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Collection: Paul A. Volcker Papers Call Number: MC279  Box 21  Preferred Citation: Telephone Messages: January-June 1971; Paul A. Volcker Papers, Box 21; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://finclingaids.princeton.edu/collections/MC279/c260 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. Mucici Manuscript Lilzorary, 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. They further agree to request permission of the Princeton University Library (and pay any fees, if applicable) if they plan to publish, broadcast, or otherwise disseminate this material. 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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) muddaprinceton.edu  Messages for Mr* NOTE:  Volcker  _ 1 _  Wednesday, June 30, 1971  you this morning when you are free, Mr. Adams would like to see (5806)  thought you had agreed to 9:15 AM - Bill Dale called and said he sury at meet with the LDC Exec. Directors at the Trea and set 4:00 PM on Thursday, so he was going agit ahead that up.  He said there would be about 18 people all told,  sed so I have reserved 4426 for the meeting and so advi Mr. Dale.  I shifted Ed Gordon & Hennessy from 4:00 to  2:30 Thursday - to discuss World Bank debt paper.  •  Messages for Mr. Volcker  10:25 AM -  - 2 -  Wednesday, June 30, 1971  Mrs. Volcker called to say that she had received an invitation sometime ago addressed to both you and Mrs. Volcker to (Wed., June 30) a reception from 6:00 pm to 8:00 pm this evening/by Mr. Robert Calhoun Baker, Chairman of the Board, American Security and Trust Company, at the 1925 F Street Club. REGRETS ONLY° (9-624-4000)  ON CAL.  At 8:00 p.m0 this evening, you and Mrs. Volcker are having dinner with Mr. and Mrs. Gene Birnbaum at Jean Pierre. Shall regret u up F St reception?  YES NO  -OR(Alert Mrs. Volcker to the fact that Mr. Morrow will call or her at  pm -- IN to attend reception at  J,F Street Club before your dinner with the Birnbaums?) kft i!A , uir 11:15 AM - The Secretary's Operator called to say that Dr. Walker will chair the full Staff meeting in Room 4426 on Friday, July 2,, (ON CAL.)  Messages far Mr. Volcker  - 1 -  Tuesday, June 29, 1971  REMINDERS: 1)Call Mr. Folger, Sr. - ST. 3-5252. 2)call Dr. Emminger - Frankfurt/Main 2681. 3)  Appointment for you and Sam Cohen to see Congressman Mahon?  4)  Roy Englert has been wanting to see youf for some time.  NOTE:  Arrangements have been made for you and Mrs. Volcker to have dinner tomorrow night with Mr. and Mrs. Eugene Birnbaum at 8:00 PM at Jean-Pierre, 1835 K St., N. W. -- to meet in the restaurant.  12:45 PM - Ed Gordon asked for some time on Thursday afternoon for him and EA Mr. Hennessy to answer any questions you may have on the analysis of the World Bank debt draft, which Mr. Gordon now aims to get to you on Wednesday evening.  I have tentatively given them 4:00  on Thursday. 1:05 PM - Sam Cohen at Budget called & would like you to call him.  103 - 4630  - 2 -  Messages for Mr. Volcker  Tuesday, June 29, 1971  see you before your 2:40 prn, - Mr, Adams stopped by. He would like to / ng run '3:45 p.m0 meeting starts -- should your present meeti (5806)  until then. NOTE:  leum Co. - Mr. Mack spoke with Mr. Osborne of the Quintana Petro him the in Houston again this morning, and has confirmed with d 11:00 a.m., appointment with you on Thursday, July 1. t(R/learne that Mr. 061)orne is a friend of the Secretary's - through Beverie.)  He also knows Donald Katz of OFDI - with whom  Dept. Mr. Mack has set up an appointment for 4:00 pm. at the of Commerce.  There is a possibility that Mr. Katz may be tied  ne up, in which case one of his associates will see Mr. Osbor at either 2:30 p.m. or 3:00 p.m. on Thursday. -- Mr. Mack has given this information to Mr. Pannill. Mr.Osborne, -- In his subsequent conversation this morning with purMr. Mack was given a little more intelligence as to the pose of his visit, which has to do with his firm backing some North Sea licenses to explore for oil and gas.  If they  are successful in finding wells, they will then be faced with the problem of raising a lot of capital.  Mr. Osborne  cited a similar enterprise by Phillips Petroleum, which a raised/$75 million bond issue sometime ago -- which cost $150 million.  The problem, as he sees it, is to get a feel  for what problems there might be in raising money for the drilling operation of a similar type (as 2Htxmi Phillips). cont'd/p.3  Messages for Mr. Volcker  - 3 _  Tuesday, June 29, 1971  - (Osborne) -- On July 12, Mr. Osborne is going to see some Bank of England people for answers to questions he has; i.e., currency controls and repatriation restrictions.  He has heard  that the Bank of England is thinking of putting these restrictions on, which is something he also would like to discuss with you. Would you like Mr. Mackour, or someone, to sit in? YES  NO  3:25 PM - Chairman Preston Martin has extended an invitation to you to attend the swearing-in of theiVnew Board Member, Carl Kamp, on Thursday, July 1, at 11:30 a.m., in the House Banking and Currency Cmte. Room, Room 2128, Rayburn H.O. B.  (Cal. noted)  (At 11:00 a.m. on Thurs., July 1, you are seeing Mr. Osborne.) Is it all right to regret?  YES  NO  (Lois Nelson - 9-386-4344) 3:37 PM - Mr. Hirschtritt would like to/gee you before you start your 3:45 PM  Volcker Group meeting.  (2803)  4:00 PM - Randolph Burgess called and wanted to speak to you; said he'd be in his office until about 4:45 and would like you to call if your meeting broke up before then; otherwise in the morning.  He said he wanted to congratulate you on the  Bundesbank move -- he thinks it will be very helpful.  347-9353  Messages for Mr..  Volcker  4 -  Tuesday, June 29, 1971  3:55 PM - Chairman Burns' secretary called to ask about your preference on Wednesday (tomorrow) for a staff luncheon at the Fed Board/for the Treasury Financing people; or whether you would like to have the luncheon on Thursday instead, with Gov. Robertson hosting. NOTE:  Chairman Burns is hosting a luncheon for Gov. Carli on Wednesday. On Thursday, you are lunching with Fred Bergsten. Is it all right to regret the Fed lunch on Thursday? YES NO Of the Treasury Financing Group, Messrs. Adams, Cook and Auten are available to attend the staff luncheon. Is it all right to hold the staff Fed lunch at the staff level on Wednesday? YES NO (Katherine - 147-201)  5:10 PM - Mr. Adams would like to see you when yodre free. Messrs. Sam Cohn 6:00 PM - Mr. Carlock has arranged a meeting with will attend and Carl Tiller of OMB - which he and Mr. Mosso . at 8:00 A.M, tomorrow (Wednesday, June 30), in your office ON CAL,,  Nessages for Mr. Volcker  REMINDER:  - 1 -  Call Peter Peterson. See Mc. Englert. Did you talk to Fred Deming of HUD?  June 28, 1971  Monday, June 28, 1971  _  Messages for Mr. Volcker  ed that 9:00 AM - Marty Miller called. -- He asked that you be remind you were going to see the Secretary about the U.S. Industrial Payroll Savings Bonds Chairman for 1972 - and hoped this might be arranged before the Secretary left Washington on Wednesday, June 28.  - 2219  9:55 AM - Mr. WAdenbaum called.  He would like to talk with you on the  phone this morning when you are free.  2351  11:05 AM - Mr. Weber said he had marked up "the release" and would like to see you ASAP. 12:30  PM - Mr. Willis has scheduled a Volcker Group meeting in your office for 3:45 PM TOMORROW, (Tuesday, June 29).  ON CAL.  11:40 AM - Gene Birnbaum's secy. called to ask if you could see him on Wednesday afternoon or if you and Mrs. Volcker could have dinner with him and Mrs. Birnbaum on Wednesday evening -Mr, B. has been in Europe for a month talking with central bankers and would like to report to you. clear Wed. evening.  Your cal. is  Would you like to accept for dinner  for you and Mrs. Volcker?  (NYC - 552-8916)  YES NO 11:50 AM - Mr. Deming, sr.'s, secy called from NY to ask if you could have dimmaxxwitlaxki lunch with him on Thursday when he'll be in Washington,  I told her you already had a luncheon  engagement (with Bergsten) and she said they'd try next time.  Messages for Mr. Volcker  _ 3 _  call. 5:30 PM - Don Bostwick returned your NOTE:  Monday,June 28, 1971 (128-28164)  after his secretary Mr. Birenbaum of Chase, Manhattan called he would like to have had spoken with Mae -- to emphasize that on Wednesday -- since an hour's discussion with you sometime the Eurodollar he has an urgent report to do -- concerning g for Chase restrictions, and other matters which he is doin NOTE: Is it all right to give him 4:00 p.m. on Manhattan Bank Wednesday, in addition to dinner Mae has NO indicated on p.2. YES on with him, and he Mrs. Birenbaum will be coming to Washingt h or dinner on has invited you and Mrs. Volcker to either lunc d stay over Wednesday -- and if this is not possible, he woul esday. for Thursday; but he places his preference on Wedn  He  nesday, June 30. is seeing Governor Daane at 10:00 a.m. on Wed rnoon He hoped he might hear from you late this afte early on Tuesday morning  MR OM  or  since he would work his other  appointments around dx his appointment with you. extaxxnaxii He has also left his home phone, should yomximmixabi we not get back to him by 5:00 p.m. Home Phone: t a tentative meeting 5:45 PM - Mr. Weiczorowski's secretary called abou John which had been set up with you for Sir Denis Rickett, 2. Adler and Mr. Wetzorowski for 3:00 p.m. on Friday, July (on debt paper) afternoon She said Sir Denis was leaving Washington on Friday ible. and had asked that we set a time in the morning if poss I have put a "hold" on 11:00 a.m. for this meeting. NO YES right to confirm? \ 777 g1_ (1  Is it all  Messages for Mr. Volcker  Monday, June 28, 1971  - 4 -  4:30 PM - Mr, Pannill called to say that a Mr. D, Osborne of Quitana (Houston, Texas) Petroltum Company/would like to come to Washington on Thursday to discuss some licenses for  North Sea oil leases.  He had  ) to see him - and4asked unabld was called the Secretary, who whether it was possible for you to see him 9 and also asked for the person at Commerce Mr. Osborne might talk with. -- I called Mr. Mack who suggested that perhaps it would be Judge Pierce Mr. Osborne should see since he now was on the Oil Policy Committee -- or that Mr. Mack could see him if it need not be someone at Judge Pierce's level. I suggested to Mr. Mack that he might talk with Mr. Pannill for more details;  Mr. Pannill, in turn, suggested that per-  haps he should talk with Mr. Osborne for a clearer picture of the purpose of his visit to Washington,  Mr. Mack called  Mr. Osborne in Houston and learned that he is desirous of talking with some "big" man in Treasury regarding the advisto ability and pitfalls of going in/a big investment in the United Kingdom -- in connection with the development of North Sea gas and oil -- which would require borrowing in the Eurodollar market and repatriating funds over the years with very large amounts of money involved. of the whole balance of payments  The matter of the outlook EINERtiNH  was mentioned as  being considered and whether it is advisable at this time to make this kind of investment.  He asked for pro's and  con's -- and restrictions on foreign investment -- and is cont'd/p.5  Messages for Mr, Volcker  aRkillgxflox  - 5 -  Monday, June 28, 1971  (Mr. Osborne - cont'd) interested in the benefit of the very highest type of analysis so that he can act(in the capacity of the Director of the Company) and make the policy decision of  whether /it would pay to go into the operation at this time. Mr, Mack has suggested that if you are free to see him AF-3 -73=:7  Thursday morning (July 1), he would call Donald Katz of Commerce and arrange an afternoon appointment with him for  Mr. Osborne. Your calendar on Thursday morning is clear.  Saida Shall  we arrange an appointment with you for Mr, Osborne?  (1)  NO  YES  (NOTE:  more Mr. Pannill didn't have any/information to offer Mr. Mack on the call from Mr. Osborne -- other than what he had given me.  If  shall we give him 11:00 acm. on Thursday, July 1? YES  (2)  NO  Shall we suggest to Mr. Mack that an axxxxgEmmmt appointment be scheduled for Mr. Osborne with Mr.Petty?  YES  NO  . Mack - 8081; Mr. Pannill - 5373)  /  Messages for Mr. Volcker  Friday, June 25, 1971  - 1 -  32Dr. Kavish (led Thurs., June 24) - CBOper-6,A.C.212-7 5875 -234) 1 -/2113 Kearns Mr.  PENDING:  Fred Deming of HUD -(9-755-7317) Mr. Coombs. Mr. Englert would like to see you. Debrief Ed Gordon on OPIC Board meeting. Mr. Wieczorowski called.  9:00 AM -  He asked that his call be returned.  (181-2776 Sam Cohn's secretary (Mrs. Fontes) called. SHe said Mr. Cohn  9:05 AM  wondered if you had been able to get in touch with Congressman Mahon about you and Mr. Cokiam Cohn paying a call on him. told her I would give you a reminder. 9:15 AM  I  (103-4630) -- Nan  - Mr. Palamenghi-Crispi's secretary called to say that the dinner he had arranged for Gov. Carli at his home on Wednesday, June 30, has been cancelled -- since it is expected that Gov. Carli will be in Washington only one day.  9:17 AM  -  Katherine Malardi, Chairman Burns' secretary, called to sa that the Chairman is hosting a luncheon for Gov. Carli on Wednesday, June 30, at the Board -- for Federal Reserve people only -- and the customary Treasury/Fed luncheon would be a star' luncheon only.  CAL. NOTED.  (She will call again next week for  arrangements for the staff lunch.) 9:20 AM  EXXXXNEUXIM  Mr. Snyder's office has informed us that he will be leave starting today, to return on Tuesday, July 6th.  Messages forMr. Volcker  - 2 -  Friday, June 25, 1971  9:22 AM - The Administrative Office called to ask about whether you would have lunch in the Secretary's Dining Room today. YES (5391) 9:25 AM - Mr. Kearns called.  NO He asked that his call be returned.  (128-21131) 9:30 AM - Oakley Hunter called from San Francisco and left word for you to call him; -- and at 9:35 AM - He called again to say that he had just talked with hill office and learned they had been in touch with Mr. Carlock, and that haxruggetxmot asked that his call be cancelledc  He said he expected  to return to Washington on Tuesday morning. 9:37 AM - Alan Holmes called from the New York Fed.  He asked that his call  be returned, NOTE:  - Marty Miller called yesterday afternoon (Thursday) to inquire whether, as had been mentioned when he met with you early this for you and him week, an appointment had been made/to see the Secretary concerning the selection of the Chairman for 1972 of the U. S. Industrial Payroll Savings Committee.  He said he has all the necessary (General Motors) material needed; also that Mr. Roach/had been in Washington and Mr. Miller had had lunch with him and Mr.Miller had seen Mr, Dorsey, President, Gulf Oil Corp,, in Pittsburgh -- and at this point had everything for the discussion with the Secretary for the recruitment of the Chairman  --(2219)  Messages for Mr Q Volcker  Friday, June 25, 1971  - 3 -  9:35 AM - Alan Holmes called.  He asked that his call be returned.  9:55 AM - Chairman Burns' secretary called again coarning the Treasury/Fed luncheon next week.  She asked whether you  would like to have lunch at the Board on Thursday, July 1. Gov. Robertson can host then. -- The Chairman is leaving for New York on Wednesday evening, June 20, and from there will go on to Vermont where he will be vacationing through July 17th.) ON YOUR CALENDAR - Thursday, July 1: with Fed Bergsten. on Thursday?  You are lunching  Is it all right to regret the Fed lunch NO  YES  And suggest that just a staff luncheon be held on Wednesday, June 30?  YES  NO  (Katherine - 147-201) 10:35 AM - Mr. Wieczorowski called again.  (181-2776)  10:37 AM - Mr. Hayes called from the New York Fed.  He asked that his  call be returned. 10:45 AM - Janice would like you to callk her on her own number at home --  -- re her mother's birthday present.  11:05 AM - Mr. Weber said he ndeds to see you ASAP on a response to press inquiries about controls on the Eurodollar market and capital flows.  2615  Messages for Mr. Volcker NOTE:  June 44, 1971  - 4 -  Mr. Joss stopped by and said there will be a briefing of the Secy on the '73 budget in the Secy's Conf. Room at 2:30 today, which you might like to attend.  NOTE:  On cal.  Mr. Pappano said he has been asked by Mr. Petty to set up a meeting with Mr. Kearns, you, and Mr. Petty on a cooperative investment facility -- a paper setting forth the issues is on Mr. Petty's desk and ;Rill be coming up to you -- he said the sooner the better.  I told him Mr. Petty had told me Secy. was  seeing Kearns on Monday at 3:00 and perhaps Mr. Kearns could come to your office when that mtg. is over and meet with you and Mr. Petty.  Mr. Pappano checked on Mr. Kearns' and Mr.  Petty's availability and said that seemed agreeable to all. 11:15 AM - Mr. Nelson is anxious to see you as soon as possible -- he is being pressed for a press release on the German investment. 11:25 AM - Mr. Willis called and said he would like to set up a meeting for with you with/him and Messrs. Dale, Bradfield, Nelson and Tom Leddy to go over the position on limited exchange flexibility. I gave him 4:30 p.m. amdxHaidxixwmaid YES  Is it all right to confirm? NO  Mr. Willis said it would be helpful to get your okay early -- so that he can go ahead and set the meeting up with the other people. (5334)  Mr. Bradfield is available; Mr. Dale may be in a Board mtg. If so, Mr. Harley will attend for him, (Cal. noted.) Mr. Leddy will be available; MroPetty has been advised; Messrs. Cates and Schmidt may be invited (per Mr.Willis).  Messages for Mr. Volcker  - 5 -  June 25, 1971  11:45 AM - Mr. Fred Deming of HUD called and said he just wanted to be sure he was on some list to talk to you on the phone when there was a chance.  I told him he was and that he  was in good company -- there were a number of others who had been on the list fof some time.  138 - 57317  11:50 - Mr. Adams would like to see you at least briefly as soon as you are free.  1 Messages for Mr. Volcker  - 6 -  Friday, June 25, 1971  1:40 PM - Mr, Melnicoff called from Philadelp hia,  He left the message  that he would be arriving in Washington by tra in at 2:30 p.m0 tomorrow afternoon (Saturday, June 26) and can see you shortly after that time, if convenient,  Also, he said he  would be back in Washington on Monday, June 28, and asked whether you would be free in the early eve ning.  He would  be arriving by train at 7:00 pm or 7:3 0 pm, I told him you were at lunch and expected bac k at 2:00 pm. He will be in his office until about 3:30 p.m. His phone:  Phila. - WAlnut 2-5900.  2:00 PM - Mr. Carlock called to let you know he was bac k in his office,  (2112)  Messages for Mr, Volcker  _ 7  3:15 PM - Mr. Nelson called.  Friday, June 25, 1971  He would like to see you on your return  from the Secretary's meeting on the German press releas e. -- NOTE:  Mr. Weber called.  He would like to see de draft  press release. 3:25 PM - Mr. Cook stopped by.  He has the figures which were tentatively! but agreed to by the New York Fed --/the Fed would like you r okay  (2045) 3:35 PM - Mr. Folger called.  He suggested that what would be the best  transaction with regard to the Pen n Central share, would be to loan you from their customer's account (and he said it would notxim be desirable not to pub licize it) - one 5-share certificate  igtlit from their vault (where it is kept) just for the  luncheon --to be returned after it has served its"photographic and theatrical" purpose.  He will timixgNxiamadxalld purcha se  one share to replace the certif icate on loan -- but he said it would take three weeks to a mon th to affect its transfer. The 5-share certificate will be delivered either late this afternoon or early enough Monday morning toxwxlipxx for the presentation at the lunch o  I told him I was sure this would  be very satisfactory with you. -- The certificate has already been delivered and is being placed in its frame.  41.1I  Messages for Mr. Volcker  - 8 -  June 25, 1971  4:20 PM - Mr. Wieczorowski called about the World Bank debt paper, a copy of the latest draft of which he had sett you six weeks ago -- and I had check and Ed Gordon was goin g to do a summary and prepare comments for you.  Mr. Wieczorowski  said the Bank people have already gone to Euro pe -- to Germany, France, and to the U. K. -- and have come back with the views on the draft of those governments and they haven't gotten one word from the U. S.  Ricketts and Adler are both  pressing Wieczorowski -- they would like to have a meeting with the Treasury  Ma  MIA  with you  OM  OM  sometime next week.  Mr. W. also mentioned that he had called and left a message for you months ago about desperately needing help hasn't heard a word  --  and he  m he says he is soon going to be  divorced if he doesn't get some help. he I checked with Mr. Gordon, who said/was afraid some thing like this would happen but that Mr. Petty and Fink le have been giving him so much work to do that he just hasn't finished his work on the debt paper.  He has roughed a out  part of a memo but it will take him at least anot her day's work to get it in shape and he is going to be out of town on Monday and Tuesday (on a trip to NY with his wife). I asked if anyone else could do something with the debt  Messages for Mr. Volcker  _ 9  June  ), 1971  paper; Mr. Gordon said he was the only one who had really been immersed in it and it would be difficult for anyone else to pick it up midstream -- but Mr. Schmidt has read the paper.  El  Mr. Gordon said if the meeting could be post-  poned to the end of next week, he could finish his memorandum. I talked to Mr. Wieczorowski again and gave him the gist of my conversation with Mr. Gordon and Mr. W. said he would be perfectly happy if a meeting could be scheduled for next Friday; he had promised Rickett & Adler that he would try to line up some time with you sometime next week and that he would try to get word back to them today if he possibly could.  Your cal. is clear next Friday.  Is it OK to schedule  the meeting sometime then? YES NO you evidently I told Mr. W. that I batted zero with you and committed wanted to know what the issues were before you yourself to meet with the Bank people. any way w he could stave them off.  I asked if there were  He said, if you had any  people free dime on Friday, he would like to give the Bank hoped you that time and tell them he had tried very hard and intervene would be able to see them then but something might and, in that case, we would have to reschedule.  He asked me  Messages for Mr. Volcker  June 25, 1971  - 10 -  to hold 3:00 for that purpose on Friday.  He said he had  W.) talked to Mr. Gordon and said to tell you that he (Mr. and, unless does not see any really tough problems with this ter, he doesn't you can conjure something upxxim that is a mons think you need to strain on this one.  Mr. Gotdon called me  interright after this and said he was scheduling some a memo on departmental sessions preliminary to giving you this.  He will aim to get his memo to you next Thursday  afternoon. home from San FrancEisco, 6:50 PM - Gov. Daane called -- had just gotten free. and asked that you call him at home when you get eciate your calling him at 7:00 PM - Mr. Deming called and would appr home when you get free.  Messages for Mr. Volcker  -  1 -  Thursday, June 24, 1971  9:00 AM - Mr. Hayes (NYFed) called from Nantucket.  He asked that his  call be returned if you have returned from the staff meeting by 9:20 A.M. - otherwise he will call again, since he will away for a while.  PHONE:  Callback Oper. No. 7, A.C. 617-  228-0254. REMINDERS:  ;(1) (2) (3)  Mr. Englert would like to see you. Debrief Ed Gordon on OPIC Board mtg. 1 Simon called yesterday and wanted you to call him.  (4)  AC 212 - 747-7026  Fred Deming of HUD would like to speak to you on the phone.  (5)  Mr. Weidenbaum had wanted to talk to you before he left town for four days.  His secy. says he  is on leave today -- went to Atlantic City to make a luncheon speech there tomorrow -- and we can probably reach him at some point in Atlantic City if you wish. 9:15 AM - Mr. Pelikan called and said you asked Sam Cross some questions last night about border taxes and W the Williams Cmn.  He said there is a question and answer  in your briefing book on border tax adjustments but not on the direct question of a subsidy surcharge and what to say if that question is put to you.  Mr. Pelikan will be  glad to come down and talk to you about this if you wish.  - 2 -  Messages for Mr. Volcker  June 24, 1971  10:30 AM - Catherine called and said Chrm. Burns would like to see you alone for a little while and wondered if you could come early to the lunch today.  I explained you would  be testifying on the Hill and might even bit a bit late for the lunch.  She asked then if you could stay after  the lunch and x I said I thought you could. me to confirm.  She asked  OK to confirm, on assumption you don't  have to go back up on the Hill? YES NO 10:3  AM - Mr. Nelson would appreciate a quick word with you on the phone if at all possible before you leave for the Hill - on the German investmenL situation.  He understands your  Messages for Mr. Volcker 11:15 AM - Mr. Kearns called.  - 3 -  Thursday, June 24, 1971  He asked that his call be return ed.  (101-21131. 11:45 AM - Mrs. Hoy of the office of the Country Director for France and Benelux Affairs, State Departmen t - Chas. Tanguy - called to say that he had just received a letter from the U. S. Amb. to the Netherlands,John Wil liam Middendorf, who is coming back to the U. S. in Jul y for consultations - and had asked to see Asst. Secy. Coh en on either July 13-14. Mr. Cohen will be in Europe and Mrs . Hoy had been instructed to set up an appointment for the Ambassador with you, in view of Mr. Cohen's absence.  She indicated this was more  than a courtesy call -- that he has a number of questions he wanted to raise, which she was unable to be specific about, but which would appear in the briefing material which would be sent to you through Mis s Maloney in OASIA, if you were free to see the Ambassado r.  At the moment, she had  found it necessary to block out time for the Ambassador's schedule, since he had a number of calls to make.  I gave  her a temtative appointment at 11:00 a.m. on Tuesday, July 13.  Is it all right to confirm? YES NO If yes, shall we arrange for someon e from OASIA to  attend?  YES  NO  (Mrs. Hoy - PHONE: 101-23072.  Messages for Mr. Volcker 12:15 PM -  June 24, 1971  - 4 -  you go to the Adams would like to see you before Fed for lunch.  insists he must see you before 12:20 PM - Mr. Hirschtritt called and lunch.na 2:10 PM  2803  - Mr. Petty called.  ed. He asked that his call be return  (2522) 2:45 PM -  l of yesterday. Dr, Kavish returned your cal  He is at New  s to be in his office ect exp and oon ern aft s thi y York Universit until about 4:30 p.m, -- Callback Operator No. 6, 2:50 PM  A.C, 212-732-5875, Ext. 234.  m the NYFed. - Mr. Hayes called fro  He will be in his office  his call be returned. t tha ed ask and . p.m 0 until 5:0 tried to tell him that you had ary ret sec his ed ask NOTE: I this morning. to reach him in Nantucket 3:00 PM  Pe n James called.  urned. He asked that his call be ret  (145-2785) call Mr. Folger of Folger, to you ind rem to d sai ms Ada 3:00 PM - Mr. Nolan.  ST 3-5252  called. 3:10 PM - Fred Deming of HUD (PHONE:  9-755-7317)  3:50 PM - Mr. Coombs called.  3:30 PM  urned. He asked that his call be ret  (He He asked that his call be returned,  30 p.m. or 4:45 p.m.) expects to be in his office until 4: ore Oakley Hunter leaves Carlock would like to see you bef town at 4:30.  Messages for Mr. Volcker 5:25 PM -  Mt.  - 5 -  Petty would like to see you.  5:55 PM - Mr. Adams would like to see you. REMINDER:  Call Fred Deming at HUD.  June 24, 1971  Messages for Mr. Volcker  PENDING:  - 1 -  Wednesday, June 23, 1971  (1)  See Mr. Bletts re medal,  (2)  debrief Ed Gordon on OPIC Board mtg.  (3)  Mr. Englert would like to see you,  (4)  Mr, Passer (returned your call on Tuesday afternoon) - 189-3523  NOTE:  You agreed to have the Fed luncheon on Thursday this week, rather than Wednesday, with Alan Holmes participating on Thursday. FYI:  Of the Treasury Financing Group available on Thurs., Adams has luncheon plans -- but can change if he can contact his luncheon partner early enough;  -  Mr.MacLaury has a  luncheon engagement;  -- Mr. Carlock has a luncheon engagement; 1/-- Mr. Snyder is available; -- Mr. Cook is available. Chairman Burns will be hosting -- and his secretary has asked that we let her know who you will have accompanying, -- Katherine - 147-201 9:35 AM  Mr. Willis' office called to say that there will be approximately 1-8 attending the Volcker Group meeting this afternoon. I told her you preferred having the meeting in your office; and that it probably would work out all right.  She had  checked the conference rooms -- all are occupied at 3:00pm (Jane-5334)  and it will mean bumping someone should you prefer the conf. room. Meeting in your office in Conf.Room  Messages for Mr. Volcker  - 2 -  June 23, 1971  9:33 AM - Mr. Betts office called to ask if you would lunchi in Secy's dining room today.  Cal. Clear.  OK to say yes?  YES NO 9:45 AM - Gov. Daane called & would like youto call taim.  Messages  - 3 -  . Volcker  Wednesday, June 23, 1971  4r0 Petty's secretary has arranged reservations at the Two  1230 -  Continents, Washington Hotel -- for 1:15 p.m, (Messrs. Volcker, ON CAL,  Petty and Hashish). 12:40 PM  (147-211)  Gov. Daane called,  1:50 PM - Bill Simon called from New York. returned.  (Note:  3:00 p.m.)  He asked that his call be  He is leaving for Harrisburg, Penna. at  A.C. 212-747-7026.  2:00 PM - Hamilton Gewehr of the JEC called about advance copies of your statement before the Subcommittee on For. Econ.Policy tomorrow morning. noon  If possible to provide them this after-  suggested that they be sent to Room G-133, NSOB,  (Constitution Ave. entrance), or that room if before 10:00 am tomorrow morning.  If not available until 10:00 a.m. or  later, he suggested that they be sent to Room G-308, NSOB (11c1I  Street end) - which is the room No0 of the Auditorium  where the hearing will be held. copies.  He has asked for 100  I told Mr. Gewehr that it would more likely be  early tomorrow morning when the statements would be delivered for the Committee,  (9-225-5171)  Messages for Mr. Volcker  - 4 -  2:25 PM - Alan Holmes called from the NYFed.  Wednesday, June 23, 1971  He wanted to talk with  you this afternoon about the German Investment Program. NOTE:  He is going into a meeting at 2:30 p.m0 and won't be back in his office until after 3:00 p.m. -- when he said he would call again. -- I told him you would have a large meeting starting at 3:00 p,m. - and he suggested that I askmd you whether he might break in -- since he is anxious to you this afternoon because it would involve making some phone calls in the morning. He expects to leave his office at 5:15 p.m0 this evening5 and indicated he preferred to talk with you before he left his office for the day. Is it all right to put Mr. Holmes call through after your 3:00 p.m. meeting starts? YES NO OTHER  2:30 P.M. - The Secretary's Operator called to say that there will be a full staff meeting in Room 4426, at 8:45 a.m. on Friday morning, June 25.--ON CAL.  4  Messages for Mr. Volcker  Wednesday, June 23, 1971  - 5 -  3:15 PM - Mr. Richard Thomas of Newsweek called. with you about the German mark.  He wanted to talk  He said he would call  Mr. Weber when he heard you were not available. 3:50 PM - Fred Deming of HUD called.  He asked that his call be returned.  (9-755-7317) He said sometime today he should  4:10 PM - Mr. Weidenbaum stopped by.  phone. have a short conversation with you over the  (He is  6:00 pm or going to be in a meeting at the White House until 7:00 pm - but his secretary can call him out.) NOTE:  He is leaving Washington tomorrow for four days.  4:15 PM - Alan Holmes called again.  He was given the message that  you would be in touch with him before 5:00 pm. 6:45 PM - Mr. Petty returned your call. office until about 8:00 PM.  He expects to be in his  Messages for Mr. Volcker  - 1 -  June 22, 1971  9:1.) AM - Mr. Handfield-Jones called you from Ottawa and is anxious to speak to you as soon as possible, although he said it could wait until after your FNMA Board theeting if there was not time before.  Ottawa - AC 613 - 995-6391  10:25 AM - Sam Cohen called and would like you to call him. PENDING:  1)  103 - 4630  See Mr. Betts re medal.  (2)  Debrief Ed Gordon on OPIC Board mtg.  (3)  Mr. Englert would like to see you.  (4)  See Sam Cross.  11:10 AM - Mr. Willis would like a word with you on the phone.  He  said Mike Bradfield is trying to draft amendments on the basis of the limited exchange flexibility draft position paper, which ;you marked up, and evidently you wrote in two sentences which create an inconsistency and they need clarification. 11:15 AM - Mr. Hayes called you and asked that you call him if you return before 3:00; otherwise, he will get in touch with you on Thursday, as he is going out of town. 12:20 PM  Mr. Btts' secretary called to say that he is back from the Hill.  (He will be lunching in the Secretary's Dining Room  from /400 FM TO iq;00 p.m.) -- (5391)  - 2 -  Messages for Mr. Volcker  Tuesday, June 22,1971  1:20 PM - Mr. Bergsten's secretary called to correct the earlier tmpression that he had wanted comments on the dtqtement he is giving before the JEC Subcmte. on Intl. Exch. & Payments tomorrow (Tuesday, June 23). hive an advance copy.  Mr. Bergsten just wanted you to  His statement has already gone up to the  Hill.  1:93 PM -  Mr. Weidenbaum returned your call.(2551)  2:40 PM - Mr. Dale called.  He would like to have a half-hour with you  today -- to discuss the Fund's Annual Report so far as it deals with SRD's. (NOTE:  He is free except for the period  between 5:C0 pm and 6:30 pm this afternoon.) 4:15 PM - Asst. Secy. Passer returned your call.  -- 181-3067.  (He is leaving his  office for about 20 minutes - to return about 4:35 p.m.) 189-3523.  Messages for Mr. Volcker  - 3 -  Tuesday, June 22, 1971  4:10 PM - Peter Gilsey of Loomis Sales called to extend an invitation to you and Mrs. Volcker to a Black Tie Dinner at the Chevy Chase Club (6100 Connecticut Ave., Chevy Chase, Md.) on Thursday, June 24, at 7:30 p.m.  This is a farewell dinner  for Dick Smith, who is leaving SEC (18 or 20 people). Mr. Gilsey said this was a spur of the moment idea -- and that's why the notice is so short. He suggested that we call him at his office (he expected to be there until 5:45 p.m.  - or at his home.  I told him that  it most likely would be tomorrow morning hmicum when he would have your RSVP. Your calendar is clear. ACCEPT  40- 4  REGRET Office phone: 298-7830 Home phone  "  74 4 / r  ;e7 . 423-4,7  :  4:15 PM - Nelson Coar called to invite you to a luncheon the Secretary is hosting for Ortez Mena (Pres., IAD B)  at 1:00 p.m. on  Monday, July 26, in the Secretary's Din ing Room. ix will be:  Dr. Walker, you, Mr. Petty, Mr. Costanzo (ED,IADB);  Merlyn Trued (Fin.Adv.,IADB) and Mr. T. Grad V.P, v IADB).  The guests,  Your calendar is clear.  (Mr.Coar - 8171)  ACCEPT REGRET  Upton, Exec.  Me:;sages for Mr. Volcker  - 1 -  June 21, 1971  9:05 AM - Mr. Stein called ;& would like you to call  m.I3 - 5042  9:10 AM - Marty Miller called and said you were going to let him know (1) what the Secy's plans would be with respect to calling Mr. Dorsey and (2) the outcome of your discussion with Rustad on Friday. 9:15 AM - Mr. Snyder called and said on the Federal Financing Bank, Herb Stein raised questions about 7 and 16 -- 7 is Treasury control and 16 is budget control.  On 7, Stein says it is too  broad and general and that the Treasury should be limited to disapproving issues to prevent disorderly markets.  On 16,  Stein also thinks it is inappropriate to talk about budget control on agencies outside the budget and wants also to alter the language to eliminate implications on allocation of credit.  The Stein memo and a copy of the ;bill ;will be  coming over promptly and Tiller seems to think that it is premature now to go to the Troika.  Mr. Snyder is going to a  meetin• g with Gannon but will be back in alkNix hour. 9:2D AM - Ed Gordon would like five minutes for a debriefing on I. REMINDER:  Mr. Englert would  like to see you.  Did you talk to Houthakker and Samuels on Friday?  Bpard.  Messages for Mr, Volcker  - 2 -  June 21, 1971  10:50 AM - Mr. McGinnis called and needs to see you about a memo to the President on the German offset -- he said after lunch woul be soon enough so I gave him 2:30. 11:00 AM - Art Laffer called and would like to speak with you on the phone. 11:01 AM -  104 - 3423  Mr. Houthakker's secy  called and said he had the copy  of his statement for tomorrow with your comments handwritten thereon.  I told her we'd call  your foreign visitor left. 11:10 AM -  Mi.  Houthakker as soon as  103 - 5046  Mrs. Kelly,in the office of Mr. Palamenghi-Crispi, called to invite you and Mrs. Volcker to an informal dinner he is giving for Gov. Carli at 8:00 PM on Wed., June 30th, at his residence.  Cal. clear.  OK to accept?  YES NO NOTE:  Herbert Johnson called back and said he got mixed up on his days and ;he has something else on tomorrow but could be here to see you at 9:00 on Wednesday. right.  NOTE:  I told him that would be all  On cal.  Mr. Willis called and said he has done some checking and finds the best time for everyone for a VG meeting is 3:00 PM on Wed. I told him we'd put that on your cal.  Messages for Mr. Volcker  - 3 -  June 21, 1971  5:45 PM - Rose Cicala called and said she wanted to alert us to tku expect a call from the White House inviting you and Mrs. Volcker to a black tie dinner at the White House for the 4 Blounts at 8:00 PM on Tues., July 29th. noted on cal.  Cal. clear -- have  Messages for Mr. Volcker  1 -  Monday, July 19, 1971  11:L0 AM - Mr. Adams has arranged for a meeting with you of the Treasury Financing Group for 4:30 p.m. this afternoon.  ON CAL.  9:20 AM - Mr. Auten called re the chart show on inte rest rates which he said had been scheduled for staff meeting last Friday and you weren't in town so it was postponed.  Mr. Weidenbaum  suggested that you might like a dress rehearsal of the show and Mr. Weidenbaum's idea was that it might be you, Mr. W. Mr. Auten, and perhaps Messrs. Adams and Snyder.  Mr. W.  asked Mr. Auten to ask win if and when you migh t like to do this.  Mr. Auten realizes you'll be tied up with the  refunding and wonders what you suggest. 12:10 PM - Mr. Nelson has some information he'd like to pass along to you sometime today. 12:50 PM - Mr. Bob Solomon's secy. called and said he wanted to y have you reminded that you want to make some phon e calls to the Senate regarding the amendment to exem pt export credits from the VFCR.  •  Messages for Mr. Volcker 1:50 PM -  -2 -  Monday, July 19, 1971  At Mr. Rustad's suggestion, I have given Mr. Adams 10:30 a.m. on Thursday, July 22; Mr. Johnson 11:30 AM; and Mr. Linehan 4:30 pm.  You have been invited to participate briefly in the  9:30 am Savings Bonds meeting of the Advertising Counsel on Thursday morning, than 15 minutes.  Mr. Rustad thought this would take no more He also said that he didn't think each man's  appointment with you would take more than 15 minutes. Is it all right to confirm? YES  ,N/r'  NO  (Mr. Rustad - 2466)  ‘X,/  _ 3 _  Messages for Mr. Volcker  Monday, July 19, 1971  2:30 PM - Mr. WJidenbaum is arranging the meeting on the interest rate presentation for 5:30 p.m. this afternoon.  Attending:  Messrs. Adams, Synder, Auten and Weidenbaum - ON CAL. NOTE:  The Treasury Financing Group meeting has been rescheduled for 4:00 p.m. -  N CAL.  2:40 PM - Mr. Weiczorowski / 3 He asked that his call be returned. t led. 7(181-2776). 3:05 PM - Mr. Willis would like to speak to you as soon as there is a chance -- Stanley Wilson is after him about some statements the Secy. has made and Mr. Willis needs guidance how to handle.  4:30 PM - Bob Cardon, at the Fed Board, called you,  147 - 263  4:45 PM - Mr. Betts' office called to say that he had sent flowers to Texas for /the Secretary's brother-in-law's funeral on Saturday, on behalf of the Secretary's early morning staff group, and would you of $3.00 like to make a contribution/toward the cost of the flowers. Do you wish to make contribution?  YES  NO  Take it out of petty cash? 5:35 PM - Gov. Daane called.  He asked that his call be returned.  He will be in his office until 6:00 p.mc (147-211) - or if later in the evening - at his home, NOTE:  .  The Counselor at the Austrian Embassy called to say that word had come that the arrangements were all complete for your  I  Messages for Mr. Volcker  - 4 -  July 19, 1971  participation in the Alpbach conference, including hotel reservations.  He wondered when you were planning to arrive in  Alpbach, and I told him that was yet to be decided - you really hadn't focussed on that yet precisely and I would have to do some research on travel schedules.  He said he would send you some  literature about places to visit and things to see.  Messages for Mr. Volcker  REMINDER: 8:50 AM  -  Call Mr. Snyder.  - 1 -  Friday, June 18, 1971  (2026)  Mr. Kearns called.  He asked that his call be returned.  (128-21131) NOTE:  Dr. Alpher will see you at 9:00 AM tomorrow (Saturday).  9:10 AM - Mr. Petq  lied and would like Co speak to you on the phone.  9:15 AM - Jack McKinzie, who will be the new Director of the Office of Administrative Services effective July 1, would like to meet you and wondered if he could come to see you sometime today. He will take over the administrative logistics that Paul McDonald handled, except for departmental policies for administrative services, which Mr. Fredlund will handle. He is free except for a staff that Mr. Betts is holding at 10:00 and a 1:30 appointment and suggested anytime after 11:30 to 1:30 or after 3:00 today,  OK to fit him in today?  )(5525) YES NO PENDING FROM YES  DAY:  (1)  Mr. H  (2)  OK tQ'  (3)  01(__Deg. ave Fed lunch on Thursday El next week?  akker would like to speak to you on the phone. rm up appointments.for Mr. Dederick for Monday?  4  Messages for Mr. Volcker  - 2 -  June 18, 1971  9:4o AM - Mr. McCamey said that Weir Brown missed out when the Treasury reps were her:for briefings because of the OECD Ministerial meeting and the fact that the wan(  AlaahREER  head of OECD did not  . Brown to be away just before the Ministerial mtg,  Therefore, Mr. Brown is coming to Washington for a few days next week and Mr. McCamey asked if you could see Mr. Brown sometime on Monday afternoon. NOTE:  I suggested 3:00 PM.  Mr. Holland will go ahead and schedule the lunch next Thursday (instead of Wed.) at 1:00 with understanding you may be a littl e late.  He said they were thinking in terms of having from the  Fed, in/addition to Mr. Holmes, Chairman Burns, Axilrod, Parte e, Mr. -t / olland, and maybe one money market technician or so,  He  said they also were thinking of whether it would be best to keep it to the upper eschelons or not. 10:43 A  Mr. Samuels called you; I said we'd return the call as  V.../-I.1 soon as you were free.  101 - 20410  Messages for Mr. Volcker  - 3 -  Friday, June 18, 1971  11:50 AM - Mrs. Finnigan, secretary to Wm. S. Renchard, Chairman, Chemical Bank of New York, called to ask whether you would be free and able to see one afxtkexVicatitxRviotiaRRt of their Vice Presidents of the Economic Research Dqurtment either on Thursday, June 24, or Wednesday, June 25.  He is Mr. Alfred  Bennett, who will be visiting with Government officials during the two days, and he would like to stop by to talk about the general situation. be fine.  She indicated that any time on Friday would  Your calendar is clear all day (except for 8:45 a.m.  full staff in Room 4426). Shall we arrange an appointment for Mr  BENNETT?  YES NO OTHER If yes, is 11:00 a.m. on Friday, June 25, all right? YES  NO  (Mrs. Finnigan - AC. 212 - 770-1513) 2:1 ,Pg- - Herbert Stein returned your call.  (103-5042)  - 4 -  Messages for Mr. Volcker  Friday, June 18, 1971  5:25 PM - Mr. Cross called. He said it would be useful to have a this evening word with you/as soon as you are free -- if you hare any thoughts on the testimony you will need when you testify on Thursday, June 24, before the JEC Subcommittee on Foreign Economic Policy on "those aspects of foreign economic policy with which the Treasury is concerned." Mr. Canner drafted  He said that  somethtg on trade which Mr. Petty asked  that he distribute to Mr. Cross, Mr. McCamey and Mr.Leddy. has at the present stage is a bland  He said that outline.  He would like to come in and have a word with you  about the testimony. 5:45 PM - Mr  Dale called,  this evening.  (5081)  He would like to come in and chat with you  I told him I would call on your return.  Is it all right for Mr. Dale to come in to see you this evening.  (He can be here within 10 minutes after he is  called.) YES  NO  (1813067) 5:30 PM - Mr. Wieczorowski's assistant called and said Mi. W. had asked him to find out what the Bank's timing was on their proposed issuance of $230 million of 25-year bonds in the U. S.  He said hel/as told that the Bank aims to go to the  market on July 28 and would hope to have a firm answer from the U. S. at least by the 14th of July.  0  Thursday, June 17, 1971 copies of your statement - whic 2 for called R ZEIGLE MR. NOTE: have gone over. AM with you about 9:00 - Mr. Wieczorowski called. He would like to talk  Messages for Mr. Volcker  a bond issu , and asked that his call be returned. -- NOTE:  (181-2776)  IIrela:ained that it might be sometime this afternoon before you might be free to talk with him.  9:05 AM - Mr.  ns called.  He asked that his call be returned.  21131 9:10 AM - Miss Shaunessey of SATS called.  I told her you would be  with them at 10:15 and she said Mr. Abra lobby at 1740 Mass. Ave., waiting for -- NOTE:  would be in the  o .  With regard to the SATS lunch at the Dupont Plaza Hotel, she said you would be most welcome with no prior notice that you would attend -- and that you could join them at the last minute.  The luncheon  is at 12:45 p.m. and will be in the Embassy Room, Lobby Floor, at the Hotel.  Either Miss Bonnano  or Mr. Abrams will be in the lobby waiting for  9:15 AM - Mr.  yfgsten called to ask for a copy of your statement beforc Reuss Subcommittee this morning - and this will be sent  to him today. 9:20 AM - Frazar Wilde called again.  He asked that his call be returnesd  (His secretary said he would be in until early afternoon and back in his office about 4:00 p.m.)  ••••••0•  Messages for Mr. Volcker  June 17, 1971  10:30 AM - Mr. Wieczorowski's secy. called and said he wanted you to have the following message:  "The Bank has requested in the U. S. permission to issue $250 million of 25-year bonds! sometime in July or August.  We c  over the phone from Mr  id get an approval informally Volcker or we could go through the  interim stage of havtng someone from the Bank come over and talk to Mr. Volcker, if this is what he wishes." 10:35 AM - Mr. Samuels' secy. called and wanted more information about the meeting you wanted to have on the German offset discussions, including who would be involved inthe her I would call her back and, wi  eeting, etc.  I told  in a few minutes, she  called again and said Mr. Samile s does not want to have a meeting -- if you want to talk to him on the phone, he will be glad to do so.  I am trying to reach Mr. McGinnis to  inform him of this. (101 - 20410) 11:15 AM - Jerry Newman called and said we would shortly be receiving a call from the Austrian Ambassador's secy, )07antilig an appointment for the Ambassador to come and prsia1ly invite you to the Alpbach Conference in August.  Ther  had been a  mix-up of names -- they had not intended to invite Dr. Walker but to invite you.  I asked Mr. Newman where this left Dr,.  Walker; he said that was a nice question and hopefully when the Ambassador comes to see you, he may say something to  June 17, 1971  Messages for Mr. Volcker  clarify this -- just in case Dr. Walker really is interested in attending, as he had indicated to Amb. Gruber that he might be.  Ambassador Gruber's secy did call and I gave the  Amb. 11:00 AM on Monday to see you and advised Mr. Newman of the time so he may sit in, 11:30 AM - The North Carolina Bankers Assn. called to inquire about the transcript of your remarks at their intl. conference in Raleigh last fall, a copy of which they had sent you a few weeks back for editing.  They wondered if they might  I  have permission to do the ecrting or if you wanted to do it yourself.  I said I felt sure you would want to do it  and I would try to get the transcript unburied and to your attention.  I then called Mr. Willis, to whom you had sent  the transcript for editing, to let him know we are being pressed on this. 12:20 PM - Mr. Higgins in Petty's office ca led and said you had agreed to complete the review if theESF budget tomorrow sometime.  You are clear in t e afternoon so Mr. Higgins  is going to schedule it for 5:00 PM tomorrow.  On cal.  Messages for Mr. Volcker  - 4 -  2:45 PM - Mr. Kearps returned your call, 3:00 PM - Fred Deming (HUD) called.  Thursday, June 17, 1971 (128-21131)  He would like to talk with you about  housing (and another matter which he didn't name), and asked that his call be returned. (He is leaving his office at 3:15 pm and will return later this afternoon.)  9-755-7317  3:10 PM - I checked Dr. Walker's calendar for a late afternoon appointment for Mr. Dederick /on Thursday, June 24, and he is free at 4:00 p.m. I asked his secretary to put a "hold" on the time, In checking Mr. Weidenbaum's calendar, I learne d that he is not expected in his office at all on Thursd ay (nor Friday).  He will  be here on Wednesday, June 23. Both Dr. Walker and Mr. Weidenbaum are fre e from about 3:30 p.m. on Wednesday. Dederick will call back tomorrow mornin g (Friday, June 18) to let us know what time on Thursday afternoon, June 24, he will arrive.  Do you prefer that he make the trip to Washington June 23 on Wednesday4 if he can, in order to see both Dr. Walker and Mr. Weidenbaum?  Your calendar is clear. YES  I/'  NO Come to Washington on Thursday, June 24 - and arrange appointment with Dr. Walker only? (Robert Dederick - Northern Trust Co. , Chicago; phone: 346-5500, Extension 462.)  A.C. 312,  Messages for Mr. Volcker  - 5 -  Thursday, June 17, 1971  3:35 PM - James Loken of Peter Flanigan's office called - re the Federal Financing Bank Act.  He asked that his call be returned.  (He expects to be in his office until about 5:00 p.m.) 4:10 PM - Mr. Houthakker called.  He asked that his call be returned.  (103-5036) 3:40 PM - Bob Holland of the Fed called -- to follow up on the conversation you had with Chairman Burns about Federal Reserve operations.  Mr. Holland thought he would propose changing around the  customary Wednesday Federal Reserve luncheon to a time when  there could be some informal discussion on the matter -- which involves how to operate with Federal funds rates.  He suggested  that Alan Holmes might sit in with the Board and whomever from Treasury that you would like; and the reason for the change in the day for the luncheon is because Mr. Holmes shouldn't be away from the market on Wednesday morning. He asked about having the lunch on Thursday instead of Wednesday next week, and bringing Mr. Holmes down,  I told him that you were scheduled to  testify at 11:00 a.m. on Thursday, June 24 (JEC SubCmte. on Foreign Economic Policy) and asked whether 1:30 p.m. might be arranged for lunch on that day instead of the usual 1:00 p.m., since you could run hate on your hearing.  He said this would be  all right and said you could bring all of the Treasury Financing Group -- or whomever you would like from Treasury to accompany worKing / 2 hours. you. He thought the/lunch should run about 11  Messages for Mr. Volcker  - 6 -  Thursday, June 17, 1971  Mr. Holland - cont'd. Shall we tell Mr. Holland that you are agreeable to changing the Fed luncheon from Wednesday, June 23, to Thursday, June with Alan Holmes participating 24, next week'? YES NO OTHER If yes, accompanying you from Treasury: Mr. Carlock  Mr. Adams Mr. Snyder Cook Mr./Adamg Mr. Auten OTHER (Mr.Holland - 147-3761) 5:15 PM - NOTE:  Appointments for Mr. Dederick with Dr. Walker, you and Mr. Weidenbaum.  Because of conflicting appointments on Dr, Walker's and (and also Mr. Dederick's) dates Mr. Weidenbaum's calendars/, the earlie st/Mr. Dederick could be given for his visit to Washington had extended to July 1 and July 2. iiiimgxitxmaxidxhitxdasixabimxtm I mentioned the stretch of time to Mr. Dederick - and he sug gested that Monday, June 21, could work out if the appointments were quite late in the afternoon.  He would take a 2:15 p.m. flight out of Chicago, to arrive  Washington at 4:54 p.m. -- which would bring him into Treasury about 5:30 p.m. cont'd/7  Messages for Mr. Volcker  - 7 -  Thursday, June 17, 1971  Mr. Dederick appointments - cont'd. Dr. Walker and Mr. Weidenbaum will both he here. Confirmed with Dr. Walker:  5:30 p.m. on Monday, June 21.  Confirmed with Mr. Weidenbaum:  6:00 pm on  (I arranged the first appointment with Dr. Walker so as not to keep him too long after 5:30 p.m.) Your calendar after 6:00 p.m. on Monday, June 21,is clear and I have put him down for 6:30 p.m., or following his meeting with Mr. Weidenbaum.  CAL. NOTED.  I will re-confirm this with Mr. Dederick in the morning. Shall I suggest to him that he bring his resume with him? YES  NO  OTHER NOTE:  Mr. Wieczorowski does not have any specific timing on the World Bank financing (when Bank needs to know) but thinks the Bank probably would like to kw hear from Treasury within a week; however, he will try to find get something more specific and call you.  PM - Mi% Kearns called and would like you to call him.  128 - 21131  •  Messages for Mr. Volcker  NOTE:  - 8 -  I got no where with Mr. Samuels' secretary.  June 17, 1971  She evidently  did give him the message that you would like to sit down with him and see where the German offset stood in full  for she  called back in a little while and said he said he would try to call you tomorrow and arrange something.  Messages for Mr. Volcker  NOTE:  - 1 -  June 16,1971  Would you like to have someone from Mr. Cates' shop (Mr. Cates, Mr. Reynolds, or Sue Steiner (who covers Germany) -- or Sam Cross, if conversation is likely to be mostly on intl. monetary matters, to sit in when Mr. Schoellhorn comes to see you at 4:15 and do a memcon? YES NO  9:35 AM - Page Nelson stopped by and would like to either talk to you briefly on the phone or see you sometime this morning before noon (he thinks he can do it on the phone). 9:45 AM - Mr. Bowsher t s secy. at Navy called re his invitation to you to lunch at the Pentagon tomorrow at 12:30 with other members of the Penn Central group; she said Mr. Rehnquist will not attend because he had a back operation, and this leaves only Messrs. Beggs and Lynn -- and you, if you can come. I told her you were testifying on the Hill at 11:30 tomorrow and I very much doubted you would be finished in time to be able to join them for lunch but said I would check it with you and let her know. You are also invited to an 8:00 AM breakfast at the Johns Hopkins School of Advanced Intl. Studies at 1740 Mass. Ave., NW,  Messages for Mr. Volcker  - 2 -  June 16, 1971  and to their luncheon at the DuPont Plaza Hotel at 12:45 PM. Shall we regret the breakfast and both luncheons? YES NO 10:00 AM - Jim Smith's secy called and said they had a call from the JEC asking if you were going to provide them with advance copies of your statement, as they had requested.  I asked  her to tell them you had a first draft but still had a lot of work to do on it and we weren't sure when it would be finalized -- we will have to let them know later on.  Messages for Mr. Volcker  - 3 -  Wednesday, June 16, 1971  9:30 AM - Frazar Wilde called from Hartford, Conn. call be returned. day about noon.) NOTE:  He asked that his  (He expects to leave his office for the A.C. 203-243-8811.  I asked his secretary to tell him that you may not be free to talk with him before he left.  11:25 AM - Mr. Englert stopped by to remind you that he would like to see you for about 10 minutes on the draft regulations. (2977) He said it could wait until tomorrow if you are too pressed for time today. 2:45 PM - Eoin Belton of Reuters called to say that Ezra Solom on Mr. Houthakker's successor, in his testimony at his confirmation hearing, said he believes it may be necessary to float the dollar.  Mr. Belton wondered whether you might have some  comments -- and asked that his call be returned.  (628-9212)  (see ticker item attached) 3:25 PM - Harry Lenhart, of the National Journal, called and asked to see you early next week in connection with an article he is doing on direct foreign investment and the multinational corporation.  833-8000, Ext. 276.  Do you wish to see him?  YES NO 3:3', PM - Bill Simon called and would like you to call him. NYC  - 747-7026  Messages for Mr. Volcker  - 4 -  June 16, 1971  4:i0 PM - Til Gaines called and would like you to call him tomorrow. NYC - 250-6638 4:50 PM - Mr. Holmes called and said to give you a note that the initial market reaction to the financing is quite favorable.  Dick Adams will be more ;up to date.  6:20 PM - Fred Deming at HUD called you.  I explained your situation  both this evening and tomorrow morning and asked if it were urgent.  He said he would be at home after about 7:00 PM  if you had a chance to call him; it is not really that urgent and, if you are pinched for time, never mind and he will try to get you tomorrow afternoon.  His home phone is  - 1 -  Messages for Mr. Volcker  REMINDER:  Tuesday, June 15, 1971  NOTE: Mr.Cavanaugh is on vacation; Call Mr. Cavanaugh (2438) expected back on June 28th.  9:20 AM -- URGENT NOTE from Mr. Willis: -- Alan Wolfe called Mr. Willis to tell him that Mr. Krumbhar of the JEC Minority Staff said he needs the paper on the Reuss program this morning -- otherwise hfoiwill have to prepare his own paper -- Mr. Willis left a revised draft with you last night -which should be sent to Mr. Krumbhar as soon as you have cleared it. 9:30 AM -  Mr. Kearns called.  He asked that his call be returned.  (--128-21131.) 9:45 AM - Bob Bethke is in Washington for the day - and stopped by in the hope that he might have about 10 or 15 minutes with you to talk about financing.  I suggested that if he were free  that you possibly could see him on your return from lunch, should you return about 2:00 p.m. 2:10 p.m.  He will stop by about  Cal. Noted,  11:00 AM - Mr. Knorr's office called and said he had just called from the Hill and said the House Banking & Currency Cmte. just voted out the direct purchasing authority.  Messages for Mr. Volcker  - 2 -  June 15, 1971  12:4.5 PM - Gov. Daane called and would lik e you to call him. 2:05 FM - Mr. Nelson stopped by to say that the Secretary had signed the memo to Mr. Carlock and also the letter to Mr. Schweitzer. 2:45 PM - Mr. Rustad will be in your office at 12:00 Noon on Friday, June 18.  (arranged at Mr. Volcker's request)  3:00 PM - Jim Smith called.  11=11 11••  ON CAL.  He asked that his call be returned.  (5381) 3:30 PM - Mr. Gotschlich at the German Embassy called and said at the dinner last evening you and Mr. Schoellhorn agreed that, if it would be possible, you would like to mee t sometime during Mr. Schoellhorn's stay in Washington, but Mr. Schoellhorn did not know how much he was obliged to take part in the official program of the Chancellor.  Mr. Gotschlich just got  a phone call and was asked to inquire if it would be possible for you to see Mr. Schoellhorn sometime tom orrow, the 16th, between 3:00 and 5:03 (Schoellhorn's plane leaves Dulles tomorrow at 6:30).  I told Mr. Gotschlich you had a 3:30  o'clock meeting at the White House tomorrow and, as soon as your present visitors left, I would see if you felt you could arrange to have someone else attend that mee ting in order to be able to see Mr. Schoellhorn. 331-3380.  Mr. Gotschlich's number is  Mr. Peterson's office had called just before Mr.  Gotschlich called to inquire if you would att end the 3:00  Messages for Mr. Volcker  - 3 -  June 15, 1971  PM CIEP Review Group meeting on tariff preferences for developing countries.  I said we had it on the calendar  and I thought you were planning to attend.  Evidently they  are trying to keep the Review Group at a high level because you'll recall they said the Under Secy  could be accompanied  where appropriate by Asst. Secy. level personnel. 3:45 PM - I talked to Jack Wade at Eastern Airlines and he made some calls and called back and said everything was arranged for Mrs  Volcker and Jinuny both at Newark and National.  When you go to National to meet Mrs. Volcker and Jimmy, you should ask for the Eastern Customer Agent who will be on duty then, Jim Vordenbaum, and he will do the necessary at this end.  Messages for Mr. Volcker  - 4 -  Tuesday, June 15, 1971  4:00 PM - Sam Cohen is free to meet with you at 10:30 a.m. tomorrow (Wednesday, June 16). NOTE:  He will come to your office.  ON CAL.  Mr. McGinnis has been rescheduled for 10:00 a.m. on Wednesday morning.  4:15 PM - Catherine in Chrm. Burns' office called to ask if you and the rest of the Treasury financing group would like to Lunch there tomorrow.  If you're meeting Mrs. Volcker and  Jimmy at National at 12:30, you undoubtedly won't be finished delivering them home in time to lunch at the Fed.  Mr.  MacLaury has a SIPIC meeting tomorrow and won't be able to lunch at the Fed either,  OK to cancel the lunch for  tomorrow? YES NO Or should Mr. Adams, Mr. Carlock, Mr. Snyder, and Mr. Cook go and lunch with the Fed staff? YES NO NOTE:  Mr. Schoellhorn will be here to see you at 4:15 tomorrow.  4:30 PM - Mr, Sternlight  UR  called and said he and Mr. Holmes had  hoped to have some further discussion with you following * up their earlier conversation.  In view of the VG meeting,  he said just to give you the following message and they will  Messages for Mr. Volcker  June 15, 1971  hope to talk to you in the morning: "The market closed weaker in the wake of the Bank of California increase in prime rate to 6 percent.  Market yields in the  August, 1972, to May, 1973, area are now 5.85 to 6.16 percent, which casts some doubt on the feasibility of a 6 percent coupon in late 1972.  I think it is still a possi-  bility, but not quite as solid as earlier." 4:55 PM - Mr. Wade's secy. called and asked if you were seeing Mr. Schoellhorn any time within the next week.  Mr. Wade was  out of the office and she had a newsman on the phone asking the question and wanted to know what she could tell him. I told her you were seeing Mr. Schoellhorn but she not tell any newsman without your approval.  la*  should  She said she  didn't want to lie to the press; I suggested she just tell the newsman that she would give the inquiry to Mr. Wade on his return. I called her back and found the newsman was Helmuth Reincke, of Neue Zuercher Zeitung. r. 3.20 PM - Mr. Petty's secy. called and said he would accompany you to the 3:30 o'clock meeting tomorrow.  I advised Mr.  Peterson's office. 3:25 PM - Mr. Kearns called again and would still like to talk to you.  1  1  Messages for Mr. Volcker  Monday, June 14, 1971  8:45 AM - Mr. Kearnscalled. He asked that his call be returned. (He expects to leave his office for a meeting at 9:30 a.m.) --128-21131,. 9:05 AM - Mr. McGrew called from Paris with the following message from Governor Daane. (Governor Daane had telephoned Mr. McGrew from Orly -- and thought you might be interested in some advance indication of what came out of the meetings in Basle. The points are as follows: 1.  The report that they were working on will not be published as such.  There was quite a bit of opposition, including  from the French. 2.  The recommendations are lagely intact. shortened somewhat.  They have been  Essentially, it was agreed:  A.  That they would put no more into the market; and  B.  They would gradually pull some out. (On this latter point, the negotiations will continue. Gov. Daane is to be in touch with Ziljstra on Tuesday.) What was agreed was that Ziljstra will, in his speech to the Annual Meeting today, give the substance of the decisions. Gov. Daane will telephone to you as soon as day he gets into the U. S. at the end of the/-- he had mentioned 6:00 p.m. to Mr. McGrew (who wasn't clear whether this would be from Tioston or Washington).  Messages for Mr. Volcker  NOTE:  - 2 -  Monday, June 14, 1971  Mr. Cross said that Mr. Schoellhorn will not arrive Washington until about 5:00 p.m. this afternoon -- and that there wasim no need or opportunity to see him today. Mr. Cross suggested that you might mention to Mr. Schoellhorn at rhe dinner tonight that should he want to get together for on Tuesday or any official discussions this could sometime/bRiNxil Wednesday (Mr. Schoellhorn leaves Washington on Wednesday.) NOTE:  The only free time on Tuesday would at 4:30 p.m.; or Wednesday morning, approx. 9:30 a.m. to 10:30 a.m. or 11:30 a.m. or at/noon.  10:55 am - Mr. Hoover called from New York - and the message delivered to Mr. Volcker at the OPIC Board meeting that he is anxious to talk with him before 2:00 p.m. - or during the lunch break. (Callback operator No. 6 - A. C. 212-697-3730) 11:00 am - Mr. Weidenbaum called.  He would like to see you before he  leaves Washington at 3:40 p.m.  (Note:  he has a 3:00 p.m.  appointment with Dr. Walker for a few minutes - also one at 2:30 pm (which he can leave if you can see him at that time.)  2551  11:15 AM - Mr. Willis said Mr. Houthakker would very strongly like to have the Volcker Group mtg. on Wednesday instead of Thursday afternoon for two reasons:  (1) Houthakker wants to take his  family to Vermont on Thursday and he wants to have a Volcker  June 14, 1971  - 3 -  Messages for Mr. Volcker  Group meeting before you testify before the Reuss Subcmte. s Houthakker himself is going to testify before the Reus Subcmte. on Tuesday.  On the other hand, Mr. Laffer will not  could be back until Thursday -- gets back Wed. night -- and not attend an earlier VG mtg.  You have a 3:00 PM mtg. on  ces Wed. of the CIEP Review Group at EOB on tariff preferen g you will for developing countries, which I gather is somethin could only need to attend since the paper said the Under Secys one at be accompanied by Asst. Secy. level personnel and no a lower level.  A further complication is that Mrs. Volcker  wants to come back on Wednesday with Jimmy.  She said her  and Wed. Father could not take her to the airport tomorrow er, since would be the most convenient day for kiiax her Fath he usually takes Wednesday afternoons off anyway.  He did tell  airport her he could arrange his affairs to take her to the nce notice on Thursday but would need a couple of days adva she did not to rearrange appointments -- but Mm. Volcker said want to ask him to do this. come down on Wednesday.  This is why she would like to  She said they would come on any plane  you decided on and the EA Shuttle is okay with her.  There is  Shuttle into a 3:33 Shuttle into National at 4:30 and a 5:30 National at 6:30.  I checked with Mr. Peterson's office and  Messages for Mr. Volcker  - 4 -  June 14, 1971  they estimate the 3:00 PM CIEP Review Group mtg. on Wed. will last at least an hour and a half, if not longer. Mr. Houthakker is scheduled to attend that CIEF meeting as well. Do you wish Mr. Petty to accompany you to the CIEP mtg? YES NO If Mrs. Volcker took the 5:30 flight, you could have a short Volcker Group mtg. at 4:30 or 5:00 and still meet that flight. Mr. Willis would like to discuss this with you.  I raised the  question about MoRdayx this afternoon or Tuesday afternoon for the VG but Mr. Willis said the papers won't be ready in time.  Shall I make reservations for Mrs. Volcker and Jimmy on the 5:30 flight? YES OTHER 11:30 AM - David Francis, of the Christian Science Monitor, called and said there were some announcements on the ticker from Basle that the central bankers are going testop feeding their own misers" and stop putting money into the Eurodollar market -- and he wanted some analysis and comment on this.  Messages for Mr. Volcker  - 5 -  June 14, 1971  until midWhen I told Mr. Francis you might not be back he still afternoon, he said he would have to try elsewhere but about this. would like to talk to you,when there is a chance, I later learned he had been in to see Mr. Willis.  347-1751  be 2:DO PM - Mr. Willis called ;& said Gov. Daane and Bob Solomon will away both Wednesday and Thursday this week so, if we are to have any Fed representation at the VG meeting, it looks as thought it will have to be held on Tuesday.  Mr. Willis would  like to discuss this with you as soon as you return. 3:05 PM - Mr. Adams would like to see you. you will be seated 3:35 PM - The U.S.-Japan Trade Council called to say that Tuesday, June 15, the at the head table at their luncheon at noon tomorrowi, in Colley Madison Room of the Madison Hotel.  CAL. NOTED.  Messages for Mr. Volcker  - 6 -  June 14, 1971  4:20 PM - Mr. Kearns called and would like you to call him. 128 - 21131 NOTE;  Mr. Edmund A. Mennis, Sr. V.P. & Trust Officer of the Republic National Bank of Dallas (office phone:  AC 214 -  749-5000) is in Oslo, Norway, at the Grand Hotel - 415-820; flies from Oslo to Copenhagen June 16, where he will be at the Palace Hotel and where he will stay until he leaves Copenhhgen on June 24th to fly back to Dallas.  Messages for Mr. Volcker NOTE:  -  1  -  Friday, June 11, 1971  Mr. MacLaury spoke with Nick Smith of Smith Barney & Co. yesterday by phone about the Deputy Under Secretary position. He has asked for whatever background papers Penn James might have given you on Mr. Smith.  is 4e c>  9:15 AM -Jerry Newman of OASIA called to say that Governor Carli  likely to be here sometime during the week of June .2-6th; also that he was going to check the Secretary's calendar 1 and yours for the scheduling of appointments for Mr. Carli/ i  NOTE:  FYI - Chairman Preston Martin has called for a copy of your just speech in New York yesterday, which his messenger has/ picked up.  11:20 AM - Mr. Weidenbaum would like to see you at your convenience. (2551) 11:50 AM - Mr. Roosa called.  He asked that his call be returned.  (He expects to leave for lunch at 12:30 p.m.) (A.C. 212-483-1818) 1/ Mr, Newman said Gov. Carli wanted to be in Washington on July 1 and 2, which isn't feasible because both Secy. Connally and Chrm. Burns are leaving on July 1 to go out of town and won't be here either day. Mr. Newman said Wed., June 30th, seems to be the best day for the Secy, and Burns, and your cal, is clear then, so Mr. Newman thinks he will see if Carli can be here on the 30th.  He said Burns wants  to host a lunch for Carli and whether or not Treasury does anything socially for Carli will depend on how long he is in Washington.  Messages for Mr. Volcker  - 1 -  Thursday, June 10, 1971  12:00 Noon - Mr. McGrew called from Paris.  His call was transferred  to Mr. MacLaury. 12:30 PM  - Mr. Carlock called to say that the House Banking and Currency Committee has scheduled you to testify on the Extension of Direct Purchase Authority, at 10:00 a.m. on Tuesday, June 15. for you.mui  12:50 PM  He is preparing a draft statement  ON CAL.  - I have given Marty Miller 2:30 p.m. on Tuesday, June 15 (10 min.).  1:15 PM  ON CAL.  - Mr. McGinnis called for an appointment with you on the Chinese Bloc Assets (as you had suggested). 10:30 a.m. on Wednesday, June 16.  1:30 FM  I gave him  ON CAL.  Lew Abrams of the School of Advanced International Studies, Johns Hopkins University, called about confirmation of your participation in the SAIS Conference from 10:15 am to 10:45 a.m., on Thursday, June 17.  3:30 PM  -  Mr. Roosa called.  3:35 PM  -  Gene Knorr stopped by to say that he has informed the  He will call again tomorrow.  House Banking and Currency Committee that you will testi fy on Tuesday, June 15. 3:45 PM  (Mr. Carlock's message above 12:30  Mr. Bradfield asked for about 5 minutes with you tomorrow morning (Friday, June 11). (on cal.)  I have given him 10:15 a.m.  Messages for Mr. Volcker e to see you for a 3:55 PM -- Mr. Englert dropped by -- would lik few minutes tomorrow -- or when convenient. 5:00 FM -- Mr. Nelson called -Eurodollars.  (He asked about a BIS paper on  n had I mentioned the paper Mr. Solomo  Mr. Nelson suggested sent to you this afternoon, and given a copy, which has that he and Mr. Willis each be been done,)  - 1 -  Messages for Mr. Volcker  Wednesday, June 9, 1971  called after you had left NOTE:1)Mr. Higgins of Mr. Petty's office either on last night to check your calendar for a time June 10 or 11, ESF budget (to Thursday or Friday4 when you might review the take about IA hrs.).  I gave him 4:30 p.m. on Friday, June 11,  to be shifted with the understanding that this time may need housing meeting to later in the afternoon should your 3:00 p.m. at the White House Attending:  extend past 4:30 p.m.  ON CAL.  , Mr. Petty, Prof. Schmidt, Mr. Cates, Mr. Hennessy and a representative for Mr. Webster -- to meet in your office.  t to collect 2) Rose Cicala stopped by about 6:45 p.m. last nigh o to the all the copies of the McCracken memo and the Mem make sure that President, for safekeeping in his office -- to can't say nothing was leaked to the reporters-- so that they that it came from Treasury. --  I thought I gave her the extras Mae had made; I told her l collect you had a copy which she may ask for; and she wil  any that had been given to the ExecSec. today xximt; the Treasury 3) Mr v MacLaury will be in Minneapolis/*RwR the Fed's invitation Financing Group has decided not to accept for a staff luncheon today (Wednesday).  Messages for Mr. Volcker  Wednesday, June 9, 1971  - 2 -  called concerning your 9:15 AM - Mr. Noyes, Morgan Guaranty Trust, appointment with Mr. Alexander Bagliano.  His message is  today and that Mr. Bagliano is flying back from London y -Mr. Noyes was unable to reach him by phone yesterda Bagliano's but he does have an appointment for you on Mr. Noyes calendar for 2:30 p.m. on Thursday, June 10th. Mr. (Mr. Noyes') of suggested that you go to his office/on the 3rd floor Magan Guaranty at 23 Wall Street.  Mr. Noyes also suggested  (Thursday), that that if you have a minute tomorrow morning (Mr. Noyes) arrive you might check with hinithat Mr. Bagliano did all right.  His phone number is 425-2323, Ext. 4055.  CAL. NOTED. 9:50 AM - Mr. Betts' sec'y called to say that there will be a Staff Mtg Friday in Rm. 4426. 9:55 AM -  Bill Weber called regarding the news conference that he time of the had suggested at the/Municipal Bond Women's luncheon meeting in New York tomorrow.  He said he had consulted  with Mr. Brumley and they decided that it would be better not to have a press conference, unless you had strong feelings to the contrary. 10:L5 AM - Mr. Adams would like to for New York.  ee Mr. Volcker before he leaves  Messages for Mr. Volcker  June 9, 1971  - 3 -  11:50 AM - Mr. de Kock called and said he had seen you last night and told you he wanted to stop by to say goodbye.  I suggested  3:00 1341, which evidently didn't please him because he asked if he couldn't come in before lunch.  I explained you were  out of the building at a meeting and we didn't expect you back until after lunch.  Since he didn't like 3:00 PM or  any time between 3:00 and 4:30, I offered him 2:30, saying I thought you might be back from lunch by that time.  He  accepted 2:30, saying he would come and wit until you YES NO 12:00 M - Derek Mitchell called -- said it wasn't urgent and that you returned.  Would you like Mr. Nelson to sit in?  could call him after lunch -- he expects to be in his office. 181 - 3186 12:05 PM - Frazar Wilde phoned -- is in Washington to testify on the Hill but hoped to see you this afternoon or early in the morning.  I explained your schedule and he said perhaps  he could just talk with you on the phone  he said he would  phone you around 3:00 or 3:30. 12:10 PM - Victor Morris, of Natl. Securities and Research Corp  of  NYC -- an investment company -- called to say he will be in Washington on Monday, June 14th and will be seeing other people in Treasury and would like to see you.  I explained  some, on the 14th. then and le, schedu full you had a completely  Messages for Mr. Volcker NOTE:  - 4 -  June 9, 1971  Mrs. Conwell at the NY Fed did some investigating on the hotel situation.  She said there is no Sheraton Carlton in NY --  the hotel you thought Mr. Hoover recommended.  She checked  the locations of the Hospital, 560 1st Ave., which is at 31st St., and 122 E. 42nd (where Mr. Hoover's office is located), which is at between Lexington and Park.  She couldn't find  anything near the Hospital so the only thing she could think of was getting you near Lexington and Park, which would be the Biltmore at Madison Ave. and 43rd.  She said the Biltmore  is an older hotel but still nice; she had not made you a reservation but had checked and was told a room was available. She said space was tight in NY so I told her to go ahead and make you a reservation at the Biltmore and guarantee payment. I hope this is all right. NOTE:  Jerry Newman had told me yesterday that State was asking about your going to the Alpbach Conference.  However, since the Austrian  Ambassador was seeing Dr. Walker today about some meeting, we decided to await the outcome of that.  It turned out to be as  we suspected; State had gotten tired of being goosed by our Embassy in Vienna and suggested that they tell the Austrians to have their Ambassador in Washington call on you and get the thing resolved.  The cable the Ambassador got from Austria  instructed him to call on Charls Walker and try to pin him down  A  Messages for Mr. Volcker  - 5 -  June 9, 1971  on attending the Alpbach Conference,  Jerry Newman had told  Dro Walker beforehand that you had been invited to the Alpbach Conference so, when the Ambassador started his pitch, Dr. Walker said there must be come confusion over names -- the man you must want is Mr. Volcker, whereupon the Ambassador produced his cable instructing him to call on Dr. Walker.  Dr. Walker expressed some  interest in attending the Alpbach conference and spending a little time there, so it was left that the Ambassador would try to straightalthings out with his people in Austria and Mr. Newman told the Ambassador that you were still giving some thought to participating in the Conference so that, with both Dr. Walker and you having some interest in it, there was a good likelihood of getting at least one of you to attend.  I assume things will  rest this way until we receive some further message from Vienna after the Ambassador reports to his people what happened. 12:30 PM - Mr. Dale called.  He has information for you on the  British plans - and asked that his call be returned. (He wondered whether either Mr. Mitchell or Mr.Nelson already might have/given you the information. (181-3067) 12:35 PM- Mr. Weiczorowski called. returned. (181-2776)  He asked that his call be  (He will be ouVfof his office until about 2:30 pm)  Messages for Mr. Volcker NOTE:  - 6 -  June 9, 1971  When I called Mr. Hoover's secy. thi s morning to ask precisely when and where you were to meet him for breakfast in the morning, she said he was not in the office but would be calling her later in the day and she would ask him and call me back.  She called  back in the afternoon and said Mr. Hoover thought you were going to specify the time and place but he would be glad to meet you at his office at 8:00 AM.  I trust this is all right.  His secy.  said there were places nearby to have breakfast. NOTE:  Mr. Brumley called and said they think Monday will not be too late for a NY Times piece on the intl. monetary situation, if you care to write it.  3:15 PM - Mr. Coombs called and wou ld like to speak to you on the phone for a few minutes.  He asked if you were going to be in the  Bank at all tomorrow and I said I wasn't sure, you had a pretty tight schedule but, if you did so, it would seem most likely tomorrow morning sometime, perhaps just before your noon speech.  He mentioned he was leaving tom orrow afternoon  for Switzerland and some decisi ons needed to be made. He you wanted to be sure I had given/kim the revised paragraph (6), which his secy. had dictated to me; I said I had but wasn't sure you'd had a chance to look at it yet since you were working on ;your speech,  Messages for Mr. Volcker  4:05 PM - Mr  June 9, 1971  - 7 -  Carlock called and said he needed to get a decision  from you this afternoon on Farmers Home.  I said I'd remind you.  4:15 PM - Mr. Holmes called and needs to talk to you about several problems before 5:00 PM today.  He knows you are working on  your speech, 4:20 PM - Mr, Bergsten called and, when I explained your situation, said to tell you he'd like to speak to you on the phone on Friday about the Reuss Cmte. hearings -- he, Bergsten, has been asked to testify and he wants to talk to you about the propriety of his doing so and, if he does it, about what he might usefully say that might better come from one out of Government.  He is at Brookings (where he will have an office  for about 6 months) - HU 3-8919, Ext. 332.  Messages for Mr. Volcker  fr  - 1 -  (-4  v 10:00 AM  Tuesday, June 8, 1971  Marty Miller called again about the possibility of seeing you for about 10 minutes at a time convenient with you.  10:30 AM - Hans Wid  (2119)  ann called from New York this morning to invite you  and Mrs. Volcker to have dinner with him and a few other peop le in Washington on either Wednesday or Thursday, June 16 or 17, at the Madison. He mentioned the fact that one of the gues ts will be Mr. Butterworth from London, who is Manager of the Pension Funds of the British Petroleum Co.; also, possibly, Paul McCracken - and several others. Your calendar on June 16th is clear; on June 17th, 5:30 pm to retirement 8:00 pm - you are attending a/reception for Harr y Gilbert of FNMA, at the National Aviation Club, 1156 - 15th St., N.W. (Mr. Widenmann had suggested 7:30 p.m. or 8:00 p.m. for dinner.) Mrs. Volcker Shall we accept for/you? Wednesday, If yes -- on/June 16  YES  NO or on Thursday,  June 17 (A.C• 212-530-4114)  1  J t).JveL: - 2 -  Messages for Mr. Volcker 2:25 PM -  Tuesday, June 8, 1971  Mr. Flanigan's office has scheduled a Housing meeting for 3:00 p.m. on Friday, June 11, in the Roosevelt Room, West Wing, White House. NOTE:  ON CAL. (Rescheduled from 11:u0 AM Friday)  Mr. Adams is being sworn in at 2:30 p.m. in the Secretary's office.  2:35 PM - Oscar Mackour called and said  the U. S. Minister in Paris  is goingto London as the new Economic Minister -- his name and he would like to pay his respects to  is Robert Brand  you while he is in Washington next week. on Tues., June 15. bio  I suggested 3:00 PM  Mr. Mackour said he would try to get a  and that he would probably sit in as would someone from  State. 4:15 PM - John Stark, Executive Director of the Joint Economic Committee called and asked that you be given the message that his call is in connection with the invitation to the Secretary from Congressman Boggs to testify before his Subcommittee on Foreign Economic Policy -- on Thursday, June 24th.  Mr. Stark wanted  to tell you that it is the Chairman's hope that you will come with the Secretary -- since the Treasury plays such a vital role, the Chairman would like both the Secretary and you to appear.(NOTE:  A copy of Mr. Petty's memo  v,, OFI , t*e—S.Lfterctar  came in this afternoon, indicating that the Secretary would not appear before this Subcommittee; that it probably would be you or Mr. Petty who would testify.)  Messages for Mr. Volcker  - 1 -  Tuesday, June 8, 1971  10:00 AM - Marty Miller called again about the possibility of seeing you for about 10 minutes at a time convenient with you. 10:30 AM - Hans Wfd  (2119)  ann called from New York this morning to invite you  and Mrs. Volcker to have dinner with him and a few other people in Washington on either Wednesday or Thursday, June 16 or 17, at the Madison. He mentioned the fact that one of the guests will be Mr. Butterworth from London, who is Manager of the Pension Funds of the 3ritish Petroleum Co.; also, possibly, Paul McCracken - and several others. Your calendar on June 16th is clear; on June 17th, 5:30 pm to retirement 8:00 pm - you are attending a/reception for Harry Gilbert of FNMA, at the National Aviation Club, 1156 - 15th St., N.W. (Mr. Widenmann had suggested 7:30 p.m. or 8:00 p.m. for dinner.) Mrs. Volcker Shall we accept for/you? Wednesday, If yes -- on/June 16 June 17 (A.C. 212-530-4114)  YES  NO or on Thursday,  Messages for Mr. Volcker  - 3 -  June 8, 1971  4:50 PM - Mr. Hoover called and would like you to call him either tonight at his home in Darien, Conn.—, or tomorrow at his office in NYC - 697-3730.  /  --  Messages for Mr. Volcker  1  June 7, 1971  9:50 AM - Mr. Hirschtritt would like to see you for five minu tes sometime before the 3:00 PM mt g. today. we call him when you are free  I suggested that  2803  10:40 AM - Mr. Willis would like to speak to you on the phone wh en you're free sometime this morn ing re your preferences on dates for the Carli visit.  Mr. Willis said Mr. Korp will  check in with Mr. Willis this afternoon before Korp leaves to return to Italy. 10:5U AM - Norborne Berkeley, of Chemical, called and said you had called him a couple of weeks ago and had indicated that either you or someone else woul d be in touch with him in connection with a spot down he re. and was just checking.  He hasn't heard anything  NYC 770-2165.  VOLCKER MESSAGES  June 7, 1971  - 2 -  3:00 PM -- Rose Cicala called -- Secretary can see you around 5:30 or 6:00 -- will confirm exact time soon. 3:05 PM  --  Mr. Deming will call Mr. Volcker in five minutes.  3:10 PM -- Mr. Brumley called Mr. Volcker (x 5252) re Internat'l Monetary situation -- New York Times 5:00 PM -  Connie Pearson of Congressman Reuss' office confirmed the luncheon with Mr. Reuss for Tuesday, June 8, at 1:00 pm in the Members Dining Room, 1st Floor, House Side of the Capita and to meet Mr. Reuss in the Dining Room. ON CAL.  6:00 PM - Gov. Daane called & would like you to call him -- either at the office or later at home. 6:2D PM - Mr. Petty called and asked if I'd seen a cable saying Kashiwagi was resigning; I said I hadn't.  Mi. Petty just had a call from  the Japanese Embassy saying that Kashiwagi was resigning and his successor is a man named Hosomi, who was in charge of their tax administration.  Mr. Petty said Raxhiwagi in Japan  it is the custom for people reaching their early  50's to  get out of the career financial service and into private servic e• the Govt. plants them.  Kashiwagi had reached the age where  he was supposed to have resigned two or three years ago and there was a good deal of talk about why he stayed on.  The  Messages for Mr. Volcker  - 3 -  June 7, 1971  Japanese Embassy told Mr. Petty that Kashiwagi and Hosomi will be in Washington July 14, 15, and 16, and the Embassy is giving the Treasury first crack at extending them invitations, Mr. Petty said he i  going to recommend to you inviting the  two men to lunch on the 14th (Wed.) and to dinner on the 16th (Fri.). these dates.  Your cal. clear and I have put a hold on hNth  Messages for Mx. Volcker NOTE:  -  June 4, 1971  Cong. Reuss is out of town today and his secy. doesn't expect him bbisk until late Monday but she is scheduling you to lunch with him at 12:.)0 PM Tuesday, June 8, in the Members' Dining Rm., first floor, House side of the Capitol (enter from East side of Capitol and turn right just beyond the elevators).  9:15 AM - Gov. Daane called and would like to come over to see you when you get out of Secy's Staff to fill you in on the Basle mtgs. and talk about what will be discussed with Ossola. 9:25 PM - Sam Cross would like a word with you as soon as you are free.  •  Messages for Ni. Volcker  - 2 -  11:50 AM - Marty Miller called.  He would like to see you for about  Friday, June 4, 1971  10 minutes on Monday morning, or sometime before lunch. Do you want to see him?  YES  NO  If yes, is it all right to suggest that he come in at 12 Noon?  YES  NO  (2219) 11:55 AM - Mr. Hoover called from New York and asked that his call be returned.  (He expected to leave for lunch shortly -- and  suggested sometime after 2:00 p.m.)  I asked his secretary  to let him know that you were going to an outside luncheon and it could be close to 3:00 before you were free to call him.--Callback Operator No. 6, A.C. 212-697-3730. i2xf40xXxxxMxxxibittyxEatiRAxtmxsa*  3:00 PM - Peter Towe (No. 2 man at Canadian Embassy) called  •••  will be out and will call you again. (I told Jerry Newman about this call and he said Mr. Towe has been trying to see ML. Petty for the last couple of days and Mr. Newman is now trying to line up something for Mr. Towe with Mr. Petty on Tuesday.  The last time Ivir  Newman talked  to his contact in Towe's office -- the same time that IN Towe was calling you -- he indicated that if Mr. Towe couldn't see Mr. Petty, Mr. Towe would ask to see you.  June 4, 1971  - 3 -  Messages for Mr. Volcker  to bleed a little about s nt wa we To . Mr ks in th an wm Mr. Ne g on the Canadians -- and in ck pi -ch ee sp ch ni Mu 's cy the Se Mr. Newman hopes he will ll Hi e th on y on im st te e th of some for Mr. Towe with Mr. Petty ed ng ra ar g in th me so t ge to le ab be u again. so that Towe won't be after yo for said you should send a check d an ed ll ca r ke lc Vo s. Mr 3:55 PM rk University Medical Center $297.20 payable to the New Yo Medical Center, University ty si er iv Un rk Yo w Ne e th to addressed H-179, 560 First Avenue, . Rm , ts un co Ac ' ts en ti Pa InHospital, New York, New York  10U16 t her sign She also said they won't le  t your coming up and ou ab d xe la re e ar t bu rm fo the insurance signing it on Thursday.  ything She said to tell you ever else is fine.  line but she said I offered to put you on the  ing. not to interrupt your meet ed again. 4:30 pm - Mr. Hoover call  u at He said he would call yo  tonight. home about 9:00 p.m. ti  Messages for Mr. Volcker  - 1 -  Thursday, June 3, 1971  10:30 AM - The Secretary's Tel. Oper. called to confirm that the Secretary will hold his staff meeting at 8:45 a.m. tomorrow (Friday), in Room 4426.  (ON CAL.)  11:40 AM - Mr. Hoover will wait for your call until about 12:a)p.m. (A.C. 212-OX-7-3730.) 11:50 £41 - Mr. MacLaury said ML. Fitzpatrick called him and said there is a serious difference of  Elf:dial/1R  about $2-1/2 billion  between his forecasts and OMB forecasts for expenditures this year, which, if it turns up in June, will mean heavy extra borrowing.  Fitzpatrick does not see how OMB can  spend all of this money, unless it is year end projects but he thought you should be aware of the possibility. Fitzpatrick has also alerted Mc. Carlock. 12:00 M - Mr. Trezise called and would like you to call him.  632-0396  12:25 PM - Two lines were left off the bottom of page 3 of the briefing paper for the McNamara lunch and we have been supplied a corrected copy, attached.  Mr. Coar says those at the  lunch will be the Secy., Dr. Walker, you, Mr. Petty, Mr. McNamara, Mr. Knapp, Mr. Aldewereld, and Mr. Wieczorowski. The Secy. is having sherry served to the group in his Conference Room at 1:00 before going down to the dining room.  Messages for Mr. Volcker  - 2 -  June 3, 1971  4:30 PM - Joe Slevin called and asked to see you sometime next week. I gave him 4:30 on Wednesday, June 9. 5:05 PM - Mr. Petty's office called and asked if he and Messrs. Pelikan, Cates, and Cross could see you at 5:45 on the OECD Ministerial meeting and the US/EC bilateral meeting. I explained you were late for your 5:00 o'clock mtg. with a newsman and said we would call Mr. Petty's office when you were free.  Messages for Mr. Volcker  - 1 -  10:00 AM Vred Deming of HUD called.  Wednesday, June 2.1. 1971  He asked that his call be returned.  (138-57317) NOTE:  - Mr. Betts' secretary will check with us tisl at 4:00 p.m. ty your return from Mater Dei School.  Mg  on  Since you have a 4:30 pm  appointment with Messrs. Robinson and Blanchard, Mr. Betts will be in after they leave, should he not see you at 4:00 pm. (Cal. noted) NOTE:  I was able to find out that the following people are scheduled to attend the housing meeting at 9:00 AM tomorrow in the Roos evelt Room:  Fred Deming for Romney; Herb Stein; you; Lyle Gramby for  Chrm. Burns; Preston Martin; Art Laffer; Oakley Hunter; and Jim Loken, of Flanigan's staff, with Flanigan. 12:40 PM - Mr. Petty's secy called and said Mr. Petty has a very tentative appointment to see the Secy. at 2:00 today -tentative because Secy. may have to go back up on the Hill -to brief the Secy. for the McNamara lunch tomorrow. 1:00 PM - Mr, Petty's office called and said the 2:00 o'clock appointment has been cancelled -- Secy 1:45 PM - Dean Hinton called.  has to go back up on the Hill.  I told his secretary you weren't expected  back until about 4:00 p.m. - and Mr. Hinton asked that you return his call then. 3:05 PM - Robert Solomon called & would like to speak to you on the phone.  147 - 238  Wednesday  - 2 -  Messages for Mr. Volcker  3:00 PM - Mr. Willis called.  June 2L 1971  He said that John Karlik of the Joint  Economic Committee had called him and said that Mr. Reuss is organizing some hearings on the U. S. balance of payments and Mr. Karlik is asking whether you can appear at 11:30 a.m. on Thursday, June 17. On your caleidar for June 17: AM - You have been invited to a breakfast for the speakers of the School of Advanced International Studies (Johns Hopkins University) Conference (details not as yet provided); 10:15 am - 10:45 AM - Mr. Volcker (or Mr. MacLaury or Mr. Petty) to speak at S.A.I.S. Conf. for Corporation Executives on "Getting Ready to do Business with an Enlarged Common Market" (Subj. of talk:  "Current Directions in  the U.S. Monetary Policy")-- at 1740 Mass. Ave., N.W. 12:30 PM - Mr. Volcker invited to luncheon by Charles Bonsher, Asst.Secy. of Navy for Financial Management (luncheon for group that sat in on Penn Central deliberations) -- in the Secretary of the Navy's Mess at the Pentagon. (NOTE:  This is just a social luncheon.)  Shall we tell Mr. Willis he can inform Mr v Karlik that you ARE  ARE NOT  available to appear before  Mr. Reuss's Committee at 11:30 a.m. on Thursday, June 179 Mr. Willis indicated he would send you an (Mr. Willis - 5334) -additional note.  Messages for Mr. Volcker  - 1 -  10:15 AM - Mr. Trezise returned your cal l. NOTE:  June 1, 1971 101 - 20396  Have told Mr. Betts' office that you will lunch in Secy's dining room today.  Is this all right? YES NO  NOTE:  Mr. Mackour, who is handling the schedu le for the Treasury Reps, said the Secy, who had been as scheduled to talk to the Reps after lunch today has scrubbed and Mr. Mackour would like to fit you into that slot - from 2:1 5 to 3:45 PM this afternoon. This would be in 4121.  Your cal. is clear. YES  NO  Is this OK?  Messages for Mr. Volcker  May 24 - 28, 1971  Wednesday, May 26 10:15 AM - Nelson Coar called to check your calendar for lunch on Thursday, June 3, which was clear.  He said they are  arranging a luncheon in Secy's Dining Room with the Secy, and Mr. McNamara on that day and will be sending along a paper on the issues for discussion. 2:45 PM  On cal  - Mr. Ghiardi's secretary called to tell us that Dr. Leutwiler' s trip to Washington has been cancelled.--(He had been called back to Switzerland from New York.)  -- and suggested that we  cancel out his appointment with Mxxxlimi you at 11:00 a.m. on Monday, June 7.  2:50 PM -  (Jerry Newman was advised -- and thought Mr.  Nelson had informed you of this this morning.) also Gov. Daane's secretary/called and asked that we cancel the hold on your calendar for a dinner for Mr. Leutwiler by the Federal Reserve Board.  2:55 PM  Mr. Palamenghi-Crispi's secretary calledko extend his invit ation to you to a luncheon he is giving at 1:00 p.m. on Friday, June 4, in Mr. Schweitzer's Dining Room, on the 2nd Fl. of the IMF, (about 12 guests), for Mr. Ossolo.... Is it all right to accept? (Mrs. Kelly: 9-477-3301)  YES  Your calendar is clear. NO  Messages for Mr. Volcker - 2 Mon-Fri May 24-282_ 1971 Thursday, May 27 10:30 AM - Mr. Robinson's secretary called from New York to say that he and Dick Blanchard would be in Washington on Wednesday, June 2, and would like to come in to see you.  I gave them  4:30 p.m. tentatively and told her I would confirm on Tuesday, June 1, after you had gotten the message.  CAL. NOTED.  (Ruth Finley - A.C. 212-944-2000, Ext. 363.) Friday  May 28  10:00 AM - Former Secretary John Snyder called to inquire whether you had made a decision on his invitation to talk at Georgetown Friday, October 1, University Forum dinner session/( on international monetary scene and Balance of Payments; or at luncheon session on Saturday, October 2. Friday, October 1: Saturday, October 2:  Last day of Bank/Fund Meetings. Clear.  He asked that you return his call on Tuesday morning, when convenient.  (296-4620)  11:15 AM - You have been invited to attend the swearing-in of James Lynn as Under Secretary of Commerce, in Room 5855 of the main Commerce Building, 14th and Constitution Ave., N.W. (Invitation extended from Mr. Lynn by his secretary).  CAL. NOT  -- Your calendar is clear. 11:55 AM - Mr. Bodner's secretary called from New York to say that material is being sent today via special messenger.  Mr.  Coombs would like Mr. Volcker to see matter as soon as posiib ll  Mon-Fri.  - 3 -  Messages for Mr. Volcker  May 23-282_1971  Friday, May 28, 1971 11:55 AM -  He asked that you be given the follow-  Marty Miller called.  Savings ing message: "Tom Hughes, Deputy National Director of should Bonds, retired yesterday (Thursday, May 27), which ons of make it easier to move forward with our recommendati March 9th." NOTE:  Welt, Mr. Weber called and said the Financial Editor of Die , is seeing Dr. Rudolph HerYt, will be in Washington next week you on Herb Stein at 3:00 PM on Thursday, and asked to see either Thursday or Friday, June 3 or 4. about the intl. monetary situation.  He wants to talk  I suggested to Mr. Weber  what your that we wait until you return, since I didn't know work schedule might be.  Shall we try to fit Mr. Herpt in?  j5 YES  ca  Y\AI  NO Flanigan's shop, 3:15 PM - The secy. to Mr. Loken, who is part of Mr. scheduled called and said that the housing meeting originally AM for 11:00 AM on June 3rd, was now rescheduled for 9:00 the same day.  0  tl  When I said this was the first we had heard  of about it, she said Dr. W,lker had attended a meeting d the housing group held this week and evidently he woul they not be able to attend the June 3 meeting and suggested ask you to attend.  The meeting will be held in the Roosevelt  Messages for Mr. Volcker  - 4 -  Room, West Wing, White House.  May 23 - 28, 1971  I asked Edith Baturin about  this; she said Dr. Walker did attend a meeting this week on "the money supply and housing starts," that she had not heard of the June 3 meeting and would check it and let me know,  She called back and said she had talked to Mr. Loke n  directly, who said the June 3 meeting had been sche duled at the close of this week's meeting and Dr. Walker said at that time that he doubted he would be able to attend but that you would; hence the call to your office.  Edith said she would  double check this with Dr. Walker but thought that this was more in your bailiwick and asked that we hold the time on your cal.  She said she did not know who else attended the  housing meeting and didn't know anything else abou t it but that Dr. Walker could brief you if you are to atte nd. on cal.  Noted  Friday, May 21  1  Messages for Mr. Volcker  1971  -- to say that he still 9:00 AM - Stan Wilson of Business Week called would like to talk with you about the Leonard Silk article. office that (He said he had understood from our Public Affairs you that /were not having a press briefing as a consequence of article but would talk with newsmen on an individual basis.) story this He also mentioned the Journal of Commerce lead morning to the effect that there is going to be an OECD the U.S. meeting which the Secretary of State is attending for multito discuss trade problems, Eurocurrency markets and national corporations (on Page 1)  - which raised another  question he would like to ask. (RE -7-6630) ask if you would like to lunch to ed call ce offi s' Bett Mr, AM 0 9:3 in Secy's Dining Room today.  Evidently they had some large  and you would be breakfast in the dining room this morning e today. the senior official if you lunch ther clear.  Your cal is  ng Room? Do you im wish to lunch in Secy's Dini YES NO  ey, Sr. Economist with the NY 10:00 AM - Mr. Englert said David Will the regulations you Fed, is down working with him today on . monetary situation. wanted prepared related to our B/P and intl briefly sometime today on Mr. Willey would like to see you what  . Mr. Englert termed a courtesy call  10:30 AM - Mr. Coombs called.  Friday, May 21, 1971  - 2 -  Messages for Mr. Volcker  He asked that his call be returned.  Financial ronicle called from New York. 4:00 PM - Sid Brpwn of the/Ch that his call be returned. 4:15 PM -  He asked  (A.C. 212-RE-2-9570) He  called from New York. Jeffrey Bell of the London Times  day and asked for an appoint, Mon on n gto hin Was in be to s ect exp ment with you. ..... NOTE:  n I suggested that he might call whe  him know then that you are let l wil (We . day Mon on in e he cam ich.) en route to the ABA conference in Mun NOTE:  wn had also left a Mr. Webber mentioned that Sid Bro call with Mr. Petty.  5:50  reached after about 6:30 p.m. Kr. Berkeley called. He can be 27 FM on A.C. 516-283-0410.  the airpott on his way home. m fro , led cal n nso Joh Mr. PM 6:15  He can  ton time) at his home. be reached from 7:00 p.m.(Washing Phone: 6:30 PM' Mr. Kearns returned your call. until about 6:50 FM. 7:10 PI  (128-21131)  -/ Mr. Houthakker called. m (103-5046)  He expects to be in his office  He asked that his call be returned.  _ 3 _  Messages for Mr. Volcker  May 20, 1971  12:50 AM - Mr. Bradfield needs to see you before 1:00 PM -- he said it was urgent.  8101  e 11:55 AM - Mr. Weidenbaum needs to talk to you on the phone befof lunch.  2551  that the 4:10 PM - Jim Smith's secy called and said to tell you House - Senate Conference on international financial institutions has concluded and we have lost  The conference  adopted the House position rather than the Senate position. see you again 4:50 PM - Mike Bradfield stopped by and would like to on the memorandum." 5:30 PM - Mr. Weinburger returned your call. for maybe another 25 minutes  He will be in his office  Messages for Mr. Volcker  -  1 "  Thursday, May 20, 1971  10:15 AM - Former Secretary of the Treasury John Snyder called. that his call be returned.  He asked  (296-4620)  NEXEXX 9:15 AM - Mr. Houthakker called and would like you to call him. 103 - 5046 141:35 AM - Robert Lindsay of New Jersey called with a question concerning the Boston Fed Conference which he and you had attended at Bald Peakk, N. H.,last Fall -- and referred particularly to remarks you had made from the floor in which you took a strong position about the whole question of public policy concerning making the mortgage market more perfect.  Mr. Lindsay is in-  terested in putting your point of view into a report for the but he is unsure consideration of a SubCommittee of the CED your commentary as to whether/ynnxxxnmaxkx in this respect had at any time been publicly expressed, or stated in some other form which he had been published - and kn could/therefore circulate your views to the SubCommittee.  Mr. Lindsay will be at home today  and tomorrow, and can be reached on 10:45 AM - Governor Daane called.  He is interested in setting up a brief-  ing meeting with you and Dr. Burns just before he takes off for Paris this afternoon (lvs office about 4:00 p.m. or 4:15 p.m., for 5:45 p.m. flight).  His secretary said Dr. Burns is free at  3:00 p.m. - and said there would be no point in meeting if you gnitx couldn't attend.  I had told her you had a FNMA Bd.Mtg.at contd/p.2  Messages for Mr. Volcker  - 2 -  Thursday, May 20, 1971  10:45 AM - (Gov.Daane's call cont'd). 2:30 p.m. this afternoon - and doubted that you could get there by 3:00 p.m.  OM IN*  but that we expected you back in the  office ptx prior to your 11:45 a.m. meeting in the Secy's office and could call Gov. Doane back with your answ er then. Shall we tell Gov. Doane you WILL  (or)  ARE UNABLE(BECAUSE of FNMA Bdg. meeting at 2:30 p.m. ) to meettmg with him and Gov. Burns in the Chairman's office at 3:00 p.m. (147-211)  _ 3 _  Messages for Mr. Volcker  May 20, 1971  12:50 AM - Mr. Bradfield needs to see you before 1:00 PM -- he said it was urgent.  8101  11:55 AM - Mr. Weidenbaum needs to talk to you on the phone befofe lunch.  2551  4:10 PM - Jim Smith's secy called and said to tell you that the House - Senate Conference on international financial institutions has concluded and we have lost.  The conference  adopted the Mouse position rather than the Senate position. 4:50Mike Bradfield stopped by and would like to see you again 11 on the memorandum." Weinburger returned your call. 5:30 PM --irtI1 for maybe another 25 minutes.  He will be in his office  - 1 -  Messages for Mr. Volcker 9:00 AM - Mr. Dale called. message:  Wednesday, May 19, 1971  following He asked that you be given the  rd today, Mr.Dale Assuming that you call Mr. Southa  to Mr. Southard that n tio men n't did you n soo as t would jus o of conversation; that mem s rd' tha Sou Mr. d rea had le) he (Da e that Former Secretary Mr. Southurd indicated to Mr. Dal called Mr. Southard. Anderson and Wm. McC. Martin had NOTE:  terday. - Marty Miller had called late yes  He said he had seen  ustrial Payroll Savings the past Chairmen of th4 U. S. Ind Townsend of Chrysler Corp. Bonds Committee and was seeing Lynn in Detroit on June 1.  some Mr. Miller would like to see you  if possible, to assess time during the first week of June, help for the operations the planning stage for instituting ings Committee. of the U. S. Industrial Payroll Sav --  is clear, except for Your calendar for June 2-4,(Wed-Fri) Wed., June 2, from your meeting with the Treasury Reps on 2:30 p.m. to 4:00 p.m. ty Miller? Shall we arrange an appointment for Mar YES NO OTHER (2219)  9:25 AM -  terday. Mr. Malek returned your call of yes  (145-2821)  - 2 -  Messages for Mr. Volcker  Wednesday, May 19, 1971  us that he can Rim* 9:25 AM - Chairman Burns' secretary has informed host the Fed lunch today. Shall we tell them you will attend? YES  NO  (147-201) ent of the Malaysian 9:30 AM - Mike Cross has confirmed the appointm (Thursday, Finance Minister Tan for 9:00 a.m. tomorrow morning May 20. Ong.  or He will be accompanied by the Malaysian Ambassad  ance (Mr. Cross will meet them at the Secretary's entr  rder, and escort them; and will sit in as ximmixdimgxaff reco d that if this is all right with you. (Mr. Nelson has suggeste Mike Cross might do this.) Do you wish Mike Cross to attend? YES NO OTHER (2011) the Secy. would like to say said and ed call la Cica Rose AM 0 10:0 er is in to see you hello to Preston Martin when the latt this afternoon.  bldg. Secy. has a 3:00 PM mtg. out of the  so Rose will call us when he returnsf  _ 3  Messages for Mr. Volcker  May 19, 1971  10:15 AM - Cheri called and said Mr. Pannill would like tossee you just as soon as you return from the Hill and before you see the Secy. -- about the Munich trip.  5373  10:25 AM - Lorraine called and said Mr. MacLaury would like to have the Treasury group alone, who will be with you when you see Preston Martin & Co. at 3:30 (MacLaury, Adams, Geng, Carlock & Snyder), meet with you on general financial problems at 3:00 PM.  On cal.  11:15 AM - Mr. Petty called and said he understood you were seeing the Malaysian Fin. Min. tomorrow.  Mr. Petty said Samuels  had to back out of the State Dept. lunch for the Fin. Min. tomorrow and Mr. Petty expects to be host or at least the senior official present on the US side.  He said therefore  he would either like to be included in your meeting with the Finance Minister or to be debriefed after you see him. Do you wish to include Mr. Petty in the 9:00 AM meeting with Fin. Min. Tan? YES NO  •  Messages for Mr. Volcker  - 4 -  May 19, 1971  2:10 PM - Mr. Weidenbaum called & would like to speak to you on the phone when you return.  2551  3:30 PM - Mr. Wes Field called -will call again at 5:00. 5:05 PM - Wes Field called again -- said he worked with you at Chase Manhattan and is in Washington seeking employment; he said you were going to see if anything with his backgrou nd might be available in Treasury.  He first asked what your schedule  was tomorrow and I said it was very heavyc  He said he would  call around 11:00 and hoped we could have some mess age from you for him.  I asked if there were any place we could call  him and he said he was in Fairfax - AC 703 591-5711. 5:20 PM - Stan Wilson of Business week called and woul d like to talk to you and mentioned the subjects raised by Mr. Silk.  He  said he was leaving for home and did not suggest you cal] him at home because he is on crutches and I gues s wasn't sure he could get to the phone in time; he may call again when he reaches home.  Otherwise, he said the Treasury press  office said you were available to the press when you were available and he'd appreciate your calling him at the office tomorrow, if you have a chance, if he doesn't reac h you this evening. NOTE:  His office phone is RE 7-6630,  When Mr. MacLaury & your financing group left, they asked for some time on Friday to discuss agency financing befo re you leave for Europe. I gave kim them 2:30 on Frid ay.  Wednesday, May 19, 1971  Messages for Mr. Volcker  5:30 PM - Both the Secutary and Dr. Walker will be away Friday morning. Shall we tell the Secretary's Operator that you will chair the Full Stafaieeting in Room 4426 on Friday at 8:45 a.m.? YES NO OTHER (Secy's Tel. Operator)  Tuesday, May 18, 1971  - 1 -  Messages for Mr. Volcker  His secretary said he was leaving for the House Hill at 9:30 a.m. to testify before the/Banking and Currency's  9:05 AM - Henry Kearns called.  Subcommittee on international trade - on EX-IM Bank legislation. His secretary will call again on his return to his office. 9:20 AM - Mr. Carlock is hosting a luncheon for Mr. MacLaury, to which you have been invited, with Messrs. Geng, Adams, Synder, Cook. We have had a hold on your calendar. at 1:00 p.m. today.  This is at the San Souci,  Is it all right to confirm? YES  (2112)  NO  9:25 AM - Chairman Burns' secretary has extended the invitation for the Fed Lunch tomorrow (Wednesday).  She said the Chairman will be  unable to attend, but Governor Robertson will host.  Is it all  right to say that you will have lunch at the Fed? (Your calendar is clear.)  YIPS  NO  (Katherine - 147-201) 12:45 PM - Henry Kearns called - please return call. MIXEKEgyX  (128-21131)  3:50 FM - Dr. Emminger attending an important mtg -- left word to have him return Mr. Volcker's call (approximately 30 minuteg from his residenc4).  Monday, May 17, 1971  Messages for Mr. Volcker 9:15 AM - Gov. Daane called.  He asked that his call be returned.  (147-201) 9:45 AM - Gov. Daane called again. (He knows you you are on the Hill with the Secretary.) 2:45 PM - William Butler of Chase Manhattan called.  He said he has  tholgit of three possibilities for you: 1)  Dick Peterson of the Continental Illinois Bank in Chicago, whanhe thought would be extremely good. He had previously been with the Bank of America in San Francisco -- and is a very competent and an attractive fellow.  2)  Dave Grove of IBM, New York City (who could possibly be persuaded to take some leave).  3)  Dave Blank of CBS, New York City (who could be persuaded to take a turn).  I told Mr. Butler that you were in a gmixmitamind meeting and would not be back until about 4:00 p.m.  He expects to  leave his office about 5:00 p.m. - but expects to be in all day, should you want to talk with him. 4:00 PM - Ofiver Jones' secretary called to say that the dinner tomorrow evening (Tuesday, May 18)kwould be at 8:00 p.m. (reception7:30 p.m.) in the Pan American Room of the Statler Hilton Hotel, 16th & K Sts., N.W. - Cal. Noted.  Messages for Mr, Volcker  3:05 PM - Mr. Kearns called.  Monday, May 17, 1971  - 2 -  He asked that his call be returned.  (128-21131). 3:12 PM - Mr. Holmes called,  He will be leaving the NYFed at 4:00 p.m.,  because of the rail strike, and said Peter Sternlight probably will be in touch with you later. 3:20 PM - Fred Deming of Hud called.  He asked that his call be returned.  (138-57317) 3:45 PM - Leonard Silk of the New York Times called.  He asked that his  call be transferred to Dr. Walker when he heard you were not available. (Dr. Walker was not in his office to take the call,) Mr. Silk has left word for Dr. Walker to return his call -- or if he is unable to do so, wii would like Et° talk with you. k  Blanche will let us know if Dr. Walker talks with him.  (A.C. 212-556-1791) 3:50 PM -  --(Or. Walker is talking to Dr. Silk,)  Mr. Dale stopped by -- he said nothing urgent.  4:30 PM - Dr. Walker's office said he did talk to Leonard Silk but Mr. Silk said he still had to talk to you and would you please call him just as soon as possible, NOTE:  The people who were to fix your desk chair have decided it is too worn and that you should have a new chair.  They can  get you one exactly like the one you had -- or one like the brown one you are now using, which has a head rest -- whichever you prefer but, in any case, in the dark blue leather.  Messages for Mr. Volcker  - 3 -  May 17, 1971  Would you prefer a chair with or without a headrest? WITH WITHOUT 4:35 PM - Mike Cross said the people at the Malaysian Embassy think come to Finance Minister Tan is free and would be able to/see you at 11:30 AM on Wed., May 19, but they want to double check it with the Finance Minister after he arrives and confirm. On cal.  Also, Mike Cross said the Malaysian Embassy extended  an invitation to you and Mrs. Volcker to the reception the Malaysian Ambassador is giving for the Finance Minister from 7:00 to 9:30 PM on Wed., May 19th, at the residence, You and Mrs. Volcker are to attend an 8:00 PM informal dinner by Amb. & Mrs. Amuzegar for the Kearns on May 19th.  With respect to Malaysian reception,  do you wish to:  i_rate-r  ACCEPT REGRET 445 PM - Mr. Willis called.  He asked for about 5 minutes with you this  evening, if possible; if not, then tomorrow morning -- to discuss Dr. Wallich's draft of the Secy's Munich speech, what's going on - and other matters.  (5334)  Messages for Mr. Volcker  - 4 -  May 17, 1971  5:05 PM - Mrs, Volcker said she would just as soon not go to the Red Cross reception tonight unless you feel it necessary. She also said she had spoken to you about borrowing Mr. Morrow tomorrow to pick her and some other ladies up at your home and take them to the State Dept. for the 12:30 luncheon the Cabinet and Sub-Cabinet wives are giving Mrs. Nixon.  She said they would prefer arriving a little past  12:30.  In this connection, Mr. Carlock had checked your  cal. with me some time ago and asked me to hold lunch on Tueso, May 18, for a luncheon he wanted to host for Mr. MacLaury.  I put a hold on but had not heard anything further.  I checked his office and was told by his secy. that she had just learned about the lunch last Friday and, so far as she knows, it is firm for 1:00 PM tomorrow at the Sans Souci, 726 17th St., NW.  Sam could pick up and deliver the ladies  to State and get back here in time to take you to the San Souci  (I will double check the lunch with Mr. Carlock in  the morning; he's in Rochester today.)  Mrs. Volcker said she  had no idea when the lunch would be over and they would phone when they were ready to be taken back home. YES NO  X  Is this all right?  Messages for Mr. Volcker  - 5 -  May 17, 1971  5:25 PM - Mr. Hirschtritt called on you and would like to see you sometime in the next couple of days. 5:30 PM - Chrm. Burns called & would like you to call him. 6:05 PM - Mr. Samuels called and would like ,you to call him.  101 - 20410  4  PENDING:  May 12, 1971  - 1 -  Messages for Mr. Volcker  y. Snyder (see attached).  (1)  Call former  (2)  Call Chrm. Burns re Brimmer speaking at NICB meeting in Geneva on May 19.  (3)  Call Jim Smith -- he wants to talkkto you about a request from Senator Taft.  9:25 AM -  2038  (4)  Call Bob Bean re Mansfield resolution.  (5)  Arrange to see Amb. Kennedy  (6)  Arrange to see Samuels.  5988  Mrs, Connally today. am Morrow has been asked to chauffeur It ma /5  possibly be for the entire day.  Mr. Cummings will be  your driver today. with you before he 10:20 AM - Mr. Weidenbaum hopes to have a word goes into a 11:30 meeting.  2551  d like you to call 10:25 AM - John Larkin called from NY and woul him. 10:40 AM -  NYC 825-6311  ce exander Trowbridge called and will be in his offi 11 d  excepting between 12:00 noon and 2:15g.  NYC - 759-0900 market rundown when 10:45 AM - Mr. Cooper would like to give you a you are free,  5806  ible on 11:00 AM - Mr. Betts would like to see you as soon as poss a personnel action (Richard Adams, I suspect),  5391  1  Messages for Mr. Volcker  - 1 -  Friday, May 14, 1971  10:00 AM - Oliver Jones of the Mortgage Bankers Association called to invite you to dinner at 8:00 p.m. on Tuesday, May 18, with about six of the top people of the Mortgage Bankers Association -- no speech, just conversation on what's going on.  (Place has not been selected yet.)  On Tuesday, May 18, 6:30 p.m, - you have accepted the Wis. Bankers Assoc. invitation to their informal reception in the Mt. Vernon Room of the Madison Hotel. Do you wish to  ACCEPT  REGRET  Mr. Jones' invitation? (298-9220) 3:45 PM - Prof. Wallich called. this afternoon,  He is leaving for New Haven at 4:00 pm  He said he will be working on the outline of  the Secretary's speech (at Munich)tomorrow -- he expects it to a be/fairly long, detailed outline -- and asked whether you were going to be in the office tomorrow (Saturday).  I told him that  you had a 2:30 p.m. appointment with a newsman; and may be in somewhat earlier, and suggested that he try to reach you at 2:00 p.m. if he wanted to talk with you about it. Dr. Wallich was concerned with having a secretary available to whom he could dictate his paper -- so that you could have it over the weekend. I mentioned our tiegraph office in Treasury, which is manned contd/2  Messages for Mr. Volcker  - 2 -  Friday, May 14, 1971  Dockordxs - 24 hours, and suggested that if in his opinion it would be all right to send the material by telegraph, it could be handled this way. I spoke to Mr. HarriPl n the Telegraph Room,  Mr. Tom Davis  will be on duty from 7:00 a.m. to 3:00 pm; Mr. Harrison from 3:00 pm to 11:00 pm.  I alerted Mr. Harrison to the possibility  of this material coming through for you tomorrow, if you were agreeable to handling it this way.  Until 3:00 p.m., it would  be delivered to you in Room 3312 (if Dr. Wallich had it ready by then); after 3:00 p.m., if you had left, Mr. Harrison would deliver it to your home shortly after 11:00 p.m0 when he had finished his shift. (No messenger is on standby on Saturd ay.) DxxxWaiiiriciaxttlximgktx*Eimmikoxidxkalatxtimxoutiiputxfoxxwegkx eildxxeading Dr. Wallich's home phone in New Haven:  .  His office Ohone: A.C. 203-436-8390. 4:00 PM - Mrs. McCaffree in Protocol at State called to invite you to a luncheon Nat Samuels is hosting for the Finance Minister of Malaysia at 1:00 PM on Thursday, May 20th, in Van Buren Rm. #3 in the Diplomatic Suite at State.  That is the day the Secy.  is hosting a luncheon here for Giscard.  Page Nelson thinks  you will want to the the Malaysian Finance Minister while he is here about their gold purchases.  Mr. Nelson has sent down  Messages for Mr. Volcker  - 3 -  May 14, 1971  some material on Malaysia for this purpose -- the material is in today's action folder.  I assume you will want to  regret the State invitation and be here for the Giscard lunch -YES NO and have Mike Cross, who handles Malaysia, arrange to have the Finance Minister come to see you at the Treasury while he is in Washington? 4  YES NO (Mrs. McCaffree - 632-3610) NOTE:  Don Webster called me while I was out this afternoon and I called his secy. and asked her to tell him that I had told you about his earlier call re  Paul Gomoroy and you said you would  talk to Mr. Webster about this  His secy  said to tell you  Mr. Webster will be leaving early tomorrow morning on a trip with Amb. Kennedy and will be away 2 weeks.  I asked who you  should talk to in Mr. Webster:s absence, and she said Mike Johnson - on 456-2937.  I've put Mr  Peterson's memo to you re  Mr. Gomoroy in today's action folder, just in case you want it,  Messages for Mr. Volcker  - 1 -  Thursday, May 13, 1971  8:45 AM - Mr. Dixon stopped by t to say that you are invited to ride with the Secretary in his plane to the ABA International Banking Conference in Munich:  Depart 0800 on Sunday, May 23; and  returning around dinner time on Saturday, May 29.  (CAL. NOTED)  -- Mr, Dixon will provide the full details as soon as all arrangements have been completed. 9:30 AM - Mr. Petty's secretary called to say that there will be a briefing for the Secretary tomorrow at 3:30 p.m. (Friday, May 14), with regard to his appearance before the Subcommittee on International Trade of the Senate Finance Committee, chaired by Senator Ribicoff, which he is inviting you to attend,  and Mr.Pelican Secy's. will aktomix brief the Secretary -- probably in the/Conference Room .  He  (This will be confirmed.) CAL. NOTED.  10:30 AM - Mr. Kissinger's office called to say that another meeting was being held in the Situation Room at 12:00 noon today on the NATO Mansfield Amendment.  I told his secretary that you were on the  Hill this morning, as was Mr0 Petty who had attended for you at 6:00 p.m0 last night, and that it was doubtful whether either you or he would return in time to attend.  I passed the informa-  tion on to Mr. McGinnis who is will call Mr. Kissinger's office to determine whether he can attend as an observer. 10:40 AM - Secretary Rogers called -- and the operator cancelled the call when she was told you were on the Hill.  I leamed from the  Secretary's office that he had tried to reach the Secy. earlier.  ;  Messages for Mr. Volcker  - 2 -  May 13, 1971  10:40 AM - Dr. Wallich stopped by and would like to see you sometime today or tomorrow on coordination of Secy's, your's, and Wallich's speeches at the Munich conderence.  5881  11:40 AM - Mr. Weidenbaum would like to see you when you have a free minute.  2551  11:50 AM - Bart Rowen called and would like to see you sometime today. 223-6000, Ext. 391 2:45 PM - Mr. Brumley called to remind you that you  at were going  to talk to the Secretary this afternoon about his Munich speech. NOTE:  - I left word with Mrs. Kavesh for the Professor to call after he reached home.  She thought it might be later than 6:00 pm  (the time his Secretary had given us). The call will bit come through the Secretary's Operator and /switched to your home. The Secretary's Operator has his number in Montclair should he call while you are at Mr.Milman's home for the wine-tasting. NOTE:  Mrs. Kavesh sends her best to you and Mrs.Volcker.  you returned his 3:00 PM - Bart Rowen called and said he was out when call. 3:05 PM - Mr  He hopes to hear from you again.  McGinnis called and said he was having a paper prepared  on what the White House wants the Treasury to do re the 41ansfield Resolution on NATO forces and hoped to see you when the paper was ready -- probably around 3:30; he thinks you will want to discuss with the Secy.  _ 3 _  Messages for Mr, Volcker  Thursday, May 13, 1971  4:00 PM - The Secretary has an 8:30 a.m. meeting tomorrow (Friday), and Rose Cicala (through the Secretary's OperatorR) has asked whether you will chair the full staff meeting in room 4426. YES CANCEL  NO (Secy's Operator)  NOTE:  Arrange backstop  The framed Kennedy/Kabis $1 bills have been signed and Sam Morrow has picked the case up and locked it in the trunk of the car until you reach home tonight.  NOTE:  I have given Robert Kleiman, of NY Times, 6:00 PM tomorrow tS see you,  4:55 PM - Al Wojlinower called and asked if by any chance you might Ca free for dinner Monday night.  Your cal. is clear.  I mentioned that these days particularly you liked to keep your options clear and he said he understands and wants you tS save the dollar and will be glad to have even a tentative yes and will understand if it turns out you can't make His number in NYC is 344-1515, ACCEPT ON ABOVE BASIS REGRET 6:25 PM - Prof, Kavesh called; he's at home & will be there all evening. Upper Montclair, N,J. -  Messages for Mr. Volcker PENDING:  - 1 -  May 12, 1971  (1)  Call Former  (2)  Call Chrm. Burns re Brim mer speaking at NICB  JeCy. Snyder (see attached ).  meeting in Geneva on Ma y 19. (3)  Call Jim Smith -- he wa nts to talkkto you abou t a request from Senator Taft. 2038  (4)  Call Bob Bean V  nsfield resolution.  (5)  Arrange to'vaee Amb. Kenn edy  (6)  Arrange to see Samuels.  5988  9:25 AM - Sam Morrow has been asked to chauffeur Mrs. Conn ally today. It may possibly be for the enti re day.  Mr. Cummings will be  your driver today. 10:20 AM - Mr. Weidenbaum hopes to have a word with you before he goes into a 11:30 meeting. 2551 10:25 PM - John Larkin ca lled from NY and would li ke you to call him. NYC 825-6311 10:40 AM - tlexander Trow bridge called and will be in his office all day excepting betwee n 12:00 noon and 2:15. NYC - 759-0900 10:45 AM - Mr. Cooper woul d like to give you a mark et rundown when you are free. 5806 11:00 AM - Mr. Betts woul d like to see you as so on as possible on a personnel action (Richa rd Adams, I suspect). 5391  Wednesday, May 12, 1971  - 2 -  Messages for Mr. Volcker  Mr.Petty 11:00 AM - Mr. Petty's office has confirmed 4:00 p.m. for you and to see Mr. Gonzales this afternoon.  ON CAL.  11:05 RM - Jim Smith stopped by to say that 2:45 p.m. this afternoon is firm now for you to speak to the 70 businessmen from Lansing, Michigan (Representative Chamberlain's request) W&M Hearing Room  in the  across Room 2221, RzykorLongworth House O.B.  Mr. Smith will accompany you. NOTE:  4. OM  ON CAL.  Congressional Liaison has requested your bio and this was given to them  --  for your agearance this afternoon.  10:30 AM - The secretary to Charles Bowsher, Assistant Secretary of the Nawfor Financial Managment, has extended an invitation to you from fox/him to attend a lunchmon for the group that sat in on the Messrs. Lynn, Beggs, Rehnquist at ixi* 13:30 pm (Justice), and you, for Thursday, June 17,/at the Pentagon in Penn Central deliberations:  the Secretary of the Navy's mess  hosted by Mr. Bowsher; the  group to meet first in Mr. Bawsher's office, Room 4E748 Mall entrance to the Pentagon. Your calendar is clear.  Is it all right to ACCEPT REGRET  (RSVP - Miss O'Brien - 0X-7-2325)  AIM OM  Messages for Mr. Volcker  - 3 -  May 12, 1971  11:10 AM - Mr. Petty called and would like to speak to you on the phone.  2522  11:15 AM - Rose Cicala said Jimxid  General Hague in Kissinger's  office called and said at the President's request, Dr. Kissinger is scheduling a high level meeting today on the NATO Mansfield Resolution and wanted the Treasury's #2  an to attend, since they are having people of a  comparable level from State and other agencies.  Rose  explained that Dr. Walker was awy and said you were next today in line. The meeting ;will be at 12:00 noon/in the Situation Room in the White House.  Rose said she gave  the Secy. a note about this but has not gotten an answer back from him (I assume she asked if it was all right for you to represent Treasury).  I then called Bob Bean, who  said he had received no papers from anyone on this but he will be available to give you a quick briefing and said he would give one one piece of paper when he sees you.  Messages for Mr. Volcker  - 4 -  Wednesday, May 12, 1971  3:00 PM - Rex Beach called to say that Ambassador Kennedy has a 4:i0 p.m0 appointmenu(with the President -- and will have to move this appointment with you back from 5:00 p.m.  The Ambassador will  be in right after the White House appointment. 3:15 PM - Gene Birnbaum called from New York.  CAL. NOTED.  He is leaving New York for  Washington late this evening (staying at the Shoreham) and has invited you to have lunch with him tomorrow.  (If not lunch, he  asked whether he could see you at some time during the day.) He suggested that I mention to you that he is leaving next week for Europe and expects to visit every major cental bank. Your calendar for lunch is clear. Shall we say you will have lunch? YES NO Other (A.C. 212-552-8915) -- Mr. Birnbaum will call again if he hasn't heard from you by the time he leaves his office this afternoon, approx. 5:00 p.m.  since he said he would like to re other  luncheon arrangements if you were unable to lunch with him.) NOTE:  The Secretary is appearing in Executive Session of the Senate FinanceCMte at 10:00 a,m. tomorrow (Thursday) to discuss current interational monetary situation; we have not heard whether you are to accompany him.  IIMIN  Messages for Mr. Volcker  3:30 PM  - 5 -  Wednesday, May 12, 1971  Holmes called. He asked that his call be returned.  3:45 PM - Mr. Roosa's office called withkhe message that the people from U. S. Steel and Bethlehem are making their appointments with Rose Cicala 4:05 PM - The White House called to remind you of the 6:00 o'clock  L  meeting on the Mansfield Amendment in the Situation Room. / On cal,  4:10 PM - Will you join  the Consultants in a sandwich lunch when they  meet on Monday, May 17? YES NO The Secretary's Operator called to say that there will be a Full staff meeting in 4426 on Friday *Immo, May 14, at 8:45 a.m. Cal. Noted„ 4:40 PM - Mrs. Volcker called to remind you that you wanted Sam Morrow /to pick up baseball tickets -- 2 children and 1 adult  - for  Friday night - May 14th. NOTE:  Mr. Birenbaum called earlier this evening from the Shoreham Hotel - and asked that a message be left there for him this evening if you are able to lunch with him tomorrow.  Messages for Mr. Volcker  - 1 -  Tuesday, May 11, 1971  8:50 AM - Mr, Trowbridge, President of the Conference Board, called again (from Rochester, N. Y., where he was attending a meeting (re their conference in Switzerland and Gov. Bri participation in it). 9:45 AM - Mr. Houthakker called.  s  He said he would call back. He asked that his call be returned.  (103-5046) 9:50 AM - Mr. Trowbridge called again.  He is anxious to talk with you  since Dr. Brimmer had told him on Friday that he would be unable to partidpate in the conference next Wednesday, May 19 -- and Mr. Trowbridge wanted to talk with you about this.  (This  commitment had been made by Gov. Brimmer 3 or 4 months ago.) (Mr. Trowbridge will be back in White Plans about 4:00 p.m. this afternoon - and at A.C. 914-428-4244) 10:05 AM - Ambassador Kennedy called.  He asked that his call be returned.  (101-21791) -- Mary said he would be in all morning. 10:15 AM — Mr. Petty said he and Mr. Willis would like to see you (a) about the Secy's testimony Thursday and (b) about drafting Secy's Munich speech, 10:20 AM - Mr. Samuels called ;& would like you to call him.  101 - 20410  Messages for Mr, Volcker  - 2 -  May 11, 1971  11:35 AM - Amb. Kennedy called and would like you to call him. 101 - 21791) 11:40 AM - Rex Beach called and said Amb. Kennedy is to speak at the Conference Board meeting in Geneva on May 19th and Mr. Beach wondered if you would have any free time today or tomorrow to look at the draft of his rema rks.  He is  the luncheon speaker and will be speaking on trade and B/P,  Mr. Beach will send over a copy of the draf t remarks  for you to look at if you can manage to do so. (Rex Beach - 101 - 20398) 2:15 PM - Mr. Trowbridge called again.  I told him you had been meeting  with a group since early this morning and had been unable to return any of your calls, 2:20 PM -  Mr. Willis mid stopped by.  He said he and Mr. Petty would  like to talk with youibout the Secretary's appearance befo re the Senate Finance Comte (re current international monetary situation) - on Thursday morning, May 13; his appearance befo re the Subcommittee on Intl, Trade on Monday, May 17; and his speech at Munich on the 28th.  He asked about a time after  3:00 p.m. - and I told him we would call when you could see them.  (5334)  Messages for Mr. Volcker  - 3 -  3:40 FM - Mr. Smith stopped by.  Tuesday, May 11, 1971  He said he would like to talk with you  about a request from Senator Taft.  (2038). (He is going to be  on the Hill/Tor a while this afternoon, and back in his office about 5:00 p,m.) 3:45 PM - Mr. Bean stopped by.  Since Mr. McGinnis was out of his office  and not available, he thought he ought to pass the information on to you (FYI) that the Mansfield resolution is now on the floor (it's a sense of Congress that appropriated funds may not be used after December 31 to maintain U. S. forces in Europe in excess of 150,000 men); it may come to a vote today or tomorrow,  Senator Percey's staff is goi considering suggesting  that the Senator vote against the Mansfield resolution but offer a substitute saying that to the extent that our NATO partners do not make arrangements to cover the military defic it in Fiscal '72, our force level should be adjusted to terminate the deficit.  Mr. Bean indicated that somebody ought to know  that this option exists for saying yes or no and shaping it. (Mr. Bean - 5988) NOTE:  I checked the Secretary's calendar when Mr. Coombs came in, since he said the Secretary had suggested that he meetwi with you as soon as possible and he (the' Secretary) would join in later. The Secretary will be ou  of the gki building in a meeting from  3.30 p.m. to 4:30 p  and Rose will call on his return when  hosfn4s16 0,h  Mr. Coombs - and Gov. Daanew,who will joint in  W-  - 4 -  Messages for Mr. Volcker  Tuesday, May 11, 1971  3:15 PM - Peter Warker of Business International Publications called (research firm).  He said that from time to time they  koi hold roundtables to bring together executives from 100 companies belonging to his group with leading people in the Government.  He is organizing a meeting for Washington  on June 8th and 9th (on the 8th, foreign trade policy; on the 9th, foreign tax and financial policies.  They would  like to invite you to take part in a discussion on  Balance  of Payments Adjustment Policies and Exchange Rate Policies on the afternoon of the 9th -- from 3:30 pm to 5:00 pm, at the International Club, 18th & K Sts.,NW.  He mentioned  inviting Governor Daane from the Board as part of the panel (2-member) for the discussion.  He listed Messrs.  Cohen, Nolan, Petty, Chairman Burns and Mr. McCracken as past participants, NOTED ON YOUR CALENDAR: Mon-Tues, June 7-8, OECD Ministerial Council /Meeting in Paris; on Wed., June 9, en route back to Washington, should you attend the Paris meeting, Do you wish to ACCEPT  REGRET  ?  (Mr. Warker - 9-833-8600) you to call him, 103 - 5046 5:40 PM - Mr, Houthakker called & would like were free. 6:00 PM - Amb. Kennedy called to see if you  Messages for Mr. Volcker  - 1-  Monday, May 10, 1971  9:10 AM - Frazar Wilde called (Connecticut General Life Insurance Co.). He asked that his call be returned.  (A.C. 202-243-8811)  (He will be out of his office from 10:00 a.m. to 11:15 a.m.) 9:25 AM - John Worssam of the CortErence Board called.  His secretary  it was about an invitation that he wanted to talk with you abalt personally -  and asked that his call be returned.  (Callback Oper. No. 6: A0C.212-759-0900) 10:30 AM - Leonard Silk of the New York Times called. call be returned,  He asked that his  A. C. 212-556-1791.  12:10 PM - Mr. Cooper called and said the coupon issues are up 4 to 14/32nds and, on the new issues, the 5's are par 2/32nds bid and the 5-3/4's are 99.and 28/32nds bid.  The 3-month  bills are unchanged at 3.78 bid; 6-month bills unchanged at 4.14 bid, and the auction talk is around 3.80 on the 91-day bill and around 4.15 on the 6-month bill. a spectacular except/good firm tone in the market. NOTE:  Nothing  Hobart Rowen had called yesterday afternoon asking to talk to you or see you; he called again this morning to renew his request -- this was before our statement, which Mr. Arnold said they have now phoned to Mr. Rowen.  Messages for Mr. Volcker  -2-.  3:30 PM - Mr. Houthakker called.  He/dked that his call be returned.  Monday, May 10, 1971  (103-5046) 4:00 PM - Gov. Daane called from Boston to talk with you.  He expects to  arrive at Dulles about 6:15 pm - and will call you from there. 4:05 PM - Alexander Trowbridge, President of the Conference Board, called. He wants to talk with you about their meeting next week in Switzerland on the international financial situation -- and about Governor Brimmer's participation in it. White Plains, NY (his home) throughtthe He can be reached ati evening. I called Mr. Worssam who said the Conference Board is sponsoring axmaekifig an international financial conference in Geneva on Wednesday, May 19th, which was structured 9 or 10 months ago.  This is a major open conference, digging  into the U. S. economic situation in the morning and, in the afternoon, Olivier Long, from GATT, on trade problems, Dr. Wilfried Guth on the key currency situation, and Ovv. Brimmer on the U. S. B/P.  They have 230 of the top financial  people in Europe lined up to attend, such as the President of Andre & Co., of Switz.; the Manager of Credit Italiano; Economic Advisor to the Swiss Bank Corp.; Econ. Advisor to Credit Lyonnaise; Asst. Treasurer, Bankers Trust; Pres.,  •  NNW  Messages for Mr. Volcker  _ 3  May 10, 1971  Esso Italiano; Chrm. of Business Intl., Switz.; Financial Advisor for Bank du Pays et Paris; Manager of the Natl. City Bank in Switz.; Director General, Credit Conunerciale de Francef President, Royal Bank of Canada; etc., etc. Mr. Worssam said most of the following he got second hand but he talked to Gov. Brimmer on last Thursday morning and Brimmer indicated there might be a possibility he might not participate in the conference in Geneva.  Brimmer called  Worssam back on Friday after Worssam had left his office and the latter found the message when he got in on Monday that Brimmer was unable to "do my spot in Geneva':  Mr. Trowbridge  called Brimmer from his home in White Plains just before he tried to reach you and apparently Brimmer had talked with you and indicated you had suggested that Brimmer not participate in the conference.  So the reason Trowbridge is calling  you is to find out if you would let Brimmer participate or, if not, would you participate.  Mr. Worssame hopes you can  manage to find the time to call Mr. Trowbridge about this sometime this evening.  Mr. Worssam also gave me his  home phone in Westport, Conn. you want to call him.  , in case  He expects to be home about 6:15 PM.  Messages for Mr. Volcker  - 4 -  May 10, 1971  5:10 PM - Annie in Gov. Daane's office called and said he called her from Boston to let her know that you wanted to see him and Gov. Daane this evening.  She checked with the Central Watch  at NY Fed and said Mr. Coombs does not get into JFK until 6:20 PM on a Swissair flight.  The central watch had it  on their records that Mr. Coombs was going directly from JFK to La Guardia to catch the first Shuttle he could down to Washington, most likely the 8:00 PM Shuttle, into Natl. at 9:00 PM.  M Annie also talked to Mrs. Coombs, who wasn't  sure whether Mr. Coombs was coming home or going to Washington. Annie asked Central Watch to ask the chauffeur going to meet Mr. Coombs to g tell him you wanted to see him tonight in Washington.  She wondered whether this was adequate or  whether we needed to do anything further, 5:20 PM - Mr. Mosine, of the NY Times, called to say that Mr. Robert Kleiman, a member of the Times Editorial Board, is coming to Washington and will be here Wed., Thurs., and Friday of this week and would like to see you to talk about the world monetary situation.  Mr. Mosine's number in NYC is  556-7408. AO.,Awl*  Messages forMr. Volcker  - 5 -  6:45 FM - Mr. Houthakker called again. returned.  (103-5046)  Monday, May 10  1971  He asked that his call be  Messages for Mr. Volcker  - 1 -  8:10 AM - Mr,. McCracken called.  (103-5036)  Friday, May 7, 1971  8:50 AM - Ralph Leach of Morgan Guaranty called.  I suggested that  he might talk with Mr. MacLaury and his call was transferred. 9:30 AM - Shall we tell the Administrative Office you will have lunch in the SecretAry's Dining Room today? /  YES  NO  2:00 PM - Lorraine said Preston Martin and Ed Fox of RKKX HLBB, wanted to have a session with you on their new financing outlook and Mr. MacLaury would like to schedule this sometime during the week of May 17th and include Messrs. Carlock & Snyder. This is being scheduled for 3:30 PM Wed., May 19.  On cal.  2:05 PM - Sam Morrow called and said one of his children was in some difficulty and he was taking off for the rest of the day and evening and Mr. Anderson will drive you this evening. I told Sam you might be flying out of Dulles at 5:45 PM Sunday for Paris but this was very subject to change and we would be in touch with him at home over the weekend to let him know when your plans firmed, 2:07 PM - Mr. Samuels called and would like you to call him  I tried  to find out if anyone else could help him but without success.  101 - 20410  Messages for Mr. Volcker  - 2 -  May 7, 1971  2:15 PM - Mr. Rendall called and said Rose just told him the Spanish Ambassador, Jaime Arguelles, asked to see the Secy. this afternoon for 15 minutes and she gave him 4:00 PM. The of only thing Mr. Rendall can think/that the SmItyxxmaymogaRk Ambassador probably will want to talk about is the intl. monetary situation.  Mr. Rendall suggested we pmiimmx  pull out attached cable from Madrid for you to see and he will see that Rose has a copy of the cable for Secy. Noted on cal. on presumption you may wish to attend. 2:30 PM - Judge Pierce's Committee meeting on Record Keeping has been moved from 2:30 p.m. this afternoon to 5:00 p.m. so that Dr. Walker might attend.  Cal. Noted.  Messages for Mr. Volcker  - 3 -  Friday, May 7, 1971  4:30 PM - Sidney Brown of the Commercial and Financial Reporter called.  He was referred to Mr. Brumley.  5:30 PM - Bart Rowan called.  He said he had the statement that  the Secretary released.  Ne needs a translation -- what  he really wants to make sure of is that his interpretation is right.  He said you understand his deadline  "The sooner, the better." (223-6000-Ext, 396) 6:45 PM - Bob Solomon called.  He asked that his call be returned.  He expects to be in his office Er a while.  (147-238)  6:30 PM - Mr, Houthakker called and is anxious to talk to you. 103 - 5046  Messages for Mr. Volcker  - 1 -  May 6, 1971  2:50 PM - Mr. Schweitzer returned your call. get a 2:55 PM - Frazar Wilde called and wanted to talk to you to guesstimate of what is going to happen in Europe.  I told  him you were tied up in a meeting and I just didn't know when you'd be free and able to take calls.  I suspect he  may call again tomorrow but he was quite understanding and said he hadn't really thought he would be able to get hold of you. 3:00 PM - Mr. Bergsten called and would like you to call him at about 3:30 PM - Gov. Daane called and said he was leaving for Natl. 3:45 to catch the 4:30 flight to La Guardia and would hop over to JFK to catch the 7:00 PM flight.  He will probably  try to call you both from Natl. and from JFK. NOTE:  Mr. Coombs also called just after you left for your talk and wanted to get the latest before he left at 3:30 for the airport. I suggested he talk to Mr. MacLaury and transferred him.  Messages for Mr. Volcker  - 2 -  May 6, 1971  2:45 PM - Mr. Leach of Morgan Guaranty called and wanted to talk to you about the possibility of helping you wi on some foreign financing.  I asked if this related to sopping ;up Eurodollars  and he said yes.  He said he would be at his office (NYC -  425-2323) until 5:00, when he has to go to a meeting, but he will be at his home after 7:00 (  ) -  ) if you can call him, 4:10 PM - Mr. Samuels called and would like you to call him. 101 - 204k0 5:00 PM - Preston Martin called and would like you to call him -he'll be in his office until 6:00.  129 - 5321  -9k4:61,01))4Aeya. t Wednesday, May 51 1971 (5:00 a.m.,Wash.time the West German Govt, was hglding 8;30 AM - Mr, Nelson called. (their timed this morning. a.m. P68 aVel nce contere press a 9:05 AM - Mr. Dale called to check in - and asked that his call be - 1 -  Messages for Mr. Volcker  returned.  (181-3067)  9:10 AM 4/Mr0 Cooper called. to the office.  He would like to see you on your return  (5806)  9:12 AM -v Eoin Belton of Reuters called.  His call was referred to  Mr. Brumley. 9:15 AM - David Francis of the Christian Science Monitor called.  He  was referred to Mr. Brumley. 9:30 AM - Mr. Patterson of Communications stopped by to say that the National Security Agency briefing (on NSA intelligence and communications )31414x security) has now been set for 11:00 a,m. on Friday, June 11, in the Secretary's Conference Room.  You are invited to attend with the Secretary, Dr.  Walker, Mr. McGinnis and Mr. Betts. a background paper.  Mr. Betts is preparing  ON CAL. (Your calendar is clear.) He asked that his call be returned.  9:55 AM - 4Kerek Mitchell called.  From 10:30 a.mu on, he can be reached in his Fund office. (181-3186) 9:45 AM -  Mr. Roosa called from New York and talked with Gov. Daane who will pass his message on to you,  9:50 AM -  Fred Deming,Sr,, called from the Federal Reserve Board.  He  talked with Gov. Daane. . Bergsten called. < 9:55 AM - L"Kr  He said he wanted to talk with you abo  the currency crisis -- and asked that his call be returned. (103 5026)  •  Messages for Mr. Volcker  10:00 AM 1_,MSamue1s called. NOTE:  - 2 -  Wednesday,May 5,1971  He asked that his call be returned.  - GdCernor Daane returned to the Board about 10:00 a.m., and said he would wait to hear from you before return ing. (147-211)  10:15 AM - XxxximaldmgaiiHA Mr. Trued's secretary called to say that he is in St. Louis, at his son's house, and has an urgent matter to discuss with you.  He can be reached on A.C. 314 -  368-2864. 10:25 AM - Mr. McCracken's office called to say there will be an EPC delegation meeting in Rm. 305, EOB, at 2:30 PM today. I've alerted Mr. MacLaury in  case you can't attend.  - 3 -  Messages for Mr. Volcker  Wednesday, May 5, 1971  Mr. Coleman will be your driver today. (Mr. Morrow is on leave for the rest of the day.) Larry 1:30 PM - xiam/Malkin of Time Magazine called. He said there was nothing NOTE:  Public Affairs could answer.  He would like a personal word  with you. (9-293-4300) 1:35 PM -  Lee Cohen of the Washington Star called. like a word with you personally.  2:00 PM -  He said he would  (LI-3-5000; Ext. 449)  Gene Birnbaum called from New York. He is going to tape x interview a television/within the hour for WOR in New York. (He is going to try to talk with Mr. MacLaury on this one.) On Monday, early morning, May 12, he will be going on live It on CBS - "Morning News", and he considers tkix/important with you and very useful to talk/at a convenient time at any time, during the weekend or in the evening, about the European monetary turbulence.  He asked that we let him know whether  it would be all right to try to reach you at home, should you be unable to return his call during the day. . 2:05 PM - Norm Kemster of U.P. called,  He prefers to talk with you.  His number in Treasury is 2156. --(He would like your evaluation of the market - and said the Public Affairs office can't help,) 2:10 PM - Mr. Schoellhorn called,  He preferred talking with you per-  sonally and said he would call again 2:40 p.m. Washington time,  1 -  Messages for Mr. Volcker  9:15 AM -  Mr. Cates called.  Tuesday, May 4, 1971  He would like to talk with you about the  Secretary's Munich speech this morning0 in at your convenience. 10:05 AM -  He is free to come  (8243)  Fred Bergsten's Secrtary called.  He is going out of town  and must have your comments on the EURO Money draft that he sent you by c.o.b. today. 10:30 AM - Miss Policriti called to say they have now reshuffled their schedule for their luncheon meeting of the Municipal Bond Women's Club and they would very much like you to speak to the Club on Thursday, June 10th, the date which we had proposed in lieu of May 20th.  I told her I would  just double check this out with you once again and reconfirm, Your cal. is presently clear on Thursday, June 10th.  Is it  all right to tell Miss Policriti she may send out a notice to her membership that you will speak to them that day? (NYC - 825-6400) YES NO 11:40 AM - Mr. Bethke called.  He asked that his call be returned.  (A.C. 212-943-4400) 10:45 AM - Harold Patterson in Communications called and said the Secy. would be receiving a briefing by the National Security Agency  Messages for Mr. Volcker  May 4, 1971  - 2 -  -- and -- not on procedural but on substantive matters briefing. the Secy. would like you to be present for the it for either Mr. Patterson said they are trying to schedule or 17, which Tuesday, Wednesday, or Thursday, June 15, 16, let us know dates are presently clear on your cal.; he will the exact time and date when firmed.  In meantime will note  on cal. Visbord, the Financial 11:00 AM - Miss Ryan, in the office of Edmund invite you Minister at the Australian Embassy, called to May 25th, and Mrs, Volcker to a dinner party on Tuesday, Washington to say goodbye to Mr. deKock, who is leaving of South to return to take up the Deputy Governorship Africa's Reserve Bank.  I explained that was the week  the ABA, was the Intl. Banking Conference, sponsored by participate. being held in Munich and you were scheduled to t of this, Mr. She called back later and said in the ligh y to Frid gf.IVOSay,,74y,it Visbord would shift the date of his dinner part •• : • " le\ tie, at the May 21st, probably at 7:30 f11.—Aorftlik5 black University Club. the 21st.  Your cal. is clear on the evening of(/ (797-327914\  Do you wish to: ACCEPT REGRET  4\ )(11 /  e  z  %  Messages for Mr. Volcker  - 3 -  May 4, 1971  12:45 PM - Mrs. Volcker called and said sometime during today you were going to investigate what the chances were of your going to Germany around the 14th of May, so she would know whether or not it would be safe to get some tickets to the ball game on the 14th. 1:45 PM - Mr. Cooper called.  He would like to come in to see you inx  on your return from lunch. 2:00 PM - Mr. Geng called.  (5806)  His call was transferred to Mr. Cooper.  He would like to talk with you on your return. NOTE:  FYI:  (Trading Desk) Chicago Former Secretary Fowler was sent a copy of your/speech at his request today.  2:20 PM - Mr. Nelson would like to speak to you on the phone on your return.  2884  - 4 -  Messages for Mr. Volcker  May 4, 1971  to talk to you sometime today. 3:00 PM - Dick Janssen called and asked possible given the I said I didn't see how that would be schedule you have.  He asked me to let you know he had called  the press to merit in case you get enough requests frmm you about the calling in a small group to Eaii talk to German situation 4:15 PM - Mr% Cross called.  etc. n note, He said he would send you a writte  building for a meetingt, when he learned that you had left the and asked to talk with 4:30 PM - Jim Rowe of the Washington Post called you.  why the He wanted your assessment of the problems - and  the pressures were again on the dollar  He said he had called  ent the Public Affairs office -- and they had no statem 00), Ext. 342. He asked that his call be returned. (9-223-60 called and said he was to send 4:40 PM - Mr. Clark of American Express nt where it would you some material and it has gotten to a poi you -- for Bill be much nicer -- and they hope nicer for about it instead of Morton, their President, to talk to you writing it.  Financial Mr. Morton is on the Presidential Cmn. on  you at the Kay Structure and Regulation and will be seeing attending meetings Randall dinner tomorrow night and will be rting at 9:00 AM of the Commission on Thursday and Friday sta each day,  at 7:30 AM Could you have breakfast with Mr. Morton  n or wherever you on either Thursday or Friday at the Madiso  Messages for Mr. Volcker  May 4, 1971  - 5 -  would find most convenient, so that  r.Srton could deliver  the material to you in person and discuss it with you. You have 8:45 AM staff meetings but otherwise cal. is both days.  (NYC - 944-2000)  as  Do you wish to tell him you  will IS Thursday at 7:30 AM at Madison Friday at 7:30 AM at Madison  Messages for Mr. Volcker  - 1 -  May 3, 1971  9:30 AM - Mr. Jack Hoover called and said he talked to you about coming down to see you this coming Wednesday.  He said  Donald Platten, who will come with him, has a dinner in NYC Wednesday night so they would prefer to see you in the morning.  He said they would take the 8:00 AM plane  and be at your office around 9:30 AM.  I warned him about  the demonstrations but he said he thought they would take a chance.  He gave me their full names for security clearance  into the Treasury -- M. J. Hoover, Jr,, and Donald C. Platten. He also gave me both his office phone in NYC - OXford 7-3730 and his home phone in Darien, Conn.,  ,  in case we need to reach him. 10:00 AM - Mr. Cooke, of First Boston, called you and asked me to transfer him to Mr. MacLaury when he learned you were away. 10:35 AM - Mr. Howard Clark, of American Express, called you from NYC, and wanted to talk to me when told you were out of town but I was then on the phone with you and by the time I called him he had left his office and did not call back. NYC 944-2000, Ext. 494 2:50 PM - Mr. Coombs called you. 5:00 PM - Mike Schwartz, in Peter Peterson's office, called to ask about the memo Mr. Peterson sent you concerning Mr. Paul Gomoroy. your pile.  He asked me to try to put it near the top of  Messages for Mr. Volcker  - 2 -  May 3, 1971  2:30 PM - Mr. Betts called and said everyone could go home early. He asked me to get word to you that they would like to have you in the office at 6:00 AM tomorrow morning. (Mr. MacLaury had to be here at 5:00 this morning and stayed at the Treasury overnight and slept on the couch.  He told  me the phone awakened him at 6:00 and he was told Dr. Walker wanted to see him; he pulled himself together and went into Dr, Walker's office, who wanted to be sure he (MacLaury) was on deck.) 5:30 PM - Sam Revitts, of Merrill Lynch, called and said he and Bill Simon are coming down to a FNMA meeting the week of May 18th and are having a very informal dinner for Bruce MacLaury mut on Thursday evening, May 20th, in the Wine Cellar of the Georgetown Club.  Messrs. Revitts and Simon  are bringing their wives and Mrs. MacLaury is coming and they would love to have you and Mrs. Volcker come,  I told  him you were supposed to be at a dinner in NYC the evening of the 20th but I would put this to you and see what you think.  You accepted the 7:00 PM dinner by the Council on  Foreign Relations for Giscard in NYC the evening of the 20th.  Mr. Revitts' phone in NYC is HA 2-2727.  •  Messages for Mr. Volcker 9:40 AM - Dr. Wallich called.  - 1 -  Friday, April 30, 1971  He asked that his call be returned.  (5881) 10:35 AM - Mr. Weber stopped by and said they are getting inquiries from the press on Raymond Barre's visit with you -particularly in the light of his recent public statements. Mr. Weber would like your guidance as to what response might be made to the newsmen's inquiries. NOTE:  2615  Glen Lewis advised they are going to be doing some work on Secy's elevator tomorrow and it will not be operational all day tomorrow but they expect it to be back in operation on Sunday.  Both Secy's Entrance and A Door (in the well) will  be open and will stay open as long as you are in the building tomorrow and you may use either entrance.  You could enter  thru Secy's Entrance and walk down the first floor corridor to the small elevator on the Southeast corner of the Treasury, near the entrance opposite from the Washington Hotel. 11:20 AM -,Drr. Wallich called again. 11:50 AM - Mr. Deming called fro  is office at HUD - urgent.  I told him you would/return his call.  (9-755-7317)  11:55 AM - Mr. Hoover called again from NYC and would like you to call him - NYC - 697-3730 12:30 PM - Dr. Wallich called again. 1:45 PM - Mr. Sternlight called, la He talked with Mr. MacLaury, who 2: later stopped by to ask if you were in.  -  Messages for Mr„ Volcker 9:40 AM - Dr° Wallich called.  - 1 -  Friday, April 30, 1971  He asked that his call be returned.  (5881) 10:35 AM - Mr. Weber stopped by and said they are getting inquiries frSm the press on Raymond Barre's visit with you -particularly in the  of his recent public statements° •li ght  Mr° Weber would like your guidance as to what response might be made to the newsmen's inquiries.  2615  Messages for 2:40 pm  r. Volcker  - 2 -  Friday, April 30, 1971  Bob Bethke called from New York.  I suggested that he might  talk with Mro MacLaury -- but he said this was something he wanted to talk to you about,  (A,C, 212-943-4400)  Messages for Mr. Volcker  - 3 -  April 30, 1971  5:15 PM - Mt, MacLaury would lilkto see you when you are free. 5:25 PM - Mr. Nelson would like tpv'see you when you are free. 5:35 PM - Gov. Daane called anduld like you to call him, NOTE:  I find that Mr. McCracken is flying out to Chicago on the same flight on Sunday you are on.  The Forum people will have a car  meet you both and drive you to the Conrad Hilton.  They will  also have a car to drive you from the Conrad Hilton to O'Hare when you are ready to leave on Monday -- they know the flight you are taking back to Washington,.  All the details are on  cards in the envelope with your plane ticket,.  I did not  include a book of TR I s because I gave you two books of TR's, one each on your last two trips to NY, and you have not returned them so you must still have them. On your speech, if you do have a prepared text for release, which they hope you will, they only need one clean copy and will xerox however many copies they need when you arrive in Chicago.  We can have the speech reproduced for release here  on Monday morning- there should be plenty of time to do this Monday morning so as not to call the reproduction people in to work over the weekend,  Mesaages for Mr. Volcker  NOTES:  z 11) 2)  REMINDERS:  1  Thursday, April 29, 1971  Senator Bennett to return your call. Congressman Byrnes to return your call.  A2 e  /9t Lt. Call Gerry Spencer Thursday. A.M. interest Talk to Mr. Englert about conflict of - Richard Adams -- Security check Tax check - retirement Benefits: Insurance Health plan Etc.  9:05 AM 2‘. Houthakker called. ,7 (103-501'6)  He asked that his call be returned. :9/4  Messages for Mr. Volcker  - 2 -  Thursday, April 29, 1971  10:00 AM - Derek Mitchell's secretary called with regard to the press conference by the President at 9:00 p.m0 this evening - which will /be occuring during the Mitchell dinner for Ambassador and Lady Cromer -- which you and Mrs. Volcker are attending.  There  is to be a re-broadcast of this press conference at 11:00 am, (to last for about 45 min.) on  WETA -- and Mr. Mitchell wanted  you to know that he will have the television on then so that you might hear the President. NOTE:  at the White House Mr. Carlock has spoken with Mr. Huntzman/about the President's approval on the Secretary's letter for granting 10-year extensions for the savings bonds with issue dates through 1/1/57.  Mr. Huntzman assured Mr. Carlock the President  would either approve last night - or this morning. 12:00 Noon  -- The attached press release just came in FOR RELEASE AT 6:00 PM., THURSDAY, APRIL 29  with the Secretary's  announcement on the extension. 12:05 PM  - Mr. Betts' secretary called about the listing of the Deputy Under Secretary for Monetary Affairs in the new Treasury telephone directoryv  i  (June 1  Since this will be issued  deadline for the submission of names for  listing in this Directory has now been passed) -- is it indicate all right to 1!i/"Vacancy" -- as is customary when no one is in the position 5391)  in this June 1 issue?  YES NO  Messages forMr. Volcker  - 3 -  Thursday, April 29, 1971  1:00 PM - The Secy's Operator has informed us that there will be staff meeting tomorrow morning (Friday, April 30).  Cal. Noted.  2:25 PM - Mr. MacLaury called and said Carolyn Onufrak called him and said they had gotten Steve Francis all cleared for the job. He told he he was sorry but Mr. Francis was not going to be the one.  She said if we do not have somebody cleared by  May 16th, we automatically lose the job.  He said he thought  this meant getting the tax and security clearance, after which Civil Service Cmn. clearance could probably be gotten fairly quickly.  I told him I understood from Pearl that  you had talked to Mr. Betts and Mary Ann Pllin about  mr.  Adams and perhaps he might want to talk to them to see what needed to be done to grease the skids.  He said he would do so.  2:30 PM - Mr, Bethke called you and said he'd like to speak to you on' the phone about the market -- he has an idea for you. NYC - 943-4400.  Pncti, o Messages for Mr. Volcker  - 4 -  April 29, 1971  2:40 PM - Mr, Roosa called and said when he was down here, the Secy. made a suggestion about getting one or two people from the on steel industry to call/him. Mr. Roosa said he spoke to you last night at home and said he told you when the steel people came down he would route them through you to be sure they got in.  Mr. Roosa has spoken to the U. S. Steel people  Rodney Gott, Chairman, and Keith Larry, Vice Chrm. and chief negotiator for the steel industry for all companies, and it was hard to be sure they would make KolltxaDat contact through you -- they may go directly to the Secy's office so Mr. Roosa has alerted Rose Cicala.  Mr. Roosa said he  would do the same with Bethlehem Steel. 3:30 PM - Mr. McCamey called and said State advises that at the time of EPC, on the evening of Monday, May 10th, the Secy. General will host cocktails for all delegates to EPC.  Noted on cal.  Messages for Mr. Volcker  - 1 -  April 28, 1971  11:10 AM - Mrs. Howell at the Belgian Embassy called to invite you and Mrs. Volcker to a black tie recital and dinner being given by the Belgian Ambassador and Mrs. Lordian in honor of Secy. of State and Mrs. Rogers at 7:30 PM on Friday, May 14, at the residence, 2300 Foxhall Rd., N. W. cal.is clear.  Your  (Mrs. Howell - 338-2320) /  ACCEPT REGRET  11:15 AM - Mr. MacLaury's secy called and said he asked her to find V/ a time when he and Mr. David Lake of Cohen's office could have 30 minutes with you on the regulations on treatment of securities for capital gain purposes by banks -- sometime perhaps on Thursday or Friday.  We couldn't find a time  on Thursday when both you and Mr. MacLaury were free so hit on 10:00 AM on Friday. 11:25 PM - Mrs. Moore, secy  On cal.  to Hugh Stokiey, Vice President and  Economist of the Girard Bank of Philadelphia, called and said Mr. Stokeley would like to take you to lunch on Wednesday, May 5, to discuss the economic and policy outlook. I told her you had a luncheon engagement with the Secy. that s  day (EFTA lunch) and she then asked if you could see Mr.  Stokeley sometime in the afternoon,. time in the afternoon at present.  You do have some free Do you wish to see Mr.  THE DEPARTMENT OF THE TREASURY  DATE TO  •  ; -)5 _ //c( 3  /7  r( C I  -71 /1/4-A-3 . Bruce K. MacLaury Deputy Under Secretary for Monetary Affairs Room 3321  Ext.5848  Messages for Mr, Volcker  - 2 -  April 28, 1971  Stokeley? (Mrs. Moore - Philadelphia - AC 215 - 5853311) YES NO 11:30 AM - Ambassador Jahanzir Amuzegar and Mrs. Amuzegar have extended (Iranian Economic Mission) and invitation to you and Mrs. Volcker to a small informal dinner (12 guests) for Henry Kearns, on Wednesday, May 19th, at 8:00 p.m, -- at the Ambassador's residenc e, Tulip Hill Terrace, On your calendar for Wed., May 1  Mr. Volcker tot-attend e , Ow.,•  informal reception at 6:  and 7:30 p.m, dinner by the\  •  New York State Banke;$ Assoc. in Madison Hotel,  jjtpr,N4  tile-  ecu \ive  Chamber of the  ;110111&),011,  loind  Shall we ACCEPT\  REGRET  the  Ambassador's invitation? (Mrs. Davis - 9-654-7930) 3:10 PM - Bob Solomon called again.  He and Governor Daane would both  like to come in to see you at 4:45 p.m. today. (His secretary said it concerned the briefing on the Basle meeting, and referred to papers the Chairman had given you.)  I have put  this on your calendar tentatively - to be confirmed. Is it all right to confirm?  YES NO  (147-238)  5:00 PM  April 28, 1971  - 3 -  Messages for Mr. Volcker  Deming of HUD called; told him we'd call him again as soon as you were free.  755-7317  5:30 PM - Sam Cross called and said he talked to Dyche in Tokyo and apparently Kennedy did in a general way speak of wider bands,  Mr. Cross will be available to fill you in when you  are free.  5081  (6:50 p,m. - stopped by to say he was leaving Treasury)  5:30 PM 1- Dr. Wallich stopped by  He would like to talk with you about  personnel matters and the meeting on debt management.  I told  him I would call when Gov. Daane and Mr. Solomon had left -he expected to be in his office until 7:00 p.m.  In the event  you were not free before 7:00 p.m., I gave him 12:00 noon tomorrow (Thursday, April 29) - tentatively.  NOTE:  Cal. Noted.  on p. 2 of 4/28 message sheet Ambassador J. Amuzegar/- (invitation to dinner on Wednesday, May 19) - is with the Iranian Economic Mission.  7:00 PM  Mr. Adams called.  (He is still at his office; the switchboard  is cut off so calls will not go through.) again in 15 minutes (7:15 p.m.).  Mx He will call  Messages for Mr, Volcker  - 1 -  April 27, 1971  9:45 AM - Mr. Bergsten called and would like you to call him. His secy. said she didn't think it was urgent when I told her you would be tied up with the financing cmtes. until late afternoon -- she said just to call when you can. 103 - 5026 9:50 AM - John Scanlon of AT&T called again.  (He had called yesterday)  He asked that his call be returned when you are free. (A.G. 212-393-3262) 11:00 AM - Catherine called and asked if you were free to come over and lunch with Chrm. Burns at the Fed today.  I explained  about the financing cmtes. being here and you being scheduled to attend the ABA Govt. Borrowing Cmte today.  lunch  I asked if it were something urgent; she checked  with Burns and he said no; I asked if he wanted to see you or talk to you some other time today and she said that didn't seem possible -- I guess she meant he had a tight schedule. 11:10 AM - Frank Saul called.  (F.S.Smithers,NYC).  He asked that his  call be returned. (AC. 212-943-3300.) 11:15 AM - Mr.McGinnis called.  He wanted to inform you of the action  taken with regard to the China policy recommendation going to be sent by Ambassador Brown of the State Department in a memo to the President early this afternoon, and asked wh?ther you might have 5 minutes to see him sometime before 2:00 p.m. (cont'd/p2.  Mesaages for Mr. Volcker  - 2  Tuesday, April 27,1971  Mr. McGinnis I Asked whether it was urgent - and he said kR it wasn't of great concern.  He is sending a memo to you with the  substance of the Brown memo to the President.  (Mr.McGinnis  will be away from Treasury from 2:00 p.m. until 3:30 p.m.) (5264) 11:30 AM -  Mr. Coombs called.  He asked that his call be returned.  11:45 AM - Mr. Jack Hoover called you again from NYC, and would like to speak to you on the phone when there is a chance; he understands you are pretty well tied up today and tomorrow. NYC - 697-3730 1:10 PM - Mrs. Volcker called to ask if you might have time this afternoon to call Dr. Tzimas sometime after 4:00 PM She checked Friday, with the school and was told report cards come out on/May 28th and nothing of importance will be happening in connection with Jimmy's school from (and including) the 28th of May onward.  If you  Messages for Mr. Volcker  _ 3  tpril 27, 1971  don't have time to call Dr. Tzimas, Mrs. Volcker said she would quickly write a letter to him.  She said Dr. Tzimas  is normally reachable by phone from 4:00 PM onward on Tuesdays, according to his nurse. Ext. 3151.  His phone in NYC is 679-3200,  - 4 -  Messages for Mr. Volcker  April 27, 1971  irman asked him to brief you on Cha the d sai n omo Sol ert Rob 4:20 PM knows you have a financing the weekend meeting at Basle; he 1, (  r whenever you can spare ut will be available to come ove vital you should I asked if there were anything  some time e/9  he didn't think so. know about promptly and he said  Cockcroft, Economics Editor n Joh d sai and led cal e Wad 4:45 PM - Mr. in Washington and has of the London Daily Telegraph, is B/P and intl. financial asked to see you tomorrow on the matters.  for you and Last year, Mr. MacLaury saw him  did not leave a burning Mr. MacLaury said Mr. Cockcroft that Cockcroft knew impression but his recollection is to ask the right what he was talking about and knew how questions.  would be Mr. Wade suggested one possibility  minute to come to your to invite Mr. Cockcroft at the last and then, if you feel press backgrounding on the refunding can see him after the willing and can spare the time, you angement. press backgrounding without prior arr all right?  (Mr. Wade - 8191) YES NO  Is this  Messages fol/Mr. Volcker 5:50 PM  - 5 -  Fred Bergsten called again,  Tuesday, May April 27,1971  103-5026  are free.) (He said he would like to talk with you when you 6:00 PM - Mr  Deming of HUD called,  He said he had talked with  Mr. Carlock about an issue he had raised and would like to talk with you before tomorrow night.  He expects to be in his  office until about 7:00 p.m. tonight. (9-755-7317) 6:25 PM - Gov. Daane called,  He mid he would see you at the dinner.  ed and would like Mr. Penn James at the White House call you to call him.  Messages for Mr. Volcker  - 1  Monday, April 26, 1971  11:30 AM - Mr. Frank Saul (N.Y.) called and would appreciate your calling him tomMorrow (212) 943-3300 11:00 AM - Mr. Schmidt said Mr. Petty suggested he report to you on where they stand on staffing the research dept. gave him 3:00 PM this coming Friday , 2:30 PM - Jack Hoover called from New York  I  On cal, He asked that his call be  212-697-3730) returned. (Call back Operator No. 6 - A.C. 3:30 PM - John Scanlon of AT&T called, morning.  He will call again tomorrow  9:30 a.m. (I had suggested that he might try about  return his call. and if you weren't free then, we would explained that you had a full schedule.  I  Messages for Mr. Volcker  - 1  Monday, April 26, 1971  appreciate your 11:30 AM - Mr. Frank Saul (N.Y.) called and would calling him tommoorrow (212) 943-3300 he report to you 11:00 tM - Mr. Schmidt said Mr. Petty suggested on where they stand on staffing the research dept. gave him 3:00 PM this coming Friday. New York. 2:30 PM - Jack Hoover called from  I  On cal.  He asked that his call be  6 - A.C. 212-697-3730) returned. (Call back Operator No. called. 3:30 FM - John Scanlon of AT&T morning.  He will call again tomorrow  try about 9:30 a.m., (I had suggested that he might  we would return his call0 n, the e fre t en' wer you if and edule. explained that you had a full sch  PLANE SCHEDULES FOR TRIP TO NEW YORK MONDAY, APRIL 26, 1971  7:00 AM - Lv. National via EA Shuttle 8:000AM - Arr. La Guardia  7:30 AM - Lv. National via PA 337 (F/Y--727) Cnack 8:2S AM - Arr. Le Attardia  7:30 AM - Lv. National via EA Shuttle 8:29 AM - Arr. Newark  8:00 AM - Lv. National via EA chuttle 9:00 AM - Arr. La Guardia  10:00 AM - First meeting at Fed Bank -- with Dick Youngdahl  7:15 PM - Dinner at 21 Club, Followed by informal discussion  10:00 PM - Lv. La Guardia vla EA Shuttle 11:00 PM - Arr. National  Messages for Mr. Volcker  9:15 AM - Gov. Daane called.  - 1 -  Friday, April 23, 1971  He asked that his call be returned.  (147-211) 9:30 AM - Mr. Petty called to ask whether he might ride to the World Bank with you for lunch.  I told him the car would be stand-  ing by at 12:45 PM. 9:35 AM - Mr. Dale returned your call of yesterday.  181 - 3067  9:37 AM - Mr. Petty's secy. called and said there will be a meeting in the Secy's Conference Room at 4:30 PM today to discuss multilateral lending institutions, and the Secy. would like you to attend. NOTE:  Cal. clear.  On cal.  Mr. Snyder has set up a meeting, or, as he termed it, a seminar, as you requested at 10:00 AM next Thurs., Apr. 29, re memo on Federal Reserve developments -- with Messrs. Weidenbaum, MacLaury, himself, Bryan, and Konstas -- in your office.  On cal.  •  Messages for Mr. Volcker  - 2 -  10:20 AM - Bradford Mills called.  Friday, April 23, 1971  He asked that his call be  returned. (9-632-8584) Joint Economic Committee called. the of ar mbh Kru rge Geo AM 25 10: calling about the Bill He said some press people are Senator Javits is introducing  "Emergency Loan Guarantee."  sonmally with the He mentioned that you had spoken per he would hold Senator about this Bill - and indicated ken with you. off press inquiries until he has spo NOTE:  in Treasury at Mr. Krumbhar said he was lunching the 1:00 p.m0 and will drop off a copy of Senator's bill and his statement ° M11 ,, •••  umley I informed Alan Wade of the above (Mr.Br is on the Hill).  h I told Mr. Krumbhar that you had one of your staff wit his you at the time of his call and that we would return call when you were free. --(9-225-5171)  Messages for Mr. Volcker  - 3 -  Friday, April 23, 1971  12:45 PM - Mr. Petty's office called to say that the time for the to discuss meeting Ni/the multilateral lending institutions has been shifted to 3:00 p.m. (originally scheduled for 4:30 pm). Cal. Noted.  -- In the Secretary's Conference Room.  4:15 PM - Young Fred Deming called and would like you to call him. 138 - 57317  5:40 PM - Gov. Daane called.  His secretary said he wanted to discuss  his speech with you - and may call you after 9:00 pm at home this evening.  Messages for Mr. Volcker REMINDERS:  1) (2)  April 22, 1971  - 1 -  Call Mt. Snyder Call Mr. McCracken  9:50 AM - Mr. Costanzo's secretary called to say that Mr. Costanzo had discussed  your having lunch with Ortiz Mena, Mr, Petty,  Mr. Costanzo and Mr, Sternfeldt at the Inter-American Development Bank, 808 - 17th Street, NOW. (12th Floor-Dining Rm.) on Friday, April 23, at 1:00 pm. (to meet in the Dining Room) Is it all right to confirm?  YES  NO  (128-6908) 9 55 AM - Mr. Hirschtritt asked for a few minutes with you this afternoon - and I have given him 5:00 p.m. (approx.) to follow your 4:00 p.m. appointment with Mr. Wieczorowski & Aldewereld). CAL. NOTED. 10:50 AM - Fred Bergsten called and would like you to call him. 103 - 5026 11:45 AM - Mr. MacLaury stopped by to see you and said to tell you he has two dinner engagements that he has to cancel out on if he is to go to EPC - WP-3 in May; also he is scheduled to testify on May 11th on Costal Zones, which involves tax exempt securities and credit programs, and, if Mr. MacLaury is to go to EPC, you may have to testify on that as a penalty! He wonders whether you do definitely want him to go to EPC, in which case he should cancel out on the two dinners.  •  •  Messages for Mr. Volcker  - 2 -  2:15 PM - Fred Bergsten called.  Thursday, April 22, 1971  He asked that his call be returned.  (103-5026) 2:30 PM - Jack Hoover called.  He asked that his call be returned.  (His secretary said it was personal)e  CALLBACK Oper. No. 6-  NYC - A.C. 212-661-4549.  NOTE:  Mr. Petty has asked Mr. Hennessy to sit in at 4:00 p.m. meeting,  4:05 PM - Eoin Belton of Reuters called to request some comment on the Chase prime rate increase.  628-9212  5:45 PM - Mr. Kearns called and would like to speak to you on the phone.  128 - 21131  3:30 PM - Mr. MacLaury has scheduled a Treasury financing group meeting in your office for 3:00 p.m. tomorrow (Friday. (He expects to leave Treasury at 4:30 p.m.)  ON CAL.  Thursday, April 22. MESSAGE FOR MRS. VOLCKER From Mrs. Hughes of the U.K. Executive Director's Office at the Fund - 6:20 PM  She has received a telephone call from Mr. Kirbyshire, who is now in Philadelphia, that he is taking an Alleghany Airline flight out of Philadelphia tomorrow (Friday, April 23) to arrive at National at 5:00 p.m, where he will get a Hertz rental car, which he will be driving. arrive at your home at about 5:30 p.m.  He should  and will be leaving  shortly after that for a dinner engagement at the Federal Reserve Board at 6:30 p.m. (which he hadn't been aware of until his arrival in Philadelphia). Should his flight be delayed, he will go directly to the Federal Reserve Board, and to your home later in the evening. Mrs. Hughes said that Mr. Kirbyshire mentioned that he didn't know what your plans were for the evening -- but she suggested that you call her at the Fund on 477-3181 up until 6:00 p.m. with any message you might have for him. Mrs. Hughes also said she has some papers for him which she will drop off at your home about 9:00 a.m. tomorrow morning.  She will put them in the kitchen letter box. Pearl  - 1 -  Messages for Mr. Volcker  REMINDER:  -  Wednesday, April 21, 1971  You want to talk with Don Belin this morning. -- Boston (Choate, Hall & Stewart - law firm) - A.C.617-227-5020)  9:30 AM  -  Mr. Kearns called.  He asked that his call be returned.  (128-21131) 9:45 AM  - Lou Brott ofI  est In America called ahmxt to suggest  that you bring about 10 copies of your speech with you C-this noon. 11:35 AM  - Message from Mr. Rossides: The countervailing duty border on barley and molasses: he (the Secretary) talked to the Secretary about this and he/okayed moving Mr. Rossides did want to correct an impression at he left with you/this morning's meeting regarding the ahead.  significance.  It does hit at the heart of the Common  Agricultural Policy (CAP).  The impact was felt when  Treasury acted several months ago.  This is the order  that follows the notice of investigation at that time. The amounts involved are insignificant. 11:50 AM  - Mr. Kearns called again,  11:55 AM  - I spoke with Moris.  Policriti to give her the June 10th  date for your address at the luncheon meeting of the Municipal Bond Women's Club.  She said there may be some  problem with that date, since they already have an Annual Outing planned for June 4th, and it may be difficontd/2  •  Messages for Mr. Volcker  - 2 -  Wednesday, April 21, 1971  cult to schedule another function on the 10th.  If so,  she would like to hold off for some future date,  She will  be in further touch with you. 11:55 AM -  Mr. Cooper would like to come in to see you.  12:10 PM - Secy's Operator called to say there will be Secy's Staff this Friday. 12:40 PM - Mr. Peter Peterson called and would like you to call him. 456-2171 or thru White House Operator - 1450 12:00 PM - NOTE:  I have been informed by Mrs. Kabis' secretary that the deadline for the $32,00 check in payment of the new bills(Connally/Kabis) is this Friday, April 23.  1:25 PM - Miss Ruth Finley in Mr. Robinson's office called and said Mr. Eugene Black could see you on Monday in his NY office (just the two of you) at either 9:00 in the morning or between 3:30 and 4:30 PM.  I asked her if I might check this  out with you when you return from your luncheon speech and call her back.  She said that would be fine.  NYC - 944-2559  Would you prefer: 9:00 AM Monday Between 3:30 & 4:30 on Monday (The Arthur K. Salomon lecture starts at 4:30 at 100 Trinity Place.)  •  Messages for Mr. Volcker  3:15 PM  - 3 -  Wednesday, April 21,1971  I have confirmed your meeting with Eugene Black on Monday, at 3:45 p.m. April 26/-- in Mr. Black's office, 65 Broadway, 12th Floor (which is next to Mr. Robinston's office).  3:20 PM -  CAL. NOTED.  Rose has scheduled Giscard d'Estaing for his visit with the and you Secretary/at 11:45 a.m. to 12:45 p.m. on Thursday, May 20, in the Secretary's office. NOTE:  ON CAL.  At 12:45 p.m., the Secretary and Giscard will leave for the French Embassy - where the Ambassador is hosting a luncheon for Giscard,  Rose mentioned that Chairman  Burns and Mr, McCracken will be at this luncheon also, 4:30 PM - Mr, Sternlight called to say that Mr, Hayes would like you to join him for lunch on Monday, April 26, when you are at the Fed Bank in New York.  Mr. Hayes had already set up a lunch on  Monday with some underwriters from Kuhn Loeb (John Schiff and others) and is inviting you to join him and Kuhn Loeb kax kumak at 12:30 p.m, at the Fed Bank. Shall we accept for you?  YES NO  (Mr. Sternlight) NOTE:  Mr. Fred Deming, Sr.'s secy. called from NY to ask if you were free to lunch with Mr. Deming tomorrow when Mr. Deming will be in Washington.  I said you had a previous luncheon engagement  and she asked for time after lunch; I gave her 3:00 PM.  Messages for Mr. Volcker  - 4 -  Wednesday, April 21, 1971  5:00 PM - Mr. Kearns called again. 5:05 PM - Gov u Daane returned your call. on the 5:40 PM - Mr. MacLaury called and would like to speak to you phone when you return. NOTE:  I have discovered that Mr. Cooper had discussed with you setting up a financing meeting tomorrow and had set it up at 3:00 PM, the time I gave Mr. Deming.  Mr. Cooper said you  had mentioned 3:00 and 5:00 tomorrow as possibilities but he won't be here at 5:00 -- but apparently this won't bother him as he said he had already given you his views about the financing.  Is it OK to reschedule the financing group for  5:00 tomorrow? NOTE:  I used a TR to get your plane ticket for the trip to NY on Monday.  If this is to be charged to Govt. we should do  a travel authorization; otherwise, we should do a voucher and send in a check reimbursing the Govt. for the cost of the ticket. CHARGE TO GOVT. REIMBURSE GOVT.  Messages for Mr. Volcker  NOTE:  - 1 -  Tuesday, April 20, 1971  Professor Schmidt called early evening yesterday (Monday), to say that you may want to know that Leonard Silk (on the Staff of the New York Times) indicated to Prof. Schmidt that he may write an editorial on the Euro-dollar market question -- to appear in the New York Times on Wednesday of this week (April 21). -- Prof. Schmidt has just returned from Italy, where he had met Mr. Silk. -- An article by Mr. Silk on Euro-dollars also appeared in Monday's New York Times.  This is attached.  Messages for Mr. Volcker  - 1)-  April 20, 1971  9:25 AM - Lee Burnham,, of the First Natl. City Bank in NY, called for John Larkin, who is away today.  NYC 825-6325  9:30 AM - Henry Kearns called and hoped to talk to you before he left for NYiit 10:00 AM.  He'll be back around 6:00 PM  and may call you when he gets back; otherwise, hopes to talk to you on the phone first thing in the morning. 9:45 AM - Mrs. Kabis called and would like to speak to you on the phone sometithe today. NOTE:  2333  The Secretary's Dining Room is being used for a closed luncheon today.  Messages for Mr. Volcker  - 2 -  Tuesday, April 20, 1971  10:45 AM - Lou Brott, who is arranging the "Invest in America" program for Mr. Barr and Senator Mathias, called to say that Mr. Barr was particularly anxious that they have some diplomats at the luncheon tomorrow and wanted you to know that among the guests will be: U.K.  -  Economic Minister  Canada  -  Ambassador  Netherlands  -  Minister-Counselor  Swiss  -  Ambassador  Sweden  -  Economic Minister  Japan  -  gapam Ambassador  Germany  -  Economic Minister  Italy  -  Ambassador  Australia  -  Financial Minister  Kuwait  -  Charge d'Affaires  Isreal  -  Ambassador  Spain  -  Economic Minister  South America Iran Belgium Lebanon  -  Economic Counselor Ambassador Economic Counselor (not designated)  He thought knowing the above might have some bearing on what you are going to say. Mr. Brott said you are scheduled to talk for about 15 or 20 min. at 1:15 pm -- following lunch and introductions starting at 12:00 noon. to conclude by 1:35 PM. CAL. NOTED.  Messages for Mr. Volcker  11:40 AM - Mr. Trued retu  April 20, 1971  - 3 -  d your call.  128 - 44304  2:45 PM - Mrs. McCarty in Mr. Eastman's office at State called and said Raymond Barre, V.P. of the Cmn. on EC, would be in Washington on April 29th and 30th and asked to see you. She asked about a time on the 30th. and I suggested 11:00 AM.  Your cal. is clear  I asked if he were seeing anyone  else in Treasury; she said no.  I asked if she knew if he  had anything in particular to talk about and she said she hadn't heard of anything but, if they did hear about anything specific, they'd let us know.  I have advised Sue Steiner,  who handles EC and who will do a briefing memo. 4:00 PM - Mr. Cates called and would like you to call him when you're 4:55 PM - Mr. Cates called and cancelled his call to you. 3:45 PM - Mrs. Kabis' secretary called to say that she was etrxxixi calling )574APtxlill -- immediately followed by a call from the Secy's free.  8243  Operator with a call apparently placed by Mrs. Kabis.  She  came on the line and said her secretary probably was callin g amount $1 about a check in the xigloit/of $32 from you for the new/bi lls with Secretary Connally's name on them.  Mrs. Kabis didn't  say what it was she wanted to talk with you about -- but asked in connection with these bills, whether you knew how valuable they can become in time.  She mentioned the fact that Dr.Walker  personally walked his bills (which he had taken out of the cont'd/p4)  Messages for Mr, Volcker  -4-  Tuesday, April 20, 1971  (Mrs, Kabis-cont'd) frame) down to Mrs, Kabis for her signature. with her name change from Elston to Kabis,)  (This was She said one  bills set had been known to go up to $25,0009 with the signed, NOTE:  I called her secretary to find out whether there was the a deadline on the $32.00 check for/new bills. She said she didn't know and assumed that this was one of the things she was going to mention to you; plus the desirability of having the bills signed by both the Secretary and Treasurer with each change, She thought these were two things -- among others which she was calling about.  I told Mrs. Kabis you had a newspaperman with you and we would return her call just as soon as you were free, -2333 4:05 PM -  Rose Cicala returned your call. - 2533  Messages for Mr. Volcker  _ 5  April 20, 1971  4:55 PM - Mrs. Pascus in Protocol at State called to invite you to a luncheon Mr. Samuels is hosting for Raymond Barre at 1:00 PM on Friday, April 30, in the James Madison Rm. at State.  Your cal. is clear.  OK to accept?  (632-0256)  YES NO  5:90 PM = Mr. Willis would like to see you when you are free. 5:00 PM - Mr. Trued's secretary called to say that he had luncheon reservations at the San Souci, 726-17th St., N.W., for 1:00 pm on Thursday, April 23.  He will meet you at the restaurant.  ON CAL, 6:25 PM - Mr. MacLaury would like to see you for a few minutes .  Messages for Mr. Volcker  - 6 -  April 20, 1971  6:45 PM - Rose called and said you wanted to see Secy. re Peru tomorrow and she suggested 12:00 or shortly thereafter. I explained you had to talk to Joe Barr and Senator Mathias' i Invest in America luncheon in the Old Senate Office Bldg. starting at 12:00 Noon.  She then suggested  that she fit you in right after the Secy's 3:30 briefing on revenue sharing is over -- it may run quite a while and Rose will call us when it is over, hopefully around 4:30 or 5:00. Rose also asked about a time suitable for you to give to Mr. Vienot at the French Embassy for Giscard to see Secy. and you on the morning on Thursday, May 20.  I said  your cal. was clear and raised the question whether the Secy. ought to offer to host a lunch for Giscard. said Mr. Vienot had said tkRx5IRE)Tx  She  Giscard had to be in  New York in the afternoon and asked for a time in the morning -- Rose didn't find out what time Giscard had to be in New York.  The other question is how much time  should Secy. spend with Giscard -- Rose thought you might have some feeling and guidance for her on this.  She  said it is already too late to call Vienot back tonight so she will call him in the morning after she hears from you.  Messages for Mr. Volcker  - 6 -  April 20, 1971  6:45 PM - Rose called and said you wanted to see Secy. re Peru tomorrow and she suggested 12:00 or shortly thereafter. I explained you had to talk to Joe Barr and Senator Mathias' i Invest in America luncheon in the Old Senate Office Bldg. starting at 12:00 Noon.  She then suggested  that she fit you in right after the Secy's 3:30 briefing on revenue sharing is over -- it may run quite a while and Rose will call us when it is over, hopefully around 4:30 or 5:00. Rose also asked about a time suitable for you to give to Mr. Vienot at the French Embassy for Giscard to see Secy. and you on the morning on Thursday, May 20.  I said  your cal. was clear and raised the question whether the Secy. ought to offer to host a lunch for Giscard, said Mr. Vienot had said tictilxStexx ,-.41-efe/4444.44.14,,-.0-c#  She  Giscard had to be in  New York in the afternoon and asked for a time in the morning  Rose didn't find out what time Giscard had  to be in New York.  The other question is how much time  should Secy. spend with Giscard -- Rose thought you might #  have some feeling and guidance for her on this.  She  sdpaid it is already too late to call Vienot back tonight so she will call him in the morning after she hears fro you. ( I  Messages for Mr. Volcker  _ 7  Tuesday, April 20, 1971  7:20 PM - Mr. Monroe of the General Counsel's office called.  He had  just read a copy of the final draft of the Fore ign Assistance Message which had come over late this afternoo n from incorporate Mr. Bergsten - and said it seems to/ingEmpaim all the changes the Treasury asked for in prior draf ts.  Messages for Mrc Volcker  Monday, April 19, 1971  - 1  9:00 AM - Mr, MacLaury has inquired about your making the trip to New York with him on Friday of this week (April 23) to visit the securities dealers (the regular trip before the financing) Your calendar is clear - except for Jimmy's Father Son Banquet from 6.00 PM to 9:00 PM Friday evening. Shall we tell Mr. MacLaury you will go to New York on Friday? YES  3iffAAAI y  NO  OTHER 9:15 AM - Mr. Kearns called.  He asked that his call be returned.  (128-21131) 9:30 AM - Gov, Daane called,,  He asked that his call be returned.  (147-211) 9:35 AM - Mr. Betts' office has asked about lunch in the Secretary's Dining Room todayo Is it all right to tell them you will have lunch today? YES NO (5391)  •••-•  Messages for Mr. Volcker  1035 AM - Ed Cohen called.  - 2 -  Monday, April 19, 1971  He asked that his call be returned. (5363)  10:36 AM- Gov. Daane returned your call. 10:37 AM- Bill Ross (FNMA) called.  He referred to his telephone con-  sation with you on Friday about their next financing (due to be announced this morning).  He wanted to talk with you about  the market outlook - and what you might be thinking of. 11:40  (293-6066)  11:40 AM - Mr. Kearns called and would like you to call him (128- 21131) 11:45 AM - Mr. Cates called to ask for your reaction to the draft of your talk for next Wednesday that he left with you last Friday to look at. NOTE:  0  Sam Cross called to inquire whether you had talked C6•41Siz t to Mr. Samuels about Balance of Payments _latame.  - 3 -  Messages for Mr. Volcker  Monday, April 19, 1971  1:10 PM - Axtilux David Lake of Mr. Cohen's staff called.  He said  that Mr. Cohen is going to the meeting of the Committee on Fiscal Affairs of the OECD, which is scheduled for May 17-19 in Paris.  Mr.  Nate Gordon is accompanying him.  Lawrence Kennon, who is Director of Monetary Affairs at  the State Department,is also planning to attend. The question in Mr. Cohen's mind is -- Do you have any objections to a State Department representative being at this meeting -- or do you think Secretary Connally would have any objections? -- Mr. Cohen had to leave for the Hill and he had asked  mr.  Lake to make the inquiry for him, (Mr. Lake suggested  that we give your answer to Mary Maxfield (Mr.Cohen's secretary - 5363). 1:15 PM - Mr. Hennessy would like to see you before you leave Treasury this afternoon -- about the World Bank liquidity paper, and another matter that has some urgency.  (2748)  1:20 PM - David Francis (Christian Science Monitor) is coming in at 10:30 a.m. tomorrow (Tuesday, April 20).  CAL. NOTED.  Messages for Mr. Volcker  - 4 -  April 19, 1971  4:45 PM - Mr. Brumley stopped by and said a Life photographer will take some photographs of the Secy. and his top staff at Staff meeting on this coming Thursday, the 22nd, and Mr. Brumley wanted to be sure you would be there.  He said  Staff meeting will be late that morning because Secy. is having breakfast with a group of Congressmen; Mr. Brumley estimates the Staff mtg. will start around 9:00 or 9:15 -they'll have someone call us when ready to start -- and they expect the Staff mtg. to be held in Secy's Conference Room -- the people working on that Conference Room have promised to have it ready in time. 4:05 PM - John Larkin called,  On cal.  He is leaving New York for the ABA Con-  ference at the Greenbrier, White Sulphur Springs, W. Va., this afternoon - to remain through the rest of this week. Lee Burnham, Mr, Larkin's associate, will call you in the morning.  (Mr. Larkin can be reached at the Greenbrier,  (A.C, 304-536-1110 - should you want to call him there,) 4:50 PM - A meeting is scheduled for 9:00 a.m. tomorrow (Tuesday, April 20) in Conference Room 4426 with the Lockheed people, bankers - and from the Treasury:  The Secretary, Mr. Volcker,  Jim Smith, Mr, Brumley, Dr, Walker, Judge Pierce, Mr, Weidenbaum and Mr.MacLaury,  ON CAL  - 1 -  Messages for Mr. Volcker  April 16, 1971  9:40 AM - Mr. Betts' office called to ask if you would lunch in Secy's dining room today.  Since you had nothing scheduled for  lunch, I told them you would lunch in the dining room. NOTE:  Lorraine said Mr. MacLaury mentioned to you that the Secy. wanted to have a meeting on Lockheed at 5:00 PM today in the Secy's office with you, Mr. Weidenbaum, Mr. MacLaury and Judge Pierce.  Judge Pierce is away today so will not be present.  I will note this no on your cal. 11:15 AM - Mr. Schlesinger called and would like you to call him. 103 - 3864 be 12:30 PM - Mr. Wieczorowski called and said he thought you might interested in knowing that there is a Bank  per which they  sent over to Treasury on Wednesday -- a thick paper on "The Economic Growth of Peru -- Problems and Prospects," R-71-74 -he thinks Finkle's office should know where it is in case you'd like someone to give you a resume of it.  Secondly,  Mr. W. got a sense from the Bank that the agencies did not like the tone of the first report of CIAP on Peru, so it may be rewritten somewhat -- it tended to be very complimentary to the position of Peru and implied if all the world did not help the Peruvians vigorously, the Peruvians would have (very reason to be unhappy.  Thirdly, Mr. W. has not been able to  Messages for Mr. Volcker  - 2 -  April 16, 1971  ascertain whether you received a copy of the Bank's study on liquidity and he is sending a copy directly to you  Mb •••  this is  coming up before the Board on Tuesday in case you have anything you want to inject -- he implied he hadn't gotten any reactions or guidance from Treasury on this.  Also, he thought you should  be familiar with the liquidity study when you see AldeZwereld on Thursday. 1:45 PM - Rose Cicala called.  The Secretary had had to regret the  Yugoslav dinner tonight - and she said you had been asked to go in the Secretary's place -and regretted; and Dr. Walker had regretted also since he and Mrs. Walker had another engage ment. xRg She would like your advice. 3:55 PM - Mr. McGinnis stopped by and said you wanted a report when the offset meetings were over.  He will be in his  office and available whenever you are free.  2536  Messages for Mr. Volcker  6:35 PM - Mr. Samuels called.  - 3 -  Friday, April 16, 1971  He asked that his call be returned,  He  expects to be in his office for a while this evening, and call suggested that we/txy on your return, (101-20410) 6:55 PM -  Mr, Cross called to inquire whether Mr. Samuels had called. He thought Mr. Samuels is calling about the Balance of Payment cable (attached).  %.  - 1 -  Messages for Mr. Volcker  NOTE:  -  Thursday, April 15, 1971  Mr. Rendall has asked us to put a hold on Tuesday-Friday, June 1-4, for the Treasury representatives to meet in Washington.  He indicated that he was going to check the  Secretary's calendar to try to arrange for the men to meet him. 9:25 AM NOTE:  -  CAL. NOTED.  The Secretary's Dining Room is closed today -- no cook. Sam Morrow will be on leave this afternoon and tomorrow. Mr. Cumming will be your driver this evening; and Mr. Coleman will drive on Friday.  Sam Morrow will be on  call over the weekend, should you need him., and he has a <m, been informed of the 8:30( appointment you have with Dr. Alpher on Monday, April 19.  0  '%  Messages for Mr. Volcker  - 2 -  .su.. 1971 April  1245 PM - Richard Youngdahl called and would like you to return his call.  NYC - 943-1200  He asked that his call be returned. 4:00 pm will be (He expects to be in his office shortly aftezf; sIST  3:20 PM - Mr. Brumley called  away between 3:30 p.mu and 4:00 pm. 3'45x2MxxxxxMxxxHmTITIRils  (5252)  Messages for Mr. Volcker  - 1 -  April 14, 1971  to you on the 9:50 AM - Mr. Willis called and would like to speak phone. y's l 10:00 AM - Secy's Operator called and said there wil be Sec Staff on Friday. to say that he can come in and vel Cle m fro led cal ms Ada Mr. 9:00 AM il 15) at 3:00 p.m. to see you tomorrow (Thursday, Apr Mr. James' office and they to on ati orm inf s thi en giv e hav I for 4:00 p.m. have put him on Mr. James' calendar thal of the Bundesbank men Blu Mr. ing see is ry Lau Mac Mr. Lorraine to hold Mr. MacLaury's ed ask e hav I and -. p.m 0 4:0 at ms, if you felt he should calendar open after that for Mr. Ada see him.  (CAL. NOTED)  for today -- since neither The Fed lunch has been cancelled  NOTE:  to attend. you nor Mr. MacLaury are available 11:00 AM-  am Christian Science Monitor 11:00 the of s nci Fra id Dav e I gav on Friday, April 16.  ON CAL.  on your meeting with Mr.Francis, in sit to ed ask has er Web Mr. Is this all right? NOTE:  YES  NO  Secy. would like to Rose stopped by this morning and said the attend the Board mtgs. of Natl. Gallery.  Rose didn't know there  t there were as many were Finance Cmte. meetings as well or tha of meetings for the next meetings until I gave her the schedule year.  She asked me to tell the Natl. Gallery to keep you listed  •  Messages for Mr. Volcker  - 2 -  April 14, 1971  as alternate to attend meetings when the Secy cannot and I will do so. 12:00 M - Mr. McGinnis called and said there seemed to be some confusion on the 3:00 o'clock meeting this afternoon with the Secy. on German offset; he said he did not want to have such a meeting and evidently was not really prepared to have such a meeting.  He said he had planned to meet with the Secy.  at 10:30 this morning on the Cuban embargo but that was postponed because the Secy. had to go to a swearing-in, so Mr. McGinnis plans to use the 3:00 o'clock meeting to talk to Secy. on the Cuban matter and will be glad to have you attend if you are interested but he wanted to know about this.  Pearl said Rose had called and set up the meeting  at 3:00 on German offset, saying that you and Mr. McGinnis wanted to have such a meeting. NOTE:  Mr. Weber stopped by to ask whether your meeting with Mr. McGinnis might include a discussion of the announcement that the U.S. will resume trade with Communist China.  He said he had attended a brief-  ing at the State Department this morning and would like to sit in if you were going to talk about this.  •  Messages for Mr. Volcker  _ 3 _  April 14, 1971  2:55 PM - Mr. Cates called and would like you to call him. NOTE:  8243  Lou Brott, of the Invest-in-America Council, who had called you yesterday about your speech at Joe Barr's luncheon meeting on next Wednesday, just wanted to tag ask for an advance copy of your speech because he is handling publicity.  If he can't  have an advance copy, which I warned him would probably be the case, he would like you to bring 8 copies of the speech with you to the luncheon.  Messages for Mr. Volcker  - 4 -  Wednesday, April 14, 1971  etary Connally had just left 5:45 PM - Beverie called to say that Secr with  the building -- to be gone about an hour and rn. the slight possibility that he will not retu  She said they  let you know will call you should he return and will also ce. if they learn he will not be back in his offi  I asked  morning, but he whether he could see you after staff tomorrow him this evening, will be unable to; also, if you do not see tomorrow morning. Rose will work you into his schedule sometime Ambassador at 10:00 am) (I told her you were seeing the Swedish NOTE:  to be in Washington Paul Wren called and said he was planning to the Spring meeting on Monday, April 26th, after having been meetings with you in White Sulphur and prior to his Crate's g. on Tuesday and Wednesday on the refundin  He wondered if  the 26th. you would have any free time to see him on  I told  Arthur IC Salomon him you had accepted the invitation to the that engagement, Lecture in NY and, if you were able to keep touching base with would probably want to spend Monday in NY nding. the dealers there preparatory to the refu  However,  d that he phone us this was subject to change and I suggeste on to see what the on Monday morning when he reaches Washingt situation is.  He said he would do so.  •  Messages for Mr. Volcker  - 1 -  Tuesday, April 13, 1971  9:45 AM - Mr. Wieczorowski's secretary called to say that he and Mr, Siem Ald4weld (Vice President at the World Bank who heads the Treasurer's Dept.) would like to see you on Thursday, April 22, re long-range financial plans for the Bank. He suggested lunch or 4:00 pm. Your calendar for lunch is presently clear -- unless there are arrangements being considered for a luncheon for Sir Leslie O'Brien who is seeing the Secretary at 10:00 a,m, and will see you at 10:45 am on Thursday, April 22. 4:00 PM is clear on your calendar. Is it all right to accept the luncheon invitation? YES  JWJ  0  NO  /,/,#04-A Shall I arrange for the 4:00 p.m  appointment in your office?  J.4, 1 YES NO (Rita Adler - 181-2776) NOTE: -  I spoke with Ellen Maloney of OASIA Industrial Nations -- and mentioned the appointment Amb. de Besche had made to call on you and to introduce the new Economic Counselor Kurt Lidgard (who has replaced Mr. Bundy), at 10:00 a.m. on Thursday, April 15.  She said Mr,. Cates is anxious to meet the new people at  the Embassies - and Mr. Reynolds, who had been in touch with Mr. Bundy frequently while he was at the Embassy, would be cont'd/2  Messages for Mr. Volcker  - 2 -  Tuesday, April 13, 1971  (re your appointment with Swedish Amb. - cont'd). very much interested in meeting Mr, Lidgard.  She suggested  that if Mr, Cates is not free, perhaps you might have Mr. Reynolds sit it. Is it all right to have Mr. Cates and/or Mr. Reynolds attend your meeting with the Ambassador and Mr. Lidgard at 10:00 aim. on Thursday?  4vver.;_lES  c'et  NO  (Miss Maloney will have the bio on Mr. Lidgard.  - 8004)  10:30 AM -Mr. Roger Hawkins of the American Bankers Assoc. called.  He  said the ABA is setting up a new International Banking Committee headed by Stephen Eyre (Senior Vice President, First National City Bank of New York) - and will number about 12.  This group  will be meeting in Washington on May 3 and 4th, and the Committee wondered if you were free for lunch -- to join them in an informal gathering at one of the hotels and to brief the group on what is going on, where we are, and what's happening.  He said if you couldn't make it on the 3rd, perhaps  you would consider the 4th. On Monday, May 3, you will be luncheon speaker at the Economic Forum in Chicago. On Tuesday, May 4:  Your calendar is clear, unless Dr,Wallich  switches his Treasury Consultants' meeting back to the 4th (cont'd/3)  Tuesday, April 13, 1971  - 3 -  Messages for Mr, Volcker  - (ABA Intl. Banking Cmte. - cont'd/) from May 17. ACCEPT  Shall we tell Mr. Hawkins that you his invitation to  REGRET  /  participate in the luncheon meeting of t  -ABA Intl.  Banking Cmte. on Tuesday, May 4? 6  (Mr. Hawkins - 9=467-4192)  ///  10:35 AM - David Francis of the Christian Science Monitor called.  He  had called several weeks ago and asked for about 30 minutes with you to talk about the Balance of Payments, international monetary affairs, etc.  He asked whether you might have some  free time to see him this week or next week. D Shall we arrange an appointment for Mr. Francis? YES  /110'4  NO OTHER  (347-1751) 1:35 PM  .7  Mr. McGinnis called to ask for 15 minutes with you this afternoon to talk about the German Offset,  He is attending  at 4:00 pm a meeting this afternoon at the State Department on German strategy and would like, if possible to see you before he leaves for this meeting.  before 3:15 p,m0 (NOTE: (2536)  You have a 3:00 p.m0 meeting with Mr. Roob.) 0,4 • '  e'I 0....(• •  . / <  '  /1  Messages f9r Mr. Volcker 3:05 PM  Simon called.  Tuesday, April 13, 1971  - 4 -  He asked that his call be returned.  A.C. 212-747-7026, 3:30 PM - Dr. Wallich has confirmed Monday, May 17, for the Treasury Consultants' meeting -- in Room 4426. 3:40 PM -  Rose Cicala called.  ON CAL.  The Secretary is going to speak at a  luncheon meeting of the EFTA Ambassadors, at the Swiss at 1:00 PM Embassy, on Wednesday, May 5/- and would like to have you and Mr. Petty accompany him. On your calendar:  The Finance Cmte0 of the National Gallery  of Art meets at 11:00 a.m. on May 5th; and your calendar for lunch is clear - except for the customary Fed luncheon on Wednesday. I gave this to Rose when she asked what you had on your calendar. Shall I confirm that you will accompany the Secretary? YES As/ NO (There will be a briefing paper for background pubtposes prepared.) 4:00 PM -  Cal. Noted.  Lou Brott with the Invest-in-America Council (located in the National Press Building) called.  He  Wall  would like to  talk with you about your speech at the luncheon meeting hosted by Sen. Mathias and Mr. Barr on Wednesday, April 21, and asked that his call be returned. 9-638-1441.  _ 5  Messages for Mr. Volcker  4:15 PM - Gov 5:15 FM  Daane called.  . Willis called.  Tuesday,April 13,1971  He asked that his call be returned. He and Mr„ Cross would like to come in  to talk with you this afternoon about 5:45 p.m. or 6:00 p,mo -- about the circular cable - and the State Department questions on itc NOTE:  (5334)  Mr. Adams (Cleveland) to call regarding time on Thursday afternoon.  he will be in  Mr. James' calendar is clear and his  secretary will be notified when we have heard from Mr. dams. 6:25 PM -pox/. S Daane called again. returned in the morning.  He suggested that his call be  (147-211)  6:35 PM - Rose has given you and Mr. McGinnis 3:00 p.m. tomorrow, (Wednesday, April 14) with the Secretary -- re German offset. NOTE:  CAL  Mr, Mackour has learned that Sir Leslie O'Brien is lunching at the Fund on Thursday, April 22; and he will be at the Fed all day Friday.  I .  - 1 -  Messages for Mr. Volcker  9:50 AM  Monday, April 12, 1971  Mr Hennessy called to say there are three things he would like to see you about today. 1) -- URGENT. meeting.  The review of the material for the OPIC Board He said he had sent you the OPIC agenda and  supporting comments on Friday -- and there were some amplifications he would like to go into with you, 2)  The House Foreign Affairs Subcommittee on Inter -American Affairs, chaired by Dante Fascell has named Mr0 Hennessy to testify at 10:00 a.m. on Tuesday, April 20 --on Debt Rescheduling  (as a form of development assistance).  Mr. Hennessy said there was some question in Mr. Petty's mind whether you would like to do this yourself.  If not,  Mr. Hennessy will have a statement by Thursday or Friday of this week and he would like to coordinate this with you then.  3) There is a U. S o vote coming up in the IDB on a Peruvian loan.  Mr. Hennessy had discussed this with Mr. Petty  011••••  but would like to discuss the next step with you. -- Mr. Hennessy can come in at your convenience. (2748)  •  •  Messages for Mr. Volcker  11:20 AM -  - 2 -  Monday, April 12, l.7l  astard Belin of Choate,Hall & Stewart (law firm), called  / from Boston.  He said he wanted to talk with you personally  about Boston and Maine certificates and asked that his call be returned.  (Callback Oper, 6, A.C. 617-227-5020)  11:25 AM - Professor Dufey called from  Ann Arbor, Michigan, regarding  the invitation to you to address a Workshop in Ifternational of Michigan Financial Management at the University/during May or early June. I expressed your regret at being unable to fit this into your calendar because of a heavy schedule -- and he asked that you be given the message that he is very sorry you are unable to accept their invitation -- and he will try gain next year. 11:50 AM  XK  Mr. MacLaury is seeing Mr. Blumenthal of the Bundesbank on V Thursday (April 15) and he and Mr. Nelson asked to see you Wednesday sometime today or late tmmoxxuw/afternoon about what to discuss with Mr. Blumenthal.  (Mr. MacLaury IsAugavimg will be  in a meeting away from Treasury most of Tuesday (tomorrow); and will be leaving for New York at 7:30 a.m, on Wednesday - to return to Treasury late in the afternoon.) Igave him 5:30 p.m. this afternoon.  (He has a 4:30 p.m0 meet-  ing outside of Treasury this afternoon.) Is it all right to confirm? 5848  YES  NO  _ 3  Messages for Mr. Volcker  2:45 FM  -  -1,2kr.  Coombs called.  Monday, April 12, 1971  He asked that his call be returned.  3:10 PM - Steve Francis called from New York.  He will call again about  4:15 p.m. this afternoon. 3:45 PM -  Hannah returned your call. at 4:15 PM  (He will be leaving his office  for a 4:30 pm meeting  - and will return by 5:00 pm)  (9-632-9620) 4:10 PM  Mr. Geng called to give you a further report.  He has the  closing prices now. 4:15 PM - Protocol of State called to extend an invitation to you from Deputy /Under Secretary Samuels who will host a luncheon for the German Offset Delegation at 1:00 p.m. at the Blair House, on Thursday, April 15th.  Mr. McGinnis and Mr. Bean have also been invited; Rolf Pauls, from the German Embassy: the Ambassador 4 Minister Middel mann and Counselor Gotschlich (Financial Affairs). Your calendar is clear‘  Do you widh to ACCEPT REGRET  (9-632 0256) 4:20 PM - Mr. Willis called.  He has a question about the cab  4:30 PM - Steve Francis called.  (5334)  I told him I thought your visitors  would leave shortly and asked whether we might return the call.  He can be reached on A.C. 212-483-1818.  4  Messages for Mr., Volcker  - 4 -  5:00 PM - Swedish Ambassador deBesche called. be returned.  Monday, April 12, 1971 He asked that his cal  (C0.-5-3600) a• 47 47  •  Messages for Mr. Volcker  - 5 -  Monday, April 12, 1971  (Deputy Asst to the President) 6:00 PM - Mr. Butterfield's secretary called concerning an 8:00 a.m. Cabinet meeting, tomorrow (Tuesday, April 13) which you have been invited to attend for the Secretary.  Dr. Seaborg,  Chairman of the Atomic Energy Connission,will give a briefing on the civilian use of nuclear energy.  No agenda is being  issued and there will be no background material.  The meeting  will be held in the Cabinet Room, West Wing of the White House, and is expected to last from 8:00 a.m. to NOTE:  9:00 a.m.  I spoke with Rose Cicala who said Mr. Butterfield's secretary had called on Friday to invite the Secretary and she had understood that the invitation would be extended to you earlier since they had been informed that both the Secretary and Dr. Walker would be away. Mr. Butterfield's secretary thought there had been an acceptance from you. Her call this evening was to inform you that there had not been an agenda issued. (CaloNoted  NOTE: 1) Is it all right to have the Secretary's Operator cancel the 8:45 AM /staff meeting tomorrow morning? YES NO (or) Should this be chaired by Judge Pierce? YES NO 2) OPIC Board is usually served lunch about 12:00 noon or 12:30 pmo IS IT All right to tell Mr. Betts' office that you will Dal have lunch (when the call comes through in the morning) in the Secretary's Dining Room tomorrow (Tuesday)?  YES 't,  NO  gi  Messages for Mr. Volcker  - 1 -  April 9, 1971  9:55 AM - Sue Steiner called and asked if you would like to see Mr. Hermberg when he is here next week and asked specifically about a time on Tuesday or Wednesday.  I suggested 10:30 AM  on Wednesday. Charlie Coombs called and would like a return 11:10 AM - WEImifixt call, please. 12:10 PM - Mr. Carlock said he has some information you want and he will be available whenever you can see him. 12:15 p.m.  Mr. MacLaury said to tell you that he talked with Fred Leary, Bankers Trust, and Leary told him the banks agreed to provide short term financing of $35 million between now and June 6 which should see them through.  2:30 PM - Mr. MacLaury would like to speak to you on the phone when you return.  Messages for Mr. Volcker  - 2 -  April 9, 1971  4:10 PM - Mr. Petty called and would like to speak to you on the phone.  2522  4:15 PM - Mr. Frechtling called and would like you to call him. 2471  Messages for Mr. Volcker  - 3 -  April 9, 1971  5:10 PM - Mike Bradfield has returned to his office and will await your call. 8101 5:25 PM - Governor Daane would like a call.  147 - 211  Messages for Mr. Volcker  - 2 -  tpril 8, 1971  would like you 10:50 AM - Mr. Fred Deming, Sr., called from NY and to call him.  NYC - 422-1215  d up 11:10 AM - Mr. Nelson called and would like to give you a roun when you get back -- he said nothing urgent -- it could wait until you get back. ng to Washington 11:55 AM - Mro Gaylord Freeman called. Will be comi you this afternoon. Wants to talk on phone. Will call upon arrival.  April 7, 1971  - 1 -  Messages for Mr. Volcker  9:45 AM - Secy's operator called and said both the Secy. and Dr. Walker will be away this coming Friday and she asked if you would chair the 8:45 Staff meeting. YES NO I checked with Rose and was told Secy. will leave for the airport probably around 1:00 PM tomorrow, takeoffk time around 3:00, and he won't be back until late morning next Wednesday, 3:25 PM - Mr. Bergsten would appreciate a call back, 145-2267 3:45 PM - Governor Daane called„  Would appreciate a call.  147-211 4:00 PM - Mr. Nelson has several things he'd like to discuss with you sometime before the day is out if that is possible. I gather they're not absolutely urgent but he's been accumulating a list, one of which I believe is the memo he sent down to you the other day.  I said we'd call him  as soon as you got free. 4:45 PM - Asst. Secy. of Defense Barry Shillito called and would like you to call him.  OX 5-5254  April 6, 1971  Messages for Mr. Volcker  9:00 AM - Gov. Daane called and would like a fill-in on how you came out with Coombs last evening. 9:05 AM - Bob Rivel, of Chase, calked and would like you to call him. NYC - 552-4343 REMINDERS:  Did you ever see Mr. Cohen? You wanted to see or talk on phone with: (1) John Midgiey of London Economist - 783-5753 (2)  Anthony Thomas, London Times - 347-7659  10:10 AM - Dereck Mitchell's secy called to invite you and Mrs. Volcker to a black tie dinner party Mr. and Mrs. Mitchell are giving primarily for the Ambassador and Lady Cromer at 8:00 PM on Thursday, April 29 at their home, Cal. clear. 1  ACCEPT  • REGRET 10:15 AM - Howard Clark called.  He'll be available until about 11:15  and then from 2:00 PM on.  NYC - 944-2000  Messages for Mr. Volcker  11:00 a„Tri  2:10  - 2 -  April 6, 1971  ne called and wants to talk with - !.A!IMiltIIuS you about this morning's ticker item on central banks. - Katherine Mallardi has a message for you from Dr. Burns. Please call.  Messages for Mr. Volcker  NOTE:  - 1 -  l April 5, 1971  There is a closed lunch in Secy's Dining Room today and you are not included.  11:50 AM - Mr. Bergsten called and would like you to call him. 12:00 M - Mr. Brumley called and said Bart Rowen of the Washington Post expresses acute unhappiness that the Post was not included in "what appears to be a conversation with you" on the monetary situation.  He is doing a piece for the editorial page to-  morrow morning and would appreciate a chance to talk with you over the phone -- or can we tell him that the information in the Times and the Wall St. Journal is correct?  Mr. Brumley  would recommend you talk to Mr, Rowen, if possible, rather than admit that you did talk to the other reporters. Mr, Rowen's phone is 223-6000, Ext. 396 12:30 PM - John Midgeley, of the London Economist, called and said he would like to talk to you for ten minutes or so sometime today or tomorrow about dollar flows and Eurodollar borrowings. 783-5753 1:00 PM - Mr. Cohen stopped by to say he just finished his meeting with the Italians° He will be in his office when you need him, (5363) 1:00 PM - Anthony Thomas ("London Times") called and would like to see you a some time this week on/background basis on the currency question°  347-7659  April 5, 1971  Messages for Mr, Volcker - 2 -  invite you 3:30 PM - Jesse Adams (Savings Bonds Division) called to to luncheon Thursday (April 8) for Peter Graves (with TV show "Mission Impossible").  Declined lunch because you have  two other possible lunches scheduled for Thursday -- IDB and U. S.-Japan Advisory Council.  Mae is keeping these open  in case you are asked to attend CIEP meeting 4:45 PM - Messrs. Malik and James will be here at 8:20 in the morning. NOTE:  Jerry Newman says Benson & Co. have elected to be here to start talking to you at 10:30 tomorrow morning,  NOTE:  On cal.  Mr. Willis is scheduling the Volcker Group for 4:45 tomorrow.  •  REMINDERS:  (1)  April 2, 1971  - 1 -  Messages for Mr. Volcker  00 and Call Secy. Connally sometime between 10: 12:00 -- preferab  before 11:00 when you talk  to Life Insu lance Cmte. (2)  Call Howard Clark at American Express. NYC - 944-2559  and would like you to 10:10 AM - Fred Deming called you from NYC call him.  NYC - 422-1215  led and would like you 9:50 AM - Frank Saul of F. S. Smithers cal to call him.  NYC 943-3300  mittee for Economic 10:00 AM - Jacob Worenklein, of the Com know that the Development, called from NY to let you ted as a film on "Inflation" in which you participa April 6, at panelist will be on TV on Tuesday night, 8:30 PM on Station WETA, Channel 26,  Noted on cal_  e to talk to you when there 12:10 PM - Mr. Coombs called & would lik all right. is a chance but said after lunch would be In meantime, he talked to Mr. MacLaury. ted to talk the situation over wan and led cal ne Daa . Gov PM 12 12: with you.  afternoon Said he was coming over to Treasury mid  s -- incidentally, for a retirement party (Mary Monomack' you if there's she'd like to stop by and say goodbye to he'd check in with us when a chance) and Gov, Daane said he's hereu  •  Messages for Mr. Volcker  - 2 -  April 2, 1971  12:55 PM - Mr. Hirschtritt called re rearranging the meet ing with you, himself, Betts, and Englert on the retireme nt problem. I first suggested 5:30 but he didn't like it idatat that late so we are trying for 3:45 but he understa nds this may have to be postponed (I didn't know how long your 3:00 o'clock with Weidenbaum and Schmidt woul d take & Daane;will be coming over sometime midafter noon). 1:00 PM - Mr. Wieczorowski's secy called to extend an invitation to you and Mrs. Volcker from Mr. and Mrs. Wiec zorowski to an informal dinner at their home at 7:30 PM on Thursday, April 8. (They live at )  near  Cal, clear.  (181 - 2776)  ACCEPT REGRET  crw  - 4 -  Messages for Mr. Volcker  Friday, April 2, 1971  Houthakker 5:00 PM - Mrs. Whitman of CEA called to let you know that Mr. is traveling this weekend - he is going to talk at the University of Alberta in Canada - and will return to Washington Sunday evening.  Mr. McCracken is in New York; and expected back  in his office by noon tomorrow (Saturday, April 3).  Mrs.Whitman  can be reached on 229-1854, if necessary, over the weekend. in their offices 5:30 PM - Messrs. Schmidt and Widman are standing by until you are ready to see them. MacLaury for something 5:45 PM - Mr. Nelson said you asked him and Mr. you toward the close of the day and they are ready to see when you can see them. NOTE:  Hal Reynolds said they thought they had lined up enough high level people to give a lunch for Moeller and double-checked with Or. Walker to be sure it was all right to go ahead and issue the invitation to Moeller to lunch next Tuesday and have done so -- so the ball is now in Moeller's court.  THE DEPARTMENT OF THE TREASURY  DATE TO  Room  3312  PAUL A. VOLCKER Ext. 5635  - 3 _  Messages for/Mr. Voicker 2:35 P  April 2, 1971  Deming called you again, having ret rned to his office and learned you called him. calling him.  He wo  appreciate your  NYC - 422-1215  PM - Mr. Frank Saul called, having heard you returned his call, and would like you to call him again. NYC - 943-3300 // 3:30 PMV-I Gov. Daane called d would like you to call him. 4:35 PM - Frank Saul called again. about another hour. NOTE:  He expects to be in his office for  NYC-943-3300.  Walter Salant of Brookings Institution called this morning, shortly after your return from Mr. Peterson's office and while Mr. Carlock was with you, to ask you for two things:  1)  A copy of the speech you made on  January 14 at the Conference Board in NY, on "Containing Inflation ........" and 2) he said the speech indicated there was a good deal of back-up statistical work done by fox/the staff for you, which he would like to see. Mr. Salant is going to attend the Johns Hopkins University Bolognia Center School of International Affairs and Studies in Italy on April 16-18, and thought this material would be useful,i  Adolph Warner, Vice Pres.  Smith, Barney & Co. of New York, had asked for this material on January 27 and Mr. Willis had arranged for the compilation of this material through Mr. Auten. Mr. Willis is going to talk to Mr. Auten about giving to Mr. Salant, (HU-3-8919,Ext.246.)  - 1 -  Messages for Mr. Volcker  9:30 AM - Fred Deming called from New York. returned,  Thursday, April 1, 1971  He asked that his cal be  A.C. 212-422-1215.  10:10 AM --Bob Solomon called.  He'msked that his call be returned.  (147-238) Telephone calls to: : 72;60 Pio  Congressman Mills - who was in Committee Meeting - left word. Congr. John Byrn6 - in flight to Wisconsin; in Republican Caucus this evening; can be reached at County Court House from 10:00 a.m. to 12:00 noon (in press conference before 10:00 a.m.) tomorrow (Friday, 4/2) on A,C. 414-682-8811, which is the switchboard. The operator will connect to his office,-- Mr. Volcker does want to place call. Mr. Shultz - at San Clemente; Mr. Volcker cancelled. Mr,, peferson at White House Mess at time of call. Left word. Sen. Long //e6T! , 45,gr 1 if  in Colorado (in flight at time of call) until Sunday. CalocilexxeaRkedxiRxecialimado tomfaxxowxmlornillgxeRxAxexxklam524m59Alibs . Can't reach but if calls in his Secy0 will p_ve him meAsage. in Utah for several weeks. Can be reached there on 801-524-5939.  cf""4  Sen. Bennett  /Sen. Proxmire  Reuss  away from office in Committee for 1/2 hr. left word, -  Left office to vote - to return in 20 min0 left word.  Messages for Mr. Volcker  - 2 -  Thursday,April 1, 1971  3:20 PM - Mr. Peterson r turned your call. 11:30 AM - Joe Livingston called.  He is now Professor of Economics  at Temple University, but still writes for the Phila. Bulletin.  He asked that his call be returned.  A.C. 215 - 787-8767-68. 3:50 PM - Shirley Scheibla of Barrons called and wants to ask you a question on the phone about the Treasury and the Monetary Fund (this was all I could get from her). 534-4231 4:30 PM - Joe Slevin called.  He wondered whether he might have a  few words with you on the telephone this afternoon. (393-6686) 6:10 PM - Nancy called and said Mr. MacLaury has arranged to have Mr. Penn James, Asst. to the President, come to see you at 5:00 PM next Monday on Geng's replacement. will sit in.  Cal„ clear.  On cal.  Mr. MacLaury  Messages for Mr. Volcker  - 1 -  9:45 AM - Sidney Weintraub of State called.  Wednesday, March 31,1971 He asked that his call be  returned. (101-29496) 10:00 AM - Gene Knorr stopped by to say that he had gotten a call from the Hill re scheduling of the hearing on the Asian Development Bank before the Senate Foreign Relations Committee on Friday, April 2, at 10:00 a.m0 and to ask whether he might tell the Committee that you will make the statement and be the witness testifying.  (Mr. Petty is testifying at 10:00 a.m, on Friday,  April 2, before the House SubCommittee on Supplemental Appropriations for IBRD.) NOTE:  At 11:00 a.m. on Friday, April 2, Mr, MacLaury had arranged for the briefing session with you of the Economic Policy Committee of the Life Insurance Assoc. of America, to be followed by reception and luncheon with the Secretary at one of the local hotels (not yet specified). mitmxxaimmxkaxxkm Mr. MacLaury has indicated that since the Secretary will be away on Friday, April 2, the Life Ins. Assoc. briefing session and luncheon may be rescheduled for a time when he can meet with the Comte.  He will advise us later today,  (Gene Knorr - 2851) 10:10 AM - Dr, Walker will chair the full staff meeting in Room 4426 on Friday, April 2.  CAL. NOTED,  Messages for Mr. Volcker  - 2 -  Wednesday, Mar. 31, 1971  11:25 AM - Mr. Brumley called for guidance on comment concerning the Bundesbank reduced bank rate. queries.  He said they were getting  Do you want to make some comment  Mr. Brumley just say "no comment."  or shall  (5252)  11:30 AM - Eoin Belton of Reuters called, concerning the German bank rate cut.  He said he had talked with Mr. Brumley who had told him  it was not the policy of Treasury to comment officially on matters of this kind. you off-the-record.  Mr. Belton wanted to have a word with  (628-9212)  1:45 PM - Mr. Rivel returned your call.  He will be in a Board meeting  from 2:00 pm to 3:00 pm - and in his office shortly after 3:00 p.m. 1:55 PM -  (AX, 212-552-4343)  by Mr, Knorr stopped/to inquire whether we had an answer for him on the ADB hearing Friday morning.  He mentioned the fact that  Mr. Petty is trying to get out of testifying before the House SubCorrunittee on Suppimental Approp. for IBRD, so that he can accompany you to the ADB hearing; also, Jay Finkel is preparing a statement. NOTE from Mr. MacLaury's office.  He is not expected back from his CIPC  and it is expected that meeting until 3:00 p.m. or 4:00 p.m. Ins. be in touch as to he will/MM# whether the Life/Assoc, backgrounding (now on the calendar for Friday, April 2) will be rescheduled.  0  _ 3 _  Messages for Mr. Volcker  2:30 PM - Sidney Weintraub called again.  Wednesday, March 31, 1971 (101-29496)  3:00 PM - Dr. Walker called - to talk to you by phone.  I told Edith  his call would be returned when you came back from the Fed. (She said Dr. Walker expects to be in his office until about 3:30 p.m.)  2081  4:00 PM - Dr. Walker called.  He asked that his call be returned. (2801)  called with the message 4:05 PM - The Secretary's Telephone Operator meeting in his that Dr. Walker will chair the small staff office tomorrow at 8:45 AM (Thursday), 4:10 PM - Mr. Weintraub called again.  CAL. NOTED.  101 - 29496  6:15 PM - Mr. McDermott's secy. in Flanigan's office called and said he wanted you to know that arrangements had already been made by the White House to get the IET to the White House tonight and it will go out to San Clemente by courier plane tomorrow, so all you have to do is notify the Stock Exchange. I informed Mr. Patrick of this message. capital 6:20 PM - The material on/RxEkamgE controls that Mr. Widman gave you a bunch of copies of last night to take to the 9:00 o'clock meeting this morning was actually prepared in response to one of the assignments in CIEP Study Memo. 1 -to comment on Mr. Shultz' paper on the subject -- and this (Treasury) paper was to be delivered to Mr s. Peterson on March 30th (yesterday), so it is already overdue. Mr. Widman wanted this fact brought to your attention.  - 1 -  Messages for Mr. Volcker  Tuesday, March 30, 1971  He asked that his call be returned when  8:30 AM - Bill Simon called.  you have a free minute. 900 AM - Mr. Carlock stopped by.  ; " ' -774 A.C. 212-747411401, He said there was another matter  (other than the hearing this morning) that he was anxious to talk with you about came in.  and asked that he be called when you  (2112)  Gov. Daane called.  He is going to talk with Mr. MacLaury this  morning, since you are not in -- but asked that he be called later when you can talk with him.  (147-211)  10:40 AM-Chairman Burns' secretary called to extend his invitation to lungh at the Fed tomorrow CWednesday, March 31). Burns will host.  Chairman  Your calendar for lunch is clear.  (You  are  scheduled to attend a 9:00 AM meeting arranged by Peter Peterson, in his office, RoamEOB -- along with people from  the Fed, CEA, OBM, and Mr. Bergsten.)  Is it all right to accept the Chairman's invitation? YES NOTE:  S  re FOMC consideration to question of Systemdengaging in outright transactions in Fed. Agency securities (attached).  NO  Mr. MacLaury will be attending a CIPC meeting from 10:00 AM tomorrow and will be unable to attend the luncheon. attend.  Messrs. Snyder, Cooper and Cook are free to  Should Mr. Carlock be unable to attend,  Mr. MacLaury has suggested that we ask Mr. Weidenbaum .aute to fill in. The men have all first and then g) with the paper,Qent been provided (those who are goin• by Bob Holldnd for discussion during lunch. (147-201)  - 2 -  Messages for Mr. Volcker  Tuesday, March 36, 1971  11:00 AM - Mr. Don Metcalf called from New York and asked to talk with you when you are free.  (He said it was strictly a personal call -  and didn't want to talk with anyone else.)  He said he had been  referred to you by Til Gaines - and it was a situation that he would prefer not to disclose at this moment.dMr. Metcalf said he could be reached in New York at 661-7725 until 2:30 p.m. this afternoon.  I had told him you were testifying on the Hill and  unavailable.  Should you not be able to call him by 2:30 p.m.,  Mr. Metcalf will call again tomorrow.1 12:45 PM - Mr. Cross stopped by and said Amb. Schaetzel wanted to see you sometime.  Schaetzel will be here all this week and will  be back again next week for the Malfatti visit.  Since he  will probably be pretty well tied up accompanying Malfatti around next week, Mr. Cross thought perhaps this week might be a better time for Schaetzel to see you. up for Friday afternoon? YES NO  Is it OK to set  Messages for Mr. Volcker  - 3 -  Tuesday, March 30, 1971  1:30 PM - Mr. Cole stopped by to inquire whether you had had an opportunity copy of the to read the/memo addressed to John Martin of the Ways and Means on IET Corninittee/which he had left last night. He said he thought he would send the memo to Mr. Martin about 3:00 p.m. this afternoon unless he heard from you to the contrary.  He will be at the State  Department until 3:00 p.m. and can be reached through his office. (5046) MacLaury is meeting with the Treasury Financing Group and Mr. Rustad at 4:00 p.m. this afternoon - to discuss extending the maturity on E & H bonds and Freedom Shares. he might come  He asked whether  nS talk with you about this at 4:30 p.m. (followirg  the 4:00 p.m. meeting).  I told Lorraine we had noted a 4:30 p.m,  meeting on your calendar which Mr. Petty had arranged with the Secy. (review of issues...multilateral aid) - which you have been invited to attend. NOTE:  I checked Mr. MacLaury's calendar - and he is free from 4:30 p.m. on. Shall we suggest to Mr. MacLaury that he come in about 4:30 p.m. 5:30 p.m. - should you attend the/meeting in the Secy's, Conf. Room?  YES  NO  Tell Mr. MacLaury 4:30 p.m. is all right? (5848)  YES  NO  4  Messages for Mr. Volcker  Tuesday, March 30, 1971  2:00 PM - David Francis of the Christian Science Monitor called,  he  asked whether he might see you for one-half hour sometime. He would like to do a story on International Monetary Affairs and the Strength of the Dollar - either on-the-record, or on a background basis -- but preferably on-the-record. I told Mr. Francis that we would give you the message and call back, Do you wish to see Mr, Francis?  YES  NO  If yes, shall we arrange a convenient time during the week of April 12, which is comparatively free except for the OPIC Board meeting on Tuesday, April 13?  YES  NO  2:15 PM - Bill Magruder, Head of the SST Development Program for Transportation, called.  He asked that his call be returned.  (His secretary said he particularly wanted to talk with you.) (426-8483) 3:25 PM - Mr. MacLaury called.  He referred to the Secretary departure  for San Clemente sometime tomorrow, and said there were two things he particularly wanted the Secretary to see before he left: (1)  The letter to Postmaster General Blount re the Post Office financing; and  (2)  The transmitti letter on Treasury's legislation for the Federal Financing Bank.  Messages for Mr. Volcker  - 5 -  Tuesday, March 30, 1971  to you 2:45 PM - Mr. Gannon's secretary called to extend an invitation in the Executive Chamber of the Madison to the Vermont Bankers Association reception/on April 1 (Thursday), at 6:00 p.m. -- stag.  The invitation had been  sent to the Secretary with the suggestion that he extend the invitation to his staff.  She explained that this was their  first trip to Washington and they were not familiar with the way to handle the invitation. On your calendar for Thursday, April 1;  You and Mrs. Volcker  have been invited to a reception by Congressman and Mrs. Daniel Floor for Gov. of Penna. and Mrs. Shapp, 7-9 PM at the Madison Hotel, Shall we tell Mr. Gannon's secretary you WILL WILL NOT tion.  attend the Vermont Bankers Assoc,recep-  (2446)  see 3:10 PM - Sam Cross has arranged for Amb.Schaetzel to come and you in your office at 4:30 on Friday, Apr. 2. be in Washington on 4:14 PM - Mr. Mackour said Leslie O'Brien will Thursday and Friday, April 22 - 23.  About the only time  on the the Secy. can see O'Brien those days is at 10:00 to see 22nd, so Mr. Mackour will try to schedule O'Brien we put the Secy. then and you at 10:45 and suggested that a hold on your cal. from 10:00 to about 11:30 that day. On cal.  Messages for Mr. Volcker  - 6 -  Tuesday, March 341, 1971  5:40 PM - Mr. Hirschtritt has arranged for a meeting in your office for 5:00 p.m. tomorrow (Wednesday) with Mr. Betts and Roy U.S. Englert on the question of the/Executive Directors' pension rights in the U.S. Government.  (Mr. Englert i s office will  provide a copy of the draft Treasury Order which he is about to issue and which has gone to Mr. Betts for review) ON CAL. 5:50 PM - Mr. Nelson called,  He has drafts on three things:  Response to  Austrian cable; German gold, sale of ExIm paper to Swiss. He is standing by.  Messages for Mr. Volcker  - 1 -  March 29, 1971  9:50 AM - Gov. Daane called and would like you to call him,,  147 - 211  9:50 AM - Mr. Betts' office called toask if you 'd like to lunch in Secy's dining room today.  Explained you weren't feeling  well and we didn't know when you'd be in; suggested they put you down as not attending and we'd let them know if you change your mind. 12:55 PM - Peter Peterson called and talked to me in your absence. Said he had talked with you and with the Secy. about the President's approval and desire"to hav e a group of us review the B/P strategy and intl. moneta ry policy questions." He was trying to set a time when a group could sit down for two h hours and do that -- with Mr. Volcker, somebody from the Shultz's office, Fed, CEA,/and Fred Bergsten. He asked about your calendar on Wednesday morning.  I did not know what to do but to tel l  him it was clear at the moment and he is going to schedule such a meeting at 9:00 AM in his off ice, Rm  134, EOB.  He said he would try to get a memo out to the participants tomorrow morning.  He said he has to meet with the Pre sident  the early part of next week and wan ts to be able to report to him that something has been sta rted on this. I informed Mr. MacLaury about this and he said he would inform the Secy. and Mr  Petty.  Messages for Mr. Volcker  - 2 -  March 29, 1971  4:10 PM - Sam Cross said State had been trying to draft a lett er to Dr. Schmitz, of the Austrian Natl. Bank, in response to a letter Schmitz had written Samuels about Austrian memb ership in WP-3.  State decided to wait until after last week's  WP-3 meeting, thinking that van Lennep might discuss this with you and they might then have a better basis for resp onding State is now asking if van Lennep did discuss with you and if you have any intelligence for them to help in draf ting the Samuels' reply to Schmitz.  4  Messages for Mr. Volcker  1  Tues.-Fri,, March 23-26,1971  Tuesday, March 23 4:15 PM - Edward P. Bernstein called to invite you to lundlwith him and Robert Uhlin, who is Chief Economist of Mobile Oil -on Thursday, April 1, at 1:00 p.m., at the Cosmos Club, On your calendar for April 1:  Treasury Consultants to meet;  Sandwich lunch about 1:00 p.m0 in room 4125. Do you wish to ACCEPT  REGRET  Mr. Bernstein's invitation?  (Phone: 296-2262)  4:45 PM - Mr. Costanzo's secretary called to extend an invitation to (U.S. Dir., IDB)you to attend a luncheon on Thursday, April 8th, at 1:00 p.m. at the Bank's Dining Room, 808 - 17th Ste, N.W, (12th Floor) to meet the new President, Ortiz Mena. Treasury will be Mr. Henessy; from State:  Attending from Assistant Secy.  for Inter-American Affairs, Chas. Meyer, and Asst. Secy, Trezise; also Messrs. Dale and Weiczorowski.  This is a weekly  Board Luncheon - usually attended by the other Executive Directors of the Bank - and some of the top management at Bank.  Your calendar is clear. ACCEPT REGRET  RSVP: (Sally Strain - 128-6908) 4:50 PM - Lee Cohen, Washington Star, called.  He wondered whether he  might come in to see you sometime this week to talk about international and domestic matters in general.  I told him cont'd/2  - 2 -  Messages for Mr. Volcker  Tues.-Fri.,Mar.23-26,1971  Tuesday, March 23 - cont'd. (Lee Cohen) you were out of the city and asked whether I might call him on your return.  He said anytime next week, convenient for  you, would be fine. Shall we arrange an appointment for Mr. Cohen? YES NO OTHER If yes, is it all right to give him a late afternoon appointment on Tuesday, March 30?  4:00 PM X  (Mr. Cohen - Li. 3-5000 - Ext. 449.)  Wednesday, March 24, 1971 10:45 AM - Henry Costanzo called.  He was told you were expected to morning return to the office on Monday/mifirvit - and asked that his  call be returned when you are back©  His secretary said he  wanted to talk with you about the luncheon for President Mena planned for April 8th (details on page 1 of this message sheet).  --(128-6908)  11:20 AM - Hans Widenmann called from New York. ferred to Mr. Petty.  His call was trans-  Tues.-Fri.,March 23-26,1971  - 3 -  Messages for Mr. Volcker  Wednesday, March 24 cont'd. 2:30 PM - Mr. Betts called and asked that you be informed of the award ceremoney for Ambassador Kennedy in the Secretary's office tomorrow (Thursday-March 25).  Mr. Kennedy is receivin  the Alexander Hamilton award, Thursday, March 25 1:30 PM - James Cooper of Irving Trust Co., NYC, called, concerning $5.00 annual dues your cancellation of membership (non-resident) in the Downtown Economists Luncheon Group.  He hoped you would con-  sider becoming an Associate Member ($10.00 annual dues) which is open to those past members who had been active in the organization but who are unable to attend on a regular basis because of relocation, etc0 and who could at some time become or remaining a non-resident member0 a regular member again/. The Associate Member has no responsibilities or obligations and can attend meetings whenever he is able to or would like to attend, and can bring guests.  (The non-resident member is not eligible for any-  thing, except to attend luncheons when he is in town; he can go from non-resident to active member on return to N.Y area.)  I told him you would be informed of his call and  would let him should you reconsider remaining a non-resident member or becoming an Associate member in the Downtown Economists' Luncheon Group. cellation?  YES  NO  Shall we confirm your can(AC 212-487-6416)  •  Messages for Mr. Volcker  - 4 -  10:20 AM - Mr. Deming called from New York.  Tues.-Fri.,Mar.23-26,191  He said he will try to  reach you at home sometime over the weekend. NOTE:  Mr. MacLaury's office alerted us that you were to testify on insurance on Govt. securities on next Tuesday and said Mr. Carlock had details.  Mr. Carlock said you were to testify  at 10:00 AM on Tuesday before the Subcommittee on Legal and Monetary Affairs of the House Government Operations Cmte. in Room 2247, Rayburn HOB.  Mr. Carlock said he had talked to  Cong. John Monagan, of Conn., who is Chairman of the Subcmte.,k to Sam Steiger, of Ariz., the ranking Minority member, who is also Mr. Carlock's Congressman, and to the staff of the Subcmte.  They all understand the problem and Mr. Carlock  has resolved all the questions the staff had; therefore, the (he thinks only Monagan & Steiger may be at the hearing) hearing should go quickly/-- both Monagan and Steiger wanted to get something on the record.  Hopefully, you will be back  in time to sit in when Secy. sees Amb. Schaetzel at 11:30 that morning.  Messrs. Carlock and MacLaury will have a draft  statement for you to look at over the weekend.  On cal.  11:45 AM - Mr. Petty called and said he, Bob Cole, and Mr. Patrick would like to see you at 9:30 Monday on the JET, which will be going to vote on the Senate Floor the middle of the day.  They will have an envelope to send to you  at the Airport but wanted to feel your pulse on floor tactics on Monday morning.  Cal. clear; on cal,  Messages for Mr. Volcker  _ 5  Tues.-Fri.,Mar. 26-29,1971  3:00 PM - Ellen Maloney of Industrial Nations has advised us that the Secretary is seeing the Netherlands Ambassador to the U. S. on Monday at 3:30 p.m.,(His Excellency Baron Rijnhard B. van Lynden) in his office.  This is a courtesy call, and you  have been invited to attend.  (A briefing paper will be sent.)  CAL. NOTED. 4:00 PM -  Wm. McChesney Martin (who was waiting outside of the Secretary'reception room) asked about you.  I told him you were due back  in Treasury in about an hour - and he says hello. 4:10 PM -  Fred Smith stopped by to say hello and said to tell you he had asked after you.  4:25 PM - Mr. Hirschtritt's secy called and said he wanted you to know that there will be a meeting in Dr. Walker's office at 4:45 PM on Monday, March 29, on the question of IDB Bank loans to staff personnel.  Mr. Hirschtritt is also informing  Messrs. Costanzo, Jim Smith, and Mr. Petty of this meeting. Noted on cal in case you wish to attend. 4:55 PM - Robert Baldwin of Morgan, Stanley & Co., NYC, called. call was transferred to Mr. MacLaury.  His  _ 1  Messages for Mr. Volcker  Monday, March 22, 1971  9:40 AM - Mr. Schweitzer's secretary called to extend an invitation from him to attend a luncheon he is giving in the Managing Director's Dining Room at the Fund for Secretary Connally, on Wednesday, April 7, at 1:00 p.m. Your calendar is clear -- except for the usual luncheon at the Fed Board.  It is all right to accept? YES NO  (Miss Delavine - 181-3057) 10:15 AM - Gene Birnbaum of Chase Manhattan called from New York to ask whether you would be free on either Monday or Tuesday of next week, March 29 or 30, for lunch.  He said his  plans for coming to Washington would be dependent on which day you were free.  Your calendar is clear on both days  for lunch. Shall we tell him you will lunch with him on Monday, March 29 Tuesday, March 30 OTHER (A,C. 212-652-8915) 10:35 AM -  Gov, Daane called.  He asked that his call be returned  as soon as you ar  ree.  (147-211)  Messages for Mr. Volcker  - 2  Monday, March 22, 1971  4:00 PM - Mr. Brumley's secretary called to extend an invitation to you and Mrs. Volcker to attend a premiere of the Treasury movie produced by Jack Webb - which is the pilot for the television series, starring David Janssen.  This is at 8:30 pm  on Wednesday, March 24ths, at the Motion Picture Association at 16th & I Sts., N.W. - entrance at corner of 16th and I. The pilot movie (T.V.series will be known as O'Hara, U.S. Treasury Agent) will deal with customs; the series will eventually deal with all aspects of Treasury law enforcement. This premiere showing is for top Treasury officials and wives, and Miss Cooper mentioned the Secretary, Dr. Walker, Mr.Petty, Mr. Rossides, etc. - and said she would give us a list of those accepting,  (About 40 are being invited.)  I checked  for further details about what might precede or follow this premiere movie -- and it evidently will just be an 8:30 p.m. movie with no embellishments, You will be in Paris on Wednesday evening, March 24th; but I asked whether I might extend the invitation to Mrs, Volcker whom they said would be welcome.  I mentioned this to  Mrs. Volcker -- and she indicated she possibly would be interested and would get in touch with Mrs. Rossides before accepting or regretting.  (Miss Cooper - 5252)  Messages for Mr‘ Volcker  5:10 PM - 1,4/% Roosa called.  - 3 -  Monday, March 22, 1971  He asked whether he might interrupt for  just a quick word -- and I explained that it was someone from the White House who was with you.  He asked that you  be given the message that he had just written the Secretary a letter (being mailed today) to propose that he speak to the Economic Club of New York on Wednesday evening, April 28th (reception at 6:00 p.m. - dinner at 7:00 p.m.). He said he well knows this is just after the Financing Committees had met and the subsequent financing announcement, but he thought this was a very good time for the Secretary to speak to the Economic Club, -- Mr. Roosa is anxious to talk with you about putting in a good word with the Secntary. I explained that it was unlikely that you could call him this afternoon - and asked whether you might talk with him at his home this evening.  He said he expected to be home  by 8:00 p.m. (Mr. Roosa's home phone:  Messages for Mr. Volcker  - 1 -  March 19, 1971  11:00 AM - Mrs. Paskus in the Office of Protocol at State called to invite you and Mrs. Volcker to a luncheon the Secretary of State and Mrs. Rogers will be giving at 1:00 PM on Tuesday, April 6, in the John Quincy Adams Room at State in honor of the President of European Communities and Mrs. Malfatti.  This is the day that Canadian Finance  Minister Benson will be visiting the Treasury and the OASIA staff have prepared a memorandum to the Secy, recommending that he host a luncheon for Benson that day but the Secy. hasn't seen and acted on the memorandum, which also recommends that our staff propose to the Canadians that you and Mr. Petty and Mr. Cohen see Benson and the Canadians from 10:30 or 11:00 until 12:00 M, when the Secy will see him (Secy. has an 11:00 o'clock appointment that day expected to last an hour), then the Secy. host a 1:00 o'clock lunch and, after lunch, from 2:30 to 3:30 be held open for further discussion if either side wishes to do so. Sue Steiner, who handles EC matters, says Malfatti is here on an official visit -- he has never visited the U. S. since he took over as head of EC and was just married in December and is bringing his wife with him and they are going on from Washington to visit San Francisco and Honolulu as well. is expected he will cover the msmat current Common Market  It  Messages for Mr. Volcker  - 2 -  Friday, March 19, 1971  Mr. MacLaury is leaving for NYC at 12:00 noon today, fr  NOTE:  a meeting with Merrill, Lynch -- and will return to Washington sometime this evening.  (per his office).  Mr, Cole, Mr. Nolan and Mr. Patrick asked to see you at 0, (15 min.) .m./ today for a brief review of the JET matter.  12:25 PM -  (They have spoken with Dr. Woodworth.)  ON CAL.  Mr. Brumley called to askskow milk Janices age. He kmd  2:30 PM -  had gotten a call from a Congressman who is asking for nominees as Azalea queen  -- but the minimum age is  18. 2:10 PM -  1  Gov. Daane asked that we call when you have returned -(He is to meet with you in your office.)  •  - 3 -  Messages for Mr. Volcker  5:45 PM -4ZObert Solomon called.  Friday, March 19, 1971  He asked that his call be returned.  (147 - 238) NOTE: /Nancy 'L said Dr. Walker is now going to testify on EFA next Tuesday instead of the Secy. and, therefore, the briefing of the Secy. that had been scheduled for 9:30 Monday has been changed to a briefing of Dr. Walker at 11:30 on Monday in Dr, Walkers office, if you wish to participate. 6:30 PM  Mr. Hirschtritt read the memo to Mr. Shultz prepared by Mr. Bradfield and asked that you be given the following note: "I notice in the memorandum to Shultz that the Secretary of the Treasury is abdicating calling meetings of the pximEipiEsxx principals of the NAC. of his doing this.  I have serious doubts of the wisdom  It would not be very long before the  whole NAC machinery would wither away, unless he preserves his prerogative and does call meetings of the NAC  particular—  ly on multilateral organizational problems." (Note: Mr. Bradfield was in Mr. Hirschtritt's office when he called.)  Messages for Mr. Volcker  NOTE:  1  Thursday, March 18, 1971  Mr. Bradfield asked that you be reminded to call (OMB) Mr. Schlessinger/this morning re foreign assistance coordination.  Thursday, March 18, 1971  - 2 -  Messages for Mr. Volcker  1:20 PM - Mr. Cooper called to talk with you about lifting the ban on FHLBB'sselling Treasury bills, because the market is considerably improved.  He said he would call Mr. Carlock for his  ideas, since you were out. 1:25 FM - Sam Cross called about the luncheon Mr. van Lennep is giving next Wednesday in Paris (March 24 - WP-3), and said he had more information.  Apparently, one person is being invited  from the various delegations to lunch with the SecretaryGeneral, and Mr. Cooss said he wasn't entirely sure what the conversations would cover, but one subject is WP-3 membership. Apparently, this luncheon is being held partly because the Sir dinner/John Chadwick is hosting on the evening of the 24th will be bigger and somewhat more sociable because it is honoring Frank Figgures.  Weir Brown recommends that you  accept Mr. van Lennep's luncheon invitation. right to have Mr. Cross send your acceptance? YES NO (5081)  Is it all  F  Messages for Mt. Volcker  NOTE:  - 3 -  March 18, 1971  Oliver Jones' secy. called and said she had made a reservation for you and Mr. Jones to lunch at the Sans Souci at 1:00 PM; she suggested you meet there -- 726 -17th St., N. W.  She said  their office is just about half a block away from the Sans at Soucii 1707 H St., and she thought you could walk to their office after lunch for the taping, which should take about half an hour. NOTE:  I asked Mike Bradfield if he had ever given you his comments (and Carlock's) on the draft Notice of Proposed Rule Making on Recordkeeping and Reporting by Financial Institutions; he said he had done so at the Watanabe lunch and that I should remind you to talk to Judge Pierce if you have not already done so.  (It was Mr. Englert who asked you for comments on  the last draft.) 4:50 PM - Mr. Frechtling stopped by with the message on the Joint Economic Report to the effect that your suggestions were not adopted, but Congressman Blackburn wants to put these suggestions in form of footnotes.  ••• SW  in the  Mr. Frechtling is going to see Mr. Willis  now about getting started on this. NOTE:  Mr. Frechtling was reminded by Mr. Willis that you had the only copy of the changes - and he will need this to work with.  They will need the footnotes by noon tomorrow,  Friday, March 19.  1  Messages for Mr. Volcker  NOTE:  March 17, 1971  Page Nelson stopped by after you left last night hoping to see you and asked if he might see you sometime this morning. I put him down for 11:30.  He called this morning to say  that something more urgent had since developed this morning and he definitely needs to see you sometime this morning  ONO  MO  11:30 will be soon enough but he does need to see you. 10:30 PM - Mr. McCamey called and said they had gotten word indirectly via Templeman in Weir Brown's office that Mr. van Lennep in Paris wkiska wishes to invite you to lunch/on Wednesday, March 24; Templeman was not asked to extend a similar invitation to any other member of the U. S. delegations  Beyond that,  there were no other clues as to what the luncheon might be about_ or who else might be included. clear for lunch that day.  Your cal. is  Is it all right to say you  will accept? YES NO after he 12:45 PM - Mr. McCamey said they had talked to Weir Brawn gave me the above message and found that apparently van Lennep is sick and Weir had not been able to get any additional information about the lunch; he had the impression there was one man invited from each of several delegations but, beyond that, he knows not.  Messages for Mr. Volcker  2  March 17, 1971  12:25 PM - Nancy in Mr. MacLaury's office cal led and said the Secy's briefing for his hearing on EFA will be hel d at 9:30 AM Monday, March 22, in the Secy's Conferenc e Room, and you are invited if you wish to participate.  Will note on cal.  just in case. 1:35 PM - Mr. Frechtling on NOTE:  phone,  apped by. (2471)  •  He woul 0 prrfli-frA  to talk with you by Mr.Frechtling  Mr. Hirschtritt stopped by this morning and wou ld like to see you for 10 or 15 minutes about personnel pro blems in the intl. institutions.  REMINDER:  You wanted to phone Ed Dale when you returned from lunch. 293-3100  2:45 PM -  Message from Secretary's Operator:  There will be an 8:45 a.m.  full staff meeting in Room 4426 on Friday, Mar ch 19. (ON CAL.)  - 3 -  Messages for Mr. Volcker  Wednesday, March 17, 1971  Mr. von der Weidt of the Bank of Brussels, New York, called frS m New York to say that their Chairman, Louis Camu,will be in Washington on Tuesday and Wednesday of next week, March 23 - 24, and would like to visit with you -- a courtesy visit.  He is seeing the Secretary on Monday °  He said any-  time Tuesday afternoon would be all right; Mr. Camu is free inquired as to y. / I had after a luncheon engagement on . whether he miaht Tuesd• no, since ir was a pvrso /someone else, and the answer was ca i./ The FNMA Board is meeting from 9:3-5-a.m. on the 23rd; yS u are scheduled to attend a Senate Finance Cmte. Executive Session on IET at 10:00 a.m., which Mr. Cole's secretary doesn't think likely to go into a resumed session in the afternoon. -- You will be leaving Treasury approx. 4:30 p.m. to depart for Paris from Dulles at 5:45 p.m. If you attend the FNMA Board meeting (following the Sen.Fin. CmteoExec.Session) through lunch -- to return to your office about 2:00 pm, is it all right to suggest that Mr. Camu drop by just to say hello  (or) shall we express  your regret because of your tight schedule. vg NItuOTE:  YES  iximmEmitxpiaiRmoix  NO  I had told Mr. \Ten der Weidt that you were appearing before a Committee on the Hill  and would•leave Wash.  about 4:30 p.m. on Tuesday afternoon Wednesday, the 24tho  cont'd/p.4  Messages for Mr. Volcker  - 4 -  Wednesday, March 17,1971  Louis Camu - con t d. I called the Secretary's office and learned that Mr. Camu has an appointment with him at 3:30 p.m. Mondayofor  hr.  I learned from Mr0 van der Weidt that his next appointment is 6:30 p.m0 at the World Bank. clear at 4:00 p.m0 and after.  Your calendar is presently  Is it all right to suggest  to Mr0 vaa der Weidt that he mention to Mr. Cam u that you will be better able to see him right after his a with the Secretary for a few minutes? Mr. van der Weidt hoped to hear fro  YES b  ointment  j\TO 7/"". ,z ,_ __ --tx--r -e--,t, , ,see .;  ore  :30 a.  tomorrow morning (Thursday) since Mr, Camu will be callim: from Buxxx Brussels0 him at 10:30 a.m./ -2l2-WH-4-6295). Cole called with a message about the possibility of a longer session on the IET on the mornin g of the 23rd, following my inquiry as to the possibility of an afternoon recall. He said that Senator Long has started to raise a number of important key issues and this year, for the first time take a bit longer,  it may  Sen. Long is sgoing to suggest that  (1) the IET be made applicable to the short-term debt; and (2) to increase the direct invest ment minimum from 10 percent to 25 percent. -- Consequently, the Executive Session may not be over until 12:30 p.m. or 1:00 p.m. on Tuesday.  Wednesday, March 17,1971  Messages for Mr. Volcker  could 5:39 PM - Mr. Bradfield asked whether he/stop by at 6:30 p.m. this , ? evening to tä1k about Development Assistance legislation if you were still here.  Is it all right to tell him that  will be here and will see him? _____------YES  NOTE:,  NO  - Mr. Roosa called while you were at the Fed this afternoon. H  ancelled the call when he learned you were out of the  building and said he would call again, since he would be in and out of his office. 6:25 PM - Mr. Cooper called.  He just saw the article on financing in  today's American Banker which said the same thing as the Washington Post (but in a very refined way).  The heading:  "Treasury Funding Seen Move to Boost Bill Rates‘" a line from Also - he read/the second paragraph which said: "The move was viewed as an attempt to reverse the deterioration of bill rates which has taken place in the past two months." Mr. Cooper also called your attention to the  fact that  at 3:15 p.m. Treasury bills were up only about 15 basis points, but the last hour of trading they rose some more so that they closed up about 20 basis points.  dAff),  NOTE:  I've switched your lunch and taping session with Oliver Jones from Thurs. to Friday this week.  NOTE:  March 16, 1971  - 1 -  Messages for Mr. Volcker  On cal.  4,4  A4'  Jim Rogers, of American Security, called on behalf of Joe Barr and said the former Secys of Treasury are having a black tie dinner for Secy. Connally at 8:00 PM on Wed., Apr. 7, at the and Mrs. Volcker if you F St. Club and Mr. Barr would like to have you/attend can.  Cal. clear.  OK to accept?  (624-4128)  YES NO 12:30 PM - Jim Smith's secy called & said she had a note to let you know that Chrm. Mills has successfully sought a unanimous consent procedure for the House to consider the Conference Report on the debt ceiling and social security; the House is currently in the process of a yea and nay vote which is certain to pass, and it is then the intention of the Senate to take up the Conference Report this afternoon. It later came over the ticker that the House passed the bill.  Messages for Mr. Volcker  - 2 -  Tuesday, March 16, 1971  4.10 PM - James Rogers of American Security and Trust called again to ask whether he had made clear in his invitation earlier today (on behalf of Mr. Barr) that the invitation to the (at which Mrs. Connally will be) Black Tie Dinner for Secretary Connally/at 8:00 porno on Wednesday, April 7 - at the F Street Club - was to inclu de Mrs. Volcker.  We had  accepted for you0  Is it all right  to tell Mr. Rogers Mrs. Volcker will also attend? YES  NO  1.J0Kie1miodkAimxkw4mwMxmmwmxicmgxitxtimixxximmegmtaalmmacm±kat kmakuckmAdmscx>eotockodammxX NOTE:  (624-4128)  Is it okay to arrange usual lunch at Fed. Board tomorrow, even though Chrm. Burns won't be there? YES NO  6:05 PM - Mr  Petty wanted to see you; said he had to leave shortly  because he was having Watanabe to dinner at his home and asked that we call Mr. Pelikan when you return; Mr. Pelikan will have what they want to get up to the Secy. on paragraphs 1 and 3 of CIEP Study Memo, 1 first thing in the morning, 6:30 PM - Mrs. Volcker called & wondered whether you intended going to the ABA reception (6:00 to 8:00) at the Washington Hilton and whether you remembered that you and she were to meet  5617  •  Messages for Mr. Volcker  - 3 -  March 16, 1971  the Manns at Paul Young's Restaurant, 1120 Conn. Ave., at 8:00 for dinner.  She said to tell you she is ready!  6:35 PM - John Nolan called and asked if he and Mr. Cole and Patrick might have ten or fifteen minutes with you tomorrow morning. Told him you had some Germans coming at 10:00 but suggested 9:30, assuming Secy's Staff is over by then.  Mr. Nolan said  he be at Secy's Staff and would come on down to your office with you when it was over.  On cal.  Messages for Mr. Volcker  - 1 -  March 15, 1971  9:50 AM - Mr. Fred Deming, Sr., called and woul d like you to call him.  NYC - 422-12  Call Back Operator 6.  9:35 AM - Mr. MacLaury has scheduled a meeting of the Financing Group in your office for 2:45 p3m. this afternoon,  ON CAL.  10:15 AM - Mr. McCracken's of secy. called to ask if you were free to lunch with him today; I explained you were attendin g a lunch t State for Mr. Watanabe.  She asked what the possibilities  were of his getting together with you some other time during the day if he wished to do so; I explained you were on the Hill testifying on IET and had the lunch at Stat e at 1:00 and a 3:30 meeting which would last unti l yolkad to leave for the Hill for a session with a Congressman at  \5:30,  I said the likeliest possibilities might be before  4Knch, if you got back in time, or after lunch, if you got back in time before the 3:30.  AA,y4r  She said she would call me  back if Mr. McCracken wanted to see you sometime during the day but so far (12:00 noon) has not called,  NOTE;  Coar said they have moved the lunch for Watanabe forward to start serving drinks at 12:30; this means leav ing Treasury about 12:15, since the Monocle Restaurant is near the Capitol. If you were to see Watanabe at 11:30 you would have 45 minutes; is this enough time?  Messages for Mr. Volcker Governor Daane called.  - 2 -  Monday, March 15, 1971  He asked that his call  eaed  (147-211) 1:30 PM - Ed Rendall called to say that the Secretary was seexing the Yugoslav Ambassador to the U.S. Crnobrnja at 4:15 p.m, on Wednesday, March 17, and asked whether you were should the Secretary want you to sit in.  as to attend  I told him you had  the WP-3 Delegation (U.S,) meeting with you at 4:00 p.m. on Wednesday.  Mr. Rendall said that while this was just a courtesy  call and there won't be any final determination of anyting, he thou• ght you should know that the visit has somewhat more significance because the Yugoslays •are  •curently asking for B. large  balance of payments assistance ($120 million), and undoubtedly the Ambassador will mention this in general terms.  Mr. Rendall  great White House interest in this, said there was • •••••  il=•1  He also said the Ambassador probably would•be alone, since us uau.s, it is/his preference that no one else from the Embassy accompany him; also, Mr. Rendall will be the reporting officer. I suggested that he send you •a copy of the •briefing material which is to go to the Secretary; and also that he ask Rose C. for the time of the next appointment on the Secretary's calendar to judgpthe time he has given the Ambassador 9 so that we might note this on your calendar.  (Cal. Noted)  Messages for Dift.  Volcker  - 3 -  Monday, March 15, 1971  a time con2:25 PM - Bill Ross, FNMA, called to check your calendar for go venient to you, when he, Mr. Carlock and Mr. MacLaury could over FNMA financing plans for the next year or two.  He said  the subject was talked about several weeks ago, at which time mention was made of a follow up meeting.  He asked about  Thursday afternoon - and I told him I would put a "hold" on 4:00 p.m., subject to your confirmation Q -- You are lunching with Oliver Jones of Mortgage Bankers Assoc. at 1:00 p.m. - to be followed by a taping at the MBA office of a discussion of monetary policy and debrmanagement for Am. Univ. radio show. Is it all right to ancim confirm 4:00 p.m. with Mr. Ross? YES NO (9-293-6066) he had 4:30 PM - Gov. Daane called and said just to tell you 7 e -" 7 called. available, 4:50 PM - Mr. Holmes called and, when you were not asked to be transferred to Mr. Carlock. NOTE:  Jerry Newman said Secy. approved seeing Benson and, after  v il  At ' checking calendars, Mr. Newman found Tues., Apr. 6, clear for ir Secy., you, and Mr. Petty; he will ask the Canadians to find / 1 4 will 'A out if this date is suitable for Benson. In meantime, we n hold all day, Apr. 6th, clear on your cal. for possible Benso visit.  jji  Messages for Mr. Volcker  - 4 -  Monday, March 15, 1971  FYI 3:45 PM - Paul Cowan, reporter with the Village Voic e, a weekly newspaper in New York City with a circulation of about 200,000, called with reference to the OPIC Board meeting held a week ago (March 8).  He said he had talked to a number of people abou t  the subject of who would insure the off-shore oil drilling at Vietnam if it takes place, and has gotten slig htly different versions of what had been discussed.  I asked him with whom he  had talked, and he said that each of those interviewed was off-the-record -- and the person who had told him the most didn't want his name mentioned.  I asked about his newspaper, and  he said it was a widely read newspaper in New York and covered a wide variety of subjects.  He said further, in answer to my  question as to the source of his informat ion on the OPIC Board meeting, that he had read about this in an article about a week ago which mentioned the story about oil off of Vietnam. -- Mr. Cowan indicated that he was going to be in Washington tomorrow morning (Tuesday, March 16), and that he probably would call in sometime tomorrow,  (His New York City phone  number is A,C. 212-WA -4-4669). -- On March 8, you appeand before the Senate Finance Committee with the Secretary, on th? debt ceiling and 4k/. interest rate; you attended the luncheon for Geoffrey Ripp on at State; and (cont'd/5)  on your return from the luncheon, we call ed OPIC to determine whether the Board was still in session and found that it had adjourned. Mr. Hennessy attended as an observer in your place,(  Messages foiMr. Volcker  Monday, March 15, 1971  - 5 -  Paul Cowan-OPIC BD. inquiry - cont'd.  -- I talked with Mrs. van Cleve amil in Bradford Mills' office who suggested that, should Mr. Cowan call again tomorrow, we refer him to Cecil Hunt, Deputy General Counsel at OPIC, who sits in on the Board meetings --(9-632-1766.) NOTE:  I called Ed Gordon and mentioned the call to him.  He  said Village Voice was a radical newspaper; also, that 1 there was a radical group in California which said the U. S. is interested in Vietnam because of the oil off the coast,  His suggestion had been to refer the  call to the Public Relations people at OPIC, but Mrs van Cleve thotght Mr. Hunt should handle it - and said she would alert him. at the 4:25 PM - Hans Widenmann called to confirm the dinner engagement Madison at 7:30 p.m. - he will meet you and Mrs. Volcker in the lobby of the Madison.  He also asked that we tell you that the  party has grown axiittiR - and would be in a little private dining room at the Madison.  Mr. and Mrs. Milton Gilbert will  join the party. 4:30 PM - Governor Daane called.  He didn't want to interrupt and said he  would talk to you this evening.  Messages for Mr. Volcker  1  9:10 AM - George Shultz called.  Friday, March 12, 1971  I asked that he be given the message  that you were in a Staff meeting - and he asked that his call be returned.  (145-0)  9:40 AM - Secretary Romney called.  I asked the operator to tell him  you were away from four office and Mr. Romney asked that you call.  (145-0)  9:50 AM - John Nolan called.  He asked that his call be returned. 5561  9:55 AM - Rose C. called to say that the White House is asking for the name of the Treasury attendee at the NSC Under Secretaries' meeting on NSSM-106 (U.S.-China klicy) at ii2Axpxxx 3:45 pm this afternoon  and wondered whether this had been decided  so that she can let them know.  - 2 -  Messages for Mr. Volcker  Friday, March 12, 1971  10:00 AM - Mr. McCamey's secretary has informed us that the U.S.Delegaat 4:00 p.m0 tion to WP-3 will meet in Room 4125/on Wednesday, March 17. ON CAL. 10:35 AM - Secy, Romney called while you were on the phone with Coombs and talked to me.  He said Mr. Hunter's absolute deadline  is the middle of next week on the printing of the Board of Directors for FNMA and he (Romney) was hopeful that Mr. Hunter and you and he could get together sometime before and discuss what he talked to you about this morning.  He suggested  late next Tues. afternoon and we have scheduled for 5.30 PM that day -- in Romney's office.  I informed  Mr. Englert,  thinking he might be doing something on this for you and he said you had discussed with him this morning and he thought you were prepared g to go along with whatever Romney decided and that he, Englert, was not doing anything further on this matter 1:50 PM - Dr. Wallich has scheduled a Treasury Consultants' meeting from 10:00 a.m. to 4:30 p.m. (with a sandwich lunch in room 4125) for Thursday, April 1, in Room 4121_ clear.  Your calendar is  ON CAL. -- The subject is Inflation.  Treasury 2:10 PM - Mr. Willis asked that we change the time fipr the Volcker Group meeting on Monday from 4:00 p.m to 3:30 p.m. CAL. NOTED.  •  Messages for Mr. Volcker  _ 3 _  Friday, March 12, 1971  3:40 PM - Mr. Smith called from the Hill and asked that you be given the bill message that the debt ceiling/has passed and will be going into Conference with the House on Monday. 3:50 FM - Mr. Houthakker returned your call. 4:40 FM - Mr. MacLaury called to say that he will have the Financing 76up standing by for your meeting, as you had asked, from ) 5:15 p.m.  I told him I would let him know as soon as the  present meeting was over.  5:30 PM - Mr. Houthakker called again.  He said he expects to be in his  office until 6:30 p.m. or 7:00 p.m. (He is returning your call.)  103-5046.  6:10 PM - Dr. Schmidt called and asked to see you for a few minutes tonight -- about the balance of payments pxot4R projection to be inserted in Secretary Connally's testimony on the SST -(which transcript was supposed to have been returned to the Hill this afternoon).  Senator Proxmire had asked the question  of the Secretary and the Secretary said he would have the information for him.  Dr. Schmidt said that he has a problem  with what the numbers come out to be.  (I told him you had a  meeting ging on at present and asked how late he would be here. He said until about 6:30 p.m. He has asked about seemn you on Monday morning instead, but I told him it probably would be bdtter this evening since you did have staff and the IET  Messages for Mr. Volcker  - 4 -  Friday, March 12, 1971  6:20 PM - Mr. Nolan called to inquire as to whether you were planning (Saturday) on being here in Treasury tomorrow/-- and, if so, can he and Mr. Patrick see you at 10:00 a.m. (or thereafter) to discuss IET. (He expects to be in his office until 7:0 5561.  Shall we tell him you WILL  tonight.) WILL NOT  be here? OTHER  raz, a_Le  -7777-  Messages for Mr. Volcker  - I -  March 11, 1971  9:35 AM - Gov. Daane called and would lik e you to cell him.  His secy.  said he is leaving to go to NY at noo n and can be called out of the Board meeting whenever you call, if you are able to do so before noon.  (I warned you had a tight schedule  this morning.) 10:35 AM - Mr. Kearns called to invite you to attend the signing of the agreement today between PEFCO and the ExImBa nk -- in Room 1210, at 4:00 p.m. -- at the Bank, 811 Vermon t Ave., NW, (12th Floor).  linentioned the possibility of a 3:45 p.m .  White House meeting for you today - and tol d Mrs. Tenbrook, his secretary, that I would call her to say whether or not you were free to attend. WILL BE UNABLE  Shall I day you WILL to attend the signing?  (128-21131) 9:50 1‘M - Dr. Walker stopped by to see you and asked that we call him when you return -- he would like to speak to you.  2801  10:45 AM - Mrs. Volcker said she had planne d on hitching a ride to the National with the Okuns tonight but fin ds they will already be downtown so she asked if Mr. Mor row could possibly pick her up at the house at 7:00 to drive her to the National. I told her I was sure this would be fine.  Mr. Morrow will  let us know when he gets back to Treasury after delivering Mrs. Volcker to the National.  The show starts at 7:30 PM.  Messages for Mr. Volcker  - 2 -  Thursday, March 11,1971  11:35 AM - Rose Cicala called to say that the Secretary will stop back by his own office after his 11:45 a.m. meeting - and Rose will call when he does so that you and Mr. MacLaury might come in to see him. Ode will notify Mr. MacLaury when Rose calls to say he is back.) NOTE: Mr. MacLaury is leaving Treasury at 12:45 p.m. to attend a SIPC meeting -- and will return about 3:00 pm. 1:40 PM - Mr. Bray's secretary has informed me that the Under Secys' mtg. scheduled for 3:45 p.m. this afternoon at the White House has been postponed until tomorrow (Friday, March 12) at 3:45 p.m. (Cal. Noted)  D. 2:20 PM - Congressman Wm. J. Randall/(Mo.)  - His secretary ealled to  say that the Congressman was calling you at the suggestion of John Martin (Counsel on the Ways & Means Committee).  Mr.Randall  wanted somebody to give him a briefing on the subject of Eurodollars and the devaluation of our dollars. The Congressman tomorrow, Friday (Mar.12). is free at 12:00 noon or 12:30 p.m./ I told Mrs. Mitchell we would refer the Emil message to you on your return and would be in touch with her.  (180-2876) Mr. Randall ;is on the  Subcmte. ofxkke on Foreign Operations and Govt. Information of the House Cmte. on Govt. Operations.  Mr. Ranta tells me  that House Cmte. can investigate just about anything involving Govt. operations that it takes a mind to, but he didn't know just what the Subcmte. does.  Messages for Mr. Volcker  3:50 PM - Robert Roosa called.  Thursday, March 11,1971  He asked that his call be returned.  He expects to be in his office until 5:30 p.m. or later. (A.C. 212-483-1818; after 5:30 p.m., 483-1836. 4:05 PM - Mr. Bergsten called.  He asked that his call be returned.  (He expects to be in his office until about 6:30 p.m.) (103-5026)  Messages for Mr. Volcker  - 4 -  March 11, 1971  4:45 PM - Messrs. Bross and McCamey would like to schedule a meeting of the U. S. del. to WP-3 and suggested 4:00 FM on Wednesday when they expect to have their papers ready. clear on your cal.  That time is  OK to schedule then? YES NO  5:00 PM - Bill Dale called.  He asked that his call be returned.  (Will be in his office until about 6:30 p.m.) - 181-3067. 5:05 PM - Mr. MacLaury is back and will come in when you are ready to see him.  Messages for Mr. Volcker  9:20 AM -  Wednesday, March 10, 1971  1  Chairman Burns (depending on the time of his return from the Hill where he is testifying before the Senate Banking, Housing and Urban Affairs Commitee on the State of the National Economy at 10:00 a.m. this morning) - or Governor Robertson will hat the Fed lunch today0  Is it all right to say you will attend? YES NO  (Messrs. MacLaury, Cooper, Cook - and pacomilimiy Mr. Auten are free to attend()) 9:30 AM -  -- 147-201  The Secretary's Operator called. Secretary Connally and (until noon) Dr. Walker/will both be away on Friday, March 12. You will until noon - when Dr, Waller re-MI-us be Acting Secretary/- and do you wish to hold the tull Staff meeting in Room 4426 at 8:45 a.m.? YES NO  ••'"."(-'  Messages for Mr. Volcker  - 2 -  Wednesday, March 10, 1971  10:00 AM - John Larkin of the First National City Bank of New York called He asked that his call be returned.  (A.C. 212-825-6311)  1:30 PM - Mr. Jurich's secretary called with the message that Dr. Kissinger's staff had informed her of a 3:45 p.m. meeting tomorrow (Thursday, March 11) on NSSM-106: U.S. & China Policy -- to be held in the Situation Room, West Basement of the White House, and which will be chaired by Dr. Kissinger. This meeting in on the Under Secntary level. Since both Mr. Jurich and Mr. McGinnis are away, Mr. Bray, NSC adviser to Mr. Jurich,is in charge. She said that Mr.Petty, in Mr. Jurich's absence, /had attended a similar meeting on the same subject yester••/•  day at 4:00 p.m. at the White House, on a Senior Review Group level which Mr. Jurich would normally attend. Mrs. Reed called to ask that we put a "hold" on your calendar for 3:45 p.m. tomorrow.- I spoke with Mr. Bray, who said he will be in touch with Mr. Petty for a briefing andxh on the substance of the meeting yesterday, and he thought both he to and Mr. Petty should see you Inxbaukpromd/brief you for your possible attendance tomorrow, should you decide to go. I told Mr. Bray I would call when you were able to see them this afternoon. (He had checked out 4:30 p.m. with Mr. Petty who is free at that time.)  Your calendar has been tentatively  noted for 4:30 p.m. (or later) for Mr. Petty and Mr. Bray. -- Mr. Bray will bring all the background material.  7  Messages for Mr. Volcker  - 3 -  March 10, 1971  3:20 PM - Gov. Daane called and would like you to call him. 3:30 PM - Mr. MacLaury called and said he had been told the banks (he assumes Bankers Trust and Bank of America, but isn't sure) are coming in to see Secy. on Lockheed at 9:15 AM tomorrow and that he assumes Haughton of Lockheed will be with them--he was told that Haughton plans to be ;with them. The Secy. in the past has been asking MacLaury to come in as recording secretary, but MacLaury wonders if on this one you might not want to sit in; also MacLaury may have a conflict -- there may be a 10:00 AM meeting tomorrow of the Broker-Deaker group on the possible bankruptcy. Your cal. is clear; shall we tell Mr. MacLaury that: You will attend You will attend if he has a conflict; otherwise he should attend  4:15 PM - Mr. MacLaury called.  He would like to talk with you as  soon as possible after your return from the Secretary's briefing.  Messages for Mr. Volcker  - 1 -  Tuesday, March 9, 1971  dar for a meeting 4:30 PM - Mr. Schaffner called to check your calen in this week on "Inward Direct Investment" -- to be held Nolan, your office -- with Messrs. Petty, Schaffner, Cole, Patrick and Webster attending. on Friday, March 12.  He has asked for 3:30 p.m.  Your calendar is clear.  Is it all  right to confirm? YES NO -- Mr. Schaffner has a background paper which he will disPaper is attached, for the Secretary 4:35 PM - Alan Wade called to say that a briefing session/has been 2:30 p.m. on Wednesday, March 10, for set up fon/his live broadcast on Sunday, March 14, on tribute.  (2386)  "Meet the Press" -- which will cover the broad scope of Treasury operations - in the Secretary's Conference Room. Attending:  Messrs, Volcker, Walker, Cohen, Weidenbaum,  Brumley, and Mr. Greener of Public Affairs, IRS, ON CAL, -- Mr. Wade is going to have a full set of the questions and answers for you in the morning.  Messages for Mr. Voicker  - 1 -  Monday, March 8, 1971  asked to talk with 10:30 AM - Mr. KashiwAIL called from Paris and ilable. Mr. Petty when he learned you were not ava  His call  was transferred. ut the testimony for 10:40 AM - Dr. Wallich called with a question abo the SST hearing on Wednesday, March 10. Mr. Curtis.  He was referred to  - 2 -  Messages for Mr. Volcker  Monday, March 8, 1971  e Finance Committee is 2:30 PM - Mr. Cole called to say that the Senat March 18, considering both Wednesday, March 17 and Thursday, hold on 10:00 for its hearing on LET and asked that we put a a.m. on each day. is set.  (ON  He will advise as soon as the hearing date  L.)  2:45 PM - Mr. Pelikan Allotereferred to the attached ticker items re  4:00 PM - I have given Messrs. MacLaury, Snyder and Cook 4:30 p.m. - to discuss mortgage -backed bonds.  ON CAL.  Messages for Mr. Volcker  9:30 AM - Peter Peterson called.  _ 1  Friday, March 5, 1971  He asked that his call be returned.  at 10:30 pm (His secretary said he would be going into a meeting which probably would last through lunch.) (145-01 he and Bob Bean 10:30 AM - Mr. McGinnis' office called to say that if would like to see you this afternoon after 3:00 or, et. that is not possible, on Monday, on the German offs some They are leaving Monday night for Europe and need guidance from you before they leave. this afternoon.  I suggested 3:30  Messages for Mr. Volcker  Friday, March 5, 1971  - 2 -  York, called. 4:30 FM - John Larkin of the First National City Bank, New He asked that his call be returned.  (His secretary said he  probably would be leaving his office about 4:45 p.m. this afternoon.)  A. C. 212-825-6311  the Secretary's briefing 5:00 FM -Tom Wolfe stopped by to say that is now scheduled for the SST hearing (on Wednesday, March 10), Conference for 2:00 p.m. on Tuesday, March 9, in the Secretary's Roam.  Your calendar is clear.  CAL. NOTED.  attend. -- Messrs. Petty and Weidenbaum will also stopped by. 5:30 FM - Mr. Bradfield  to see you He said he would like  airways taxes. a bout the airport and  (8101)  Messages for Mr. Volcker  NOTE:  - 3 -  March 5, 1971  I find the Secy. has an 8:00 PM dinner in NYC but will be arriving at the airport at 6:00 and the secy's operator has the phone number of his hotel, where he can presumably be reached shortly after 6:30 or so.  Rose had already gone home  and the above was all the Secy's operator had. find 6:10 PM - Mr. MacLaury stopped by and would like to see you to out what you want to do on getting brought up to date on Rolls-Royce - Lockheed; Mr. MacLaury said he has all the material and will be working on it over the weekend, maybe at home but, if it is too voluminous, he may come to the office.  He also has some news for you on  Carlock's  visit with Congressman Hollifield on the question of insurance for Govt. securities.  Messages for Mr. Volcker  - 1 -  Thursday, March 4, 1971  10:50 AM - Henry Meers, of White, Weld & Company in Chicago, called. (His secretary was unable to say what it was he wanted to talk with you about.)  Mr. Meers asked that his call be  returned. -- Call back Operator No. 7 - Chicago. (A. C. 312-346-0022.) 11:20 AM - Mr. Wolfe called and said Lord Cromer is coming in to see the Secy. briefly Et 2:15 today on the Rolls Royce  =ID  Lockheed matter; the Secy. would like to have someone sit in and Mr. Wolfe wondered if you or Mr. MacLeury could do.  Mr. Wolfe said Cromer was in once before and Mr.  Weidenbaum sat in because he was the only person available but Weidenbaum isn't available at 2:15 today. 12:20 PM - Mr. Coombs called you; I told his secy. what your schedule was and asked when Mr. Coombs was leaving the Bank to go to Basle; the said he was leaving at 3:30 and, after checking with him, said he would talk to Mr. Nelson and ask Mr. Nelson to convey his thoughts to you. 1:35 FM - Rose Cicala called to say that the 3:30 p.m. briefing of the Secretary for the SST hearings has been cancelled. Mrs. Magruder, the SST expert from Commerce, whom,e the White House had asked to brief the Secretary, has had to go up to the Hill for hearings this moxxix afternoon and will not be available. If he does not return early enough from the Hill cont'd/2  •ft  Messages for Mr. Volcker  - 2 -  Thursday, March 4,1971  (SST Briefing) meeting to meet with the Secretary this afternoon, another will be rescheduled for tomorrow. 1:40 PM -  Mr. Nelson stopped by to ask whether you had talked with Mr. Coombs., I told him Mr. Coombs had called but had not talked with you.  (Mr. Nelson seemed to feel that the  note on the message sheet re Mr. Coombs was self-explanatory.) 1:55 PM - Bob Bethke called and said he would like to talk to you for two minutes on the phone about a personnel matter; he will be leaving tomorrow afternoon to go out of the country and hopes you can call him before he leaves. NYC - 943-4400.  Messages forMr. Volcker  Thursday, March 4, 1971  - 3 -  3:30 PM - Tom Wolfe called with the following message -"John Petty has responsibility for the Secretary's SST statement.  Working with Weidenbaum and Magruder (DOT),  he will have a draft statement ready by Monday.  Messrs.  Petty, Weidenbaum and Magruder are meeting on this at 6:00 p.m. this evening." 4:45 PM - Mrs. Lainmerding, of Protocol, State Department, called to extend an invitation to you to a luncheon hosted by Under Secretary Irwin of State, on Monday, March 15, at 1:00 p.m., in the Thomas Jefferson Room, 8th Floor, State Dept., in honor of the Asian Development Bank President, Mr. Watanabe. Your calendar for lunch is clear. accept?  Is it all right to  ,V‘ YES  NO (RSVP: Mrs. Lammerding - 9-632-0622)  •  Messages for Mr„ Volcker  - 1 -  March 3, 1971  9:40 AM - Gov. Daane called and would like you to call him. 9:55 AM - Gov. Daane called again.  He said it was very urgent that he  talk with you before he leaves for Basle this afternoon. His plane leaves National at 2:30 p.m. and he expects to leave his office by 2:10 PM.- (147-211) (NOTE: I told Gov. DaaneWould try to get the message to you at the W&M Cmte. if you hadn't returned by 11:30 AM) 9:55 AM - Til Gaines called and said he was in town today and tomorrow and would like to see you to'ay hello."  He suggested dinner  or cocktails if you were too busy during the day.  He said  he could be reached at EX 3-1000, Ext, 650. 10:15 AM - Gov. Daane called again to say that he has nowkhanged his plane to a later flight -- leaving Dulles at 6:45 pm - and his office about 5:30 p.m. for Dulles -- since he feels he must talk with you before he goes to Basle.  He asked that  we call him immediately after your return from the luncheon so that he may come in to see you. - CAL. NOTED. 10:15 AM - Mr. Willis stopped by and needs to see you today on the Intl. part of the JEC testimony before it goes back to the Cmte.  He said the deadline is today.  - 2 -  Messages for Mr. Volcker  Wednesday, March 3, 1971  12:25 PM - John Kareken, Economic Adviser at the Federal Reserve Bank in Minneapolis, cane&  His secretary sa  was very important  that he talk with you - and asked that his call be returned. (,A.C. 612-333-0361) 12:40 PM - Mr. Harper at Savings Bonds called and said they understood you were going to attend yile Chairmen this evening and  eception for State Savings Bonds would like to have you. photo-  graphed ,with some of the principals who will be there He said he had talked to Mr. Brumley about this and he, Brumley, thought it was a good idea. 1:00 PM - Secy's Operator called and said there will be staff meeting on Friday morni 2:20 PM - Mr. Weidenbaum s  pped by and said to let you know he is  back. 2:25 PM - Mary Ann Allin called and said the Secy. would like you to come in to see hi  I explained you were out of the building  and I wasn't sure just how soon you would be back„  She did  not ask that we call when you do get back. 2:30 PM - Mrs. Eichmann at OPIC called to remind you that you and the other Board membets agreed at the last meeting that you / would bring your hviefing books with you to the meetings so that she would not have to prepare an extra set.  - 3 -  Messages for Mr. Volcker  March 3, 1971  2:40 PM - Mr. Morgan at the Fed Board called re your possible participation in the meeting with their academic consultants from 10:00 AM thru lunch this coming Friday.  Burns had sent a  letter of invitation to Secy. Connally to which Mr. Weidenbaum was preparing a reply while you were in Europe -- Iola called me about this saying the Secy. would go to the lunch but had  Weidenbaum would be out of the city and Dr. Walker  a speaking engagement and they wondered if they could say that the Secy. was asking you to attend the meeting for him, aside from the lunch which he was agreeing to attend.  I  understood from Iola that it was a full day meeting and so suggested they make it a little vague and say something along the line that the Secy. was informing Dr. Walker and you about the consultants meeting and you would attend to the extent possible.  Subsequent to this, it developed that  the Secy. would be going to Rochester with the President on Friday and I understand the letter to Burns was rewritten accordingly.  In response to my query, Mr. Morgan said the  Academics would be discussing wage-price controls from 10:00 to 11:30 and would then discuss monetary policy until lunchtime at 1:00; after lunch the meeting will adjourn.  He said  they would be glad to have you come to any part of the meeting you can, including lunch, and I told him I would check with  Messages for Mr. Volcker  - 4 -  you and let him know about lunch. lunch Friday.  March 3, 1971 Your cal. is clear for  (147 - 288) ACCEPT REGRET  2:45 PM - Rose called and asked that we call and let her know when you return in case the Secy still wishes to see you then. 3:00 PM - Gov. Daane called and would like you to call him. 3:35 PM - Mr. Nelson would like to see you on some of the matters you discussed today with thi F d people and also to bring you up to date on the exchan e markets.  He'd really like  to talk to you before you talk again to anyone at the Fed.  Messages for Mr. Volcker  - 1  March 1 - 2, 1971  Monday, March 1 11:10 AM - Mr. MacLaury has scheduled a session with you for himself, Carlock and Snyder at 2:30 on this coming Thursday on the presentation to the Senate Finance Cmte. on March 8 on the 4-1/4 percent ceiling.  Following this, I checked  and found that the Senate Finance Cmte. has scheduled Secy, Connally and Mr. Shultz to testify on the debt limit and interest rate ceiling at 10:00 AM on Monday, March 8. This is the same morning as the 9:30 AM OPIC Board meeting so I alerted Mr. Gordon's office to the fact that you probably won't be able to attend OPIC Board (the papers for that mtg. had arrived this morning and I gave them to Mr. Gordon's helper, Mr. Unger, to start work on). 2:45 PM -  Marty Miller called.  He asked for about a 15-minutes with  you to follow up on the last discussion -- and he would like to show you a 16 mine. current, top management film (which is pertinent and also of general interest) made for the 1971 Chairman of the U.S  Industrial Payroll Savings Committe.  Gulf Oil President B. R. Dorsey. (The movie to be shown in the Projection Room - 2330.)  I tentatively gave him 10:30 a.1.11/1con  Thursday, March 11 -- subject to confirmation.  Af,  y N  Is it all right to confirm?  YES NO  (M„ Miller - 2219)  cr!v  evzir  Messages for Mr. Volcker  - 2 -  Mon.-Tues., March 1-2,1971  4:10 PM - Pete Nagan called and asked whether he might see you sometime this week for a general discussion of the money market -international, domestic, etc.  I had suggested sometime on  Friday, March 5, which is all clear; but he said that Friday would be too late in the weeko  I gave him 5:30 p.m. (tentative-  ly) on Thursday, March 4th. Is it all right to confirm?  YES NO  (Mr. Nagan - NA-8-1600) 4:30 PM - Henry Owen, Director of Foreign Policy Studies at Brookings Institution, called to invite you to a dinner at Brookings  '41(  /  (Al  for Geoffrey Rippon - at 6:30 p, mo to end 9:00 pom. or on Monday, March 8, 9:30 p.m./- the dinner to be followed by some discussion on A  the British Common Market negotiations. clear.  Is it all right to accept?  Your calendar  YES \?( NO  NOTE:  You are attending the State Department luncheon for  Mro Rippon on the same day. k.?/,' Ext. 335 (Mr. Owen - HU-3b -- Mr. Owen said he was going to send you a note on the dinner, and the guests will include several officials of the Executive Branch and Members of Congress.  Mon.-Tues.,Mar.1-2  - 3 -  Messages for Mr. Volcker  & Assoc, - a Public Relations 4:45 PM - Mr. Conrad Christiano of Newmyer would remember him firm in Washington called.- He said you for the Bond Buyer. from the many briefings he had had with you to get an assessment He mentioned the fact that he was trying ular top level on people who are being considered for a partic to sit down and talk job in industry - and said he would like with snmEmbou somebody.  He said you knew some of these people  t the iduR talk personally who are being considered - and tha would be on a confidential basis.  This would be a discussion  of just 3 or 4 people of a very  g list - and indicated that  it would take no more than 10 minutes, Mr. MacLaury could help him.  I asked him whether  He said he knew you better than  be back to you he did Mr. MacLaury - but would call him and at4j$4: N.r - 347-9200) . (Kr if he needed more information. uesday, March 2,1971 called.- When he learned k; Yor New , nes Gai d for Til 12:00 - Noon he would call back tomorrow d sai n, tow of t ou e wer you luncheon invitation the ed end ext ary ret sec ns' 2:30 PM - Chairman Bur e Wednesday. I told her you wer at the Fed for tomorrow, luncheon speaker  (Natl,Assoc. of at the Mayflower tomorrow  srs. Snyder, Cook Mes ch whi Mxx xtx e), enc fer Mutual Banks Con MacLaury is attending a SMEX Mr. . ing edd att are per Coo and l run through lunch, and he wil ch whi ow, orr tom g tin mee SIPC on the Fed luncheon for out cel can we t tha ted ges sug has tomorrow.  Mr,, Burns' office advised.  - 4 -  Messages for Mr. Volcker  Monday-Tuesday, March 1-2, 1971  Tuesday, March 2 12:30 PM - Hans Widenmann called from New York to extend an invitation to you and Mrs. Volcker for dinner at the Madison Hotel -leaving the choice of either Monday, March 15th or Tuesday, March 16th, to you.  He said invitations will also be  extended to Governor and Mrs. Daane, and an old friend of his, Jack Butterworth,  who is manager of the Pension Fund  of the British Petroleum Company - and very knowledgeable. Your calendar for March 15 (Monday) is clear; on Tuesday, March 16, you and Mrs. Volcker are attending an informal Congressional reception by President of ABA and Mrs. Sommer at the Washington-Hilton Hotel. Shall I tell Mr. Widenmann that you and Mrs. Volcker will accept his invitation for dinner on Monday, March 15? YES NO OTHER (Hans Widenmann - A.CQ 212-530-41/4 4:15 PM - Peter Peterson called.  I told yis secretary you were en route  back to Washington - and asked his call returned.  hether Mr. Peterson would like  She suggested that his call be returned  (through White House Operator - 145-0).  Messages for Mr. Volcker  - 5 -  March 1 - 2, 1971  4:53 PM - David Lilly, Chairman of the Board of the Fed Bank of Minneapolis, called and would like you to call him. Evidently it isn't urgent because, when I told him you were en route back from Europe, he said perha s it would be best if he called you on Wednesday to g4.ie you time to catch your breath; I then asked if said that would be fine.  ght call him and he  AC 612 - 888-8801  5:00 PM - Gov. Brimmer's secy. called to invite you and Mrs. Volcker to thRixAllams Gov. and Mrs. Brimmer's house this Friday, March 5, at 8:30 PM for after dinner drinks to say hello to a friend of Governor Brimmer's from Los Angeles, Mr. Robert Chill.  She didn't know anything further about the  guest of honor. NW.  The Brimmers' house is at 4930 - 30th St. 5  Your cal. is clear this Fri4ay evening.  147 - 213)  ACCEPT I IfREGRET 5:30 PM - Gov  Daane called.  should He said that/you come into the office  this evening he has one thing to talk about which will take about 3 minutes. (147-211)  Otherwise, it can wait until morning.  1  Messages for Mr. Volcker  - 6 -  March 1 - 2, 1971  5:40 PM - Mary Ann Allin called and said the Secy  wants to discuss  Stephen Francis with you before he signs the letter. Mary Ann suggested you raise this with the Secy. sometime when you are with him -- she said it woul^b9r easiest for ..,/' you to do it on your own initiative.  ,  1  Messages for Mr. Volcker  9:30 AM -  Friday, February 26, 1971  s The Administratib0- Office called about lunch in the Secretary' Dining room. YES  today?  Is it all right to say that you will luncfl there NO  cro2 •  (The Secretary will be lunching there.) theater tickets 10:15 AM - Mr. MacLaury said to tell you he has two have the for tonight that he cannot use and, rather than someone tickets go to waste, he would like to give them to to use.  He wondered if you might be interested.  The tickets  e and are to the revival of the Clifford Odettes play, "Awak Sing." at 8:00 PM tonight at the Arena Theater.  Your cal.  is clear for this evening. 12:30 PM - Mr. McCracken called you and would like you to call him. 103 - 3056 1:55 PM - Mr. MacLaury stopped by to say that he had invited MrA\Telson to join them at the 3:00 pm. meeting this afternoon on Basle and asked whether it was all right with you. come in unless he hears to the contrary  Mr. Nelson will  Messages for Mr. Volcker  1  Thursday, February 25,1971  9:30 AM - William of Wayne Hummer & Co. called this morning.  (He is  in Washington today and tomorrow -- and had asked to see you)  / // I have given him 12 noon today.  ON CAL.  9:55 AM - Mr. Kearns' secretary called to say that his visit with you at 5:00 p.m. on Wednesday, March 3, would be to discuss Euro-dollars with you further -- and also your letter to him February of Z-0004(J12 on interest rates (attached). CAL. NOTED. 1:00 PM - Mr. Wolfe's secy called and said the  Secy. has to go back  upox on the Hill at 1:30, so the 2:30 briefing session will be postponed but will probably be held later in the afternoon. 1:05 PM - Mr. Weber called and said he is going to Buenos Aires and will not be back until Thursday, next week. 2:05 PM - Mr0 Wolfe called.  He expectskhe Secretary to return about  4:00 p.m, or 4:30 p.m. - at which time the briefing session for the JEC hearing will be held.  Cal, Noted.  - 2 -  Messages for Mr. Volcker  Thursday, February 25,1971  3:45 PM - Mr. MacLaury called to say that, as far as he could find out, the JEC met only in the morning and you would be free in the afternoon.  He has asked that we schedule a meeting with you  for Messrs, Daane, Coomb3and MacLaury -- on preparations for the Basle meeting - from 3:00 p,m, to 4:00 p.m. tomorrow, Friday, February 26.  ON CAL.  5:00 PM - Protocol of State called to extend an invitation to you from Secretary Rogers to attend a luncheon at 1:00 p.m., on Monday, March 8, in the Secretary's Dining Room, 8th Flo (in the Diplomatic Axita Reception Room area).  This is in  honor of the Chancellor of the Duchy of Lancaster, Geoffrey Rippon.  Mr. Rippon is here to discuss negotiations for  British entry into the KEEC, for which he is responsible in the British Cabinet.  Mrs. McCaffree said the invitation  had been extended to Secretary Connally, who regretted and recommended that you be invited.  Invited guests will include  the British Ambassador and several Embassy people, George Shultz, Under Secretary of State Irwin, Nat Samuels and several other State Department officials - and also Peter Peterson (Assistant to the President for International Economic Affairs).  On your calendar for March 8th:  the OPIC  Board meets from 9:30 a.m, - through lunch. Shall we ACCEPT Department luncheon?  REGRET  the State  (Mrs. McCaffreee - 9632-36l0)  •  _ 1  Messages for Mr. Volcker  9:25 AM - Mr. Nelson called. NOTE:  Wednesday, February 24.1 1971  He asked that his call be returned. (2884)  Mr. Petty to see Mr. Volcker at 10:30 a.m. on DED. (Cal. noted.)  NOTE:  Both Jim Smith's office and Mr. Schaffner called re status of transcript of IET hearings -- the Cmte. is anxious to have evidently to use in preparation of their report and to release with their report.  memiges for Mr. Volcker  - 2 -  Wednesday, February 24, 1971  you had had an opportunity r he et wh ask to led cal um ba en id 11:30 AM - Mr. We ent for the Secretary thr to go over his draft of the statem orrow morning. his appearance before the JEC tom  His suggestion  at perhaps someone in on is that if you are not able to th Mr. Petty's might do this. e supplementary material som e hav d ul wo le d sai lis 12:30 PM - Mr. Wil C hearing ready for JE for ok bo ng fi ie br y's for the Sec would like to bring it and oon ern aft s thi e lat e you to se r overnight and at the ove ok lo to you th wi it ve in to lea same time to talk to you.  ming I told him you had someone co  how long that would last so in at 4:30 and I didn't know were free. suggested we call him when you  I  - 3 -  Messages for Mr. Volcker  February 24, 1971  will be an 8:45 AM 5:30 PM - Secy's Operator called and said there Secy's Staff Mtg. this Friday. approved having Mr 5:35 PM - Rose Cicala called and said Secy.  Cates  and asked sit in when Derek Mitchell sees him next Tuesday me to arrange.  This has been done.  tomorrow Rose also said Mr. Herrera is seeing the President to at 3:45 and it was suggested Secy. Connally might want you attend but he cannot; he thought you might feel that should attend.  Told Rose I'd check out with you and let  her know so she can advise White House. say you will attend?  Cal. clear.  OK to  (I'm trying to check out with Finkel  you if it will be just Herrera seeing the President and if —be  fl  need anyting.) YES NO  np-t; ' 6)1  before he leaves 6:15 PM - Mr. Hirschtritt said he needs to see you at 2:00 tomorrow for South America on some ADB matters he talked to Secy. about.  Gave him 10:00 AM tomorrow.  fing for 6:30 PM - Rose called and said the Secy. asked for a brie the hearing on the SST.  This has been scheduled for 3:30  on Thurs., Mar. 4, in Secy's Conf. Rm. with you and Messrs. Weidenbaum, Smith, Wolfe and Magruder from DOT.  On cal.  - 1 -  Messages for Mr. Volcker  HUD called. 10:30 AM - Fred Deming of  Tuesday, February 23, 1971  He referred to the General  epared tion on the FNMA Board pr si po ur yo re mo me l se un Co leave you had indicated you would id sa d an t er gl En . Mr by py Mr. Deming asked that a co . ey mn Ro y ar et cr Se r fo a copy for the Secretary 0Room 10228, HUD Building, /le ib ss po if m, hi to nt be se . Englert's office for Mr d ke as ve ha I W. S. ., St 451 - 7th tachments. a copy of his memo, plus at send?  YES  Is it all right to  NO  it will be neces(Mr. Englert's secretary informs me that ll set of attachsary to xerox from your copy for the fu ments.) d would like you to call him. an ed ll ca on rs te Pe r te Pe . 11:00 AM - Mr 456-2171. Mutual Savings Banks, of . sn As . tl Na e th of , an am Kl 11:30 AM - Saul ll him when you can called and would like you to ca 3-4715. Call back Operator 6 in NYC - 97 d said Tom Wolfe had sent an ed ll ca cy se s y' tt Pe 12:15 PM - Mr. would like a briefing on . cy Se e th ng yi sa te no a him ay, ing at 2:30 PM on Thursd ar he C JE e th r fo es su is intl. Conference Rm. Mary said 's cy Se e th in is xh ix , th the 25 down as well as the names me na ur yo n te it wr d ha y Mr. Pett hmidt (tho she thought he Sc & on ls Ne , is ll Wi . rs of Mess e note was still on his th -re mo me so d ad to nt might wa t us but she thought she'd le x) bo t ou s hi in t no desk &  Messages for Mr. Volcker  February 23, 1971  - 2 -  . know so we can put a hold on your cal  Cal. clear.  ON cal.  the status of the Secy's After this, I asked Tom Wolfe about w that Mr. Weidenbaum statement for JEC; he said you kne Mr. Wolfe also said that  was shortening the draft you did.  ues for JEC would be the Secy's briefing on domestic iss at 11:00 tomorrow in his Conf. Rm.  On cal.  re Fed lunch tomorrow, 12:45 PM - Chrm. Burns' office called  Chrm,  ld like to come, they Burns won't be there but, if you wou host. think they can get Gov. Robertson to EiRaxxali  Ymmxxuaixxisx  are Messrs. You are free for lunch tomorrow, as  others if you decide MacLaury and Cooper (I'll check the to go to Fed for lunch).  Shall we arrange?  YES NO nt ary re the tentative appointme ret sec ' rns Kea Mr. led cal 1:15 PM - I s endar for XXRUgm 2:30 p.m thi cal r you on him for had we this and he said he wasn't ut abo him ed ask She . oon ern aft e afternoon - but he would lik s thi in e com he t tha ary necess k. to see you one day next wee  She will call back with a  convenient for you. suggested time that is also  Messages for Mr. Volcker  NOTE:  -3  February 23, 1971  k Mitchell Rose Cicala called this afternoon and said Dere h 2nd and was coming in to see the Secy. at 4:00 PM on Marc ions. she asked if you didn't usually sit in on these sess with a new I told her you had in the past, though of course about it. Secretary, it would depend upon how he might feel told her In the meantime I was looking at my calendar and Paris that you wouldn't be here -- you will be returning from day.  ested I mentioned this later to Mr. Mackour and he sugg  at that time I remind you that Mr. Petty will also be away think it and ask if you think I should tell Rose that you someone sit might be useful, if the Secy. approves, to have in,  I believe Mr. Mackour had in mind Mr. Cates.  possibility would be Mr. MacLaury.)  (Another  ti9  YES NO 5:00 PM - Nelson Coar of Mr  Finkel's office, called to say that  coming to Washington President Watanabe, Asian Development Bank is tentatively being Rmluluxx*x March 15 and 16, and a luncheon is at 1:00 p.m0 the 16th. The scheduled to be hosted by Secretary Connally/on depend on whether details are not yet firm - and the place will with the special there is Congressional participation (to help a "hold" on fund legislation).- Mr. Coar suggested that we put your calendar for this luncheon Cal  Noted„  Your calendar is clear  %  #  Messages for Mr. Volcker  - 4 -  Tuesday, Febc, 23, 1971  5:30 PM - I have tentatively given Mr. Kearns 5:00 pomp on Wednesday, March 3.  His secretary was unable to say what he wanted to  talk about.  He had indicated he wanted to see you  OIXE  one day next week, when it was noted that he did not need to come in to see you this afternoon. confirm?  Is it all right to  YES NO  (128-21131) 7:00 PM - Mr. Smith asked that we put on your calendar the Senate Finance Committee hearing at which the Secy. will testify at 10:00 a.m., on Monday, March 8.  CAL. NOTED. -- You have an OPIC Board meeting scheduled for 9:30 a.m.  k  =IN li,  Messages for Mr. Volcker  1  Monday, Feb. 22, 1971  9:05 AM - Gov. Daane hoped you would have one minute to discuss one thing with him before you left for the Hill. NOTE:  (147-211)  I called him to let him there was no opportunity for a phone call before you left.  10:10 AM -  Dr. Kacser called and said to tell you she would like to arrange lunch sometime in the next two or three weeks. This week she only has Wednesday and Friday clear. 110 - 3421  10:50 AM - The Secretary's Dining is closed today  MD WM  the cook is  sick (per Admin. Office.) Cal. Noted. 11:00 AM - Mr. Kearns called.  He has just gotten back from three weeks  away from the office and said it was very important that he have about 20 minutes with you either today or tomorrow. (His secretary was unable to say what about.) agave him a tentative appointment for 2:30 p.m. tomorrow (dependent on whether the IET Exec.Session was resumed in the afternoon - and your meeting with the FNMA Board) and laid his secretary we would try for another time if this didn't work out.)  CAL. NOTED. (128-21131)  - 2 -  Messages for Mr. Volcker NOTE:  February 22, 1971  him Mr. Ortner called re arrangements for your lunching with this Thursday; he suggested lunching at the Madison Hotel and meeting in the lobby there at 1:00 PM.  On cal.  t with you 3:10 - Mr. Dale called and asked if it would be all righ ing if he were to bring Mr. Harley with him to the 5:30 PM meet Group today of the Treasury people preliminary to the Volcker meeting tomorrow. YES NO  I /  Messages for Mr. Volcker  _ 3  Monday, February 22, 1971  the Joint 4:00 PM - Mr. MacLaury has scheduled the annual meeting of Economic Policy Committee of the Life Insurance Association (with Kenneth Wright) for Friday, April 2 -- the Committee to meet with you for backgrounding (after slides at 10:00 a.m. to be followed by a reception shortly after noon - and luncheon with the Secretary and treasury officials for a report of the Committee of its views on Treasury financing Mr. Wright will provide a currentllist fill of the members of the Committee and will/in on the details  and other matters.  re reception and luncheon. AXASXRX  CAL. NOTED. (Your calendar is  clear.  4:45 FM - Mr. Kearns called.  He asked that his call be returned  hopefully before your 5:30 p.m. meeting.  (128-211311)  7:90 PM - Bill Ross called and would like you to call him.  Said  he was leaving for home and would be there in about 20 minutes.  836-8209  •  Messages for Mr. Volcker  11:00 AM -  1  Friday, February _21,1971  The Secretary is having a closed luncheon in the Dining Room today.  -- Cal. Noted,,  11:05 AM - Rose called and asked if you had done anything about setting up a briefing session for the Secy. on the IET hearings on Monday. not.  I told her so far as I knew you had  She said she knew the Secy. would want one and he  could not do it today and she suggested 10:30 tomorrow (Sat.).  I alerted Mr, Schaffner to be sure the briefing  books are ready in time and asked him who he thought should be at the briefing session.  He suggested in  addition to you, Mr. Petty, and Mr. McLaury:  himself,  Schaffner, and maybe twaxfaxxkkxommilixkisxpotopimx one or two of his people; Mr. Cole, and Mr. Nolan; he said he didn't know whether or not the General Counsel's office had any interest in this  I asked Mr. Englert  and he said he didn't but would check Judge Pierce, who might want to participate, and said he'd let me know about Pierce.  Is this group OK and the time OK and  shall I alert everyone? (Assume this group would fit in Secy's Conference Room.) YES NO  Messages for Mr. Volcker  - 2 -  Friday, February 19, 1971  11:45 AM - Mr. Petty's office called for your RSVP to an invitation stag to a black tie/dinner Ambassador Kennedy is giving for Filipe Herrera - to say goodby - in the Mt. Vernon Room at the Madison Hotel on Wednesday, February 24, at 8:00 pm. The number of guests will be between 25 and 35 - and those invited are former Secretaries of the Treasury during the last ten years, and Under Secretaries, Executive Directors, and Assistant Secretaries who have been working closely with Mr. Herrera. ( told Mary Monomack the invitation had not been received.  She said it had been arranged by telephone hyxa  with several people extending the invitation -- and she has just learned that there had been slip-ups.) She called as a follow-up since there had been no reply from you. Shall we ACCEPT NOTE:  REGRET  I have not as yet sent in your check for Commissionerii Thrower's farewell reception from 6:30 Pm to 8:30 Pm on the same evening.  1t2  YES Is it all right to regret now? 7 NO Send check? YES  NO  i9/ (RSVP - Amb. Kennedy's invitation - Mary Monomack - 2522)  - 3 -  Messages for Mr. Volcker  Friday, Feb. 19, 1971  spoken 2:05 PM - Mary Ann Allin called to say that Dr. Walker had they both with Chairman Mills -- and/agreed that the Secretary would not have to testify on the JET before the W&M Cmte. on Monday, February 22; that you would handle the whole thing.  She consequently cancelled out the briefing session  with the Secretary for the JET hearing, which had been scheduled for 10:30 a.m. tomorrow (Saturday). Will you need to have a briefing session in preparation? If so, would you prefer to have it late this afternoon -say about 5:00 PM? YES NO I assume this means you will also testify before the Ways & Means in Exec. Session on Tuesday at 10:00, which means you won't be able to go to the FNMA Board.  Messages for Mr. Volcker NOTE:  - 4 -  Friday, February 19, 1971  ing for the Treasury Mr. Willis has scheduled a 5:30 p.m. meet financing the people of the Volcker Group, in your office, on deficit in 1971. ON CAL. in your office He has also scheduled a Volcker Group meeting for 5:00 p.m. on Tuesday, February 23.  3:30 PM - Oakley Hunter called.  ON CAL.  He asked that his call be returned.  (293-6060) Mr. MacLaury had 3:40 PM - Mr. Sauer called - about the matter that called him about (sale of ExImBank obligations). that his call be returned.  He asked  - 382-23611  session he 3:45 PM - Mr. Cole's secretary called about the briefing had been invited to in your office for 10:30 a.m. tomorrow, (Saturday, Feb. 20), to say that he had a conflict. He is to meet with the Joint Committee on Internal Revenue Taxation -- to agree on a joint position on the IET -- at 10:00 a.m. on Saturday morning.  He wondered  pm whether the briefing session could be set for about 2:00 r on Saturday instead -- or he had suggested sometime afte 4:00 p.m. this afternoon. Shall we arrange for Mr. Cole to come in along later today? YES  NO  am and let the briefing session stand as scheduled for 10:30 on Saturday.  Messages for Mr. Volcker 4:00 pm.  _ 5  - Mr. MacLaury called. return.  Friday, February 1911971  He would like to see you on your  (5848)  4:10 PM - The PubLic Affairs office called about making arrangenents with the Reproduction staff for getting the IET statement out over the weekend.  Mr. Wood will need instructions --  -- and will check back with us about 5:15 p.m. before he leaves for the day. Statement: 4:30 FM -  (Requisition No. to be put on the  C-7.)  Mr. Carlock called to say that he is arranging for you to swear in Sid Sokol as Deputy Fiscal Assistant Secretary at 3:45 pm on Monday, February 22, in your office -- with about 20 people present of the Fiscal Service.  He or  Mr. Betts will bring the Oath and Bible -- and he said it would take only about 10 minutes.  ON CAL.  5:15 PM - Jim Smith'i secretary just called to say that a briefing session has been scheduled for the Secretary for his appearance before the House Banking and Currency Cmte.(on Tuesday morning)  for 4:00 p.m. on Monday on extension of Reg.  and discretionary wage and price are invited to attend.  controls  MID 11•  which you  Attending also will be Messrs.  Pierce, Englert, Spyder, Weidenbaum, Joss and Wolfe - also Jim Smith -- probably in the Secretary's Conference Room -but the place will be confirmed. NOTE:  Cal. Noted.  You have a meeting scheduled for 4:30 p.m. with Secretary Romney and Under Secretary van Dusen at HUD.  _  February 19, 1971  Messages for Mr. Volcker  NOTE:  Mr. Wood in the Reproduction Unit will be on standby to reproduce the statement for IET hearing on Monday anytime over the weekend; he likes to go to church Sunday morning and apparently would just as soon do the job sometime after church on Sunday, s if he has his druthers.  He has a requisition  to run 300 copies for the Hill plus 50 copies for your office for immediate use; after that they will do the big run on Monday, I guess.  Mr. Wood's phone number is 430-9049 or he  can be reacheddthru Secy's Operator.  Piess release # C-7.  Messages for Mr, Volcker  Thursday, Feb. 18, 1971  - 1 -  2:00 PM - Under Secretary van Dusen's secretary (Jean Nash) called to Romney set up a meeting with you, Mr, van Dusen and xitle Secretary/ re FNMA.  She had checked the Secretary's HEk calendar and  learned he will be away all day tomorrow (Friday, Feb. 19); on Monday, Feb. 22, and he leaves Washington/after a 10:00 acm0 appointment for Warrenton, Virginia, where he will be speaking about 1:00 pm. She has suggested 4:30 p.m. on Monday, February 22 (since it is desirable that the meeting take place before the FNMA Board meeting at 9:30 aom. on Tuesday, Feb. 23).  Secretary  Romney will have returned from Warrenton by then. On Monday, Feb, 22 - from 10:00 AM - IET Hearing - W&M, - 3:00 pm - Messrs. Tom Stone and Patrick MacDougal  of Rothschilds Intercontin-  ental Bank. The meeting will be held in Secretary Romney's office, Room 1000, HUD Bldg., 451 - 7th St., SW.  CAL. NOTED.  Thursday, Feb. 18, 1971  - 2 -  Messages for Mr. Volcker  3:00 PM - Mr. Brumley called about the  meeting of the National  Association of Mutual Savings Banks at the Mayflower Hotel on Wednesday, March 3, 1971.  He said he had spoken to you briefly  to let you know that you will be the main speaker, since neither Dr. Walker nor Secutary Connally will be able to attend -- and further, that you will be the guest of honor at the concluding reception and luncheon. •••  Meeting starts at 11:15 a.m.; luncheon at 12:30 p.m.  mr,,  Brumley is going to put this in writing.  CAL. NOTED.  (He is also advising Grover Ensley of the change.) 5:30 PM - Mr. Willis calleth  He asked to see you right after the  8:45 AM Staff meeting tomorrow - and before you left for the Blair House meeting at 10:30 a.m. - on the paper Mr. Bergsten sent for comments - "The President's Foreign Policy Report o"  I have given him 9:30 a,m. - or a time  following your return from the conference.  ON CAL.  5:45 PM - Mr. Cole's secy. called and said he was wondering when the Ways & Means would hold Exec. Session on the IET„ so he called the Cmte, and inquired and was told it would be next Tuesday morning at 10:00 AM.  I explained the conflict with  the Secy's testimony at 10:00 on Tues. on ext. of Reg. Q and wage & price controls as well as your conflict that morning with the 9:30 AM FNMA Board.  She conveyed this to Mr. Cole  Messages for Mr. Volcker  - 2 -  February 18, 1971  who indicated that he thought it would be a mistake to postpone the executive session with the Ways & Means amd mentioned that the IET expires March 31st, he thought you xmmgizi and the Secy  should discuss this and decide who should  handle the JET executive session.  Messages for Mr. Volcker NOTE:  - 4 -  Friday, February 19, 1971  Treasury Mr. Willis has scheduled a 5:30 p.m. meeting for the people of the Volcker Group, in your office, on financing the deficit in 1971. ON CAL. office He has also scheduled a Volcker Group meeting in your for 5:00 p.m. on Tuesday, February 23.  3:30 PM - Oakley Hunter called.  ON CAL.  He asked that his call be returned.  (293-6060) 3:40 PM - Mr. Sauer called - about the matter that Mr. MacLaury had called him about (sale of ExImBank obligations). that his call be returned.  He asked  - 382-2361/  3:45 PM - Mr. Cole's secretary called about the briefing session he had been invited to in your office for 10:30 a.m. tomorrow, (Saturday, Feb. 20), to say that he had a conflict. He is to meet with the Joint Committee on Internal Revenue Taxation -- to agree on a joint position on the IET -- at 10:00 a.m. on Saturday morning.  He wondered  whether the briefing session could be set for about 2:00 pm on Saturday instead -- or he had suggested sometime after 4:00 p,m. this afternoon.. Shall we arrange for Mr. Cole to come in alonelater today? YES  NO  aMm,  and let the briefing session stand as scheduled for 10:30 am on Saturday.  Messages for Mr. Volcker 4:00 pm.  - Mr. MacLaury called, return.  4:1  Friday, February 19,1971 He would like to see you on your  (5848)  - The PubLic Affairs office called about making arrangenents with the Reproduction staff for getting the IET statement out over the weekend.  Mr. Wood will need instructions  •MI  -- and will check back with us about 5:15 p.m, before he leaves for the day. Statement: 4:30 PM -  (Requisition No0 to be put on the  C-7.)  Mr. Carlock called to say that he is arranging for you to swear in Sid Sokol as Deputy Fiscal Assistant Secretary at 3:45 pm on Monday, February 22, in your office -- with about 20 people present of the Fiscal Service.  He or  Mr. Betts will bring the Oath and Bible -- and he said it would take only about 10 minutes.  ON CAL.  5:15 PM - Jim Smith's secretary just called to say that a briefing session has been scheduled for the Secretary for his appearance before the House Banking and Currency Cmte.(on Tuesday morning) -- for 4:00 p.m, on Monday on extension of Reg. Q and discretionary wage and price are invited to attend,  controls -- which you  Attending also will be Messrs,  Pierce, Englert, Snyder, Weidenbaum, Joss and Wolfe - also Jim Smith -- probably in the Secretary's Conference Room -but the place will be confirmed. NOTE:  Cal, Noted.  You have a meeting scheduled for 4:30 p,m. with Secretary Romney and Under Secretary van Dusen at HUD.  I Messages for Mr. Volcker  NOTE:  6  February 19, 1971  Mr. Wood in the Reproduction Unit will be on standby to reproduce the statement for IET hearing on Monday anytime over the weekend; he likes to go to church Sunday morning and apparently would just as soon do the job sometime after church on Sunday,o if he has his druthers.  He has a requisition  to run 300 copies for the Hill plus 50 copies for your office for immediate use; after that they will do the big run on Monday, I guess.  Mr. Wood's phone number is 430-9049 or he  can be reached thru Secy s Operator.  Press release # C-7.  •  0  Messages for Mr. Volcker  - 1 -  February 17, 1971  9:50 AM - Ir. Bett, s/ office called and we told them you would lunch  in NOTE:  S  Dining Room today.  - Mr. Beach said he would check in with us this afternoon to see if you were able to find out from Secy. about Mr.Kennedy's /47,„  „ , vd 3  possible trip to London. 10:15 AM- Eugene Black of American Express called.  He said he was  going to be in and out of his office all day (I had told him, too, that you were on the Hill with the Secretary) -- and he asked whether he might call you at 9:00 a.m. tomorrow morning (Thursday).  I mentioned the 8:45 a.m. Secy's staff - with  the possibility that you may not have returned to the office by 9:00 a.m.  He then asked whether you would be in at 8:30 am,  and,if so,will call then.  I told him you would be given the  message that he will call at 8:30 a.m. (Mr. Black referred to the 6:00 p.m0 dinner in New York -- and I told him it was on your calendar.  (Mr. Black's phone number in N.Y., should  you want to try to reach him sometime today, is 944-2000, Ext. 8241,) 10:30 AM - Mr. and Mrs, Alexandre Kafka, Brazil Exec.Dir.,IMF, have extended an invitation to you and Mrs. Volcker to a small, informal dinner at 8:00 p.m. on Wednesday, March 10 -- no particular occasion --  at their home,  Other guests are: Mr. and Mrs. Palamenghi-CrisOL (cont'd/2)  Wed., February 17, 1971  - 2 -  Messages for Mr. Volcker  (Kafka invitation) Mr. and Mrs. Prebisch (former Secretary General of UNCTAD now consultant for IADB) and Mr. and Mrs. de Vries of the World Bank.  Your calendar is clear.  Is it all right to accept?  YES NO  (Mrs. Walder - 181-3049) 10:20 AM - Oakley Hunter at FNMA called and would like to speak to you on the phone when you get a chance to call him -knows you are on the Hill and may be there most of the day  293-6060  (Just in case he's calling about the next Board mtg., on Tues., Feb  23, you may not be able to go if Secy.  asks you to accompany him to Hill on ext, of Reg. Q and wage & price controls.  Also, the papers for that  Board meeting came a day or so ago and I sent them to Mr. Snyder to review -- it seemed to me there were a number of things that might be of interest.) 3:25 PM  Rex ieach callecL  He asked that his call be returned.  01-21792)  •  9:15 AM - Rex Beach called.  Tuesday, February 16,1971  - 1 -  Messages for Mr. Volcker  He asked that his call be returned.  (101-21791) 9:45 AM -  Gene Knorr called to confirm the meeting in Dr. Walker's office with Dr. Walker, Mr. Petty, Smith and Knorr -- on multilateral institutions.  9:50 AM -  I have given Joe Slevin 5:30 p.m‘ this afternoon (moved from 4:00 pm).  10:00  AM -  ON CAL.  ON CAL.  Mr. Dale called to set up two appointments with you: (1)  Mr0 deKoch,  at 2:15 p.m. today, Mr. Dale and Mr. de Koch -  according to Mr. Dale, will just hand you some statistics for the 2nd half of 1970.  ON CAL.  Is it all right to confirm? (2)  YES  NO  Mr. Dale has also arranged for you to see Mr. Schweitzer at 3:00 p.m., in Mr. Schweitzer's office, on Friday, February 19.  10:15 AM  ON CAL.  Mr. Smith's office called to say that an appointment has been arranged for you to see Congressman Ullman in his office, Room 2410, Rayburn House Office Building, at 3:00 p.m. this afternoon, NOTE:  NOTE:  Congresswomen Griffiths is out of town today.  Messrs. Petty, Webster, Cole and SecLaffner, who were to see you at 10:00 a.m0 this motning, were on standby -- should you be able to see them before your 11:00 a.m. appointment.  They need only 15 min0 with you. This has now been rescheduleu CAL.N01Dfor 4:30 p.m. today (at Mr. Petty's suggestion) 0  Messages for Mr. Volcker  - 2 -  February 16, 1971  s 10:45 AM - Ruth Finley in James Robinson's office at American Expres called to say the dinner on Thursday, the 18th, will be at the Links Club, 36 East 62nd St., and, if you can be there at 6:00 PM, Messrs. Clark and Black will be able to drop in for a drink for half an hour -- they are going out of town -- otherwise, they can make it whatever time you wish.  If you want transportation from the Airport,  they will be glad to arrange it. (NYC - 944-2559) I have advised Miss Finley that you said 6:00 PM would be all right and it will not be necessary to arrange transportation fromthe airport for you  Messages for Mr. Volcker  awe  Tuesday, February 16,1971  12:10 PM - Mr. Nelson called - re a Lebanese gold purchase. his call be returned.  He asked that  (2884)  12:15 PM - Chairman Burn's secretary called about the Fed lunch tomorrow, She said it was unlikely that the Chairman would host the Wed. (tomorrow, Feb. 17) luncheon/since he was working on his testimony for his JEC hearing on Friday (Feb. 19), but that Gov. Robertson would. I told her of your appearance with the Secretary before the W&M Cmte. tomorrow morning at 10:00 a.m0 on the  interest rate  and debt ceilwing,and told her I would ixwEouid extend the invitation to you and be back to her with your answer. (There is the possibility also of an afternoon session.) Do you wish to ACCEPT  REGRET  the  Fed luncheon (Gov. Robertson hosting) tomorrow, Wed., 2/17. NOTE:  Mr. MacLaury will be in New Jersey torarrow; Messrs.  Snyder and Carlock will also be at the W&M C4fr1 hearing. (Mr. Cooper is free to attend, and Mr. Cook may7be free.) (K.Malardi - 147-201) 12:25 PM - Mr. Petty called.  He asked that we call him on your return  from the meeting in the Secretary's office. he would like to bring to you.  (2522)  He has something  Messages for Mr. Volcker  4 _s _  Tuesday, Feb. 16, 1971  about FHA interest 12:50 PM - Fred Deming, Jr., of HUD called, Co talk rates.  He asked that his call be returned.  12:52 PM - Gov. Daane called.  (138-57317)  He asked that his call be returned. (147-211)  Secretary The Secretary's Dining Room is closed today --  NOTE:  Connally is having a closed luncheon.  CAL. NOTED.  he can be reached Mr. Fowler's secretary called to say that  2:15 PM -  Germany - telephone: at the Breidenbacher Hof, Duesseldorf, t. 8601 - where he has a reservation for the nigh  Secretary's erator --(Call to be placed at 5:00 p.m. Washington time./Op advisedo)  3:30 PM -  Mr. Weidenbaum called.  He asked that his call be returned.  (2551) 3:35 PM  - Mr. Nelson called.  He asked that his call be returned. (2884)  Messages for Mr. Volcker  - 5  Tuesday, February 16, 1971  5:30 PM - Message from the Secretary's Ope rator: Starting tomorrow (Wednesday, February 17) Secretary Connally will hold a small staff meetin g in his 3rd floor conference room, at 8:45 a.m. -- Monday through Thursday -consisting of Messrs, Walker, Volcke r, Pierce, Smith, Brumley, MacLaury, Tom Wolfe (as Acting Special Assistant to the Secretar)), Petty, Rossides, Wei denbaum and Cohen. At 8:45 a.m0 on each Friday, a full staff meeting will be held in Conference Room 4426. 5:40 PM - Mr. Hirschtritt called. (2803)  CAL, NOTED.  He asked that his call be returned.  -- He expects to be in his office about 1/2 hour.  5:50 PM - Rex Beach called.  He asked that his ail be return ed.  101-21792-3) - He expected to be in his office for a while. MOTRx 6:10 PM -  goRxSiRmilthixappoixtmealltxwithx)couxf  oxxRxAf4xpxxxxilKsxhmitx  Bob Solomon  called.  He asked that you be given the  message that he did call -- and asked that his call be returned.  (147-238) -  He expected to be in his office  for a while. NOTE:  I explained tilit your calendar sit uation this afternoon -of and told him that priorities had for ced a rescheduling/his from appointment with you *C01 5:30 p.m0 this afternoon. He is free from 4:00 p.m. tomorrow -- and I tentatively put him down for 4:30 p.m, (on a standby basis) subject to the time requirement for an afternoon JET session, if necessary.  Messages for Mr. Volcker NOTE:  - 6 -  February 16, 1971  Rose asked if whoever was to accompany the Secy. to the hearings tomorrow had been lined up and alerted.  I checked with Mr.  Smith and he said this had been discussed at the briefing session with Secy and it would be you, he, and Messrs. Carlock, Fitzpatricki Snyder, and Leahy and they all knew about this because they were present when it was discussed.  I advised Rose and she suggested  that you and Mr. Smith ride with the Secy. and the others can ride in your car. NOTE:  Pearl said Messrs. Schmidt and Widman had both already gone home when you wanted them and s you said you wanted to see them first thing in the morning.  Pearl didn't know what time this might  be in light of the 8:45 staff mtg. but asked their secy's to alert them in the morning and we can call them.  Is this OK?  Otherwise, if you want them earlier, I can get word to them at their homes.  ,11  Messages for Mr. Volcker  -  9:30 AM - Mr. Betts' of  1  lunc  Friday, February 12, 1971  ce called to ask whether you will lunch in the  Secretary's Dining Room today. you are  -  Is it all right to tell them  unching with the Consultants? (This will be a sandwich  about 12:3U p.m0 or i:Ou p,m.  ON your calendar for  .30 p.m. - James Reed is coming in to see you.) Consultants' lunch?  YES NO  NOTE: 9:55 AM -  Secretary Connally is lunching with the Consultants.  Edith Baturin called to check your calendar for 'Tuesday, February 23.  She has invited you to attend a meeting at  A.M. in Secretary Connally's office, on Tuesday, Feb. 23, th Dr. Walker, Dick Cook of the White House, and Jim Smith (Jto discuss the strategy and tactics on "extension of 'Regulation Q."  ON CAL.  ou have a FNMA Bd0 meeting scheduled at 9:30 a.m. on Feb. 23rd; Sec. Connally testifies at 10:00 a.m. before the HB&C Committee on Regulation Qc 10:50 AM - Louis van Lennep called.  He will call again after 4:30 p.m.  10:55 AM - James Robinson called from New York to confirm the dinner date on Thursday evening  February 18 9 and that Mr. Blanchard  and Mr, Morton will join you and Mr, Robinson.  He said further  that his Secretary will be in touch on Thursday morning - or before - with the time and place,  Cal. Noted.  2 MEssages for Mr. Volcker  -  -  Friday, February 12,1971  2 REMINDER:  Call Rex Beach.  11:10 AM - Someone called on behalf of James Reed to say that he and Joseph Segal, who owns the Franklin Mint, will be in to see you at 12:30 today. 11:15 AM - John Carlock stopped by and said he has several matters that have to be taken care of today and he needs to see you for five minutes as early in the day as possible before he proceeds to take care of the matters. 12:15 PM - Mortimer Goldstein, of the Bfitish Desk at State, called and said he had just gotten back from a visit to London, where he'd talked to Jim Griffin and the Embassy people, and he thought  you might be interested in some things  he found out -- he could either come to see you or talk on the phone.  101 - 20336  12:40 PM - John Rose in Flanigan's office called and said he didn't know whether Mr. Flanigan had talked to you or not about the possibility of you and one or two bankers going over to England on the Rolls Royce problem -- Flanigan is in Colorado but Mr. Rose has just had a call from Mr e Packard of Defense saying they had word from England that they really aren't ready for this yet so if Flanigan does call you, Mr. Rose wanted you to tell him that this should be postponed until Monday at least so that the whole thing can be reviewed,  1:12 PM - Joe Slevin called.  Friday, February 12, 1971  - 3 -  Messages for Mr. Volcker  He asked whether he might come in to talk  with you about a broad range of things one day next week. Tuesday afternoon, February 16, is clear, and I tentatively suggested 4:00 p.m. to Mr. Slevin. Is it all to confirm?  YES  NO -----)S1*---  (393-6686) 1:15 PM - Edith Baturin called to say that the meeting with Secretary Connally, Dr. Walker, Jim Smith and Dick Cook of the White House -- on tactics and strategy on extension of Regulation Q has now been switched from Tuesday, February 23 to 9:30 a.m. on Monday, February 15.  This will precede the 10:00 a.m. larger  meeting the Secretary has Kaiied scheduled for Monday in Conference Room 4426.  CAL. NOTED.  1:20 PM - R.ox Beach stopped in.  He asked that we call him in the Secy's  office when you are free to see him. until about 1:40 p.m.)  8484,  (He expects to be there  Messages for Mr. Volcker  - 4 -  3:00 pm - Mr. Carlock stopped by again.  Friday, February 12,1971  He said he has about six  things to take up with you -- and it shouldn't take more than a couple of minutes.  (2112)  3:30 PM - Mr, Smith stopped to make inquiry as to the time of your return from the Consultants' meeting.  He didn't leave any  flax message. NOTE for the calendar from Mrs. Volcker: PM - Friday, April 23 - Jimmy's Father-Son Banquet Mater Del School. NOTE:  at  CAL. NOTED.  Secretary's Dr. Walker's office inquiry re shifting the/10:00 a.m. session from Monday, February 15,to tomorrow (Saturday),*a was followed by another telephone call to the effect that this meeting would be held as originally scheduled -- at 10:00 a.m. on Monday, February 15.  5:35 PM - Mr. Escoube called and said the NSSM 108 paper on the review of investment in Latin America is not ready at State and may not be ready until midnight (it was rewritten to take account of Commerce objections).  There will be a meeting  at State tomorrow at which the rewrite will be discussed -it is the second item on the agenda and they probably won't get to it until about 11:30.  Mr.Escoube will pick up a  copy of the rewrite in the morning and review it in preparation and, if you are going to be in tomorrow morning, he will be  Messages for Mr. Volcker  February 12, 1971  - 4A -  glad to go over it with you and see if you have any instructions for him, since Commerce had sent you a copy of their memo I suggested he  of objections, and you may be interested.  try your office when he had the paper and was prepared to discuss with you; that if you weren't in your office to check with the Secy.'s operator and I would leave some word for him with her as to whether you did want to discuss with him and how he could get in touch with you.  Subsequent to this  conversation, Mr. Walker's office called and said the meeting in the Secy's office on strategy and tactics on ext. of Regulation Q, which had been set for 9:30 on Monday, was now rescheduled for 10:00 AM tomorrow, Saturday.  I couldn't  reach Mr. Escoube but asked his wife to tell him you'd be in Secy's office at 10:00 tom orrow.  If you're interested  in talking to Mr. Escoube about this before 10:00 tomorrow, I can get some word to him via his wife (he's having dinner downtown this evening). NOTE:  Rose is holding 11:30 up to lunch time on Tuesday for the Secy's briefing for Wednesday's hearing.  She is expecting  that you will notify whoever you think should attend the briefing.  I told her I'd let her know who.  MacLaury, Carlock, Snyder?  Walker, Smith,  Messages for Mr. Volcker  5:05 PM - Gene Knorr called.  - 5 -  Friday, February 12, 1971  He has asked that we tentatively put a  "hold" on 4:00 p.m. Tuesday, February 16, for a meeting with you, Dr. Walker, Mr. Petty, Smith and Knorr -- on multilateral institutions, in Dr. Walker's office. NOTE:  CAL. NOTED.  We have also tentatively given Joe Slevin this time, but Mr. Knorr suggested that this not be changed until his meeting he can confirm/on Tuesday morning. Cal. noted.  THE DEPARTMENT OF THE TREASURY  9:45 AM DATE  2/12/71  Mae  TO  Mr. Volcker talked with Dr. Cooper this morning. He plans on calling him again tomorrow. Dr. Cooper's home phone in London is 01 (which stands for London)  PAUL A. VOLCKER Room 3312  Ext. 5635  THE DEPARTMENT OF THE TREASURY  10  ) DATE  ?()°-  TO  -  ,  4,h4-1;./  a_6.,V4v/4 /6LJon  s4' Pe  PAUL A. VOLCKER  ••  Room 3312  Ext. 5635  1  Messages for Mr. Volcker NOTE:  Thursday, February 11, 1971  Mr. MacLaury spoke with Nat S. Rogers of the First National City Bank, Houston, Texas, (listed as a Director in the American Banking Directory), late yesterday afternoon, and asked that you be given the information he derived from the call. Mr. Rogers asked for an appointment for two of his friends. (foreign?) Tom Stone, Director of Rothschilds Intercontinental Bank/, Oft (he didn't say where the Bank was located -- and isn't available at the moment so that I might get the information from him) -- and Patrick MacDougral, who is with the same bank with responsibilities in the United States. .M•  Rothschilds is a firm started by N.M. Rothschild, and has three American partners, one of whom is Mr. Rogers. also a Japanese partner.  WWI  Assets:  There is  $500 to $600 million.  Mr. Stone and Mr. MacDougal are going to be in Washington on February 22 and February 23, and have asked for an opportunity to see you and Mr. MacLaury on either one of those days. (The subject was not specified.) On February 22: On February 23:  W&M IET Hearing - from 10:00 a.m. 9:30 a.m. FNMA Board/- and HB&C hearing on extension & discretionary wage & price controls of Regulation Q/from 10:00 a.m. (Sec.Connally to testify.)  Mr. MacLaury suggests that an appointment be set up for sometime on the afternoon of February 23 (Tuesday).  Your  calendar is clear, as is Mr. MacLaury s. cont'd/2-  Messages for Mr. Volcker  - 2 -  Thursday, February 11,1971  Nat Rogers - First National City Bank, Houston, Texas -cont'd. and Mr. MacLaury Shall we arrangement an appointment with you/for Messrs. Stone and MacDougal on February 23 - afternoon? YES  NO  Do you wish to talk with Mr. Rogers sometime today? YES (Houston:  NO  A.C. 713-225-1271)  10:00 AM - Rose called and said Mary Harris called and said Secy. Kennedy will sign the proposed statement on the 4-1/4 percent interest rate ceiling.  He is leaving for Mexico  right after the ceremony today but if we still have ti his signature on the autopen, he authorizes us to affix his signature to the statement with the autopen. 10:05 AM - Mr. Betts' office called to ask if you would lunch in Secy's Dining Room today.  Your cal. is clear and I said  I thought you would and to put you down as lunching there and I would check and let them know if for any reason you cannot.  OK to let it stand that you will lunch in Secy's  Dining Rm? YES NO i0:25 AM - Exec. Sec. called and said Dr. Walker is out of town and you are acting Secy. until Gov  Connally is morn in.  •  _ 3 _  Messages for Mr. Volcker 10:30 AM - Bill Weber ha see  Thursday, February 11,1971  arranged for Art Pine of the Baltimore Sun to  3:00 p.m. this afternoon.  (He will sit in.)  ON CAL. 10:45 AM - Mr. Petty asked whether he might ride to the White House with . 7 you Lhis monalxkg. I suggested that he meet you at the Secy's. entrance  out 11:00 a.mo  11:05 AM - Louis van Lennep called.  He mentioned the fact that you pm  had met his father in Sicily (who had told you his son would be in Washington and you had suggested that he call to say hello). I suggested to Mr. van Lennep that he call back between 12:30pm and 1:00 p.m.  (He expects to be in Washington 3 or 4 days,  but is checking out of the Sonesta Hotel at 1:00 p.m. today.) REMINDER:  You wanted to call James Robinson in New York sometime today. (You had arranged to lunch with him in NYC at 12:30 p.m. on Thursday, February 18.) -  11:20 AM - Rex Beach called.  NYC 944-2559.  He said Ambassador Kennedy had suggested  that he talk with you, and wondered whether he might come in to see you this afternoon.  I gave him 2:15 pm.  ON CAL.  11:10 AM - Mr. Ddvid Francis, of the Christian Science Monitor, called & would like to speak to you on the phone about intl. monetary affairs sometime roday if possible.  347-1751  - 4 -  Messages for Mr. Volcker 11:50 AM - Mr. Dale called. 'late yes  Thursday, February 11,1971:  He referred to your telephone conversation  day about getting together sometime today on one  or two things0  I have given him 5:15 PM -  ON CAL.  12:05 PM - Mr. Weber called and said to cancel your 4:30 appointment with Miss Audemars of the Journal de Geneve; he said she had an interview with Mr. Petty yesterday and covered just about everything she wanted to cover so Mr. Weber thinks your seeing her would be a waste of time.  Mr. Weber also  wants to see you as soon as possible ; he's been asked to put together some questions for the upcoming Presidential news conference and needs to talk to you about this -- the Q & A's have to be across the street by 5:00 PM today. 12:10 PM - Margaret in Mr. Flanigan's office called and said he spoke to you)esterday about some position papers on the trust funds and corporate finance and he asked her to check to see when they might expect them.  •  Messages for Mr. Volcker  NOTE:  - 5 -  February 11, 1971  Mr. Wojlinower picked dinner with you on Tuesday, Feb. 23. He'll be in touch with us when he gets here that day re time etc.  NOTE:  Our operator reached someone who answered at the Royal Institute of Intl. Affairs in London but that person did not know Dr. Richard Cooper's home phone or anything about where he might be reached.  We will have to try again tomorrow.  The number of  the Institute is 930-2233, London, England. 3:05 PM - Mr  McCamey called and said Mr. van Lennep will be in  Washington March 10 - 12.  van Lennep has been invited  to appear before the Williams Cmn. on Trade and Investment and will be tied up all day March 10th but wishes to see a limited number of people while here, including Secy. Connally. Mr. McCamey is thinking of suggesting to the Secy. that he see van Lennep and have him to lunch on either the 11th or 12th (I told Mr. McCamey both those days were clear on your cal) and he is going to check with Rose as to the Secy's availability -- and will be sending a memo thru as soon as he gets things worked out.  I've put a hold on lunch on March  11th and 12th. 3:25 PM - Mr. Robinson's secy called re the possible dinner on the 18th and said Mr. Robinson will call you tomorrow but she wanted  Messages for Mr  Volcker  - 6 -  February 11, 1971  to let us know that it looks as though the 18th will be all right, although they haven't heard from Mr. Clark as yet  She thought it would be around 6:30 unless you would  prefer later but said they'd let us know the time & place later on  Noted on cal  time 3:30 PM - Mr. Webster's secy called and said he asked for some on Tuesday morning or mid-afternoon when Messrs. Petty, Cole, Schaffner and he might see you for 15 or 20 minutes on the Executive Order on the IET.  I suggested 10:00 AM.  Messages for Mr. Volcker  _ 7 _  Thursday, February 11, 1971  5:40 PM - Jim Smith  topped. He said he wouldlike to see you when about youe free with/comments he has on Mr. Cooper's paper the 4-1/4 percent interest rate.  5:45 PM - Message from Secretary's Operator: tomorrow s (Friday).  (2038) No Staff meeting  Wednesday, Feb. 10, 1971  Messages for Mr„ Volcker 10:30 AM - Alan Holmes called. when you are free.  He asked that his call be returned (NYFed)  again NOTE: 10:35 AM - I talked with Congressman Reuss' secretary/about your seein• g him sometime  •today.  She said he has been dictating  speeches and had asked that he not be disturbed.  She  will call back with an appointment for this afternoon as soon as she can get through to him. 10:40 AM - Protocol at State called and said the Italians a ked g of the U. S. economic • thSt the meetin• group with Colombo, et al, be set for 10:30 instead of 11:00, as originally suggested, on Frid.y, Feb  19.  On cal.  11:35 AM - Paul Eggers called you and would like you to return the call.  Call back Operator 6 in Wichita Falls, Texas,  AC 81-/ - 322-3145.  Messages for Mr. Volcker  Wednesday, February 10,1971  - 2 -  12:05 PM - Nat Rogers of the First National City sank, Houston, Texas, called.  He asked to be transferred to Mr. MacLaury, since  you were not free to talk with hint available  e=.  Mr. MacLaury was not  and the operator of the bank came back with  the message that Mr. Rogers would like to talk with you and asked that his call be returned. subject of the what the/call was.) Phone in Houston:  (She was unable to say  A.C. 713-225-1271.  Shall we refer the call to Mr. MacLaury?  YES NO  12:15 FM - Art Pine of the Baltimore Sun called to inquire whether he might have a few minutes with you (10 - 20) either tomorrow or the next day  to get your views on a background basis  on the new EEC monetary union resolution. (347-8250) Will you talk with Mr. Pine?  YES  NO  arrangefan appointment with you? Shall we have Bill WebeleARRO*9* Refer to 12:05 PM - Mr. Roosa called and would like you to call him sometime this afternoon if possible.  NYC - 483-1818  2:15 PM - Mr. Flanigan returned your call of yesterday. 2:30 PM - Herbert Stein returned your call.  (102-5042)  _ 3  Messages for Mr. Volcker  5:20 PM - Mr. Petty called.  He  Wednesday, February 10, 1971  that his call be returned. (2522)  6:00 FM - Mr. Petty called with the following message: "Shultz approved the IET; Walker signed the covering letters -- and we are 00K  now."  5:30 PM - Miss Paskus in the Office of Protocol at State called to invite you to a luncheon on Feb. 18 at 1:00 PM in the John Quincy Adams Rm. at State h3sted by Secy. Rogers for Prime Minister Colombo.  That is the day you were planning to;  be in NY lunching with James Robinson. ACCEPT REGRET  (101 - 20256)  - 1 -  Messages for Mr. Volcker  February 9, 1971  10:45 AM - Mr. Jim Smith's office called and said the appointment for you and him to see Wilbur Mills is at 1:00 PM today in H-208, the Capitol.  Sam Morrow advised and will be  standing by to take you up at 12:45.  Do you wish to have  a lunch at your desk before going to the Hill? YES NO 10:50 AM - Robert Ortner, Vice President and Economist with the Bank of New York, called and said you know him and he is planning to be in Washington with his wife on Monday through Wmdlitagday*xEgincxR2x Thursday, Feb. 22 - 25, and he would like to see you sometime while he is here to talk about economic affairs and problems.  He would be  delighted to invite you to lunch or to dinner with Mrs. Volcker, or whatever you would like.  3  Only things presently  on your cal. for those days is 9:30 AM FNMA Board on Tues., Feb. 23 (Connally is to testify before House Banking & Currency on extension of Reg. Q & discretionary wage and price controls at 10:00 AM that day -- don't know whether you will be involved or not); Wed., Feb. 24, is usual day to lunch at Fed Board and that evening from 6:30 to 8:30 is farewell reception for Cmr. Thrower. phone in NY is 530-3816.  Mr. Ortner's  Messages for Mr. Volcker  February 9, 1971  - 2 -  11:15 AM - Mr. McCamey called and said Mr. Petty would like to finish up with the OECD group a little earlier than scheduled and wondered if you could see Mr. Dow at 4:30 instead of 5:00 today.  I said that would be all right.  Mr. McCamey also said the briefing paperlbr your visit with Mr. Dow had said Dow wanted to see you privately. What Mr. Dow really meant by that was that he didn't want to bring his whole crew with him.  Therefore, Mr.  McCamey said that either Sam Cross or he (McCamey) would sit in to do a memcon when you see Dow. 11:20 AM - Mr. Jim Smith's secy called and said the JEC hearings at which Treasury will testify are now scheduled for Friday, Feb. 26, at 10:00 AM.  On cal.  11:30 AM -Mr. MacLaury is returning from his outside meeting this morning at 12:00 noon and will be leaving for New York from Treasury at 12:15 PM - for his 2:30 p.m, SIPC meeting at Chase Manhattan this afternoon. NOTE:  (per his office).  He will be returning from New York by 5:30 p.m. -- and into National about 6:30 p.m.  He expects to be back  in his office tomorrow morning.  He can be reached at  Chase Manhattan Bank this afternoon, if necessary,  - 3  Messages for Mk. Volcker  February 9, 1971  11:35 AM - Mr. Betts' secy called to say that you are invited to Gov. Connally's swearing-in on Thursday at 11:30 AM in the East Room, the White House (enter thru SW Gate), and they would like you to be in the East Room at 11:15 AM. I called Mr. Anson at the British Embassy and was able to shift Messrs. Pdamson and Whitehorn, of the Confederation of British Industries from 11:30 on Thursday to 10:00 AM that morning.  Fortunately, their schedule was clear at  that time so it was not necessary to do any rejuggling of their schedules.  I assume that half an hour will be enough  time for you with Hans Widenmann -- he's coming in at 9:30 that morning.  Messages for Mr. Volcker  - 4 -  Tuesday, February 9, 1971  1:55 PM - Mr. McGinnis (Mr. Jurich's Deputy) asked to see you about the Under Secretaries' meeting on Travel and Trade with Communist China February 11th.  scheduled for 4:00 p.m. on Thursday, tomorrow, Wednesday, February 10, I gave him 10:00 a.m./tentatively. Is it all ••• •I1  right to confirm?  YES  NO  (5264) 3:25 PM - Robert Cooper called.  He would 1_,ke to chat with you on  phone for a minute when you are free.  (5806)  3:00 PM - Katherine Malardi called to extend Chairman Burns' invi tation to lunch at the Fed tomorrow (Wednesday, February 10). said the Chairman will host.  She  Your calendar is clear.  ACCEPT REGRET Messrs. Snyder and Cook are free to accompany you; Mr. M4-ertrat.Ty had told Lorraine he was considering attending the SEC confirmation hearing on the Hill tomorrow morning and whether he attended the luncheon woul d depend on the length of the hearing.  She said she  would have his answer in the morning - and Mr.Coope r will also let us know Wed. a.m.  Mr. Weitienimatiith  will fill in, if needed, if invited early enough to cancel another luncheon date he !as. (Katherine - 147-2')1"  _ 5 _  Messages for Mr. Volcker  3:45 PM - David Kennedy returned your call.  February 9, 1971 101 - 21791  Mary said  he has a 4:30 appointment (I had told her Christopher Dow was due to see you at that time) and said she didn't think he'd be in his office much later than 5:30. 1 t'N't - Gov. Daane called.  He inquired as to whether you were attending  the Michigan-Illinois reception at the Madison tonight. him you had accepted.  I told  He will be there, and is anxious to see  you for a few minutes at the reception. 5:00 PM - Mr. Roosa called  I told him you had a visitor - and he said  he would call again tomorrow. 5:15 PM - Professor Wallich callede late.-  He expects to be in his office quite  I told him we would call as soon as your visitor left.  (A.C.203-436-8390) 5:25 PM - Jim Smith's office called and said the meeting in Dr. Walker's office tomorrow morning will be at 11:00 AM.  She described  it as a meeting with a group of commercial bankers and S & L people. 5:30 PM  On cal.  - Mrs, Volcker called to ask whether she was expected to go to the reception this evening (Michigan & Illinois Bankers Assns G at the Madison).  Told her we'd check with you when  your foreign visitor left.  Messages for Mr. Volcker  - 6 -  February 9, 1971  5:40 PM - Jim Smith stopped by and said to tell you that one little detail you and he overlooked was that we don't have a proposal for an extension of the IET on the Hill yet and it is a little hard for Mills to announce hearings on this on the 22nd until the proposal is up there  Mr. Smith said  he has talked to Bob Cole and he will work as fast as he can to draft a proposal and get it moving,  1  Messages for Mr. Volcker  NOTE:  Monday, February 8, 1971  calendar Mr. MacLaury has asked that we put a "hold" on your (about 30 for 5:00 p.m0 this afternoon - for Preston Martin min.)  He will confirm.  ' office you will have 9:25 AM - Is it all right Lo tell Mr. Betts  BELOW lunch in the Secretary's Dining Room? SEE YES NO 9:30 AM  Mr. Holmes called.  He said he would call about noon again.  position papers on Trust 9:35 AM - Mr, Flanigan called for Treasury's Funds and the Federal Finance Corporation.  I checked this  call Mr. Flanigan's with Mr. MacLaury -- and he suggested that I prepared and secretary to let her know that these were being would be delivered to him by c.o.b. today. 10:05 AM - AFTER CHECKING WITH STAFF OF OPIC BOARD, I INFORMED MR. BETTS' OFFICE THAT THEY EXPECTED THE BOARD TO MEET MOST OF THE DAY AND PLANNED ON HAVING FOOD BROUGHT IN FOR THE BOARD'S LUNCH AND, THEREFORE, NOT TO EXPECT YOU TO LUNCH IN SECY"S DINING ROOM UNLESS WE CALLED TO THE CONTRARY. THEY SAID THEY COULD FIT YOU IN AT NEARLY THE LAST MINUTE IF YOU DECIDED TO LUNCH HERE. Express called. 11:30 AM - James Robinson, Exec. Vice President, American He asked that the operator leave word that he had called and this would try to call back between 3:00 p.m. and 4:00 p.m. afternoon,  411•1•111.  Messages for Mr.Volcker  - 2 -  February 8, 1971  11:40 AM = Mr. James Reed called and I gave him 12:30 PM on this coming Friday to see you.  On cal.  12:15 PM - Mr. Holmes called again to see if you were back.  He'd  like to talk to you on the phone, if possible, sometime before he leaves the Bank at around 3:00 PM to come down to Washington.  He'll be lunching in the Bank at 1:00 and  can be reached in the dining room during the lunch period. .„ 2:45 PM - Mr. Snyder called to check on whethet or not to come down to see you; it developed that Mr, MacLaury has Art Laffer with him and someone Ote coming at 3:00, which won't take very long, and wi].,i be free after that  Told Mr, Snyder  you'd been called in by Gov. Connally and we'd call when you were f e  - it might be after your appointment with a  foreign vi itor at 3:00 (Sqhmi62. 2:50 PM - Dr„ Burns returned you  call.  2:55 PM - Mr, J. W. Keener, on the Board of the Federal Reserve Bank of Cleveland, called you from Akron and would like you to return his call (his seç. said they were having very bad weather there and Mr  keener would probably be leaving the  office at 4:00 -- thlir time is the same as ours -- so if you don't have a chance to return his call before 4:00 today, she suggested you call tomorrow). AC 216 - 253-4006.  Call back Akron Operator 6,  Messages for Mr. Volcker  - 3 -  Mon., February 8, 1971  ttit A jLfr 4:45 PM - James Robinson called again.  0  He asked that his call be 40.  returned - and can be reached in New York on 944-2559. A.  6  say that Gov. Connally has 4:15 PM - Blanche Ferguson called to 0 a,,m. on requested that a meeting be arranged for 10:0 invited you, Monday, February 15, in Room 4426 - and has enbaum, MacLaury Dr. Walker, Messrs. Petty, Cohen, Weid and Pierce to attend.  She indicated that this would be  's role in a "brain -storming" session on Treasury lems - and solving major economic and financial prob should be concluded by noon.  ON CAL.  call him. 4:45 PM - Mr. Bergsten called and would like you to 103 - 5026 5:45 PM - Jim Mitchell of Chase Manhattan returned your call. will wait for your ca NOTE:  He  A.C. 212-552-5774.  Mr. Petty is standing by.  called and asked 5:00 PM - Sue Steiner called and said State had experts if you could see the 3 or 4 CDU Bundestag economic referred to in attached cable for about one hour. 11:00 AM on Monday, March 15.  I suggested  Miss Steiner will send you  a memo confirming this. to leave for the 6:35 PM - Mr. Petty's secy. called and said he had evening.  Messages for Mr. Volcker  Friday, February 5, 1971  1  8:15 AM - Bill Simon called from New York.  He was going into an early  morning meeting - and said he would call back sometime this morning. 9:40 AM - Professor Wallich called.  He said he had spoken to you at  the staff meeting this morning - and asked for a convenient time when he might come in to see you.  I gave him 3:00 p.m.  ON CAL. 10:20 AM - Mr. Sauer's secy, called and said he was bringing with him to the 11:00 o'clock mtg. Patrick Dugan, ComptrollerTreasurer, and Warren Glick, Sr. V.P. for Finance. 10:30 AM -  ill Simon called again and said it wasn't anything urgent he'd just like to chat with you on the phone when there is a chance.  NYC - 747-7026  11:45 AM - Mary Lou Shields, in the Office of the Chief of Protocol at State, called and said that Prime Minister Emilio Colombo of Italy is coming to Washington on Feb  18 with his Foreign  Minister, and the Office of Protocol has been asked to call up various people -- what is known as an "economic group" -to meet with the Prime Minister at Blair House at 11:00 AM on Friday, Feb. 19th -- the meeting will last about one hour. She said she was calling me first because she didn't know how to get in touch with Gov. Connally (I told her) and, inviting in addition to/Connally and you, she had been asked to sound  - 2 -  Messages for Mr. Volcker  February 5, 1971  would have any objection out Gov. Connally as to whether he ing Kennedy.) (The Italians had suggested includ attend as well/ I told to their inviting Secy. Kennedy to Gov. Connally. her that Rose could clear that with  They are  , Secy. Stans, and also inviting Chrm. Burns, McCracken Samuels of State.  19th. Your cal. is clear at 11:00 AM on the  OK to say you will attend? YES  (Miss Shields - 9 - 632-1676)  )(  NO uiry, Miss Shields said Incidentally, in response to my inq would be on the Italian they didn't know yet who the others the Foreign Minister. side beside the Prime Minister and Rogers among the list I also noted the absence of Secy. been told to "inform" she had given me; she said she had t sometimes he liked to Secy. Rogers of the meeting -- tha sit in,  - 1 -  Messages for Mr. Volcker 10:00 AM - Judge Pierce called.  Thursday, Feb. 4  He would like to talk with you on  the phone and asked that his call be returned. 10:30 AM - Mr. Samuels called.  1971  (2093)  He is anxious to have a quick word  with you before he leaves Washington for New York at 12:00 noon today. 11:45 AM - Message from  (101-20410)  the Secretary's Operator,  There will be  a staff meeting at 8:45 a.m. tomorrow, Friday.  ON CAL.  s sometime 11:15 AM - Mr. Webster would like to see you for ten minute today on a personal matter of some importance to the Treasury.  He said he would be in his office until he  leaves at 12:15 for the lunch for Secy. Kennedy and will be in his office after the luncheon if there is not a chance to see you before lunch. 1 9.30 PM - Lorraine called and asked if you would be free to see Mr. MacLaury and the financing group at 5:30 today. I told her you would. National Bank) 2:35 PM - Mr. Tillson of Mr. Jennings' staff (Riggs to called about the invitation Mr. Jennings had extended Black Tie you and Mrs. Volcker to attend the reception and Annual Banquet by the American Institute of Banking in the ay, Feb.20 Palladium Room of the Shoreham Hotel on Saturd as yet He said reservations since he had nototten your RSVP are closing, and he asked whether he might have your (783-5600 Ext. 297) response by tomorrow morning - at the latest,  •  Messages for Mr. Volcker  - 2 -  3:50 PM - Mr. Sauer of ExImBank called.  Thursday, February 4, 1971  He said he had been talking  with Mr. Carlock the past two weeks about revamping the EximBank notes and putting them on a different basislL and wondered whether he might come in to talk to you (with Mr. Carlock) about this tomorrow morning. W. Carlock is (Friday) free at 11:00 a.m. tomorrow morning/, Is it all right to let Mr. Sauer know that you can see him at 11:00 a.m0 and to confirm this time with Mr, Carlock? YES NO (Mr. Sauer - 382-2361) 4:00 PM - NOTE:. /Jal Reynolds is on sick leave today; he is expected in tomorrow, and will be in at 10:00 a.m0 to see you.  Cal. Noted,  Mr. Carlock says this involves the rates Exim pays on their borrowings from us and the longer an agreement is postponed the more Exim benefits, -- ;0 it shouldn't be put off any longer than necessary. He said Mr. MacLaury is interested and would probably like to be present but I find Mr. MacLaury has meetings out of the building scheduled from 8:45 AM tomorrow until about 4:00 PM and Mr. Sauer had told Pearl when he first called that he didn't want to do it aftcr 3:00 PM on Friday,  When I called back to double check, Sauer  •  Messages for Mr. Volcker  - 3 -  February 4, 1971  had already left the office for the day and his secy. didn't know why he had said he couldn't do it after 3:00 on Friday but said she'd check with him in the morning and let us know if he could arrange to do it at 4:30.  If you feel it isn't essential  for Mr. MacLaury to Atixat be present, we could arrange for 11:00 with just Mr. Carlock.  Shall we:  Arrange for 11:00 without MacLaury Try to get Mr. Sauer to arrange to be here at 4:30 PM  Messages for Mr. Volcker  - 4 -  February 4, 1971  6:30 PM - Mr. Jim Smith called and said to tell you that he and Mr. Cohen have a 10:00 AM date with CongressmanAlra Byrnes tomorrow and that you and he had talked about the prospect of combining this with a visit from you to Byrnes on the debt limit.  Mr. Smith said he'd be in his office  for a while if you wish to discuss this with him.  We can  shift Mr. Reynolds from 10:00 AM tomorrow to a later time.  Messages for Mr. Volcker  - 1 -  Wednesday, Feb03,1971  9:40 AM - I have given Mr. Jurich 10:00 a.m. tomorrow (Thursday, February 4).  He has asked for about 20 minutes to talk  about Japan and Okinawa.  ON CAL,  10:05 AM - Mr. Auten's secy called and said he had checked with the JEC this morning and the only Government witnesses theylhave scheduled thus far are:  Friday, Feb. 5 -  Mr. McCracken; Monday, Feb. 8; Connally; Tues., Feb. 9:  Shultz.  JEC said they were putting out a release  to this effect sometime today. In this connection, when I was checking around to try to find out how long the Treasury testimony might last -so we'd know what to do about shifting Schmitz' 3:uj PM appointment on the 8th -- Mr. stark, of JEC, said he thought the Cmte. would finish with Treasury on the morning of the 8th (which I think still is optimistic) and, in any event, they would not have Treasury back on the 9th because they had Shultz scheduled and it is not the practice of the JEC to postpone witnesses, once scheduled. I also talked to Gene Knorr, who had no opinion on how long the Treasury might be kept testifying, but he did say the JEC had reversed their usual practice of having Government witnesses first and then having people from  Messages for Mr. Volcker  - 2 -  February 3, 1971  private people the private sector and have been having the the purpose of for the last couple of weeks, evidently for on before they building up a case against the Administrati start quizzing Administration witnesses.  I asked if we'd  y of the private been having anyone up monitoring the testimon sector people; Mr. Knorr said no,  1 -  Messages for Mr. Volcker Reminders:  1)  Tuesday, February 2, 1971  Mr. Carlock said you would want to see Sid Sokol and Dave Mosso (separately) sometime today.  2)  Do you want to try to reach Peter Petersonsithrough his office in Chicago this morning?  and said 10:45 AM - Mr. Dyche, our Treasury Rep. in Tokyo, called he has been in Washington for about a week now on the negotiations with Japan and will be leaving late this afternoon to return to Japan, before leaving.  He would like to see you  I gave him 2:30 this afternoon.  He can  be reached on 2631 or 2632 if necessary to change appt. 11:00 AM - I've given Marty Miller 4:30 PM this afternoon to see youc On cal. 11:05 AM - NOTE:  Mr. Crispi's secretary delivered the hat you left at tha Crispi residence on Sunday night. (ON RACK)  11:40 AM - Judge Pierce asked whether he might see you at 12:00. I told him we would call on your return from the White House. Is it all right to tell him to come in at 12:00 noon? YES  NO  (2093)  •  1  Messages for Mr. Volcker  8:55 AM - Mr. MacLaury called.  Monday, February 1, 1971  He would like about a half hour with  you at your convenience this morning  •N  to discuss various  things that had happendd while you were away. 9:00 AM  Mr. Petty called.  He would like to see you as soon as you  He is leaving for Caracas tomorrow for the  have come in.  IDB meeting and won't be back until next Monday, February 8. (2522) 10:00 AM -  Is it all right to t 1L,M '0 Betts' office thatiouwi1l lunch in the Secretar YES  Dining Room today? NO  (5391) 10:05,AM c'te  Miss Boyd  called for Mr. Peter Gilsey again this morning --  to inquire about getting together for lunch sometime this week, either today .  (This appears also on the message sheet dated  January 21-29.) 10:15 AM  *NOTE:  or tomorrow, Tuesday, 3/2  -- Miss Boyd - 298-7830.  We have just been informed by Mr. Betts' staff that the Secretary is having a closed luncheon in the Dining Room today,  Messages for Mr. Volcker  - 2 -  February 1, 1971  10:15 AM - Gov.Daane called and said to tell you that Ossola told him at the dinner last night that he, Ossola, would like to have a few minutes alone with you and Gov. Daane sometime on Wednesday. 10:30 AM - Mr. MacLaury called and said he still has as list of things to discuss with you and, secondly, if you have a note from Mr. Petty on the Ossola luncheon, he, MacLaury, would like to put in a plea to attend if there is room. 10:35 AM - Mr. Willis would appreciate knowing whether or not he may firm up the Volcker Group mtg. tentatively scheduled for 5:30 PM tomorrow. YES  ()%vj''  tx_ •  NO  •  _ 3  Messages for Mr. Volcker  Mondayj February 1, 1971  12:55 PM - Judge Pierce asked to see for about 20 minutes and I have given him 9:30 a.m. tomorrow, Tuesday, Feb. 2.  ON CAL.  (His secretary was unable to say what it was about.) 12:45 PM - Cherie called and said an invitation had been extended to you through Mr. Beach to attend the 10:30 tM meeting tomorrow in the East Room of the Cabinet and Sub-Cabinet re the State of the Union.  Cal. Clear.  OK to say you  will attend? YES NO 2:40 PM - Inrraine called and said Mr. MacLaury will be in New York on Wednesday negotiating the loan on SIPC. 3:15 PM - NOTE: Alan Wade mentioned, with reference to the transcript of the confirmation  hearing on January 28 (Thursday), that  Gov. Connally was being recalled for a further hearing before the Senate Finance Committee at 10:00 a.m. tomorrow (Feb. 2) because of the NY TIMES story (in this morning's clippings) concerning tl-e Richardson Foundation. 3:35 PM - Bill Ross of FNMA ciled.  He said he wanted to talk with you  about sales of mortgages, and asked that his call be returned.  --(293-6066)  3:45 PM - Peter Flanigan called.  He asked that his call be returned.  Messages for Mr. Volcker 4.35 PM  Bill Ross called again°  _ 3 _  Monday, February 1, 1971  (293-6066)  4:45 PM - Judge Pierce has asked that we cancel his appointment with you at 9:30 acme tomorrow morning.  He has been asked to meet with  Gov. Connally at 8:30 acme and he may be accompanying him to the Hill tomorrow morning.  THE DEPARTMENT OF THE TREASURY  DATE TO  January 27, 1971  Secretary's Operator Room 1049-F _  FYI:  Mr. Volcker expects to be at: Hotel de Vesuvio Naples, Italy -- Wednesday night and Thursday night reservations, January 27 - 28. -- Friday, A.M., January 29 Lv Naples by train for Rome If necessary to contact Mr. Volcker while he is in Rome, please call Ralph Karp at AmEmbassy. OUP  /la  Lv Rome for Washington on Saturday or Sunday, January 30, 31. (He is undecided as to the date.)  pjb 4.4ir  UL A. VOLCKER. Room 3312  Ext. 5635  - 1 -  Messages for Mr. Volcker  January 21 - 29, 1971  Thursday, January 21 2, from 3:00 PM 11:00 AM - Mr. Willis asked us to hold Tuesday, Feb. visit on for a possible Volcker Group meeting on the Ossola and Burgenstock meeting.  He will not arrange until you  return and he discusses with you but wanted us to hold some time in case you decide you would like to have a VG mtg. On cal. d to invite 3:15 PM - Miss Naylor in Mr. van Campenhout's office calle you to an informal, stag dinner he is giving in honor of Dr. Wolfgang Schmitz, Pres. of the Austrian Natl. Bank, at 8:00 PM on Sunday, Feb. 7, at his home, back I explained you were in Europe and probably wouldn't be until Feb. 1st; she is content to wait until you return for a reply.  Cal. clear.  (9 - 477-3023)  ACCEPT REGRET Monday, January 25, to set 11:45 AM - Peter Gilsey's secy. called and said he would like up a luncheon with you  on personal business':  He knows  you are in Europe and won't be back until Feb. 1st. Your cal. is clear for lunch on Mon., Feb. 1, Tues., Feb. 2,  - 2 -  Messages for Mr. Volcker  January 21 - 29, 1971  Monday, Jan. 25 (Cont.) and Thurs., Feb. 11. Mon., Feb. 8, Tues., Feb. 9,  Do you  lsey on one of these days? wish to have lunch with Mr. Gi (298-7830) YES NO DATE the te you and Mrs. Volcker to vi in to ed ll ca e an Da s. 1:10 PM - Mr daughter, at the Georgetown r ge un yo r ei th of g in en st ri ch Street, N.W. (31st and P) -P 15 31 , ch ur Ch an ri te by es Pr on Sunday, January 31 after which everyone is /m. a. 0 :0 11 at e ar s ce vi sa the r lunch -invited to the Daane home fo PHONE  .  d be back in time to attend.) (Mrs. Daane hoped you woul Tuesday, January 26 d by. He has an award pe op st s nd Bo s ng vi Sa of 10:30 AM - Marty Miller on Metcalf, the 1970 rd Go om fr u yo to t en es and memento to pr s Bonds Committee - and ng vi Sa al ri st du In S. Chairman of the U. He can come in at s. er tt ma d te la re on u also wants to see yo on Monday; or late Tuesday e, nc ie en nv co ur yo at , any time dnesday, Thursday or Friday, We or .; pm 00 4: r te af afternoon on r that week, he will be te Af 1. b. Fe ng ti ar st of the week told that word would be left s wa er ll Mi . Mr n. ai the road ag ) uld botree to see him c{2219 wo u yo en wh to as y ar et cr with his se  Messages for Mr. Volcker  - 3 -  January 21 - 29, 1971  Tuesday, January 26 dard, of Morgan Guaranty, 12:55 PM - Nancy called and said that Don Stod d like to would be in Washington on Tues., Feb. 2, and woul at 9:30 AM see you to say hello; he's seeing Mr. MacLaury d Mr. and Mr. Carlock at 10:00 AM that day, so I suggeste you around MacLaury bring him in briefly to say hello to 9:50 or 9:55 AM.  On cal.  called and raised the 3:20 PM - Mr. MacLaury said Derek Mitchell has see the Secy. question whether Figgures should come in and route to the when he is in Washington on Wed., Feb. 3, en be Figgures' Burgenstock meeting at Tarrytown -- this will swan song.  ate Oscar Mackour feels this would not be appropri  ures. and Mr. MacLaury wondered if you could see Figg  Mr.  should see MacLaury had told Mitchell he thought Figgures thing for Figgures. the Secy. and feels obliged to arrange some  4:15 PM  On cal. I suggested 4:00 PM Wednesday, Feb. 3rd. called to talk with you Congressman Wm. Bray of Indianapolis in Indiana is retiring) for about filling the vacancy (someone Savings Bonds State Chairman.  He asked that he be transferred  away, to Mr. MacLaury when he learned you were with el the Feb. 3rd appointment canc we that d aske aury MacL 5:20 PM - Mr. aury will see him instead at MacL Mr. es. gur Fig Mr. for you 11:00 arm. on  Thursday, February 4th.  (Cal. Noted)  Messages for Mr. Volcker  - 4 -  January 21 - 29, 1971  Wednesday, January 27 11:15 AM - James Reed called from New York.  He was Assistant Secretary  at Treasury with former Secretary Robert Anderson and is now a business partner of his.  He said he has called several  times previously with a question he wanted to discuss with you only and wondered now whether there might be a possibility of seeing you while he is here in Washington on February 12, NOTE:  The Treasury Consultants meet from 9:30 a.m. to 4:30 a.m  on Friday, February 12 Mr. Reed will call again on February 9.  He had mentioned a  time either before or just after lunch on the 12th for his visit with you, should you be free. Is it all right to tell him YES If yes,  at 12:30 PM  will see him on the 12th? NO 2:00 PM  or  5:00 PM Thursday, January 28 10:40 AM - Mr, Willis called about the time being held on Tuesday, February 2 (from 3:00 pm) for a Volcker Group meeting on since Ossola visit and Burgenstock meeting. He said/Mr. Petty will e away on both Tuesday and Wednesday of next week, he suggested that we also hold 11:00 a,m. to 1:00 p.m, on your calendar on Monday, February 1, for the Volcker Group until other members could be consulted and the date and--time firmed. (Cal  Noted.)  Messages for Mr, Volcker  - 5 -  January 21 - 29, 1971  Friday, January 29 10:30 AM - Mary Ann Allin called re the luncheon for Mrs. Kennedy on Feb. 8 that Mrs. Volcker had told her about and expressed some concern because it is her impression that Mrs. Kennedy hasn't firmly committed herself and Mary Ann has learned that it is evidently a larger lunch than she had thought she found that Mrs. Betts had been invited and Mrs. Cohen bought a gift for Mrs. Kennedy.  Mary Ann said she doesn't  have any details about the lunch -- the time and place -and, if it is being planned as a surprise luncheon by the wives of Treasury officials, she is not sure that is such a good idea -- the surprise part, that is -- because Mrs. Kennedy has been rather emotional about the turn events have taken.  I believe Mary Ann would very much appreciate it if  Mrs. Volcker would call her and discuss this with her. 12:15 PM - Marty Miller stopped by and said it is now even more important that he see you early next week on something that has a bearing on the operation of the Cmte. -- someone suggested that he see you because of something that only you can do.  Shall we fit him j,i on Monday or Tuesday? YES NO  (Y."  Messages for Mr, Volcker  - 6 -  January 21 - 29, 1971  12:30 PM - After casting about for a time on Monday or Tuesday agreeable to the principals of the Volcker Group for a meeting of the Group preparatory to the meetings on Wednesday with Ossola on limited exchange flexibility, European monetary unity, etc., Mro Willis finally hit upon 5:30 PM on Tuesday and has reserved 4426 for such a meeting if you are agreeable.  On cal.  12:45 PM - Sue Steiner,in Sam Cross's office, called and said that Mr. Dow will be in Washington with the OECD Group for EDRC, for meetings with State, CEA, Treasury, etc. on their review of the U. S. economy, from Feb. 8 thru the 10th.  In times  past, you have wanted to see Mr. Dow when he was here on such missions, and she wondered whether you would like to see him on this occasion.  Mr. Dow & Co. will be in the  Treasury on the afternoon of the 9th and should finish up in time for him to see you at 5:00.  Your cal. is clear at  that time; would you like to see Mr. Dow then? 1  YES 5 NO X111/-  - 1 -  Messages for Mr. Volcker  9:00 AM - Mr. Petty called.  Wednesday, January 20, 19.1  He said he has a "host" of things to tatk up  with you before you get away this evening and asked whether he might see you at 11:30 a.m. this morning. C Onail  He is aware of the  ttee sessions this morning, and the financing disuussions  that are involved.  (He will be out of the building between  2 and 3:30 p.m0 this afternoon.) I told him I would put him down for 11:30 a.m. tentatively - to be confirmed. Is it all right to confirm?  YES  NO  OTHER (2522) 9:40 AM - Mr. Jurich called.  He would like to see you for about 20 mine.  sometime today on German offset. 12:55 PM - Mr. Hirschtritt stopped by.  (5264)  He would like to see you for a  few minutes this afternoon, if possible. 1:50 PM - Mr. Bergsten returned your call.  (2803)  He has a 2:15 mtg0 in his  office and will be tied up until he has another meeting at 4:00. 3:15 PM - Gov. Daane's office callecL  He hadn't remembered whether he  had told you that Ralph Bryant of the Division of InternaeKTal at the Fed Finance/was going to Sicily incy place.  Messages for Mr. Volcker  10:00 AM -  - 2 -  Wednesday, January 20, 1971  Mr. James Robinson, Executive Vice President of the American Express, called from New York.  He said he had  been in touch with Mr. Roosa -- and wondered whether you could meet with him, Wm. Morton, President of American Express, and R. F. Blanchard, who is Executive Vice President and also President of American Express International Banking Corporation -- at 10:30 a.m. or 11:00 a.m. on Wednesday, January 27, when they were going to be in Washington -- to follow up on the discussions they had personally had with Mr. Roosa. 1•111. .11  I told Mr. Robinson you were leaving Washington this evening for a Conference in Sicily - and your plans presently were to return on either Saturday or Sunday, January 30 or 31.  -- Mr. Robinson asked that you be given the message that he had called  and also that he and the other two  men would like very much to meet with you at your convenience, either in New York or in Washington.  They  can arrange to come to Washington, if it is more convenient for you  --  sometime either during the 1st half  of February of the fitetOree weeks in February. ••• .111Mo  I asked whether you could reach him at. r office today 34a._., if kR you had a free minute -- and he will be in all day, otherwise, it probably would be on your return to Wash. when you would contact him. His phone: NYC:944-2559  Messages for Mr. Volcker  NOTE:  1  Tuesday, January 19, 1971  to Chairman Burns has accepted the invitation/the Treasury Financing luncheon in the Setretary s Dining Room tomorrow, Wednesday, January 20e  ON CAL.  11:15 AM - Mrsc Eichman of OPIC called to double check that you would not attend the OPIC Board lunch today -- I told her you would not.  I also asked if she knew yet whether  or not the Board would resume meeting after lunch; she said they would -- at the Board of Trade Bldg., where they are meeting this morning -- from 2:15 to 4;00 PM, when they'll adjourn to go to State for the 4:30 swearingShe also told me about the 6:30 to 8:30 reception Mr. & Mrs. Salzman are giving at their apt., 1100, Watergate West, for Board members and their wives plus members of Congress & others -- about 100 in all. 12:25 PM - Mr. Nelson stopped by and said he needs to see you for tro,o or three minutes sometime today, preferably in person but he can do it on the phone if necessary. 12:30 PM - Mr,Cross said he had talked to Korp, who said Ossola, in talking about his forthcoming visit to the U. S., had hinted at, but did not want to push for, an opportunity to see our new Secretary of Treasury, Connally, if possible. Evidently, Mr. Ossola does not want to mak.a formal request but would be pleased if you saw fit to reconunend to Gov. Connally that he see Ossola while he is here, if  Messages for Mr. Volcker  - 2 -  January 19, 1971  Connally can fit it into his schedule.  If you would  care to so recommend to Connally, Mr. Cross will be glad to prepare a memo from you to Connally along these lines. YES NO Incidentally, I had asked Mr. Cross to find out from Korp whether or not Mr. Barr ever saw Carli; Mr  Korp  said Mr. Barr did and gave Carli a Barr dollar and got Carli to autograph a Carli lira for Barr -- they evidently renewed acquaintances and had a pleasant visit. 2:30 PM -  Gov. Daane called.  He asked that you be given the message  that he is not going to Sicily.  He also wanted to find  out if he could be of any help with the financing group  MID  , 1 1  should it go into a financing discussion this afternoon, he thought he might come over and join the group.  I  told him that you had indicated you might attend the OPIC Board meeting for a while this afternoon - and also mentioned the fact that you and the other Board members were scheduled to be sworn in at the State Department at 4:30 PM. He suggested that I convey the information about the financing discussion to Mr. MacLaury -- and this has been done  •  r  Messages for Mr. Volcker PENDING:  (1)  - 1 _  January 18, 1971  Mr. Nelson stopped by Friday afternoon while Mr. Willis was with you and waited for a while hoping to talk to you about his memo on the swaps but decided to wait until Monday morning.  (2)  Rex Beach stopped by and would like a private talk with you sometime Monday, hopefully, although he said it wasn't urgent.  4  I  J  11•111=11M\  Messages for Mr  Volcker  9:05 AM - Mr. Kearns called.  - 2 ,  Monday,January 18, 1971  He askarthat his call be returned.  (128-21131) 907 AM - Mr, Widenbaum stopped by with the message:  "Looks pretty  definite that 1065 rather than 1070 will be the number." He indicated he would be out most of the morning. 9:10 AM  Mr, Petty called.  He and Mr. Cates wondered whether they  could come in to see you at 12:30 p.m0 today on Canada. I have tentatively put this on your calendar and told Mary M. I would have to confirm - since you do have someone coming in at 12:00 noon (Mr. Morris). -- Is it all right to confirm the 12:30 appointment with Mr. Petty and Mr. Cates? YES NO (Mr. Petty is having lunch at his desk - and his time between 12:00 noon and 2:00 pm is flexible.) NOTE:  Is your appointment with Mr. Morris a luncheon appointment?  YES  NO  9:18 AM - Mr. MacLaury stopped by with a question on who whould be invited to the financing luncheon on Wednesday Governor Daane?  -(5848)  Chairman Burns and/or  Messages for Mr. Volcker  - 3 -  Monday, January 18, 1971  Treasury 10.00 AM - Mr. MacLaury has arranged for the/financing group to meet with you in your office at 4:00 pcm. (Messrs. MacLaury, Carlock, Snyder, Cook (and Mr, Fitzpatrick, if he is back).  ON CAL.  11:00 AM - Mr. Bradfield called to talk with you, but left the following message since you had someone with you: "OMB has decided against us on the OPIC matter.  Their  rationale is as follows: 1)  NAC Exec.Order giveWclear indication of its involvement in this area.  2)  OMB did not think it was appropriate to specifically define the scope of its involvement with NAC at this time.  3)  As far as OPIC's participation in NAC is concerned, NAC has power to invite OPIC.  Executive Order has not gone forward yet, but is expected to do so this morning." NOTE:  Mr. Bradfield has gone into the NAC Alternates meeting in Conference Room 4426 - which started at 1L00 a.m. this morning and is expected to continue for about 1 -11/2 hrs.  0  Messages for Mr.Volcker  January 18, 1971  - 3 -  called and 11:40 AM - James Reed, of Robt. B. Anderson & Co., would like you to call him.  (On gold medal matter.)  NYC - 582-1424 and said she talked to 11:50 AM - Mrs. Eichman of OPIC called of the Board you on Sat. and told you the swearing-in been changed would be at 2:30 tomorrow but now it has State -- Justice to 4:30 in the John Quincy Adams Room at Brennan will do the swearing in.  She would like to know  her on the if Mrs. Volcker will attend so she can put list for clearance into State.  She said OPIC Board  Board of will meet at 9:30 AM on the 7th Floor of the N. W., and will break for ftla iiekTrade Bldg., 1129 - 20th St.,  t  tke 4-Alunch i9P, wi)0 e.,04, 4.t..4  She presumes the after lunch til time :71111. Board will return to the Board of Trade Bldg./un 1 14 17 4:  1,0;  at 12:30 at the Madison Hotel.  for the swearing-in.  t.,0440  After the swearing-in, there will  \  ce, be a short business meeting in Dr. Hannah's offi ussed Rm. 5951, at State, to vote on the matters disc earlier in the day. . wants Mary Harris doesn't know exactly what the Secy he to discuss with you and Dr. Walker -- he just said of you had several things he wanted to discuss with both together.  Dr. Walker is out of town and will not return  ctly until 4:15 tomorrow and was planning to come dire  January 18, 1971  Messages for Mr. Volcker  ifrit//R  to the Treasury for the meeting with Secy. & you at  71 — 4:45 PM. -0/"" 04 ?tlir ‘Li70,  Mary said the only other time she could think  of for the meeting would be at 8:15 on Wednesday morning. I told her I would pass this on to you and let her know what you wish to do.  12:05 PM - Miss Sabo at the Austrian Embassy called to say that the President  of the Austrian Natl. Bank, Wolfgang  Schmidt, will be in Washington on Monday, Feb. 8, and has asked to see you on that S. only day he will be here. she said was fine.  which is the  I suggested 3:00 PM, which  (Miss Sabo - 483-4474, Ext. 52)  12:30 PM - Mr. Carlock would like to see you with Messrs. MacLaury, Snyder and Cavanaugh on the interest rate on disaster loans and hopes they can see you after you have seen Gov. Daane and before Mr. Wren arrives at 3:30. 12:45 PM - Mr. Leibling called and wanted to see you on your question re the deflator used for last year  in  connection with your question on page 16 of this year's Economic Report.  (I checked with Mr. Auten and he said  Mr. Leibling had gotten the deflator used latt year on a subrosa basis; Auten ix has asked Mr. Leahy to see if he can get it on an official basis -- in the meantime, Auten thought Ivir knIws.  5781  Leibling could tell you what he  _ 5  Messages for Mk. Volcker  January 18, 1971  1:00 PM - Mr. Puten called and would like to speak to you on the phone.  5914.  Leome thought he would be there until  about 1:20 or so before going to lunch. 2:45 PM - Mr. Auten called again -- follow up on your earlier question about last year's deflator. 2:47 PM - Mr. Butler returned your call.  NYC - 552-3703  4:30 PM - Mary Harris decided to reschedule the 4:45 PM meeting tomorrow for 8:15 AM Wednesday.  She said if you have  difficulties with that, please talk to her. 4:40 PM - Bess Voight, in Mr. Hayes' office at NY Fed, called and said Mr. Holmes is on his way to Washington and is bringing with him copies of a talk Mr. Hayes will make to the NY State Bankers Assn. next Monday and will either deliver 2 copies to the Secy's office or to your office -- they'd like comments ASAP. 5:15 PM - Mary Inn Allin called and said the Secy. will not be able to attend the IBA Cmte. dinner tomorrow evening.  Every  year on about the anniversayy of Inaugural, the Cabinet hosts a dinner in honor of the President.  The dinner this  year had been scheduled for another date but has just been shifted to tomorrow evening at the request of the President -therefore, the Secy. wanted you to convey to the IBA Cmte. his apolthgies and regrets at not being able to be with them.  January 18, 1971  - 6 -  Messages for Mr. Volcker  5:25 PM - Mr. Schlesinger called and would like you to call him. He said it was not urgent and not to interrupt you but just ask you to return the call.  103 - 3864  5:30 PM - Mr.Willis asked for sometim time before you leave for Sicily for himself, Mr. Dale and Mr. Cross to see you about Taormina.  I explained the congested state of your  calendar and he asked met to try to give them half an hour after your press backgrounder on Wednesday.  I've  made a note of this on the calendar. 6:15 PM - Mr. Kearns called again and would like you to call him. 128 - 21131 NOTE:  Is it all right for me now to tell Mr. Crispi's secy that you will attend the two dinners he is giving for Ossola but that Mrs. Volcker will not attend either. YES NO  gr.  Messages for Mr. Volcker 9:05 AM  , 1 -  Mr. Jurich called.  Friday, January 15, 1971  He asked for a few minutes with you this  afternoon to discuss the German Offset - and can come in at your convenience.  (5264)  9:30 AM - Joseph Segal of the Franklin Mint called.  He referred to the  discussion he had with you yesterday, and would like to have about two minutes with you on the telephone sometime today. He said he has information to confirm the question discussed. Mr. Segal was going to call in again, since he said he would not otherwise be reacheable during the day. Shall we put Mr to take it?  Segal's call though, should you be available YES  NO  11:20 AM - Mr. James A. Reed, of Robert B. Anderson & Co. (former Secy. of Treasury Anderson's firm), called and would like you to call him.  I explained you were in a meeting and  it might be very late in the day before you were able to make any calls but he just left word for you to call him. NYC - 582-1424  (I talked to Tom Wolfe about the Segal call  and found that Jim Reed, former Asst. Secy, of Treasury, is the lawyer for the Franklin Mint in their effort to get the gold regulations changed so they can mint gold coins in their plants abroad.  I've dug out the file on this  matter and it is on top of your "In" box.) 12:15 PM - Mr  Cates cancelled his request to see you; he is sending you  memoranda on the matter.  •  NOTES  Friday, January 15, 1971  - 2 -  Messages for Mr. Volcker  Arnold Clift of the British Embassy called late yesterday afternoon, Thursday, February 14, to say that Mr. Adamson, who is Director General of the Confederation of British Industries, and Mr. Whitehorn, Deputy Director General, will be in Washington on Thursday, February llth,and Friday, February 12th, and would like to have a short talk with you.  Mr. Clift mentioned that you had seen John Davis,  the former Director General.  The only thing Messrs. Adamson  and Whitehorn have on their schedule) other than lunch on Thursday, the 11th, is a 3:00 p.m0 appointment on the same day, -- otherwise the appointment can be at your convenience. : S6 445-A 6. C,  Your calendar is clear on both Thursday and Friday, Feb. 1112.  Do you wish to see Messrs. Adamson and Whitehorn? YES  (V A  NO OTHER -- Mr. Clift - 462-1340-Ext. 439, or ki in his absence, he suggested that we call Mr. Charles Anson, 1st Secretary in the Commercial Department of the Embassy. NOTE:  Mr. Mackour just stopped by to inquire whether the call had come in requesting an appointment with you.  He asked about the probability of your  seeing them and will provide a briefing paper, if you would like to have one.  *8003)  I  Messages for Mr. Volcker  - 3 -  January 15, 1971  3:50 PM - Frank Saul called you from NYC and would like to speak to you on the phone this afternoon if there is a chance.  NYC - 943-3300  January 14, 1971  - 3 -  Messages for Mr, Volcker  3:40 PM - Mr. Betts office called to say the farewell luncheon for Secy. Kennedy is now rescheduled for 12:30 PM on Thursday, Feb. 4, in the New York Suite at the Mayflower. On cal. 4:00 PM - Mrs. Kelly, in the office of Mr. Palamenghi-Crispi, called to say that Mr. Ossola, Chrm. of the Deputies of G-10, will be coming to Washington the end of January and Mr. SLispi are . 12:L and .  vi  they wish to invite you and  two dinners for him to which VoTcker.  One is at  d, °1/77t#7 /  8:00 PM on Sunday, January 31, black tie -- at their home, e  ;/  and the other is an informal buffet dinner at 7:00 PM Wednesday, Feb. 3rd, also at their home. on______ for an answer as soon as possible.  She asked  I explained you were  planning a trip to Europe and I was still not quite sure of the time of your return but promised to give her an answer just as soon as this became clarified. Noted on cal.  477-3301  She added that if, for any reason, Mrs.  Volcker could not attend either one or both of the dinners, they would very much like to have you alone.  Messages for Mr. Volcker  - 2 -  January 14, 1971  12:15 PM - Mr. Cates' secy called and said he is seeing Mr. Handfield-Jones at 4:00 this afternoon, who is bringing down a message from Bill Wood, and Mr. Cates would like to see you to tell you what the message is.  I suggested  that he see you right after Secy's staff in the morning, which Dr. Walker is chairing and which Mr. Cates will attend. 2:40 PM -  Mrs. Eichman, on staff of OPIC, called to say they still have not received word from the White House about the swearing-in of the Board but the tentative plans -- and they are still tentative -- is not to have the dinner on Monday night, Jan. 18th, but for the Board to meet all day on Tuesday, the 19th, with a luncheon at a place yet to be selected, and to break for the swearing-in; that evening, Mr. Salzman will have a reception at his house for the Board to which you and Mrs. Volcker will be invited.  They will let us know when they have further  information. 3:30 PM - Mr. Bradfield called and said he needs to see you on the legislation -- something Mr. Petty asked him to see you about.  I gave him your schedule and he will try to  see you after Mr. Cates and before the 11:00 AM mtg. on X-M tomorrow morning.  iessages for Mr. Volcker  - 3  January 14, 1971  3:40 PM - Mr. Betts office called to say the farewell luncheon for Secy. Kennedy is now rescheduled for 12:30 PM on Thursday, Feb. 4, in the New York Suite at the Mayflower. On cal. 4:00 PM - Mrs. Kelly, in the office of Mr. Palamenghi-Crispi, called to say that Mr. Ossola, Chrm. of the Deputies of G-10, will be coming to Washington the end of January and Mr. and Mrs. Crispi are giving two dinners for him to which they wish to invite you and Mrs. Volcker.  One is at  8:00 PM on Sunday, January 31, bleck tie -- at their home, and the other is an informal buffet dinner at 7:00 PM on Wednesday, Feb. 3rd, also at their home. for an answer as soon as possible.  She asked  I explained you were  planning a trip to Europe and I was still not quite sure of the time of your return but promised to give her an answer just as soon as this became clarified. Noted on cal.  477-3301  She added that if, for any reason, Mrs.  Volcker could not attend either one or both of the dinners, they would very much like to have you alone.  - 4  Messages for Mr. Volcker  4:20 PM - Message from Mr. MacLaury. you had requested.  Thursday, January 14, 1971  He called Governor Daane, as  Governor Daane told him that he would  take up the question of an expanding base for EalmBank, but that the Chairman was opposed.  Mr. MacLaury suggested  that you might want to call Chairman Burns tomorrow morning, (Friday). NOTE:  Marva is leaving the Treasury for a better job at the Federal Aviation Agency and tomorrow, Friday, is her last day at Treasury.  Iola did not have dine to arrange  anything to recognize Marva's departure, so, with Iola's & Mr. Weidenbaum's approval, I took up a collection and bought a gold disc charm for Marva's charm bracelet -with the words "Treasury Department" engraved on one side and the beginning and ending dates of her employment with Treasury at the other.  We thought it would be nice if  you would make the presentation of the gift tok Marva and a number of her friends who contributed to the gift would like to be present.  I am holding 3:30 on your cal. for  the presentation (Mr. Weidenbaum will be out of the building from lunch until about then).  I got some info. from  Personal1 and drafted up attached as a starter for your remarks at the presentation.  Will you please agree to  make the presentation and may I tell her friends it will be at 3:30 in your office?  YES  NO  r Messages for Mr. Volcke  - 3  January 14, 1971  on say the farewell lunche to ed ll ca ce fi of s tt 3:40 PM - Mr. Be scheduled for 12:30 PM on re w no is y ed nn Ke . for Secy e at the Mayflower. it Su rk Yo w Ne e th in Thursday, Feb. 4, On cal. nghi-Crispi, called me la Pa . Mr of ce fi of in the 4:00 PM - Mrs. Kelly, puties of G-10, De e th of . rm Ch , la so to say that Mr. Os d Mr. on the end of January an gt in sh Wa to ng mi co will be nners for him to which di o tw ng vi gi e ar pi is and Mrs. Cr s. Volcker. One is at Mr d an u yo te vi in to they wish , k tie -- at their home ac bl , 31 y ar nu Ja , ay nd 8:00 PM on Su dinner at 7:00 PM et ff bu al rm fo in an is and the other r home. She asked ei th at so al d, 3r b. on Wednesday, Fe I explained you were . le ib ss po as on so for an answer as still not quite sure s wa I d an pe ro Eu to planning a trip ed to give her an is om pr t bu rn tu re ur of the time of yo arified. 477-3301 cl me ca be is th as on answer just as so at if, for any reason, Mrs. th d de ad e Sh Noted on cal. s, e or both of the dinner on er th ei nd te at t no d Volcker coul to have you alone. ke li ch mu ry ve d ul wo ey th  giumw  Wednesday, Jan. 13, 1971  Messages for Mr. Volcker  He wondered whether he might have  9:20 AM - Dr. Wallich called.  a few minutes with you this morning -- to find out what National Bank of Washington Walter Heller had said at the/luncheon on Tuesday (Jan.12) so that he might be prepared for him tonight. 9:25 AM - Gov. Daane called.  (5881)  He is interested in your travel plans  for Sicily. (Mentioned that he would stay through the financing on the 20th (Wednesday) and possibly take a night flight that evening.) returned.  He asked that his call be  (147-211)  1n:20 AM- Mr. Betts stopped in.  Dr. Walker had told him this morn-  ing that you would be in Europe on Wednesday, January 27, the day on which the MKRXXX "Friday a.m. Staff Group" farewell is planning a/luncheon for Secretary Kennedy at the Mayflower -- and would like to discuss with you another date for the luncheon in this case. with you on the phone.  He would like to talk  (5391)  10:25 AM - Mr. Bettg office called to ask whether you will lunch in the Secretary's Dining room today. YES NO NOTE:  Bob Holland is hosting the Fed lunch today for Messrs. MacLaury, Snyder, Cooper, Carlock and Auten.  I  Messages for Mr. Volcker  - 2 -  January 13, 1971  12:10 AM - Dr. Walker's secy called and asked if they might shift the 2:30 meeting on revenue estimates that was supposed to have been held in Walker's office to your office -because Dr. Walker wants to make his office available at that time to Gov. Connally.  I said that would be fine.  10:50 AM - Frank Saul called and would like to talk to you sometime when you can spare a minute on the phone to renew again the matter he talked to you about some time ago -- asking your guidance and support to get his firm into the Govt. agency business.  He said there was no rush at all -- I  had explained your schedule -- whenever you can call him -Friday or next week.  NYC - 943-3300  11:15 AM - Gov. Daane called and said he things the financing is complicated enough that, instead of his going to Sicily on Tuesday, as he had planned, he will delay his departure in order to be here on the financing.  He evidently would  like to go over on the same flights as you.  He called to  my attention the fact that the TWA overnight nonstop flight to London is now a 747; evidently this type plane has just been put on this flight this month and I hadn't caught up with it.  The PA overnight nonstop to London is a smaller  plane, which Gov. Daane prefers.  I will have some schedules  ready for you to consider on Friday.  L  _.k  - 3  Messages for Mr. Volcker  REMINDER:  January 13, 1971  Mr. Jurich needs to see you re mtg. on German offset this afternoon -- according to what you said last night.  12:57 PM - Under Secy. James Beggs of Transportation called -- when I said you had a visitor with you, she checked and said he was calling from the Secy's office and was anxious to speak to you as soon as you were free but not with a visitor with you. 1:00 PM -  9 - 426-1111  Mr. Samuels called & would like you to call him.  3:30 PM - Mr. Nelson is anxious to see you  and particularly so if  you won't be in the office tomorrow -- about the Dutch swap and Fund drawings°  (2884)  2:00 PM - Mr. Betts is anxious to talk to you about a date when you will be available for the farewell luncheon for Secy, Kennedy. It was originally scheduled for Jan. 27th but Dr. Walker says it has to be rescheduled for a time when you will be here and able to attend. 3:00 PM - Mr, Samuels is anxious to talk to you before the Volcker Group mtg,, which has now been shifted to 5:30  He'd like  to talk to you before he starts chairing the NSC Under Secys. Cmte. meeting at 4:00. 3:40 PM - Mr. Frechtling is anxious to know when you'll be back from Europe so he can reschedule briefings for Connally so that the people under your jurisdiction will be scheduled at a time when you can sit in. He is willing to wait on this until Friday, since he understands you won't have time to focus on this until Fri.  Messages for Mr. Volcker  Wednesday, Jan. 13, 1971  5:30 PM - Arthur Rothkopf of the law firm, Hogan-Hartson, called.  He  said he was calling with regard to the matter that Dan Brill had spoken to you about yesterday (matter relating to IET -policy issue) and asked whether you had any free time on Wednesday, January 20, when he and Mr. Brill might come in to talk with you.  I told him your calendar until late afternoon  on Wednesday, Jan. 20 was heavily scheduled (IBA and ABA report their recommendations to Treasury Financing Group at 9:15 a.m. and 10:00 a.m.;  the Board of the National Gallery  of Art meets; financing luncheon in Secretary's Dining Room; and Press backgrounder at 3:15 p.m.) - and that it was the eve of your departure for a Conference in Europe.  He asked  whether I might give him a tentative time late afternoon -and I suggested 5:00 p.m., but told him that this would necessarily have to be confirmed.  I asked whether he might instead  talk with Mr. Petty, Mr. Nolan or Mr. Cole, and he indicated that he had thought of asking Mr. Nolan and Mr, Cole to meet _him and Mr. Brill with/at the time he would be seeming you. Is it all right to confirm 5:00 p.m. for Messrs Cole on Wednesday, Jan. 20? YES NO Refer to: (Mr. Rothkopf - 298-5500)  tE  4 /r  Brill and  Tuesday, January 12, 1971 He asked that his call be returned. - 1 -  Messages for Mr. Volcker 9:30 AM - Ty28119i)cal1ed.  to pass on a 11:10 AM - Pat Morris of Gov. Daane's office called message from Mr. Roosa's office, at Mr. Roosa's request. His mother passed away in Michigan yesterday; he will be away from his office and in Michigan the vest of the week, but back in the office next Monday. Pat also gave me the name of the Funeral Parlor Edward Girrbach at 10783 W. Jefferson, River Rouge, Mich., Z.C. 48128.  The funeral will be around 11:00 a.m. on  Thursday, January 14.  Mr. Roosa also suggested that should  anyone be interested in sending flowers,timmxgarixtm he recommends Mr. Warnche who is a florist in Allen Park, Michigan. 12:00 M -  Mr. Cooper called to ask whether you had made any final decision about meeting with securities dealers in New York (5660) extend the - Katherine Malardi called to/invitation to the Fed lunch on Thursday, January 14.  tomorrow, Wednesday, Jan. 13.  She said Chairman Burns would  be away -- but if you attended, Gov. Robertson would host, otherwise it would be a staff luncheon hosted by Bob Holland Your calendar is free.  Shall I tell her you will have  YES NO lunch at the Fed Board? would Accompanying you/wiii be Messrs. MacLaury, Cooper, Cook; with confirmadbns still to come from Mr. Carlock and Mr. Snyder. ( 1 7E C  (147-201)  Messages for Mr. Volcker  January 12, 1971  - 2 -  12:40 PM - Mr. Leahy called about the revenue effect of DISC, which question you raised in Dr. Walker's office the other day. The question that has to be decided first is when DISC will be effective; I gather this is something you have to decide.  Mr. Leahey wondered if you could get whoever you  hold responsible for the estimates on DISC -- perhaps Schaffner -- to make new estimates under your instructions as to what the effective date is to be.  Mr  Leahy says  ;the new estimates will be needed within the next few days and would appreciate being informed when you have asked someone to make the new estimates so, in case he, Leahy, gets asked by OMB, he can tell them we are working on it. 1:15 PM - Dr. Walker has asked us to put a "hold" on 3:00 p.m., tomorrow, Wednesday, Jan. 13, for a meeting on revenue estimates -- at Dr. McCracken's request.  Attending would  be Messrs. McCracken, Weidenbaum, Walker and you - in Dr. Walker's office.  (Blanche will confirm.)  Your calendar is clear.  ON CAL.  1:50 PM - Mr. Kearns called again. (128-21131)  -  NOTE:  He asked that his call be returned.  His secretary said he is leaving his office shortly, to return about 3:45 p.m.  Messages for Mr. Volcker  January 12, 1971  - 3 -  2:25 PM - Dr. Walker's office called and said they were changing the 3:00 PM mtg. tomorrow on revenue estimates to 2:30 to meet the convenience of Mr. McCracken.  On cal.  2:30 PM - Mr. Hennessey's office called to ask if you could see him, Mr. Petty, Mr. Gordon, and Mr. Bradfield at 3:00 tomorrow on the Treasury position on proposed Intl. Development Corp. organization, on which OMB needs a response by COB tomorrow. Since you couldn't do in afternoon, Mr. Hennessey said it was not necessary for him to attend (he is tied up in morning) so we have scheduled for 11:00 tomorrow with the other three. On cal. 3:15 PM - Mr. Dale stopped by and said to tell you Ossola will be in the U  S. from Sat. evening, Jan. 30th, until Thursday, Feb.  4th, and Crispi is making his arrangements.  Crispi is  suggesting that Ossola spend Wednesday morning, Feb. 3rd, at the Treasury talking with you and others.  Also, Crispi  wondered if the Treasury could offer Ossola a lunch on the 3rd. Further, Crispi is giving two dinners for Ossola, a small one and a large one, on Jan. 3lstx (Sun.) and on Wed., Feb. 3rd, and is hoping that you can attend both.  Your cal. is clear  on these occasions if you are back from Europe.  I asked  the purpose of Ossola's visit here and Mr. Dale said he  Messages for Mr. Volcker  - 4 -  January 12, 1971  was apparently making the general rounds -- he's meeting with people at the Fed Board Monday morning, including Burns, if possible, and having lunch there; he is meeting with Schweitzer and Fund people Monday afternoon and speaking at Brookings late Monday afternoon; he speaks to the Council on Foreign Relations on Tuesday and he and Crispi leave on Thursday afternoon for NY to talk to people at the NY Fed and NY banks.  (In conveying this to McCamey, he indicated to me  that he had gotten the impression somewhere that Ossola would be coming to the U. S. to talk to you about coordination of the flexibility exercise.) 3:35 PM - Mr. William Butler, of Chase, called and talked to me when you weren't available.  He said to tell you he was calling  about a fellow who will be in Washington tomorrow and will be trying to see you -- Mr. Butler thinks you will want to see him -- he has a proposition to talk about that he thinks you will find interesting -- his name is Lawton Johnston. Mr. Johnston called a bit later on and we hit on 12:15 or thereabouts for him to see you.  He has a 11:00 AM mtg  with  Carter Burgess at HUD and a lunch at HUD so can't lunch with you but thought he could get away and come over to see you around 12:15 or thereabouts.  On cal.  Messages for Mr. Volcker  - 5 -  January 12, 1971  4:00 PM - Mrs. Volcker called and said you and she have been invited to a German wine tasting at the German Embassy on the 27th, when she hopes you both will be in Europe -- regrets only (331-3205).  Noted on cal. so we can keep track.  She said you and she are going to a black tie dinner at the Martins at 8:00 PM Thursday night instead of to the Savings & Loan buffet.  I'll cancel you out on the S & L thing.  Mrs. Volcker said also to tell you, if you are interested, that your niece, Vickie, will be at your house at 6:00 PM tonight, if you want to get home in time to see her before your black tie dinner.  Evidently Vickie lost her wallet  and is coming to your house for supper. 4:15 PM- Bob Bethke called.  He referred to your visit to New York on  Thursday, January 14, and said he was talking with Bill Simgn of the Dealers Association, which is having a program that afternoon with speakers from Farmers Home Admin., the FHLBB, and FNMA  He and Bill Simon are extending an invitation to you  to join them for cocktails and dinner at the 21 Club on the evening of the 14th - from 5.30 p.m. on. guests are the Seminar speakers: FHA; and Bill Ross, FNMA. the 14th:  He said the other  Ed Fox, FHLB; Marshall Burkes,  ON YOUR CALENDAR for the evening of  You and Mrs. Volcker are attending a Black Tie dinner  by former Chairman Martin and Mrs. Martin at their home. Is it all right to regret Bob Bethke's invitation? NO (A.C.Z12-943-4400))  YES  " (r  Messages for Mr. Volcker  - 6 -  January 12, 1971  5:10 PM - Mr. Weidenbaum's secy called and said he said to tell you he has a 10:00 AM key strategy session scheduled on revenue sharing with White House types, etc., and he is very anxious to have his part in the Connally briefing session scheduled first, so that he can be sure to get away and make his 10:00 o'clock meeting. He is anxious to talk with you when 21131 you have a free moment. (128.4333)  5.15 PM - Mr  Kearns called again  5:25 PM - Mary Ann Allin called and said the Secy. asked her to convey the following to you re the dinner tonight.  There will be  three round tables and the Secy. would like you to be the host at one of the tables.  Mrs. Volcker will be seated at  another table than yours and will be seated at Dr. Walker's right, which I assume means he will be the host at that table. Mary Ann said the only trick is for you to look for your table and make everyone welcome at your table  Mrs. Kennedy  will be seated at your table but will not be at your right -they are spreading people around so everyone will be near someone important.  9:20 AM -  Monday, January 11, 1971  1  Messages for Mr. Volcker  If it all right to tell Mr. Betts' office that you will have lunch in the Secretary's Dining Room today? YES NO  9:35 AM - Mr. Betts called.  /  He asked that his call be returned.  (5391) ence Room for the 10:40 AM - There has been a change in the Confer full day staff meeting tomorrow - Tuesday, January 12. in This will now be in Room 4426, with lunch served conroom 4125 - and then return to Room 4426 for the tinuation of the meeting.  CAL. NOTED.  (Per Exec.Sec.  Gina Pricel 10:45 AM - Mr. Weber would like to see you before he leaves for Detroit at 3:00 today.  He'll be going directly from  there to NYC to meet you on Thursday. 12:10 AM - Mr. Petty would like to see you.  He has a 12:30 lunch,  so it will probably have to be after lunch. REMINDER:  Cdll Bill Simon and Peter Towe.  ••••  Messages for Mr. Volcker  1- 2 -  January 11, 1971  5:35 PM - Mr. Petty called and said he had to leave or else risk his wife divorcing him.  He said he would be in at 8:30  in the morning and maybe you and he could compare notes on the all-day staff at 8:30 or 8:45 -- he will be hanging around your door.  Messages for Mr. Volcker  1  January 8, 1971  9:05 AM - Mr. Kearns called and would like you to call him. 9:40 AM  128 - 21131  - Mr. Petty's secy called and asked if he and Mr. Cates might see you on Canada at 12:00 noon today.  They understand  you have someone coming at 12:30 (Bergsten); Mr. Petty feels half an hour will be enough. 10:00 AM  - Bill Weber called and would like to see you when your free.  Messages for Mr. Volcker  - 2 -  January 8, 1971  3:10 PM - Mrs. Foy at the Natl. Gallery of Art called to say that Governor Harriman was inviting as many of the Trustees as could do so to come to his house for a drink at 5:30 PM on Monday evening, Jan  18, and to look at the property;  the fact that he is planning to devise his house in Georgetown to the National Gallery is one item on the agenda for the Board mtg. on the 20th, which you won't be able to attend because of the refunding.  Your cal. is clear, and ;I told  her I was sure you would make every effort to be there. On cal.  (His home is at  it is a fairly old  house and the one that Jackie Kennedy lived in for a time when she left the White House.) 3:20 PM - Mr. Weber would like to see you. 3:45 PM - Mr. Petty called and would like to speak to you on the phone.  Messages for Mr. Volcker  January 7, 1971  - 3 -  12:40 PM - Mr. Petty's secy called and said he said to tell you "we survived the news conference and I don't think the newspapers will shock anyone tomorrow." 12:45 PM - Mr. Weinberger returned your call; explained you were en route to NYC and would probably call him again tomorrow, when you'll be back. NOTE:  I talked to John Worssam to let him know you will not be able to attend the Conference Board dinner on the 13th -- he said he rather expected that.  He said members of the press will be  present at the lunch when you speak. be a Q & A period and he said no.  I asked if there would  I also told him you would  bring copies of your speech with you when you came up; he would really like 100 copies but will be content ;with 50.  He  recommends you take the 9:30 AM American flight to be on the safe side, rather than the 10:00 AM EA Shuttle. in your honor starts at 12:00 noon.  The recept.  The luncheon session will  adjourn no later than 2:15, so you could take the 3:30 American flight back, or, if you want flexibility, we could get an EA Shuttle ticket back.  You and Mrs. Volcker are due at a 6:00 PM  S & L League reception & buffet at the Mayflower that evening.  (More)  Messages for Mr. Volcker  January 7, 1971  - 4 -  if Since typing page 3, I have talked to Mr. MacLaury about raand when you might go to NY to talk to the dealers in prepa tion for our refunding.  He mentioned the possibility of  Thursday, the 14th, when you speak to the Conf. Bd.  You  Guardia could go up on the 7:30 AM American flight into La AM or the 7:30 AM EA Shuttle into Newark or take the 8:00 If you took one of the earlier morning flights, you would have time for at least 4/appointments  Shuttle into La Guardia.  with dealers and, if you cancelled out on the S & L buffet, time for 4 more appointments with dealers (from 3:00 to 5:00) after your lunch.  You could take the 6:00 PM EA  Shuttle back to Washington.  After talking to Mr. MacLaury,  18th, I gave Mr. Frechtling your schedule for the week of the for  1.192in  scheduling briefings for Gov. Connally, indicating  other you were free on Monday,the 18th, but not available any day that week. NOTE:  make a Mr. Saunders stopped by and said he thought he would y, reservation at Chez Camille at 14th & L for 1:00 PM Frida unless you have some other preference.  He will stop by your  office to pick you up at ten of 1:00 tomorrow.  Thursday, January 7, 1971  Messages for Mr, Volcker  9:45 AM - Mr. C. R. Martin (uses initials only, according to his secretary) of Frederic Malek's staff (Special Assistant to the President) called this morning, at Secretary Kennedy's suggestion. (He didn't know whether the Secretary had had a chance to talk with you yet this morning.)  Mr. Martin had  asked whether he might see you this morning after his 11:30 a.m. appointment with Dr. Walker, to discuss a possible organization need.  I told Mr. Martin you would be leaving Treasury shortly  before noon to depart National at 12:30 for N.Y.  He then  asked whether it would be convenient that he come in to see you on either Monday or Tuesday.  He will be returning from  Chicago about 11:00 a.m. on Monday, and his time is flexible, after that time - but mentioned that the weather may be a rminant timewise. noon Is it all right to suggest that he come in at 12:00/ mqt. on r,  , Mpnday, ;January 11, should he return on time? alternatively, v./5:00 pm?  (Mr. Martin - 145-2785) 11:00 AM - Rex Beach called.  He asked that his call be returned.  (8484)  L..)  /t) (1-0/ei  Messages for Mr. Volcker  January 7, 1971  - 2 -  10:45 AM - Mr. Abe in the Japanese Ambassador's office called to invite you and Mrs. Volcker to a black tie dinner the Ambassador and Mrs. Ushiba are giving for Secy Mrs. Kennedy on Monday, January 25th.  and  I told him I  was afraid you would be out of the country at that time but would double check with you and let him know. ACCEPT REGRET  cdcAAYe Iii  234-9171  - 3  Messages for Mr. Volcker  January 7, 1971  12:40 PM - Mr. Petty's secy called and said he said to tell you we survived the news conference and I don't think the newspapers will shock anyone tomorrow." 12:45 FM - Mr. Weinberger returned your call; explained you were en route to NYC and would probably call him again tomorrow, when you'll be back. NOTE:  I talked to John Worssam to let him know you will not be able to attend the Conference Board dinner on the 13th -- he said he rather expected that.  He said members of the press will be  present at the lunch when you speak. be a Q & A period and he said no.  I asked if there would  I also  gold him you would  bring copies of your speech with you when you came up; he would He  really like 100 copies but will be content ;with 50.  recommends you take the 9:30 AM American flight to be on the safe side, rather than the 10:00 PM EA Shuttle. in your hhnor starts at 12:00 noon.  The recept.  The luncheon session will  adjourn no later than 2:15, so you could take the 3:30 American flight back, or, if you want flexibility, we could get an EA Shuttle ticket back.  You and Mrs. Volcker are due at  a 6:00 PM  S & L League reception & buffet at the Mayflower that evening.  (More)  Messages for Mr. Volcker  - 4 -  January 7, 1971  Since typing page 3, I have talked to Mr. MacLaury about if and when you might go to NY to talk to the dealers in preparation for our refunding.  He mentioned the possibility of  Thursday, the 14th, when you speak to the Conf. Bd.  You  could go up on the 7:30 AM American flight into La Guardia or the 7:30 AM EA Shuttle into Newark or take the 8:00 AM Shuttle into La Guardia.  If you took one of the earlier morning flights, you would have time for at least 4/appointments  with dealers and, if you cancelled out on the S & L buffet, time for 4 more appointments with dealers (from 3:00 to 5:00) after your lunch.  You could take the 6:00 PM EA  Shuttle back to Washington.  After talking to Mr. MacLaury,  I gave Mr. Frechtling your schedule for the week of the 18th, for usain scheduling briefings for Gov. Connally, indicating you were free on Monday,the 18th, but not available any other day that week. NOTE:  Mr. Saunders stopped by and said he thought he would make a reservation at Chez Camilletat 14th & L for 1:00 PM Friday, unless you have some other preference.  He will stop by your  office to pick you up at ten of 1:00 tomorrow.  1 -  Messages for Mr. Volcker  9:30 AM - Mr. Schaffner called.  Wednesday, January 6, 1971  He asked whether he should be doing anything  from the Treasury side (Mr. Webster is relying on him, since he is home with the flu) - re the capital restraint program material. (2386) 9:35 AM - Dr. Wallich called re tomorrow's Consultants' meeting and concerning the presentation of W. Schaffner's balance of payments (whether it can be presented). (5881) 9:45  AM - Mr. Bergsten is coming in to see you at 12:30 p.m. today.  9:55  AM - Under Secretary Siciliano, Commerce, called.  ON CAL.  He asked that his call  be returned. (189-4625) 1  Messages for Mr. Volcker  - 2-  Wednesdav. January 6, 1971  12:45 PM - Mr. MacLaury has arranged for the Financing Group to meet in your office at 5:00 p.m. this afternoon. (Messrs. MacLaury, Carlock, Snyder, Cook and Cooper).  ON CAL.  11:00 AM - John Aiken, Washington representative of the Federal Statistics Users Assn., called.  He said they hoped to have their Annual Conference in President's Washington on the/Economic Report and the Presidext Budget Report on Tuesday, March 2nd - and asked whether you would stpurk address this Conference Again this year, along with Mr. McCracken and Mir. Shultz. The  Conference would start at 10:00 a.m. -- with the morning speaker  Di Mr. McCracken (Economic Report) and Mr. Shultz in the afternoon on the Budget --(a break for lunch at 1:15 p.m.) You would be scheduled at 3:00 p.m., to speak for 30 minutes (or 45) with Q&A following until 4:30 p.m., when the Conference will be concluded.  This follows the  same format as last year, when you spoke on "The Relationship of Debt Management and Monetary Policy to the Underlying Issues in the Economic  Report and the Budget." Mr. Aiken said that at the moment he was checking Mr. McCracken's calendar and that of Mr. Shultz - and hoped you would be available on Tuesday, March 2.  Details will follow.  Your calendar is clear.  Do you wish to tell Mr. Aiken that you will speak at the Conference this year?  YES  Refer to Mr. Weidenbaum? (W. Aiken - 393-3522)  NO  14M/3 Wednesday. January 6, 1971  - 3  Messages for Mr. Volcker  2:10 PM - Mts. Anderson, Social Secretary to the Austulian Ambassador, called to t5 you and Ws. Volp.kpr extend an invitation from the Ambassador, Sir James Plimso114 to a Blacjs_ Tie dinner on Wednesday, January 13, at 8:00 p.m. -- to welcome to Washington Mt. and Mrs. Lindsay Brand, the new Australian Executive Director at the IMF (replaciqgJohn Stone).  Mr. Brand took office this week.  e, 11/1  -- at the Ambassador's residence, 3120 Cleveland Avenue, N.W.  On your calendar for Wednesday evening, January 13 -- you have been invited to cocktails and dinner for speakers in Jan. 14 NICB Conference at the 1/ on meeting luncheon the January at -14.) speak (You NYC. oria, Waldorf-Ast -.v/ ,\. ACCEPT Do you wish to , t) 4!  REGRET  (4  l,  1To  A i.;;)r  II1 fl,  (Mrs. Anderson - 797-3233)  \' 1  i, 2:18 PM - Bill Weber called for informaion (if available) as to the format for the press conference.  He asked that his call be returned. (2615)  1/ Please note attached schedule of briefings for Gov  Connally --  particularly the briefing by Mr. Petty, now set for Wednesday morning, Jan. 13. 3:00 PM - Mr. Petty's office called and said to tell you he was going in to see Secy. now on Chile  I explained you were  still at Fed Board. NOTE:  I find the reason Mrs. Daane's ticket to Europe in Sept cheaper was she stayed long enough -- 30 days -- to take advantage of the 29 day and over excursion fare.  was  Messages for Mr. Volcker  - 4 -  January 6, 1971  3:55 PM - Mr. Katz called and would like you to call him. 4:25 PM  183 - 7327  - Mr. Bergsten's secretary called to say that he had gotten "railroaded" and would be unable to come to Treasury today.  He has asked for 20 min.  with you on Friday, and I have given him 12:30 p.m. 6:15 PM - Mr. Jurich called.  (5264)  ON CAL.  He would like to stop by to talk about German offset.
Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102