mtg. this Friday. 11:40 AM - Accompanying you to the Fed luncheon today will be Messrs. Adams and Snyder. Mr. Cook is on leave, as is Mr. Auten; Mr. Carlock has another engagement, and Mr. Weidenbaum ix has other luncheon plans. 11:00 AM - Mr. McCracken called. He asked that his call be returned. (103-5036) that he had checked 11:10 AM - Dr. Walker's secretary just called to say with the Secretary and found he was free at 12:00 noon today, baum and Dr. Walker has arranged for him, you and Mr. Weiden to see the Secretaryx at 12:00 noon re Mr.Weidenbaum's successor. ON CAL. to end their 11:15 AM - Mr. Golembe has extended an invitation to you at/att http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis seminar reception for all participants and special guests from 6:30 p.m. to 8:30 p.m0 tomorrow evening, Thursday, August 6, in his suite at the Madison Hotel. the Seminar this evening.) calendar is free.) YES (Chris Corcoran - 296-5305)c (You are special guest at Shall we sayyou will attend? NO (Your Messages for Mr. Volcker - 2 - Tuesday, August 3, 1971 6:00 PM - Katherine Malardi called to extend the Boards invitation to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis lunch at the Fed tomorrow (Wednesday, August 4). Chairman Burns will host. Shall we say you will attend -- and extend the invitation to Messrs. Adams, Carlock, Snyder and Cook? YES NO OTHER NOTE: From 12:00 noon to 1:00 p.m., you will be in the TROIKA meeting in the Secretary's Confc Room. (147-201) 4- i t ,, / I Messages for Mr. Volcker - 1 - August 3, 1971 10:00 AM - Mr. Weidenbaum stopped by and said he has a big revenue sharing meeting laid on for this afternoon and will not be able to attend the 4:00 PM Housing Task Force meeting. Would you want anyone else to accompany Mr. Adams in Mr. Weidenbaum's stead? 11:30 AM - Donald PLatten of the to speak to you o the phone. 3:05 PM - Frederick Deming, Sr. his call be retu emical Bank called and would like NYC - 770-3516 alled from New York. He asked that (A.C. 212-422-1222 -- Call back Operator No. 6). 4:20 PM -06. Kearns called and would like to speak to you on the phone. 128 - 21131 4:45 PM - Dr. Alpher's office called to ask whether you could make your appointment with him at 2:30 p.m0 rather than 3:30 pm (on Thursday afternoon, Aug. 5) /since he will be free then. I told her I would call back as soon as this was passed on to you. between 5:00 p.m. and 5:10 p.m..) (The office closes -- 223-4564. 5:05 PM - Mr. Frechtling stopped by to say that he had gotten a call from Congressman Conable's Administrative Assistant, Harry Nicholas, who is anxious to have you call the Congressman. (Congressman Conable's phone no.: 180-53615) 5:12 PM - I called Dr. Alpher's nurse to say that you had not returned; http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis she suggested that we call in the morning. Wednesday, Aug.4,1971 - 2 - Messages for Mr. Volcker 11:30 AM - Herbert Salzman, Vice President of OPIC, called. his call be returned. 11:45 AM - Mr. Nelson called. He asked that (632-8582) He asked that his call be returned. (2884) 1:15 PM - Penn James called and said he had talked to you about a very bright young man, Blaine Huntsman, a PhD. Economist at the University of Utah, thinking about him maybe for the Deputy job, but Mr. James thinks in Jack Bennett we have a stronger candidate. However, Mr. James has talked to Huntsman and he is a very bright, sharp oung man that Mr. James feels we can use somewhere in the Administration and maybe his skills might be used in Treasury. Huntsman will be in town on August 10th and Mr. James wondered if you would have time to see him. Your cal. is generally clear that day. attached. Huntsman's bio is Do you wish to see him on Tues., Aug. 10? YES NO 1:45 PM - Mr. Flanigan returned your call of yesterday. I explained you were out of the building, and his secretary said 4:00 pm might be a good time to talk with him if you wamtxto still need to talk with him. 1:50 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Mr. Betts' office called (1) to invite all key personnel to the swearing-in of John Walters IRS Commissioner) at 9:45 a.m, on Friday, August 6th, in Room 4121. Cal. Noted. Mr.Butterfield's office at the W.H. (2) to the invitation from 6:00 p.m0 tonight to the baseball game on the Ellipse at and the Democratic been the Republican National Crate° National Coinmittee. • Wednesday, August 4, 1971 - 3 - Messages for Mr. Volcker l. 2:05 PM - Mr. Collfado returned your cal He said he has been in a Trust Company and heard Board meeting of the Morgan Guaranty you were trying to reach him. He is flying to Washington at on at the Mayflower Hotel 4:00 p.m. today - and has a reservati about 5:45 p.m0 this evening. (Room 669) - where he should be at John Petty at 10:00 a.m0 He also said he was comigin to see ry and reachable through tomorrow morning and will be in Treasu Mr. Petty's office. whether called to say that he asked ary ret sec s on' ers Pet 2:40 PM - Mr. 5:15 PM ust 5) p.m. tomorrow (Thursday, Aug Wg/ atX t mee to e fre you are Shultz discussing" -- with him, Mr. n bee e hav y the ter mat "on the Wing, ltz's office, 2nd fl., West Shu Mr. in -ken rac McC and Mr. White House. 2:55 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Your calendar is clear. ON CAL. had heard again from Mr. Frechtling stopped by to say that he gressman would like Congressman Conable's office saying the Con w. some specific language to use in a dissenting vie Mr. s language Frechtling has gmkkelmxxlitxmxxixiimiE prepared thi now which he would/like to discuss with you. (2471) Messages for Mt. Volcker - 1 August 3, 1971 10:00 AM -mr. Weidenbaum stopped by and said he has a big revenue sharing meeting laid on for this afternoon and will not be able to attend the 4:00 PM Housing Task Force meeting. Would you want anyone else to accompany Mr. Adams in Mr. Weidenbaum's stead? 11:30 AM - Donald PLatten of the Chemical Bank called and would like to speak to you on the ?hone. NYC - 770-3516 3:05 PM - Frederick Deming, Sr., called from New York. his call be returned. He asked that (A.C. 212-422-1222 -- Call back Operator No. 6). 4:20 PM - Kearns called and would like to speak to you on the phone. 128 - 21131 4:45 PM - Dr. Alpher's office called to ask whether you could make your appointment with him at 2:30 p.m. rather than 3:30 pm (on Thursday afternoon, Aug. 5) /since he will be free then. I told her I would call back as soon as this was passed on to you. between 5:00 p.m. and 5:10 p.m..) (The office closes 223-4564. 5:05 FM - Mr. Frechtling stopped by to say that he had gotten a call from Congressman Conable's Administrative Assistant, Harry Nicholas, who is anxious to have you call the Congressman. (Congressman Conable's phone no.: 180-53615) 5:12 PM - I called Dr. Alpher's nurse to say that you had not returned; http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis she suggested that we call in the morning. Messages for Mr. Volcker - 2 - Tuesday, Aua,st 3, 1971 the Board's invitation to end ext to led cal i ard Mal ine 6:00 PM - Kather August 4). Chairman Burns y, sda dne (We ow orr tom Fed the at lunch http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis will host. Shall we say you will attend ••• ••• and extend the k, Snyder and Cook? invitation to Messrs. Adams, Carloc YES NO eta' e ?' k OTHER NOTE: will be in the From 12:00 noon to 1:00 p.m., you Conf. Room. TROIKA meeting in the Secretary's (147-201) w. Monday, Aug. 2, 1971 - 1 - Messages for Mr, Volcker 10:00 AM - Mr. Betts' office called to ask whether you would have lunch in the Secretary's Office today? YES NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NO I've shifted Joe Slevin to 12:00 today and Jack Bennett will be here at 2:15. A -2- Messages for Mr. Volcker Monday, August 2, 1971 2:00 pm - Mr. Bergsten's secretary called to ask whether you could have lunch with him on either Tuesday or Wednesday of this week ON* or any day of the week August 9 (with the exception of Tuesday). MI. GNP On Tuesday, 8/3/ Lunch at the State Department On Wed., TROIKA bring at 12:00 noon - ? Lunch 8/4: Red Board. Wk. of 8/9: Clear: Monday Thursday Friday Shall we tell him you will lunch with him on one of the clear days during the week of 8/9? YES NO OTHER (493-8919-Ext.347) 2:05 PM - Mr. Frechtling stopped by to say that Congressman Conable is http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis clamoring for the draft report left with you Friday evening. (JEC Subc. on Intl.Exch.& Pay.-"...To Strengthen the U.S. Dollar"). Mr. Frechtling would like to talk with you when you are free. (2471) • Messages for Mr. Volcker _ 3 - Monday, August 2, 1971 4:15 PM - Mr. Petty called and asked for about 1/2 hour with you sometime this week re: ExImBank short-term discount line -Frank Cavanaugh Messrs. Pappano, Springborn and/RatxiEkx*ixtixTatx* would meet with you and Mr. Petty. Thursday, August 5. I have giventhem 11:00 a.m. on ON CAL. 4:20 PM - Mr. Frechtling would like to talk with you on the phone. (2471) 4:15 PM - Mr. Nelson would like to see you when you're free. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis it wasn't urgent. He said Friday, July 30, 1971 -1- Messages for Mr. Volcker 4:40 PM - Jim Loken of Peter Flanigan's office has scheduled a Housing Finance Task Force meeting for Tuesday, August 3rd, at 4:00 pm, in the Roosevelt Room, White House, which you are invited to attend. Invited also are: Secy. Romney, Fred Deming of HUD, Lyle Gramley (FED), Oakley Hunter and Preston Martin. You are attending Mr. Samuels' working luncheon at State on German offset 'meeting starts at 11:00 a.m.) on August 3rd. Is it all right to tell Mr. Loken's secretary that you will attending the 4:00 p.m. meeting at the White House? (CAL.NOTED) NO • YES She asked, also, whether Mr. Weidenbaum should be invited to tend this meeting by Mr. Loken m• or whether you would prefer to do this. (I checked this question -- and it is intended that he attend; the question being who is to ask him.) By Mr. Loken's staff? YES Mr. Volcker to invite? YES NO (Taffy - 145-2777) luncheon 5:00 FM - Jim Nelson, State Department, called about the German offset 11:00 am Mr. Samuels is giving in connection with his/meeting at http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on Tuesday, August 3, at the State Department, and invited you only to bring one or two Treasury people to the luncheon!, if you like will He asked that he be informed if you is/bring anyone and would like their names. / (101-22155) Messages for Mr. Volcke r 1 Thursday, July 29, 1971 From Message Sheet, Wed. , July 28: (1) - Call - Penn James (145 -2785) - Sam Cohen, OMB (103-463 0) - Lee Cohen (Star) - re Federal Reserve Board (LI-3-5000, Ext 449) 10:10 AM - Hans Widenmann called & would like you to call him. NYC 530-4114 10:25 AM - Pon James call ed_ & would like you to ca ll him. 12:40 PM Vim kohen returned your call and asked that you call him. (5363) 2:45 PM - Mr. Nolan retu rned your call. you about border tax. He would like to talk with (He is going into a me eting at 3:00 pm) -- (5561) 3:15 PM - Joe Slevin call ed. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He would like to come in to talk with you about the internatio nal situation late tomo rrow afternoon or sometime early next week. Shall we arrange an appo intment for Mr. Slevin ? YES NO If yes, shall we set it up at a convenient time next week? YES NO OTHER (393-6686) Messages for Mr. Volcker FYI: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - - ee him Thursday, July 29, 1971 Messages for Mr. Volcker 9:00 AM frazar Wilde called. (Note: -1- Wed., July 28, 1971 He asked that his call be returned. His secretary said he would be out of his office from 10:00 a.m. to 10:30 a.m. - and planned on lea ving for the day at about 1:30 p.m.) --(A.C. 203-243-8811 - Ext. 261.) 9 10 AM - Gov. Daane's secretary called to give us the information that Elk Rapids, (P.O. Box 417) he is leaving tomorrow morning for/Michigan/(f or a visit with his family) to return to Washington on Saturd ay, August 21. During that time, he can be reached at A.C. 616-264-9250. 9:23 AM irbert Stein called. He asled that his call be returned. (103-5042) 9:50 AM - Penn James called and would like to speak to you on the phone. 145 - 2785 10:25 AM - Mr. Adams stopped by. He would like to come in to see you at your convenience. (5806) 10:30 AM - Mr. Bob Bethke called and would like you to return his http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis call. (212-943-4400) Messages for Mr. Volcker Wednesday, July 28,1971 -9- 10:55 AM - Lee Cohn of the Washington Star called, in relation to the Federal Reserve Board and asked that the call be returned. (LI-3-5000, Ext, 449) you "this 11:10 AM - Dan Ahearn of Wellington called and said to tell thing on the tape this morning and that was on the radio ing about doubling the size of the Fed Board or bring the Fed into the White House (1) will create a lot of problems in the bond market, which does not need any problems, (2) it is probably going to get into the stock market, and (3) I think it is going to erode some of the President's support in the financial community because he is just going down a road that others have tried to go down and it won't work. If this is going to happen, we are not going to own any bonds; we have a responsibility to our clients." Mr, Ahearn said he would like to talk to you on the phone about this when there is a chance. Boston - AC 617 - 742-8100 11:30 AM - Mr, Samuels called and would like you to call him. His secy. sounded like it was urgent but I didn't pin her down, 2:00 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Sam Cohen of OMB called. returned u (103-4630) He asked that his call be Messages for Mr. Volcker 8:30 AM - Bill Ross, FNMA called, 1 " Tuesday, July 27, 1971 He would like to talk with you for a few minutes before you come in for the Board meeting. (293-6066) 8:55 AM - Govc Daane called. He asked that his call be returned. (He has a 9:30 a.m. Board meeting.) (147-211) 9:08 AM - Mr. Adams has arranged a meeting for 4:00 p.m0 today in your office to discuss BIS Money Employed A/C with Messrs. Adams, Dave Bodner, Alan Holmes and Ed Geng. ON CAL. 9:20 AM - Frank Saul (F.S.Smithers) called from New York. that his call be returned. He asked (A C. 212-943-3300) 9:25 AM - Chairman Burns' secretary called with the invitation to the Fed lunch tomorrow (Wednesday, July 28). Gov. Robertson will and Mr, Auten host, Messrs. Adam, Snyder and Cook/are free to accompany you; Mr. Carlock has another commitment; halm mxtrtmdiREI szakiad MWAntiamkgxmffilmaxxmxamaiiattiiikyxklaxakkkROxa00444Ww411 zutbv2is)e-xy)x Your calendar is clear. Is it all right to accept? YES NO OTHER (Katherine Malardi - 147-201) 10:00 AM - Mr. Betts' office has been informed that you are having lunch with the FNMA Boarth 10:05 AM - Mr. Clifford's office called re your joining the FNMA meeting and I told his secretary tut you had been delayed in the Secy's office and would be late -- also, she wanted to know about Mrs. Paxman 293-6074 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis lunch and I said I thought you would be having lunch with the Board at the University Club-- that I would confirm. Messages for Mr. Volcker - 2 - Tuesday, July 27, 1971 NOTE: (1) The luncheon for Mr. Joss will be held on Thursday, July 27, at the National Lawyers Club, 1815 H St., N.W., 3rd Floor, 12:00 Noon - Cash Bar; 12:30 pm luncheon. The cost is $6.00; to be paid to Iola Hollar (Mr,Weidenbaum's secretary). (2) ON CAL, (Your calendar is clear.) The balance in your petty cash as of today (7/27) is $12.85. Mr. Morrow is going to pick up a supply of cigars for you this afternoon (6 cartons - 10 boxes ea. - @ $2.50 per carton - with tax to amount to $15,60.) You will have a minus balance of $2.75 for the cigars, plus $6.00 for the Joss luncheon ° 10:10 AM - Bob Bethke called and would like you to call him. I later saw Mr. Adams in the hall and told him Mr. Bethke was trying to reach you and asked if anything was afoot; Mr. Adams said no -- that he had just finished talking to Mr. Bethke and he knows what Mr. Bethke wants to talk to you about, which I gather is not anything urgent. NYC - BO 9-3400 11:00 AM - Bob Solomon is sending over two little memos by special http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis messenger this morning (sensitive classification) -- which he wanted brotght to your attention as soon as received. Messages for Mr. Volcker - 3 - July 27, 1971 11:10 AM - Mr. Petty called and said Mr. Springbor n is working on the NAC Annual report, is putting some monetary stuff in it, and it will be coming out in the press in six weeks' time. Mr Petty would like Mr. Springborn to see you and show you what the table of contents is and alert you to what some of the things are that will be in the report. The present draft has been cleared through the inter-agency staff group, and Mr. Petty hopes to get Mr. Springborn in to see you on this sometime this afternoon, perhaps at the time that Mr. Petty comes in to see you in the late afternoon. 3:45 PM - Mr. Dan Hofgren called and said that he, Henry Fowler, and Donald Sheehan would like to come and see you on the morning of Thursday, August 5, to talk about Gol dman Sachs becoming a Government securities dealer. I told him I'd better check with you first because you had a pretty tight schedule and we'd have to juggle something and said we'd call him. He's in Washington today at 296-4982 but wil l be in his NY office tomorrow - 676-8349. Actually, your cal. is presently clear the morning of the 5th. Shall I gave them 12:15 PM that day? YES NO 5:00 PM - Govt. Daane called. He asked that his call be returned. (147-211) 5:10 PM - Mr. Hirschtritt called. He would like to drop in to see you about t-le6V:IT81 .1rInk_Mimisation Study (about hr). (He is leaving http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis V http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis THE DEPARTMENT OF THE TREASURY ASSISTANT SECRETARY 7- 30- ?I ?It_ t)eu-eticti JOHN R. PETTY Room 3434 Fact. 2522 MESSAGE FOR MR. VOL At 11:20 AM today, Mr. Yassukovich, who is a Director of White Weld, a firm of insurance brokers in London, called from London at, he said, the suggestion of Mr. Robert Genillard, who is one of the Senior Partners with White Weld, who had a conversation with you more than a year ago about the possible attitude of the toward the use of the dollar as an alternate currency of payment in international bond issues, where the dollar might be used as part of a multiple paying option, where the bondholder mi• ght elect to be paid in dollars, or marks, or francs, etc. At that time, you expressed the view that this might not be welcome that it might raise doubt about the dollar's value vis a currencies. other Now that the currency changes have taken place in Europe -- the mark, etc. -- the question has once again come up as to what might be the U. S. attitude toward issues providing the holder the option of, for example, being paid in dollars or marks. Mr. Genillard suggested that Mr. Yassukovich try to reach you and get your reaction to this. Mr. Yassukovich's phone number in London is 283-4200. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis MA - 1 - Messages for Mrc Volcker Friday, July 23, 1971 He asked that his call be returned. 800 AM - Bob Bethke called. (A.C. 212-943-4400) NOTE: ay? - Do you want to return Ed Dale's phone call of yesterd He had indicated he would like to check something with you which has to do with an article he is writing today. He wamts a call this afternoon -- not this morning. (293-3100) 9:30 AM - Mr. Dale called. He asked that his call be returned. (181-3067) (on REMINDER: Overdue bill report on the Transportation Draft Bill your desk). 10:20 AM - Frank Saul of F.S. Smithers called. be returned. He asked that his call (A.C. 212-943-3300)c 10:15 AM - Mr. Adams stopped by to ask whether you would attend a meet- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ing (for one hour) with the financial officers of FNMA, the Postal Service, FHLBB, World Bank, Federal Credit Admin., ExImBank and FHA -- to discuss the Federal Financing Bank. He said it would be a good time to promote the bank. This would be at 11:00 a.m., on Tuesday, August 3, with luncheon following the meeting - at the Post Office Headquarters, 12th & Penna. Avenue, N.W. Your calendar is clear. Mr. Adams would plan to attend with you, but says that Emit/HEE this meeting will be arranged for the sole purpose of your meeting with these financial officers for this discussion. NO (58a5S Shall we tell Mr. Adams you accept? (including lunch) YES NO Messages for Mr. Volcker NOTE: Friday, July 23, 1971 Mr. Brumley's office called, in answer to a question I raised the concerning the "same basis" condition you put on youx/interview Mr. Fowlkes requested with you (as those set up with Dr. Walker and Mr. Brumley). The message from Mr. Brumley was that the Secretary had suggested to you that you not see Mr. Fowlkes. Is it all right to tell him that you are unable to see him? YES AGI)fr;41V /If; NO 011-itR (Mrs Fowlkes - Phone: 9-833-8000) 10:15 AM - We have been informed that the Secretary's Dining Room is closed today. (This is because of the numerous spec ial luncheons scheduled for which the cook has to shop.) 12:20 PM - Ivir CAL. NOTED. Helmuth Reincke, of the Neue Zurcher Zeitung, call ed and would like to talk to you on the phone about the attached article from the July 24 issue of Business Week, in the light of what Secy. Connally said two or three days ago about the U. S. not doing anything to urge the EC in any particular direction on monetary matters. Mr. Reincke said he was leaving for lunch but would be back around 1:30 and in his office all afternoon. 393-1163 12:25 PM - Miss van Arsdale, in Mrs. Kabis' offi ce, called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mrs. Kabis had sent you a memorandum about the $2 bill ; Dr. Walker still wants to pursue the matter and aske d Miss Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - July 23, 1971 van Arsdale to collect comments from everyone and submit them to him. She would appreciate having your comments sent to her in Rm. 2112 by Wednesday, July 28. Messages for Mr. Volcker 1:00 PM -4- July 23, 1971 Mr. Petty called through the Treasury operator. He did not think you would be able to return his call, but wanted you to know that he had tried to get in touch with you. 2:25 FM - Chairman Preston Martin returned your call. 2:30 PM - (129-5537) Ed Dale called to say he was sorry he missed your call. He expects to be in his office the rest of the afternoon, and hoped you would find time to call him again. /0J (293410.4 2:40 PM - Frank Saul called again. He will be the rest of the day, and would appreciate your calling him. (A.C. 212-943-3300) 2:50 PM - Walter Lederer Indian( returned your call. (5656) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker _ 5 July 23, 1971 3:30 PM - Mr. Samuels called and would like you to call him. 101 - 20410 3:50 PM - Mr. Reincke called again (Neue Zureher Zilitung) called again and is anxious to talk to you before he files his story tonight. 4:05 FM - Ethen Belton of Reuters called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He hoped you might have about 5 minutes for him over the phone on tile monetary question. (628-9212) _ 1 Messages for Mr. Volcker 9:35 AM - Mr. Petty called. PENDING: He asked that his call be returned. (2522) James Robitionn called you yesterday and would like his call returned. ••„_ Thursday, July 22, 1971 NYC - 944-7653 9:50 AM - Nate Gordon's secy called to ask if you could meet with him and Messrs. Cohen, Noiin, Pelikan, and others next Wednesday, the 28th, it 2:30 PM on border tax adjustments. Cal. clear so I told her that looked all right. 10:15 AM - Mr. Willis called and said he would be sending around http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a couple of Q & A's for the Secy's appearance on Face the Nation Sunday. Mr. Weber is very anxious to give the Secy. his Q & A book before lunch today. The two new questions the relate to/wider margin question and the balance of payments question. Mr. Willis said Mr. McGrew just called and said Giscard is sending word to us to go slow on the wider margins in the Fund and saying Ossola is misleading us by being too optimistic. Mr. Willis has tried to shape the answer for the Secy. to the wider margin question a little bit to take account of that, He said he'd get the Q & A's around to us as soon as out of typewriter. - 2 - Messages for Mr. Volcker Thursday, July 22, 1971 10:45 AM - Under Secretary van Dusen returned your call. 10:12 AM - Robert Bethke called from New York. (138-57123) He asked that his call be returned. (A.C.212-943-4400) 11:25 AM - Mr. Englert would like to report to you as soon as you get free where they stand on the gold regulations. 11:30 AM - Mr. Brumley's office called to say the Secy. will be briefed fo http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis his appearance on Face the Nation on Sunday -- at 4:15 PM today in the Secy's Conference Rm. and they would like you to be present. Mr. Linehan was to see you at 4:30. we'd better shift him. YES NO OK? Guess Messages for Mr. Volcker - 3 - Thursday, July 22, 1971 11:40 AM - Mr. Nelson would like to see you when you are free. ext. 2884. 11:45 AM - Mrs. Volcker said she tried to reach Mrs. Lindsay Brand by phone and there was no answer. Since they may be out of town and time is running short, she wondered if you could phone Peter Gilsey and invite him for the 27th -- she feels awkward about calling him herself. 1298-7830) 12:20 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Bethke called and would like to have his call returned as soon as possible. 212-943-4400 Messages for Mr. Volcker - 4 July 22, 1971 2:00 PM - Rose Cicala called to say that the Secretary wants the Budget people to get the latest revenue estimates for 1971 this afternoon; also tat he wants Mr. Schultz to have this. 1 I spoke with Mr. Ca ock -- who said there was some mix-up; that he would call Rose. 2:10 PM - Mr. Carlock called back to say that he had spoken with Rose and learned that the Secretary apparently hadn't looked at Mr Carlock's memo which went into him this moining and which has the information the Secretary wants. Rose will bring this to his attention and if he has any questions will call Mr Carlock direct, will take care of 3:05 PM - so, if the Secretary says OK, Mr.Carlock forming Mr. Schultz. Adams would like to see you for a minute when there is IV.'" a chance. 4:15 PM - Ed Dale of the NY Times called and said he'd like to check something with you -- and he thinks you'll appreciate his checking it with you -- either sometime this afternoon (he'll . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be in his office until 6:30) or tomorrow afternoon -- not tomorrow morning. He will not be writing the article until tomorrow anyway, so tomorrow afternoon will be perfectly all right timewise. 293-3100 Thursday, July 22, 1971 _ 5 _ Messages for Mr. Volcker d. 3:15 PM - Mr. Frank Fowlkes of the National Journal calle He is as doing a profile on the Secretary -- as the Secretary and the Chief Economic Spokesman with you for your views. and asked for an appointment He is seeing Mr. Brumley at 3:30 pm on Monday and Dr. Walker at 10:30 a.m. on Tuesday, July 27. officiHe spoke, also, of talking with Mr, Carlock, and other als within Treasury, 4.1 I spoke with Mr. Brumley's secretary and asked whether the Public Affairs office might be coordinating these appointments. She said Mr. Brumley had recommended to the Secretary that he see Mr. Fowlkes; and that he sees no objection to your seeing him. Is it all right to give him an appointment? /),W4 YES NO ay? f yes, shall we arrange it for 3:00 pm. on Tuesd (July 27). --(Your calendar is clear all afternoon - and this will follow both Mr. Brumley's and Dr. Walker's appointments). 4:45 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Willis called to suggest that he, Mr. Dale and Mr. Cross come in to see you sometime tomorrow early afternoon (Friday, July 23) -- to discuss what you tell Mr. Ossola. He suggested that I put a "hold" on 2:30 p.m. and is alerting both Mr. Dale and Mr. Cross. Is it all right to confirm? (5334) OTHER YES NO Messages for Mr. Volcker - 6 - Thursday, July 22,1971 5:15 PM - Mr. McVetta of the General Counsel's office called about the Bill Report on the "Transportation Draft Bill" -- which is a / ,V4 overdue and which OMB has been calling about. (This is on your desk.) 5:20 PM - Bob Bethke called. He would like to talk with you in the morning at your convenience. 5:22 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (A.C. 212-943-4400) Nelson called to remind you that you were going to discuss (Mr. Nelson) with Governor Daane a question he/had on the Belgianx swap business. (2884) • Messages for Mr. Volcker NOTE: Mr. Wednesday, July 21, 1971 Petty stopped by at 7:15 pm last night and said he would like to attend your meeting with Amb. Schaetzel at 4:30 p.m. today. APPROVE DISAPPROVE (2522) NOTE: Mrs. Volcker asked that we note on your/calendar for Tuesday, July 27, at 7:30 p.m.: "Dinner at home." ON CAL, 9:00 AM -Marty Miller called and asked that you be given the message that it is very desirable that he be brought together with the Secretary about the chairmanship of the U. S. Industrial Payroll Savings Committee before he (Mr. Miller) leaves for Europe on Friday to be gone for three weeks. 10:10 AM-Mr. Bradfield called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said he, Judge - (2219) Pierce, Mr(Englert and Mr. Wolfe would like to see you as early as possible today -- on gold exchange. I gave him your schedule -- but he asked whether they might have about 20 minutes with you just before you go to lunch. Is it all right to have them come in at about 12:30 pm? YES (8191) NO Messages for Mr. Volcker - 2 - July 21, 1971 12:20 PM - Secy's Operator called to say there will be Secy's staff mtg at 8:45 AM this Friday. 2:05 PM - John Price on John Erlichmann's staff (Office of Domestic Council) called for information on the Federal Financing Bank proposal. He asked to be referred to someone who could get the information for him, since you were not available, and I got in touch with Frank Cavanaugh who is returning his call. 2:20 PM Hayes called from the NYFed. returned" He asked that his call be (His secretary said he has left word that he is to be called out of his meeting when you call.) 3:50 PM - Carl Madden, of the Chamber of Commerce, called and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis would like to come and see you sometime next Monday or Tuesday to get your thinking about the program for an intl. conference they are attempting to design, to be sponsored by the Chamber. It would be somewhat like the ABA's Monetary Conference for bankers, in that the purpose would be to discuss policy questions, including trade, investment, and monetary, but, since the Chamber conference would be for businessmen, rather than bankers, they would focus more on trade and investment than on financial questions. They have talked about the conference to David Kennedy, Charls Walker, Peter Peterson, Henry Kearns, and others. The latest discussions were with Mr. Peterson, who was very eager for the Chamber to sponsor the conference and urged them to move the date forward from Messages for Mr. Volcker July 21, 1971 - 3 - April, 1972, to late February or early March. Mr. Madden said said he has been given the assignment of helping to prepare the program of a meeting in Chicago of 8 or 10 top businessmen on July 28 on the export field and it is this program, in particular, that he would like to get your thinking on. on Monday. I suggested 4:00 PM Mr. Madden's phone number is 659-6160. 4:00 PM - Mr. Pannill has invited you to showing of Part II of movie "Civilization" at 6:00 p.m. this evening (Wednesday) -- in the Projection Room; and to Part III of "Civilization" at 5:00 pm. tomorrow (Thursday, July 22) -- in the Projection Room c CAL. N0TE11, 4:50 PM - James Robinson called from New York 9 and asked that you return his call at your convenience. He will be in his office until 6:00 prig-, if you don't reach him this evening, he xxxxigit asked that you call him at his office tomorrow morning -- where he can be reached from 7:30 a.m. on. PHONE: A. C. 212-944-7653c 5:15 PM - Mr. Beardsley, of the Chicago Tribune, called you from Chicago http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and said you had issued a statement on the gold exchange and he wants to discuss with you. 312 - 222-3488 dh Messages for Mr. Volcker - 4 - July 21, 1971 5:30 PM - Mr. Chase of OASIA called regarding your question whether the President of the Western Pennsylvania Bank was on the special guest list for the Annual Bank-Fund meetings. is not on the list. He The Bank would consider giving him an invitation either if he wrote in himself or if we should want to ask to have him put on the list. They did not say they would put him on the list -- just that they would consider the pros and cons of doing so. Normally, the World Bank takes into account w such factors as whether the commercial bank has purchased participations, etc., in determining who gets invited. They are not eager to add to the special guest list. 5:40 PM - Sue Steiner called and said she checked with Mr. Lederer and was told the June trade figure is not out yet -- we won't have it until Monday but they will get it to you as soon as we have it 5:45 PM - Mr. Mackour called and said the British were early birds in during Bank-Fund meetings getting a bid in for the Chancellor to see the Secyi, and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Secy. has agreed to see the Chancellor at 4:30 on Saturday, Sept 25th. On cal. Messages for Mr. Volcker - 1 - July 20, 1971 9:40 AM - Mr. Fred Deming at HUD called and would like you to call him. 138 - 57317 11:50 AM - Mr. Nelson would like to see you -- the Fed would like http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to do something on the BIS investment. Mr. Nelson knows you're financing and said he guessed it was getting pretty late to reach anyone in Europe anyway, but he'd like to see you when there is a chance. Messages for Mr.Volcker - 9:25 AM - Mr. Kearns called. 1 - Friday, July 16, 1971 He said he would like to talk with you before he leaves for Brazil tomorrow r- Saturday. be away ten days. He will He expects to be in his office on Satur- day from 9:00 a.m. to 11:00 a.m. or noon. (128-21131) 9:30 AM - Mr, Hennessy called about the briefing material he and Mr. Gordon reviewed for you on the OPIC Board meeting to be held at 9:30 a.m. on Monday, July 19. This is with the material Mr. Morrow is delivering to you this evening -and a note on the briefing book reads that Messrs. Hennessy and Gordon will be on call from 8:15 a.m. Monday morning to discuss the meeting if you wish. 10:15 AM- Mr. Weiczorowski called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis HQ6aid he hoped he could get an answer today on some new information regarding the World Bank bond issue. Bank that He said that the underwriters advise the August 11th through the 12th looks very good on the calendar. Mr Weiczorowski has three questions for you: 1,. Is it possible to reconsider at a higher level the of figure which you gave him/M§ $175 million? 2. Is it possible to indicate that the dates -- 11th or 12th --are okay with the U.S.? 3. Can the Bank begin talking to the underwriters (without public announcement)? He also added a further question: ment be made? When can a public announce- (Mr.Weiczorowski - 181-2776) Meaages for Mr. Volcker - 2 - Friday, July 16, 1971 12:35 PM - Mr. Petty called to say that he would like to talk with you, should you call in. NOTE: Mr. Petty is leaving National on the 7:30 p.m. shuttle to New York and will be in Tuxedo Park, N.Y. over the week end. 1:00 PM - Paul Gomory of Peter Peterson's office called and left the message to please send your written coinments on Mr.Peterson's briefing of last week to him (Mr. Gomory) in Room 130, EOB, by 4:00 p.m. this afternoon, or as soon as possible, along with an extra copy. He said Mr. Peterson was coming back from California this evening, and would like to read over the comments as soon as he arrives. (I asked Mr. Gomory whether he expected to be in his office tomorrow (Saturday) -- and he said he wouldn't unless Mr. Peterson would be in and he had no way right now of knowing that this might be.)0fiAm2itiO (145-2571)c 4:00 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Joseph Bowman called. He had tried to reach you and Mr. Adams, he said, for some material on the Federal Financing Bank legislation, which his firm (Corcoran, Foley, Youngman and Rowe) is in favor of and they want to familiarize themselves with the background. He did talk with Dr. Walker, and Mr. Bowman was given a copy of your June 10 speech in New York before the Municipal Bond Women's Club and Mr. Snyder is giving him a list of all the agencies that are 'going on the market in the Federal Financing Bank." Messages for Mr. Volcker - 3 - Friday, July 16, 1971 4:30 PM - Nat Samuels called -- he said he would call again on Monday. 4:40 PM - Stan Wilson of Business Week called. He would like to talk with you on the telephone to review with you what the U.S. position would be, as it is developing, with regard to flexibility and the international monetary system. -- He has a due date on Tuesday and had hoped he might talk with you. I told him Tuesday was completely out, as is Monday through lunch. He is going to see the Secretary of Commerce between 3:00 p.m. and 4:00 p.m. on Monday afternoon - and wondered whether he might talk with you at 4:00 p.m0 when he expects to be back in his office. Your calendar at 4:00 p.m0 is clear. Shall we tell him you will on the telephone talk with him/at 4:00 p.m. on Monday, July 19? YES NO (RE-7-6630) 5:50 PM - Rose Cicala just called to say that the Secretary is unable to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis attend the Cabinet Meeting at 10:00 a.m. on Monday, because of (heart attack) the death/Of his wife's brother. The Secretary has gone to Texas,. Dr. Walker is testifying before the House Session on Monday on Revenue Sharing. W&M Cmte. in Exec. Rose has given your name to the White House as attending for the Secretary. The meeting is at 10:00 a.m. in the Cabinet Room (via Southwest Gate into the West Lobby) and they expect you. I have contacted Mr.Hennes who is free to attend the 0 PIC Mtg. for you. is expected to last only one hour.) with you on Monday. ON CAL (The Cabinet Mtg. Mr. Hennessy will talk • Messages for Mr. Volcker NOTE: - 1 - Thursday, July 15, 1971 The Secretary is having a closed luncheon in the Secretary's Dining Room today. 10:05 AM - Derek Mitchell called. He asked that his call be returned. (181-3186) 10:10 AM - When I confirmed the 4:30 p.m0 appointment for Amb. Schaetzel on Wednesday, July 21, State Department said he would be coming alone. I have passed the information on to Miss Steiner who has EEC in OASIA. NOTE: in on the meeting? YES (5112) OTHER Would you like her to sit NO Mrc Adams has said that he will take a cab to National EA Airport tomorrow morning for the 8:00 a.m./Shuttle to NYC. • /*i • Mr. SteZlight's schedule-of meetings has not come in leaving as yet. Shall I tell Mr( Morrow you will be/Katturramg at PM from NYC to arrive National 1 hour later at which time he will be there to meet you -- also for the Secretary's Operator's information. 10:40 AM - Mr.Nelson called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He has several things he would like to talk with you about and would like to come in when convenient. (2884) - 2 - Messages for Mr. Volcker Thursday, July 15, 1971 11:45 AM - Mr. Auten called about setting up an4ppointment with you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He mentioned the presentation on interest rates, originally scheduled to be presented tomorrow (Friday) at the Staff meeting, which would not now be done since you were wing to New York. Mr. Auten wants to do a sort of a dress rehearsal presentation, at your convenience, in your office, with Messrs. Weidenbaum, Snyder and Adams present if their schedules permitted. The time involved would be one hour. He asked that we let him know when you thought this could be conveniently done. (5194) Messages for Mr, Volcker 2:00 PM - Dr. Walker stopped by. - 3 - Thursday, July 15, 1971 He said there were a couple of things he had to ask about when you got back. 2:20 PM - Gov, Daane returned your call, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2801 Messages for Mr. Volcker REMINDER - 1 Wednesday, July 14, 1971 - Call Roy Reierson - AC. 212-577-2345. turn Tom Wolfe's call - 5965 Return Bill Simon's call - A.C. 212-747-7026. Return Mr. Hennessy's call - 2748 9:15 AM - The Savings Bonds luncheon which Messrs. Adams, Snyder and Cook today were going to attend/has been iescheduled for another day. Mr. Cook will be accompanAng you,and Mr. Adams and Mr. Snyder to the Fed lunch., Do you wish to include Mr. Auten if he is free? YES NO -- The Fed lunch will be in the Williamsburg Room at the Board instead of the Blue Room where it is usually held. (This will be next to the Blue Room.) 10:00 AM - Mr. Weed of Mr. Weiczorowski's office called again. He had called on Thurs,, July 8 to ask whether a decision had been made on the World Bank's proposed issuance of $250 million of 25-year bonds in the U. S. market. is attached.) (A copy of the July 8 message sheet I asked Mr. Adams whether he had discussed this with you -- and he said he still thought this should be deferred and would like to talk with you about this on your return from the Hill. Mr. Weed's concern is getting your answer today. -- Mr. Adams - 5806; 10:40 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis mro Mr. Weed - 181-2/1-6-; 4/017// Hennessy called again. Mr. Weed. His was the same subject as that of He asked about the status of the decision. I told and him you had been called by Mr. Weed again this morning,/the call mentioned to Mr. Adams who is going to discuss the matter with you. Messages for Mr. Volcker - 2 Wednesday, July 14, 1971 10:45 AM - Derek Mitchell called -- about the matter discussed between you and Mr. Neale of the U.K, Treasury in Paris (an important question affecting the Fund). Mr. Mitchell will be in his Fund office between 2:30 p.m. and 3:30 p.m. and asked that you return his call about then if convenient (181-3186) 10:50 AM - The Secretary's Operator called to say that there will be a full staff meeting in Room 4426 on Friday morning at 8:45 a.m.-ON.CAL. 11:10 AM - Mr. Rustad called to ask whether he might see you for a few minutes today - or as soon as possible, This has to do with the appointment of the Deputy National Director at Savings Bonds and he has a memo which he would like to deliver to you. Mr. Rustad can come in at 5:00 p.m. this afternoon -- if this would be convenient for you. Your calendar is clear. Is it all right to tell him that you will see him at 5:00 p.m.? YES ?K NO OTHER 11:40 AM - Mr. Petty would like to see you before lunch, if possible. (2522) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -- Both Mr. Brumley and Mr. Weber have called to inquire whether you might have agreed to an interview by Herb Bratter. 4fe - 3 - Messages for Mr. Volcker NOTE: Wednesday, July 14, 1971 I passed the information on to Mr. Wolfe about the Secretary's Thursday, July 15, press conference at 10:00 a.m. tomorrow morning/(in Room 4121), the request for and/an answer for him to the question of the West Coast Gold trading on the commodities exchange. Mr. Wolfe said he is sending to you this afternoon a proposed Treasury statement on that question, which will be cleared through the General Counsel, and will suffice for the Secretary's position, and which will be the Treasury's official position. 6:45 PM - Mr. MacLaury called from Minneapolis to say that he will be arriving in Washington at about 4:00 p.m. on Monday, July 26 9 and asked whether you would be free to have dinner with him that evening. (He expects to call on some Treasury peoplt.,... after his arrival and will be in the building.) Your calendar is clear. Do you wish to accept? YES ; >K NO (His secretary - Eileen Maguire - A.G. 612-333-8608) 6:10 PM - Rose Cicalla called and asked that I note 8:00 am. on your calendar, tomorrow, Thursday, July 15, to join others in the Secretary's Conference Room for an economic briefing (which Mr. Pannill has already informed you of). 6:25 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis mr. Al Dale called. He will be in his office until time to leave for your dinner for the Japanese and asked that you return his call if convenient -- otherwise he will see you later this evening. (181-3067) Messages for Mr. Volcker - 1 - Tuesday, July 13, 1971 9:50 AM - Tom Wolfe called, He asked that his call be returned. (5965) 9:55 AM - The Administrativ -Office called about lunch in the Secretary's ining R Shall we say you will have lunch there? YES NO 10:00 AM -Mr. Harland Eastman of the European Bureau, State, called to say that Ambakador J. Robert Schaetzel, EEC, is going to be in Washington next week for Congresabnal hearings. (He will be testifying before Congressman Culver's Subcommittee of the House Foreign Affairs Committee on the enlargement of the EEC on Tuesday, and will be seeing various Congressmen and Senators on Tuesday or Thursday.) The Ambassador asked ,/ P(1/Mr. Eastman to arrange an appointment for him with you on Wed., July 21 -- to talk about European monetary developments. I told him this would necessarily have to be after Ax 4:00 p.m., since you would not be free before then (your press conference on the financing will be at 3:15 p.m.) Fatal tentatively. YES I suggested 4:30 p.m. Is it all right to confirm? NO OTHER (Mr, Eastman - 101-22158) 11:50 AM - Bill Simon called from New York. He asked that his call/be returned any time at your convenience. (He expects to be at lunch fro A0C0 212-747-7026. noon until about 1:30 p.m.) 11:55 AM Nelson would like to see you on your return, (2884) 12:00 M - Mr. Ca called. He is an old friend of Amb. Middendorf - and whether he might attend your 2:00 p.m. meeting. 243) YES NO http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -2 - Messages for Mr. Volcker NOTE: Tuesday, July 13, 1971 In arranging for the Fed lunch tomorrow (Wed.), I find that Adams will be attending a Savings Bonds luncheon; Mr. Carlock has another commitment; l (r0 , Mr. Snyder has another commitme This leaves Mr. Cook.effia--Mr. Auten -neither of whom I have as yet invited. Shall I invite Mr. Cook and Mr. Auten? YES NO Will you lunch with Gov. Daane alone? (I will need to let Chairman Burns' office know how many to expect for lunch.) FYI: 147-201 Mr. Petty and Mr. Cates are seeing Ambassador Middendorf in Mr. Petty's office at 2:00 p m. 3:30 PM - Gov. Daane called from his home. returned. He asked that his call be HOME PHONE: 4:20 PM - Congressional Liaison has reconfirmed with the Committee that you will testify at 10:00 a c m. on Wednesday, July 14. Public will Affairs ix/now releasing your statement under that date and time, CAL. NOTED. 4:30 PM - Mr. Hennessey called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned, (2748) - 3 - Messages for Mr. Volcker NOTE: Mr. Adams Tuesday, July 13, 1971 office has informed me that your first appointment in New York on Friday, July 16,is at 10:00 a.m., and an Eastern Airlines shuttle round trip purchased. Mary Finnerty is calling the New York Fed to arrange for a car to meet you and Mr. Adams on arrival. Is it all right to tell them you will be taking the 8:00 a m. shuttle out of National to arrive La Guardia approximately 9:00 a.m.? 4f)': 71V19i° ES NO OTHER (5806) 5:05 PM - Tom Wolfe called again. (He left Treasury at 6:00 p.m0 to keep an appointment.) 5:10 PM - The secretary to Robert McLellan, Assistant Secretary of Commerce for Domestic and International Business, called to extend an invitation to you and Mrs. Volcker by Mr. McLellan to an informal dinner party in honor of the International Business Advisory Oi (oEft V Committee on Thursday, July 29th, at 7:00 p.m0 at the McLellan Your calendar is clear. residence, / Shall we ACCEPT -- REGRET (Mrs. van Edwards - 189-2867. 6:10 PM - Mr. Hirschtritt stopped by. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis IMF. He wants to talk to you about the I gave him 2:30 p.m. (or on your return from the Fed lunch) tomorrow (Wed., July 14). CAL. NOTED. Messages for Mr. Volcker 9:20 AM " 1 Nelson called. He said he has a "couple of things" he would like to see you about. (2884) 10:00 AM -`Gov. Daane called from Zurich. NOTE: -}xell Monday, July 12, 1971 - He will call again at 11:00 a.m. Secretary is having a closed luncheon in the Dining Room today., =1-04.4, /,K07416 10:30 AM - Coy. Brimmer called. He asked that his call be returned. I (His secretary was unable to say what the call was about.) -- (147-213) 10:35 AM Gene Knorr stopped by. He and Frank Cavanaugh would like to I come in to brief you on the EFA hearing tomorrow morning. Since Mr. Cavanaugh has an outside meeting at 3:00 p.m., he asked whether 2:00 p.m. -- or after 4:30 p.m. would be convenient for you. Your calendar is clear this afternoon. Do you wish to see Messrs. Knorr and Cavanaugh at 2:00 PM 4:45 PM (or later) (Mr, Knorr - 2851; Mr. Cavanaugh - 2438) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ) spoke with Dr. Tzimas' secretary, who said the Doctor was operating all day today He will be in his office from 4:00 p.m. to 6:00 p,m. tomorrow (Tuesday), and suggested that you call him about 4:30 p.m. on Tuesday. I asked her to leave a anote for the Doctolito call you collect any time this evening (the Secretary's Operator will get the call on ST.3.0418, and will put the call through to the office if you are still here -- or to your home if you have left Treasury. If he is unable to call this evening, I asked that she let him know you will call at 4:30 - 2 - Messages for Mr. Volcker 10:50 AM . Kearns called. Monday, July 12, 1971 He asked that his call be returned. (His secretary thought it might be with regard to the shortterm discount note.) 10:55 AM - - (128-R2 21131) Mr. Dale will be in 3:00 p.m 0 this afternoon. ON CAL. Volcker 12:05 -- Mr. McGinnis (X-2537) He would like to come in to see Mr. today on review of German offset. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -, July 12, 1971 - Messages for Mr. Volcker 4:00 PM - Mr. Samuels' secy called and said he wanted you to see pages 72 - 80 of the transcript of the hearings before the onzales Subcmte. on IDA on July 6th, which sets forth what 11.4 Samuels said. She said Messrs. Walker & Petty testified for Treasury and we should have in the Treasury the entire unexpurgated transcript. re' I expressed some surprise, since we normally only receive the part of the transcript that relates to Treasury testimony. However, I have asked Mr. Petty's office about this and they are trying to find out if there is such a transcript in the Treasury. 4:30 PM - Jean Nash in Mr. Van Dusen's office at HUD called to ask http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis if you could attend a meeting re FNMA mortgage operations and debt financing policy at 3:00 PM on Tues., July 20th. This meeting was set up at Oakley Hunter's request and they have already lined up Messrs. Flanigan, Gulledge, Fred Deming, Woody Kingman, and Mr. Hunter. The meeting will be in Mr. Van Dusen's office, Rm. 10,000 at HUD, and she thought it would last at least an hour. I explained that was one of the days we had our advisory cmtes. here on our quarterly refunding and said I'd have to check it out with you. Your cal. is clear in the afternoon if you feel, you can spare the time. (138 - 57123) YES NO • Messages for Mr. Volcker - 4 - Monday, July 12, 1971 6:00 PM - Mrc, Van Dusen's secretary called concerning the FNMA arranged meeting (Aht Mr Hunter's request). She mentioned that you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had suggested about 5:00 pm or later on Wednesday, July 21 -- and has learned that Mr. Hunter will be away from Washington on that day. On the following Thursday and Friday, July 22 and 23 -- Mr. Flanigan is leaving sometime on Thurs. for the West Coast - and Mr. Gulledgo(Jill be away Thursday and Friday. She went back to Tuesday, July 20, and knows you spoke with Mr. van Dusen about the financing committees re here then - and asked whether you could/consider 3:00 p.m. agaimx I asked whether it might possibly be set for about 5:30 p.m., but suggested that I check this out with you first. On July 20 - 6:30 pm- iliAfitxpmi You are to attend cocktails and 7:30 pm dinner by the IBA Govt Securities Cmte0 at the Madison Hotel. Your calendar at 5:30 p.m. is clear; it was thought that the meeting would last an hour. -- Shall I suggest to Mrs0 Nash that she check out 5:30 p.m0 with the other participants? YES NO Your answer on 3:00 YES (138-57123) NO - 5 - Messages for Mr. Volcker NOTES: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (1) Monday, July 12, 1971 Mr. Willis has asked that we put a hold on 4:00 p.m. _ ;0 frr-i-r of, 4, July 15. on Thursday (2) ifrod CAL. NOTED. Mr. Adams has arranged for the Financing Group (Messrs. Adams, Carlock, Snyder and Cook) to meet with you at 3:00 pm tomorrow (Tuesday, July 13). ON CAL. Mr. McGinnis is waiting to see you this evening for I told him I would call review of the German offset. on your return from the Secretary's office. (4) Mr. Reierson's secretary called to say that he had landed this afternoon in Canada/-- and expected to be at his home at 7:00 p.m. or 8:00 p.m. this evening. Should you wish to call him If you at home tonight, his phone is don't talk with him tonight, she will get the message to him to call you on Tuesday a.m. (She didn't say why she couldn't leave the message at his home to call you this evening.) (5) Ambassador of the Netherlands Baron van Lynden's secretaryl called to extend an invitation to you and Mrs. Volcker to a Black Tie dinner at 8:00 p.m. on Wednesday, Sept. 29, at the Ambassador's residence -- on the occasion of the Bank/Fund meetings -- She said the reason for the early invitation was that the Ambassador was going to be away on vacation farcont'd/p.6 Messages for Mr. Volcker - 6 - Monday, July 12, 1971 Ambassador of the Netherlands (cont'd) aamet-iitte- and won't be back until sometime in September. At 6:00 PM, on Sept. 29 (Wed) -- Reception by /Lk)! Secretary Connally and Mrs. Connally at the Smithsonian imxtit Museum of History and Technology. (This is noted on an advance schedule of events which Mr0 Dale's secretary sento) Do you wish to accept the Ambassador's invitation? ./t YES NO ) miKEEpt say you and Mrs. Volcker will attend if there is no priority official commitment at 8:00 pm? YES .3? NO (Miss Daalderop - PHONE - 9-244-5300. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chairman Burn's office called re the Fed lunch on Wednesday this week. Chairman Burns is not expected back until Monday, July 19; Gov. Robertson will be hosting another luncheon. Gov She expects Daane back and indicated that he could host the luncheon should you dm accept the invitation for this Wednesday. Shall we say you will have lunch at the Fed on Wednes YES NO cont cont'd/p07 July 14 Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 7 - Monday, July 12, 1971 Fed lunch - cont'd -- Do you prefer that it just be a staff luncheon? (Mr. Holland is in Europe; Mr. Partee would host for the staffo) YES NO (147-201) Messages for Mr. Volcker - 1 - July 7 - 9, 1971 Wednesday, July 7 12:10 PM - Mr. Berkeley called you; said to tell you he was in Washington and just wanted to check in with you. 4:40 PM - Mr. Liebling stopped by and said to tell you ;he wants to tiug again on that string around your fing er. ( Thursday, July 8 9:10 AM - Mr. Weed in Mr. Weiczorowski's office call ed to ask if any sion had been made on the World Bank's proposed issu ance $250 million of 25-year bonds in the U. S. The Bank aims to go to the market on July 28 and would hope to have a firm LAy answer from the U. S. at1g•.0§_t_kiy the 14th of July./ I told to tell you Mk. Adams about this and he said/he would ask the Bank to defer this until August at least, in view of the Fede ral Home Loan Mortgage Corporation financing about to be announced. I told Mr. Weed you were in Europe and I would give you a reminder on your return on Monday. 11:40 AM - Sam Nakagama, of Argus, an investment hous e, called from http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis New York anda asked if he might see you on Tuesday morning, July 13th, to talk about t the domestic economy. intl. monetary situation and e said he was most interested in the intl. sitmatio 2351mtxgouidximikAusucalipanexaisaxpluxm ightx stiggalaxiixolmxincextralimpxessedxfoxxkimexx monetary situ ation vis a vis the upcoming Bank-Fund meetings in terms of economic July 7 -9, 1971 - 2 - Messages for Mr. Volcker Thursday, July 8 (Cont.) policy. If you are too pressed for time, he will talk to anyone else you suggest. Do you wish to see him? NYC - 425-7500 YES NO 11:45 AM - Bill 4mon called and would like you to call him on Monday. NYC - 747-7026 12:00 N - Victor Chang, V. P. of Harris Trust, would like to see you ion Thursday or Friday, July 15th or 16th, when he'll be 1/ y in Washington. Wants to talk about the market. Shall I 7 0" / r suggest that he see Mr. Adams? (His secy., Mrs. Rose 14, NYC - 425-9376) r 00,1 YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis As you suggested, I called Penn James, who said they had Fred Deming checked out and he is a Democrat, as we already knew. Mr. James said he talked with the political people at the White House and they said they would have a difficult time clearing Mr. Deming unless Mr. James could prove there wasn't a Republican with as good credentials. I told Mr. Deming about this; he said to tell you that his thought is not to pursue this any further and that, if you want to pursue it _ 3 Messages for Mr. Volcker July 7 - 9, 1971 Thursday, July 8 (Cont.) any further, you ought to let him (Deming) know one way (I had already told him you were or the other on Saturday. getting back around midnight Friday from Europe and had to attend a meeting at Camp David all day Saturday.) I asked where he'd be on Saturday and he said, as far as he knew, at home -- phoney/966-7004. I said I hoped I had done the right thing in conveying Mr. James' report to him without having first checked with you; he said it was all right he appreciated having it and said he doesn't plan to do anything himself anyway until next week at any rate. 4:15 PM - Mr. Knorr stopped by to check on your calendar next Tuesday morning, the 13th; I told him it was clear except for Amb. Middendorf at 11:00. He said you may be needed to testify on EFA before the House Publie-14orks Cmte. at 10:00 AM on Tuesday -- he thtoi‘Dr. Walker is going to be away but said he xawtS going to check on that and let us know one way or the other -- but asked that I hold the morning on Tuesday in the meantime. 4:25 PM - I received the following message from Mike Johnson in the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis White House, to whom Peter Peterson's office had referred me about the possibility o David Saturday morn ng: helicopter to fly you to Camp "He checked with the military aide's July 7 - 9, 1971 - 4 - Messages for Mr. Volcker at San Clemente with office and most of the helicopters are the President. helicopters They had to go out on a limb to get back. to take the group up and bring them The President's ldnit spare one to take senior Military Aide said he just cou you up •ED kept at the few that are left here have to be comes back unexpectedly." certain places in case the President space on the helOcopters Mr. Johnston said knx there would be They will leave Camp to bring you back from Camp David. tagon helicopter pad at David at 5:00 PM and land at the Pen 5:35 PM. to drive you We'll have Mr. Morrow at the Pentagon home. Dr. Walker can't testify on d sai and by d ppe sto rr Kno Mr. PM 5:15 have you testify on EFA. Tuesday morning and they will need to ent, which presumably Mr. Cavanaugh is working on the statem ate side. will be similar to that used on the Sen Mr. Knorr ing the prepared said the Cmte. absolutely insists on hav y thing Mr. Knorr knows statement tomorrow (Friday) and the onl tell the Cmte. you to do is to send it upa as a draft and haven't seen it yet. He'll have Mx. Cavanaugh get a copy to us to send to you at the airport. FRIDAY NOTF- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis JULY 9 for Monday morning has been led edu sch ony tim tes s sy' nes Hen Mr. sumably supply you a copy postponed indefinitely and he will pre of his statement when it is more nearly finalized. Messages for Mr. Volcker - 5 July 7 - 9, 1971 Friday, July 9 (Cont.) 4:00 PM - Mr. Melnicoff, of the Fed of ?hiladelphia, called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to tell you he'd called and will talk to you on Monday. Messages for Mr. Volcker REMINDER: July 6, 1971 Call James O'Leary of the U. S. Trust Co. of NY. 425-4500 Mr. Nelson would like to see you re Reuters news ticker. 9:25 AM - Mr. Adams asked for a brief time when he, Mr. Rustad and some of the Savings Bonds people could meet with you this afternoon on their report. I suggested 4:00 PM. 10:15 AM - Mr. Betts' office has called to ask whether you will have lunch in the Secretary's Dining Room today. YES (5391) NO 11:12 AM - Gov. Daane called and, while Daane was out, Zijlstra had http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tried to reach him and left word that he would be in his office until 6:00 PM his time. Gov. Daane said he could hold off calling Zijlstra hmt until about 12:20 or 12:30 our time but would need to put a call to him then at the latest. He said to mention that one question is whether we want Zijlstra to make hotel reservations so you and Gov. Daane can rest a bit and then see Zijlstra in the afternoon -- or what is the program to be? - 2 - Messages for Mr. Volcker Tuesday, July 6, 1971 2:i0 PM - Mr. Rendall called with regard to the bilateral memo he delivered to you on Friday, relating to WP-3. He wanted your attention particularly called to the reshuffle in the Japanese Cabinet and to the fact that the names of Fukuda appears in this memo as Finance Foreign Minister. Mr. Fukuda is now the new/Minister and the new Finance Minister is now Mizuta. 3:45 PM - Cornelius Smith, of Smith, Barney & Co., called saying he had sent you a copy of his resume, after a copy had been sent to you by Penn James. Evidently Mr. MacLaury talked to Mr. Smith but he has heard anything definitive and said he has been offered another opportunity to which he is obliged to respond by Friday of this week. He did not want to respond to the other offer without knowing whether you had any interest in him or whether there were any prospects for him at Treasury. His phone in NYC is 333-4528 4:45 PM - Mr. Miller called to lay that he has a report on Mr. Doesey's availabilities. 4:55 PM - Mr. Petty called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for Dulles. (2219) He would like to see you before you leave (2524. Messages for Mr. Volcker "' July 2, 1971 1 11:00 AM - Mary Finnerty, after struggling around to find a satisfactory set of dates for meetings of the Mutual Savings Banks Cmte. and the S & L Cmte. with the Treasury financing group, has hit upon the following, which are all right as far as your calendar is concerned: Thurs., Oct. 7 -- Mutual Savings Banks Cmte. Thurs., Oct. 14 -- S. & L. Cmte. 11:10 AM - Mr. Dale called to check your calendar for this afternoon and then called back and said Mr. Southard can see you at 5:00 PM. He said Mr. Southard is inviting Messrs. Gold and Polak to be present. Mr. Dale said he would probably come over and ride to the Fund with you because he wants to talk to you about Pakistan, about which Mr. Petty will probably be calling you. 11:25 PM - Mr. Dederick called from Chicago. He expects to be in his talk with you. office until 12:30 p.m. and would like to A.C. 312-346-550, Ext. 462. 11:50 AM - Deane Hinton called and would like you to call him. 12:30 FM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Derek Mitchell called. He asked that his call be returned. (He is laving for lunch at 1:00 p.m. - and will be back in his office about 2:60 pm.) (181-3186) Messages for Mr, Volcker - 2 - Friday, July 2, 1971 2:25 PM - Penn James Secretary called to say that he would like to have about 15 mine with you the early part of next week. I gave him 11:00 a.m. on Tuesday, July 6. /1 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis is the July 4 Govt. holiday.) YES (Monday (7/5) Is it all right to confirm? NO July 2, 1971 Messages for Mr. Volcker 4:25 PM - Mr. Dixon checked with a Col. Stuart and said there is http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis nothing at all available; all of the major aircraft are assigned to Agnew -- he has two -- Hardin has one -- and the Secy. of Defense has one. They have one aircraft left for emergency use and that is assigned to the WhikaxMmusaixfoirxtkeixxlmix mmiyx President for White House use only. Mr. Dixon asked if any foreign military aircraft might be coming this way -they sometimes help one another out -- and he said absolutely no chance on that. Col Stuart said they only send top officials into Paris because the French have become so sticky; they put on a heavy airport fee and our military have taken out the small maintenance crew we used to have at Orly. If anything comes up, Col Stuart will let Mr. Dixon know, but he does not think it is likely. Messages for Mr. Volcker - 3 - July 2, 1971 5:05 PM - Mr. Bob Holland of the Fed Board called and said you wanted the Fed to do some things and Mr. Holland is going on vacation and needs to talk to you tonight to tell you some of the things that go with it. He expects to be in his office probably until midnight getting his desk cleared to go on vacation and he needs officially to talk to you today in order to get done what you iwant done. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 147 - 3761 Page Nelson would like to talk to you about the Reuters ticker rental before you answer Mr. Brumley. on Tuesday morning. He is hoping to see you • Messages for Mc. Volcker REMINDER: 8:50 AM - - Thursday, July 1, 1971 1 Call Gov. Daane. Gov. Daane called. He said he had talked with Zijlstra and had better talk with you. He is at home and will leave for Richmond from homo. 9:30 AM - Mr. Petty's office called to say that he will be leaving Treasury at 3:00 p.m0 today for Tuxedo Park, N.Y. - and will return to his office Tuesday morning, July 6. 9:40 AM - Dr. Walker is leaving Treasury at 12:00 noon tomorrow -- and you will be Acting Secretary from that time. Blanche was unable to say whether Dr. Walker was going to be away the entire July 4th weekend - but will call back after she has spoken with him. CAL. NOTED. 10:40 AM - Mr. Auten said he has now looked over the material on the devaluation question you asked him last evening and probably knows as much as he ever will, so he is ready to talk to you whenever you are ready, 11:15 AM - Mr. Coombs called upixiaitx*Eig you but his secy. said he would be going into a meeting at 11:30 so they will call again when he is free. 11:20 AM - Rocco Scicilliano (formerly Under Secy. of State), President http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of IT Corp , a title insurance co. in Los AngelesR, called and would like you to call him. AC 213 - 626-9210 • • Messages for Mr. Volcker - 2 - July 1, 1971 11:50 AM - Mr. McCamey, after trying to set up a meeting of the US delegation to WP-3 for next Tuesday morning (because some members are leaving from Dulles at 5:45) ran into problems because Mr. Houthakker had something with the President in the morning -- so Mr. McCamey is scheduling the meeting for 2:00 PM on Tues. Cal. Clear. 1:50 PM _ 2xfak PM - Mr. Siciliano called again from Los Angeles. His secretary said he was leaving his office shortly and was very antous to talk with you. ix-oix A.C.213 -626-9210. 2:30 FM - Mr. Dederich called from Chicago. He will be in his office at Northern Trust until 4:00 p.m. -- and asked that his call be returned. 3:15 PM - Mr. Willis would like to talk with you on the phone at your convenience. 4:10 PM - A. C. 312-346-5500 - Ext. 462. (5334) Ed Gordon called to inquire whether you would like someone to sit in on the Rickett meeting tomorrow at 11:00 a.m. to take notes. Shall we ask Mr. Gordon to attend? YES (2373) 3:20 PM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ;></\ NO Hirschtritt would like to see you, ..44.441-itA;
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