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CONGRATULA'IORY =ERS   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  win  Collection: Paul A. Volcker Papers Call Number: MC279  Box 7  Preferred Citation: Congratulatory Letters: Duplicates, 1979; Paul A. Volcker Papers, Box 7; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://findingaids.princeton.edu/collections/MC279/c123 and https://fraser.stlouisfed.org/archival/5297  The digitization ofthis collection was made possible by the Federal Reserve Bank of St. Louis. From the collections of the Seeley G. Mudd Manuscript Library, Princeton, NJ These documents can only be used for educational and research purposes ("fair use") as per United States copyright law. By accessing this file, all users agree that their use falls within fair use as defined by the copyright law of the United States. 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. This includes all forms of electronic distribution.  Copyright The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Under certain conditions specified in the law, libraries and archives are authorized to furnish a photocopy or other reproduction. One of these specified conditions is that the photocopy or other reproduction is not to be "used for any purpose other than private study, scholarship or research." If a user makes a request for, or later uses, a photocopy or other reproduction for purposes not permitted as fair use under the copyright law of the United States, that user may be liable for copyright infringement.  Policy on Digitized Collections Digitized collections are made accessible for research purposes. Princeton University has indicated what it knows about the copyrights and rights of privacy, publicity or trademark in its finding aids. However, due to the nature of archival collections, it is not always possible to identify this information. Princeton University is eager to hear from any rights owners, so that it may provide accurate information. When a rights issue needs to be addressed, upon request Princeton University will remove the material from public view while it reviews the claim. Inquiries about this material can be directed to: Seeley G. Mudd Manuscript Library 65 Olden Street Princeton, NJ 08540 609-258-6345 609-258-3385 (fax) mudd@princeton.edu   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CONGRATULATORY LETTERS  1.  2.  3.  4..  5.  Frank Wil Cadwalad Wickersham & Taf One Wa St. NY 10P15 Bill r.onroe and Betty a _ert NBC Washingt  7.  8.  9.  Robert P. V,a_yo President FRB Boston  13.  Willis J viinn Presid it FRB C veland  if.  Anthony Ter ciano Exec. VP reasurer Chase M attan Bank One Ch e Plaza NY lo. 5  15.  Robert Baldwin Morgan Stanley & Co., Inc. 1251 Ave. of the Americas NY  16.  Roswell Gilpatric,Partner One Chase Plaza(Cravath,Swaine NY 10005 & Moore)  17.  Peter Ladd Gilsey  Arthur R  Peggy Vhedon, Prod er Issues and Answers ABC News 1124 Connecticut ye,NW Washington, DC 0036 I.W. Bur  am II  NY  6.  12.  Jack Carlson, ational Assoc. of Exec VP eal Estate Brokers 1025 Vermo Aye, NW Washingto DC 20005  18.  A.J. Ashe (277 Park Ave. Sr. VP NY) B.F. Goodrich Co.  19.  Lawrence K. Roos President FRB St. Louis  R.E. Gut (100 E. Schneider Wall St.) Credit Suisse  20.  Norbone erkeley, Jr. Chemic Bank 20 Pi St. NY 1 05  Clark Ma regor United chnologies Corp. 1125 1 h St., NW Washi ton, DC 20005  21.  True Day  Richard Hambro NY 10021  Washing 10.  Tom Kil NY 10  11.  fer   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  22.  John Sag (1345 Ave of VP & Tr surer Americas,NY) Ford M or C  23.  Dick Hill Chairman First Na onal Bk of Boston  5  chrast Michael S Chief Staff VP Economi National Assoc. of Home Build s  n, D.C. 2008  Ail  MEM.  -469.  70.  71.  72.  73,  Herbert Evers Exec. VP Marine M land Bk 140 Br-=dway NY 1.4 5 Ernest Blo Professor f Finance NYU Hall 737 Ti on Square Washi NY 10 hy James P. M Exec. VP Bankers Assoc. NY St xington Ave. 485 NY 0017 * Elvis L. Mason Chairman First National Bk of Dallas se Marie Rolfe ed Nations Plaza 860 U  NY 74.  G.H. Willis  Mrs. Hy Hartman  80.  Jerry J  DC  Chevy Cha  IA  1"1. nA(  NY 10028 81.  ie Gerald M. L Exec. Dire or Relations Governmen hankers Assoc. American 1120 Co ecticut Ave.NW Washin on, DC 20036  82.  Alvin R. Kracht Sr. VP E.T. Howard Company, Inc. Advertising 850 Third Avenue NY 10022  83.  Reginald  20008  Jones  Fairfi  d, Connecticut  Burton  . Malkiel  Pri 85.  Md  sen  'n u  84.  Frank Tama  ton, New Jersey  James J.  06431  08540  ackara  20015  76.  Bill Ryri IMF/IBRD British mbassy Washiniton, DC  77.  Charles Simo Solomon Brchers 1 NY Plaz  78.  James D. Wolfensohn   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  79.  017  Washington 75.  P  86.  icholas A.)  87.  Jane Enge1,4;rd  88.  Sheldon  ohen  Washington, D.C.  20006  A  -2-  36•  Ton Lambert  August Maf  y  . Checker  NY 10017  25.  James T NY  es  Schapiro Morris One Ch .e Plaza NY 1 5  27.  Roger Guffey President FRB Kansas City  28.  H. Schultz Freder airman Vice  29.  Emmett Gover B/G  30,  allace William H Staff Di ctor B/G  31.  Paul A. Scho erg President League Savings A of NY 700 Whit Plains Road Scarsda NY 10583  32.  33.  34.  35.  Rice  44120  37,  Gus Mar (277 Park Ave.,NY) Chairn#i & CEO Bordef Inc.  38.  Derek Mitchell  022  26.  eights, Ohio  39.  Black, Ro t P. Preside FRB R" mond  40,  Ralph D eNunzio (460 Park Ave. Presid t NY) Kidde Peabody & Co., Inc.  L.  Ray Bau , Chairman & President United ounties T/C 143 B ad St. 07207 Eliz eth, altzman Charles E Goldman hs & Co. 55 Broa t NY 100  42.  43,  Murray Altmann B/G  44.  Mr. Rouse  45.  Arthur 30 Roc NY  46.  Akira Ao Represen tive The Ban of Japan One Ch e Plaza NY 100;5  Charles F uce Chairman Con Edi 4 Iry g Place NY 1'O3  47,  Laura Petrucci Leob Rhoades, Hornblower & Co. 14 Wall St. NY 10005  Louis F.E. Morel Chairman Barcla Bank of NY Pan Bldg. N 0017  48.  Charles A. Agemi Chairman National Bk Garden St Ave. 10 For  David Eastburn President FRB Philadelphia Tore Browaldh Vice Chairman Svenska Hand4sbanken Stockholm   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Par  Taylor feller Plaza  us, NJ 07652  ..1  Milbank  49.  Jeremi  50.  Bill Blac San Fr  51.  52.  53.  cisco  59,  Eugene J eogh at Law Attorn th Ave. 521 N 0017  60.  Yves-An  61.  Leo  62.  Doyle Daniel Firs FR Chicago  63.  onald T 'egan Chai Mer 1 Lynch & Co. O Liberty Plaza 10006  64.  George J. son Partnerund Associates Nelso 60 ifth Ave. 10017  65.  Herta Lande dman Deputy Col sioner Div. of I ernational Commerce Y State o Dept. Commerce 230 P k Ave. NY 1 17  stel  Calif. 94104  os Dr. Gyula Mgr. & Re esentative National :k of Hungary 250 Par Ave. NY 100 Mario A. G riele (100 Wall St., Exec. VP NY) Banco Di oma NY Bran Tom Wil x Crocke National Bk San F ncisco, Calif.  54.  Luigi Ma ni Italian Cambi 1 Wall t. NY 10 5  55.  Harry L. F eman Sr. VP Express Co. Americ Amer an Express Co. NY 0004  56.  Jacobs, Jr. Harry Chai fi-n Bach Halsey 100 old Street NY 0038  66.  Alvin V. emaker President Blyth Ea man Dillon & Co. of the Americas 1221 Av NY 100  67.  John E. Eckelberry Paine W Jackson & Curtis 14 oadway 10005  68.  John L. W erg Sr. Par r Gold Sachs & Co. oad St. 55 10004  57.  58.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Jane C. feiffer Chai NBC / 30 ockefeller Plaza 10020  Hobart Carr School of s. Admin. Adelphi- niversity Schools //epe-Business arden City, L.I. 11530  7  1  Drosselmever  89.  Mrs. H. Fr  90.  Col. John D. Dale Commander General-MOFW 30 E. 62nd St. NY 10021  91.  92.  Colette Mahoney, RSHM President Marymount Manhattan College 221 East 70th St. NY 10021 Frank R. Milliken Contentment Island Road Darien, Connecticut 06820  93.  icePresident T.G. Keller StoffelSOffis Corp. 68 Miriv St. Tlick-ahoe, NY 10707  94.  A.H.A. Dib irman Deputy Westminister Bk. LTD. Natio thbury, London 41 P 2BP  95.  Eric R Warb co London  96.  Michel David-Weill Senior Partner orreres and Co. aof . Laz ckefeller Plaza One NY  97.  Gordon M. Itetcalf  98.  Franco40De Laboulaye Ambaatggaor of France  99.  /\lorimichi Okai Sr. Correspondent The Nihon Keizai Shimbun (Japan Economic Journal) National Press Bldg.-Rm 745 14th & F Streets, NW Washington, D.C. 20045   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Monica S ughnessy 100. Assista Treasurer Chase anhattan Bank 60th t. and Park Ave NY 1 022 utcher 101. Willard C Presiden attan Bank Chase M One Ch e Plaza 015 NY 102. Donald 0 Cameron Sr. VP Chase anhattan Bank ase Plaza One 015 NY 103. J.V. Reed, r. to the Chrmn. VP and A attan Bank Chase M One Ch e Plaza NY 10 5 ernan 104. Peter D. Chairma and President United ank of New York NY 12207 Alban 105. Doris Eliza th Forest Publisher airs Foreign St. 58 E. 68 NY 100 106. John W. annon, Jr. Presid t Trust Co. Bank 280 ark Ave. NY 107. Richar V. Adams Exec. P Che cal Bk 20 me St. NY 10005 108. Alan Gr nspan One NY laza NY 10 4 109. H.B. Mas er  .0•111,  - erbert Evers Exec. VP r:.arine M 140 Br dway 5 NY 1  79.  rs.  Hartman  Bk 80.  Jerry Ja  sen  cs  1-44  70.  71.  Ernest Blo Professor/if Finance NYU Hall 737 Ti Washin 6on Square NY 10 hy James P. M Exec. VP Bankers Assoc. NY St xington Ave. 485 NY 0017  u 81.  ie Gerald M. Exec. Dire or Relations Governmen ankers Assoc. American 1120 Co ecticut Ave.NW Washin on, DC 20036  82.  Alvin R. Kracht Sr. VP E.T. Howard Company, Inc. Advertising 850 Third Avenue NY 10022  72.  son Elvis L. Chair National Bk of Dallas Fir  73.  Marie RoJe ed Nations Plaza 860U 017 NY  83.  Reginald  . Jones  74.  G.H. Willis  84.  Burton  Malkiel  75.  Frank Tama  85.  James J. fiackara  76.  Bill Ryri IMF/IBRD British mbassy on, DC Washi  86.  Dr. Tzi  87.  Jane Enge  88.  Sheldon Sohen  77.  Charles Simo Solomon Br ners 1 NY Plaz  78.  James D. Wolfensohn   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  (Nicholas A.)  rd  41 •  6  119.  N. Leon d Jarvis Sr. VP Shear on Hayden Stone Inc. 44 11 St. NY 0005  120.  Edward E Shea Chairma Reichh d Chemicals Inc. 525 rth Broadway Whi Plains, NY 10603  121.  M.S. Wig nton Ghairma Genesc Retirement Trust Nashvi le, TN 37202 /  122.  Jack F. Bennett  123.  William . Salomon 40e0, One NY laza NY 1 4  124.  Tilford  Gaines  125.  Jerome H.  olland  David V. Andr President The Fidelit Trust Co. St. 129 Atlant onn. 06904 Stamford  126.  John T. Con Chairman Allied Ch ical Corp. P.O. Box 000R, Morristo n, NJ 07960  J.B. Flay Chairman d CEO Singer 30 Ro efeller Plaza NY 1 20  127.  lan Mark N. Preside Engelh d Mine ls & Chemicals Corp. 1221 ve of the Americas NY 020  128.  Ben F. ove Chair n & CEO Texa Commerce Bancshares, Inc. P.0 Box 2558 Ho ton, Texas 77001  110.  mon Peter J. S Deputy Ma r The city f New York the Mayor Office NY 100  111.  Michael J  112.  . Schlosser, i Herber Exec. RCA 30 Roc efeller Plaza NY 10 0  113.  114.  115.  116.  117.  118.  olk, MD  Jesse Wer r Chairman CEO GAF Cor 140 W. 1st St. NY 100 0 an Eugene J. Sh Exec. CP 11, Inc. Lasser Mar Internati al & Domestic rket Service Money 76 Will m St. NY 100  Charles Agee tkins General Pa ner The Secur ies Group 375 Par Ave. NY 100 cKinney, Jr. George W Sr. VP Irving rust Co. One W 1 St. 5 NY 1   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  7  129.  Alan Wm. Wo  130.  Rupert Warr  131.  Edward N. Chairman icam Inc. Young & 285 Ma on Ave NY 10  132.  133.  A.L. Git w Dean NYU Tisch all Washi ton Square NY l003 Arthu  135.  Joseph A. Pec an Director of onomic Studies The Brooki s Institution 1775 Mass husetts Ave,NW Washingt DC 20036  137.  138.  Czerwinski Henry 1st FRB ansas City  140.  Mrs. Nancy M. Jarman  141.  Rawleigh  142.  ahey, Jr. Joseph F Chairma ..nd President State tional Bk of Conn. Bridsort, Conn. 06604  143.  Mark H. es President FRB Min apolis 1 ,t W/  144.  Geo e W. Mitchell it B/  145.  H.I. Ode Exec. D ector Amend -Swiss Assoc, Inc. 60 E 2nd St. NY 1 17  146.  Edward Schmults White Case 14 Wat St. NY 1 5  147.  Lillian Cooley Admini rative Officer Resea Dept. IMF Was ngton, DC 20431  148.  Robert C. edwick, D.B.A. Fairleig Dickinson University Teaneck NY 07666  149.  Theodore . Silbert Chairma Sterli National Bank & T/C 540 M ison Ave. NY 10 22  Orson H. Ha  134.  136.  139.  evitt  Nicholas L. Chairman Deak-Per 29 Broa NY 100 Gerald  Gould  L.F. Boker oyle Exec. VP Fiduciar Trust Co. of NY Two Wor d Trade Center NY 100   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  arner, Jr.  2  150. Maurice Acers, President Acers Investment Co. 5920 Sherry Lane Dallas, Texas 75225 151. Stephen F. Temmer President Gotham Audio Corp. 741 Washington, St. NY 10014 152. I.A. Long Chairman and CEO Southwest Bank Kingshighway at Southwest St. Louis, Missouri 63139 153. Robert P. Ulin Vice Chairman Mobil Corporation 150 E. 42nd St. NY 10017 154. Guy N. Duc -rme Presiden Windsor ife Insurance erica Co. o e of the Americas 1180 NY 10 6 155. P. Malozemo f d CEO Chairman e. 300 Park NY 10022 156. Frank W. •Ch Brown B thers Harriman & Co. 59 Wal St. NY 10 5 157. Paul A. Schosbera President Savings Association League of NY State 700 White Plains Road Scarsdale,' NY 10583 158. H. Russell Johnson Chairman The Oneida National Bank & T/C of Central NY Utica, NY   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  159.  Charles S. Sanford, Jr. Exec. CP Bankers Trust Co. 280 Park Ave. NY  160.  Walter A. Slowinski Baker & McKenzie Attorneys at Law 815 Connecticut Ave NW Washington, DC 20006  161.  Maurits E. Edersheim Deputy Chairman Drexel Burnham Lambert, 60 Broad St. NY 10004  162.  John P. Ma1one!7 d CEO Chairman uaranty National Bank Deposi One posit Guaranty Plaza son, Mississippe 39201  163.  J.A.Elkins, Jr. Chairman First City Bancorporation of Texas, Inc. 1001 Main St. Houston, Texas 77001  164.  Edward K. Smith Senior Economic Consultant Brimmer & Co., Inc. 1201 Connecticut Ave., NW Suite 916  Washington, DC 20036 165.  Robert Gerald Livingston The German Marshall Fund of the U.S. 11 Dupont Circle, NW Washington, DC. 20036  166.  Bill Zentz Huntington Bancshares Inc. 17 South High St. Columbus, Ohio 43215  167.  168.  169.  Paul W. McCracken Graduate School of Business Admin. The University of Michigan Ann Arbor, Michigan 48109 Edward K. Hamilton President Hamilton-Rabinovitz, Inc. 3345 Wilshire Blvd. Suite 402 Los Angeles, CA 90010 Shelby Cullom Davis Chairman Shelby Cullom Davis & Co. 70 Pine St. NY 10005  176.  Rene No 1 Dean 'tter Reynolds & :ce1 ickell Ave. 700 Fl. 33131 Miam  177.  and Donald Cast Ray Tyma o National Bk The Ont Clifto Springs, NY 14456  178.  Berndt Von taeden Ambassado of the Federal epublic of Ger fly  179.  Daniel J  ghton  170.  Edward I. O'Brien President Securities Industry Assoc. 20 Broad St. NY 10005  180.  ton Lewis T. P President ranty Trust Co. Morgan 23 Wal t NY 10'5  171.  David Klein Exec. Director The American Council on Germany 680 Fifth Ave. NY 10019  181.  Richard Helms  182.  Ernest H. Weinwurm  183.  Frank P. M rphy Manager-E onomic Research ectric Co. General Conn. 06431 Fairfie  George P. Nicoletopoulos Acting General Counsel IMF Washington, DC 20431  184.  hiff John M. others Kuhn Leob, Inc. Lehman One Wi jam St. NY 100 4  Woodward Kingman, Exec. VP Crocker National Bk 111 Sutter St. San Francisco, CA 94104  185.  Mary 0. Yates Co--Producer Face The Nation CBS News 2020 M Street, N.W. Washington, DC 20236  Ernest H. Slaybaugh Governor Rotary International 39 Alden Court Scarsdale, NY 10583  186.  Peter G. Peterson Chairman Lehman Brothers Kuhn Leon One William St. NY 10004  172.  173.  174.  175.  Harold S.Aompton   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  - 10 -  187.  188.  Adam C. Heck Vice Chairman Chase Manhattan Mortgage and Realty Trust 307 Falmouth Road Hyannis, Mass. 02601 Stuart McC President Lincoln F St Bank,NA One Linc n First Square NY 14643 Rochest  197. Mr. Mark T. Sh han Director of P lic Info. U.S. Departm t of Justice Washington, .C. 20530 198. Mary G. Roeb ng Chairman The Natio 1 State Bank 08605 J Trenton, 199. Emilio F.,ncolini Vice Pr ident and Rep for d Consular Affairs U.N. The C •se Manhattan Bk 1 Ch .e Plaza NY 1 015  189.  John Adl  190.  aats Elmer B. Comptroll r General of the U.S Washingt n, DC 20548  200. Arthur J. Roth pf Hogan & Harts 815 Connecti t Ave. Washington, C 20006  191.  Donald Parvin President and CEO Babcock International Inc. 1616 North Fort Myer Drive Arlington, Virginia 22209  192.  R. Heath Larry President National Assoc. of Manufacturers 1776 F St.NW Washington, DC 20006  inn 201. Frank C.P. M VP Western Sav gs Bank The Wester. Saving Fund Society of Phil. elphia Broad & C estnut Streets Philadelf, ia, Pa. 19107  193.  194.  ,CPA Stanley Mer ompany Merves a F. Kennedy Blvd. 1617 Jo Phila phia, Pennsylvania 19103 Mr. Tom St  rs  Freund  195.  Mr. Willias C  196.  Jeanmaxime Leveque Chairman Francial Credit Commercial De France   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ephard 202. Geoffrey C. Government Affairs Staff VP INA Corpor ion 1600 Arch treet Philadelp ia, Pa. 19101 203. Curtis J. Curtis J. 745 Fift NY 1002  ter oxter, Inc. ve.  204. George C mpion Chairma Development Council Econom of N C, Inc. 260 M dison Ave NY 1'1l6 205. Frank W. Schi and Chief Econ. Vice Preside Economic Develop. Committee f 1700 K Str t NW DC 20006 Washingtor  11 -  206.  Donald L. R President Holding Assoc. of Compani 730 Fifte th St., N.W. D.C. 20005 Washingt  207. Charles Moe er, Jr. Ph.D. Sr. VP and conomist Metropoli n Life One Madi n Ave. NY 1001 208.  215.  Dennis eatherstone Morga Guaranty T/C 23 W 1 St. 015 NY  216.  Elsey George t Presid Amen i n Red Cross Nat nal Headquarters Wa ington, DC 20006  217.  J. Burke Kn p Internatio 1 Bank for Reconstr tion and Development Internat nal Development Assoc. Washing n, DC 20433  218.  Gordon S. Mack President of Securities National Asso Dealers, I .W. 1735 K St. Washington DC 20006  219.  Toni House President The Washington Press Club 505 National Press Bldg. Washington, D.C. 20045  220.  ins James H. Chairman Mellon B k, NA uare Mellon gh, Pennsylvania Pitts  T.C. Bry  rector 209. Seung H. Kim, Saint Louis U versity School of Bu ness and Administrate Director of rogram and Research lanning 3674 Lind 1 Blvd. St. Louis Missouri 63108 rown, Jr. 210. R. Mannin Chairman NY Life nsurance Co. 51 Mad on Ave. NY 10 0 LaRoche 211. Marie Elaine Morgan Stan y & Co., Inc. the Americas 1251 Ave. NY 10020  221.  Leon T. Ke all Presiden Mortgag Guaranty Insurance Corp MGIC P za Milwa ee, Wisconsin 532C1  222.  Donald  223.  Dan A. Colussy President Pan American World Airways, Inc. Pan Am Bldg. NY 10017  212. Sam Cross IMF 700 19t St., N.W. Washin on, D.C. 20431 213. Saul B. K man Preside Assoc. of Nation Mutua Savings Banks 200 P k Ave. NY 1 17 Wei nbaum 214. Murray L. Director e Study Center for of America Business Washington niversity Box 1208 St. Louis, Missouri 63130  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  15230  msfeld  - 12 -  atyn feller Plaza  224.  Flex G. One Roc NY 100  225.  er Lawrence E. Kr st Exec. VP-Econ tate Bank Conference o Supervisor 1015 Eighte th St., NW Washington DC 20036  226.  Carter H. G.. -mbe Colembe As ciates, Inc. 1800 M St. NW Suite 900 20036 Washingt  0°r )  Herman  227.  Jonathan  228.  Cecil J. Olm ead Vice Presid t Texaco, In 20000 Wes hester Ave. White P1 ns, NY 10650  229.  Peter M. Tow Canada Ambassador Canadian E assy 1746 Massa usetts Ave., N.W. WashingtorjD.C. 20036  234. Mr. Joh K. Tabor Purcel & Nelson St., NW 1776 Wash .gton, DC 20006 11 235. Avery W. Presiden Avery W Hall Insurance Ac-ency,In 110 N. ivision St. Sails ry, Maryland 21801 236. Mr. John Volpe  237. Paulo Pereir Lira President Banco Cenjral De Brasil  238. David Iba Secretar Finance & Public Credit Mexico, Mexico City DF Gov't. 239. Harold and Diane Lever  240. John D. Wilson Chase Manhattan Bank One Chase Manhattan Plaza NY  230.  Robert R. Nat n n Associates, Inc. Robert R. Na NW 1200 18th S Washington, DC 20036  241. Eugene Birnbaum First National Bank of Chicago Chicago, Illinois  231.  Sol M. Lino tz Coudert Br. hers One Farra t Square South DC 20006 Washingto  242. Mr. Srnia Buford Pres ent Freedom National Bk of NY 275 W 125th St.  232.  William Nel  233.  l Leslie C. PeaoOck Vice Chairman Texas Commerce Bancshares, Inc. P.O. Box 255E Houston, Texas 77001   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I.  n Turpin 243. Walter  244. William  nnenberg  . Treiber  I  - 13 -  245.  Alfred Hay Chairman ley International, Inc. Morgan S 1251 Ave 'e of the Americas NY 1002  246.  A.W. Clausen President ca National Bank of Am Trust and, avings Assoc. San Franc co, CA. 94137  247.  Douglas  248.  Beryl W. Spri el Exec VP-Econo 1st Harris Bank 111 West Mo oe St. Chicago, I inois 60690  249.  250.  illon  Morris D. rawford, Jr. Chairman Savings Bk The Bowe nd St. 110 E. NY 10•7 Walter W. Hler Regents' P fessor of Economics f Economics Departmen Universit of Minnesota 271 19th ve., South Minneap., is, Minnesota 55455  254.  fmann Howard C. K xxon President 1251 Ave of the Americas NY 1002  255.  Abraham D. Chairman T/C UMB Bank a Center Rockefell 630 Fift Ave NY 1002  256.  Elmer M. Han Exec. VP-Teasurer The Bowery/Savings Bk 110 E. Td. St NY 1001  257.  John Die The Die id Group, Inc. Ave 430 Pa NY 10' 2  258.  Lewis R  259.  Meline Le L -vre AVP Singer, Inc. Butcher 30 Broa St. NY 100'4  260.  Mr. Lewis W. F4 Chairman Bethlehem S eel, Corp. Bethlehem, ennsylvania 4 )  A  251.  252.  253.  Jean M. LindVerg Vice Presidiat ck Consulting George B. Agency, nc. 2 Pennsy ania Plaza NY 1000 Thomas Ostrim Enders Ambassado of the USA the U.S. Embassy Ottawa, anada Robert Van Bun Chairman Midlantic N ional Bk 744 Broad S . Newark, NJ 07101   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  in  18016  261.  Mr. Woody Boatner  262.  Mr. Richard  263.  Mr. R.A. Barr 1/11't Controller Ford Parts and Service Div. Ford Motor Co. 3000 Schaefer Rd. P.O. Box 1902 Dearborn Michigan 48121  Steinkarm  - 14 -  hook  264.  Mr. R. MacI 'osh ova Scotia The Bank o ada Toronto,  274.  Terence  265.  Fredy Fisc Bracken Hose Cannon S eet C4P 4BY London Englan  275.  Bradford lills Chairm Ventures Ltd. Bradfo 10 Ro efeller Plaza NY 1 20  266.  Richard B.  276.  Jerome P. Keuper President Florida Institute of Technology Melbourne, Florida 32901  277.  Palmer T nheim Sr. VP The C se Manhattan Bank 1 Ch e Plaza 015 NY  278.  Whitman Marina v Faculty f Arts andSciences Univer ty of Pittsburgh rgh, Pa. 15260 Pitt  279.  Al Abrams  280.  ?bilchrest Marjorie 113 East ake Drive Lehigh cres, Florida 33936  281.  f Dahrendorf Professor Director School of Economics The Lond and P itical Science y of London Univer Street Hough WC2A 2AE Londo D ENG  282.  Howard Lf Clark  267.  268,  269.  270.  Sylvia P  John H.  einkamp  er Fox  1  John B.M. P1 President Crocker Na onal Bank One Montgo ery Street San Franc co, CA 94104 K.E. Buhrm ter Chairman 1st Nati al Bank ofScotia e Mohawk Y Scotia  271.  Richard W. Couper President & CEO The NY Public Library Fifth Ave. at 42 St NY 10016  272.  William Pannill Pannill and Hooper 1100 Milam Building Suite 580 Houston, Texas 77002  273.  Frank H. Chairman Dominion P.O. Box Commerce Toronto,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Logan Securities 21 Court South Canada M5L 1A7  I  15 233.  Maieline  McWhinney  284. Merlyn N. Tru The Brooking nstitution 1775 Massach setts Ave. Washington, C 20036 285. Robert T. Qu. meyer President Amstar Cor ration of the Americas 1251 Aven NY 10020 286. Mrs. Clifto  dberry 294. G. Robert Vice Pres ent Director fPublic Affairs tional Bk & Trust Co. Fourth 1090 P.O. B Kansas 67201 Aichit rpenhuijsen Rom 295. W.E. S Chairm Neder ndsche Middenstandsbank Amst dam  Bruce  287, James D. Ronson, III Chairman American cpress Company American xpress Plaza NY 1000 288. John V. Dea r Manager Economics Oepartment Ford Motor Company The American Road Dearbory, Michigan 48121 289. William S. Ca el, Jr. Vice Chairman American Telephone and Teleg ph Co. 195 Bro way NY 100 290. Edward W. Dt4tfy Chairman Marine Mi and Bank One MarinW Midland Center Buffalo,)NY 145#1b 291.  293. Guy E. Noy  ngs 296. J.H. Je Director Managi MAIBL 26 T ogmorton Street Lon. n EC2 ENG ND 297. Fritz S  rn  298. Albert P. Sta  erman  299. Paul Mlntre de Loye Ambas de De France 2011 ye Street, N.W. Was ngton,DC 20006 300. Kevin J. jarney Switzer  d  erhausen 301. Dr. Alfre Deutsche ank AG 4000 Du 'eldorf 1 Konigs lee 45  Snyder 302. Jeanne Go  292. Paul Kolton Chairman Financial Acctg. Standards Advisory Council High Ridge Park Stamford, Conn. 06905   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  303. Dr. Dieter iss President Der Lande zentralbank Leibnizs abe 9-10 1000 Ber in 12  -16J. William Middendorf II  30L.  315. C. Harry orse Chairma Bank o Central Pennsylvania Montoursville, Pa. 17754  305. Richard K. LeBlond II 316. Senator John J. Marchi  306. Mary Piderit  307. George T. Conklin, Jr. Chairman & CEO The Guardian Life Ins. Co of America 201 Park Avenue South NY 10003 308. James A. Catalano Vice President Marine Midland Bank 140 Broadway NY 10015 309. Zygmunt Nagorski The Lehrman Institute 42 E. 71st St. NY 10021 310. Marshall H. Montgomery New  317. William R. Dill Dean New York University Graduate School of Business Administration 100 Trinity Place, NY 10006 318. Herbert E. Johnson SR. VP Continental Illinois National Bk and T/C of Chicago Chicago, Illinois 60693 319. William B. Eagleson Jr. ChaiLman Girard Bank Girard Plaza Philadelphia, Pa 19101 320. John H. Perkins President American Bankers Association 1120 Connecticut Ave., N.W. WashinVon, D.C. 20036  311. Robert F. Weinig  321. George Ga  312. Peter L. Bernstein President Peter L. Bernstein, Inc. 509 Madison Ave NY 10022  322. Philip N. Brownstein Brownstein Zeidman and Schomer 1025 Connecticut Ave, N.W. Suite 900 Washington. D.C. 20036  313. Mary T. Collins  323. R. W. Lawson Sr. Deputy Governor Bank of Canada Ottawa KlA 009 CANADA  314. J.J. Wieckowski Exec. VP Girard Bank Girard Plaza Philadelphia, Pa. 19101   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  324. Joseph F. Alibrandi President Whittaker Corporation 10800 Eilshire Blvd. Los Angeles, California 90024  - 17 -  325.  John E. Horne John E. Horne and Associates 1101 Connecticut Ave., NW Suite 1100 Washington, DC 20036  334.  Robert H. Riley Vice President Chase Manhattan Bank One Chase Plaza NY 10015  326.  Harry P. Barrand, Jr.  335.  Dr. Fawzi El-Kaissi Chairman Arab American Bank NY  327.  Michael Singer Exec. VP The Van Heusen Company 1290 Ave of the Americas NY 10019  336.  • McC. Martin, Jr. Fleming Bldg. 800 Seventeenth St., NW Washington, DC 20006  337.  Joseph W. Barr  338.  Edwin D. Crowley Charge d'Affaires Embassy of the US of A 93 Jubilaeumstrasse 3005 Bern, Switzerland  339.  John R. son Preside Portfo Securities Transacations Cor 1520 hio Savings Plaza Cle land, Ohio 44114  340.  Mrs. George S. Franklin, Jr.  Ms. Marion K. Pinsdorf Vice President Textron Inc. 40 Westminister St. Providence R.I. 02903  341.  Robert Vieispi (Chef o /Officer Dining Rm) 254 E."8th St. NY 10y1  Myer Rashish Consulting Economist 818 Connecticut Ave., N.W. Washington, DC. 20006  342.  328.  Richard A. Debs President Morgan Stanley International 1251 Ave of the Americas NY 10020  329.  William B.  330.  Nathaniel M. McKitterick Consulta 1 1835 K S N.W. Suite 300 Washington, DC 20006  331.  332.  333.  ummer  Roger E. Anderson Chairman Continental Illinois National Bk and T/C of Chicago Chicago, Illinois 60693   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Rex Beach Vice Presi nt Wells Far Bk 420 Mon ornery St. San Fr cisco, California 94144  - 18 -  343.  William Diebol  352.  344.  Robert A. Je Member of t Credit Sui 8021 Suni Switzerl d  David MacE ron Exec. Dir tor Japan S. lety Inc. 7th St. 333 E NY l''17 #  353.  Professor Dr. Otto L. Walter 870 UN Plaza NY 104V7  354.  Joseph N. G ene, Jr. President Seven Sp ngs Center Mount K. co, NY 10549  355.  Frank A. Weber Vice Chairman of the Board Nationalemmunity Bank  r Exec. Board  345.  George F. Ri Asst. Secy Chemical B Ave 940 Madis NY 10021  346.  n John J. Hutchi President of National Ass Federal Cr d t Uniont P.O. Box 37 Washington DC 20007  347.  348.  349.  350.  351.  Robert L. Joss Sr. VP lAells Fargo Ba 464 Califor a St., San Francis o, California 94144 Guido Goldman Harvard University Center for European Studies 5 Bryant St. Cambridge Massachusetts 02138  356.  357.  358.  . * George R. Gol Photographers Internation 432 Whitta r Ave. Trenton, NJ 08611 Jay E. Meil President Molded Di nsions, Inc. Road 701 Sun Port Wa ington, Wisconsin 53074 ; P.S. Mira4to Burrough torporation Detroit ichigan 48232  359. William R. Srant President MacKay-S elds Financial Corp. 551 Fif Ave NY 1001  Fritz Ma up Departm of Economics Prince r n University Princ on, NJ 08540  360.  Robert D. Carabell Chairman Newsweek 444 Madis Ave NY 10022  Enslow Robert Vice Pr s. & Manager National Bk Crock 1 Mon ornery St. ancisco, CA. 04104 San  361.  George H. Dixon President First Bank Sys em, Inc. Minneapolis, nnesota 55480  Joel S. Ehrenkranz Ehrenkranz, Enrenkranz & Schultz 375 Park Ave NY 11022  362.  Arthur M. hardson CEO President State Corp. Security One Eas ve Roches r, NY 14604   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  - 19 -  363.  William J. Shepherd President & CEO Horizon Banc p 334 Madison e. Morristown,d 07960  372.  Kai Jacob Klasen Abtellungs-Direktor in der Bank fur Handel und Industrie AG Uhlandstrabe 9-11 1000 Berlin 12  364.  Henry B. att Presiden Tiffany. Co. Fifth A e. & 57th St. NY l002  373.  365.  W.D. Eberlg The Pilot/House at Lewis Wharf Boston,M s. 02110  Akira Kaya Director World Bank Tokyo Office Kokusai Bldg. Room 908 1-1 Marunouchi 3-Chome, Chiyoda-ku Tokyo 100, Japan  374. 366.  William D. R ers Arnold & Po er 1229 Ninete nth St., NW Washington DC 20036 ) 15 Gary H. Ste A. Gary Shi ling & Co., Inc. 111 Broadw NY 10006  John E. Sheehan Chairman Reading Industries Inc. P.O. Box 126 Reading, PA. 19603  375.  James M. Beggs, Exec. VP General Dynamics Corp. Pierre Laclede Center St. Louis, Missouri 63105  David E. Bodner Sr. VP Chemical Bank 20 Pine St. NY 10005  376.  Pat Woolf The Institute for Advanced Study Princeton, NJ 08540  369.  James L.  eedham  377.  Mildred A. Bux  37:.  Paul Halli •ly, Jr. Vice Chal an Merrill jnch Pierce Fenner & Smith Inc. One Lib rty Plaza 165 Br adway NY l0S0  378.  Frank J. Hoenemeyer Exec. VP The Prudential Ins. Co. of America Prudential Plaza Newark, NJ 07101  379.  J. Carter Brown Director National Gallery of Art Washington, DC 20565  380.  Thomas L. Farmer  ir  367.  368.  371.  Anthony T Chairman Barclays Bank Limited 54 Lombard Street London EC3P 3AH ENGLAND   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  - 20 -  381.  Stewart B. McKinney, M.C. Congress of the U.S. House of Representatives Washington, DC 20515  382.  Dudley H. Mills  392.  James 0' eary Vice Ch 'rman of the Board United tates Trust Co. 45 Wa St NY 10 05  393.  James C. Fletcher Federal and Special Systems Group Burroughs Corporation 7726 Old Springhouse Road McLean, Virginia 22102  383.  Julio Cesar Perez The Secy of the Treasury of Puerto Rico  384.  Robert B. MacDonald President State Bank of Chittenango Chittenango, NY 13037  394.  Donald H. Streett President Princeton Club of St. Louis St. Louis, Missouri  385.  Robert P. Fechtel Exec. VP Central Penn National Bank Philadelphia, PA. 19103  395.  Capt. James S.C. Chao President Foremost Maritime Corp. 32 Broadway NY 10004  386.  Walter S. Salant 396.  Bernard Norwood Principal Associatethat Robert R. Nathan Associates,Inc 1200 Eighteenth St., NW Washington, DC 20036  397.  M.F. Strong NZL Resources, Inc. 5025 East Washington Street Phoenix, Arizona 85034  398.  Samuel I. Katz, Director Bankers Forum Georgetown University Washington, D.C. 20057  399.  Milton Friedman Capitaf Ely, Vermont 05044  400.  Raymond F. Sabatella, Jr. President Danbury Bank and Trust Co. 342 Main St. Connecticut 06810  387.  Richard L. Thomas President The First National Bank of Chicago Chicago, Illinois  388.  Murray Kyger  389.  Richard Nixon  390.  C. Coleman McGehee Chairman First & Merchants Corporation F&M Center 12th and Main Streets Richmond, Virginia 23261  391.  Beatrice & Merritt Sherman   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  - 21 -  401.  402.  Murray E. Polakoff Provost University of Maryland College Park, Maryland  411.  nilliam B. Webber Viee Chairman Lincoln First Bk N.A. One Lincoln First Square Rochester, NY 14643  412.  Thomas H. Bennett  413.  Frazar B. Wilde Chairman Emeritus Connecticut General Life Ins. Company Hartford, Conn. 06152  414.  Masaru Hayami Exec. Director The Bank of Japan CPO Box 203 Tokyo 100-91 JAPAN  415.  Matthew J. Marks Wender, Murase & White 1800 M Street NW Suite 675 Washington, DC 20036  20742  Austin S. Murphy Chairman & President East River Savings Bank 26 Cortlandt St. NY 10007  403.  Thibaut de Saint Phalle Board of Directors Export-Import Bank of the U.S. Washington, DC 20571  404.  Roger A. Lyon President Valley National Bank P.O. Box 71 Phoeniz, Arizona 85001  405.  Wallace Ely, Chairman Security NY State Corporation 9-A North Main St. Pittsford, NY 14534  406.  David R. Tillinghast  6  407.  Walter J. Stoessel, Jr. Embassy of the US of America Bonn, Germany  Cates  Mr. Willia  417.  on Bloch Mr. Henry Adjunct P fessor of Law and Interna onal Affairs Columb. University NY  408.  Francis H. Schott VP and Chief Economist The Equitable Life Assurance Society of the U.S. 1285 Avenue of the Americas NY 10019  409.  Hartmut Schulze-Boysen The Consul General of the Federal Republic of Germany  410.  Frank E. Morris President FRB Boston   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  C.  416.  - 22 -  418. Ms. Jun  . Wood  Webster 419. Mr. Donald VP AMF Incorporated Gov't. Relations reet, NW 1701 K Washin on DC 20006 utte 420. Raymond Van President Tompkinslipunty T/C Ithaca, owbridge 421. Alexander B. Vice Chairm cal Corp. Allied Ch P.O. Box 3 0 07960 Morristow 422. Ralph S. S  429.  Char s R. Frank. Jr. Sal on Brothers Plaza 1 NY 0004  431.  Step en D. Cohen I( /  432.  433.  435.  ar A. Pash 436,  425. P.C.D. Namb Chairman State Ban of India Bombay 426. Donald W. M4Olarty, Jr. 1st VP FRB St. Louis St. Louis/ Missouri 63166  437.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  hy M. Blakey  Earle  * . Anderson  * Willis W. Alexander Exec. VP , Bankers Association Americ nn., Ave., NW 1120 Washi gton, DC 20036 ( 41 Thomas M. Timlen First VP FRBNY 4 Sus n C. Young FRBiY  438.  Charles Hambro  439.  K.N. Dayton Dayton Hudson Corp. 777 Nicollet Mall Minneapolis, Minn. 54402  440.  G. Peter Fleck New Court Securities Corp. One Rockefeller Plaza NY 10020  427. Raymond Ja ow ie Economist Sr. VP & nia Bank United Ca CA 90051 Los Ange 428. Paul Han  Dor  lman  4 ne bour Shel ip 423. Phil Chairman Samuel Mon agu & Co. Ltd. 114 Old Bijad St. London  Shield Inc.  430.  434.  424. Mr. & Mrs. E  Hague Robert 1st VP Bache alsey Stuart Bachr Plaza 100 old St. NY 0038  441.  Carlos Massad President Banco De Talca Santiago, Chile  450.  Shijuro Ogata Director Foreign Dept. The Bank of Japan CPO Box 203 Tokyo, 100-91 JAPAN  451.  John C. Whitehead Sr. Partner Goldman Sachs & Co. 55 Broad St NY 10004  452.  Geoff  453.  James D. Robinson,III Chairman American Express Co. oelecan Ex ress Plaza NY 0004  een t 'iii....Ntinl Ek a, NY 443.  444.  445.  446.  447.  448.  449.  12020  Francis 0. Wilcox Director General The Atlantic Council of the United States 1616 H St., NW Washington DC 20006 Theodore M. McClure President The Citizens National Bk and T/C Wellsville, NY 14895 Gene E. Bradley Chairman International Management and Development Institute Watergate Office Bldg. Suite 905 2600 Virginia Ave, NW Washington DC 20037  :  454.  Ernest  455.  ey Dixon Donn The Atlan c Council of the US eet„NW 1616 H Washin on, DC 20006  456.  Dorot y  457.  Robert McLellan Vice President FMC Cor oration 200 E Randolph Drive Chica , I inois 60601  458.  Mr. R.T.  Maurice R. Forman  Alfred F. Miossi Exec. VP Continental Bank Chicago, Illinois  60693  J. Bruce Llewellyn President Overseas Private Investment Corp. 1129 20th St.NW Washington, DC 20527 James C. Patchias Dean Adelphi University Schools of Business Garden City, LI, NY 11530   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Hale  Oppenheimer, Ph.D.  chenberger  wack, M.E.,P.E.  - 24 -  7  459.  Ms. Donna Zilkha  469.  'ii 460.  Joseph Gold, Gen. Counsel IMF 700/th St.,NW Wash ngton, DC 20431  Alan B. Wade US Leagu of Savgs. Assoc. 1709 NY ve., NW Washing on, D.C. 20006  470.  William S Gavitt, President Lyons N ional Bank Lyons,/ Y 14489 ,  471.  Jam  472.  Ger  461.  462.  463.  H.J. Gen. Manager Central Monetary Authority of Suva, Fiji Bob Taylor  .; Herbert Stein Sr. Fellow f American Enterprise Inst. for Public Policy Research 1150 Seventeenth St., N.W. Washing on, DC 20036  Jr  E. Gardner  d Fox  Deerfield Beach, Florida 33441 473.  Secor D. Browne Secor D. Browne Associates, Inc. 602 Ring Bldg. Washington, DC 20036  474.  Charle  G. Blaine  464.  Elmer . Staats Comptrolle Gen. of the US Washingto DC 20548  475.  Kevin Kearney  465.  Elsa Lampe Rokson  476.  Ernest T. Baughman, President FRB Dallas  ,1 Hart Perry Energy Assets International Corp. 405 Lexington Ave NY 10017  477.  Jerome M. Pollack President Fairleigh Dickinson University Rutherford, NY 07070  478.  Gordon Pepper  479.  Maurice R. Greenberg, President American International Group,Inc. 70 Pine Street NY 10005  480.  David Fand Professor of Economics Wayne State University Detroit, Michigan 48202  466.  467.  468.  George A. Johannessen Director California Tomato Research Institute, Inc. 1757 Barc lona Ste Livermor California 94550 Robert L. James, VP Bank of America National Trust and Svgs. Assoc. 1800 K St., NW Washington, ric. 20006   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  - 25 -  481.  James G. Wilson Sr. VP & Manager of Investment Department Equibank, N.A. Oliver Plaza Pittsburgh, Pa. 15222  491.  Franz H. Ulrich Chairman of the Supervisory Board Deutsche Bank AG Konigsallee 45 D-4000 Dusseldorf  482.  Dr. Wolfgang Erndl Vorsitzender des Vorstandes der Osterreichischen Landerbank A-1011 Wien Am Hof 2  492.  H. Simonet Ministere Des Affaires Etrangeres 1000 Bruxelles Rue Des Quartre-Bras 2  483.  Aharon Meir Managing Director United Mizrahi Bank, Ltd. 48 Lilienblum St., Tel-Aviv, Israel  493,,  Yoshitada Uchiyama Managing Director The Industrial Bank of Japan Maru ouchi, Tokyo JAPMI  484.  Marty Miller  494.  485.  Phillip Todd  M.G.R. Andberg Chairman Hong ng and Shanghai Bkng. Co Box 4 GPO Hong Kong CHI, A t  495.  Janos F ete Deputy president Natio 1 Bk of Hungary Buda, st HUNGARY  496.  Arthur M. Weimer Consulting Economist US Lea e of Savings Assocs. 1709 Avenue, NW Wash gton, DC 20006  497.  John How d Treasur Embassy of Australia c/o Office of the Minister 1601 ssachusetts Ave. Washi gton, D.C. 20036  498.  Vi  486.  487.  Marshall Burkes International Finance Corp. 1818 H Street, NW Washington, DC 20433 Willard S. Boothby, Jr. Chairman Blyth Eastman Dillon & Co. 1221 Ave of the Americas NY 10020  488.  Fernao Carlos Botelho Bracher Av. Paulista, 1.415,9 andar CEP 01311-Sao Paulo, SP  489.  Daniel Sugarman c/o Collingwood Hotel 45 West 35th St. NY 10001  490.  Charles L. Brown Chairman American Telephone & Telegraph Co. 195 Broadway NY 10007   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  499.  411111111  - 26 -  500.  A. Robert Abboud Chairman ational Bank of The Chicag Illinois ago Jltr ChicFirs e  501.  David C. Mel coff Exec. VP Savings Fund Society Philadelph 1212 Mark t St. Philadelphia, PA. 19107  502.  Dr. Lowell H  Robert N. Bee Managing Director and Chief Exec. Officer London Interstate Bank Ltd. Bastion House 140 London Wall London EC2Y 5DN Englind  510.  William A. Schreyer Presiden/ Merrill ynch One Lib rty Plaza NY 1010  511.  Oakley Hunter Chairtkn & President Federal Nat. Mortgage Assoc. 3900 Wisconsin Ave., NW Washington, DC 20016  512.  Willia/M. Batten Chairman & CEO NY Stock Exchange 11 all St NY 0005  513.  John E. Leslie Chairman of the Policy Comte. Bache Group Inc. 10 Gold St. NY 10038  514.  Corett Scott King, President The M tin Luther King Jr. Center fo Social Change 30312 Atl nta, Ge rgia  515.  Walter A Behan SR. VP Reed Saw Stenhouse 88 Pi .e St. NY l'005  riss  503.  Herman Liebling  504.  JB. Claws Assistan Secy General Customs o-operation Council Cuscoo o Brussels BELGIU  505.  Yu A. Ivanov Bank for Foreign Trade of the USSR 3/5, Kopievski Lane, Moscow USSR  506.  Matya's T Preside Bank of Hungary Nation Budape t Hunga  507.  Richard B. Ber Vice Presiden Resident Manager Drexel Burnham Lambert First Federal Bldg. One Southeast Third Ave. Miami, Florida' 33131  508.  Robert A. Gerard Sr. VP Dillon, Read & Co., Inc. 46 William St. NY 10005   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  509.  - 27 -  516.  Joachim Stresemann  517.  Ron Wittreich  518.  Paul Jeanty Deputy Chairman Samuel Montagu & Co., Ltd. 114 Old Broad St. London EC2P 2HY ENGLAND  519.  Dr. Werner Ungerer Postfach 11-48 D-5300 Bonn 1  520.  Michael Vranopoulos General Manager Ionian and Popular Bank of Greece Athens, Greece   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CONTINENTAL BANK CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO • CHICAGO, ILLINOIS 60693  July 26, 1979 ROGER E. ANDERSON CHAIRMAN OF THE BOARD OF DIRECTORS  Dear Paul: The President could not have made a better choice! Your background and experience, and the esteem in which you are held in the financial community, both here and abroad, give you the highest qualifications for the Chairmanship. I extend to you my very best wishes for success in a very difficult position at a very difficult time. Siqc,rely,  The Hon. Paul Volcker President Federal Reserve Bank of New York 33 Liberty Street Federal Reserve P.O. Station New York, New York 10045  RECEIVED AUG  ANSWERED  ATTENDED TO,  2 1979   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Whittakeq  Whittaker Corporation 10880 Wilshire Boulevard Los Angeles, California 90024 213/475.9411 Joseph F. Alibrandi, President  July 26, 1979  Mr. Paul A. Volcker, President Federal Reserve Bank of New York Federal Reserve Post Office Station New York, New York 10045 Dear Paul: Congratulations on your appointment. I'm glad they picked somebody with tremendous stature (both physical and talent) because that job is certainly going to require it. There has never been a time when the challenges and problems facing the Fed have been as huge and complex as they are right now. It should go without saying that I not only wish you the very best but that if there is ever any way I can assist you, please don't hesitate to call on me. Best personal regards,  RECEIVED AUG  2 1979  P. A. V. ANSWERED ATTENDED  A   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CI-EMICALBANC 20 Pine Street New York, NY 10005  Mr. Paul Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045  David E. Bodner Senor Vice President  August 2, 1979  Dear Paul: A slightly belated note to offer my congratulations and best wishes on your appointment as Chairman. I am sure you must find the voluminous praise that has been heaped upon you and your selection at once very satisfying but, also slightly embarrassing. Given the brickbats that generally go with that job, however, I don't suppose you will have to suffer this as a long term problem. Considering the nature of the economic problems you are walking into, I have to say that you have not only my best wishest but, also my sympathy. West best personal regards, Yours sincerely,  LAW OFFICES  BROWNSTEIN ZEIDMAN AND SCHOMER SUITE 900 PHILIP N. BROWNSTEIN PHILIP F. ZEIDMAN MORTON W. SCHOMER PERRY C. AUSBROOK ARTHUR I. CANTOR DAVID M. F. LAMBERT JOHN F. DIEN ELT DONALD A. KAUL DARYL A. NICKEL KENNETH G. LORE PETER J. KLARFELD THOMAS C. EVANS BARRY P. ROSENTHAL ELEANOR R. LEWIS DAVID J. BUTLER MARGARET P. CRENSHAW JOHN J. MURPHY MARK R. DAVIS * ARTHUR J. SALZBERG * ANDREW BRANZ STEPHEN B. BUTLER SUSAN E. DUVALL H. BRET LOWELL  TELEPHONE  1025 CONNECTICUT AVENUE, N. W.  202-457-6500  WASHINGTON, D. C. 20036 TELECOP1 ER 202-457-6573  July 25, 1979  TWX 710-8229772 CABLE ADDRESS CAVEAT-WSH. WRITER ' S DIRECT DIAL NUMBER  (202) 457-6516  MELVYN N. KLEIN OF COUNSEL *ADMITTED IN CALIFORNIA ONLY   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Mr. Paul A. Volker President Federal Reserve Bank of New York 33 Liberty New York, New York Dear Paul: The best piece of news coming from the White House recently has been your nomination. It almost renews my faith, or perhaps it is more apt to say it nearly makes me a born again Carter supporter. In any event, I wish you well in your new undertaking and look forward to your return to Washington. Hopefully, when the dust settles we can get together for lunch. As you can tell, I am confident confirmation will be automatic. Sincerely,  Philip N. Brownstein  AUG ANSWERED ATTENDED TO,.  21979 ...... .... .....  ................  JOSEPH W. BARR  HOUYHNHNM HUME, VIRGINIA  FARM  734 FIFTEENTH STREET, N. W., SUITE 707  22639  WASHINGTON, D. C. 20005  July 30, 1979  TELEPHONE 703/364-2482   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  The President The White House Washington, D. C.  TELEPHONE 202/638-7676  20500  Dear Mr. President: Your decision to nominate Paul Volcker as Chairman of the Federal Reserve Board is wonderful news! As one of your early supporters and an ex-Secretary of the Treasury (Lyndon Johnson) I can assure you that Paul is the very best. We served together in the Treasury in the Kennedy and Johnson years, so I have had an opportunity to form my opinion at a very close range. He is a skilled and highly professional practitioner of federal finance in both its domestic and its international application. He knows the Fed, the Treasury, the Congress, and most of the financial leaders in the United States and the world. His judgment is sound, and above all, he is a wonderful human being. You have my congratulations and my thanks on this appointment. Faithfully yours,  Joseph  cc:  Hon. Paul Volcker Mr. Jack Watson  Barr  FEDERAL RESERVE BANK OF DALLAS ERNEST T. BAUGHMAN   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  PRESI DENT  DALLAS,TEXAS 75222  August 1, 1979  Dear Paul, The worldwide response to your nomination as Member and Chairman of the Board of Governors brings to mind the regional response to a message carried by another Paul, name of Revere, in another uncertain time. Hopefully, the "rallying of the troops" to address inflation will be as sustained and successful as the call to duty in that earlier time. I wish you well and am very pleased that you agreed to "lead the troops". Please call on me at any time I can be of assistance. Sincerely,  Ernest T. Baughman President  Mr. Paul A. Volcker President Federal Reserve Bank of New York New York, New York 10045  sm4  IVQ  9 1979 . v. ANSWERE ATTENDED  D  mr......rmaymissZEMIga   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  THOMAS H. BENNETT  August 1, 1979  Mr. Paul Volcker, President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Mr. Volcker: Along with many bankers and other concerned Americans who have been watching the fruits of their labor being eaten away by an economic cancer, I hasten to send my personal congratulations to you on being nominated to fill the recently created vacancy of Chairman of the Federal Re. serve System. Fighting "inflation" must continue to be our country's #1 effort regardless of which political party is in control. Your statement before the Senate Banking Committee that this is your top priority is commendable and most gratifying. Recently, I too made a similar commitment. The enclosed news release will provide some background information about my decision to take early retirement in order to devote full time working on this problem, having developed a comprehensive program which I truly believe can help us as a nation put our economic engine back on the track. Over the past six months, I have been visiting many businesses and organizations to learn what programs they have, if any, and their relative effectiveness. Unfortunately, while there is much desire, there is too much tokenism and lack of coordination and the results of my research have convinced me even more of the need for and the benefits of a program which I call "Community MAP". While you probably do not recall meeting me at a small informal luncheon for bankers from New York's southern tier that was held in Binghamton a year or two ago, I well remember your remarks about inflation at that time. I am now anxious to try to go to work on this problem and am writing to ask for your assistance by learning about the program so that I can feel I am working with you and have your endorsement.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  2.  After the dust of change has settled down and you have a chance to catch your breath, I would like very much to meet with you at your convenience to provide you with the details about MAP and how it can help to change many of the complaining spectators in this critical game into active participants. Looking forward to hearing from you, and again with congratulations and best wishes, I am Sincerely,  Removal Notice 7KHLWHPLGHQWLILHGEHORZKDVEHHQUHPRYHGLQDFFRUGDQFHZLWK)5$6(5 VSROLF\RQKDQGOLQJ VHQVLWLYHLQIRUPDWLRQLQGLJLWL]DWLRQSURMHFWVGXHWR copyright protections.  ŝƚĂƚŝŽŶ/ŶĨŽƌŵĂƚŝŽŶ Document type: newspaper article  Pages Removed:  Author(s):  Title:  Bennett Retires from First National  Date:  November 3, 1978  Journal:  Ithaca Journal  Volume: URL:  Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  https://fraser.stlouisfed.org  AT&T American Telephone and Telegraph Company 195 Broadway New York, N Y 10007 212 393-1000  Charles L. Brown Chairman of the Board  blA)/14-  qa.uk &AA  vtot  eGiq 14"404,x istAr141  it) 10 (  u3t-  ?AAA& .  -ttatk. 04.44   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  cf..  ftIA  a.ticak•1I44  fr„.. ultkaALt  C utAruIsiLt oAn, avoikL1-vimAA-  y  g-voci -11A1  -  441e-  ti  6iLe0„,JuLt„.,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  HARRY P. BARRAND. JR.  Mr. Paul A. Volcker, President The Federal qeserve Bank of New York 38 Liberty Street New York, N. Y. 10038 Dear Paul, The announcement of your appointment as Chairman of the Federal 7teserve Board is most welcome in these days of otherwise unsettling news on the national economic and financial scenes! I should like to add my congratulations and best wishes to the myriad of others from your many friends and admirers. With best regards, Sincerely yours,  RECEIVED /AUG 2 1979 ANSWERED, ATTENDED   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  JACK F. BENNETT  July 27, 1979  Hon. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. 10045 Der Congratulations! I grieve for your pocketbook but am encouraged for the Country's future. These days Al Ullman is playing a large role in my life as I suspect he will in yours in the coming months. Audrey Ullman has prevailed upon us to cooperate with her by becoming one of the sponsors of her efforts to chair the first of what she hopes will become a traditional series of events in Washington; namely, an annual Ambassadors' Ball. She has arranged the first of these in Washington on the evening of September 10th at 6:30 p.m. and as a sponsor, I will be hosting one of the tables. It is expected that either the new U.K. Ambassador or the Saudi Ambassador, or possibly both, will be at my table. Shirley and I would be delighted if you and Barbara could also join us. While the affair is dubbed "a Ball," I understand that in fact there will be very little dancing but that there will be some form of floor show after the food. Best regards,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  National Gallery ofArt Washington, D.C. 20565 Office of the Director  July 30, 1979  Dear Paul: The best news in a long time! Not only is the nation lucky to get you in the job for which you are preeminently qualified, but we are lucky, too, to have you both back in Washington. The National Gallery has almost doubled in size since the days of your avuncular trusteeship, and we look forward to having you come by. What is more, I have been serving on the Federal Reserve's art advisory committee for some years now, and talked them into hiring a professional curator, which has worked out very well. With warmest congratulations, and all good wishes, Sincere  J. Carter Brown Director Mr. Paul A. Volcker, President Federal Reserve Bank of New York New York, New York 10045   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Mr. Joseph  R. Coyle   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  EIANIK 140  BROADWAY • NEW  YORK, N. Y. 10015  July 31,1979. JAMES A. CATALANO VICE PRESIDENT  Dear Paul: Congratulations and/or comisserations. You certainly have your work cut out for you; we are equally certain that you are the one who can do the best job possible. Keep your periscope up and beware of the Georgia xenophobes.  Regards,  RECEIVED 4  Au(3 297 P. A. V. ..... OWNERED........ .... ......   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ,  JACOB K. JAVITS NEW YORK  2Cnifeti Zia:fez -.Senate WASHINGTON, D.C. 20510  July 30, 1979  Dear Mr. Volcker: I was quite thrilled to receive the news of your appointment as Fed Chairman. Many, many congratulations and best wishes! Sincerely,  Mary T./ qollins  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045  S  goremcmt Maritime Corporation 32 BROADWAY NEW YORK, N.Y. 10004  JAMES S. C. CHAO  TELEPHONE  PRESIDENT  (212) 943-2335   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 3, 1979  Mr. Paul A. Volcker Chairman Federal Reserve Board c/o Federal Reserve Bank of New York 33 Liberty St. New York, N. Y. 10045 Dear Mr. Volcker: May I have the privilege to join one of many to extend my hearty congratulations to you on your recent appointment. Not only does this country but also the whole world economy need a very strong helmsman in our Federal Reserve Board. The entire world is grateful and encouraged by your accepting this new assignment. You deserve all the credit. Personally, I still vividly remember our chats during the Community Leader Meeting to which you invited myself and others on September 24, 1976. Since then, the economic situation changed so much but one thing that never changed is how much I enjoyed your articles and speeches frequently published in the magazines and newspapers. Many in both this country and others like myself share and support your unique views especially in monetary policy. I realize your tight schedule; however, hopefully, I will be able to have the chance to visit you in Washington, D.C. when you get everything settled. Best personal regards. Sincerely yours,  Capt. James S. C. Chao M.B.A.;D.C.S. JSC:c1   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA 201 PARK AVENUE SOUTH, NEW YORK 10003  GEORGET.CONKUN,JR. CHAIRMAN OF THE BOARD & CHIEF EXECUTIVE OFFICER  July 31, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. 10005 Dear Paul: Amid all the disheartening news that has beset us in recent years, the one encouraging development has been your nomination for the Chairmanship of the Federal Reserve Board. I am aware of the great personal sacrifice which must have been entailed in your decision to accept this nomination, and I just wanted to express my deepest appreciation for your willingness to take on this important responsibility for the good of our country. Sincerely yours,  Chairman of the Board  GTC:lr  RECEIVED AUG  2 1979  P. A. V. ........ ............ ANSWERED,...... ....... ATTENDED.TO.,,„,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Dayton Hudson Corporation 777 Nicollet Mall Minneapolis, Minnesota 55402 Executive Offices  August 2, 1979 Mr. Paul A. Volcker Federal Reserve Bank of New York 33 Liberty Street New York, New York 10005 Dear Paul: By now I am sure you need one more congratulatory letter about as much as you need an increase in the money supply! I do, however, want you to know how terribly pleased I am for the nation and for Dayton Hudson Corporation that you have been chosen to head the Federal Reserve. The nation gets you, and we're able to hang on to Bruce MacLaury as a corporate director. Seriously, if ever there was a man for the time and the job, it obviously is you. I wish you the very best in carrying out your crucial assignment. I also am very hopeful that you will be able to continue as a trustee of the Rockefeller Foundation. We badly need you as a trustee. As you well know there are very few good ones. All the best. Yours,  KND:ec  K. N. Dayton  RECEIVED  1-01"6-v'i L ATTENDED TO...  ,y‘,71Ld, e9gd exezi,„ 5'exch,y,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  g-ez  9-.1m.,,ra  5qedca.,  70 A'ne Area-  eirete*04,,i1(  10005  July 26,  1979  )61-1. P0.44 I am delighted with your appointment - and I know the Swiss bankers are happy too: The years ahead will not be easy but they are crucial for our nation and for the free world - and you have the intelligence, and will, and staying power to put things right again. With warmest regards, Since  yours  Shelby Cul Cha  Davis  MORGAN STANLEY INTERNATIONAL Incorporated  1251 Avenue of the Americas New Yorlc, N. Y. 10020  July 27, 1979  The Honorable Paul Volcker President Federal Reserve Bank of New York 33 Liberty Plaza New York, New York Dear Paul: This is a belated note of congratulations on your recent voting record at the FOMC--which I said I would send to you, belated or not, when we saw you at the Metropolitan Museum--and a very prompt note of congratulations on your move to the Chairmanship. In the latter case, the congratulations are due even more to the President, who showed very good judgment in this instance. I am sure that you must view the move with mixed feelings; but I always thought it was inevitable.  •  As for the voting record, it is not unrelated to the great sense of reassurance that the market shows in your appointment. All of us in the financial community wish you well in being able to stick to it through the troubled times ahead. I might add that both your record and your appointment reflect most honorably on the Federal Reserve Bank of New York, for which we alumni are pleased and gratified.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Good luck to you and to Barbara. Sincerely,  Richard A. Debs President  RECEIVED AUG  2 1979  P. Aig V. ANSWERED ATTENDED TQw„,...,,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  NEW YORK UNIVERSITY A private university in the public service Graduate School of Business Administration 100 TRINITY PLACE, NEW YORK, N.Y. 10006 (212) 285-6200  William R. Dill, Dean  July 31, 1979  Dear Paul: Congratulations on what has been one of the few pieces of good news coming out of Washington in recent weeks. All of us who know you at GBA are very pleased. erely,  illiam R. Dill  Mr. Paul Volcker 33 Liberty Street New York, New York 10045  RECEIVED UG  2 1979  P. A. V. ANSWERED ATTENDED  .... ...   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1  9-A NORTH MAIN STREET PITTSFORD, NEW YORK 14534  SECURITY NEW YORK STATE CORPORATION  J. WALLACE ELY Chairman  July 31, 1979  Mr. Paul A. Volcker Federal Reserve Bank of New York New York, N. Y. 10045 Dear Paul: I was indeed excited and pleased although not surprised at your appointment to Chairman of the Federal Reserve Board. I cannot think of a more important and responsibility laden office nor anyone more qualified than you. Despite my "assaults" on the Federal Reserve for its spotty performance as commercial bank regulators, I have always been one of its staunch supporters when it comes to monetary policies. (ood luck and my very best wishes. Sincerely, /2 Wal ace Ely   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  GIRARD BANK  Girard Plaza Philadelphia PA 19101 Tel (215) 585-2170  WILLIAM B EAGLESON JR  Chairman of the Board and President  July 30, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045 Dear Paul: I share fully the pleasure which is being expressed in the financial community around the world about your nomination to become Chairman of the Board of Governors. The job is a critical one for the future of our country, and clearly there is no one as well qualified as you are to fill it. I know that you can count on the support of the entire banking community during the difficult times ahead. Congratulations again, and all good wishes. Sincerely,  RECEIVED itUG  2 1979  La. A. V.  ANSWERED ATTENDED  0000000   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Central Penn National Bank PHILADELPHIA, PA. 19103  ROBERT P. FECHTEL EXECUTIVE VICE PRESIDENT  215-854-3148  August 1, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street 10045 New York, N.Y. Dear Paul: Congratulations on your recent appointment as Chairman of the Federal Reserve System. I fully agree with all of the expressions of opinion I have read about in the press or heard over radio and TV regarding what seems to be the unanimous opinion that President Carter has found an especially well qualified nominee for the challanging job at the Fed. I hope that you will have the very best of luck with your new responsibilities and that you will receive a great deal of satisfaction from a job that I am sure will be well done. Please do not hesitate to let me know if there is any way I might be helpful to you at anytime. Sincerely,  obert P. Fechtel  RPF/jtm  ITY OCIPOIRATION OF TEXAS,INC.  IM J. A. ELKINS, JR. Chairman of the Board  July 26, 1979  The Honorable Paul Volcker Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. 10015 Dear Paul: By now you surely know how enthusiastically received has been your appointment as Chairman of the Federal Reserve. It was sincerely one response which I could give to the newspapers as the Number One best man for the job in all the country. Your taking it is certainly a great service to the entire United States which should certainly be appreciated by all of us. Any support or help which we can provide will be considered a real pleasure and privilege. With best wishes and kindest regards, Yours sincerely, •  . Elkins, Jr. man of the Board  JAEJr:le  FIRST CITY BANCORPORATION OF TEXAS,INC., 1001 MAIN STREET, P.O. BOX 2387, HOUSTON, TEXAS 77001, TELEPHONE (713) 658-6878  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  THOMAS L. FARMER  August 1, 1979  Dear Paul, you are moving I am delighted that conand look forward to on gt in sh Wa to back ding collaboration. an st ng lo r ou g in tinu Best regards. Sincerely,  ''; 1.  TLF:wrw Volker, Chairman The Hon. Paul A. ard of New York Federal Reserve Bo 33 Liberty Street 10045 New York, New York  I  DKIPM. OR. WOLarGANG ERNDIL   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  t. eti4.€4-ee  -, ' 7tesiez/,u4  /0//  ,eZtx diet/tdew•  Yei6624 3/30  July 30, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York New  York  Dear Mr. Volcker: I was delighted to learn about your nomination as Chairman of the Federal Reserve Board and I would like to take this welcome opportunity to congratulate you. I recall with great pleasure the very interesting conversions we had at this year's IMC-meeting in London and I therefore fully agree with our friends in the national and international banking community that President Carter took the right step in selecting you to head the U.S. Central Bank. We all feel that although it will not be an easy task to direct your country through the times of pressure and uncertainty for the dollar, it gives us a lot more confidence to see a man of your depth of experience of domestic and international banking and monetary affairs in this position. Needless to say that I sincerely hope for another opportunity to exchange views with you and I shall always be glad to be of service to you. Looking forward to meeting you again and wishing you success.  Very truly yours,  Lif3 9 1979 A. V. ANSWERED ..... ATTENDED TO  . ................  Wig  If• •WO01.  kgtVdti vak  Burroughs Corporation   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  FEDERAL AND SPECIAL SYSTEMS GROUP 7726 Old Springhouse Road  •  McLean, Virginia 22102  July 31, 1979  Honorable Paul A. Volcker President Federal Reserve Bank of New York New York, New York 10045 Dear Paul:  By now I am sure you have already seen the attached articles - and probably mnny more - concerning your nomination by the President to be Chairman of the Federal Reserve Board. I was delighted to hear of your selection and want to send you my warmest wishes for every success in this most vital position. Congratulations and warmest regards always!  Sincerely,  James C. Fletcher At   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MILTON FRIEDMAN  2  ct  1 4 3 /i /  PorAA.1 :  •Cp4,k  ct-mc&&SbJ 41)  ‘4 0 ‘  14440t,  a  frifrz..1  itA0e/ 146.4$#  P44:  e°4714/  "- A-414A1, "4.1t.vv" CIA,  17te  L4=4‘.€4 ;1r7  t, 17  eirU4A  f,,u4-‘4,4vA-2  egernue,44./.  71, 044  /444  4#"f  A-kt4-t-vv, 491.% r-4>/ 4c.trri  f  4-ae-ca-od4i-1,-7 c-f/t"`-r  .4*,,,aa, 74) -101.4ve  4„A.41 'Dv  erikA40  I I .k) aid r4-ALt,  ir# I-D  el.  j  / 9 3S  t gi 30  (24444P  A44,4'Y' e4-044/L-11  xlfr44-34  dist-7  ‘,A4-,tLA  crt-"A  Ov-a-  A  /4  #171  /Lt-&(Ai  ,14-2?Le  /4/‘fte,41t4  7y)4."%444g.i.7  444&iAt4e oto 9 4#.J, ..y$4, A4 c-It&ag4-7, v;IA.a14.44P  (4-41.14-44e //14/11-44-2) awki  -4401•4  C414A-Gt-7,  -trA f-  .. f7t44 12/ cry4A.  . a.444-4.4.44   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MAURICE R. FORMAN  July 31, 1979  Mr. Paul A. Volcker Federal Reserve Bank of New York Federal Reserve Station New York, New York 10045 Dear Paul: Congratulations on becoming Chairman of the Federal Reserve Bank. You are so ably suited for this job that it makes me feel more secure that the central bank of the United States is in good hands. All my very best wishes to you and your family. Sincere regards,  MeitA-%„, Maurice R. Forman MRF:efg  RECEIVED AUG  7 1979  P. A. V. ANSWERED ATTENDED TO,  NEW COTJRT SEC'URITIES CORPOIATION   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ONE ROCKEFELLER PLAZA NEWYORK, N Y 10020 CABLE ADDRESS: NEWCOURSEC  July 30, 1979  Mr. Paul A. Volcker, Chairman The Federal Reserve Bank 33 Liberty Street New York, New York 10004 Dear Paul: May I express to you my best wishes upon your appointment as Chairman of the Federal Reserve Board. This appointment is not only a source of satisfaction to your many friends but a source of great relief to all of us in this country and abroad who feel that weak government is threatening our economy and our currency. May it be given to you to stem the tide. With respectful regards and warm wishes. Sincerely,  4G. Peter Flec/  GPF:mg  RE'CEIVED ttUG ANSWERED ATTENDED TO,  7 1979 A v.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  WAYNE STw.ATE -UNIVERSITY COLLEGE OF LIBERAL ARTS  DETROIT, MICHIGAN 48202  DEPARTMENT OF ECONOMICS  August 1, 1979  Mr. Paul Volcker, President Federal Reserve Bank of New York Federal Reserve Station New York, N.Y. 10045 Dear Paul: was delighted to learn that President Carter Like many others, nominated you to serve as Chairman of the Board of Governors of the Federal Reserve System. I believe that the President has chosen very wisely in selecting someone with your extraordinary abilities and unique background to guide this nations' monetary policy in these perilous times. You and your colleagues must succeed in restoring a sense of stability in the economy and a feeling of confidence for the future for our sake and for the sake of many others on this globe. Congratulations and best wishes on your appointment to this high office.  F Professor of Economics  7.4cEIVED .4. V;LhLI.)  ATTENDED TO /sb  t•ft.•  .........404,•te   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  AMERICAN INTERNATIONAL GROUP, INC. 70 PINE STREET NEW YORK, N. Y. 10005 OFFICE OF  MAURICE R.GREENBERG PRESIDENT  August 6, 1979  Mr. Paul A. Volcker, ?resident Federal Reserve Bank of New York 33 Liberty Street New York, New York Dear Paul: I was in Hong Kong recently when the announcement was made of your appointment as Chairman of the Federal Reserve Board. The international financial circles responded very favorably to your appointment, as it is good for our country and the world. Those who considered you were astute in their selection. Please do accept my every good wish for your continued success. Sincerely,  R  ECEIVED iAti6*  mrg:r  9 1979  P. A. V. ANSWTRED ..................... .............. ATTENDED TO ......  .................. 0,11..111,  1 474 7  -   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  41,BISHOPSGATE, LONDON, EC2P 244.  26th July 1979.  CEAH/JB.  Mr. Paul Volcker, President, , Federal Reserve Bank of New York 33 Liberty Street, New York, N.Y. 10005. United States of America.  Dear Paul, the radio I first heard of your appointment on write, first of all yesterday evening and I feel I must , to say what a sense to congratulate you, and secondly s of other people of relief it gave me and I know thousand from all over the world. thoroughly What marvellous news it is and how well deserved. y I can only finish by wishing you ever possible success. Yours ever,  AG  7 1979  . A. V. ANSWERED ATTENDED TO  Lail WI western union  YSc4024(1056)(4-020550S207)PD 07/26/79 1054 ICS iPmMTZZ CSP li2PR,,,, TOM? REV yoRK NY 25 070.26 I054A EST Pms PAUL voLCKER PRESIDENT RPT DLY MGM, DLR FEDERAL RESERVE SANK OF NEW YORK 33 L/SERTY ST NEw YnRICNY 'nom mANy coNnRATULATIONS ON YOUR NEW APPOINTMENT WE AT *AMOS ARE ALL T4RILLED AND SEND YOU EVERY GOOD WISH FOR A SUCCESSFUL TIME IN wASHINGTON. REGARDS RICRARD HAMM, RECEIV  ED  JUL 26 1919 NovAN P. A. V. ANSWERED ATTENDED TO SF-1201 (R5-69)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  Telegram  THE BANK OF JAPAN  MASARU HAYAMI EXECUTIVE DiPECTOR   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CPO BOX 203 TOKYO, 100-91 TEL. 279-1111  July 27, 1979  Dear Mr. Volcker, I should like to extend to you my most sincere congratulations upon your appointment to the Chairman of the Federal Reserve Board. If my memory serves me correctly, I first had the privilege and honour of working with you in the early 70's in London. As the then Chief Representative in Europe of our Bank, I took part in the early discussions which were held there on the problems confronting the old international monetary system. I have ever since been deeply impressed by your leadership and determination in solving such complicated international monetary problems, and I regard the coordinated action of last November 1 as being one of the most remarkable achievements your leadership has brought about. Thus, I am firmly convinced that your appointment to the Chairman is indeed one of the best news the world financial circles could ever have hoped for. Last but not least, I should like to thank you very much for the assistance you have accorded our Bank during the past four years as the President of the New York Federal Reserve Bank. Hoping for the ever continuing close cooperation between our two institutions, and wishing you all the success for the future, I remain, Sincerely yours,  2ci Mr. Paul A. Volcker President Federal Reserve Bank of New York   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  The Prudential Insurance Company of America Prudential Plaza, Newark, New Jersey 07101 Frank J. Hoenemeyer Executive Vice President  August 3, 1979  Deat Paw: Congnatutation4 on yowl. nomination. It the bet thing that' happened to the inanciat wot,ed in a tong, tong time. Fot yout ake, ao wett as the countty'is, 1 wizh you evety &Lccez. But itegcuLdis. Sincekety,  M. Pawt A. Votcket Pte6ident Fedetat Raetve Bank New Voidz Fedenat Rezetve P. 0. Station New Vonk, New Votk 10045   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CHASE MANHATTAN MORTGAGE AND REALTY TRUST 307 Falmouth Road, Hyannis, Massachusetts 02601  ADAM C.HECK Vice Chairman  yt_e_t_t_,,  ct,  eer)^,dyt_ctiti....0_,  Lo_t_v_g 4tJ.e-  u.v,to."-d-ttuAk.. _44.,t4,a...c.“,r14./..1„, 4-- w-104-4  LA  (lUi,‘ 66v(  J,LoOLJ  e0L't-t<^,  aLL  , et/VV  CIN.  Len 147  4-AA  RECEIVED JUL 3 0 1979 P. A. V. ANSWERED ATUNDED TQ....rn   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RICHARD HELMS  July 25, 1979  Dear Paul: Warmest and heartiest congratulations! The Stock Market has given you a big send-off today, which is more than can be said about its reaction to other recent events. The country will be well served with you at the head of the Federal Reserve system, and that after all is what really counts. As a triend of Bill Martin and Arthur Burns, may I say without sounding gratuitous that you are a worthy successor. Good luck! With warm regards, Cordially,  Richard Helms  The Honorable Paul A. Volcker President Federal Reserve Bank of New York New York, New York 10045  RECEIVED JUL 3 0 1979  AliENuL,  ....... ••   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  202/828-2424  JOHN E. ERMINE AND ASSOCIATES SUITE 1100 • 1101  CONNECTICUT AVE.. N. W. • WASHINGTON. D. C. 20036  July 27, 1979  Mr. Paul A. Volcker President New York Federal Reserve Bank 33 Liberty Street 10045 New York, New York Dear Paul: With much pride and satisfaction I will soon address you as Chairman. As you know, it has been my desire and belief for several years that eventually you would accept that position. No doubt it is a sacrifice for you to do so. However, it is good for the Country and indeed the non-Communist world that you will do so. The President could not have made a better selection. I wish you much success and satisfaction. Very sincerely,  (john  E. Horne  RECEIVED AUG  2 1979  P. A. V. ANSWERED AJTENDED TO,  THE AMERICAN COUNCIL ON GERMANY 680 FIFTH AVENUE NEW YORK, N.Y. 10019 (212)397-0076  August 9, 1979  HON. JOHN J. McCLOY CHAIRMAN RICHARD M. HUNT PRESIDENT WALTER EBERSTADT TREASURER JOSEPH KASKELL COUNSEL  The Honorable Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York  DAVID KLEIN EXECUTIVE DIRECTOR  Dear Paul:  SARA ANN FAGIN SECRETARY  I just wanted you to know how pleased I was to know that you are now the Chairman of the Federal Reserve Board. I think the President has made a superb appointment and I was especially happy to see your quick endorsement by the Congress and the press. Even most of my colleagues at Harvard have applauded your appointment (see the enclosed Harvard Summer Crimson) and I read the typically acid and partisan words of J.K. Galbraith as a mild form of praise for a fiscal conservative like yourself. I hope we will continue to see you on various occasions of the American Council. With best wishes, Sincerely,  Richard M. Hunt  Enclosure a/s  RECEIVED AUG 1 3 1979 P. A. V. ANSWERED ATTENDED  ..  ...................  Board of Directors: John Diebold / Walter Eberstadt / Donna R. Ecton / Hon. Robert Ellsworth / Or. Guido Goldman / Gen Andrew Goodpaster / Frank Hoch / Dr. Richard M. Hunt / Joseph Kaskell / Lane Kirkland / David Klein / Hon. John J. McCloy / John McCloy II / Hon. George O. McGhee / Elizabeth Midgley / Cecil J. Olmstead / John E. Rielly / Hon. Charles E. Saltzman / Hon. Sargent Shriver / Joseph E. Siater / Hon. Paul A. Volcker / Eric M. Warburg / Frederick D. Wilkinson, Jr. / Rodney E. Willoughby Advisory Committee: Rep. John B. Anderson / Rep. Don Booker / Sen. William S. Cohen / Rep. Paul A. Findley I Sen. Gary Hart / Sen. Charles McC. Mathias / Rep. Henry Reuss / Sen. Donald W. Riegle, Jr. / Sen. Adlai E. Stevenson, Ill / Rep. Samuel Stratton / Sen. Paul A. Tsongas   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1  Removal Notice 7KHLWHPLGHQWLILHGEHORZKDVEHHQUHPRYHGLQDFFRUGDQFHZLWK)5$6(5 VSROLF\RQKDQGOLQJ VHQVLWLYHLQIRUPDWLRQLQGLJLWL]DWLRQSURMHFWVGXHWR copyright protections.  ŝƚĂƚŝŽŶ/ŶĨŽƌŵĂƚŝŽŶ Document type: newspaper article  Pages Removed:  Author(s): Scott A. Kripke  Title:  Experts Say Volcker Is Conservative  Date:  July 27, 1979  Journal:  The Harvard Crimson  Volume: URL:  Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  https://fraser.stlouisfed.org   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  PUERTO RICO BAVERS ASSOCIATIO\ BANCO POPULAR CENTER SUITE 820 HATO REY, PUERTO RICO 00918 TELEPHONE (809) 753-8630  July 31, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of N. Y. 33 Liberty Street 10045 New York, New York Dear Mr. Volcker: iFELICITACIONES! It was with great joy that Irene and I learned of the news of your new appointment. Quite frankly, we immediately thought about how Jimmy must have felt about it. Although I am sure you will have very little spare time from here on, remember there is a standing invitation for you to come back and try another fishing expedition, but this time in one of our small lakes. Of course, Jimmy must come along to try again the "tostones" and "rice and beans". iMucho exit° y mucha suerte!  JOSE RIV Executiv  P. S.  A JANER Director  How about a World Record: having a F. R. B. President in , Puerto Rico in one year and then as Chairman the next yearEIV E We'll love it!  [A 1 3 1979 P. A. V. .. , ANSWERED........  ............  ATTENDED  ......111.....  ....... ...   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CONTINENTAL BANK CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO • CHICAGO, ILLINOIS 60693  July 26, 1979  HERBERT E.JOHNSON SENIOR VICE PRESIDENT  Dear Paul: I was very pleased to see the announcement of your appointment to Chairman of the Federal Reserve System. I know you will bring a strength, leadership, and wisdom in direction to the banking system that it has needed for a long time. The immediate favorable response in all major markets certainly indicates you have the strong support of the financial community. Please let me know if there is any way in which I can lend support to your new challenge. Sincerely,  HEJ:LAA  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045  RECEIVED laIG  2 1979  P. A. V. ........ ........ ANSWERED........ A1_1E1E310E9_  SAMUEL MC)NTAC3U & C.O. LIMITED (I NCORPORATI NG DRAYTON)  114 OLD BROAD STREET PAUL JEANTY  LONDON  DEPUTY CHAIRMAN   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  EC2P 2 HY  (C. P. O. BOX 525)  TELEPHONE: 01 - 588 6464  Mr. Paul A. Volker, Chairman, Federal Reserve Bank, 33 Liberty Plaza, New York, N.Y. 10006. U.S.A.  7th August 1979.  On my return from holiday, I wanted to write this brief letter to congratulate you on your new appointment and to send you all my best wishes. I shall not be going to the I.M.F. meetings this year but I do hope to see you in the near future either in London or Washington. With best regards, Yours sincerely,  RECEIVED G 1 4 1979 I-. A. V.  ANSWERED ATTENDED Registered Office• 114 Old Broad Street, London EC2P 2HY  Registered in London Number 499482  1 . . 2.1.101111111  ONEIDA Established 1836 Incorporated 1865  NATIONAL BANK and TRUST COMPANY of Central New York UTICA, NEW YORK  H. RUSSELL JOHNSON CHAIRMAN OF THE BOARD   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 26, 1979  Paul A. Volcker, President Federal Reserve Bank of New York 33 Liberty Street Federal Reserve Post Office Station New York, New York 10045 Dear Paul: I am very happy to read of your change in title as Chairman of the Federal Reserve Bank. We in the banking profession and also in this great country, are very fortunate to have you accept this responsibility. The best of luck to you in the years ahead and I know we will all sleep more comfortable and securely knowing that you are at the head of the United States Financial picture. Sincerely,  H. R Chairman Of The Board  HRJ/maf   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RESERVE BANK OF AUSTRALIA  SYDNEY  e ow-1-  U.  tekr-  tA-t  r.1 ea- 4a÷ 16-#.0%-J.. \  %11,  inik‘dft  141%4.4.-41  CY‘e  -%04  Vka.  SAP.  GO•ft#4.•  ,AA^-4AZI• C-4rN0-41  1+1 -4  C4k.  "1-tAik  ax-es-4-;  LI  R'C.EIVED 8 1979 ANSWERED ATTENDED  4   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MURRAY KYGER  August 2, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York New York City, N. Y. 10045 Dear Paul: It was both pleasing and reassuring to see you nominated as Chairman of the Board of Governors of the Federal Reserve System, and I see from today's Wall Street Journal that your nomination has been cleared by the Senate Banking Committee. With every good wish. Yours sincerely,  Murray K ger MK/11  1A-L-Th  GULF AND OCCIDENTAL INVESTMENT COMPANY S.A. 7, AVENUE KRIEG GENEVA, SWITZERLAND SHAREHOLDERS:  POSTAL ADDRESS: P.O. BOX 218  ABU DHABI INVESTMENT AUTHORITY  CH - 1211 GENEVA 17  CREDIT INDUSTRIEL ET COMMERCIAL TELEPHONE: 022 / 46 46 11  QATAR NATIONAL BANK TELEX: 27048  UNITED STATES TRUST COMPANY INTERNATIONAL CORPORATION   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CABLES: GOIC GENEVA  Geneva, 2 August 1979 NK:pp  Mr. Paul A. Volcker Chairman designate Board of Governors. Federal Reserve System c/o Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. 10045 U.S.A.  Dear Paul, May I put in writing how much I admire your decision to accept the chairmanship of the Federal Reserve Board, and how intensely I hope your action will help to finally anchor the world economy in calmer waters. As the markets showed, confidence in competence counts, and it is difficult to add to the tribute you thus so deservedly received. Let me only add that I remain as available as in the past whenever you think I can be useful. With best wishes and k  t regards,  Nicolas Krul  i-a-P0  8 1  A. V. ANSWERED ATTENDED  9  The World Bank /   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Tokyo Office: Kokusai Building, Room 908, 1-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo 100, Japan Telephone—(03)(214) 5001 *Cable Address—INTBAFRAD TOKYO  July 26, 1979 The Hon. Paul A. Volcker President Federal Reserve Bank 33 Liberty Street New York, N.Y. 10045 U. S. A. Dear Honorable Volcker: It is with my great pleasure that I learn of the White House's announcement of your appointment as the Chairman of the Federal Reserve Board. I would like to extend to you my best wishes for your every success in this important position. At the same time allow me to reiterate my highest appreciation and thanks for your support, cooperation and courtesy extended to us during my past assignment in the Embassy of Japan in Washington, D.C. between 1971 and 1975. Waiting to have a honor of meeting you again in the near future, please accept, Mr. Volcker, my sincere congratulations and best wishes. Mrs. Kaya also sends you her best regards. With my best wishes, Sincerely yours,  // (_-Akira Kaya Director World Bank Tokyo Office  Headquarters: Washington, D.C., U.S.A.  FLORIDA INSTITUTE OF TECHNOLOGY MELBOURNE,FLORIDA 32901 OFFICE OF THE PRESIDENT   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 26, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Mr. Volcker: I was extremely pleased over your appointment by President Carter as Chairman of the Board of Governors of the Federal Reserve System and wish to extend my heartiest congratulations and very best wishes. The Federal Reserve, and indeed our country, is fortunate to be able to draw upon the talents and experience of individuals such as yourself, and you may be sure of my full support in the days ahead. Sincerely yours,  P. Keuper .Terome : 47Pr4ident (Director, Federal Reserve Bank of Atlanta-Jacksonville Branch) JPK:ag  AkiCs A N•  ATTENDED TO........ .  Kai Jacob Klasen Abteilungs-Direktor in der Bank fiir Handel und Industrie AG  UhlandstraBe 9-11 1000 Berlin 12 Telefon (030) 319 69 89  July 30, 1979 kla/br  Mr. Paul Volcker Chairman Federal Reserve Bank of New York 33 Liberty Street New York, N. Y. 10045  Dear Mr. Volcker: To hear the news that you are nominated by the president as the new chairman of the Federal Reserve Board was a great pleasure for me. I send you my heartiest congratulations for this honorable and difficult new job. I am deeply convinced that you are exactly the best choice for this task. The international trust in the value of the dollar will be strengthened. Your name is furthermore a guaranty for a close and effective monetary cooperation between our both countries. I hope to see you again either in the States or in Germany and once more all my best wishes.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  With regards yours,  N  Kai Jacob Klasen  Privat: Berliner Strae 29 • 1000 Berlin 31 • Telefon (030) 87 3815   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CROCKER nrmonm. wink TRUST AND INVESTMENT DIVISION 111 SUTTER STREET, SAN FRANCISCO, CALIFORNIA 94104 WOODWARD KINGMAN EXECUTIVE VICE PRESIDENT  July 26,1979  Mr. Paul Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: News of your appointment was one of the most heartening developments in a long time, and I wanted to say how grateful we all are for your willingness to take on this Chairmanship of the Federal Reserve at a time when your particular talents are needed so much. It has been quite a few years since I had the privilege of working with you in the first Nixon administration, and it is good to know that you will be back in Washington in these critical times. With all the best wishes in your new responsibility, Sincerely,  Woodwar. Ki gman WK:typ  RIZC  EIVEL)  JUL 30 1979 ANSWERED MENDED  I-I. A.  V  '''''''''''  .... ..  ...........  .......M•tetp,„  THE AMERICAN COUNCIL ON GERMANY 680 FIFTH AVENUE NEW YORK, N.Y. 10019 (212)397-oom  July 26, 1979  HON. JOHN J. McCLOY CHAIRMAN RICHARD M. HUNT PRESIDENT WALTER EBERSTADT TREASURER KKELL NSELAS JOSEPH COU  DAVID KLEIN EXECUTIVE DIRECTOR SARA ANN FAGIN SECRETARY  The Honorable Paul A. Volcker President The Federal Reserve Bank of New York 33 Liberty Street New York, New York Dear Paul: At last Jimmy Carter made one right decision -- appointing you Chairman of the Federal Reserve Board.  It is so well deserved!  And as a concerned  citizen of this republic, I am not only pleased, I feel much more secure.  Anne joins me in sending  our sincerest congratulations and best wishes for much success. Sincerely,  Board of Directors: John Diebold / Walter Eberstadt / Donna R. Ecton / Hon. Robert Ellsworth / Or . Guido Goldman / Gen Andrew Goodpaster / Frank Hoch / Dr. Richard M. Hunt / Joseph Kaskeli / Lane Kirkland / David Klein / Hon. John J. McCloy / John McCloy II / Hon. George C. McGhee / Elizabeth Midgley / Cecil J. Olmstead / John E. Rielly / Hon. Charles E. Saltzman / Hon. Sargent Shriver / Joseph E. Slater / Hon. Paul A. Volcker / Eric M. VVarburg / Frederick D. Wilkinson. Jr. / Rodney E. Willoughby Advisory Committee: Rep. John B. Anderson / Rep. Don Bonker / Sen. William S. Cohen / Rep. Paul A. FindleyGary Hart / Sen. Charles McC. Mathias / Rep. Henry Reuss / Sen. Donald W. Riegle, Jr. / Sen. Adlai E. Stevenson, III I Rep. Samuel Stratton / Sen. Paul A. Tsongas  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  GEORGETOWN  UNIVERSITY  WASHINGTON, D.C. 20057  (202) 625-3003  BANKERS FORUM  SCHOOL OF BUSINESS ADMINISTRATION SCHOOL OF FOREIGN SERVICE SCHOOL FOR SUMMER AND CONTINUING EDUCATION   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 27, 1979 Mr. Paul A. Volcker President Federal Reserve Bank ot New York 33 Liberty Street New York, New York 10045 Dear Paul: It may be difficult for you to appreciate how gratified your many friends were to learn of your designation as Chairman of the Federal Reserve Board. There is bound to be turbulence in the months ahead to test both courage and technical skill. I hope it will help you to know that you have our support and best wishes as you face the uncertainties ahead. Sincerely,  (UL1 j Samuel I. Katz, Director Bankers Forum  OVERSEAS PRIVATE INVESTMENT CORPORATION 1129 20th Street, N.W. Washington, D.C. 20527 Telex-OPIC Wsh 89-2310  Office of the President   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 2, 1979  Honorable Paul A. Volcker Chairman-Designate Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: Just a short note to congratulate you on your recent appointment by President Carter to head the Federal Reserve Board. Since you and I have known each other for quite some time, I have no doubt that you will do more than an outstanding job as the head of the Fed. However, I did not know until today that you were the Treasury Department's representative on OPIC's Board from 1971 to 1974, so, it is obvious that your association with a fine organization such as this can only lead to bigger and better things. However, I do have one reservation and maybe one doubt. If you remember, the last time we met was on the Eastern Shuttle to New York that sat on the runway for 2% hours and, at approximately 8 p.m. you, along with others, demanded a return to the terminal and debarked. However, being made of much sterner stuff, I hung on and arrived in New York at 11:45 p.m. while, I am sure, you had already been asleep for hours. That one moment of failure can be resolved and I am happy to know that you're in charge of the country's monetary system. When you come to Washington and have some time, please give me a ring. Again, my best regards and sincere best wishes. Sincerely,  J. Btuce Llew  CEIVED  1 n  tilr ratL '  7 1979  1•:.. OA-  Dominion Securities DOMINION SECURITIES LIMITED  Post Office Box 21 Commerce Court South Toronto Canada M5L 1A7 Telephone 362-5711  July 26, 1979.  D. H. Ward F. H. Logan A. S. Fell G S. Dembroski J. B. Pitblado M. H. Wilson C. R. Younger G. M. Black D. L. Erwood  Mr. Paul Volcker, Chairman, The Federal Reserve Board, c/o The Federal Reserve Bank of New York, 33 Liberty Street, New York, N.Y. 10045 Dear Paul, Congratulations on your appointment to the position of Chairman and best wishes for continued success. All of your friends are delighted! Our Economist's Department in an internal memorandum prompted by your selection stated "the choice could not have been better." These sentiments are widely shared both here and abroad. I look forward to our next meeting for the opportunity to wish you well in a less formal way. Sinçpe1y,  'Prank H. Logan Chairman  FHL.bn  P. A v ANSWERED........ ALTENDED To,  Toronto, Montreal, Vancouver, New York, London, Hong Kong and 21 other offices in Canada. Associated with Baring Brothers & Co. Limited and Morgan Grenfell & Co. Limited, London. Eng.  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  It.tIANALtt.ttay.W..  SOUTHWEST  BANK  KINGSHIGHWAY AT SOUTHWEST • ST. LOUIS, MISSOURI 63139 • PHONE: 776-5200  I. A. LONG CHAIRMAN OF THE BOARD AND CEO   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 26, 1979  Hon. Paul C. Volcker, President Federal Reserve Bank 33 Liberty Street New York, N.Y. 10045 Dear Mr. Volcker: I would like to extend my sincere congratulations on your appointment as Chairman of the Board of the Federal Reserve System. I feel confident that the Senate will confirm your appointment. We are fortunate to have this important position filled by a man of your qualities.  n of the Board & CEO IAL/mlb  MEMBER: FEDERAL DEPOSIT INSURANCE CORPORATION & FEDERAL RESERVE SYSTEM  THE GERMAN MARSHALL FUND OF THE UNITED STATES A MEMORIAL TO THE MARSHALL PLAN  11 Dupont Circle, N.W., Washington, D.C. 20036 (202) 797-6430 Cable: GMFUS Telex: 248329 CEIP  July 26, 1979  The Honorable Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045 Dear Paul: On behalf of our Board and myself, I want to extend best congratulations. on your nomination. The country is fortunate that you are coming back to Washington. Those of us involved professionally with Europe are especially aware of what your appointment has already done to calm the waters and your talents will do to overcome current economic problems between European countries and ours. You have very best wishes from us all for every success in this and all your endeavors at the Fed. Sincere]  Robert Ger.  ingston  BOARD OF TRUSTEES: William M. Roth, Chair; Elizabeth Midgley, Vice Chair; Arlin M. Adams; Irving Bluestone; William H. Donaldson, Treasurer; Marian W. Edelman; Bernard R. Gifford; Guido Goldman; Thomas L. Hughes, Secretary; Carl Kaysen; John E. Kilgore, Jr.; Moon Landrieu; Robert Gerald Livingston; Joyce D. Miller; John L. Seigenthaler; Eugene B. Skolnikoff; Richard C. Steadman; Howard R. Swearer; Russell E. Train.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Robert Gerald Livingston, President  C. Kenneth Orski, Vice President  A   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  N/A  L-  `-ri IN1 AT"I CD NI A1 / 4L- ESA NI K  M EMBER FEDERAL RESERVE SYSTEM  HEADQUARTERS : PH 0 EN IX, AR 1 ZO NA  ROGER A. LYON PRESIDENT CHIEF ADMINISTRATIVE OFFICER  PHOENIX  July 27, 1979  P. O. BOX 71  Mr. Paul A. Volcker President Federal Reserve Bank of New York Federal Reserve P. O. Station New York, NY 10045 Dear Paul: This is just a note to express my sincere congratulations upon your being nominated by the President for the FED Chairman's role. I think President Carter's choice of you is an outstanding move, recognizing not only your talents, your interests, but also the perception of the domestic and financial communities appraisal of the abilities of one Paul Volcker. It's been virtually twenty years since we last worked together, and while those days were fun, I'm not sure I would really want to trade them for today. My move out of your environs, of course, has a lot to do with that. I don't imagine our paths will cross a great deal, but since I do have an involvement in the ABA Government Borrowing Committee, they may, as we have been able to interface with the Chairman over dinner during those four meetings a year we have in Washington. I look forward to being able to continue that pattern, and even more so in view of the fact that you would be our honored guest. Again, my best wishes for a successful approval and then reign as Chairman of the Fedru eral Reserve Board. Best personal regards. Sincerely,  85001   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  NATIONAL ASSOCIATION OF MANUFACTURERS  R. HEATH LARRY,PRESIDENT  July 26, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of NY 33 Liberty Street New York, NY Dear Paul: When you and I sat at dinner together several weeks ago, this particular turn of events may not have seemed highly likely. Whatever brought it on, one clear outcome is that the country does have one of the most competent Federal Reserve Chairmen that it could possibly have. It represents sacrifice on your part but I know the nation will be appropriately grateful. With every good wish Sincerely,  R  ECEIVED JUL 30 1979 A. v.  ANSWERED,............. ALTODO. TO„,, ........,... 1776 F Street N. W, Washington,D.C. 20006 • Phone (202) 331-3800   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Bank of Canada Banque du Canada  Ottawa KlA 0G9 July 25, 1979.  Mr. Paul A. Volcker, President, Federal Reserve Bank of New York, Federal Reserve P.O. Station, New York, N.Y. 10045.  Dear Paul, I am writing to tell you of my enormous pleasure at this morning's news that you have been nominated as Chairman of the Board of Governors of the Federal Reserve System. I send my warmest congratulations and best wishes. I think that all of us outside the United States who believe that there is an extremely tight link between the welfare of the United States and the welfare of the international community will be greatly heartened that you will be presiding over the affairs of the Federal Reserve System. I know well how difficult a job you are taking on, but I am sure that you will do it with great distinction. With warmest personal regards.  Yours sincerely,  RECEIVED AUG  2 1979  P. A. V. ANSWERED ATTENDED TO  R. W. Lawson, Senior Deputy Governor.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  BANK0F AMERICA  RICHARD F. LARSEN Vice President and Senior Economist  July 30, 1969  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street 10045 New York, New York Dear Paul, Congratulations. A superb choice. Have missed you on recent trips to New York, but have had you often in mind while forecasting regulatory trends. Greetings to Barbara and the very best to you both from Chris. Sincerely yours,  Richard F. -Larsen, Vice President and Senior Economist RFL:ds  rL7 a- CEIVED 8 1979 P. A. V. ,Z..j fkriS INE*  0•1MOTPIMINIMION“  A11ENOED TO .  .  BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION • LOS ANGELES 90071  Pt!   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RICHARD K.LEBLOND,Er  HA ctAeoL cp,0010   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  cvre, c,te,6e4ate,d- 1,& F , toct, ,Eott y_oet 1 r4),441.- ?-e-trt a44--  RECEIVED latiG  2 1979  ANSWERED ATJENDED-ro.  M  Graduate School of Business Administration • The University of Michigan • Ann Arbor 48109  PAUL W. McCRACKEN Edmund Ezra Day University Professor of Business Administration   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 26, 1979  Mr. Paul A. Volcker, President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: The nation, and the community, are fortunate that juncture, the President could leadership as Federal Reserve  entire world at this critical turn to you for Chairman.  This is to extend to you a citizen's gratitude for your being willing, at no small personal cost, to accept this responsibility. Regards,  1 W. McCrac en PWM:dj  STEWART B. rvIcKINNEY  DISTRICT OFFICES:  4TH DISTRICT, CONNECTICUT  FEDERAL BUILDING LAFAYETTE BOULEVARD  106 CANNON HOUSE OFFICE BUILDING  BRIDGEPORT, CONNECTICUT  Congre55 of the  COMM ITTEES: BANKING, FINANCE AND URBAN AFFAIRS  tact)6tate5  DISTRICT OF COLUMBIA  jimAt of Aepre5entatib0  TELEPHONE:(202) 225-5541  Ellatbington, ri.C. 20515   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  06603 TELEPHONE:(203) 384-2286 500 SUMMER STREET  STAMFORD, CONNECTICUT 06901 TELEPHONE:(203) 357-8277 NORWALK, CONNECTICUT TELEPHONE:(203) 866-6469  July 27, 1979  Mr. Paul Vblcker, President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: The announcement of your appointment was certainly encouraging. Personall!, I am very glad that you are bringing your version of common sense to Washington. As you have mentioned in conversation, the Federal Reserve System is no place for politics. I am sure that under your chairmanship you will practice that policy and our country will be the better for it. As a member of the House Banking Committee, I look forward to working more closely with you in the future. I wish you success during your term. Warmest r  s,  t B. MCKinney, M.C.  SBM:dsk  THIS STATIONERY PRINTED ON•PAPER MADE WITH RECYCLED FIBERS   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  HOWARD W. MCCALL,JR.  August 1, 1979  Dear Paul: Your selection as Chairman of the Board of Governors brings me great pleasure and, at the same time, great relief. I am writing to congratulate you and to say how appreciative all of us ought to be that you are going to take this important post. Knowing your strength of character and your wealth of experience, I am confident that the country has as the Chairman of the Federal Reserve the best man available and I send you every good wish for a successful Administration and for your personal happiness. You are a great patriot! With kindest personal regards, I am Sincerely,  " / 7 6111L4  Mr. Paul A. Volcker c/o Federal Reserve Bank of New York_ Federal Reserve P. 0. Station New York, New York 10045  CE I V  ga 8  P. A ANSWERED............. . ATTER=  THE CITIZENS NATIONAL BANK AND TRUST COMPANY The most bank for your money.  Wellsville, New York 14895  Telephone (716) 593-1500  THEODORE M. McCLURE President   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 2, 1979  Paul A. Volcker, President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: On Friday, July 20, I happened to be having breakfast with John R. Petty, President of Marine Midland Banks, Inc. That day was just after the announcement had been made that G. William Miller had been nominated as Secretary of the Treasury. Both John and I agreed that his replacement could not be better served than by your appointment as Chairman of the Federal Reserve Board and I was especially pleased to read the subsequent announcement that that is exactly what had happened. During my years on the Board of the Buffalo Branch of the Federal Reserve Bank of New York I had several occasions to meet with you and was impressed with your ability to understand the complex financial matters involved with the Federal Reserve and international finance. It is a pleasure for me to be able to congratulate you on this nomination and you may be assured that I will watch with interest the results of this appointment.  RECEIVED  Sincerely yours,  [AUG 71979 t-644e-G President TMMc:sm  OFFICES:  P. A. V. .................... ANSWERED ...... ...................... WENDED  WELLSVILLE, ANDOVER, ALFRED, WHITESVILLE, BOLIVAR, CUBA, OLEAN   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  NATHANIEL M. McKITTERICK CONSULTANT 1835 K ST., N.W. SUITE 300 WASHINGTON, D.C. 20006 PHONE: 833-3917  The Hon. Paul Volker President, Federal Reserve Bank of New York 33 Liberty Street New York City, N.Y. 10045  July 31, 1979  Dear Paul: It was in far-off Fiji, at the end of a long and boring trip, that I heard that the voice of Volker was being heard again in the land of Washington. I didn't stay long enough to find out whether the Fiji dollar ($1.23) or the Papua-New Guinea kina ($1.45) or the Solomon Islands dollar ($1.13) reacted immediately, but I have every confidence that they have by now. If there is anything I can do for you in your new post, please let me know. Managing "the controlled dis-integration" (the quote is PV) of the Western world is a task I feel I should share in, especially with somebody who sees the task so well. We both send our love to Barbara, and to you our very best wishes and hopes for success in a job that everybody in the world seems to agree you are superbly suited for. (Though I would still rather serve under Volker, first Minister of Finance in the U.S.!).  Sincerely,  A G  2 1979 A. V.  ANSWEREO ATTENDED TO  4  MERVES AND COMPANY CERTIFIED PUBLIC ACCOUNTANTS 1617 JOHN F. KENNEDY BOULEVARD PHILADELPHIA. PENNSYLVANIA 19103 STANLEY MERVES, CPA BARRY BRENNER, CPA STEPHEN A. MERVES, CPA   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  215-561-1900  July 26, 1979  Mr. Paul A. Volcker, President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Mr. Volcker:  Congratulations on your nomination to be Chairman of the Board of the Federal Reserve System. I realize that public service is a sacrifice by those competent people who take on the responsibilities of the nation.  I thank you for your past efforts, wish you good luck in your endeavor to stop inflation, and pledge my support to that goal.  Sincerely,  Stanley Me v s SM/ew  F-,t.ECEIVED JUL 3 0 1979 H. m. V. ANSWERED ATTENDED TO  I• • • OOOOOOO  MattIMO&   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CONTINENTAL BANK CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO • CHICAGO. ILLINOIS 60693  August 1, 1979 ALFRED F. MIOSSI EXECUTIVE VICE PRESIDENT  Dear Paul: Just a short note to add my congratulations and every good wish for your success in the important job which you will be undertaking. All of your friends in the international financial community are pleased to see you at the helm during this critical time in our economic history. You have our full support. Kindest personal regards Sincerely  Mr. Paul A. Volcker President Federal Reserve Bank of New York Federal Reserve P. 0. Station New York, New York 10045  RECEIVED AUG  7 1979  P. A. V. ANSWERED ATTENDED TO,........ ................  ................  F .   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  STATE BANK OF CHITTENANGO CHITTENANGO, NEW YORK 13037  ROBERT B. MACDONALD PRESIDENT  August 1, 1979  Dear Paul: The news of your appointment to the Chairmanship of the Board of Governors came as a delightful surprise. I share the pleasure of the entire financial industry that the job will be in such capable hands. Sincere congratulations and best wishes. Cordially,  et,  Mr. Paul A. Volcker President Federal Reserve Bank of New York Federal Reserve Post Office Station New York, New York 10045  1700 G Street, N.W. Washington, D.C. 20552  Federal Home Loan Bank Board  Federal Home Loan Bank System Federal Home Loan Mortgage Corporation Federal Sayings and Loan Insurance Corporation  ANITA MILLER Acting Chairman  July 31, 1979  Mr. Paul A. Volcker Federal Reserve Bank of New York New York, N. Y. 10045 Dear Mr. Chairman: I would like to extend my by President Carter to be earned the respect of all of the United States, and felt in the coming years.  sincere congratulations to you on your selection chairman of the Federal Reserve Board. You have those throughout the world concerned with the economy I know your presence will be appropriately seen and  The Federal Reserve Board and the Bank Board have worked recent months on a number of sensitive matters that have and understanding. It is with the hope of continuing in forward to working with you. Your friend and associate, me every reason to believe that this will be the case.  closely together in required mutual respect this spirit that I look Bryce Curry, has given  I look forward to meeting with you on your arrival in Washington. Sincerely yours,  Acting Chairman   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RECEIVED AUG 8 1979 P.A.V. ANSWERED ATTENDED TO.,,..„  ................41.041111111k  UNITED MIZRAHI BANK LTD. 48, LILIENBLUM ST., TEL-AVIV, ISRAEL   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  AHARON  MEIR  MANAGING DIRECTOR  July 31, 1979  Mr. Paul Volcker, Chairman, Federal Reserve Bank of New York, 99 John Street, New York, N.Y. 10045 U.S.A.  Dear Mr. Volcker: Upon your appointment as Chairman of the Federal Reserve Bank, I wish to extend to you my warm congratulations and my best wishes for your success in your new assignment. With kindest rgeards, I am, Very truly yours,  /revc  Aharonv  MeltManaging Director  -t  ECEIVED 1;10  1979 A. V. ANSWERED ATTENDED TOt ''''''''''' '''''''' '''''''''''   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  the inn at estes park 1701 Big Thompson Avenue / Highway 34 Estes Park, Colorado 80517 (303) 586 - 5363  4 /14itJsr 1) (57?  e-P4‘A  04. 4 nAers c.4 1 s  rr  (oSea  "ft  est e r  4fr  ho,ir y.o0  f"f  s  4earl hrtcp  e-(  (4-.)`0,44143  3.tar—  cet4  e 770 7 — r0 0  tv\irf  tka  tts  tkr—e  C  Vt  nc.t ik—TTc'  P14  b-es  1.  I  \J  4  WI  i/N  Liao  1  ee .  )AeSt gottoRECEIVED (A2k0A ec  9 1979  fkcert94( A  v ANSWERED ATTENDED  ...... ............................  for  WENDER, MURASE & WHITE ATTORNEYS- AT— LAW RESIDENT PARTNERS WILLIAM L. DICKEY MATTHEW J. MARKS  1800 M STREET, N. W.  400 PARK AVENUE  SUITE 675  NEW YORK, NEW YORK 10022  WASHINGTON, ID. C. 20036  (212) 832-3333  RICHARD LINN PATENT 5. TRADEMARK COUNSEL PARTNERS RESIDENT IN (202) 452-8950 CABLE: WEMULAW  BURTON Z. ALTER* CAROL SEABROOK BOULANGER*  CARACAS  DOMESTIC TELEX: 89263'  PETER A. DANKIN*  INTERNATIONAL TELEX: 248749  SAMUEL M. FEDER PETER FIGDOR  TELECOPIER:(202) 296-7760  DUSSELDORF LONDON  JOHN J. FINLEY* MONTREAL  PETER J. GARTLAND*  July 30, 1979  ROBERT M. GOTTSCHALK*  NEW YORK  J. PORTIS HICKS* EDWARD H. MARTIN  PARIS  GENE Y. MATSUO* JIRO MURASE  sAo PAULO  ALDEN MYERS* PETER J. NORTON*  TOKYO  IRA TENSARD WENDER JOHN TOWER WHITE *NOTADMITTEDINID.C4  TORONTO  The Honorable Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York Dear Paul: When we last communicated, it was to congratulate you on your appointment as President of the Federal Reserve Bank of New York. This time I want to thank you, as an American citizen, for accepting the President's nomination as Chairman of the Federal Reserve Board, notwithstanding the great personal sacrifice that this will mean to you. I can't think of a more perfect man for the job. The sharp upward movement of the Dow Jones average immediately after the announcement of your appointment indicates that others must agree with this judgment. During the past six months I have been heavily involved in representing the European Communities in connection with the U.S. implementation of the Multilateral Trade Agreements. The law is such a complicated mess that it will probably provide a gold mine of future business for lawyers such as myself. Congratulations and best wishes.  g5,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  w  Regards,  2Ae.e a-v  MJM:ch  Matthew J. Marks •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  THE SENATE JOHN J. MARCHI  PLEASE REPLY TO:  STATE OF NEW YORK  358 ST. MARKS PLACE  24T11 DISTRICT  ALBANY 12247  CHAIRMAN  STATEN ISLAND,N.Y.10301  COMMITTEE ON FINANCE  July 31, 1979  The Honorable Paul A. Volcker Federal Reserve Bank 33 Liberty Street New York, New York 10045 Dear Mr. Volcker: I wish you every success in your new undertaking. The enclosed evidences my empathy for your approach. Again, my best and Nils Carborundum Bastardi. Sincerely,  JJM:jb Encl.  AUG  2 1979  P. A. V. ANSWERED  ATTENDED All 610..ftin  THE SENATE  STATE OF NEW YORK JOHN J. MARCH!  ALBANY 12247  PLEASE REPLY TO:  24T.t. DISTRICT  358 ST. MARKS PLACE  CHAIRMAN  STATEN ISLAND,N .Y.1030!  COMMITTEE ON FINANCE  .July 31, 1979  The New 229 New  Editor York Times West 43rd Street York, New York 10036  Dear Editor: I am compelled to demur with your editorial thesis "that the ultimate goal remains a rising standard of living." It is true only if its impact is broadly based. Those Americans who can protect themselves are lifting the socalled standard of living at the expense of our more vulnerable elements of our society. Why are the levels of savings accounts declining while stock portfolios, tangibles,not restricted to gold,and real property, either stable or appreciating in value? The 1974 recession was mainly the product of steeply rising energy costs and we along with other Western nations and Japan had made considerable progress in stabilizing its effects. Paul A. Volcker makes eminent sense when he states that "there is no substitute for monetary discipline," and I might add a lag in productivity. If we maintain our current spending rate and reduce taxes it would be a disaster. Japan taxes its citizens less than we do and Germany more than we do and yet both nations are functional because both countries are internally economically consistent. Michael Blumenthal appeared to me to have wanted to apply those restraints and Volcker's commitment, if believed, has already strengthened the dollar in the international money markets. My only caveat is your concern over election year pressures which could dispose of what anyone might rationally propose. Very truly yours,  John J. Marchi JJM:jb   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  BANCO DE TALCA PRESIDENCIA   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Santiago, Chile July 26, 1979  Mr. Paul Volcker, Federal Reserve Bank of New York Federal Reserve Post Office Station New York 10045, N.Y.  Dear Paul, I have been very glad to learn today through press reports in Santiago of President Carter's announcement of your appoint ment as Chairman of the Board of Governors of the Federal Reserve. Your expertise can certainly make a substantial contribution to economic policy formulations in the United States and to more balanced growth of the world economy. As you know,the economic success of less developed countries and particularly those of Latin America is closely linked to that of the world economy and the United States. So, in your success we find our own. My best wishes to you in your new responsibilities and the best of lucks. Cordiall  arlos Massad  CEIVED iWB 7 1979 p. A. V. .................. ANSWERED ....... ........ ATTENDED  2 4SI  \  Chairman  Lloyds Bank Limited, 71, Lombard Street, London, EC3P 3BS 26th July 1979  This is wonderful news, both for the future course of the U.S. economy, on which we all so much depend, and on the personal side. Many, many congratulations, and best wishes to Barbara and yourself. You are forbidden to reply: I will hope to see you in Belgrade.  Mr. Paul A. Volcker, Federal Reserve Bank of New York, NEW YORK, N.Y., U.S.A.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ' )7.61A1 RECEIVED 8 1979  iJG  A. V. ANSWERED MJENDED  Lloyds Bank Limited is registered in England, No. C2065. Registered Office: 71 Lombard Street, London, EC3P 3BS   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  EAST RIVER SAVINGS BANK 26 CORTLANDT STREET, NEW YORK, N.Y. 10007 TEL (212) 553-9600  Austin 'S. Murphy Chairman and President  August 2, 1979  The Hon. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: Almost the first good news I've heard in a long time is your selection as chairman of the Federal Reserve Board. You have been at the nerve center of domestic and international monetary affairs for a long time and are better equipped than almost anybody else to take charge of this extremely difficult situation in which we find ourselves today. Reading between the lines, I'm inclined to think that both President Carter and Bill Miller will place great weight on your observations and advice. Believe me, I wish you well in this strenuous undertaking and offer you whatever support will be useful. You have all my good wishes for success and satisfaction in this prominent and demanding spot. Cordial good regards,  ASM:egm   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  INTERNATIONAL MONETARY FUND WASHINGTON. D. C. 20431  CABLE ADDRESS  INTERFUND  July 26, 1979  Dear Paul: It was a great pleasure to hear the news of your willingness to undertake the heavy responsibilities of the Chairmanship of the Federal Reserve Board.  I am  sending you my best wishes for full success in the difficult days ahead. Sincerely yours,  George P. Nicoletopoulos Acting General Counsel Mr. Paul A. Volcker President Federal Reserve Bank 33 Liberty Street New York, N. Y. 10045  RECEIVED JUL 3 0 1979 P. A. V. r11!‘•  Ai  -   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RICHARD  NIXON  SAN CLEM ENTE, CALI FORN IA  August 1, 1979  The best news from Washington in a long time was your appointment as Chairman of the Fed. Based on our long association, I feel confident that the dollar is in good hands and that the nation will be stronger as a result of your leadership. With warm regards,  The Honorable Paul A. Volcker Federal Reserve Bank, New York 33 Liberty Street New York, New York 10045  RRN A ROBERT R. NATHAN   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ASSOCIATES, INC. CONSULTING ECONOMISTS 1200 EIGHTEENTH STREET, N. W, WASHINGTON,D. C. 20036 PHONE 202/833- 2200  TELEX: 248482  CABLE: NATECON  August 1, 1979  The Honorable Paul Volcker Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: I join your many colleagues and friends in extending congratulations on your designation as Chairman of the Board of Governors of the Federal Reserve System. In reading a few days ago press excerpts of your thoughtful or otherwise apt comments over recent years, I was transported back mentally to discussions with you and other acquaintances in the era of our somewhat voluntary controls. I am encouraged that your talents, as I became familiar with them in those daya,will again be at play in this city. Perhaps the opportunity will arise again for us to cross paths in Washington. With very best wishes,  Bernard Norwood Principal Associatethat  THE BANK OF JAPAN TOKYO  SHIJURO OGATA  CPO BOX 203 TOKYO, 100-91  DIRECTOR, FOREIGN DEPARTMENT   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  TEL. 279-1111  July 27, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York New York, N.Y. 10045 U. S. A.  Dear Mr. Volcker, Please accept my heartiest congratulations on your nomination as Chairman of the Federal Reserve Board. I believe that your appointment is the best conceivable step to restore the international confidence in the U.S. dollar. I also admire your determination to serve your great country by accepting whatever personal sacrifice you have to make. Sadako, who has returned here from New York, joins me in wishing you every success in your new and very important responsibilities.  Sincerely,  EIVED .4)  P. A. V. ANSWERED ATTENDED  SECURITIES INDUSTRY ASSOCIATION 20 Broad Street, New York, N. Y.10005 1 212, 425-2700  EDWARD I O'BRIEN President  July 25, 1979  Mr. Paul A. Volcker Federal Reserve Bank of New York 33 Liberty Street New York, N. Y. 10045 Dear Paul: I was delighted to learn today of your appointment as Chairman of the Fed. It is good to see an able representative of Kappa Beta Phi handling such important matters. I will not burden you at this time with all of the great issues which are outstanding between the Fed and the securities industry involving revenue bonds, commercial paper, private placements, and a host of other areas. Over the coming months I hope to have the opportunity to discuss some of these matters with you. My purpose now is simply to extend to you my congratulations and my very best wishes for your happiness and success. Sincerely,  EOB:meb  WASHINGTON OFFICE: 490 L'Enfant Plaza East, S.W.,Washington, D C. 20024 • (202) 488-4664  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  G 9 1979  -.A.SA 2-"Pk -3  19) 5  P. A. V. ANSWERED ATTENDEDII/ V  ,  ..*Le  t—c2ck 0%-e  cec•Qcoa,,  U  2,0vD•_.1 ef—va.a c_Ict-. ...4-kme   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Ler--..•->ma...-%A....er-b-L, .I ca-Q.C2 --a2.3-la  ..,.* c-c-%•. -- •  ( ), / 1 4•zA ..Z.  coRo to PCPfk`e  A  AMERICAN BANKERS ASSOCIATION  1120 Connecticut Avenue, N.W. Washington, D.C. 20036  July 26, 1979 rRISID ENT John H. Perkins President Continental Illinois National Bank and Trust Company Chicago. Illinois 60693  Mr. Paul A. Volcker, President Federal Reserve Bank of New York Federal Reserve P. O. Station New York, New York 10045 Dear Paul: Like just about everybody else, all of us were absolutely delighted with your appointment. There is little to add to all of the nice things that have been said except to share them and wish you great success as we look ahead. With my ABA hat on, it probably is not too early to suggest that we get together fairly soon and talk about some of the very important legislative balls that are in the air which will be very much on your platter in your new job as well as they were in your old one. The Federal Reserve membership bill has had a number of interesting twists and turns. I thipk-it might be useful -if we had a chance to visit and talk some about thlig-from the perspective we see. In particular, it might be helpful to,bfing you up-to-date on the developments of the last couple of weeks, the actions through the House, and the conversations that have been taking place with Proxmire's people. Also, it probably would be worth v4/siting some on other matters, such as the very important Senate bill on Regu ation Q and third party transaction accounts and what might be done before the January 1 effective date for the court order implementing the decision earlier his year. Of course, this all assumes--as it seems safe to do--that your confirmation will set a record getting through the Committee and the Senate. Again, best wishes and looking forward to working with you. Sincerely,  7:7 -4••  v  .44•••• ')ary0  JHP:IRK   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  2 P. 1. V. PISV4ERED .• ..... .................. XTTENDED  ..... .......  1  I   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  PANNILI, AND HOOPE R. ATTOR N EYS AT LAW II00 M I LA M  BUILDING  SUITE 580 HOUSTON,TEXAS 77002  (713) 659-8090  July 27, 1979  Honorable Paul A. Volcker, Chairman-Designate, Federal Reserve Board, Federal Reserve Bank of New York, Federal Reserve Post Office Station, New York, New York 10045  Dear Mr. Chairman: I was really delighted to hear that President Carter had had the fine judgment to appoint you as Chairman of the Federal Reserve Board. Like the gnomes of Zurich, I slept better knowing that you are to take care of the dollar. There are not many gnomes in Texas, but if you ever find yourself here I hope you will let me know. Congratulations again.  rd lAiiii4,404„..... 44-...•,-...•  Sincerely,  William Pannill  .4  Adelphi University Schools of Business GARDEN CITY, L.I., N.Y. 11530 / (516) 294-8700  SCHOOL OF BUSINESS ADMINISTRATION SCHOOL OF BANKING AND MONEY MANAGEMENT  OFFICE OF THE DEAN  August 3, 1979  Mr. Paul A. Volcker Chairman-designate of the Federal Reserve Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Mr. Volcker: On behalf of the Faculty and Administration of the School of Banking and Money Management and the School of Business Administration, I offer you warm and sincere congratulations for your selection as the Chairman of the Board of Governors of the Federal Reserve. I am convinced that your appointment is a great asset to the nation in both the short run and the long run. I enthusiastically support your commitment to fight inflation at home and restore international confidence in the dollar and the United States economy by carefully charting a disciplined monetary policy course of action. I do wish you continued success in the future. With best regards, Sincerely,  r ames C. Patchias Dean  RECEIVEL) JCP:jr   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  7 1979 P. A. V. ANSWERED ATTENDED TO   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  777r:  Yile  '  /v° zuedo,'  ,Vide  e"),eaiily August 3, 1979  Dear Paul, I want you to know that I was delighted to learn of your appointment by President Carter as Chairman of the Board of Governors of the Federal Reserve System. I don't know of anyone who is better qualified to occupy that very strategic and sensitive position. We all have fond memories of your stay on the Island last December during our Bankers convention. You certainly made an impression on us at that time. You can be sure that we in the Treasury Department and the entire banking community of Puerto Rico wish you the best in your new assignment. Please give my kindest regards to Jimmy. I hope to see you back in Puerto Rico soon. Cordptlly yours,  P \id/AA iv Julio Cesar Perez   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  zeo,.fr„ded  s  ONE WILLIAM STREET NEW YORK,N. Y.10004  PETER G. PETERSON CHAIRMAN OF THE BOARD  July 27, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: I am delighted for the country and for you!  RECEIVED 3UL 3 0 1979 A. V. ..... .. ANSWERED.....  AITENDEA  UNIVERSITY OF MARYLAND COLLEGE PARK 20742 DIVISION OF BEHAVIORAL AND SOCIAL SCIENCES  OFFICE OF THE PROVOST  TYDINGS BLDG., ROOM 2141 (301) 454-5272  COLLEGE OF BUSINESS & MANAGEMENT  August 1, 1979  ANTHROPOLOGY DEPARTMENT ECONOM ICS DEPARTMENT GEOGRAPHY DEPARTMENT GOVERN M ENT & POLITICS DEPARTMENT HEARING & SPEECH SCIENCES DEPARTMENT INFORMATION SYSTEMS MANAGEMENT PSYCHOLOGY DEPARTMENT  Mr. Paul Volker, President Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. 10045  SOCIOLOGY DEPARTMENT INSTITUTE OF CRIM 1NAL  Dear Paul:  JUSTICE & CRIM INOLOGY INSTITUTE FOR URBAN STUDIES AFRO-AMERICAN STUDIES PROGRAM LINGUISTICS PROGRAM BUREAU OF BUSINESS & ECOtvOM IC  Just another note to add my sincere congratulations on your becoming Chairman of the Federal Reserve Board to the many thousands of congratulatory letters you must have on hand by now. I am delighted.  RESEARCH BUREAU OF GOVERNMENTAL RESEARCH   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I hope that since we will be "neighbors," shortly you and I will have the opportunity at times to get together. Cordially,  Adteit/-7f4, Murray E. Polakoff Provost   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  fAiRlEigh diCkiNSON UNIVERSITY  OffiCE Of ThE pRESidENT  RUTI-1EREORd, NEW JERSEY 07070 (201)9”--5000  August 2, 1979  Mr. Paul Volcker Federal Reserve Bank New York, New York 10045 Dear Paul: Having just emerged from weeks of almost total isolation in the Adirondacks, I am just catching up on national news items. To put it mildly, some things happened while I was gone. President Carter's request that you head the Federal Reserve Board is added recognition of your many important contributions and recognizes the high regard in which you are held throughout the world. We owe you our gratitude for your willingness to accept the position and the demands which will be placed on the Chairman during the months ahead. These months will be critical ones for our nation, and we are fortunate that you will play such an important role in resolving the problems which face us. My very best wishes to you.  RECEIVED  Sincerely,  r, f.„0 (-17 Iv . A. V. ANSWERED  ATTENDED  ....... .....  .............................  floRhAm-mAdisoN•RUTIIERFORd/WAyNE•TEANECk-liACkENSACkt NEW jERsEy   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  732-8886  HERBERT V. PROCHNOW ONE FIRST NATIONAL PLAZA -SUITE 2538  CHICAGO,ILLINOIS 60670  August 1, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York New York, New York 10045 Dear Paul: Congratulations both to you and to the country for your nomination for the Chairmanship of the Federal Reserve Board. I happened to be in Paris at the time of the announcement meeting with about a dozen of the heads of the world's major banks. All of them were greatly pleased with the announcement. You have had a distinguished career and I am sure will make a further significant contribution to the country. With best wishes, I am Very sincerely yours,  HVP/hmc AUG  ANSWERED ATTENDED TO   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ?t_tiI  4-9  dc-c 473   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  fri (  ir-rt4  •  e-ei  atu2/  A-Li  711  t  c57,tc 22„.7  4   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  0?-tz_.  Iwtt-cA,  ff -  -de  (1  —  -0-t (V  ty,ni  rt1 a pia  ? 2 ii_i et.zJ Ai  , te..  6)  , 41.-1,/ e__, ei & I , , ri rh 40 i-e-w<4. /-2.-LL1  -1E4-i-  7A-e-1  ,it..4A4ra  d-ef,  e9 'Le-,a  -di itx, ei,.i /c. Xi. c3e4)  al  /at  "1-t-,iLet.-1E9  „irz  kee,e, IrlJC  . un  2/h,v_447i-p-k,  Ad  42  _i-e:eett,c_ti  e.  /-rz7.4  trniv   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RECEIVED AUG  2 1979  P. A. V. ANSWERED ATTENDED  EXPORT-IMPORT BANK OF THE UNITED STATES WASHINGTON. D.C. 20571  CABLE ADDRESS "EXIMBANK"  BOARD OF DIRECTORS   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  TELEX 89-461  July 26, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: Was absolutely delighted to learn that the President had nominated you to succeed Bill Miller as Chairman of the Federal Reserve Board. Congratulations! I look forward to seeing you in Washington. Best regards.  Thibaut de Saint Phalle  TSP/ljh   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Babcock International Inc. 1616 NORTH FORT MYER DRIVE ARLINGTON, VIRGINIA 22209 Telephone 703 522-0700 Telex 89-575  DONALD PARVIN President and Chief Executive Officer  July 26, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York New York, New York 10045 Dear Mr. Volcker: Having had the very pleasant opportunity to participate in one of your luncheon meetings for business executives at the Federal Reserve Bank in early 1977, when I was directly involved in the day to day operations of our principal United States subsidiary company, Acco Industries Inc. (formerly American Chain & Cable Company, Inc.), I felt that it would be appropriate for me to add my congratulations to those you will already have received from many quarters upon your nomination as Chairman of the Federal Reserve Board. I believe that you will have been most gratified by the universally positive response to your nomination. I am indeed sure that this is because it is widely recognized that a very firm hand is needed in the determination of monetary policy at the present time. Please accept my very best wishes for outstanding success in your new demanding role. Yours sincerely,  Donald Parvin  kECE:IVED JUL 3 0 1979  DP/gg/897  V. ANSWERED ATTENDED  A subsidiary of Babcock & Wilcox, Limited, an independent British company  lol  The Chase Manhattan Bank, N.A.  Robert H. Riley  1 Chase Manhattan Plaza New York, New York 10015  Vice President  v  CHASE   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 30, 1979  Mr. Paul A. Volcker, President Federal Reserve Bank of NY 33 Liberty Street New York, NY Dear Paul: Congratulations amongst many I am sure. Gold has now been stretched almost certainly to one of its longest human forms! Length has conquered breath. Sincerely, though, best of luck especially with your "friends" the French. If you need any help with odds or ends, do not hesitate to ask (less than a job which I don't need). Since finishing law school, my advocations are less time consuming. Best regards. Sinc'rely,  Robert H. Riley RHR:mc  RECEIVED h  AN ATTENDED  2 1979 R A. V. ......... .......... ........ .......  MYER RASH ISH CONSULTING ECONOMIST  BIB CONNECTICUT AVENUE. N. W. WASHINGTON. D. C.20006 1202) 466-6700  July 30, 1979  Honorable Paul Volcker President New York Federal Reserve Bank 33 Liberty Street New York, New York 10045 Dear Paul: I would like to add my drop to the flood tide of congratulations which you have by now received on your appointment as Chairman of the Fed. Your appointment was an occasion for celebration at the end of a fortnight that provided little reason for cheer. can imagine that your decision was not an easy one, but I hope that it will prove to be a source of satisfaction to you at least equal to the value which we all anticipate from it for the country and the world.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  With warmest regards and every good wish.  THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES 1285 Avenue of the Americas, New York, N.Y.10019 554-4947  FRANCIS H. SCHOTT Vice President and Chief Economist   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 2,  1979  Mr. Paul Volcker, President Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. 10045 Dear Paul, Allow me to add my congratulations to the many others you will have received on your nomination to be Federal Reserve Chairman. Your distinguished service in many capacities will be crowned by your future accomplishments in the top job at the Fed. You have the determination, the knowledge and the diplomacy to do it. Most particularly, I hope that you will cut the inflation rate in half within the next five years! If there is any way to be of help to you, please let me know.  Sincerely,  Economic and Financial Consultants  BRIMMER & COMPANY, INC.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  SUITE 916  1201 CONNECTICUT AVENUE, N.W.  (202) 466-3474  WASHINGTON, D. C. 20036  July 27, 1979  Mr. Paul A. Volker President Federal Reserve Bank Of New York 33 Liberty Street New York, New York 10045 Dear Paul: Let me congratulate you on your nomination as Chairman of the Federal Reserve Board Your talents are much needed. It will be a pleasure to see you in Washington again, and I wish you all the best. Sincerely yours,  Edward K. Smith Senior Economic Consultant  EKS/by   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  BANKERS 280  PARK  TRUST AVENUE,  CHARLES S. SANFORD, JR., EXECUTIVE VICE PRESIDENT  COMPANY NEW  MAILING POST  TELEPHONE 212 692 - 4550  YORK  ADDRESS  OFFICE  BOX  318  CHURCH STREET STATION NEW YORK, NEW YORK 10015  July 26, 1979  Mr. Paul A. Volcker Chairman of the Board Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: I When Bill Simon was named Secretary of the Treasury found that I was the only person on Wall Street who did not claim to be his closest personal friend. While I am not able to make the same claim with respect to you at least I shall be able to say I know him, which should raise my social standing down here immensely. In all seriousness, congratulations. Kindest personal regards. Sincerely,  AnRESOURCES,INC. 5025 East Washington Street/ Phoenix, Arizona 85034 Telephone:(602) 267-751.1 TWX: 910-951-1372   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Mailing Address: PC Box 29008 Phoenix. Arizona 85038  July 31, 1979  Mr. Paul Volcker Chairman Designate Federal Reserve Board 33 Liberty Street New York, NY 10045 Dear Paul: I was delighted to hear of your appointment as Chairman of the Federal Reserve Board. My warmest congratulations. I can't think of anything which will do more to inspire a renewal of confidence in the U.S. economy, and certainly you couldn't have taken on this awesome responsibility at a more challenging or important time. The news reached me in Europe, and I am dictating this by telephone from there. I am sure you already know that your appointment was greeted with universal enthusiasm and relief here. It would only be right for you to get at least a small fraction of the value you have already added to the U.S. dollar. Again, my very best wishes and warm personal regards. Sincerely, /lit • r• M. F. Strong  MFS:jr  (Dictated but not read)  Princeton Club   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 1, 1979  of St.Louis  Mr. Paul A. Volcker c/o Federal Reserve Bank of New York Federal Reserve P.O. Station New York, New York 10045 Dear Mr. Volcker, On behalf of the 300 members of the Princeton Club of St. Louis, I would like to extend congratulations to you for your nomination to become the Chairman of the Federal Reserve Board. I am sure that, having heard of your appointment, President Woodrow Wilson is resting comfortably wherever he may be; if there were ever an opportunity for Princeton to be in the Nation's Service, this is it. Congratulations and Godspeed. Sincerely,  Donald H. Streett President DHS/mrw  BAKER 8c McKENzIE ATTORNEYS AT LAW  815 CONNECTICUT AVENUE, N. W. WASHINGTON, D. C. 20006 TELEPHONE (202) 298-8290 TELECOPIER (202) 338-1296  July 26, 1979  CABLE A_130GADO  AMSTERDAM  MINNEAPOLIS  BANGKOK  NEW YORK  BOGOTA  PARIS  BRUSSELS  RIO DE JANEIRO  CARACAS  ROME  CHICAGO  SAN FRANCISCO  FRANKFURT  SAO PAULO  GENEVA  SYDNEY  TELEX 89 -552 (WU)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  248441 (RCA)  HONG KONG  TAIPEI  LONDON  TOKYO  MADRID  TORONTO  MANILA  WASHINGTON, D. C.  MEXICO CITY  ZURICH  MILAN  Dear Paul: We were all very pleased with your nomination, and Annette joins me in sending congratulations.  However, she was a little  disappointed with your cut in salary! We look forward to seeing you with your family in Washington. With kindest regards,  Sincerely,  Walter A. Slowinski  Mr. Paul Volcker Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  r centre international d'etudes •monetaires et bancaires international center for monetary and banking studies}  Dr. Paul Volcker President Federal Reserve Bank of New York 33, Liberty Street New YzDrk, N.Y. 10045 Geneva, August 1, 1979  U.S.A.  Dear Dr. Volcker: Just a few lines to offer my heartfelt congratulations on your nomination to the Chairmanship of the Board of Governors. This is obviously not an easy time in which to take on that responsibility but monetary policy in the United States could not have been entrusted to better hands. Mania joins me in expressing our very best wishes - and the hope that your new duties will, some day, leave you enough time to visit us again in Geneva. With best personal regards. Yours sincerely,  )(64414-14A Alexander Swoboda  RECEIIVED /AUG  8 1979  AKWERED ATTENDED TO,  Avenue de la Paix 11A - Telegrammes: Cemoba Geneve - Telephone: (022)34 95 48 Adresse postale : Case postale 53 — CH-1211 Geneve 21 Associe a l'Institut universitaire de hautes etudes internationales  CD IVI Pik NI V  NJ I-1 EUSE  1290 AVENUE OF THE AMERICAS, NEW YORK, N.Y. 10019 / (212) 541 - 5200  OFFICE OF THE EXECUTIVE VICE PRESIDENT   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 27, 1979 Mr. Paul Volcker President The Federal Reserve Bank of N.Y. 33 Liberty Street New York, N.Y. 10045 Dear Paul: Absolutely delighted to hear of your appointment as Chairman of the Federal Reserve Board. It looks like the Class of '49 is finally getting some meaningful representation in our governWe sincerely hope that it will bring some stability and ment. order to the current confusing situation. If there is anything that I can do to help you in your new assignment, please don't hesitate to call upon me. In the meantime, I look forward to seeing you when you come back to the Club in New York. Sincerely,  J4_ Michael Singer  MS:bjs  RECEIVED AUG  2 1979  P. A. V. ANSWERED ATTENDED  A DIVISION OF PHILLIPS-VAN HEUSEN CORPORATION  4eUluo tt(NY  DATE OF DISPAICH .c .  08/06/79 0600 EDTO Nil  FRNY U129200A TXC3 CH  ",„  ;VIE Visgav  SERIAL NO.  41  J  r  5  ;As:.  Aix  6  BALI ,  6 38 Ail 79  9  CITY ENTER6 8/ REVIL-Y 1;  VOLCKER  CHECKE: CONGRATULATIONS FRCM PRINCETON CLUB OF SW144L:k.ND STOP WOULD LIKE TO ORGANIZE LUNCH IN GENEVA WITH YOU AS SPEAKER FOR AMERICAN SWISS BUSINESS AND FINANCIAL COMMUNITY STOP PLEASE ADVISE WHEN THIS MIGHT BE CONVENIENT PREFERABLY WITH MAXIMUM ADVANCE NOTICE STOP LETTER FOLLOWS GRAHAM SHANLEY 1950 PRESIDENT  33 AVENUE DE BUDE, GENEVA  T1-115 tir'S ....t ' 420198 FRNY Ul 28200A TXCB CHM   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Dear Mr. Shanley: Thanks for your telex of congratulations from the Princeton Club of Switzerland.  It's been fun  hearing from all the PCs around the world. let you know when we can do the lunch bit-sometime when I'm in Switzerland. Sincerely,  THE CONSUL GENERAL OF THE FEDERAL REPUBLIC OF GERMANY  Hartmut Schulze-Boysen   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  New York, August 1, 1979  Mr. Paul A. Volcker President of the Federal Reserve Bank 33 Liberty Street New York, N.Y. 10045  Dear Mr. President: It is a particular honor and pleasure to congratulate you on your appointment as Chairman of the Federal Reserve Board. Having been posted to New York fairly recently, I have not yet had the privilege of meeting you personally, but I know both from my predecessor and from my staff at the Consulate General that you have often been very generous in cooperating with our Mission and in sharing your views with many of our visitors from Germany. We also appreciate, especially, the leading role you have played and will, I hope, continue to play in the American Council on Germany. The many messages congratulating you on your new and most important position that you have doubtless received from my country will prove to you the high esteem in which you are held by your German friends. 4  Very truly yours,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  WALTER S. SALANT  .26 1 14 7?  P  ekAA/  9  CO/1/L#A14-  Pu%  -tAa  aI-ff.4,4 6U-.65/42:A e471z4AX-7 t_.; 4 -trr ir7, efA-t-44-t.9 et  e""- PW.A1 6.4.0 ee  er.4  TL1 L.1  ety  44•4  0AiSt 01 W1.1;4 44C.4. 1.&144A111 411  Lj  C4  oda,  e--‘,6  474--c4 d-tf-  tLI  tr-rrz„..z5 so 417141  •  'to I  L1.4 •)  ROTARY INTERNATIONAL _fe'rvice /Move..1;11- lie &kb Aosi(aoServes gest ERNEST H. SLAYBAUGH Governor, District 723, 1973-74  39 Alden Court Scarsdale, N.Y. 10583 Tel: 914-472-0148  Member—Consultative Group USCB-1977-78 Group Discussion Leader International Assembly-1978  July 27, 1979 Mr. Paul A. Volcker, President Federal Reserve Bank of N.Y. 33 Liberty St. New York, N.Y. Dear Mr. Volcker, Congratulations on your appointment as Chairman of the Federal Reserve Board! We have been especially proud of you as one of our most outstanding Rotary Foundation Fellows. As chairman of the Rotary Foundation Committee for the New York area for the past five years, I have often mentioned your name, along with that of Dean Rusk, Otto Borch (Danish Ambassador to the United Nations), Bill Moyers, persons connected with the Supreme Courts of Japan and India, as examples of outstanding young people the Foundation picked years ago who we felt would become future influential leaders The Foundation now awards over 1,000 full expense scholarships and fellowships averaging over $9,000. each in what is probably the largest privately-funded scholarship program in the world. Congratulations, again. I hope some day I may have the opportunity of meeting you personally.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Sincerely, 7  Ernest H. Slaybaugh  r.r  v E.  JUL 3 0 1979 iA.  AnigERED.  OWED  ......  J1DANBURY BANK T   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RAYMOND F. SABATELLA, JR. PRESIDENT  and TRUST COMPANY  342 Main Street, Connecticut 06810 • Tel. (203) 744-1211  August  ,_IL  Mr. Paul A. Volcker, President Federal Reserve Bank of New York Federal Reserve P.O. Station New York, NY 10045 Dear Paul: Congratulations on your nomination as Federal Reserve Board Chairman. I doubt anyone envies the difficult role you must assume, but I did want to add my best wishes for success to the many you have already received. Of course, with this move, you will have changed jobs more frequently than I (except that I haven't taken a pay cut). I assumed my current position a year ago -- and now, effective August 6, I will be back in the national banking system when I begin a new job as President of the National Trust Bank of Florida at St. Petersburg. It seems as though fate (or foolishness) has condemned me to a life of getting troubled banks on sound footing. If you are ever near St. Petersburg, please give me a call at (813)- 347-9711. Paul, I wish you all the best; and, if I might ever be helpful in your new adventure, let me know. Best pers nal regards,  .0KF. RFS/ltt  Sabatella, Jr.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  EMBASSY OF THE UNITED STATES OF AMERICA  Bonn, Germany  July 27, 1979  The Honorable Paul A. Volcker Chairman-designate of the Board of Governors of the Federal Reserve System Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045  Dear Paul: I was delighted to learn of your appointment as Chairman of the Federal Reserve--to put someone so well qualified into the job is almost too good to be true! I can only imagine what personal sacrifices are involved for you in the coming move--but, certainly, the country will be well served by your appointment, and all of your friends in Germany are highly pleased. I trust you will be coming to Germany on a visit before long. As you know, if you ever feel the need for guidance and advice, this is the place to get it--and, remember, these guys eat gold in their soup! With congratulations and warmest best wishes, Sincerely,  Walter J. Stoessel, Jr.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  BEATRICE  AND  MERRITT SHERMAN  July 31, 1979  Dear Paul, I am delighted with your designation to be Chpirman of the Board of Governors of the Federal Reserve System. I send you my sincere congratulations on being appointed to this key post, along with best wishes for a satisfying and successful leadership in a position that has such potential for the welfare of our country and all the world. Although your task of combating inflation seems epecially complex and difficult at this particular time, I personally in knowing that you feel comfortable -- and confident acce pt the responsibility. Not the least or my nl-asure in your selection derives from the belief that, apart from your competence in the monetary policy/financial area, you will give strength to continuing those features of our decentralized central banking system that are unique within, and blend so well into, our Federal structure of government. Good luck and many Happy Landings, Paul, and my wife joins in sending heartiest greetings! Faithfully,  Mr. Paul A. Volcker, President Federal Reserve Bank of New York.  -1-0--e 02Li4  P - . 5 • W ..ci (AAP f-‘.c.,--v-L, c, cLe--6 cdit 0--L-c ..AA.-‘-=  Q___a_et_.,:‘, a,'MD -A4 ç 4J 7--kl&L)- )-•.of 1 •fl-LA., -C) Sen,.11' (ji7.-6‘,7 ckfAsL_•:_e-&-`i 4-eLc --D cr , .„ e -4 ,,„,...., / ,_.../  46, c, ra-co__0  6LsL_e_Go cLf2i_cacs iLsL,_--.LA  ct„-0,,z-,,L-,1Lk, 114:9-1,. --1.tALOLP  c..4,  h.c.t..4  p  c--(..ta 2-4-41--t,Lsuwv. Oz-4s-r.-4 7  UJ  SH3/31AIIIN 3N0Hd 331:1A - 1101 S,NOIN11 N1:131S3M 1:10A 301S 3S1:13A311 33S "1/11V1:1911VVY AS A1d38 01 (BLAU)13,ZS   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ---faryA .N0 e/  ,""-•  DIN city OW DW 61i;c, i'vhLoP 3,Wd Od a. I SE Id.I.SI1GL‘ I EIGV36 NVWetIVHO Nkft-i331-iS Vd A936:33NIS K1IV.i S.-111Vd GI 31EV1 IV/1V SIHI, NJ 3){3-10A liiVci (INV iS3:--aZ)11S G111001 I 3AVW 314.1. 60A .1.33ciS3a .4C IV:EL 116). (IiiViciciV I SI il .I.V3a:J V 111Vci .LV3dU V SV 0IiISOd SIHI 33I.iId3VS nN VieiOdi4i I 311.1. AVW ill' A *(1-1d6t.1 31Li N I S3di1if)IA "IVI3i'Oi1. IViS2.0 1St:a A V kO SI 3H 3S61103 AO GV `33&VaA .10 31163S2d O Gi.%3ICLI -1Vi.1OSCI3d V SI 3H TIV336 I Ski •L6I uVSI ACJ i.3UIS3d Ski 1.N3WINIOdciV Sett:33)(1C1 111Vd Itid3u3A Xd0A QUA (13iyA I CidV0EiiVh.L .iO ti3EiI43W V Ski • G6VGEEi 31i63S3d -IVh3C3A Ski d3X310/1 IfiVc1 AG f4UII.33-13S dflOn GflV9ddV AlS110d()SIii I .1.13CIS3stici cik]  AcI03 31IA .1.S3 d.9 101 10-80 ;3:.VSS3iki Si,IV1i 3H.L  0 AciO3  i!".111E  3G 3S110h d3.1.6V3 ALWIr iti3GIS3eid di £31  I kid DNIGV3d :'40II•ViAldIAO3  V  1689 SI  WV  1IVLS  61 tici 1(ind S,IA CRia Cid 3-644033k: W  JO I 10-80 kid IGV36 1.WG.L IAIDW iI6E9L 6:)6h ciSJ 2:21.WWdI SOI 6L/ 10/B0  Ii I  iivinrsn c  Alp -I  06,isod  611IAll u0°-"'walsam Wej11M  ç79 A 4111.1.E3 3017iia3S i4.4 Vet  Vrim   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 30, 1979  Paul Volcker Federal Reserve Board Washington, D.C. Dear Sir: My good friend joins with me in this letter wishing you the very best of luck in your new position.  Respectfully yours, ,  4  el Sugarmahc/o Collingwood Hotel 45 West 35th Street New York, New York 10001  4  S. G. WARBURG & CO. LTD.  Telephone: 01- 600 4555  (Incorporating Seligman Brothers)  Telegrams: WARBURCO, LONDON.  30, GRESHAM STREET, LONDON,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  International Telex: 888476  EC2P 2E13  2nd August 1979  36, ?,( I cannot think of any appointment since the last U.S. President election which has attracted more international interest and acclaim or carried more hope and responsibility than yours to the chairmanship of the Federal Reserve Board. Inevitably you will not be as accessible as you have so kindly been to me in recent years, but I hope you will continue to keep in mind the open trout fishing invitation which I extended to you at Anthony Rawlinsonis last fall. I send you my heartiest congratulations and every possible good wish in your vast and vital task.  tik t•At/t4t,  Ax,h i  f,^44A—dtb(  f  David Scholey  Mr. Paul A. Volcker, Federal Reserve Bank of New York, 33 Liberty Street, New York, N. Y.  DGS:er  ZI Vet) 19?9 / ' .'' ............  ''  .............  Registered Office: 30.Gresham Street, London. EC2P 2EB. Registered in England No 292689.  MIN1STERE DES AFFA1RES ETRANGERES, DU COMMERCE EXTERIEUR ET DE LA COOPERATION AV DEVELOPPEMENT  WOO  BRUXELLES,  le July 27, 1979  RUE DES QUATRE-BRAS, 2 TEL. : 513.62.40  Le Y1lirtiititz cle3 Va.Ow ettangtt;ibei HS/JW  Dear Mr Volcker,  It was not a real surprise but a true pleasure to hear about your appointment to be Chairman of the Federal Reserve Board. Since I had the privilege in meeting with you during my last stay in New-York, early april this year, at the Lehrmann's Institute, I am deeply convinced that your qualify in every respect to face the challenges of your high office. I wish you success in your task and hope to meet again with you early october when I expect to be back in New-York.  Yours ever,  Mr. P. VOLCKER Chairman of the Federal Reserve Board WASHINGTON D.C.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CHAIRMAN  TED BARCLAYS BANK LIMI 54 LOMBARD STREET LONDON, EC3P 3AH  27th July, 1979  will have The news in this morning's paper friends all over given great pleasure to your many the world, not least in London. Many congratulations.  4.4.4.-/1  tri.v: C4Wie  S,  Mr. Paul Volcker, Bank of New York, President of the Federal Reserve New York, N.Y. 10045, United States of America.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  loacAim  Ate4entann  Ar, ?tete Z94& 66.4/chinkri_  frgoaiNxe  ci-ed42e A 1-,‘Z;es tee( /Decry- Pa46  2z/7)4P_d  X'th/tcz yOk-ede.-/ 4iL`eloee 4,t)/  'S7E  4 -2/--4"eizeeeps c7/ 4 _a)A-e-rtioL (/ eoz -z5i4e)in 5tioc2,3 imits/ .ozalee - /cafe, feetz?e aid a/cILO  4 11/4-e / 0  Pe/Li/a lite/ IPA4at  ,--671 4 ClialliAA  'AUG 4 19/9 ANSWERED  P• A. V.  ATTENDED TO  7r.r7ogail  , .... .....•  tax,a(  7ii•t441  _ Vatc-he gre-dt  7Z,4  000/  ,f4A,  L-  q47 Atl "Irv'  7e,-A-1,,?  rt-e  auL   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  „0-1-  W2AL7/k„-YA,  KircE ivsr& ;LiG  9 1979 A. V.  AN ATTENDED TO__  '-r te4  z   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  /  JO  0,0 i/Lo1/4-4 ,i(Loupp Rao uo-ad  I I cfr,) v.eAl 9kya.to—f,e,du  Aaine:CONGRATULATIONSII exIA Kot  mou hiNleeLci  ,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  4  12486 Made in U S A  25A750-2   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  DAVID R. TILLINGHAST ONE WALL STREET NEW YORK, N.Y. 10005  August 2, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045  Dear Paul: Since even a tax lawyer can figure out that the chances of a confirmation are relatively good, I just wanted to pass on my best wishes for your success in the new job. Anyone who can take $12 off the gold price in one day must be doing something right. Hope to see you soon. With best regards,  _Sincerely,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  AUDIO CORPORATION  Stephen F. Temmer, President Mr. Paul Volker President Federal Reserve Bank of New York 33 Liberty Street New York, NY 10038 26.July 1979  Dear Mr. Volker: As a fellow member of the Executive Council of "Deutsches Haus" at New York University, I wanted to take this opportunity to offer to you my congratulations on your appointment as Chairman of the Federal Reserve Bank. As a company deeply involved in world marketing, it is obvious that your avowed standpoint on strengthening the U.S. Dollar, even though this indirectly has an adverse effect on exports, is the only sound policy in a world as dependent on oil, and oil as dependent on the U.S. Dollar. I hope that you will find your assignment challenging and rewarding. Si'ely yours, AUDIO CORPORATION  SFT/me  Telex: 12-9269 Reply to: Headquarters: 741 Washington Street, New York, NY 10014 X"'(212) 741-7411 Sales Office: 1710 N. LaBrea Avenue, Hollywood, CA 90046 °A'(213) 874-4444  -# 7, I cl 7 y  (ELL ), ttLa -;.L44-(J) -‘,14t444.4 _ttt (O,c4÷(fre, AtAw-_4.4.% 664-,40...4 titoio 1.44,--Av  rt40.6 ,.A/41 7-4A)  .  IT:0-o  ci.-7  13-n.42t  z  tA)-(44--af •'43/.44/  L IU u4,4-  414 , ^-aterr c..1 AriC10•44 ./1t  eek  /ajLic. Of  (114L B 406(G4 " tt6A'  4°#' 10 " .4  40Mte  Gt .  AA-  1--;„  /*%!A5'V•LoCiAL4-cce's4.,  }A-C&I..  eatat  — zZc4-6  AL.z4, t 4).  •  1  . S447 ,Kei 61, 644)  1.tA aot7 4i. s  4.4141L,  Otstot.t„  ,c-ta  u 20 #4 14 Cl  tiot fAXL-1  ott )i6L4-L  u"--41-444-  64 -144•(  *A_  %.  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Cto   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  -4(44-?.5  •  AA404.e..(j '  A-st-  (1-7- /-7-72/ COMMISSION DES COMMUNAUTES EUROPEENNES  7/4k  -  7  ec  ,  "C4  411/-7  ,Y6  6t 4  /  .41  //cd_trY,  C  e  tit  z;  I  ') _ _  I  _..e.__,, ,  t- tt-cik 4,t GY.44  r ----All  (  ( t e--1,44 c.--&  y  c-tt 4..._a  44  , /,:-e-i -  C4.4  6-_7/ A '4; /  .  et /  /i  e 0. ,/r%e(,;  , et-L1  VI  -"eV  f t-t,c.(' rX--6"; •-t/  1GG ‘i:I * 4-4 f 11  .  .e.:7 1 :  ci..,  .1 -  -7/ XI) q (7  7 ./... 4 , •  •-e, 17  Cst--j4 12 /c--t-t--x.  er-74 C  _____  1 f . . ..e...y c (1'  et. , )  ct4 1' .  e.,24  ...-ei  C44  _4.4..,K 7 i -C., 0/. ,(',T _,4, i .4 4t/.. et.4"./e("i't-( _ 7-:.87- ic  l_r_t_y  —  .,,ere  G•  •;-2,r  ey-tx e.sty4.e  t-t  da. ; -744 e e--74  ityr t  . , 4t444 (  c' -t  --t-fq 7 C " e , 4 -tot-1  re  v vz  " It (  L''L/6  4 , 14 e  41L%.‘z  —tv  C vvvr-  e 1---?-1e -  1'44 r C Li; et-P1-44-(  e.4 . /c . ,; -44  ( ..e•  AUG 8 1979 Vt  Al 1 ENDED  .........•..—....... .....  TQu,........................  Adresse provisoire :200, rue de la Loi, 1040 Bruxelles — Telephone 35 00 40-35 80 40 — Adresse telegraphique:«COMEUR Bruxelles* — Telex: «COMEURBRU 21 877* 0,14e . 15 6c, /3 `e. 8 se-A7__:   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ,e,L-3/ 7--j,LfliLi-&'/-s/%14/Se?   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  THE FIRST NATIONAL BANK OF CHICAGO  RICHARD L.THOMAS PRESIDENT  July 31, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: Just a note many others appointment the Federal  to add my hearty congratulations to the you have already received on your recent as Chairman of the Board of Governors of Reserve System.  I'm sure the confirmation proceedings will move along very swiftly. You are obviously the ideal choice for this tremendously important position, and I know you have the best wishes of everyone in the country for great success in your endeavors. Yours sincerely,  RLT:ns  DR. FRANZ -JOSEF TROUVAIN  OROSSE GALLUSSTRASSE 10-14 I  27.7.1979  6000 FRANKFURT AM MAIN  CHEF-VOLKSWIRT DER DEUTSCHEN BANK AQ  Mr. Paul A. Volcker President of the Federal Reserve Bank of New York 33 Liberty Street New York,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  N.Y. 10045  Dear Mr. Volcker:  I would like to extend to you my most sincere congratulations on your appointment as Chairman of the Federal Reserve Board.  At the same time, I wish you good luck  and every success in the accomplishment of the important tasks before you.  It is comforting for us non-  Americans too - and particularly so for us - to know that such an experienced and independent personality as yourself is at the head of the U.S. Central Bank.  Sincerely yours,  RECEIVED AUG 8 1979 P. A. V. ANSWERED ATTENDED  KAM:WM.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Chairman KENNETH H. MILITZER American Telephone & Telegraph Co. P. O. Box 2016 New Brunswick, New Jersey 08903 **** ** * ** ** * **** ** * ** ** *  Vice Chairman ROBERT P. ULIN Mobil Corporation  Conference of Business Economists  150 E. 42nd Street New York, New York 10017 ************************  Secretary-Treasurer GEORGE W. JAMES Air Transport Association 1709 New York Avenue, NW Washington, DC 20006  July 27, 1979  ** ******* ** ** * * * * ** ** * * *  Immediate Past Chairman EDMUND A. MENNIS Security Pacific National Bank P. O. Box 60400, Terminal Annex  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045  Los Angeles, California 90060  Dear Paul: This is just one more note to add to many you have received, but it's personal and very sincere. I feel sure the Federal Reserve System and our country will benefit from your appointment as Chairman. My congratulations, and my admiration also for your willingness to assume these heavy responsibilities. Please let me know if there is anything I can do to be helpfUl to you or the Board. As you know, several of us in the Conference of Business Economists have regular contacts with Board members and staff, but we can always do more. Sincerely,  nap  Robert P. Ulin  Dr. Werner Ungerer AUSWARTIGES AMT  Bonn, 7th August, 1979  1 '/ /1- .  )-53oo   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  06-(t /14-t VICS6,Nc The news of your nomination as Chairman of the Board of the U.S. Federal Reserve System have also reached Bonn. I, thererfore, should like to send you a few lines to congratulate you on your new appointment and to wish you succes and fortune in your new office.  It is good to know that a personality of such ample experience in monetary matters as you has been nominated. We, in Bonn, are especially happy that the new Chairman is not only a monetary expert but also a good friend of the Federal Republic of Germany.  I often think back of my post in New York and the many tires I had the pleasure of meeting you. Here, in Bonn, I am directing the Foreign Ministry division dealing with the European Communities, OECD, GATT, IMF, world-wide economic and monetary questions, nuclear energy, space, science and technology and environmental problems. It is an interesting group of topics involving much work but also insuring that it will never be boring.  I hope to see you again when you come to Bonn - which certainly you will.  I.  t  • •'''''  '''''•''''  TR  ........  ....r... ...........  '   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  FRANZ H. ULRICH CHAIRMAN OF THE SUPERVISORY BOARD DEUTSCHE BANK AG  KONIGSALLEE 45 0-4000 DUSSELDORF  27th July, 1979  Dear Mr. Volcker, I am very pleased to learn of your nomination as Chairman of the Board of Governors of the Federal Reserve System in Washington and congratulate you most cordially on this great event. Please accept my best wishes of good luck and every success in your new sphere of responsibility.  Yours sincerely,  Cfi  Mr. Paul A. Volcker Chairman Board of Governors FEDERAL RESERVE SYSTEM Twentieth Street and Constitution Avenue, Northwest Washington D. C. 20551 USA  IONIAN AND POPULAR BANK OF GREECE THE GENERAL MANAGER  Athens, August 10, 1979  Mr. Paul Volcker, Chairman Federal Reserve Bank of New York NEW YORK  Dear Mr. Volcker,  I have been delighted by your choice as the new Chairman of the Federal Reserve Board.  Wishing you success in your new position, please accept many sincere congratulations for this choice from an alumnus of the FED in New York, who has ample experience of your warm hospitality.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Sincerely yours, Michael Vranopoulos  1 Manager  RECEIVED AUG 2 i 19/9 P. A. V. ANSWERED ...,............ ATTENDED TO, ,„............ ......  ila L Lincoln First Bank,N.A. William B. Webber Vice Chairman  July 31, 1979  Mr. Paul A. Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045 Dear Paul: While it is not The New York Times, I thought you might be interested in yesterday's copy of The Daily Record, which is the Rochester area business and legal daily newspaper. I think the article is reasonably accurate - or will prove to be so - with the exception that I may have your mother located in the wrong community. Paul, Jackie and I wish you the best of luck in your crucial new role. Since the article says it all, I won't repeat it in this letter. We are proud of you, and I am proud to De a part of your team. Best wishes. Sincerely,  William B. Webber WBW:JM Enclosure  One Lincoln First Square, Rochester, New York 14643, Telephone: 716-262-4121  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ROBERT F. WEINIG  July 26,1979 Mr. Paul A. Volcker, President Federal Reserve Bank of New York New York, N.Y. Dear Mr. Volcker: System Your appointment as head of the Federal Reserve is most heartening. We applaud your emphasis on a "Dis ciplined" monetary policy. y As I see it, a bettf'r way must be found to control mone and credit in proper direct relation to the fluctuating real Gross National Product. But to cure inflation will require an integrated TOTAL disAnti-Inflation Program, with fiscal and cost/price cipline as well as monetary° Cost/Prdice inflation innovative pragmatic I have some thoughts to share with you if  is out of control. There must be an approach which has not yet surfaced. along this line which I should like you are interested.  Best wishes for continuing success in your new responsibility. Sincerely, Robert F. Weinig  RECEIVED AUG  2 1979  P. A. V. ANSWERED  ATTENDED  .......  .........  ..........................   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ERNEST H. WEINWURM  July 26,1979  Mr. Paul Volcker, President FedelaiReserve Bank of New York New York New York 10045 Dear Mr. Volcker: I would like to add my very small voice to the innumeral ones which you certainly will receive at the occa sion of your appointment as chairman of the Federal Rese rve System. I think there will be almost unanimity that no better man could have been selected for this position which is certainly the most important one worldwide in the financial field ( as was the chai rmanship of the Bank of England once in the days of Mont ague Norman) . I can only express my hope and expectation that your tenure will be as successful as it can be, consider ing all the pitfalls which you will have to anticipate. If only your father, my good friend, could have live d to witness this elevation of his son. I don't know if your mother is still alive; if it is the case, will you transmit to her my best regards. sincere  emeritus pvofessor of accounting  RECEIVED JUL 3 0 1979 ANsvvE.Nai, ATTENDED TO  CHAIRMAN  KENNETH RUSH VICE CHAIRMEN  HENRY H. FOWLER THEODORE C. ACHILLES HARLAN CLEVELAND EMILIO G. COLLADO WM. McCH MARTIN DAVID PACKARD EUGENE V. ROSTOW ANDREW J. GOODPASTER  THE ATLANTIC COUNCIL OF THE UNITED STATES TELEPHONE (202) 347-9353 1616 H STREET, N.W. • WASHINGTON, D.C. 20006  CABLE:  ATCOUN  TREASURER  PERCIVAL F. BRUNDAGE SECRETARY  August 1, 1979  TOM KILLEFER DIRECTOR GENERAL  FRANCIS 0. WILCOX DEPUTY DIRECTOR GENERAL  JOSEPH W. HARNED ASSISTANT DIRECTOR GENERAL  MARTHA C. FINLEY DIRECTORS DAVID M. ABSH IRE DAVID C. ACHESON DONALD G. AGGER ANNE ARMSTRONG WILLIS C. ARMSTRONG EDWARD W. BARRETT ANDREW H. BERDING JUSTIN BLACKWELDER GENE E. BRADLEY WILLIAM A. M. BURDEN NODDING CARTER III WILLIAM J. CASEY SQL C. CHAI KIN G. A. COSTANZO FREDERICK L. DEMING ROBERT L. DENNISON RUSSELL E. DOUGHERTY WILLIAM D. EBERLE ROBERT ELLSWORTH BROOKS EMENY SHERWOOD L. FAWCETT WILLIAM H. G. FITZGERALD WILLIAM C. FOSTER GEORGE S. FRANKLIN, JR. LINCOLN GORDON JOHN E. GRAY LIVINGSTON HARTLEY CHRISTIAN A. HERTER, JR. JOHN D. NICKERSON MARTIN HILLENBRAND CLAIRE G IAN NINI HOFFMAN JEROME HOLLAND J. ALLAN HOVEY, JR. THOMAS L. HUGHES JOHN N. IRWIN II U. ALEXIS JOHNSON ISAAC C. KIDD. JR. HENRY A. KISSINGER PETER F. KROGH CAROL LAISE JOHN M. LEDDY LYMAN L. LEMNITZER WALTER J. LEVY WINSTON LORD JAY LOVESTONE DAVID W. MACEACHRON JAMES S. MCDONNELL GEORGE C. MCGHEE ROBERT M. MCKINNEY LAWRENCE C. MCQUADE HARALD B. MALMGREN EDWIN M. MARTIN GEORGE MEANY SAMUEL W. MEEK PAUL H. NITZE FREDERICK E. NOLTING, JR. ROBERT E. OSGOOD HENRY H. PORTER JACQUES J. REINSTEIN EMMETT J. RICE CHARLES W. ROBINSON ROBERT V. ROOSA H. CHAPMAN ROSE DONALD RUMSFELD NATHANIEL SAMUELS J. ROBERT SCHAETZEL ADOLPH W. SCHMIDT CORTLANDT V. R. SCHUYLER BRENT SCOWCROFT JOSEPH M. SEGEL JOSEPH J. SISCO HELMUT SONNENFELDT FRANK A. SOUTHARD, JR. STEPHEN STAMAS TIMOTHY W. STANLEY CARLETON M. STEWART RALPH I. STRAUS ROBERT STRAUSZ-HUPE ELLSWORTH TOMPKINS PHILIP H. TREZISE WILLIAM C. TURNER MARINA V. N. WHITMAN WATSON WISE JOSEPH J. WOLF  Hon. Paul Volcker President Federal Reserve Bank of New York 33 Liberty Street New York, N. Y. 10005 Dear Paul: I was delighted to hear about your appointment as Chairman of the Federal Reserve Board. Please accept my hearty congratulations. In the light of present world conditions, that is an exceptionally important appointment but I know you will do an outstanding job. In fact I am counting on you to get the dollar straightened out and inflation under control within the next year. I hope that is not asking too much! In any event I did want you to know how pleased I was at your appointment. My confidence in the dollar and in the economy has gone up substantially even though you haven't yet taken over. With warm good wishes for every success in your new post, I am Cordiall  yours,  ncis 0. Wilcox  RECEIVED ['MG 7 1979 P.A.V. ANSWERED ATTENDED  HONORARY DIRECTORS FRANK ALTSCHUL GEORGE BALL EUGENE R. BLACK C. DOUGLAS DILLON   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  JOHN FERGUSON III THOMAS K . FIN LETTER RALPH C. M. FLYNT ALFRED M. GRUENTH ER  ANDREW HEISKELL AMORY HOUGHTON HENRY M. JACKSON JACOB K. JAV ITS  RUTH C. LAWSON HENRY CABOT LODGE JOHN J. MCCLOY WALDEN MOORE  LAURIS NORSTAD ED M UD ORG I LL LITHGOW OSBORNE HERMAN PHLEG ER  WILLIAM P. ROGERS DEAN RUSK CHARLES M. SPOFFORD  11111.11.P  Ballston Spa National Bank   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  MAIN OFFICE BOX 70  BALLSTON SPA, NEW YORK 12020 TEL. 885.6781  Amber Fetleramurance CorporM109  August 3, 1979  Paul Volcker, President Federal Reserve Bank of New York Federal Reserve P.O. Station New York, New York 10045 Dear Paul: Congratulations upon your confirmation as Chairman of the Board of Governors of the Federal Reserve System. The appointment is a high personal tribute to you, and an outstanding public recognition of your abilities and achievements. I am confident that your judgment, insight, and understanding of domestic and international monetary affairs, which has earned the respect of officials throughout the world, will continue to be supported as you are confronted with the many critical decisions of your new office. It has been a distinct privilege for me to have had the benefit of your association during the past year; and on behalf of Dorothy and myself, we extend our best wishes for every success.  Sincerely,  James Whelden, President JW:kml  iRECEIVED AUG ANSWERED ATTENDED TO  7 1979  Goldman, Sachs & Co. 55 Broad Street l NewYork, NewYork 10004 Tel: 212-676-8277 John C. Whitehead  Senior Partner fioldman melts  August 1, 1979  Mr. Paul A. Volcker, President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10038 Dear Paul: The news is just terrific and I congratulate you! One could argue that right now the job of heading the Fed is the most important job in the world. Certainly if anyone anywhere has a chance to bring inflation under control, you are the one with the best combination of toughness and universal respect. Please know that you have 100% support from me and from all of us at Goldman Sachs. If we can ever help, you have only to ask. Jaan joins me in sending you our warmest regards and best w s es.  New  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  rely,  kmt  RECEIVED  ANSWi-J(Lu ATTENDED TO  York I Boston I Chicago I Dallas I Detroit I Houston I Los Angeles I Memphis I Miami I Philadelphia I St. Louis I San Francisco  Hartford, Connecticut 06152  N-N-JE  'DE'  Gr--3E 1LV--3E  MAL  17•447-  Frazar B. Wilde Chairman Emeritus   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 27, 1979  Mr. Paul A. Volcker, President Federal Reserve Bank of New York Federal Reserve P. 0. Station New York, NY 10045 Dear Paul: It's hard to find words to congratulate you enough and at the same time express my deep appreciation for your contribution to the country in accepting the responsibility of heading up the Federal Reserve. You have set an example which I wish others would follow in taking a post involving a financial sacrifice and accepting a job which in one sense is almost in the classification "One Can't Win." I am sure there are others in the country who appreciate as I do what a great thing it is for the nation and for the President that you are willing to accept this job. Kind personal regards and congratulations. Sincerely,  FBW:npm  Sr"   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  GIRARD BANK  Girard Plaza Philadelphia PA 19101 Tel (215) 585-2279  J J WIECKOWSKI Executive Vice President  July 26, 1979 Mr. Paul A. Volcker, President Federal Reserve Bank of New York 33 Liberty Street New York, N.Y. 10045 Dear Paul: Just a note to express my gratification and satisfaction with the superb choice the President has made in nominating you to be Chairman of the Fed. You have my best wishes for a fruitful and fulfilling career. With warm regards, Sincerely,  RECEIVED AUG  2 1979  P. A. V. ANSWERED ATTENDED TO.„,  Equibank N.A. Oliver Plaza Pittsburgh, Pa. 15222 James G. Wilson Senior Vice President & Manager Investment Department  immow—mmizquibank  Augu,,,t 2, 1979  Mr. Paul A. Volcker Chairman-designate Board of Governors Federal Reserve System Washington, D. C. Dear Paul: May I add my "Congratulations and Best Wishes" to those of your many friends and admirers who are elated to hear the news you will be giving financial leadership to our country and the Free World at this crucial juncture in our history. On the occasion of our first meeting in Washington in the early 60's I was deeply impressed with your ready willingness to exchange views on the Money Markets and I will long remember the many courtesies which you extended to me on those occasions. In another pensioners discipline retirement  year and a half I and the knowledge reassures me that and not resort to  will join the ranks of the you are in charge of monetary I should be able to enjoy my the tin cup routine.  Any time you visit Pittsburgh, you can be assured I will stand by with a ready supply of your favorite stogies. Sincerely,  RECEIVED James G. Wilson  l'ALIG  9 1979  JGW/ls P. A. V. ANSWERED ATTENDED TO,.  An Equimark Company  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1,141111  F  LI  LEA western union  Telegram  YSA229(1032)(4-01S879S226)PD 03/1 4/79 1031 ICS IPMMTZZ CSP 2123494321 TDMT NEW YORK NY 32 08-14 103IA EST PMS PAUL A BOLCKER FEDERAL RESERVE BOARD, DLR 33 LIBERTY ST NEW YORK NY 10005 HARRY KEEFE AND I CONGRATULATE YOU ON WELL DESERVED APPOINTMENT AS CHAIRMAN OF THE FEDERAL RESERVE BOARD. IF YOU NtED TO KNOW ANYTHING ABOUT THE 14,400 U.S. COMMERCIAL BANKS JUST CALL US RON WITTREICH NNNN  RLICEIVE D la3 1 4 1979 P. A. V. .............. ANSWERED ................ .............................. ATTENDED  SF-1201 (R5-69)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  (-)Yr `--v,t-rryvcry  u "Tsut -ot).3 i.44AAA TuuLt. 15r. Leitu4 Gly2-64-*•%-. .L4 cAnifIkc,t,Raft cLikt  G-A4*  t,CALL•Pci  SAATQA. LAI  SA;1L  U*QA4Q4('  (4Q111  TL  a?ia 4kuvtl QA/4/ (4A-06*-PtcuzAd'tt . k9A   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  2-1 tk(.411 I '7 71  cirtAAA, tit; -wzA3-4 *A u34-‘;Ag wvzi 49A. ,z4aLaSiet 12k tAAAA colRA aitA-6^.  40  abuult'  0,,, ws?„„   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  CBS 'NEWS A Division of CBS Inc. 2020 M Street, N. W. Washington, D.C. 20036 (202)457-4321  Dear Paul: Congra ulations! It will be good to have the Volcker family back in Washington again. I have called your office in New York to invite you to be our guest on FACE THE NATION in your first network news interview program after confirmation as head of the Federal Reserve Board. Say hello to Barbara, I look forward to seeing you all soon. Bes M r 0. Y tes Co-Prodd r FACE THE NATION Paul Volcker President, New York Federal Reserve Bank 33 Liberty St. New York, New York 10045 July 25, 1979  RECEIVED JUL 3 0 1979 ANSWERED ............. ATTENDED TO „..,...................   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  i 0 Huntington  Huntington Bancshares Incorporated Columbus Ohio 4321 5 17 South High Street  July 25, 1979  Mr. Paul Volcker President Federal Reserve Bank of New York 33 Liberty Street 10045 New York, New York  Dear Paul: Thank God you can afford to take a pay cut. you badly in your new job.  We need  Congratulations! Sincerely,  Bill Zentz BZ/vm  i
Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102