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http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  /Pg  Collection: Paul A. Volcker Papers Call Number: MC279  Box 21  Preferred Citation: Telephone Messages:July-December 1970; 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/c403 and https://fraser.stlouisfed.org/archival/5297 The digitization ofthis collection was made possible by the Federal Reserve Bank of St. Louis. From the collections of the Seeley G. Mudd Manuscript Library, Princeton, NJ These documents can only be used for educational and research purposes ("fair use") as per United States copyright law. By accessing this file, all users agree that their use falls within fair use as defined by the copyright law of the United States. 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Policy on Digitized Collections Digitized collections are made accessible for research purposes. Princeton University has indicated what it knows about the copyrights and rights of privacy, publicity or trademark in its finding aids. However, due to the nature of archival collections, it is not always possible to identify this information. Princeton University is eager to hear from any rights owners, so that it may provide accurate information. When a rights issue needs to be addressed, upon request Princeton University will remove the material from public view while it reviews the claim. Inquiries about this material can be directed to: Seeley G. 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  hi  - 1 -  Messages for Mr. Volcker  December 31, 1970  10:30 AM - Mr. Reynolds said he had reached Mr. Korp re Mr. Barr's desire to call on Gov. Carli and Korp felt there would be no problem in getting Mr. Barr an appointment, though Carli is away on vacation and expected to be away all of next week.  Carli is also scheduled to be in Holland for  an EC Ministerial mtg. Jan. 11 - 12 but is expected to be back in Rome on the 13th and 14.  Korp will let us know  get an answer from Carli -- probably when he is able to • not until the week of Jan. llth -- and suggested that we suggest to Mr. Barr that he get in touch with Korp at the Embassy as soon as he arrives in Rome.  I conveyed  all of this to Mr. Barr's secy and told her we'd let her know as  IS  as we got any firm word from Mr. Korp so she  could pass it on to Mr. Barr, who is leaving for Europe Jan. 9. 12:05 PM - Mary Harris called and said the 900 AM little staff mtg. would be held next Monday.  On cal.  12:25 PM - Mr. Wade called and asked me to put a hold on 2:00 PM next   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Wednesday for a possible press briefing on the capital restraint program to be held jointly by you, Gov. Bri_muter, and Mr, Katz.  He said he Commerce called and said they  were thinking of 2:00 PM on Wednesday for •a press briefing  Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  at Treasury and Mr  - 2 -  December 31, 1970  Wade agreed to reserve a room for the  purpose on at least a tentative basis; he said he understood that Burns would probably talk to the President early next week and resolve the issue.  I suggested the time be moved  to 2:30 or 3:00, instead of 2:00, if this gets firmed for Wednesday, so as not to interfere with your usual Wednesday lunch at the Fed. On cal.  Mr. Wade said he would try to do this.  Messages for Mr. Volcker  - 1  December 30, 1970  11:00 AM - I just discovered the Secy. is  office -- will  be here until 12:45 when he reaves for some lunch and will go from the lunch for Chicago - back  Jan. 4th (Mon.).  11:45 AM - Mr. Callander called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the ;airport to leave at 2:45  He said they had cleared the figures  on the release of the "B/P  dicators" about an hour ago (Mr. Callander's) with Mr. MacLaury-- sine/his/office wasn't sure you were returning from Detro copy and note se  this morning and to disregard the early to you/this morning for your clearance,  since the figures have now been released.  Messages for Mr. Volcker  Monday, December 30, 1970  - 2 -  He asked whether he might come in to see (week of Jan. 4) you sometime next week/ --preferably the early part of the  4:15 PM - Joe Slevin called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  week --"for a general look at things."  Your calendar is  clear oh Monday (except for 9:00 a.m. meeting in Seciy's office); Tuesday clear (except for 11:30 a.m. appointment with Mr. Kearns); Wednesday clear (except for 9:00 a.m. mtg. in Secy's Office and 1:00 p.m. Fed lunch). Is it all right to tell Mr. Slevin he can come in at a convenient time on Monday Wednesday  NOTE:  Tuesday ?  or  (393-6686)  You will be Acting Secretary tomorrow, Thursday, December 31.  (per Exec.Sec.)  - Cal. Noted.  Messages for Mr. Volcker  - 3 -  Monday, December 30, 1970  you so desire, to 5:30 PM - FYI - and to give you the opportunity, if   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  relay any comments to Mr. Weidenbaum before Saturday -Mr. Auten called to say that Mr. Weidenbaum has asked that the Staff comments (Messrs. Colin, Snyder, Joss and Gannon) on Chapter 1 of the Economic Report be returned to Mr, Auten by 5:00 p.m. tomorrow, Thursday, Dec. 31.  The coordinated  comments will go to CEA by c.o.b. on Saturday, Jan. 2. (Mr. MacLaury has been informed.)  Messages for Mr. Volcker  Monday, Dec. 28, 1970  - 1 -  6:15 PM - Mr. Trued said he called to get your attitude on the handling   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  of the results of the legislative exercise on the International Financial Institutions bill. supported the President's signing it.  He said he hoped you  I told him you would  return to the office on Wednesday morning, and he asked thena his call be returned. -- NOTE:  (9-382-7235) —  Mr. Trued said he had spoken with Mr. Bradfield a few minutes earlier.  - 1 -  Messages for Mr. Volcker  December 29 - 30, 1970  Tuesday, December 29 9:30 AM - Miss Phets in Public Relations at the Natl. Bank of Washington called and said that Mr. True Davis wanted her to inquire if you would like to have any guests invited to the luncheon panel discussion in which you will participate on Jan. 12th with Walter Heller and Dan Brill (see attached). I told her I doubted it but we would let her know if you did. (737-8700 Ext. 725)  YES NO  10:15 AM - Mirella, in the office of Mr. McVickers   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the Northwestern  Airlines Sales Representative, through whom I got your NW Airline reservations for trip to Detroit (because the NW reservation desk was so undermanned and overworked it would have taken hours to get a phone call through to them), called and said Mr. McVickers would like to come in and gton see you sometime between now and the Natl. Bank of Washin luncheon on the 12th (assume he must have been invited and is planning to attend).  May I see you and give you some  background on this -- it's too lengthy to put on message sheet.  (296-7705)  - 2 -  Messages for Mr. Volcker  December 29 - 30, 1970  Tuesday, December 29 (Cont.) 10:30 AM - Chrm. Burns' secy. called to say he was away but Gov. Robertson would host the lunch tomorrow (Wed ) if you would like to come.  I checked with Mr. MacLaury and he  thought it would be a good idea and, since you had nothing else scheduled for lunch, I've set it up for you and Messrs. MacLaury, Cook, and Auten to attend.  Mr. Snyder  is on leave this week and Mr, Carlock regretted.  On cal.  10:10 AM - Mr. Roosa called but left no message when told you were in Detroit to make a speech except to remark that he should have remembered. 4:00 PM - Rose Cicala called and said the Economic Briefing was rescheduled for 4:30 on Wednesday (tomorrow) in Rm. 248, EOB, and she told them you would attend.  I retrieved the  papers on the Laffer Forecasting Model from Mr. Auten's office, where I had returned them°  Do you feel the need  of any further briefing by Mr. Auten & co.? YES  6,a4A,•41,4,  NO NOTE:  John Worssam, of NICB, sent the complimentary tickets and badge for Mr. Schaffner  to attend the Jan. 14 luncheon at which you  are to speak and I sent them along to him. 4:05 PM - Charles Baker of DOT called and cancelled when his secy. told him you were out of town until tomorrow morning.  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  - 3 -  December 29 - 30, 1970  Tuesday, December 29 (Cont.) 5:05 PM - Secy's Operator called and said there will be no staff meeting this week. NOTE:  Mr. Kearns' secy called and said he would not be able to keep his 2:30 appointment with you this Wed. and would like to reschedule for next week; she asked about Tues. so I gave her 11:30 next Tues.  NOTE:  On cal.  Mr. Joss sent around some supplemental background material which he thought might be helpful in preparation for your 4:30 economic briefing tia Wed. afternoon.  The material is  in the folder marked Kmaxkmtm "material for 4:30 meeting" in your "in" box. NOTE:  Another chapter - 4 - of the Economic Report came.  In folder  in your "in" box marked "Economic Report" Wednesday, December 30 9:15 AM - Mr. Frechtling's secy called with reference to the memo   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  he sent around yesterday, saying the ixmdmp full-day staff meeting to discuss Treasury's 1971 programs was being shifted from Jan. 5 to one day during the week of Jan 11, so that Mr. Connally can attend, and asking the addressees to prepare items for discussion.  Mr. Frechtling  now says it will not be necessary for you to prepare a memo of items for discussion.  Messages for Mr. Volcker  1  9:30 AM - Governor Robertson called.  Wednesday, Dec. 23, 1970  He asked that his call be  returned. - (147-217)  NOTE:  Accompanying you to the Fed Lunch will be Messrs. MacLaury, Carlock, Snyder and Cook.  10:10 AM - Mr. Ranta's office called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  They are preparing the report  on the enrolled enactment on the Federal Broker-Dealer Insurance Bill for your signature to the Director, OMB and hope to have this ready by early afternoon. --(They can redo the report for Mr. Weidenbaum's signature should you leave early this afternoon before it is finished.)  - 2 -  Messages for Mr. Volcker  December 23, 1970  10:30 AM - Mr. Frechtling in Exec. Sec. called and said they are asking the various offices to prepare briefing material for Secy.-designate Connally to be presented orally during the week of Jan. 11 - 15, and he thought it would be important for you to be present at the briefings when the offices under your jurisdiction are holding forth.  I asked if some  memo had been sent to the various offices re this and if we might have a copy.  He said none had been sent yet but  this was discussed at the Friday Staff mtg. and he would be sending out a memo and would send you a copy.  He asked  that we supply him your schedule for the week of Jan. 11 - 15 so that he will know what times you have free; he thought each briefing by each office might take in the nciighborhood of two hours.  He later asked me to give him your schedule  for the two week period Jan. 4 thru the 15th. attached.  I have prepared  Is this all right to give him? YES  )(  NO 10:45 AM - Ben Webberman of the American Banker called and would like to speak to you on the phone on a background basis on the 4-1/4 percent ceiling and plans for '71.  NYC - 563-1900  10:50 AM - Ed Bernstein's secy. called and said he wondered if you   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  could have lunch with him tomorrow and, if not, maybe he  Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 3 -  December 23, 1970  could come over and see you sometime for a few minutes. You are free for lunch tomorrow, if you're going to be in  the office.  Incidentally, there was an item on the news  ticker that the President was giving Govt. employees half a day off on Christmas eve, but we haven't had any official notice from Mr. Betts.  December 23, 1970  - 4 -  Messages for Mr. Volcker  2:20 PM - Mr, Schaffner called and would like to speak to you on the phone when you're free.  2386  2:45 PM - Mr. Kearns called and is a very anxious to speak to you on the phone.  128 - 21131  4:15 PM - Bob Solomon called.  He asked that his call be returned.  (147 - 238) 4:20 PM - Message from Secretary's Office Personnel Division: "Dismissal time for government employees, in accordance , Executive . with President Nixon s/order granting 4 hours off to govt. employees on Xmas Eve, is 1:00 p.m. tomorrow (Thursday, 12/24). 4:30 PM - Duane Saunders called.  He asked that his call be returned.  5:05 pm.) (He expects to be in his office until about (A.C. 212-770-2761) 4:50 PM - Mr   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  MacLaury called and said to tell you he has something  on Government insurance that he wants to tell you.  •  Messages for Mr. Volcker  9:35 AM -  - 1  Tuesday, December 22, 1970  Is it all right to tell Mr. Betts' office that you will have lunch in the Secretary's Dining Room today? YES NO (5391)  9:40 AM -  Gov. Robertson called.  He is anxious to talk with you before  10:00 a.m. when he goes into a meeting. 9:45 AM -  Aitim Alan Holmes called. with you bdfore 10:30 a.m.  9:55 AM -  (147-217)  He said it was urgent that he talk  He is at the NYFed.  Albert Clay, Chairman of Federal Reserve Bank of Cleveland, called.  He will be in his office until 11:00 a.m.  Call Back Operator #6 - S.C. 606-498-0212. 10:07 AM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Telephone message from Mr. MacLaury: rate by  k to  6-3/47g."  "Chase just cut prime  1=1  Messages for Mr. Volcker 12:25 PM  December 22, 1970  - 2 -  Eoin Belton, of Reuters, called and wanted to speak to you.  He did not leave word for you to return yB his call  but said he'd call back around 2:30 or 3:00.  Said he wants  a general chat about the outlook for credit demand in '71. with 2:30 FM - Gene Knorr stopped by/the message that the Senate approved - by voice vote - the Conference Report on the IFI Bill. 3:00 PM  - Mr. MacLaury called.  He said he had misinformed you re the  Board of the Securities Investor Protection Corporation. He had told you the Secretary of the Treasury and the Federal Reserve Chairman  BEXMiER  serve.  Rather, it is the designees  of those two officials who serve. 3:40 PM- Deputy Attorney General Kleindienst called.  His secretary  said it was nothing urgent - and said Mr.Kleindienst asked that his call be returned.  (187-2101)  (Informed Mr,.  MacLaury of this call and he said he would call Mr. Kleindienst 4:15 PM - Ed Dale of the NY Times called and said he had spoken to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you at the Christmas party the other night about getting together for lunch one day; he wanted you to know he is free all of next week for lunch.  You are free Monday, unless  you will be working on ;your speech. seems to be the best day.  Otherwise, Thursday  OK to suggest Thursday? (293-3100)  YES OTHER  Messages for Mr. Volcker  - 3 -  Tuesday, Dec. 22, 1970  5:15 PM - Mr. Dickey (Mr. Rossides' Deputy) cal led and asked whether   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  he might see you tomorrow on a small personal mat ter -- for just a few minutes.  I told his Secretary you might not be him in tomorrow - but will call/should you dec ide to come in.  (5115)  !  Messages for Mr. Volcker  -  1  -  Monday, Dec. 21, 1970  11:15 AM - Mr. MacLaury has asked us to put him, Mr. Cavanaugh and Phil Potter down for 12:00 noon - to talk about SBA.  CAL. NOTED.  11:20 AM - Dr. Wallich has scheduled a Consultants' Meeting for Thursday, January 7 - 9:30 AM to 4:30 a.m. - Subject: International Investment - in Room 4121,  Your calendar is clear.  ON CAL.  11:45 AM - Dift% Auten called and said with respect to your Economic Outlook address in Detroit, on which he has done a draft for you, in talking to Lisle Widman, Mr. Auten discovered what you may already know -- that the January Survey of Current Business will carry an article on our forecasting techniques for both imports and exports and the B/P.  Mr.  Auten said he knew you intended to talk about the B/P in your Detroit speech and you may want to refer obliquely to the fact that these things are being described in the forthcoming Survey of Current Business so that you would not have to go into too much detail in your speech. ---- 1:10 PM - Mrs. Volcker called and would like you to call her when   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you return from lunch,  •  Messages for Mr. Volcker  1  9:00 AM - Marty Miller called,  Friday, December 18, 1970  He asked for a brief word with you on  the telephone about the matter of the President seeing the on Jan, 14. Industrial Savings Bonds Payroll Committee/ (2219 or 5880) -- The luncheon to launch the 1971 Campaign and to recognize the leaders from 1970 is to take place on January 14. 10:30 AM - Mr. Deming called from New York.  He said he was going to  be in Washington today - and asked about your schedule you had this afternoon - specifically 3:30 p.m. I told himhafxymax meetingsscheduled at 2:30 p.m., 3:30 p.m. and 4:30 p.m. around He said he would drop by ELIE 3:00 p.m. should you be free for a minute with him. NOTE:  CAL NOTED.  He expects to leave Washington at 5:00 p.m.  11:05 AM - Mr. Martin Worthy called you and just said to tell you he had called.  6364  11:25 AM - Mr. Robert Solomon called and said the Board is going to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  be talking again about Eurodollars on Monday and Mr. Solomon would like to talk to you either in person or on the phone some time before then(  He asked what your schedule was  this afternoon and I said packed -- I said, depending on how much time you spend with Mr. McNamara at 4:30 and how much time you spend with the Treasury reporters at their 5:30 Xmas party, you might be able to see him at 6:30 perhaps or so.  He mentioned they were having a  •  0.  'V  Messages for Mr. Volcker  - 2 -  December 18, 1970  Christmas party at the Fed late this afternoon, too, but he could arrange to come to see you at about 6:30 if you thought that best.  Alternatively, if you were going to be  61 30 0IC in your office tomorrow, he could come to talk to you then or could talk to you on the phone sometime tomorrow at your convenience. 11:30 AM - Mr% Webster called and said the Secy. asked that the memo to the President be re-done and ready for him to take to the Troika meeting at 4:30.  He wants no options -  _  just a statement that all principals go for a $325 million liberalization with the exception of Burns.  Mr. Webster  said he wuid would have the memo re -done and try to get it to Mr. Petty in time so he could bring it in when he comes to brief you for the meeting at 2:30. 11:45 AM - Mr. Empey, of Wells Fargo Bank in San Francisc o, called you.  He did get the message you had called him yesterday  but didn't get back to his office until after your offi ce had closed.  He will be in meetings most of the day today  in the Bank and will keep his secy. posted as to wk his whereabouts, so she can get him to the phone whenever you are able to call him.  AC 415 - 396-3058  11:50 AM - Mr. Petty's office called and said he asked if he might see you about the briefing papers for Mr. Connally at    http://fraser.stlouisfed.org/ . Federal Reserve Bank of St. Louis  4  Messages for Mr. Volcker 11:00 AM on Monday.  - 3 -  December 18, 1970  I said that looked all right.  (Mrs.  Volcker told me you weren't going out of town next week after all but she hopes you'll spend some of next week at home.  Could you give us a little guidance on the problem  of handling requests for appointments next week?) 12:45 PM - Mr. Carlock called and said something was coming down   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  by facsimile from NY that he needs to clear quickly with you -- he exp cts to have it in hand in about 15 minutes and said he c uld probably tell you what it is about over the phone and them, if you still want to see it, he will bring it down.  He said he would not go to lunch until  this is taken care of,  - 4 -  Messages for Mr. Volcker  Friday, December 18_, 1970  4:25 PM - Ambassador Annenberg called to ask whether you had any information for him  OW OM  I told him you had just left for an outside  appointment, and he said he would be reachable at the Madison, Suite 917 - Phone: 483-6400 until 5:45 p.m. He said that he had had lunch with the President at Camp David where he saw Secretary Kennedy,  Wkaluckit with whom he  had a few minutes to discuss his question, and the Secretary indicated to the Ambassador that "a way would be found."  NOTE:  I reached the Ambassador at the Madison and explained to him that you had indicated it would not be likely that you could get back to him before 5:45 p.m. this afternoon -- and asked whete you might reach xwauk him this evening or sometime tomorrow. The Ambassador expects to leave for his home this evening in Wynnwood, Penna. (suburb of Philadelphia) where he can be reached at any time during the day tomorrow (Saturday - 12/19) PHONE:  5:50 PM - Mr. Weber said to tell you your breakfast in Detroit is   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  now being sponsored by the Economic Club of Detroit.  Thursday, December 17,1970  1  Messages for Mr. Volcker  11:10 AM - Your appointment with Mr. McNamara and Mr. Wieczorowski has been scheduled for 4:30 p.m. tomorrow, (Friday, December 18), in Mr. McNamara's office - entrance 1818 H St., N.W., 12th floor. Note:  ON CAL The Treasury Reporters' Xmas party will start at 5:00 pn and is expected to continue until about 8:00 p.m.  12:30 FM - Message from Secretary's Operator:  The Secretary will hold  his 8:45 a.m. Staff meeting tomorrow (Friday) in Room 4426. ON CAL. 2:45 PM - Mr. Webster called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He asked that you be given the message  that the Secretary looked at the OFDT memo. He would like tomorrow 4:30 pm to settle the issue at the Troika meeting/(Friday,/alonlcxx December 18).  The Secretary, in the meantime, is going to  talk to Secretary Stans.  The inclination is to go for  $325 million option and to override Arthur Burns.  The  Secretary will get in touch with you or Mr. Webster about the strategy.  The memo is being held here.  (-Mr-.-- -W-eb-ster  4as-41ot,-a=,#ck-1-eicAr&-kktetrr-I--cisrki-4)-a.tAr-1xr-cierttTrrerrrtr -tienrb-mrr- '4-ruzatoed smiterrt- -the -nrermy -i-sNOTE:  ue. -Sinnmrry 711:- M. Vt!tur-EFIr  Mr. Schaffner is holding the memo -- for further  word on the distribution from Mr. Webster.  Messages for Mr. Volcker  - 1 -  Wednesday, December 16, 1970  10:00 AM - Mr. Snyder's office (Margaret Bingham) just called to say that the Secretary will attend sthe S&L Cmte. luncheon at the Madison this noon -- and Mr. Snyder thought you might want to make the announcement at the 11:00 a.m. backgrounding dhis morning. 10:05 AM  ed Deming, Sr., called from NYC.  He asked that his call be  returned this morning if you have the time; otherwise tomorrow morning.  (I had told his Secretary you would be away from  your office from about noon - and in NYC late afternoon. 212-422-1200) 10:20 AM - The Room for the luncheon by S&L Cmte. has been changed from the Monticello Room to the Mt. Vernon Room.  CAL. NOTED.  11:45 AM - Dr. Walker stopped by and said to tell you Ken Cole at   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the White House says the President has Dr. Walker's memo requestin• g him to call Mansfield on the IFI -- they don't knS w whether the President will but they suspect he will, Axx Dr. Walker expressed some surprise at this optimism.  Messages for Mr. Volcker  - 2 -  December 16, 1970  12:40 PM - Mr. Schaffner stopped by and said he has some further ideas on the draft memo on direct investment controls, copy of which you took to NY with you, that he would like to discuss with you in the morning. 2:50 PM - Mr. Webster called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He asked for 10 minutes with you to discuss  Ex-Im Bank loans to France and French gold policy. 9:30 a.m. tomorrow (Thursday, Dec. 17).  I gave him  He will bring Messrs.  Nelson, Rendall and Albert Pappano (a new man in OASIA) if he can resolve his conflict.  ON CAL.  Messages for Mr. Volcker  1  Tuesday, December 15, 1970  now 9:45 AM - Mary Harris called to say that firm arrangements have   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  been made for the Govt. Securities Seminar in NYC tomorrow Mr. Volcker is (wed., Dec. 16) -2:05 PM - Board plane (if/driven by Sam Morrow) 2:15 PM - Depart Andrews AFB CAL. NOTED. 3:00 PM - Arrive Marine Terminal, La Guardia -- Secret Service car to meet -- and stay with the Secretary and Mr. Volcker through to return trip to Marine Terminal for departure for Washington. NOTE:1)Departure time FROM NYC for Washington flexible, according to Mary.  She is in  constant touch with the pilot and the time for the /return trip will be decided by the Secretary. 2) Mary suggested that Sam Morrow be available to take Mr. Volcker to Andrews for the 2:15 takeoff -- in the evelt the Secretary leaves for the airport from some place other than Treasury; and that Mr. Morrow also meet Mr. Volcker on return to Andrews.  Tuesday, Dec. 15, 1970  - 2 -  Messages for Mr. Volcker  10:50 AM - George McKinney of Irving Trust, NYC, called.  His secretary  couldn't say what he wanted to talk with you about - but Mr. McKinney asked that you call back at your convenience. NYC - Call back Operator No. 6: 212-553-2516. 10:55 AM - Mr. Petty called.  He and Mr. Bradfield would like to have  about 15 or 20 minutes with you on an urgent problem in connection with PEFCO - sometime between now and lunch if possible. -- (2522) plans 11:00 AM - The Executive Secutariat called to inquire about the 24 and you might have for vacation between 8RptumbEx December January 2. Wednesday, of/December -- The Secretary will be away from the afternoon Saturday, 23 through/January 2. -- Dr. Walker will be away from Thursday, December 24 through Saturday, January 2. presently I told Gina Price that your calendar was/blocked off from December 20 through the 28th for a family vacation and that we would be back to her with a more definite answer when we have the information.  Is it all right to suggest to her  that she check the General Counsel's calendar (for Acting Secretary) for the period Dec. 24 - Jan. 2? YES 11:05 AM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Mr. Petty called.  NO  (2471)  He wondered whether he might come in to  see you for 5 minutes when your visitor left - urgent. fe6r5 from (His secretary didn't know whether it wafE (2522) •••  Messages for Mk. Volcker  _ 3 _  December 15, 1970  12:45 PM - Mr. Petty called and said he needed about half an hour with you sometime before noon tomorrow on Canada. 5:30 PM today.  I suggested  On cal.  3:10 FM - Governor Brimmer called.  He asked that his call be returned.  (147- 213) 3:30 PM - Mr. Wieczorowski called and said to tell you the Bank met today on the matter of 5-year borrowing.  The consensus was  that the Board approved the Bank going ahead on the 5-year borrowing.  Mr. Wieczorowski said he just had a call from  Mr. Alderwereld saying the Bank requests permission from the U. S. Government to move ahead immediately on a $250 million borrowing of 5-year money to be announced on January 5th for offering on January 12th.  They would  appreciate early approval, which Mr. Wieczorowski interpreted to mean this afternoon or tomorrow or just as soon as possible so they can move ahead.  Mr. Wieczorowski said he would be  in Mr. Petty's office from 4:90 to 4:30 this afternoon in case your meeting broke and you wanted to reach him re this. 3:45 PM - John O'Meara called and said he is the Chairman of a Committee   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  that the Chairman of FNMA Board appointed to study conflicts of interest and you are on that committee which has been instructed to come up with a policy on conflict of interest.  December 15, 1970  - 4 -  Messages for Mr. Volcker  He said he met with you after the last meeting of the Board and he and the General Counsel of FNMA have drawn up a xpossikx proposed policy statement and he is having the FNMA people send a copy over to you either this afternoon or in the morning.  He would appreciate your looking it over,  because there is a time pressure and, if you are unhappy with something in the proposed policy statement, he would like to know before it is discussed in the Board this coming Friday.  He will be reachable in New York tomorrow and  Thursday until 3:00 PM at 732-3300 and expects to reach the Madison Hotel around dinnertime on Thursday and can be reached there Thursday evening.  I told him I would convey this to  you and be on the look-out for the proposed policy statement and tget it to you promptly and Iyasssure that you would get some response and reaction back to him. 3:50 PM - Mr. Barr stopped by your office on the chance of seeing   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you and, I suspect, chewing the fat.  I had to take a phone  call so didn't have a chance to talk with him, except he did say he hoped Mr. Connally would have enough sense to keep you and a few of the other people on here who know what. you are doing  •••  he said now that he is a banker, he is aware  of the importance of having people here who know what they are doing.  Messages for Mr. Volcker  _ 5  5:00 PM - Mr. Hirschtritt called.  He asked to see you for a few minutes   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Tuesday, December 15, 1970  I asked his secretary  on the coordination of an IDB problem.  to tell pm him you were in a meeting away from the office -with Mr. Petty coming in at 5:30 p.m.  NM  WM  and that if you  returned shortly perhaps you could see him before Mr. Petty, otherwise we would call when Mr. P2tty has finished. He expects to be in his office until 6:20 p.m.  (2803)  Messages for Mr. Volcker  - 6 -  December 15, 1970  6:10 PM - Mr. MacLaury called to ask if you would be able to meet with the Savings & Loan people at 11:00 AM tomorrow.  I  said we had it on the cal. and I thought you could excepting you still have to draft something to say to the Govt. Sec. Dealers tomorrow afternoon.  Mr. MacLaury said he hoped you  could meet with the S. & L. Cmte. because the first meeting of his Cmte. on Rail-Pac is scheduled for 11:00 tomorrow and he won't be able to attend the S. & L. meeting.  I told  Iim I would alert you to this. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ,Mr. Weber said the breakfast in Detroit is laid on for the morning of Dec. 29th at 8:00 AM with you and Gov. Brimmer as guests of honor.  The breakfast will be hosted by the Detroit  Fed Branch at the Fed and they are inviting the chairmen and presidents of 7 major Detroit banks plus a few others.  They  will be interested in a few informal remarks from you and, I assume, also from Gov. Brimmer. Mr. Weber also said he will be flying to Detroit on the 234d and will not be returning to Washington with you he's staying there for the holidays.  apparently  He said if you have  your speech ready in time he can take it out with him on the 23rd.  Monday, December 14, 1970  1  Messages for Mr. Volcker  9:18 AM - Mr. Betts' office called to say that the cook is sick and the Secretary's Dining Roam will be closed today.  (Cal.Noted)  9:45 AM - Dr. Walker is calling a staff meeting for 11:30 a.m. this -- When I asked Edith Baturin whether  morning, in Roam 4426  she knew of the purpose of the meeting, she said that all Dr. Walker had said was that she emphasise that this is a "command performance."  ON CAL.  al foreign 10:00 AM -Harold Cameron (financial consultant for sevdr banks) called.  He said he wanted to talk with you over the  phone for about 5 minutes about things in general - and particularly the foreign official balances.  He said he was  going to call Mr. MacLaury and hoped to be able to see him  sometime today - but also would like to talk with you. He is at the Hay Adams (Roam 328) - He said he would call back again during the day. Will you take his call, should you be free when he does call? YES NO 11:30 AM - Mr. MacLaury has been informed that you are seeing Paul Wren   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  at 3:30 p.m. on Friday, December 18. Is this all right?  YES NO  (Mr. MacLaury - 5848)  He would like to sit in.  Messages for Mr. Volcker  11:30 AM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  -  -  Monday, December 14, 1970  Mr. Bethke called - to say that they were looking forward so much to Wednesday afternoon, when the Secretary and you will be with them.  He wondered, if by any chance, you  would find it appropriate or convenient to bring along some of your staff people like Bruce MacLaury, John Carlock, and maybe the man who is going to succeed Ed Geng -- not for the discussion program - but to join the Executive Committee of the Dealers Association - and to attend the dinner party afterward at the 21 Club.  I explained that  Robert Cooper was the interim appointment - that the new man had not been announced or appointed yet.  Mr. Bethke  knows Mr. Cooper - and said that Alan Holmes and Peter Sternlight would be at the Seminar and dinner party also. They aren't inviting any people below them from the Fed (like Ed Geng) -- and it obviously wouldn't be proper to include Mr. Cooper. Shall we extend Mr. Bethke's invitation to: MR. MACLAURY MR. CARLOCK (Mr. Bethke - 212- Discount Corp.) Mary Harris said there would be room on the plane for Messrs. MacLaury and Carlock„  She had also called me  before earlier this morning to ask if the Secy's remarks  _ 3 _  Messages for Mr. Volcker  December 14, 1970  this group would be off the record on on.  I double checked  this with Mr. Bethke when he called and he confirmed that the standard rule is it is off the record and no member of the press is present in any event.  He said there is a general  understanding among the membership that remarks to them at these sessions are off the record and not for attribution; however, if a speaker wants his remarks on the record or any part on the record, he should tell Mr. Bethke at the beginning of the seesion and he will announce this.  I passed  this on to Mary Harris. 12:02 AM - Miss Mary Paul, of Reuters, called and asked to talk to you. When I inquired, she said she would like to know if you intend to continue serving in your present capacity after Secy. Kennedy leaves.  I asked where she had ikkRax  heard that Secy. Kennedy was leaving and she said the White House had just announced it and announced that John Connalley (sp?) was his successor.  Miss Paul said she was in the  Treasury press room downstairs - Ext. 2157. 12:05 AM - Mrs. Volcker called and said she had just heard the news   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  over the radio. possible.  She said she needs some cash -- $75.00 if  Monday, December 14, 1970  - 4 -  Messages for Mr. Volcker  2:00 PM - John Hennessy called.  He asked for about 15 minutes with  you at 5:00 p.m. or 5:30 p.m. (he has meetings until 5:00 pm this afternoon).  He is having the briefing material prepared  for you for the OPIC meeting tomorrow - and he thought it might be well to discuss one or two possible problems that might be focused on in the Board meeting and even IN in socializing at the dinner tonight.  Mr. Hennessy would be  accompanied by Jay Finkel and Ralph Hirschtritt. I told Mr,. Hennessy you had a 4:00 p.m. meeting in the Secretary's office - which could last until after 5:00 pm and that we would call him on your return to the office. Is it all right to tell Mr. Hennessy you will see him following your 4:00 p.m. meeting? YES NO (2748) 2:10 PM - Lee Cohn of the Washington Star called.  He asked whether you  had a free minute to talk with him about Gov. Connally. (LIe-5000 - Ext. 449. 2:15 PM - John Karlik of JEC called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He said Congressman Reuss had  asked him to get information on the new commitment NATO countries made about a week or two ago to increase their contributions - and Mr. Karlik said he would like to talk hiss calltoMgurich. to the man on your Staff who could help him. I transferred*  Messages for Mr. Volcker  1  Mon.-Fri., Dec. 7 - 11,1970  Monday, December 7 2:20 FM - Bob Bethke called to say that the Government Securities   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Dealers Seminar Program (originally scheduled for Thurs., December 17) is now set for Wednesday, December 16 -- with at Morgan Guaranty Hall, NYC the program starting at 4:00 p.m./to continue until about 5:30 p.m., and the Officers and Executive Committee of the Dealers Association will serve as host for cocktails and dinner for you and the Secretary from 5:30 p.m. at the 21 Club. NOTE:  ON CAL.  Mary Harris has been informed -- as has been Alan Wade, who is asking Bill Weber to prepare draft statements for both you and the Secretary. Mr u Bethke is sending a confirming letter with the details. -- Mary Harris has been in touch with Mary Finnerty of Mr. Cooper's office II@ in an attempt to reschedule the S&L Cmte. luncheon for the Treasury Financing on Wednesday, Group from 1:00 p.m. to 12:30 p.m./-- so that you and the Secretary can both attend this luncheon and then board a SAM plane at Andrews at 2:00 p.m. to arrive New York at 3:00 p.m.  (She is going to  clear this with the Secretary before ordering the For the return trip, she is thinking of a 1000 9:00 p.mc, departure from NY - to arrive Andrews at/ plane.)  /1 Mon.-Fri,, Dec. 7-.121970  - 2 -  Messages for Mr. Volcker Monday, December 7 (coned)  He asked to be transferred to Mr. MacLaury.  AM - Mr. Coombs called.  3:00 PM - Mr. DeForest Billyou of ITT called.  He asked to see you for  about 10 minutes to talk about ITT's foreign direct investment problem.  I suggested that he might talk with Mr. Petty in  your absence - and Mr. Petty is trying to fit him in his schedule on Thursday or Friday of this week. 4:00 PM - Dorothy Finley of FNMA called with the message that the January FNMA meeting will be held on Monday, January 18, of in Houston, Texas (at the time of the National Assoc./Home  1  06 1"  Builders' meeting). Luncheon will be at the Astrodome at immediately followed 12:00 noon --/iniioximg by the Board meeting at the Astrodome.  k 'She said you would be getting an invitation from the Nat'l.  ,  0  1'  Assoc. of Home Builders for their Presidential Ball that evening (a black tie dinner to which all the FNMA Board members and wives are invited).  ON CAL.  (Dorothy Finley - 293-6072)  Tuesday, December 8 11:55 am- Bill Simon called from NYC.  He said he would talk with  Mr. MacLaury later this afternoon. 12:00 M - Mr. Barr called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He said Harry Heltzer, newly elected Chairman  of the Board of Minnesota Mining, was in town today and Mr. Barrwondered whether you and Mrs. Volcker could join the this evening. Barrs and Mr. Heltzer at dinner at the San Souci cont di /i  •  Messages for Mr. Volcker Tuesday, December 8 (Cont.) - (Mr. Barr)  - 3 -  Mono-Fri.,Dec. 7 - 42, 1970  I told Mr. Barr you were in Europe and expressed your regret at being unable to join him this evening.  He asked that I  give you the message that he had called. 1:00 PM - Mr. Petty's office called and said Mary Harris was holding 11:00 to 12:00 on Monday, Dec. 14, on Secy's cal. for a Treasury mtg. on the question of the timing of a possible announcement on the future of the direct foreign investment program  and also 2:00 to 3:00 on Tuesday, Dec  15, for  a possible inter-agency meeting on the same subject, if such is needed, and asked that we hold these times on your calendar.  On cal.  1:30 PM - Mary Boswell, in charge of the telephone operators, called to invite you and Pearl and me to the open house they are on Friday, December 18, having from 3:00 to 5:00 PM/in the telephone office. On cal.  Wednesday, December )-O 10:00 AM - Bill Ross of FNMA called.  His call was transferred to  Mr. MacLaury. 11:20 AM - The Savings & Loan Cmte. reception will now be held at 12:00   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  noon - with luncheon at 12:15 p.m., in the Monticello Room of the Madison Hotel on Wednesday, December 40k (pr Mary Finnerty) -- ON CAL.  Monday-Friday, Dec.7-11-70 - 4 Messages for Mr. Volcker Wednesday, December 9 (Cont.) say what 12:45 PM - Peter Flanigan called. His secretary was unable to the call was about.  She asked where you could be reached if  it were something that couldn't hold until Monday.  I suggested  that he might want to talk with Mr. MacLaury in your absence, and the call was transferred. with Pat Shontz, of 2:40 PM - Mr. Weber said he has been in contact   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ts for the Detroit News, who is very active on arrangemen Asst. Cothe mtg. you are to speak at in Detroit -- she is Chairman or something of that sort, Mr  Weber said, and  a breakfast she says there is a lot of interest in having k, for you on the morning of Dec. 29th, the day you spea probably sponsored by the Manufacturers Natl. Bank of Detroit, with a group of bankers attending.  They will  t, also probably invite Gov. Brimmer to attend the breakfas ding if that is all right with you, as he will be out atten the meeting.  However, before they pin this down, they  l want to clear it with Dan Doyle, with is with the loca Federal Reserve Branch Bank, and he is out of town.  They  are anxious to get your okay on this as soon as possible. , Since you're planning to fly into Detroit on PM of 28th it will fit in all right,.  OK to say you will do?  (It will  be about 8:00 AM, at the Detroit Club, and they may ask Brinuner to say a few words too. YES NO  Mon.-Fri.,Dec.7-11,1970 - 5 Messages for Mr. Volcker Wednesday, December 9 (cont'd) 4:35 PM - Mr. Petty called to ask whether he might see you the first December 14, thing Monday/on the subject of the OFDI Program on which has been a meeting/ixxigmimg scheduled with the Secretary from 11:00 am 0 ri to 12:00 Noon the same morning. I gave him 8:45 a.m. k' CAL. NOTED. NOTE:  The "hold" on 2:00 p.m. to 3:00 p.m. on Tuesday, December 15, has been released since the Secretary will not be in on Tuesday.  (Per Mary Monomack)  This time was being held for a possible interagency meeting on the same subject. 5:00 PM - A further message from Mr. Petty on the 11:00 a.m. meeting   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  on Monday, December 14, explains that -- "Mr. Petty reserved Secretary Kennedy's time on Monday at 11:00 a.m. to talk about Balance of Payments for 1971 -- with the need to agree on OFDI release at a minimum and define whether there should be another principles' meeting now or later.  After Mr. Petty  sees Mr. Volcker at 8:45 a.m., if Mr. Volcker wants to cancel the 11:00 a.m. with the Secretary - fine.  If we don't  reserve the time on the Secretary's calendar, we don't have the option." NOTE:  (per Mary Momomack)  Mr. Petty expects to leave on the 3:00 p.m. EA shuttle on Monday for NYC to attend the panel discussion at ,a 5:00 p.m4at the Council on Foreign Relations -- which should be over in time to return on the 10:00 p.m. shuttle to National.  Messages for Mr. Volcker  December 7 - 11, 1970  - 6 -  Thursday, December 10 1:00 PM - Mr. Rendall reported that Mr. Samuels' decision on the policy paper and question of Romanian membership in the IMF was that he understood the words "support and not sponsor" would be acceptable to you and he did not want to accept the phrasing Messrs. Rendall and Reynolds had proposed not promote or actively support" in lieu of the phrase you had said would be acceptable.  Therefore, Treasury is  accepting the phrase "support and pot sponsor." 5:25 PM - Ken Wright called hoping to catch you in.  Said he was  down on SEC business and said just to give you his regards. Friday, December 11 10:05 AM - Mr. Cates' secretary called to invite you to a luncheon on   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Wednesday, December 16th, for some Canadians -(Mr. Hanfield-Jones, someone from the Bank of Canada whom she couldn't name, and Mr. Towe of the Canadian Embassy.  Also invited are Mr. Petty,  Gov. Brimmer, Robert Solomon and Mr. Reynolds. at 1:00 p.m. at the Washington Hotel.  This would be  I told her you had a  luncheon commitment for Wed., Dec. 16, but would extend the invitation to you and be in touch with her on Monday with your reply.  Is it all right to regret? YES  (Priscilla-8243) NOTE:  Amiff6E  NO  fisqapdlnii14:ALPLIA4arittidggheQD at L.Q AFB at u0 pm.  Messages for Mr. Volcker  - 7 -  Mon.-Fri.,Dec. 7-11, 1970  Friday, December 11 (cont'd) 10:10 AM - Paul Wren, Old Colony Trust, Boston, called. (He is Chairman of the Govt. Borrowing Committee of ABA this year.) He is going to be in Washington next Friday, December 18, for a 2:30 p.m. appointment with Chairman Burns.  He would like  to come in to talk with you about the Government Borrowing Cmte. and its activities.  Your calendar is clear.  I told  Mr. Wren I would give him a tentative 3:30 p.m. time -- which would have to be confirmed the early part of next week. Is it all right to confirm? YES NO Refer to Mr. MacLaury? (Mr. MacLaury has been informed of the call.) (Mr. Wren - A.C. 617, 434-4604) -- On your calendar, FNMA Board meeting from 9:30 a.m. through lunch. 11:10 AM - Mr. MacLaury has asked us to hold the afternoon of Monday,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Dec. 14, open on your calendar until he can advise of a specific time when the Secretary, you and Mr. MacLaury will meet in the Secretary's office with the chief executive officers of the Continental Insurance Company. (CAL. NOTED.) Later scheduled for 4:00 PM in Secy's Office on Monday, Dec, 149 with Mr. Wentworth, Chrm„ and/or Mr, Matchett, Vice Chrm. of Continental Insurance Co., you and Messrs, MacLaury and Carlock to attend.  Messages for Ir. Volcker - contd. Friday, Dec.  - 8 -  Monday-Friday, Dec.7-11,1970 10:30 11:40 am - Mr. MacLaury has asked that we give him MOO a.m. on Monday, December 14, for (1) him and Mr. Cavanaugh to meet with you on SBA asset sales, and (2) Mr. MacLaury alone to talk about savings bonds. NOTE:  ON CAL.  According to Mr. MacLaury the Secretary is attending a Cabinet meeting at the White House at 10:30 a.m. on Monday morning - and will be unable to meet with the Treasury group on OFDI program. at 11:00 a.m. Mary Harris has confirmed this. (Mr. Petty advised.)  12:10 PM - We have all been invited to the General Counsel's XMAS "open house" on December 21 - in Room 3000 - from 3:00 pm to 5:00 pm.  CAL. NOTED.  12:30 PM - Mr. Dickey of Mr. Rossides' office has been in touch with the revision of Mr. MacLaury about/imwtstmg the gold regulations to permit   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  refiners overseas to deal in the same market -- which matter Mr. MacLaury has asked that we put on top of the list to be checked out with you. This relates to the desire of the Franklin Mint to manufacture gold medals outside of the U. S.  The reason  Rossides' office is involved is because his predecessor as Asst, Secy. (whose name I do not recall) is now the Washington atty, for the Franklin Mint and he is putting pressure on Mr, Rossides your desk Monday,  I will put the file on this on  Messages for Mr. Volcker  - 9 -  Monday-Friday,Dec.7-11,1970  Friday, December 11 - cont'd. 9:45 AM - Barbara Eichman, Conference Officer for OPIC (presently   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  still with the Office of Private Resources at AID1 called to and asked that we add the following details fox/the memo from Dr. Hannah, dated Dec. 10, on the dinner and luncheon FOR OPIC Board Members. (1)  The reception will be held at 6:15 p.m. with the dinner following at 7:00 p.m. in the Pitcairn Room of the Mayflower Hotel, on Monday, December - for OPIC Board members,, private and Govt.  (2)  (ON CAL.)  Luncheon will be at 1:00 p.m. (or maybe a little after 1:00 pm. depending on when the hearings on confirmation of private sector members are over) Room No. 3 at the State Department. NOTE:  41 ••••  in Dining  (ON CAL.)  The hearings are scheduled for 10:00 a.m. before the Senate Foreign Relations Committee, in Room 4221, NSOB. (ON CAL.)  There will be a working session following the luncheon in Dr. Hannah's Board Room, Room 5951, State Department. Herbert (ON CAL,) She mentioned the name of Mr./Salzman (presently Asst. Administrator, Office of Private Resources, AID) who has been appointed Executive Vice President, OPIC), who can be reached on 101-28582 - and who will be in touch with you from time to time, in addition to cont'd/10  Mon.-Fri.,Dec. 7-11, 1970  -10-  r Messages for Mr. Volcke Friday, December 11 - OPIC-   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  101-21854 at AID. Mrs. Eichman (presently on (5)  at 1129 - 20th Street,NW, be ll wi s ice off C OPI The ing, until the Executive 7th Floor. For the time be released, they will be is C OPI ing ish abl est er Ord operating through AID.  (For visiting purposes, the  d -- and this is 20th Street address is being use ctors will meet on where the private sector Dire Monday before the dinner.  Mrs. Eichman indicated that  unfamiliar with the these Directors were totally s meeting would give Government structure - and thi ore meeting with them a chance for a briefing bef y will meet at the the Government Directors wham the on Mon. the 14th, ing session on the dinner/and luncheon and the work 15th. (6)  Board meetings will begin She advised that the regular in January, NOTE:  Europe - and expected I told her that you were in back on Monday.  That the events concerning OPIC  ar; mentioning are being noted on your calend ings scheduled that you had two 3:00 p.m. meet matter of the but that you would resolve the g the luncheon working imuidul session followin turn. on Tuesday afternoon on your re  Messages for Mr. Volcker  December 7 - 11, 1970  - 11 -  Friday, Dec. 11 (Cont.)   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Further re OPIC Board mtg., Mrs. Eichman said she would send you on Monday a briefing book, which, among other things, would contain bios of the various Board members. She doubted there would be a formal agenda. I later talked to Mr. Gordon, who has been working on OPIC, filled him in, and he talked to a James Lowe, who is going to be Secretary to the Board and the Corporation.  Mr. Lowe  said the general issues -- and he was not sure how much they would talk about this -- will be the relationship between the Board and the President of the Corporation. They want or 20th to have the first Board meeting by January 19th/and, in order to do this, they have to get an Executive Order transferring this function from  AID to the new Corporation --  and the real issue is the relationship of the Board to the President.  Mr. Gordon said he explained to Mr. Lowe that  you had a 3:00 o'clock meeting on Tuesday that you had to attend and expressed the hope that any matters of importance could be discussed before you left.  Mr. Lowe said it was  left up to Dr. Hannah and Mr. Mills to present whatever views they wanted to express.  Mr. Gordon said he would be out  of the office next week until Thursday but Mr„ Hennessey would handle matters in his absence.  Messages for Mr, Volcker  December 7 - 11, 1970  - 12 -  Friday, Dec. 11 (Cont.)   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I was not satisfied with the information I had gotten thus far and did some further phoning.  I finally talked to a  Mr. Donaldson, who is Deputy to Mr. Salzman.  He said the  private members of the Board would be given a separate briefing from 4:00 to 6:00 on Monday, prior to the dinner, and he expected the dinner would be mostly a get-acquainted session (it is expected to be over at 9:00) since the public members will have on their minds the questioning they will be facing Tuesday morning at 10:00 before Senate Foreign Relations Cmte.  He said Mr. Hannah wanted to have  the lunch on Tuesday and working sesiion after (expected to last until 4:00) to exchange ideas with the members of the Board about how to handle the Board, what should be in the by-laws, etc. -- organizational questions.  He said the  members would be given a package of material to take home. I asked if they had drafted suggested by-laws or any other material that would come in the briefing book Monday that we could study.  He said no, but no decisions will be taken  until the Board has its first meeting on Jan. 19th or 20th, which happen to be the dates our financing cmtes. will be here on quarterly refunding.  I asked if you would be  able to have an alternate andte said he doubted it unless  Messages for Mr“ Volcker  - 13 -  December 7 - 11, 1970  Friday, Dec. 11 (Cont.) the Board decided to include that provision in the rules. I passed all of this on to Mr. Hennessey, since Mr. Gordon had already left for the day, and he said he would talk to Mr. Gordon and Mr. Petty and get something down to you by COB Monday. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I checked and Mr. Petty still wants to see you with Mr. Webster at 8:45 AM Monday, the 14th, even though the 11:00 AM session with the Secy. has been scrubbed -- on OFDI program.  Friday, December 4, 1970  - 1 -  Messages for Mr. Volcker  9:25 AM - Mr. Carlock's meeting on "book entry" is scheduled for Wednesday, December 16 -- 900 a.m. to 11:00 a.m. Federal Reserve Board and New York Fed people.  (He will  S rovide the list of those attending -- and will advise which  4  ged.) conference room will be used when this is arran• (Mr. Carlock said you had indicated to him that it was all / .m. meeting in the Secretary's Office right to take the 900a off your calendar.)  CAL, NOTED.  10:50 AM - Mr. Hayes called from New York to ask whether Treasury had any comments on the draft of the speech he will be making it on Tuesday. If there are comments, he said kita/would be helpful to get them today.  I assured him we would let him know  as soon as possible.  (Mr. Hayes, NYFed)  11:00 AM - Telephone call from Mrs. Volcker re two invitations received   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  at home. (1)  Have accepted for you and Mrs, Volcker, the invitation frS m Mr. and Mrs. Griffith Johnson to a buffet and screening of movie on Thursday, December 17, at the Motion Picture Association, 1600 I Street, N.W. --  /  informal -- at 7:30 p.m. NOTE:  (293-1966)  -  CAL. NOTED:  This is the date you and the Secretary were going to speak to Mr, Bethke's group in NYC  G.•••  us.  Mr. Bethke is now trying to change to the loth or 18th because of the Secretary's White House dinner on the 17th.  Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (2)  - 2 -  Friday, December 4, 1970  Invitation from Peter Ladd Gilsey to a Christmas reception and the bestowing of the 4th Annual "IVaward, on Tuesday, December 15, from 7:00 p.m. to 10:00 pm - to you and Mrs. Volcker.  Regrets only -  to Mrs. Boyd - 298-7830 She said you had indicated that you will regret this invitation -- but to check with you again. Is it all right to regret ?  YES  X  NO  Messages for Mr. Volcker  - 3 -  3:00 PM - Mr. Hirschtritt stopped.  Friday, December 4, 1970  He would like to come in to see  you briefly this afternoon - on your return from the Hillabout coordination-Volcker Group. 6:20 PM - Mr. Jim Smith stopped by and said to tell you he talked to Bill Timmons and Timmons is going to get Kissinger to talk to Scott & Griffin, emphasizing the importance of the IDB as a part of the President's package on his Latin American program, and Timmons is going to communicate the importance of getting Miller to stand aside momentarily at least to get a vote on recommittal.  Mr. Smith said  he would get back to Miller himself on this tomorrow morning, but Timmons felt he would be able to get Kissinger to take some action. 6:30 PM - Mr. Nelson stopped by and left some papers for you   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  and said he would like to speak to you on the phone tomorrow before you leave for Europe on a couple of pending items that you know about.  He had to leave  for home because his family is meeting for the first time the family of his daughter's fiance.  Messages for Mr. Volcker  -  1  Thursday, Dec. 3, 1970  -  10:20 AM - Mr. Petty's office called to say that he wanted to see you on your return from the Hill.  I have given him 11:30 a.m(  -- and should you return earlier, I told his secretary I would let him know.  ON CAL.  10:30 AM - Dr. Wallich's secretary called to say that a Treasury Consultants' meeting has been scheduled for Tuesday, December 15th, and the morning's agenda will be a discussion of the economic outlook with a view to the President's Budget and Economic Report.  She informed me that it would  not be necessary for you to attend the session in the morning.  However, she asked that we put this on your  calendar for 3:00 p.m. on the 15th - at which time you, the Secretary and Dr. Walker are invited to attend the meeting for a summarization of the discussion prior to that time.  Your calendar is clear.  ON CAL.  10:40 AM - Mr. McCamey called to say that since the documents for the meeting of the U.S. Delegation to WP-3 will not be available today (a hold had been put on 4:00 p.m.) -- that we put this meeting on your calendar for 4:00 p.m. tomorrow (Friday, December 4).  Your calendar is clear.  CAL. NOTED.  -- in Conference Room 4125c 10:45 AM - Mr. Rossides called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (2033)  He asked that his call be returned.  Messages for Mr. Volcker  - 2 -  Thursday, December 3, 1970  You are Acting Secretary today.  NOTE:  11:05 AM - Mr. Houthakker called and would like you to call him when you can. 11:45 AM - Mr. McCamey called and said Mr. Houthakker can't make the WP-3 delegation mtg. at 4:00 tomorrow and wants to be present; Mr. McCamey asked if it would be all right to schedule it for 5:30. and this was all right.  I told him your cal. was clear (I checked with Mr. Houthakker's  secy. to see if this might have been what he had called you about; she said it was not and he still would like to talk to you on the phone when there is a chance.) 11:50 AM - Mr. Weber would like to see you about the request he spoke to you about last evening about a newsman wanting to see you. 12:15 PM - Mary Finnerty called and said Mr. MacLaury called and suggested it might be useful if Mr. Cooper sat in when you talk to John Carlock about Mr. Bill Treiber's memo re Merrill Lynch. 12:20 PM - Edith Baturin called and said she would have to shift your   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  2:30 appt. tomorrow with Dr. Walker on ESF; she suggested you accompany Dr. Walker back to his office from the Secy's Staff Mtg. tomorrow, which Dr. Walker is chairing, and talk to him then about ESF.  I said you had Mr. Barr coming to  see you at 10:00 and she said Dr. Walker had a 10:00 AM appt. too, so she thought that would work out all right. On cal.  Incidentally, re Mr. Barr, I asked Mr. Escoube,  -,  Messages for Mr. Volcker  - 3 -  December 3, 1970  who is handling Mr. Schaffner's work while he is on leave, to see if y he could find out anything from OFDI people about the specific problem Minnesota Mining is having. Mr. Escoube will be getting a memo down to you on this. 12:25 PM - Mary Ann Allin called and said to tell you the White House said Mr. Francis had been rejected outright.  She suggested  that you talk to Dr. Walker about the matter because he is going over to the White House tomorrow to talk to Fred Malik on problems like this (I checked & Dr. Walker is seeing Malik at 11:00 AM tomorrow).  Mary Ann said the White House people  said they are sending over the names of 3 candidates for the Geng job.  Mary Ann said she told them we had asked them for  candidates a long time ago and you had personally asked Mr. Flanigan for candidates and they hadn't come up with any. Mary Ann said you and she had tried to handle the clearance of Mr. Francis in a way to put us in the strongest possible position and she things we are in a strong position and the White House has rejected Mr. Francis purely on political grounds. 12:30 PM - Mr. Samuels returned your call.  His secy said she expects  him to be in his office most of the afternoon, though he has some appointments.  I told her we'd call again.  101 - 20410  1:15 PM - Mr. Nelson called to ask when he'd be seeing you on the matter   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you wanted to discuss presented in the background paper he sent yesterday (in your Action folder); he said he also had another mor,$iyigsptalpktff . i;)3tre you about. He 1 s going to lunch but  Thursday, December 3, 1970  - 4 -  Messages for Mr. Volcker  2:10 PM - Miss Fourier of the French Embassy called on behalf of the French Ambassador and Mrs. Lucet to invite you and Mrs. Volcker to a dinner party at the French Embassy, 2221 Kalorama Rd.,NW, on Friday, December 11, at 8:00 p.m. -- black tie, long dress -- in honor of the Secretary General of Foreign Affairs and Madame Alphand.  She offered the information that there would  be about 50 guests - including Secretary of State and Mrs. Rogers, Dr. Kissinger - Ambassadors and Senators. You will be in Paris on Friday, December 11. Is it all right to regret ? YES NO // (Miss Fourier - 234-0990) 2:15 PM - Jan Palmer of Front Line, the Newspaper for the Agency for   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  International Development, called to say that the newspaper is running an article (to be published as soon as prepared) on the members of the Board of the Overseas Private Investment Corporation.  Miss Riam Palmer has asked for your bio  sketch and photo - to be sent to the Editor 2 Front Line Information Staff, AID - Room 4898, State Department (20523) this afternoon - or early tomorrow morning (Friday - 12/ Okay to send?  YES  (Miss Palmer - 632-7978)  NO  Messages for Mr. Volcker  December 3, 1970  - 5 -  5:00 PM - Mr. Clifford of FNMA called and said they were trying to schedule the next FNMA Board mtg. on one of the days when the Natl. Assn. of Home Builders will have their convention in Houston -- namely, Jan. 18, 19, or 20.  He said Mr. Hunter  can't make it on Jan. 20th and wondered what your availability might be on Jan. 18 and 19.  Jan. 18 is the day Congress is  expected to convene but your cal. is clear; however, our Financing Cmtes. are scheduled to be here on Tuesday and Wednesday, Jan. 19 and 20, so I assume you would not wish to try to be in Houston on the 18th.  Shall I tell Mr.  Clifford that neither of the dates is possible for you? YES  (f_iu LAt"ir uzefz-wr 7'  NO 6:20 PM - Mr. Houthakker called again.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  with you and we'd call again.  A244 Told him Dr. Wrlker was  Messages for Mr. Volcker NOTE:  - 1 -  Wednesday, December 2,1970  Peter Flanigan's secretary called just before you left for New York on Tuesday with the message that Mr. Flanigan had scheduled a meeting on the Trade bill -- either in his office, or in the Roosevelt Room -- for 5:00 p.m. today (Wednesday). She said she understood you were going tape away.  I told her  you were returning just before 5:00 p.m. - and had a speaking commitment at 6:00 p.m. I suggested Mr. Petty.  She asked whom she might call -- and I checked with Mr. Petty's office, and  he has the meeting on his calendar. 9:25 AM - Tom Wolfe called.  He is working on the supplement to the  material on the State of the Union that went to the President on Friday (Nov. 27) and would like to discuss this with you. (5965) 9:30 AM - Gene Knorr stopped by.  He indicated that he would talk to  Dr. Walker about contacting Senators Case and Cooper.  He will  be back in touch with you if Dr. Walker is unable to do this. 10:15 AM - Tom Koniogos (Korologos), Administrative Assistant to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Senator Bennett, called. He said the Senator wants to set up luncheon a/meeting with you to go over the DISC proposal. He suggested that you come to the Senator's office at 12:15 p.m., Room 1121, New Senate Office Building - and from there to lunch in the Senator's other office in the Capitol. He said that in additi on and the Senator to himself/, he has invited Ed Cohen, Tom Vail of the Senate Finance Committee and Larry Woodworth. ON CAL (Mr, Korologos - 180 - 5444)  Your calendar is clear.  coat 1,1,11,2-  Messages for Mr. Volcker  December 2, 1970  - 2 -  10:45 AM - Mary Harris called and said the Secy. & Mrs. Kennedy just received an invitation to a White House dinner in honor of the Prime Minister of England for Dec. 17th -the evening the Secy. & you were to talk to the Govt. Securities Dealers and have dinner with them in NYC. She said she was sure the Secy. would feel he should attend the White House dinner and she wanted to let you know right away that he could not be in NY that evening.  The Secy.  and you are scheduled to speak to the Govt. Sec. Dealers at 4:00 PM and the White House dinner is at 8:00 PM (black tie). 11:45 AM - Mr. Hirschtritt's secy called & said he would like tos see you and asked that we put him on the list for tomorrow when told you were in NYC today. NOTE:  Mr. Knorr left word that Dr. Walker did reach Senators Case and Cooper, so you are off the hook.  3:20 PM - Mr. Barr called and asked to see you tomorrow or Friday.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I suggested 10:00 AM Friday which was fine with him. said to tell you he is coming to see you capacity for Minnesota Mining.  He  in his private  He said he was in the Treasury  when the OFDI regulations were put on and he never did understand them and now he is having to try to itmdasxst understand them and he wonders why they were ever put on!  On cal.  a  Messages for Mr  Volcker  3 -  Wednesday, Dec. 2, 1970  3:25 PM - Dr,, Walker asked whether you were free to see him at 2:30 p.m.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  on Friday, December 4 - to discuss administrative supp ort for ESF.  Your calendar is clear.  ON CAL.  Messages for Mr. Volcker  9:55 AM - Mr. Rossides called.  - 1 _  Tuesday, Dec. 1, 1970  He asked that you be given the message  that Senator Javits has said "Okay" -- and Mr. RossiI•5 ing out what else, if anything, has to be done with the White House. 11:30 AM - Mt. MacLaury would like to bring Mr. Cooper in to see you   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  briefly.  _ 3  Messages for Mr. Volcker  2:30 PM - Mr. Nolan called.  Tuesday, Dec. 1, 1970  He said he was getting calls as to the  meaning of the Secretary's statement yesterday in Rome concerning the IET -- whether there was going to be any change in the present plans to request an extension of the tax beyond March 31.  He said there is confusion - some  people are interpreting it as a suggestion that Treasury / r,Aght not seek an entension of time. (5561) that his call be returned. 2:45 FM 4/ov. Brimmer called. He asked (147-213) 3:00 PM - Mr. Petty called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He asked whether he might come in to see  you for a few minutes before you leave this afternoon. (2522)  Messages for Mr. Volcker  Kearns called. 1 8:45 AM -41  _ 1  Monday, November 30, 1970  He asked that his call be returned.  (128 - 21131) 11:35 AM - Mr. Cohen's secretary called to say that he would like you to know that he has no definite word on when the Senate Finance Committee would take up the DISC proposal.  It would  most likely be tomorrow (Tuesday) - or it could be this afternoon (Monday) - or Wednesday, Dec. 2. NOTE:  I have asked her to let Mr. Cohen know that you will be in New York on Tuusday4 Wednesday, December 2.  12:55 PM - Chrm. Burns called and said "never mind" when Secy's Operator told him you were at lunch out of the building. A few minutes later, Secy's Operator called again and said Chrm. Burns' secy. called and asked that you call him when you return. 1:30 PM - Mr. Cohen called.  He asked that his call be returned.  (5363) 1:40 PM - Gene Knorr called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He asked that you be given the message  that Dr. Walker, John Petty, Jim Smith and Mr. Knorr will be meeting with Senator Jack Miller at 5:00 p.m. this afternoon.  Messages for Mr. Voliker  5:00 PM -  - 2 -  Monday, November 30, 1970  State called to say that Abraham Katz, Director OECD, European Community and Atlantic Political Economic Affairs, with Emmett Coxson of his staff, would be accompanying OECD Amb. Greenwald when he visits with you at 11:00 a.m. tomorrow (Tuesday, Dec. 1). - Cal. Noted.  NOXXX 5:45 PM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Bill Dale returned your call.  (181- 3067)  4:35 FM - Alan Holmes called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He will be in his office until 5:00 p.m.  - 1 -  Messages for Mr. Volcker  November 25, 1970  10:00 AM - Mr. Mackour called and said Jim Griffin called him and said Frank Figgures in London has invited you and Mrs. Volcker to dinner on Monday evening, Dec. 7th.  Mr. Griffin  told Mr. Figgures that it seemed clear that Mrs. Volcker was not going on the trip but said he'd convey the invitation to you.  Mr. Griffin would rather like to get word back to  Mr. Figgures still today if possible.  According to the  latest trip schedule for the Secy., the latest thing scheduled for Monday, Dec. 7, is the visit with the Prime Minister at 5:00 PM.  With respect to Mr. Figgures' invitation,  do you wish to: ACCEPT REGRET 10:30 tM - Mr. Webster called and said you asked him to try to arrange a meeting of Cabinet members on the Capital Restraint Program on Friday.  He said it looks as though 3:00 PM Friday after-  noon in the Secy's office will turn out all right.  He has  firm acceptances from Stans, McCracken, and Samuels, and Burns and Shultz tentative but looking good and he hopes to have further word re these two later in the day. 11:00 PM - Mr. Wieczorowski called and said he talked to McNamara after   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  he talked to you last night and, after he talked to McNamara, he drafted the following statement,which is intended to bring in the three points you mentioned, which, with your concurrence  Messages for Mr. Volcker  - 2 -  November 25, 1970  or amendments, he would show to McNamara to give him a sense of the position we expect to take at the Board meeting at which the 5-year lending is considered, which will probably be on Dec. 8th.  He said he wanted to get this settled with  you while it was all clear in your mind.  The statement  he drafted for this purpose follows: In supporting the proposal for the Bank to issue medium-term securities, my authorities agree with the view of the President's (McNamara) paper which emphasizes the future importance of this area of the market as a source of funds. 11  The present case is tempered by the liquidity of the Bank portfolio, its substantial holdings of mediumterm securities, and the recent disbursement experience. Nevertheless, the Bank should look to future funding and access to appropriate markets. We agree with the Bank proposal to utilize the resources presently available in medium-term issues. Market acceptance and experience gained now could be useful as Bank needs increase. Offerings of up to $250 million per year should serve that purpose.  11:55 AM - Bill Simon called and would like you to call him.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  NYC - 747-7026.  Messages for Mr. Volcker  3  November 25, 1970  12:45 PM - Secy's Operator called and sai d there will be Secy's Staff Mtg. this Friday morning chaired by Dr. Wal ker. 3:45 PM - Mr. McCamey called and said Amb . Greenwald is going to be in Washington next week and has asked, among a list of about 40 people, to see you and Mr as the best day. as well.  Petty.  State suggested Dec. 1  This is the best day from your standp oint  Both you and Mr, Petty are clear at 11: 00 AM on  Tues., Dec. 1, so Mr. McCamey is sugges ting that time to State Sam Cross and Mr. McCamey will also pro bably sit in.  On cal  3:50 PM - Mr. Lynn called you and said he was just calling to express curiousity as to whether you had gotten off ali ve from the hearings yesterday.  I guess he'd appreciate a call. 189 - 4772  4:20 PM - Mr. Holmes called you from NY Fed .   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I explained you were in  the Consultants' mtg. and offered to get you out if it were urgent.  He said just cancel.  leave for home.  I suspect he was about to  Tuesday, November 24,1970  Messages for Mr, Volcker 8:45 AM  Mr, Kearns called.  He asked that  his call be returned.  (128 - 21131) 10.10 AM - Mr. Hirschtritt called.  He would like to see you for a few  minutes today about a little discussion he had with the Secretary ahout on some things.  (2803)  and 11:30 AM - Mike Bradfield called and said to tell you that 504 505 were knocked out of the appropriation bill -- the audit provision and prior justification provision of the multilateral institutions bill are out and also the IMF appropriation is in -- in the Senate Appropriations Subcmte, 12:05 PM - James Phelan of Chase Bank called and wculd like you to return the call when you can.  He is leaving for Europe to-  morrow evening and hopes to speak to you before he leaves. NYC - 552-8367. 12:20 PM - Peter Flanigan called you and said no message when told you were on the Hill testifying onPenn Central. 12:45 PM - Mr. Wieczorowski called and said he is getting all kinds   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  of pressure both on the $150 million borrowing from the BIS and also on the 5-year note and it is getting rather embarrassing,  He said they brought people over from the  Bank twice to discuss this and it is on the schedule for the Board mtg, this afternoon at 3:00 PM  Mr, W  himself  Messages for Mr. Volcker  - 2 -  November 24, 1979  would like to go up to the Hill around 2:00 to be there when the action starts on the Financial Institutions bill and he was planning on having Emmett Rice represent the U. S. at the Board mtg.  However, Mr. W. will try to leave  word with his secy. where he can be reached on the Hill in case you want to talk to him instead of Mr. Rice. I told Mr. MacLaury about this when he returned from the Hill and he said he would have something ready for you to consider when you get back from FNMA. PENDING CALLS FROM YESTERDAY: (1)  Bill Simon - NYC - imRA2Rx 747-7026.  (2)  Mr. Urfer - 183 - 7327. PM - Mr. Knorr called and said he hopes you can call Senator  1:40 Jack Miller on the authorization of the Financial Institutions bill ilimmiamillgxmpxtkisxaitExtumm before 2:00 PM  --  he thinks Senator Miller is going to offer an amendment on the audit and thinks he can be talked out of it.  Call  Senator Miller in the Senate Republican Cloak Room 180 - 6191. 2:00 PM - Mr. MacLaury called°   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you return.  He would like to see you as soon as  _ 3 _  Messages for Mr. Volcker  Tuesday, November 24, 1970  Burns office called about the 3:30 PM - Katherine Malardi of ChaiLman Fed Lunch tomorrow (Wednesday).  I told her you had an outside  ve at Cosmos Club) -luncheon engagement (farewell for Joe Ree ff luncheon with and she said in that case it would be a sta Bob Holland hosting. called and would like you to d Fun the at ll che Mit ek Der 3:40 PM call him.  181 - 3186  4:15 PM - Richard Urfer called again° 4:30 PM - MroNelson called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (183 - 7327)  He asked whether he and Mr. MacLaury might  oon. come in to see you for a few minutes this aftern  %  Messages for Mro Volcker NOTE:  - 4 -  Tuesday, November 24,1970  Mr. MacLaury is attending the Joe Reeve luncheon also -- and has suggested that we regret the invitation for the Fed lunch tomorrowc  Chairman Burns office has been notified.  5:10 PM - Mr. Willis called and said Mr. Schaffner told him you wanted   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  to see him.  I told him you had some people with you but  that we would call him when you were free.  %.•  Messages for Mr. Volcker  1  9:30 AM - Mr. MacLaury called.  -  Monday, November 23, 1970  He said Fred Deming, Jr., called  him late Friday afternoon to alert him to the fact that Secretary Romney had raised the subject again (because of the rapid drop in interest rates) of lowering the FHA guarantee rate from W. -- and that the Secretary might want to get together with you sometime today. 9:45 AM - NOTE  According to Mr„ Willis, the number attending the Volcker Group meeting will be about 15. Room 4426 Room 3312  10:00 AM - Mr. Michel Gabrysiak called from Paris to extend his apologies for being unable to keep his appointment with you at 4:00 p.m. this afternoon.  He was called back  because of very personal reasons - and will get in touch again when he will be here in Washington,. 11:20 AM - Mr. MacLaury called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Cal. Noted.  He has now gotten word that  Secretary Romney's meeting on FHA is at 4:30 p.m0 and has noted that you have a Volcker Group meeting at 5:00 pm and will talk with you about who is to attend.  Messages for Mr. Volcker 1:40 PM NOTE:  -  Monday, November 23, 1970  - 2 -  Congressman Reuss returned your call.  Mr. Weber would like to see you when there is a chance about your testimony tomorrow and your various upcoming  1  speeches. 4:05 PM - Mr. Vienot  Mr. Plescoff's replacement at the Fund, called.  3861) He asked that his call be returned. (181 4ifa  4:07 PM - Bill Simon called from NYC. returned.  He asked that his call be  (NYC - 747-7026)  4:20 PM - Mr. Urfer OFDI, Commrce, called. returned.  He asked that his call be  (183 - 7327)  sure 4:10 PM - Wm. Ross called and wanted to check with you to be   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you were coming to the FNMA Board tomorrow.  I told him  you had to testify on Penn Central at 10:00 AM, and the only thing I could think of was you might be able to join them at lunch, if they could save a sandwich for you. He said they certainly would.  He said they might damn  you in absentia but then they might forgive you since you were trying to save Penn Central!  He said they would  put off discussing the bank lines as long as possible in the hope you might be able to join them.  Since Secy.  Volpe is testifying first and then you will testify, would it be possible to make a deal with the Cmte. for you to arrive half an hour late or so -- in order to attend FNMA  Messages for Mr. Volcker  - 3 -  Board for a little while at 9:30? is  November 23, 1970  Mr. Ross's home phone  , if you want to talk to him tonight.  He said  he usually gets home around 7:00. 4:55 PM - Mr. Knorr stopped by and asked if you had reached Mr. Reuss. Told him you had but we couldn't say how you made out. He also asked if you had reached John Williams. not to our knowledge.  We said  Mr. Knorr would like a quick word  with you before the Volcker Group meeting starts, if possible. 2851 5:10 PM - I calle d Mr. Vienot and explained it might be quite late   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  before tutxwx you were able to return his call and you had to be on the Hill testifying in the morning and asked if I might take a message or if anyone else could help him. He had read about the Secy's European trip and wanted to know if the Secy. were visiting Paris and where was he going. I told him Secy. was going mainly for the NATO meetings in Brussels but had been asked to make a speech in Vienna and decided to include that on this trip and to stop of  Rome  en route to Vienna ; that our Ambassador in the Hague had been wanting him to visit there for some time so he was going to stop off there when he left Brussels and then stop in London en route home  This satisfied Mr. Vienot.  Messages for Mr. Volcker  1  Friday, November 20,1970  10:15 AM - Arthur Laffer's secretary called to arrange an appointment for him to see you sometime on Tuesday morning, November 24, to talk about credit policy.  (She mentioned specifically  Mr. Schultz's letter to you on the sub ject, dated November 6th.) I explained that you were testifying on the Hill Tuesday a.m. Mr. Laffer has a 2:00 p.m. appoin tment. His secretary thought he could possibily make it over to your office at 3:30 p.m., which would be just be prior to a "hold" we have at 4:00 p.m. for a Volcker Group meeting. Mr. Laffer's secretary will be back to us.  She is giving him the message tha t you are  testifying in the morning - with the possibility of a recall to the Hill in the afternoon should there be a continuation of the hearing. Shall we set up a tentative app ointment for Mr. Laffer with you on Tuesday afternoon, should he ask for one? YES NO  V  '?) ‘41  r  /  It OTHER 10:30 AM - Mr. Willis' semtary called to inquire whether confer ence room 4426 is satisfactory with you for the Volcker Group meeting on . Monday, November 23 - at 5:00 PM -- or would you prefer to hol d the meeting in your office?   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Room 4426 Your office (5334)  Messages for Mr. Volcker  - 2 -  Friday, Nov  20, 1970  1:40 PM - Robert McClelland, Assistant Secretary for Domestic and International Business 9 Department of Commerce,called. He asked that his call be returned.  (189-2867)  1:45 PM - Richard URFER, OFDI, Commerce, called. call be returned.  He asked that his  (183-7327)  iR• RxinolxxxMOTEx   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Laffer's secy called again and said he wondered whether he could see you on Monday afternoon at 3:30 since Tuesday seems difficult.  I told her you had a pretty heavy schedule  S n Monday but I would check with you and see what you suggest.  Messages for Mr. Volcker  November 20, 1970  - 3 -  to tell 4:30 PM - Marva said Mr. Weidenbaum called in and asked her you he hoped to have your comments on his speech in NYC t) next Tues. (I put draft in your ACTION folder last nigh for his use on Sunday, when he plans to come in to his office and put the speech to bed.  He has to testify on  ctly the Hill at 10:30 Monday morning and plans to go dire to from the Hill to catch a 2:30 plane to NY -- so he has finalize his speech on Sunday.  I suggested to Marva that  she leave a note for Mr. Weidenbaum to phone you at home on Sunday in case you are not in a position to leave comments for him tonight. 4:55 PM - Mr. Bethke called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I told him you had a meeting going on in  question he wanted your office - and asked whether there was a to put to you that we might get the answer to.  He said he  December wanted to get the notice out early next week on the to 17th date (4:00 p.m.) when you and the Secretary are Dealers speak at the meeting of the Government Securities ing of in NYC, AT THE 21 Club. (He is leaving NY the even November ) Tuesday,/DRuRmismx 24, not to return until December 7th. sfactory His questions is whether theeDecember 17 date is sati er with both you and the Secretary - and hoped to have his answ early Monday morning.  I checked with Rose Cicala, who said (continued/4)  Messages for Mr,, Volcker  Friday, November 20,1970  - 4 -  the Secretary -/does have the Government Securities Dealers Seminar in NYC on his calendar for December 17.  Your calendar for that day Mix  is completely clear - except for this commitment at 4:00 p.m. in NYC.  Is it all right to tell Mr. Bethke he can go ahead /LPL'  with his notice? YES NO  tteil  (A.C.212-943-4400) 5:05 PM -  Mr. Mann called about the farewell luncheon for Joe Reeve on Wednesday, November 25th.  He is MC'ing the program;  Sam Cohn will present the gift; and Mr. Mann is asking that three of the guests (you for Treasury, Mr. McCracken for CEA, and Elmer Staats - formerly of Budget and now with GAO -) be prepared to say something nice about Mr. Reeve -- for 2 or 3 minutes (less than 5).  Mr. Mann suggested that we  call on Mr. Snyder and Mr, Cavanaugh - who know Mr. Reeve well - to write several paragraphs for you. suggestion on to Mr. Snyder.  I passed this  Cal. Noted.  6:10 PM - Mr. Knorr stopped by and said to tell you that H.R. 18306,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the Intl. Financial Institutions bill, will be on the Senate floor Tuesday0  He will need you for phone calls  Monday and Tuesday; both the Secy away,  and Dr, Walker will be  Messages for Mr. Volcker  - 1 -  10:45 AM - Bob Bethke called.  Thursday, November 19 1106  He said he would call again later this  morning. 10:50 AM - Secretary's Operator called to say that there will be a Secretary's Staff meeting at 8:45 a.m. tomorrow (Friday) in Room 4426.  On Cal.  10:55 AM - Mr. MacLaury is inviting everyone to a party he is having for Mr. Geng in his office (3321) at 4:30 p.m. this afternoon.  ON CAL.  NOTE:  FYI - The Financing Group taking Mr. Geng  5,7  lunch  is walking to the Hay Adams - leaving Mr. MacLaury's office at 12:50 pm. A large table has been reserved/in the main dining room. 2:19 PM - Rose Cicala called to say that the Secretary can see you now.  She suggested that we check with her on your return  -- since the Secretary has a 2:30 p.m. appointment. -2533 250 PM - Bob Bethke called again. 3.05 PM - Mr, Petty's office called to say that he and Mr. Cates   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  were seeing the Secretary about the two day meetings in Canada,  ( °1  Messages for Mr. Volcker 4:30 PM   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 2 -  Thursda  November 19  nker called from New York. Ba an ic er Am e th of an rm be We n Be on on Monday, November 23, to gt in sh Wa in be to g in go is He whether he might come in to see Chairman Burns 9 and asked say hello at 11:00 a.m.  at I suggested to Mr. Weberman th  s arrival in Washi_ngton. he call on Monday morning on hi rman when he calls that be We . Mr, ll te to t gh ri l al Is it you will see him at 11:00 a.m. YES NO  (Your calendar is clear.)  197  Messages for Mr° Volcker  5:45 PM - Mr. Smith stopped by.  Thursday, November  ivcr76  He would like to talk with you about  the Patman letter -- attached ,- and asked that we call him when you are free. (2038) 5:55 PM - Mr. Joss stopped by to talk to you about his latest draft of the Memorandum to the President.  He asked that we call him  when you are free. (2096) 5:30 PM - Mr. Petty would like to see you when you are free. 6:15 PM - Mike Bradfield would appreciate knowing, when you have a chance to tell him, how you came out with Reuss this morning. 6:45 PM - I called Messrs. Smith, Joss, and Petty to tell them you had to go out of the building and might not be back until 7:15 or 7:30, or even later.  Mr. Petty decided to go to  the IMF reception, since you evidently were not going to get there.  Mr. Joss said he had a 7:30 engagement and  Mr. Smith said, in the meantime, he had talked to Dr. Walker by phone and found that Dr. Walker would be available on the 25th to handle the testimony.  All three are planning  to talk to you at or after the Secy's Staff in the morning. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  •  -  Mr. Geng plans on being in the Treasury for a while in the morning to pack his personal belongings in his car and hopes for a w chance to talk to you for a little while before he leaves to drive back home.  Messages for Mre Volcker  -  1  Wednesday, November 18,197D  -  9:15 AM - Bob Bethke called from New Yorke returned. NOTE.  He asked that his call be  A.C,212-943-4400.  Accompanying you to the/ Fed lunch Cook and Auten.  (Mr. Carlo  is on leave; and Mre  be Messrs. Geng,  is not free; Mr. Snyder  eidenbaum has another luncheon  engagement.) 9:20 AM - Mr, Schaffner would like to talk with youe  (2386)  9:30 AM - Miss Moffet, secretary to Mr. Watkins (Secretary of National   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Gallery of Art) called to ask whether you would attend the sI- cial meeting of the Trustees (for the consideration of problems in connection with acquisitions) -- at 3:00 p.m. tomorrow (Thursd.y, Nov. 19), -- MatiomaixGaiiraxyxlaixAxkmultiam ofxmaRtillgxiaxattaakRdx On your calendar at 3:00 p.m.:  Final round-up of US-IMF  consultations chaired by the Secretary and attended by Chairman Burns and Mr. McCrackene MignMXXXWOWXXXXXXXXXXXXXXXXXXXXXAMOEMNXIMXXXXXXXXXXXXX MIKCANXX XMIGA)mcgazactaxxian4421NOZOKX)C3300 Miss Moffet said they would have a quorum without you and I told her you had a serious conflict and they had better not count on you but, if things changed, we would be in touch.  Messages for Mr. Volcker  -1,-  2:15 PM - Dr. Wallick is back in his office.  Wednesday, November 18,1970 (5881)  2:25 PM - Mr. Dale returned your call (181 - 3067) 2:30 PM - Mr. Weidenbaum's office called to say that he has returned to his office.  (2551)  2:40 PM - Congressman Reuss was on the floor when I placed your call. His secretary expected him back at about 3:30 p.m.  I asked for  an appointment early Thursday morning - and she has put you down for 9:30 a.m.  Mr. Reuss has a tentative appointment on his  calendar for 9:00 a.m.  If this is not made firm, she will make  it 9:00 a,mo for you.  (ON CAL.) what 3:25 PM - Mr. Mann called to ask wkEtkRx/you think about his attending the final session of the U.S./IMF Consultations at 3:00 p.m. tomorrow,  YES NO  (Evelyn - 103 - 3680) 3:45 PM - Nancy Steinthal at the Natl. Bureau of Economic Research   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  called and said they were sending out an invitation to the members of the press to their Dec. 2 dinner mtg. at which you will speak on revenue sharing and, if you are willing, they would like to say that you would meet with the press and entertain questions at the close of the dinner session. I didn't think to ask her if the press conference would include the other participants in the pre-dinner discussion (Carl Shoup, Walter Heller, James Buchanan, Richard Musgrave) and maybe I had better find this out in the morning before getting an answer from you?  Messages for Mr. Volcker  - 3 -  Wednesday, November 18  5:20 PM - Mr. Costanzo returned your call of this morning. 5:35 PM - Fred Bergsten called.  (128-6908)  He expects to be in his office until  about 6:00 p.m. - and asked that his call be returned. (103 - 5026) 5:40 PM - Mr. Weiczorowski called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He asked that his call be returned.  (His secretary said he would be in his office until shortly after 6:00 p.m.) - (181-2776)  Messages for Mr. Volcker 9:20 AM - Gov. Daane called.  Tuesday, November 17, 1970  He asked that his call be returned.  (Is going into FOMC meeting at 9:30 a.m. - but suggested that you call after that time, if you didn't return by then.) NOTE:  Call was returned at 9:30 AM - Gov. Daane had already gone into meeting - a note was sent to him that Mr.Volcker had returned his call.  11:20 AM - Bob Bethke called and would like you to call him.  NYC -  943-4400 2:45 PM - Secretary's Operator called you with an important message. She asked that we call her when you have returned. 2:50 PM - Gov. Daane called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  •  _ 1 -  He said he would call again, since he was  going to go back into his meeting.  - 2 -  Messages for Mr. Volcker  Tuesday, November 17, 1970  3:45 PM - Under Secretary Beggs returned your call of this morning. (9-426-2222) He asked that his call be returned.(5965)  4:15 PM - Tom Wolfe called.  Mr. Kissinger had called on capital restraint program Thursday/- and Mr. Bergsten about the meeting at 10:30 a.m. on  4:30 PM - Mr. Bergsten's secretary  called.  wondered why he had not been invited.  I spoke with Mr.SchAlner  that about the list of those attending -- and he suggested this be cleared with you. g on capital Do you wish to invite Mr. Kissinger to the meetin restraint program?  YES  NO  (Mr. Bergsten's secretary - 103 - 5026) (Mr. Schaffn  's secy. had told me the meeting would be  in Secy's office with Messrs. Samuels, Stans, McCracken, Shultz, Burns, Flanigan, the Secy. & you, at 10:30 AM Thurs,, Nov. 19.) 5:10 PM - Mr. Schaffner said he had received word from Mr. Shultz's   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  office that Art Latter would attend for Mr. Shultz.  Mr.  Schaffner is a little concerned about this and wondered whether it would be all right to tell Mr. Shultz's office that the meeting was being limited to principals. YES NO  Messages for Mr, Volcker  - 3 -  Tuesday, November 17, 1970  5:35 PM - Katherine Malardi has extended the invitation for lunch at the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Fed Board tomorrow (Wednesday), which Chairman Burns will host. Is it all right to say you will attend? YES NO (147-201)  Messages for Mr. Volcker  - 1 -  November 16, 1970  9:30 AM - Congressman Passman, of Louisiana (D.), called and would like you to call him.  180 - 2376  9:45 AM - Mr. Nelson called and said that he and Tom Wolfe would like to see you sometime today on the Bureau of Mines gold report. Gave him 3:00 PM this afternoon. 10:10 AM - Hobart Rowen called and would like to speak to you on the phone sometime this 131 morning -- he declined to say about 223-6000, Ext. 610 (rather his secy.) 10:35 AM - Mr. Jurich/called and said he would like to see you before   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  what.  the 11:30 meeting at State on burden sharing this morning. She ;also said he said it would not be necessary for Mr. MacLaury to attendix the meeting.  - 2 -  Messages for Mr. Volcker  1:35 PM -  Jurich called. you0  November 16, 1970  He has one more point to discuss with  I gave him 4:15 PM.  ON CAL.  2:05 PM - Mr. MacLaury left Washington without inviting Mr. Geng to the luncheon for him by the Treasury Financing Group, and Nancy wondered whether you would do this.  The details:  1:00 pm on Thursday, November 19 -- at the Hay Adams. 2:20 PM - Dr. Alpher's office called about the Wednesday, April 21, appointment you had been given for your 6-month check-up. Since Dr. Alpher will not be working on Wednesdays, your appointment has been changed to 8:30 a.m. on April 190  XNYNIra Monday,  Cal. Noted.  3:30 PM - Mr. Hirschtritt said he had talked to you about the IMF Recreation Assn, financial problem and you thought it would be a good idea to have a meeting on this with Messrs. Petty Dale and Hirschtritt,  This has been set for 4:15 tomorrow.  3:45 PM - Mr. Geng would like to see you when there is a chance.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I told him you wanted to see Mr. Weidenbaum when you finished with your present group and Mr. Geng said his business wasn't urgent.  ,  .  Messages for Mr. Volcker  5:45 131`/P -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 3 -  November 16, 1970  Hayes called and said he had just arrived at his hotel in Washington and had hoped to catch you for five minutes on the phone before going to the Board. a newsman with you.  I explained you had  He said he might call you through the  Secy's operator later this evening if he gets a chance.  4  Messages for Mr. Volcker  - 1 -  Friday, November 13, 1970  9:25 AM - The Treasury Financing Group is taking Mr. Geng to lunch on Thursday, November 19, at 1:00 pm, at the Hay Adams Hotel, 800 - 16th St., N.W., and has invited you to join them. Your calendar is clear. ACCEPT REGRET (Arranged by Mrc MacLaury - 5848) 10:30 AM - Mrs. Lissance, social secretary to the German Ambassador Rolf Pauls, called to invite you to a stag dinner by the Ambassador on Thursday, December 3rd, at 8:00 PM, Black Tie  at 1900 Foxhall Road.  The guest of honor is Mr. Walter  Hesselbach, who is on the Board of the German bank, the Bank fur Gemeinwirtschaft.  I told her you had travel plans  for Europe for early December which were still uncertain and asked whether the response to the invitation might be held in abeyance until your trip arrangements are settled.  This  was all right, she said, and indicated that she would call again on Monday, November 23, for a possible answer. (Mrs. Lissance - 331-3205) 3:15 PM - Mr. Willis called.  He asked that his call be returned. (5334)  3:00 PM - Mr. Wittreich of Stone Webster Securities called -- said   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  it was personal -- and asked that you return his call. NY Operator 6 - 269-4214.  Messages for Mr c Volcker  - 2 -  ed. 2:15 PM- The Executive Secretariat call   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Thursday, November 12, 1970 The Secretary will not be  y, Nov. 13) until 9.30 am; returning to Washington tomorrow (Frida for Philadelia to Dr. Walker will be leaving at 8:30 a.mo return sometime in the afternoon. Friday meeting at 8:45 AM in Do you wish to hold the regular/Staff Room 4426? YES NO (Secretary's Operator to be informed.)  ste) ele,P.OP.W.WOMIrR,Vbe  - 1 -  Messages for Mr. Volcker NOTE:  ummwoWFA  November 12, 1970  Mr. Flanigan's office called to confirm the 5:30 mtg. on the Trade Bill this afternoon (on cal) and Mr. MacLaury has shifted the financing group mtg. from 5:30 this afternoon to 10:00 tomorrow morning.  On cal.  11:30 AM - The secretary to Charles Stahl, President of the Economic News Agency, and Publisher of Green's Commodity Market Comments, called.  He would like to talk with you concerning  South Africa's subterfuge for selling gold to the IMF.  She  shmui said you would be very interested in what Mr. Stahl has to say about South Africa.  (She mentioned the fact that  Mr. Stahl has talked with you before.) (Princeton, N.J. A.0  609-921-6894)  11:45 AM - Shirley Scheibla, Washington Editor of Barrons, called. Barrons is doing a front page on their next issue on gold and about the remarks a Common Market official, who is in the United States, is making abouUfthe devaluation of the dollar.  1:55 PM -  She said her deadline is today.  534-4231.  (She indicated she preferred talking with you.) Bpreau of Nancy Steinthal, of the National/Economic Research,Rounclatchonqc called to ask whether they might have a title for your speech you are making at their dinner meeting on tiR Wednesday Dec.2 evening/ They need it for their press release  •  0 / NYC MU-2-3190, Extengion 725. (Suggested title in th.6kletter / attached is revenue sharing. ) q  It I  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ON 11  MESSAGES FOR MR. VOLCKER  NOTE:  - 3 -  November 12, 1970  Donn Smith called today to say that Spanish Minister for Development Planning is coming to Washington and the Secy. is hosting a lunch for him in Secy's Dining Room on Tuesday, Nov. 17th. or in Paris.  Mr. Smith wondered if you were going to be here I said we didn't know yet.  He will recommend  to the Secy. in his memo on this that you be included if you are in Washington.  On cal.  6:30 PM - Sam Cross called and asked if you had called Kashiwagi yet.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I said not to my knowledge.  He said to remind you that  you planned to do so and added that there is a 14 hour difference in time between here and Tokyo 8:30 AM in Tokyo.  it is now  Messages for Mr. Volcker  -  1  -  Tuesday, November 10, 1970  9:55 AM - John Fox of AT&T called to make an appointment with you, if   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  possible for AT&T's Vice President, Ed Crosland (with whom you met on Friday, October 9th, in Mr. McCracken's office) on either Monday or Tuesday of next week, Nov, 16-17 9 to previous follow up on the/conversation. (He mentioned specifically matters relating to the market situation,/AT&T's earnings.) He said he would need only 20 minutes.  I told Mr, Fox that  there was the likelihood that you might be away from Washington on Monday and Tuesday (EPC-Paris), and that I couldn't give him an answer until the end of the week. NOTE:  You also have a 10:00 a.m0 meeting with Madison Hayth on Monday, Nov. 16 -- moved from 11:00 a.m0 and at 11:30 A.M, the meeting noted on your calendar arranged by Mr. Samuels on the forthcoming German and NATO offset burden sharing.  (Mr. Crosland spends only two days of each week in Washington and Mr. Fox was going to explore the possibility of another time if you are unable to see Mr, Crossland on either Monday or Tuesday,) Do you want to see Mr. Crosland?  YES  NO  If yes, shall I give him an appointment on Tuesday morning, N0v0 17 - which is all clear - should you not go to Paris? YES  NO  (Mr. John Fox - 466-5555)  OTHER  Messages for Mr Q Volcker  - 2 -  Tuesday, Nov. 10, 1970  11:30 AM - Miss Holland, George Shultz' secretary,called to extend an invitation to you and Mrs. Volcker fro m Mr. and Mrs. Shultz, to cocktails on Saturday, November 14 -- from 5:00 p.m. to 7:00 p.m. - at the Shultz residence, 2735 Fort Scott Drive, Arlington, Virginia -- to meet their guest, Professor George Stigler of the Department of Economics of the University of Chicago.  Your calendar is clear. ACCEPT  X:  REGRET  4.  (Miss Holland - 145 - 2753) 12:15 PM - Mr. Weidenbaum, at the Secret ary's request, is setting up a meeting to develop an economic outlook pre sentation -for 4:00 p,m., on Friday, November 13, in the Secretary's office, which you are invited to attend 9  XXXXMAXMONXII  with the Secretary, Dr. Walker and Mr. Weidenbaum.  CAL. NOTED.  (On your calendar from 2:30 PM - US. Con sultations with the Fund in Room 4426.) 4:10 PM - Joe Slevin called and asked to see you whenever you can spare him a little backgrounding time -no deadline. I gave him 10:30 on Thurs., Nov. 19. 5:15 PM - Mr. Cohen called and would app reciate your giving him a   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ring when you're out of the Consultation s.  He said he is  Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 3 -  November 10, 1970  in dire straits on the value added tax; it looks as though the Secy. won't be able to see him; Dr. Walker is flying to NY & won't be back until midnight; and Mr.Cohen feels the need tox consult with someone.  I asked if he would be  around for a while and he said Oh yes, he would probably be working until midnight,  5363  Messages for Mr, Volcker  -  1  Monday, November 9, 1970  -  9:15 AM - Tom Miles of Banking Magazine called on behalf of the Exchequer Club (of which he says Dr. Walker is a member), and which is a group of people from Federal regulatory agencies, news writing crowd, etc., which would like to - )have you talk informally, either on the record or off the \  (t ‘  record, on any subject  at their luncheon meeting on  Wednesday, November 18th, at the Carlton Hotel; reception ."  'N 12:00 M - 12:30 p.m., sit down at 12.30 p.m., and you would go on about 1:15 p.m0 to talk as long as you would like, The group would number about 40 people. I told Mr, Miles that you may be in Euppe on the 16th and 17th - and en route back on the 18th0  Also, there is the  possibility of the Life Insurance Assoc. Cmte, coming in for backgrounding on Wednesday morning, the 18th, with luncheon at 1.00 pm, Is to all right to regret?  YES  NO  OTHER -341°77 (Mr. Miles will call in sometime today, I told him I didn't know just /when I would have an answer for him.) 9:30 AM - Robert Solomon called. Gov. Daane had called him from London (Mr. Solomon) this morning - and he/would like to talk with you on the phone,  (147-238)  9:45 AM - Bill Weber called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (2615)  He asked that his call be returned,  November 9, 1970  - 2 -  Messages for Mr. Volcker  11:20 AM - Mary Harris called and said the Secy would like to have you sit in when he sees Sir Maurice Parsons at 3:00 this afternoon if you can.  I told her we had the cons;ultations  with the Fund going on from 2:30 on but I thought Mr. MacLaury could cover that for you.  Will note on cal.  11:45 AM - Mr. Flanigan called and would like you to call him when you are free.  (I offered to interrupt if it were urgent  but he said just to have you call.) 1:20 PM -Mr. Betts called.  He asked that his call be returned.  (5391) 1:25 PM - Bill Simon called from NYC.  V  He asked that the call be  returned at your convenience.  (I had told him that because  of your calendar today you might not be able to get back to him until tomorrow morning.)  NYC- 747-7026  2:30 PM - On behalf of Mrs. Kennedy, Rose Cicala has extended an invitation to Mrs. Volcker to a tea on Thursday, Nov. 19, at 3:30 p.m. - at the Blair House.  This is a tea given by  theTabinet" wives for the "top little Cabinet wives." T am sending Mrs. Volcker a note for her acceptance or regret.  -- (Rose Cicala - 2533)  3:00 PM - Mr. Roosa called and would like you to call him.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  483-1818.  NYC -  , t  Messages for Mr. Volcker  - 3 -  November 9, 1970  3:10 PM - Mr. Rossides returned your call and said town you he has a call in to Mr. 2-dbano, who is on a brief vacation in Florida and his other key aide is in California -- so he has a call in to Albano but has not yet been able to reach him --- hopes to do so later today or tomorrow and wants you to know he is on top of it but hasn't been able to get an an  4ee.6 fr it.  yet.  3:15 PM - Ed Cowan, of the New York Times, called from NY and said   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  he has been working in Canada for a while and is down visiting and expects to be in Washington on this coming Wednesday and Thursday and wondered if you might be able to give him a little time on one of those days -- he wants to talk about the Canadian dollar.  Thursday is pretty  filled up -- unless you don't spend much time in the Consultations.  Wednesday you'll be tied up in the wreath-  laying in the morning and are seeing Frazar Wilde in your office at 2:30, even though it is a Govt. holiday.  Would  you want to see Mr. Cowan on Wednesday at 3:30?  2:0091  YES C, A)Ctiv* NO  (NYC -556-1570 or, if no answer on that line, try 556-7415)  Messages for Mr. Volcker  - 4 -  Monday, November 9, 1970  3:20 PM - Harold Cameron, who said he had been a dealer with government   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  bonds in Canada - and knew you personally - called to say that he was in Washington this afternoon and will be here tomorrow - and wanted to talk with you on the phone about the government bond market. all afternoon.  I told him you would be in meetings  He said he would call again in the morning.  Will you talk with him, should he call again in the morning? YES  NO  Or, shall I refer his call to Mr. MacLaury?  Messages for Mr. Volcker  - 5 -  Monday, November 9, 1970  4:30 PM - Bruce Bradley of Mitchell Hutchins & Co. (a research firm in NYC)- had called Dr. Walker's office to request an appointment with him on Wednesday, November 11 -(which is a government holiday)- and Dr, Walker's secretary referred him to this office since Dr. Walker was not going to be back in Washington until Thursday, with the thought that you possibly would see him.  mr.  Bradley and one of his associates are interested  right now in the area of economic policy, particularly for monetary affairs - and the question of inflation, what the situation will be both in terms of cost-push inflation, near and long-term monetary policy -- the point of view of the Administration with respect to the economy for the next year, etc.  Mr. Bradley mentioned the fact that he is seeing Herbert  Stein at 11:00 a.m. on Wednesday, and Sidney Jones, an assistant to Mr, MacCracken at 10:00 a„m, -- Mr. Bradley said he had been ada an Administrative Assistant to Robert Ellsworth when he was in Congress; that he knew Dr, Walker, Mr. Beach and Mr. Webster.  ,/1  Ferguson, Dr. Walker's secretary  According to Blanche  Mr. Bradley comes in  periodically to talk with Dr. Walker °  Mr. Bradley indicated  he, hoped you might find time to see him either before 10:00 - Ore  a,m. on Wednesday - or at noon.  Since you will not be free  Other  because of the wreath-laying ceremony at Arlington Cemetery,  Phone :NYC-34 0700  is it all right to tell Mr. Bradley you will be unable to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  see him on Wednesday, Nov. 11?  YES  A  r'  NO  Messages for Mr. Volcker  - 1 -  November 6, 1970  3:05 PM - Mary Harris called and said there will be the usual 9:00 AM meeting in the Secy's office next Monday.  On cal.  3:10 PM - Mr. Cates called and said he would like to see you this afternoon, if possible, to discuss the Secy's trip to Canada and what the Secy. should say to Benson.  He said  John Petty's calendar is all tied up this afternoon and Mr. Petty suggested that Mr. Cates come directly to you on this.  I explained about the meeting at Labor and  suggested that we call him when you return. 3:30 PM - Bob Bethke called from New York.  8243  I told him you probably  would not return from your meeting until about 5:30 p.m. and he cancelled the call and said he would call again on Monday. 3:45 PM - Mr. Samuels has invited you to attend a meeting in the Under   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Secretary's Conference Room, Room 7219 at State, on Nov. 16, at 11:30 AM - to discuss the forthcoming offset burden sharing NATO) negotationV.erniannviredd I-r Treasury are Mr. Jurich and Mr.Bean; from State, Mr. Springsteen, Mr. Weintraub, et al; DOD, Messrs. Nutter, Morris and Koxvarish; Mr. Bergsten from the W.H. and Mr. Rideout from BOB. (I asked whether you could designate someone from Treasury to attend for you should you be unable to. cont'd/2  Messages for Mr, Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  James Nelson  - 2 -  Friday, Nov,6  the German Desk Officer at State  1970  said that it  would be all right for Mr. MacLaury to attend in your place.) (Mr. MacLaury advised.) On your calendar for Monday, Nov. 16: (1)  EPC to meet in Paris  (2) 11:00 AM, Madison Hayth of Morgan Stanley (with Bob Baldwin and Al Hockin) to see you, if you are here. NOTE:  I informed Miss Eichorn, Mr. Nelson's secretary, that you do have meetings in Paris on the 16th, and it may be that we won't have your answer on Mr. Samuels' meeting until sometime next week, Shall we say you will  will not  Mr. Samuels' meeting? (Miss Eichorn - State - 101 - 22155)  (CAL.NOTED.)  attend  Messages for Mr. Volcker  -  1  Thursday, November 5, 1970  -  9:35 AM - Mary Harris called again to inquire whether you would be free before 12:30 p.m. (whenever the Secretary returns from his Cabinet meeting).  He has also asked Mr. Petty to come in at the  same time -- to talk about the Inter -American Development Bank° I told her your calendar was clear y's 10:10 AM - Mr. Betts' office called again about lunch in the Secretar Dining Room, since you will be the only one Bixtim lunching there today.  (The Secret ry and a guest are having lunch in his  office; Dr. Walker has ot er luncheon plans; and others who might normally have lunch plans.)  Mrs. Miller said t  if you like.  cook would fix lunch just for you,  Shall we tell her you will have lunch in the Secy's Dining Room.  will not (Mrs  n the pining Room all have other  Miller - 5391)  11:15 AM - Rose Cicala called to say that she had received a call from   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Secretary Hodgson's office about the 3.15 P.M. meeting tomorrow on the Report of the Rural Development SubCommittee of the Domestic Council.  She was told that this would be a comprehen-  sive session and would last about two hours.  CAL. NOTED.  Messages for Mr. Volcker NOTE.  Wednesday, Nov.4,1970  You will be Acting Secretary on Friday, November 6. (Secretary Kennedy will be in Chicago; Dr. Walker in NYC0)fr The Secretary's Operator has inquired as to whether you  will  chair the Staff meeting at 8:45 a.m. (in Room 4426). 0 10 I  NO  3:50 PM - Mr. MacLaury has scheduled a strategy session on USIMF consultations at 11:00 AM on Monday, Nov. 9, in your office with Messrs. Partee, Solomon, Passer, Houthakker, Stein, Mann, Petty, Weidenbaum, MacLaury & Springborn. 3:55 PM - We have now arranged for the GSA Interior Decorator,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Miss Judy Osell, to come to your office at about 10:30 PM tomorrow, Thursday.  When she arrives, I will meet her  at the guard's desk and show her the two tables and then bring her to your office.  Miss Kitty Coleman would like  to be present when Miss Osell is here, if you have no objection, so she (Kitty) will know what follow-up to do,  Messages for Mr. Volcker  - 2 -  Wednesday, Nov. 4, 1970  4:45 PM - Mr. Jurich has asked to see you sometime tomorrow -- before   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the USC meeting on Security Assistance Organization which he is scheduled to attend on Friday and which he wants to talk Copy of with you about. VNSC-U/SM 78B relating to this meeting is attached.  I have given him 9:15 AM on Thursday (Nov. 5).  ON CAL,  •  Messages for Mr. Volcker  - 1  Tuesday, November 3, 1970  calendar for 3:15 p.m. 5:50 PM - Mr. Weidenbaum stopped by to check your   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  on Friday, November 6.  Secretary Hodgson of Labor is holding  ort of the a meeting of principals in his office on the "Rep il.." Rural Development SubCommittee of the Domestic Counc um all away With the Secretary, Dr c Walker and Mr. Weidenba ing be put on Friday, Mr. Weidenbaum has asked that this meet y on that on your calendar, since you will be Acting Secretar day.  Your calendar is clear.  ON CAL.  you on Mr c Weidenbaum and Mr. Joss are both free to brief Your the above at 3:00 p.m. tomorrow (Wednesday, Nov. 4.) calendar is clear.  ON CAL  Messages for Mr. Volcker  - 1 -  October 30, 1970  10:45 AM - Mary Monomack called and said Georges Plescoff, who's leaving as Finance Minister at the French Embassy, would like to come in and bring with him his successor, Marc Vienot, to pay a courtesy call on you, the Secy. and Mr. Mary said the Secy. would not  Petty on Nov. 3, 4, or 5. be able to receive them.  I suggested 3:30 on Tues., Nov. 3,  for you to see them and Mary will arrange for Mr. Petty to see them as soon as they have finished talking to you. 11:35 AM - Mr. Roosa called you; he'll be in his office for about an hour.  NYC - 483-1818  11:40 AM - Mr. Geng called and said a decision needs to be reached by about noon, at the latest, if you are to have a press briefing this afternoon -- otherwise there will not be time to line up a stenotypist and to alert the press. 11:45 AM-Mr. MacLaury and Mr. Nelson have asked to see you before lunch 01110  on the Dutch dollar gains  I have asked his secretary to  tell Mr. MacLaury that we will call him when your present visitors have left.  (5848)  11:50 AM-Hans Widenmann called from New York (as he had promised you he   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  would)o  He asked that his call be returned. (NYC -530-4297 or4298)  Messages for Mr. Volcker 2:45 FM - Mr. Houthakker called.  - 2 -  He asked that his call be returned.  (103 - 5046) 4:20 PM - Gov. Daane returned your call.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Friday, October 30, 1970  NOTE:  Thursday, October 29,1970  - 1  Messages for Mr. Volcker  there will The Secretary's Operator called to inform us that . be a Staff meeting in Room 4426 tomorrow moining (Friday)  9:10 AM  Mr0 MacLaury stopped by.  He asked for some time with you  this morning to chat about the IMF consultations. Mr.MacLaury I moved Mr. Willis up to 11:00 a.m. and have given ON CAL,  12:00 noon.  9:15 AM -Mr. Petty called.  He asked to see you at 10:30 this morning  He was told that you were out of the building;  - re OASIA.  rn but that I would put him down for 10:30 a.m., should you retu by then.  ON CAL.  9:30 AM - Leonard Dixon stopped by.  He is anxious to have your comments  on the nomination of Mr. Willis for the President's Award and would like to come in as early this morning as possible Friday, Oct. 30. to explain it to you -- in view of the deadline/. (He had hoped to get it to the Secretary before his departure this morning.  I checked with Mary Harris and learned that the  Secretary has already left Treasury - to  turn on Nov. 5.  Mr. Dixon was informed - and he is getting in touch with Mr. Betts for the proper handling.)  I told Mr. Dixon I would  let him know what you have arrived. (5607) -- Mr. Petty has cleared and approved. lunch in the Secretary's DiniT 9-45 AM - Mr0 Bett's office called about Room today. 4 )  A ,-,/, s- ,4:  r  You will be top man.  Is it all right to tell  s Dining Room? them that you will have lunch in the Secy'  , .,-.4  $  h w  b  Cr Y  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  YES  NO  (5391)  MESSAGES FOR MR. VOLCKER 4:30 PM - Gov. Daane called.  Thursday, October 29,1970  - 2 -  He asked that his call be returned.  (147-211) 5:35 PM - Mr, Willis called.  He said he needed to chat with you  tomorrow on a few things -- following up his meeting with you today.  I gave him 10:00 a.m. tomorrow (Friday, Oct. 30).  ON CAL, 5:40 PM - Nancy called and said Mr. MacLaury said Mr. Madison Haith, of Morgan Stanley, Bob Baldwin, former Under Secy. of the Navy, and Allen Hockin, formerly with Canadian Finance Ministry, wanted to come down from NYC and see you and also Dr. Walker on Monday, Nov. 16th.  Mr. MacLaury said  you might not go to EPC -- that you might send Mr. MacLaury -and to go ahead and schedule a meeting for the 16th and you could see the group if you were here and, if you were not, Mr. MacLaury would see them.  Nancy did not know what  they wanted to discuss but will try to find out.  I  suggested 11:00 AM on the 16th. 5:45 PM - Mr. McGhee of the Red Cross called and said they had   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  selected 11:00 AM on Monday, Nov, 30, for the meeting of the Board of the Endowment Fundc,  On cal.  Messages for Mr. Volcker  - 1 -  October 28, 1970  10:10 AM - Mr. Katz, of OFDI, called and would like to speak to you on the phone about the 1971 OFDI program.  183 - 7303  11:00 AM - Pete Nagan called and asked if you were in town or were in China or Siberia or somewhere la- if you were in town, he'd like to see you today or tomorrow.  I gave him 4:30  tomorrow. 11:15 AM - Peter Flanigan called you and asked that you call him when you are free. 11:45 AM - Mr. Beach stopped by and said the Secy. is leaving town   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  tomorrow at 10:00 AM and isn't expected back until Nov. 9th,  Therefore, Mr. Beach hoped you would talk to the  Secy. sometime today about the early December trip to Europe.  We've put you down to do this at 3:00 PM today.  Messages for Ivir  Volcker  Wednesda  October 28 197  1.30 PM - Mary Harris called to say that the Secretary's appointments were running late -- and she suggested that you come in to see him at 3:45 p.m. instead of 3:00 pm. this afternoon.  CAL,NOTED.  2:45 PM - Mr. Katz called again and would like to speak to you on the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  phone as soon as possible.  0FPI v/00.7.11404g  183 - 7303  Messages for Mr. Volcker 8:45 AM - Mary Harris called.  Tuesday, October 27,1970 The Secretary has asked that you attend  his meeting with Al Hayes (NYFED) in his office at 4:00 p.m. today.  Your calendar is clear.  CAL NOTED.  9:10 AM - Mr. Betts' office has been informed that you will have lunch in the Secretary's Dining Room today.  CAL, NOTED.  10:40 AM - Mr. MacLaury has informed us that your meeting with Asst. Postmaster Hargrove on POD refinancing plans has been changed  9:30   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  to 4:30 p.m. on Wednesday, Oct. 28 (from 4:00 p.m.). CAL.NOTED (Attending: Messrs.MacLaury, Geng, Snyder and Carlock.) AM - Mrs. Helen Wool of the Office of Private Resources, AID, called at the request of Mr. Marshall T. Mays, Director of Insurance (on a need-to-know basis, she said) ixxxoRRREtionlx the possibility of your for a copy of your bio -- in connection with/pataxxiataxdiNg appointment to the Board of Directors of the Overseas Private Investment Corporation -- along with Nathanial Samuels of State and Under Secretary of Commerce Sicilian° -having no formal statement as yet/a been made but the bio sketch is necessary for your introduction when the time comes. (Send to B-461, State Department Mrs.Helen Wool - 9-632-2796) first Your bio hasn't been updated since you/came to Treasury, I've asked Mr. Brumley to take a look at it.  The main  thing that is incorrect is the last sentence, which reads: "Their New Jersey residence is in Montclair,"  I've  particularly asked Mr. Brumley what we ought to do about this sentence.  Messages for Mr. Volcker  - 2  Tuesday, October 27, 1970  11:15 AM - Mr. McCracken's secretary called to invite you to attend a meeting of the U.S. delegation to EPC, at 10:00 a.m. in his office, Room 312, EOB -- on Thursday s, November 12. Your calendar is clear.  CAL. NOTED.  Invited also from Treasury - Mr. Willis and Mr. McCamey. Shall we say you will attend?  NO  YES  (103-5036) 11:30 AM - Mr. Murray Borowitz, President, International Conuercia   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Exchange, No. 2 Broadway, NYC, called.  He said there was  something which should be of interest to you concerning the gold coin regulations -- which he wanted to discuss with you on the phone or Egmmximxto make an appointment to come in to see you sometime tomorrow (Wednesday, Oct. 28). I have passed this call on to Mr. Wolfe touch with Mr. Borowitz.  who will get in  (NYC 695 2995).  Tuesday, October 27,1970 - 3 Messages for Mr Volcker Mr. 4:10 PM -/MacLaury stopped by to ask whether you might want to get together with him before you see Sam Revits of Merrill Lynch tomorrow morning at 10:30 a.m. about mortgage-backed bonds. Mr. MacLaury had sent you a memo on the subject the latter part of last week - and thought you might want to discuss this or the subject generally.  (5848)  4:40 PM - Chairman Burns' secretary has extended the invitation to lunch at the Fed tomorrow (Wednesday, Oct. 28) -- the Chairman will host.  Accompanying you would be Messrs. MacLaury, Geng,  Snyder, and Carlock or Cook. REGRET  ACCEPT (KatherineM-. 147-201)  3:50 PM - Mr. Carlock returned your call. 3:55 PM - Mr. Geng stopped by and said you had stopped by when he   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  was out,  He's available if you want him.  Monday, October 26, 1970  Messages for Mr. Volcker  - 1 -  12:10 PM - Mro Bethke called.  He said he has a new approach for the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  next cash operation to pick up attrition - and is anxious to talk with you before he leaves for Washington at 3:30 pm this afternoon.  (He is having dinner with Haas Widenmann  tonighte) (AC 212-943-4400)  Messages for Mr. Volcker NOTE: /e l ()  1 -  Friday, October 23, 1970  Henry Meers of White Weld & Co., Chicago, called late yesterday afternoon.  He asked that his call be retur  d. ,  (A.C. 312-346-0022 -- Call back operator 8:50 AM -  Chairman Secor Brawn, Civil Aevonautics Board called. asked that his call be returned.  9:45 AM -  Mr. Ross of FNMA called.  He  (128 - 6491)  He asked that his call be returned.  (293-6066) 10:00 AM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I have told Mr. Betts' off oe that you will have lunch in Secretary's Dining Itt  unless they hear to the contrary  I- fore 12:00 noon. Mr. Willis called to say that we should be receiving a copy of he will be making the President's speech/at the U. N. this afternoon sometime this morning from Mr. Kissinger's office.  Mr. Willis said  the speech was frozen - final - but wanted it flagged for your attention (for information) -- with copies for Mr. Petty and him.  •  Messages for Mr. Volcker  - 2 -  October 23, 1970  10:45 AM - Prof. Wallich called you from New Haven and would like you to call him.  A. C. 203 - 436-8390  12:55 PM - Mary Harris called and said the Secy. would like to invite   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you and Mrs. Volcker to be his guests on Tuesday night, Oct. 27th, at the International Horse Show, which starts at 7:45 PM.  The Secy. will be using the President's box --  business suit is appropriate -- and the Secy. already has as his guests Mr. and Mrs. J. Willard Marriott and Mrs. William Hewitt, whose husband is with the Deew,Company in Moline, Ill,  The Show will be at the Armory.  Cal. is clear  on night of Oct. 27th, except that Jimmy is scheduled to see Dr. Tzimas in NYC at 5:30 that day and I don't know for sure, although I assume, it involves Mrs. Volcker.  With respect  to the Horse Show, do you wish to: ACCEPT FOR BOTH ACCEPT FOR YOU & REGRET FOR MRS. VOLCKER REGRET FOR BOTH  Messages for Mr NOTE.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Volcker  3  Friday, October 24, 1970.  Your meeting on Arbitrage Bonds has been scheduled for 3:45 p.m. on Monday, October 26, in your office.  The  time has been checked with both Mr. Nathan and Mr, Flannigan and they are free to attend.  (Mr. Nathan has a 4:30 p.m.  meeting; Mr. Flanigan is leaving NYC at 2:30 p.m. and will come to the meeting from National.)  CAL. NOTED.  Is anyone else to be invited to the meeting? ^CV  1 •• "..-•••••••-••••••-•46....3,-;  Messages for Mr. Volcker  -  1  -  Thursday, October 22, 1970  9:45 AM - Miss van Arsdale of the Treasurer's office called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Mary Ann  Allin had told her that she thought you were interested in having one of the first sheets off the press with the new signature of the Treasurer (Kabis - recently remarried - for Elston).  The  sheet consists of 32 - $1 bills - and the numbers would continue (or start) in the millions, following the first issuance with the Elston signature rather than starting over again with low numbers.  The Secretary, Treasurer, possibly Dr. Walker - and  you, should you like a sheet, would make 4 sheets, which Miss van Arsdale was uncertain of getting from the Federal Reserve. (She was sure of one for the Secy0 and the Treasurer.) But if you are interested she'll see what she can do. Shall I tell her you would like a sheet? NOTE:  YES  NO  I justtalked with Mary Ann Allin who said the Secretary had said that you should have an opportunity to get a sheet if you would like one.  She indicated that in this  printing (with the nos0 in the millions rather than low), the new bill might not have any significance except for Mrs. Kabis.  She was going to call the Secretary's atten-  tion to this. (Miss van Arsdale - 2333)  - 2 Thursday, October 22,1970 Otto 10:00 AM - Miss Williams of Congressman/Passman's Office (La.), called Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  with a message from the Congressman that she wanted to give to you personally.  I asked whether it was urgent and whether I  might take it to pass on to you. reach Tom Wolfe,  She said she would try to  I talked with Mr. Wolfe.  given him the message.  Miss Williams had  The Congressman is going to be in Wash-  ington briefly today before departing for Europe and he wanted at 2:00 p.m. this afternoon to set up an appointment in his office/to discuss a very large supposed store of gold -- which Mr. Wolfe felt might have some validity.  He understands that because of the financing you  would be unable to meet with the Congressman at 2:00 p.m. today, with Mr. Betts and he/will see him. He will report on this discussion to you. Miss Williams - 180 - 2376 Mr. Wolfe - 5965  Messages for Mr. Volcker  October 22, 1970  - 3 -  11:30 AM - Frazar Wilde called you and talked to me when you were not available.  He plans to be in Washington on Wednesday,  November 11th, and has a luncheon engagement but is free between 10:00 and 12:00 and after 2:30 PM, and he would -  W  like to see you.  I told him Nov. 11th is Veterans Day -  a Government holiday - but said I would check this out with  you and be back to his secy, Mrs. Longcrier (A.C. 203 It  242-4422)  Your cal. is clear that day.  12:15 PM - Mary Harris called and said to ask you if you would like to represent the Secretary and the Treasury in a Veteran's day ceremony at Arlington Cemetery at 11:00 AM on November 11th. You would be a part of the Presidential wreath-laying party at the Tomb of the Unknown Soldier. the ceremony would last. ACCEPT  She didn't know how long  Cal. clear. )(  REGRET 12:35 PM - Miss Foyer at the French Embassy called to invite you and   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Mrs. Volcker to a black tie - long dress dinner the Ambassador is giving at 8:00 PM on Wed., Nov. 4, in honor of Paul Huvelin, Chrm. of the Patronat, the French Business Council, at the Residence. ACCEPT REGRET  Cal. clear.  (234-0990, Ext. 48)  Messages for Mr. Volcker 10:30 AM - Mr  Petty called.  -  1  Wednesday, October 21,1970  -  He said he and Mr. Cates need to see you  about Canada -- about 90 minutes -- and asked whether you were free from 11:30 a.m. to 1:00 p.m. on Friday, October 23. Your calendar is clear.  I told Mr. Petty's secretary that this  time was available -- but that I would confirm after you had been consulted. Is it all right to confirm 11:30 a.m. to 1.00 p.m. on Friday for Messrs. Petty and Cates?  YES  NO  (2522)  OTHER  1040 AM - FNMA called again about your attending their Board meeting in Miami.  I asked Miss Finley whether the Board would have its  quota of members attending - and she said they did have their 3/4 membership quota.  Her purpose in calling was to determine  at this point whether to send your book along with the others. If you weren't going, it would be kept fere. 10:45 AM - Chairman Burns called. NOTE:  (293-6072)  He asked that his call be returned.  The Secretary held his small staff meeting this morning; I told Mary Harris you weren't feeling well - and may be in this afternoon.  12:45 PM - Mr. Weed in Wieczorowski's office called and said to tell   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you the paper due from the Bank on 5-year financing should be in your office on Oct. 23rd or 24th (the 24th is Saturday) I passed this info, on to Messrs. MacLaury & Petty.  - 2 -  Messages for Mr. Volcker  Wednesday_, October 21,1970  e President and Economist of the I\1\L Vic , und Fre C. Wmc Dr. M 00 12:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Stock Exchange, called.  y He said he would like to see you ver  lunch, to chat specifically informally and privately, perhaps at advice. about IET, to seek your opinion and  He suggested the  rsday, November 5 for lunch; dates of Tuesday, November 3 and Thu ld like to visit with you or, if lunch is not possible, he wou in your office. 3 (election day) and Your calendar is dear on Nboth Novo November 5o Shall we arrange a luncheon meeting? Novo 3  Novo 5  NO  YES  64,  e  ointment for Dr. Freund Or do you prefer that we set up an app office? at a mutually convenient time in the OTHER (Dr. Freund -- A00O212-623-2110)  YES  NO  Jr  Messages for Mr. Volcker  - 3 -  Wednesday, October 21,1970  5:10 PM - Mr. MacLaury has rescheduled the Sam Revits (Merrill Lynch) appointment with you from 4:00 p.m. tomorrow (Thursday) to 10:30 AM on Wednesday, October 28 -- re mortgage-backed bonds. CAL. NOTED. 4:30 PM - Mr. Mackour stopped by to say that John Kirbyshire will be visiting Washington and has asked to see you sometime the afternoon of Mon., Nov. 9 (when Barre will be here & you have afternoon U.S. - IMF consultations) or on Tuesday, Nov. 10.  I suggested 11:00 AM on Nov. 10.  On cal.  5:10 PM - Rex Beach stopped by and said he would like to see you   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  sometime in the next couple of days on NATO.  I explained  your situation with the financing and all and said we'd give him a call when the decks were cleared.  ‘6,  Messages for Mr. Volcker Monday, October 19 9:30 AM - Mr, Mayo called.  - 1 -  Monday-Tues.,Oct. 19-20.  His call was transferred to Ed Snyder, when  he was told that both Mr. MacLaury and Mr, Geng were away, 10:30 AM - The Belgian Embassy called to inquire as to whether or not you might give them an answer to the Ambassadr's invitation to a stag dinner for the Belgian Min. of External Trade, Henry Fa0t, „a1.013.44+-, at 231f. Foxhall Road, at 8:00 PM on Monday, October 26. On your calendar for Monday evening, October 26: (1) 8:00 or 8:30 pm - Mr. and Mrs, Volcker invited to dinner for FNMA Directors and Wives by Mortgage Banks Assoc. -- in Miami Beach (2)  8:00 PM - Mr. and Mrs. Volcker invited to dinner by Hans Widenmann for Oliver Dawson of Buckmaster Moore of London -- at the Madison Hotel, 15th & M Sts., N.W.  Do you wish to ACCEPT?  REGRET?  the  invitation by the Belgian Ambassador Walter Loridan. (RSVP:  333-6900)4  1:00 PM - REMINDER from Mr, Liebling:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  finger once more -  "To tug on that string on your  you might consider as timely ammunition  that speech for the Secretary I recently drafted and, now again, the study on prices I did for Walker which was sent you on Friday, October 16."  Messages for Mr. Volcker  - 2 -  Monday-Tuesday, Oct. 19-201)70  3:15 PM - Miss Finley of Mr. Clifford's office, FNMA, call ed to ask whether you were going to attend the FNMA Board meeting on Tues day, October 27, at Miami Beach.  I told her you were away and that  we couldn't give her an answer until your return.  (293-6072)  Tuesday, October 20 9:45 AM - Robert Solomon's secretary called to extend an invi tation from Mr. and Mrs  Solomon to an, informal dinner to you and Mrs.Volcker  for 7:30 p.m. on Sunday, November 8th.  The dinner is being  given for Mr. and Mrs, Kirbyshire -- and will be at the Solomon home,  04i  Your calendar is clear,  Do you wish to ACCEPT?  REGRET? (RSVP:  147-238)  -- Mr. Solomon would like to talk with you after your return on Wednesday and asked that his call be returned . 9:50 AM - Frederick Deming called from New York. (His call was transferred to Mr. MacLaury.) Mr. Deming asked that his call be returned. (HA-2 - 1200) 1:00 PM - Murray Seeger of the Los Angeles Times called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He said he wanted  to chat with you over the phone -and asked that his call be returned.  (296-1440)  -  •  Messages for Mr. Volcker  - 1 -  Friday, October 16, 1970  3:20 PM - Mr. Mayo called from the Fed in Chicago. call be returned. NOTE:  He asked that his  (A.C. 312 - HA-7-2320)  Mr. Petty's office said the Secy is hosting a lunch for McNamara and Staats on Tues., Nov. 10, to discuss auditing of the intl. organizations and this is something you shodd attend. This is the week of U. S. - IMF consultations, but I understand you don't need to be present all the time.  3:40 PM - Mark Feer of K   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  On cal.  Loeb, called to ask for an appointment  for himself and Thomas Dewey of his firm to discuss Treasury's policy on agency financing either before or after lunch on Friday, Oct. 23. day.  They're seeing Mr. Geng at 10:00 AM that  Mr. Feer said there was no specific problem they  wanted to discuss.  Shall we schedule them to see you very  briefly after they see Mr. Geng, if you're available? ) 1()()  (NYC - 797-2083) YES NO  X  Messages for Mr. Volcker  - 1 -  Thurs-Fri, Oct. 15-16,1970  Thursday, October 15 11:30 AM - Sam Nakagama of Argus Research, NYC, called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He expects to  to be in Washington on Tuesday and Wednesday, October 27 and 28, and wondered if he could come in to see you and talk about the economic financial situation.  I told him there was  the possibility that you might be away on Tuesday, October 27 (FNMA Board meets in Miami Beach) and he said from his standpoint Wednesday, October 28, would be better). -- Mortgage Bankers Assoca 57th Annual Convention is scheduled in Miami Beach Monc-Weda, October 26-28. and Mr. Nakagama said he knew you personallyNmouWwould prefer to talk with you. Shall we give him a tentative time on should you be here?  YES  3i, October 28 NO  Refer him to (NYC:425-7500) It  0  (,  -- He did mention the fact that he would try to see Dr.Walker if you were not available.  NOTE:  Wednesday, October 14, 1970  1 -  Messages for Mr. Volcker  Accompanying you to the Fed lunch today will be Messrs. MacLaury, K.Malardi advised. Gov. Robertson is hosting and Snyder I Auten ,*aRsixbbtxxMagianoryxisxicoxmitggitsicxemexnustxR;Ix Mr. Geng is leaving for New Hampshire at 12:45 pm; Mr. Weidenbaum is not in today; Messrs. Carlock and Cook not free for lunch.  9:40 AM - Mr. Petty would like to see you  fairly urgent  about IDB  presidency. (2522) She thought you  10:05 AM - Jane Atkinson, Mr. Willis' secretary called. had spoken with Mr. Willis last night  but, if not, he has  told her that he is tentatively planning to have services at 8:00 p.m. at Gawler Funeral Home, Wisconsin & Harrison St.,N.W. on Friday evwning, October 16, (beyond Sears on Wisconsin Avenue)/and that burial will be in (leaving on Saturday) Kansas/where his father is buried. Mr. Willis is going to remain in Kansas for several days next week. 11:00 AM - Mr. Lynn of Commerce called. returned.  He asked that his call be  (189-4772)  11:15 AM_- Emil Pattberg, First Boston Corp., called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  call be returned.  He asked that his  (He is leaving his office for a luncheon at  12:05 p.m. to return about 2:30 p.m.). back operator No. 6.  NYC-344-1529 -- Call  Messages for Mr. Volcker  1  Tuesday, October 13,1970  nd you to call Alan Holmes about 9:30 AM - Mr. MacLaury called to remi his seeing Steve Francis. 9:40 AM - Gov. Daane called.  He asked that his call be returned.  (147-211) have his people bring around 9:45 AM - Mr. Wdde called and wanted to David star who Janssen to meet you. Mr. Janssen is a TV / x1 built around a has agreed to star in a two-hour movie 's concern smuggling episode to publicize the Treasury in stopping smuggling and drug use.  They are taking Mr.  officials to give Janssen around to meet the top Treasury to impress on him him some flavor of the Treasury and also place on stopping the importance the top Treasury people drug use.  Our Information people do not try to make  Mr. Janssen around -appointments with our officials to bring chance of catching they just stop around with him on the the officials in.  I give you this background in case they  you in. bring him around again later on and catch NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  28, when he could Mr. MacLaury asked for a time on Wed., Oct. of the POD to meet with arrange an appointment for Mr. Hargrove ce financing. you & other financing people on Post Offi  I  that, if you do go suggested 4:00 PM that day on the theory day, you will be to Miami for FNMA Board on the preceding back on Wednesday,  Messages for Mr. Volcker  - 2 -  Tuesday, October 13, 1970  3:15 PM - Mr. MacLaury's office called to advise that the slide show and backgrounding of the Life Insurance Association Committee has been moved from November 2 to November 20. ing at 11:00 a.m.  MI MP  (Background-  after slides at 10:00 a.m.; reception  and luncheon by the Committee at 12:30 p.m. and 1:00 p.m., respectively. office.)  --  details to be provided by Mr. MacLaury's  CAL. NOTED.  3:35 PM - Mr. Flanigan called and said to tell you the fidministration does support the loan proposed by Secy. Volpe. 3:40 PM - Don Webster asked to see you at 10:30 tomorrow morning for about 15 minutes about the Export Credit Group meeting at OECD next week.  Mr. Webster had understood that you had  said you thought we should review our entire policy in this exercise; if that is the case, we need to move quickly to postpone next week's meeting and Mr. Webster needstto clarify what your wishes are.  Your cal. is clear at 10:30 tomorrow  so I have put him down to see you then. NOTE:  Messrs. MacLaury and Geng would like to see you as soon as your 4:00 PM meeting is over.  4:00 PM - Mr. Roosa called and would like you to call him when you get a chance.  NYC - 483-1818  4:40 PM - Mr. Lynn at Commerce called & would like you to call him.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  189 - 4772  •  Messages for Mr. Volcker  - 3 -  Tuesday, October 13, 1970  4:05 PM - Mr. Geng has rescheduled the slides and backgrounding for the Savings & Loan Committee from October 30, to December 16.  Your calendar is presently clear.  Wednesday, (Mr. Geng  says the Secretary and Dr. Walker -- also Mr. MacLaury  ,•••  will be here. He is aware that you might be attending meetin Europe ings/about that time of the month, should Wp-a or G-10 mtgs. be scheduled for December.) CAL. NOTED. 12:30 pm 11:00 AM backgrounding;i4OMIX4KAK reception and 1:00pm lunch by Savings and Loan Cmte.  Details to be provided.  6:25 PM - Inspector General Hirschtritt craves to see you briefly tomorrow. 6:30 PM - Mr. Widman called and said he had sent you a draft memo to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the President on the Copenhagen meetings.  He wondered  whether you had given up the idea of sending such a memo.  Messages for Mr  - 1 -  Volcker  Monday, October 12  1970  office has lined up the s rr' Kno . Mr x ta xa 8E of n 9:30 AM - Millie Griffi Mr. Knorr on the Hill today and you r fo nts tme oin app following (DISC): (1)  ms -- Room 2213, NSOB ia ll Wi n Joh r ato Sen pm 12-30  (2)  sen -- Room 3107, NSOB Han rd ffo Cli r ato Sen pm 1:30  (3)  -- Room 437, OSOB 2:15 pm - Senator Len Jordan  tes  ,7-C  (4)  s -- Room 5313, NSOB 3:De pm - Senator CarLCurti  NOTE:  Secretaries are being sworn The gliduxx8 four Assistant led Senator Curtis' in at 3:00 p.m, today -- and I cal Senator would be free office to determine whether the could see you then rather he r the whe 0 and p.m 30 3: at than at 3:00 p.m. woxidxmmtxmakR  it His appointment secretary said  , if he would be available at 3:30 p.m  the time were better for you. change the time for Shall I ask Mr. Knorr's office to  3Ie/S  rmo so that you 3:30 ! Senator Curtis from 3:00 p.m. to Room 4121 in Treasury this can attend the swearing-in in afternoon?  YES  NO  Let the 3:00 p.m, stay ng Room led to say that the Secy's. Dini cal ce fi of s' tt Be Mr, 9:10 AM today. above appointments' is it all is open/103mm. In view of the 1 14 \14A will not have lunch in the Secy's (1)1you t tha m the l tel to t gh ri i Ar fTs (5391) NO S YE ? om Ro Dining  1  Vt  /  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  NOTE:  Monday. October 12  - 2 -  Messages for Mr. Volcker  1970  meetings on the Hill with you Mr. Nolan will be attending the ; except apmai5b1ot Sen.Curtis mtg. at this afternoon (for Mr. Cohen) 3:45 for which Mr. Cohen will be back. tis has been changed from The appointment fox with Senator Cur 3:00 p.m. to 3:45 p.m. - CAL. NOTED.  s. Aldewereld, Weiczorowski, John ssr (Me up gro k Ban ld Wor The AM 10:10 you has been shifted to 4:45 pm. Adler, Rothberg) meeting with CAL. NOTED. informed us that the reception and has ice off s ry' Lau Mac Mr. AM 10:20 Committee on Monday, luncheon by the Life Ins. Association 1:00 p.m., respectively, November 2, will be at 12:30 p.m. and el. in the Ohio Room of the Statler Hot (NOTE:  CAL. NOTED.  of the Petty and MacLaury have both been advised  Messrs  ,) change in time for the Aldewered, et al mtge a meeting for you with 1:45 PM - Congressional Liaison has set up for 9:30 AM tomorrow, (Tuesday) Paul Senator/Fannin in Room 140, Old Senate Office Bldg./(1st & C St. Entrance closest). accompany you.  Either Mr. Cohen or Mr. Nolan will  (ON CAL.)  Millie called later & said they  have switched Fannin had lined up Sen. Fulbright for 9:30 so to 9:00 AM.  On cal.  3:20 PM - Gov. Daane called you. pped by -- Mr. MacLaury said 435 PM - Mr. MacLaury with Mr, Francis sto   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Francis would go on that since you had not returned, he and Mr. in to see the Secretary.  Messages for Mr. Volcker  - 3 -  October 12, 1970  6:05 PM - Mr. Dale called and asked if he and Mr. Nelson might see you for about half an hour tomorrow morning on gold mitigation. Suggested 12:15 PM.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 1 -  Messages for Mr. Volcker  October 9, 1970  going to be hard to 11:30 AM - Frank Morris called and said he was Hill, said reach after today and, since you were on the to tell you the following.  He was wondering what your plans  ally, Joy and were after the Bald Peak conference -- specific thought he have a little house in New Hampshire and they night at their they might drive over there and spend Friday Mrs. Volcker house and they were wondering whether you and might want to join them.  They plan on driving back to  Boston on Saturday. was talking to Secondly, on a replacement for Mr. Geng, he t threw the John Karaken in Minneapolis last week and jus might be subject at John and Mr. Morris thinks Karaken interested. scheduled a meeting 12:50 PM - Mr. Cohen called and said they have   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  had indicated at 5:00 PM today with Senator Long and you take 45 you thought your 4:00 o'clock meeting might only up with you minutes, so Mr. Cohen wondered if he could ride to see Long.  I told him I thought it would be safer if  for you, he planned to go on from here, rather than wait in case you get held up in the A. T. & T. meeting.  Messages for Mr. Volcker  - 2 -  October 9, 1970  2:30 PM - The office of the Belgian Ambassador, Walter Loridan, called to invite you to a stag informal dinner the Amba ssador is giving in honor of the Belgian Minister of External Trade, Henry Mr./Fayat, at 8:00 PM on Monday, Oct. 26, at 2300 Foxhall Rd. You and Mrs. Volcker are already invited to the dinner for FNMA Directors and wives by the Mortgage Bankers in Miami that night and also to dinner by Hans Widenmann for Oliver Dawson, of London.  I also understand from Mr. Finkel's memo (which  is in your in box material which you haven't yet seen ) that you may make a trip to South America on the debt problem, lasting the better part of two weeks -- and I've indi cated that, unless you want to put this trip off for some time, the weeks of Oct. 26 and Nov. 2 might be best. to the Belgian invitation do you wish to:  With respect  (333-6900)  ACCEPT REGRET 3:50 PM - Lorraine asked if your cal. were clear at 4:00 PM, after your press backgrounder on the refunding, on Thurs., Oct. 22. said it was.  I  She said Mr. MacLaury would then schedule Sam  Revits, of Merrill Lynch, to see you then -- Mr. Revi ts wants to discuss mortgage backed bonds.  On cal.  4:00 PM - Mr. McCamey called to ask if you would have any time next   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Tues. afternoon for WP-3 del. mtg. On cal.  I suggested 4:00 PM.  - 3 -  Messages for Mr. Volcker  October 9, 1970  5:40 PM - Gov. Daane called and wanted to report to you what happened at the Raleigh meeting this morning.  He said Roy Reierson  was summarizing the events at the conference and, instead of giving a summary of the participants views, he gave Reierson's views, which were the opposite of everyone else's. with Milton Gilbert, etc.  He agrees  I mentioned that you were going  to Miami tomorrow night to speak to the ABA Savings Bonds Cmte. and were probably also going to participate in the meeting of Reierson's Economic Policy Cmte. which was going to try to arrive at a policy statement for the ABA to issue on flexible exchange rates.  Gov. Daane suggested you call him  sometime becdore you leave for Miami so he can fill you in. 6:00 PM - Nancy Lammerding in Protocol at State called to invite you to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  a reception that Nat Samuels is hosting at 7:00 PM on Thurs., Oct. 15, in the John Quincy Adams Rm. at State, in honor of the German EC Cmr. Rolf Dahrendorf -- and also to a 1:00 o'clock luncheon the following day at Blair House for the same man. Your cal. is clear on both occasions.  I tried to get Mr.  Rendall to check on what this is all about but he had already left for the day. wish to:  Shall I check with him on Monday, or do you  (632-0622) ACCEPT REGRET  •  Messages for Mr. Volcker  -  1  •-  October 8, 1970  9:45 AM - Mr. Jurich would like to see on you a NATO matter  •••  said  it was "medium urgent" -- he understands you'll be tied up tomorrow morning and it may not be until sometime in late afternoon.  I said we'd call him when decks were cleared.  5264 10:10 AM - Mr. Hirschtritt wanted to see you today and put in a reauest for tomorrow when told you were out of town today.  Told his  secy. we'd call when you got free tomorrow afternoon. NOTE:  Mr. Geng asked to set up a fairly long session with you of the financing group tomorrow as early as possible.  Since yodre  chairthng Secy's staff at 8:45 and have to be at the Interdepartmental Auditorium at 9:45 AM for Treasury Awards, which will last about an hour and a half, he is scheduling the financing group for 11:30 AM. NOTE:  On cal.  Lorraine said you, Mr. MacLaury and Steve Francis are scheduled to see the Secy. at 3:30 on Tuesday, Oct. 13.  NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  On cal.  Mr. Dixon stopped by and said the four Depy. Asst. Secys for Intl. Affairs are to be sworn in simultaneously at 3:00 PM Monday, Oct. 12.  They have Secy. scheduled to hold the bible  and Mr. Petty to swear them in but would like you in reserve to hold the bible in case the Secy. can't make it.  He said  someone is drafting introductory remarks for Secy (or you, if you have to do) and each of the Depys will speak briefly after they have been sworn in.  Messages for Mr. Volcker  - 2 -  Thursday, October 8, 1970  ormed us that the Secretary's Dining inf has ice off ts' Bet Mr. PM 0 1:0 cook is sick. CAL. NOTED. Room will be closed tomorrow. The led to advise you of a meeting he 2:30 PM --Mr. Flanigan's office cal ernoon, in the Cabinet Room has arranged for 5:45 pm this aft trade bill hearings at the White House, to discuss the tomorrow.  s, Carl Attending also will be Messrs. Samuel  , Hodgson, Bergsten and Gilbert, Siciliano, Hardin, McCracken Flanigan.  l him thay I asked Mr. Flanigan's secretary to tel  be returning about you were in gaiifEtx Raleigh and would all right for 6:00 p.m. and to ask whether it would be n the meeting after your Mr. Petty to attend and you would joi return to Washington.  This was all right with Mr. Flanigan  the meeting and will attend. and Mr. Petty has been advised of CAL. NOTED. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  able to see Mr. Steve It developed that Secy. would not be as Mary had originally Francis on Tues., Oct. 13, at 3:30, 4:30 on Monday, Oct. 12th. scheduled and she suggested instead ewereld, V.P. of the World Mr. MacLaury knows you have Mr. Ald see you on Monday at 4:00 Bank, and Wieczorowski coming in to hour and a half but said and that this will last an hour to an ary for you to be present when ess nec be not ld wou it t ugh tho he take him in and MacLaury, can/introduce him. he, and y Sec the s see s nci Fra Mr.  Messages for Mr. Volcker  - 3 -  October 7, 1970  3:45 PM - Mr. Higgenbotham at the ABA called and said there is one next Sunday other happening in Miami/during their Convention that might   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  be of interest to you in addition to the ABA Savings Bonds Cmte.  Their Economic Policy Cmte., Chaired by Roy Reierson,  is going to meet at 2:00 PM on Sunday at the Doral Hotel tS discuss flexible exchange rates and to try to arrive at some decisions as to an ABA policy statement on flexible exchange rates, and you would be most welcome to attend and participate.  You would not ) be asked to speak -- they already  have a speaker lined up -- Dr. Frank Deastlov, of York Univ. in Toronto, who has been studying the subject for some time. He will talk for about 30 minutes and then the meeting will be open for discussion and they would be glad to have you participate in the discussion.  I have told Mr. Willis about  this and he is going to see what he can find out about Dr. Deastlov.  - 4 -  Messages for Mr. Volcker NOTE:  October 8, 1970  We've arranged for Mr. MacLaury to sit on the platform in your stead at the Treasury Award ceremonies tomorrow morning. I told Judge Pierce you had to testify on the trade bill at 10:00 in the morning and might find it difficult to chair the staff meeting at 8:45 tomorrow morning and asked if he would mind chairing this in your stead if you found yourself pressed for time. him know.  He said he would be glad to and just let  Shall I get word to him you'd appreciate his chairing? YES NO  NOTE: Mr. Wieczorowski asked who would you like to have as a regular   http://fraser.stlouisfed.org/ Nimmour Federal Reserve Bank of St. Louis  's chief staff staff contact with John Adler, Sir Denis Rickett 2 man on the debt problem.  Messages for Mr. Volcker  1 -  Wednesday, October 7, 1970 '  9:15 AM - The Fed lunch has been arranged for 12:30 p.m. today.  Accord-  ing to Katherine Malardi of Chairman Burns' office, both Chairman Burns and Governor Robertson will attend; the Chairman will have to keave at 1:15 p.m.  Accompanying you will be  Messrs. MacLaury, Geng, Snyder and Cook.  The car will be stand-  ing by at 12:20 p.m. - cal. noted. 9:30 AM - Mrs. Volcker called.  She asked if you knew that Secor Bvowne  had gotten married again.  She just received the announcement.  9:35 AM - Mr. MacCracken's secretary called about the draft of his speech which had been sent to you for comments yesterda y.  She said  they were ready to finalize it, and Mr. McCracke n wondered whether you had any comments to incorporate in it. 9:37 AM - Bob Rivet, Chase Manhattan, called. returned.  He asked that his call be  (NYC- 552-4343)  9:38 AM - Mr. Weber stopped by.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (103-5936)  He asked whether you might have a minuted  for him on the telephone this morning.  (261501  Messages for Mr. Volcker  - 2 -  October 7, 1970  12:45 PM - Secy's Operator called & said Secy's Staf f was cancelled for Friday morning. 12:50 PM - Bob Bethke called you and I had to go off the phone to answer another call; when I got back the line was dead. 12:00 M  - Gene Knorr stopped by to thank you and give you the message that "we won."  2:20 FM -  Mr. Petty called.  He would like to talk with you this after-  noon before you leave for Raleigh. NOTE:  (2522)  Mr. Weber will stop by at about 5:0 0 p.m. to ride to National with you.  2:30 FM - Mr. Geng stopped by.  He needs to see you before you leave  for National this afternoon.  (5806)  3:05 PM - Mr. Preeg, of State, called to say there will be an NSC   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Under Secy'sCkite. mtg. at 11:00 AM on Monday, Oct. 12, in the Under Secy's Conference Rm., 7219, at State, on EC enlargement.  He said we would ;be informed of papers to be  circulated later on.  He said this was the same group, chaired  by Mr. Samuels, that you and Mr. Pettjtkan, or Mr. Pett y and Mr. Pelikan, have attended in the past. and I've noted on cal.  Your cal. is clear  I am trying to reach Mr. Pelikan to  find out what it is all about.  Messages for Mr. Volcker  _ 3 _  Wednesday, October 7, 1970  4:30 PM - Bob Bethke of Discount Corporation called.  He said he hoped  to talk with you before you got away this afternoon.  Expects  to be at his desk about 15 more minutes (until about 4:45 pm) and asked that you return his call if you have a free minute. (NYC- 943-4400) 4:40 PM - Nat Samuels called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  if possible.  He would like a quick word with you,  101-20410L  Messages for Mk. Volcker  _ 3 -  October 7, 1970  3:45 PM - Mk. Higgenbotham at the ABA called and said there is one next Sunday other happening in Miami/during their Convention that might   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  be of interest to you in addition to the tBA Savings Bonds Cmte.  Their Economic Policy Cmte., Chaired by Roy Reierson,  is going to meet at 2:00 PM on Sunday at the Doral Hotel to discuss flexible exchange rates and to try to arrive at some decisions as to an ABA policy statement on flexible exchange rates, and you would be most welcome to attend and participate.  You would noteebe asked to speak -- they already  have a speaker lined up -- Dr. Frank Deastlav, of York Univ. in Toronto, who has been studying the subject for some time. He will talk for about 30 minutes and then the meeting will be open for discussion and they would be glad to have you participate in the discussion.  I have told Mk. Willis about  this and he is going to see what he can find out about Dr. Deastlov.  Messages for Mr. Volcker  - 1 -  Tuesday, October 6, 1970  9:30 PM - Jdom Stephens of Personnel called to ask whether you will be attend the Treasury's 7th Annual Awards Ceremony in the Interdepartmental Auditorium as the Secretary's guest (to sit on the platform).  He is preparing a scenario for the  seating arrangement - which will need to be changed should you ask Mr. MacLaury to attend for you.  This is at 9:45 am  on Friday, October 9th. Your calendar is clear -- RxeRptxlEmxtkExpossibilityxofxygmx spmakiNg.  Shall we inform him that you will attend?  YES  NO  (2425)  11:45 NM - Mr. Rivel, Chase Manhattan,called. be returned. 4:30 PM -  Mr  He asked that his call  NYC- 552-4343.  Weidenbaum would like to see you when the Volcker Group  meeting is over.(2551) 3:35 PM - Mr. Schoellkopf called and said he was returning your call of 3:15. him.)  (Pearl said so far as she knew you hadn't called  He said he would be in his office until 6:00 or  6:30 and would be there tomorrow as well.  NYC - 552-4372  3:45 PM - Dr. Burns' office called to ask about lunch tomorrow.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I said I thought you would probably want to come but had to be at a meeting in Romney's office at 2:00; she said Burns had been invited but had to leave shortly after 1:00 on a trip and Axelrod was going in his stead.  She  - 2 -  Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  October 6, 1979  suggested maybe they could have the lunch at 12:30. I said that sounded good to me and I'd check with you. Mr. Geng said he'd like to have lunch at the Fed and Mr. MacLaury will be back. YES NO  OK to arrange for 12:30?  Monday, October 5, 1970  - 1 -  Messages for Mr. Volcker  ed us that you are Acting Secretary orm inf has 0 Sec c. Exe The AM 9:10 urned from his trip; today. (The Secntary has not yet ret Dr. Walker is in Hershey, Pa.) 9:20 AM - Mr. Dale called.  CAL. NOTEQ  1-3067) He asked that his call be returned. (18  us that whether or not the Secretary's 9:30 AM - Mr. Betts' office informs people is available; (Only Mr.Cohen of the top l depend on you/. (5391) Dining Room is open for lunch today wil Pres. Watanabe -Mr c Petty is hosting a luncheon for ADB at 1:30 p.m. -cocktails at 1:00 p.m.; sit down lunch itol Hill Hotel today. (with a group of Congressmen) at the Cap E. -- in the Kingston Rm - Rooms 207-208 -- at 301 - 1st St.,N. rr, Kno Mr. I have asked You are on the guest list for Treasury.  *NOTE.  for the list of other who is helping to arrange this luncheon, Treasury people who will attend. --  at 12:00 noon today You are scheduled to attend a meeting ice, Room 312,E0B. with AT&T Reps. -- in Mr. McCrakcen's off  Lunch in Secy's Dining Room?  NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  YES  NO  NO el? YES Mr. Petty's luncheon at Capitol Hill Hot (2038) evening and the rest of the -- Mr. Coleman will be your driver this dimitkxix death in family. .-N.J in be l wil row Mor Mr. k. wee Treasury Mr. Knorr's office, the guest list from  *-- Acconing to  srs. Betts and includes you, Mr. Petty (and possibly Mes Hennessey). Congress: Cero  ., Sen. Fulbright has accepted; as have the s_taff-L kr,,,N.P,trS. 1/tiv? ! people, Messrs. Orm Fink and Don Henderson have Sen. Aiken and Fong have regretted; as Passman & atman;MgfffeRot Congressmen Patman, Widnalli aad=ffit  Messages for Mr. Volcker REMINDER:  October 5, 1970  - 2 -  Call lady in Dr. Tjimas' office re appt.  NYC - Oregon 9-3200,  Ext. 3151 NOTE:  Mr. Brachfeld, of Salomon Bros. called late Friday to invite you to the dinner meeting of the Assn. of U. S. Govt. Agency Traders, at which Preston Martin will speak, at the 21 Club in NYC on Friday, October 30 - cocktails at 5:30 and dinner at 7:00.  He said Messrs. MacLaury and Geng are planning to  attend and they expect the affair to be over in time to catch senior the EA Shuttle back to Washington. He said most of the/people in the Govt. bond business will be there.  Cal. clear.  (NYC - 747-7029) ACCEPT REGRET  K  10:35 AM - Mr. Brumley stopped by and asked if your cal. were clear at 11:00 AM tomorrow and, when I said it was, he said they'd like you to help brief the Secy. for his Natl. Press Club speech and the Q & A period in Secy's office at that time. On cal. 10:40 AM - MroUrfer, Director of the Office of Foreign Direct Investments,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Commerce, called. (183 - 7327)  He asked that his call be returned.  Messages for Mr. Volcker  October 5, 1970  - 3 -  12:00 M - Mary Harris called and said the Vice President's office had   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  called and said the Greek Minister of Commerce, Spiro Zappas, would be in Washington Oct. 19th to the 22nd and would like to pay a courtesy call on the Secy.  They said the reason  they were making the appt. thru the Vice President's office was because they did not have a good contact in Treasury. Mary Harris would like your judgment as to whether there is any reason why the Secy. should not see Zappas and, if the Secy. is to see him, whether there are any issues that are likely to be raised by Zappas.  I checked with Jerry Newman  in Widman's office, who handles Greece, and he said they had gotten word that Zappas had requested an appointment with Secy. Kennedy thru Commerce and Mr. Newman had suggested that the request for such appointment be funnelled thru Matthew Marks, since the only issue that was likely to arise was the question of a countervailing duty on Greek tomato products, which Mr  Marks has been handling.  Mr. Newman said Treasury  had been asked not to do anything on this issue until the Minister came to Washington because the Minister might want to discuss it with the Secy.  Mr. Newman thinks an agreement  has since been reached with the Greeks on this matter, though not yet finalized because of the Minister's request.  Mr.  Newman said he would alert Mr. Marks to the request for an  October 5, 1970  - 4 -  Messages for Mr. Volcker  drafting a briefing paper appointment and ask him to start for the Secy. you're would like to see you when and led cal eld dfi Bra 4:20 PM - Mike free.  8101  4:15 PM - Mr. Nelson called.  r meeting He would like to see you when you  tion with IMF quota increases is over this afternoon in connec (k%), etc. and about charges on gold sales NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (2884)  m in advance of their The ABA does not mail out a progra Annual Convention. happenings.  n on I called and got a general rundow  ative Cmte. meets. On Friday, Oct. 10, the Administr  for a session on urban affairs. Saturday is generally free except s meet. On Sunday, the various Committee Divisions (e.g. Trust Div.) meet. the two General Sessions.  On Monday, the various  On Tuesday, there will be  At one of these Sessions, Gerald  nkite will have a forum on Ford, Hale Boggs, and Walter Kro er session, the Atty. General oth the at s; ter mat l ona ssi gre Con is the main speaker.  orrow They're going to call me back tom  else of interest going on ng thi any is re the if w kno me and let te in. on Sunday that you might participa  (I haven't committed  ing to give you some rundown yolito going; I just said I was try ful.) on what you might do that would be use  Messages for Mr. Volcker  5 -  October 5, 1970  5:35 PM - Gov. Daane called and said he wanted to read you the last couple of pages of Milton Gilbert's speech that he is gdhg to make in Raleigh, which Gov. Daane must comment on. He said he'd send you over a copy in the morning but, in the meantime, read part to me:  "The U. S. had the soveriegn  right to go to the IMF any day and ask concurrence for a change in the existing onerous parity of the dollar just like any other country, and, as I have explained at some length in other studies, this would initiate a readjustment process that would soon get us out of our difficulty.  Of  course we have to stop inflation, etc., but the basic step of a change in the dollar-gold parity is an initial condition for re-establishing equilibrium in the system. the U. S. exercise its soveriegn right the answer is so mysterious and unknown.  Why does not  It is not because Perhaps pride and  self-service play a role, but I think most important is it requires an act of Congress and nobody knows how to get the Congress to act. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  • •  •  Mrs. Volcker wanted a carton of cigarettes and there was only a little small change in petty cash so I paid for them.  You  owe me $2.88 -- and we'd better have some more money for petty cash.  Messages for Mr. Volcker  October 2, 1970  - 1 -  9:50 AM - Mr. Dillon Glendinning, Asst. Treasurer of Mobil Oil, called   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  from NY and said he and his associate, Mr. Siebold, would like to talk to you about a fairly confidential matter -a gold clause which is proposed to be included in a pipe line agreement in Egypt.  He said the project was known to  the State Dept., but they wanted to talk to you about it. His number in NYC is 883-2644. I tried to reach Sam Cross, who was on leave today & Monday, and talked to Mr. Gordon  who checked with State and was  told by the fellow he talked to, who knew quite a bit about the oil situation in Egypt because he had been stationed there, said there were two possible things:  (1)  Mobil's ordinary  operations in Egypt are mostly in marketing operations which they have been carrying on for years and have been piling up profits in Egypt which they have been unable to convert because the Egyptian Government would not permit it because of their B/P situation.  (2)  The Egyptians are trying to  get a pipe line installed running from the Red Sea to the Mediterranean, parallel to the Suez Canal, to move oil and eliminate the long shipping routes.  Mobil may be a potential  user of the pipe line and it may be the contract which Mobil would make with the pipe line company to use the pipe line might include a gold clause which would cover the payments  a  Messages for Mr. Volcker  - a -  October 2, 1970  Mobil would make to Egypt for use of the pipe line; i e., Egypt may have asked for a gold clause. While I was waiting to hear from Mr. Gordon, I checked with Page Nelson to see if he knew anything about this. He did not but said I might check with Mike Bradfield, because most gold clauses involved a legal question. After getting Mr. GordoA l s report, I talked to Mike, who said he knew nothing about the Egyptian pipe line business but that Congress has declared it to be against public policy to enter into gold clause agreements and, while it may do no harm for Mobil to enter into a gold clause agreement with Egypt, such would be unenforceable in the kkg United States courts. 11:30 PM - Mr. Brumley's office called and said the Secy. is going to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  speak at the National Press Club on Tuesday, Oct. 6, and the President of the Press Club wondered if you would come and sit at the head table.  They will have cocktails at  12:00 and lunch at about 12:30 and ExpRinl there will be a Q & A period following the Secy's speech, but they expect to conclude by about 2:00 PM. you like to accept? YES NO  Your cal. is clear.  Would  Messages for Mr. Volcker  - 3 -  October 2, 1970  12:30 PM - Mr. Steve Francis returned your call and will be at his desk after lunch until you call.  NYC - 483-1818  (He offered to call back after lunch but I said I thought it would be better if we called because I didn't know you'd be back) :soon 5 v11 12:40 PM -  1:25 PM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Mr. Autin called and said to tell you that he returned your call.  Messages for Mr. Volcker  Tuesday, September 29, 1970  1 -  9:30 AM - Mr. Betts' office has informed us that the Secretary's Dining Room is closed today.  (The Secretary and Dr.Walker  both have outside luncheons; other Treasury people who would normally have lunch in the Dining Room are attending an outside luncheon for Mr. Chotard who is leaving Treasury tomorrow to take a position with private industry.) CAL.NOTE 11:25 AM - Art Pine of the Baltimore Sun called. He asked for some (Oct. 1 or 2) time with you on Friday morning/-- or Thursday, if more international to discuss the/financial situation,now that convenient .= • •M•  you are back from Copenhagen, on a background basis. Do you want to see Mr. Pine?  YES  NO  (Your calendar is clear for both Thursday a.m. and Friday a0 m. at present.) (OR)  Refer Mr. Pine to  (Phone in Washington: 347-8250) I've asked Mr. Brumley how we should aandle requests of this sort, since we're likely to get others. 11:30 AM - Mr. Geng said that Fred Farnsworth of Second District   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Securities is coming to Washington to see people on this coming Thursday, has a 10:30 appt. and is seeing Gov. Daane at lunch and would like to drop in to see you if you can spare a few minutes.  Mr. Geng said, if  you can't see Farnsworth, he will go down and see Carlock in Mr. Geng's and Mr. MacLaury's absence.  Would you   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  - 2 -  September 29, 1970  want to take the time to see Mr. Farnsworth on Thursday? (vAri YES r\tv NO NOTE:  Mr. Brumley's secy. called back re the Art Pine request and said Mr. Brumley was going to check around to see if there were any other people that want similar intervie ws and, if so, maybe they will set something up.  Sorry!!   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  -  10:45 AM - Bill Weber called.  1  -  Monday, September 28, 1970  He asked that we pass on to you the  information that the Boston Stock Exchange would like to have a Q & A period after you r talk this evening, if you are willing with you?  Shall we tell him that this agr eeable  YES  NO  (2615)  11:25 AM - Mr. Schaffner had asked for a Volcker Group meeting to be put on your calendar for Thursd ay, October 1 - from 3:00 Pm to approximately 5:00 p.m. - to discuss the 1971 Capital Restraint Programs.  The first call to notify of thi s  meeting was made to Mr. Houthakke r who said he has a 3.30 p.m. meeting and asked that the Volcker Group meeting be rescheduled for 4:30 p.m. to 6:30 p.m. instead of the earlier time.  Mr. Willis suggested that the mat ter of timing  for this meeting be referred to you. The only other engagement on you r calendar for that day is the reception from 6:30 pm to 8:30 pm by the Finance Minister of the Australian Emb assy & Mrs. Gordon Low -to say farewell & welcome Mr. Ed Visbord, the newly appointed minister. Is 4:30 pm tO 6:30 pm all right? OTHER  YES  NO  (5334)  „ ^11,- giro  Messages for Mr. Volcker  - 2 -  Monday, September 28,1970  1:45 PM - Frederick Deming's secretary at HUD called to invited you to a meeting called by Secretary Romney, in his office, Room 1000, HUD building, 7th & D Street3, S. W. -- to discuss FHA interest rates.  Also invited to attend are:  Messrs. Oakley Hunter, McCracken, My Mann, Chairman Burns and Chairman Preston Martin.  The meeting to be held at  2:00 p.m. on Wednesday, October 7th. On your calendar for Wednesday, October 7th:  Possible lunch  at Fed Board at 1:00 p.m.; at 6:30 p.m0 you are invited to attend reception, and 7:15 p.m0 dinner, in connection with North Carolina Intl. Monetary Conf. in Raleigh where you speak at 3:00 p.m. on Thursday, October 8. Shall we say you WILL  WILL NOT  attend the meeting at HUDc (Mercy Drake - 138-57317) (Mr. Geng said he thought this related to what he had already passed on to you -- the question of lowering the FHA rate prior to elections.) 2:45 PM - Mr. Hans Widenmann's secy, Miss Stahl, called and said   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  he will be in Washington on Monday, Oct. 26, and is planning a dinner at the Madison for Mr. Oliver Dawson, of Buckmaster, Moore, of London, a banking brokerage house, and would like to invite you and Mrs. Volcker to attend the dinner. thought the dinner would probably be around 8:00 PM.  She  - 3 -  Messages for Mr. Volcker  September 28, 1970  You and Mrs. Volcker are invited to a dinner for FNMA Directors in Miami the evening of Oct. 26, prior to FNMA board mtg. in Miami the following morning.  Otherwise cal. clear.  Shall  I tell Miss Stahl that you may be out of town that evening, although there is  ill some uncertainty about this, and ask  if we may give them a firm answer later on when your schedule clarifies?  (NYC - 530-4114) YES NO  3:00 PM - Mr. Knorr's secy. called and said Arthur Howell, of the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Insurance Co. of America, had called and was going to be stopping by to see Mr. Knorr on Tuesday, and also said his President, John Gurash, who had asked Treasury to arrange some appointments with high level officials in Europe (see file attached), was returning from his European trip and wanted to report the results of his talks to the Secy.  The Secy. would like you to see Mr. Gurash.  Mr. Howell  said Mr. Gurash was proposing to come to Washington for this purpose on either Oct. 6, 14, 15, or 16.  The Boston  Fed conference at Bald Peak is scheduled for Oct. 14, 15, and 16.  Therefore I suggested 10:00 AM on Oct. 6 for Mr.  Gurash.  On cal.  Would you like to have Mr, Widman or  Mr. Mackour sit in when you see Mr. Gurash?  Incidentally,  Mr. Mackour said it was a good thing Gurash didn't get  September 28, 1970  - 4 -  Messages for Mr. Volcker  to see the Chancellor because it turned out what Gurash was mainly interested in was establishing a branch insurance office in Europe. OK FOR WIDMAN OR MACKOUR TO SIT IN PREFER NO ONE SIT IN In Mr. MacLaury's absence, Mr. Potter is following up on  NOTE:  the broker-dealer legislation.  Bob Rivel is setting up a  meeting in NYC on Wedn. morning, the 30th, of representatives of broker-dealers and banks to arrive at an agreement on the financing of the insurance, which includes a bank line of credit  Mr. MacLaury said if he were here, he would have  attended the meeting, and, if anyone else from Treasury is to attend, it would have to be you.  It would be useful  to have someone from Treasury to attend but k it is not a matter of life and death.  r• A,-   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  it  He wasn't sure of the time of  the meeting but understood they were scheduling it for some time Wed. morning. to accompany you.  If you do go, Mr. Lynn would be willing Mr  MacLaury said if you wished you could  call Bob Rivel about this and see whether he thinks it is important for you to attend (Rivel will probably say it is The Board of Natl. Gallery is scheduled to meet on Wed. at 9:45 AM and that is usual day to lunch at Fed but otherwise morning is clear.  Messages for Mr. Volcker  - 1 -  September 17 - 25, 1970  Thursday, September 17 3:00 pm - Mr. Schaffner has scheduled a Volcker Group meeting for 3:00 p.m0 to approximately 5:00 p.m. on Thursday, October 1 to discuss the 1971 Capital Restraint Programs. (Background paper in attached folder.) NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  CAL, NOTED.  Joseph Pechman, Brookings Institution, would like you to call him on your return from Europe.  (HU-3-8919)  Messages for Mr„ Volcker  - 1 -  Wednesda  9:10 AM - Mr. Betts will be sworn in as  Sestember 16 19  Secretary for Administra-  tion at 3:30 p.m0 this afternoon, in Room 4121 - ON CAL, 9:30 AM - Governor Robertson will host the Fed Lunch today.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Burns has another luncheon.)  (Chairman  Available to attend with you  are Messrs. MacLaury, Geng, Snyder and poo.o+49,4y-Mr. Auten. (Mr. Carlock is attending an outside luncheon and Mr. Cook says he doesn't think he can take the time for lunch today -- he has too much work.) Shall we ACCEPT for you (Katherine M. - 147-201)  14-1-34-414  N..//  REGRET   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr) Volcker  - 2 -  Wednesday, Sept. 16, 1970  10:35 AM - James Schlesinger of the Office of Management & Budget called.  He asked that his call be returned. (103 3864)  11:30 AM - Sidney Weintraub of State called. be returned.  (101-29496)  He asked that his call  September 16, 1970  - 3 -  Messages for Mr. Volcker  1:15 PM - Congressman Reuss returned your call.  180 - 3571  1:45 PM - Mr. McNamara called and would like you to call him.  181 - 2001  1:50 PM - OASIA Secretariat (Miss Crisp)called to say that Secy. Kennedy is giving an informal dinner in Brussels at 8:00 PM on Sat., Sept. 19th, and has invited you and Mrs. Volcker. They wish to know whether or not you accept. OK to say you accept? 2xxRMxxxMxAcx  Cal.Clear.  (2135)  YES NO  2:00 PM - Mr. Widman called and said he had to get a cable out to Austria in response to their request for an appt. with Secy0 for Finance Minister Androsch on Wednesday.  Secy.  is booked that day (in the afternoon anyway and they are not planning to arrange bilaterals for him in mornings) and they had previously planned that they would offer you to the Austrians.  Mr0 Widman thought Wednesday morning  might be a good time for you for bilaterals; I told him that sounded good tom me -- and he is going to send out a cable accordingly. 2:05 PM - Mr. Wieczorowski called & would like you to call him. 181 - 2776 2:06 PM - Mr. Knorr stopped by and and said he had promised to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  report when he got back from the Hill - he can do either on the phone or come to see you.  2851  Messages for Mr. Volcker  - 4 -  Wed., Sept. 16, 1970  245 PM - Leonard Dixon called from Copenhagen and asked MrM'Banno n to pass along the information that it has been raining in Copenhagen almost every day since they arrived (this past weekend) and the weather turns cool in the evening. Mr. Dixon suggests that the ladies bring along a raincoat and light galoshes -- and the men bring along some sort of light coat and medium-weight suits. REMINDER:  Call Preston Martin (per Mr. Geng)  3:00 PM - John Perkins of the Continental Bank , Chicago called. asked that his call be returned.  He  Call-back Oper 6 in Chicago,  AC. 312-828-7701. 2:55 PM - Mr. Weiczorowski's secretary called to say that Mr. Weiczorowski had lunch with Mr. McNamara today, and Mr. McNamara has asked that he set up a luncheon meeting with you on either Wednesday or Thursday, October 21 or 22.  She said Mr. Weicz-  orowski would talk with you about the topic to be discussed. ON /Wednesday and Thursday, October 21-22: The fina ncing Committ are scheduled to meet on the quarterly refunding. Shall we suggest that this luncheon meeting be arranged for another xxy day? OTHER  YES  NO (Mrs. Adler  181-2776)  3.05 PM - Mr. Petty would like to [talk with you on the phone.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (2522)  Tuesday, September 15, 1970  Messages for Mr. Volcker  to see you for a few minutes 10.15 AM - Mr. Nelson called. He would like today e, and related /about the timing of the gold press releas details.  (2884)  11:15 AM - Rose Cicala has informed us that the small staff meeting for tomorrow (Wednesday, Sept. 16, in the Secy's Office) has been cancelled.  CAL. NOTED.  12:10 PM - Mr. Geng stopped by.  He would like to have a few minutes with  you this afternoon to discuss some problems with xt the draft of the Milton Friedman letter.  (5806)  12:20 PM - Mr. Petty called and would like to speak to you on the phone as soon as there is a chance.  HeLknows you are at Brookings.  12:45 PM - Mary Harris called and said to put down on your cal. on Oct, 15th a 2:00 PM mtg. of the Library of Congress Trust Fund Board in the Librarian's office, Rm. 106, Main Bldg. She said Secy0 may have to be out of town but she is putting it on his cal, in case he's here; she said you may have to attend.  I told her you may be out of town then but would  put it down,  On cal.  & border 2:00 tM - Mr. Petty would like to see you on the delegation taxes. he is trying to get a 3:30 PM - Bill Fisher at OMB called and said   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  taking determination on where we are on the Eximbank bill asked for Exim out of the budget; he said Treasury has been this and he said a report and he talked to MacLaury about  Messages for Mr. Volcker  - 2 -  September 15, 1970  you had an idea there might be some question about the position on this.  Mr. Fisher has a favorable report from  Commerce and one from CEA says Exim could be either in or out and they voice no objection.  Mr. Fisher says he does not want  to do anything if you are right but he has checked with Weinberger, who does not know of any change in Administration position.  Mr. Fisher is anxious to talk to you about this  as soon as possible.  103 - 4870  3:45 PM - Mr. Weber called and would like to talk *la to you about your Boston speech. 3:55 PM - Mr. Wieczorowski's secy called & said he wanted you to know   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  that he is having lunch with Mr. McNamara tomorrow alone and if you have any ideas you would like him to pass on to McNamara  he would be glad to do so -- and wanted you to  ko have time to think about this.  - 3 -  Messages for Mr. Volcker  September 15, 1970  to see you before you 4:15 PM - Mr. Henry Wallich called and would like leave Thurs.  -- not necessarily today, perhaps tomorrow?  30 minutes of your 4:25 PM - Messrs. MacLaury and Geng would like time tomorrow. rmed us tha 5:10 PM - Mr. Betts has info award to Mr. Weatherbee a the Ballroom of t  / the Secretary will present an  5:45 p.m. at his reception at in  shington Hotel - lower level of the  hotel. in his office 5:50 PM - Mr. Kearns called and said he would be d until about 6:30 and then at home from 7:00 on and woul appreciate your calling him. 5:55 PM - Mr.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Bill Fisher called and is anxious to know if you had  a chance to speak to the Secy. about Eximbank.  103 - 4870  Messages for Mr. Volcker  Monday, September 14, 1970  - 2 -  11:30 AM - Rex Beach stopped by and asked that we put on your calendar for 10:00 a.m. on Wednesday, September 16, a meeting of the entire U. S. Delegation to Copenhagen (including the Congressmen) to be held in Room 4121.  ON CAL,.  12:25 PM - Mr. Geng has the answer to some question you raised with him and is ready to report when you're free. his office at 4:05 PM - The Secretary has asked that you meet with him in 4:30 p.m. tomorrow (Tuesday, September 15) -- to brief him for his appearance on a CBS show on Wednesday.* NOTE: 4:35 PM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  *  w4t111  xxsx 1 irattag7  CAL. NOTED.  uxc Mr. Brumley's mem  The Swiss Ambassador Schnyder called to extend an invitation to to you to a stag luncheon on Wednesday, September 30, at 1:00pm, at the residence, 211 2920 Cathedral Avenue, N.W., in honor of Dr. F. E. Aschinger, former editor of the largest Swiss newspaper NEUE ZURZLER ZEITUNG - and who is now adviser to the Swiss Bank Corporation in Zurich.  The only thing on your calendar is  the possible luncheon at the Fed Board. Do you wish to accept  regret  RSVP - Miss Ullmann - HOBART 2-1811 Attending the 4:30 p.m. briefing of the Secretary tomorrow also will be Mr. Leahy (for Mr. Weidenbaum) and Messrs. Chapoton and Willsely of the Tax Legislative Office (for John Nolan).   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  SEP 1 4 197n  SFPTEMPER 14, 1970 THE SECRETARY Cal RruTqley CBS Morniwz Show Morning You are set for an appearance on the CBS Show Wednesday morning. The schedule: eet, N.W. 7:20 -- arrive atCBS studies 2020 M. Str 7:30 -- You will be on the air live. utes. The interview will last for about 10 min b, in the Questions will be asked by Bernard Yal n Part from Washington studio, and remotely by Joh  ew York.  shortly You will want to wear a blue shirt and evision makeup. after arrival you will be given light tel We will meet vou at the television station. been A briefing on the lead additive tax has Tuesday. scheduled in your office for 4730 p.m., on We have primed the network to ask questions ect some general the lead tax. However, you should exp questions on the economy. news The Washington CBS outlet, WTOP, airs the to 9:00 a.m. show on a delayed basis fro'. 8:00 a.m.  cc:  Under Secretary Volcker  Brumley  Exec. Sec.  S/CEBrumlev/emc/9/14/70 PUBLIC AFFAIR  Monday, September 14, 1970  Messages for Mr. Volcker  8:45 AM - Mary Harris has set up an appointment for you and Dr. Walker with the Secretary this morning at 11:30 a.m. - re Engraving and Printing.  ON CAL.  8.50 AM - Mr. Kearns called.  He is anxious to talk with you and asked  that his call be returned. (128-21131) 9.30 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room. 10.25 AM - Mr. Rivel of Chase Manhattan called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  CAL  NOTED.  He wondered whether you  would be available on Thursday of this week, since he tknugkt GOVt. Securities wanted to make a trip with the Chase Manhattan/Dealer Dept0 people to visit Treasury, introduce them, and say hello although you already knew them all -- and if you were not free, then to meet with Mr. MacLaury.  I told him you were leaving  for Copenhagen and would not be here on Thursday - and have given Mr. MacLaury his call.  (NYC-552-4343)  Messages for Mr. Volcker  - 1  September 11, 1970  9:10 IM - Bill Dale called and said he talked to you last night about a press release on the gold transactions and you were on the fence. as possible.  He needs to know your decision as soon  181 - 3067  9:20 AM - Mrs. Volcker called and said to remind you to call Clifford Folger (office - ST 3-5252; home  ).  She also said to wish you a happy anniversary!  She said  you both forgot it and a card came from your Mother this morning. PENDING FROM LAST NIGHT:  NOTE:  (1)  Mr. Jurich wanted to speak to you on the phone.  (2)  Nat Samuels called you.  Did you ever talk to Secy. & Mr. Walker about the ABA Annual Convention in Miami and someone from Treasury talking to the ABA Savings Bonds Cmte. on Sunday, Oct. 11? at ABA  is pressing for an answer.  10:50 AM - Mr. Kearns called. possible. Monday.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  298-9090  Would like to speak with you today if  However, if not possible, please return his call on  Code 128  5:55 PM - Messrs  Mr. Higgenbotham  ext. 21131  Petty and Hirschtritt would like to come in to talk  with you about Copenhagen,.  (2522)  Messages for Mr. Volcker  -  1  Wednesday, September 9, 1970  -  10:00 AM - Bob Holland will be hosting the Fed lunch today, since Chrmn. Burns is leaving for St. Louis at noon and Gov. Robertson is still away.  NI The Treasury financing staff attending will  be Messrs. Geng, Cook and Rabon.  (Mr. MacLaury has another  luncheon engagement and Mr. Carlock and Snyder are on leave.) Is it all right to confirm to Mr. Weatherbee's office that you will have lunch in the Secretary's Dining Room today? YES  NO  (5391)  10:15 AM - Secy's Operator called and said Secy. would hold the usual Staff Mtg. on this coming Friday. 11:05 AM - Mr. Petty and Mr. Hirschtritt would like to come in to see you, before noon, if possible, about the Copenhagen airplane. (They need answers before noon.) (2522) 11:25 AM - Tony Thomas of the London Times called to request an inter-   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  view with you on the IMF Meetings. Bo Shall we arrange an appointment? or Refer him to  YES  (347-7659)  P.*  NO  Messages for Mr. Volcker 12.00 M  -  1  -  Tuesday, September 8, 1970  of Economic Research of NY - Dr. Edward Smith, National Bureau called.  ble to reach He explained that the reason you were una  l, was due to the him on Friday, when you returned his cal orrect. fact that the phone number he had left was inc -3190, ext. 745; or in He can be reached either in NYC on 682 New Haven on A.C. 203-432-4187, you called to extend an invitation to ary ret sec r's ste Web Mr. 2:30 PM Secretary in the Secy's Dining to attend a luncheon by the Williams (of the 0 eii v ert Alb h wit 13, r obe Oct y, sda Room on Tue 2 ' O // t). men est inv and de tra l ona ati Williams Commission on intern Petty and Webster. Attending also will be Messrs.  Your cal,  13 -- should you not attend the is clear for lunch on October Beach during the poxi d mi Mia in n tio ven Con ual Ann ABA October 10 - 14.  ,2-  accept the invitation for lunch mxx fir Rom to ht rig all it Is (5828) CAL. NOTED. NO YES h? 13t . Oct on 5:00 PM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ary will hold his We have been informed that the Secret September 14th, in Room "in-depth" staff meeting on Monday, 9:30 AM - 10:45 AM. ion. ON CAL. 4121/ Mr. Cohen will make his presentat  Messages for Mr. Volcker  „, 1  Friday, September 4, 1970  9:10 AM - James R, Schlesinger, Asst. Director, Office of Management & udget, called.  He asked that his call be returned.  (Mr.  Schlesinger will be going into a meeting away from his office at 10:00 a.m.) - 103 - 3864. 9:30 AM - M  le called.  •-er  _  cy,‘  He asked that his call be returned.  His secretary said that he needs to talk with you urgently.) (181 - 3067) 9:55 AM   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Weatherbee's office has been informed that you will have lunch in the Secy's Dining Room today.  Mesaages for Mr. Volcker  - 2 -  Friday, September 4, 1970  10:40 AM /Jim Griffin will be in to say hello at 4:30 p.m. this afternoon.  (He is on home leave.)  CAL NOTED.  11:40 AM - Don Webster has cancelled the meeting he set up with you and Messrs. Petty, Schaffner (and Schmidt, if here) re study on U.S. Policy regarding direct investment and multinational corporations -- for 11:00 a.m. on Wednesday, Sept.9.This has been postponed for the time being and will be rescheduled at a later time in Mr. Petty's Office. 3:20 PM - Rose Cicala called to say that the Secretary's Staff has) tit4 had to be rescheduled /).311 (AN3RWAtoi for 8:45 a.m. on Friday, September 11th. This is the morning the Secretary, Dr. Walker, you and Mr. Betts have been invited to tour the new Treasury Exhibit Hall.  The Secretary still hopes to make the tour.  CAL NOTED.  4:30 PM - Mr. Hirschtritt called. He, with Mess's. Bradfield and Cross, for about 30 min. when you are free are waiting matt/to meet with you/on the foreign aid message. (2803) 4:35 PM - Mr. Dale called. 6:25 PM - Mr. Willis called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He asked that his call be returned He has several things he would like to  come in to talk with you about before you leave this evening including a telephone call with Ossola.  41•110  Messages for Mr. Volcker  8.50 AM - Mr. Wade stopped by.  1  Thursday, September 3, 1970  He would either like to come in to see  you for about 10 minutes -- or talk with you on the phon e mtmmtxtkm to go over the Madrid press release prob lem. (8191) 9:10 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 9:50 AM - Mr.Webster asked for half an hour on your calendar on Tuesday or Wednesday for a meeting taxiax with you to be attended by Messrs. Petty, Webster, Schaffne r, and Schmidt (if he is here then) on investment policy toward the multilateral corporations and the question whether foreign direct investment is good for the United States.  Apparently  Mr. Webster wants to undertake a study of this whole auestion< today.  He said he'd be sending you a memo on this  I gave him 11:00 AM on Wednesday.  12:50 PM - Mr. Schlesinger called and woul d like you to call him,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  His secy. checked and said it wasn't urgent.  103 - 3864  Messages for Mr. Volcker  - 2 -  Thursday, Sept. 3, 1970  2:00 PM - Mr. Jurich's secretary called to say that she had been informed by the State Department that there might poaibly be an Under Secretaries Committee meeting on Wednesday, Sept. 9th, at 11:00 a.m0 in the Under Secretary's Conference Room, 7th Floor, State Department.  Treasury has been invited.  Under Secretary of State Samuels will chair.  Deputy  The subject.  "Extension of U.S. steel import voluntary restraint program." There will be a notification by letter sometime today or tomorrow if meeting will actually take place. held, a paper will be distributed..  If meeting is  CAL. NOTED  4:10 PM - Dr. Alpher called and would like to talk with you,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (Phone: NOTE:  223-4564) He will be in his office until 5:00 p.m0 this afternoon and from 8:30 a.m0 tomorrow morning.  Messages for Mr. Volcker  Wednesday, Sept. 2, 1970  9:15 AM - Mr. Petty called to remind you to talk with Sam Cross  today,  if possible -- regarding the reorganization. 11:15 AM - Nat Samuels called.  He asked that his call be returned.  (101-20410) 11:30 AM - Mr. Willis called and said Gov. Daane called him and said he was leaving for Basle next Tuesday evening for the BIS mtgs. and thought it would be useful for him to have a short session with yotiand Mr. Willis sometime Tuesday, preferably 9:30 AM. Tues.  I said you would be in NY all day  As a compromise we have scheduled this for 4:00 PM  tomorrow. 11:40 AM - Mr. Hirschtritt called and said Nat Samuels just called   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  him and said he (Samuels) had been trying to reach you without success about the DPC untying.  Mr. Hirschtritt  told Mr. Samuels that he (Hirschtritt) was going to AID to work it out,  Therefore, you don't need to return  Mr, Samuels' call.  } 1970 Wednesday, Sept. 2  - 2 -  Messages for Mr. Volcker  2:45 PM - Helen, the Secretary's Operator, called to ask whether you would chair the Secretary's Staff txxitmom meeting usually held in Room 4426 on Friday, Sept. 4. a staff meeting?  Shall we tell her you will hold NO  YES  3:20 PM - Mr. Geng asked that we pass the information on to you that FNMA is announcing this afternoon a 20-year issue with a 10-year call protection. 3.45 PM - Mr. Hirschtritt called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He would like to report to you this  afternoon, if you have time, on untying and also talk about the Copenhagen delegation.  If you are unable to see him this after-  noon, he said tomorrow morning would be all right.  (2803)  %  Tuesday, Sept. 1, 1970  Messages for Mr. Volcker  you will have 9:10 AM - Mr. Weatherbee's office has been informed that lunch in the Secretary's Dining Room today. 9:45 AM - Mr. Sanders of Treasury's Safety Office called. He is prepartoday, ing for your signature/as Acting Secretary, personal letters of   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  congratulations,on the occasion of the Secretary's Bureau Safety Award of Honor,to Commissioner Randolph Thrower, IRS, Director of Engraving & Printing Jim Conlon and Director of the Mint, Mrs. Mary Brooks -- all of whom Secretary Kennedy Mr. Sanders would like to  addresses on a first name basis. have your preference:  Dear Commissioner Thrower:  Dear Randy: Dear Jim:  1,/  Dear Mr. Conlon: Dear Mrs. Brooks:  Dear Mary:  )00  f  -- Mr. Sanders - Ext. 5783. NOTE:  Chairman Burns' secretary has advised us that since both Chairman Burns and Governor Robertson are both away the Fed lunch tomorrow will be hosted by Bob Holland on a staff level Shall we suggest to her that she inquire whether one of the other Governors is available to host (Gov. Daane is back from his vacation)?  YES  NO  Will you otherwise attend the lunch hosted by Mr.Holland YES  NO  K.Malardi - 147-201.  10:35 AM - Mr. Dale called.  Tuesday, Sept. 1, 1970  - 2 -  Messages for Mr. Volcker  He would like to see you this morning, if  convenient, about gold -- South African and Fund. I suggested or 12:00 noon 11:30 a.m,/- and told him I would call to confirm. ENXEUX Is it all right to confirm? (181  OTHER  YES  NO  t  3067)  10:55 AM - Nat Samuels called and would like you to call him. 101 - 20410 12:05 PM - Henry Wallich called and would like you to call him. A.C,  203 - 436-8390  12:35 PM - Mr. Finkel called and said to tell you the White House expects to have their draft of the Foreign Aid Message distributed tonight or tomorrow morning.  The new target  date for submission is September 16, firm. to see him 1:00 PM - Mr. Petty's office called and said you wanted   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  about SEC and he wanted to see you about Turkey and he thought he'd better get some time on your calendar. suggested 4:00.  Messages for Mr0 Volcker  - 3  Tuesday, September 1, 1970  2:40 PM - Robert Cooney of Mitchell Hutchins Company returned your call of last week.  NYC - 344  700.  2:45 PM - Mrs. Anderson of the Australian Embassy called to extend an invitation to_you and Mrs0 Volcker on behalf of Ambassador Plimsoll -- to a black tie, 8:00 p.m0 dinner at the Embassy, 3120 Cleveland Avenue, N. VJ, -- to say farewell to Mr. & Mrs. Low (Financial Minister at the Embassy)5, on Tuesday, Your calendar is clear.  Do you wish to ACCEPT  6/Y  REGRET (RSVP - Mrs. Anderson -- 797-3233) 3:20 PM - Mr, Hirtchtritt is back.  He called later and said he  would join Mr. Petty in your office around 4:20 to discuss untying and the letters to the delegation to BankfFund mtgs, 5:25 PM - Mrs. Resting at the Danish Embassy called to extend an   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  invitation to you and Mrs. Volcker to a black tie dinner the Ambassador and Mrs. MtrwcaY (I'll have to check on the name -- they're ayaRazetntIy—new and not yet listed -in Diplomatic List) are giving t 800 PM on Tuvday, Sept. I64Z 3) 15, at their residence/there in Washington on the occasion of the Annual Meetings in Copenhagen.  Your cal. is clear.  (AD 4-4300) ACCEPT REGRET  ('  Monday, August 31, 1970  - 1 -  Messages for Mr. Volcker  nty Trust returned your call of 9:00 AM - John Meyer of Morgan Guara He will be in his office until 6:30 pm.  Friday (August 28).  reach him on your return to 7:00 p.m. today should you want to to the office. - NYC - 425-2323 2:50 PM - Mr. MacLaury called.  He asked for about 30 minutes with you  e to talk about new for him and the Treasury financing peopl 1. I gave him 10:00 a.m. on Tuesday, Sept.  cash projecdbns. ON CAL.  He asked that his call be returned.  2:55 PM - Mr. Mann called. (103 - 3680)  4:45 PM - Derek Mitchell's secretary called to extend an invitation to Mrs. Volcker from Mrs. Barber, the wife of the Chancellor of the just for the ladies Exchequer, to a luncheon/at the British Embassy Residence in Copenhagen on Monday, September 21st. extended also tim to Mrs. Kennedy.) being sent out. NOTE:  (An invitation is being  A written invitation is  CAL. NOTED. (Time not specifified.)  You and Mrs. Volcker are invited to a luncheon on Sept. 21 by Sir Denis and Lady Rickett.  5:25 PM - Mr. Petty called.  He would like to come in to see you fox  this afternoon for a few minutes 5:35 PM - Mr o Mann called again from home.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ,  on Copenhagen. He can be reached on  (2522)  Messages for Mr. Volcker  - 1 -  August 27, 1970  11:15 AM - Mr. Hirschtritt called and would like to see you. 12:30 PM - Mary Grace called and said Mr. Petty and Mr. Hirschtritt would like to see you on Copenhagen.  I told her you had  a newsman with you and we would call as soon as you were free. 3:00 PM - Mr. Samuels, Under Secretary of State, called and would like you to call him back. 101 - 20410 4:30 PM - Mr. Brumley called and would like you to call him   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  back - 5252.  Messages for Mr. Volcker PENDING:  August 26, 1970  1  statistics paper. 103 - 3731  (1)  Call Mr. 3hiskin abou  (2)  Call Mr. Hayes.  (3)  Do you want to do anything about the Freedom Shares  or wait until Mr. MacLaury is back? Mr. Petty for 9:50 AM - Sam Chase in OASIA called and said you asked some information about North American Rockwell's complaints on IDB procurement.  / He said Costanzo has prepared a file on  this and is working on a letter to a member of Congress but Costanzo is away ti,s week and has the file with him so they won't be able to get anything to you until next week. 11:00 AM - Call Mi,Hayes 12:45 PM - Mr. Petty would like to see you. 3:20 PM - Mr. Brumley pauld like to see you. he wanted you to know 4:20 PM - Judge Pierce's office called and said   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Monday, the 31st. that he will be at the Treasury all day on  10:50 AM -  August 25, 1970  1  Messages for Mr. Volcker  Mrs. Biand in Mr. Shiskin's office called and said he asked her to inquire whether you ever sent out the paper on B/P statistics that he talked to you about the other day -- he is anxious to see it. to talk to you about it.  If not, he would like  103 - 3731  11:05 AM - Mr. Petty called and would like to see you sometime this afternoon - 2522 11:08 AM - Mr. Betts called and would like you to call him back - 5391 12:10 AM - Mr. Knorr stopped by and said Bob Hormatz at the White House called re the timing of the Foreign Aid Message to be sent to the Hill.  Mr. Knorr told Hormatz as between the 15th  and 16th, Knorr thought the 16th was better in case any vote on the multilateral legislation would have to go over. Hormatz thought that timing would be all right, and Mr. Knorr thinks the Aid Message is scheduled to go to the Hill on the 16th. 12:15 PM - Catherine in Dr. Burns office called re lunch tomorrow.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  She said Dr. Burns will be there if you wish to come. OK to arrange? YES NO  \  NOTE:  August 25, 1970  - 2 -  Messages for Mr. Volcker  er, and Cook lined up for I have you and Messrs. Ge\ng, Snyd n; Mr. MacLaury will be in Wisconsi  the Fed lunch tomorrow.  d Mr. Auten is on leave, an ; nt me ge ga en r he ot an s ha um ba Mr. Weiden as is Mr. Carlock.  s tied up Catherine said Chairman Burns wa  after lunch but available before.  She first suggested 12:45  time than that so she re mo ed ne t gh mi u yo t gh ou th I id but I sa put you down for 12:30.  Is this OK?  YES NO ce called about your fi of s T-I rre Red . Mr in a gn ia 2:45 PM - Miss Misc e Sulphur. I told her it Wh in d en ek we ng mi co is plans for th   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  en le of weeks ago and asked wh Mr. Bodner had called a coup g ing for purposes of reservin you'd be arriving and depart the asked for reservations for d ha u yo d an you r fo om ro a (Sat. & Sun.). She said the th 30 d an th 29 the of ts gh ni have no rooms available on Greenbrier has indicated they Sat. night, the 29th.  stay there She said if you wanted to  of ay somewhere in the village Sat. night, you'd have to st glad to make the arrangements be l 'l ey th -r hu lp Su e it Wh es she didn't know what faciliti t bu , is th do to sh wi u yo if were available. 472-3502.  914 I promised to phone her - AC  Messages for Mr. Volcker  August 25, 1970  - 3 -  I did some checking around and, at the suggestion of Bill Heffelfinger, talked to Ted Rolph at the ABA office, who was familiar with the motels at White Sulphur.  Mr. Rolph said he al-  ways stays, when he is in White Sulphur for meetings, at the Colonial Court, which he said is comfortable and clean and has a back part away from the road so that it is quieter.  He said  it is about 2 miles roughly from the Greenbrier -- it is at the far end of the village away from the Greenbrier.  He said it is  280 miles to White Sulphur from Washington -- 5 to 6 hours driving time.  I asked him if there were anything to interest children there.  He said if you do take your children, you should get the people at the Greenbrier give you a special account at the Greenbrier, which you can do at a business meeting,and you and your family can use all the Greenbrier facilities -- tennis, golf, outside swimming pool, horseback riding.  He said there really isn't anxNti  anything  to do in White Sulphur village itself except go to the movies. 3:15 PM - Someone from the Savings Assn. League of NY phoned without   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  identifying himself and asked if you were going to provide them with copies of your speech or if it were going to be released to the press by the Treasury.  I told him I doubted  you planned to have a prepared text, though you might surprise me.  I gather he felt there wasn't much opportunity to get  publicity if they didn't have copies of your talk before you got to the Greenbrier.  Messages for Mr. Volcker  August 25, 1970  - 4 -  J:30 PM - Mr. Shiskin's secy. called again to ask about the paper on B/P statistics.  I told her you hadn't given me an  answer and that you'd been tied up in meetings.  She asked  me to let her know. 4:12 PM - Mr. Hayes called you and said it wasn't urgent but he would like to talk to you sometime in the next couple of days. He is going to be away on Friday so hopes you can phone him tnka*xtaxxkommxxx tomorrow or Thursday. 4:30 PM - Mr. Mitchell's secy. called and said he'd like to see you for a general chat and also to talk about anything that might come up at Copenhagen.  She said he asked if he  might see you sometime before the end of next week.  I  gave him 3:00 PM on Thursday, Sept. 3. 5:50 PM - Mr. Petty would like to see you when the Volcker Group meeting is over. 6:10 PM - Dixon Donnelley called and said he was in town and would like to see you tomorrow or Thursday.  I gave him 11:45 tomorrow.  He said he could be reached through his former secy, Orlen, WO 6-2406. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Did Mr. MacLaury have a chance to tell you we forgot to include Freedom Shares in the legislation to increase the return on Savings Bonds?  He mentioned this to me when he was in here  this morning before holding a press briefing on Savings Bonds or whether you already knew. & I wasn't sure whether he meant to me to pass this on to you/  - 1 -  Messages for Mr. Volcker  11:15 AM - Mr  August 24,1970  Ross at FNMA called and said re your problem of  conflict of interest, their problem is establishing to the satisfaction of bond counsel and underwriters that whoever approves the terms of the mortgage backed bond is duly authorized and the only people in Treasury authorized are the Secy., Under Secretaries, Assistant Secretaries, and General Counsel.  Mr. Ross proposes that you abstain  from the vote in the Board and sign the letter.  Mr. Ross  said he would vote for it in the Borad if you will abstain. I told him our General Counsel would be available and he said if you would sign the letter it would save a taxi ride.  Is this agreeable to you? YES NO  NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I checked with Judge Pierce's office on his availability in the office this week and next Monday.  He is in NY today but  but they expect him here the rest of this week.  One of his  secy's had a note on her cal. that he was going to NY sometime on Monday, the 31st, but they want to check this out with him when he gets back tomorrow -- they're wondering about it because he doesn't have it on his calendar on his desk and also he is tohlove into his apartment in Washington this coming weekend. They'll let me know.  Messages for Mr. Volcker REMINDER:  - 1 -  August 21, 170  You wanted to talk to Mr. Dixon about the list for Copenhagen, etc.  11:00 AM - Mr. Hirschtritt's secy called and asked if he might see you at 4:00 today.  I said it looked all right.  11:30 AM - Mr. Schaffner's office called and said to tell you he checked and expects to receive the July trade figures on Monday, the 24th, and the tentative release date is Tuesday, the 25th. 12:45 PM - Mr. MacLaury called and said Abe Lincoln called and said there would be a meeting tomorrow morning at 9:00 AM to talk about getting ready for testimony on oil imports before one or two Senate Committees. I   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  The question  is that Flanigan suggested that MacLaury be involved but he wonders if it should not be Pierce or someone else.  Messages for Mr. Volcker  - 1 -  August 20, 1970  9:45 AM - Norman Kempster, of UPI, called and wants to know if the Washington Post knows what it is talking about when it said there will be a $10 billion deficit this year and a $15 - $20 billion deficit in '72.  He's in the Treasury  press room on Ext. 2156. 11:20 AM - Mr. Weber would like to see you. when you are free.  I told him we'd call  2615  11:40 AM - Mr. MacLaury would like to see you for about ten minutes have after you/and then he has seen Mt. Gilbert. d 12:45 PM - Mr. Hirschtritt's office called and he would like to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  see you at 4:00 PM this afternoon. so I put him down for that time.  It looked alright  August 19, 1970  - 1  Messages for Mr. Volcker  9:30 AM - Judge Pierce would like to talk to you about the letter to Patman on Penn Central.  He asked when you'd be returning  to Treasury today; I told him and he said he might leave early today but could talk to you about this in the morning assuming the letter could wait until then. 12:25 PM - Fritz Larkin returned your call.  He expects to be in his  office at the time I said you should be back in your office around 5:30 PM -- and will await your call.  Los Angeles -  A.C. 213 - 620-6037. 3:30 PM - Mr. Jurich's secy. called & said he'd like to see you for a few minutes sometime tomorrow.  Suggested 11:00.  3:50 PM - Mr. Patterson said they were having Will Cates down tomorrow (Mr. Patterson will give us Cates' resume) and they hoped you could see Mr. Cates in the morning.  I've put him down  for 10:00 AM. 5:00 PM - Mr. Geng would like to see you when you return. 5:15 PM - Bill Weber (Stith's replacement) stopped by and asked if   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you'd be in early in the morning and said he would like to see you.  I expect he'll be coming around, since he didn't  ask for a time.  I also suspect he's still working on the  Savings Bonds release, although he didn't say so.  (ft  Messages for Mr. Volcker  - 1 -  August 17, 1970  9:35 AM - Tony Brush, of Arthur Lipper Corp, who said his firm serve5 as U. S. brokers for OIS, called and said he met Sir Eric Wyndham White at the airport; Sir Eric is at SEC this morning and asked Mr. Brush to call and inquire about seeing you this afternoon; he said Sir Eric said someone had made inquiry on his behalf about seeing you today bunt Sir Eric didn't say who had done this.  I told him I didn't know a thing  about this (I was afraid he was a newsman) but would inquire and be back to him.  His phone is 833-8322.  If Mr. Petty  goes to the NSC Under Secy's Cmte. meeting on generalized tariff preferences at 3:00 today in your stead, your cal_ will be free this afternoon. 10:30 AM - Sam Cohen's secy. called and said Mr. Weinberger is very anxious to have Mr. Cohen talk to you on the phone as soon as possible on a matter that needs immediate handling. Mr. Cohen wants to put some other people in on the call on his end when you do call and make it a conference call. 103 - 4630 10:50 AM - Mr   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Albert Weed, who is a new Technical Asst. in Mr.  Weiczorowski's office, called and said when Mr. McNamara saw you and Secy  on the 11th, McNamara gave either the Secy.  or you a copy of a paper on "restrictions on regulations affecting World Bank Bonds;"  Mr. wieczorowski did not  Messages for Mr. Volcker  - 2 -  August 17, 1970  to want to ask us for a copy until he waited a bit to see if Mr. McNamara sent Wieczorowski a copy, which he has not. Therefore, Mr. W. wonders if he can get a copy of the paper from  us.  I don't recall having seen it; perhaps Secy. kept  it? see you 11:15 AM - Messrs. Geng, FitzPatrick, Rabon & Cook need to for 15 minutes. sometime today/ Suggested we call when you return and have taken care of the White House matter -- hopefully before lunch. & 11:20 AM - Mr. Finkel called and asked when he and Messrs. Cross for fifteen minutes Bradfield might see you/today on the Foreign Aid Message -additional points.  I suggested 2:30 PM.  11:25 AM - Mr. Dale's secy called and said you were to call and let her know sometime today when it was all right to send the memo to de Koch. 12:00 M - Mr. MacLaury is due up on the Hill at 2:00, Nancy says, and is leaving for Wisconsin at 3:45 and will be back Wed. AM -in case you want to see him on anything before he gets away. when 12:15 PM - Mr. MacLaury would like to speak to you on the phone   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you're free.  Messages for Mr. Volcke r  - 1 -  August 14, 1970  12:25 2M - Mr. Hayes call ed and said it is a lo ng time since he has caught up with you and compared notes and, as he is going to be here Tuesday for the FOMC, he wondered if that might be a good time for him and Mr. Coombs to get together with you. He mentioned lunc h (and would like to ma ke it in any event as near lunchtime as possible so as to ge t back home early) and said he and Mr. Coombs could come here or they could take you to lunc h somewhere or else come to see you at some other time. Yo ur cal. is completely clear on Tuesday and the Secy's Dining Rm. is going to be clos ed. Shall I tell Mr. Hayes you'll be glad to go out somewher e to lunch with him and Mr. Coombs ?   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  YES NO  )K:  Np.  Messages for M. Volcker  NOTE:  - 2 -  August 14, 1970  bs and you It has been agranged that Mr. Hayes & Mr. Coom inents. will lunch together next Tuesday at the Two Cont 3 in his name Mr. Hayes asked me to make a reservation for the Fed when for around 1:00 PM and said he would phone from from the Fed to theyFOMC was over and they would go directly there. the Two Continents and you could meet them  REMINDER: NOTE:  Call Mr. Dale.  Mr. Patterson gave me the name of the people Mr. Sonne will be staying with over the weekend in case you want to call him. Home of Benjamin Balkind, Laural Hollow, but do not have phone number; would have to get from information.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  r  Thursday, August 13, 1970  Messages for Mr. Volcker  strial Conference Board 9:45 AM - John Worsham of the National Indu called.  759-0900 He asked that his call be returned. NYC -  -- Call back Operator 6. that the q:50 AM - Mr. Weatherbee's office called with the message Secretary's Dining Room will be closed from Monday, August 17 to Monday, August 31.  The cook will be away.  Cal. Noted. e, and who is a 10:00 AM - Charles Wender with the Department of Stat ican good friend of Bob Fenner (Program Director for the Amer rds" Management Association) called to give you "best rega from Mr. Fenner. said he said to tell you 10:50 AM - Mre, Flanigan's secy called and . is asking he understands that the Ways and Means Cmte supporting the each agency for a statement of reasons trade bill.  ld Mr. Flanigan said "we believe there shou  Cmte. will be only one such statement and the Ad Hoc of the bill." prepare it after they have had an analysis ed to know if She said Mr. Flanigan would be interest Ways & Means. you have received such a request from the I told her not so far as I was aware.  She asked us to  request. let her know when you do receive such a es of the papers on 10:55 PM - Mr. Jurich's office asked for copi   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the AID Message  Is it all right to give them copies?  /ugust 13, 1970  - 2 -  Messages for Mr. Volcker  11:10 tM - Mary Harris called and said you may have to attend a Cabinet mtg. at 5:00 PM next Wednesday, subject to whether She will let us know  or not they will accept substitutes.  as soon as she hears back whether or not they will.  She  said no subject was given for the discussion at the Cabinet  2:30 PM -  mtg.  She said sometimes subjects are given and sometimes  not.  On cal.  Mr. Hughes of Savings Bonds called. be returned.  3:10 PM  He asked that his call  (2505)  7 - Mr. Deming called from New York.  He asked that his call be  returned. (NYC - 422-1200--- Call back operator No. 6) 3:50 PM - Mr. Lynn returned )yquT call.  189 - 4772  3:55 PM - Mr. Roosa called and would like you to call him.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  6 - 483-1818  NY Operator  Messages for Mr. Volcker  - 3 -  Thursday, August 13,1970  4.55 PM - Mr. Ryss called to say that the roll call vote on the trade bill was 17 FOR - 7 AGAINST - 1 ABSTENT1DN (Schneebeli). 5:15 PM -  Mr. Geng stopped by.  He said he has the answers to your  questions -- when you can see him. 5:55 PM - Mr. Lynn returned your call.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (5806)  Wednesday, August 12, 1970  Messages for Mr. Volcker  9:20 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room. NOTE:  Chairman Burns is lunching with the Secretary - in the Secretary's office.  t,77 9:30 AM - Assistant Secy. Charles Meyer returned your call. 10:20 AM -  (101 - 29210)  Mr. Beach's office has informed us that the "In-Depth" Staff meeting scheduled for Friday, August 14, has been postponed indefinitely.  The regular Secretary's Staff meeting will be  held at 8:45 a.m. in Room 4426. NOTE:  CAL, NOTED.  State needed to know who from Treasury would attend the NSC Under Secy's mtg. at 3:00 today.  I talked to Mr. Pelikan, who  talked to Widman, who agreed that, in Mr. Petty's absence, Mr. Pelikan should accompany you ORaiik (this is OK with State) Messrs. Widman and Pelikan would like to see you re this mtg. as soon as there is an opportunity. 11:20 AM - Mr. Prussia called & would like you to call him.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  AC 415 - 622-2689  San Fran.  Messages for Mr. Volcker  - 2 -  August 12, 1970  11:55 AM - John Warsam of the Natl. Industrial Conference Board called from NY and would like you to call him.  NYC - Operator 6,  AC 212 - 759-0900 2:55 PM -  Assistant Secretary of State Trezise call ed. his call be returned.  He asked that  (101 - 20396)  3:15 PM - Mr. Willis said he and Mr. Dale are planning to try to have lunch with Mr. Schleiminger before he returned to Germany next week; this means lunch  RR  on Thursday or Friday this week.  They want to talk about limited exchange rate flexibility, the SDR link and other matters that will be coming up in Brussels and Copenhagen and the UN General Assembly; Mr. Schleiminger will be going back to talk to Emminger and Schoellhorn and Mr. Willis and Mr. Dale thought it would be useful to have a general review of things with Schleiminger before he leaves.  Mr. Willis wondered if you would be  interested in joining them.  You're lunching with Wojlinower  tomorrow but are free for lunch on Friday.  IF they can  arrange the lunch for Friday, would you like to join in? YES NO 3:40 PM - Mr. Geng said Jim Smith just told him the House pass ed the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Savings Bonds rate increase.  Mr. Geng is available if you  are interested and have the time to discuss the markets, etc.  Messages for Mr. Volcker  - 3 -  August 12, 1970  3:45 PM - Mr. Bergsten called you and indicated he needed to talk urgently to whoever was drafting on the AID message; I said several people were working on it and I would have someone call him right away.  Mr. Willis called him and hooked Mr.  Finkel in on the call and told me later that Mr. Bergsten has to prepare a memo to the President on the Message today -they moved up the deadline and the Message is going up tomorrow night so the White House deadline is tonight for our comments.  I asked what the status was and Mr. Willis  said the boys are working on it and hope to have something in about an hour and asked if they could see you about 5:00. I said I thought that was fine and suggested they call as soon as they have the material ready, 3:50 PM - Mr. Mackour said the British Embassy asked State to arrange some appointments for John Gilbert, an MP over here on a study visit, who is interested in finance, economics, Intl. liquidity, etc., and would like to see you for a general discussion, if possible, on August 20th.  I gave Mr. Mackour  11:30 for Mr. Gilbert on the 20th. 4:40 PM - Mr. Springborn called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He said he is having a slight dispute  with State over the rewritten cable on the DM Gold Coin, and would like to see you this afternoon at your convenience. (2561)  1 Messages for Mr. Volcker  4  August 12, 1970  4:50 PM - Rose called and said Secy. wou ld like to see you when you return from your meeting. 5:25 PM - Jim Smith called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He asked that his call be returned. (2038)  1  Messages for Mr. Volcker  Tuesday, August 11, 1970  k. (He needs instructions Call Emmett Rice at World Ban  REMINDERS:  Board meeting.) before he goes into a 10:00 a.m. (2)  k of America in Return Mr. Prussia's call at Ben San Francisco.  (3)  Corp. in NYC Call Andrew Overby at First Boston re Mr. Sonne.  NOTE:  p.m. this The Volcker Group has been rescheduled for 5:00 afternoon.  CAL. NOTED.  of the Foreign Aid Message.*/ ft dra the ut abo led cal kel Fin Mr. 11:45 AR as possible. He would like to talk with you as soon  (2067)  t the Secretary is meeting with 12:05 PM - Mary Harris called to say tha   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  noon today - and has Mr. Shultz and Mr. McCracken at 12:00 asked that you stand by. you are on the Hill.  She has given him the message that  (Note,  The Secretary has a closed  in the Secretary's luncheon for Mr. Shultz and Mr. BcCracken I told Mary you have an outside luncheon She said she did not think you would be reting scheduled.) )asked by Secy. to lunch with them. Dining Room today.  - and Mr. Finkel */This draft was being changed this morning not en route to had been alerted to the fact that this was the Secretary.  He is going to intercept.)  Messages for Mr. Volcker  - 2 -  August 11, 1970  2:30 ?M - Mr. Patterson called and said  a Mr. O'Connahan called  from GAO and asked for a copy of the McKinsey report.  Mr.  Patterson said he didn't see anything to do but let him have it, although he is, of course, worried about this raising anew the old question about the use of ESF funds. 2:40 PM - Duane Saunders called and said he and his wife plan to be in Washington next Monday and Tuesday and wondered if you and M. Volcker might be free to have lunch with them on one of those days.  Since the Secy. will be away next  Monday, presumably Chrm. Burns won't be coming to Treasury for lunch and therefore you are free for lunch both days. I told Mr  Saunders you'd been spending your life on the  Hill with Wilbur Mills on the trade hearings for the last couple of weeks and you were up again today.  I told him  I'd convey the invitation to you and we'd be back to him. NYC - 770-2761 3:05 PM - Mr. Prussia called you again and would like you to call him.  San Francisco - AC 415 - 622-2689  4:10 PM - Mr. Widman said he talked to Mr. Petty last night and they   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  think it is extremely important for you to attend the 3:00 PM NSC Under Secy's Cmte. mtg, tomorrow on EC, preferential areas problems and others.  I told him Mr. Stechschulte knew  about your conflict and would alert Stans so they could ;try  Messages for Mr. Volcker  August 11, 1970  - 3 -  e. and let you finish and get away in tim  Widman said we  State lined up in have a real fight on our hands with and I guess just opposition to Treasury, STR, Commerce l be accomplished unless about everyone else, and nothing wil Treasury takes the lead.  He thinks it would be useful if he  s in the morning and and Mr. Pelikan could see you on thi bert, Agriculture, and find some way for you to talk to Gil ted front. Commerce to try to line up a concer  I told him  do our best. I'd pass this on to you and we'd NOTE:  you and to have you talk see to ds nee ly ent urg son ter Pat Mr. ves on vacation about room to Dr. Walker before the latter lea space.  morning and is scheduled Dr. Walker is testifying in the  to leave at 3:00 PM tomorrow.  Mr. Patterson knows you have a  but is going to stick around 5:00 o'clock Volcker Group mtg. to see you whenever that is over. said Chrm. Burns was going to & led cal y ard Mil ine her Cat 4:30 PM asury tomorrow and wondered lunch with Secy. Kennedy at Tre   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  usual lunch at the Fed. what you wanted to do about the they are short-handed but She said Mr. Holland was away and if you'd like to come. they can get some people together ther the Secy. was having I checked Rose Cicala as to whe al Monday lunch; she Burns to lunch here in lieu of the usu ething else -- just the checked and said no -- it was som  Messages for Mr. Volcker  - 4 -  Secy. & Burns alone.  August 11, 1970  Mr. MacLaury left at 4:00 today for  Texas and won't be back until tomorrow afternoon; Mr, Snyder and Mr. Carlock ere on vacation, as is Mr. Weidenbaum. In view of all this, shall we just cancel the lunch at the Fed for tomorrow? YES NO 5:15 PM - Peter Sternlight called and wanted to talk to you about   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  your request, via Mr. MacLaury, to get some information about Penn Central.  He dictated the following but would still like  to talk to you either tonight or in the morning.  He'll be  at home from about 6:30 PM onward but warned that he has been having trouble with his phone at home -- sometimes it works all right and sometimes it doesn't. spoke this afternoon with John Gutfreund, of Salomon Bros., following up Bruce MacLaury's question as to whether Penn Central could sell trustee certificates without a guarantee. In Mr. Gutfreund's opinion, these certificates would be salable under certain conditions, namely, that the trustees and the management of Pen Central gave convincing evidence that they were getting their house in order and that their  •  Messages for Mr, Volcker  - 5 -  August 11, 1970  their financial management was showing some signs of stability. The rate, of course, would have to be high -- that is a penalty for what they have gone through.  One essential point  would be to start making payments on their outstanding secured debt -- particularly equipment trust certificates.  He thought  that banks and insurance companies would, under these conditions, have some interest in Penn Central trustee certificates. "Salomon Bros. obviously would like to have the business of handling these certificates, and this makes it hard for me to evaluate Gutfreund's cominents.  But, even so, his  estimate of the possibilities sounds more encouraging than I have gathered from other sources.  Mr. Hayes mentioned to  me that, in any of his conversations with bankers, the possibilities for placing such certificates was very dim, indeed. One banker was even doubtful whether he would want the certificates with a Government guarantee, given the recent his 5:30 PM - Mr. Cohen called to suggest that you read the proposed Committee   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Report on DISC tonight -- and he is anxious totalk with you for a moment or two about it before you leave this evening. expects to be here for a while.  He  He knows your meeting wont  break until about 7:00 p.m. - and suggested that you call him then. -(5363)  _ 1 _  Messages for Mr. Volcker  Monday, Auust 10,1970  9:20 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today0 this morning 10:12 AM - Mr. MacLaury would like to see you as soon as he can/-- on the pricing of a FarmersY Home issue.  (5804)  10:45 AM - Julius Shiskin, Office of Executive Management s called.  He  is anxious to talk with you as soon as possible and asked that his call be returned. - 103 - 3730. 9:45 AM - Mr. Finkel called and asked if you had had any contact from State or 4ID concerning the Peruvian earthquake. not to my knowledge.  I said  Mr. Finkel said there is an AID  proposal that they want to tack on to the multilateral replenishment bill and Mr. Finkel would like to discuss this with you on the phone.  2067  10:J0 AM - Bob Bethke called & would like you to call him.  NYC -  943-4400 10:30 - Mr. Goldfinger called and said he would be tied up today but Tuesday is OK, as is Thursday. but he may have problems.  Wednesday is possible  He is leaving on vacation on Saturday.  I explained about the hearings and said we'd be in touch with him. 10:45 AM - Mary Harris called & said there will NOT be a 9:60 AM mtgc this coming Wednesday. 11:10 AM - Woodward Kingman (GNMA) returned your call of August 7. 138 - 56524.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  REMINDERS:  1:35 PM  - 2 -  August 10, 1970  (1)  Call Orm Fink.  (2)  Call Andy Overby re Mr. Sonne & then talk to Secy.  - Telephone message from Gene Knorr on H.R. 18306, Financial Institutions Bill: "2-hour rule open -- waiving points of order."  (This is legis. to replenish the multilateral  institutions.) 2:50 PM - Mrs. George in the Washington office of the London Economist   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  called to say that Marjorie Dean, their Financial Editor in London, is coming to Washington before the Copenhagen meetings and is very anxious to see you if possible to discuss intl. matters generally.  It would be most convenient for her to  be here the week of August 29 thru Sept. 6 but, if that is not convenient for you, she could be here Sept. 5 thru 13. I told Mrs. George we would be in touch with her after checking this out with you.  (783-5753)  You are speaking at the  Greenbrier Aug. 31 but could see her the latter part of that week.  OK to arrange? YES NO  Messages for Mr. Volcker 3;10 PM -  - 3 -  Peter Flanigan returned your call.  Monday, August 10, 1970 His secretary said he is  attending a reception at the White House at 6:00 p.m..this evening - and plans on leaving his office at 5l5 p.m. 3:12 PM -  The in-depth staff conference scheduled for Wednesday, Aug. 12, has now been shifted to Friday, August 14, in lieu of the regular staff meeting, starting at 8:45 a.m. to 10:00 a.m., in Room 4121.  Cal. Noted.  4:40 PM - Mr. MacLaury would like to see you as soon as you return   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  1 -  Friday, August 7, 1970  9:15 AM - Mr. Kearns called to say that he is available whenever you can see him today.  (128 - 21131)  9:55 PM - Mr. Willis called and asked to see you sometime today on a personal matter. 1020 AM - Nat Goldfinger's secretary called to express his regret at having to cancel out his luncheon engagement with you today, since he has been called to attend a Productivity Commission meeting at the White House today which is expected to last all day. Mr. Goldfinger will be in touch with you on Monday. NOTE:  Mr. Weatherbee's office has been informed you will have lunch in the Secretary's Dining Room -- FYI:  both  the Secy. and Dr. Walker are lunching out of the building. 12:15 PM - Mr. Petty called & would like to speak to you on the phone. 12:20 PM - Richard Youngdahl called and would like you to call him. NYC - 943-1200 12:25 PM - Mr. MacLaury wpuld like to speak to you on the phone. 12:30 PM - Mr. Mann returned your call. 12:50. REMINDER: 2.00   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He'll be in his office until  103 - 3680  Call Orm Fink.  180 - 2258  PM - Asst. Secy. Baker (DOT) called. returned.  -  -4tkertm  (13 - 27526)  He asked that his call be  Messages for Mr. Volcker 4:00 pm  - 2 -  . Petty called.  Friday  August 7, 1970  He asked that his call be returned. -- 2522.  5:10 pm - Mr. Willis has scheduled a Volcker Group meeting for 11:00 a.m. on Tuesday, August 11. (  Subject:  VG/LIM/70-21 -- attached)  Bergsten/Wonnacott Papers  CAL. NOTED,  We will hold  5:00 PM on Tues. for a fallback in case you have to be on the Hill in the morning NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Mary Finnerty had said she expected Mr. Geng to be calling in to get the financing results, so I asked her to ask him what dates had been decided on in Oct. for the financing cmtes. to be here.  She said he said the earlier dates -  Oct. 21 - 22 (WP-3 to meet in Paris Oct. 19 - 20) had been decided on but he had not informed the cmtes. pend ing the Secy's decision on whether the ABA Cmte. could be briefed and report in one day or whether they had to stay over for a report session on the second day.  He sees no problem in  telling Mr. Youngdahl about the dates even though we can't the Secy. let the ABA know until/has decided about their repo rting session.  Messages for Mr. Volcker  - 1 -  Thursday, August 6  1970  's called to say that the Secretary ice off e's rbe the Wea Mr. 9:00 AM no cook. Dining Room is closed today -to attend a trade you ite inv to led cal ary ret sec 9:05 AM - Mr. Flanigan's noon in Dr. Kissinger's meeting scheduled by him at 12:00 White House. office, 1st Floor, West Wing,  Attending also will  , Mr. Shultz, Bryce Harlow, be Dr. McCracken, Dr. Kissinger an. Fred Bergsten and Mr. Flanig NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ON CAL.  come in to see the Secretary Mary Harris suggested that you ls to say that he is running late. cal she ess unl AM 45 10: at  Messages for Mr. Volcker  - 2 -  August 6, 1970  11:30 AM - Mr. Weidenbaum said, with the Secy's Dining Room closed, he is planning to have a sandwich at his desk and, if you are planning to do the same, he is available to join forces. 11:45 AM - Mary Harris said Mr. McNamara cannot keep the 4:30 appointment with the Secy. tomorrow and she will have to reschedule. She checked around and has rescheduled for 4:15 on Tuesday, Aug. 11; it will be just you and the Secy. with McNamara, since both Mr. Petty and Mr. Wieczorowski will be away on vacation next week.  She understands about the uncertainty  as to how long the trade hearings may continue. 2:55 PM - Congressman Widnall called.  He said it was about the  proposed RFC Bill -- on which he wanted Treasury's opinion. I told him you were on the Hill and it probably would be late afternoon before you return.  He asked that you call him  as soon as you can. (180 - 4465) 3:00 PM -  Asst. Secy. Chas. Baker (DOT) called. call be returned.  3:05 PM   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He asked that his  Oixmd (13 - 27526).  Matthew Marks called.  Mr. Marks said you were present at the  W&M Committee the day before yesterday (Tuesday) when Wilbur Mills asked for an Administration position by Monday on a certain change in the countervailing duty law.  So far as  Mr.Marks is aware, no one has done anything on this, afteimis,t, contd/3  - 3 Thursday August 6, 1970 Messages for Mr. Volcker (Mrc Marks - contd) and he wanted to discuss this with you before pushing STR to call for an Inter-Departmental meeting. were about five agencies interested.  He said there  He would like your  concurrence on contacting STR to get an Inter-Departmental discussion going although no Treasury position is established as yet.  He stressed the fact tlat "time was running out."  He knows you are on the Hill and likely to return late also that you are xtOuldiaigdxfNIK to be on the Hill again tomorrow.  He indicated that he could talk only with you on  this matter. 3:20 PM -  (5538)  Mr. Golembe's secretary called to give the details of the reception and buffet which Carter Golembe Associates are giving this evening and which you have accepted on a "will try" basis.  The reception will  art at 6:30 p.m. in Suite  1207 at the Madison Hotel - with the buffet served at 7:30 p.m. It will last until about 10:30 p.m. - and Miss Barnes said you are welcome to come at any time. 4:50 PM -  CAL NOTED,  Orm Fink called. (He is leaving his office for the day now and didn't expect to be in his office tomorrow morning.) I told him I would give you the message that he had called.  5:20 PM - Mr. Geng stopped by.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He wanted to give you a run-down on  matters of interest to you since he is going to be on leave tomorrow (Friday) and also on expects to be on leave on Monday, (August 10).  Should he not see you this evening, he said he  will talk with Mr. MacLaury and fill him in.  Messages for Mr. Volcker 5:30 PM   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 4 -  Thursday, Algust 6, 1970  - Mr. Harley stopped by to inquire as to whether you had seen Mr. Kearns this afternoon.  He said they are supposed to (Friday, August 7) comment by close of business tom orrow/on a draft bill, "To establish the ExImBank Discou nt Loan Corporation as a reserve facility to assist in fin ancing exports from the United States."  (2748)  •  Messages for Mr. Volcker  - 1 -  9:15 AM - Orm Fink called.  August 5, 1970  He asked that his call be returned.  225-2258 9:45 AM - Gov. Maisel is holding the Fed lunch today.  Accompanying  you will be Messrs. MacLaury, Geng, Snyder, and Auten. REMINDER:  Call Under Secretary Van Dusen, HUD.  138 - 57123  10:45 AM - Cheri called and said the in-depth staff meeting which   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  had to be cancelled this morning was being rescheduled from 9:30 to 10:45 AM next Wednesday, Aug. 12, in 4121. Mr. Cohen & Co. will report on their activities.  You are  scheduled to meet with Dr. Danielian & his B/P Cmte. from 10:00 to a little before 11:30 that morning (they're to see Stans at 11:30).  You & Mr. Petty are to discuss DISC  at the 2:00 PM mtg. of Stans' Interagency Cmte. on Export Expansion.  I am told that Stans likes to keep these meetings  to about 2 hours and DISC is 3rd item on the agenda so you might be finished by 3:00 or 3:15 and could leave after you finish unless you want to stay for the other items.  The  tentative agenda, now on Stans' desk for approval, is: (1)  Coordination of foreign economic policy within the Executive Branch.  (2)  A report by Stans on the B/P & balance of trade at mid-year '70.  (3)  DISC.  (4)  Export financing.  August 5, 1970  - 2 -  Messages for Mr. Volcker (5)  Export Controls.  (6)  Foreign direct investment controls.  So far, only you, Mr. Petty, Secy. Rogers, Dr. Burns, Gilbert, and Mr. Williams, Deputy Administrator of AID, have indicated you would attend; they have not heard from the others. If you feel you need to attend all of the in-depth staff mtg., about the only place we have to shift Danielian & Co. is to late afternoon, say, 4:30 PM.  Shall we:  LEAVE DANIELIAN SCHEDULED FOR 10:00 AM TRY TO SHIFT TO 4:30 PM 2:15 PM - Secy's office called and said Mr. Flanigan has scheduled   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  a meeting for 500 PM tomorrow, Thursday, in his office, West Wing, White House, to discuss the memo to the President on "Options for a possible govt. loan guarantee program," a copy of which Flanigan sent the Secy. yesterday (orig. on Dr. Walker, your desk). Secy's office is also advising/Judge Pierce & Messrs. MacLaury & Weidenbaum about the meeting, since each received a copy of the Options memo. Mary Harris later called & said they were scheduling a briefing session in Secy's office at 9:00 AM tomorrow in preparation for the 5:00 o'clock meeting. could attend.  She asked if you  I said I guessed it depended on whether or  not you had to be back up before the Ways & Means Cmte. on the trade hearings.  On cal.  Messages for Mr. Volcker  NOTE:  - 3 -  August 5, 1970  Mr. Patterson has given up the idea of trying to have OASIA staff on Thursday afternoon but is still hoping for one at 9:30 on Friday morning in 4121.  You need to talk to Mr. Widman  before such a meeting is held. 3:40 PM - Secy's operator called and said there would be a Secy's Staff meeting at 9:60 AM Friday morning. 4:15 PM - Under Secretary Van Dusen (HUD) called. call be returned,  He asked that his  (138 - 57123)  4:25 PM - Peter Flanigan's secretary called to invite you to attend a tomorrow (Thursday, August 6) meeting he has scheduled for 5:15 p.m./in the Roosevelt Room, White House, of the Foreign Economic Policy Ad Hoc Committee, at which time ax a report on GATT meetings will be made. CAL. NOTED. 4:30 PM - Giddeon Cox, Savings Bonds Representative of the Office of the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Secretary, has invited you to attend the ceremony in the Secy's Office, tomorrow morning at 11:30 a.m., at which time the Secy. is presenting a flag to Mr. Weatherbee in recognition of his services as Inter-Departmental Chairman for Savings Bonds, CAL. NOTED.  Messages for Mr. Volcker  - 4 -  Wednesday2 August 5, 197  4:40 PM - Mary Harris called to say that the 5:00 PM meeting scheduled by Mr. Flanigan in his office for tomorrow to discuss the memo to the President on "Options for a possible govt0 loan guarantee program" has now been changed to 9:00 a.m. tomorrow (Thursday); as a result of this change, the briefing session for this meeting is now scheduled for 8:15 AM tomorrow morning in the Secretary's Office.  CAL. NOTED.  5:45 PM - Mr. Geng would like to come in to see you.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (5806)  Messages for Mr. Volcker 9:30 AM -  -  1  Tuesday, August 4, 1970  -  Mr. MacLaury has asked that we give Emil Pattberg an appointment with you on Thursday, August 6 - and I have put him down for 2:30 p.m. -- ON CAL. NOTE:  Mr. MacLaury's office has REINfix given this time to Mr. Pattberg's secretary - and mentioned the fact to her (per your discussion with Mr. MacLaury) that you would call Mr. Pattberg later today personally to confirm  (A.C,, 212-344-1515).  10:15 AM - Mr. Geng would like to come in to see you.  (5806)  10:30 AM - Dr. Walker's office called to say that a SubCabinet meeting is scheduled for Thursday, August 6th, from 2:00 p.m. to 4:45 pm, in the West Auditorium, State Department. agenda:  On the  SST - Executive Reorganization - Revenue Sharing -  and Fiscal '71 and '72.  On your calendar:  2:30 pm - Emil  Pattberg; 4:30 p.m. OASIA Staff & McKinsey&Company meeting, NOTE:  Dr. Walker will be unable to attend; Mr. Weidenbaum  has been invited and will attend. will not  Shall we say that you will attend?  -- Blanche Ferguson - 2801.  10:25 AM - Preston Martin returned your call.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He will be in Board mtg.  from 11:00 to about 12:30 and resuming again at 2:00 but his secy  said she could get him out for you if it is something  urgent.  129 - 5321  Messages for Mr. Volcker  August 4, 1970  - 2 -  11:15 AM - Mr. Petty called you but didn't want to get you out of the Consultants mtg.  I got the impression he may call  you again later on; in any event, he didn't ask that you call him. 11:20 PM - Mr. Wieczorowski called & would like you to call him. 181 - 2776 11:35 AM - Bob Bethke called and would like to speak to you on the phone sometime today or tomorrow.  NYC - 943-4400  11:55 AM - Mr. Prussia, Bank of America, San Francisco - called. He asked that his call be returned. (A.C. 415-622-2689) Mr. Prussia will be at lunch at 12:00 noon (Wash.  NOTE:  time 3:00 p.m.) 12:10 PM - Mr. Hunter of FNMA called you.  His secy. said he had to  leave for a lunch but Mr. Ross would be available to talk to you.  293-6066  12:35 PM - George Shultz called & would like you to call him. 12:40 PM - Mr,, Wolff called to report to you on the morning session.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I asked if he had any clue as to when DISC might come up; he said he thought probably not until around 3:00 -- they haven't finished on textiles but could finish up on this rather quickly -- in about 10 minutes -- if they wanted -and then they have the miscellaneous provisions of the bill  Messages for Mr. Volcker  - 3 -  August 4, 1970  to go over -- that, too, could be done rather quickly if they wished.  He said Mills said he wanted to finish up  this afternoon, but he has said that before.  They're to  resume at 2:00 PM but they don't always get a quorum on time. is to what happened this morning, Mills said he would recommend putting back in the GATT authorization and he wants something in on ASP to make it more palatable to avoid a veto.  On  textiles, the national interest exemption went in -- it is included now -- and there is a provision pending that is being discussed to have the quotas susceptible to termination by the President at the end of five years -- both on shoes and textiles. 12:45 PM - Mr. Geng said he talked to Mr. Ross and thinks they are   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  heading toward accommodation.  FNMA is ready to go for  half a billion at 2-1/2 basis points for the short end and 5 basis points for the long end.  Ross gathers that Van  Dusen would go along with that, that Kingman is adamantly opposed but Ross assumes Van Dusen would make Woody agree to it.  Ross suggested it would ;be helpful if you would  talk to Kingman and stress the importance of getting this issue off and sooth his feelings.  Mr. Geng said it is  really not settled yet so you may want to talk also with Van Dusen.  Mr. Geng thinks if Mr. Ross's arm were twisted  Messages for Mr. Volcker  - 4 -  August 4, 1970  real hard that Ross would go along with 5 basis points on the whole deal.  Mr. Geng said this represents a $10 0 million  cut-down from what they were prepar ed to do earlier and eliminates the shorter maturity and substitutes an issue of about 2 years.  Mr. Geng would like to discuss thi s with you  when you get back. 2:00 PM -  Orm Fink called.  1:50 PM -  Committee meeting and would call again later this afternoon. Ed Cohen called to inquire as to the time you were going to the Hill.  He said he was wing into another Sub -  I said it probably would be close to 3:00 pm.  since this was the time given for DISC.  He said he would be  leaving Treasury earlier. 2:45 PM -  Dick Janssen of the Wall Street Journal called.  He wondered  whether he might come in to see you sometime this week or next including on several subjects --/relati ons with the Federal Reserve Boa rd and the Common Market. Shall we arrange an appointment for Mr. Janssen? YES NO If yes, is it all right to give him 12:00 noon on Monday, August 10? YES NO (783-0164) 2:50 PM  - George Shultz called.  He asked that his call be returned.  (145-0) 3:20 PM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Mr. Prussia called again.  12:20 pm (He has just left for lunch 4xlamm mxm  San Francisco time.) I asked his secretary to tell MrJ3russia that you had not been in since his first call tod ay.  Messages for Mr. Volcker  - 5 -  August 4, 1970  4:u0 PM - Mr. Wieczorowski's secy. called and said he had talked to Mr. MacLaury and it wasn't necessary for you to call him. 4:15 PM - Orm Fink called again to see if you were available.  Told  him we'd call him when you got back. 5:05 PM - Mr. Prussia called again.  (He usually leaves his office at  5:30 p.m. (8:30 p.m. Washington time)). NOTE:  You will recall Amb. Schaetzel tried to reach you by phone from Brussels last Wednesday and, when you weren't available, his secy. told me he wanted to pin you and the Secy. down to lunch in Brussels on Friday, Sept. 18, with Barre and that he would call you again the next day.  JV'Pd oN  He did not call again.  I am  wondering whether you just want to let this hang fire for a while or do you want to get the Secy's approval and get some word back to Schaetzel.  If you'd like, I could ask Mr. Widman's  shop to draft a memo to the Secy. about this. REMINDER:  You wanted to talk to Mr. Widman before the OASIA staff meeting tentatively scheduled for either Thursday afternoon or  Friday morning.  5:20 PM - The Secretary's office has just informed us that the Monthly   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  In-Depth Staff meeting scheduled for 9:00 a.m. tomorrow (Wed.) has been cancelled.  •  Messages for Mr. Volcker  August 4, 1970  5:55 PM - Jim Smith stopped by and said he needs to see you -- a   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  member of Mills staff called and they need a letter from us on the Williams amendment on Savings Bonds that is more explicit than the one sent Williams and put in the record. Mr. Smith said he was going to go down and see Mr. Carlock I guess to ask him to start drafting.  Messages for Mr. Volcker  Monday, August 3, 1970  - 1 -  ed about lunch in the Secretary's call ce offi ee's herb Weat Mr. 9:30 AM Dining Room today.  The Secretary is out of town today;  the Dining Room today. Dr. Walker is not having lunch in Room will be open for Whether or not the Secretary's Dining X will you say we l Shal you. on lunch depends will not  lunch in the Secy's D.R(?  10:20 AM - Robert Solomon called‘  (5391)  He asked that his call be returned,  (147 - 238). 10:15  heduled for AM - Larry Malkin of Time Magazine has been resc noon on Thursday, August 6.  (Mr. Malkin is leaving for  a month's vacation on Friday evening, August 7 and then expects to continue on with a business trip to Europe.) ON CAL. 10:25 AM - Mrs. Volcker called.  She would like $125.00, in cash.  10:50 AM - Mr. Petty called from Mexico.  His call was transferred  to Mr. MacLaury. Banking 10:30 AM - Jim Smith called and said Orm Fink of the House   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Cmte. would like to talk to you sometime today about the Javits bill on loan guarantees.  I called Mr. Fink and  e told him you were on the Hill and might have to be up ther got in the afternoon also and it might be late before you a chance to phone him.  180 - 2258  - 2 -  Messages for Mr. Volcker  Monday, August 3, 1970  2:00 PM - Dr. Sainier and his staff director, Robert Harlan, are coming in at 4:30 p.m. this afternoon (instead of 3:00 p.m. as originally scheduled).  If you have not returned from the Hill,  they will talk with Mr. MacLaury. -- Mr. Pelikan informed. Sam Cal. noted. (Mr./Cross will sit in also.) 3:00 PM - Mr. Geng would like to see you on the mortgage backed bond. 3:10 PM - Mr. Patberg of First Boston called and would like you to call him. NOTE:  NYC - 344-1529  Mr. Patterson stopped by and asked us to hold two times for a possible OASIA staff mtg  with the McKinsey & Co. people -  4:30 on Thursday and 9:30 on Friday of this week -- he's trying to line up the Secy. for one of these times. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  On cal.  George Krumbhaar, of the JEC, called and said he would be going to Copenhagen for the Bank-Fund mtgs. representing the Minority of the JEC and wondered if he needed to have a diplomatic passport and whether he is entitled to seek Treasury's help in getting a hotel room in Copenhagen.  I told him I knew some  preliminary work was in train but I hadn't seen anything on details and it was possible our people hadn't gotten down to the nitty-gritty yet.  However, I said I would pass his inquiry  along to our people and someone would be in touch with him. I passed this to Hal Reynolds, in Hirschtritt's absence, and  Messages for Mr. Volcker  - 3 -  August 3, 1970  he said he had been intending to talk to Jim Smith & co. about the Congressional delegation to the Bank-Fund meetings and get something on paper for the Secy's approval.  He said  after he had talked to the Congressional Liaison people, he would call Mr. Krumbhaar. 4:15 PM- Dr. Harold Passer, Asst. Secy. for Economic Affairs, Commerce, called to talk with you about the Balance of Payments meeting which Mr. Schaffur is chairing at 10:30 a.m0 tomorrow morning. His call was referred to Mr. Schaffner. 4:25 PM- Mr. Schaffner called to say that he had spoken with Dr. Passer, and taken care of an u gent question -- but that Dr. Passer would still like to talk with you.  (189- 3523).  4:30 PM- Assistant Postmaster Gen9tal Hargrove called. his call be returned. 5:30 PM -Mr. Bergsten called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (103  5026)  He asked that  (177 - 8223) He (4,sked that his call be returned  Messages for Mr. Volcker  - 1 -  July 31, 1970  10:10 AM - Mr. Weatherbee's office called re lunch and I said you would lunch in Secy's dining room.  01  0:15 AM - Hans Widenmann called again and is anxious to talk to you about the Wall Street Journal article of yesterday on Swiss Bank Accts. and what to do about it.  NYC 530-4114  He said he could be reached at his place at the shore over the weekend --  i 1  .  10:20 AM - Mr. Wieczorowski's secy. called to ask whether you would come to Mr. W.'s office first or meet him in Mr. McNamara's office.  I said you'd meet him in McNamara's office, which  is Rm. A-1230, 12th Floor, 1818 H St., N. W.  14  On cal.  0:30 AM - Mr. Petty's secy. called & said Mary Harris said the Secy. & McNamara want to get together to follow up on their July 14th luncheon and the only time Mary has is 4:30 on Friday, Aug. 7th, which is clear on Mr. Petty's and Mr. Wieczorowski's cal. and also on yours, so they're scheduling it for then.  101  0:45 AM - Mr. MacLaury would like to see you for 15 minutes sometime today on fitting the Inter -American Bank borrowing into the other long-term borrowing.  REMINDER:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Call Nat Goldfinger - 293-5160.  /1,4  4.  - 2 -  Messages for Mr. Volcker  Friday, July 31,1970  p., called from New York. He Cor ton Bos st Fir r, owe lin Woj 2:40 PM -Mr. ust 13 and 14, and asked Aug on n gto hin Was in be to ng goi is with him. whether You would be free to lunch  Should you be  asked for an appointment with unable to lunch with him, he has a general discussion. you, preferably in the morning, for Shall we tell  ust 13 and 14. You are free for lunch on both Aug  h him on Thursday, August 13? Mr. Wojlinower you will lunch wit  /9An  YES  NO  .!0".  clear. Your calendar for Thursday morning is  Do you prefertOle  than lunch? just give him an appointment - rather YES 2:45 PM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  NO  /  called. Mr. Pattbag of the First Boston Corp,  -  3V  He said he would  e out -- and his ail was talk with Mr. MacLaury since you wer transferred.,  r Messages for Mr. Volcke  - 3 -  Friday, July 31, 1970  you about use called to talk to Ho e it Wh e th of ok Co 5:50 PM - Dick the World Bank and at re we u yo m hi ld to the trade bilL I soon for the Sequoia cruise as n ai ag y wa ur yo on be d woul ested that you call him gg su He . ry su ea Tr to as you returned He rwise tomorrow will do. he ot -nt ie en nv co if t tonigh for some time tonight. ce fi of s hi in be to s ct expe e outside phone to the Whit e th ; 11 27 514 is . No de The Co House would be 456 - 2711. like to talk to you tonight d ul d wo an ed ll ca s te Ga . Mr PM 5:55   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  ade bill -- it on something they have to do on the tr ght. won't help if he can't talk to you toni  He'll be in  1 -  Messages for Mr. Volcker 8:55 AM - Mr. Petty called.  Thursdayi July 30,1970  turned. He asked that his call be re  (2522)  ll to say that the Secretary wi ed ll ca or at er Op s y' ar et cr 9:00 AM - The Se 4426. a.m. tomorrow (Friday) - in 45 8: at g in et me f af st s hi hold ON CAL. that you will have ed rm fo in en be s ha ce fi ee's of 9:25 AM - Mr. Weatherb d. ng Room today. Cal. Note ni Di s y' ar et cr Se e th lunch in rned your call. 9:35 AM - Nat Goldfinger retu office this morning.  He can be reached in his  (293-5160)  n. 9:37 AM - Mr. Petty called agai  lk with He said he needs to urgently ta  you before 10:00 a.m. ed. 11:30 AM - Hans Widenmann call  rned. He asked that his call be retu  reet Journal today (page 13) St ll Wa e th id sa y ar et cr se s Hi oved Tougher Bill on Secret pr Ap it Un e at en "S e cl ti ar an s ha uld like to discuss with you. wo he h ic wh " ts un co Ac nk Ba n Foreig (A.C. 212-530-4114) ecked with Senator ch he id sa d an by d pe op st 11:15 AM - Mr. Potter und that Williams had fo d an g in rn mo is th ce fi of Williams'   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  which bill to tack the t ou ab s ll Mi ur lb Wi to en already spok are going to take a ey th d an to on t en dm en am Savings Bonds ral operating fund bill. ne ge ry su ea Tr e th at ok lo ,  He also  Record this morning l na io ss re ng Co e th de ma mentioned that you ) (7 eton on RR retirement). gl Ea by s rk ma re ed ch ta at (see  Messages for Mr. Volcker  - 2 -  July 30, 1970  12:30 PM - Mr. Jim Smith's office called to say there will be a 12:30 luncheon on Tuesday, Aug. 4, in Rm. 214 of the Congressional Hotel With members of the House Foreign Affairs Cmte. to discuss replenishment of the multilateral organizations. They said the Secy., Dr. Walker, you, Mr. Petty and Mr. Smith were to attend.  I reminded them that Mr. Petty would  be away all of next week and that is the day the Treasury Consultants are to meet  from 10:00 to 4:30 at Treasury.  On cal. 1:20 PM - Mr. Petty called.  He asked that his call be returned.  (2522)  2:15 PM - Mr. Petty called again and would like to speak to you. 2:30 PM - Mr. Knorr stopped by and said Dr. Walker will stay with   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the TreasuryxGoNsomitax Consultants next Tuesday while you and the Secy. have lunch with the House Foreign Affairs Cmte. members.  He said it was very important to have the  Secy. and you at this luncheon -- they expect it to be a difficult group to deal with.  Is this OK?  Messages for Mr. Volcker  - 3 -  3:55 PM - Hans Widenmann called again. ferred to Mr. Petty.  Thursday , . July 30, 1970  He asked to have his call trans-  His secretary indicated that if Mr. Petty  is available, then you need not return Mr. Widenman n's call. She will call back should he be unable to reach Mr. Petty. 4:55 PM - Mr. Wallich would like to see you when you are free.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  NOTE:  Mr. Cuullnings will be your driver on Friday (tomorrow).  Messages for Mr. Volcker  -  1  Wednesday, July 29, 1970  -  Geng and Wallich 8:55 AM - I have tentatively given Messrs. MacLaury, 2;30 p.m. tomorrow (Thursday, July 30) - re the study of the (Gapr-uf Mr. Geng's memo attached.)  debt management.  Is it all right to confirm?  NO  YES (5848)  OTHER  the Secretary 9:10 AM - Mr. Jurich called to say that he is meeting with at 10:45 AM this morning to tell him what happened on his recent European trip (Germany, Brussels and London) on the German offset and NATO- and wondered whether you would like to attend.  Cal. Noted.  nd you of your dental appt. 9:30 AM - Dr. Alpher's office called to remi with him tomorrow (Thursday) at 8.30 a.m. CAL NOTED. He would like to come in to talk with you  9:35 AM - Mr.Petty called.  number of things. this morning when you are free - about a (2522) ed. 9:40 AM - Larry Malkin of Tim2220alpe call   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He said he had s'inken  .••••••••••••••••  fing about coming with you yesterday at the time of the press brie week -- on a backin for about a half hour chat sometime next affairs uRxxx generally. ground basis and about international monetary/Emm pe early in (He mentioned the fact that he was going to Euro i/d September after an August vacation.) Shall we arrange an appointment?  YES  NO  ay, August 3? If yes, is it all right to give him noon on Mond YES  NO  OTHER  Messages for Mr. Volcker  - 2 -  July 29, 1970  10:30 AM - Mr. Robert Harlan, who identified hims elf as State Staff Director for Dr. Raymond Saulnier, Consultant appointed to the Secy. on excess currencies, called and said it was suggested that it would be useful for Dr. Saul nier, who he understands is a friend of yours, to pay a call on you. He said Dr. Saulnier would be in Washington next Monday thru Wednesday and said Mr. Petty might be inte rested, too. I told him Mr. Petty would be out of town next week.  He  also mentioned a Sidney Cox as someone in Trea sury who is interested in this.  Cox handles the accounts in Carlock's  shop; Mr. Pelikan follows the policy side.  I gave Mr. Harlan  3:00 PM on Monday; informed Mr. Petty and Mr. Peli kan.  The  latter said he would get some information on this and send you a briefing paper and he will plan to sit in if you have no objection. (Harlan's number at State is - 101 - 2149 4) 10:45 AM - Mr. Kearns' secy. called and said he was in California and had called from there to ask her to set up an appointment with you sometime next week -- he wants to talk about "the 6 percent rate and a few other things." next Wednesday.  I gave her 3:00 PM  Would you want Mr. MacLaury or Mr. Geng  or anyone else to sit in? 12:20 PM - Amb. Schaetzel called you from Brussels; his secy. said he   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  wanted to pin both the Secy. & you down for a luncheon in Brussels with Barre on Sept. 18th (Friday -- the day the Deputies meet in late afternoon). She also said Schaetzel would phone you again tomorrow.  _ 3 _  Messages for Mr. Volcker  Wednesday, July 29, 1970  5:00 pm - Diane Henry of the New York Times' office called to say that John Lee of their London office will be in Washington on Monday, Tuesday and Wednesday morning of next week (August 3,4 and 5). He has asked for an interview with you on trade. Do you wish to see Mr. Lee?  YES  NO  OTHER (Note:  Mr. Petty will be away next week.)  Miss Henry - 293-3100 NOTE:  Cheri has called twice today to ask whether or not youand Mrs  Volcker would be able to go on the Sequoia on Friday  night7-cruise & dinner with a Treasury group. YES NO 5:10 FM - Mr. Galvin called from New York to ask for a title for   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  your talk to the Savings Assn. League of New York State at White Sulphur on August 31.  They are very anxious to  have a title, however general you may wish to make it, instead of just listing it as "remarks by --."  He said  to call either Mr. Galvin or Mr. Kaner in NYC at 689-2290,  Messages for Mr. Volcker  - 1 -  July 28, 1970  11:00 AM - Mr. Petty stopped by and said George Meaney called on the Secy. about DISC today.  Nat Goldfinger was unable  to join in but it was agreed that we would be in touch with Goldfinger.  Rua  Mr. Petty recommends you renew your  efforts to be in touch with Goldfinger.  Nolan agrees that  the tax lawyers' approach on Goldfinger is wrong. NOTE:  Your driver for part (or all day) will be  Mr.  Cummings.  Mr. Coleman is seeing his dentist.  12:25 PM - Mr. Brumley stopped by & said the Western White House as of now plans to release the year-end figures and a general statement at 12:00 M Pacific Coast Time, 3:00 PM our time. They want us to put out the normal release that Treasury & BOB puts out after their general announcement.  After their  announcement Shultz & Weinburger will brief the White House press out there, and the Secy. wants you, Mr. Weidenbaum, and Carlock available to brief the Washington press in 4121 at about 3:00 PM.  Mr. Brumley said he is attempting to get  equipment and White House permission to pipe the San Clemente briefing into 4121 with loud speakers so the Treasury press and Treasury officials can hear the West Coast briefing. i2:30 PM - Mr. Patterson checked your calendar and, at Mr. Petty's   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  - 2 -  July 28, 1970  request, is arranging for you, hopefully the Secy., and Mr. Petty to meet with the McKinsey & Co. people and all of  ()Asia  1/  Staff from 2:31 to 3:00 PM on Friday, July 31, in  4121 to announce the results of the McKinsey Co. study, etc. On cal. 12:45 PM - Henry Simmons, of News Week, called and asked if you were going out to San Celemente this week to participate in the budget discussions; I said not so far as I was aware of. He then said he would like to see you sometime today or tomorrow about the deficits the Governmentgis running into. I told him you were tied up today and tomorrow on our quarterly refunding.  He then asked me to tell you he would like to  see you after the financing announcement.  He will probably  be tackling you. 12:50 PM - Mary Harris said the small staff mtg. axit which would normally be at 9:00 tomorrow morning will, instead, be held at 8:30 AM.  On cal.  2:30 PM - Mr. Flanigan called you.  I, 21.d you were in Secy's office  and could be reached therOf it were urgent. His secy. checked ,/ and said just to have ,y8u call him as soon as possible. 1/  Mr. Patterson later stopped by & said to change the time to L1:30 tM on Friday.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  _ 3  July 28, 1970  ask about the Fed 3:30 PM - Catherine in Dr. Burns' office called to lunch tomorrow.  I said we were in the midst of our quarterly  have refunding and the normal procedure was for Dr. Burns to g group lunch in the Secy's Dining Room here with our financin to review the final financing decision.  She asked if it was  to safe then to assume that no one from Treasury would come the Fed for lunch; I assured her that was the case.  (Mr. Geng  ng to later told me that Dr. Burns was hesitating about comi a the financing lunch here on the grounds that he was not , if technician, as was Mr. Martin, but had indicated that the Secy. strongly urged him to come, he would.  I gather  t called you haven't discussed this yet with Secy. and he hasn' Dr. Burns.) to Europe for 3:40 PM - Mr. Webster stopped by and said tre was going   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  next the GATT meetings and, since Mr. Petty would be away of week, he (Webster) felt the need to report the results on leaving the meetings to someone and also that he was planning he on Monday for two weeks' vacation on Cape Cod; therefore, wondered if he and Mr. Pelikan might see you as early on Monday morning as possible to report to you.  I suggested  ce, immediately after the early 9:00 AM mtg. in Secy.'s offi which Mr. Webster thought was fine.  Messages for Mr. Volcker  - 4 -  July 28, 1970  3:50 PM - Mr. Willis called and ask ed for an hour with you sometime on Thursday for a meeting of Tre asury people only (Petty, Schaffner, Willis, and MacLaury, if he is interested) on the B/P presentation before we sta rt the interdepartmental working group on this.  He thought this was important bec ause  Mr. Petty is going to be away nex t week and Mr. Petty has some ideas that Mr. Willis is not sure you will w agree with. I suggested 4:30 PM Thursday. On cal. 4:30 PM - Mr. Knorr stopped by and asked if you could attend a briefi ng   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  for the Secy. at 2:15 tomorrow in preparation for his session tk with "the Wednesday group" on the multilateral replenishment legislation at 4:45 PM tomorrow.  I said you normally were  woodshedded by your staff right after the financing lunch in preparation for your h press bac kgrounding at 3:15.  He  said they had lined up Mr. Petty and others for the 2:15 briefing and, since this seemed the best time for the Secy., he thought they had better leave it at that and you could decide whether you need to attend or not.  On cal.  - 5 -  Messages for Mr. Volcker  Tuesday, July 28, 1970  an invitation to you and 5:05 PM - Cheri Spalding called to expend dinner and a cruise Mrs. Volcker from the Secretary to attend is giving for on the Sequoia on Friday, July 31, which he Treasury officials.  The Sequoia will leave Pier 1 at the Navy  1' Yard at 6:30 p.m. - to return at 10:00 p.m. Shall we say you and Mrs. Volcker will attend.  will not (RSVP - Cheri - 8484) 5:25 FM -  Millie Griffin of Congressional Liaison has just informed us that the luncheon scheduled for 12:30 p.m. on Thursday, July 20 with the Republican Members of the House Appropriations Committee (re multilateral legislation) has been cancelled on account of Congressman Kirwan's funeral - which the Congressmen will all be attending. another time.  The luncheon will be rescheduled for  (Cal. noted.)  1/ You'd be expected to board at 6:15 PM and you & Mr. Wieczorowski are to see Mr. McNamara at 5:00 PM.  Will this be enough time with  McNamara, in case you go on the cruise, or shall we ask Mr. W. if he can try to make the McNamara appt. a bit earlier? to hitch a ride over 6:10 PM - Mr. Weidenbaum stopped by & would like   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  to the Madison with you for the IBA dinner.  F  Messages for Mr. Volcker  - 1 -  July 28, 1970  11:00 AM - Mr. Petty stopped by and said George Meaney called on the Secy. about DISC today.  Nat Goldfinger was unable  to join in but it was agreed that we would be in touch with Goldfinger.  REE  Mr. Petty recommends you renew your  efforts to be in touch with Goldfinger.  Nolan agrees that  the tax lawyers' approach on Goldfinger is wrong. NOTE:  Your driver for part (or all day) will be Mr. Cunnings.  Mr. Coleman is seeing his dentist.  12:25 PM - Mr. Brumley stopped by & said the Western White House as of now plans to release the year-end figures and a general statement at 12:00 M Pacific Coast Time, 3: 0 PM our time. They want us to put out the normal release that Treasury & BOB puts out after their general announcement.  After their  announcement Shultz & Weinburger will brief the White House press out there, and the Secy. wants you, Mr. Weidenbaum, and Carlock available to brief the Washington press in 4121 at about 3:00 PM.  Mr. Brumley said he is attempting to get  equipment and White House permission to pipe the San  Clemente  briefing into 4121 with loud speakers so the Treasury press and Treasury officials can hear the West Coast briefing. 12:30 PM - Mr. Patterson checked your calendar and, at Mr. Petty's   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  •  Messages for Mr. Volcker  - 2 -  July 28, 1970  request, is arranging for you, hopefully the Secy., and Mr. Petty to meet with the McKinsey & Co. people and all of 1/ OASIA Staff from 2:3G- to 3:'0 2M on Friday, July 31, in 4121 to announce the results of the McKinsey Co. study, etc. On cal. 12:45 PM - Henry Simmons, of News Week, called and asked if you were going out to San Colemente this week to participate in the budget discussions; I said not so far as I was aware of. He then said he would like to see you sometime today or tomorrow about the deficits the Government is running into. I told him you were tied up today and tomorrow on our quarterly refunding.  He then asked me to tell you he would like to  see you after the financing announcement.  He will probably  be tackling you. 12:50 PM - Mary Harris said the small staff mtg. ax2 which would normally be at 9:00 tomorrow morning will, instead, be held at 8:30 AM  On cal.  2:30 PM - Mr. Flanigan called you, and could be reached ther and said just to have 1/  you were in Secy's office if it were urgent.  His secy. checked  ou call him as soon as possible.  Mr. Patterson later stopped by & said to change the time to 11:30 AM on Friday.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  - 3 -  July 28, 1970  3:30 PM - Catherine in Dr. Burns' office called to ask about the Fed lunch tomorrow.  I said we were in the midst of our quarterly  refunding and the normal procedure was for Dr. Burns to have lunch in the Secy's Dining Room here with our financing group to review the final financing decision.  She asked if it was  safe then to assume that no one from Treasury would come to the Fed for lunch; I assured her that was the case.  (Mr. Geng  later told me that Dr. Burns was hesitating about coming to the financing lunch here on the grounds that he was not a technician, as was Mr. Martin, but had indicated that, if the Secy. strongly urged him to come, he would.  I gather  you haven't discussed this yet with Secy. and he hasn't called Dr. Burns.) 3:40 PM - Mr. Webster stopped by and said he was going to Europe for the GATT meetings and, since Mr. Petty would be away next week, he (Webster) felt the need to report the results of the meetings to someone and also thAt he was planning on leaving on Monday for two weeks' vacation on Cape Cod; therefore, he wondered if he and Mt. Pelikan  AAP It^  ight see you as early on  Monday morning as possible to report to you. I suggested *el/dy re/ immediately after the early 9:00 AM Jutg. in Secy.'s office, i h Mr. Webster thought was fine.  cio   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  - 4 -  July 28, 1970  3:50 PM - Mr. Willis called and asked for an hour with you sometime on Thursday for a meeting of Treasury people only (Petty, Schaffner, Willis, and MacLaury, if he is interested) on the B/P presentation before we start the interdepartmental working group on this.  He thought this was important because  Mr. Petty is going to be away next week and Mr. Petty has some ideas that Mr. Willis is not sure you will w agree with. I suggested 4:30 PM Thursday.  On cal.  4:30 PM - Mr. Knorr stopped by and asked if you could attend a briefing   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  for the Secy. at 2:15 tomorrow in preparation for his session kk with "the Wednesday group" on the multilateral replenishment legislation at 4:45 PM tomorrow.  I said you normally were  woodshedded by your staff right after the financing lunch in preparation for your la press backgrounding at 3:15.  He  said they had lined up Mr. Petty and others for the 2:15 briefing and, since this seemed the best time for the Secy. he thought they had better leave it at that and you could decide whether you need to attend or not.  On cal.  Messages for Mr. Volcker  _ 5 _  Tuesday, July 28, 1970  5:05 PM - Cheri Spalding called to extend an invitation to you and Mrs. Volcker from the Secretary to attend dinner and a cru ise on the Sequoia on Friday, July 31, which he is giving for Treasury officials.  The Sequoia will leave Pier 1 at the Navy  Yard at 6:30 p.m. - to return at 10:00 p.m.! Shall we say you and Mrs. Volcker will will not  attend.  (RSVP - Cheri - 8484) 5:25 PM -  Millie Griffin of Congressional Liaison has just informed us that the luncheon scheduled for 12:30 p.m. on Thursday, July 20 with the Republican Member s of the House Appropriations Committee (re multilateral leg islation) has been cancelled on account of Congressman Kirwan's funeral - which the Congressmen will all be attending. another time.  The luncheon will be reschedul ed for  (Cal. noted.)  1/ You'd be expected to board at 6:15 PM and you & Mr. Wieczorowski are to see Mr. McNamara at 5:00 PM.  Will this be enough time with  McNamara, in case you go on the cruise, or shall we ask Mr. W. if he can try to make the McNamara appt, a bit earlier? 6:10 PM - Mr. Weidenbaum stopped by & would lik e to hitch a ride over   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  to the Madison with you for the IBA din ner.  Messages for Mr. Volcker  -  9:15 AM - Mr. Wieczorowski called.  1 -  Monday, July 27, 1970  e asked that his call be returned.  (181 - 2776) 9:25 AM - Mr. Weatherbee's office has been informed that you will have  Pt  'unch in the Secretary's Dining Room.  YES  Is this all right?  NO  (Neither the Secretary nor Dr. Walker will be there today.) 9:30 AM - A'hold"has been put on 11:30 AM fox (on your return from the ill) for a financing group meeting.  (Arranged by Mr. Geng)  9:35 AM - Mr. Geng called to inquire whether you had had an opportunity to discuss with the Secretary whether or not to schedule a financing luncheon with Chairman Burns on Wednesday,  29.  12:05 PM - Mr. Wieczorowski called and said he'd checked on dates between RR  you and Mr. McNamara for a meeting at the World Bank and  5:00 PM on Friday, July 31st, seems to be a mutually agreeable time.  He said he was not sure whether Mr. Friedman will sit  elmaxpmx4Rx4Hutnmgx in on the meeting.  On cal.  I have alerted  Mr. Finkel so that he can send you a background briefing paper if appropriate. further 1:20 pm - Rex Beach stopped by to ask whether you had anything copy of the other than the/memo on the release of the budget figures   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Mr. Carlock had sent you this morning.  The Secretary is not  expected back from California until late tonight. Mr. Beach's concern is the possibility of a press conference in California requiring the Secy's presence in San Clemente -- and should this be the case, to get the word to him prior to his leaving San Francisco. (Mr. Beach - call through Secy's Oper.)  41.1=1=111111.  Messages for Mr. Volcker  - 2 -  Monday, July 27, 1970  5:40 PM - Stanley Wilson of Business Week called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  He said Senator  Javits revealed legislation today that might help Penn Central and other companies with a liquidity squeeze -in the form of a loan-guarantee approach.  He wonder whether  you had any on-or off-the-record thoughts on the Javits bill. (Rep. 7-6630)  July 24, 1970  - 1 -  Messages for M. Volcker  3:20 PM - Wm. Chartner, of Goldman Sachs, called again and said he wanted to ask you whether you could speak before the Downtown Economists Luncheon Group sometime this fall.  He said they  meet on the first Wednesday of each month, as you know, and he assumed the Sept. meeting, which will be on Wednesday, the 16th, later than usual because of the Labor Day holiday, might not be good because of the Bank-Fund meetings. confirmed that was the case.  The next one will be on  Wed., Oct. 7th, which I said might not be good because you were to speak in Raleigh, N. C. on Thursday, Oct. 8th, but I said I'd check this out with you.  He said they have  a speaker lined up for the November meeting, so the next empty slot would be Wednesday, Dec. 2nd.  Dec. 2nd might  be best because EPC is scheduled to meet Nov. 16-17 and there will probably also be a WP-3 meeting after EPC, which would mean there wouldn't be much chance of intl. meetings on Dec. 2nd.  OK to tell him you will do on Dec. 2nd? YES  tct  :D *LA/vf  (NYC - 676-7542)  NO  3:40 PM - Mr. Schaffner called and said Secy. Stans has written a letter   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  to Secy. Kennedy about another meeting of the Interagency Cmte. on Export Expansion on Wed., Aug. 12, and saying he particularly wants the Secy. to talk about the DISC proposal  Messages for Mr. Volcker  at 2:00 PM that day.  - 2 -  July 24, 1970  Mr. Schaffner wondered whether you  might not do this for the Secy; I said I thought you could, so he will draft a letter along these lines for your approval. (Your cal. is clear execepting that is usual day to lunch at Fed.) 3:45 PM - Mr. Lynn called and would like you to call him when you can. He's going into a 4:30 meeting and I told his secy. you might have to leave the office early today, so he knows you may not call him until Monday -- apparently it is not urgent. 189 - 4772 4:10 PM - Mr. Willis called and said he needs to see you and Mr. Petty together as soon as you get free on a cable on the link problem. 4:35 PM - Mr. Wieczorowski called & would like you to call him. 181 - 2776 5:40 PM - Mr. Dale called and said to tell you they have no decision   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  on the $800 million today; it was agreed to defer the matter until early September, when they will look at the whole gold matter over-all again.  Messages for Mr. Volcker PENDING:  - 1 -  July 23, 1970  (1)  ML. Geng would like to see you.  (2)  Mr. Rustad would like a fill-in on Williams amendment, etc.  (3)  5806  2466  Wm. Chartner, of Goldman Sachs, would like you to call him.  NYC - 676-7542  10:05 AM - Secy's Operator called and said there would be a staff mtg. tomorrow.  I asked her to check who was to chair, since  both Secy. & Dr. Walker will be out of town.  She called  back and said Mr. Beach said you would chair or, if you were not available, Judge Pierce would chair.  On cal.  10:06 AM - Mr. Willis' office reported that Mr. Dale said he might have to be a little late to a 4:30 Volcker Group mtg. on Monday but to go ahead and set it up, so they are scheduling it for this time.  On cal.  10:15 AM - Victor Mack raised the question whether it might ;not be a nice gesture if you phoned General Lincoln to let him know that Judge Pierce is now on deck and will attend the Oil Policy Cmte. mtg. this afternoon. 10:35 AM - Mr. Patterson called and said Mr. Petty had raised the question   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  with you yesterday late afternoon as to whether or not you might be able to meet with the McKinsey & Co. people late this afternoon.  I told Mr. Patterson I would check with  you as soon as I got an opportunity and let him know.  Messages for Mr. Volcker  - 2 -  July 23, 1970  10:45 AM - Mr. Flanigan's office called to ask if you could attend the 4:00 o'clock m trade meeting in the Roosevelt Rm. this afternoon, which he announced at the close of yesterday's meeting.  I said I would check with you when I could and let  them know but added that I suspected you would want to have Mr. Petty attend in any event.  She said all right.  I have  informed Mr. Petty's office. 10:50 AM - Dr.Walker stopped by and asked if you were going to NY tomorrow; I said I didn't know yet.  He asked that you let  Judge Pierce know as soon as you know, since the Judge will be Acting Secy. if you are not here.  He also said he would  like to see you if you get in before noon. 10:45  Makice Mann called please call him back  103-3680  11:10 AM - Jim Smith's office called & said they would like to set up another lunch on the bill to replenish the multilateral organizations -- this time with the Republican members of the House Appropriations Cmte. -- at 12:30 on Thursday, July 30th.  On cal.  12:00 M - Mr. Houthakker called and said to tell you that Paul   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  McCracken agrees with your proposal concerning the 800 million (he said you would know what this is about).  Messages for Mr. Volcker  - 3 -  July 23, 1970  called from the 3:05 PM - Mr. Potter's secy called and said he just Hill and dictated the following message for you:  "The  Conferees agreed to report accepting the Treasury compromise proposals, the benefits to run to June 30, 1972. Commission:  Senate  the Senate receded on the Prouty amendment and  note yield they adopted the new interest rate formula on the as opposed to a bond yield basis."  I conveyed this to Mr.  es you Carlock, who said he didn't think anyone else besid needed to know about it.  I did think to check to be sure  Mr. Mann had the word and his secy. said Mr. Potter had just called & talked to him and Mr. Mann was letting the people in the White House lnow. a problem with 3:30 PM - Mr. Willis called and said Mr. Weintraub had of some the 4:30 time for the Volcker group on Monday because meeting at 5:00.  After checking your calendar, Mr. Willis  said he would ask Mr. Dale if it would be all right to compromise at 4:00 PM for the Volcker Group.  His office  y. later confirmed they were firming it up for 4:00 on Monda to you sometime 4:00 PM - Mr. Dale called and said he needs to talk   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  agenda before the gold investment item comes up on the Board's a and tomorrow morning -- this is the second item on the agend will probably come up at 10:30 or 11:00 AM tomorrow.  Messages for 1‘iir  July 23, 1970  - 4 -  Volcker  4:15 PM - Mr. George Gray, of the Intl. Economic Policy Assn., called   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  and referred to Dr. Danielian's ltr. requesting an appointment for their B/P Cmte. to meet with the Secy. and the reply they' received saying you would meet with the group at 3:00 PM on Aug. 18th.  He said the members of that Cmte. are coming in  from out of town and have an appointment with Secy. Stans for 11:30 AM on Wed., August 12th.  They wondered if it might be  possible to shift their appointment with you to sometime on the 12th, either before the 11:30 meeting with Stans, lunch at 1:00 at the Metropolitan Club, or 3:00 in the afternoon. Your cal. is clear excepting that is usual day to lunch at Fed. I checked with Mr. Schaffner and he said he wasn't planning to to prepare anything for the meeting -- all you need is to listen to them and it really wasn't necessary for anyone else to attend -- he'd be glad to attend if you liked -- he thought the main thing was to minimize their demands on your time. I mentioned that Mr. Webster had indicated an interest in attending the 3:00 PM mtg. on the 18th.  You could see them  at 10:00 AM on the 12th (9:00 AM small Secy's Staff) or skip Fed. lunch & lunch with them at 1:00--these two possibilities might use the least amount of your time. you'll see them at:  (783-2787)  10:00 AM on the 12th 1:00 PM lunch on the 12th  OK to tell Mr. Gray  - 1 -  Messages for Mr. Volcker  Wednesday, July 22, 1970  8:40 AM - Peter Flanigan has scheduled a meeting on trade this afternoon at 5:30 p.m. in the Roosevelt Room, White House, which he has invited you (you only from Treasury) to attend. are:  Invited also  M2ssrs. Trezise, Stans, Shultz, Harlow and Gilbert.  ON YOUR CAL. -- You have a 3:30 p.m. meeting in Mr. Flanigan's office, and the Volcker Group scheduled for 4:45 p.m. in your office. will not  Shall we say you will  attend?  Do you wish to talk with Mr. Petty prior to 5:30 p.m. if you do attend?  YES  NO  (Linda Law - 145-2361) just called to say that he had been tary secre ten's Bergs Mr. AM 9:00  this afternoon - and invited to the trade meeting at 5:30 p.m. have the Volcker wondered now whether you were still going to Group° NE:  staff level today. A Fed luncheon is being arranged at the  Mr. Volcker (given to Mr.Volcker for gan Flani Peter from ge Messa 9:20 AM ves the later railroad appro z Shult lAr, -) phone the over   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  V/  retirement proposal."  Messages for Mr. Volcker  - 2 --  10:10 AM - Elmer Rustad called.  Wednesday, July 22, 1970  He said he hadn't heard from you since  your call on Senator Williams concerning the Savings Bonds and would like a few minutes on thoielephone with you to be filled in on the results.  (2466)  1:10 PM -  1:20 PM - Mr. Flanigan's office called and said, since you may be late   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  to the 5:30 trade meeting, it would be all right for Mr. Petty to be there at 5:30.  I have notified Mr. Petty's office and  told them that you and he would probably decide what to  do  about this at the Volcker Group meeting: lie., you woul d let him know whether or not you do want him to attend.  Messages for Mr. Volcker  NOTE:  - 3 -  July 22, 1970  Mr. Geng is still anxious to see you as soon as there is a chance.  3:30 PM - Mr. Willis would like to see you for 2 minu tes before the Volcker G,oup mtg. if you get back in time. 4:00 PM - Wm. Chartner, of Goldman Sachs,called and decl ined to leave a message or talk to anyone else -- said he had to talk to you personally -- although I told his secy. to tell him you had a tight schedule and I didn't know when you might have a chance to return his call.  NYC - 676-7542  5:20 PM - Phil Potter stopped by to say that he had just talked with Mr. Carlock and they didn't quite get finished with the figures.  They will work on them tonight and will have them  the first thing in the morning.  (Mr. Potter can be reached  at home should you want to talk with him later.  He is leav-  ing Treasury about 5:30 p.m° or 5:45 p.m.) 6:30 PM - Mr. Willis said you wanted to have another Volcker Grou p   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  meeting early next week and asked about Tuesday afternoon. I told him I hesitated giving a time without checking with you because that is the day our financing cmtes. are here; you're lunching with the ABA Cmte. and it reports recommendations at 5:15 PM that day (new time), followed by IBA dinner.  ML2ssages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 4 -  July 22, 1970  If you have a Volcker Group mtg. from say 3:00 to 5:15 on Tuesday, you won't have any time to consult with your inner financing group.  Wouldn't it be better to schedule  the Volcker Group for after your financing press backgrounding on Wednesday, say at 4:00 PM? YES NO  Messages for Mr. Volcker 9:00 AM - Mr. Geng called. the Hill.  - 1 -  Tuesday, July 21, 1970  He would like to see you on your return from  (5806)  9:10 AM - Mr. Weatherbee's office has been advised that you will have lunch in the Secretary's Dining Room today. 10:15 AM - Peter Flanigan called°  He was told you were on the Hill and  asked that his call be returned when you get back. 10:30 AM - Mary Harris called and said the Secy. would like you to attend a meeting in his place tomorr ow at 3:30 PM in Flanigan's office at the White House on "an Eximbank loan discount matter."  The meeting will also be attended by  Messrs. Schultze, McCracken, Stans, Kearns, and someone from States.  I alerted Mr. Petty's office, since he is  preparing a briefing paper for the meeting, and also alerted Mr. Willis, since this conflicts wit h the Volcker Group meeting.  Mr. Willis wonders if you would lik e to have  the Volcker Group rescheduled for 3:30 Thursday (your cal. is clear). YES OTHER 11:00 AM - Bill Simon called from NY and would like to talk to you   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  preliminary to your visit to NY on Friday about the refunding. He knows you are on the Hill & may have to go back in the afternoon(. Mr. Geng.  In the meantime he asked to be tra nsferred to NYC HAnover 2-8700.  Messages for Mr. Volcker  NOTE:  July 21, 1970  - 2 -  Mr. Patterson stopped by this morning and asked me to let him know as soon as the JEC Hearings were over what the outlook was for you to see the McKinsey & Co. people this afternoon.  1:20 PM -  2 30 PM - Mr. Willis has now arranged the Volcker Group meeting for 4:45 p.m. on Wednesday°  CAL,. NOTED.  3:10 PM - Congressional Relations (Millie Griffin) called about the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  luncheon Treasury is hosting for the Republican members of the House Banking & Currency Crate0 to discuss multilateral legislation (ADB, IDB, IMF and IBRD).  This is scheduled for 12:30 p.m,  at the Congressional Hotel - Room 214 - 300 New Jersey Avenue, ScE.  Attending from Treasury will be you, Dr. Walker, Messrs.  Petty, Jim Smith and Gene Knorr.  A list of the Republican  members attending will be provided.  CAL, NOTED.  Messages for Mr. Volcker  - 3 -  July 21, 1970  4:35 PM - Mr. Potter called and said he is tentatively scheduling   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  you and Mr. Mann to see Senator Eagleton and Congressman Staggers in Staggers' office, Rm. 2366 Rayburn HOB, at 10:45 AM tomorrow, which was the only time Staggers could do it in the morning.  He understands that Mr. Mann still  has to get a clearance with Shultz.  Messages for Mr, Volcker  - 1 -  Monday, July 20, 1970  8:55 AM -/Mary Harris called to say that the Secretary has asked you to attend a briefing in his office On his testimony before the JEC tomorrow (Tuesday, July 21, at 10:00 a.m.) on the JEC' s Mid-Year Review of the Economy.  CAL. NOTED  9:20 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. will not lunch in Treasury today.)  (Chairman Burns  CAL. NOTED  9:25 AM - Ken Gunther of Senator Javits' office call ed about a question, he said, he had left with you on Friday.  He didn't say anything  further, when he learned you were out of the office, exce pt to say that he will call again. 9:35 AM - Don Webster just called to say that Ken Gunt her had called him, to say that they are proposing a program whereby the Fede ral Reserve would guarantee bank loans to ailing firms such as Penn Cemtral.  They wanted to know from you -- would the  Treasury oppose the Fed issuing these guarante es. said Senator Javits is out of the city.  Mr. Webster  He suggested that you  call Ken Gunther as soon as possible after your return from the Secy's office, since the Senator will be call ing Mr, Gunther about 10:00 a.m. (180-0) 9:36 AM - Mr   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Weidenbaum stopped by.  He is looking for the final draft  of the Secretary's testimony - which he says you hive.  Messages for Mr. Volcker  - 2  9:40 AM - Mr. MacLaury called from New Jersey.  Monday, July 20, 1970 He said he wanted to chat  with you about an assignment that the Secretary had mentioned to him.  He can be reached on A.C. 201 - 793 - 1592 until  about 10:30 a.m. this morning; thereafter, he will call in again. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Mr. Morrow will be going on leave this afternoon. will be your driver until August 5.  Mr. Coleman  Messages for Mr. Volcker  - 3 -  Monday, July 20, 1970  3:15 PM - Mr. Willis has arranged a Volcker Group meeting in your office on Wednesday, July 22, at 3:30 p.m. 1)  Items on the agenda:  Further discussion of limited exchange flexibility in the IMF Board next week; (2) Position with respect $800 million gold debt to IMF; and (3) Other business.  (NOTE:  CAL. NOTED.  Mr. Willis just called to ask whether you had been asked tS attend a White House meeting at Cabinet level at 3:30 p.m. on Wednesday on ExImBank and budgetYwhich Mr. Kennedy will be attending. nS t have this on your calendar.  I told him that we did He said that Maury Mann  could not attend the Volcker Group meeting now set for Wednesday because of the White House meeting; and said also that the principals for the White House meeting now scheduled to attend are Messrs. Flanigan, Kearns, McCracken, Shultz, Kennedy, Stans and TreSdire.) The Executive Secretariat called to say that Dr. Walker is leaving Washington at noon on Thursday, July 23; that you will be Acting Secretary from noon on Thursday through Sunday, July 26the exception of the time you expect to spend in New York with Mr. Geng, on Frid.y, July 24, when it is expected that Judge Pidbe 1/  •wil be Acting Secretary.  CAL. NOFED.  Mr. Willis said he understands Kearns has talked the President into taking Eximbank out of the budget and this is what the meeting is about; he said Mr. Petty is preparing a briefing paper for Secy. Mr. Willis is going to leave the present arrangement for a VG mtg. at 3:30 on Wednesday standing & I promised to let him know immediately if you get involved in the mtg. on Eximbank.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  - 4 -  July 20, 1970  5:30 PM - Mr. Potter said Eagleton is not getting back to Washington until about 11:00 PM tonight but Eagleton is free in the early morning and his Staff will get word to him that you and Mr. Mann and Mr. Potter will be up to see him on RR retirement at 9:00 AM.  Mr. Potter has told Mr. Mann that  you and he (Potter) will pick Mr. Mann up at the 17th & G St. entrance to EOB at 8:45 AM. Mr. Cowan of the arrangements.  Mr. Potter is advising (Cowan can't make it tomorrow  because he'll be out of town.) 6:15 PM - Mr. Holmes called from the Madison and said he didn't have   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  anything special but thought he'd check in with you and would rather like to talk to you (I assume he meant before the OMC mtg. tomorrow).  He is in Rm. 327 but said he would  be going to Mr. Treiber's room, 337, and they'd probably be going out to dinner within the next half hour or so but Mr. Holmes said he'd be reachable at the hotel later this evening. 483-6400  Messages for Mr. Volcker REMINDER.  - 1 -  Friday, July 17, 1970  - 1/talk to Jim Smith this morning about direct borrowing authority.  8:25 AM  - Bill Magruder, DOT, called re SST developme nt. that his call be returned.  9:20 AM  He asked  (13-26376)  - Mr. Schiff called to ask whether you might be fre e at 4:00 pm this afternoon -- with the thought of moving the CED film project to that time rather than 5:00 p.m., in view of the meeting scheduled in the Secretary's office at that time. Your calendar isklear at 4:00 p.m., and Mr. Sch iff will call back to confirm that time.  (Hct needs to contact the other  participants and the film people.) 9:25 AM   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Miss Conway, secretary to Guy Noyes, Mor gan Guaranty Trust Company, New York called.  Mr. Noyes is coming to Wadlington  on Monday for a 3:00 pm appointment in the afternoon - and is asking about the possibility of see ing you at any time on Monday -- just for a general dis cussion. to see Mr. Noyes?  •  Do you wish  YES  NO ADAv If yes, we can give him 1480=Ft4en.  YES  NO  OTHER AQC. 212-425-2323 - Ext. 3173 (Miss Conway) NOTE: Mr. MacLaury and Mr. Geng wil l both be away on Monday, July 20.  11:10 AM -  July 17, 1970  - 2 -  Messages for Mr. Volcker  Mr. Willis would like to ask you a question about the Volcker Group.  I told him you were pretty jammed up  today and he said he was going to be away this afternoon and would ask Mr. Leddy to follow up bothon this and on the SDR paper, which they need to get to State as soon as possible for the meeting on Monday. 11:30 AM - Mr. Knorr stopped by and asked if you could lunch at 12:30 on Wednesday with the Republican members of the House Banking and Currency Cmte. to talk to them about the bill on replenishment for the ADB, IDB, IMF, and IBRD.  He said it  is important that you do this and this is about the only time they can get everyone together.  That is your usual  day to lunch at the Fed and, with the financing coming up, I told Mr. Knorr I wanted to check this out with you first. I asked about other p time possibilities and he said the only other day might be Thursday but it might be difficult to get the people together on that day and he would prefer doing it on Wednesday at lunch.  Is this all right?  YES NO 11:35 AM - Mr. Schiff's secy called and said the filming has now been rescheduled for 4:00 but it might be helpful if you could be there a little ahead. Dr. Wallich is going to hitch a ride over with you.  http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  0  .  Messages for Mr. Volcker  - 3 -  July 17, 1970  10:45 AM - Mr. Roosa phoned you; I explained you had a bad day and asked if it were something urgent.  Apparently it wasn't  because he left word that he would try again on Monday, and would try to get Dr. Walker if he couldn't get you then . 12:15 PM - Ken Gunther (staff man for Sen. Javits) and Geor ge Krumbhaar (Minority Economist for the JEC) phoned jointly about Javits' draft bill to provide for emergency guarantees of loans to business.  At the moment, their question is -- and they  would like to have an answer back first thing Monday -ix what your reaction would be to placing the implementation of the loan guarantee in the Federal Reserve.  Mr. Gunther  is on 180 - 6542 and Mr. Krumbhaar is on 180 - 5171. 12:25 PM - Derek Mitchell called and said you had had a conversa tion with Frank Figgures in Paris on burden sharing -- you were wondering about some European meeting on September 11. Mr. Mitchell just had a message from Figgures telling him what the meeting is -- it is a reference to the next NATO-Euro group meeting, a meeting of an informal kind attended by representatives, usually Ministers but sometime s   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  i  1  0  July 17, 1970  - 4 -  Messages for Mr. Volcker  officials of NATO member countries less the U. S., Canada, Portugal, France, and Iceland. not invited.  That is why the U. S. is  Mr. Figgures says we do not know whether  burden sharing is to be on the agenda as yet -- the agenda is not known.  I asked Mr. Mitchell if he knew the background  as to hpw and whylthis group came into being and he said they do not meet all that frequently and he thinks they were initiated or encouraged by Dennis Healey, but he does not know for what reason. in NATO.  They are the European elements  Mr. Mitchell added that he was leaving this message  for you because he is about to take off on a month's vacation touring the United States. 12:30 PM - Page Nelson called and wanted to let you know about certain developments, e.g., the Dutch did decide to buy $20 million in gold; Burma is selling us $21 million; and some exchange market movements are heavier today.  He will have all of  this in his weekly report, to which he will add a note if you do not have a * chance to talk to him.  He just wanted  to keep you informed. 10:10 AM - Joe Livingston called   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  and wanted to talk to you; I explained  you had a very tight schedule today and didn't know when you'd have a chance to take care of any calls. Operator 6 - AC 215 - EV 2-6666.  Philadelphia  Messages for Mr. Volcker  July 17, 1970  - 5 -  1:05 PM - Mrs. Volcker called to ask if we'd heard that Mr. Mayo was leaving Govt. and going to become President of the Federal Reserve Bank of Chicago.  She said it was just  announced over the radio.  2:00 PM - Mr. Magruder in the SST office of DOT called and referred   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  to the meeting with Secy. Kennedy and you yesterday, he said part of that discussion was that, at your convenience, Magruder would like to get his economics people together with you and whoever you think is appropriate to go over the revised B/P data for the SST.  He said they had had  revised data from State the CIA?and Air Force and it might take an hour to two hours. week.  They hoped to finish it this  He said there is a lot of new material and his people  have been talking and reviewing this with the manufacturers, CEA;,Commerce & State and, after they discuss it with Treasury, they will put it thru CEA but they want to talk to you first. I said the Secy. had sent you a red bound volume of material on the SST which I presumed he had left with the Secy. at the meeting.  He said that was true.  I asked if we might have  Messages for Mr. Volcker  - 6 -  July 17, 1970  any additional later data that was not included in that bound material (he implied first that there was additional data and later said k if he didn't send anything over we should assume that everything new was in the material they had left).  I said I thought a meeting would prove more  productive if our staff people had a chance first to analyze the new data they had assembled; that we would proceed with that and be in touch with him about a time for a meeting. I told him the first part of the week might be bad for you because of some other pressing matters and that, at the moment, it seemed as though Thursday might be the better He seemed satisfied with this, although he said he could come himself would be away on Thursday but his people/uNroucommax day.  to the meeting.  13 - 26378  4:50 PM - Mary Harris just called to say that Mr. Shultz could not make the 5:00 p.m0 meeting in the Secretary's Office this afternoon - and this meeting has now been rescheduled for 2:30 p.m. tomorrow, Saturday, July 18, in the Secretary's Office,.  Cal. Noted.  4:30 PM - Gene Cowan of the White House phoned and said during the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  meeting this morning there was some talk about your setting up a meeting with Senator Eagleton when he gets back on either Monday night or on Tuesday, which Mr.  .1  Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  •  - 7 -  July 17, 1970  Mann and he would attend along with you.  He wanted  you to know that he could do this on Monday night but will be out of town on Tuesday -- but if you do arrange the meeting for Tuesday you should go ahead anyway without him.  Messages for Mr. Volcker  1  July 16, 1970  11:)0 AM -  11:05 AM - Mr. Petty had phoned earlier to check your schedule today and tomorrow to find a time to set up another session with the McKinsey & Co. people, who were cancelled out of 4:00 today because of the trade mtg.  Mr. Patterson stopped by  and said he had scheduled them for 8:30 tomorrow morning; Mr. Petty thought you and he could skip Secy's staff. On cal. 12:10 PM - Mr. Suchman in Nat Samuels' office called to give a report   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  on the Roth visa for South Africa. He said they had word yesterday from the South African Embassy/that they were going to issue the visas yesterday.  There wasn't any problem.  It just  Messages for Mr. Volcker  - 2 -  July 16, 1970  normally takes them about one month to issue a visa.  Roth  and co. applied for visas sometime the first part of June and, since they were planning to make the trip a week from now, they began to get worried about not getting the visas. 3:25 PM -  Mary Harris called to say that a meeting has been scheduled by the Secretary in his office, on international economyi attended by Messrs. George Shultz and Paul McCracken, and possibly Peter Flanigan, and he has asked that you attend. This is for 11:00 a.m., tomorrow (Friday, July 17.) Mary indicated that this meeting will last until about 12:00 Noon.  ON CAL.  -- You are scheduled to speak at the Brookings Institution luncheon meeting at 12:15 tomorrow. 5:15 PM - Mary Harris called to say that the meeting arranged for 11:00 am,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  as stated in her 3:25 p.m. call above, has now been shifted to 5:00 pm on Friday, July 17, since neither Mr. Shultz nor Mr  McCracken were available at 11:00 a.m.  Ax4§xpm-- You have agreed to participate in the CED educational film on inflation with Chas. Shultze, Arthur Okun, Walter Heller, and Henry Wallich from 4:45 p.m. to 6:00 p.m. tomorrow (Friday), (arranged by Frank Schiff).  I gave Mary this prior commitment.  She said the Secretary had probably discussed this meeting with you and suggested that we let her know whether you decide to attend the meeting. Shall we inform her that you will contd 3  3 will not Secy's office.  attend the 5:00 pcm0 meeting in the priority Explain your/conflict to Mr Schiff and  expEss your regret at being unable to participate in the CED project? YES  7 \  NO  OTHER  5:40 pm - Mr. Geng stopped by to ask that we put a "hold" on 6:30 p.m. or 7:00 p.m. on Monday, July 27 - for a tentative dinner meetin with Fritz Larkin and other representatives of the ABA Cmte.-to discuss timings of future financings and security matters concerning the Debt Management Advisory Groups  CAL„ NOTED,  5:50 pm - Mary Ann Allin called to say that the Secretary was about to leave and wondered whether we had an answer from you as to whether or not you would attend the 5:00 p.m0 meeting tomorrow. I explained that you have been in a meeting at the White House since 4:00 p.m., and would get the message as soon as yo4 returned.  She said she would like to know this evening.  (2411). 5:55 PM - Mr. Mann called & would like you to call him (when you were not available he tried Dr. Walker who also was not available so he left word for you).  103 - 3680  6:00 PM - Mr. Geng is anxious to see you as soon as you return.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  - 1 -  July 15, 1970  9:45 AM - Frank Schiff called and said he talked to you yesterday about the inflation film and at that time thought there was a possibility they might want to change the time.  He wanted  you to know that they have decided to leave the time as originally set, although they may want everyone to be there 15 minutes or so earlier than 5:00 PM.  He will be in touch  later on details. 10:15 AM - Mr. Wallich's secy called to say he had selected Tues., Aug. 4, for the next Consultants meeting.  On cal.  They will send  agenda later. 10:30 AM - Mr. Flanigan's office called to say there will be another meeting on the trade bill in the Roosevelt Rm., West Wing, White House, at 4:00 PM tomorrow and asked if you could attend.  I said you could and have informed Mr. Petty so  he can brief you.  I assume you will decide when he briefs  you whether or not he should attend with you.  (This means  we will have to shift the McKinsey & Co. people from 4:00 on Thurs. to another time.) NOTE:  Mr. Hirschtritt would like to see you about the flack from the Hill on the World Bank prospective borrowing in our market.  1:15 PM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker  - 2 -  July 15, 1970  11:30 AM - Victor Mack's secy. called to say there will be an Oil Policy Cmte. meeting on Tuesday, July 21st, at 3:00 PM in Room 326, Winder Bldg., at which there will be a briefing by Wm. T. Vbcora  Director of the U. S. Geological Survey,  on the trctic Alaska Oil Corp.  Mr. Mack is on vacation thi  week and won't be back until Monday.  I told his secy. I  thought the OPC assignment was being shifted to Judge Ptirce but I wasn't sure of the timing and thought I had better check this out with you.  She will postpone calling Mr.  MacLaury about the July 21 mtg. until she hears further from us.  I assume you and/or Mr. MacLaury will want to  background Judge Pierce and perhaps Mr. MacLaury might accompany him to the first meeting or so until he gets his bearings? 1:40 PM - Dr. Walker's office called & said the Sub-Cabinet briefing that had been scheduled for 2:00 tomorrow has been cancelled. 2:35 PM - Mr. Englert stopped by & asked if you had received a copy of   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  the Javits proposal on guarantees of loans to business, which he said someone had sent to Rex Beach. seen it. chance.  I told him I had not  Mr. Englert would like to see you when there is a  Messages for Mr. Volcker  - 3 -  July 15, 1970  2:45 PM - Mr. MacLaury called and said to ask if you wanted any backgrounding in preparation for your backgrounding of the Mutual Savings Banks Cmte. at 10:00 AM tomorrow morning. YES NO NOTE:  Mr. Beach said Secy. would like to have you attend the mtg. with Henry Cashen, Depy. Asst. to the Pres. for Domestic Affairs, and Bill Magruder, Director for Supersonic Transport Developmen t, DOT, on SST at 3:00 tomorrow in Secy's office.  Mr. Beach said  that apparently, in view of all the flack from the Hill on the SST, the White House & DOT would like to get a concerted Administration backing to fend off the opposition. has our SST file and is presumably reading it.  Mr. Beach  Your cal. was  clear at 3:00 tomorrow, so I said you could attend.  On cal.  3:00 PM - Mr. Schiff's secy. called and said the filming would take place at 4:45 on Friday in the Washington Metropolitan Area Transit Authority Conference Rm., Rm. 138, in 950 South Bldg. at L'Enfant Plaza.  On cal.  (She said it would take from an  hour to an hour and a half.) NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Bill Dale called late yesterday and said he'd like to see you and asked if you were planning on having a Volcker Group mtg. I told him I hadn't heard anything 'about such a meeting and  1  Messages for Mr. Volcker  July 15, 1970  - 4 -  deal had happened in had the impression that not a great n to pretty slow motion. Paris and that things had ground dow would really like to He said he had a couple of things he k. talk to you about sometime this wee  I said you were  and things were planning to be out of town on Wednesday and Friday and we would getting a bit jammed up on Thursday I called Mr. Dale's secy. at  be back in touch with him.  was late this afternoon, 4:00 today to see what his situation see him sometime after in case you might be in a position to you get back from the Hill.  She said he was in Board mtg.  she will phone and let and it might last as late as 5:30 but us know when he does get out. NOTE:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  t the next WP-3 mtgs. I had alerted Mr. Geng to the fact tha y, Oct. 19 - 20, and were now scheduled for Monday and Tuesda uties' mtg. on Wednesday, told him there would probably be a Dep Wed. & Thurs., Oct. 21 -22, Oct. 21, which would conflict with the committees in the event dates I had been holding for the financing week earlier than it was decided to have those meetings one & Wed., Oct. 27 - 28). normally scheduled (regular dates are Tues. now seemed more likely that it/ d sai and oon ern aft s thi by d ppe sto He dates up for the Nov. we might want to move the financing Cmte. be discussing this financing; in any event, he said we would before long within the Dept  and with the advisory cmtes. and  ention. suggested I call the conflict to your att  Messages for Mr. Volcker 9:05 AM - Peter Flanigan called.  -  1  Tuesday, July 14, 1970  -  He asked that his call be returned.  -- I called Mr. Flanigan's secretary and asked that she tell him you had gone directly to the W&M Cmte0 on the Hill from your early morning appointment and that it probably would be close to noon before you got back.  Also, I asked whether  he would talk with Mr. MacLaury in your absence.  She  said she would call back if he did. 10:10 AM -  Chairman Preston Martin called. returned.  10:25 AM -  He asked that his call be  (129 - 5537)  Mary Harris called to say that the 9:00 a_m. meeting in the Secretary's Office tomorrow (Wednesday) is cancelled. Cal. Noted.  10:30 AM - Secy's Operator called and said Secy's Staff at 8:45 AM Friday would be held. 10:40 AM - Fred Deming, Sr.'s Secy called to say he plans to be in   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Washington this Thursday & Friday and would like you to have lunch with him on Thursday at 1:00 PM at the Occidental. I told her we have one of our financing advisory conmdttees scheduled to be here on Thursday and you are committed to have lunch with that Cmte. that day.  I also added that you  speaking at a luncheon at Brookings on Friday. would tell Mr. Deming.  She said she  Messages for Mr. Volcker  - 2 -  July 14, 1970  10:50 AM - Miss Donna Simms, the local representative of Monmouth   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Airlines at Natl. Airport, called (she had my name & number because I obtained your plane ticket for the trip to New Jersey tomorrow from her) and asked if you and the three other gentlemen were making the trip tomorrow.  I said so  far as I knew now you were but I couldn't speak for the others. (I had explained to her, in obtaining your ticket, that the people sponsoring the meeting in New Jersey had sent you and apparently the others complimentary plane tickets for the trip and you were returning your to the sponsors explaining that you could not with propriety accept the tickets -- I told her this because I knew she would find out that you were already ticketed and it might cause confusion.) She  indicated that she wondered,because only  you and Gov. Daane had gotten a second set of tickets, whether the other gentlemen were going on the trip. She said the reason for her call was that Mr. Robert Allen, in charge of publicity for Monmouth, would like to have some publicity pictures taken of you and the other gentlemen as you debark at Monmouth Airport which they would propose to use in the newspapers to publicize Monmouth Airlines; she wondered if you and the others would have any objection to this.  She said the people at the Airport would take the  Messages for Mr. Volcker  - 3 -  July 14, 1970  pictures -- they would not be taken by newsmen -- and no thing would be said about the purp ose of your trip to New Jers ey. I said I would check this out with you but suggested she ha d better check also with the ot her gentlemen. After this call, I called Gov. Daane's secy. and told her about the call and said she would probably be ge tting one as well and wonder ed what Gov. Daane's reaction wa s to this. She said she woul d tell him and let me know. Miss Simms is on 684-8824. 11:50 AM - Mr. MacLaury called . He would like to talk with you on the phone on your return from the Hill. (5848) 4:10 PM - Dr. Walker is anxiou s to talk with you as soon as you return from the Hill. (2801) 4:10 PM - Rex Beach called and said he understood you had sent a letter to the Under Secy's Cmte. in regard to the SST an d he asked to see a copy of it. I said you had served on the SST Ad Hoc Task Force, an interdepartmental group, in the early days of the Admi nistration which submitted a report to the White House, following which the Presid ent decided to back the produc tion of a mock-up of the SST, but that I couldn't recall your sending anything to an yone subsequent to that but woul d check. I asked what th e reason was for his inquiry and he said apparently some people at the White House feel that ,"now that the President ha s   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 4 -  July 14, 1970  backed the SST, everyone should fall in line."  He said some  and a Bill  people at the White House -- Henry Cashin  Thursday and Magruder at DOT are coming to see the Secy. on Mr. Beach wants to get himself backgrounded.  In response to  Thursday. my inquiry, he said they were coming at 3:00 PM on beyond I checked our file and couldn't find anything much Mr. the April, 1969, inderdepartmental report and asked Schaffner about this.  He said there were hearings on the  Hill two or three weeks ago in which Reuss and Proxmire both attacked the SST.  He said the only thing he could  big remember that Treasury had done on SST following the ties report was a letter had come over from one of the depu in DOT asking us to give him some B/P material on the SST and  ly Mr. Schaffner said he thought that went over informal  from him after clearance with MacLaury.  But he said he would  check his files and let us know.  k  Messages for Mr. Volcker  Monday, July 13, 1970  9:15 AM - Mr. Weatherbee's office has informed us that Chairman Burns will have lunch in Treasury today with the Secretary; that Dr. Walker is attending; and I have said you will attend also. ON CAL. W35 AM - Mr. MacLaury stopped by - and asked that we put two questions to you:  (1)  Where Savings Bonds stands? - and (2) Who is going  to see Senator Williams on Savings Bonds? ±:   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  -(5848)  - 2 -  Messages for Mr. Volcker  Monday, July 13, 1970  2:20 pm - Hobart Rowen of the Washington Post called.  He said he was  calling again since he hadn't heard from you when he had called the latter part of last weekc  He would either like to talk on  the phone or come in to see you -- about foreign economics and exchange foreign/Eximutgu. (PHONE: 223-6000, Ext. 396) 3:00 PM - Miss Lenhart, Senator Williams secretary, called  --  in answer  to your request for an appointment with the Senator  to say  that he will be on the Senate Floor all afternoon on the Alaska Claims bill, and you could see him in the reception room off the Senate Floor in the Capitol at any time that's convenient for you.  She has given you 3:30 p.m., and suggested that you  come to the Senator's Office, Room A 2213, New Sen. Off. Bldg., and she will escort you to the reception room off the Senate Floor.  (You have a closed luncheon in the Secy's Dining Room  at 1:00 p.m0 with the Secy., Mr. McNamara, et al - re Bank/Fund and a tentative mtg. with Hobart Rowen at 5:00 p.m. mtg./) ON CAL, (Miss Lenhart - 180-2444) 3:10 PM - Dr. Walker's office called to say that they had received a call SubCabinet from Mr. Campbell of the White House regarding a/meeting sheduled   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  for Thursday, July 16, West Auditorium of the State Dept. from 2:00 p.m. to 4:45 p.m. 1)  There are three subjects on the agenda:  SST; 2) Revenue Sharing; 3) Executive Reorganization.  She  said she must know today whether you will plan on attending. contd./2  mx•r  Messages for Mr. Volcker   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  - 3 -  Monday, July 13, 1970  On your calendar Thursday, July 16: Cmte. 1:00 pm - Luncheon by Mutual Savings Bank& with the Secretary and Treasury Financing Group -- at the Washington Hotel. At 4:00 pm, Mr. Rohrback and Mr. Frye of McKinsey & Co. are coming in to see you. Shall we say you will  will not  attend? In a further check with Dr. Walker's office, I find that the invitation to attend has been extended to Dr. Walker (who is unable to attend because he will be out of town), to you, Judge Pierce (who has accepted), Ed Cohen (who is out of the country), Mr. Weidenbaum (who has accepted ), Mr. Petty and Mr. Weatherbee. (Mrs. Baturin - 2801) I checked with Miss Ann Brunnell in Mr,, Campbell's office at the White House, who Edith Baturin said had  called and  asked her to extend the invitations to Treasury offi cials; Miss Brunnell said it is just one of the briefing sess ions Mr„ Weidenbaum has been asked to do the briefing on revenue sharing; she thought Mr. Shultz would brief on the reor ganization; but she didn't know who was ddng SST.  It  will be all right for you to come late and leave early if necessary.  Messages for Mr. Volcker  - 4 -  July 13, 1970  5:30 PM - Mr. Petty stopped by & said he nee ds to debrief you on the executive session he just attended on dis c and on one other matter before you leave this evening. 5:40 PM - Mr. Flanigan called & would like you to call him when you   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  are free (he said it wasn't urgent and not necessary to interrupt you when I explained your sit uation).  A _  _  Messages for Mr. Volcker  Monday, July 13, 1970  5 5:20 PM - Mrs. Paskus of the Office of the Chief Protocol of State,   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  called to invite you to a luncheon on Thursday, July 23, at 1:00 PM in the John Quincy Adams Room at the State Department hosted by Secretary Rogers in honor of His Excellency Urho Kehhonen, President of the Republic of Finland.  I inquired  whether this is an invitation which would normally be offered the Secretary and whether Protocol had been advised that you were Acting Secretary on that date. the invitation was  Mrs, Paskus said no - that  for you as Under Secretary for Monetary  Affairs - but they were interested in learning that yo4would be Acting Secretary on the 23rd since this would affect their seating arrangement. On your calendar for Thursday, July 23 - you are scheduled to lunch with Irving FrieRdman in the World Bank Dining Room. Do you wish to ACCEPT Depatment invitation.  REGRET  If accept, shall we arrange the luncheon  with Mr. Friedman for anothe (RSVP:  the State  day?  Mrs. Paskus - 101-21144.)  YES  NO  Messages for Mr. Volcker  July 10, 1970  - 1 -  10:00 AM - Mr. Leach stopped by and would like to see you sometine when you're free  nottrgent.  I asked him if he knew  what the subject was of the Secy's mtg. on NATO at 3:30 on Monday and he said he thought it was about Jurich talking to some Finance ministry people abroad about their picking up more of the budgetary support for U. S. troops. 10:05 AM - Mr. Petty's secy stopped by and said he left a note for her to call and "remind you this morning of your intention to talk to Nat Goldfinger of AFL-CIO. prior to Tuesday morning."  Might be good to do  (He's on the Executive Council  & Director of Publications, Research Section.)  293-5000  10:20 AM - Some man whose name I didn't catch but who said he was   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  with the Jack Anderson solumn, called and asked for the correct spelling of your name and your correct title.  He  also asked if you had come to Treasury from Chase and what your position had been with Chase. since it is public information.  I gave him this information  Messages for Mr. Volcker  - 2 -  July 10, 1970  3:10 PM - Mr. MacLaury asked if you'd said anything about releasing the letter on the V-loan.  I told him you had not to me.  He'd like to see you when you return to see if you have given this consideration. 3:20 PM - Frank Schiff, of CED, called and said they are planning to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  do an educational film on the general subject of inflation which will probably not come out until the Fall, probably, and they would like to have a brief panel discussion by a group of prominent economists and he wanted to ask if you might be able to participate on such a panel with Charles Schultze, Henry Wallich, Walter Heller and Mr. Schiff. Heller will be in Washington next Friday a week (July 17th) and he would only be able to participate if the film can be made on that day at 5:00 PM.  The alternative dates, when  Mr. Heller would not participate, are July 29th, 30th, and 31st.  He said the filming probably wouldn't take more than  an hour and the part of the  1.1m they would use would be  only half an hour or maybe less, after cutting.  He said  they would probably have questions to show the participants before hand.  He asked me about your availability on July 29th,  30th & 31st, and I told him I thought those dates were out for you because you were financing on the 29th and had foreign visitors on the 30th and 31st (Mr. Petty asked us to hold  Messages for Mr. Volcker  - 3 -  July 10, 1970  July 30th and 31st for a visit from Benson).  He then asked  about next Friday and I hedged on that and said I would put the question to you as to whether or not you thought you could participate.  He said their office switchboard  closes at 5:00 (296-5860) but he can be reached at home later on -  .  4:40 PM - After some checking of calendars back and forth, Mr. Petty's office asked us to schedule you to see the McKinsey & Co. people from 4:00 until 6:30 or 7:00 PM on Thursday, July 16. Mr. Patterson said Mr. Petty is going to give you a copy of the McKinsey & Co. report tonight for you to read and the purpose of the meeting will be to give the McKinsey & Co. people your reactions.  Your cal. is clear at from 4:00 until  the wine tasting at 8:30 on next Thursday, so I've put that down. 4:45 PM - Mr. Liebling stopped by and would like to see you again   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  he said you hadn't given him an answer and he has further information.  -  aL  7; /776 70  - 1 -  Messages for Mr. Volcker  4:00 pm - Richard W. Richardson of the Senate Banking Committee called. He said he was lunching with Mr. Weidenbaum on Friday, July 10th, and wondered whether he might come in to see you at 11:00 a.m. (prior to his seeing Mr. Weidenbaum), to talk about setting up some hearings in the International Finance SubCommittee. Your calendar at 11:00 a.m6 is clear. have an 8:30 a.m0 appointment with Dr. Milobsky.) Mr. Richardson 11:00 a.m.  (You  I gave  and told him that should there be  a conflict I would call him prior to that time,  ON CAL.  (180-7391) 4:20 PM - The Secretary's Operator called to say that the Secretary's Staff meeting for Friday, July 10, has been cancelled. CAL. NOTED. 5:00 PM - Mr. MacLaury has arranged a meeting of the Treasury Financing Group for 2:30 p.m. on Friday, July 10, in your office, on the scheduling of long-term Agency issuer, etc.  ON CAL.  Wednesday, July 8, 1970 3:00 PM - Robert Whittington of Congressional Relations, DOT, called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  I asked his secretary to tell him you were out of the country and expected back on Thursday afternoon and asked whether mr, MacLaury (who was out of the building in a meeting) might return his call.  She indicated she would call back should  Mr. Whittington want his call returned.  2  Messages for Mr. Volcker 5:30 PM -  called Mr. Petty's office/with the message that the Ways & Means Committee, in Executive Session on Tuesday, July 14, will consider DISC.  (Information is not yet available as to the  time and room - although Mr. Petty's secretary thought it probably will be at 10:00 a.m.)  ON CAL.  NOTE: Mr. Petty asked that you be reminded that before you *Secy's Ca1.7/14 9:30 10:30 11:00 12:30  AM AM AM PM  -  Hill Hill Off.appt. Off.Appt.  left for Paris  you had mentioned to him that you  thought the Secretary should be present at least for the first hour, saying - "We'll see Mr. Volcker on Friday and see if he still feels that the Secretary  *  should make the appearance." Attending the session also will be Mr. Nolan and Bob Patrick of Mr. Cole's office.  ON CAL. Thursday, July 9, 1970  9:15 AM -  NOTE:  In an attempt to get some firm information on the time of the Executive Session of the W&M Cmte. on Tuesday, I was told that a public announcement had not as yet been made and therefore the time was not available.  9:20 AM - Mr. Geng checked your calendar for Friday, July 10, prior to   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  contacting Senator Javits' office for an appointment for you with the Senator.  He will inform us of the time.  •  _  Messages for Mr. Volcker  (0-7/ I 3 -  10:45 AM - The Oil Policy Committee meeting (Room 326, EOB-A) has been rescheduled for 2:30 p.m. this afternoon.  Mr. MacLaury is  attending. 11:45 AM - Hobart Rowen, Washington Post, called -- about the gold crisis report in France -- and asked that his call be returned. Note:  (223-6000 - Ext. 396)  The call was referred to Mr. Nelson, who knew of no gold crisis report in France.  He will talk  with Mr. Rowen and call back. 2:50 PM - Mr. Nelson called to say that he had talked with Mr. Rowen want , who said the report from Paris was garbled and didn't really/to, (Mr. Nelson) tell him/what it was all about. Mr. Rowen would wouldKlike to talk with you.  Mr. Nelson would like to talk with you  about the Dutch and Swiss dollar holdings, and the Italian IMF drawing and asked that we call him should you have some free time this afternoon.  (2884)  2:55 PM - Mr. Geng would like to see you. 3:05 PM - Mr. Jurich called.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (5806)  He is anxious to consult with you some-  time tomorrow morning prior to his 10:00 a.m0 appointment at State on NATO.  I told his secretary you had an 8:30 a.m. in the morning dental appointment and that we would call Mr. Jurich/when had you kayo/returned. (5264)  Messages for Mr. Volcker  - 4 -  July 6 - 9, 1970  Thursday, July 9 (Cont.) NOTE:  I asked Mr. Weidenbaum about Richard Richardson, who had asked to see you on Friday.  He is the Staff Man for the  Muskie Subcmte. on Intl. Finance of the Senate Banking & Currency Cmte. (Majority members Sparkman, Williams, Mondale, Hughes, & Cranston, and Minority members Goodell, Bennett, Tower, and Packwood).  Richardson is a Ph.D from Johns Hopkins,  taught at Princeton, was Deputy head of the Intl. Branch of Budget, and was Vice President for Research for one or two Wall Street Firms before taking on his present job on the Hill. Weidenbaum is planning on having lunch with Richardson at 1:00 PM. Unless you feel you want to spend 2 hours with Richardson, I will call up and ask to shift his appointment to noon.aild YES NO 3:20 PM - Mr. Suchman in Nat Samuels office called and said Mr. Samuels   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  asked him to check with you office regarding some more information on the South African Visa for Mr. Roth.  He said  the UN knows nothing about Mr. Roth nor does the South African Embassy in Washington have any record of an application for a visa by him but they said it was possible that Mr. Roth had applied for a visa at some South African Consulate in some other part of the U.S.  Mr. Suchman said he understood  Messages for Mr. Volcker  - 5 -  July 6 - 9, 1970  Thursday, July 9 (Cont.) that Mr. Peacock of the Crocker Citizens Ban k of San Francisco had initiated the inquiry with you and he wil l be gladt to phone Mr. Peacock for the additional inform ation needed if if that is all right with you but he didn't want to do it without your okay.  He said the South African Embassy here  said the additional information they needed in order to track down the matter is:  When and where Mr. Roth applied for the  visa and when his application was denied, wha t is the purpose of his trip and whether or not Mr. Roth was planning on traveling alone or with a group.  With this information, the  S. A. Embassy here said they could cable bac k and get some information for State.  Is it all right for Mr. Suchman to  phone Mr. Peacock directly or what do you wis h.  101 - 20758  4:30 PM - Joan Maguire in Senator Javits off ice called and said she   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  understood from Ken Gunther of their staff that you wanted to see the Senator tomorrow (Mr. Geng had ale rted us that we would be receiving such a call).  She said the Senator  can see you at 2:30 in Rm. S. 123 in the Capitol. her that would be fine.  I told  Mr. MacLaury is shifting the financing  group meeting from 2:30 to 4:30 tomorrow.  On cal.  -  Messages for Mr. Volcker  - 6 -  5:35 PM - Rose Cicala called to say that the Secretary has scheduled a meeting on NATO in his office at 3:30 p.m. on Monday, July 13, which he has asked that you attend. Mr. Jurich and Mr. Beach.  Attending also are  ON CAL„  6:00 PM - Mr. Flanigan's secretary called to say that he has arranged a   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  meeting for 4:30 p.m. tomorrow (Friday, July 10) on the Mills' Trade Bill, in the Roosevelt Room of the White House, which he is inviting you to attend.  Attending also are:  Carl Gilbert,  Under Secretary Siciliano of Commerce (for Secy. Stans), Nat Samuels  George Shultz, Fred Bergsten, Mr. McCracken and  Secretary Hardin of Agriculture.  Your calendar is clear  ON CAL.  Messages for Mr. Volcker  - 1 -  July 2, 1970  9:50 AM - Mary Harris called and said the Secy. would like you to •  attend a closed luncheon he is having on Tues., July 14, in his Dining Room, with McNamara, Wieczorowski, & Petty to talk about the Bank-Fund mtgs.  Cal. clear.  --  On cal.  9:55 AM -  10:45 AM - Irving Friedman of the World Bank called to remind you tha   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  '''5 you and he had discussed lunching together sometime durit offalthe week of July 20th. Is it all right to set up a luncheon date?  YES  NO  If yes, your calendar for lunch on Thursday, - -Rpoo,. /:-.1:-___/_ NO clear. YES  44  %  OTHER (Miss McGregor - 181-3665)  23 .cis  Messages for Mr. Volcker  - 2 -  July 2, 19741  12:50 PM - Mr. Hirschtritt called and would like to spe you or, if that is not possible, speak to you on the phone after lunch. 1:10 PM - Mr. Petty's office called and set up the mtg. on DISC at 4:00 this afternoon with Messrs. Petty, Nolan, Patrick, Schaffner, and Kthock.  On cal.  1:30 PM - Victor Mack's secretary called with the message that a meeting of the Oil Policy Committee has tentatively been scheduled for 3:00 p.m. on Thursday, July 9, in Room 326, EOB-A.  (I asked  her to let Mr. Mack know that you will be en route back from Paris on July 9.)  Cal. noted.  4:25 FM - Mr. Houthakker called.  He asked that his call be returned.  (103-5046). 4:40 FM - The Executive Secretariat has advised us that you will be Acting Secretary on Thursday, July 23. Cal. Noted.   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  (Secretary in Bohemian Grove - July 23-26) (Dr. Walker in White Sulphur 4rings - July 23-25. You will be in New York on July 24.)  Messages for Mr. Volcker  1  OM  Wednesday, July 1, 1970  10:10 AM - Mr. Potter, in Congressional Relations (Jim Smith's shop), called & would like to,, peak to you on the phone sometime this morning.  858  10:35 AM - Bill Ross called & would like you to call him.  293-6066  2:30 FM - I talked with Congressman Springer's secretary and confirmed the 11:00 a.m. appointment with the Congressman for Monday, ON CAL. July 6./ She said the Congressman had left the Floor -- she didn't know whether to expect him back in the office or when to look for him this afternoon.  I mentioned the fact  to her that you had asked whether he was reachable by phone. She will let us know if he returns. She also said that he early was leaving on a holiday weekend/in the morning tomorrow and will not be in his office until Monday morning. 2:45 PM -  Mr. Petty called from the State Department, where he is attend ing a trade meeting. 5:00 p.m.  MO MB  He expects to be back in his office at  Should you want to talk with him before then,  his office knows where to reach him. 2:55 PM -   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Jim Smith stopped by.  He was told that the Congressman is  seeing you at 11:00 a.me on Monday; diso that you may talk with him by phone this afternooa, if po3sible. Mr. Smith would like to talk with you on your return to the office.  (2038)  Messages for Mr. -\,olcker  - 2 -  July 1, 1970  3:10 PM - Mr. Willis called re attached message from DeFalco in Rome to ask if we'd received an invitation to the Tuesday Emminger lunch.  I told him we had not.  He said to tell  you that Ossola will probably call you in the next day or so (he asked De Falco to tell Ossola that Friday was a holiday here) to talk about proceedings at the G-10 mtg. OK for Mr. Willis to accept the Chadwick dinner invitation for Tuesday tomorrow (he said Gov. Daane said it was OK to accept for him tomorrow)? YES NO Shall I change your reservation to Paris from Sunday night to Monday night? YES NO 3:25 PM - Maurice Mann called   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  e asked that his call be returned.  (103-3680)  4  Messages for Mr. Volcker  July 1, 197u  - 3 -  3:15 PM - Secy. Shultz's secy. called and said she had called   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  Secy. Kennedy's office and had been referred to your office and that she was trying to set up a meeting on Railroad Retirement at 11:00 on Monday.  I told her you  were very much involved in this legislation; that you had been talking to people on the Hill and had, in fact, tried on this to see Congressman Springer today/but were unsuccessful; that the Congressman's secy. said he could see you at 11:00 on Monday and you said to accept that but that you were in fact presently scheduled to fly to Paris on Sunday night for intl. meetings on Tuesday and Wednesday ; that you could fly over on Monday night but it would mean going right from the plane into meetings and you were waiting to see how things developed before deciding whether to fly over on Sunday or Monday night. possibility of a weekend meeting  I asked if there were any She said there was a  chance Secy. Shultz might return on Friday night, in which case it might be possible to have a meeting on Saturday -but apparently the President, like you, keeps his options open and they can't be sure when Secy. Shultz will be back. She said she would wait and see how things developed tomorrow and be in touch with y us again then,  I asked who she was  getting together; she said OMB staff, some White House people, plus Secy. Kennedy or you.  •  Messages for Mr. Volcker  - 4 -  July 1, 1970  5:30 PM - Mk. MacLaury would like to see you as soon as you are free. 5:50 PM - Cora Holland, secretary to Mr. Shultz, called to confirm July 4 11:00 a.m. on Saturday/for the meeting on Railroad Retirement, in his office, 2nd Floor, West Wing, White House. ON CAL. rather 7:10 PM - Mr. Willis said to tell you Mr. Dale was/pleased with the   http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis  discussion this afternoon and that he had a report from Crispi that Ossola was rather pleased with the Monetary Cmte. mtg.  Mr. Willis said he will fill you in tomorrow  if you like.  •
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