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1 THE DEPARTMENT OF THE TREA SURY POSTAGE A ND FEES PA ID THE DEPAR TMENT OF TH E TREASURY WASHINGTON , D. C. 20220 U.S.MA) IL OFFICIAL BUSI NESS PENALTY FOR PRIVATE USE. $300 FIRST CLASS RARXWAXxXA MESSAGE SHEE TS - JAN. 1, 1 972 - JUNE 30,19 72. (MR. VOLCKER) 44 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Collection: Paul A. Volcker Papers Call Number: MC279 Box 21 Preferred Citation: Telephone Messages: January-June 1972; 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/c261 and https://fraser.sdouisfed.org/archival/5297 The digitization ofthis collection was made possible by the Federal Reserve Bank of St. Louis. From the collections of the Seeley G. Mudd Manuscript Library, Princeton, NJ These documents can only be used for educational and research purposes ("fair use") as per United States copyright law. 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Mudd Manuscript Library 65 Olden Street Princeton, NJ 08540 609-258-6345 609-258-3385 (fax) mudd@princeton.edu http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr.Volcker 1 Friday, June 30, 1972 REMINDER:1)Call Mr. McGinnis. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (A.C.212-9432)Return Frank Saul's call of Wed., June 28 3300). yesterday. 3) Return Mr. Brecht's call of Friday, June 30, 1972 Messages for Mr. Volcker 10:15 AM - Mr. Eberle called for an appointment with you on Wed.,Thurs. or Friday of next week. (His secretary(aas unable to say what he wanted to see you about.) Wednesday, July 5. I gave him 12:00 noon on (ON CAL) -Mr. Bennett asked to see you sometime after your return from 10:50 AM your 11:00 a.m. meeting. 11:10 AM - Mr NOTE: Brecht called. Please rtturn call, 5391 - Should you return before your luncheon with Mr.Wieczorowski, Mr. Bennett mentioned the fact that he had seen him twice this past week and could pass on some information to you that might be pertinent. State Under Secretary Irwin called, 1:00 P Please return call. P101-29640 2:1i http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Mr, Bennett would like to see you when you are free. • Messages for Mr. Volcker Thursday, June 29, 1972 11:00 AM - Mr. van Batenburg called with the message that Marshall Mays, General Counsel, OPIC, will call you at 5:15 PM this afternoon for a vote on the Kennecott settlement. (He has already contacted and received the votes from most of the other directors.) Mr. van Batenburg said he should have a memo to lilert'' you by about I4-0144,-PM with some background information. NOTE: - Mr. Weber said you wanted tokalk with Jude Wanniski, of the Editorial Staff, Wall Street Journal. (A.C. 212-285-5280). the time for 11:30 AM - Ambassador Ortona's secretary called to say that/his farewell http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis . - 1 _ luncheon for Mr. and Mrs. Nathaniel Samuels on Thursday, July 6, has been changed from 1:00 pm to 12:45 pm.-- CAL.NOTED. Messages for Mr. Volcker MD 1 Thursday, June 29, 1972 ..••• 9:20 AM - Mr. McGinnis stopped by and asked that you be given the White Crosswhite message that he strongly recommends that Clyde/Whitetxass sit in on the visit of the Turkish Ambassador, if you see him, on the (or Mr. Bennett), since he has been in/negotiations with the military sales part of it and has all of the background. be 9:25 AM - Mr. Mallard will/in alone-- and a little late (about 10:15 AM). 10:00 AM - The ExImBank meeting in the Secretary's office is scheduled for 4:00 P.M. this afternoon. NOTE: ON CAL. - I have called Mr. Polak's office at the Fund and left the a message for Mr. Machlup to call. 3:00 PM this afternoon. I will reschedule him for ON CAL. 10:05 AM - Mr. Weber called to ask whether you might see David Watt of the London Financial Times at either11:30 AM or 2:00 PM today since Mr. Watt will be leaving Washington for London this weekend. his 11:00 AM appointment with (We had to cancel you this past Monday.) See him at 11:30 AM 2:00 PM Other (Mr. Weber - 2615) 10:06 AM - Secy's Operator called to say there will be a full staff meeting tomorrow in Room 4426. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Would you like Mr. Crosswhi with the Turkish Ambassado ON CAL. to attend the 12:30 PM meeting YES NO Messages for Mr. Volcker Thursday, June 29, 1972 _ 3 _ instead of 3:00 p.m. 2:30 PM - Prof. Machlup will be in at 5:00 p.m. CAL. NOTED. what sthe Secrwtary 2:35 PM - Barbara called again to say that to him on the wanted was an updated statement from you international monetary situation OM MU which he can discuss s conference with the President prior to the President's pres at 9:00 p.m. tonight. NOTE: him. Mr. Bennett stopped by and I mentioned this to He t. is asking Mr. Nelson to get started on a statemen ALSO -- Mr. Bennett needs to see you. He says there are decidims which must be made within the next hour and he needs your advice -- one of which KBROLX concerns n Mr. Bennett's going to Detroit with Secy.Peterso tonight. to talk with you. 2:55 PM - Mr. Herbert Salzman of OPIC anxious http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis is leavi 3:30 PM. 632 He (1,441 by hfr. Volcker 98 Messages for Mr. Volcker - 4 - 4:45 PM - Mr. Brecht called. He asked that his call be returned, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Thursday,June 29, 1972 (5391) 5:00 PM - Mr, McGinnis called. a few minutes. He would like to see you for (2536) 5:45 PM - I spoke with Marshall Mays to let him know that you were out of the office and would return his call as soon as possible. He and Mr. Salzman are standing by -- but he said some of the urgency of the call has passed now -- and they can talk to you in the morning, or else wit this evening until you are free to talk with them. (I explained that you had a visitor waiting.) (Mr. Mays - 101-28582) Messages for Mr. Volcker 9:15 AM - Mr. Bill Dale -1- called. Wednesday, June 28, 1972 Please call him. 181-3067 9:30 AM - Merlyn Trued called to invite you to lunch with him at the San Souci -- today, Friday, or on Wed., Thurs. or Friday of next week Your calendar for lunch is clear on Friday, July 7. \, NO 7 YES accept? Shall we (Ellie Garcia - 128-7235) 9:45 AM - Scott van Batenburg called with the message that the OPIC Board meeting tentatively scheduled at 3:00 p.m. on Thursday, June 29 (Kennecott Claim Settlement) is now cancelled. You will get a telephone call for your approval or disapproval of the matter. Mr. Van Batenburg indicated that you would receive no information ahead of time. 9:50 AM - Mr. Wieczorowski's secretary has suggested that you meet him in his office, Room D-1234 (entrance 1809 G Street, N.W.) for your lunch at the World Bank on Friday, June 30. ON CAL. 10:30 AM - Fritz Machlup called to say that he will be in Washington http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow (Thursday, June 29). He is having lunch at w the Fund; to is talking witiithe Executive Directors and expects to see Mr. Polak He said that if you had time, he would like to drop in in the afternoon. I suggested 4:00 p.m., but he will call from Mr. Polak's office before he starts out for Treasury for a confirmation. ON CAL. - 2 - Messages for Mr, Volcker Wednesday, June 28, 1972 He asked for some time with you 10:45 AM - Mr. Hirschtritt called. to discuss the IMF/World Bank salary question. 5:00 P.M. today. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I suggested (ON CAL. - I had a call from Minerva Vinson this morning who said that Mary Harris had called her to ask for a copy of your remarks about Mae yesterday. She said they both thought that what you said was so exactly right, and wanted to compliment you on your understanding. I told her, as I had told others yesterday, that you spoke from a draft you had prepared as something to go by and from which you took fragments as you talked. Kitty Coleman just called to say another friend had just gotten in touch with her with a similar request. I have a copy of your draft. out? YES Is it all right to give this (or) NO Do you have the original with your additional notes that I retype for this purpose? (or) Shall I say this was a spontaneous talk -- mthtbotrottixixigcanc I ianiAlax10 - from notes -- and not available? 71e-t/to I - 3 - Messages for Mr. Volcker Wednesday, June 28,1872 12:45 PM - Mr. Karasapan, the Turkish Counselor, called to talk with you about an appointment for Amb. Esenbel. The Ambassador is leaving for Turkey on July 5th for consultations and wished to discuss the matter of a large loan for Turkey on military equipment. He is fret from 11:00 a.m. until about 1:00 p.m. and said he nteded only about 1/2 hour. Your calendar is clear. NO YES Do you wish to see the Ambassador? Refer to Mr. Bengett? (Mr. Syyrud cØ supply the background material. - 2896) 3:10 PM WIN . Cates would like to see you for about 5 minutes this afternoon when you have a free minutes. NOTE: - The meeting with the Secretary on Canada which you and Mr. Bennett were to attend at 2:30 p.m. will be rescheduled. (Barbara Otis implied that this would not be during the next two days, since the Secretary did not have the time open on his calendar.) 3:30 PM - Frank Saul of Ft, S. Smithers called. call be returned. 3:40 PM - 4:05 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (A.C.212-943-3300). . Holmes of New York Fed. called,, his call. I/Mro He asked that his Please return (Mr. Bennett took this call.) Bradfield called about an important problem -- concerning the debt ceiling -- which he said must be taken care of before the end of the fiscal year. (8191) Messages for Mr. Volcker - 4 - Wednesday, June 28,1972 4:30 PM - Mr. Flanigan has rescheduled his meeting on textiles for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 11:00 AM on Friday, June 30th, in the Roosevelt Room. Secretary Shultz has asked that thi s invitation to attend be passed on to you. Attending will be: Secretary Peterson, Jules Katz, Rex Beach, Mr. Hormats and Mr. Flanigan. (This meeting had originally been scheduled for June 23 and then cancelled.) ON CAL. Mr. Pelikan's paper is attached. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Tuesday, June 27, 1972 - 1 - Messages for Mr. Volcker Carlock would like to see 11:20 AM - Mr. Bennett, Mr. Adams and Mr. you about a de4,ceeliing problem. this aftefnoon. I gave them 3:30 pm ON CAL. on Canada /has Mr. Bennett) with the Secretary d (an g tin mee r You PM 05 12: this afternoon. ON CAL. been rescheduled for 5:00 p,m0 3:00 PM - to see you for a few Dr. Walker would like to come in Briminer and Mr,Hoyt minutes when your meeting with Gov. breaks up. NOTE: (2801) tion to lunch at Katherine Mallardi extended the invita Gov. Robertson will host if you the Fed Board tomorrow. accept ,4^re-71-e- Shall we say you will attend? YES 7ze4-NO Arrange staff luncheon? (147-201) meeting led with Messrs. Bennett, Adams 4:15 PM - The meeting previous/schedu blem - is now set for and Carlock on the debt ceiling pro r 5:00 pm meeting 6:00 PM - (or on your return from you with the Secy.) ON CAL. Messages for Mr. Volcker 5:30 PM - -2- Tuesday, June 27, 1972 Mr. Meissner has a 4:00 PM appointment tomorrow to discuss personnel. (ON CAL.) 5:45 PM - Barbara Otis has rescheduled the meet ing with you, Mr.Bennett http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and the Secretary for 2:30 p.m. tomorrow (Wed nesday) - on Canada. CAL. NOTED. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages fr Mr. Volcker Monday, June 26, 1972 -1- 10:50 AM - Mr. Henry Kearns, Export-Import Bank, called. 128-21131. Please return the call. 9:00 AM -(_Mr. Wieczorowski called. returned., 9:10 AM He asked that his call be (181-2776) t Mr. Adams's lut request, I have scheduled a Treasury Financing for 3:30 PM. ON CAL. Messages for Mr. Volcker - 2 - Monday, June 26, 1972 1:30 PM -t.-Mr. Adams woul d like to see you on yo ur return. (5806) 2:00 PM - The Secretary just returned. Barbara suggested that we call her on your return to see if the Secretar y is free. (2533) 2:35 PM -Mr. Adams would like to se e you on your return. 2:36 PM - Mr. Bennett would like to see you on your return. 3:35 PM - The Secretary has as ked you and Mr. Bennett to meet with on Tuesday, June 27 him at 11:00 AM in his of fice/on Canada. ON CAL. (NOTE: FNMA Board meets at 9: 30 AM) 4:00 PM - Mr. Finkel aske d that you be given the messag e that the Secretary is meeting with Or tiz Mena at 4:30 p.m. tomorr ow, (Tues.,June 27); also the Se cretary is seeing Mr.Kea rns at 10:00 AM on Tuesday. 4:30 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Mr. Van Batenburg called to say that the OPIC Bo ard meeting on Kennecott has now be en tentatively set fo r 3:00 p.m. on Thursday, June 29/ Th e Board may try to ha ndle the decision on the claim settlement by phone. Mr. van Ba tenburg mentioned the fact that no background materi al has been provided so far. CAL, NOTED. Messages for Mr. Volcker - 1 Saturday, June 24, 1972 - 12:15 - Mr. Adams asked whether you want to consider further the advance refunding for announcement on Monday; and, if so, to let him know and he will arrange a meeting of the financing group on Monday. YES - NO 4.: 2:00 PM - Lee Cohn of the Washington Star called, to talk about http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis monetary matters. (484-4280 or 5000) He asked thathis call be returned. Messages for Mr, Volcker 9:15 AM - Mr. Kearns called. Friday, June 23, 1972 He asked that his call be returned. (128-21131) 9:20 AM - Frazar Wilde called. He will call again. 10:20 AM - Mr0 Saul of F.S. Smithers in New York called. Please return che call (212) 943-3300. 10:55 AM - Mr. Wieczorowski called. He asked that his call be returned. (181-2776) 12:05 PM - Under Secretary Irwin, State call ed. Please return call on 632-9640. 1:15 PM - Mr. Cross talked to Mr. Korp who said that Ossola is leaving for Paris tonight at RXXXXXVOIXRMXXX0 XX 8:45 PM. He will be in touch with McGrew if there is anything. Ossola staying at the Intercon tinental. Mr. Korp's new home address: Hotel Parco di Principe-Rome. 2:10 PM -Mr. Bennett has some messages. IMPORTANT. 12:30 PM - Leonard Silk called. He asked that his call be returned. (A.C. 212-556-1791) 2:15 PM - Mr. Flanigan's secretary has advised that the 3:00 P.M. meeting scheduled for today had been cancelled. 2:20 FM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -Scott Van Batenburg has been informed that OPIC may meet June 28, 29 or 30 to submit a settlement to the Board for approval of the Kennecott Copper question. (Cal. Noted.) %IP Friday, June 23, 1972 -2- Messages for Mr. Volcker 3:15 PM -44r. Sam Cross would like to see you -Aat 9:30 AM (?) (5081) 4:15 PM - OPIC Board of Directors Meeting Thursday, June 29,/(1129 20th St) Special Meeting to approve Kennecott Copper claims with OPIC. Meeting to last one hour. Paper to come Thursday morning. ON CAL. (Scott Van Batenburg) (*WL1A check time Monday.) 4:30 - PM - Mr. Bart Rowan, Washington Post, called. call him. Please 223-7323 5:00 PM - The Secretary to Amb. Ortona called to extend an invitation to farewell you and Mrs. Volcker to a/luncheon by the Ambassador (Mrs. Ortona http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis may be away) for Mr, and Mrs. Nathanial Samuels on Thursday, July 6, at 1:00 pm., at the residence, 2700 - 16th St,, N.W. / Your calendar is clear. 7\ ACCEPT / (Mrs. Ziobro REGRET 234-1935) Z.. Messages for Mr. Volcker - 1 - 9:35 AM - Mr. Wieczorowski called. He asked that his call be returnede Thursday, June 22,1972 (181-2776) 9:50 AM - The Secretary is having a closed luncheon in the Dining Room today. 10:50 AM- Peter Towe's secretary called and asked that the 10:00 a.m. appointment which hac;\been arranged on Friday, June 23, be cancelled - and he has instead suggested lunch one day this week or next. Your calendar is clear on Thursday, June 29. Is it all right to say you will lunch with him then? i2x2OxiNxxxMxxxexosgwkitmxiza/ad NO OTHER (785-1400) 11:30 AM - Mr. Widenmann called. (N.Je Operator No. 7 11:45 AM - Gov. Daane called. He asked that his call be returned. - A.C. 201-744-6611) He will call again 3:30 pcm. 12:20 PM - Mr. Crosswhite called concerning the foreign military sales http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis credit for Turkey. He has just learned that Secretary Rogers intends to call Secy. Shultz asking for a lower interest rate on this credit. Mr. Crosswhite would like to talk with you as soon as possible -- before Mre Rogers talks to Mr. Shultz, if possible. (8241) NOTE: He is standing by until he hears from you. I informed Mr. Bennett of Mr. Crosswhite's call and Mr.Bennett has suggested that he discuss this with him. 1 Messages for Mr. Volcker - 2 - Thursday, June 22, 1972 12:55 FM - Mr. Bennett would like to see you on your return from the Hill. 2:30 PM --Mr.Nelson 3:20 PM would like to discuss the market with you. (2884) - Mr. Pelikan (at Mr. Bennett's suggestion) is going to see if he might get some background material for Mr. Flanigan's meeting at 3:00 p.m. on Friday. He said this could concern the negotiations d getting under way in Geneva; or possibly Mr. Flanigan has some new ideas. 4:00 PM - Mr. Towe l s secretary called to say that what Mr. Towe needs to discuss with you (IDB) cannot wait until a luncheon meetin g on Thursday, June 29. We have given him an appointment with you on Monday, June 26, at 10:00 AM. (ON CAL.) 4:25 PM - Mr. Pelikan called to say that he does have some inform ation http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for your meeting tomorrow at 3:00 p.m. on The President's Textile Import Program Possible FuiUg Actions -- and will have this to you in the morning. Messages for Mr. Volcker - 1 - Wednesday, June 21, 1972 wanted tQltalk with 10:00 AM - Barbara Otis called to say the Secretary you. She said she would call Mr. Bennett when she heard you were on the Hill. 10:15 AM-- Mr. Peter Gilsey called, please return call 298-7830 10:20 AM-- Mr. Frederick C. Farnsworth, Senior VP of Second Distrist Securities Co., Inc. New York, stopped by to say hello. He had an appointment with Mr. Adams. 11:55 AM - Governor Dane called. Leaving for Boston. May call later today. 12:00 M - Mr. Bennett is anxious to talk with you, 12:05 PM - Mr. Nelson called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis active (5848) He said the exchange market is pretty He would like to talk with you and asked that his call be returned. (2884) gki • Messages for Mr. Volcker - 2 - Wednesday, June 21, 1972 12:10 FM - Gene Knorr's secretary called and asked that we put a "HOLD" on 2:00 p.m. on Tuesday, June 27th, when you have agreed to testify for the Secretary before the House Foreign Affairs Committee (Secretary also agreed)-(Chairman Morgan) -- in Room 2170 of the Rayburn House Office Bldg. She was unable to give me further details on the subject, but will provide as soon as possible. (ON CAL.) NOTE: At 2:30 PM, on Tuesday, June 27, a meeting has been arranged in your office with Gov. Brimmer, Mr.Hoyt (OFDI) Mr. Bennett - on "medium-term" planning for capital controls. (This was arranged by Mr. Hoyt.) I will reschedule this. 1:00 PM - You agreed to an interview by David Watt of the London Financial Times -- and I have given him 11:00 a.m. on Monday, June 26. 2:00 PM - (ON CAL.) I have scheduled the Treasury Financing Group for a meeting with you at 2:00 p.m. on Thursday, June 22. 2:30 ON CAL. I have given Mr. Hirschtritt - 4:00 PM on Thursday, June 22 (to discuss draft resolution on IMF Exec.Dir. remuneration). ON CAL. 3:00 PM -1 Mr. Meissner asked for about 10 min C ejyta http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis office needs and persçeTL actions. on ThursdayJ1ine 22. ON CAL. th you to discuss I given him 5:00 pm Messages for Mr. Volcker Wednesday, June 21:72 - 3 - 3:30 FM - Mr. Loken's secretary (he is on Peter Flanigan's staff) called to invitetyou to a meeting at 3:00 p.m. on Friday, June 23 ••111. (to last about lk hrs) in Mr. Flanigan's office on "The President's Textile Import Program ••• •••• Possible Future Actions." Mr. Shultz was scheduled to attend this meeting, and since he has a conflict has suggested that you attend in his place. (I have asked for whatever background material might be available.) 4:00 P4i /7d?-6e-Mc ft' j, ma eter Tawe asked for an a .-7---cheduled him f. ntmen -with you -- and I have 10:00-.m. on Friday, June 23. ON CAL. I NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - REMINDER: Return Peter Gilsey's call (10:15 AM).(298-7830) r' / Tuesday, June 20, 1972 Messages for Mr. Volcker 2:00 PM - Mr. Wieczorowski called and asked that his call be returned. (2776-181) Fed 2:30 PM - Chairman Burns will host the/luncheon tomorrow (Wednesday) and has extended the invitation to you. Messrs. Bennett, Adams, Snyder and Auten are free to accompany you. Shall I accept? YES --- -zi-...,z-4. .--, %P. (Katherine - 147-201) ,NO , ,, ; 3:00 PM - Mr, MacLaury called to say that he is counting on you for the luncheon speaker at the Annual Meeting of the Minn. Economic Assoc. in St. Paul on Friday, October 27; and alo your participatinn in the "Baconian Dialogues" seminar on Saturday morning, October 28 in Mpls. -- both of which you had agreed verbally to do when Mr. MacLaury was in the office several weeks ago. I told him we had the two dates noted on your calendar. NOTE: I have confirmed your luncheon with Mr. Schweitzer to his secretary for 1:00 p.m., on Friday, June 23. CAL. NOTED. (She will call with the information as to where to meet -most likely in his office. 5:00 PM - Larry Brady of Mr. Flanigan's office, called and asked that you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be given the message that Mr. Flanigan will not be able to participate in the Republican Conference seminar tomorrow, Wednesday, June 21. Instead Mr. Eberle will do both the Overview at 9:30 AM, and will also follow you/on Trade Reform. He will do both. Messages for Mr. Volcker NOTE: - Tuesday, June 20, 1972 - Professor Frederick Amling of George Washington Universi ty and Investment and Economics Consultant to Riggs Bank, called to say that he was planning a trip this summer -- July 20th through August 16th.d to talk to central bankers in Fra nce, Germany, Switzerland, England and Amsterdam for their view s of the economy of the U.S. and the prospects for internat ional monetary reform, and the stock market in general. He said former Chairman Martin is giving him a letter of introduction to the central banks •M• and.wondered whether, while he was in Europe, you would be particularly interested TAR in any questions on internationae affairs that Professor Amling might raise to get answers to from a differen t point of view. In combination with his trip for Riggs, he aske d whether he might be of some service to the Treasury. If the Professor can't do anything for you, are there any questions you might suggest for his discussions. His number at the University is 676-6670. Do you wish to talk with him? Refer his ckll to Mr. Bennett? a http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis YES NO - 1 - Messages for Mr c Volcker 9.10 AM - Asst. Secy of State Green called Monday, June 19, 1972 He would like to give you the results of his working luncheon with Mr. McNamara on Thursday (position of China in the IFI's), and asked that his call be returned. Friday afternoon.) NOTE: (He had also tried to reach you on (632-9fili 9596) His secretary said Mr. Green is leaving for Dulles at 10:30 AM this morning for the Far East - not tomturn until July 7. Also, Messrs. Lang, Bradfield and Hirschtritt are coming in at 10:00 to discuss the same subject. talk with 9:50 AM - I contacted Mr. Lang and suggested that he might http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Greenht,since you had not come in yet. Mr.Lang has talked with him and taken a message from you. He and Mr. Bradfield are standing by in Mr. Bradfield's office, Monday, June 19, 1972 Messages for Mr. Volcker - 2 - 10:30 AM - Jim Smith stopped by. He said you ought to consider partici- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis pating in the seminar on Foreign Economic Policy scheduled for Wildmasdkay Wednesday, June 21, on the Hill, with all Republican members of the House -- and in vilich Messrs. Flanigan and Eberle are participating. This was an invitation extended to you on May 25 by Carol Stitt, Director of the Task Force on International Economic Policy of the Republican Conference. Mr. Smith would like to talk with you on the phone about this° NOTE: (2038) Miss Stitt called again on Thursday, June 15 about the seminar. (Message sheet on your desk) _ 3 _ Messages for Mr. Volcker Monday, June 19,1972 12:40 PM - Barbara Otis called to say that the Secretary is seeing Dr. Walker and Mr- Flanigan at 6:15 FM this afternoon to discuss Iraq, and since you had expressed an interest thought you might like to attend. ON CAL. 1:05 FM - Mr. Wieczorowski called to discuss Iraq, and asked that his call be returned. (181-2776) 3:00 PM - M . Schweitzer's secretary called concerning your meeting 77 with Mr. Schweitzer sometime tomorrow (as you had discussed earlier today). Tuesday° NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis This has been scheduled for 11:45 AM on ON CAL. - There has been another call from Jim Smith's office with the message that there will be a luncheon immediately following of the Republican Conf.seminar on Wed., June 21, the morning session/(9:30 AM to 12:00 Noon) -- at the Capitol Hill Club, 75 C Street, SE -- to which you and Mr. Cross are also invited. The suggestion was/made that it might be a good idea for the afternoon substitute to attend the latter part of the morning session so as to be informed as to what you said. Mr. Cross said in that case he will just accompany you to the Hill in the morning, and he will not stay for lunch unless there is some reason why he should. On your calendar, there is the possible Wed. luncheon at the Fed Board. REGRET Do you wish to ACCEPT the luncheon invitation by the Republican Conference at the Capitol Hill Club? (Dolores - 2038) A Messages for Mr. Volcker - 4 - Monday,June 19, 1972 3:25 FM Ol[r. Cates would like to see you about Treasury Attache problems and Russia. 4:00 PM - Goa. Daane called. (8243) He asked that his call be returned. (147-211) 5:30 PM - Mr. Carlock asked to see you for a few minutes tomorrow morning (Tuesday, June 20). Is it all right to call him whe n you have returned from the 8:45 AM Staff meeting? YES NO (2112) 6:00 PM - Mr. Dale is standing by in his off ice until you are ready to see him this evening. (I told him you had a 6:15 pm meeting with the Secretary - and didn't kno w how long that would last.) - (181-3067) He 6:50 PM - Gov, Daane called again. /expects to be in his office until http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis about 7:15 PM. If he doesn't hear from you by the n, will call again since he will be out for the evening. Messages for Mr. Volcker - 2 - Mon-Fri June 12-16,1972 Tuesday, June 13 1:30 PM - Barbara, Mr. Shultz' secretary, called to say that Mr, Schweitzer called for an appointment, and the Secy0 would like him "unless you had some strong objections." I told her you were away this week and could be reached by phone if she thought it necess ary. She said she didn't thi nk there was any need to call you - and arrangements have been made for Mr. Schweitzer to lunch with the Secretary in the Secy's Dining Room. at 1:00 p.m. on Monday, June 19. have been invited to join theme You ON CAL. Thursday, June 15 11:45 A14- Dr0 Walker's office called concerning Dr. David Ramson of http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis OMB with the suggestion that, at Dr. Walker's request, we • arrange a time for Mr. Ramson to come in to see you so that you might get acquainted wit h him with a view toward his bei ng placed in some capacity in Tre asury. Blanche didn't know any of Dr. Ramson's background at OMB and she suggested I talk with Ron Brooks (Mr.Shult z' Exec.Asst.). I called an economist, Mr. Brooks who advised tha t Dr. Ramson/is Special Asst0 to the Economist (Arthur Laffer) at OMB as a full time Consultant;, that he, Mr. Brooks and Mr. Arthur Laffer had worked together at OMB. I gave Dr. Ramson 5:00 p.m. on Mon day, June 19.0N CAL, Messages for Mr. Volcker - 3 - June 12 - 16, 1972 Friday, June 16 11:15 AM -Gov. Daane called and said he was out of Board for a minute, he knew you were back in town and wondered if you were in the office. I said you were not. He said if you should come in to tell you he is anxious to have a word with you. 12:15 PM L-..yr. Adams asked for a time Monday afternoon for a financing meeting. After looking at your calendar, he selected 3:30 3:30 PM - Asst. Secy, of State Green called you; I told his secy. you were http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis trying to get a few days of rest and asked if anyone else ould help She said he had lunch yesterday with Mr. McNamara and needed to talk to you about maintaining the position of the Republic of China in the IFI's -- she said she thought you were the one calling the shots on this, there were some political problems and something needed to be decided. I said we were trying to keep calls to you to a bare minimum and asked if it were possible Mr. Green could talk to you on Monday. She said he was leaving tonight and would be away for two weeks; she doubted he could send you a note about this and might still want to talk to you on the phone. I immediately called Mr. Finkel, told him about the call and asked if it were all right to leave it up to Mr. Green to make another overture. He said it was. Mr. Lang called and asked if he, Mr About half an hour later Bradfield, and Mr. - 4 - Messages for Mr. Volcker June 12 - 16, 1972 to talk Hirschtritt might see you early Monday morning, about this same matter. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I suggested 10:00 AM. ed if you would be When I was talking with Mr. Finkel, he ask brief courtesy call free around 4:00 PM on Monday to receive a the Treasury of Liberia. from Charles Sherman, former Secretary of Bank -- they don't need He is here on a mission for the African Bank but simply need to have you talk to Mr. Sherman about the rman briefly, someone at a high level to receive Mr. She I told coming in at 3:30 , but, Mr. Finkel you had your financing group n, perhaps the financing if you're willing to receive Mr. Sherma office and you could meeting could be held in Mr. Bennett's Sherman in your office. excuse yourself briefly to receive Mr. Would this be agreeable? YES OTHER Pf Messages for Mr. Volcker REMINDER: - 1 Thursday, July 13, 1972 - Talk with Mr. Hennessy about personnel matters. 9:20 AM - Mr. Nelson asked if you would return his call, 2884 9:25 AM - Mr. Bennett would like to see you on your return to the office. 9.30 AM - Robert Morris of Mr. Flanigan's staff called to say that the same group which had met with Mr. Flanigan on the OECD High Level Group Report last Friday (in the Cabinet Room at the White House) has been scheduled to meet again at 10:00 a.m. tomorrow (Friday, July 14), in Room 208, Old EOB. (Mr. Morris indicated that STR will distribute thitxtRxtxof a document at the meeting. -- He also said that if you were unable to attend, to inform Cmdr. Lenz (145-2937) of the Treasury representative who would attend for you. Your calendar is clear. CAL NOTED. Shall we say you will attend? YES NO OTHER Worthington ritgaiKffair and Mr.Cross informed of scheduled meeting. ) NOTE: may Mr. Lange wiii/not attend your meeting with Chinese Fin.Min. Li at 11:15 AM this morning. He is in the hospital with a dislocated shoulder, in the emergency room, and may notximt xhaukxfoxxpluxxiiiiRxAMxmlaRtiligx reach Treasury in time. Mr. Hirschtritt has been advised. 10:05 AM - Gov. Daane called. He asked that his call be returned. 10:10 AM - Mr. Adams would like to see you for a few minutes. 10:12 AM - Ed Cohen called and asked that his call be returned. (5363) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 2 - Thursday, July 13, 1972 meet you at . Towe l s secretary called to say that he will 10:40 AM for lunch today. the II Continents (1st Fl.), Washington Hotel, some ed to see you for a few minutes for need he said ett Benn . .4)kr AM 10:45 for. h the Secy. if waiting whic information for the Secretary.-n. 10:46 AM--\00ov. Daane called agai He wondered whether he might have a your 11:15 am visitor. minute with you on the phone before ng Japanese 12:15 PM - Barbara Otis called to say that the Secretary is seei Amb. Ushiba at 11:30 AM ON Monday, July 17, and wanted to have an hour's briefing from you and Mr. Bennett prior to Monday. She has scheduled this for 5:00 p.m. on Friday, July 14. ON CAL. et. (2884) 12:20 PM - Mr. Nelson called to give you a wrap-up on the mark NOTE: interest - I had informed Jerry Newman of Swiss Amb. Schnyder's in seeing you before he leaves for his vacation in Switzerland. at the Mr. Newman said he had spoken with the Economics Minister of Embassy who said the Ambassador makes a traditional practice visiting senior U.S. officials before leaving Washington so that a he can pass on the latest thinking in Washington -- and/sort of a tour d-horizon. Is it all right to give the Ambassador an appointment on / i /t Friday, July 21? "* •••••••••=1•10.......... YES NO Economics Minister would accompany him; would you like at http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Jerry Newman to attend? 9-Ullman- HO-2-1811) YES NO ./r Messages for Mr. Volcker i; Thursday, July 12, 1972 - 3 - 12:50 FM -tMessage from Secretary's Operator -- There will be a staff meeting at 8:45 AM tomorrow (Friday). 1:10 PM CAL. NOCED. . Peter Gilsey asked if you would return his call 298-7830 4:15 PM - Barbara Otis called to inform you that Professor Charles http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Kindleberger is meeting with the Secretary at 9:00 a.m. on Saturday, July 15. The Secretary suggested that if you would like to -- this is your decision -- you might stop by and join them at 10:30 a.m. He said you would be very7elcome, but he didn't want you to feel that you need to. It's up to you. Shall I tell Barbara you will attiamixtim join the Secy's meeting with Professor Kindleberger at 10:30 AM.? YES )K_ NO Mr. Vocker's Messages 6:20 PM - Mr. Dale called. Thursday, July 13, 192 -4- He will call you tomorrow re Canada Wants you to know it is reassuring. 6:30 PM - Barbara Otis will be in touch with the Secretary tonight and will let him know you wish to speak with him. He may call you at home. 6.35 PM - Mrs. Volcker called. Could you please come home tonight via the Emery Freight office at National Airport and pick up the lobsters she has ordered. They will be at the Emery office sometime after 7:30 PM. She will check at that time to make sure they are there before you leavec http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Messages for Mr, Volcker - 11:00 AM JA/r. Kearns called. 1 Wednesday, July 12,1972 - He asked that his call be returned should you come into the office this afternoon. (128-21131) 11:45 AM . 27 M . Nelson called to give you a report on some activity in the exchange market -- but he will be talking to Mr. Bennett who will pass the information on to you this afternoon if you call in. 2:50 PM - Nt. Pelikan would like to see you for a few minutes this afternoon, He will call back around 5:30 to see if this is possible, 3:00 PM - 5617 LeeCohn of the Washington Star called. He asked for an appoint international ment with you to talk about tkR/monetary matters. Shall we arrange an appointment for him? f/140.,- k NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis A0016-0-tioA,00, YES NO (484-4280 or 5000) -L,The Secretary has agreed to see Helmuth Schmidt at 3:45 PM on Thursday, July 20. Ossola talked inadvertently with Dr. Walker this morning. (The Operator thought he asked for him.) OxxxWaikitxxiliti Dr. Ossola wanted to talk with you to confirm his Washington appointment. Mr, Cross. The information was passed on to Mr. Bennett and Mr. Bennett asked that we put him down for 4:00 pm on Wednesday, July 19, to see the Secretary; and also mentioned that this could be changed to a later time since the Secretary was going to talk with Dr. Ossola this afternoon. ON CAL. June 12, 1972 - 1 - Messages for Mr. Volcker 9:50 AM - Our Information Office called to say that Secy. Shultz will preside at the swearing in at 3:00 PM this afternoon in 4121 of Dr. Walker as Depy. Secy., Mr. Cohen as Under 3ecy., and Mr. Henkel as Chief Counsel of Internal Revenue, and Secy. Shultz would like you to attend. 9:50 AM - James Smith, Administrator of Farmers Home Administration, called and would like to speak to you on the phone. 111 - 7967. 10:50 AM - Mr. Finkel called and needs a couple of minutes with you on the phone before you get away today. 2067 10:55 AM - Mr. Cates called to ask about the status of the memo and materials on Mr. Flanigan's memo on trade negotiation objectives that Mr. Willis sent in to you Friday evening. I told him it was on your desk. Mr. Pelikan immediately thereafter called and asked the same question and said to tell you that Mr. Willis had worked closely with him (Pelikan) on our comments and, in Mr. Willis' absence, Mr. Pelikan is available if you wish to see him about this. 11:15 AM - Mr. McNamara at the World Bank called and would like you to call him. 181 - 2001 11:30 AM - Mr. Nelson called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He would like to talk with you about and asked that his the market -- and Canada, particularly, call be returned. (2884) Messages for Mr, Volcker - 2 - June 12, 1972 11:30 AM - Mr. James Holmes, of the insurance office, called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he had a struggle with Aetna to keep the amount of insurance on your home at $70,000 but they finally agreed provided we put on axn an inflation safeguard endorsement, which will increase the premium about $21 annually above the amount Mr. Holmes had quoted you. He said you also told him to bind you, if he could, with an excess personal liability policy for $1 million, and he has been able to do this, not with Aetna but with a Minnesota firm, as of the date of the home owners' policy renewal -- tomorrow -- he had told you w he thought this would be $70 a year but he thimkaxwi thinks it will be a little less than that. Mr. Holmes is having the original of the home owners policy mailed to the trust holder, as customary, and is sending you a full copy for your records at home. With respect to the $1 million policy, he still is hoping to see your automobile policy; he agreed with the Minnesota company to the $100,000 liability coverage you now have on your homeowners (the $70,000 is fire insurance); you will need to have liability coverage under your automobile policy of $100 $300 thousand for bodily injury and $50,000 property damag e. still wants to see the automobile policy. (363-2984) He Messages for Mr. Volcker - 1 - Thursday, June 8, 1972 9:30 AM - Note from Executive Secretariat: Dr. Walker is leaving Treasury at noon today and will be away tomorrow (Friday). You will be Acting Secretary during this period, and also over the weekend since Dr. Walker will be away from Washington dlen. He is expected back in his office on Monday morning. 9:55 AM - Gottfried Haberler called and would like to talk with you. He wPa at his desk ia-Treasury on Extension 5616 until noon and at home this afternoon - Phone: 244-1774. 10:00 AM - Mr. Pelikan would like to see you about STR's proposal to be http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tabled on Monday concerning GATT elimination of all duties and some nontariff barriers. 5617 Messages for Mr. Volcker called 11:50 AM - Mr. Frisby, in the Washington office of Chase I. and said Jim Phelan, Vice President, and Bob Bloomquist, Sr. Vice President, both of the Intl. Department, will be in Washington on Monday and Tuesday, June 26 and 27, and g ht have lunch with them on one of those wondered if you mi• • see you for 45 minutes I. ys or, failin• g that, if they might Your cal. is clear to an hour sometime during those I. for lunch on Monday, June 26. ct ACCEPT FOR LUNCH ON THE 26TH , ' kWttf^ OTHER A1/4-1 ' (Mr. Frisby - 833-1070) 12:15 PM - Mr. Nelson called and said to tell you the French took (on in $60 million today and the Canadians $12 million so far today. 12:30 PM - Secy's Operator called and said on Monday, June 12, Dr. Walker is having a special meeting in 4426 at 8:45 AM; this is in lieu of the usual "small group" meeting. 1:30 PM - Mr. Finkel called to say that he, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis .Iradied and Mr,Gordon needed to see you this afternoon on Expropriation - Iraq Petroleum. He indicated that there would be EXT4WWR a call from you to Mr. McNamara on the matter. AMMX/000=XXXXXXXXXXM CAL. NOTED. (2067) need for •I gave them 5:00 PM (on a standby basis). Messages for Mr. Volcker - 3 - Thursday, JdAy 8, 1972 11:45 AM - Mr. Pollio of the Chemical Bank of New York called to say that Alfred Bennett, Vice President and International Economist at the Bank, was going to be in Washington TuesdayThursday, June 20-22, and sometime during that visit would like to meet with you -- for a general discussion of tha international monetary matters and the U. S. attitudes and position. Your calendar: June 20 (Tuesday) 10:00 AM - 4:30 PM Consultants' Meeting (Dr. Wallich); on Wednesday and Thursday, you will testify on either day before the Gonzales Subcommittee on Intl.Finance (on intl.monetary reform). Shall we txyximx give Mr. Bennett an appointment after 4:30 PM on Monday? YES NO Suggest to Mr. Pollio that Mr. Bennett might talk_ Mr. Bennett? e (Mr. Pollio - A.C. 212-770-2610) 3:40 PM - Mr. Weber is prepared to give you a fill-in on Chairman Burns' talk at the State Department today. 3:45 PM - Miss Munoz of the Mexican Embassy called t - extend an a invita- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tion to you from the Ambassador and Mrs. de 011oqui to attend a reception in honor of the President of Mexico, Luis Echeverr on the occasion of his visit with President Nixon -- at 8:00 pm on Friday, June 1 at the Embassy, 2829 - 16th St , N.W. (Miss Munoz i,nicated that an invitation had been sent to your home the atter part of May.) This is the week you will be at Bethny Beach. Do you wish to regret? YES NO)( (Miss' Munoz -234-8636) ITHE DEPARTMENT OF THE TREASURY DATE 6/14/72 TO Mr. Volcker Mr. Pollio of the Chemical Bank of New York called again. We had not given him an answer on his request originally made on June 8 for an appointment for Alfred Bennett (as detailed on attached message sheet). He said Mr. Bennett has June 22nd, from 11:30 a.m. free and he hoped you might have some time available for him. I told him you were testifying in the morning on the Hill -- which might be resumed in the afternoon ywuith him on. ' Room 3312 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Ext. 5634 THE DEPARTMENT OF THE TREASURY DATE Tb 2- ii Monday. Is it all right to tell Mr. Pollio that because of your commitment on the Hill you are unable to schedule any appointmenfor June 22? Refer him to Mr. Bennett? (212-770-2610) Room 3312 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis PAUL A. VOLCKER /( 1Ext. 56 Thursday, June 8, 1972 - 4 - Messages for Mr. Volcker Chairman Burns suggested that 4:32 PM - Katherine Mallardi called. since you were going to be away next week that perhaps you on Saturday, June 10, could get together for lunch/. I mentioned the fact that you and Mrs. Volcker had accepted an invitation to a 1:00 pm (Mrs. Volcker has the invitation and,when she asked wedding. that we note your calendar, she said she thought it said 1:00 pn) She then suggested that instead you and Chairman Burns might meet Saturday morning, if you were unable to make it lunch. Shall we say the Saturday morning meet is agreeable with you? YES IF YES, TIME (Katherine - 147-201) 4:35 PM - Gov. Daane called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis // , He said it was urgent that he talk with you before your 5:00 p.m (147-211) NO appointment, if possible. Messages for Mr. Volcker 9:22 AM - Mr. Bradfield called. Wednesday, June 7, 1972 1 He had promised to call Mr. Hennessy about whether to talk to the Columbians about the Group of 20 Mandate and the monetary trade linkage. He would like to ask whether Mr. Hennessy should go ahead and talk to Finance Minister Carlos Llorente. (8101) 9:20 AM - Mr. Nelson called and would like to speak to you on the phone. 10:45 AM - Sandy Cram, who handles scheduling for the Committee for the to invite you to be the Re-Election of the President, called/rgymeexHimgxa speaker for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Annual Dinner of the Republican Policy Committee in Phila. on Monday, June 129 with the subject the problems that Mr.Nixon had when he came into the Administration and what he has done as far as the economy is concerned. She explained the lateness in extending the invitation to the fact that someone else on the Republican Policy Committee had another speaker lined up of the R.P.C. and it fell through. Mr. Arlin Spector/called at the last minute asking her to get someone else from the Administration. She has three names - and you headed the list The others are Mr. Bennett and Edwin Cohen. I told her your plans were to be she away from Washington this coming week and/asked whether youx it would be all right with you to ask either Mr. Bennett or Mr u Cohen. Since MrS. Bennett will not be available (en route to Paris), do you suggest she ask Mr. Cohen? Is it all right to regret for you? Invite Mr. Cohen to (333-8233) be speaker? YES NO Messages for Mr. Volcker - 2 - June 7, 1972 istration 10:50 AM - James Smith, Administrator, Farmers Home Admin , called again and is rather anxious to speak to you today if possible. He said if you were going to be tied up all day, he hoped we could let him know. 111 - 7967 ank matter he had 11:05 AM - Mr. Schmidt called and said the Eximb urgent asked yesterday to see you about has now become more and he really needs to see you today. I told him we would call you, hopefully before lunch, when you are free. 5828 to you on the phone, 11:10 AM - Gov. Daane called and would like to speak Walker will be out of 11:15 AM - Secy's Operator called and said Dr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ng? town on Friday and will you chair the Staff Meeti YES NO - 3 - Messages for Mr. Volcker Wednesday, June 7, 1972 1:45 PM - Helene Melzer (new Information Officer in Public Affairs) called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (for Mr. Wade)to ask whether you would do a one-minute spot master" announcement for the Treasury on gold this afternoon. A Treasury technician would do a tape which goes on a telephone system in Public Affairs. The number for this phone goes out on the news wire, and when calls on this phone come in the caller will hear your voice. I referred her to Bill Weber and told her I would pass this on to you on your return from lunch. She said had the technician could appear at a moment's notice. (I/told her you had several outside appointments which would cover the better part of the afternoon.) (2041) -- Mr. Weber is expected back from lunch soon, and I suggested to his secretary that he get in touch with you since you may want to discuss this with him. • Messages for Mr. Volcker - 4 - 3:00 PM - Mr, Visbord called. Wednesday, June 7, 1972 He asked that you return his call. He said the Australian Treasury is wondering if there are any guidelines on what Mr. Connally would like to talk about when in Australia. (Mr. Visbord will be in his office until about 6:00 p.m.) -- (797-3281) 3:10 PM - Mr. Weber said you and he had talked about your meeting with the press; you said you could not do it today but might tomorrow. Mr. Weber said most of the Treasury regulars have a working day of from 10:00 to 7:00, so he will need some time in the morning to alert them and would prefer not to have the press meeting any earlier than 12:00 noon, since your schedule doesn't seem to permit such a meeting in the early afternoon. Mr. Weber asked me to check this with you and see (1) if you are willing to have such a meeting with the press YES NO and (2), if you are willing, is it all right to schedule it for 12:00 noon on Thursday? YES NO 3:20 PM - Mrc Adams stopped by and would like to see you when you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis return, Messages for Mr. Volcker - 5 - June 7, 1972 4:00 PM - Boyd Evans stopped by and said he'd like to see you for a couple of minutes. He volunteered that he was going to retire and I guess wants to say goodbye. give him a call when you were free. I told him we'd 5458 5:00 PM - Mr. Eberle's secy. called to let us know he is back in his office whenever you can call him. She said he'd be there a while this evening. NOTE: Wardhana Mr. Dale is bringing Indonesian Finance Minister/AZmINiutIca over to see you shortly after 6:00 PM this evening. 6:00 PM - Dr. Burns called. He asked that his call be returned. (He expects to be in his office for a while this evening.) 6:05 PM - Mr. Willis called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis phone this evening. He would like to talk with you on the NOTE: He said he had just talked with Mr. Bennett who wanted Mr. Willis to take something up with you, Messages for Mr. Volcker - 1 - Tuesday, June 6, 1972 9:00 AM - Bruce Malashevich (friend of Al Kracht-Princeton ) called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He is working for Congressman Helstoski-NJ. this summer and expects to be in Washington until the first week in August. Mro Malashevich is a student in international economics at the Woodrow Wilson School at Princeton. He is in the process of preparing a topic for his thesis and would welc ome suggestions; but he particularly wanted to meet you pers onally and talk with you for a few minutes. (He referred to an exchange of correspondence with you in the past. This had reference to possible employment with the Treasury and the correspondence had been forwarded to OASIA. The remaining letter in our files is the attached note from Mr. Kracht.) I suggested that perhaps someone in OASIA (Mr. Cross or somebody he might suggest) might talk with him concerning his thesis material -- and that you we could arrange an appointment with you for him to say hello, Mr, Malashevich said there was no urgency, but hoped it could be arrangeth ShaiixwaxtRi Is it all right to inform him that you will see him and arrange for a time during the week of June 19? YES OTHER (180-5064) NO Messages for Mr. Volcker - 2 - June 6, 1972 9:25 AM - James Smith, Administrator, Farmers Home Administration, called and would like to speak to you on the phone. Attached is Mr. Adams' memo and copy of the letter to Secy. Butz that Secy. Connally signed yesterday authorizing block salescf Farmers Home insured notes. 111 - 7967 9:45 AM - Catherine in Dr. Burns office called and said they are having their economic consultants meet there tomorrow and Mr. Fiedler is attending the consultants lunch but they would be glad to have you or anyone else attend that lunch if you wish -- the Governors will all be attending that lunch -or, they will arrange a staff luncheon with the Treasury financing group, if you prefer. ARRANGE STAFF LUNCH (and you attend) LEAVE IT TO MR. ADAMS REGRET CONSULTANTS LUNCH 10:10 AM - James Holmes, of Holmes, Hart & Ewing, the insurance agency http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that handles your home owners policy, called and said he would like to see you in person because there will have to be some changes made in your home owners policy, because of the inflation, the insurance companies are requiring a larger amount of coverage both for their own and the home -owner's protection. He said the renewal date is June 6, 1972 - 3 - Messages for Mr. Volcker June 13, so I suggested he come to see you at 5:00 PM tomorrow. He will have all the papers and information needed; I specifically asked if you needed to have the policy at hand and he said you did not. Mr. Holmes can be reached at his office in the mornings - 946-1555 -- and at home in the afternoons -- 363-2984, you before 1:30 PM - Mr. Bennett stopped by to ask for a few minutes with the 2:00 PM Volcker Group meeting this afternoon. 2:45 PM - Mr. Hirschtritt would like about 20 minutes with you tomorrow. He has several IMF salary questions. (2803) 3:00 PM - William Hoyt's secretary (OFDI) called to check your calendar for an available time for a meeting he will arrange with Gov. Brimmer, you and Mr. Bennett and himself on the subject of mediumterm planning for capital controls. He has suggested 2:30 p.m. on Tuesday, June 27, and asked that we put a uhold" on your calendar. (When I asked Mr. Hoyt's secretary how long she thought this meeting might last, she said this would be decided by you.) would take place in your office. The meeting Your calendar is clear. This arrangement is tentative; Mr. Hoyt will send you a memo officially requesting this meeting. CAL. NOTED. (Kathy Klein - 183-7327) 3:30 PM - Mr. Niekirk of the Associated Press (stationed in the Treasury http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Building) called to say that a report has just come through from the London Financial Times that you plan to resign -- and he is making inquiry. He asked to talk with you. *2fifix (2658) Messages for Mr. Volcker - 4 - Tuesday, June 6, 1972 3:15 PM - Mr. Wieczorowski's secretary called to say that Neil S. Segal (the Bank's South Asia Dept.) will attend the 5:30 p.m. meeting this afternoon. Also, Mr. Wieczorowski is attending a Board meeting. Should this not break up in time for him to come (his Deputy) to the meeting with you, Hal Reynolds/will attend for him. 3:20 PM - Larry Mayer of Fortune Magazine called. He said he left for Europe on the 5th of May - and about that time you had called this him. He didn't try to reach you before/thEm because he knew you were out of the country and is, in effect, now returning your call. (He will be in this afternoon; but out of his office tomorrow and will be available after 2:30 p.m.) I told him that I would give him your message should you wish to reach him again. (N.Y. A.C. 212-556-3616) 4:10 PM - Mr. Dale's secy. called and said they've arranged for you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to meet with the LDC Exec. Directors at 2:30 tomorrow in the Red Room, Rim before. 1200-A, where you met with them once I had earlier scheduled Oakley Hunter and Robt. Bennett for 3:30 tomorrow and Mr. Holmes, the insurance man on your homeowners policy, for 5:00 PM. Perhaps I should postpone the Hunter - Bennett meeting until week after next, since Mr. Hunter won't be available Thurs. or Fri. YES NO Messages for Mr. Volcker June 6, 1972 - 5 - 4:50 PM - Mr. Schmidt called and said Mr. Bennett suggested that he, Schmidt, arrange to see you sometime in the next few days about some Eximbank matters on which decisions are needed that the staff is pressing them on. I suggested 11:00 AM on Thursday. 5:45 PM - Mr. Bennett would like to see you after your 5:30 p.m. meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -- to discuss some letters with you, June 5, 1972 - 1 - Messages for Mr. Volcker 9:45 AM - Mr. Unger, on the Japan Desk in OASIA, said State called and asked that you be at Under Secy. Johnson's office at 1:45 for a 15 minute session with U. S. agency representatives who will meet at 2:00 PM with the U. S. Japan Council. Unger said that either Mr and Mr Mr. Cates and Mr. Escoube or Mr. Escoube Unger will attend the meeting with you -- but they will probably meet you at State 10:00 AM - Sue Steiner called and wonders if you do or do not wish Mr. Cross or her to sit in when Schaetzel comes to see you at 6:00 PM today. YES NO 10:15 AM - Mr. Bennett said to ask if you want to have Mr. Dale come over in the late afternoon today to discuss strategy on the mandate, YES NO 11:00 AM - Peter Towe's secy. called with further reference to his http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis inquiry whether you could have lunch with him; if you could Edgar do it on this coming Friday, Mr,/Ritchie, their Under Secy., who is in town, would come along to the lunch. ACCEPT OTHER k. 2:50 PM - Mr, Hennessy called. Monday, June 5, 1972 - 2 - Messages for Mr. Volcker He would like to come in to see you for a few minutes this afternoon. His secretary said she thought it concerned the trip he was accompanying the Secretary on, (2522) NOTE: for lunch It turned out that Mr. Oakley Hunter was not free ett will come on either Thursday or Friday, so he and Mr. Benn to see you at 3:30 on Wednesday. (Mr. Hunter has an all-day meeting on Thursday and will be in NYC on Friday.) Would you ing wish to have Mr. Adams and Mr, Bennett join you in meet Mr. Robert Bennett? YES NO hallway and he asked me to 4:15 PM - I ran into Fred Smith in the tell you hello. nd an invitation to you 4:20 FM - Dr, Walker's secretary called to exte from tomorrow tax/Dr. Shultz to lunch with him at 12:30 p.m. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Walker is also (Tuesday, June 6) at the White House, which Dr. attending, She suggested that you go to Dr. Walker's office at about 12:15 p.m. to ride with him. Dr. Walker and you are Wing, and to meet Dr, Shultz in his office, 2nd Floor, West then go on to lunch. NOTE: ON CAL. p.m. You have a Volcker Group meeting scheduled for 2:00 tomorrow. 2:30 p.m o mtg. I checked Dr. Walker's calendar. He has a in his office. Messages for Mr. Volcker - 3 - June 5, 1972 5:05 PM - Gov. Daane called and said he hoped to touch base with you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis sometime before the Volcker Group meeting tomorrow afternoon but said it didn't look very hopeful when I described your schedule. He said if there should be a chance for five minutes on the phone tonight or tomorrow morning, he'd appreciate it. (NOTE: Gov. Daane's call returned at 6:50 PM; Operator reported he is at a dinner and expected home at about 9:30 PM) - 1 - Messages for MrL Volcker May 23 - June 2, 1972 Tuesday, May 23 NOTE: Dr. Holmes at I've scheduled an appointment for you to see 9:00 AM Thursday, June 22. k Wooten, Economic Counselor 3:45 PM - Susan Steiner called and said Chuc 12 and would ac Bonn, will be in Washington the week of June like to see you. I told Sue Mrs. Volcker hoped you would be week but said able to join the family at Bethany Beach that plans we'd make a note and keep this in mind in case your change. ington Susan also said Amb. Schaetzel will be in Wash Mr. Shultz. June 1 - 5 and would like to see you and also and suggested I suggested 4:30 on the 5th for him to see you t arranging Susan talk Co Blanche in Dr. Walker's office abou the appointment with Mr. Shultz. Susan later found that Amb. Schaetzel was to see Chrm. Mills at 4:00 and another Congressman at 5:00 on June 5th, so we put Schaetzel down to see you at 6:00. Wednesday, May 24 wanted you to know 3:30 PM - Mr. Brecht's office called and said he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis your share that you will be assessed approximately $20 for you provided in the farewell gift for Secy. Connally, for which er which specimen signatures, and there will be a black tie dinn not yet will cost approximately $20 per couple (the date has been set). He wanted to be sure this was all right with you; I explained you were in Europe but said I was sure it was Messages for Mr May 23 - June 2, 1972 - 2 - Volcker Thursday, May 25 11:40 AM - Mrs. Carol Stitt, Director of the Task Force on Intl. Economic http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Policy, House Republican Conference Research Cmte of the House Republican Conference, called and said she, in cooperation with the Council on Intl„ Economic Policy, is in the preliminary process of planning a Seminar on Foreign Economic Policy to take a look at what is needed in trade legislation in 1973 and beyond. The Research Cmte. and its various Task Forces service the Republican membership of the House by doing research on upcoming legislation, provide material for speeches, answer questions, etc. There are 17 members on Mrs. Stitt's Task Force, all of whom are Republican members of the House Cmtes. on Foreign Affairs, Ways and Means, and Banking and Currency. They envisage inviting to the Seminar on Foreign Economic Policy all the Republican Congressmen plus the Republican members of the counterpart Cmtes. in the Senate, about 200 people in all. Although she hasn't had a chance to work out the format with Mr. Flanigan's people, who were in Moscow, she has in mind that Mr. Flanigan would give an overview of the major issues that need to be considered, Mr. Eberle would speak on trade reform, and - 2a - Messages for Mr. Volcker May 23 - June 2, 1972 Thursday, May 25 (Cont.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (-r 6 143 Fe!) she is still seeking you would speak on monetary reform -. a spokesman on overseas investment policy After all four entertain questions have made their statements, they would n This would comprise the morning portio from the floor. of the all -day Seminarc For the afternoon session, they ves to speak on are trying to get high level representati groups, agriculture, behalf of the business community, labor y and to discuss the and the consumer or the domestic econom during the papers presented by the Government officials morning session° She emphasized that the details hadn't but she wondered been worked out with CIEP or the date set t, if she could what your availability might be on June 21s line up the other people for that date. I told her there ugh you might were some uncertainties but it looked as tho be available. She said she would be back in touch with us CIEP. after she has worked things out further with She be back until understands you are in Europe and will not June 5. the The purpose of the Seminar is to inform draft legislation. Republican Members of Congress -- not to (Mrs. Stitt - 225-3340) Messages for Mr. Volcker - 3 - Tuesc-Fri,, 5/23-6/2 Friday, May 26 3:35 PM - Mr. Rendall has informed us that the new Fren ch Ambassador Kosciusko-Morizet is going to pay a courtesy call on Secretary Connally at 3:00 p.m. on Thursday, June 1. 4:50 PM - Oakley Hunter called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that we give you the message that he would like you to meet Robert Bennett (of New York) )who has replaced Bill Ross as thjiSenior Vice Pres ident and Chief Economist sometime after your return from Europe. Mr. Hunter mentioned a possible luncheon - or that he and Mr. Bennett might just drop into your office (His secretary had initially asked whether Mr. Hunter and Mr. Bennett might come in to see you either on May 30 or May 31,) Shall we suggest to Mr. Hunter that you are agreeable to lunching with him and Mr. Bennett on either Thursday or Friday, June 8 or 9, after your return? YES NO Or arrange for a convenient time on either of the two days (June 8 or 9) for Mr. Hunter and Mr. Bennett to visit you in your office? YES NO OTHER (293-6060) * Peter Towe invited you to lunch on a subseque nt date - and one of the days he is free during the week of June 5 is Friday, June 9. Tuesday=Friday, 5/23-6/2 - 4 - Messages for Mr. Volcker Tuesday, May 30 3:30 PM - Derek Mitchell asked for an appointment with you -- and I have tentatively given him 4re.,- p.m. on Tuesday, June 6. CAL.NOTED. You have accepted an invitation to an informal buffet (NOTE: dinner by Mr. and Mrs. Mitchell for Monday, June 5.) YES Is it all right to confirm: NO OTHER Wednesday, May 31 3:15 PM - Peter Towe's secretary called to ask whether you might be free to have lunch with him one day next week (week of June 5), on a day other than Monday or Thursday. On your calendar: Oakley Hunter had suggested a possible luncheon on either Thursday or Friday (June 8 or 9); or, alternatively, a visit with you in your office to meet Robert Bennett. Tuesday, June 6, calendar clear for lunch; Wed„ June 7, Fed.lunch. Shall we accept Mr, Towe's luncheon invitation? If yes, do you prefer Tuesday, June 6 Friday, NO YES or June 9 (Margaret Morris - 785-1400) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Amb. Kennedy's office called and said he would like to see you while he is here June 7 - 13 June 8. On cal. Suggested 3:00 PM on Thursday, - 5 - Messages for Mr. Volcker May 23 - June 2, 1972 Thursday, June 1 NOTE: Prof, Wallich asked if your calendar was still clear for a Consultants meeting on Tuesday, June 20. presently clear. I told him it was He said he had discussed this with you and asked that we put a hold on that day. Dr. Wallich also wanted to invite you to a sit-down wine tasting on Wed,, June 14th. I told him you were to be out of town that week, 3:15 PM - Dr. Amuzegar, Ambassador-at-Large and Chief, Iranian Economic http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Commixs Mission, and Mrs. Amuzegar have extended an invitation to you and Mrs. Volcker to attend an informal dinner at their residence, 6713 Tulip Hill Terrace, N.W., Wash,, at 8:00 p.m. on Wednesday, June 21 -- no special occasion, just a social evening. Your calendar is clear. Do you wish to ACCEPT REGRET (Mrs. Davis - 654-7930) Sarah Jackson, on the Iranian Desk in OASIA, knows of nothing special involving Iran -- just the usual trade, export credit, and oil issues. If you decide to attend the dinner and would like a background paper, Miss Jackson will be glad to provide one. YES NO • Messages for Mr. Volcker - 6 - May 23 - June 2, 1972 Thursday, June 1 (Cont.) 3:30 PM - Deane Hinton called and wondered if you would be interested in a run-down on his impression of the economic discussions in Moscow. If so, he'd be glad to give them to you and suggested following the Volcker Group meeting, now scheduled at Mr, Bennett's request for 2:00 PM on Tuesday, June 6. Would you like to have Mr. Hinton debrief you if there's time between the Volcker Group and 4:30 when Derek Mitchell is down to see you? YES OTHER Friday, June 2 10:30 AM - The secy. to Hugh Stokeley of Girard Bank in Phila, called and said he would be in Washington next Tuesday and wondered if he could see you. I told her yotihad been out of the country and had a very full schedule and suggested he see Mr. Bennett or Mr. Adams. 11:00 AM - A gentleman from the Willner Tailor Shop called and said to tell you your suits are ready for fitting and you can come in any time between 12:00 and 5:00 PM on weekdays or on Saturday. 11:30 AM - Mr. Hoyt called you and left no message. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 7 - Messages for Mr. Volcker May 23 - June 2, 1972 Friday, June 2 (Cont.) Calif.), 12:30 PM - Miss McVicker in the office of Congressman Hanna (D., called and said a close friend of his will be in town next week and would like to pay a courtesy call on you -- Mr. Hung Moon Koh, Vice Chairman of the New Democratic Party for the Republic of Korea. I gave her 4:30 on Thursday, June 8, for Desk, Mr. Koh. I've asked Mr. Argento, on the OASIA Korean for to give you some background on Mr. Koh and the reasons his visit to Washington, etc. y for 12:45 PM - Mr. Hennessy called and asked for a time on Monda http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis bs, on Mr. Weczorowski and an Australian, Mr. Harold Coom possible debt rescheduling for India. I told him I thought Tuesday, Monday would be a bad day and suggested instead 5:30 on which seemed acceptable. Mr. Syvrud told me that Coombs is a consultant with the World Bank who has been sounding out the various creditor countries on the possibilities of rescheduling the Indian debt. Coombs is trying to promote U.S. the World Bank formula for Indian debt rescheduling; the have (Treasury, SLate, and AID) have refused that formula and Bank proposed a formula which is about one-half the World formula. Mr. Syvrud will alert Mr. Gordon and they will send you a briefing paper; also, either Mr. Gordon or Mr. Syvrud will sit in. Mr. Hennessy's office will let us know • Messages for Mr. Volcker - 8 - May 23 - June 2, 1972 Friday, June 2 (Cont.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis later if someone from the World Bank besides Messrs. Wieczorowski is and Coombs/axR coming to see you. Mr. Hennessy will not be able to attend; evidently he will be out of town on Tuesday. 1 - Messages for Mr. Volcker Monday, May 22, 1972 10:10 AM - Alan Holmes called and asked to be transferred to Mr. Adams since you were not available. 9:40 AM - Gov. Daane called and would like to see you for about fifteen minutes either before or after you see the eye doctor. 9:50 AM - Mr. Holland's secy. called and asked me to let her know when you return and she will get a message to Mr. Holland in the Board meeting so he may come out and phone you; he needs to talk to you. 147 - 3761 10:50 AM - Mr. Nelson would like to come in to talk with you sometime today about swaps and gold. you were free. I told him we would call when (2884) 10: 50 AM - Mr. Bennett said you should see the statement Mr. Cross has been drafting for you for the Ministerial over the weekend -- first, because you should see it and, second, because some other agencies have asked to see it. 10:52 AM - Mr. Hennessy asked if he might sit in when you see Eberle http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis after lunch. YES NO Messages for Mr 4:00 PM - Mr Volcker - 2 - Hayes of the New York Fed called. be returned. Monday, May 22, 1972 He asked that his call (He expects to be in his office until 5:00 p cm • or a little after.) NOTE: His secretary said Mr. Hayes was going to be in Washington tomorrow (he knows you will be away) -- and for a month after that in Europe on business and vacation. 4:35 PM - Mr. MacLaury and John Kareken will meet you in the office here at 7:30 p.m. before going on to dinner. 6:50 PM - Gov. Daane called (from his Harvard dinner) - to say that he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis wanted to call your attention to one point (if Dr. Burns had not remembered it in his conversation with you) again at 7:30 p.m. He will call Messages for Mr, Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 1 - May 18 - 19, 1972 Mrs. Volcker said she has rented a cottage at Bet hany Beach for June 2 - 16 and she expects to be there the entire time, returning only for the Brill wedding on Saturd ay, June 10. She also said she very much hoped you would be able to join them at Bethany the second week. She particularly made reference to the fact that she will not be her e for the Derek Mitchell buffet dinner on Monday, June 5, whi ch we had accepted. Shall we call and explain and regret? ; YES \ NO Mrs. Volcker said she was going to Bethany on June 2nd, presumably right after Jimmy's graduation. Since she won't be in town on Saturday, June 3rd, perhaps we had better regret Mr. Irwin's invitation to a black tie dinner at his apartment at 7:30 on June 3rd, which we have still pen ding, YES \<1 ,\ NO I checked Mr. McCamey to see if he had any further intelligence as to whether the Depys' meeting on June 13 and the WP-3 on June 14 were still on or were off u He said he had talked to Korp a couple of days ago and Korp said Oss ola was operating on the assumption that the Depys' meeting would be held on June 13th. Mr. McCamey said he didn't know about the WP -3. - 2 - Messages for Mr. Volcker May 18 - 19, 1972 If the Depys' and WP-3 meetings were held on those dates, it would interfere with your being at Bethany the week of June 11 - 18 -- unless you sent Mr. Bennett to the meetings. NOTE: Mr. Cross said you wanted some time saved for a session with Mr. Eberle. I checked Eberle's secy. and he will be back from Japan and in his office only on Monday -- he is Laking the 6:30 PM TWA flight from Dulles Monday night for Paris. I asked her to put him down for a session with you at 2:30 on Monday and asked her to save a good piece of time. NOTE: I called Mr. Stewart at the American Petroleum Institute and they were willing to accept your cancellation without a substitute. He said Dr. Walker was to talk to them last year and had to cancel out at the last minute. I informed Mr. Hennessy he was off the hook. NOTE: I called Mr. Meredith Wilson, explained where you were and that you tried any number of times to reach him last night -- and that your answer remained the same -- you were sorry, you did try to reach him. He said he understood, 4:40 PM - Blanche in Dr. Walker's office called and said Mr. Shultz has been very anxious to talk with you and have you come over and visit with him and he wondered, since Monday is the only day, whether you could come over at 9:00 or 9:30 on Monday morning. Mr. Shultz has to be on the Hill at 11:00 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 We set it at 9:30. 4 NO. Messages for Mr. Volcker - 3 - May 18 - 19, 1972 Friday, May 19 he would like to see 9:30 AM - Under Secy. Irwin's secy. called to say (Mr. Bennett had alerted me to expect yesterday morning n Mr. Bennett had reached an agreement/with Mr. Irwi you sometime on Monday. this call. listed as that he could head the U.S. delegation if you were the sole speaker on the second day. Later in the day, Mr. ce to say Irwin began worrying about Mr. Eberle having a chan you about something -- and this is what Mr. Irwin wants to see on Monday.) We agreed that you would see Mr. Irwin at his office at State (7th floor) at 12:00 noon on Monday. 2:30, on Also, I moved Mr. Eberle to 2:00 PM, instead of and I wanted Monday, since you're to see Dr. Holmes at 3:30 with Eberle° to be sure you'd have as much time as you wanted NOTE: to say goodbye. I gave Mr. Samuels 11:30 on Monday to see you He is leaving in the afternoon to go to NYC. er has now changed 12:45 PM - Mr.Cross said to tell you that Mr. Schweitz his plans and will attend the OECD Ministerial Meeting next week. this weekend 12:50 PM - Mr% Bennett said he will go to Connecticut http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and, if he is able to leave Treasury in time to catch the 7:00 o'clock plane, should be home by about 9:30 in case e you want to talk to him tonight; he will also be reachabl at his home in Connecticut Saturday and Sunday. , Messages for Mr. Volcker - 4 - May 18 - 19, 1972 Friday, May 19 (Cont.) Mr. Bennett also said the briefing books for Mr. Shultz will evidently be going to him later today or tomorrow and Mr. Bennett will give us copies to send you to look at over the weekend before you see Mr. Shultz Monday at 9:30. Mr. Bennett said the arrangement is for him and Mr. Adams to see Mr. Shultz at 1:30 on Monday on debt management and for him and Mr. Hennessy to see Mr. Shultz at 2:30 on Monday on intl. matters. Mr. Bennett assumes you will probably cover the international monetary and trade area with Mr. Shultz when you see him. 4:15 PM - Mr. Hayes called you; he said he had been thinking of http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis dropping in to see you on Tuesday, when he will be in Washington, but, on learning you will be en route to Europe on Tuesday, said to tell you he might call you on Monday. He, himself, is leaving for Europe on Wednesday. Messages for Mr. Volcker REMINDERS: L/r) Return Mr. Kearns' call of yesterday. (128021131) (l? NOTE: Wednesday, May 17, 1972 - 1 - Call Mr. Rossides. (2033) - You wanted to talk to Mr. Hennessy this morning about the attached memo to the Secy. on "GOA Audit of Arlin. Expenses of ESF." - Re OECD Ministerial Delegation Meeting in Mr. Irwin's Conf. Room at State, Mr. Cross thinks this will last about 2 hours (10:00 AM - 12:00 Noon). Cal. Noted. - Mr. Flanigan can come in at 5:30 p.m. -- after a 4:30 appt. on the Hill. This is the only free time on his calendar. ON CAL. - We will shift the Hans de Hafits (Holland Telegraph) appt. (Mr.Wber will hold him off until Noon,) from 11:30 a.m0 to a later time. 8:55 AM - Und. Secy. Irwin called. He asked that his call be returned. (632-9640) 9:00 AM - Mrs. Alexander of the Princeton Club of Washington called to say that your classmates Judge John Kern, Ira Siegler, and John Sharon (who may be bringing Judge Ed Curran) are attending the Princeton dinner on Friday evening; also Livingston Merchant and Henry Koren, whom you probably know. SiziOxAMxxxNotmxixEmxMxxxemaggzxxThR http://fraser.stlouisfed.org/ 6Federal Reserve Bank of St. Louis - 2 - Messages for Mr. Volcker Wedc, May 17, 1972 9:10 AM - Message from Mr. Cross: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The people invited to the OECD Delegation meeting at 10:00 AM this morning were you, Mr. Cross and Mr. Pelikan, Mr, Cross would also like to ask Mr. McCamy to come along because he is going to have to do a lot of redrafting of papers and will need Mr. McCamey's help. Is it all right? YES NO Also, Mr. Weber had called Mr. Cross to ask whether he could go along. Mr. Cross told him he thought it waould be awkward to Kw( increase the number of Treasury people attending. NOTE: Do you agree? YES NO I told Mr. Cross that Mr. Irwin had called this morning, and he said he would like to talk with you before you return his call since there are some new cables, etc. Messages for Mr. Volcker - 3 - Wednesday, May 17, 1972 9:25 AM - Peter Towe's secretary called to say that he will meet you at 1:15 PM -- at the San Souci, 726 - 17th St., N.W. ONXIMIX for lunch today. ON CAL. 9:40 AM - Mr. Weber has asked that we schedule Hans de Haas of the Holland Telegraph at 12:30 FM instead of Mr. Beiser -- since Mr. de Haas is coming down from New York especially for this interview. 10:15 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (Mr. Beiser will be rescheduled.) Mr. Roosa called. ON CAL. He asked that his call be returned. (A.C. 212-483-1818) Messages for Mr. Volcker - 4 - Wednesday, May 17, 1972 4:30 FM - W. Rolfe of the Atlantic Council, N.Y.; is in Washington today and called to talk with you for a minu te, should you be free. He said that if you had no time to return his call, he understood -- and to say hello for him. 6:00 PM - Mr. Samuels called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on Monday, (347-9353) He would like to come in to see you Shall we arrange a morning appointment? YES NO OTHER (His secretary was unable to give the purpose or subj ect.) (Phone: 632-0410) NOTE: He will talk with you on the phone if there is not time for an appointment° Mae said he called earlier and wanted to say goodbye. • Messages for Mr, Volcker - 5 - May 17, 1972 6:50 PM - Mr. Custer in Mr. Irwin's office at State called and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis asked if we'd received the letter from Mr. Irwin which they'd been trying to have hand delivered. hadn't seen it. I said I He said they were having a meeting at State, working on the delegation list and wanting to get a cable out tonight and Mr. McCamey, who is in the meeting over there, indicated that you wanted to be consulted about it. He said originally Mr„ Irwin had talked to Secy. Connally about this and who would be the Chairman of the delegation, etc., and had explained that he, Irwin would head the delegation but they would be glad to have Secy. Connally participate in as many sessions as he was able and the Secy. agreed to this. Now that the Secy. isn't going, evidently Mr. Irwin feels there is absolutely no question of his heading the delegation, I told Mr. Custer I thought I could get hold of you a little later on and either have you call or get some word back to him. I then called Mr. Cross, who said he had instructed Mr. McCamey not to agree to anything about who would head the delegation without having this cleared personally by you. Mr. Cross also said, since you are going to be away Thursday and Friday, they d need somaximitxxxtimmix either to have you clarify to Mr. Irwin or leave some word for Mr. Cross Messages for Mr. Volcker - 6 - May 17, 1972 on what on what the arrangements are on who speaks at the Ministerial (Mr. Cross had sent you a memo and which this afternoon on this, which I gave you -I have now put in the action folder. phone is 632-8930, NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Custer's Mr. Irwin's number is 632-9640, (Stanford) MR. MEREDITH WILSON's NUMBER IS AREA CODE 415 321-2052. Messages for Mr. Volcker 8:55 AM Walter Surrey called - 1 - Tuesday, May 16, 1972 He asked that his call be returned, (659-9050) invitation to the Fed luncheon 9:55 AM - Katherine called to extend the tomorrow (Wednesday) She said Chairman Burns would host. with Since you have accepted Mr.Towe's invitation to lunch him tomorrow, I told her you had an outside engagement and nnett with a staff luncheon will be arranged through Mr.Be Bob Holland of the Fed hosting. (Katherine advised.) you to a luncheon 10:30 AM - Office of Protocol at State called to invite State Mr.li7Win is hosting on Thursday, May 18, at 1:00 PM at for Belgian Secy. of State for Foreign Trade Fayat. I regretted for you, saying you would be out of town. 7 14,0 r-12:07 PM - Mr. Kearns called & would like you to call him. 128 - 21131 n't want to 12:15 PM - Dan Ahearn called and said perhaps you would comment but, if you do, he is curious about the Secy's resignation, on Secy's 12:35 PM - Mr. Bennett called to try to get the party line resignation. He said if you have time and want to call him gn he can be called out of the lunch at the Council on Forei Relations, which is now about to start; he is speaking after the lunch. NYC - LE 5-3300, sometime 12:40 PM - Meredith Wilson called and hopes he can talk to you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis today; he will either be in his office or within reach all - 2 - Messages for Mr, Volcker day. May 16, 1972 AC 415 - 321-2052 from NewYork to say that 1:50 PM - Gene Birnbaum's secretary called mr. on Monday and Birnbaum was planning a trip to Washington together with you for Tuesday, May 29-30, and would like to get lunch or dinner -- or whenever convenient She said he had ussion with you spoken with you in Europe about having a disc in Washington ° I asked her to inform Mr. Birnbaum that you would be in Europe on both days. 2:00 PM - some guidance Mr. Weber stopped by to say that he would appreciate s on as soon as you get it, as to whether the Secretary plan attending the OECD Meetings next week. 2:05 PM - Mr. Rossides called. 2:10 PM - Gabriel Hauge called. (A.0 (2615) He asked that his call be returned. (2033) He asked that his call be returned. 212-350-4065) 2:30 PM - Joe Slevin called. He asked that his call be returned. (638-2844) Riordan of Bankers Trust Company, who 2:40 PM - Herman Frenzel and Thomas http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis say hello. had called on Mr. Adams, stopped by to Tuesday, May 16,1972 _ 3 _ Messages for Mr. Volcker He asked that his call be returned. 4:45 PM - Gov. Daane called. NOTRxxxxx (147-211) for 10:00 AM 4:40 PM - Under Secretary Irwin has scheduled a meeting tomorrow (Wed., 5/17) for the whole delegation going to the OECD Ministerial meeting (in the Under Secy's ConfoRoom 7th Floor)at State. Messrs. Pelikan and Cross have been invited and are attending. (Mr. Cross has sent you an OECD scope paper (with changes), for this meeting. /e Shall we say you will attend? ittit YES • NO (632-9640) NOTE: come in to Mr. Flanigan kad wanted to/see you on Wednesday -- and we had given him 10:45 AM. purpose of the visit) (His secretary did not know the She said he needed more than 1/2 hour. In view of the 10:00 AM meeting arranged by Mr. Irwin, shall we try for a late afternoon meeting instead? YES ' 2#J1 NOfisr, OTHER 5:25 PM -/Mr. Shultz called. He asked that his call be returned. (145-2753) Intl. called and would like you to ess Busin of en, Rieck Dick PM 5:15 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis call him. NYC - Plaza 9-7700, Ext. 729 May 16, 1972 - 4 - Messages for Mr. Volcker 5:50 PM - Mike Bradfield called and said the Swiss desk at State http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called re the cable about your going to Bern and the Ambassador is going ahead to make arrangements for a dinner in Bern on Monday, May 29. The Swiss desk people would like to arrange for you to make calls on some of the Swiss officials in Bern on Monday aftfaxmama morning or afternoon, or both, if you are willing. Are you willing? YES NO /-t /14' F 9:15 AM - Sam Cross called. He would like to talk with you about the OECD Ministerial meeting (May 24-26) sometime today when you are free. (5081) 11:00 AM - Gabriel Hauge of Manufacturers Hanover Trust of New York called. He asked that his call be returned. (A.C.212-350- 4065) NOTE: - Mrs. Volcker called to ask that we note on your calendar for 1:00 PM?(She wasn't sure of the time-but has the invitation to refer to) on Saturday, June 10, that you and she will be attending the Brill wedding. ON CAL. -- She also asked that an appointment be made for you with Dr. Dorothy Holmes (Opthomologist) since Dr. Holmes will be away from her office from June 28 to October 1. I called her office and was told the earliest Dr. Holmes could see you would be at 3:30 p.m. on Monday, May 22, (and she couldn't *Checking your lenses should take only a few minutes, so she has fitted you in at the end of the day, which is the way this is usually done.) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • Monday, May 15, 1972 Messages for Mr, Volcker say at this time how much of a wait you would have in her office when you came in at 3:30 p.m.) Ymentioned the fact that with an appointment on May 22 you would not have time for to be made a new prescription(should you need it) -- and her nurse said that since 2 weeks was required to make the new lens because of the law requiring impact -resistant or plastic lenses, you could not have them before your European trip should you go to I OECD Ministerial Meg. May 24-26) if it were possible for her to see you before the 22nd; futher that she was going to be away on Friday, May 19. I took the 3:30 p.m. on Monday, May 22. Is this agreeable with you? YES NO OTHER (DU-7-2730 - 1816 R St., N.W.) - ON CAL. z Messages for Mr. Volcker - 2 - May 15, 1972 9:30 AM - Mr. Cross called and w said Mr. Hennessy said at staff mtg. this morning it was agreed that you should have a meeting this afternoon on the OECD Ministerial, followed by a meeting with the Secy. either this afternoon or tomorrow morning. 9:35 AM - Mr, Visbord's secy. called and said he would like to see you. I explained you had to testify on the Hill and said we'd be back to them. (979-3000) 9:50 AM - Told Tx Tineal you would lunch in Secy's Dining Rm. today. She said Secy. planned to lunch there today. 10:00 AM - Mr. Walker's office called to say that Dr. Walker would like to see the Secy. and have you present -- sometime this afternoon. She said she would let us know when a time is fixed. 10:05 AM - Mr. Hormats called and smpli said he sent you two weeks ago a letter to the President from Prime Minister McMahon of Australia and you wrote you wanted to wait to draft a reply until the Secy had returned. Mr. Hormats said to tell you they are anxious to get a reply to the President for signature. 11:15 AM - Estelle in Mr. Flanigan's shop called to say that Mr,, Flanigan http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis would like to chair a Senior Review Group meeting this Thursday but wanted to be sure you and Mr. Irwin would both be available before setting a time. I told her you y were supposed to be out of town starting some time Wednesday and Messages for Mr. Volcker - 3 - May 15, 1972 returning Saturday and I'd lave to check this with you, She said the meeting would have to be this week because Mr. Flanigan is going to be away after this week and said she'd have to check about Mr. Irwin's availability and then 11 check with Mr. Flanigan and see what he wants to do. 11:20 AM - Mr. Donley's office called about axmaRtimg an appointment for Jude Wanneski, editorial writer for the WSJ, this 1 afternoon. She said Mr. Donley said he talked to you this morning and you said 4:30 this afternoon would be all right. 11:30 AM - Sandy in Mr. Pannil's office called and said he and Mr. Dixon would like to come down and see you. When I explained ' /7 you were on the Hill testifying, she said they'd check back again later. 11:40 AM - Dr. Walker's office called and said the Secy, will see Dr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Walker and you at 4:30 today. shift Mr. Wanneski. This means we'll have to Monday, May 15, 1972 - 4 - Messages for Mr. Volcker called 11:45 AM - Estelle Michura of the Exec.Sec. of Mr. Flanigan's staff to confirm a meeting to be chaired by Mr. Flanigan (on the Under Secretarial level) - subject: OECD Ministerial Meeting May 24-26) 5 im Room 208, EOB, on Thursday, May 18, from 3:00 p.m. to 5:00 pm. Calendar noted. (Memo with relevant material to follow) her, 12:00 M - Mr. Pannill said he'd like to see you and Mr. Cross toget when you finish your present meeting, about the Paris trip. NOTE: I've scheduled Mr. Wanneski to see you at 3:00 today (he's seeing the Secy. at 3:30 and Dr: Walker at 4:00 PM. I gave Mr. Visbord 3:45 PM, and you're to see the Secy. with Dr. Walker at 4:30 12:40 PM - Leonard Silk, of NY Times, called from his home in Montclair, N. J., and would appreciate your calling him just as soon as you can. AC 201 - 746-9832 like you to 2:50 PM - Frank Morris, of the Boston Fed, called and would call him. AC 617 - 426-7100 testified Mr. Morris called back and said he understood you had testify before the Senate Banking Cmte. this morning and he is to on Thursday and wanted to get Treasury thinking. I told him Frank Cavanaugh had drafted your statement; Mr. Morris said he would talk to Mr. Cavanaugh and call you back if he needs anything further. Visbord 3:10 PM - Sam Cross called and asked us to call him as soon as Mr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis leaves. Evidently, he hopes to get in to see you before you go into the Secy's office at 4:30. Messages for Mr. Volcker - 5 - Monday, May 15, 1972 3:30 PM - Mr. Hirschtritt would like to see you after your return from http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis your 4:30 p.m. meeting with the Secretary concerning two memos he had sent you on Friday -- (1) IMF document; and (2) Bretton Woods Recreation matter - plus another matter, (2803) Messages for Mr, Volcker 1 May 9 - 12, 1972 Tuesday, May 9 4:20 PM - Mrs. Resting at the Danish Embassy called to say that Amb. Bartels would like to see you. Tuesday, May 16. I gave him 10:30 on next She did not know what he wanted to talk about -- she thought just things in general. I informed Ellen Maloney, who follows Danish matters, and she thought he probably wants to find out how things are going on the forum question, etc. 4:30 PM - Paul Uhl and Herb Anderson of the United California Bank stopped by to say hello. Wednesday, May 10 11:15 AM - Mr. McGhee of the Red Cross called and said they were unable http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to get a quorum on any of the May dates he had written you about for a meeting of the Board of the Endowment Fund but could get a quorum, even without you, if you are unable to attend, on Wednesday, June 14. I told Mr, McGhee that was one of the days on which intl. meetings had been scheduled (WP-3 on the 14th) but I understood there was some talk of postponing the meeting and I would put the Endowment Fund meeting on the cal. in case you did not have to go to Paris. He said that would be fine. 4 May 9 - 12, 1972 - 2 - Messages for Mr. Volcker Friday, May 12 wondered if you might 2:55 PM - Peter Towe's secy. called and said he be free for lunch one day next week, excepting for Thursday. finish You are free for lunch on Monday, the 15th, if you your testimony in time; you're going to a lunch for lunch at Dr. Schmitz on Tuesday; Wednesday is usual day to Jimmy Fed Board; the rest of the week, you are to go with on a camp -out. Would you want to lunch with Mr.. Towe on Monday, if he can be flexible on time? YES NO Or, skip Fed lunch Wednesday a71 lunch with Mr. Towe? YES NO 785-1400 e you 4:30 PM - Under Secy. of State Irwin's secy. called to invit http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and Mrs.. Volcker to a black tie dinner he is giving at 7:30 PM on Saturday, June 3, at his apartment, 1409-N, the Watergate East. It is not in honor or anyone in particular; he is just inviting a few people in. If you stay in Europe for the Burgenstock meeting, you will not return until Sunday, June 4 (101 - 29640) ilfk ACCEPT REGRET p-1 A 0-4 Messages for Mr. Volcker - (1) REMINDER: (a) - 1 - Mnnday, May 8, 1972 Call Congressman Bow (180-3876) Call Meredith Wilson X2* - A.C. 415-321-2052 9:00 AM - Mr. Hoyt, OFDI, called. He asked that his call be returned. (183-7327). secretary, called to say that 9:35 AM - Gayle Roberts, Gov. Daane's there at he is now en route to Montreal and should arrive has his 3:10 PM - and at the Le Chateau Champlain (where he ble there reservation) at about 4:00 pM -- and will be reacha on 514-878-1688 should you want to get in touch with him. 10:05 AM- Will you have lunch in the Secretary's Dining Room? YES His secretary said he wanted to that add to his previous call of this morning cu/he wanted to 10:40 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis mr. NO Hoyt called again. discuss the wording and timing of the OFDI announcement. Messages for Mr. Volcker - 2 - May 8, 1972 3:30 PM - Mr. Unger, who is now handling the Japanese desk in OASIA, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called and said the U. S. Japan Council is going to be in Washington on June 5th for briefings by top Govt. officials in preparation for their visit to Japan to meet with their counterparts on June 15 - 17. The briefing session will be at 2:00 PM on Monday, June 5th and normally you have attended these sessions for the Treasury. June 5th is the day you had agreed to speak to the Division of Finance and in Los Angeles Accounting of the American Petroleum Institute‘ subject to cancellation, I have made reservations for you to return from Zurich to Washington on Sunday, June 4, after the Burgenstock meeting -- on the theory that you will probably cancel out on the talk in Los Angeles -- but, if d you do intend to keep that speaking engagement, it would be better if you flew directly from Zurich via the Polar route to Los Angeles on Sunday, June 4. Shall we keep the present reservations from Zurich to Washington? YES NO Shall we line up Mr. Bennett to attend the U. S. Japan Council briefing in the event you go to Los Angeles? YES NO - 3 - Messages for Mr. Volcker May 8, 1972 Mr. Hennessy suggested that d sai and led cal t mid Sch Mr, PM 0 4:3 ting in Mr. Hennessy's he, Schmidt, attend the Secy's Staff mee and Mr. Schmidt asked absence but only with your approval -that we check this out with you. OK for Mr. Schmidt to attend? YES NO 5:25 PM - Mr, Dale called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that his call be returned. (He about 6:30 pm ) (181-3067) expects to be in his office until Messages for Mr. Volcker - May 5, 1972 1 - 10:30 AM - Told Miss Coleman's office that you would lunch in Secy's Dining Room today. NOTE: I found out from Mr. Eberle's secy that he is on his way back from Paris, due in Dulles at 4:00 if plane on time, and is due to take off from Dulles for California(where he makes a speech tomorrow) at 5:45 PM. He wanted to talk to his secy and assistant at the airport so they've reserved a room for this purpose, and his secy. will ask him to phone you from the airport if there is time (if his plane isn't too late). 11:15 AM - Derek Mitchell's secy called to say the Mitchells are http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis giving two buffet dinners, one on Thursday, June 1, and the other on Monday, June 5, and they would very much like to have you and Mrs. Volcker attend one or the other, whichever is more convenient. They will be at 8:00 PM, informal, at the Mitchell's home. You may be in Europe on June 1; your cal. is clear evening of June 5. accept for June 5? YES NO OK to Messages for Mr. Volcker May 5, 1972 - 2 - 3:15 PM - Amb. Gruber's secy. called and said the Ambassador had evidently seen you and invited you to a stag luncheon he is giving for President Schmitz at 1:00 PM on Tuesday, May 16, at the Ambassador's residence, 2419 Wyoming Avenue, and you accepted. She was just calling to let me know and said she would send a reminder. Cal. clear; on cal. 3:20Sam Cross needs to see you as soon as you are free about van Lennep and the forum question. 3:40 PM - Mr. O. Meredith Wilson, of the Center for Advanced Studies, called you from Stanford and would like you to call him. Stanford, Calif. - AC 415 - 321-2052 3:45 PM - Mr. Bennett would like to see you when you are free. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker May 4, 1972 - 1 - 3:25 PM - Mr. Eberle called you from Paris and would appreciate a call at 6:00 PM today our time. He'll be at the Hotel Massenet - 288-5361. 3:30 PM - Mary Harris called and said she'd like to arrange for Sid Jones, Amb. Kennedy's Economic Minister at NATO, to see you on Monday or Tuesday for 15 minutes to bring you up to date on what they are doing. She said she thought you knew Mr. Jones -- he used to work for CEA. for 3:00 PM Monday. I arranged On cal. 5:00 PM - Mr. Flanigan's office called t say there will be an 8:00 AM breakfast mtg. tomorrow motning in Secy. Peterson's Dining Rm. at Commerce on the Patolichev visit. 6:20 PM - Mr. Cole said to tell you he has talked to Ford, Chrysler, and GM and has the story on DISC, which he is not sure he wants to put on paper since it was given him in confidence. He will be at home between 7:00 and 8:00 this evening or can see you tomorrow. 6:30 PM - Willis Armstrong returned your call. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis His Secy. said he would be there about another half hour and then has a dinner. 101 - 20396 Messages for Mr. Volcker - 1 - May 3, 1972 12:45 PM - Mr. Flanigan called and would like to speak to you on the phone. NOTE: 145 - 2361 umbrella Mr. Weber says you have his folding/widatmetta which he would very much like to have by this Friday to take on the forthcoming trip in his suitcase. NOTE: Secy's Operator called and said there will be Secy's Staff this Friday at 8:45. 2:30 EM - Mr. Cates called. He asked that his call be returned. (8243) 2:55 PM - Mr. Weber would like to see you. 2615 3:00 PM - Mr. Flanigan called again and asked that his call be returned. (She said hews leaving his office shortly, but would track him down when you return his call.) 3:15 PM - Mr. Rossidtes has arranged a meeting with the Secretary in his office (Messrs. Rossides, Volcker, Walker and Hennessy) on Michelin Tires, Countervailing Duty Case -- at 4:15 p.m. , on Thursday, May 4. ON CAL. 3:25 PM - Alan Holmes called from New York. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis returned. He asked that his call be - 2 - Messages for Mr. Volcker Wednesday,MAy 3, 1972 4:45 PM - Mr. Cole and Alan Wolfe would like about 20 minutes with this afternoon to discuss you/at any time that's convenient for you 410 4MI DISC-GATT. NOTE: (5046) We have received the 32 - $1.00 framed bills. Those received about a year ago (Connally-Elam) were removed from the frame by one of the Treasury carpenters and then sent to the Treasurer and the Secretary for their signatures. Shall we do the same tith these bills? YES NO OTHER (Blanche has informed me that this is being done with Dr. Walker's bills.) say that he is going to 5:23 PM - Mr. Cole's secretary called to Wolfe would have to leave Treasury at 5:30 p.m., and Mr. like to see you alone ix when you are free. (8401) 6:45 PM - Rose said the Secy. would like to have you sit in when http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he sees Mr. Kearns at noon tomorrow. is going on home and will see you at apartment at 7:30. Also, the Secy. Mr. Irwin's Messages for Mr. Volcker 9:00 AM NOTE: . Dale called, 1 Monday, May 1, 1972 He asked that his call be returned. (181-3067) - You are Acting Secretary today, (Dr. Walker will return to Washington about 9:00 p.m.tonight; the Secretary will be in ix Tuesday morning.) -- The Administrative Office has been informed you will have lunch in the Secy's Dining Room today. 3:15 PM -Pe Schweitzer called & would like you to call him. Mr. Eberle called. 4:00 PM - v/7 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (103-5114) NOTE: 181 - 3057 He asked that his call be returned. He is leaving his office about 4:45 p.m. to take a plane to Paris.) Messages for Mr. Volcker - 3 - April 27, 1972 5:00 PM - Secy's Operator called and said Mr. Hickman will show a film at the Staff Mtg. in the morning and the meeting will therefore run longer than usual. 6:30 PM - Mr. Dale called hoping for a word with you on a second matter he didn't get a chance to raise when he was with you and on which he needs guidance before the Board meeting in the morning. He said he would go on homand I said we'd try to get a call to him before you left for your 7:30 dinner. 6:35 PM - Mr. Hirshhtritt called and said he needs to see you after lunch tomorrow. 6:40 PM - Gov. Daane called and said he didn't get an answer from you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on one matter he discussed with you this afternoon and needs a minute more with you on the phone. He said he was leaving for home and hoped you could call him there before you go to your 7:30 dinner. Messages for Mr. Volcker - 1 Friday, April 28, 1972 - 11:45 AM- Jerry Newman called with several questions concerning your appointment with Marc de kimcg Logeres, President of Michelin, USA, at 11:00 aomo on Monday, May 1: Would you like to have Mr. Cates attend? YES NO Mr. Newman to attend as reporting officer? YES NO Since it involves a countervailindduty matter, would you like to have someone from Mr. Rossides' staff attend? YES NO (Mr.Newm•an 8034) NOTE: )( '14A Mr. Newman mentioned the fact that .ae ANI1Pr \NY knows Mr. de Logeres personally, and is entertaining him S n Sunday evening. 12:30 PM - Eileen Maguire, Bruce MacLaury's secy., called to say he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis plans to be in Washington on Monday, May 22nd, and wondered if you and he could • get failin• g that, •together •for •dinner •that evening or, see you sometime during the S. he could •if Your cal. is clear that evening. If you and Secy. do go to the OECD Ministerial, assume you will fly over on Tues. 5 May 23rd, since Giscard is having his lunch on the 24th. ght to tell Mr. MacLaury the evening of May 22nd All ri• looks all right? YES (AC 612 - 333-0361) OTHER Miss Maguire said Mr. & Mrs. MacLaury are going to be in Montreal for the entire ABA Intl. Monetary Conference, , so you'll see them there. \ Messages for Mr. Volcker - 2 - April 28, 1972 Visbord, the Australian 12:50 PM - Mr. Mackour called and said Mr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis this morning Financial Minister at the Embassy here, rang him for him, Visbord, and wanted to know whether it was worthwhile on the forums to come in and see you and get any updating question. Mr. Mackour told him he didn't think anything discouraged very much had developed recently and rather his (Visbord's) him from coming and wasting both your and time but wanted you know about the inquiry. said he also checked this with Sam Cross. any reason for wanting to see Mr. Visbord? YES NO pultv Mr. Mackour Do you have Messages for Mr. Volcker - 1 - April 27, 1972 9:45 AM - Sam Cross called and wanted you to know that Weir Brown is in town and will be here until he leaves at 5:00 PM tomorrow and is available if you want him. At some point, Mr. Cross said that he and Mr. Brown would like to have a chance to talk to you about the forum question. 10:15 AM - The Administrative Office has informed us that the Secretary will swear in the new Commissioner of Customs, Vernon Acree, at 12:00 noon on Tuesday, May 2, in Room 4121, which you are invited to attend. ON CAL 10:45 AM - Mr. Nelson would like to talk with you on the phone when your visitors have left (2884) 12:45 PM - Rose Cicala called and said the Belgian Embassy called and said Ambassidor Loridan; Henry Fayat, Belgian Secy. of State for Foreign Trade; Potheo be Dobbeleer, Director General \\ rtTY\ http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for Foreign Economic Relations with the Belgian Ministry of Foreign Affairs and Foreign Trade; Mr. Roelants, Private Secy. to Mr. Fayat; and Mr. Herman H.Dehennin, Economic Minister at the Belgian Embassy here -- all would like an appointment to see the Secy. re the OECD Ministerial Meeting and intl. economic relations sometime during the period May 16 - 19. Rose said she could make the Secy. available but asked me to check with you first. I've checked around with Mr. Cross, Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - April 27, 1972 Ellen Maloney (who handles Belgium), and Peter Suchman. State told Ellen these Belgians are coming to discuss Sabena landing rights and some tar iff matters, and also to make the rounds and talk to peo ple in general. Matthew Marks is handling an escape clause action on Belgian glass, and I am told there is a second cab le coming through from Belgium on the Banque Beige matter . The attached cable just received today expresses some of their fears about the monetary and trade negotiations. I assume the Secretary should see the m and, if so, you would wish to sit in, in which cas e, Tuesday or Wednesday, May 16 or 17, would be best for you, since you'll be going on the camp-out with Jimmy starting sometime on the 18th. YES NO OTHER Messages for Mr. Volcker _ 3 April 27, 1972 6:00 PM - Secy's Operator called and said Mr. Hickman will show a film at the Staff Mtg. in the morning and the meet ing will therefore run longer than usual. 6:30 PM - Mr. Dale called hoping for a word with you on a second matter he didn't get a chance to raise when he was with you and on which he needs guidance before the Board meeting in the morning. He said he would go on hot and I said we'd try to get a call to him before you left for your 7:30 dinner. 6:35 PM - Mr. Hirshhtritt called and said he needs to see you after lunch tomorrow. 6:40 PM - Gov. Daane called and said he didn't get an answer from you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on one matter he discussed with you this afternoo n and needs a minute more with you on the phone. He said he was leavElig for home and hoped you could call him there before you go to your 7:30 dinner. Messages for Mr. Volcker - 1 Wednesda - A ril 26 1972 8:50 AM - Mr. Willis stopped by to ask whether sometime tomorrow (Thursday) or Friday, you might like to do a debriefing for Mr. Cross and him on Tokyo and London trips -- "where they stand now" etc. He said they have gotten some from Mr. Bennett. (5334) 10:30 AM- John Wilson's secretary called to suggest that you meet Wilson and Mr. Ogden at the F Street Club (1925 F St.,NW) for your dinner with them tomorrow evening (Thursday, 4/27) and asked whether 7:30 p.m0 is all right with you. If she doesn't hear, she will assume it is all right; otherwise she asked that she be informed should you wish to set the time at other than 7:30 p.m. Is 7:30 p.m. all right? YES NO OTHER A.C. 212-552-3702) 10:35 AM Adams said the financing group is ready to meet with you whenever you would like them to come in. 1:30 PM - Message from Secretary's Operator: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Dr. Walker will chair the staff meeting at 8:45 a.m. on Friday morning (4/28). ON CAL. Wednesday, Apr.26.1972 - 2 - Messages for Mr. Volcker 2:45 PM - James Conlon, Director of the Bureau of Engraving and Printing, called to ask whether you had said anything about acquiring the framed sheet of dollar bills signed by both the Secretary and the new Treasurer, Mrs. Banuelos. The Secretary and the Under Secretary customarily purchase the new sheets with the change in Treasurer (or Secretary) -- and a sheet has been prepared for you on the two previous changes. The cost is $32.00 and delivery will be made after the first of the month (May). framed. Only three such sheets are autographed and Mr. Conlon said they were in the process of printing the new bills and hoped to have your answer as soon as possible. He would need to know by tomorrow morning (Thursday). added that it was a good investment. He also Shall we t1l Mr.Conlon to prepare the sheet of bills for you? YES /1/ ,Afre• NO (7214) - James Conlon. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Auten called this morning to say that Don Curtis is talked in the hospital and has had major surgery; Mr. Auten to Lisle Widman and he thinks Mr. Curtis is doing all right then but he will be in the hospital for a couple of weeks and at home about a month. Mr. Auten didn't know whether you would be interested in knowing this but thought he would pass it on just to be on the safe side, Mr. Curtis is in Rm. 401 at Holy Cross Hospital. Mr. Auten didn't know what the nature of the operation was. Messages forMr. Volcker NOTE: April 26, 1972 - 3 - Mr. R. E. Willoughby, Treasurer of Standard Oil of Calif., called this morning from San Francisco and said he had met with you in January about possible changes in the OFDI program. He is leaving San Francisco at 3:00 PM our time today to fly to Washington and will be here tomorrow for meetingat State and the White House and hoped to see you -- his Company has to make a decision on a very important financing and a lot depends on what is done on the OFDI program and this is what he wants to talk to you about. At the time he called, I had it in my mind that our financing was going on tomorrow and I told him I thought it might be difficult and could he talk to you on the phone on Friday (when he'll be back in San Francisco). He said that would be possible but he will phone us tomorrow morning to see what the outlook is. 3:50 PM - Rex Beach called and would like to speak to you on the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis phone when you get free. 632-1791 Messages for Mr. Volcker 4:00 PM - ivir Wednesday, April 26, 1972 Adams has made arrangements for Secretary Connally to meet with the Economic Policy Committee of the Life (l_cldaeimslyown at 10:00 am.)) (after 1:s a Insurance Association of America t Wednesday, May 31, in Room 4426 of the Treasury Building, for a discussion of current items of interest. (Invited to attend are Dr. Walker, MroVolcker, Messrs, Bennett, Adams, Carlock, Fitzpatrick, Snyder, Cook (and Mr. Fiedler who will be unable to attend because he will be away). The Life Ins. Assoc. will host a luncheon at 12:30 p.m0 for the Treasury people; details to be provided,) On your calendar: Mr. Volcker may attend Conference Board Burgenstock Conference at Lucerne, Switzerland, May 31-June 3. Also, Jimmy's school field day at Materdei (Fathers-Sons). Cal. Noted. 5:30 PM - Mr. Hennessy's secretary called to ask that we set up an for an interview fiht appointment for Richard Williams of the IMF/with you for the Senior Attache post in Tokyo was-unabie-te-say-wliat-pesiien-he-was-being-eensidered-EerT http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis lipcit-will-ffevide-the-ififeniiatien-iFt-the-nienaing. Mr. Hennessyg office will also provide Mr. Williams' resume in the morning. I have suggested 2:30 p.m. tomorrow (Thursday, April 27.) ON CAL Messages for Mr. Volcker 5:30 PM April 26, 1972 -Mr. Dale called to fill you in on how they came out on the drawing. call. He said he would be at his office awaiting your I told him Mr. Ne son had been by trying to find out if anyone knew anything. Mry4tale said he would talk to Mr. Nelson and Mr. Nels n ailed shortly thereafter and asked to be called when you return. 5:40 PM - Mr. Donley's office asked if you could represent the Treasury and speak informally to the Washington Diplomatic Residents and their families from 2:00t to 2:30 on this coming Saturday. (Please see attached copy of letter to Secy. Connally.) Mrs. Connally is a sponsor of this organization and of course the Secy. and she are away and Dr. Walker can't do this, nor has Mr. Donley's office been able to line up anyone else in Treasury to do it, so they hope you can. Mr. Donley's secy. said Mrs. Jeffries has been pressing both Rose and Mr. Donley's secy. about this all day. would include Mrs. volcker. They tell me this Are you willing to do this? YES Lv I") NO 5:45 PM - Mr. Kissinger returned your call. 6:06 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis )Mr, Cross and Mr. Willis al4 standing by for the debriefing on the trips -- should you beabie to see them on your return from Mr, Flanigan's office. Wednesday, April 26,1972 Messages for Mr. Volcker n informed that Dr. Walker will bee has or rat Ope 's ary ret Sec The 6:40 FM meeting in the Secretary's be unable to chair the small staff http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (Thursday), and is inquiring Conference Room tomorrow at 8:45 AM as to whether you will. l Is it all right to tell her you wil chair the meeting? YES NO Messages for Mr. Volcker NOTE: 1 - Tuesday, April 2,4; 1972 - Phillip McKee of Bache & Co. called latedMonday afternoon on behalf of Lord David Terrington, whom James G. Wilson of the National Shawmut Bank of Boston had written to you about last week. (Mr. Wilson's letter is attached.) Lord Terrington will be in Washington the week of May 1 through May 4, and would like to come in to talk with you at your convenience. Mr. McKee indicated that Lord Terrington is free (with the exception of one afternoon when he will be seeing Gov. Daane) whenever you can fit him into your schdule. Your calendar is presently clear the better part of the period when Lord Terrington will be in Washington. Shall we arrange an appointment? YES NO OTHER (Mr. McKee suggested Monday afternoon (clear); Tuesday morning (clear); Tuesday afternoon (clear); anytime Wednesday, incl uding lunch ( AM & PM clear-lunch at Fed Board); Thursday morn ing (clear). --(Mr. McKee - 296-1500) Neither Oscar Mackour nor Sam Cross has ever heard of Lord Terrington. Oscar checked him up in Who's Who or some reference volume and described him as "an old coot that is wandering around" and, if you want to be nice you can see him. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 2 - April 25, 1972 10:15 AM - Jim Smith stopped by and said he now has it arranged that he and you are to be at the Dining Room off the Senate Chamber, Senate Wing of the Capitol, at about 2 minutes to 1:00 to meet with the Senate Republican Policy Cmte. on MOV FOR 10 to 15 minutes. Mr. Smith will meet you in your office about 12:45 PM. 10:20 AM - Mr. Widman called and said the trade figures are expe cted to be available shortly after noon today -- that is the best they can do -- and they will get them to you as soon as possible. They will probably be published on Friday. 11:50 AM - Mr. Adams's office has been informed that Chairman Burns will not attend the financing luncheon in Trea sury tomorrow (ikuxRday Wednesday, April 26); also that Mr. Hefflefirwr has been informed that you will arrive late for the ABA luncheon today because of your appointment on the Hill. 11:55 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ga Gabriel Hauge of Mfgrs. Hanover Trust, N.Y., called. He asked that his call be returned. (212-350-4065) Messages for Mr. volcker - 3 - April 25, 1972 1:00 PM - Mr. Hennessy is back and would like to see you sometime today or tomorrow to go over some trade and other matters. 2522 3:15 FM - Charles Powell, Lord Cromer's private secretary at the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis British Embassy, called to extend an invitation to tn you from Lord Cromer to an informal, very small stag dinner party on Friday, May 12th, at which Secretary Connally and Chairman Burns will be present -- there will be only 4 or 5 guests -- at 8:00 pcm. You will be attending the ABA Intl Conf, at Montreal through a concluding luncheon which starts at 12:30 p.m. on Friday, May 12, at which you will speak° NOTE: Mae is working on travel schedules for your return trip to Washington on the afernoon of May 12th. Shall we tell Mr. Powell you will attend, smig*Het if your return schedule to Washington will bring you back in sufficient time to attend the 8:00 p.m. dinner? YES NO (Charles Powell - British Embassy - 462-1340, Ext. 200) Messages for Mr. Volcker 1 April 21 - 24, 1972 Friday, April 21 9:30 AM - Rose Cicala called and sa id to hold the evening of May 3r d for a 7:30 PM working dinner wi th the Secy., you, Mr. Hennessy , and 3 or 4 people from State at Under Secy. Irwin's apartment, 1409-N, Watergate East, 2500 Va . Ave., N. W., to discuss generally Treasury/State relati ons with respect to our political and economic relations around the world. Cal. clear. On cal. 3:30 PM - Jim Smith stopped by and said the appropriation for MOV would come up on the Senate floor next Thursday and Senator Yo ung feels strongly that the Sena te Republican Policy Cmte. needs some backgrounding from you in preparation. W. Smith said the Cmte. only meets from 12 :30 to 1:00 while they eat lunch and he thinks you should me et with them at this time on Tuesday, even though it will make you late for the ABA lunch. He said Senator Young would have to get Chairman Allott's concur rence on this and Mr. Smith said he would let me know when th is is firm. On cal. Monday, April 24 10:30 AM - Mary Finnerty sa id Rose called her Friday and said the Secy. was leaving to go out of town Tuesday afternoon -Rose has a plane reserved for him but didn't say precisely wh en the Secy. would be leaving but sh e did say he would not be he re on Wednesday for the report sessions and wrapup on the fi nancing http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mt. Volcker - 2 - April 21 - 24, 1972 Monday, April 24 'Cont.) 10:40 AM - Mr. Flanigan called and would like to speak to you on the phone just as soon as you return to the office. He also wants to get together with you as soon as possible but wants to talk on the phone first. 145 - 2361 11:45 AM - Mts. Eberle at the White House called and said they would like to re-appoint you to the Board of Governors of the American National Red Cross but want to be sure it is all right with you before doing so. (145 - 2737) All right to tell her this meets with your approval? YES NO NOTE: I found out the Secy. is leaving at noon tomorrow (Tues.) and will be gone for a week. 3:40 PM - Bob McDermott of Mr. Flanigan's office called to say that rather http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis than talking with you over the phone (as had been suggested in the earlier phone call from Mr. Flanigan), Mr. Flanigan woDuld now prefer to set up a meeting. According to his secretary, who came in on the conversation after Mr. McDermott was called to take another phone call, the subject is mainly Canada, and several other subjects ° He considers this urgent and would like to meet continued/3 Messages for Mr. Volcker -3- Monday, April 24, 1972 (He will be out of - with you as early as possible this week. town on Friday.) I have suggested 5:00 p.m. on Wednesday, (in Mr. Flanigan's office) April 26 -- after the financing press briefing -- or an alternative time on Thursday if you preferred. Is it all right to confirm 5:00 p.m. on Wednesday? YES /k/ NO Arrange to meet on Thursday instead (Marge) 4:15 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Weber called to pass on the information to you that Henry Kearns just had a press conference in which he contemplated a further revaluation of the yen in the near future. Treasury has been asked to comment by newspaper people and Mr. Weber has referred them to your remarks in Tokyo. Do you have any further guidance to give Mr. Weber? OixxwItixrnontitixtxWIThx4 copy i§ attached0 of the wire clipilitAximaxxasxitxiaxamaiiahiRx4 (2615) Messages for Mr. Volcker 10:05 AM 1 - Thursday,April 20,1972 /Ian Wolfe stopped by to ask whether he might see you for a few minutes when you are free -- to talk to you about the maintenance of value appropriation. 10:15 AM (8401) am Cross would like a word with you on the phone as soon as you finish with Mr. Llorente, if possible. 5081 minutes before 3:00 PM - Mr. Bennett would like to see you for a few you leave today. 3:45 PM - Mr. Cates called again about the possibility of seeing you for a few minutes before you leave -- to bring you up to date on the Rusian Trade negotiations. 5:30 PM - Mr. Dale called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (8243) He hopes to be able to talk with you before pm, you leave Treasury for a few minutes -- and if not be 6:00 will call you at home this evening after 9:00 p.m. (181-3067) Messages for Mr. Volcker - 1 - Wednesday, April 19,1972 10:35 AM - Ed Berger of FNMA called and asked that you be given the message that FNMA's earnings for the first quarter is 48 per share. (This will be released later this afternoon, and Mr. Berger asked that it be treated as confidential until then.) 1:25 PM -Bill Pearce of STR called with a message for you from Mr. Eberle concerning developments in the OECD meetings in Paris and asked that his call be returned. 1:30 PM -Mr. Foo of USIA called. (9-395-6971) He said he had gotten a "quick" request from the Post in Bogota, Columbia, asking for still photos of you with tile visiting Finance Minister Llorentr at 10:00 a.m. tomorrow (Thursday, April 20). I referred the call to Mr. Weber (who said he had received a similar call from someone else at USIA). NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Cates said Mr. Douglas,of McDonnell Douglas Aircraft Co., was calling about the Corman bill, which would provide at least temporarily for a 3-year period the elimination of duties on certain types of aircraft parts and the way timx;taiiixisx they are defined it would cover only McDonnell Douglas parts manufactured in Canada. Treasury has opposed the bill and has because it not been worried about it/discriminates in favor of one company. Mr. Cates said Mr. Douglas promised to send a letter, which hasn't arrived yet but Mr. Cates will send you a copy when it does arrive. Messages for Mr. Volcker - 2 - Wednesday, April 19, 1972 4:00 PM - Mr. Cates would like to see you for a few minutes to bring you up to date on the Russian trade negotiations. He expects to be in his office until 6:30 PM. (8243). (Thursday, April 20) 4:45 PM - Dr. Burns is anxious to see you tomorrow morning/at any time convenient for you. Catherine has suggested breakfast at the Fed (8:00 AM?) or a time between 11:00 a.m. and 12:30 p.m. She said he mentioned that all he wouldheed is 1/2 hour. She also said Dr. Burns could be here at 6:15 p.m. this evening, if this is all right with you. I told her we would call back with an answer as soon as possible. Do you wish to see him at: (1) Breakfast at the Fed (2) During the period 11:00 a.m. to 12:30 p.m.,(you are seeing Rex Beach at 11:30 p.m.) Shall we suggest 11:00 a.m.? YES NO You have a 5:30 p.m. appointment with John Wilson of Chase Manhattan this evening; and a reception from 6:30 p.m0 which you and Mrs. Volcker are attending at the Washington-Hilton. (3) Will you see Dr. Burns at 6:15 p.m0 this evening? 1 YES NO (147-201) 4:50 PM - Mr. McCamey said Mr. Dow is coming with van Lennep and will http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis probably expect to accompany van Lennep around on his various meetings. Is it OK for Mr. Dow to sit in on the 12:30 meeting - 3 - Messages for Mr.Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis April 19, 1972 between you and Mr. van Lennep? YES • AYe NO Mr. Dow will also probably accompany Mr. van Lennepp to the 4:00 PM meeting with the Secy. until advised otherwise. Messages for Mr. Volcker - 1 - Wednesday-Tues.,Apr.12-18 Wednesday, April 12 4:30 PM - The Japanese News Agency called concerning your travel plans and was referred to Alan Wade. 4:35 PM - Donald Douglas, Jr., of McDonnell Douglas Aircraft Corp. of St. Louis, Mo., called at the suggestion of Secretary Peterson regarding the forthcoming Canadian trade negotiations. His call was transferred to Mr. Cates. Thursday, April 13 3:00 PM - Mr. Tannenbaum in Mr. Cole's office stopped by and said the Judge in the Purvis case handed down a decision for the Government. The only piece of additional evidence was Mr. Roosa's deposition, which evidently did the trick. Mr. Purvis can still appeal but was so shattered by the decision that they rather doubt that he will; he had evidently felt certain he would win. Mr. Tannenbaum will draft a short note for you to send to Mr. Roosa telling him about this. 5:30 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis On Thurs., May 18, you have FNMA Board and FNMA Stockholders meetings, and on Friday evening, May 19, you and Mrs. Volcker were asked to be "hosts" at a table at the 100th Anniversary dinner of the Princeton Club of Washington. Otherwise, cal. clear. Messages for Mr. Volcker - 2 - April 12 - 18, 1972 Friday, April 14 2:30 PM - Mr. Hennessy called and would like you to see Dr. Claudius, Vice President of the Univ. of Wisconsin and Dean of the School of Economics, who is being considered for Deputy of Development Finance, at 3:30 PM on Thursday, April 27. I told Mr. Hennessy that looked all right if you did not go to the EPC meetings in Paris April 27 - 28. would send around a resume. He said he On cal. 4:30 PM - John Wilson, at Chase, called and said he and Mr. Ogden, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Exec. Vice President in charge of the intl. work, are coming down to Washington on Wednesday, April 19th, to see Mr. Schweitzer and were wondering if there might be any chance of their seeing you, particularly at dinner on the 19th -- Mr. Ogden has ka just completed a trip around the world and would like to have a chance to talk with you and dinner would be the only time he would have available. Mr. Wilson said he is on the program cmte. of the ABA Intl. Conference and has charge of one of the panel discussions; they want to guide the discussions and plant a number of questions and he wanted to get some ideas from you. I explained your schedule, and Mr. Wilson concluded that asking you to have dinner with them would be a bit of an imposition under the circumstances and asked about the Messages for Mr. Volcker week of April 24the - 3 - April 12-18, 1972 I told him that was also a bad week for you unless you did not go to the EPC mee ting in Paris on April 27-28. I told him I would put this to you and see what you suggest. His phone in NYC is 552-3701. Monday, April 17 10:30 AM - Prof. Heilbroner, of the University of Texas, called you and cancelled the call when you were not ava ilable. 1:00 PM - Amb. Eberle called you from Paris and talked to Mr. Bennett. NOTE: Jim Smith stopped by to ask about the dates for the OECD Ministerial meeting in Paris and said he needs to have a strategy session with you about getting hearin gs set up on the debt limit at a time when both you and Secy. are available to appear. If the Secy. goes to IADB meeting in Quito, he will be away from May 5 to the 15th and you'll be away the week of May 8th if you attend all of the ABA Intl. Monetary Conference. The Secy. (and presumably you) would be at the OECD Ministerial on Thursday and Friday morning, May 25 - 26. Tuesday, April 18 10:15 AM - Mr. Cates called and said Mr. Mar c DeLogeres, President http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of Michelin, USA, very much wants to talk wit h you sometime in the next couple of weeks. Mr. DeLogeres wants to explain that they are going to expand thei r operations in Canada and, after that, they will mov e down here. Mr. Cates wants you to explain to DeLoge res that whatever Messages for Mr. Volcker - 4 - April 12 - 18, 1972 Tuesday, April 18 (Cont.) we do is going to be the result of legal necessity and Michelin management should not take it personally, and we are delighted that they are moving down here. Is it all right to arrange an appointment sometime the week of May 1st? YES NO 11:40 AM - Mr. Roosa called and said he gathers informally that the Pierre question of a successor to/R±-Paul Schweitzer is, at http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis least in European circles, becoming very active and, from Mr. Roosa's talk to Carli and others, he has the impression that, if it turns out that the U. S. is going to be in favor of not reinstating Pierre-Paul for another term and some others might be thinking that way, then they have to begin thinking of someone else, and yet no one wants to put a view forward if the U. S. already has a view. One name as a possibility would be Ossola, and if you haven't run into this yet, you will probably be running into it in.)London. Mr. Roosa gathers that Mr. Schweitzer's term runs out next (1973) May/but it will be coming to a head in the thinking of some people as early as this Summer so that they can have their thi4ing pretty well agreed in the background before the • Messages for Mr. Volcker - 5 - April 12-18, 1972 Tuesday, April 18 (Cont.) IMF meeting in the Autumn. Mr. Roosa said he has more in the way of background to give you if you have a chance to call him before you go to London. (NYC-483-1818) 1:30 PM - Rex Beach's secretary called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He had just/telephoned her from Madrid to ask her to set up an appointment for him with you, if possible, at any time convenient for you on Thursday, April 20. Mr, Beach has been attending a meeting on shoes in Madrid; Ambassador Kennedy presently is in Brussels; the Ambassador will be going from Brussels to Madrid the end of the week for a "shoes" meeting and Mr. Beach wanted to get some guidance in preparation for the meeting /from you before returning to Madrid to join Mr. Kennedy. I told Mr. Beach's secretary that you would have only two days between European trips and suggested that I call her in the morning after you had been consulted. Is it all right to have Mr. Beach come in at 10:30 a.m. on Thursday morning (after your 10:00 a.m. appointment with Colombian Finance Minister LlorentO? YES NO (Or, possibly, at 8:30 AM, just before Staff Mtg? (Aghda - 632-1793) OTHER Messages for tvir Volcker - 1 - Wednesday, Apr. 12 1972 9:15 AM - Mr. Adams would like to see you for a few minutes. 9:20 AM - Mr. Nelson calhd. He would like to talk with you about the Uruguayan gold problem. (288 4) 9:55 AM -144r. Schoellkopf of Chase Manhattan called and as ked that you be given the message that Bob Ri vel has resigned from the bank and will join Lazard Frer es. ,-04101,467 744,.1 -447,1 Ow' • 4:30 PM - The Japanese News Agencyvcal 44- 110..."1 led concerning your ravel plans and was xRicux eferred to Alan Wade. 4:35 PM - Donald Douglas, Jr0 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis McDonnell Douglas Aircraft Corp . of St. Louis, Mo., called at'b. suggestion of Secretary Peters on regarding the forthcoming Canadi an trade negotiations. I asked whether I might transfer po his call to Mr-Cates, since you were not here, and this was done. Messages for Mr. Volcker 9:25 AM - 1 - Tuesday, April 11, 1972 Mr. Willis has confirmed 3:30 PM the Volcker Group me eting at/&x3a p.m0 this afternoon (for one hour) ON CAL. 9:35 AM - Dr. Wallich ca lled from New Haven to discuss the next Consultants' meeting wi th you - and said that if you had no time to return his call today that this could be taken care of on your return on the 19 th. (He can be reache d any time today on 203-436-8390) 9:50 AM - Mr. Bennett would like to come in to see you at some ti me following your meeting with John Holdridge at 11:00 a.m. an d before your luncheon with Mr. Do nnelley at the Sheraton-Carl ton at 1:00 p.m. 10:05 AM - Ambassador Gree nwald and Weir Brown called from the American ..}.mbassy in Paris - and as ked that you call on your return from the Hill. I had aske d whether Mr. Brown would talk with either Mr Bennett or Mr. Cross in the meantime, but he said he would wait until you he could talk with yo u. (AmEmbassy-Paris) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 2 - Tuesday, April 11, 1972 1205 PM - Mr. Hormats has just informed Mr/Hennessy that since Dr. Kissinger is seeing the President at 5:00 p.m. today, the NSC-SRG Meeting on Chile will now start at 4:00 p.m. instead of 4:30 p.m. He has suggested to Mr. Hennessy that he may want to come to the meeting at 4:00 p.m. to represent Treasury; and that if you wished to attend later, it would be okay. NOTE: You have the Volcker Group meeting at 3:30 p.m. Shall we tell Mr. Hennessy you will join the White House meeting at 4:30 p.m.? YES crY'• NO OTHER (2522) 12:25 PM - Mike Bradfield called and said he heard from Howard Shuman and they are talking about possibly having a perfunctory hearing on the maintenance of value before the Proxmire Crate. on April 14th but will get further word back to Mike when the date is firmed. Mike told Shuman that you would be available on the 19th and 20th but they IS not feel it is necessary to have you testify -- they just want to make a record. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Will you want to have a session with some staff people on the High Level Tradd Report? Messages for 1:15 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Volcker - 3 - April 11, 1972 ike Bradfield call ed and said a hear ing will be held on IDA and MOV at 3: 00 PM this Friday . This is now fi rm. I asked who would testify and he sa id he assumed Mr . Hennessy or Dr. Walker. Messages for Mr. Volcker 1 - April 10, 1972 10:30 AM - Mr. Aliber called you; his secy. talked to me and said she had told him you tried to reach him on Friday and she guessed he was calling you because he was leaving early Wednesday for Europe. (Chicago - AC 312 - 753-4288) 11:50 AM - Mr. Mackour called and said the dinner is all set at Browns Hotel Sunday night and your Monday morning appointments are as follows: 9:00 AM - Yisit Mr. Lever at his house in Eaton Square (Mr. Jenkins will be out of town so it had to be Mr. Lever) 101.30- AM - Visit Lord Harcourt at his office at Morgan Grenfels; Sir John Stevens will probably join in (This will allow you 40 minutes with Harcourt and Stevens and still make your 12:30 flight; Griffins' office contacted Pan Am and they will allow you to board late.) The following appointments have been arranged for Tuesday: 10:00 AM - Senator Proxmire, Rm. 2311, New Senate Office Bldg. (Mr. Bradfield informed of this) 11:40 AM - John Holdridge - to give NSC briefing on Japan 4:45 PM - Mr. Eberle http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Canner said they would have down to you the consolidated Treasury comments on the OECD High Level Trade report in time for you to discuss with Mr. Eberle when he comes; Mr. Canner also said they would need to go over the comments with you before you see Mr. Eberle. I have suggested the best time appears to be just before lunch, depending on how long your 11:00 lasts. Messages for Mk. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - April 10, 1972 After scheduling Mr. Eberle fo r 4:45, I learned that the Secy. had to switch his appointment with Brazilian Finance Minister Delfin Neto from 3:30 to 2:45 and also that you are to atte nd a 4:30 meeting of the NSC - SRG on Chile in the Situatio n Room; Mr. Hennessy says he will acco mpany you. We have, therefor e, changed the Volcker group fr om 2:30 to 3:30. Mr. Eberle 's only appointments tomorrow ar e at 11:00 AM and at 2:45 on the Hill before the Appropriations Cmte., which they understand probably won't take more than about half an hour. He has no dinner engagement and could co me late (you and Mr. Bennett are dining with Messrs. Gaines and von Klemperer at 7:30). I th ought we might call Mr. Eberle whenev er you get back from your 4: 30 meeting unless you prefer anot her time. • • Messages for Mr. Volcker - 1 - April 7, 1972 11:30 AM - Mr. Bennett would like to see you when you are free. NOTE: I told Mr. McKenzie's office you would lunch in Secy's dining room today. NOTE: Your smallpox vaccination needs renewing before April 17. I talked to the Health Unit and Mrs. Graham said, since you have a cold, it would be better to wait and give you the innoculation next Tuesday morning. No other innoculations are required for Tokyo. 12:25 PM - Mr. Weber said to tell you Mr. Kissinger is not scheduled http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to arrive Tokyo until about 10:30 Saturday night, so there should be no problem. Mr. Weber would like to see you. Messages for Mr. Volcker - 1 - Thursday, April 6,1972 11:00 AM - Mr. Hennessy's secretary called to say that he had checked Ambassador Kennedy l s calendar for the suggested meeting with you at 11:30 AM tomorrow, Friday, April 7 - and he is free to meet with you then. (He will come to your office.) ON CAL. (Subject: Textiles: Japan and Brussels) Mr. Hennessy asks whether he may sit it. YES NO (2522) 11:05 AM - Mr. Bennett has several things he would like to talk with you about -- none urgent, but would like to do it early if possible. NOTE: (5848) I told Mr. McKenzie's office that you would lunch in Secy's dining room today. 12:25 PM - Secy's Operator said Rose said Secy. will not be here in the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis morning for the 8:45 Staff Meeting and Dr. Walker is away so Rose suggested checking with you to see whether you will chair the staff meeting or whether they should canc el. You will chair Cancel Messages for Mr. Volcker NOTE: - Wed.,Apr. 5, 1972 1 - Mr. Fiedler has been added to the list of those attending the Fed lunch today; Mr. Auten will not attend. 9:45 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Bob McIntyre, Special Assistant to Mr. Rossides, called. He said Mr. Rossides was making a speech tomorrow to the ItalianAmerican Chamber of Commerce in New York tomorrow (Thursday, April 6), on the subject of "President Nixon's New Economic Policy and the Doctrine of Fairness in International Trade." He said Mr. Rossides would be mentioning that you cannot separate international monetary matters from international trade matters -- and also mentions that we need a forum in which to discuss all these matters. He dictated the follow- ing verbatim paragraph from Mr. Rossides' draft and would like any comment or changes you might suggest before the speech is finalized: "Secretary Connally has commissioned Under Secretary Volcker to discuss with our colleagues around the world the development of just such a forum. Under Secretary Volcker has recently visited England and France, and plans to go in the next week or so to Japan for discussion of this matter." Bob McIntyre -8585. (NOTE: The Italian-American Ch.of Corn. is composed of a group of about 300-400 importers and exporters doing business with Italy.) p. Messages for Mr. Volcker - 2 - Wednesday, April 5, 1972 11:35 AM - Robert P. Ulin of Mobil Oil Corp. called again for an appointment with you to exchange impressions (after his European trip March 23 to March 29, during which time he talked with commercial and investment bankers, etc.) and I have given him 10:45 AM on Friday, April 7. Your calendar is clear then, but I told Mr. Ulin I would make this tentative until confi ik ed foxx by you. Is it all right t YES confirm? NO (Mr. Ukii Ulin - NYC A.C. 212-883-3455.) 12:00 4 A \1 3 y• - Edmund Pendleton's secretary called to say that the brunch for Secretary Butz which had been planned for noon on Sunday, April 9th, has now been cancelled since Secretary Butz is going to Moscow on that day. (Mrs. Volcker advised.) 5:00 PM - Mr. Mackour said, in talking to London on another matter, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Newman had an afterthought and suggested checking with you to see if you would want to make your dinner in London on Sunday after Ditchley black tie. The literature from Ditchley says some men change into dinner jackets but it is not obligatory. Do you wish your dinner on Sunday to be: Black Tie Informal Messages for Mr. Volcker 3 April 5, 1972 6:30 PM - Mr. Adams asked for a time tom orrow morning for a meeting http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis with you and himself, Messrs. Cohen, Chapoton, and Bennett on arbitrage bonds. clear then. He preferred 11:00 and your cal. is I told him that would be fine. Messages for Mr. Volcker - 1 - Tuesday, April 4, 1972 Accompanying you to the luncheon at the Fed Board tomorrow, which Chairman Burns will host, (Wednesday, April 5)/will be Messrs. Bennett, Adams, Snyder NOTE: (and possibly Mr. Auten, who will be completing his jury duty today and expects to be back in his office on Wednesday morning). Messrs. Carlock and Fiedler have other commitments; Mr. Cook is on leave this week. CALL NOTED, NUXXX 10:40 AM Mike Bradfield called and said to tell you "if you want a letter to the Fund announcing the devaluation of the dollar, he will have one up to you in an hour or so." NOTE: At Mr. Bennett's request, I have arranged a meeting on the Fed. Financing Bank with you, Messrs0 Bennet, Adams, and Smith at 3:00 PM tomorrow 11:05 AM - Message from Mrc Bradfield: "The White House Press Office is posting the information that the President is transmitting the maintenance of value appropriation to Congress today." 11:07 AM - Mrc Nelson called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (2884) He asked that his call be returned. Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - April 4, 1972 You and Mr. Bennett are to meet Messrs. Gaines and Von Klemperer in the Montpelier Bar at the Madison Hotel at 7:30 PM on Tuesday, April 11, for dinner. 1 - 'sages for Mr. Volcker NOTE: . You are Acting Secretary today Mcnday, April 3, 1972 The Secretary will be evening. returning from Texas sometime this Dr. Walker is away until April 11. 10:45 AM - Percival Brundage called and said he talked to you over the weekend about seeing you today and you suggested he call your office. The Monetary Cmte. of the Atlantic Council is having another meeting in NYC tomorrow and Messrs. Brundage and Burgess would like to get your views before the meeting. He said they would both be at the Atlantic Council and could come over on short notice, excepting they will be going to lunch about noon at the Metropolitan Club. I told him you were Acting Secy. and had just been called aluntx across the street and it might be better if we called them when we saw a clear spot this afternoon; W. Brundage said this would be fine. 347-9353 s dining 11:00 AM - Mr. Greenlee's office called and said the Secy' http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis room would be closed today -- handling of the Secy's dining room is being transferred from the office of the Administrative Assistant Secy. to the office of Mr. McKenzie Office of Central Services, and I gather luncheon arrangements today dropped between stools and no one caught up with it until iL was too late, so they decided to close the dining room. Messages for Me. Volcker - 2 - April 3, 1972 5:25 PM - Mk. Weber said to tell you "the cat is out of the bag" and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he is already getting requests for interviews with you both before you leave for Japan and in Japan. • Messages for Mr. Volcker -1- Monday-Friday, Mar.27-31,'72 Tuesday, March 28 12:05 PM - Mr. Holland of the Federal Reserve Board called His secre- tary said he knew you were away, but asked that he be listed for a return call from you when you are back, (She said it was important -- and of a personal nature,) She left his home phone, should you find time to talk with him over the weekend: 320-4957; otherwise he can be reached at his office at the Board on 147-3761. 1:05 PM - Mr Finkel called and asked that we put a "tentative" hold on your calendar at 3:30 p.m, on Tuesday, April 11, The Secntary may see Delfim Neto, the Brazilian Finance Minister then (is not firm yet), and you will be invited to attend. CAL. NOTED. Friday, March 31 3:00 PM - Mrs. Edmund E. Pendleton, Jr., called and invited you and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mrs Volcker to a brunch they are giving for Secy. of Agriculture Butz at 12:00 noon on Sunday, April 9th, at their home, 4727 Woodway Lane, N.W„ D. C. I checked and found that Mr. Pendleton (commonly called "Ned") is with the Washington office of a Chicago law firm, Liebman, Williams, Bennett, Baird, and Minow, and he is also, according to Penn James, Republican Chairman for this District (Mr. James wasn't sure whether this was just D. C., the Metropolitan Area, or what) but he is very active in Republican affairs. Your calendar W. - 2 - Messages for Mr. Volcker March 27 - 31, 1972 is clear on Sunday, April 9, excepting you will be flying to Boca Raton sometime, either leaving at 10:00 AM or at 7:20 PM (see attached travel schedules, including trip to Far East). Mrs. Pendleton said it would be a small informal brunch, and she asked me to call and let her know whether or not you can attend. (363-5778) ACCEPT REGRET NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The Secy is out of town and will not be back in his office until Tuesday morning. Dr. Walker is out of town and will not be back until Tuesday, April 11. You are Acting Secy. this weekend through Monday. Mr. Bennett has gone home for the weekend, has a noon speaking engagement in NYC on Monday, and will be back here in the late afternoon. He said if you want to call him at his home any time over the weekend, he can fill you in on several things. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis March 27, 1972 MESSAGE FOR MR. VOLCKER Tilford Gaines tried to reach you and talked to Mr. Bennett. Mr. Gaines is Chairman of the U. S. Council and Chairman of the Council's Monetary Committee of the International Chamber of Commerce. He is also Vice Chairman (Mr. Guth of the Deutschebank is Chairman) and spokesman for the U. S. Council on an ICC Monetary Commission which is undertaking a study of international monetary reform with a view to putting out a report and recommendations. Mr. Gaines will be attending three upcoming meetings centering on international monetary reform: (1) April 18 - a regular meeting of the ICC Monetary Commission, which Mr. Guth will chair. (2) May 2 - a regular meeting of chairmen of interested ICC Commissions with the EC, which Mr. Guth cannot attend and at which Mr. Gaines will be spokesman for the ICC Monetary Commission as well as for the U. S. Council. (3) May 8 - a meeting of the ICC Executive Committee in Venice. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Since Mr. Gaines will be heavily involved as U. S. for spokesman in all of these meetings, he feels the need ional a better feel of the Administration's views on internat Mr. Bennett told Mr. Gaines he would be monetary reform. d glad to meet with him and said he would see if you coul also arrange to meet with him. Mr. Gaines suggested late l afternoon or dinner, or both, on Monday or Tuesday, Apri 11, 3rd or 4th, or Monday, Tuesday, or Thursday, April 10, or 13. ' Ca: Tuesday, April 11, seems best for both you and Bennett. Mr. Would you prefer: 4:30 PM only dinner only */ 4:30 & dinner (NYC - 350-6638; Mr. Gaines' secretary at U. S. Council is Mrs. Sprungli - NYC - 582-4850) ndar Mrs. Sprungli will hold April 11 on Mr. Gaines' cale until we confirm. CC: Mr. Mr. Mr. Mr. Mr. Bennett Hennessy Willis Nelson S. Cross MA 04 9 Messages for Mr. Volcker NOTE: - 1 Friday, March 24, 1972 - - Mr. Willis has asked whether Sam Morrow can pick him up at Treasury on Saturday afternoon, prior to his picking you up at your home, so that he may 7:30 PM Flight to London, may have for Mr. Morrow entrance) where Mr, or 6:15 PM, Ar i to Dulles with you for the b ect to other instructions you he will be at Treasury (the Secy's illis will be ready to leave at 6:00 pm these arrangements satisfactory with you? YES/I L__ Aril( NO (5334) Ito 10:45 AM - Jeanne in Mr. Wm. Dale's office said Mr. Schweitzer's office asked if Mr. Dale would attend/'your meeting with Mt. Schweitzer // at 3:00 today. Do you wis Mr. Dale to attend? YE N0 r\ 12:10 PM - The Secretary is leaving for Boston at 2:30 p.m0 this afternoon -- to return this evening. You will be Acting Sec (per Executive S4 Dr. Walker is away. tary during the Secretary's absence. etariat) 12:30 PM - Mr. Arencibia at the Spanish Embassy called and, after asking http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis if you had rearranged your schedule, said he was very glad you had not shifted anything yet because they have just • Messages for Mr. Volcker - 2 - March 24, 1972 received word from their Government saying that they think since it is so important to have you visit them that/they will not be able on Wednesday to have all four foreign ministers involved in that visit available -- they are very grateful for your willingness to try to rearrange your schedule but their Government would prefer to postpone your visit for your possible trip to Europe the first half of April, if this trip should materialize They would like to give riNTAX your visit the importance it deserves and they a will be looking forward to the month of April and hope to be able to axxRfIgH make arrangements sufficiently in advance that all four ministers will be present. He reiterated several times the gratitude of his Government for your willingness to try to rearrange your schedule to be there on Wednesday. He said he would be in touch with me after Easter to see what the possibilities are for April. 4:10 PM - Mrs. Ankarfors of the Swedish Embassy called to extend an invitation to you from Ambassador de Besche to a stag luncheon at the International Club on Thursday, April 13, from 1:00 pm to 3:00 p.m., to meet the Swedish Secretary of Commerce, Mr. Feldt. Your calendar is clear. Do you wish to accept? YES (RSVP-Miss Peipke, 965-4100, Ext. 226) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NO Messages for Mr. Volcker - 3 - March 24, 1972 6:15 PM - Joe Slevin called and asked if you had yet accepted an http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis invitation to the White House Correspondents' dinner on Saturday, April 29. I told him you had not. very much like to have you come as his guest. will attend. He said he'd The President EPC meets in Paris April 27-28 and Samuels is holding semi-annual consultations with EC in Brussels same day. If you went to either, assume you'd be back Saturday afternoon. Cal0 clear evening of Sat,, Apr. 29. (638-2844) ACCEPT REGRET NOTE: You have pencilled the name "Art Pine/on your calendar on Saturday evening, April 29. Messages for Mr. Volcker - 1 Thursday, March 23, 1972 - 10:00 AM - Caspar Weinberger returned your call of yesterday. 10:30 AM - Deane Hinton would like to talk with you before you leave for Europe, and asked that his call be returned (456-2923) - He knows you will be returning about 1:00 p.m. to Washington on Friday. If you are unable to talk with him on Friday, he can be reached through the White House Operator on Saturday (456-1414) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Rose said the Secy. agreed that he needs to have a session with you before you leave for Europe and he did not demur when she suggested Saturday morning. She said he will not get back into town from a trip until midnight Friday and has several out of town guests (houseguests?) arriving around noon on Saturday, so, depending on how early Secy. gets to the office, she thought he might see you possibly around 9:30 but suggested we keep you free from then until 1:00 PM as a safeguard. Also, prior to giving Messrs, Fowler and Burgess an appointment on Saturday, I asked Mr. Wade's secy. to try to get an answer from Dr, Walker as to whether he would do the May 16 talk at the meeting Mr. Burgess is chairing; she called and said Dr. Walker agreed to do it, she informed Mr. Bradley, who was doing the staff work and who was delighted. Then I called Mr. Fowler's secy0 and explained you had to keep the morning free for the Secy. and I suggested 2:00 PM so you would have time to get home and Messages for Mr,, Volcker - 2 - March 23, 1972 get your bags packed and say goodbye to your family befo re going to the airport to leave for Europe. I was able to find out the reason they want to see you is not the May 16 meeting but Mr,, Burgess has a statement the Finance Cmte. of the Atlantic Council wants to put out and he and Mr. Fowler want to be sure it is all right with you before they put it out. 2:00 o'clock on Exiliay Saturday was agreeable to them and them will be at your office then. Messrs. Hennessy, Bradfield, Finkel and Gordon need to have a session with you on expropriation before you leave for Euro pe and I have told them, if there is not time for this on Frid ay after your 4:30 session with the LDC ED's of the Fund, which Mr. Dale has set up in Treasury Conference Rm. 4125, we will have to fit it in on Saturday sometime. FYI, I made a reservation for you on a 6:40 PM Air France flig ht from London, into Orly at 7:40 PM, on Monday. 3:30 PM - Mr. Roosa's assistant, Mr,. Long, called to suggest, if we hadn't had any luck reaching Mr. Roosa in St. Maarten, we could send something in writing to him via his daughter, Mere dith, who is working for Congressman Clarence Miller here in Wash ington and is flying to St. Maarten this weekend to join her pare nts, Dilr. Long also said, in a conversation you had with Mr. Roos a in which you both were wondering how the EC was goin g to make http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr, Volcker - 3 - March 23, 1972 the narrower bands work technically, you told Mr. Roosa you would ask Mr. Willis to send Mr. Roosa something on this when he got it and Mr. Long suggested if we had anything along this line, it, too, could be sent to Mr. Roosa via Meredith, to Mr. Cole and Mr. Willis, respectively. I conveyed this suggestion Mr. Cole had been trying but had not yet been successful in reaching Mr. Roosa by phone, so I am sure he will send something in writing. Mr. Willis said Mr. Nissenson has been working on the technical aspects of the narrower bands and thought something might be ready that could be sent to Mr Roosa via Meredith. 3:45 PM - Mr. Leddy said the Portuguese desk at State was asking for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis information about the Cascais meeting -- who is attending, times of the sessions, agenda -- and also conveyed the request of our Ambassador to Portugal, Ridgeway Knight, to see you while you are in Portugal. Mr. Leddy is going to tell the Portuguese desk officer that we do not have a list of who is attending the Cascais meetings or an agenda -- the academics have made arrangements -- but we understand the academics are generally arriving on March 28th, the officials on March 29th, ti and the meeting is expected to conclude at noon or early afternoon on March 31st; further that you have a tight schedule and may have to miss the discussion on the evening of the 29th, which will dismay the academics, and need to get back to W. Messages for Mr. Volcker - 4 - Washington immediately after the meeting. March 23, 1972 I told Mr. Leddy I had requested auto transport from the Embassy for you from Lisbon Airport to Cascais and back and said, if the Ambassador were sufficiently interested, one possibility would be for him to drive to Cascais and ride with you to the Airport and talk Mr. Leddy will suggest this earlier (Mr. Rendall had/called me about the briefing en route and at the Airport. possibility. book he is doing for you in case you stop in Madrid and had asked if you would see anyone in Portugal; I said I doubted you'd have time but asked if there were any special problems we had with Portugal that might make this desirable. He said we have problems but none that you can resolve evidently at this stage. I will tell him that you may see Amb. Ridgeway.) 6:20 PM - Chrm,, Burns called and would like to speak to you on the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis phone on your return. W http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1 9:00 AM - Mr. Hoyt, OFDI, called, returned. - Wednesday, March 22, 1972 He asked that his call be (Mr. Hoyt will be out of his office until 2:00 P M.) (183-7327) 9:30 AM - Willard Rappleye, Editor of the American Bankers in New York, called. He asked that you be given the details of his call, should you be unable to talk with him before you leave for Europe. He mentioned the fact that you know his London Bureau Chief, Stefan Mendelsohn. The American Banker is developing a story about the European reaction to the various suggestions that have been made by you and the Secretary on the whole panoply of ideas for international monetary reform. Mr. Rappleye and Mr. Mendelsohn are both very anxious to have you see Mr. Mendelsohn when you are in Europe for a private backgrounder0 you are familiar with Mr. Mendelsohn's work, He said Is there any chance for Mr. Mendelsohn to see you either in Paris or Portugal; he will go anywhere to meet you. If any- thing can be worked out, they would be delighted and it would be understood that the talk would be under background terms -- no attribution to you 9 so that they may get some sense of perspective and order in these various ideas. Mr. Rappleye's no. in New York is A.C.563-1900. continued/2 Messages for Mr. Volcker - 2 - Wednesday, March 22,1972 Willard Rappleye (American Banker) - contd. I explained to Mr. Rappleye that you would be pushed for time since you were leaving for New York late this afternoon, and there was the possibLlity that you would be unable to return his call. Should this be the case, he suggested that itxmiglitxbRxmoxRxmaRmEmiffrit you might if convenient call Mr. Mendelsohn while in Europe/. His phone number in London is 606-1234. (Mr. Rappleye will make the appointment from New York if this can be worked out before you leave and are willing to talk with Mr. Mendelsohn.) 9:40 AM - Will you have lunch in the Secretary's Dining Room today? (Secy's plans changed; he is not lunching in dining room.) ill ii-ave—h+s--parreh—th•ere7+ YES NO (5193) 10:30 AM - Gov. Daane called. for about 5 min. He is anxious to see you/and would like to come to Treasury after your 11:00 a.m0 appointment, or when you can see him. 11:00 AM - Mr.Bradfield called (147-211) He asked that his call be returned. (8101) 10:45 AM - Mr. Christie, President of Riggs Bank, called and wanted http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to see you to ask you to make a talk. When I explained your schedule, he said he would send you a letter, Messages for Mr. Volcker - 3 - March 22, 1972 10:50 AM - Mr. Preeg,in Mr. Samuels' office, called and said Mr. Samuels is away this week but wanted to convey to you the information that the next in the series of semi-annual Samuels-Dahrendorf talks -- the bilateral meetings between the U. S. and the E. C. -- will be held in Brussels on Thursday and Friday, April 27 - 28, and Mr. Samuels hopes that you will be able to attend. Mr. Preeg said there was no rush in confirming Treasury's representation but he wanted to let us know the dates of the meetings as soon as he knew them. You will be in England for the Ditchley conference the weekend of April 21 - 23, returning on the 24th for meetings with our financing cmtes. on April 25 and 26 on our quarterly refunding; EPC is meeting in Paris on April 27 - 28, the same days as the Brussels meetings. NOTE: Robert Cole needs to see you about the Purv is case and getting Mr, Roosa or someone to testify; he hopes to see you before you leave for the airport today or, in any event, before you get off for Europe. 12:00 M - Former Secy. Fowler called and said he and Randolph Burgess http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis wanted to come in to see you before you leav e on your European trip; Mr. Fowler plans to come down to Washington on Friday and was thinking in terms of any time on Saturday, Messages for Mr. Volcker March 22, 1972 - 4 - if you are going to be in your office. They may want to see you about getting you to speak at the May 16 meeting that Mr. Burgess is chairing and that you are trying to get Mr. Wade to ask Dr. Walker to do. What shall we tell Mr. Fowler? 12:05 PM - Gov. Daane called and is anxious to see you or, if necessary, said he could do it on the phone -- before you leave on your trip, 12:07 PM - Joan Cameron in the office of the Canadian Ambassador called to extend an invitaLion to you and Mrs. Volcker to a black tie dinner Ambassador and Mrs. Cadieux are giving at the Canadian Embassy residence at 8:00 PM on Monday, April 3. Your cal. is clear. (785-1400, Ext. 277) ACCEPT REGRET 12:10 PM - Mr. Bradfield called and wonders if you would like to have the President make a signing statement on the par revaluation bill; if so, he will be glad to try to draft something if you can give him some guidance on what you think should be in it. 12:15 PM - Mr. Weber said you agreed to meet with the Editorial Board http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of the Milwaukee Journal if it could be fittcEd into your schedule; they have scheduled it for 10:15. The Editorial Board will be most interested in the state of the economy; the CPI will be out this afternoon and Mr. Fiedler is Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 5 - March 22, 1972 getting some material ready for the Secy., which may not be ready before you leave this afternoon but should be ready in time for Mr. Weber to bring with him; he's leaving for Waukesha in the morning and will arrive before you do. Tuesday, March 21, 1972 1 - Meaages for Mr. Volcker message that she has 9:15 AM - Peter Towe's secretary called with the ents, made reservations for your lunch with him at the II Contin Washington Hotel, and would you please meet Mr. Tome there at 1:00 p.m. ON CAL. Adams 9:45 AM - Jesseh9R-4k is out of town today. His secretary has said his calendar is clear at 2:30 p.m. tomorrow (Wednesday) and I suggested that he come to see you then. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (ON CAL.) 1:—thought V1e-i-rs--- I spoke W' h Mr. Adams' secretary again he might return before the Senateiarfc Qiittee tomorrow morning and she thought it mgrifbe at noon. bett m his 10:00 a.m. appearance his office I ld her 12:30 p.m. might be than the 2:30 p.m. appointment - d given him earlier since you would be leaving Treasury about 3:3 and he will come in at 12:30 p.m. instead. . for National, ON CAL. • March 21, 1972 - 2 - Messages for Mro Volcker 10:20 AM - Mr. Rappleye, of the American Banker, called you from N:Y and would like to speak to you on the phone about coverage on your trip to Europe. NYC - 563-1900 10:35 AM -Mr. Peter Towe l s secy called and said, if you agree, Mr. Towe would like to bring along with him Mr. Robert Bryce, Canadian ED at the IMF, at your lunch today. Is this OK? YES NO 11:45 AM r Mr. Snyder called about the financing people meeting with you for a final focus as soon as possible, They are all on stand- by before your luncheon with Mr. Towe, if possible. whether 2:30 p.m I asked (on your return from lunch) might be too late -- and Mr. Snyder suggested that it would be better to settle before then. (Mr. Snyder is in Mr. Cook's office - 2045.) whether you 2:20 PM - Mr. Meissner called for Mr. Hennessy to inquire http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Amb. were attending the Secretary's meeting with the new U.S, n. to Japan, Robert Ingersol at 3:00 p.m. this aftrnoo him it was on your calendar, in if you were unable to, (Mr.Meissner - 252 2 He said Mr. Hennessy vould sit Shall we tell him you are attending? YES Mr. Hennessy to sit in I told NO Messages for Mr. Volcker - 3 - Tuesday, March 21, 1972 3:25 PM - Gene Knorr called to say that he is setting up appointments for you and the Secretary on the Hill from 9:00 a.m. to 11:00 a.m. tomorrow morning (Wednesday, March 22) - and will call back with the details when the appointments are arranged. 3:30 PM - Mr. Bradfield called. (8101) to 43. He asked that his call be returned. He called a bit later and said the vote was 342 He still would like to speak to you when there is a chance, 4:25 PM - Mr. Jim Smith stopped by and said they have a firm appointment for you and the Secy. to see Chairman Mahon and Congressman Bow at 9:30 tomorrow morning in the Committee H. 218 office at the Capitol/and are trying to firm up a 10:15 appointment for you with Messrs, Ellender and Young, 5:55 PM - Rose said the Secy0 isn't coming into the office before http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis going to the Hill in the morning and will be at the Secy's ramp here at Treasury atx0AR at 9:10 AM to pick up Mr. Smith and would be glad to have you ride up to the Hill with him if you wish (I gather he wouldn't care if you preferred to go up on your own if you wish), Messages 9:10 AM . Volcker rs. Marina Whitman, CEA, called. returned. Monday, March 20, 1972 1 - She asked that her call be (Her secretary didn't know what the purpose of her call was, but mentioned the fact that she had a 10:00 a.m. appointment with the Roumanians. (L035036) 9:30 AM - Miss Dubreuil at the Spanish Embassy called and said -designate Angel Sagaz Ambassador/Axgmaies would like to come in to see you she specifically suggested sometime this week any time except Thursday --/this afternoon or tomorrow. morning. NOTE: I have suggested 11:00 tomorrow On cal. I have also given Mr. Mazio, of EC, 10:30 AM tomorrow, 10:30 AM - Mr. G. Speltincx, Economic Attache at the Belgian Embassy, called. He had called the Secretary's office concerning an article in today's Wall Street Journal by Richard Janssen of an interview with the Secretary and Mr. Speltincx was referred to you. He asked that his call be returned. (333-6900) 10:37 AM - Mr. Dale asked that you be given the message that over the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis weekend the quorum requirements on the Governors' vote in regard to summarizing the accounts in SDR's was met. The resolution will be adopted whether the U. S. votes or not. (This vote is due by midnight tonight.) Messages for Mr, Volcker - 2 - Monday, March 20, 1972 Adams has left for New York -- to return Wednesday 3:15 PM morning. 6:00 PM - Mr. Pelikan called to ask whether you wanted to see him this evening about the EEC - Spain and Israel paper which you had indicated you wanted to talk with him about. He was told that you had a group meeting in your office which would go on for a while, and he said that he was attending shortly, a dinner and would have to leave/ He is ready whenever you would like him to come in. 6:50 P http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - . Hennessy called. (5617) He asked that his call be returned. 7 1d/ (2522) (His secretary said he expected to be ti-ere for a while.) A - 1 - Messages for Mr. Volcker 9:20 AM - Gov. Daane called. Friday, March 17, 1972 He asked that his call be returned. (147-211) now ix/suggested for 9:40 AM - Mr. Meissner has advised us that the time with the the new Ambassador to Japan's (Ingersol) appointment Secretary 's 5:00 pm Qierlilesday, March 21, confirmed by the Sec AEy's office yet. for a Volcker Group meeting at 4:00 p.m.) This has not been (You have a "hold" CAL, NOTED. whether he can say the 10:40 AM - Mr. Weber would like guidance on Secy. spoke Ossola visit is one of the contacts that the any inquiries about in his speech -- in case Mr. Weber gets from the press, which he has not as yet. 12:00 Noon-Kenneth Dam called. He asked that his call be returned. (103-384) the Secretary will be at 12:15 PM - Mr. Ingersol's appointment with 3:00 PM CAL. uesday, March 21, as originally scheduled. ON e will be a meeting 12:20 PM - Mr, Fiedler's secy. call-e-d and said ther http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis nue in Dr. Walker's office from 2:00 to 2:45 PM today on reve estimates and overwithholding and you are invited. Also attending will be Mr. Adams, Mr. Seagal, Mr. Lusk, Mr. Leahey, and Mr iedler, You are lunching in the Secy's ivited, we just discovered , office, with some pe6i-&—he , from Mr. Greenlee's office,and you are due at 12th & Pa. Ave, Tony NW, for the filming of the interview with Ed Dale and s Thomas for USIA. See attached revised receipts estimate the meeting, left this morning by Mr. Fitzpatrick evidently for Messages for Mro Volcker - 2 - Friday, March 17, 1972 1:00 PM - Hugh Stokley of the Girard Bank of Phila0 called again tilisx concerning an appointment with you at 10 or 11:00 a.m. on Monday morning, March 20, when he expects to be in Washington0 and give him an appointment Shall we tell him that you are ABLE / or UNABLE with to fit him in/your schedule, and suggest that perhaps he might talk with Mr. Adams if this could be arranged. (A.C. 215-585-3310) 1:30 PM - John MacKennon's secretary (he is Treasurer of the Postal http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Service) called to ask whether you could see him and Richard Gould, Assistant Postmaster General for Finance -- concerning the general financial policy associated with the new Postal on Monday, March 20th. Service procedures/. She mentioned the fact that Mr. Gould has a speaking engagement in the morning -- and about 5:30 p.m0 would be a good time if you can fit them into your schedule. 5:30 p.m0 is clear (you have William Grant of Smith, Barney and Company coming in at 5:00 p.m.). ShaiixwExaxxxxgRxtkE Will you see Messrs. MacKennon and GOULD? YES If yes, arrange for 5:30 p.m. on Monday, March 20 (or) suggest that they talk with Mr, Adams (Betty Bell - 961-6173) NO March 17, 1972 - 3 - Messages for My. Volcker 2:40 PM - M'. Vienot's secy. called and said he has a letter from Mr. 1 Giscard d'Estaing for Secy. Connally which he, Mr. Vienot, ' would like to leave with you. I suggested 5:00 PM today and he will be here at that time. 3:15 PM - The secretary for Mr. Aldo Mazio, Head of the Delegation of the Commission of the European Communities, called. Mr. Mazio would like to see you next week - and can come at your convenience on Monday, Tuesday or Friday of next week. (His secretary was unable to say what the purpose of the visit might be.) Shall we arrange an appointment for Mr. Mazio? YES NO (Miss d'Oberndorff - 296-5145) 3:30 PM - Mr. Pelikan stopped by. He would like to see you very briefly about tariff negotiations mentioned in the Secretary's speech on Wednesday. (5617) on the phone. 4:00 PM - Dr. Burns called and would like to speak to you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Also, Catherine said Dr. Burns had talked to you about seeing you on Sunday and he wondered if you and Mrs. Volcker would like to come to supper with him and Mrs. Burns around 6:00 on Sunday, and then you and he would talk and the ladies could talk. I checked with Mrs. Volcker to see what you might have scheduled; she said she is taking Jimmy to see the H. L. Menken thing in the afternoon but that is over at 5:00, but the last installment of Elizabeth is on Channel 26 Sunday night, which she would hate to miss, and she would rather not go to the Burns' unless you think it is important that she should. Also, Catherine said Dr Tuengeler of the Bundesbank is coming to Washington on March 29th and will see Dr. Burns in the late morning and would like to see you. I told Catherine you would be in Europe all of that week, returning on the evening of March 31st. plans. She said she would see what that would do to Mr ° Tuengeler's (Susan Steiner had not heard that Tuengeler was coming to the States and Mr. Bean says everything is sewed up on the offsets and Mr. Tuengeler may want to see you just to discuss broad monetary matters.) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 March 17, 1972 - 4 - Messages for Mr,. Volcker Susan Steiner checked with her contact at the local EC office and said Mazio wants a general tour d'horizon before you go to Europe in reaction to the Secy's speech and probably wants to offer assistance. Susan won't be here next week and said perhaps Mr. Cates could sit in when Mazio comes if you'd like someone to take notes. Would you like Mr, Cates? YES NO Messages for Mr. Volcker 1 - March 16, 1972 9:40 AM - Beckey Hunter of Mr. Mitchell's office in the British Embassy called to try to arrange a meeting with you and Mr. Mitchell at your convenience either today or tomorrow because 511 t7riA Mr. Mitchell is going on leave; he would also like to do a little gossiping with you on the Secretary's speech last night D° 462-1340, ext. 440 Your calendar is free at Noon today or maybe something this afternoon 10:20 AM - Deane Hinton is back in his office and called. we'd call again when you got free. I said 145 - 2923 11:20 AM - Mr. Bradfield called and said you wanted to see him and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Cross on the CIEP memo and asked that they be called when your present visitors leave. - 2 - Messages for Mr. Volcker Thursday, Mar.16,1972 1:15 FM - Mr. Hennessy called to say that he was back, and when you have some free time he would like to come in to talk with 1 you. (2522) 1:42 PMSecretary stopped by - "to check on the money markets and see what's happening." He said no hurry - to give him a call. 3:30 PM - Mr. Roosa called. He asked that his call be returned. (A.C. 212-483-1818) 4:25 PM - Derek Mitchell's secretary called with the message that Mr. Mitchell has been in touch with Sir Alan Neale of the U.K. Treasury and Sir Alan will be in London on Monday, March 27th. He will be delighted to see you, if you can see your way to stop by. Sir Alan will, himself, be leaving on the evening of Monday, March 27, for Paris. Mr. Mitchell would like to know if you are able to stop by in London and • to Sir Alan. (Mr. Mitchell he will then convey the message will be in his office until about 6:00 p.m. this evening.) (477-3186) 4:30 PM - Mr. Weber called with the answer to youliquestion as to whose http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis story appeared in the Paris International Herald Tribune.-It was B• art Rowen's story. i Messages for Mre Volcker 4:40 PM - Gov. Daane called. - 3 - Thursday, March 16, 1972 He asked that his call be returned. (147-2I1) NOTE: you weru ,I,oing to try to Marty Miller wanted you reminded that • to see Miller trying • get •an answer from the Secy. •about Mr. John de Butts. NOTE: to you about a couple Joe Slevin called and would like to talk of points in the Secy's speech. ME 8-2844 5:00 PM - Sam Cross would like to see you when there is a chance. ME http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr, Volcker - 1 - March 15, 1972 10:20 AM t Gov. Daane called and would like to speak to you on the phone. 12:30 PM - Mr. Fiedler's secy. called and said at the March 3 staff meeting, Mr. Fiedler requested that everyone write a memoabout the issues and policies the President will face in his second term," and the deadline was March 10. Mr. Fiedler's secy. was calling to follow up, since they haven't received a memo from you. Shall I ask Mr. Bennett to draft something? YES NO 1:30 PM - Secretary's Operator called to confirm that there will be a staff meeting in Room 4426 on Friday morning. 2:15 PM ON CAL. off 2:30 pm start/the . B5flnett stopped by to say that he would Consultations meeting with the technical details of last year's balance of payments (which should take about 45 min.); and unless you have joined the meeting prior to that time, he will call to let you know when the technical portion is over. He also wanted to remind you that he is going on leave for a week, starting tomorrow morning, and wanted to discuss several matters with you. 2:40 PM - Govt. Daane called to sw http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that you had agreed to get together IMF this afternoon after the/consultations - and I have suggested 5:00 PM. ON CAL. Messages for Mr Volcker - 2 - Wednesday, March 15, 1972 3:00 PM - Rich Thomas of Newsweek called again (he had called yesterday). He hoped you, (preferably) or Mr. Hennessy, or someone else you might designate, could see Henry Trewhitt who is dipl omatic correspondent at the State Department for Newsweek ° Mr, Trewhitt is going to Canada on Sunday and would like to talk with someone in Treasury to find out basically what the status is and some background -- where things stand with U.S.-Canadian relations on monetary and trade negotiations. Mr. Thomas would like to come along with Mr. Trew hitt. Do you want to talk with Mr. Trewhitt? YES NO Arrange for him to see Mr. Hennessy? YES NO OTHER (298-7880, Ext. 25) 3:25 FM - Mr. Rondo of the Japanese Embassy called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said that the the last time he had met with you, you had wanted to know who is going to take part in the WP-3 meeting from the Japa nese side. He said this would be Mr. Kashiwag i (Special Adviser to the Minister of Finance) - and also, Deputy Coun selor for International Monetary Affairs, Mr. Fujeoka. Messages for Mr.Volcker - 3 - Wednesday, March 15, 1972 4:30 PM -Hugh Stokely, Economist, Girard Bank, Phila. , called. He is going to be in Washington on Monday morning, March 20, and wondered whether he could stop in to see you abo ut 10:00 a.m. or 11:00 a.m. (His secretary was unable to say what it was Mr. Stokely wanted to talk about, but mentioned the fact that you had met on a recent visit of the office rs of the Girard Bank to Washington. Your calendar is clear. Shall we arrange an appointment for Mr. Stokely? YES NO X (A.C. 215-585-3310) 4:55 PM - Matthew Marks just called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He had just had a discussion with Jules Katz of the State Department on "bilat eral discussions on 'second clears' between Canada and the U.S." Mr. Marks had been given instructions by Mr. Rossides (which he had gotten from the Secretary) with respect to the Tre asury position, which he presented to Mr. Katz. Mr. Katz had strong dis- agreement with the position taken by Mr. Mar ks and indicated to him that he would be calling you. Mr. Marks would like to talk with you on the phone before Mr. Katz reaches you. (5538) Messages for Mr. Volcker _ _ Wednesday, March 15,1972 IS PM - Bradford Mills called and asked that his call be returned. (He expects to be in his office until about 5:45 pm)032-8584) 5:30 PM - Frank Southwrd called and asked that his call be returned. (He will be in his office until 6:00 p.m.) -(181-3004) 5:45 PM - Deane Hinton called and would like to speak to you on the phone yo when you are free2923 5:50 PM - Mr. Bennett would like to see you when you are free. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • Messages for Mr. Volcker 9:05 AM - Derek Mitchell called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 1 - Tuesday, March 14, 1972 He asked that his call be returned. *kg (462-1340 - Ext. 435) I Tuesday, March 14, 1972 - 2 - Messages for Mr. Volcker 10:00 AM - Mr. Towe's secretary called. He wondered whether you and he week, could get together for lunch either on Friday of this or one day next week. be here. Friday, March 17 - Cal. presently clear; Ossola will a . Monday, March 20 - Secy. is hosting luncheon for Prof Mane Manescu, Chairman of the Economic Council of Roumania, which you may attend. Tuesday, March 21 - Cal. clear. Wednesday, Mar.22 - Lunch at Fed Board Thurs., Mar. 23 Fri., Mar. 24 - In Waukesha, Wis. - Lunch with Rene Larre and Milton Gilbert. Do you wish to accept Mr. Towe's luncheon invitation? YES NO h 21? If yes, is it all right to arrange it for Tues., Marc YES NO (785-1400) he said not to interrupt 10:15 AM - The Secy. came down looking for you; . your meeting but to let him know when you were back writing a column about 11:30 AM - Joe Livingston called and said he is http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Bennett the intl. monetary situation; he had talked to Mr. is out of last week and had just tried to reach him but he k one point town; Mr. Livingston said he just wants to chec with you MO Mb as to whether you are going to go ahead with some meetings or not. Phila. - AC 215 - 787-8767 or 8. _ 3 _ Messages for Mr. Volcker Tuesday, March 14, 1972 11:10 AM - Larry Mayer of Fortuna Magazine called. He asked to talk with you briefly (off-the-record) about the article in this morning' TIMES (p.59) by Clyde Farnsworth concerning the statement Chairman Burns was reported to have made in Switzerlanddthat the U. S. was prepared to bdgin discussions on reform of the monetary system. Mr. Mayer said this confused him, in view of what you had told him about a week ago, and he is interested in your comment on what Chairman Burns is reported to have said. He expects to be in his office until 5:30 p.m. or 6:00 p.m. and asked that his call be returned when you are free. (A.C. 212-556-3616) NOTE: Prof. Fellner called and said he won't be able to keep the appointment he had made with you for 5:00 on March 21. He is feeling all right and recovering very well from his operation but the doctors don't want him to move about too much for a couple of weeks. He hopes to be able to be at the Cascais conference, however. 12:15 PM - Mr. Adams (Dick) would like to see you about a couple of things sometime this afternoon when you get finished with the Secy's speech. 12:30 PM - Patrick Conor, of Journal of Commerce would like to speak to you on the phone about the story out of Zurich about Dr. Burns saying we are ready to begin discussions on the reform of the intl. monetary system. He is confused because he understood we weren't yet ready to start discussions and would appreciate clarification. NYC - 425-1616, Ext. 278 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 March 14, 1972 - 4 - Messages for Mr. Volcker 2:40 PM - Rich Thomas, of Newsweek, called and said he and Henry Trewhitt would like to talk to you or, at your designation, Mr. Hennessy, on U Mr. Trewitt is going to do a major article S. - Canadian relations and is going to Canada this Sunday and would like to talk to whoever he should in the Treasury to get some background -- and Mr. Thomas would like to come along to listen and maybe ask some questions. Mr. Hennessy see You see (298-7880) know he was back and that 5:15 PM - Gov. Daane called to let you want to talk with he could be reached at his home should you him. (538-7167) CALENDAR NOTE FROM MRS. VOLCKER: Mr. and Mrs. Volcker to have -- at dinner with Mr. and Mrs. Ed Cohen on Friday, March 27 the Cohen home. (Mrs. Volcker will have the details.) 6:45 FM - Mr. Hennessy called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He is going to New York with the Secretary tomorrow and will be out of town for two days. He needs to see you for 10 or 15 minutes; is leaving Treasury within a few minutes to attend a dinner. If you can talk with him at his home (I told him you also had a dinner engagement) sometime tonight, he has left his home phone: 255-7246 He is leaving for New York at 9:00 a_m0 tomorrow morning and has suggested that should he not talk with you this contd-5 Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 5 - Tuesday, March 14, 1972 - (Mr. Hennessy) perhaps he can meet with you in your office at 8:00 a.m0 tomorrow morning. Shall I leave word at his home that you will meet with him at 9 8:00 AM Wednesday morning? YES NO Messages for Mr. Volcker - 1 - Monday,March 13,1972 9:55 AM - The Secy's Dining Room is closed today (private luncheon). 10:50 AM - Hobart Rowen called. He asked whether he might come in to see you for a few minutes today -- about the current situation. I asked him whether he specifically wanted to see you today and he said it would be most helpful. (223-7323) 10:55 AM - Bo Kjellem, Head of the private office of the Secretary http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis General, OECD Headquarters in Paris, called. The Secretary General asked him to deliver a message from him to you. Mr. Kjellem is going to be in Washington until tomorrow. this morning He can be reached until 11:30 a.m./at 298-8755; later this afternoon he said it would be difficult to reach him since he would be at the State Department. I told him I would give you the message that he hoped you could return his call by 11:30 a.m0 this morninge Messages for Mr. Volcker Monday,March 13,1972 - 2 - 11:30 AM - Leonard Silk of the New York Times called. He said he was writing his Wednesday column this afternoon and wondered whether he might have two minutes with you on the phone about the issue of convertibility. I explained that you had a full schedule - and didn't know when, if at all, youx could return his call today. He said he was working at home today and could be reached at any time that you have a moment. (A.G. 201-746-9832.) staff called to 11:45 AM - Secy. to Robert L. Price of Mr. Flanigan's say that the place of meeting had been changed for the 2:30 p.m. and 3:30 p.m. meetings this afternoon. Both will be held in the National Chamber of Commerce Bldg. at 1615 H St., N.W. (attendees will be directedto the meeting room from the lobby of the building). CAL, NOTED. , 11:50 AM - Hobart Rowan is coming in at noon, tomorrow - Tuesday March 14. ON CALL, 11:55 AM - Gov, Daane called from Basle. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that you Kaiix return his call and left the following numbers in Basle: Washington time - 12:00 to 1:00 pm - at a private residence Phone: 474528 - 1:00 to 2:00 pm - at Milton Gilbert's home - phone: 236257 - after 2:00 p.m. he will belaying dinner at the Schutzenhaus Restaurant (reservation in Milton Gilbert's name) - phone: 236760. _ 3 _ Messages for Mr. Volcker Monday, March 13, 1972 12:10 PM - Larry Malkin of Times Magazine called. with you about 2 things -- (1) He would like to talk Proposals for what is known as Group of 20 negotiations through IMF E.D.'s, and in particular raising that on a political level; 2) he is curious to know if you can give him guidance on the "five trading blocs." He said when you were free, he would appreciate a call. (293-4300) 1:45 PM - Kenneth Dam called. He asked that his call be returned. (103-3864) 11:00 AM - Prof. Machlup called and said last Friday you said you would very much like to have George Willis come along to the Cascais meeting. He has talked to Prof. Fellner who said by all means have George Willis attend. Prof. Machlup will send Mr. Willis an invitation in writing. I assume you will wish to inform Mr. Willis of this yourself. 3:00 PM - Mr. Willis called. He would like to talk with you on your return from the Chamber of Commerce meeting. I told him I thought you would be back about 4:45 p.m. (5334) 3:05 PM - Alan Wade called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said Dow Jones says you are g)ing to y meet with Messrs. Fowler, Roosa and other influential monetar know economists later this week - and Mr. Wade would like to if this is true, and when. (5252) 5:00 PM - Mr. Bennett would like to come in to see you for a few minutes http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis before he leaves Treasury at 6:15 p.m. Messages for Mr. Volcker 8:55 AM - Deane Hinton called. - it) Friday, March -0, 1972 He asked that his call be returned. (456-2923) 9:15 AM - Miss Moser of the Washington office of Chase Manhattan called again for Gene Birnbaum -- to ask whether you would be free for lunch on either Monday or Tuesday of next week when he will be in Washington - or an appointment if lunch is not possible ° She had called previously on Wednesday, this morning March 8; and asked/whether we had an answer for her. Shall we say that yoxxxuaimulaxximxfxii you are not free for either lunch or an appointment on either of the days? YES NO OTHER (Miss Moser - 296-5750) 2:15 PM - Hans Widenmann called and, when I told his secy. you were in a meeting and might not be out until late afternoon, she said he would try to reach you at home, 5:45 PM - Jim Smith needs to see you re attached, which he needs http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to get up to the Hill first thing Monday morning, and also on a related matter. 2038 Thursday, March 9, 1972 Messages for Mr. Volcker 8:55 AM - Mr. Nelson called to talk with you about the market, which he said is acting up. 8:57 AM - The Secretary would like to talk with you on the phone. (Called the Secretary's entrance and was told you had come in; suggested to Bevery that she get the message to you in the Conference Room.) 10:30 AM - Jim Smith called from the Hill to confirm that there will be House confreres on the debt ceiling: Congressmen Mills, Mrs. Unman, Burke and/Griffiths from the Democratic side - and on the Republican side, Congressmen Byrnes, Betts and Schneebeli. He also wanted to remind you that you wanted to talk with Caspar Weinberger this morning. Mr. Smith will call again later this morning concerning your conversation with Mr. Weinberger. Senate confreres are: Democrats - Senators Long, Talmadge and Anderson; Republicans - Senators Bennett and Curtis. NOTE: Since you will be on the Hill at 1:00 p.m., I informed the Administrative Office (when they called to ask whether you would have lunch in the Secretary's Dining Room) that you would not have lunch there today. 10:35 AM - Deane Hinton called and would like to speak to you sometime http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis today on the phone, although he said it was not urgent. 145 - 2923 • Messages for Mr. Volcker NOTE: March 9, 1972 - 2 - Catherine Millardi said Mr. Samuels is going to be away all of the week of March 20, when Henri Bizot will be in the States; therefore Samuels will not see Bizot. Catherine said she would schedule Bizot to see you at 11:30 on March 21st (time I had suggested) and arrange for him to see Chrm. Burns in the afternoon, since there will be RR a FOMC meeting the morning of the 21st. 11:15 AM - Mr. Bennett would like to see you when you return about a possible press conference this afternoon. 11:20 AM - Frank Southard of the Fund called. returned. (181-3004). He asked that his call be His secretary mentioned the fact that he would be leaving his office, but she will reach him when you call him. 11:00 AM - T. Guilford Smith http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Carteret, N President of the U.S. Metals Company in J. (who said he was a very good friend of the President), called to talk with you about the dollar. I told him you were in a meeting and suggested that perhaps Mr.Nelson might help him. Mr. Smith said his concern was stopping the flow of speculative dollars -- and was something being done about this. He told me he had also tried to reach Mr. Nelson in a meeting. who was I asked where he could be reached during his stay in Washington - and he said he would just cancel the call and get in touch with William McChesney Martin. Messages for Mr. Volcker - 3 - March 9, 1972 11:30 AM - Mr. Roosa called you and talked to me and said he wanted to talk to you thota about the way things are falling apart on the foreign exchanges again. He said "The way this thing keeps swerving -- apparently the Dutch have taken in $300 million today -- they say they have -- and the real risk is we will have by the start of next week a two dollar system, with the rest of the world imposing it on us. Mxx I think we can avoid it if we are willing to discuss it with them." Mr. Roosa said he would be in his office all day, he thought. NYC - 483-1818 11:32 AM - Bill Dale called and said he has something fairly urgent that he needs to discuss with you sometime during the morning, if possible, on the phone, I think. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 181 - 3067 Joe Slevin stopped by as he was going down the hall to make his usual inquiry about a taping session on Saturday. Messages for Mr. Volcker - ••• Thursday, March 9, 1972 12:45 FM - Is it all right to tell Dr. Wallich's secretary that you will have lunch with the Consultants tomorrow (Marl* 10)? YES NO (5881) 2:20 PM - Hans Widenmann called and asked that his call be returned when you are free. (A.C. 212-530-4114) (He asked to be transferred to Mr. Bennett when he learned you were not available.) 2:50 PM - James A. Byrd of the 1st National Bank of Dallas, Texas, called. He asked that his call be returned. (Callback Operator No. 6 - A.C. 214-749-4284) 2:55 PM -Mr. Nelson called. He said he has the information you wanted. 5:00 PM - Ed Cohen called concerning the cable to go to the EEC http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on DISC and investment credit (which he had spoken with you about yesterday). He has one more final point to resolve about the cable - and asked that his call be returned. (5363) 1 - Messages for Mr. Volcker Wednesday, March 8, 1972 Sam Cross for 10:15 AM - Dr. Ossola has indicated his preference to a morning appointment with you and the Secretary, and Mr. Cross has asked that we keep your morning open on made Friday, March 17th, until an appointment has been Mr. Cross will send you a memo re firm for Dr. Ossola. this when he has a chance to dictate it. 12:10 PM - Gordon Nelson of FNMA called and said Fortune Magazine is doing a story on FNMA and Gurney Breckenfeld, on the Board of Editors of Fortune, would like to have a few minutes with you any time next Wednesday or Thursday morning to talk about FNMA and how Treasury manages agency financings, etc. You could see Mr. Breckenfeld on Thursday morning, March 16, if you wish; your cal. is clear that morning. Shall I give him 12:00 MP YES NO I told Mr. Nelson I thought Mr. Breckenfeld might be interested in reading a copy of the talk you gave last night. OK to send him a copy? YES NO (Mt. Nelson - 293-6057) 12:30 PM - Secy's Operator sais there will be Secy's Staff this Friday. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • w - 2 - Messages for Mr. Volcker Wednesday, March 8, 1972 2:00 PM - Miss Moser of the Washington office of Chase Manhattan called for Gene Birnbaum who will be in Washington on Monday and Tuesday of next week (March 13 and 14) and who has asked whether you will be free for lunch on either of these days. If lunch is not possible, he wondered whether he can see you sometime during the day. You have an OPIC Board meeting (and lunch) scheduled for Monday. Your calendar is clear for lunch on Tuesday. Do you wish to accept Mr. Birnbaum's invitation for lunch on Tuesday, March 14? YES NO Arrange an appointment for him on Tuesday? YES OTHER (Dorothy Moser - 296-5750) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 NO Messages for M./.• March 8, 1972 Volcker 3:15 PM —/Deane Hinton called and said he was coming over for a 3:30 meeting with Mr. Bennett today and would like 5 minutes with you on the EC - Spain issue. at 3:30 to catch a plane. tomorrow afternoon. I explained you had to leave He then asked for a time late I gave him 5:00 PM. I asked Mr. Canner to see if Mr. Pelikan or anyone up there knew what Mr. Hinton's problem is. 4:40 PM 1/Mr. Pannill's secy. called and said he would like to see you for about 20 minutes tomorrow morning. I explained we weren't sure when you'd be back from NYC and suggested we call him in the morning when you are back. 5:15 PM - Miss McCrindle called to extend an invitation to you and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mrs. Volcker on behalf of Sir Denis and Lady Rickett to a black tie dinner on Friday, March 17th at 8:00 FM, at their home, No special reason for the dinner; it's just being given for their friends. Your calendar NOTE: Dr. Ossola may be in Washington on the 17th. ACCEPT is clear./ Do you wish to REGRET Miss McCrindle - 145-2980 k Messages for Mr. Volcker 3:35 PM - 3 - Bradford Mills called. Wednesday, March 8, 1972 He asked that his call be returned. (632-8584) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Pelikan talked to Mr. Hinton and what Mr. Hinton wants to find out when he comes to see you at 5:00 today is what is the Treasury's position on EC - Spain and EC - Israel, Mr. Pelikan would like to have Mr,. Canner sit in when Mr. Hinton comes to see you if you have no objection. Mr. Canner will send down the papers for the meeting on this issue that you attended. OK for Mr. Canner to sit in? YES OTHER Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - March 8, 1972 Karl G. Harr, President of the Aerospace Industries Assn, of America, has asked to see you about the export market in connection with the Aerospace industries. I asked Mr. McGinnis if he knew of any particular problem Mr. Harr might be raising; he said he didn't know of any problem other than the credit guidelines that we have established on the credit to developing countries for military equipment, which the aerospace industry is quite concerned about. He said there is a Subcommittee of the Aerospace Industries Assn. on the Export Sale of Military Equipment in the Aerospace Industry, which Mr. McGinnis has been serving on and he has been quite close to that -- that Subcmte. is meeting in California next week, Mr, McGimis said if you feel he, McGinnis, should be present when Mr. Harr sees you, he will reschedule his appointments to make himself available. OK to give Mr, Harr an appointment and to have Mr,. McGinnis sit in? (347-2315) YES NO Messages for Mr. Volcker - 1 Tuesday, March 7, 1972 - 9:00 AM - Chairman Burns' secretary called to extend to you the invitation to lunch at the Fed Board tomorrow (Wednesday), saying, however, that Chairman Burns would be unable to host but that Governor Robertson would. I Imi regretted for you since you are attending a luncheon meeting at Brookings The Fed lunch tomorrow will therefore be a staff luncheon with Bob Holland hosting. 9:55 AM - Mr. Nelson called. He would like to see you for about 10 minutes before you leave for New York this afternoon. (2884) 10:45 AM 7" Canner's secy Railimkax called and said Mr. Hennessy nted to schedule a meeting tomorrow morning in your [It 1 office for himself, Mr. Cohen, and Mr. Pelikan on the timing and preparation of our case on the DISC. Suggested 10:30 AM. 2:30 PM - Kenneth Smith, of theNews & World Report, called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and said he hoped to set up an appointment with you on Friday aRkx or Monday to have a background session on the current monetary situation. I asked if he were doing a special story and he said they try to keep abreast of gather g on it but I • this and may well be doing somethin• does not have any particular plans right now. 333-7400, X 520 Do you wish to see(Consultants here Friday & OPIC Board on Monday.) YES N0 Messages for Mr. Volcker - 3 - Tuesday, March 7, 1972 5:20 PM - Paul Gomory of Peter Flanigan's office called to invite you to a debriefing by the Chamber of Commerce Delegation to the in Rm.208,0E0B EEC Businessmen's Conference - at 2:30 p.m. on Monday,/ March 13th. This is the same group you briefed before the Conference on international financial and monetary issues. Also, immediately following, at 3:30 p.m., Mr. Gomory sk invited you to /thxtxrau participate in a briefing of the Chamber of Commerce Advisory Council on Japan-U.S. Economic Relations. The membership of this second Chamber of Commerce group will be the same as that at the 2:30 p.m0 debriefing, with the same mop involved on the Administration side. send a memo with the details. Mr. Gomory will Your calendar for the afternoon is clear, except for the U.S./IMF Consultations (which will be chaired by Mr. Bennett). Shall we say that you will attend the 2:30 P.M. debriefing? YES NO Attend the 3:30 PM briefing? YES NO (M-5--Gomory - 145-2980) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - Messages for Mr. Volcker March 7, 1972 to me and said he 6:00 PM - Gaylord Freeman called you and talked http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis would like to talk to you in the morning. I suggested we d take call him since we were not sure which plane you woul back from NY He said that would be fine. (Chicago - AC 312 - 732-8000) yesterday As background, Mr. Freeman's secy. had called me rson to to say that they had originally lined up Mr. Pete Bankers speak on the program with you at the Reserve City s.), meeting in Boca Raton ox at 8:30 AM on April 11 (Tue they and then Mr. Peterson found he couldn't do it and had lined up Amb. Eberle. Now Mr. Eberle can't do it on and Tues., Apr. 11, but could do it on Monday, Apr. 10, schedule she was wondering, if they were able to shift the day. around, whether Monday would be as good for you as Tues your talk I told her we had never gotten a date or time for the that you had just been asked if you would talk during had been Reserve City Bankers meeting Apr. 9 - 11 -- and I waiting to learn the date and time. I asked if they were and she planning to have you and Mr. Eberle speak in tandem minutes said they had planned that Mr. Eberle speak for 30 and then you would speak for 30 minutes, and then there would be a 30-minute interrogation period. She said of elf after course Mr, Freeman would want to talk to you hims Messages for Mr. Volcker - 5 - March 7, 1972 he returned and she was just calling informally to see what your schedule might be like I told her I thought Monday would be just as good for you as Tuesday and perhaps better, since you would be away from the off ice for a lesser time. She said the time they were considering for you and Mr. Eberle on Monday, if they are able to shi ft the schedule, was from 10:15 to 12:00. I told her your calendar was clear and we would hold the time until we heanifurt her. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis A Messages for Mr. Volcker NOTE: 1 March 6, 1972 Dave Barry said to tell you they have 290 people that they know are attending and they expect the final total to be in excess of 300 -- the biggest turnout the Money Marketters have ever had -- you even exceeded Guido Carli! He said Eric Heinemann will be there -- he is a member -- and they will invite other members of the press. If you do have a prepared text, it would help if you could bring about 20 copies with you for the press. They will wind things up by 9:00 so you can catch the 10:00 o'clock Shuttle. I told him you would come up on the 4:00 o'clock Shuttle and we'd have a Fed car meet you and bring you right to the Bankers Club, 38th Floor, 120 Broadway, and also take you back to the Airport. 1.45 APM -/Sam Cross would like to come in to see you for a few minutes http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on your return from lunch. (5081) Messages for Mr. Volcker - Friday, March 3, 1972 1 - 11:30 AM - The Administrative Office has informed us that the Secy's Dining Room is closed today; it will also be closed on Monday, March 6, and Tuesday, March 7 -- for EiNxed private luncheons by the Secretary, CAL. NOTED. that Mr. Springborn is 3:00 PM - Mr. Willis' office has called to say attending the on leave today, and William Grant will be in your office the US/IMF 4:30 FM WORKING session/on Q's and A's for Consultations for Mr. Springborn. Attending also: Messrs. Lederer, Bennett and Hennessy. 3:15 PM - Mr, Bennett called and said he would appreciate a call when you are available. Jimmy's Father-Son Banquet 3:40 PM - CALENDAR NOTH;FROM MRS. VOLCKER: is scheduled for Thursday, April 20 (time to be provided) at the Shoreham Hotel. Axidnc http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NOTE: CAL. NOTED. You are scheduled to attend the Ditchley Conferenc( Fri-Mon, April 21-24. 2) Jimmy's graduation day is on Friday, June 2 (9:00 am or 10:00 am). 3) Mrs. Volcker will confirm the time. ON CAL. Wednesday, May 31, is the date for Jimmy's FathersSons Field Day NOTE: . ON CAL. (Time ?) The Conference Board Burgenstock Conference is scheduled from Wednesday-Saturday, May 31-June3. - 2 - Messages for Mr. Volcker Friday, March 3 1972 the message 3:45 PM - Bill Weber stopped by and asked that you be given http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis that Mro Santini, Foreign Editor of Successo Magazine of Italy, is in the U.S. now (through March 15th), and is of the opinion that the Secretary has granted him an interview. Mr. Weber said that the Secretary has stated that he would be willing to see him but there is no time set -- and whether this takes Mr. Santini has also requested to see place is speculative. you on either the 13th, 14th, or 15th0 If he doesn't see the Secretary, Mr. Wade may ask you to do the interview. Should the Secretary see him, he would still like an interview with you. Shall we tell Mr. Wade that you will see Mr. Santini should he make a definite request for an po appointment? YES NO OTHER NOTE: Mr. Weber will be on leave all of next week. Mr. Wade will handle in Mr. Weber's absence. langa45254 On March 13: AM - OPIC Board to meet; 2:30 PM-5:00 PM - US/ FUND Consultations On March 14: 10:00 AM - You are to talk briefly to 23 new District Directors of the Farm Credit Administration; 2:30 PM - 5:00 PM -U.S./IMF Consult. (Mr. Bennett will be out of town; you may have On March _15: to chair.) Fed.Us.Delegation from San Fran. to see you V from 9:30 AM; U.S./IMF Consultations from 230 PM • Messages for Mr. Volcker - 3 - March 3, 1972 Mr. Weber said Mr. Santini wants to talk to you for attribution about the international monetary situation. Santini is pressing very hard for appointments and is making approaches through several offices. I have been trying to reach Jerry Newman to see if he knows anything about Santini and the Successo Magazine, 4:30 PM - Katherine in Chairman Burns' office called and said a http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis friend of Al Hayes is coming from France, Henri Bizot, Honorary Chrm, of the Natl, Bank of Paris, and has asked for appointments sometime during the week of March 20th with Chairman Burns, with you, and with Mr. Samuels, each separately but hopefully on the same day, to talk on a confidential basis and he hopes to go back to his Government and see whether he can accomplish anything. I've put him down for 11:30 on March 21st and Katherine will let me know on Monday whether she can wurk in Mr. Samuels on that day. Messages for Mr. Volcker - 1 - Thursday, March 2, 1972 whether you would be 11:45 AM - Mr. Gannon's secretary called to ask http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on free to talk to the California Bankers at 10:00 a.m. Thursday, March 9th. Dr. Walker, who had arranged for them to come in on the 9th, will now be in California on that date. The California Bankers had specifically asked that you meet with them should Dr. Walker not be available. Treasury This will be in/Conference Room 4125. Your calendar is clear. (Mr. Adams is talking to the ABA and State Savings Bonds Chairmen meeting on the morning of the 9th in Treasury Conference Room 4121; you will be addressing the Savings Bonds Group at their closing luncheon at 1:00 at The International Club.) -- You and Mrs. Volcker are attending cocktails and dinner by the California Bankers Assoc. at 7:00 p.m. on Wednesday, March 8 2 at the Mayflower Hotel. Shall we advise Mr. Gannon that you will meet with the California Bankers at 10:00 a.m. on WRINNXIOIX Thursday, March 9? YES OTHER (Wanda-2446) NO Messages for Mr. Volcker 4:35 PM - Mr. Eberle's secy - 2 - March 2, 1972 called and said Mr. Eberle had told Mr. Gates before he (Eberle) went out of town to let you know that Mr. Eberle would be available to come to the at 9:15 tomorrow morning Treasury/for a briefing, if you think he should have one, before he testifies at 10:00 AM tomorrow. we had heard from Mr. Gates. had note She wondered if I told her to my knowledge we She said she a was afraid of that and asked me to ask you if you vould like to have Mr. Eberle come to the Treasury at 9:15 AM tomorrow for a briefing, (The Secy's Operator has called to say there will be Secy's staff tomorrow morning at 8:45.) Do you wish Mr. Eberle to come here at 9:15? YES NO 4:50 PM - Mr. Trued's secyx called and said he wondered if you could http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis have lunch with him on either Mon., March 6, Wed., Mar. 8, Mon„ Mar. 13, Wed., Mar. 15, or Fri., Mar. 17, at 1:00 PM at the Sans Soucio 6. You are free for lunch on Monday, March OK to say you will lunch with him on the 6th? (128 - 7235) YES NO Thursday, March 2, 1972 Messages for Mr. Volcker 4:15 PM -/Mr. Adams would like to see you. 4:35 PM 5:30 PM r. Cates would like to talk with you on the phone. Bennett would like to see you. 4:30 PM - Joan Cameron of the Canadian Embassy called to extend an invitation to you and Mrs° Volcker on behalf of the Ambassador of Canada and Mrs. Cadieux, atx8xDP to attend a black tie dinner at 8:00 p.m. on Thursday, Mayx2A March 23rd, at the Canadian Embassy residence, 2825 Rock Creek Drive, in honor of the Secretary of Commerce Peter Peterson and Mrs. Peterson. On March 23 - at 2:00 p.m., you are participating in the dedication ceremony of RTE-ASEA Corporation in Waukesha,Wis.; and witiuuadinner at 6:30 p.m. honoring you and Dr.Marcus Wallenberg. Is it all right to regret? (Joan Cameron - Phone: YES NO 785-1400, Ext. 277) phoney 5.50 PM - Mry Hennessy called & would like a word with you on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (je PA Messages for Mr. Volcker - 1 - 8:30 AM - Mr. Eberle called. He asked that his call be returned. Wednesday, March 1, 1972 (His secretary said he expects to be in all day until 5:00 p.m., when he leaves for Minneapolis where he will be on Thursday.) (395-5114) 12:15 PM - Mr. Dale called and would like to speak to you on the phone. NOTE: 181 - 3067 Leonard Dixon checked your calendar for the evening of March 9 and asked us to put a hold on 6:00 to 8:00 that evening for a possible farewell reception for Mr. Petty in the Sky Room of the Washington Hotel, with you as M.C., although he hasn't yet had a chance to dicuss with Mro Hennessy. Done. 2:30 PM - Alice Dress in Mr. Pelikan's shop called and said Mrc, tomorrow morning Pelikan wanted to set up a meeting/for Mr. Hennessy, himself, and Miss Dress to brief you for the CIEP Review Group mtg0 on EC, Spain & Israel at 2:00 on Friday. I suggested 11:00 AM tomorrow morning, subject to your not having to be on the Hill. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Willis asked us to hold a time late Friday afternoon after your CIEP mtg. for a possible working session on Q's and A's for the Consultations with the Fund. 4:30. We're holding - 2 - Messages for Mr. Volcker Wednesday, March 1, 1972 your call of Monday. 3:00 FM - Penn James returned During the next Thomas in the Virgin . St at d che rea be can he three hours, is one hour later e tim and Isl gin Vir 60. -73 Islands on 774 than D.C. time. there might be (He mentioned the fact that call has been placed, the er aft him ng chi rea in a short delay from next door. since he would have to be called . 1:00 FM - Mr. Hennessy called wanted He said there was one thing he t his call be returned. to check with you - and asked tha (2748) in. 5:55 FM - Mr. Hennessy called aga time for a taping session a ut abo ask to led cal vin Sle Mr. 5:30 PM next Saturday. n told you were in a meeting, 5:45 PM - Mr. Samuels called you and, whe http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis said he'd call you in the morning. - 1 - Messages for Mr. Volcker NOTE: Tuesday, February 29, 1972 sion of the Senate Jim Smith will meet you at 10:00 at the Exec.Ses Finance Committee. He had to leave for the Hill early. 9:10 BM - Reminder from Sam Cross. Call to Dr. Ossola to be placed between 10:00 a.m. and 1:00 p.m. 9:15 AM - Peter Flanigan called. His secretary said he would call again since he had to leave his office right away. invited you to bring along 11:00 AM - Bob Morris of Peter Flanigan's staff 4:00 p.m. anyone you wished from Treasury to the 2:00 p.m. on CIEP Review Group meeting on the EC, Spain and Isreal Friday, March 3. attan and now Executive 11:05 AM - Roger M. Keefe, formerly with Chase Manh http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Company, Vice President of the Connecticut BankiN and Trust in called tosay that he and an associate were going to be to see Washington tomorrow morning and he would like to drop in you. I told him you were going to be on the Hill, and he wondered whether you could have breakfast with him tomorrow morning (Wednesday, March 1). You have the 10:00 a.m. House Banking & Currency Cmte0 hearing tomorrow morning. to breakfast? Do you wish to accept Mr. Keefe's invitation YES NOTE: NO He called from Rochester, New York, and could leave no telephone number where he could be reached. He said he would call back at 11:45 a.m0 for your answer. k Messages for Mr. Volcker - 2 - Tuesday, Feb. 29, 1972 11:10 AM - Mr. Bradfield called to ask whether a telephone call had come http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis in for you from Merlyn Trued (who had said he was going to call about IDB maintenance of value0 you today'). Mr. Bradfield would like to talk with you before mr. Trued talks with you - and he and Messrs. Finkel, Hennessy and Hirschtritt would like to come in to see you sometime on this same subject0 before lunch/. I suggested 12:00 noon because Mr. Bradfield had a paper to write and didn't think he could make it before then. - 3 - Messages for Mr. Volcker Tuesday, February 29, 1972 2:05 PM - Roger Keefe called again and was told that you accept his invitation to have breakfast with him tomorrow morning (WednesdayMarch 1). He suggested that you meet him at the front desk at the Madison Hotel at 8:00 a.m. Mr. Rick Bellows, also with the Connecticut Bank and Trust Company, in charge of portfolio investment, municipal and government securities, will be with Mr. Keefe. ON CAL. 4:05 PM - Mr. Petty stopped by. He asked that you be given the message that he saw Secretary Connally and Dr. Walker; also, that if he doesn't debrief you later this afternoon he will debrief you tonight. 5:40 PM - Mrs. Volcker called to remind you that if you wanted to have cigars for your guests this evening you would have to get some -- and something better than White Owl. 5:45 PM - Mr. Eberle called. He is scheduled to appear before the House Banking & Currency Cmte.on Friday morning on gold. He will be out of town on Thursday and is anxious to talk with you before then because the Committee has asked for a statement in advance. He expects to be in his office for another hour -- and asked that his call be returned. 5:46 PM - Chairman Burns extended the invitation to lunch at the Fed http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow -- and I asked her to inform him that you were lunch speaker at the Treasury luncheon meeting of the Natl.Assoc. at 12:45 PM on Wednesday, March 1 -Mut. Say. Banks/- which thm all of the Treasury Financing Group will be attending. Messages for Mr. Volcker - 1 - Monday, February 28, 1972 9:45 AM - Mr. Greenlee's office has been advised you will lunch in the Secy's Dining Room. 10:00 AM - Mr. Roosa called. ON CAL. Tuesday He said he would call again in tkR/morning when he learned you were going to be on the Hill all morning since he was going to be out of his office this afternoon. 10:45 AM - Mr. Petty would like to see you when there is a chance. 11:05 AM - Mr. Holland called and asked if the appointment for the people from the Fed. of San Francisco, which had been set for 9:30 to 10:30 on Wed,, March 15, could be rescheduled for 10:00 to 11:00 AM on the same day, since it would be easier for him to get the people together at 10:00 instead of 9:30, if that is all right with your schedule. him that would all right. 2:00 PM - I told On cal. Mr. Chapoton (Tax Legislative Counsel), Mr. Hickman and Mr. Ritter of his staffs stopped by in the hope of seeing you for about 10 min0 on the Spwial Issue of Treasury Obligations for Arbitrage Bonds,, I told them you had just gone to lunch and should you return by 2:30 p.m0 will call Mr. Chapoton; otherwise I will put them down for 5:30 p.m0 this evening since they have another meeting at 3:00 p.m. (5851)--(Mr.chapoton had stopped by to see Mr. Bennett, who was Out at the time.) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The Executive Session of the Senate Finance Committee, which the Secretary and you are scheduled to attend tomorrow morning will be at 10:00 a.m. in Room 2219. ON CAL. Messages for Mr. Volcker 2:25 PM - Mr. Bradfield called - 2 - Monday, February 28, 1972 and asked that we keep 2:30 p.m. to 3:30 pm on your calendar tomorrow afternoon (Tuesday, February 29) clear. The Senate Foreign Relations Committee will hold an Executive Session from 2:30 p.m0 on gold legislation 9 in S-11 6, the Senate side of the Capitol. Mr. Bradfield expects to be there and will call you should they want you to appear. He would like to talk with you about this, and asked that his call be returned. (8101) - CAL. NOTED. by 2:55 PM - Mr. Bennett stopped/to say that he would like to have a few http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis minutes with you to get your views on whether he shou ld testify on Wednesday morning on the Washington METRO Bond Guaranty. (5848) z Messages for Mr. Volcker - 3 - Monday, February 28, 1972 ,36c)60xPM - John Coleman called from his office in Chicago. I told him 4:20 PMyou had a foreign visitor and asked whether he could be reachec in an hour. His secretary said he would be in a meeting, but can be called out -- and asked that his call be returned. Chicago -(A.C. 312-828-7030) 4:40 PM - Bob Morris of Peter Flanigan's staff called to say that since you had a conflict on Wednesday, March 1, and would be unable U.S. policy inaronnection w. GATT Article XXIII Consultatic to attend the CIEP Review Group meeting on/:the EC, Spain anl Israel - this meeting has been shifted to Friday, March 3, Old from 2:00 p.m. to 4:00 p.m. - and will be in Room 208,/OEB. ON CAL. Paper on this in today's In Box; Mr. Canner et al working on it. Is it all right to say you will attend? YES NO 4:30 PM - The Secy. to Mr. Bruce Bradley, of Bradley, Woods & Co., of NY http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called and wanted to talk to you. suggested she call. She said Mr. Frechtling She said Mr. Bradley will be in Washington on Wednesday, March 22, and would like to bring several of his clients in to talk to you about the latest that is happening in the international monetary scene. She described the firm as institutional investment advisor, I asked Mr. Frechntling about Mr. Bradley; he said Mr. B worked for Robert Ellsworth when he was in Congress and Mr. B. and Mr, Allan Woods, who was press secy. during 0 Messages for Mr. Volcker - 5 - 6:00 PM - Sam Cross called. Monday, February 28, 1972 He would like to come in to see you when your present visitors/leave. (5081) 6:15 PM - Rose has scheduled 4:00 tomorrow for a briefing session of http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Secy. on the gold bill -- in Secy's Conference Room. She said she didn't know who should attend; I said I'd check with you and alert everyone. I've already informed Mr. Smith and asked if he could think of anyone who should be included besides your people; he suggested Mr. Rossides, in case Secy. wants to discuss anti-dumping matters, Could you please check those of the following you thi k should attend: k Mr. Rossides Mr. Bradfield Mr. S, Cross Mr. Page Nelson Mr. Willis Hennessy Mr. Cates Mr. Bennett ta ); aGio-(r -t"C ado-c-54 "' f Messages for Mr.Volcker February 25, 1972 12:30 PM - Mr. Robinson at American Express called you from NY and would like to speak to you on the phone sometime today if possible. NYC - 944-7653 1:15 PM - Hans Widenmann's secretary called to confirm your dinner engagement (Mr. and Mrs. Volcker) with him at 7:30 p.m. at the Madison. She didn't know the suite number, but said the desk at the Madison would have the information. ON CAL. 3:10 PM - Gov. Ja4nke of the Farm Credit Administration called. He is leaving his office at about 3:30 p.m. - not to return until Thursday of next week -- and is anxious to talk with you before he goes. NOTE: (111-6937) The later word from Gov. Jaehnke's office is that he will be leaving about 3:45 p.m. -- and his secretary will call again just before he leaves. 3:35 PM - Mr. Carlock stopped by and I asked him whether he knew the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • - 1 - purpose of Gov. Jaehnke's call. Mr. Carlock said the Gov0 was going to have the new Directors of the District Banks in on March 14 for 4 days of bring and he hoped he could bring them over here and spend an hour one day -- with you (about 20 min.) talking to them briefly/- and then maybe Mr. Bennett, Mr. Carlock or Mr. Adams taking over for the rest of the hour. Mr. Carlock thought it would be very wholesome for the future if you did talk to them for a few minutes NRaucxxasiumixrxINx4rxvInxmmntiwn ittxypoi The morning ci of Tuesday, March 16th is open„; xxxis also on mEauflagWs Messages for Mr. Volcker - 4 - February 28, 1972 Mr. Nixon's campaign, set up a business consulting firm with offices in Washington and NY, with some of the larger banks as clients. He said both Mr of the Administration. Bradley and Mr. Woods are friends You are to speak at the Princeton Club in NY the evening of the 22nd but otherwise cal. clear, wish to see these gentlemen? Do you (NYC - 747-0830) YES NO Or suggest they see Mr. Bennett? YES NO Mr. Frechtling said they asked to ti see the Secy. and he explained that was absolutely impossible 5:10 PM - Mr. Samuels called and is 7y anxious to speak to you ASAP. 101 - 20410 5:30 PM - Dr, Walker's office received a call from Mr. Hoops of Mr. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Butterfield's office at the White House, inviting the SubCabinet members to stand behind the Cabinet members at the reception at Andrews Air Force Base for the President. No RSVP is necessary; but those who will attend are asked to go to the Holding Room, between Hangers 6 and 7, .wy'ere the Cabinet will assemble by 8:45 p.m. at the latest NOTE: Dr. Walker is attending; Secretary and Mrs. Connally will be and Mrs. Volcker at Andrews. You/are attending a 7:30 pm. dinner by Hans Widenmann at the Madison Hotel Messages for Mr. Volcker - 2 - Friday, February 25, 1972 5:20 PM - Dr. Wallich called to extend an invitation to a luncheon he http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis is hosting on Thursday, March 9th, at 1:00 p.m0 at the University Club for Paul Bareau, an English economist. I regretted for you since you are making a luncheon speech at the International Club (closing luncheon of the ABA Chairmen and volunteer State Savings Bonds Chirmen Conference) and told him that you would be informed of his invitation. Messages for Mr. Volcker _ 1 _ 9:05 AM - Sir Maurice Parsons callede Thursday, February 24,1972 He wondered whether you might see him sometime this afternoon, tomorrow morning or tomo rrow afternoon - and asked that he be called when you come in. * He is staying at the Mayflower (DI-7-3000 - Room 4.491. Shall I suggest 4:00 PM e this afternoon to him? YES NO - or - 2:30 PM on Friday (should you not atte nd the afternoon session of the Consultant's meeting)? YES 9:10 AM - Millie Griffin NO of Jim Smith's office called to alert you to the fact that Mike Burns of the Senate Bank ing Committee called and said that Senator Sparkman wants to try to put the devaluation bill out after the hearings this morn ing if there is a quorum. She said Mr. Knorr was talking to Mr e Bradfield about whether someone from Treasury shou ld attend. *NOTE - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 9:30 AM - I called Sir Maurice Parsons to let him know you had not returned from the staff meeting, since he had said he might be leaving the hotel at 9:30e would wait for your call. He said he Messages for Mr. Volcker - 2 - Thursday, February 24,1972 10:25 AM - Mrs. Wiles, social secretary to the Ambassador of Japan, your called to ask whether we had xxxamiwRxxix/reply to the Ambassador's invitation to a black tie dinner which he and Mrs. Ushiba are giving for the Secretary and Mrs. N Connally at 8:00 PM on Friday, March 39 at the Embassy. You are addressing the Louisiana State University Economics Seminar in Baton Rouge on the 3rd n regret? YES NO (Mrs. Wiles - 234-5363) 10:30 AM - John Kern called and said he was a classmate of yours at Princeton and you wrote him a note a couple of weeks ago. He would like to speak to you on the phone to thank you and ask if you are free for lunch sometime next week. 727-1826 NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis s Is it all right to Rose said Secy is to drive from his ranch to Houston sometime today for the weekend -- he has three speeches to makee She didn't know what time he was leaving for Houston so I called one of the Secret Service agents in their trailer down there and asked what time he would suggest as a convenie nt time for the Secy, to receive a call before he leaves for Houston. The agent said he thought 11:00 AM would be a good time. I have asked Messrs. Hennessy and Pelikan to wait until we call them to come and see you (they were down for 11:00). ',gm= 4 Messages for Mr. February 24, 1972 Volcker PENDING FROM YESTERDAY: (1) Bob Holland of the Fed Board would like to speak to you on the phone, 147 - 3761 to 12:25 PM - Mr. Bennett has received an invitation from Rene Larre join him and Milton Gilbert at the lunch to which they have invited you (and you have accepted) on Friday, March 24, when they are in Washington. Mr. Bennett does not want to accept without knowing that his acceptance would meet with your approval. NOTE: You wanted to call Don Dickson to tell him you could attend a dinner meeting of the Princeton Class of '49 on the evening of Wednesday, March 22, if he wishes. NOTE: (NYC - 265-5900, Ext. 4460) ement on the Mr. Pannill asked for a copy of the Secy's stat debt limit to send to Mr. Shultz. I checked and found the reproduction statement was in Mr. Wade's office for typing and and they have provided Mr c Pannill with a copy. NOTE: electronic alarm The Secret Service is bugging us on getting the equipment removed from your office. They say it has already so I assume we been disconnected and is no longer operational, the equipment? had just as well let them go ahead and remove YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the cook is ill. The Secy's dining room is closed today because Nmik Messages for Mr. Volcker Thursday, Feb. 24, 1972 - 4 - 2:15 PM - Bob Holland called again. (147-3761) for Debt Management before 3:20 PM - Frank Saul(Asst0 to the Secretary Duane Saunders) stopped by to say hello. will be 3:30 PM - The British Embassy has advised that Sir Alan Neale in to see you at 4:00 p.m. on Monday, February 28. ON CAL. 3:05 PM - Mr. Weber returned your call. another 3:20 PM - Joe Slevin called re a time on Saturday for taping session. May I give him a time? 4:15 PM - Mr. Knorr stopped by and said, since the Senate Banking Cmte. had voted out the gold bill and it is coming up on the Floor next Tuesday, it is essential to get the corrected transcript back to the Cmte. right away, no later than tomorrow morning at the latest. I called Mr. Cross, who is coordinating work on the transcript, and he was aghast at the deadline but said he would talk to Mr. Knorr about the problems involved. extend an 4:20 PM - Mrs. Wagner at the Austrian Embassy called to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis invitation to you and Mrs. Volcker from Ambassador and Orchestra Mrs. Gruber to a concert of the Vienna Symphony on Friday night, March 3, at 8:30 PM, to share the Ambassador's box in the John F. Kennedy Center's Concert Hall and to a reception after the concert to meet the Messages for Mr, Volcker - 5 - February 24, 1972 Symphony Orchestra in the Chancery of the Austrian Embassy, 2343 Mass, Ave. - informal. I told her I doubted you could accept but said I'd check with you and let her know. You are to speak at Baton Rouge, La. on the afternoon of March 3rd, unless you decide to arrange for someone else to do, and you are also invited to Amb. and Mrs. Ushiba's dinner for Secy. & Mrs. Connally the night of the 3rd. OK to tell Mrs. Wagner you cannot attend the concert (she is anxious for a quick response in order to have time to invite someone else if you can't attend)? (483-4474 YES NO 4:20 PM - Gov. Daane called. He asked that his call be returned. (He will be in his office until 5:30 p.m.) 4:25 PM - Mr. Roosa called from New York and asked that his c.g1 be returned. evening. (He will be leaving his office at 5:00 p.m0 this Should you be unable to return his call this evening, the best 'ime would be after 2:30 p.m0 tomorrow afternoon,) A.C. 212-483-1818, 4:30 PM - Mr. Nelson stopped by He would like to come in to talk with you when you are free. (2884) 5:05 PM - Mr http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Cates would like to come in to talk with you on Canada this evening. (8243) Messages for Mr. Volcker 1 Wednesday, February 23,1972 8:55 AM - Frazar Wilde called from Hartford. be returned. He asked that his call (He will be in his office on and off until 11:30 AM - and then return about 1:30 p.m. or 2:00 p.m.) (A.C. 203-243-8811-Ext. 261) 11:00 AM - Pat Abshire of Senator Brock's staff called concerning the of you yesterday the Senator data he/had requested/on the anti-dumping statute. I called Mr. Bradfield who suggested that I get in touch with Mathew Marks for " what actions had been taken and how Treasury has shortened the period of time to improve the administration of the statute." Mre Makimw Marks is going to check with Mr. Bradfield on how far back he needs to go on Treasury actions -- and will forward the data to the Senator (attention Pat Abshire). NOTE: After checking your calendar, Mr. Springborn is going to try to schedule the final wrap-up session of the U. S. consultations with the Fund for 2:30 to about 5:30 on Tuesday, Apr, 4. 11:30 AM - Mr, Papendorf on the Benelux Desk at State called and said http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he had had a call from our Embassy at the Hague saying that the American Chamber of Commerce would be very happy to have you speak at the Hague on Monday, March 27, at a luncheon meeting, which they prefer to dinner. Since they want to get their announcements printed and sent out, they would very much like to know whether or not you can yet commit yourself to this engagement or, if not yet, when may they • Messages for Mr Volcker - 2 - February 23, 1972 hope to have a commitment so they can get announcements out. (Mr. Papendorf - 101 - 20718) NOTE: Prof, Fellner called this morning to see if we had any word from Emminger yet -- he said he is getting letters from invitees who would attend the WP-3 meeting saying they cannot attend because of the conflict and proposing alternates and he feels he must do something, I checked our telegraph room and no cable has yet come in from Emminger -- they will phone as soon as it comes. You promised Fellner yesterday you would call Emminger today if no word. 11:40 AM - Susan Steiner called and said the new Economics Minister at the German Embassy, Helmut Matthias, would like to pay a courtesy call on you sometime in the next couple of weeks. I suggested 3:00 on Thurs., March 2. 12:25 PM - Secy's Operator called and said there will be Staff Mtg. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis this Friday morning, ....,.Messages for Mr. Volcker - 3 - 5:25 PM - Bob Holland of the Fed Board called, Wednesday, Feb.23,1972 He asked that his call or be returned. (He expects to be in his office until 6:15 Pm 6:30 pm.)- (147-3761) asked to see you sometime 6:15 PM - Messrs. Hennessy and Pelikan the complaint about the DISC. tomorrow morning on/EC Article 23 I suggested 11:00. he said it was not urgent -6:30 PM - I checked with Mr. Holland and http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow is time enough. Messages for Mr. Volcker 10:00 AM - Tuesday, February 22, 1972 - 1 - Chairman Burns has extended the invitation to the Fed luncheon tomorrow (Wednesday, February 23), which he will host. Free to attend with you are Messrs. Bennett, Adams, Cook and Snyder. Is it all right to accept? is out of town.) (Mr.Fiedler , YES NO (Katherine Malardi - 147-201) 9:50 AM - John Worssam of the Conference Board called. that his call be returned. 414 P 01 He as e Callback Operator No. 6 - NYC - A C. 212-759-0900) 9:40 AM - Mr. W. J. Lubbe, Economic Minister at the South African Embassy, called to inquire about the time and place -- and also the Committee you were appearing before this morning. He was also interested in whether you had made a statement on gold last week. 11:30 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis The call was referred to Mr. Nelson. Larry Mayer of Fortune Magaine called. He asked for a half-hour or 3/4 hour interview with you on international monetary policy sometime this week or next° He would make the trip in from New York at a time convenient for you and build his other appointments around it. Do you wish to HER give MrcMayer the interview? 361 YES /tA NO OTHER IF YES, your calendar is cle.ar early afternoon on Thursc OR, FRIDAY AM FRIDAY PM (Mr.Weber has been informed.) A.C.212-556-36160) 1 Messages for Mr. Volcker 3:45 PM - Chrin http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - February 22, 1972 Burns called and would like you to call him, 147 - 201 Messages for Mr. Volcker - 1 - REMINDER: Return Oakley Hunter's call. 8:50 AM - Prof. Fellner called. Friday, February. 18, 1972 (293-6060) His concern is with the conflict of dates of the Portugal and WP-3 meeting (WP-3, March 28-29; Portugal, March 28-31). He has had replies from some of the participants he has invited to the Portugal meeting, saying thabathey can't be there on time; that the National Bank of Portugal is putting quite a bit of work into their conference and Prof. Fellner is faced now with the possibility of calling the conference off ix if the scheduling of the two meetings can't be reconciled. Since he had had no definite word from you, he wondered what your situation was and would like to talk with you on the phone as soon as possible. He can be reached on A.C. 203, either 436-3310 or 777-4186. 9:35 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Haberler called to ask whether Prof. Fellner had reached you. I told him I had his message which you hadn't seen as yet -- and he asked that I add to it the fact that the important thinig to know is whether you can make it nm to Lisbon on the 29th (then it would be possible to hold the Portugal meeting). If you can't make it until the 30th, it would be difficult because of the Easter holidays. He suggested that you call either him(on 296-5616) - Bi or Prof. Fenner: • Messages for Mr. Volcker - 2 - Friday, February 18, 1972 9:25 AM - Peter Towe's secretary called with the message that Mr. Towe suggests that you meet him at 1:15 PM at the II Continents, Washington Hotel. ON CAL. 9:30 AM - Mr. Knorr stopped by. He would like to talk with you on the phone.(2851) 10:00 AM - Gov. Daane called. He asked that his call be returned. 10:00 AM - John Worssam of the Conference Board called again, (He had http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis called yesterday concerning the Board's invitation to you to be keynote luncheonspeaker on Tuesday, May 30, at the 3rd Intl. Financial Conference of the Conference Board at the Intercontinental Geneve, Geneva, Switzerland.) He asked that his call be returned. (Callback Operator No.6, A.C. 212-759-0900). NOTE: Your calendar, the latter part of May: Wed-Fri, to May 24-26, OECD Ministers ma*/meet in Paris. - 3 Messages for Mr. Volcker 12:25 7M - Mr. Hennessy stopped by. Friday, February 18, 1972 Should you return from lunch by 2:30 p.m.,he would like to come in to see you for a few minutes. He also has something to say about your 3:00 p.m. meeting with Messers.Wieczorawski, Knapp and Alderweld before you see them. (2748) 2:05 PM - Leonard Silk of the New York Times called (re the weakness of the dollar). He asked that his call be returned. (A.C. 212-556-1791) 2:40 PM - Mr.Pelikan called. He would like to come in talk with you about the DISC -- and also the cable on your desk for reply to the EEC and to the GATT which you spoke with Mr. Cohen about and which Mr. Pelikan has also talked with Mr. Cohen about. Mr. Cohen has suggested that Mr. Pelikan go directly back to you. I have given him 5:30 p.m. (and told him we would call when your 4:00 p.m. financing group meeting concludes, should this be before 5:30 p.m.) (5617) ON CAL. 2:50 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Gov. Daane called. He would like a few minutes on the ialephonei with you before he sees Chairman Burns at 4:00 p.m. and asked that his call be returned. (147-211) Messages for Mr. Volcker NOTE: - 4 - Friday, February 18, 1972 Guard, Captain Christian, head of the Treasury Security had asked stopped by this morning to let us know that you will be done that the electric sensor be removed -- and this after 10:00 a.m. on Tuesday morning, Feb. 22. could see Lord George 6:00 PM - Mr. Pannill called and asked if you on the Brown next week; he asked me to call John Griffith UK desk at State about details. I did so and was told the that Lord George is a former Foreign Minister, now in House of Lords -- he ran into Asst. Secy, of State Willis Armstrong at Princeton and allowed as how he would like to see Secy. Connally. Since the Secy. isn't available, Mr. Griffith thought Lord George would like to see you -- but he doesn't really have any information as to what Lord George is doing in this country or what he might want to talk about -- assumes intl. financial issues. Lord George will be in Washington on Thursday afternoon next week and only asked to see Secy. Connally and Mr, Peterson. 4:00 PM on Thursday. On cal. I suggested I will ask Oscar Mackour next week if he has any further info. on Lord George. a taping session tomorrow; 6:35 PM - Joe Slevin asked about a time for http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis row on your I led him to believe you had to work tomor pressing for statement for the Tuesday hearing but he is an answer • IMM\ Messages for Mr. Volcker 1 - Thursday, February 17j 1972 8:50 AM - John Worssam of the Conference Board called. his call be returned. NOTE: He asked that (A.C. 212-759-0900) His letter inviting you to be keynote luncheon speaker on Mayday, May 30, /at the 3rd intl. Financial Conference of The Conference Board at the Intercontinental Geneve, Geneva, Switzerland was received yesterday. On your calendar, the latter part of May: Wed-Fri, May 24-26, OECD Ministers may meet in Paris. Monday, May 30 - Govt. Holiday (Decoration Day). 9:20 AM - Marty Miller called to ask whether he might come in to see you either today or tomorrow. on Friday. I have suggested 12:00 noon ON CAL. 9:25 AM - Mr. Wieczorowski's secretary has informed us that Mr. Alderweld, Vice President at the World Bank, will accompany him and Burke Knapp for their meeting with you tomorrow at 3:00 PM (Friday -Feb. 18). 9:30 AM ON CAL. - Mr. Bennett would like to see you for a few minutes this morning (if you have time); he also said he was going to take on the "press people" for you this afternoon. 9:35 NM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Hennessy hopes you will have some time for him this afternoon (I told him you might between 4:00 p.m. and 5:30 p.m.) He is testifying on the Hill tomorrow morning and expects to be there at least all morning (Govt. Operations Conunittee re Collection of Debts ). • • Messages for Mr. Volcker NOTE: - 2 - Thursday, February 17, 1972 I checked with the Social Secretary to the Turkish Ambassador concerning the time of the arrival of the Vice President and Ws. Agnew at the Black Tie dinner which you and Mrs.Volcker are attending this evening - and she suggests the guests gt the Embassy arrive/by 8:00 p.m. for the 8:15 p.m. expectedarival time of the Vice President. 11:45 AM - Jim Smith stopped by and said to tell you he just talked to Tom Vail and the Senate Finance Cmte0 will hold hearings on the debt limit at 10:00 AM on next Monday, the 21st. He said since we can't produce the Secy, we are providing them both of our Under Secretaries (you and Dr, Walker) -he is going to try to line up George Shultz, which may be difficult. I mentioned that Monday is a Govt. Holiday (Geo. Washington's birthday) and Mr. Smith said, yes, the Cmte, is exacting its (See also page 3) pound of flesh. On cal. 12:25 PM - Alan Wade called to get a transcript of the tape of your talk yesterday noon at SAIS. He said you created quite a sensation when you made the statement that the U.S. would no longer tolerate special trade relationships - which the Canadian press has picked up and Mr. Wade said this was all over Canada. I referred him to OASIA secretaiat; Bill Weber is out sick today. 12:35 PM - Mr. Hayes called you and will call again this afternoon. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Evidently he expects to be out of his office for a while. Messages for Mr. Volcker NOTE: - 3 February 17, 1972 Messrs. Adams, Bennett, Snyder, Cook, Carlock, and Fitzpatrick a) 11 ow about the scheduled debt limit hearing and I understand Mr. Adams is preparing a statement. 2:10 PM - Mr., Adams said he'd like to see you later this afternoon when finishes the draft of the debt limit statement -- he'll let us know when he's ready. 2:20 PM - Mr o Wade called and said he needs to talk to you; all the anadian reporters excepting one have published stories about your luncheon talk yesterday, and the one exception is (Mr, Wade) demanding to be released from the embargo -- and he/has had a number of inquiries about a statement you are reputed to have madeindicating that our special preferential treatment of Canada is dead and we won't have anything like that any more." Mr, Wade said he would be in touch with Dilr Cross to see if the transcript of the recording of your remarks had been completed and he could check out what you said in this respect 3:20 PM - Ambassador of Japan Ushiba and Mrs. Ushiba have extended an invi- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tation to you and Mrs. Volcker to a Black Tie dinner in honor of Secretary and Mrs. Connally, at 8:00 p.m. on Friday, March 3, at the Embassy, 2516 Mass. Ave., N.W. On your calendar for March 3: You are scheduled to address the La.State Unv.EconomiN1Seminar in Baton Rouge, La. Is it all right to regret the Ambassador and (Mrs.Wiles YES Mrs. Ushiba's invitation? NO 234-5363. - 4 - Messages for Mr. Volcker Thursday, February 17,1972 Sun, 4:10 PM - Dave Ablett, resident correspondent for the Vancouver called to offer his apologies. He referred to his cornering you at the Canadian Embassy last night - and feels now that he might have abused the Ambassador's hospitality in monopolizing your time. He left his phone number should you have a minute to talk with him. (638-0966) when 4:35 PM - Mr. Bennett would like to talk with you on the phone ,Au have a minute. (5848) f. Wallich called and said he was here today and 4:40 PM - Pr/ tomorrow and wondered if you would have some time to I see him tomorrow afternoon -- he's testifying in the morning. I suggested 5:30 (he's leaving the building to catch a plane at 6:00), call him. 4:50 PM - Oakley Hunter called and would like you to 293-6060 5:05 PM - Mr, Hennessy has been called to a meeting with the President http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis of the Inter-Amdex American Development Bank and will not be back in Treasury at 5:30 p.m. when he had hoped to meet with you. the IDB. He will be in touch with you on his return from Mess,,ges for Mr. Volcker _ 5 _ Thursday, Feb. 17, 1972 PM - Bill Niekirk of the Associated Press (based in Treasury) called with a question about your Canadian speech yesterday. He asked that his call be returned - he expects to be tere NOTE: Public Affairs said he wanted 4 copy of the until about 6:15 PM. (2658) transcript. 6:25 PM - Jim Smith stopped by and said Tom Vail hasn't confirmed it yet, but it now looks as though the Senate Finance Cmte. hearings on the debt limit will be on Monday, the 28th, with the Secy. and Mr. Shultz, instead of next Monday, with you and Dr Walker. &' 7:00 PM - Mr. Hirschtritt asked to see you sometime tomorrow morning http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis about an expense to theI/have given him 11:30 a.m. on Friday morning. ON CAL. Messages for Mr. Volcker - 1 - Wednesday, February 16,19T 8:45 AM - Chairman Burns' secretary extended the invitation to lunch at the Fed today - with the message that the Chairman would be unable to host. I told her you were a luncheon speaker today - and a staff luncheon with Bob Holland hosting is being arranged through Mr. Bennett's office( 10:35 AM - Tilford Gaines called from New York. be returned. He asked that his call (A‘C.J12-350-6630) 10:40 AM - Asst. Secy. of State Sisco called and would like to speak to you on the phone sometime today. 101 - 29588 11:15 AM - Ambassador Eyvind Bartels of Denmark has asked for an appoint- http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ment with you (nothing specific to discuss, but the general international economic situation) one morning next week. I have tentatively given him 10:00 a.m. on Thursday, Feb. 24. Is it all right to confirm? YES NO If yes, shall we ask Mr. Cates : -1 ce:t.44 to attend? NOTE: Sam Cros adt-sfe 00, I spoke with Ellen Mal Cv; the who has/Denmark desk in , ek` ()ASIA about a briefing paper. She noted that you had seen the Ambassador on a previous occasion and didn't think a briefing paper would be necessary unless you specifically requested one. Shall we ask that a briefing paper be prepared YES NO (Mrs. Resting - Danish Embassy: AD 4-4300) • Messages for Mr. Volcker February 16, 1972 - 2 - 2:45 PM - Peter Towe's secy called to ask if we had an answer yet from you about lunching with him on Friday. yo4have been. Told her how tied up Your cal. clear on Friday for lunch. ACCEPT REGRET 3:15 PM - Joe Slevin called to ask about a time on Saturday for a futther taping session. He said "you have had enough time to collect your thoughts." 5:00 PM - Under Secretary vnusen called again. call be returned when you are free. 5:10 PM - John Colman returned/your call. He asked that his (138-57123) I explained you had a meeting going on and would/call again in about a half an hour. (He can be reached in Mexico on either 41790 or 40407.) 5:55 PM - Mr. Flanigan's secretary ailed to say that he had had a discussion with Bennett and had his question answered, so Mr./ it is not neceshary that you return his call now. NOTE: - Mr. Hennessy is standing by to meet with you when your meeting is over. 6:25 PM - Mr. van Dusen called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - February 16, 1972 Dr. Ellison at the Industrial War College tried to get the Secy to speak at the College on Thursday, March 2, at either 8:30 AM or 10:30 AM in connection with their course on economic policy. The Secy. could not do it and Mr, Pannill asked me to call Dr. Ellison. He said they are having Ezra Solomon, of CEA; Mr. Schweitzer of the IMF; Mr. Hannah of AID, Mr. Eberle, and others as speakers, and wanted to wind up with the Treasury -to have the Treasury views as to how the Treasury looks at our intl. situation, principally in terms of international monetary reform, Phase II, the international outlook, and how it interrelates with domestic economic and other policies as well. I told Mr. Ellison you were scheduled to testify before the House Banking Cmte. on the gold bill on March 1 and you might be asked to continue testifying on the 2nd -- and asked if there were any flexibility in setting a date for your talk to the College, if you agreed. He more or less indicated there was no flexibility and asked about the possibility of seeing if Dr. Walker could do it if you can't. I would ask you what you suggested. I told him He said if you felt you could do it, he would suggest you speak briefly and then have a fairly lengthy Q & A session He said if you could speak at 8:30, you could be at the Hill by 10:30, if necessary. The War College is at Fort McNair in SW Washington -- I don't think it's far from the Capitol. OX 3-8179 Messages for Mr, Volcker - 1 - February 10 - 15, 1972 Thursday, February 10 NOTE: on the Mr. Bennett told me Jim Smith had told him the hearing gold bill were March 1st, so I checked to see what had been changed. Mr. Smith's office said the Senate Banking Cmte. hearings are still on Feb. 22 but the House hearings have been changed from Feb. 29 to March 1. I alerted Mr. Adams to this since you are scheduled to speak at the 12:30 to 2:00 PM Mutual Savings Banks luncheon at the Mayflower that day, 4:30 PM - Under Secy. Van Dusen of HUD called and would like you to call him when you return from Florida. 138 - 57123 Friday, Februaryll on 11:50 AM - Mr. and Mrs. Fowler accept with pleasure dinner invitati advised.) for February 29 honoring Mr. and Mrs. Petty.(Mrs.Volcker 1:50 PM - Tilford- Gaines of Mfgrs. Hanover Trust, N.Y., called to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis invite you to join him for dinner on Thursday evening, February 17. You have accepted a black tie dinner invitation for the Vice President and Mrs. Agnew by the Turkish Ambassador for that evening - and I expressed your regret and asked his secretary to tell him that you have a dinner engagement. Mr. Tilfard said he was sorry you couldn't join him. Mesages for Mr. Volcker - 2 - Thursday-Tuesday,Feb. 10-15 10:15 AM - Mr. Rendall has asked that we put a hold on 1:00 p.m. on Tuesday, March 21, for a possible luncheon for Mr.Manescu of Roumania, hosted by the Secretary. (He will send memo.) CAL. NOTED. 1:00 PM - Rose called, accepting for Mr. and Mrs. Connally the dinner invitation for February 29. (Mrs. Volcker advised.) 3:30 PM - Rose Cicala has asked that we put a hold on your calendar at 9:30 a.m. on Friday, February 18, for a meeting in his office with him and Dr. Walker -- on the Intelligence Board. CAL. NOTED, 4:00 PM - isimalexxSENxE Asst. Secy. of State Joseph Sisco called. He will call again tomorrow. 5:45 PM - Mr. Roosa called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He is leaving for London in the morning, and said he sort of wanted to talk with you before he left; and asked that we itaaxmxx give you a message. He said he doesn't think anything has come through clearly in the way you intend to use the proceeds of the gain from the gold from $35 to $38. It may be that you wanted to keep this obscure -- and if so, all right. It would seem to him that you ought to put that gain in the Stabilization Fund. He can't see from anything in the press so far that that's being done -- and it may be too far gone to do anything about it now -- but he would have liked to talk with you about it. He will be returning to New York from London next Tuesday, February 22, and will call you again then. Messages for Mr. Volcker February 10 - 15, 1972 - 3 Tuesday, February 15 9:45 AM - Mr. van Dusen of HUD called and would like to speak to you on the phone on your return to the office. NOTE: 138 - 57123 The Walkers and the Barrs have also accepted your invitation to your dinner for the Pettys. We have still to hear from the Kennedys and the Demings. 2:30 PM - Robert Carswell called from New York. He would like about 3 minutes on the phone with you about the matter he talked with you about a year or so ago. (A.C. 212-483-1000) 3:30 PM- Hans Widenmann called. He said for your future reference, the Walker Key Fishing Club, Ft. Lauderdale, Fla., is very good for bone fishing. This was the recommendation of Wilson Wright, former senior economist of Proctor Gamble. Mr. Widenmann said that right now is not the season for bone Fishing Club fishing -- but in season the Walker Key/(off Fort Lauderdale) will fly guests over for fishing. 3:45 PM - Mr. Meissner said our new Ambassador to Japan, Mr, Ingersol, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis I. of Borg Warner, is seeing the Secy. in his office at 3:00 PM on Tues., Mar. 21, and Mr. Meissner thought you might like to see Mr. Ingersol at the same time; I told him you were free at that time and we would put the 3:00 o'clock date on the cn1 February 10 - 15, 1972 - 4 - Messages for Mr. Volcker 4:50 PM - Tracy Anderson at Johns Hopkins called re the luncheon at which you are to speak tomorrow. It will be held in the Envoy Rm of the Embassy Row Hotel, 2015 Mass. Ave., N. W. (enter hotel, go down flight of stairs, get on elevator and get off elevator you will be in the push G-1 and when you Envoy Rm.), with cocktails from 12:15 to 12:30, sit down at 12:30, and adjourn for afternoon session at 2:00. There will be an audience of 120 -- Vice Presidents (Intl.) and Presidents of companies. She understands you will arrive whenever you finish testifying on the Hill, as does Mr. Bradley. She may be reached at any time tomorrow at 785-1015. NOTE: Mr. Adams asked for a time tomorrow afternoon for the financing group to meet with you. Suggested 4:30. 5:10 PM - Peter Flanigan called. He asked that his call be returned. (His secretary said he will be in his office until about 6:30 PM.) Alan Neale has 5:40 PM - Derek Mitchell called with the message that Sir http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis beenanxious for sometime to have a talk with you. He is coming back from a visit to Australia and New Zealand via Washington and is going to be in Washington on February 28th and would like to see you then. I have tentatively given him 10:00 a.m. Is it all right to confirm? YES (Derek Mitchell) - Embassy 462-1340. NO Messages for Mr. Volcker - 5 - February 10 - 15, 1972 Tuesday, February 15 (Cont.) office called and said he wondered 6:00 PM - Miss Morin in Mr. Towe's Friday. if you could have lunch with him on She didn't ned in from San know the particulars -- said he'd pho you were free for Francisco and asked her to find out if lunch with him on Friday. Your cal. is clear. (785-1400) ACCEPT REGRET 7:15 PM - Mr. Hennessy called, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis h He would like about a half an hour wit r epotpourri of you to gommexx touch base with you and go ove general issues that are up in the air." this might be sometime tomorrow He wondered whether afternoon -- and I told him we would call when you are free. (Note: He is attend - day, Feb.16.) Mr. Bennett's OMB Meeting from 2:30 p.m. on Wednes (2748) Wednesday, February 9, 1972 1 - Messages for Mr. Volcker 8:45 AM - Hobart Rowen called. He said he had just talked with Peter Peterson - and he had a question he wanted to ask you about He is going up to the Joint one point in the gold bill. Economic Committee this morning and hoped you might have a minute to return his call to him at home before you left for otherwise, at his office this evening on your New York return. ; Office phone: 223-7323 or 7325. Home phone: 8:55 AM - Julius Katz returned your call of last night. (632-0396) 9:15 AM - Mr. Pelikan called -- at Mr. Eberle's suggestion -- for instructions from you. 9:25 AM- Penn James called. (5617) I asked his secretary to let him know you were on your way to National Airport and asked whether you could return his call this evening. He asked whether you had talked with John Colman, and was told that you had tried to reach him last night. Mr. James cancelled his call. e:00 7M - Ambassador-at-Large, Jahnagir Amuzegar, Chief Iranian Economic Mission, called to talk with you about the monetary situation. He will call Mr. Bennett in the morning. 3:20 FM - Message from Mr. Willis: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Eberle is going to plan on coming in to talk with you about 5:45 PM. I told Mr. Willis he might have to wait a short while - and he thinks Mr. Eberle will make it 5:45 p.m. regardless. -a Messages for Mr. Volcker - 2 - Wednesday, February 9, 1972 3:55 PM - Leonard Silk of the New York Times called to ask a quick question about the gold bill. His call was referred to Alan Wade. 4:00 PM - Jim Smith called to alert you that once the transmittal on the devaluation goes to the Hill Chairman Sparkman is intending to begin the hearings in the Senate Banking Committee on on thp 22nd. February 22. Secretary Connally will not be here/. Mr. Smith has discussed this with both the Secretary and Senator Sparkian and it is agreeable with the Senator that you appear before the Senate Banking Committee. probably begin February appearing. The House hearings will -l- with both you and the Secretary CAL. NOTED. 4:30 PM - George Pantos, of Peter Peterson's office, said Mr. Peterson http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis had asked him to call to invete you to participate in a briefing of U.S. businessmen who are going to the U.S.-EEC Businessmen's Conference in Paris, March 1st through the 3rd. This is a group of top executives who have asked for a briefing by the Government on Thursday, February 17, from 2:00 p.m. to 4:00 p.m. Mr. Peterson is chairing; and Mr. Samuels will larticipate on behalf of State; Harold Scott for Commerce and Amb. Eberle for STR, and he is asking you to represent Treasury -- to discuss international monetary issues. Mr. Peterson will be sending over to you later today a memo with full particulars. The meeting will take place at the Messages for Mr. Volcker Wednesday, February 9, 1972 - 4 - 5:20 FM - Mr. Wieczorowski called. He asked for an appointment for himself and Burke Knapp (Vice President of the World Bank) on Friday, February 18, to discuss bond issues. I have tenta- tively given them 3:00 p.m., subject to confirmation ( and plans Wednesday your piamts/for the possible get-together of the da. luncheon groitp by Hans Widenmann at Boca Raton, Flori Friday-Sunday, Feb. 18-20. CAL. NOTED. 2:40 PM - Mr. Katz called and would like you to call him. 101 - 27950 4:30 PM - Gov. Daane called and would like to talk to you about a speech which Gov. Brimmer is going to give in which he says, among other things, that he fully supported the realignment but on the consumer price index, it represented an increase of a full percentage point. 4:50 PM - Mr. MacLaury's secy called to say he ;will be in town http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis next Monday and Tuesday and wondered if you m could have dinner with him on Monday night. be away. Ha I explained you would Messages for Mr, Volcker - 1 - Tuesday, February 8,1972 NOTE:- Mr. Nelson would like to talk with you sometime today about swap settlements and the position Mr. Coombs should take at Basle, - Mr. Cates called about an outline he had sent to you Last week for a checkoff of a subject for your luncheon speech on February 16 at the Johns Hopkins UnivoSchool of Intl. Advanced studies; their Conference entitled -- Canada & the U. S.: The New Crunch" -- . He wondered whether you had any pnafer- ence for your subject in order that he might start drafting. (8243) 9:50 AM - Mr. Cates called and said he would like to see you and bring http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Dyche, who is just back from Tokyo. I said we'd call him when you're free. (Govt Daane is on his way over. t/ ,7;" "<;141rileco. - 2 - Messages for Mr. Volcker Tuesday, February 8,1972 1:45 PM - Mr, Holmes called from New York - and his call was transferred to Mr. Adams. 2:00 PM - Mr, Adams called. He asked that his call be returned. (5806) NOTE: Mr. Bradfield has gone to a conference on multinational institution bills in the Capital starting at 2:30. He will check in with us shortly before 3:00 to see if you wish him to join you at the Leadership meeting on the gold ;Dill Do you wish him to join you? YES NO (Messrs. Finkel and Knorr will be able to carry on at the multinaLional institutions conference if Mr. Bradfield needs to leave.) 2:40 PM - The social secretary to Israel Ambassador Rabin called to extend an invitation to you for a stag luncheon in honor of the Israeli Minister of Finance, Mr. Phinhas Sapir, on Wednesday, February 16th, at 1:00 p.m., at the Ambassador's residence, 2916 Chesapeake St., N.W. I explained that you had accepted an invitation to be luncheon speaker (at the Johns Hopkins University School of Adv. Intl.Studies) at 12.30 p.m. on Wednesday, February 16 and asked that your regrets be conveyed to the Ambassador. 2:50 PM - Mr. Hoyt, OFDI, called. He is anxious to talk with you and asked that his call be returned. (183-7327) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 3 - 3:30 PM - Mr, Adams called again. Tuesday, February 8, 1972 He is anxious to talk with you about the phone call from Alan Holmes. NOTE: Marty Miller called this morning about seeing you; I described your schedule and said I was afraid it would have to wait until you returned from your few days rest. He then asked your schedule to NY tomorrow and I saw nothing to do but tell him. He then asked me to ask you if you would mind if he flew up with you on the 10:00 AM Shuttle so he can talk to you. 3:15 PM - Mr. Nelson called and still needs to see you before Mr. Coomhs leaves for Basle -- and he is planning this time to leave on Thursday morning, rather than afternoon. 3:20 PM - Mr, Cates called and said he and Mr. Dyche still need to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis see you. Messages for Mr. Volcker - 4 - Tuesday, February 8, 1972 6:25 PM - Mr. Eberle's secretary called with the following message http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis for you from Mr. Eberle (who had just phoned her from the San Francisco airport - prior to departure for Washington) "I have just received word from Europe we will not be ready tomorrow. I will be meeting with Ambassador Ushiba 1:00 a.m. Wednesday morning. We have reached approval except for final document." Mr. Eberle added, she said, that he will be calling you the first thing in the morning. I told his secretary that you were leaving National at 10;a4 *Fee A.M. tomorrow for New York -- not to return until about 5:30 p.m. - and asked whether she had any idea as to the time Mr. Eberle planned on calling you in the morning. She said he had told her he intended to be in his office at 8:00 a.m. amixpolixibiyxkRxpiamllek I told her I would ask you the best time - and whether at the office x or at home - for him to phone you, and relay the information to her so that she might pass it on iilxMx to Mr. Eberle. Would you prefer that he call you at home at 8:00 AM? YES OTHER (Dorothy Kyle - 395-5114) NO Messages for Mr. Volcker February 8, 1972 - 5 to set up an appointment 6:15 PM - Mr. Wieczorowski called to try NNE http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tomorrow for him and Mr. Burke Knapp to see you late afternoon. When I told him your schedule, he said the today of the 5-year problem was they had a Board discussion on against having lending paper and the U. S. took a positi McNamara read the a consensus in favor of the paper, but the ,U. S., as rest of the members of the Board, except and Sweded were favoring a consensus, although the French to hope more somewhat in our position, although you had than count on strong support from them. Knapp came down meeting and said to Wieczorowski immediately after the -- he would like what can we do about the U. S. position to talk to someone about it. Mr. Wieczorowski doesn't positions in this feel we are in the best of all possible matter. y. Mr. Wieczorowski is supposed to see the Sec so this would tomorrow at 3:00 but on a different matter and he isn't not necessarily fit into the conversation specifics, so he sure how well versed the Secy. is on the Secy. isn't sure he should bring it up with the Also, he on; Mr. W. found today that McNamara was over with Nix doesn't know what that means. if we didn't do anything. I asked what would happen Mr. W. said it puts McNamara in k the U. S. in in the awkward position of whether to kic Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tALe teeth or back off. - 6 - February 8, 1972 Mr. W. said for 25 years we have been trying to get the European countries to do more and now the U. S. is going the other way. Mr. W. said he'd be at home this evening. I called Mr. Finkel and teld him about this; he thought you would have to deal with it but said he would call Mr. W. at home this evening and try to get a word with you before you leave for NY in the morning. Volcker Messages for Mr 10:30 AM - Mr - 1 - February 7, 1972 Flanigan called and would like you to call him, 145 - 2361 10:50 AM - Jim Smith has arranged an appointment for you (he will accompany you) for 3:00 p m with Congressmen Patman and Widnall this afternoon = in Congressman Patman's office, Room 2328 Rayburn House Office Building. ON CAL Do you want Mr. Bradfield to accompany you? 11:00 AM - NOTE: YES NO Secy's Dining Room is closed today, 12:00 M - Mr. Flanigan calle /Again and is anxious to talk to you. 12:05 PM - Mr. McGinnis'x secy called about his seeing you -- we didn't get him in on Friday I suggested 2:00 PM tentatively. 12:45 PM - Mr. Eberle's secy, called and said he is on the West Coast and will be back tomorrow night; however, she will be talking to him and can ask him to call you if you wish. 1:10 PM - Secy, Rogers called you and cancelled the call when told you were at lunch. 1:12 PM - Messrs. Snyder and Cook are back from lunch if you want them, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 2 - Monday, February 7, 1972 2:30 PM - Mr. Adams's office has advised that the Annual Meeting of the Economic Policy Cmte0 of the Life Ins. Assoc. of America -scheduled for 12:00 noon on Friday, February, with the Secretary, you and the Treasury Financing Group -- has been cancelled because the Secretary will not be here. The Luncheon at 1:00 p.m. at the Madison has also been cancelled. - NOTE: CAL. NOTED. We have cancelled your reservation for the Betts' retirement reception buffet on Friday evening, February 11th -and received the refund of $7.00 to be returned to your petty cash. 2:55 PM - Mr. Flanigan wiled you and, when I said you were on your way to the Hill, his secy. asked where they could reach you, so I assume they reached you there. 3:14 PM - Julius Katz called and would like to speak to you on the phone. 101 - 27950 3:00 PM - Mr. Schweitzer called. He asked that his call be returned. (181-3057) 3:05 PM - Congressman Gerald Ford (Mich.) called. be returned. He asked that his call (He expects to be on the House Floor for the next hour and is reachable on 180-7350; after that he will be in his office on 180-3131) 3:25 PM - Mr. Nelson asked to see you about swap settlements and the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis position Mr. Coombs should take at Basle. I havoltentatively given hith 4:30 p.m. - and told him he would be called when you have returned from the hill. (2884) Messages for Mr. Volcker - 3 - February 7, 1972 3:20 PM - Fred Springborn wanted you to know that the NAC Annual Report is still in the Secy's office. He said that Mr Pannill said you had read the report and he, Pannill, is going to read it, I assume for the Secy. Mr. Springborn said it is so late now it is almost ludicrous to send it out -- he just wanted you to know it is still in limbo. 3:25 PM - Ambassador Burgess called and said he wanted you to know that they plan on asking as the principal speaker at the Annual Per Jacobsson Lecture, Henry Wallich; the El two other speakers will be Patel, Economist with the Bank of India, who used to be with the IMF, and Jeremy Morse, from the Financial Crisis of 197L" They will talk on "Lessons This is the Annual Per Jacobsson lecture that takes place just befor the Bank-Fund Annual meetings. Amb. Burgess wanted you k to know what they are planning in case you have any reactions or suggestions. I gather he was wondering a little bit about Henry Wallich. He said it wasn't necessary for you to call him unless you did have some reactions 3:35 PM - Mr. Flanigan called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 347-9353 He is anxious to talk with you and asked that his call be returned. Messages forMr. Volcker 4:30 PM -k Mrl, Samuels called. - 4 - He is anxious to talk with you and asked that his call be returned. 5:10 FM - Mr. Pelikan called. Monday, February 7, 1972 (101-20410) He wants to pass some information on to you about timing on the trade matters. He said there may be an .effort by the White House that the trade message is not to be legislation. put in at the same time as the gold/mRximgRx (5617) 5:20 PM - Mr. Cates called about an outline he had sent to you last week, luncheon asking for a check-off of a subject for your/speech on February http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 16 at the Johns Hopkins Univ.School of Intl.Advanced Stuies the Conference entitled: Canada & the U.S.: dxgRxwx The New Crunch" he wondered whether you had any preferences HEX in order that he might start drafting. (8243) 5 Messages for Mr. Volcker 1 Friday, February 4, 1972 12:00 Noon - Jim Smith has arranged an appointment for you with Congressman George Mahon at 11:00 a.m. on Mond ay, February 7. 12:30 PM - ON CAL. Dr. Wallich called. -- in Room 2314 Rayburn HOB. He is leaving Washington this evening (departing Treasury 6:30 p.m.) and wondered whether he might have a few minutes with you this afternoon. He is free at any time, except between 3:30 p.m. and 4:00 p.m. you him. I told him we would call when/ka can see/ix (5881) 10:4J AM - Mr. McGinnis would like to see you sometime this afternoon after 2:00 on McConnell Douglas -- he could wait until Monday but would prefer today. were free. I said we'd call when you 2536 11:15 AM - Mr. Wieczorowski called and would like to speak to you on the phone. 181 - 2776 12:15 PM - Alan Holmes called and would like to speak to you on the phone when there is a chance -- he said it was not urge nt. NOTE: Joe Slevin called and asked about another taping session tomo rrow. He also asked how we were coming on transcribing what was tape d last Saturday. What shall I tell him about tomorrow? 4:25 PM - Congressman Mahon's secretary called to say that the Cong ressman http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis will see you and Mr. Smith in the House Appropriations Cmte . Room - H-218 in the Capitol. ON CAL. • Messages for Mr. Volcker - 2 - February 4, 1972 6:50 PM - Mr, Fiedler stopped by and said he wanted you to know that http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he is planning to go to the Paris meetings of the OECD Working Party on Incomes Policy on March 8 and 9. this seemed to fall into his bailiwick. He said Messages for Mr. Volcker - 1 - Thursday, February 3, 1972 9:30 AM - Mr. Hoyt, Director OFDI,Commerce, called. call be returned. He asked that his (183-7327) 9:40 AM - Mr. Bennett called from the Crillon (Rm. 237) -- said he'd http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis be there a little bit longer if you want to call him but he wanted you to know that he did meet with a lot of the press yesterday afternoon and it came out right in the newspapers over there -- contributing to calm. Second, so far as the EPC meeting was concerned, it was like the WP-3, mainly the Swiss and Dutch were complaining with everybody else on our side; with France and the others wanting tighter capital controls. - 2 - Messages for Mr. Volcker Thursday, February 3, 1972 4:20 PM - Lee Cohn of the Washington Star called. He would like to talk with you on the phone about the internatimal currency situation and asked that his call be returned. (484-4280 or 5000). 4:45 PM - Jim Smith stopped by and left the following message for you: "We won the vote in the Senate on the IDB appropriation; and the Proxmire amendment (which would have stricken $100 million from the IDB.appropriation) failed, 36 yeas to 46 nays." 5:00 PM - Mr. Adams and the financing people would like to come in to see you at 6:00 PM - when they expect to have their figures ready. 6:10 PM - Mr. Snyder stopped by to let you know that the Ways & Means Colundttee is filing its report tonight; he has read it and says it is not much more abusive than usual. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Gordon Nelson of FNMA called today about a color picture of you for their Annual Report; they have color prints of all the other Board members and could send a photographer over to take some color pictures of you but it would take about 20 minutes. Alternatively, they could use a black and white picture but I gather they would prefer to leave you out rather than use a black and white, if you can't sit for a color, if you wouldn't mind, With all the other pictures in color, one in black and white would stick out like a sore thumb. tell him to just leave you out? YES NO Is it all right to Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis February 3, 1972 - 3 - Hal Reynolds called this morning and said he had a conversation with Mr. Petty about Mr. Reynolds going to work with Mr, Weiczorowski at the World Bank and the basis on which he was going over there, in the process of which Mr. Petty freely ;used your name, saying this arrangement had the full support of Mr. Volcker. Mr. Reynolds said he subsequently talked to Mr. Wieczorowski and Mr. W. thought Mr. Reynolds should have a i talk with you. 1\11r. Reynolds said he was going over to the World Bank tomorrow, but if you have tht time to talk to him, he would very much appreciate it. I explained you were on the Hill testifying and had spent most of your time up there the past several days and I didn't know how soon you would h get out from under the pressure of time but said I'd convey his request. N _ 1 _ Messages for Mr, Volcker 9:30 AM - Mr. Wieczerowski called, Wednesday, February 2,1972 He said he would like to talk with you briefly as soon as possible about Hal Reynolds, and asked that his call be returned, 10:25 AM - mr. (181-2776) Finkel would like to talk with you on your return from the Hill. (2067) 12:00 M - Randolph Burgess called. He'll call back this aftenoon. 12:50 PM - Mr, Pelikan would like to see you before 4:00 today if you get back from the Hill in time, 1:30 PM - Message from Secretary's Operator: on Friday morning. There will be a staff mtg. ON CAL, 3:50 PM - Mrs. Hess at the Turkish Embassy called to extend an invitation http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to you and Mrs. Volcker from Ambassador and Mrs( Esenbel to a black tie dinner in honor of Vice President and Mrs. Agnew at 8:00 PM on Thursday, February 17. You and Mrs, Volcker are to attend a 6:00 to 8:00 reception/buffet by the Consumer Bankers Assn. at the Stacler on the 17th. (667-6401) ACCEPT REGRET Otherwise, cal. clear. - 2 - Messages for Mr. Volcker 5.20 PM - Mr. Wieczerowski called again. returned. Wednesday, February 2,1972 He asked that his call be (181-2776) 5:30 PM - Alan Wade called. He said he was getting numerous calls from the press - and there were two things he wanted to talk with you about: 2) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 1) Senator Javits' speech on the Floor; and Rob Wood of the Los Angeles Times. (8919) Messages for Mr. Volcker - 1 - February 1, 1972 10:10 AM - Mr. Menshikov, who identified himself as a Russian, called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis and said you had had a previous call from Dr. Ira Scott of New York about seeing Dr,. Scott and Mr. Menshikov and Dr. yesterday Scott told Mr. Menchikov/that you had suggested three dates for such meeting, namely Monday, Feb, 7, any time except 2:30, or Feb. 9 or 10, any time until noon. However, Dr. Scott said his father was ill and he had to fly out to Kansas so Mr. Menshikov would have to see you alone. Mr. Menshikov said Dr. Scott is a friend of yours from college days. I tried to find out what Mr. Menshikov wanted to see you about and he declined, saying only that it was not official business, on Feb This struck me as strange because 7 you have a 10:00 o'clock meeting but nothing at 2:30; on Feb. 9, you have to be at the Hotel Plaza in NYC by 11:30 AM to speak at the Savings Bonds luncheon (they're having a reception in your MA honor from 11:30 tO 12:15); on Feb. 10th, you are clear in the morning. said his preferred date was Feb. 7. Mr. Menshikov He said he could be reached at 779-5100, Ext. 312 Onikia (which is a hotel) until lunchtime and after lunch at 454-2303, which is an office. Messages for Mr. Volcker Tuesday, February 1,1972 10:15 AM - Mr. Dale called. He said he has several things he would like to talk with you about and asked for a half an hour sometime today. I have given him 3:00 p.m. ON CAL. 10:30 AM - Frank Saul called and would lik e to speak to you on the phone. NYC - 943-3300 10:40 AM - Mr. Adams would like to see you . 12:43 PM - Mr. Eberle returned your call. office all afternoon.) (He expects to be in his (395-5114) 12:45 PM - Mr. Bennett called from Paris. He said the WP-3 meeting was over now and there were no developments of any concern for you. His call was transferr ed to Mr. Nelson - to whom he said he was going to give the details. 1:30 PM - Congressman Minshall returned your call. 3:35 PM - Mr. Pelikan called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked that you be given the message that he knows where the latest position on the European negotiation stands; he also has an urgent message for you from Mr. Eberle. NOTE: I mentioned the fact to Mr. Pelikan that you had tried getting in touch with Mr. Eberle this morning and tha t when he did return your call his secretary had said Mr. Eberle expected to be in his office all aftern oon. Mr. Pelikan said he thought Mr,. Eberle was planning to fly to New York. Tuesday, February 1, 1972 - 3 - Messages for Mr. Volcker 4:15 PM - Millie Griffin ofJim Smith's office called to say that the House Ways & Means Committee was meeting in Executive Session on the Debt Ceiling at 10:00 a.m0 tomorrow morning (Wednesday, February 2) in Room 1102, Longworth HOB. She hasx said Ed Snyder (and Howard Beasley of Dr. Walker's staff) were going to accompany Dr. Walker to the hearing on the budget before the Senate Appropriations Committee; Jim Smith is out sick today and they don't know whether to expect him in tomorrow. The Committee would like the names of those who will be accompanying you -- either tonight or the first thing in the morning. 4:30 PM - Millie Griffin called again and said Mr. Smith said he was going to recommend to the Secy. that he should attend the executive House Ways & Means/session on the debt limit. he is staying, 5:30 PM - Mr. Wojnilower called from the Hay -Adams, where to ask when you would be free to meet for dinner tonight and suggested we call him there RititxxithempaRstioxxiladxkitem with the information after you had been consulted. (638-2260-Ext. 330) He is in his hotel room and is content to wait until you get free and call him -- he doesn't think there should be a problem with reservations. 5:50 PM - Millie Grfffin called and said Rose called and said the Secy0 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis will not be able to testify on the debt limit in exec. session tomorrow, The Cmte. wishes to know in advance who you will J / bring with you -- Adams ? Roland Cook? Jill Ouseley?k Leahey? AAkt," ' ( / Messages for Mr. Volcker 1 - Monday,January 31, 1972 - 9:00 AM - Mr. Hormats has asked for 10 or 15 minutes with you late this afternoon to discuss the Annual Review of the President's Report to the Congress on U.S. Foreign Policy, him 5:30 p.m. ON CAL. I have given (103-5026) 9:15 AM - Mr, Cates called to ask whether there was anything new on whether Canada -- whmx/you had talked with the Secretary - and, if so, what the outcome was. (8243) 10:00 AM - The Administrative Office informed us that lunch in the the time might Secretary's Dining Room w±/be a little late today --/depending on his return from the Hill -- and asked whether you would be having lunch there also. They have been told that you will have lunch in the Secy's Dining Room. House 10:15 AM - John Whitaker of Mr. Erlichmann's office at the White called. morning. He has been told that you will be on the Hill all His secretary said it is urgent that he speak with you when you return to Treasury for lunch and asked that his ii -("Al-e # calJ/be returned. 10:20 AM - Penn James called. #1 ,4 . 4r (145-2526) His secretary asked whether Mr. James could come in to see you this afternoon. I have given him 5:45 p.m. (and told his secretary it could possibly be changed to mid -afternoon, if you did not have to return to the Hill). ON CAL. 10:25 AM - Mr. Eberle called. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (396-5114) He asked that his call be returned. Messages for Mr. Volcker NOTE: - 2 - Monday, January 31, 1972 Messrs. Cole, Patrick and Schaffner have been rescheduled from 4:00 p.m0 this afternoon to 5:00 p.m. on Tuesday, Feb. 2, re banks organizing subsidiaries to be DISC's. ON CAL. Messrs. Petty and Peter Towe have been put on your schedule for 4:00 p.m. or 4:30 p.m0 this afternoon (depending on thex Mr. Petty's availability). CAL. NOTED 10:50 AM idocidtxRm - Mr. Geng is going to be in Washington on Tuesday and Wednesday of this week, February 1 and 2 - and asked to see you for about 20 min. I have given him 5:30 p.m. on Wednesday afternoon. ON CAL.): 11:15 AM - Mr. Whitaker cancelled his call. 1Z Warned Mr, Geng he had better check in with us since you may be on the Hill on the debt limit. off the list. He said in that case to take him He'll be coming in to see Mr. Adams at 9:30 Wednesday morning and may stop by then and say hello. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - Messages for Mr. Volcker 2:55 PM - Frank Saul called, Monday, January 31, 1972 He asked that his call be returned. (ACC. 212-943-3300) 3:00 PM - Harold Scott called. He asked that his call be returned. (189-2867) 3:25 PM - Mr.Greenlee's secretary called to invited you to attend Mx. Fiedler's swearing in at 12:15 PM on Thursday, Feb. 3 -in the Secretary's Office. ON CAL. 3:00 PM - Rob Wood, of the Los Angeles Times, called urgently requesting to see you sometime this week because he is in D. C. only this week and then has to return to Los Angeles. He is trying to find out about the "anatomy of the decision to go from the old economic policy last summer into the New Economic Policy -- the last half of July and beginning of August how the Administration's thinking crystalized." I told him you would be testifying on the Hill a good deal of this week and your schedule was terribly jammed but said we'd put his request to you. 296-1440. 3:55 PM - Mr. Weintraub called and would like to speak to you on the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis phone if you return before your 4:30 meeting. 101 - 20396 Messages for Mr. Volcker - 4 - 5:05 PM - Mr. Hirschtritt called, about a half a minute, Monday, January 31, 1972 He said he needed to see you for He has to call someone on the Hill on the ESF question in connection with the floor debate tomorrow (Tuesday, Feb. 1) before 5:30 p.m., *2fafai and wanted your guidance. (2803) 5:15 PM - We have given Penn James 11:00 a.m0 tomorrow morning (Tuesday) and cancelled his 5:45 p.m0 meeting with you this evening. CAL. NOTED. that the Secretary 5:15 PM - Mr. Hirschtritt just stopped by to say and had dictated a little note for him on the ESF matter this will take care of the matter he wanted to see you about. 5:30 PM - Mr. Scott called again. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker Friday, January 28, 1972 9:15 AM - Crawford Smith of the Public Affairs Office, Savings Bonds Division, called to say that a IIHRX scenario was being prepared for you for the luncheon meeting of the New York City "Take Stock in America" Committee where you are speaking on Wednesday, February 9th, in New York City, and asked whethayou would like him to prepare your statement. Shall we tell Mr. Smith you would like him to prepare a draft for you? (Crawford Smith - 5888) 9:30 AM - Jesse Adams of Savings Bonds stopped by. He said he would like about 10 minutes with you sometime this afternoon. I suggested 12:30 p.m. Is it all right to confirm? YES NO (2504) 9:45 AM - Frank Saul of F. S. Smithers called. He asked that his call be returned0( A.C. 212-943-3300) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mrs. White in the office of Mr, de Vries at the IMF called and Mrs. Volcker to invite you/to an informal dinner Mr. and Mrs. de Vries are giving at 8:00 PM on Tuesday, Feb. 15, at their home. We were holding that evening for your possible participation in one of the Blair House dinners; I checked with Patrick O'Donnell's office and they said they would not need you on Felp 15th, so January 28, 1972 Messages for Mr. Volcker you are as to accept the de Vries invitation if you wish. (181 - 2041) n (r))(1) ACCEPT REGRET NOTE: I 6( What shall I tell Mr. Slevin? 10:00 AM - Gordon Nelson at FNMA called re getting a color photo of you for their Annual Report. They had a photographer taking informal color pictures of the Board members at the last Board mtg. but you arrived after the photographer had left. They would need to have the photographer come and take pictures of you in your office sometime next week in order tI meet their deadline with the printer. If you can't spare the time, they could use one of your existing black and white pictures, What do you iTt wish? 10:15 AM - Mr. Wade's office called to say the briefing th of the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Secy. for debt limit hearings will be at 4:30 today instead of 4:00. Messages for Mr. Volcker - 3 - Friday, January 28, 1972 11:00 AM - Dr. Walker's secretary called (at Mrs. Walker's request). She is following through on invitations which had been sent to Treasury people (other departments are also invited) during the Xmas holidays for a "Little Cabinet" dinner dance, Black Tie, at 7:30 p.m. on Friday, February 4, in the Thomas Jefferson Room of the State Department. The charge per couple is $25.00 - and the evening is just social. This invitation had been sent to your home and Mrs. Volcker has suggested that you make the decision on acceptance or regret. Shall we say you and Mrs. Volcker will attend? Cal. clear. YES NO 19" (Telephone acceptance to Shirley Watkins - 2801; Check in the amount of $25.00 to be sent to Mrs. John Venneman, 1431 Woodacre Drive, McLean, Virginia.) 11.30 AM - The overseas operator called and said Mr. Blumenthal was http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis calling you from Frankfurt; when I said you were in a meeting and I'd have to take a note in to get you out, she said in athat case they would talk to Page Nelson so I transferred the call. Mr. Nelson called at noon and said it had been Mr. Bennett calling; Mr. Nelson has the details of the agreement that was arrived at and would like to pass them to you when there is a chance -- but he said it was not urgent since the die has been cast. Messages for Mr. Volcker - 4 - January 28, 1972 12:25 PM - Mr. Wade asked if you had received a copy of Shultz' testimony on the debt limit for Mon day's hearings. not so far as I knew. I said He wonders if you could call Shu ltz and ask for it -- they've been trying to get a copy from Shultz' staff with no luck and Mr. Wade thinks it will take a call from you to get a copy and find out what Shultz is going to say. 2:45 PM 2:55 PM Fred Malik returned your call of yester day. - Penn James of the White House cal led. He asked that his call be returned. NOTE: NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - I have given Jesse Adams 5:00 p.m. on Thursday, Feb. 3. ON CAL. You wanted to call John Colman . Messages for Mr. Volcker - 5 - Friday, January 28, 1972 5:00 PM - Mr. Cole and Mr. Patrick asked for 1/2 hour with you the early part of next week to discuss "banks organizing subsidiaries to be DISC's. Monday, January 31. I have given them 4:00 p.m. on (Should the debt ceiling hearing create a conflict in timing, Mr. Cole and Mr. Patrick will stand by until you are free.) ON CAL. called and is anxious to 5:35 PM -_LaIaaul_ Kennedy at the White House speak to you on the phone as soon as possible. 395-4996 6:00 PM - Mr. Wade called and asked if you could possibly take one second to talk to Bob Wood of the Los Angeles Times. Wood has been trying tm all week to see the Secy, who refuses to see him, about the background of Phase I; he did see Dr. Walker but Walker could not do much for him. Wood's number is 296-1440, NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Rose Cicala called this afternoon re attached cable and said she'd had a call from Mary McConnell at State asking for an appointment with the Secy, for Republic of China Central Bank Gov. Yu, Rose said Secy. is testifying on Monday and Tuesday and leaving Tues, afternoon to make an out of town speech, so they are recommending that you see Gov. Yu. I checked with Mr, Lange in Finkel's shop, who is handling this; he said Miss McDonnell had phoned him also and the times that Gov. Yu would be available would be any time on Wed,, Feb, 2, or any time on Thurs., Feb, 3, excepting at 10:00 AM, when he has another appoint- Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ment. - 6 - January 28, 1972 Mr. Lange thinks Gov. Yu wants to discuss Republic of China participation in the IFI's but also may want to discuss the assets of Taiwan citizens in the U. S., but he will get a better focus and send you a briefing paper, Jim Smith says we had better count on your being before the Ways and Means on the debt limit both morning and afternoon on Monday and Al Ullman rather thinks they will be ready to go into executive session on the debt limit on Wednesday, which will probably take both morning and afternoon, and probably also on Thursday morning. The Treasury Consultants are going to be here on unemployment from 10:00 to 4:30 on Thursday. Shall we alert Dr. Wallich to the conflict? YES NO Would it be all right to suggest 4:30 on Thursday for Gov, Yu? ci “u‘f` YES \\AAs NO (Mary McDonnell - 101 - 21321 - or Mr. Lange) 6 - 1 - Messages for Mr. Volcker Thursday, Jan. 27, 1972 11.35 AM - Dick Riecken called from New York. He said he was a personal friend and had talked with you before. He has something he thought you would be very interested in hearing about and said he would call back about 3:00 p.m0 this Shall we put his call through to you when afternoon. NO YES he calls again? 2:20 PM - Mr. Wieczorowski's secy. called and said you wanted to be reminded to talk to Mr. Hennessy the question of covering Mr. Weed while he is away next month . Daane called. 3:15 PM in the h that he might have a couple of minutes with you ec before you see th opped by. 3:25 PM - Bob Solomo wi He is going to stop by about 4:00 p.m0 y at 4:30 p.m0 this afternoon. could come in at 4:00 pm He sal Gov. Daane. 4:25 PM - Gov. Daane and Bob Solomon asked that we give them a tentative appointment with you tomorrow -- and I have put them down for 3:00 p.m. Is it all right to confirm? YES NO OTHER (147-211 - 147-238) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Rose Cicala called at 4:25 p.m0 to say that the Secretary was running late and to let her know when you had returned from the Hill. Messages for Mr. Volcker NOTE: - 2 - January 27, 1972 Joe Slevin called yesterday when I was typing your statement for the hearing and asked what I had lined up for him with you this Saturday. I told him I'd have to call him back since we were under pressure getting ready for your testimony What do you wish to do? NOTE: Mr Petty has rescheduled the Canada meeting for 10:30 AM tomorrow in your office vice 8:15. NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Amb, Middendorf had a change of plans and is leaving Washington this evening so won't come in to see you this trip but appreciated the opportunity. Wednesday, Jane 26, 1972 Messages for Mr. Volcker 9:30 AM - Tom Wolfe called concerning your statement before the House Appropriations Committee tomorrow morning (ThursdayJan.27). He said that if at all possible he hoped he might have this early this afternoon so dlat it might be reproduced along with Dr. Walker's and sent to the Committee at the same time. 10:30 AM - Bill Newdick, Assistant to the Director of Personnel (Amos Latham) called at the suggestion of Mr. Greenlee concerning the personne referred to Carolyn 10:55 AM - Mr, Petty is back. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis papers for Mr. McGinnis. He was nufrak. He asked whether he might come in to see you at 12:00 noon today, since he will be going into the Canadian/U.S. meetings at State from 1:00 p.m. on this afternoon - and he would also like to report on his trip to Brazil, I told his secretary we would call if you were at the time - and m96tioned that you might be tied up with g people, the Treasury financin• (2522) Gordon Ahalt, Sr, Vice President at Chase Manhattan, called. He asked that sac be returned. (A.C.212-552- LI as Messages for Mr, Volcker - 2 - January 26, 1972 12:30 PM - Mr. Meissner says Mr. Bennett will see the "Intl. Enterprise Survey Team of Japan" studying multinational corps. at 2:00 on Feb. 10 for fuller discussions, so that the team's call on you at 10:00 AM on Feb. 7 will be a courtesy call to satisfy their request to see the Secy, who cannot see them 12:45 PM - Secy's Operator called to say there will be a Secy's Staff Mtg. this Friday. 1:45 PM - Gene Birnbaum called from New York. He is going to be in Washington February 3 and 4, and asked whether you are free to have lunch with him on either day. NOTE: You have a luncheon commitment on Thursday, Feb. 3; your calendar is clear on Friday, February 4. Do you wish to have lunch with Mr.Birnbaum? YES NO X . If yes, is it all right to make it on Friday, Feb, 4? (A.C. 212-552-8915) l 4:00 PM - Dr, Sedwitz, Exec.Secretary for the Economic and Socia http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Affairs office of the Organization of American States, extended an invitation to you to a reception at 6:30 p.m. at the University Club, on Thursday, Jan 27th, Mx Mr. Petty had been invited to the OAS seminar on monetary reform but had . declined and is sending Messrs. Syvrud and Lange in his place Since you are attending the Overseas Development Council s) discussion from 6:00 pm to 9:30 p.m. (chaired by Congr,Reus I regretted for you., 1 - Messages for Mr. Volcker REMINDER: Tuesday, January 25, 1972 Return Sir Denis Rickett's call of yesterday. (181-4283) - Peter Tawe of the Canadian Embassy called. 8:35 AM his call be returned. 10:00 AM - He asked that (785-1400) Congressional Liaison (Millie Griffin) called to say that the JEC hearings on the Annual Review of the Economic Situation at which you and the Secretary are to testify has been switched from Thursday, February 10, to Wednesday, February 16. CAL. NOTED. NOTE: On your calendar on Wed., Jeb. 16, you are to be luncheon speaker at the Johns Hopkins Univ.School of Adv.Intl. Studies (SAIS) Conference for Corporation Executives 12:30 at)4v00 p.m. at 1740 Mass. Ave.,N.W. (see below) 10:35 AM - Senator Javits called. He asked that his call be returned. (I told his secretary you were in a Committee meeting. The Senator will be either in his office or on the floor - and she indicated that he could be reached on the floor (should he be there) when you are free to talk with him.) NOTE: (225-6398) I have alerted Gene Bradley about the JEC hearing on the 16th. He said they'll play it by ear and can fit you in some other time on Feb. 16 on NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 17 if you can't make the lunch on the 16th. Rose said both the Secy0 and Dr. Burns have a 2:00 PM Quadriad meeting tomorrow and suggested we reschedule the financing lunch for 12:30, which has been done • Messages for Mr. Volcker - 2 - January 25, 1972 12:45 PM - George Willis called and said to tell you he has rather urgently and unexpectedly to go out of town for a day or two and Sam Cross will have to handle things that Mr. Willis had been handling. He did not say what the problem was but sounded rather disturbed; I did not ask because I thought if it were something he wanted known he would volunteer it. 3:00 PM - Dr. Kacser called; said she is seeing Mr. Rumsfeld this evening and you were going to inquire about the Pay Board, the Wage Board, and the Cost of Living Council for her. She said if you haven't had a chance to inquire, not to go to too much trouble. She also asked about your schedule next week and the week after. 110 - 3421 3:05 PM - Sir Denis Rickett called again to remind you that he would like to talk with youv 4:30 PM - Mr. Bennett's secretary has informed us that the "states and municipalities" meeting original scheduled for 10:00 acm, on Thursday, Jan. 27 - and then tentatively Faeduled for 4:00 p.m. on Wednesday, Jan 26, has now been cancelled. 5:45 PM - Mr. Samuels called and would like you to call him. 101 - 20410 5:55 PM - Mr. Cates called and said he and Jerry Newman now have the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Canadian material ready and would like to bring it down and discuss with you when you are ready. • Messages for Mr. Volcker NOTE: - 1 - Monday, January 24, 1972 The OPIC Board washnformed that you would be late to the Board meeting this morning because of an early morning appointment on the Hill. (Ed Gordon had informed us earlier that he would be unable to attendkhe 1st hour of the meeting for you.) 9:25 AM - Calendar Notes from Mrs. Volcker: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1) In addition to the dinner invitation from Hans Widenmann for Monday, February 28th (with Oliver Dawson of Buckmaster & Moore of London and the Daanes), Mr. Widenmann on Saturday (to Mrs. Volcker at home) extended another dinner invitation/to Mr. and Mrs. Volcker on behalf of Mr. Butterworth (to which Gov. and Mrs. Daane have also been invited) -- for either Monday or Tuesday, February 7 or 8. Mrs. Volcker indicated a preference for Monday, the 7th. Mr. Widenmann has been informed NOTE: CAL. NOTED. -- According to Mr. Widenmann's secretary, both dinners will be either 7:30 pm or 8:00 pm and at the Madison. 2) Mr. Widenmann will confirm. Mrs. Volcker has accepted a hoursewarming invitation from Mr. and Mrs. Haberler -- from 5:00 p.m to 7:00 p.m. on Saturday, February 5, at 4108 - 48th St.,N.W. 3) (ON CAL.) Mrs. Volcker received an invitation at home from the Spanish Ambassador and Mrs. Arguelles (to Mr. and Mrs. Volcker) for a farewell reception at their residence, 2801 - 16th St., N.W., on Tuesday, February 8, from 6:30 pm to 8:30 p.m. REGRETS ONLY - (265-4671) (ON CAL.) Messages for Mr. Volcker - 2 - Monday, January 24, 1972 Thursday 9:45 AM - Dr. Walker's secretary has confirmed/Tmalid Eqt, February 3,as the date the Secretary will host the luncheon for John Sheehan, the new Federal Reserve Board Governor , in the Secretary's Dining Room. Is it all right to accept? YES NO (Blanche - 2801) NOTE: Dr. Wallich has scheduled a Consultants' Meeting on Unemployment for Thursday, February3- with a break for lunch at 12:00 Noon. ON CAL. 10:20 AM - Under Secretary of Labor, Lawrence Silberman, called0 asked that his call be returned. (His secretary was told that you might not return to the office until after lunch, and she said the Under Secretary would be in all afternoo n. (110-2005) 10:30 AM - Mr. Bradfield would like to talk with you about gold legislation sometime today. 10:45 AM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (8101) Mr. McGinnis called to check your calendar for this afternoon -- with a view toward the possibility of your atte nding a principals only Senior Review Group (NSC) meet ing on Vietnam - in the situation room, White House, at 4:00 p.m. You have the 4:30 p.m0 meeting with Mr. Rodney Will oughby of Standard Oil (which Mr. Bennett is on standby for should prevbw of you be unable to see him); and a/Financing slide show in the projection mom at 5:00 p.m. Mr. McGinnis will call again if he feels you need attend. "At" • Messages for Mr. Volcker - 3 - 11:50 AM - Jim Smith stopped by. Monday,January 24, 1972 He said he needed to talk with you about the devaluation bill and the timing on it -- and also the Presidential request for a spending ceiling. He says xtoeuttht xAxxxxxxx*mx±mmotxDbtxkboubtabc&himabtxxxxxxAxx*mmxxxmxAXbtmbotbhatx mxxourichx)ttvGxticilAxx,mx)0().00.2084( he needs to talk to you about what to attach the spending ceiling on to, I under- stand from Mr. Bennett that, according to Mr, Smith, *wax the House Approp. Cmte. has asked that you make a statement at their hearings on the budget this coming Thursday morning on the Intl, situation, Perhaps someone should be preparing a draft statement, (2038) 12:35 PM - Mr. Bennett stopped by and said he did not get to testify this morning -- they only finished with Stans -- and Messrs. Bennett and the others have to be back at 1:15, 12:37 PM - Mr, Wieczorowski called and needs to talk to you on the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis phone ASAP on the Bank borrowing program, 181 - 2776 Monday, January 24, 1972 Messages for Mr. Volcker - 4 - 2:45 PM- Mr. Pannill stopped by. He would like to talk with you when you are free. (2473) 2:50 PM - Mr. Adams would like to see you for a minute. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Messages for Mr. Volcker - 1 Friday, January 21, 1972 - 4:00 PM - Dr. Wallich has scheduled a Consultants' Meeting on Unemployment from 10:00 a.m. to 4:30 p.m. on Thursday, February 3 -- in Room 2ix 4121 9 with a break at 12:00 Noon for lunch. NOTE: ON CAL. The Secretary is hosting a luncheon for John Sheehan (Fed.Res.Bd. Gov.) at 1:00 p.m. on February, to which you have been invited. 4:05 PM - The briefing of the Senators and Congressmen for the Ditchley Conference on Monday, January 24, at 8:30 a.m. will be held in Room H-139 (Joe Martin Dining Room) - on the 1st floor of the Capitol. (Mr. Volcker, or Mr. Bennett if he goes, will be first speaker.) CAL, NOTED. 4:10 PM - Al Wojlinower called and said he hasn't bothered you in a http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis long time and he wonders if you would have any time for him when he is in Washington on Monday, Jan. 31, Tues., Feb. 1, or Wed,, Feb. 2. If you were free for dinner on Monday or Tues. evening and that were m more convenient, that would be fine -- or any time. He said he understands you may k not know for sure until nearer the time and that is all right. You presently are clear for dinner on Monday, Jan. 31, and Tues,, Feb. 1 (unless Mrs. Volcker picks one of these days for the dinner for the Pettys. I told Mr. Wojlinower we'd be in touch just as soon as we could, (NYC - 344-1515) Messages for Mr Volcker January 21, 1972 - 2 - 4:50 PM - Jesse Adams said he and his staff have put their heads together and they think the two Cabinet officers who would be good prospects for Chrm. of the Interdepartmental Payroll Savings Campaign are Secy. Butz of Agriculture and Secy. Volpe of DOT. They have heard Secy. Butz speak on Savings Bonds and he made a very sincere pitch, and Agriculture has always done a good job. He will be glad to discuss if you wish, or he can prepare the papers for processing. 5:00 PM - Ginette in Sam Cross's office says the Senators and Congressmen http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis are reserving an hour and a half from 8:30 AM on Monday for the briefing for Ditchley. Mr. Fox is bringing a Mr. Strauss with him from Commerce and Mr. Reifman is coming from State instead of Asst, Secy. Hillenbrand. - 1 - Messages for Mr. Volcker 9:30 AM Thursday, January 20, 1972 Mr. Dale called to let you know he was leaving for New York shortly and will be back this evening. He said he has postponed in the Fund the discussion of the question of repurchases -- and will talk with you about this tomorrow. 9:35 AM - At Mr. Bennett's request, we have put a "hold" on your calendar on Wednesday, January 26, from 4:00 p.m. to 5:00 p.m for the meeting with Dr, Walker, you, Mr. Bennett and Cohen and of/the municipalities and states (Conference of Mayors, League of Cities, Association of Counties and Council of on Governors) --/subsidization in lieu of tax exemption because neither Mr. Bennett nor Mr. Cohen will be free to attend this meeting which had been scheduled for Thursday morning (Jan. 27). Mr. Bennett is waiting to hear from the municipalities and states people whether this switch is all right with them. Your calendar is clear. 9:45 AM - The Secretary's Operator has informed us that there will be a full staff meeting tomorrow (Friday, Jan. 21). NOTE: http://fraser.stlouisfed.org/ a. Federal Reserve Bank of St. Louis ON CAL. Hayes called from the New,York Fed this morning and asked whether might trace the draft o'?proposed speech he is to make on Mondaanuary 24, before the Rw York State Bkrs. Association. He had addressed it to the Secretary and sent it over our facsimile machine in the Treasury telegraph office, this past Tuesday, Jan. 18. Instead of its being delivered contd/2 messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 2 - Thurs.,Jan. 20,1972 to the Executive Secretariat for proper channeling, it was carried into the Secretary's office directly, where it was ing located this morn. The draft has now been sent to Mr. Fiedler (who, for your information, noted that he could give it his attention until after not • •his get briefing bud of the Secretary at 4:30 p.m. this afternoon). Mr. Hayes, rning stressed the timing. in his telephone call this mo, He said he was anxious to have inxix it in final form tomoryw evening (Friday). • • Messages for Mr. Volcker ... 3 __ Thursday, Jan. 20, 1972 3:40 PM - Mr.Kearns' secretary called to extend an invitation to you to attend an informal, stag dinner party in honor of His Excellency Delfin Netto, Finance Minister of Brazil, on Thursday, January 27, at 7:30 p.m. -- place to be determined. On your calendar 6:00 p.m. - 9:30 p.m.: Mr. Volcker to attend reception and dinner/discussion chaired by Congressman Reuss and sponsored by the Overseas Development Council (James P. Grant) at 1717 Mass. Ave., N.W. (NOTE: You are attending a luncheon by the Brazilian Amb. for the FineMin. on Fri.,1/28.)) Is it all right to regret Mr. Kearns' invitation? YES NO (Mrs. Stokes - .2-93-43-90 4:05 PM - Lawrence Malkin of Time returned your call. He says he expects to be in his office until late this evening. 4(2-93-4300). 5:30 PM ":"") / ) mr. Bennett stopped by and asked that you be given tle essage that he will need your advice by 9:30 a.m0 tomorrow when the Germans are coming back. He expects to be here until 7:30 p.m0 this evening. 6:15 PM - Ben Weberman, of the American Banker, called and asked if http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you would have any time to see him a this coming Saturday after the Budget briefing; he'd like to get some background on the budget. I told him you already had a commitment after the briefing that would last some time, possibly until Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis late afternoon. - 4 - January 20, 1972 He'd obviously prefer to see you earlier but evidently would be willing to wait until late afternoon if he can see you You promised to have a long session with Joe Slevin after the budget briefing. see Mr. Weberman? (NYC - 563-1900) YES NO CA ifrt TIME n 6. Do you wish to - 1/1 Messages for Mr. Volcker NOTE: - 1 - vi) Wednesday, January 19, 1972 Mr. Flanigan's secretary called again this morning concerning his suggestion that you see his friend, Rodney Willoughby of Standard Oil of California -- with his message that if you unable to fit this appointment into your schedule, perhaps APtPitMr. Bennett can see him. (re international currencies) Is it all right to refer to Mr. Bennett? (456-2514) YES 9:15 AM - Mr. Hennessy called. NO He asked for a half an hour with you to discuss IBRD's new 5-year lending program. He is sending a memo with background information to you with the'highlights for your first reactions - and said that Mr. Finkel would be with him and probably Messrs. Phillip Cline and Ernest Chase of OASIA's Research Dept. I have given him 5:30 p.m, on Thursday , and have told him I would co irm. Is it all to confirm? NO YES , t (2748) 9:55 AM - Irving Levine of NBC News called with a question: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He said that since he was not at the press briefing he wanted to make sure that he will be correct in quoting you that "the Govern ment's budget deficit will raise questions again about the dollar's stability in world markets" He said you are quoted as having said this on the front page of the Washington Post this morning. He said he has spoken to Bill Weber, who said contd/2 Wednesday, January 19,1972 Messages for Mr. Volcker - this was not the case -- and he thought Mr. Weber might be patching up. I asked him whether he had a deadline far his news story -- and he said this was a news story for today and needed to talk with you before he goes on the air.* I told him this probably wouldn't be until close to noon since you were in a meeting. (362-4000 - Ext. 241) XXX Mr. Levine asked that I express his great disappointment at being excluded from this briefing. He had specifically asked to attend and had been assure by Alan Wade that he was on the list. NOTE: I called Bill Weber, who said he had explained to Mr. Levine that Bart Rowen's conclusions in his first paragraph are not based on what you had said yesterday. Mr. Weber also said that if you were so inclined he recommends that you talk with Mr, Levine. 10:30 AM - Mr. Levine called again to say that should he be out of his http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis office when you are free to talk with him the call can be "transferred to his boss, Len Allen, on 362, 4000, Ext. 493. He clarified the timing -- with the comment that he has news hourly/broadcasts and this would go on after his conversation with you. P t • Messages for Mr. Volcker - 3 - Wednesday, Jan. 19, 1972 11:30 AM - Mr, Hirschtritt would like to drop in to see you for a few minutes when you are free. would call him. 17 told his secretary we (2803) 11:50 AM - Hans Widenmann called about his dinner invitation either on Monday Feb. 28 or Tues. Feb. 29 to you and Mrs. Volcker. He said he had talked to Governor Daane, who preferred Monday, February 28th, And Mr. Widenmann hoped this would suit you and Mrs. Volcker, too. Your calendar is clear. Also, Mr. Widenmann asked that you be given the message that he thought your statement in the Times this morning was well put and timely, and he would like to talk with you some more about this to give you some European background, 1:20 PM - Mr. Smith's secretary called to say that the Secretary will http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis see you, Dr. Walker and Mr. Smith at 4:30 p.m. today -- re hearings schedules on the debt ceiling/iimitA, and also who will represent Treasury before the House Appropriations Committee on the "overview" hearingsvcxxwoow on the budget, which are now scheduled for Thurs. and Fri., Jan, 27 - 28. Mr. Smith says the House Approp, Cmte. Chrm0 insists on having representatives of OMB, CEA, and Treasury present at all times during the hearings, so they have to line up Treasury people to take turns during the hearings to insure Treasury representation at all times. On the 28th, Mr. Bennett has Messages for Mr Volcker - 4 - January 19, 1972 scheduled State and municipal representatives to meet with you and others on tax exempts from 10:00 to 12:00 and you're lunching with Wieczorowski at the World Bank at 1:00 that day. On the 29th, your cal is clear excepting you are lunching at 1:00 with the Brazilian Amb. and Delfim Netto. F:YI, I also found out from Mr. Smith's secy. that the Senate Approp. Cmte. is having "overview" hearings on the budget at 9:30 and 2:30 each day on Tues. and Wed., Feb. 1 and 2; so far, Shultz is scheduled to testify at 9:30 on the 1st and Dr. Walker at 9:30 on the 2nd. 3:20 PM - Wm. Hoyt of Commerce called you after tryingt to reach Mr. Bennett, who was out at an EPC meeting. Mr. Hoyt's secy, said he would like to speak to either you or Mr. Bennett, axklio whoever returns first. 183 - 7327 3:45 PM - Mr. Palamenghi-Crispi's secy called and said they understood from some stories in the papers that you had made some statement or speech yesterday and they would like to get a copy, I said you had not made a statement or speech but had talked informally to a couple of newsmen. 4:00 PM - Thm Mr. Fiedler is bring the Secretary again on FY 1932 Revenue http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Estimates at 4:30 p.m. tomorrow (Thursday, Jan. 20) in the Secy s Conference Room and you are invited to attend. ON CAL. Messages for Mr. Volcker 4:45 PM - http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 5 - Wednesday, Jan. 19, 1972 Mr. Finkel and Mr. Lange (h is Deputy) have prepared a reply to you to General Haig's letter /(Dr. Kissinger's Assistant) concerning "Chinese Participation in the International Fina ncial Institutions" -- to wh ich a reply had been requ ested by close of business today. They ha ve the reply ready for your signa and cleared ture/and have asked whethe r they might come in and see you. I suggested to Mr. Lange that he bring the letter to Dr .Haig down so that you might have it on your desk on your re turn from the Secretary's office with the possibility that you might have a minute to go over it prior to the Fina ncing Group meeting. Mr. Finkel and Mr. Lange will be standing by in stheir office should you have any questions. (206 7). Messages for Mr, Volcker - 1 - January 18, 1972 10:05 AM - Mr. Wallich is in town today and tomorrow and woul d like to see you sometime. Would it be safe to suggest 5:30 today? YES NO 10:14 AM - Dr. Walker returned your call. 10:35 AM - Jim Smith would like to speak to you about a time for going http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis up to see John Byrnes about raising the debt limit. 2038 1441,Q y Messages for Mr. Volcker 3:20 PM - Tuesday, January 18, 1972 The Executive Secretariat has advised us that in lieu of the regular staff meeting at 8:45 a.m. tomorrow morning, (Wednesday, January 19), there will be a briefing by Mr. Fiedler on FY 1973 revenue estimates. CAL. NOTED (Note: Participants have been restricted to those having an 4:00 PM - Mr. Hirschtritt called. He would 1 1 Yo WeelYntfr a few minutes after the Volcker Group. I told him we would call when the meeting breaks up if you were free to see him then. Is it all right to have him come in? Yag NO OTHER (He said he hopes to leave Trea ury by 5:30 p.m. tonight.) .\\ (2803) 5:25 PM - Mr. Flanigan's secretary called at his request to ask that, if your schedule permitted, we set up an appointment with you for a friend of his, Rodney Willoughby, Treasurer of the Standard Oil Company of California, who will be in town A on Monday, January 24, and who would like to discuss inter.national currencies with you. The OPIC Board is scheduled to meet at 9:30 a.m. on Monday, January 24, mutxxxxxii*xxkx tmxxxxxxkicxxximuck through lunch, /0 Y1 ' o http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Is it all right to give Mr. Willoughby an appointment after 2:00 p.m? (Your calendar for the afternoon is cleat- 0) OTHER (Joyce - Mr. Flanigan's office) YES X NO Messages for Mr January 18, 1972 - 3 - Volcker 3:50 PM - Hans Widenmann called to say that he is bringing Oliver http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Dawson, Economist of Buckmaster and Moore of London, intl. brokers, to Washington Feb. 28 and 29 and would like tS have you and Mrs Volcker for dinner on either of those evenings, whichever is convenient, together with the Daanes, at the Madison Hotel. Your calendar is clear both on the evening of Monday, Feb. 28, and Tues., Felp wish to accept for: 29. Do you (NYC - 530-4 14) t Monday, Feb. 28 etP4' Tues,, Feb. 29 Fiedler, with whom I was checking to as if there were anything he needed further from you tonight, said he is redoin• g the draft of the Secy's statement for his press conference on Saturday and he will give you a copy of the new draft g, so you in the mornin• on the draft you have. •4 him comments needlit give Messages for Mr. Volcker - 4 - Tuesday, January 18, 1972 6:50 PM - Mr. Gannon stopped by with a question( http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis He asked whether there was any possibility that you could give a luncheon speech to a group of 600-700 business executives in Pittsburgh on Saturday, March 18th. This is the Harvard Business School Alumni Group -- the whole business structure of Pittsburgh, many of corporations involved in the U.S. Industrial Payroll Savings Committee. He mentioned Mr. Harper of Alcoa as trying to line up a speaker and indicated that it was a day-long program devoted to international finance and international trade. There will be several professors from the Harvard Business School and others on the program -- and you would be the luncheon speaker. He mentioned the fact that should timing and commercial transportation present a problem, corporations such as Alcoa and others have planes going back and forth to Pittsburgh every day and transportation would be arranged for you. -r-,Mr. Gannon said that Mxxxitaxpitx Peter Peterson had been asked to speak, but had to refuse because of another commitment. The Vice President of the International Dept. of Mellon National Bank in Pittsburgh, W. S. Pampel, then called Mr. Gannon. Mr. Gannon said most of the banks like continued/5 Messages forMr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 5 - Tuesday,January 18, 1972 - Mellon are moving into the international area and the corporations seem to be getting more involved in foreign doing trade. Mr. Gannon would like to talk to you about/this -- an hopes he might have an answer from you by the end of the week. (He mentioned the fact that he would be gone most of Thursday.) -- Your calendar for Saturday, March 18, is clear. (You have been invited to attend the 1st International Convention on Stock Exchanges in Milan, Italy -- on Tues.-Thurs., March 14-16) -- Do you wish to ACCEPT? REGRET? Discuss further with Mr. Gannon? (Mr. Gannon - 2446) Messages for Mr, Volcker NOTE: - 1 - Monday, January 17, 1972 I told Katherine Malardi that MmulaN lunch with Dr. Burns today was agreeable with you (when she called on Frihy evening to say that you had discussed having lunch with the Chairman). She indicated that lunch at the Board was fine -- unless you preferred having it at Treasury. I pointed out the fact to her that you would not have private use of the Secretary's Dining Room with the Secretary here - and she said lunch at the Board could be fine. ON CAL. NOTE: Mr. Bradfield called Friday evening to ask whether a meeting on http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis gold legislation might be set up with you sometime on Exida; Monday afternoon (he thought it might last an hour). I have tentatively given him 5:30 p.m. - subject to confirmation by you. He said the participants would be ma addition to himself Messrs. Nelson and Hennessy. He asked which of the following, if any, you might wish to include also: Mr. Willis Mr. Hirschtritt Mr. Finkel Mr. Knorr Mr. Smith Sam Cross (Mr. Bradfield - 8101) Messages for Mr. Volcker - 2 9:00 AM - Frazar Wilde called. Monday, January 17, 1972 He will call again about noon since he expected to be a meeting most of the morning. 10:30 AM - Mr. Bennett asked for a time when the Treasury financing group might see you on Wednesday afternoon about what to put in the slides. I gave him 4:30. 10:50 AM - Connie in Dr. Burns' office called to ask what you would like to eat when you lunch tete a tete with Dr. Burns in his office today; the menu is: roast leg of veal with dressing, beef pot pie, jellied fruit mold with pineapple and cottage cheese, corned beef sandwich on pumpernickle. 11:30 AM State Dept. has advised us that Abraham Katz will attend your meeting with Ambassador Greenwald at 4:30 p.m. this afternoon. CAL. NOTED. 11:40 AM - Mr. Schoellkopf called to say that he was coming alone -also that he has made a reservation for three. 11:40 PM - Mr. Slevin called and said when he talked to you Friday http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you suggested he call you again today; he thinks it might be better to sit down together for 15 minutes, rather than talk on the phone, and asked about a time late this afternoon. I told him you had meetings at 3:00, 4:30 and 5:30 and the latter might be a long one but said I'd ask what you suggest. 638-2844 • Messages for Mr. Volcker 3 - January 17, 1972 1:05 PM - Sam Cross said Ossola wants to know whether you are going to attend the forthcoming WP-3 - EPC meetings (Mr. Cross says the dates are still Jan 31 - Feb. 2, so far as he knows) 5 because Mr,. Ossola does not intend to attend if you are not going to be there and he wants to know how to plan. Mr. Cross wonders if he can tell Korp that you are not gotng to'these A meetings. YES NO 2:10 PM - Mr. Weber says they would like to schedule your press conference for 10:30 AM tomorrow and to put out an announcement about it this afternoon -- if that is all right with you. YES NO 2:50 PM - Mr. Ross called (FNMA). He asked that call be returned. (He expects to go into a meeting at 3:00 1.m. but asked his secy. to call him out ofhis/ the meeting.) (293-6066) secretary 2:55 PM - Dr. WalkeNhas asked us to put a hold on 1:00 p.m. on s http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Thursday, February 3 for a luncheon by the Secretary for the new Governor of the Federal Reserve Board John Sheehan. This is tentative. Should you go to Paris, you will be en route back to Washington on the 3rd. CAL. NOTED. Messages for Mr. Volcker - 4 - January 17, 1972 3:25 PM - Mr. Bennett would like to see you when there is a chance about how to handle the railroad testimony next week. 3:45 PM - Derek Mitchell's secretary called to ext end an invitation to http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis you flu; and Mrs c Volcker from Mr. and Mr. Mitchell to a small, informal sit-down buffet dinner at 8:00 p.m. on Wednesday, January 26, for two visitors of the Confedera tion of British Industrie(Sir John Partridge, President, and Mr.CampbellAdamson, Director-General) On your calendar: OM M. at their home, 76 Kalorama Circle. At 6:30 p.m., Mr. and Mrs. Volcker to attend cocktails/buffet by Fin.Min. of the Austrlian Embassy and Mrs. Edmund M. Visbord - to meet R.J. Whitelaw, Fir st Asst. Secy. in Charge of Overseas Economic RPlations Div. of the Australian Treasury, at the Interational Club. Do you wish to ACCEPT Mitchells invitation for (Maurine - 181-3186) REGRET the heir sit-down buffet dinner at 8:00 pm? Friday, January 14, 1972 1 - Messages for Mr. Volcker 10:40 AM - Mr. Weiczerowski called. He asked that hiscall be returned. (181-2777) 10:55 AM - Mr. Gannon called to remind you tkalocy of the organizational study that had been talked about at yesterday's staff meeting and which the Secretary had wanted on the Council on International Economic Policy. He said he and Ed Cohen would like to loo': at it. 11:30 AM - Mr. Landeau, on the Spanish Desk at State, called and said Spanish Amb. Arguelles will be leaving his post here in Feb. and State is giving a farewell luncheon for him, Hosted by Under Secy. Johnson, and, since the Amb. probably has had more contact with you than anyone else at Treasury, State thought it would be nice if you could attend the lunch, scheduled for Feb. 9. I explained that you had to speak at an important Savings Bonds luncheon in NYC that day but I knew you'd be sorry to miss the lunch for Amb. Arguelles. 4:35 PM - Kenneth Dam called. He would like to talk with you about a memo going to the President this afternoon on Export Expansion. Said it was urgent -- and asked that you return his call. (103-3864) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Adams said Mr. Ross of FNMA called him and said you'd seen Mr. Hunter at some function last night and Mr„ Hunter had explained the stock split matter to you Mr. Adams said Mr. Ross wondered if you'd signed the resolution yet. Messages for Mr. Volcker REMINDER: January 13, 1972 - 1 - touch with him You promised Mr. Slevin you would be in on the events "when you got back" about getting together leading up to August 15. Embassy called to invite you 10:45 AM - Miss Wahl at the Brazilian Brazilian Finance to a luncheon the Ambassador is giving for Friday, Minister Antonio Delfim Netto at 1:00 PM on , N. W. January 28, at the residence, 3000 Mass. Ave. attending the She said Secy. Connally and Mr. Petty are have you attend. luncheon and they would very much like to to sign an Eximbank Mr. Syvrud says Delfim Netto was coming and Eximbank is loan agreement for an atomic power plant $300 million for now trying to get through another loan of Netto to sign that steel plant expansion in time for Delfim as well, while he is here. The Brazilian Minister of will accompany Mining and Engineering, Antonio Dias Leite, Delfim Netto. Your cal. is clear. ACCEPT (797-0337) / REGRET that he has been assured by 12:30 PM - Mr. Fiedler wanted you to know http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis on the Budget Mr. Weinberger's office that your comments , and are being Message were received, have been approved included. Thursday, January 13, 1972 - 2 - Messages for Mr. Volcker 2:40 PM - Dixon Donnelley stopped by to say hello. As of this morning, with the Washington office of he is permanently associated G. A. Saxton and Co., at 1730 M Street, N.W., Suite aithc 908. (Tel. No. 293-2290) 3:50 PM -/** Finkel called. He has a White House inquiry he would like to discuss with you and asked that his call be returned. (2067) 4:20 PM - Charles Higginson of the OECD Desk at State called. OECD Ambassador Joseph Greenwald will be in Washington the week of January 17th and has asked Mr. Higginson to set up an appointment with you for a courtesy call and also to discuss the work of WP-3. January 17. I have given him 4:30 p.m. on Monday afternoon, Is it all right to confirm? YES 7„ NO If yes, would you like Sam Cross to sit in? YES NO (Mr. Higginson - 101-20326) NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Secy's Operator said there will be a Secy's Staff mtg. tomorrow morning. Messages for Mr. Volcker - 3 January 13, 1972 5:00 PM - Mr. Ross at FNMA called you and said he wanted to talk to you about the letter you sent over. office until about 6:30. He will be in his 293-6072 January 17, 5:15 PM - Mr.AMitchell has asked to see you sometime on Monday/- just for a general talk, nothing specific. given him 10:30 a.m. iixii Is it all I have tentatively 7 ght to confirm? YES zROxi041xxxRemixdRxxixemxBiiixWElivitx NO (181-3186) * 5:20 PM - Reminder from Bill Weber. talking with Amb. Eberle. You were going to call him after (2615) 5.25 PM - Don Conlan of Dean Whitter, NEW York, called. He wondered whether whiax/you would be available for a brief period on Tuesday at 3:30 p.m. afternoon/-- to discuss some matters on the irternational you currency markets. I told him/had a group meeting at 3:30 p.m. which could run late; also the possibility of a luncheon meeting at 1:00 p.m. (We have a hold on 1:00 p.m. for a possible Blair House luncheon.) He is going to be in Washington on Tuesday afternoon only and has an appointment with Mr.Fiedler at 2:00 p.m. He said he would call about then to see if you had a free moment. Do you want to see him should you be free when he calls? YES NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NO with you * Mr. Weber has left for the evening; he will talk tomorrow. Messages for Mr. Volcker 6:00 PM Ed Cohen called. - 4 - Thursday, January 13, 1972 He asked that his call be returned. (5363) a word with you on 6:05Wolf Schoellkopf called and would like -- he will be the phone this evening if there is a chance at his office for a while question. but said it was not a burning NYC - 552-4372. irs with 6:10 PM - Mr. Willis would like to borrow your Foreign Affa http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis the Bergsten article overnight if he mayc Messages for Mr. Volcker 1 - Wednesday, January 12,1972 called 9:35 AM - Dottie Finley of Frank Clifford's office at FNMA concerning the letter to be signed and returned by you their on the change in/by-laws relative to their stock split -which must be in their hands by Monday,January 17th. If such letter is not received from all directors by then, they will have to cancel the stock split. (Dottie Finley - 293-6074) 9:45 AM - Mr. Bennett has asked us to put a hold on the following http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis dates for meetings with respect to states and municipalities: 19 (1) 10:00 a.m., January AK: In Dr. Walker's office to 11:30 a.m. attended by you, Mr. Bennett, Mr. Smith and Mr. Cohen. (Treasury officials only) (2) 10:00 a.m., January 27: Conference Room (to be deterto 12:00 Noon mined) - with the municipalities and states (Conference of Mayors, League of Cities, Association of Cpunties and Council of Governors). Your calendar is free on bath days and a hold has been put on the time. Mr. Bennett will confirm when arrange- ments have been completed and provide you with the details. Tuesday, January 11, 1972 Messages for Mr. Volcker 9:00 AM - Mr. Pelikan is leaving for Brussels this evening and wondered whether you might see him for about 5 minutes sometime between 2:00 p.m. and 2:30 p.m. until 1:00 p.m.) 10:15 AM - mr. (He will not be coming into Treasury I have given him 2:15 p.m. ON CAL. Hirschtritt stopped by to ask whether you would have about 15 minutes sometime today to see him and Messrs. Dixon and O'Bannon on ESF Accounting. I suggested 12:15 p.m. should your 11:00 a.m. meeting with the Financing Group not go beyond that time; or, alternatively, 4:30 p.m. on Thursday, January 13. Mr. Hirschtritt said Thursday would be fine if you can't see them today -- but indicated that this meeting should be fairly soon. I&—tt all right to confirm 12:15 p.m0 if the time is free? YES =MP OW NO 4:30 p.m. on Thursday, January 13? YES NO r)tfr "11/r. (Mr. Hirschtritt - 2803) 10:35 AM - Mr. Weber called to suggest that you leave Treasury for National http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis about 5:15 p.m. for your 6:00 p,m. flight -- ir*iew of the rush hour traffic and Rim further slow-up complicated by bad weather. He is on the same flight and will ride to National with you. • R4i Messages for Mr. Volcker - 2 - January 11, 1972 11:15 AM - Bob McDermott, in Peter Flanigan's office, called and said Mr, Flanigan had asked him to find out whether Secy,. Connally had any luck with the Japanese at San Clemente about the F-5-B, which Peter Suchman tells me is an American manufactured fighter plane we have been trying to sell to the Japanese and they are thinking of manufacturing their own. Mr. Suchman says this was discussed briefly and in low key at Honolulu and the Japanese said they would look at it again. It is not even on the list of things we are asking from the Japanese. Mr. McDermott had first called the Secy's office and Rose referred him to you. Mr. McDermott also said the Business Council has asked to be briefed on a number of matters at their next meeting in Washington on Feb. 16 and 17. The Business Council would very much like to have you talk to them for half an hour, from 12:00 to 12:30 on Thursday, Febo 17, on the consequences for American business of the dollar devaluation. is clear. Your cal. (145 - 2361) ACCEPT REGRET 12:20 PM - Mr. Fiedler's office says he is briefing the Secy. on T-1 in http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Secy's office at 3:00 PM today and is inviting Dr. Walker and you to be present. Nancy Sellar is coming at 2:30 to interview you, expected to take an hour. Volcker Group at 4:00. - 3 - Messages for Mr. Volcker Tuesday, January 11, 1972 Weizerowski, called. 2:00 PM - Mr. Weed, Assistant to Mr. He said he had with you for Mr. Weizerowski been asked to arrange an appointment Vice President) to discuss the and lLt Knapp (World Bank Senior Chilian Debt. ient and He thought a half hour would be suffic this week was over -specifically asked for some time before uary 17, in any event. ,and prior to 3:00 p.m. on Monday, Jan , January 14, subject to I have given them 3:00 p.m. on Friday your confirmation, Is it all right to confirm? YES 2:15 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis NO h you. Gov. Daane is very anxious to talk wit He ax said he was hoped to talk with you going into a big meeting at 2:30 p.m. and before then should you return by then. Messages for Mr. Volcker NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 4 - January 11, 1972 I checked with Ernest Chase on what Messrs. Wieczorowski and Knapp might be coming to see you about. Mr. Chase checked and said there had been an NAC Alternates meeting last week at which ak a number of agency representatives recommended that the World Bank participate in the Chilean debt rescheduling. Mr. Knapp feels very strongly that the World Bank should not participate and wanted to talk to some principals prior to the next NAC meeting which had been scheduled for 3:30 next Monday but which, since Mr. Weed called, has been rescheduled for this coming Thursday. Since you are going to be away, Mr. Weed has arranged for Mr. Weiczorowski and Mr. Knapp to see Dr. Walker prior to the Thursday NAC meeting. briefing memo. Mr. Chase will send Dr. Walker a Messages for Mr. Volcker 1 - Monday, January 10, 1972 9:50 AM - Mr. Hoyt, Director, OFDI, Commerce, called. He asked that His xecretary said he had talked with heard of any Mr. Bennett on Friday and had asked him when he had/k his call be returned. reaction from the Secretary on the 1972 OFDI program - and Mr. Bennett had suggested that he ask you about this. (183-7327) 2:55 PM - Mr. Peterson's secretary called to say that the CIEP Review Group meeting on Legislative Packages scheduled for 10:00 am on Friday, January 14, has now been cancelled. This will be included in the Review Group meeting on Wednesday, January 12, on Adjustment Assistance. (You will be in Jackson, Miss. on Wednesday, January 12 ) Mr. Petty advised. T5:15 PM - Sh±r1eJ Berger in Patrick O'Donnell's office called to ask http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • if there was any chance you might possibly attend the Blair House dinner this Wednesday, the 12th. I had not listed this as one you could do; your plane does get in from Jackson at 4:48 PM on Wednesday but I thought, in case it were late, or something happened, it might be safer not to list the 12th. She said they are very anxious to have you -- they have Messrs, Shultz and Flanigan and particularly wanted to have you; she could not tell me who the out-of-,town invitees are. OK to say you'll attend? 6 LC-tr)k ? " , 4 I YES NO /#- - 2 - Messages for Mr, Volcker Monday, January 10, 1972 4:30 PM - The Administrative Office has asked us to put a hold on your calendar for Friday, February 11 -- for a farewell recection at the FDIC -- from 6:00 p.m. to 8:00 p.m. or 9:00 p.m. - for Mr. Betts. This is to be confirmed when arrangements have been completedQ CAL. NOTED. 4:45 PM - Mr. Hoyt called again. He expects to be in his office until 6:30 p.m.; and asked that his call be returned in the morning should you be unable to do so on your return. (183-7327) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 0 Messages for Mr. Volcker 1 Wed-Fri, January 5-7, 1971 Wednesday, January 5 Thursday, January 6 4:15 PM - Dottie Mercer of Frank Clifford's office at FNMA called to extend an invitation to you to a Black Tie dinner FNMA is giving for General Lucius Clay who is retiring. She thought the time would be 6:30 p.m. or 7:00 p.m. (but will call again when she can confirm the time), and the dinner will be held on January 25, the day the FNMA Board meets, with the dinner being given at the Metropolitan Club. The Financing Committees are meeting on Tuesday and Wednesday, January 25 and 26; and Tuesday, January 25th is the evening for the IBA reception and dinner for the Treasury Financing group. Did you wish to regret the FNMA invitation? YES NO NOTE: Mrs. Mercer said that there was the possibility of a change in date if too many were unable to attend on the 25th. I told her you were away and we would have your answer on Monday morning. MOTgxxxMxxxMak (Dottie Mercer - 293-6074) NOTE: Mr0 Haberler could not make lunch next Tuesday but Friday was all right, so he will come to your office on Friday, the 14th, at 1:00 PM to go out to lunch together, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Wed-Fri, January 5-7,1972 2 - Messages for Mr. Volcker Friday, January 7 very 9:20 AM - James Robinson's secretary called to say that he was luncheon anxious to talk with you before your/meeting in New York on Monday, January 10c He can be reached at home tomorrow, Saturday, January 8, on A.Cc 212-472-1581 or 1624 - and expects to be there all day. 11:05 AM - Frank Clifford's secretary called with the message that the time of the FNMA Board meeting on Tuesday, January 25, has been changed from 9:30 AM to 2:00 PM, and will end at 4:30 pm. CAL. NOTED. The time for the Black Tie dinner for General Clay at the with cocktails from 6:30 to 7:30 & dinner at 7:30c Metropolitan Club has been set for 6:30 PM 9 that evening/. (You are scheduled to attend the IBA dinner for the Treasury 7:30 Financing Group atx.I.Q450( p.m0 that evening. with IBA cocktails from 6:30 to 7:30.) If you wished, you could go to the FNMA cocktails to pay your respects to Gen. Clay it,pr and then attend IBA dinner. YES NO NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Mr. Weber says members of the press will be present at the Jackson Econ. Symposium when you speak. He has scheduled a press conference for you at 8:30 AM at the Hotel Heidelberg, where the Symposium will be held. The Symposium starts at 9:00 AM and you are on as Keynote Speaker from 9:10 to 10:00 AM Messages for Mr. Volcker http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - 3 - on "The Economic Outlook." January 5 - 7, 1972 Mr. Weber understands they expect you to answer questions after you talk. The rest of the program is: 10:00 AM - The Outlook for Industrial Development by Alan Boyd, Pres., Ill. Central RR 10:25 AM - The Outlook for Wages and Prices by Marvin Kosters 10:50 AM - Coffee break 11:10 AM - The Outlook for Agri-Business by B. F. Smith, Exec, V.P., Delta Council 11:35 AM - The Outlook for the Money Market by Russ Johnson, Chrm., Deposit Guaranty Natic Bank 12:00 M - Refreshments 12:30 PM - Lunch -- The Outlook for Government by Gov.-elect Waller 2:00 PM - Adjournment (I thought you might like to have above in case you start drafting your speech over the weekend.) On travel arrangements, Mr. Kosters is going down on the same flight as you but is returning on a 2:00 PM flight, which involves two stops and a change of planes in Atlanta and would put you into Natl. at 7:26 I did not suggest this because it takes a longer transit time than the 12:35 flight you are on, which puts you at Natl at 4:48 PM, and because I thought it would be awkward to attend the luncheon and duck out on Gov.-elect Waller's speech. i January 5 - 7, 1972 - 4 - Messages for Mr. Volcker Mr. Weber just called and said he'd just talked again to Jackson and they definitely are counting on your having a Q & A period, so he told them to expect that you'd speak for 20 to 25 minutes. They are planning to tape record the proceedings and have it transcribed for distribution, so they will have a record, in case you decide not to have a prepared text. If you do have a prepared text, they'd like 20 copies for the press. Mr. Weber also said, at the 8:30 AM press conference they have scheduled, they have toyed with the possibility of having you, Mr. Kosters, and Alan Boyd, former Chrm. of the CAB and now Pres. of Ill. Central, have a joint press conference. Mr. Weber asked them to hold up on this until he could check it with you. Would you have any objection to a joint press conference? 3 YES N0/ 11:45 AM - Marty Miller called and is going to be here camping on your doorstep bright and early Monday morning. 11:40 AM - Mr. Wieczorowski called you and just left word to tell you http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis he had called; he did not wish to leave any other message. I had told his secy, you were away and would be going to NY on Monday, so I guess it is not urgent. - 5 - Messages for Mr. Volcker January 5 - 7, 1972 personnel papers you have for the re led cal k fra Onu 12:30 PM - Carolyn McGinnis. She thought you and ich Jur . srs Mes on al approv including had approved the actions, y. Sec the at ;th w kno should She did not send along the is. inn McG Mr. of n io at the elev tials because it covered ini y's Sec the th wi s thi paper re note d she also had a covering sai She . ll we as ngs thi other er saying "This is the only pap l nil Pan Mr. m fro er pap on the and the Secy. told Dr. Walker but n, io at ev el is inn McG on the . the appointment and the Secy ed rov app he t tha ago I a month has told Mr, McGinnis. papers." ssary Please put through the nece a little embarrassing -g tin get is it d sai n oly Car e the doesn't know whether to mak she and by g sin pas is e tim wanted ve. She said Mrs. Jurich cti roa ret s nge cha nel son per involving some cost es wiv for rse cou t. Dep te to take some Sta handle the cost. and they don't know how to an (Economic Minister at the Canadi ary ret sec e's Tow r te Pe AM 11:45 you and Mrs. Volcker to n tio ita inv an end ext to Embassy) called http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis a Black Tie dinner at 8:00 pm from Mr. and Mrs. Towe to attend residence, 3550 Tilden St.,NW. on Friday, January 28th, at their st of honor, but offered the gue l cia spe no s wa re the d sai She : guest list as a matter of interest mr,, Mr. and Mrs. Peter Peterson, fice of Intl.Trade at and Mrs. John Renner (Dir. of the Of State), ce, Canadian Mr. and Mrs. Harold Scott of Commer Ambassador and Mrs ank, Cadieux, Dr. and Mrs, Isaiah Fr 0 - 6 - Messages for Mr. Volcker January 5-7, 1972 - (Peter Towe invitation) Mr. and Mrs. Herbert Stein and Governor and Mrs. Daane. Your calendar is cbar. Do you wish to accept? YES NO (Margaret Morin - 785-1400) 3:50 PM - Mr. Merlyn Trued's secy called to ask if you would be free http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis to lunch with him at 1:00 PM next Tuesday, the 11th, at the Sans Souci. i2fixxxi2Ait Cal. clear; Mrs. Sellar is scheduled for 2:30 to interview you on the American Leadership Project; Volcker Group at 4:00; and you leave Natl. at 6:00 for Jackson. (128 - 7235) ACCEPT kat,u'ecce-/cf REGRET Messages for Mr, Volcker - 1 January 4, 1972 10:40 AM - Mr. Haberler called, said he saw you the other day and mentioned that he would like, some day when you are free, to have lunch with you -- and you told him to call your office. The first days you are free for lunch are Tues., Jan. 11 and Friday, Jan. 14, or any day of the following week excepting Wednesday. Shall we arrange for Tues., Jan. 11? (296-5616) 6)-J4 YES NO 12:20 PM - Mr. Widenmann of Loeb Rhoades called and said the Wednesday http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Luncheon Group are having a get together in Boca Raton over the weekend of Friday, Feb. 18, thru Sunday, Feb. 20; he and Murray Shields are inviting all the Wednesday Luncheon Group, which has been enlarged lately, plus a few outsiders like you, Gov. Daane, Professor Triffin, and some chairmen and members of the boards of a number of top flight corporations who"spend their winters down there" to a 3 - 4 day meeting to discuss the problems of the world. He said this was just to give you advance notice and a letter of invitation will be forthcoming later. YES NO Shall we hold the calendar for this? 1 Messages for Mr, Volcker - 2 - January 4, 1971 3:15 PM - Mr. Vienot at the IMF called and would like to speak to you on the phone. He has a Board mtg. at 4:00, so, if you do not return his c 1 the Board mtg. is over. NOTE: •y 4:00, he will call you again when 181 - 3861 It developed that Congressman Ashley is not going to the Ditchley Conference after all, so he does not need to see you nor does Mr. Jasinski need the material Mr. Cross is preparing. 4:00 PM - John Foust at the White House called and said to tell you the http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis back-up plane leaves tomorrow at 12:00 noon -- Tail No. 972 -and you should be at the VP Lounge at Andrews no later than 11:30. Lunch will be served. He still does not know whether there will be a plane returning on Friday afternoon -- it depends on how many people want to return at that time but he thinks there is a good chance. If not and-7=want—to reti.gn commercial, they will provide a car to drive you eitt4r to San DTtego or Los Angeles Airport 63 miles in either case. Mr. Foust, who says he lives there, recommends San Diego because you have to drive all the way thru L. A. to get to L. A. Intl. I will check the plane schedules, jusf-Eft case. I find the Secy's office has lined up a plane to fly the Secy. and you back from Calif. on Friday afternoon in case there is no other official plane flying people back Friday afternoon. The Secy. is coming directly back to D. C. from California. Beverie thinks he will arrive at San Clemente around 3:00 or 3:30 tomorrow afternoon and will be staying at the Newporter. - 3 - Messages for Mr. Volcker January 4, 1972 you sometime this evening 4 - 15 PM - Mr. Bennett would like to see re relaxation of direct investment controls. and he are supposed to get 5:10 PM - Joe Slevin called and said you ing up to the together for some long talks about events lead He wonders if it might not be a August 15 announcements. organized and good idea to get together briefly just to get decide how to proceed. I told him you would be out of town l late Wednesday for the most part from tomorrow morning unti him as soon as of next week but we would be in touch with possible, Jimmy is coming into Natl. 5:20 PM - Misc Volcker called to remind that you thought you on National 102 at 8:06 PM this evening and might be able to meet him. She did mention she hasn't heard as scheduled. anything from him but assumes he is coming in NOTE: http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Wm Magruder returned your call of last week. (Betty took this calling Mr, Magruder call this afternoon & I didn't recall your slip that you'd called so checked his secy, who said she had a call him on the 27th,) 145 - 2172 Messages for Mr. Volcker 1 January 3, 1972 9:05 AM - Mr. Kearns called & would like to speak to you on the phone. 128 - 21131 10:05 AM - Mr. Peterson's office called and said there will be a 3:30 meeting this afternoon in the Oval Rm., to last about 40 minutes, with the President, Messrs. Peterson, Shultz, Kissinger, Flanigan, Eberle, Rogers, Stans, you, and McGregor (handling Congressional Affairs), as a continuation of this morning's meeting. 10:20 AM - John Martin of the Ways & Means called and would like to speak to you on the phone. 180 - 3628. 2:10 PM - Gov, Brimmer called & would like to speak to you on the phone. 147-213 2:20 PM - Mr. Pannill would like to see you when your're free. 2:35 PM - Mr. Cohen called and would like to speak to you on thephone. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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