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https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Collection: Paul A. Volcker Papers Call Number: MC279  Box 8  Preferred Citation: Congratulatory Letters:"C-E", 1983; Paul A. Volcker Papers, Box 8; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://findingaids.princeton.edu/collections/MC279/c126 and https://fraser.sdouisfed.org/archival/5297 The digitizadon ofthis collection was made possible by the Federal Reserve Bank of St. Louis. From the collections of the Seeley G. Mudd Manuscript Library, Princeton, NJ These documents can only be used for educational and research purposes ("fair use") as per United States copyright law. By accessing this file, all users agree that their use falls within fair use as defined by the copyright law of the United States. 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Mudd 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   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  The Honorable Carlos Francisco Caceres Minister of Finance Santiago, Chile Dear Mr. Minister: Thank you so much for your expression of friendship and support on my reappointment. It is indeed true that we have major challenges and dilemmas -- and I can only keep working at them. I look forward to our continued association. Sincerely,  PAV:ccm  Cr: I•it:-.1 ..:.-1  1..r.:.  1::,::: 1::::1 1..1..1 Li...  Communications via TRT  •  4  -go)apvappom  r...c...  rol:*.:1::11  ::•-• :1;:'..`: q::1U::  r ":.1  Er:s 1:1::  ..:.-t r."1.1 ,:-.7.  c....:i gx-'i W:7:: L.1.1 r....-.1 1.1.1  1:1:1  ...r.  JUL  3  ex. C1-.:: : .:_:1 : 1....:  1..........1 1.3::: 0:4 Li..1  1...... U._  c::. 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ILO  .7". 1.1.1 l'....:4 1-- C.C: L.0 1.1-1 1:-..:1 r....:1 U-1 7,: 1-1-1  1.1.1 e....:1 U...  r.::::1 L.1.1  p--  1...r.. 1--1 :3:: -.3 1---i LI- 1:...:1 ix: r.....-1  Cf., Ll..8 rn ) .r .:.  1-.7.:1  ::•-•  tr.."11:1-i -II% ',CI 8:::!:; 0..1 1:  co  ..  0-.1 0,1  1--  . ci:i ix:  8-.17.1 . i.r., .  lim* CI:: 1_1...  i:a...  r.":-.1 r:"..1 1-3"..4 ••:'r'C -1  JUL Lam suopemunwww)3  rr-, 17: ::i -:-4 .7"..:.1  r....:i I--4 ......1 pci :::-.3  L.1.1 CI:::  jallk  g:I'l 11":4 ••:.-1  :iv-4 .7,!!!: CO 1.1.1 1.....5 r......I  i=1 Cr: 1 . . -1 e.1:1 0::: ta:: LI.. CI:: L.L.1 U..1 0... r0 r:I r..r.i 1-- --I F•••-i LC.C: L: 0 : cr.: :: :.-;i::: 1-•-1 Pr-i r....:; IT::  I44  Worldwide Communications via TRT Tiff Worldwide Comm1  ::..., 7:: ! . 3:  1..s...  1.1.1 r..r.1  1.1..1 1:::1 r.r: 8:1:I  c.0 1.1.1 ..iii.:'.  .....-.. :-.4  U...  suopemununuo)appappom   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  111.111116 . WIII111   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 25, 1983  Dear Glenn: I have let too much time lapse in answering my correspondence, but I did want to thank you for your note on my reappointment -- and I fully understand and appreciate your disclaimer as to any cause and effect between instruction and results. That's a legitimate concern of any professor. I do look forward to seeing you in Washington before too long. Sincerely,  n aeilianio Mr. Glenn4,4... Director Hoover Institution Stanford, California  PAV:slw  94305  S. HovEiTlit\ISTITUTION o CM\I WAR, REVOLUTION AND PEACE  Stanford, California 943os  OFFICE OF THE DIRECTOR   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 22, 1983  PERSONAL  The Honorable Paul A. Volcker Chairman The Board of Governors Federal Reserve System Constitution Avenue, N.W. Washington, D.C. 20551 Dear Paul: Let me congratulate you on your nomination by President Reagan for a second term as Chairman of The Board of Governors of the Federal Reserve System. This is a high honor and one which, based on your record, you richly deserve; and I am pleased to say something I have been telling my friends at the White House for some time. Since you were once a student in a class I taught, there is an extra element of pride from my point of view in your reappointment. However, I am tsure you understand that although I hope my excellentanstruction has played a small role in your brilliant career, your distinguished accomplishments are yours, and I am just trying to get a little reflected glory from them: I hope that I will have the opportunity to congratulate you in person in the near future. With best wishes, UID(IJ!LeIISiti rs,  Glenn Campbell   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 12, 1983  Mr. John Kavanaugh Carlock  Dear John: I hesitated in answering because it sounds so tempting to simply pick up and arrive at your doorstep, fishing rod in hand. Someday! You're right that it is Barbara who needs the sympathy -- I'm just a little insane. But we both appreciate the note, and our best to Haley as well. Best regards,  PAV:dmg-b  • LOCK  /9E3  04 Air-te  (3),(,;( _Z e-ovvt„?c)  awyp d-),2 ) e4. (5447  le-AA  74/Cf) 12/4t-r  "p/ )4r 7c /f 424fjP1 ) -  ver_ 7 0,7L, Afre,  Zrez•J fha V4 ,  )41/44.71-"A_r7/7-  ceic5evio4 a/  kre  r2.)J  64.<56)  gttul &%°191&Ar&  /lee'  ittaii )4r  _7(/e45z,%- 7—.  7L-41.1 aeLLti-  k  egcelp,"-- p6  e$Cr if)  4/4 1 4  Adet lzat tics  pr-Lc ra-}.1 &or At  74$   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  t  Acrietezt,  JeA-4‘i  cfgA7/7447,„  •  BOARD OF rr GOVERNORS TUE FEDERAL RESERVE SYSIM 1333 JUL 22  AM  a 37  RECEIVED OFFICE CF CII.41R1411!'  "   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 3, 1983  Dr. Jack W. Carlson Executive Vice President National Association of Realtors 777 Fourteenth Street, N.W. Washington, D. C. 20005 Dear Jack: I count on you, and your thousands of members, to lower the deficit! appreciate the note. Sincerely,  PAV:ccm  I  ol:SSAGE  AREC12 •*  :ED RES BD WSH 1 -005945A209 07/28/83 JU INFOM ASTER li CS IPMWGWC WSH li [ 03611 07-28 0958A EDT .TUX 7108229235 FED RES BD WSH 1-004841M209 07/28/83 ICS IPMWGWJ WSH CO 00100 WASHINGTON DC 26 07-28 0951A EDT PMS PAUL VOLCKER CHAIRMAN FEDERAL RESERVE BOARD WASHINGTON DC 20551 ALTHOUGH THE SENATE IS UNABLE TO IMPLEMENT YOUR GOOD ADVICE TO LOWER FEDERAL DEFICITS. IT ACTED WISELY IN CONFIRMING YOU TO FOUR MORE YEARS. CONGRATULATIONS. 0 JACK CARLSON 1"'4" 0854 EST  3  8  2  I M  1,'Ai  0905 EST FED RES BD WSH SSAGE DONE I.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  tT*  rtykitt,  Q   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 12, 1983  Mr. Joseph T. Carney Senior Government Relations Officer Midlantic National Bank/Citizens 1 Engle Street Englewood, New Jersey 07631 Uear Joe: Thanks so much for taking the time to write about my reappointment.  I appreciate your encouragement  and good wishes. Sincerely,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Mid!antic N %nal Bank/Citizens 1 Engle Str Englewood, N.J. 07631 (201) 567-6000  •  MIDLANTIC  BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1383 JUI 24 Pi 9: 0 I RECEIVED OFFICE OF 'FECIAlRi  June 21, 1983  Mr. Paul A. Volcker Chairman Federal Reserve Board 20th and Constitution Avenue, N.W. Washington, D. C. 20551 Dear Paul: Congratulations on your reappointment. I know you will continue to do an outstanding job for our Country. Teaneck and Bergen County are very proud of you. Warm personal  egards.  Sincerely,  Joseph T. Ca ney Senior Gov nment Relations Officer  JTC:rm  %A   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  BOARD OF GOVERNORS OF THE  FEDERAL RESERVE SYSTEM WASHINGTON, O. C. 20551  August 25, 1983  PAUL A. VOLCKER CHAIRMAN  Dear Hobart: I appreciate the note even if I am late. I suspect all those words are appropriate. Sometimes I wonder why I am here, but we will keep at it a while longer. Best regards,  Dr. Hobart Zigzag . s Adelphi University Schools of Business Garden City, L.I., New York  11530  S.BOARD OF  S. PNelphi University Schools of Business  GOVERNORS OF THE FEDERAL RESERVE SYSTEM  GARDEN CITY, LI N.Y. 11530 / (516) 294-8700  1983 JUL 20 k4 8: 39  SCHOOL OF BUSINESS ADMINISTRATION SCHOOL OF BANKING AND MONEY MANAGEMENT  RECEIVED OFFICE OF T;.:.7L. CHAIRMAN   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 15, 1983  Dr. Paul Volcker, Chairman Board of Governors Federal Reserve System Washington, D. C. 20551 Dear Paul: This note may be a little late. I did wait until the confirmation hearings had begun to see whether the President took Jack Kemp's advice (not that I thought he would). So what's the appropriate word? Congratulations? Felicitations? Commiserations? Bonne Chance? Whatever it is, best wishes!  HC:hp  aor' DA   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 26, 1983  Dear Mr. Casper: Thank you so ouch for takina the time to write about my reappointment.  The Confidence  and good wishes of members of the international community and others is most encouraging. Sincerely,  Mr. Walther Casper Senior Adviser Lazard Freres & Co. Mainzer Landstrasse 46 D-6000 Frankfurt AM Main 1 Cermany  MAINZER LANDSTRASSE 46 D-6000 FRANKFURT AM MAIN 1  VVALTHER CASPER SNIOR ADVISER LAZARD FRERES & CO., NEW YORK LAZARD FRERES & CIE., PARIS  TEL.(0611) 7201 61 TELEX 418 995 6 pce d  June 29, 1983  Mr. Paul A. Volcker Chairman Federal Reserve System Board of Governors  ,to  Ii  1 11  Twentieth Street N. Constitution Avenue N.W. Washington D.C. 20551  Dear Mr. Volcker, It is withII!faction that I and many of overhere isiness community heard of confirmatice as Chairman of the FED Rcagan. Wehat ur,der your leadership you o effectively in the last will be coich is so vital, not only United Staomical situation for all oIII'  II   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Let me thank you on this occasion fpr your interest you have taken at Deutsches Haus with NYU, New Yor': and its developments. We shall permit ourselves to keep you informd about progress and developments there and a letter in this respect tvill follow in due course. My wife joins me in my good wishes ind we are sending you and Mrs. Volcker warm regards.  Sincerely,  1,0 Walther Casper  ek/ori4-  • Vialther Casper marver LandstraBe 46 6000 r ankfurt/Main 1  20 331:113 03A133.31 EZ :1 1Alci .9- lfir E861 3A113834 1;111303J 3141 SCITa3A03 AO OTI10  A  41i1tTSAGE  AREC8 ***  ' WED RES BD WSH 0L0NESTAR GRC A  *  JUNE 20. 1983  HONORABLE PAUL A. VOLCKER E.rHE CHAIRMAN. BOARD OF GOVERNORS I:EEIERAL RESERVE SYSTEM E ITASHINGTON. D. C. 20551  401F YOU HAVE LEARNED FROM YOUR PAST EXPERIENCES WE HAVE A CHANCE.  M  aGOOD LUCK.  41  CONGRATULATIONS.  0  im"THAT CEMENT MAN"  LONESTAR GRC A 1 111F ED RES BD WSH MESSAGE DONE *4*   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. James A. Chapman, Jr. Inman Mills Inman, South Carolina 99349 Dear Jim: Thanks for taking the time to write me about my reappointment. The confidence and encouragement of the "Fed family" are the most rewarding of all. Sincerely,  alLI11,ILO  INMAN, SOUTH CAROLINA 29349 • TELEPHONE: 803 / 472-2121 ESTABLISHED 1902  JAMES A. CHAPMAN, JR. CHPRMAN 0% T HE BOARD AND CHIEF EXECUTIVE OFFICER   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 20, 1983  Mr. Paul A. Volcker Chairman Board of Governors Federal Reserve Board Washington, D. C. 20551 Dear Paul: Thank goodness the wait is over and you have seen fit to accept the President's appointment for another term as Chairman of the Federal Reserve Board. Thank you very much for making the sacrifice that it takes to hold this office. We all have so much confidence in you and you will certainly make the next two and a half years that I have at the Richmond Fed easier. With best wishes, I am Sincerely,  JAC,Jr:ak  • • 411  MAILGRAM SERVI mIDDLETOWN. VA. 20AM  NTER 45  Western Union  ASTES P°ST4P  au gram°11F u_s„L-  U.0358768171 06/20/83 ICS /PMMTZZ CSP WSHB 2027856294 MGM TDMT WASHINGTON DC IS 06.20 OISOP  UT  • • •  PAUL VOLKER FEDERAL RFSERVE BOARD WASHNGTON DC 20551  PAULI THE FLOWERS ARE SWEET. CONGRATULATIONS'. CHUCK 13t53 EST MGMCOMP  • • CD  •  •  •  •  411_  • r...••••  •  • •  •  •  • •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  • • TO REPLY BY MAILGRAM MESSAGE, SEE REVERSE SIDE FOR WESTERN UNION'S TOLL - FREE PHONE NUMBERS  r  • •  TO REPLY BY MAILGRAM MESSAGE, PHONE WESTERN UNION ANYTIME, DAY OR NIGHT: FOR YOUR LOCAL NUMBER, SEE THE WHITE PAGES OF YOUR LOCAL TELEPHONE DIRECTORY  • OR  •  DIAL (TOLL-FREE) 800-257-2241 Yrs.  •  (EXCEPT IN NEW JERSEY 800-632-2271)  OR DIAL WESTERN UNION'S COMPUTER DIRECTLY:  FROM TELEX I   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  6161  FROM TELEX II (TMUJ)  910-420-1212  •  •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  AEI  July 16, 1983  Mr. Harold W. Clark President The Cherokee Securities Company 3200 West End Avenue Nashville, Tennessee 37203 Dear Mr. Clark: Thanks so much for taking the time to write about my reappointment. I appreciate Your encouragement and good wishes. Sincerely,  PAV:dmg-b  Ilr The Chelltee Securities Company 3200  •  West End Avenue  Nashville,Tennessee 37203 HAROLD W. CLARK  June 30, 1983  PRESIDENT  (615) 297- 2211  Mr. Paul A. Volcker, Chairman Federal Reserve Board 20th & Constitution Ave., N.W. Washington, D. C. 20551 Dear Mr. Volcker: We were delighted over the news of your reappointment as Chairman of the Federal Reserve Board and commend you for your .fl[.f. In my judgement, you have performed a great service to our country in steadfastly impeding and subsequently reducing - the horrible inflationary spiral confronting America in 1980. I can appreciate to some degree the great pressure you have undergone to veer from this course. Our best wishes for continued success in your most important role. Sincerely yours,  C_ 111 '331iA0 .ttIIt Enclosure 011.1113n1   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Z 1 :01 KV 9- W 1i3193 Ran'MOB 3H1 HON113A09 JO OVOg  •  The Cherokee Securities Company 3200 WEST END AVENUE• NASHVILLE, TENNESSEE 37203 Mailing Address P 0 Box 24787 37202   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  (615) 297-2211  June 8, 1983  Honorable Ronald Reagan White House Washington, DC 20500  Li  Dear Mr. President: The purpose of my letter is to strongly urge the re-appointment of Mr. Paul A. Volcker as Chairman of the Federal Reserve Board. I also respectfully ask that you do this with II1l'.. Mr. Volcker has, in my opinion, conducted his office in a highly professional and somewhat heroic manner during his tenure as Chairman. As you well know, to have corrected the deplorable inflationary spiral this country faced following the Carter years, is nothing short of spectacular. I applaud both you and Mr. Volcker in this regard. Thinking people never entertained the idea that the task of impeding inflation would be a bed of roses. Yet, through the rough years, Mr. Volcker has steadfastly maintained the course and great progress was accomplished. In my judgement, the re-appointment of Mr. Volcker will at this juncture lend credibility to your economic program and also stabalize the unrestful capital markets which presently prevail. Respectfully thanking you for your leadership and with best wishes, I am Yours very truly, A  Harold W. Clark President  HWC/nw cc:  cia,4  Senator Howard H. Baker Senator James Sasser Governor Lamar Alexander  a division of J.J.B. Hilliard, W.L. Lyons, Inc. member New York Stock Exchange. Inc   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Ms. Sue M. Cobb Brickell Concours 1401 Brickell Avenue Miami, Florida 33131 Dear Ms. Cobb: Thank you for taking the time to write me about my reappointment. The confidence and encouragement of the "red family" are especially gratifying. Sincerely,  NMS:dmg-b cc:  Miss Wolfe (2)  LAW OFFICES  GREENBERG, TRAURIG, ASKEW, HOFFMAN, LIPOFF, QUENTEL & WOLFF, P A. PAUL H. ABRAMSON LINDA KOOBRICK ADLER MICHAEL O. ALBERTINE CESAR L. ALVAREZ RUDOLPH F. ARAGON REUBIN O'D. ASKEW JAMES L. BACCHUS H I LAR I E BASS NORMAN J. BENFORD THOMAS R. BLAKE MARK D. BLOOM BURT BRUTON ROBERT K. BURLINGTON ALBERT G. CARUANA ALAN R. CHASE SUE M. COBB KENDALL B. COFFEY MARK B. DAVIS ALAN T. DIMOND CHARLES W. EDGAR, M GARY M. EPSTEIN THOMAS K. EQUELS RICHARD G. GARRETT LAWRENCE GODOFSKY ALAN S. GOLD HARVEY A. GOLDMAN STEVEN E. GOLDMAN   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  STEVEN M. GOLDSMITH BRIAN K. GOODKIND MATTHEW B. GORSON MELVIN N. GREENBERG MARILYN D. GREENBLATT ROBERT L. GROSSMAN GARY M. HELD LARRY J. HOFFMAN BARRY D. HUNTER ARNOLD M. JAFFEE SETH P. JOSEPH MARTIN KALB TIMOTHY E. KISH STEVEN J. KRAVITZ STEVEN A. LANDY STEVEN B. LAPIDUS ALAN S. LEDERMAN WALLACE L. LEWIS, JR. NORMAN H. LIPOFF GARY D. LIPSON CARLOS E. LOUMIET JUAN P. LOUMIET GREGORY A. MARTIN PEDRO A. MARTIN ALAN M. MITCHEL LOUIS NOSTRO ANTHONY J. O'DONNELL, JR.  ROGER D. OSBURN BYRON G. PETERSEN VICTOR H. POLK, JR. ALBERT D. QUENTEL RONALD B. RAVIKOFF FLORENCE T. ROBBINS DAVID L. ROSS ROBERT M. RUBENSTEIN CLIFFORD A. SCHULMAN MARK SCHWIM ME R AP R MARTIN B SHIO ROBERT L. SHAPIRO EUGENE SHY, JR. MARLENE K. SILVERMAN TIMOTHY A. SMITH LAURA P. STEPHENSON DARLEN E STOS I K HERBERT M. SUSKIN LILLIANA TORREH-BAYOUTH ROBERT H. TRAURIG STANLEY H. WAKSHLAG JONATHAN H. WARNER DAVID M. WELLS JULIE A.S. WILLIAMSON JERROLD A. WISH ZACHARY H. WOLFF  ILU  AMBLER H. MOSS, JR. OF COUNSEL BRICKELL CONCOURS 14-01 BRICKELL AVENUE MIAMI, FLORIDA 33131  TELEPHONES MIAMI (305) 579-0500 BROWARD (305) 523-8111 TELEX 80-3124 TELECOPY (305) 579-0718 WRITER'S DIRECT NO.:  CD  C=P 7Z$  rri enr, ..••••• c•-.:p  June 28,_ii 1983  7:2 CZ) 7.2:4  Mr. Paul Volcker, Chairman Federal Reserve Bank Board of Governors Washington, D.C. 20551  CD C.00  Dear Mr. Chairman: It was with great joy that we in South Florida heard the news of your re-appointment by President Reagan to another term as Chairman of the Federal Reserve System. As a member of the Board of Directors of the Miami Branch of the Federal Reserve Bank of Atlanta, I have followed very closely the course of the economy and the actions of the Board of Governors over the last couple of years. You have been an enormous credit to our System and to the United States both within the country and in the international monetary arena. Everyone recognizes the difficulty of the tasks ahead, but we know that you will address them with great competence and gence. We who are directly involved with the System stand ready to offer whatever assistance we can. All best wishes.  Very truly yours, 51,-A • &AA Sue M. Cobb  smc/11   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Mr. Sheldon S. Cohen  Dear Sheldon: Thanks so much for taking the time to write about my reappointment.  Sometimes I think I'm  nuts, but I do appreciate the note. Regards,  NS:cic  •  • SHELDON S. COHEN  June 21, 1983  Hon. Paul A. Volcker 2020 F Street, N.W. Washington, D.C. 20006 Dear Paul: At last the President has recognized and appreciated what all of your friends and the financial community has known for years. You are the best person for the Fed in these tough times. Faye joins me in congratulating you on the well-deserved reward for hard work, brilliance, and just plain sticking to the job. Best to Barbara and you on this happy occasion.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Sinc rely,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 18, 1983  Mr. Charles E. Connaway  Dear Mr. Connaway: Thanks so much for taking the time to write about my reappointment. I appreciate your encouragement and good wishes. Sincerely,  PAV:dmg-b   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  e  -z \or\itk-  id,pktkv7h cL-‘-k)4 9( • 0,1\)a„, -k4 tf\Q0-ke4 c_ox q\itL  L'r .  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  k5-1A,t) kiv\ rvJ  u  ,14_j  s-,(ro • 0AN,  L l f  0 Qt1 PI)  cfc,  G-V-0 \ 61/  0-1)0  •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  S  f  et 4  L : 4 c cc `'‘•  14  et) Y (R way M R A nna S o U C OL E. 1 LC 111 les x 1 1 1 r 85-1 a 0 2 o Ch 3 B 0. P. St.  • If   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  4 •-  BOARD OF GOVERNORS OF THE FEDERAL RESERVE MIEN 1983 JUL 1 1 AM 11: 09 RECEIVE° OFFICE OF THE CHAIRI‘M;.!   https://fraser.stlouisfed.org 111 Federal Reserve Bank of St. Louis  July 5, 1983  Mr. Lawrence Connell Washington Mutual Savings Bank 1101 Second Avenue Weattle, Washington 98101 Dear Larry: Thanks for your good wishes--but I've a lot of people to bl, ame so I'll add you. Sincerely,  •  • WASHINGTON MUTUAL SAVINGS BANK LAWRENCE CONNE LL  President Seattle Lawrence Connell 1101 Second Avenue Seattle, Washington 98101   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 21, 1983  Paul A. Volcker, Chairman Board of Governors of the Federal Reserve System Washington, D. C. 20551 Dear Paul: I guess the story worked: I'll send my condolences to Ralph Nader. Our country is indeed fortunate to have your continued service. Best wishes. Warmest regards. Sincer  e_7 Lawrence Connell LC:ee  ViggIV113 3:il 3314J0 ugAl3a3d  E III NV  mit £861  3Au3s3d 111 JO SON‘k13A09d OATS   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 17, 1983  The Honorable C. T. Conover Comptroller of the Currency 490 L'Enfant Plaza East Washington, D. C. 20219 Dear Todd: Many thanks for your note on my appointment.  We'll keep at it  together! Sincerely,  PAV:ccm  MI. Ma'  BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Comptroller of the Currency Administrator of National Banks Washington, D. C. 20219  193 JUN 22 P4 12: 48 RECEIVED OFFICE OF THE CHAIRMAN  June 20, 1983  Honorable Paul A. Volcker Chairman Board of Governors of the Federal Reserve System 20th & C. Streets, N. W. Washington, D. C. 20551 Dear Paul: Congratulations on your reappointment by the President. I wish you well in the continuing struggle to defeat inflation and achieve sustainable economic growth. And I look forward to continuing to work with you in the years ahead. Best regards. Sincerely yours,  C. T. Conover   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1963  Mr. Richard W. Couper President Woodrow Wilson National Fellowship Foundation box 642 Princeton, New Jersey 08540 Dear Dick: Thanks so much for taking the time to write about my reappointment.  I appreciate your encouragement and good  wishes. Sincerely,  PAV:evjj   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  oL. ,e,C,  ki,uti-C (   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  WOODROW WILSON NATIONAL FELLOWSHIP FOUNDATION  RICHARD W.COUPER  H.•PSIRONAROUSE  President  Executive Vice President  June 24, 1983  Chairman Paul A. Volcker Federal Reserve Board of Governors 20th & C Streets, N.W. Washington, D.C. 20551 Dear Paul: Having recollected a very interesting visit to the Federal Reserve in New York when you invited representatives of major non-profit New York institutions, further having remembered your son's time at Hamilton, your Honorary Degree from Hamilton, a lunch we had at the Century - with these fleeting ties I have followed your time in Washington with more than passing interest. Simply as an admiring citizen I salute you for what you have done and remark on the delight which the prospect of your reappointment gives all admirers. Most sincerely,  RWC:mm  111. :10 D11-10 031\133N  tinr  Ei361 90 :11 IT4 Z 3AT:iS3Ici TO13031 BOX 642 • PRINCETON,NEW JERSEY 08540 •(609913 631 6 ‘14 Pla.4:1111  .1111V.H   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 17, 1983  Mr. Thomas Craven President Thomas Craven Film Corporation 114 East 25 Street New York, New York 10010 Dear Mr. Craven: 2iappreciate your letter and the sentiments you express. But you won't be surprised for me to say it's not a matter for me to be personally involved in or of "make or break" financial consequences. With best wishes, Sincerely,  PAV:cern   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  THOMAS CRAVEN FILM CORPORATION 114 EAST 25 STREET NEW YORK, N.Y. 10010 212-777-7433  June 27, 1983 Mr. Paul Volcker Chairman The Federal Reserve Bank Washington, D. C. Dear Mr. Volcker: The NY Times editorial of June 25, 1 83 [Proper Pay for the Chairman of the Fed) hit the nail on the head. They couldn't afford to pay you what you are worth. Not enough Americans know what you have done for them in spite of some of the press to inform them. Those who understand agree wholeheartedly with the sentiments of the editorial. Those who do not are the beneficiaries of your selflessness and your resolute leadership. And even those who do not always agree with you have been writing about the absurdly low compensation given the chairman of the Fed. I hope and trust the Senate will go along with the suggestion that the Chairman's pay be increased to that at least of a Cabinet officer. Not much of an increase but a small indication that there is appreciation for a job well done. With all good wishes  pez  Yo T omas ra en President  NVNEIVI-I3 111 A J31140 0/M3338  EE :6  S- inr C861  •IMO 3111011 IVU303.4 3111 A Sat413AH A MOO   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 18, 1983  The Rt. Hon. The Earl of Cromer Beaufield House St. Saviour, Jersey, Channel Islands Dear Rowley: Many thanks for the warm note  and  all the more from an elder statesman of central banking.  We'll keep at it a while  longer. Best regards,  PAV:ccm  from: The Rt. Hon. The Earl ofCrlPer, KG., G.C.M.G., M.B.E., P.C.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  11111 House, Beaufzeld St. Saviour, Jersey, Channel Islands. TELEPHONE:(0534)61671  24th June 1983  The Hon. Paul Volcker, Chairman of the Board, Federal Reserve System, Washington DC. PERSONAL 4tStA  1  kIt would be impertinent for a non-American to comment on a US internal appointment. This in no way inhibits me, as something of an elder statesman from without, from writing to say with what enormous satisfaction the world financial community has read of your re-appointment. May I personally send you my warmest congratulations and express my pleasure. I realise that this decision on your part to accept entailed considerable sacrifices and I greatly admire your patriotism from which I am confident we will all greatly benefit.  13fAt  rAA sr%•1  ft•nix  1 ru.)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  1  August 24, 1933  Mr. Charles T. Doyle President First State Bank P. O. Box 104 Hitchcock, Texas 77563 Dear Mr. Doyle: I appreciate your warm letter about the Jefferson award and the reappointment -even if the comments are far too generous. In any event, we'll keep at it for awhile. Sincerely,  PAV:dmg-b  •  GVERliORS BONWI tf TISIEIA RESERVE MOM.  FIIRErr  State  LI kl: -3 MIG 33ftnic IS83 Ctkfal:tN'1,'. in VFICE. wc-  /41* August 3, 1983 P. O. BOX 104 HITCHCOCK, TEXAS 77563  The Honorable Paul Volcker - Chairman Federal Reserve Board of Governors Washington, D.C. 20551 Dear Mr. Volcker: I noted in the Personal Mention Column of the Houston Chronicle recently where you had been honored by the American Institute for Public Service with the recognition of the Thomas Jefferson Award for dedication, sacrifice and public achievement. This article brought to mind the necessity for me as well as other Americans to stop our day-to-day activities and recognize the significant contributions you have made to our nation. Needless to say, the Thomas Jefferson Award, as I first learned of it in this article, must be one of the more self-satisfying awards that an individual could ever receive. I want to express my personal appreciation as well as that of the Officers, Directors, and Shareholders of the four banks that I have worked with here in Galveston County for the outstanding performance and service that you have rendered as Chairman of the ISIedicated service have truly been remarkFederal Reserve Board. Your leadership able. I was privileged to have been a part of the Legislative and Resolution Committees of the Independent Bankers Association of America last year when we adopted the resolution supporting your renomination as Chairman of the Federal Reserve; and although I was extremely delighted with the decision of our President to reappoint you to this position, I must admit that I let my lackadaisical attitude prevail and failed to stop and correspond with you and the President in acknowledging our grateful appreciation to you both. Truly these have been difficult economic times for our country and for the entire world; and it is always during times like these that individuals come forward and provide the leadership that is necessary to bring order out of chaos and to restore stability and confidence in our American system in government. Thanks to your leadership, we have succeeded once again. Best wishes for your continued success.  AIL  /geet, Zief  arles T. President CTD:ph  qiukt  PIPbtAPt -  iCtu  coat  woA FULL SERVICE BANK  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Each thopo•aor loaurod to SIN OM  - HELPING TEXANS BUILD TEXAS  FDIC "Pe. WOW !Mtn..03.04•To.  Removal Notice 7KHLWHPLGHQWLILHGEHORZKDVEHHQUHPRYHGLQDFFRUGDQFHZLWK)5$6(5 VSROLF\RQKDQGOLQJ VHQVLWLYHLQIRUPDWLRQLQGLJLWL]DWLRQSURMHFWVGXHWR copyright protections.  ŝƚĂƚŝŽŶ/ŶĨŽƌŵĂƚŝŽŶ Document type: newspaper article  Pages Removed: 1, 5  Author(s): Ray Jenkins (Baltimore Sun)  Title:  Jefferson Awards Winners Have Basic Thread of Humility  Date:  [1983]  Journal:  Houston Chronicle  Volume: URL:  Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  https://fraser.stlouisfed.org  June 30, 1983  Mr. George H. Dixon  Dear George: Thanks so much for taking the time to write about my reappointment.  I appreciate your encouragement and good  wishes. Sincerely,  PAV:evjj   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  GEORGE H. DIXON  June 23, 1983 Mr. Paul A. Volcker Chairman Board of Governors of the Federal Reserve System Washington, D.C. 20551 Dear Paul: To the flood of correspondence you are receiving following the altogether welcome news of your reappointment to the Fed's Chairmanship, let me add my own sense of relief as well as that of First Bank System that our monetary affairs will indeed be guided by a steady and sturdy hand in the days ahead. You are indeed an exceptional patriot. With good wishes. Sincerely yours,  lialfiel1V143 111 jO 331140 (13A1333 OS :01 NV lz  Nir E86I  3Ail3S3'd 1V113031 3111 JO Sd1i1Ng3A00 JO 1:1008   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 12, 1983  Mr. J. Cullen  N. Ireland Dear Mr. Cullen: Thank you for writing to me on the occasion of my reappointment. Your poetry selections indeed accomplished their intended purpose. Sincerely,  NMS:dmg-b  Mr. I. Cullen N. Ireland  24 June 1933• ith-tcAL-r, Ihave just been listening to Alistair Cook giving his talk on radio "Voice of America!" His subject was "The Second most powerful man in America!" He did not mention your name until he was about half-way through, and then gave a very lucid explanation of the Federal Reserve System and the way it works. This, to me who am ex-staff Bank of Ireland, not very high up! was most interesting and illuminating. I just happened to 'turn on' and am very pleased that I did so. So, I thought I would share with you these poems which I have selected as apposite today. I hope that they will help to "lift up your heart", for there is much to depress us, and disgust us, in all we see, hear and read daily of "man's inhumanity to man" plus the all rest that makes news today, fortunately not the is bad. That was a wonderful achievement, ld have return of the space ship today. Who 'wou moon? thought that men would walk bn the ons v;ith my best wishes and congratulati L pointment to a further term. on your a')   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Since  John Cullen  PTO  B.3. 'At the time of my retiremeny in 1971 • I was "Clerk in charge of Chancery" which had to do with the banking side of the Supreme Court.  (I hope none of these offends you.)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Removal Notice The item(s) identified below have been removed in accordance with FRASER's policy on handling sensitive information in digitization projects due to copyright protections.  Citation Information Document Type: Clippings (poetry) Citations:  Number of Pages Removed: 17  Cullen, John. "Man." Undated. Cullen, John. "Organizations." Undated. Cullen, John. "Footprints." Undated. Cullen, John. "Explain It." Undated. Cullen, John. "Why, Why, Why?" Undated. Cullen, John. "Moon Journey." Undated. Cullen, John. "Groans!" Undated. Cullen, John. "Be Of Good Cheer!" Undated. Cullen, John. "The Snake!" Undated. Cullen, John. "Peace." Undated.  Federal Reserve Bank of St. Louis  https://fraser.stlouisfed.org   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM  1983 JUL -I AM 8: 5 1 RECEIVED OFFICE OF WE CHAIRI-W!   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 25, 1983  Mr. P.A. Cunningham  Dear Mr. Cunningham: Thanks so much for taking the time to write about my reappointment. I appreciate N7our encouragement and good wishes. Sincerely,  PAV:mrk  •  VSkSS bttgl  'WE gg.ME.SISIUA Vibt.101. 11 MA 25 1153 Nt Wig.N  July 21, 1983  Mr. Paul A. Volcker Chmn. Federal Reserve Board 20th St., and Constitution Ave., Washington, D.C. 20551 Dear Mr.  Volcker:  Please accept my congratulations for your reappointment and for the policies which you have directed.( I thus qualify for inclusion within a "special interest" class ). The reduction of inflation has a direct meaning to those of us/limited income. And, to Hell with subsidies to "Seniors". Thru your insistence, it may be possible to gain the support of the President and Congress to reduce the defecits. This happening would truly enlarge your efforts. These adolescent Samurai have a continuing spending capacity; regardless of costs to the Nation. Our weekly demands of two and one quarter billions, to defray interest on debt, is obscene. You have accomplished all that is possible within the pervue of control. Although this accolade can not have the impact of like expressions as extended by those of affulence, I can assure you that no comment has been given with greater sincerety.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Sincerely, •  F.A.Ounningham (Old Potatoe Nose )   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. John H. Dalton, President Gill Companies 615 Soledad Street P.O. Box 599 San Antonio, Texas 78292 Dear John: Thanks so much for taking the time to write about my reappointment.  I appreciate your encouragement and good  wishes. Sincerely,  PAV:nlf  COMPANIES  JOHN H. DALTON PRESIDENT REAL ESTATE DIVISION   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  The Honorable Paul Volcker Chairman Board of Governors Federal Reserve System 20th & Constitution Avenues, N.W. Washington, D.C. 20551 Dear Paul: It was a pleasure to visit with you again last Tuesday. Congratulations once again on your re-appointment as Chairman of the Board of Governors. I am sure that you will continue to serve with distinction, and show continued progress in the reduction of inflation and building a stronger economy. With best wishes, Sincerely,  JHD:jgw  41‘8.i 1A3  -j1r11.13  V4A3  (111‘1331111  10  VIA Ot unc En 3/03SA 3111 T4QA SM11.31\0e  615 SOLEDAD STREET, POST OFFICE BOX 599, SAN ANTONIO, TEXAS 78292 512-222-2434   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 3, 1983  Mrs. Marie T. Danon  Dear Mrs. Danon: I appreciate your nice note.  Your  words are too kind, but we will try our best. Keep the faith! Sincerely,  PAV:ccm  (101 ,J7 ife3/ tg-r  PIP.4-  P1CV  j  A /iv LcXe-r) 77  /ht 1-14  Tdn  cAt heard  .s  ia.ti,vi crt1LflL yta-rs rueFele at. 414 e e Y a_rd am 197  f  ehai r  e a.rd i.tj LL t-4.LL  7111'  your mo Pt) /.112-tio libeeatiSe- you ,are,  a,s  h id 141  he e, a's yov archo: holie_st; elefre/2„  Awl af,4(9  b  (96 wida  I 61  4,/  11c_Lps  read  rt) 1k) loco__ 04#cat ItPu ehan, r6Lfro Lath v-vi  AcSi.“4c_  ezdatual itappateda Li d Cod RLess fcJi  a;  All  tOraoo.,  s,  b4 ddk1.1)30- a-  am  17  8  aw)  k3  0/4  be, soproud Words  rill a-re-.  ;  iAi •e_ reeei wreve: •  a-r-b ara_  "r° L  expea  a beaviViii.. hea.rh  lerstIcvao  eod  11;ster (;-c; Lc\ cc/  E  0, /6-kx  0-4H  62i4-  10,9th— ;1V:fee E{ 1. y  ru,  btAi,Aa  rea.G3e_  TA cz"fc y)(.)  , vv"),/1i sr-  owlnue.h bus's.€31PVTOSSI .  t-  ru  -‘rS ) "0-  rigwa. 0  a.  h "4- /0r/tt o a.. ra. /• 1411 I h ) 01,7k, /" 1rc Priet. F114 riegsc..;  F . https://fraser.stlouisfed.org b Federal Reserve Bank of St. Louis  Fa mo'isi ,-- eit .4 0Oti{v2 t , / 1tvz, WA, L41 ans 14:Y In co )4-1-61 e4e4- I- e;  yi_Lser4, 144?0  42`T ,  —  BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM  IS83 AUG  I PA 9: 30  RECEIVED OFFICE OF THE CHAIM .4   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  '  ixsikvc  MADE IN U.S.A.  3568308   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 12, 1983  Hr. Jack F. Darnell Chairman of the Board The Owensboro National Bank Owensboro, Kentucky 42301 Dear Jack: Thanks so much for taking the time to write about wy reappointment. I appreciate your encouragement and good wishes. Sincerely,  •  •  THE OWENSBORO NATIONAL BANK tOWENSBORO, KENTUCKY 42301 JACK E. DARNELL CHAIRMAN OF THE BOARD  June 21, 1983  Mr. Paul A. Volcker Chairman Board of Governors Federal Reserve System Washington, D. C. 20551 Dear Paul: We were pleased indeed to learn that you will continue as Chairman of the Fed and I want to add my congratulations and wish you continued success in a very important position.  Cordially yours,  f6el J ck . Darnell haiiman JED/bl   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  •  • Telegram  LILII western union  4-03427081.69 06/18/83 ICS IPMMT22: CSP 2022346111 TDMT WASHINGTON DC 11 06-18 0555P EST PMS HONORABLE PAUL VOLKERT, CHAIRMAN, DLR 20TH AND CONST AVE NW FEDERAL RESERVE BOARD wASHINGTON DC 2001i CONTRATULATIONS AND BEST WISHES ON YOUR REAPPOINTMENT. NO NEED TO ACKNOWLEDGE. TRUE DAVIS 1758 EST  an —n -7.1  -....4 C.-, =!:! c. rri  c_cl CO ca.)  .._,,,.  co CD  .  C7  rrl -41 CD .< rri "'"-rn Mt  =  ,r1 rn cn rn  •14.1. fox..0. • •  coo Mb  Can CO  6  W.U. 1201-SF (R5-69)   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  7r:  4..14 Cl  =  %=  "   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 24, 1983  Mr. Shelby Cullom Davis Chairman Shelby Cullom Davis & Co. 70 Pine Street New York, New York 10270 Dear Shelby: Many thanks for the note of confidence. All we can do is keep at it! Sincerely,  PAV:dmg-b  • (Vo 04AQLAMm47,e 4( e'arhy,r   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  ged/x,14-/-46YS g,e1Arwiw 212-42e5"--092/2  VA  /  // /  Val405240amd  Yozoe/927 *fox  August 16, 1983  Just a line to say I'm very happy you agreed to stay on. These are immensely critical times in which our whole democratic "experiment" of 200 years is at stake. Inflation is democracy's worst enemy. No one can curb and defeat it better than you! We all owe you a deep sense of gratitude. Keep Up the Good Work: Warm regards, Sincer  Shelby C Chairman  Davis  cz:›  fr, ril  c—a —ndw rri ---t Fri:a" C",rri  7 3  "VI *VI KV, C-5 r"rt  rrt  (=)  1.1) :7•77A  re;  U   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. Richard A. Debs, President Morgan Stanley International Incorporated 1251 Avenue of the Americas New York, New York 10020 Dear Dick: Easy for you to say! thanks for your good wishes. Sincerely,  Anyhow,  •  MORGAN STANLEY •  •  MORGAN STANLEYINTERNATIONAL INCORPORATED 1251 AVENUE OF THE AMERICAS NEW YORK,NEW YORK 10020  June 21, 1 983  The Honorable Paul A. Volcker Chairman of the Board of Governors Federal Reserve System Twentieth Street and Constitution Avenue, N.W. Washington, D.C. 20551 Dear Paul: Congratulations-- to the President, for his wisdom. And best wishes to you. From here on in, it should be easy; just keep it up.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Also, good luck.  Sincerely,  Richard A. Debs President  •  0.?k1\kS DEBUNKERS  0.1:+4  ta*  •••  VfO\Nt  Production of Deflationary alld Debunking Thought   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I561  tki 9; M  Pl.  CANOM,Y,  July 31, 1983  ,  Hail to the banker who does not fear a thankless and underpaid job. As a prerequisite to sound money and ditto currencies may you be able to inspire the hardboiled unspiritual and egotistical financial brotherhood with moral strength. A few billion people, overloaded with trillions of public and private debts (many from dictatorial and corrupt lenders), will obviously never reach the Promised Lands of honesty, stability and harmony. The general situation is bad indeed when a star financier without being ridiculized or blackballed in Wallstreet, complacently declares: "debts have ceased to be a liability, they have become a religion". And during worldwar I, in booming Wallstreet, a successful veteran banker said proudly: "we are clever enough to make lots of money on other people's debts", meaning war debts (sic). Let us not kict ourselves any longer and believe or make believe that the world can be financed out of the frightful postwar mess created by our billions of spiritual and moral shortcomings. Good luck and keep smiling and... smoking.  9  -S.  d af-c.  ei  g  911-c. Jr /c4,6_ lee__  Ct 4  644..A.,  tiGin  gs,  !I  Mr. Paul Volcker Federal Reserve System 20th & Constitution Av. N.W. Washington D.C. 20551 U.S.A.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  4  DEBUNKERS & Co.  Ctc-  Production  •  0r Denetionory  end (Muni,log 'Montt  TO THE EXPERTS & ANALYSTS  How come that the economic & market GURUS have not discovered that multibillions of banknotes together with ditto public & private debts are basically liabilities? Even liabilities of an.inflationary, corrupting & Sisyphean nature which, to say the least, hamper spiritual & moral growth. You can't have yr cake & eat it, can you? You can't build astronomic debt structures and enjoy stability, leisure, security, harmony & peace, can you?  The printing of banknotes &/or debts constitutes the obligation of providing buying power and/or repayment of the original intrinsic values. If and when too many public & private liabilities are issued, the traditional process goes wrong and all the inflationary & demoralizing devils are to pay. -  The age-old worshipping of golden, silver, diamond, oil and other calves, institutionized in to-day's and to-morrow's hardboiled, intolerant, egocentric materialism, euphemistically qualified & glorified as micro & macro economics or econometrics, eo ipso produces antagonism with upheavals & wars as the ultima ratio. In case of doubt analyze the blood, sweat & tears of the past and the present!  ••   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  DEBUNKERS & Co.  •  Production of Deflationary and Detunling TIWUgIt  ••••=1,  2  Therefore let us not kid ourselves any more and believe that the printing of astronomic & corruptive liabilities can, so to say, save our souls (S.O.S.) or our "savings"! Something o ponder about during '81. Always remember Lenin's "Let them inflate and we shall operate them under their own narcotics." Caveat!  Jan.'81   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 4, 1983  The Honorable Robert G. Dederick Under Secretary for Economic Afiairs Department of Commerce Washington, D. C. 20230 Dear Bob: Many thanks for the note. Sometimes I think a willingness to stay is prima facie evidence of mental incompetence, but I hone there is something to be said for seeing it through. Best regards,  PAV:ccm  4011.  itox.  slikES  c7TIMIkas (:;isIvA  DEPARTMENT OF COMMERCE UNITED The Under Secretary for Economic Affairs Washington, D.C. 20230  glk ‘V. 29 al 0. TON V)  July 28 1  6g3q  Honorable Paul A. Volcker Chairman, The Federal Reserve Board Marriner S. Eccles Building Constitution Avenue, N.W. Washington, D.C. 20551 Dear Paul, Being a cautious sort, I wanted to wait until everything was official. Now that it is, please accept my congratulations on your re-appointment as Chairman of the Federal Reserve Board. Along with everyone else I know, I am delighted that you have agreed to serve further.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Sincerely,  Robert G. Dederick Under Secretary for Economic Affairs  t,,   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  The Honorable Renaud de la Geniere Governor Bank of France F 75049 Paris Cedex 01 Boite Postale No. 140-01 France Dear Renaud: Thanks so much for your message on my reappointment. I, too, look forward to our continued association -and I hope I see you in Basle next week. Sincerely,  PAV:ccm  rinuumnpc: rip  DEAR PAUL 1 TT IS WITH GREAT YOUR pcgooriTmTmckFT ,^^m, bwin.i.  ASHRE THAT AS CHAIRMAN  F131.7ic  •  I1  ri  II I  ALL MY BEST e-E7r• k 11  90-11 I 1 7INi 137668 FFTIR   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  UT  INTERNATIONAL MONETARY FUND WASHINGTON MANAGING DIRECTOR   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  . t3  /17,1i. rtsi 4.4..../c.  rt...  <—1  gr. )"  •-•  0. vs-  41" fbe-  4rf yd."1-4  tgItL()  ft vv. -4 "•—•"--  /.7  41% Ai.S. J1  Zr  L  ILA..  IL^^   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  NORS R E V O G BOARD OOFF THE YSTEM S E V R E S RE FEDERAL ID 07 M A 0 2 1583 JUN RECEIVECDHAIRMAN THE CFFICE CF   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  • •  •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 24, 1983  Mr. Jay J..22 . 12x., Chairman Comerica Bank-Ann Arbor 125 South Fifth Avenue Ann Arbor, Michigan 48104 Dear Jay: Many thanks for the note. keep at it. Sincerely,  PAV:dmg-b  We'll  Comerica Bank-AlliEbor 125 South Fifth limp Ann Arbor, Michigan 48104  BOARD OF GOVERNORS' OF TEE FEDERAL RESERVE EMU  LI  Isa3 AlYS 1 5 AM 9: 2 1  c  omencik Bank-Ann Arbor   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  RECEIVED OFFICE EF ThE CHAIRMA?4 August 5,1983  Dear Paul: Ybur re-appointment and confirmation by the Presiden t and the Senate as Chairman of the Federal Reserve Board has to be one Sf the bright and positive aspects of not only this year but future years.  Your dedicationl your capability and your great concern for our  Country and its peoples as to their economic and social welfare, places you as Amdricas economic statesman. Again, Paul, the Country and the Free World should be proud and happy to have you serving as Chairman of the Federal Resere Board. Sincerel   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  The Honorable Jacques Delors Minister of Finance Paris, France Dear Jacques: I appreciate your note on my reappointment -- all the more because we have, and must continue, to work together in a difficult period. If the photographer took more than 10 minutes, we will hang him at dawn! Best regards,  PAV:ccm   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  •  S.  Permit me, first of all to congratulate you on your reappointment ... Personally, I am glad to be able to continue working with you.  More generally,  I am convinced that your countribution to the work ahead of us will be valuable. You wrote to me several days ago to recommend to me M. Finnigan, photographer for the magazine U.S. Banker.  I will welcome him, gladly.  With my highest regards,  Jacques Delors  Translation by Kathy Brown June 29, 1983  AskikA  ityvdo PPI  alkp  e ded t_Z-zier7)-keed c a dee .  ( eeeiyeet ,  40.  ‘ 20 Juin 1983 .g ,,  ,Yee:ott„. 4.4e  Mon Cher Paul,  Permettez-moi, tout d'abord, de vous feliciter pour votre seconde nomination a la tete du Systeme Federal de Reserve. A titre personnel, je me rejouis de pouvoir continuer a travailler avec vous. Plus generalement, je suis persuade que votre contribution aux travaux difficiles qui attendent nos pays sera precieuse. Vous m'aviez ecrit, y a quelques jours, pour me recommander M. FINNIGAN, photographe du magazi.itne US Banker. Je le recevrai, bien entendu, tres volontiers. Veuillez croire, Mon Cher Paul, a l'assurance de mes sentiments les meilleurs.  cques DELORS  Monsieur Paul A. VOLCKER Chairman Board of Governors of the Federal Reserve System Washington,D.C. 20551   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  A 331:1A0 03A1333U  LI :II ITV 1 Nie CHI 1:131SAS 3A1138311 Ii11303.1 31-11 AO MION113A03 :10 RIVal   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 18, 1983  Mr. Richard L. Deming Bank Examination Department Federal Reserve Bank of Minneapolis 250 Marquette Avenue Minneapolis, Minnesota 55480 Dear Dick: Thanks for the note and the clippings. All the best,  PAV:ccm  * Ai  Oda  Feral Reserve Bank of Minnelrolis 250 Marquette Avenue Minneapolis, Minnesota 55480 Area Code 612 340-2345  July 8, 1983  Mr. Paul A. Volcker, Chairman Board of Governors of the Federal Reserve System Washington, D. C. 20551  *NINO MOM*  Dear Mr. Chairman: Enclose intereXng newspaper clippings about you while I was in Honolulu for the Lions International Conventin on June 17th through 26th. Congrats to you for reappoint by Prseident Reagan'  il  Just keep up good work, always!  Very truly yours,  Richard L. Deming Bank Examination Department P.S. You met me at Fred's house in Minneapolis.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  c5Jvp   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 2, 1983  The Honorable Bengt Dennis Governor Bank of Sweden S-103 25 Stockholm Sweden Dear Bengt: Thank you so much for your warm and quick message on my reappointment. I look forward to our continued association, including Basle this month. Sincerely,  PAV:ccm  IEC *UM  11  a  #  0  la: 2 a  =  8  9 9 C E.  4  I e  E  w au ...  5 VI IC  Ns 0 %  Ic"r;E:R J1 1 .. FEF o-  5'  19150Y PaSBK S 1933-06-20 14.25  A me  MR, PAUL R. Hi 1:KER  TPMfiN VI 17HR  C o  I  -IP' OF THE FEDERRI RFSFRVE ,2itt-,n - c...lit..1:0 Ennri CIF '''  fwr.Trm :liCtirlt  WASHINGTONDr. =  St  g: a  ir  • ...  A C  5 DERR  E E 8  MQ 111:3  VOLCKFR,  LiyL .LL iiCLIU_IC1 ALL WE iA0 DECISION. = vs_  nriTrWrit  w :s!  BEST REGARDS  T.  BFNGT DFNNiq ci CP)E R N0R  O  suuriF RIKsTIANK  :.. FEDR UT g 19150? RIK!:;BK S lif  s AND RELIEVED BY YOUR PPFMDENT'  0  3 3 c a,  I STOCKHOLM ++  0. S VI IC 5* MI  4  OM  A ai VI C 0 1 ..a.  g Pt t ri.  . E E  V TR TRT  8 01 2  4   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  N. als  A  0  3 3 C n.  I 03  BOARD OF GOVERNORS OF ME FEDERAL MOVE MIEN  1114  5 1S33 JUN 24 Al 9: 1  A41PAIR MILLS,INC.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  I  RECENEO UFFICE 15 VIE CHAIRMAt!  June 21, 1983  The Honorable Paul A. Volcker, Chairman of the Board Federal Reserve System Constitution Avenue & 20th Street, N.W. Washington, D.C. 20551 Dear Paul: I was delighted with the President's "A News Flash" last Saturday noon advising of your reappointment and extend my very best wishes for your second term along with appreciation for your willingness to render continuing service to the nation. It was gratifying that the President in announcing your reappointment indicated his continuing dedication to the fight against inflation. While splendid progress has been made in this battle, inflation has been diagnosed as economic cancer and we all need to recognize that a five year period of freedom from a reoccurrence is necessary in order to consider a patient cured. Fortunately the five year waiting period will fall fully within your four year term as Chairman which gives great confidence of a cure to all of us. With kindest personal regards and best wishes for continuing success, I remain, Sincerely yours, FBD:mpg P.S.  Please do not bother to acknowledge this letter.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 25, 1983  Mr. Cecil De Strycker  Belgium Dear Cecil: I have taken too long to deal with my correspondence these days, but I wanted you to know I particularly appreciated your note on my reappointment. I suppose central banking gets in the blood, and I often think of you as the epitome of central bankers! We will see you in Basle one day, and I hope you will give my regards to Mrs. De Strycker. Sincerely,  PAV:dmg-b  • CECIL  DE  (--uneve,„  STRYCKER  29eA  •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  -", t.-----5 rei rr1 ) . -.••.I C  c..1:3 c=,  .....m re, r= rri  •=)  f......  = :3"›.  =7  co  1 C: .- e.  ret -n  I  G.-.) Cr) — rn r"...., r71 -F,,.<rn .<  cn  c-s  -;11.' ..,• -.  it.  f  Cfl  MI  ril pa  tY1  =  ""--4 rri  C/D  ......0.  POL-c'a  ( 3 leet .pe-a-lwr-e /4  (t7olyt c<__4oe  4--t6  d44-  Ct-t  o_e4ovylik c,ro  1-0,11 F-e-001,R4c3_, eA eitAff.  e,,,,o(c  devt fro  e erel  ef  elory  'C  Pecad  c>4? c.c4e;c7  a e C  0---6(171A  41-1  ecui-e 6-0(ve60e  1,,ttxpe  -14.tec, 1.0_9 ,/1 7 62-cl <2i40 c.n 6z-4 Q4.4 W ,7\ 0\A 7ezvk  ‘;4e  .ro  aA.ve  c_ot /()  0.(a   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Mr. Charles de Trenck  Dear Mr. de Trenck: Thanks so much for taking the time to write me about my reappointment. Your encouragement and support are deeply appreciated. Sincerely,  CCM:dmg-b cc:  Miss Wolfe (2)  • CHARLES de TRENCK  June 23rd 1983  The Hon. Paul A.Volcker Chairman of the Board of Governors Federal Reserve System Washington D.C. 20051  Dear Mr. Volcker: When I wrote to you on August 8th 1979,to congratulate you at that time, I had the secret hope that your appointment would, in reality, extend over a longer time span than the first four years. Those of us who have been active in the international banking field are of course delighted that you are staying on. My friends at Lloyd's of London, my main field of activity now, have a stake in stability as have the multitude of working people. I wish you the very best in the difficult task ahead.  61 cerely,  arles de Trenck ••••  CT/m   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  NVIAIIVH3 :10 331110 O3A1333H :II liV 8Z Nor  E861  Vi31SAS 3Mi3ST8 1V-113034 3141 JO S'dONAU Q 0‘8VOG   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Ms. Susan Pierson De Witt U.S. Trustee for the Northern District of Illinois 175 West Jackson Boulevard Chicago, Illinois 60611 Dear Ms. De Witt: Thanks so much for taking the time to write me hbout my reappointment. I appreciate it all the more from someone who labors with us, trying to find the light and follow it. Sincerely,  PAV:ccm  BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1983 JUlkl 27 tit4 9: 34 RECEIVED OFFICE OF TIE CHAIRMAr June 24, 1983  Paul Volcker, Chairman Board of Directors Federal Reserve System Washington, D.C. 20551 Dear Chairman Volcker: Congratulations on your reappointment as Chairman of the Board of Governers of the Federal Reserve System. I was indeed delighted to hear that President Reagan had chosen you to continue with the policies you had implemented.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Looking forward to seeing you in July. BEST PERSONAL REGARDS,  SUSAN PIER ON DE WITT CHAIRMAN, CONSUMER ADVISORY COUNCIL  w.s• Mu &aX4.,466,6 R),,2„/€94C --444k,z4fice 7214- ,4/33f 4//  *OUNCIL ON l'OREIGN REIPATIONS,mc THE HAROLD PRATT HOUSE I 58 EAST 68TH STREET, NEW YORK, N.Y. 10021 I TEL. (212) 734-0400 I CABLE: COUNFOREL, NEW YORK  WILLIAM DIEBOLD,JR. Senior Fellow  June 28, 1983  Mr. Paul A. Volcker The Board of Governors The Federal Reserve System Washington, D.C. 20551 Dear Paul: Thanks for your very generous letter and the nice things you have said about me. I am glad that you have a positive view of the state of the world and intend to improve it (the world, I mean, not the view). I shall be happy to be proved wrong in my worries but with responsibilities so much lighter than yours I feel I must express them. Your letter arrived while I was just about to write you about your reappointment. It is not so much a matter of congratulating you as of congratulating the country for being able to keep you and your willingness to stay on at the grueling job. I am happy that events have worked this way.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  U11111\413 Id A DWG 0,3A133N JiTIJU1I V131SAS 31\031 1V11113i 3111 NOMI3A05   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 3, 1983  Mr. Mall Crowley, Chairman Allied Irish Banks Limited Ban kcentre P.O. Box 452 Ballsbridge, Dublin 4 Dear Mr. Crowley: Thanks so much for taking the time to write about my reappointment. I appreciate your encouragement and good wishes. Sincerely,  PAV:nlf  •  air  410 ØL llied Irish Banks Limited Bankcentre P.O. BOX 452, BALLSBRIDGE, DUBLIN 4  NIALL CROWLEY CHAIRMAN  TELEPHONE (01) 600311 TELEX 25406 AIBB El  24th June 1983.  A  9/" 1 1-14 ;  Mr. Paul Volcker, Chairman, Federal Reserve Board, Twentieth Street and Constitution Avenue, Northwest, Washington, D.C. 20551, U.S.A. Dear Mr. Volcker, I was so pleased in so many ways to read of your nomination for re-appointment as Chairman of the Federal Reserve for another term, that I decided to apply typewriter to paper to convey my good wishes to you for a second term equally as successful as the first - one could not hope for more. I write as a humble admirer (who has been looking up to you both literally and metaphorically each year that I meet you at the I.M.C.) and one of a very large chorus who have been saying that a great deal for the world as well as for the U.S.A. rides on Paul Volcker's superbly judged and most effective work at the Federal Reserve. Congratulations on what you have already achieved and on being re-appointed to a task which in many ways is a thankless one but from which I hope you will obtain the satisfaction and fulfilment of continuing to be the major contributor in sorting out the complex, often well nigh impossible, monetary and fiscal problems of the U.S. and the world at large.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Yours sincerely  )LA   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. Saul J. Dobrow  Dear Saul: And I used to spend summer evenings sitting outside Dobrow's watching the girls (and boys) go by! Those, for me at least, were simple days. Thanks for writing and allowing a few moments of nostalgia. Sincerely,  40.  SATil, J. DOBROW  JUNE 18, 1983 "PAUL", AS YOUR SENIOR OF 15 YEARS I SHALL TAKE THE LIBERTY OF SO ADDRESSING YOU. THE EXCERPT OF THE N Y TIMES ARTICLE OF RECENT DATE CAUGHT MY EYE WHEN I SCANNED THE REFERENCE TO TEANECK. WHILE I FEEL MOST CERTAIN MY SURNAME WILL NOT RECALL ANY FAMILIARITY,THE FEW FOLLOWING HUMAN INTEREST ITEMS MAY BRING BACK SOME MEMORIES. (THE NAME VOLCKER HAS BEEN IMBEDDED IN MY CHERISHED MEMORIES). WE OPERATED THE "CANDY STORE" ON TEANECK ROAD CORNER WEST ENGLEWOOD AVENUE FOR MANY YEARS. YOUR DAD WAS QUITE A REGULAR PATRON MAKING HIS PERIODIC PURCHASES OF H IS FAVORITE PIPE TOBACCOS, YOUR SISTERS THEIR CANDIES E TC. I COULD CONTINUE ON WITH MANY REMINISCING, NOSTALGIC E VENTS, ETC. BUT I 1 M SURE IT WOULD PROVE MUCH TOO BORING. IT DID OCCUR TO ME HOWEVER, THAT YOU MIGHT GET A CHUCKLE O F THE ENCLOSED XEROX OF DAD, ET AL. I HAD MADE A FEW FUTILE ATTEMPTS AT CONTA CTING YOU WHILE I I HAD BEEN A YOU WERE AT THE N Y FED. (OUR ORGANIZATION I (DON BARNETT)), ✓ ENDOR, DEALING THE THE PURCHASING DEPT. SO 2 LET ME CONGRATULATE YOU UPON YOUR RE -APPOINTMENT AND EXTEND TO YOU THE HEARTIEST BEST WISHES FOR YOUR FURTHER PURSUITS.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  A tA731),)-  ilVilEIVI-13 341 JO 331110 (13A131,1R  L :6 EV 8Z Nnr E061 t13ISAS 3M13211 11/11333.4 3111 JO SIION83A00 JO OV00  Removal Notice The item(s) identified below have been removed in accordance with FRASER's policy on handling sensitive information in digitization projects due to copyright protections.  Citation Information Document Type: Newspaper article (partial) Citations:  Number of Pages Removed: 2  Photo of Paul A. Volcker, with caption. New York Times, undated. Photo of Paul A. Volcker, Sr., with police officers of Teaneck, New Jersey, undated.  Federal Reserve Bank of St. Louis  https://fraser.stlouisfed.org   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. Douglas Dillon  Dear Douglas, You know how much I appreciate the note from the old mentor -- and I won't say more as I look at all the "challenges" just ahead. We were sorry to have missed the dinner at Jane Engelhard's for you and your bride. I hope we can catch up on another occasion. Best regards,  1MRI3 OF GOVERNORS Or Tlirrl SISTE14 RESERVE HEM  1383 JUN 24 1\14  jdtTE  •  29  :Aw;  Dear Paul: I cannot tell you how pleased I was to read that the President has asked you to continue on as Chairman of the Federal Reserve Board and that you have agreed to do so. I realize what a sacrifice this is for you, but it was the only way to give the Nation confidence that monetary policy will be handled properly over the coming years. All of us continue to be in your debt. With every best wish, Sincerely yo  Dillon (.>  The Hon. Paul A. Volcker Chairman Federal Reserve Board 20th and Constitution Avenue, NW Washington, D.C. 20551   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  -ev. reAddismo. attrito  ce  ZI1  p.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Mrs. Albert J. Drueding  Dear "Miss Holuba": I wasn't all that little even in the seventh grade, but I do remember just a bit of your name and class. You are nice to write out of the past, and I appreciate your kind words and encouragement. Tell your husband Sing Sing isn't big enough for all of us. Sincerely,  PAV:ccm   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  BOARD OF GO VERNORS O F FEDERAL RE THE SERVE SYSTE I4 1983 JUN 2 2 AM 8: 58 R OFFICE CFETCHEIVED E CHAIRMAN  •  Removal Notice 7KHLWHPLGHQWLILHGEHORZKDVEHHQUHPRYHGLQDFFRUGDQFHZLWK)5$6(5 VSROLF\RQKDQGOLQJ VHQVLWLYHLQIRUPDWLRQLQGLJLWL]DWLRQSURMHFWVGXHWR copyright protections.  ŝƚĂƚŝŽŶ/ŶĨŽƌŵĂƚŝŽŶ Document type: article  Pages Removed:  Author(s):  Title:  Will Reagan Reappoint Volcker?  Date:  May 23, 1983  Journal:  Newsweek Magazine  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  July 18, 1983  Dear Mr. Eporse: I will just take a moment to thank you for the note and for your reminiscences! Sincerely,  Mr. Herman Eporse  PAV:slw  114_,41 4AA  CAX/141  //-7-ezZ47  -74  zAJr(4 214„/  c€7,e4 xi4A/Y  zs id,f7 444 '47/ —9 Ii (9  /1 0/47 4 4em-c  ' coti,r,77 2 r%  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  • Ary % csal. tfc-z-el rJe4A4  4-‘406L  7  1  ./V%-I/;  •  44r/   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  r144  .1zo S  149 •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Mr. Henry Dubroff Springfield Newspapers 1860 Main Street Springfield, Massachusetts Dear Mr. Dubroff: remember, and thank you so much for taking the time to write me about my reappointment. And keep the business news good, just for a few years! Sincerely,  PAV:ccm  • Springfield Newspapers morning Union • evening Daily News • Sunday Republican  GOVERlitIRS DI' ME SSE FEDERAL RESERVE BDARD  t5 itttl 23 DI 10:  ,013  /11K "r  WA  nit  512pOSe  a/ 11b /Uew  y.0,4  ,./ (// /1/, v. m CcA4,3i/v/<-//sqnS ,411  ah,t  tvZ4//d I-CAC1244r  ,d/h/.ni  A411. I"  te*04-4Zieclor4 Aostoyve-e ie?7,00)A74-04. 574CeAdii . 9-122W771 #014eY Ovbrpti /i/f4/1)c,rtorli4/hAL,, 11z-  /4/v4A1 s '*-2-9i7 arkfiAs L kek‘ Ake yeA,v. -4K& Lis/ _5 6.41 k A  1860 Main Street, Springfield, MA 01101   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Tel. (413)788-1000   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 12, 1983  Mr. Tully F. Dunlap Chairman of the Board Ellis Bank & Trust Company P. 0. Box 1713 Sarasota, Florida 33578 Dear Mr. Dunlap: Thank you for taking the time to write about my reappointment. The confidence and good wishes of members of the "Fed family" are especially gratifying. Sincerely,  NMS:dmg-b  41  11111 tii-s..1.4m4 ELLIS BANK & TRUST COMPANY Tully F. Dunlap Chairman of the Board   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 20, 1983  Dr. Paul Volcker Chairman, Board of Governors Federal Reserve System 20551 Washington, D. C. Dear Dr. Volcker: It was my good fortune to meet and get to know you during the time that I served as a Director of the Miami Branch of the Federal Reserve Bank of Atlanta. All of us recognize and appreciate the many contributions that you have made to our country during the past several years. It was good news to learn that you will continue this important role. Kind regards. Cordially,  TFD/bg  P.O. BOX 1718 • SARASOTA, FLORIDA 33578 • 813 / 366-2580   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1963  Mr. & Mrs. LeRoy Dunn  Dear LeRoy and Gaby: If if takes this to hear from you, it's too much effort! Thanks for writing. Sincerely,  •  • • vii tet t/t t /f to a/ r wre A , kvtriov   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Act •/i  reAr e24.7,4  4- PliA 11C 7 -  fvf— ct"Asi   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  •  ..:4; VZPAgr.:4:4201 -7.......... ..  ep,s6k.ia“"t*I.vvi-akrf". "9"4.CII- 44-"Is   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Mr. Vernon J. Dwyer Manager Pentagon Federal Credit Union Alexandira, VA 22313 Dear Vernon: Thanks so much for taking the time to write about my reappointment. Your encouragement and support are all the more appreciated, given your TIAC service. Sincerely,  V.  Pentagon Federal Credit Union  Office of the Manager  June 22, 1983  Mr. Paul A. Volcker Chairman, Federal Reserve Board 20th and Constitution Ave. Washington, DC 20551 Dear Chairman Volcker: I am delighted to see that the President had the wisdom to reappoint you as Chairman of the Federal Reserve Board. I consider the two years experience on the TIAC No. 1 as an exciting opportunity to see first hand a talented and devoted public servant in action. I wish you personally and professionally the very best. Kindest regards,  ernon 3.4Pwyer Manager VJD:cad   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Czo  rri  ( 4)  re,  CD CZ)  Zr (22 C-D  -N1 :t..  „  ALEXANDRIA, VIRGINIA 22313•(703) 838-1000  .... •.  '- • --ri M  , ••:' 3  •---- Zr.:(Z) •41":: 1-8-7 .• 1.1-1 rr?  c-• c.0  .c)  c.-   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. Hal S. Dynan Vice President The Chase Manhattan Bank, N.A. 1411 Broadway New York, Nww York 10018 Dear Hal: Thanks so much for taking the time to write about my reappointment.  I appreciate your encouragement and good  wishes. Sincerely,  PAV:smm  The Chase Manhattan Bank, N.A.  Hal S. Dynan  1411 Broadway New York. New York 10018  Vice President  CHASE June 22, 1983  Mr. Paul A. Volcker Chairman Board of Governors Federal Reserve System 20551 Washington, DC Dear Paul: Discerning trout in streams throughout the Northeast reportedly uttered a collective sigh of relief on news of your reappointment last Saturday. We know we did. Congratulations and continued good fortune. Barbara.  Our best to  With warmest regards,  HSD/bc   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  i'lViiViV1-13 III JO 331.4J0 03/113311 01 :11 NV 1Z Nfif £831 31SAS 3,1143S311 1H3Q3d 111 10 SON,113A00 20 OVVRI  July 5, 1983  Mr. William B. Eagleson, Jr. Chairman of the Board Girard Bank Girard Plaza Philadelphia, Pennsylvania 19101 Dear Bill: I appreciate the note and good wishes. We'll be looking forward to working with you awhile longer.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Sincerely,  GIRARD BANK  Girard Plaza  WILLIAM B EAGLESON JR  Philadelphia PA 19101  Chairman of the Board  Tel (215) 585-2170  June 28, 1983  The Honorable Paul A. Volcker Chairman Board of Governors Federal Reserve System Washington, DC 20551 Dear Paul: Everyone I know is delighted and relieved by the news that you will remain in charge at the Federal Reserve. Congratulations are customary, but along with them come thanks for your willingness to continue on in the job which you have performed so well. With all good wishes.   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Sincerely,  .14.1 di3 0A1.303Y 331110  es :8 NV  I-  inr £861  142IS23 3A2S:jd 2141 a fV033.1 SONUA00 JO DIVO3   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. John W. Eckman Chairman 0 President Rorer Group Inc. 500 Virginia Drive Fort Washington, PA 19034 Dear John: Thanks for your communication on my reappointment. The confidence and encouragement of the "Fed family" is the most gratifying of all. Sincerely,  NMS:dmg-b  -t  BOARD CF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1983 JUN 22 AN 9: 1 0 RECEIVED OFFICE OF THE CHAIRMAN  ciFSSAGE AREC26 RES BD WSH  4140U INFOMASTER ED  1-016853M172 06/21/83 IPMWGWJ WSH Ag1230 (01170) 06-21 0332P EDT WX-004160,1171 810822923506/20/83 FED RES BD WSH 11im740WX RORER-PENNA ORT ASHINGTON. PA JUNE 20. 1983 TTN: BOARD THE HONORABLE PAUL A VOLCKER. CHAIRMAN OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON. DC 20551 LIGHTED AT THE NEWS. IT COULDN'T HAVE BEEN A BETTER OICE. WARM REGARDS. HN ECKMAN RORER GROUP. INC. 0936 EST 437 EST lg PrED RES BD WSH SSAGE DONE *** I VACS  0  .  I 0  Otis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  6*  PERSONAL  0   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Mr. Arthur Edgeworth United States League of Savings Institutions 1709 New York Avenue, N. W. Washington, D. C. 20006 Dear Mr. Edgeworth: Thanks so much for taking the time to write me about my reappointment. Your encouragement and support are deeply appreciated. Sincerely,  CCM:dmg-b cc:  Miss Wolfe  , PE7 a9evy dY4A1L? 7.7  cre2-0y 'A/e. 'Y7 ,P(74e, Ay: -fl2-12/cf   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  (2-0 f72:5>  -71;-66:w a/ (Ya 74die. ./._•-  A  ' e (7 459e /P-1.---  V./1,44vY/,  nL.gaf,74  J9•7 -tt;  /07_7  en 2ae-R/1(0:7_17' 7./kgpy/ A/pi/ Oni-ei,01./1/47Q  9 $ /1,  1//d -71Wc7441Vg/.:_-_-  -7./XS-  (V/ rY  2'  OrflitV 4  .9 , GY4  X7<r=7/i  cpw s_4-6152i7.-fy  st2  Th . 5715/(5 " 44/  7 --r/7// • l  67ftgal  67  1 : 0790-1/0  -2  rY W  evAp•?!,pr loy.  orcw  -6/7  avy  ee—  S  (Y1./kt/./tv7  Y.  Ef/c 0068-L9 H1110111)03 811H11:1V •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  •  RECEIV OFFICE OF THE CEHDAIR MAN  II: 29  BOARD OF GOVERNO RS OF THE FEDERAL RESERVE S YSTEM ISEI JUN 27 A M   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. David Egaenberger  Dear Mr. Egaenberger: Thank you for taking the time to write about my reappointment. Your warm wishes and confidence are greatly appreciated. Sincerely,  NMS:dmg-b   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  • &ARO OF GNORS OVER CF THE FEDERAL RESERVE sYsrai 12,83 JUN 22 PM 12: 37 R E CEIVD OFFICE CF THE CHAIRI4e  teva-61-14 .A.e  et  /2/v1A/tA,641.term ••••  tei/L_   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 5, 1983  Mr. Horst Ehmke Social Demonratic Party Headquarters 011en hauer Stra. 1 53000 Bonn 1 Federal Republic Germany Dear Mr. Ehmke: Thanks so much for taking the time to write about my reappointment.  I appreciate your encouragement  and good wishes. Sincerely,  PAV:smr  Li  • BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM  •  :** mESSAGE  AREC22  ***  1983 JUN 20 PH 5: 06  ED RES BD WSH  RECEIVE6 OFFICE OF THE CHAIRMAN  il  'CA JUN 20 1558 48330C RCAW UR CZC YWB8096 GGA0251 DP89110839 RWN CO DPBN 037 ONN/TLX 37/33 20 1819 R PAUL VOLCKER BOARD OF GOVERNORS OF THE FEDERAL RESERVE 'YSTEM FEDERAL RESERVE BUILDING CONSTITUTION AVENUE NW ASHINGTON/D/C/20551 EAR MR VOLCKER HEARTY CONGRATULATIO N TO YOUR REAPPOINTMENT ND ALL THE BEST YOURS HORST EHMKE 1OL 20551 allONNN  121  1  ill  ED RES BD WSH DONE ***  Saela / Den-i0C/4 - 71/c, la arly 1-)eteter /   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  /  Re pzi-hhc-  it-/e4allketrier,s  4e cAlec".  ' 44  rA   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  August 26, 1933  Mr. Michel Bechara El-Khouri Governor Bank of Lebanon Boite Poftale 11-5544 Beyrouth Lebanon Dear Mr. El-Khouri: Many thanks for your note. I am sorry that you will not be at the IMF, but I can well imagine you have your hands more than full at home. We all follow the situation with concern, and wish we could find a solution. Sincerely,  PAV:dmg-b  ‘liBANK OF LEBANON gen ,  Beitut, Auguzt 5th, 1983  188/1  ,91A, D ede  06AA  Peeaze accept my watmezt congtatutations teappointment az Ptezident o6 the Fedetat Rezetve Boatd. Un6ottunatety, I witt not have the oppottunity to congtatutate you in peon az I witt not be attending the IMF meetingz this yeat. However.., due to the 6ond memotie4 I have o6 out pteviouz encountetz, I zincetety took 6otwatd to zeeing you on 4ome othet occasion. Peeaze 4otgive this Zate note but un6mtunately citcumztancez wete zuch that 1 waz unabZe to wttite eattiet.  7  0-tnitA.  ro(4+k Le,bakoo Mt. Paw. A. Votcket, Ptesident, Fedetat Rezetve Bank o6 New Votk, 33, Libetty Stteet, New Votk, N.V. 10045.  6,A ei F'ec-i)(A c;(.. La13o;te Po-Ntal-t- 16) I /- g5e,i9   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  N() S R E V O G F BOARD OOF TUE SYSTEM E V R E L FIE FEDERA 4  2: 3 1 . . F G 25 03 AU  D RECEIVECHAIR4t;4 F P'E e E C I F F C  •  •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Mr. Jim Elkins, Jr.  Dear Jim: Many thanks for your quick and warm message. The job ahead remains a little daunting -- hut we'll try to persevere, helped by your encouragement and support. Sincerely,  PAV:ccm  S J. A. ELKINS, JR.  t  •v\x,  %AA9 5WC4AA &-n  c.44.2  -  i(z  A).sen eirjhAk.  .k.4.41.A 6 11-4)kitArttiX  QA0.4,0  PSZR bi4 k).1 Gvt,ceiraucA  OSM  64  Va-‘%1  btte AorAck, Q,1140.44.4w44 4.sz. -4.44.1 trAct bAxat.fr. -JP•www SINAAAAA-i &owe- t,&4ks-4Is --%•/14AV oiX:644. ixAA1 I.KMAAAStAAM2 640 A.o.4.. i3AA.LwT\4t CtA0' .;•44. sk.4m4s444.ta ..0 4 6i0 ))Y C.10‘‘. SZAXRAL V4AJC Ja 4 ilsAUAIL 4•tiS2 lbAAr Woe— •  •  t  i  •  -N•cov T dbe CAtt4541  4Q   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  It4A4•1k)  ePTIAZA  U  " 41 1 -   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  •  • BOARD OF GOVERNORS CP THE FEDERAL RESERVE SYSTEM 19113 1/14 2 1 MI 8: 49 RECEIVED OFFICE OF ME CHAIR;,1A1.1  •   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  July 18, 1983  The Honorable Thomas 0. Enders Department of State ARA Washington, D.C. 20500 Dear Tom: Many thanks for the warm note. Hope to see you soon. Best regards,  PAV:ccm  I  •  17)4AA 1: tiA&Avie ‘ rtlitAf . irt, w rt„1, zt. L...... 14/AA 14A c, fr t 1•  cote?fr,%.44=:. rtA I h." el. 1•‘4t4A 14,'..4.%•••, Lode ^Covc plA wl^ ...1•• --rAAA 104km 444..I torAA a suZU co.% eta: tAA 14- 44, 101A  https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Ii  BOARD OF GOVERNORS OF TEE FEDERAL EESERVE  1233 JUN 27 PM 9: 07 RECEIVED OFFICE OF THE ONAIRMA\I   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  Ms. Linda Eppen  Dear Ms. Eppen: Thanks so much for taking the time write to me about my reappointment. Your encouragement and support are deeply appreciated. Sincerely,  CCM:dmg-b cc:  Miss Wolfe (2)  ;41 ARO OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 1983 JUN 27 AN 10: 55  RECEIVED  OFFICE OF THE CHAIRMAN  fgi-azzr) kA,,s  9--r‘C) 4-v?)  pi no?  1P--img9  0o)(  -aJ0LM  pvilo idclwC1 0c4>\   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Y)13  cv1oI.1  7P2-"Fa3 ;19* enSc,li  JO  )  Ur),NJ.)  0S  J 1:VA.1J  0Q2  t..1-1 -V  ;..r-a*)10  an y  sso-c -) 1 ,40.4f4s, LA0)  ILA04 4-4c)901 Cre  ,c,9 'iciale) cTho  niod  saA )10A  -aivca-S?  p-I`go  kAAoct 19 _sop a_A  tAv %du j1,0k40  n.c  -cr  ES bi   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  June 30, 1983  The Honorable Hernan Felipe Frrazuriz President Central Bank of Chile Casilla 967 Santiago, Chile Dear Mr. President: Thank you so much for your expression of friendship and support on my reappointment.  Your words mean so much  more to me since we toil together in similar vineyards. I look forward to our continued association. Sincerely,  PAV:ccm  I-  •  I  3  „,. UT  40 tI  "  r.  U.  *ME  I ...14^.....r-3 :-.:-.L ms-^ ^1 J .1 I A 1 1... : •=, ,, i_A- Nlit . . 1.. 1  5 .  I i  0434  21-06-83 1708  C .  FEDERAL RFRFRUF RANK. NEW YORK  5  USA:  THIs MFRRAriF WV; SFNT TO FRR N,Y: eA-r-rm  -"," VOLKER  Tc _ -  WITH •• .. • ••  CHAIRMAN OF THE BOARD  " , GREAT SATISFACTION THAT  7 a  EXTEND TO YOU MY HEARTIEST iv n r CIlT. H .IgP.0 Or 1 -DESIR NATIAN IN OU' P• '.-. E" ...%' L" !, FOR q. c"riW-P irPm. 1NTFF1 v_ THIS REELECTION IS MOST Pgril ChICKIT'QY 2..."«!! !...!—.L.i.01!„ Tn YOH AND REASSHRING TO UR: CONSInERING THF Ii I PF I 17U! T TrrM WIlA L I ES AHEAD. IT -.  cLiT Tr u c o!1 -  rr311N qc  X  l tPi;ITAN am  g  .  I 5 HERNRN FFIIPF ERRAZURIZ E ?RFS:PENT E EENTRAL RANK OF CHILE 8 i al a.P. --... URI  81  ari 0  X  m,,,,,,,  37t Hlitie ii  PFRSONAI  110  gil  3 3 c 5,  4 .: ._  I  TFEDR NUTU  ::i(21.1 J6fAl luurr.^rwmr. r.! tje'lArtit:rf0(...  0 ni  ,:r... ...1121qC1 " r V Wif.  RA  r iff 1.  'Il ehhN 3 3 3  3  .  FFDR  ig  •  V  •-• UT  3. 4'  Ullil  R944 06/22 VI::  7,,,,,r•T ir:1   __ ! I -- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  4 - _._ _ .1  --  Aida-   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  a  July 18, 1983  Mr. Tony Everett Laurie, Milbank & Co. Portland House 72/73 Basinghall Street London EC2V 5DP England Dear Tony: Thanks so much for taking the time to write about my reappointment. I appreciate your encouragement and good wishes. Sincerely,  PAV:dmg-b  P R Stevens A D Hyman J E Wilmot J IR Lancaster Wells K E Ayers R M R MacDonneIl A P Scott J P &fade J B S Sams P J Bishop C G H Allen  N Half head AM Everett A V Booth H R Bourne C J C Bowen R A Buxton P L Durlacher  T J Amies M P Woolf W P Dwerryhouse G F Burnand R Hodges I K Ling J M Singer M Edinoff C N Halfhead W D Wallace G D Galer R W Cummings Associate Members P L Fellner PT V Gnmshaw E R D Hampton G Hicks L J Kent P Legge B J Mitchell M A Morris  •  D J N Nabarro P M Hickey PM G Stopford-Adams K S Perrett J 0 Williams J C D Goldschmidt PH P Stephens HG S Bourne R A Bourne F C E Telfer J B Lambert  K J Mundy B H O'Donohoe R S Palmer J H Sawyer M Walker J R Walters R A Warburton  Laurie, Milbank International Ltd. H E Shohet I.R. Datwiler A Baron General Office Managers PJ Reynolds D A Spraggs Money Department Managers C H Pitman P J Spraggs   https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis  Laurie,Milbank 8z,Co. Portland House, 72/73 Basinghall Street, London EC2V 5DP(and The Stock Exchange) Telephone: 01-606 6622 Telex: London 887231 Telegrams: Lauriemil London EC2 in association with Laurie, Milbank & Co.(Jersey) Ordnance House, 31 Pier Road St. Helier, Jersey C.I. Telephone(0534)76774 Telex Jersey 4192056 Laurie Milbank International Ltd 72/73 Basinghall Street London EC2V 5DP Telephone: 01-606 6622 Telex: London 887231 Telegrams: Lauriemil London E02 VIM* ,  Mr. Paul A. Volcker Chairman Federal Reserve System Board of Governors Twentieth Street and Constitution Avenue Northwest Washington D.C. 20551 U. S. A.  June 24th 1983  Dear Paul This is written as much to express my relief as my congratulations that you have been re-appointed to the most important task in the United States. Thank goodness!! As I am now very much below the line it is less likely that our paths will cross, though I am in the States from time to time. Please on no account reply to this letter, but all good wishes and good luck for the future - you will sure need it!  Yours sincerely,  Tony Everett  NVriii1V1-13 20 331JJ0 03A1333j  SE :3 J S- mr C86I 113ISAS 3M133311 1V11303.1 2141 JO SHIMA00 JO OTifOO AME/mb
Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102