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Collection: Paul A. Volcker Papers Call Number: MC279 Box 21 Preferred Citation: Telephone Messages:January-June 1970; Paul A. Volcker Papers, Box 21; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://findingaids.princeton.edu/collections/MC279/c259 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. 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However, due to the nature of archival collections, it is not always possible to identify this information. Princeton University is eager to hear from any rights owners, so that it may provide accurate information. When a rights issue needs to be addressed, upon request Princeton University will remove the material from public view while it reviews the claim. Inquiries about this material can be directed to: Seeley G. Mudd Manuscript Library 65 Olden Street Princeton, NJ 08540 609-258-6345 609-258-3385 (fax) mudd@princeton.edu Messages for Mr. Volcker - 1 - Tuesdayj June 30, 1970 9:25 AM - Mr. Weadierbee's office has been advised that you will have lunch in the Secretary's Dining Room. (You will be the top man again today and lunch will be served when you arrive.) 9:55 AM - Robert Solomon's secretary called to say that the working luncheon with Mr. Coombs will be in Governor Daane's office tomorrow (Wednesday, July 1) -- at 1:00 p.m., with the meeting to continue after lunch. Daane and Solomon.) 11:25 AM - (Attending: Messrs. Volcker, Coombs ON CAL. Murray Seeger returned your call. He was leaving his office for an appointment and xxggialaRdxtkat said that he would be back after lunch -- about 2:30 p.m,D -- (296-1440) NOTE: Mr. MacLaury has made the arrangements for the lunch for Ethel Hodel in Secy's Dining Room this Thursday. On cal. 5:00 PM - Rex Beach called and said the Secy. glans to be on vacation from the 15th of August thru Labor Day and Dr. Walker plans to be away the same time. Mr. Beach said if you make any plans to be away at that time to please keep in mind that we are going to be awfully thin of officials around that time. MmaxExTANTIRiNgxkoxiamxixxMxxkmiNkilagxlimixxiR*xixxNXC Only thing so far on your cal. during that period that would take you away is your talk to the Savings Assn. League of NY State at White Sulphur on Monday, Aug. 31. _ Messages for Mr. Volcker Monday, June 29, 1970 will have 9:25 AM - Mr. Weatherbee's office has been informed that you lunch in the Secretary's Dining Room today. (You are No. 1 today and lunch will not be served until you arrive.) 11:20 AM- Mr. Geng's office has informed us that you and Mr. Geng will be visiting Government securities dealers in New York on Friday, July 24th. NOTE: CAL. NOTED. Financing Committees to meet in Treasury on maltaxt quarterly refunding on Tuesday-Wednesday (July 28-29). were firming up the 11:50 AM - Jim Smith's office called to say that they before the Srn.Foreign Mthe date of July 9 (Thursday) for the SecretaryRibaiies7li Inter-American Development Bank. (Details will be supplied.) ON CAL. ation to you on 11:52 AM - Mr. Snyder's secretary has extendeddthe invit behalf of Dr. Saul Klayman of the National Association of at Mutual Savings Banks to cocktails at 12:30 p.m. and lunch 1:00 p.m. on Thursday, July 10 -- in the Washington Room of the Washington Hotel. This is the day their Committee on Govt. Securities come in to be backgrounded by you. to accept? Your calendar is clear. YES (RuthdMcHugh - 2026) NO Is it all right • Messages for Mr. Volcker - 2 - June 29, 1970 1:10 PM - The EC Desk at State called to say that Jack Myerson is going to be the Economic Counsellor at the US Mission for EC at Brussels and would like to see you for 10 or 15 minutes if possible. He is coming to see Mr. Escoube at 2:30 tomorrow and wondered if there might be any chance of seeing you at that time. I litiggEx explained your schedule and suggested he check in with us when he arrives at Treasury and, if you are here, perhaps he might be able to see you. ask him to do so. They will On cal. 4:10 PM - Senator Saxbe returned your call of FridayQ His secy. said he would either be in his office or on the floor the rest of the afternoon. 4:30 PM 180 - 3353 - Rex Beach stopped by and said he needs to see you about Bernie Zagorin. 3484 4:45 PM -The Treasury information office called to say Lloyd Dennis is leaving Treasury and Thursday is his last day here. The Public Information office is giving a lunch for him at 12:00 Noon on Thursday, July 2nd, at the National Press Club, the Capitol Room, and they wondered if you would care to attend. The cost is $6.00. I said you had another retirement luncheon that day -- Ethel Hodel's (assuming Mr. MacLaury was able to make the necessary arrangements, which I have not yet been able to find out). _ 3 Messages for Mr. Volcker June 29, 1970 6:00 PM - Br. Jurich's secy. called and said there will be a luncheon for Mr. Kashiwagi on Monday, July 6, in the Mount Vernon Room, the Madison Hotel, with the reception at 1:00 and lunch at 1:30, and they wondered if you could attend. I asked who was hosting the luncheon and who else was attending and she said Mr. Jurich was hosting and she didn't know who else was attending, excepting Mr. McGinnis. I told her you were scheduled to be in Paris on July 7 at the WP-3 meetings and I didnht know exactly when you would be traveling to Paris. OK to regret for the Kashiwagi lunch? YES NO NOTE: Mr. Willis checked your calendar and said it will be necessary to have another VG mtg.; he has set one up to follow the WP-3 delegation mtg. tomorrow -- at 5:30, hopeing the delegation mtg. will be over by then, or, if that fails, he has everyone holding 5:15 on Wednesday as a fall-back time. On cal. - 3 - Messages for Mr. Volcker June 29, 1970 e will be a luncheon er th id sa d an ed ll ca . cy 6:30 PM - Mr. Jurich's se , July 6, in the Mount Vernon for Mr. Kashiwagi on Monday ception at 1:00 and re e th th wi l, te Ho n so di Room, the Ma ndered if you could attend. lunch at 1:30, and they wo I and who else was attending on he nc lu e th g in st ho s asked who wa g and she didn't know in st ho s wa ch ri Ju . Mr id and she sa . McGinnis. I told her Mr g in pt ce ex g, in nd te at s who else wa Paris on July 7 at the WP-3 you were scheduled to be in en you would be travelwh y tl ac ex ow kn 't dn di I meetings and ing to °aris. shiwagi lunch? OK to regret for the Ka YES NO NOTE: rk lit it will be necessary id sa d an ar nd le ca ur yo d ke Mr. Willis chec -3 s set one up to follow the WP to have another VG mtg.; he ha 5:30, hoping the delegation delegation mtg. tomorrow -- at ne , if that fails, he has everyo mtg. will be over by then, or a fall-back time. holding 5:15 on Wednesday as On cal. Messages for Mr. Volcker OEM 1 .1=11 Friday, June 26, 1970 9:15 AM - Mr. Beach's secretary has advised us that the full day staff meeting for Monday, June 29, has been cancelled. It is to be rescheduled at a later date.NOTED. NOTE: - Mr. MacLaury is attending a meeting atwhere he expects to be all morning. If necessary, he can be reached in Phil Loomis' office - on 138-51108. 9:45Weatherbee's office has been advised that you will have lunch in the Secretary's Dining Room today. 2:40 FM - Secretary Fowler called, He asked that his call be returned. (A.C. 212 - Call Pack Operator No. 6 - 676-22 8323). 3:25 PM Patterson called and asked if you had had a chance to cSll Prof. Schmidt yet. I told him we had started initiating the call but other things intervened and you had to go on the Hill on the debt limit. (Prof. Wilson rchmidt's office S hone at VPI - Blacksburg, Va. - AC 703 - 552-6607; home .) REMINDER: Mary Harris called to say that the Secretary will hold the small staff meeting in his office on Monday at 900 a.m. CAL. N5TED. Messages for Mr. Volcker - 1 - June 25, 1970 10:35 AM - Mr. Weatherbee's office called to ask if you would lunch in Secy's Dining Room today. Said you would. 10:50 AM - Mr. Flanigan's office called to say there will be a meeting at 3:30 today in the Roosevelt Room on the Mills Bill on textiles, H.R. 16920, to develop an Administration position. They are also inviting Amb. Gilbert, Secy. Stans, Shultz, Nat SLmuels, Paul McCracken, Fred Bergsten, and Peter Flanigan will attend. I informed Mr. Pelikan, who said he would get a copy of the bill and let me know as soon as he finds out what it is all about. At 11:30 Mr. Petty's office called and said he had just called in to ask them to alert you to keep your calendar clear at 3:30 today for the White House meeting on trade. - 2 - Messages for Mr. Volcker Thursday, June 25, 1970 tal Bank, Chicago, 4:10 PM - John Perkins and Donald Miller of the Continen called. They asked that their call be returned. ll" (Call back Operator - Chicago A.C. 312 - Operator No. 6 "Ca 828-7701) NOTE: h an agreeable After several calls back and forth trying to reac s, Mr. Solomon date for MI-. Coombs to come down and discuss swap Fed or here, hit on lunch on next Wednesday, either at the followed by a meeting. Mr. MacLaury didn't think it wculd do Fed for this harm to use our regular financing lunchl at the purpose. NOTE: time for a delegation Mr. McCamey checked your calendar for a is, will try for mtg. on WP-3 and, after checking with Mr. Will 4:30 on Tuesday. On cal. d left a note with Lorraine 3:45 PM - Mr. MacLaury called and said you' debt ceiling and about a letter needed for the Senate on the asked if I knew what it was. I did not so he will check in mtg. at Budget. with you after he returns from a 4:00)PM you to call him when you return. 4:00 PM - Dr. Walker called and would like n Sonne, Jr., couldn't 4:20 PM - Mr. Patterson phoned and said Christia down to come to Washington tomorrow and asked me to put him see you late Monday, say from 6:00 to 7:00 PM. On cal. ible and urgently. 5:20 PM - Mr. Geng needs to see you as soon as poss minutes earlier & (Mr. Holmes had tried to reach you a few weren't available.) asked to be switched to Mr. Gong when you Messages for Mr. Volcker - 3 - June 25, 1970 5:25 PM - Mr. Joe Slevin called and asked to see you sometime "on everything in general." He said he hasn't seen you in some time and wants to get caught up. Wednesday. Gave him 4:30 next Messages for Mr. Volcker Wednesday, June 24, 1970 - 1 - 8:50 AM - Mr. Petty stopped by to say that a reception is being held for the final IDA replenishment people from 6:30 pm to 8:30 pm entrance on 1818 H St., N.W. tonight at the World Bank (Executive Dining Room/- Ack=i)le hosted by Sir Denis and Lady Rickett eithiftrffga)/- and he thought it might be a good gesture on your part to MOD 411111 make anfor About 15 minutes. told him that ea an invitation. He said it didn't matter. at 7:30 pm this evening you are to attend an informal buffet by Mr. & Mrs. Antoine Yameogo, IMF Exec.Dir., Central Afrian Repilblic, at 1614 Tuckerman St., N.W. Your calendar has been noted. Mr. Petty also said he would like a few minutes wihh you this afternoon and I have put him down for 5:30 pm - ON CAL. 9:45 AM - Governor Robertson is hosting the Fed lunch today. Accompany- ing you will be Messrs. MacLaury, Geng, Auten and Cook. 9:30 AM - limmisen Hart, Company Economist with the New York Life, called. He wondered whether he might see you sometime this morning or late this afternoon specific questions. to discuss things generally, no I told him you were going to be on the Hill this morning and suggested that he check back about with us early this afternoon. noon? YES Do you want to see Mr. Hart this dier- NO . If yes, is it all right to give him 5:00 p.m.? (Phone Room W6-11, at Statler-Hilton, EX.3-1000. leave word at desk. If not in, Mr. Hart will call again early afternoon.) - 2 - Messages for Mr. Volcker 11:00 AM - Mr. Bergsten called. Wednesdayj June 24, 1970 He asked that his call be returned. (103 - 5026) 11:02 AM - Mr. Houthakker called. He asked that his call be returned. (103 - 5046) 11:15 AM - Mr. Patterson stopped by and asked when on Friday you could see Christian :;onne, Jr., of Drexel, Harriman & Ripley, who is being considered for Deputy Asst. -3ecy. for Industrial Nations Financial Relations. After looking at your cal., he suggested we put him down for lunch and to see you at 12:30 for half hour before lunch. On cal. 12:B5 PM - Mr. Geng stopped by to brief you on the markets, which 4parently are doing well thoughtthe stock market is down. 11:45 AM - Mr. MacLaury would like to join your 3:00 p.m. group today. He has something to contribute. (Cal. Noted.) What about Mr. Nelson??? 12:30 PM - Mr. MacLaury said Ethel Hodel's last day at Treasury will be July 2. She has asked that there not be a big celebration, which Mr. MacLaury thinks we should honor. He said Mr. Carlock is taking Ethel to lunch and wondered what you might think of having Ethhl to lunch in Secy's Dining Room next Monday. Since that is the day of the all day staff meeting, I checked with Mr. Beach to see if they were planning anything in that connection in the Messages for Mk. Volcker _ 3 June 24, 1970 Secy's dining romm and he said they were. He asked about Tuesday or Wednesday; I said those days you and Secy. were to be testifying on IADB and you might not be back in time. Then Mr. Beach asked about Thursday, July 2; I checked with Mr. MacLaury and he said he thought that was the day Mr. Carlock was tking Ethel to lunch but we could ask him to witch to an earlier day. the Secy's. Your cal. is clear, as is Shall we try to work this out for the 2nd? YES OTHER 1:30 PM - Sir Denis Reckett's secretary called on behalf of Sir Denis and Lady Rickett to invite you and Mrs. Volcker to the IDA reception from 6:30 p.m. to 8:30 p.m. this evening in the new Executive Bank Dining Room in the "D" Building (enter D Bldg. on "G" Street between 18th and 19th - elevator to 2nd Floor to the Dining Roam). No Do you wish to accept? Yes (You are attending the 7:30 p.m. dinner by Mr. and Mrs. Yameogo.) ,fr. Aiv RSVP - Miss McCrindle - 181-4283. 1:40 PM - Alan Wade called to ask whether you would see Hendy Simmons of Newsweek tomorrow morning -- about liquidity. is clear. Do you want to see him? If yes, is 9:30 a.m. all right? (Alan Wade - 8191) YES Your calendar NO Messages for Mr. Volcker Wednesday, June 24, 1970 4:40 pm - The Secretary's Operator has informed us that the Secretary' s Staff for Friday, June 26, has been cancelled. Cal. Noted. 4:45 pm - Mr. Widman i s office called to say that Weir Brown is in Washington and would like to stop by to see you either this afternoo n at a time convenient to you - or sometime tomorrow, Thursday, prior to 3:00 p.m., when he leaves to visit with his family in Illinois. (He does have several appointments outside of Treasury Thursday - but can come in any time during the perio d from 10:00 a.m. to 12:30 p.m. when he leaves for a work ing luncheon at Brookings Instifttion.) - 2896 - ■MP' • Messages for Mr. Volcker 1 Wednesday, June 24, 1970 8:50 AM - Mr. Petty stopped by to say that a reception is being held for the final IDA replenishment people from 6:30 pm to 8:30 pm entrance on 1818 H St., N.W. tonight at the World Bank (Executive Dining Roomi/--Ote hosted by Sir Denis and Lady Rickett ceoftwiAe:NP:e. )/- and he thought it might be a good gesture on your part to make an appearance for about 15 minutes. I told him that you had not received an invitation. He said it didn't matter. -- at 7:30 pm this evening you are to attend an informal buffet by Mr. & Mrs. Antoine Yameogo, IMF Exec.Dir., Central Afrian Republic, at 1614 Tuckerman St., N.W. Your calendar has been noted. Mr. Petty also said he would like a few minutes with you this afternoon and I have put him down for 5:30 pm - ON CAL. 9:45 AM - Governor Robertson is hosting the Fed lunch today. Accompany- ing you will be Messrs. MacLaury, Geng, Auten and Cook, 9:30 AM - Hartsrn Hart, Company Economist with the New York Life, called. He wondered whether he might see you sometime this morning or late this afternoon -- to discuss things generally, no specific questions. I told him you were going to be on the Hill this morning and suggested that he check back about with us early this afternoon. noon? YES NO Do you want to see Mr. Hart this dherIf yes, is it all right to give him 5:00 p.m? (Phone Room W6-11, at Statler-Hilton, EX.3-1000. leave word at desk. If not in Mr. Hart will call again early afternoon.) - 2 - Messages for Mr. Volcker 11:00 AM - Mr. Bergsten called. Wednesday, June 24, 1970 He asked that his call be returned. (103 - 5026) 11:02 AM - Mr. Houthakker called. He asked that his call be returned. (103 - 5046) 11:15 AM - Mr. Patterson stopped by and asked when on Friday you could see Christian onne, Jr., of Drexel, Harriman & Ripley, who is being considered for Deputy Asst. Secy. for Industrial Nations Financial Relations. After looking at your cal., he suggested we put him down for lunch and to see you at 12:30 for half hour before lunch. On cal. 11:25 PM - Mr. Geng stopped by to brief you on the markets, which apparently are doing well though the stock market is down. 11:45 AM - Mr. MacLaury would like to join your 3:00 p.m. group today. He has something to contribute. (Cal. Noted.) What about Mr. Nelson??? 12:30 PM - Mr. MacLaury said Ethel Hodel's last day at Treasury will be July 2. She has asked that there not be a big celebration, which Mr. MacLaury thinks we should honor. He said Mr. Carlock is taking Ethel to lunch and wondered what you might think of having Ethel to lunch in Secy's Dining Room next Monday. Since that is the day of the all day staff meeting, I checked with Mr. Beach to see if they were planning anything in that connection in the Messages for Mr. Volcker - 3 - June 24, 1970 Secy's dining room and he said they were. He asked about Tuesday or Wednesday; I said those days you and Secy. were to be testifying on IADB and you might not be back in time. Then Mr. Beach asked about Thursday, July 2; I checked with Mr. MacLaury and he said he thought that was the day Mr. Carlock was tking Ethel to lunch but we could ask him to switch to an earlier day. the Secy's. Your cal. is clear, as is Shall we try to work this out for the 2nd? YES OTHER 1:30 PM - Sir Denis Rickett's secretary called on behalf of Sir Denis and Lady Rickett to invite you and Mrs. Volcker to the IDA reception from 6:30 p.m. to 8:30 p.m0 this evening in the new Executive Bank Dining Room in the "D" Building (enter D Bldg. on "G" Street between 18th and 19th - elevator to 2nd Floor to the Dining Room). No Do you wish to accept? Yes (You are attending the 7:30 p.m. dinner by Mr. and Mrs. Yameogo.) RSVP - Miss McCrindle - 181-4283. 1:40 PM - Alan Wade called to ask whether you would see Henry Simmons of Newsweek tomorrow morning -- about liquidity. is clear. Do you want to see him? If yes, is 9.30 a.m. all right? (Alan Wade - 8191) YES Your calendar NO NIL ot 6./ Messages for Mr. Volcker 1 June 23, 1970 10:45 AM - Former Secy. Fowler phoned and said he was coming in to see Dr. Walker at noon tomorrow and would like to see you for 5 or 10 minutes on a matter other than Penn Central or the matter he discussed with you when he was last in. I suggested 11:45. On cal. the markets 11:25 AM - Mr. Geng would like to bring you up to date on if you return before going to FNMA. 1/ to be back I later called Mr. Fowler's secy & explained you have d Mr. Fowler on the Hill testifying tomorrow morning and suggeste finishes might want, in the circumstances, to stop by when he with Dr. Walker to see whether you have returned. the Secy. does 12:20 PM - Mary Harris called and said to tell you to plan to leave as scheduled today and you will have represent him before the Senate Finance Cmte. in the morning. ster at the Australia9 11:45 AM -Mr. Gordon Low, Financial Mini nd Aotag called to extend an invitation to you to atte bassy, Pt 6 ki lied), at the dinner on Tuesday, July 21 (time to be supp &,/r Australian t/Ambassador, International Club -- to introduce the new h Waller, (NOTE: Sir James Plimsoll, successor to Sir Keit ;old an informal to/reception and dinner You and Mrs. Volcker have been invited in the Mt.Vernon Room of the Madison Hotel by the Kansas Bkrs. Do you wish to accept Assochtion for 6:00 p.m. on July 21.) NO on? YES MK. Low's tax invitati KbVP:Maurine 0 Brien -- 797-327 Messages for Mr. Volcker Tuesday, June 23, 1970 - 2 - ion Press called about the 12:25 PM - Harry Rosenthal of the Associat rnoon. possibility of seeing you sometime this afte He is ral and said doing a story on what happaned with Penn Cent answer. he has several questions which only you can He ing holes said he is writing his story this afternoon - leav and said to be filled in after he has spoken with you tes on the if you don't have the time to see him, a few minu telephone would be appreciated. PHONE: - 234-5400. with you on the 12:30 PM - Joe Slevin called and would like a word financing phone if possible to get your views on Eximbank of foreign purchases of jets. He said he'd only be in his office until about 6:30 tonight -- I told him you . 393-6686 probably wouldn't have a chance to call until late Messages for Mr. olcker _ 3 June 23, 1970 4:15 PM - Mr. Willis called and asked for some time tomorrow afternoon for himself, Messrs. Deane, Solomon & Dale on Ossola's poeigion with the EC an flexible exchange rates (see cable attached). I gave him 3:00 PM. On cal. 4:20 PM - Tom Leahey wwnders if you want him to accompany you to the debt limit hearing in the morning. Messages for Mr. Volcker Monday, June 22, 1970 - 1 - 9:30 AM - Mr. Weatherbee's office has been informeorthat you will have lunch in the Secretary's Dining Room today. NOTE: Call from Jim Smith's office: Mr. Volcker's appear- ance before the House Banking & Currency Committee on the 24th (Wednesday) has been cancelled. CAL. NOTED, 10:00 AM - Mr. MacLaury has arranged a meeting on savings bonds with Messrs. Carlock, Geng, Cook, Kroll and Mr, Hughes from Savings Bonds - in Mr. MacLaury's office. ON CAL. say 10:15 AM - Jim Smith's office called to tizatt/that hearings are set before the House Banking and Currency Cmte. on June 30, and Development possibly on July 1, on Inter-American/Bank legislation. The Secretary is going to testify on Tuesday, June 30; the Committee may want you or Mr. Petty to also testify on June 30 and possibly on July 1. ON CAL. 10:30 AM - Fred Bergsten called & would like you to call him. 103 - 5026 11:00 AM - Mr. Hirschtritt called and would like to see you sometime today on a financing problem relating to IADB. I told him we'd call him when you are free, 0 • Messages for Mr. Volcker - 2 - Monday, June 22, 1970 1:30 PM - William Simon of Salomon Brothers & Hutzler ailed. that his call be returned. (Direct line: 1:40 PM - Mr, Willis is back in his office. He asked 347-4651) Do you want to see him now? 1:50 PM - Rex Beach's office called with a reminder concerning a "brief memo covering those items which you believe should be brought up at the Secretary's all-day staff meeting Shall we ask Mr. MacLaury to handle? YES June 29." NO 1:10 PM - Bob Samuelson of the Post called and said he and Frank Porter would like to see you on Penn Central -- they are trying to do a longer article and they do not have to see you this afternoon but it would ;have to be sometime this week, preferably in the mr1ng or elde around 7:30 or 8:00 in the evening. Mr. Samuelson's number is 223-6000, Ext. 632. 2:50 PM - Murray Seeger called and would like you to call him, 296-1440 3:10 PM - Mr. Weatherbee's office called to say that Martin Pollner will be sworn in as Director of Law Enforcement (a new man and a new position) by Dr. Walker at 10:30 AM tomorrow morning in 4121. You probably won't be able to attend -- you'll either be at FNMA Board or more likely on the Hill on the debt limit with Secy. I checked with Rose and was told Secy is returning tonight and the executive session on the debt limit is on for 10:00 AM tomorrow, Messages for Mr. Volcker - 3 _ June 22, 1970 6:10 PM - Mr. MacLauryaasked me to remind you that he is due to be out in Arlington at 9:30 tomorrow morning to tape a TV program and he plans to go directly there from home, unless you let him know to the contraty that you need him in the morning, i1 which case he'd probably have to cancel out on the recording. If he does tape the recording, it shouldn't take more than an hour and he should be in his office by 11:00 AM about. 1 June 19, 1970 Messages for Mr. Volcker ,Brimmer 9:51 AM - Governor/Vemtimr is very a9xious to talk with you as soon as ET7 c;e L7t6 you are free. NOTE: I checked with Mr. Carlock as to who should be notified about the postponement of the executive session on the debt limit, and he checked with Tom Vail on how many Treasury people could attend because, traditionally, the Senate Finance Cmte. has not wanted anyone from Treasury when they met on the debt limit in executive session or they limited it to the Secretary. Tom Vail told him there is going to be some controversy and they do want the Secy. there plus one other person who knows all the figures. If you are going to accompanyithe Secy, they would not object if you brought one other person with you but they would not want any more than three at most. will accompany the Secy. I assume you Do you want any one else to accompany you and, if so, who? MacLaury Snyder Car lock 12:00 M - Mr. Petty called and said the NAC mtg. at 2:30 has been cancelled so you will have plenty of time to talk to Mr. Schmidt! 12:05 PM - Mr. Crosswhite stopped by to ask if you had seen Carli. I told him I was sure you hadn't. He said if that was the case there was nothing to be done but pay it off. Messages for Mr. Volcker June 19, 1970 - 2 - e Bowsher called; I told his 3:35 PM - Asst. Secy. of Navy for Financ low's office if it secy. you could be reached in Mr. Har and said no, to ask were urgent and she checked with him you to call when you returned. 11 - 72325 see you on Monday if there is to e lik ld wou tt tri sch Hir Mr. 4:00 PM no chance today. like you ito call him. 5:10 PM - Mr. Lynn called & would 189 - 4772 Messages for Mr. Volcker - 1 - 9:15 AM - Mr. Crosswhite called with a questi on: Thursday, June 18, 1970 Did you have a discussion with Governor Carli in regard to the roll-o ver of $85 million note connected with military purchases? If so, what were the results? -- Since you didn't go on to Rom e, I told him that it was unlikely that you had spoken to Gov ernor Carli While you were on this trip -- but that I would refer the question to you for confirmation of the reply I had given him. (8241) 9:55 AM - In checking with Mr. Weatherbee's office on lun ch in the Secretar Dining Room today, I was told that the Secretary is having a closed luncheon today -- with Messrs. Mayo, Shultz and McCracken as his guests. 10:30 PM- Mr. MacLaury has just inform ed us that Peter Flanigan has set up a final meeting on the go-ahead wit h the V-loan - in his at 4:00 p.m. this afternoon, office, West Wing, White House4 which you are scheduled to attend. ON CAL. 10:45 AM - Bill Dale called and would like to speak to you on the phone sometime today if possible on Canada he said he was getting beat over the head a bit by Schweitzer. NOTE: Mr. Patterson said Mr. Petty was very anx ious to have you talk to Prof. Wilson Schmidt, of VPI, who the y would like to head up the research work. I wanted to wait until I could check out the timing with you but Mr. Patterson decide d to move ahead and has arranged to have Prof. Schmidt here to lunch with you tomorrow, Friday. On cal. Messages for Mr. Volcker - 2 - June 18, 1970 Said we'd 12:25 PM - Mr. Petty would like to see you sometime today. put him on the list and let him know wk max when we knew whether or not you had to be back up on the Hill this afternoon. 12:40 PM - Mr. Flanigan's office called to ask if you would be able to attend the 4:00 PM mtg. on Penn Central today, which they assumed Mr. MacLaury had told us about. I said he had and I was sure you would attend -- the only possible problem being you were on the Hill testifying on the debt limit and might have to go back up this afternoon (I see on Secy's schedule he's to leave at 3:30 to NYC today). I asked who would be attending and she said the Atty. General, Secy. Stans, Dr. Burns, Mr. McCracken, Depy. Secy. Packard, Under Secy. Beggs, and Mr. Flanigan, and if you would like to bring Mr. MacLaury with you that would be all right. the mtg. would be in the Cabinet Room. On cal. She said 4 _ 3 Messages for Mr. Volcker Thursday, June 18 1:20 PM - The Secretary's Operator has informed us that the Secy's Staff for tomorrow morning (Friday) has been cancelled. CAL. NOTED. the tentative appointment 4:30 FM - Mr. Carlock called with regard to for the FHLBB on Tuesday, June 23, at 3:00 p.m. I had . given him this time, subject to your confirmation He has man learned that this would mean a cancellation by Chair Preston Martin of a prior commitment and asked that we cing and reschedule the FHLBB meeting (on their future finan mortgage backed bond)to 3:00 p.m. on Friday, June 26. Your calendar is clear. NOTE: CAL. NOTED. is one I mentioned to Mr. Carlock the fact that this of the days on which you might testify before the Subcommittee on Commerce & Finance of the House rCmte. on Interstate & Foreign Commerce re Broke on dealer insurance, and Mr. Carlock was of the opini that this hearing would not go into the afternoon, should it be on the 26th. 5:20 pm - Mr. Samuels called. He asked that his call be returned. (101=20410) called. 6:00 PM - Dick Burris (White House) He said it wasn't urgent ing. and he will call again in the morn Messages for Mr. Volcker June 18, 1970 - 4 5:30 PM - Mr. Joe Barr called and said he didn't want to put this in a letter because he didn't like to be tn the position of p plugging a Republican but wanted you to know that John Corbin, who used to be with the Eximbank and is now at Commerce, is plugging for some kind of job under Mr. Petty. Mr. Barr said he knows the fellow; he is from Indiana and a hard hitting Republican type. He is competent, honest and Mr. Barr is sure he would be loyal. However, Mr. Barr has no knowledge of his abilities in international affairs. Messages for Mr. Volcker - 4 - June 18, 1970 5:30 PM - Mr. Joe Barr called and said he didn't want to put this in a letter because he didn't like to be tn the position of plugging a Republican but wanted you ko know that John Corbin, who used to be with the Eximbank and is now at Commerce, is plugging for some kind of job under Mr. Petty. Mk. Barr said he knows the fellow; he is from Indiana and a hard hitting Republican type. He is competent, honest and Mr. Barr is suee he would be loyal. However, Mr. Barr has no knowledge of his abilities in international affairs. NOTE: Orig. of this given to Mr. Petty. On Monday, June 22, Mr. Corbin phoned and asked to see Mr. Volcker; he said he was with Exim but detailed to Commerce on 189 - 4523. I conveyed this to Mr. Patterson, who said they'd already interviewed Corbin, who is a grade 14 or 15, and he is apparently now trying other channels. He said Mr. Petty has an idea -- BAFT is looking for a Washington representative and we might put Corbin on to this lead. Mr. Petty will discuss with you. Messages for Mr. Volcker - NOTE: - 2 - Tuesday, June 16 (contd.) The NAC is meeting at 2:30 p.m. on Friday, in Room 4426 on "EXIMBANK Interest Rates." The Secretary is attending, as are Mr. Petty and others of the Volcker Group. Mr. Petty thought you might be interested in attending also. 4:00 p.m. This meeting is expected to end by -- CAL. NOTED. 1:00 PM - Mr. MacLaury has asked that your calendar be noted with the following: 1) The debt limit hearing is presently scheduled before the 4(fVii C Watgioteerts Committee for 10:00 a.m. on Thursday, June 18. CAL. NOTED. 2) You are to testify onA three days next week: Thursday, June 25; and Friday, June 26 Monday, June 22; at 10:00 am. eaefl mora-iint -- before the House Interstate Foreign Commerce (Details to be Committee on "broker dealer." CAL. NOTED. suppltd) 3) Chairman Patman's request that you, or someone representing the Treasury, testify before the House B&C Committee re PENN CENTRAL on Wednesday, June 24, at 10:00 a.m., in Room 2128 (0151Y) Rayburn House Office Building. (Mr. Patman's letter/is Mr. MacLaury has original attached4 also his letter of June 11 pertaining to Penn Central, which was referred to Mr. MacLaury for reply.) ON CAL. Messages for Mr. Volcker - 3 - Tuesday, June 16 (contd.) 1:40 PM -Mrs. Ziobro of the AMR Italian Embassay, called on behalf of of Ambassador Ortona, to extend an invitation to you to attend a stag luncheon on Monday, July 6th, in honor of the Italian Minister of Foreign Trade, Mr. Zagari -- at 1:00 p.m. at the Embassy Residence, 2700 - 16th Street, N. W. WP-3 and G-10 meet in Paris on July 7-8. You -COT 1 - -ater-afternini will be en route to Paris or4July 6th. t411 MON , "s\i,i()''147609S4e.en Do you wish to ACCEPT? REGRET On your calendar: RSVP: Mrs. Ziobro - AD -4-1935. 2:00 PM - Don Battle of Jay Debow & Paltners, New York, who handle public relations for BAFT, called. He referred to a tape recording of on May 20 now your informal talk to BAFT at Sun Valley!, which has lint/been (Mr Kinney) transcribed and a copy sent to the outgoing President of N BAFT. Mr. Battle said that they were going to send copies of this transcript to all the members and wondered whether you would like to read this transcript before this done. I suggested that he send you a copy for your review and indicated that he would hear by telephone whether it was all right with you that a distribution be made to the members. He mentioned further that since Mr. Kinney was winding up his affairs as President, it would help ifmKthey got your answer as soon as possible. Messages for Mr. Volcker - 4 - 3:50 PM - Mr. Carlock called. Tuesday, June 16-contd,, He said xthe FHLBB was very eager to meet with you -- on financing, generally, and specifically their mortgage-backed bond. I explained that you had hearings on the Hill every morning next week -- with the exception of Tuesday, June 23 - when the FNMA Board was scheduled to meet from 9:30 am and probably through lunch° He asked that I tentativeut the FHLBB down for 3:00 p.m. on Tuesday, June 23 - subject to your confirmation, Attending from FHLBB would be Chairman Preston Martin and Bruce Ricks; from Treasury: Geng, Snyder and Achenbach. He anticipated that they would need no more than 1 hour. CAL. NOTED. Is it all right to confirm? (Mr. Carlock - 2112) REMINDER: Messrs. Carlock, MacLaur3; YES NO You have aa an appointment with Dr. Alpher at 8:30 a.m. on , ( 4)c r F'Df f 14-/ r Thursday, June 18. fit iv j1 hi -‘\ i C( I till, 3v. Wednesday, June 17 10:30 AM - Bob Bethke called you and indicated he would probably call again in the morning. 4111I - 1 - Messages for Mr. Volcker Monday, June 15, 1970 He asked for 12:30 pm - Milton Christie of Kiplinger Letter called, about a 20-minute visit with you to discuss the balance of payments -- as c)11 as possible. Do you want to see Mr. Christie? NO YES Refer to: 1:00 PM - Mr. Potter of Jim Smith's staff stopped by to say that the railroad retirement status is the same as last Friday -5 Republicans and, hopefully, 4 Democrats. There is a question still on Hughes and Cranston; Schweiker and Saxbe they would go along with Javits, but tkRix/would prefer the House version. (NOTE: 4:55 PM - Mr. Jurich called. He gave Mr. MacLaury this message also.) He/would like to come in to brief you on Okinawa on your return. (5264) Tuesday, June 16, 1970 12:30 PM - A Volcker Group meeting has been arranged for 4:15 p.m. on Friday, June 19, in your office on: Message on AID: "The President's The Question of Elimination of Restrictions on Direct Investment." -- per Mr. MacLaury. ON CAL. NOTE: Both Mr. Houthakker and Mr. Wonnacutt are away this week. Mr, MacLaury has okayed Messrs, Tom Willet & Ed Mitchell from CEA to attend in their place. Messages for Mr. Volcker NOTE: Friday, June 12, 1970 Governor Daane called after you had left the office last night to say that he had tentatively arranged a one-hour appointment for you with Chairman Burns at 4:30 p.m0 this afternoon. CAL. NOTED 8:40 AM - Bob Holland called from the Board with the message that Chairman Burns had received a letter from Congressman Patman yesterday in which he questions the Penn Central V-Loan and wants tim "us" to testify on the matter during the week of June 22nd -- he thought in connection with the hearing on the Defense Production Act. He is sending a copy of the letter to you this morning, but thought you ought to know that "Patnam is sticking his nose in." ION - 2 - Messages for Mr. Volcker Friday, June 12, 1970 900 AM - Stanley Wilson of Business Week called. He said the Business Week story next week will be on Penn Central and ramcations unIsr the title of "Corporate Liquidity Squeeze." He has some probably short questions, but says the answers/will be long -- and would like about 20 minutes with you, either on the telephone or he would like to come nS see you. He will be in his office until 2:45 p.m. this afternoon. Do you want to talk BY_phone with Mr. Wilson? - or, refer him to Dept. of Transporta- See him tion? Other (Stanley Wilson - RE.7-6630) 925 AM - ra. called. He asked that his call be returned. (His secretary said he had just returned from a European visit this morning - but couldn't say what it was he wanted tS talk about - other than that it might concern this trip.) (128-21131) Messages for Mr. Volcker - 3 - Friday, June 12, 1970 5:15 PM - Mrs. Blum of Congressman Wm. E. Minshall (Ohio) called with regard to the invitation you had received flu= from the Financial Analysts Federation (hosted by the Cleveland Society of Security Analysts) to speak at their opening day program on the occasion of their 24th Annual Conference, in Cleveland, on May 16, 1971. She referred to the Federation letter of April 17, in which the original invitation was stated, and to the Congressman's letter of April 23, 1970, expressing interest. She also mentioned the followup letter from Mr. Albert Clark of the Analysts dated June 5th. The Congressman wondered what the status of the request was, since Mrc Albert had not as yet received a reply. (NOTE: She referred to the date for the speaking engagement as May 17, rather than May 16, 1971c) (Mrs. Blum - 180-5731) • Messages for Mr. Volcker - 1 June 11, 1970 9:10 1M - Ronald Wirttriech of Stone & Webster Securities in NYC ,cal1,0 on what he terms"a personal matter" and said he does not wish to taltto anyone else. NUI1E: NYC - 269-4211 Mr. Geng said neither Mr. MacLaury nor Mr. Snyder will be able to attend the 2:30 lg. with I meetings. He will t y to He is expecting from group today because of other ave Mr. Carlock and Mr. Cook attend. e IBA Mr. Youngdahl, Bob Rivel, Ed McGrew, of Northern Trust, and Perkins, although Youngdahl said if he couldn't get those three he would get someone else. 12:25 PM - Secy's operator said Secy's staff has been cancelled for tomorrow morning. REMINDER: Call Senator Harris /Williams. 12:45 PM - Bob Bethke called and would like you to call him when you - ?Ai lc, „deeexXe can. NYC 943-4400 2:05 PM - Rueben Richards called from Sherman & Stirling (law firm in New York City), where he is ma a meeting. call be returned. 2:10 FM - Gov. Da to boar e called He asked that his A.C. 212 - 483-1000, Ext. 4584. om ftwxYlax the Boston airport. his p ane in 10 min. He expected He will call you when he reaches his offi e at the Fed Board at about ixik 3:45 pm.) Thursday, June 11, 1970 - 2 - Messages for Mr. Volcker 1:30 PM - Evan Galbraith, Managing Director of Bankers Trust Intl. (English subsidiary of Bankers Trust, New Yor4, callwd from London. He asked for an appointment with you sometime next week to discuss the Eurodollar market and the types of financingldeveloped "here" which in turn relates to the balance of payments and the IET. He said that one of the factors which would determine the timing of his trip to the U.S. is when he could see you. He mentioned also the fact that he had previously chatted witth you in London; and that you knew him. I told him you would be away from Washington next week (he had mentioned June 16th, Tuesday, as a possible day to meet you); and he said he could delay his trip until the following week.sdHe added that perhaps he might see Mr. Petty next week, if he were available. Do you wish to arrange an appointment for Mr. Galbraith during the week of June 22? YES / Shall we IRK refer his call to Mr. Petty with him during the week of June 15? NO for an appointment YES NO OTHER (Cable address: SEAHOUSE, London - or TELEX No. in London, 883041; or telephone in London, 588-7131.) THE DEPARTMENT OF THE TREASURY OFFICE OF THE ASSISTANT SECRETARY FOR INTERNATIONAL AFFAIRS Date. 047;41o, TO W. L. McCamey Room 5410 Ext. 8081 Messages for Mr. Volcker - 2 - Thursday, June 11, 1970 1:30 PM - Evan Galbraith, Managing Director of Bankers Trust Intl. (English subsidiary of Bankers Trust, New York), called from London. He asked for an appointment with you sometime next week to discuss the Eurodollar market and the types of financing/developed "here" which in turn relatex to the balance of payments and the IET. He said that one of the factors which would determine the timing of his trip to the U.S. is when he could see you. He mentioned also the fact that he had previously chatted with you in London;and that you knew him. I told him you would be away from Washington next week (he had mentioned June 16th, Tuesday, as a possible day to meet you); and he said he could delay his trip until the following week.xdHe added that perhaps he might see Mr. Petty next week, if he were available. Do you wish to arrange an appointment for Mr. Galbraith during the week of June 22? YES >K Shall we IRK refer his call to Mr. Petty with him during the week of June 15? NO for an appointment YES NO OTHER (Cable address: SEAH0USE 2 London - or TELEX No. in London;, 883041; or telephone in London 5, 588-7131.) June 10, 1970 - 1 - Messages for Mr. Volcker 3:30 PM - The British Embassy called to say that Aubrey Jones, Chrm. of the Natl. Board for Prices & Incomes, who was scheduled to see you next Wednesday, will not be able to come to Washington, as planned, because of the British elections. NOTE: Mr. Petty says (via Escoube) that the only time the Canadians can see you (in lieu of the meeting scheduled for this afternoon) is 9:30 AM tomorrow. Their schedule tomorrow is completely filled and they are catching a 7:00 PM plane. Mr. Escoube will check with me in the morning as to whether or not you can see the Canadians at 9:30 AM. (Since talking to you have told Escoube you will see them at 9:30) NOTE: Mr. Fowler suggested breakfast at 8:15 AM tomorrow at the Metropolitan Club. NOTE: Told him you'd be there Senator Saxbe has a reception tonight and his secy. didn't know exactly when he'd be home but said you could try him at home. His home phone, which I've given Secy's operator, is Senator Schweiker's secy. said his schedule for ;this evening was very uncertain and it would be better to ask him to call you at home when he has a chance. I gave her your home phone, Tuesday, June 9, 1970 - 1 - Messages for Mr. Volcker 11:00 AM - Gene Birnbaum called from Chase Manhattan. He referred to his table conversation with you at lunch about setting up a date accep to you to come to New York and talk to the International Economists Club of New York (which he said you had addressed in September of last year). (NOTE: You spoke at their luncheon meeting on September 19th, at the City Midday Club, 140 Broadway,)-- Off-the-record, on the International Monetary System.) He mentioned Reptember 4 as a possible date and indi- cated he would like some confirmation from you in order to proceed with arrangements for the place, etc. Do you wish to commit yourself to this speaking engagement? NO YES Your calendar for Friday, September 4, is clear. This is the Labor Day weekend - with Labor Day falling on Sept. 7 (Monday). Just prior to that weekend (on Monday, August 31,)you will be speaking at the 19th Annual Convention of the Savings Assoc. League at the Greenbrier, White Sulphur Springs, West Va. If your answer is YES, Algxylam is it all right to confirm the Sept. 4 date? NO YES OTHER (Mr. Birnbaum - A.C. 212 - 552-8915) 11:20 AM - Mr. Petty called. He would like just a few minutes with you prior to your luncheon date with Professor Schmidt -- to talk about the Professor. rptilrin frnm the 14411 I told him I would call on your --19c k - 991 Messages for Mr.Volcker - 2 - June 9, 1970 11:30 AM - Mrs. Volcker ca lled and said you wanted to talk with She said you can only get him on Tuesdays after 4: 00 or 4:30 until about 6:00 or 6:30, when he usually is in his office at the hospital (she said this is his only office). 11:50 AM - Phillip Greer, of the Washington Post, called and wants to talk to you about the IOS -- the Treasury Depart ment's concern with the problem an d what Treasury is doing about it. He said he would be out and would call you back later. 12:20 PM - A.114-0-ren-y Solomon' s secy. called to say he is giving a dinner for the Huntrods at 8:00 PM on Saturday, June 27th, an d would like to invite you and Mrs. Volcker. It will be at their home and probably info rmal but she will send a reminder with details if you can acce pt. Your cal. is clear on 27th, which is Mrs. Volcker's birt hday. 147 - 238 ACCEPT REGRET 12:40 PM R Mr, Petty's secy called & said he had gone to the Two Cont inents & suggested you join him and Pr of. Schmidt when you can. Schmidt has to leave around 2: 00 PM to catch a plane. • Messages for Mr. Volcker - 3 - June 9, 1970 12:40 PM - Cherie,in Mr. Beach's office, called and asked if you could attend a Sub-Cabinet meeting from 2:00 to 4:30 PM next Tuesdayc She did not know what it was about but said the word had come from John Campbell's office at the White House. called and was told it was a briefing for the sub-Cabinet officers on the Family Assistance Plan, the ABM, and Dr. Heard will speak, presumably on campus unrest. They would like to have as many members of the sub-Cabinet attend as possible. You cal. is clear on next Tues. afternoon, unless you are in Nantucket or in Paris for EPC.xxxmisatxtkmxielemsex kaRkingxEmtiaxxiaxstaxtimAxlattaxialgammxtkolxRmussxamtandmamtx imilxwagiampxiERxemitmaixxxSauliixwaxxkay Shall we say you'll attend unless you are out of town? YES ?( NO 2:00 PM - Ronald Wirttriech of Stone & Webster Securities called on a personal matter. I explained that it was unlikely that you could return the call this afternoon, and he said tomorrow was all right, (N.Y. Operator 551 - A.C, 212-269-4211) Messages for Mr. Volcker - 4 - Tuesday, June 9, 1970 2:05 PM - The secretary to Peter Gilsey of Loomis-Sayles called to say that Michael White, an international financial analyst from Boston will be in Washington on Thursday and Friday (June 11-12) of this week and Mre Gilsey wondered whether he and Mr. White might come in to see you at a time convenient for you on one of these days to talk about the economic trends. Shall we anange an appointment? YES NO Refer to Mr. MacLaury ? Other (298-7830) 4:50 PM - Mr. McCamey called to extend an invitation(which had come through the State Department) to a luncheon in Paris on Tuesday, June 16, by Sir John Chadwick, British Ambassador to OECD. Governor Brimmer and Ambassador Greenewald are also being invited. Chairman McCracken, who presumably would have been invited, has another engagement. (Further details as to time and place will be forthcoming.) Do you wish to accept? (RSVP. NOTE: YES NO Mre McCamey - 8081) When I called Mr. Fowler's secy. to say you had been called out of town unexpectedly and did not expect to be back until tomorrow niOrewrOmetime, she called back to ask if he could see you at breakfast to on Thursday. I said I he'S-itated because exactly when you returned depended on how things developed tomorrow Messages for Mr. Volcker - 1 - Monday, June 8, 1970 9:15 AM - Mr. Weatherbee's office has been info rmed that you will hve 4044 lunch in the Secretary's Dining Room todayvA kArs --f—thts- tIme 2 GhaIrman—Burns_had_aot—been—InvIted_to-TfeNsury—Lor_lunch..,) 9:50 AM - James Lynn called. He asked that his call be returned. (189 - 4772) 9:55 AM - Jim Smith's secretary called to extend an invi tation to you cocktails and to attend m/dinner on the Sequoia (to board at 6:15 p.m. ) for members and staff of the House Appropriations Comm ittee (and SubCommittees, such as Treasury and Post Office, and Foreign Relations), on Tuesday evening, June 9. Your calendar is clear. YES Is it all right to accept? NO (Millie Griffin - 2038) 10:10 AM - Leon Kendall, President of the Stock Broker Trad e tssn. called and would like to talk to you about two things: (1) The status of the broker - dealer insurance proposal and whether you need any help from the industry on that . (2) The question of institutional membership; Loeb Rhoades has proposed a bill in the area of institutional membership of stock exchanges and you are supposed to have this unde r advisement; Mr. Kendall again wanted to tell you the indistry views on this. Mr. KendalVs number in NYC is 227-6722 and he expects to be in his office today & tomorrow. Would you want Mr. Messages for Mr. Volcker - 2 - MacLaury to call Mr. Kendall? June 8, 1970 I took the liberty of telling other Mr. Kendall that you were very involved in a couple of urgent projects and that Mr. MacLaury had been following the various proposals relating to the stock market very your closely and it was possible, in view of the pressure on time, that you might want Mr. MacLaury to talk to him. Is this OK? YES NO REMINBER: NOTE.: Call Cong. Reuss. you Mk. Flanigan's secy. called and asked how many speeches omy had made, or how many times had you testified, on the econ during the past week. I told her you had made no speeches and had not testified. from New York to extend an ed call y etar secr ng's Demi 10:45 AN - Mr. him at 1:00 p.m. on Friday, invitation to you to have lunch with cannot lunch with him, June 12, at the Cosmos Club; of, if you op Friday Should yo4. with an hour he would like to have about a half lunch with him on Saturday, it be more convenient for you to have , Mr. Deming can arrange to stay at 12:30 p.m., at the Cosmos Club over until Saturday. continued/3 Messages for Mr. Volcker - 3 - Monday, June 8,1970 - (Mr. Deming - cont'd) Your calendar for lunch on Friday, June 12, at 1:00 p. clear. - Do you wish to ACCEPT REGRET or - Shall we arrange an appointment for Mr. Demi ng with you other than lunch. Both morning and afternoon are at present clear (except for a 12:15 p.m0 appo intment with Phillip Lemaitre, LeMondeCorrespon dent.) YES NO or - With regard to lunch on Saturday, June 13, at 12:30 p.m0 at the Cosmos Club - Dr. Wallich has sche duled his Consultants' meeting from 10:00 a.m. to 4:3 0 p.m. on Saturday - with a sandwich lunch served at 1:00 p.m. Do you prefer the luncheon engagement with Mr. Deming on Saturday? YES NO Mrs. Lieberman, Mr. Deming's secretary, hope s she may have an answer from you as soon as possible, since she will arrange his other appointments based on when Mr. Deming sees you. --(212 - 422-1200, Ext. 414) REMINDER: Irving Friedman's request to see you on the external debt study is pending; you wanted to see Jay Finkel and then call McNamara first, as soon as you got a chance. Messages for Mr. Volcker - 4 - Monday, June 8 1970 11:35 AM - Mr. Carlock called to ask that we set aside some time next week for a HLBB Meeting with Preston Martin and his staff for a discussion of their future plans on financing (he indicated that this would be a regular-type meeting which is usually held every six months). I have put a hold on 10:30 am (for 1 hour) and, alternatively, 3:30 p.m. (for 1 hour) on Thursday, June 18. Cal. Noted. Mr. Car1ock will confirm one. (2112) Messages for Mr. Volcker - Mondayj June 8, 1970 called again from Phila. 4:20 PM - Mr. Guthrie, Counsel for Penn Central, matter he wanted (In his earlier call at 2:30 p.m., he said the Wriston about.) to discuss with you you had already talked to Mr. 2214) He asked that his call be returned. (Phila. A.C. 215-594correspondent, 5:50 PM - Phillip Greer, Washington Post New York financial called. He asked that his call be returned. (His secretary Wa5 unable to say what it was he wanted to talk about.) (A.C. 212 - 421-1221) c/014 Jo 1 Messages for Mr. Volcker Friday, June 5, 1970 that it is all right for 9:25 AM - Mr. McCracken's office called to say today on Mr.Petty to accompany you to his meeting at 4:00 p.m0 GATT and border taxes. NOTE: -- Mr. Petty advised. Mr. Petty is also attending the luncheon by Mr. S. S. Marathe at the Fund and he said he would like to ride with you and brief you on the way. 10:00 AM - Mr. Jurich called. Cal. noted. He asked to see you for about 10 minutes building this morning about Okinawa. He will be leaving the this noon morning at 10 of 12:00/and for Tokyo tomorrow". I tentatively gave him 11:30 a.m. - and told him I would call to confirm. Shall I confirm? YES NO 10:30 AM - We have given Mr. Handfield-Jones and Mr. Lawson 3:00 p.m. to 4:00 p.m. on WERd Wednesday, June 10 (re present exchangex rate policies) - per Mr. Petty, who has also asked that we hold Wednesday evening for a dinner for the Canadians. CAL. NOTED. a Meaages for Mr. Volcker Friday, June 5, 1970 - 2 - an invitation 12:05 PM - Dixon Donnelley called from New York to extend 13th Annual University of New York to you to attend the/Loeb Awards Presentation Luncheon at LiklArQ'ti the Hotel Plaza, New York, on Wednesday, June 10 -- at 9&k) SC u e f..J PL581" I ON which the Secretary will be speaking. On your Calendar for Wednesday, June 10 -1:00 2:30 3:00 4:00 pm pm pm pm pm - possible Fed luncheon Dick Youngdahl, et al. Mr. Hanfield-Jones and Mr. Lawson EPC Delegation meeting, Mr. McCracken's Offic Possible dinner for the Canadians Shall we accept? regret? Mr. Donplley's invitation? (Ar. Donnelley - Axexx2i2 296-7966) s 2:30 PM - Mr, Stith called and said he understood the financial market were rather uneasy and he wanted you to know that he is the duty man this weekend and, if you need to put out any statement or need him for anything, the Secy's operator can reach him at his home. 2:40 PM - Victor Mack called and said there will be an Oil Policy Cmte. mtg. at 3:00 PM next Tuesday. This is the time the Treasury Financing Group is scheduled to have a second meeting with the Independent Bankers and I so informed Mr. Mack. He will advise Mr. MacLaury of the OPC meeting also, on the assumption that one or the other of you will attend. He said it will be a continuation of the items that were discussed at the last mtg. On cal. Messages for Mr. Volcker June 5, 1970 - 3:30 PM - Mr. Wass at the Boston Fed called to inquire about your plans for attending the mtg. at Nantucket. I told him there appeared to be less and less likelihood of your being able to attend but that I would check this out with you and let him know one way or the other. He would appreciate knowing early next week if at all possible. Mrs. Volcker told me she definitely could not attend.amix OK to tell Mr. Wass you cannot attend and ask him to convey your regrets to Mr. Morris? (A.C. 617 - 426-7100, Ext. 451) YES NO 3:45 PM - I talked to Mr. Willis, who wanted o you to know that somehow his name was on k the list of those to attend the EPC mtg. June 15-16 and he has made a reservation for himself on the 9:00 AM TWA flight from NY to Paris on Sunday, June 14. He said he understood he got the last economy seat left. ill He further said he had talked to Messrs. Widman, Daane, and Dale and it was everyone's R general feeling that it would be important for you to talk to some of the Europeans fox prior to the Monetary Cmte. mtg. which will be held the end of June (date not yet fixed). He thought if you went to the EPC you would have a chance to talk to the French there and might at the very least want to visit Rome and Germany • June 5, 1970 - 3 - Messages for Mr. Volcker after EPC (assuming you go). Even though you won't make a decision on this until next week, I have taken the precaution of making a first class reservation for you on the following flight: Sunday, June 14 6:45 7:54 9:00 9:10 AM AM AM PM - Lv. Dulles via TWA 802 Arr. JFK Lv. JFK (Same flight) Arr. Orly I also recommended to Mr. MacLaury that he make reservations for himself going over at least, as a precaution. 4:30 PM - Mr. Patterson stopped by and said Professor Wilson Schmidt, who is a full Professor at VPI, strongly recommended by Henry Wallich for the Director of Research slot, is coming to Washington for a mtgo at Fed. Board on next Tuesday and Mr. Petty has arranged to lunch with him. Mr. Petty would like to have you see him and suggests the easiest thing mighL be if you joined them for lunch. I reminded Mr. Patterson that you wanted Mr. Petty to do the groundwork la and be sure of a prospect met all the qualifications before he asked you to see him. Mr. Patterson said Schmidt is so highly regarded Mr. Petty apparently didn't think it necessary for him to see Schmidt first. You are free for lunch. Are you willing to lunch with them? YES NO Messages for Mr. Volcker NOTE: - 4 - June 5, 1970 When I discovered you had scheduled Handfield-Jones and Lawson for 3:00 PM on Wednesday, I alerted Mr. Geng, because this would only allow half an hour for Dick Youngdahl & co, who were scheduled for 2:30. Mr. Geng said this wouldn't do and said he'd like to reschedule the IBA group for Thursday afternoon if possible, because some were coming from Chicago. I therefore have shifted the Le Monde correspondent to Friday and Mr. Geng is rescheduling the IBA group for 2:30 to 4:30 on Thursday. Once 2:30 was clear on Wednesday, I suggested to Mr. Escoube that he schedule Handfield-Jones & Lawson for 2:30, rather than 3:00, which he will do. He said the only other people he had down to sit in were Mr. Petty and Bob Solomon so far. Would you like any of the following to participate? Gov. Daane Mr. MacLaury -C* Mr. Nelson Mr. Willis Mr„ Dale cOY-0- -41- 1 - Messages for Mr. Volcker 8:40 AM - Mr. Cohen (Tax) called. ••• Thursday} June 4, 1970 He asked that his call be returned. 5363 have 9:30 AM - Mr. Weatherbee's office has been informed that you will lunch in the Secretary's Dining Room today. the Secretary 9:35 AM - The Secretary's Operator has informed us that will hold his 8:45 AM Staff meeting in Room 4426 tomorrow (Friday, June 5). CAL. NOTED. 9:55 AM - Mr. Cohen called. again. 10:30 AM - Commissioner Thrower's secretary called to say that the Commissioner is meeting with Dr. Walker - and he plans to invite Rossides, Mr. Cohen, Martin Worthy (IRS General Counsel) some of their staff - at 4:00 p.m. on Friday, June 5, in Dr. Walker's office, concerning foreign transactions under /9reY-1) the House Bill now before the Senate Finance Committee. Commissioner Thrower thought you might want to be present and will confirm time and place if you decide to attend. (Miss Dhein - Ext. 4115) -- Your calendar is clear0 Is it all right to say that you will attend? \ YES NO time 11:25 AM - Commissioner Thrower's secretary called to say that the of the meeting has been changed from 4:00 p.m. to 2:00 p.m., to last until 3 p.m. when Dr. Walker has another appointment. It will be in his office. (You are attending a luncheon at the IMF at 1:00 p.m0 on Friday) Cal. Noted0 eeNt a& fel.,cie e0 - 2 - Messages for Mr. Volcker Thursday, June 4, 1970 an EPC Delegation 11:40 AM - Mr. MacCracken's secretary called to say that 10, in meeting is scheduled for 4:00 p.m. on Wednesday, June Mr. McCracken's office, Room 312, EOB. CAL NOTED, (Your calendar is clear.) be free at 2:30 on Wed., June 12:20 PM - Mary Weldon asked if you would . of the IBA 10, to meet with Dick Youngdahl and other reps g. Govt. Secs. Cmte. on the timing of our financin Told her your cal. was clear and they are going to set up. On cal. itre, Le Monde correspondent Lema e lipp Phil that said all Rend Mr. 3:30 PM and related based in Brussels and covering Common Market Grant and would activities, is in the U. S. on a Leadership Euro-dollar market like to see you -- he is interested in the in particular. State considers him one of the top correspon- useful if you dents in Europe and thinks it would be very he will be in could see him on either June 11 or 12, when Washington. I suggested 3:00 PM on Thursday, June 11. On cal. 101-22158) (If necessary, contact in State is Mr. Eastman, there is a chance. 3:35 PM - Mr. Petty would like to see you when stopped by. 4:10 PM - Henry Simians of Newsweek He wanted to talk with dian dollar - and wondered you about the floating of the Cana with you over the telephone. whether he might have about 2 minutes that you might be unable to I told him your schedule was such his message, 9298-7880) talk with him, but that you would get you this afternoon, if with talk to like d woul he said (He possible.) - 3 - Messages for Mr. Volcker 4:50 PM - Gov. Daane called. Thursday, June 4, 1970 He wanted to talk with you before 5:00 p.m0 - and said it since he is seeing Chairman Burns at 5:00 p.m. wouldn't be necessary to return his call after that. (147-211) call him when you can. 4:55 PM - Mr. Mayo called and would like you to 103 - 4840. to say that he had had a word 5:52 PM - Henry Simmons of Newsweek called and will not need to with Mr. MacLaury, who was very helpful, talk with you now. go to Philadelphia at the 6:15 PM - Rose called and said Secy. has to on's funeral tomorrow White House's request to attend Mr. Mell and Secy mtg. in would like you to attend for him a 4:00 PM with Mayo, Shultz, McCracken's office on GATT & Border taxes Gilbert, Stans & Samuels. could attend. Your cal. is clear and I said you the She is sending down the Secy's copy of paper on the meeting. (attached) I informed Mr. Petty's been working office about this and Mary said Mr. Pelikan had it was for on some papers for the meeting and she asked if ce and was principals only. ;I checked Mr. McCracken's offi d like to told you may bring someone with you but they woul keep the meeting as small as possible. OK for Mr. Petty to accompany you? YES NO s You'll want to have a briefing session beforehand but gues we can set that up in the morning.nx iVL 1 - Messages for Mr. Volcker Tuesday, June 2, 1970 9:50 AM - Mr. Jurich's secretary called to say that he is briefing the Secretary on the NATO meetings at 11:30 a.m. this morning, and invited you to sit in. Mr. Jurich has been informed that you are attending a White House meeting at 11:00 a.m. 9:55 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 2:45 PM - Mr. Bethke - Discount Corp. - called. He asked that his call be returned. - A. C. 212-943-4400 3:45 EM - Herbert Stein's secretary called to extend an invitation to you and Mrs. Volcker from Mr. and Mrs. Stein to attend an informal dinner at their home, Md., at 7:30 p.m. on Friday, June 26, -- no special occasion. Invited also are: Secretary and Mrs. Shultz, Mr. and Mrs. William Safire of the White House, Mr. and Mrs. Houthakker, and Mrs. and Mr. Moynihan of the White House. Your calendar is clear. Do you wish to accept Regret (RSVP - 103 - 5042) 3:50 FM - Mr. Jurich asked for about 15 mimicks minutes with you to fill you in on the NATO meetings. Thursday, June 4. I have given him 9:30 a.m. on CAL. NOTED. , Messages for Mr. Volcker Wednesday, June 3, 1970 2:00 PM - Message from Jim Smith: Full Executive Committee on the railroad retirement is off for tomorrow (Thursday, June 4). They are going to try to reschedule for next week. Mr. Smith thinks you should go ahead with the calls to Javits, Eagleton and Smith.. Cmte. on Labor & Public Works SubCmte. on Railroad Retirement -- Thos. FQ Eagleton, D-Mo. .0 • .0 • 180 - 5721 (Chairman) -- Jacob K. Javits, R-NY •00•00 ... 180 - 6542 -- Ralph T. Smith, R-Ill. 2:05 PM - Mr. Petty called. 180 - 2854 applicant, He has screened/ippliumtimm, John M. Hennessy (bio attached) and asks that you give him about 15 or 20 minutes on your return to the office. let him know when you return. I told him we would (2522) 2:20 PM - James Lynn called from NY Fed and said he understands there is another 8:00 AM meeting tomorrow on NYxGoixtxiti Penn Central and, if that is true, he is very anxious to talk to you this afternoon or evening. He may have left the NY Fed to return to Washington by the time you have returned but, if not, he will be either with Mr. Pitterett (sp?) or on Ext. 54. evening, he will be back home in Washington - . This M2ssages for Mr. Volcker .limo 1 1•11, Monday, June 1, 1970 informed that you will have 10:10 AM - Mr. Weatherbee's office has been will be a regular lunch in the Secretary's Dining Room. It lunch - without Chairman Burns - today. esday, June 3, 3:30 p.m. for the 10:20 AM - Mr. Willis has confirmed Wedn meeting of the Volcker Group. The subject is -- Resumption of in the Fund. ON CAL. Limited Exchange Flexibility discussion 10:30 AM - Mr. Houthakker called. He asked that his call be returned. (103 - khx 5046) 2:40 PM - Nat Samuels called. (101 - 20410) He asked that his call be returned, Messages for Mr. Volcker Thursday, May 28, 1970 1:40 PM - Mary Ann Allin called to say that the Secretary did not go to Chicago0 Should you lun±r! want to get in touch with him, he can be reached at home° He will be here at home all weekend. 4:30 PM - Mary Harris called and said Dr Danielian is asking to see the Secy. sometime early next week and she wants to put him off on you, I rather hesitated wasting your time with him with all that's going on, but shall I give him an appointment and, if necessary, we can cancel out later? YES NO 5:30 PM - Mr. Dale called and said Mr. Yameogo, from Upper Volta who is Exec. Director for a number of African countries, is organizing a dinner at which he aims to have the Southards, Dales, Volckers, and some African friends for some African food. Yameogo has checked the Southards and was told they are free June 8, June 10, or after June 22, and those dates are OK with the Dales. intercede with you. Yameogo asked Mr. Dale if he would Your cal. is clear on these dates. Is it all right to tell Mr. Dale he may tell Yameogo those dates are all right with you? YES NO Messages for Mr. Volcker May 28, 1970 - 2 - 6:45 PM - Mr. Petty said he will be reachable at home tomorrow until 3:30, when he will be leaving for the weekend and will not be reachable until Sunday night. NOTE: root I have you down to see Dr. Milobsky for a checkup on your canal work at 8:30 Monday morning. You don't need an appointment there but I thought if you did it first thing in the morning might be less chance of having to wait. Messages for Mr„ Volcker 3:00 PM - Wednesday, May 27, 1970 FYI -- Dr. Eck will be here late enough to be able to see yS u on your return from your 4:00 p.m. appointment at EOB, (per Mr. Weidenbaum) 3:40 PM - Donald Meads, Chairman of the Board of IBEC (International Basic SR Economy Corp.Ocalled. His secretary was unable tS say what it was he was calling about - but referred to a meeting he had just had with .S.ceee Mr. Meads asked that his call be returned. (A.C. 212-247-3000.) Mr. Meads has to leave his office beforefor a meeting but will be at his home in New Caanan,Conn., from 7:45 PM on. Osborne, of the local office of the London Daily Telegraph, called and said that Dominick Harrod of their London office, will be in Washington all of next week and would like to see you on g S a back• •basis. isn't the greatest newspaper gr The Teleaph in the world but I suppose someone will have to see Mr. Harrod, Are you willing? (393-5195) YES NO 5:10 PM - Mr. Weatherbee's office informs us the Secretary's Dining Room Thursday, 5/28 will be closed tomorrow "(Cook will not be in - and alterations are being made). (NOTE: You are lunching with Mr. Birenbaum, at San SoucL) Tuesday, May 26, 1970 Messages for Mr. Volcker for the 10:35 AM - Mr. Bergsten's office called with a change in the room 4:00 p.mo meeting of the Commission on International Trade and Investment. It will now be held in Room 474, EOB (The Indian Treaty Room). CAL,NOTED Marathi, Minister of Economis 11:00 AM - Mrs. Ohal, secretary to Mr, S. S. afor the Embassy of India, called to extend Mr. Marathi's invit GC , tion to you to attend a stag luncheon on Friday, June 5, at to be 1:00 p.m0 at the International Monetary Fund (Dining Room CL le 'tit., for Economic 1 .01 11 oc t named) for Dr. I. G. Patel, Permanent Secretary (0 , 7t011, : ftl e of Affairs for India -- who is visang Washington for a coupl days. The purpose of this luncheon is to enable Dr. Patel to meet some of the senior officials in the Administration. the. new Indian Ambassador, L. K, Your calendar is clear. Also, Jha, is attending the luncheon Is it all right to accept? YES NO (RSVP Mrs. Ohal - 181 - 3245) NOTE: Dr. Patel is coming in to see you at 5:00 p.m. on Thursday, June 4;(he is seeing Mr. Petty at 4:30 pm). called to inquire 12:30 PM - Juanita Fox, secretary to Chairman Williams, the as to whether or not anyon‘-will be accompanying you to m meeting of the Commission on Intl.Trade and Investment at 4:00p tomorrow -- for the purpose of clearing them for admission (Miss Fox - 103 - 6965) • May 26, 1970 - 2 - Messages for Mr, Volcker he would like to 11:30 AM - Irving Friedman's secy. called and said see you have lunch with you or, if that isn't feasible, to sometime within the next couple of weeks, I asked what he wanted to talk to yotiabout and she said the external debt study and other matters. I asked Mr. Wieczorowski's ofix secy., whom I have known for many years, why Mr. Friedman was leaving the World Bank. She said the press release said he a was asking to be relieved because of ill health; she said he was quite ill last year and still looks very pale and not well; she understands he plans to go to Europe and rest for a year. However, he has agreed to stay on until his sucessor, Hollace Chenery, can take over in three or four months. I asked Mr. Finkle about this and he said you wanted to see Mr. McNamara on the external debt study and he thought you might want to see McNamara and Friedman together before seeing Friedman alone. He did say that Friedman will be heading the staff work on the external debt study. Mr Finkle said he should see you and brief you on a meeting they had yesterday on this subject. Messages for Mr. Volcker Monday, May 25, 1970 10:05 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room. 10:05 AM - Mr. Willis said he and Mr, Hirschtritt, and possibly Mr. Petty, would like to see you tomorrow afternoon to be sure what you want to say when you appear before the Cmn. on Intl. Trade and Investment at 4:00 PM on Wednesday. Have put them down for 4:30 tomorrow. 10:20 AM - Gene Birnbaum called and said someone just called him and told him about the front page story in the Washington Post quoting his article about the Fed supporting Treasury financings and he wanted you to know w that he was surprised. 11:10 AM - Victor Mack called to say that an Oil Policy Committee meeting has been scheduled for 3:00 prric on Thursday, May 28, in Room 326, Winder Bldg. The subject will be the same discussed at last week's meeting (which Mr. MacLaury attended), e.g. District No. I (basically No. 2 heating fuel allocation tS)JIt for New England)o You have Mauro Culamendrei, the N,Y. Corres, of L'Expresso, Rome, coming in 3:00 p.m. DO you wish Mr. MacLaury to attend this meeting. (His calendar is clear.) YES NO (Victor Mack - 8263) 11:15 AM - Mr. Wieczorowski called. He asked that his call be returned. (181 - 2776) 11:45 AM - Frank Saul of F.S. Smithers, New York, called. He asked that his call be returned. (Mr. MacLaury is going to talk with him. Messages for Mr. Volcker - 2 - Monday, May 25, 1970 3:00 PM - Steve Cohen, Economist with the U.S.-Japan Trade Council, called. He said he had spoken with you last week at the Commerce Department NEEC Conference (May 13) about getting together for lunch0 I tentatively gave him 1:00 p.m. on Tuesday, June 2, and told him this would be confirmed. Is it all right to confirm? YES NO OTHER //14 (Steve Cohen: 296-5633) 3:05 PM - May Ann Allin called to say that the 2:30 p.m0 meeting on Tuesday, June 2 (arranged by the Secretary with people from the Republican National Coinmittee for a confidential briefing on campaign strategy for November elections) is now firm and will be held in Room 4121, Treasury Building. She suggested that we invite Mr. MacLaury to accompany you -- or that he attend alone if you are unable to attend0 (NOTE: on cal. I have asked Mr. MacLaury's office to advise him - and note his calendar accordingly.) 4:00 PM - Mr. Geng is prepared to give you a report on the markets when you are ready, 4:05 PM - Mr. Roger Lyon of Chase called and indicated he didn't want to talk to anyone else but you. He will probably call you again in the morning. 4:35 PM - Mr. MacLaury would like to see you but said it was not urgent and could wait until tomorrow if he doesn't get in tonight. - 1 - Messages for Mr. Volcker NOTE: May 22, 1970 h in Secy's Have told Mr. Weatherbee's office you'll lunc Dining Rm. to day. ley, Vice President & 9:45 AM - Mrs. Moore called to say that Hugh Stok was going to Economist of the Girard Bank of Philadelphia, you had an come to Washington on Monday and wondered if financial hour or so to see him; he wants to discuss the markets and particularly the intl. money markets. I told the Hill her Monday was a bad day because you had to be on I'd check to testify and it might involve all day but said with you to see what you might suggest. She asked about lunch. inviting Burns I checked with Rose Cicala to see if they were was probably to lunch Monday and she said apparently not -- it into the a bad day because of the hearings which may go over afternoon. In addition to debt limit hearings, we have their study the McKinsey & Co. people scheduled to see you on PM inof OASIA from 5:00 to 6:00 and you to attend an 8:00 n Amb. formal dinner for Brazilian Fin. Min. Neto by Brazilia ible? OK to tell Mr. Stokeley that Monday doesn't seem feas YES (AC 215 - 585-3311) NO see you re possible 11:30 AM - Mr. Geng said he and Mr. MacLaury need to . rescheduling of dates when financing cmtes. come in July date to He had promised one of the cmtes. to confirm the them today. Friday, May 22, 1970 - 2 - Massages forMr. Volcker 2:15 PM - Mary Ann Allin called to invite you to a meeting at 2:30 p.m. on Tuesday, June 2 (to last one hour or longer). The Secretary has asked some people from the Republican National Committee to give a confidential briefing on the campaign strategy for the November elections. Mary Ann has just started her calls for this meeting - she will advise the place when the time for the meeting has been made firm. (This will depend on how many will be avail- able - or can make themselves available at the 2:30 p.m. time presently set.) I have told her that your calendar is clear, except for the possibility of a Volcker Group meeting to start at 3:30 p.m. She indicated that if you cannot attend, you might send a representative; or, otherwise, you might attend part of the meeting. She suggested checking with her first before sending a representative. CAL. NOTED Is it all right to say you will attend the meeting (after she has confirmed)? YES NO OTHER 3:10 PM - Mr. Bergsten's secretary called. She mentioned the fact that Mr. Bergsten had suggested that the speakers imionaxtkit for the May 27 meeting of the Commission on Int'l. Trade and Investment (the Williams Commission) each have a prepared statement (you're scheduled for 4:00 p.m0 on that day). She asked whether you bring would/taka 40 copies of your statement along with you. Messages for Mr. Volcker - 3 - May 22, 1970 thing else, said 5:50 PM - Rose Cicala, when I called her about some invited Secy. had spoken to you about his trying to get you Tuesday, to the State dinner for the Indonesian President next light the 26th, because Treasury should be represented in the ng some of the debt rescheduling problem and the Secy. is taki group on a cruise on the Sequoia. Rose said they just got room at an answer this afternoon that there is just no more cancellation, this State dinner but, if there is a last minute they will add you. Rose said the Secy. does not know about to try this yet and she doesn't know whether he will want ing free. to do anything more but she asked me to hold that even Messages for Mr. Volcker - 1 Thursday, May 21, 1970 tentatively 9:20 AM - Mr. Weatherbee's office has/been informed that you will have lunch in the Secretary's Dining Room today. (The Secretary will be lunching in the Dining Room today.) Is this all right? YES NO 9:35 AM - The Secretary's Operator has confirmed that there will be a Staff meeting tomorrow (Friday) at 8:45 AM in Room 4426. 9:45 AM - Mary Harris called. return. ON CAL. She asked that we let her know when you The Secretary would like to talk with you. (2533) *10:30 AM - Secretary's Operator has just informed us that the Staff mtg. for 8:45 AM tomorrow is now cancelled. CAL, NOTED, 11:15 AM - Mr. Willis has asked that we put a "HOLD" on your calen dar for Tuesday, June 2 - at 3:30 p.m. to 530 p.m. - for a Volcker Group meeting; or, alternatively - on June 3, Wednesday, for 3:30 p.m. to 5:30 p.m. On the agenda, among other items, will be the discussion in the Fund on limited exchange flexi bility. Your calendar is clear. CAL. NOTED, 11:20 AM - Mr. Jurich called to say that he is seeing the Secre tary in his office at 10:00 a.m. tomorrow, Friday, to give him a report on what happened in Japan, and asked whether you might likok o sit in. Your calendar is clear. 1:30 PM - Mr. Petty called from Paris. ON CAL. I told him you were lunching outside of the building, and he said to just let it go then. (He is returning to Washington tomorrow -r at 4:30 p.m.) arriving at Dulles NOTE: May 21, 1970 - 2 - Messages for Mr. Volcker Mr. Westcott called and said I. G. Patel, Economic Planning Chief for India, will be visiting Washington and seeing Mr. Petty at 4:30 on Thurs., June 4, and has requested also to see I suggested 5:00 PM or as soon as he finished with Mr. you. Petty. Mr. Westcott said he didn't know what Mr. Patel wished to discuss but would send you a bio and whatever information he was able to get in advance. NOTE: On cal. Mr. Clift at the British Embassy called and said Mr. Aubrey Jones, Chrm. of the U. K. Natl. Board for Prices & Incomes, would be in Washington Monday thru Wednesday, June 15 - 17, and Mr. Clift thought you might have some interest in talking to Mr. Jones in the light of various proposals being made in the U. S. recently. I explained you'd be out of town on Monday and Tuesday but I thought you'd be back on Wednesday (Nantucket) and suggested 4:00 PM on Wednesday, June 17. On cal. 11:30 AM - Eugene Birnbaum called and said he has tried not to bother you but he feels, in the light of some of the stuff that has been published recently, he should get together with you. He is coming to Washington next week and said he would accommodate his time entirely to your convenience -luncheon or dinner, or whatever time you can suggest. You are free for lunch on Thursday. lunch with him then? Would you want to (I left him with the impression May 21, 1970 - 3 - Messages for Mr. Volcker that you have a terrible schedule next week and, although it's not so bad now, it may well turn out that way.) (552-8915) YES NO 2:45 PM - Mr. Hirschtritt called and said Mr. Wiecoorowski may be calling you about something and Mr. H. needs to talk to you before Mr. W. does. Also Mr. H. would like to talk to you about a matter re the Office of Private Investment. He needs to see you either today or tomorrow. I told him today was a bad day and it might be very late. I think tomorrow will suit him all right. NOTE: Sir Jeremy Morse is in town today & tomorrow and Mr. Mitchell's office had called some time ago about an appointment for him to see you. be in Paris. I put it off on the basis we thought you might Your cal. is pretty clear tomorrow. OK to call in the morning and arrange an appointment for Sir Jeremy? YES NO NOTE: to eat in Dr. Richebacher said he didn't know any good places him and Washington and asked if I could make a reservation for nK you at some really nice place. Since I couldn't think of one -- he's right off the bat, I suggested you meet him at his hotel somestaying at the Statler Hilton and suggested you come there Messages for Mr. Volcker - 4 - May 21, 1970 time between 12:30 and 1:00 on Saturday. I think I made a reservation for him the last time he was in town and wanted to have a meal with you, with him as host, and, as I recall, it was at the Madison. Since the Germans have plenty of money, how about my making a reservation for him at the Jockey Club Restaurant, at 2100 Mass. Ave. It is reputed to itaxmxkluaximaxt be the best place in town but you do have to have a reservation. YES NO Alternatively, how about the Watergate? - 1 - Messages for Mr. Volcker May 20, 1970 y would 6:00 PM - Mr.Clifford called from FNMA to say that Secy. Romne like to meet with the Board in the Board Room at 8:30 AM tomorrow morning instead of at 9:00 AM at previously scheduled. They hope you can be there. They also hope you can be at the Stockholders meeting starting at 10:00 AM at the L'Enfant Plaza Theater for at least during the 15 or 20 minutes it will take to introduce the Board members to the stockholders. you wish. You can leave after the introduction if They also hope you can attend the FNMA Board meeting at 2:00 PM. All of this raises some scheduling problems. I had lost track of the FNMA mtgs. and Mr. MacLaury had asked to schedule a meeting with you at 10:00 AM tomorrow on the draft of Secy's statement on the debt limit this coming Monday and time is of the essence because the Secy. is leaving for Chicago at 4:00 PM Friday. Snyder's draft of Secy's statement is in your action folder. Mr. MacLaury is committed to make some sort of talk and will be tied up from about 10:50 to 1:00 PM and again from 2:00 to about 2:30. There is also the Oil Policy Cmte. mtg. at 3:00 which either you or Mr, MacLaury will have to attend. If you come back right after being introduced to the stockholders, you could meet with Mr. Snyder & Co. on the debt limit without • • Messages for Mr. Volcker Mr. MacLaury. - 2 - May 20, 1970 Alternatively you could meet with the whole group whenever the Oil Policy mtgo is over in late afternoon. Mr, Geng said he had no comments to make on the material for tomorrow's FNMA Board mtgs. (material in Action folder). The material for the OPC mtg. is also in Action folder, as are some other fairly urgent items. There are also some interesting things, especially from Liebling, in the Information folder and some interesting things in the News Items folder. M2ssages for Mr. Volcker - 1 - Tuesday, May 19, 1970 10:00 AM - Mr. Mack's office called to say that an Oil Policy Committee meeting is scheduled for 3:00 p.m. on Thursday, May 21s t, in Room 326, EOB Annex, and asked whether you were free then . I told them we could not confirm until Thursday morning, since there is the possibility that you might not retu rn from Sun Valley until late Thursday night. CAL. NOTED. 10:30 AM - Dr. Kurt Richebacher called from San Fra ncisco. He said he was going to be in Washington on Saturday and Sunday, May Sliotit 23-24, and Thursday and Friday, May 28-29 and had one question to ask which was could you see him during either of the above periods. mentioned is clear. Your calendar for the days I told Dr. Rthchebacher you were presently away and would convey his message to you. He can be reached through the New York branch of the Dresener Bank. **Enclumithatxgimmxmax/kExtRiimiummundoexxatxtimxtim mxxximill 10:40 AM - Bill Simon of Salomon Bros. call ed and said he would like to chat with you sometime 4=1 OM no rush. He knows you are out of town and will be here only briefly this afternoon before going to Sun Valley to speak and may not be back in the office until Friday. NYC - 422-8700 Messages for Mr c Volcker - 1 Mondayaz May 18, 1970 - 9.20 AM - We have informed Mr. Weatherbee's office that you will be having lunch in the Secretary's Dining Room toda y 9:30 AM - Mr. Finkel called c He would like to talk with you for about 5 minutes (hopefully before you leave for Hot Spri ngs) about the External Debt Task Force° (2067) 10:25 AM - Dr. Wallich called from New Haven, Conn c call be returned. (A.C. 203 - 436-8390) He asked that his Messages for Mr. Volcker ** 1:10 PM - Mr. Mayo called. (103-4840) - 1 - Friday, May 15j 1970 He asked that hiicall be returned. ** Mr.Mayo cancelled this call at 1:45 PM. 1:50 PM - John Nolan called from New York - returning your call. He is returning to Washington and expects to be in his office either 3:00 or 4:00 pm. NOTE: David Lake called to say that he had spoken with Mr. Nolan - and to ask whether you were attending the 2:00 p.m. meeting at the White House concerning tax on lead and gasoline. I told him I would try to contact you at the Fund - but he suggested that he might first call the White House to determine whether they had word as to whom might mlialt be attending. 2:20 PM - Henry Fowler called from New York. returned. He asked that his call be Oper. No. 6 (N.Y.) A.C. 212-676-8322. 3:35 PM - Mr. Carlock called with the message that the House Ways & Means Committee is putting out a press release announcing that the Public Debt hearings will be on May 25 9 (Monday). 4:00 PM - Mr. Geng and Mr. Cook would like to come in to see you. (5806) 4:25 PM - Mr. Kearns called. (128 - 21131. He asked that his call be returned. Messages for Mr. Volcker 4:45 PM - Mr. Widman called. - 2 - Friday, May 15, 1970 He would like about 5 minutes with you to discuss the OECD Ministerial. (2896) Messages for Mr. Volcker 2:10 PM - Mr. Gannon stopped by. - 1 - Thursday, May 14, 1970 He said he is going to Hot Springs with Dr. Walker on Sunday - for the three days. Since he has worked with the ABA Monetary Conference3in the past, he wondered whether there was anything relating to this one that he could be of Hki help with. (2446) 2:15 PM - Secretary Romney called. He asked that his call be returned. (138-6637) 2:30 PM - Secy's Operator called and said Dr. Walker will hold Staff meeting at 8:45 tomorrow morning. 3:10 PM - On cal. Harold Cameron of Toronto and New York called. He said he hadn't talked with you for several years - and wanted to have a few international minutes with you to discuss the general/monetary situation -particularly the Canadians. tomorrow. He is going to be here today and I explained that you were away from the office at the moment - and asked whether he would like to talk with mr. MacLaury in your absence. He asked that I leave word that he called to say hello; his call was transferred to Mr. MacLauryo 3:20 PM - Mr0 Petty would like to see you this afternoon re countervailing duty action about to be taken against France. He & Rossides will be seeing Secy0 at 3:30 on Monday to brief him (you'll be in Hot Springs). • Messages for Mr. Volcker 5:15 FM - - 2 - Thursday, May 14, 1970 Mrs. Johnson of the National Corporation for Housing Partnerships called to extend an invitation to you and Mrs. Volcker to attend a victory celebration for the funding of their partnerships (she said you would understand) at 5:00 p.m. tomorrow (Friday), May 15, at 1133 - 15th St., N.W. (the FNMA Headquarters building). Your calendar is clear. No RSVP is necessary. CAL, NOTED. (466-8200) 6:30 PM - Dr. Walker has cancelled the 8:45 AM staff tomorrow -- he has an 8:00 AM appointment. Wednesday, May 13, 1970 1 - Messages for Mr. Volcker 9:30 AM - Mr. Willis stopped by. He said he or Mr. Curtis will attend a meeting at 2:30 p.m. this afternoon at the Bureau of the Budget on SDR Statistical Treatment and need desperately to see you before that meeting because there is still more or less an unbridgeable gap between your point of view and the Fed and Commerce - and Mr. Willis feels that he doesn't think he can sell ime/your point of view. He knows you will be at Commerce all morning and at the Fed for lunch. I suggested that he and Mr. Curtis be on standby just after 2:00 p.m., when you might be returning from the Fed. (ft.. Willis has an outside luncheon. If he hasn't returned in time, Mr. Curtis will come in.) (Mr. Willis - 5334; Mr. Curtis - 2386) 9:40 AM - Bob Rivel, Chase Manhattan, called. His call was transferred to Mr. MacLaury. 10:15 AM - Secretary Romney called. His secretary gave him the message that you would be away from Treasury until shortly after 2:00 pm, and she said the Secretary would call back. 10:30 AM - Mr. Hunter is coming in at 9:30 a.m. tomorrow morning (Thursday) to say goodbye. NOTE: ON CAL. He is seeing the Secretary at 2:30 p.m. this afternoon; and Dr. Walker at 3:00 p.m. today. 10:30 AM = Mr. Dale called re seeing you on the So. frican drawing. I gave him 10:00 :',14 tomorrow and, at his suggestion, advised Mr. Nelson about the meeting and suggested he might attend. - 2 - Messages for Mr. Volcker Wednesday, May 13, 1970 called to 11:25 AM - As you had suggested to Mr. Weidenbaum last night, he see whether he might come in to see you sometime this afternoon. I have given him 2:30 p.m. (on standby). ON CAL. 11:30 AM - Ralph Leach of the Morgan Guaranty Trust called. His call was transferred to Mr. MacLaury. 1:30 PM - Thomas McAvity, an Associate on the Study Teamof McKinsey & Coe the firm consulting with Mr. Petty on the OASTA reorganization, (Mr. McAvity) called to say that Mr. Petty had suggested that he/and Bruce Rohrbacher, Director of the firm, meet with you to get zation, your thinking on the reorganization study and the organi itself. 1,11 L 40(1 14i160- He asked for about an hour - and I have given him ;0 on Monday, May 25th, tentatively - subject to con- firmation. Mr. McAvity said Mr. Petty had indicated that he VrC7°1&" S'r (< would not attend this meeting. YES Is it all right to confirm? NO OTHER (I had told Mr. McAvity that you had tentative out-of-town plans (Paris) for Thursday and Friday (May 21 - 22). If this trip did not mateEalize, I would call him and arrange an earlier appointment with you. Also, you do have some free time on Friday, May 15, but the McKinsey firm had out-of-town plans.) (Mr. McAvity - 223-9120) IMI, •=11 I told Mr. Petty's office of this tentative appointment is free to sit in if you would like him to do so. nc _ 3 _ Messages for Mr. Volcker )May 13, 1970 Wednesday 4:45 FM - Ambassador Taxwell (South Africa) called to say that he is giving a completely informal dinner (12-14 people) on Tuesday, May 19, at 8:00 pm and extended an invitation to you and Mrs. Volcker to attend. The guest of honor is Dr. Marais, President of the Trust I told the Ambassador you were speaking in Bank in South Africa. Hot Springs, Va. on the morning of the 19th; and in Sun Valley and on the morning of the 20th --/that I would extend the invitation to you. Is it all right to regret for you and Mrs. Volcker? NO YES (Soc.Sec. - 9-232-1814) 5:15 PM - Peter Flanigan's secretary (Marge McFadden) called to say that morning (1) Mr. Flanigan is lining up/a meeting tomorrow/dealing with the budget problems - at 8:30 a.m. in the Roosevelt Room (in the West Wing of the White House, just outside the President's Office, which he is inviting you to attend. Those attending will be: Dr. McCracken, Mr. Mayo, Secretary Schultz, Secretary Stans, Dr. Burns, John Erlichmann, Peter Flanigan and you. 4M. ON CAL. (2) Another meeting is scheduled for 11:45 a.m. for this same group to meet with the president to discuss the same subject. Note: 4M, ••• ON CAL. Miss McFadden said it is anticipated that each of the above meetings will last about 45 minutes. The meetings couldn't be backed up because of the President's calendar. "folA Y Messages for Mr. Volcker 5:35 PM - Mr. Geng called. - 4 - Wednesday, May 13, 1970 He asked that we let him know when you have returned from your meeting so that he might come in to see you. (5806) 5:45 PM - Mr. Widman called. He said that he has tentatively cleared the language in the economic growth paragraph of the OECD communique with the words "due regard for" out. toRigktxtkisxway. nuaxulmmumilvogxwiiixguxulat Mr. Widman said further -- "We will have a further crack at the communique next week, and if you find this language unacceptable you should call McCracken." NOTE: Miss Minton at the Iranian Economic Mission called to extend an invitation to you and Mrs. Volcker to an informal dinner fl Dr, and Mrs, Amuzegar (he is head of the Mission) are giving for the McCrackens at 8:00 PM on May 28th at their home, 4. Cal. is clear. can do or not as you wish, This is something you (654-7930) ACCEPT REGRET / / Messages for Mr. Volcker - 1- Tuesday, May 12, 1970 10:35 AM - Mr. Dale called. He asked for about a half an hour with you today /to discuss South African gold. I told him you were working on the material for the Secretary's appearance on the Hill this afternoon - and of the possibility that you might accompany him. Mr. Dale has a 4:30 p.m. meeting* which he said would not last very long. see him. NOTE: I told him we would call when you could (181-3067) You will be leaving Treasury about 5:45 pm to board the XEQUOIA at 6:15 p.m. this evening. 12:05 PM - Raymond O'Keefe of Chase Manhattan Bank called. his call be returned. He asked that His secretary was unable to say what it was Mr. O'Keefe wantedto talk with you about. (A.C. 212 -552-4001) NOTE: Mr. O'Keefe will be in his office until 4:30 p.m. today; he will be out of town tomorrow. Messages for Mr. Volcker - 2 - May 12, 197u 5:00 PM - Bob Solomon called & would like you to call him. 147 - 238 5:20 PM - Mr. Geng would like to see you when you return. 5:25 PM - Since I hadn't heard back from Catherine as to whether or not there would be a Fed lunch tomorrow, I called her. She checked and said Chrm. Burns felt he needed all the time he could have tomorrow preparing for some testimony on Thursday and he could not host the lunch but they would see if Robertson could do so. She called back and said Robertson was not free to host the lunch either and the best they could do would be a staff lunch. I checked with Mr. MacLaury and asked if I should suggest that they see if Gov. Daane might host the lunette. Mr. MacLaury thought this would be a good idea so I called Burns' office; Catherine had gone home and the girl who was there tried to call Gov. Deane but he and his secys had gone home. She said she would leave word for Catherine to check with Daane in the morning and let us know. • 1 Messages for Mr. Volcker 9:10 AM - Alan Holmes called. Monday, May 11, 1970 His call was transferred to Mr. MacLaury. 9:15 AM - Mr. Weatherbee's office called to say that lunch in the Secy's Dining Room will be at 12:30 p.m. today, rather than the customary 1:00 p.m., since the Secretary has to be at the White House at 1:30 p.m. I have said that you will have lunch at 12:30 p.m. today in the Secfetary's Dining Roam. Is this all right? NOTE: NO YES Chairman Burns will not lunch in Treasury today. 10:00 AM - Mr. Widman called. He asked whether he could see you for prepared about 15 minutes concerning the OECD Ministerial Papers had by Mr. Kate of the StatemER Department on which Mr. Widman made written comments. (This paper is being sent to you through Mr. Petty this morning.) I suggested that Mr. Widman come in at 1:30 p.m., on your return from lunch. YES NOTE: Is this all right? NO Mr. Nagorski said you will have an audience of about 65 this evening, including bankers and financial people, lawyers, and a few others. He said Robert Roosa will chair the meeting and, among the few names he mentioned that I recognized were Charles Berg, former Under Secy. of Defense & Secy. of Navy; John McCloy; Irving Friedman, Leo Model, Christian Sonne, Mr. Nicholas, of Columbia, J. Costanzo, VP, FNCB, Fred Deming, Sr., Thompson, V/P., of the Rockefeller Foundation. and Kenneth He said they would Messages for Mr. Volcker - 2 - May 11, 1970 be sure and finish in time for you to catch the 10:00 PM Shuttle if you have to come back to Washington to testify. He said in any event they normally finish by 9:15 PM. available 10:30 AM - Mr. Clary, at Commerce, called to ask if you would be for the Q&A period to follow the talks at the meeting Secy. Stans has called with 500 business executives at Commerce running from 9:15 to 1:00 PM this coming Wednesday. You are the third of four Govt. officials scheduled to speak from 9:45 to 11:00 AM. The Q. & A. period for all speakers is from 12:30 to 1:00 PM. I told him we had all of this on the calendar and, unless something unexpected interfened, we expected that you would. you. He asked me to check this out with OK to tell him you will be there for the whole session? (189 - 4678 YES NO F Messages for Mr. Volcker Friday, May 8, 1970 9:10 AM - Oakley Hunter called to ask whether you had any free time this morning to get together with him. He said Secretary Romney had called him to tell him that he had talked with you and the Secretary suggested the meeting. I gave him 12:00 noon. Mr. Hunter said he would come to your office. He asked that he be called should any conflict arise which might result in a time change. Is it all right to confirm? OTHER YES NO (9-293-6060) 9:25 AM - Mr. Weatherbee's office has informed us that the cook is in today -- and whether the Secretary's Dining Room is opened for lunch will depend on whether or nor you will lunch there, since the Secretary will not be here and Dr. Walker is having his efr' lunch at his desk. Shall I inform them that you will will not Room? 5 (3 have lunch in the Secretary's Dining (5391) Messages for Mr. Volcker - 2 - 9:35 AM - - REMINDER FROM MR. PETTY: Friday, May 8, 1970 Call Don Webster. 11:35 AM - Joe Slevin called and said, with MacLaury & Geng both away, he wondered if he could have 3 or 4 minutes with you on the phone on the market before he writes his Letter. 393-6686 Vg3x060M May 8, 1970 - 3 - Messages for Mr. Volcker to invite you to the dinner cruise led cal ice off s th' Smi Mr. 12:45 PM hosting for members of on the Sequoia that the Secy is y, May 12th. the Senate Finance Cmte. on Tuesda Invitees Pier 1, the Navy Yard, are to board the Sequoia at 6:15 at re will be cocktails the ship will sail at 6:30, and the and dinner served about 8:00. Your cal. is clear. OK to accept. YES NO 2:25 PM - Mr. Dale called again. couple He said all he needed was a gs; you to discuss the U.S. drawin of minutes over the phone with in sometime this afternoon and he would also like to stop ter. to discuss the South African mat Ed Gordon anticipates ce meeting should be over by that the Debt Service Task For ask Mr. Dale to stop in then? to ht rig all it Is . p.m 0 0 3'.YES (181-3067) NO OTHER - 4 - Messages for Mr. Volcker Friday, May 8, 1970 4:00 PM - Manfred Ortner, Financial Secretary nixtx at th2 Austrian Embassy called to say that he had gotten a cable from Wolfgang Schmitz, President of the Austrian National Bank, informing him that he will be in Washington on Thursday and Friday, May 21-22, and would like to have a talk with you on Friday morning, May 22, if possiblec I told him there was a possibility of your being away from Washington on both Thursday and Friday (tentative Paris trip), and mentioned the fact that you were speaking at the ABA Monetary Conference at Hot Spring on the morning of Tuesday May 19 04mrida*). Mr. Ortner said Mr. Schmitz will be arriving at the Conference at Hot Springs on Sunday afternoon, May 17i, and seemed to think it very likely that he might have a few minutes with you there. I suggested to Mr. Ortner that he might call us on Thursday, the 21st, in the event Mr. Schmitz did not talk with you at Hot Springs -- and we might have more information on your trip plans at that time. (9-483-4474) 4:30 PM - Mr. Mayo called. He asked that his call be returned as soon as possible. -(103 - 4840) Building 4:35 PM - Mr. Hayes' office Q'Superintendentii) called with the information that the Treasury Building will be open and entrance can be made as a normal process -- as any other Saturday. The only problem will be identifying yourself at the various check (continued on p.5) •ft - 5 - Messages for Mr. Volcker Friday, May 8, 1970 4:35 PM - (Message from building superintendent's office continued points on the street -- which will be cordoned off from 6:00 a.m. on Saturday -- from iiitk 15th & Penna. Avenue to 17th & Penna., and north to H Street. It has not been determined as yet where south the cordon will extend. She said Alexander Hamilton Place would be open for patting at the Secretary's entrance. Paul McDonald is going to send up some documents for you and me (Mae) and will give a set to Mr. Morrow to be used in getting through the check points. There will be a check point at the 15th St. entrance to Alexander Hamilton Place, and it is Mr. McDonald's understanding that you can drive down Alexander Hamilton Place and up East Executive in order to enter the Secy's entrance. Mr. McDonald said if you or I have any problem getting to the Treasury at all, stop and phone the Lieutenant of the Guard thru the Secy's Operator and tiliaxR they will be able to help. NOTE: Mr. Willis would appreciate it very much if you can look at the new memo on the statistical treatment of SDR's that he sent you this week (it is in one of your Action folders) and let him know your reaction on Monday. He is planning to be away on Tuesday (in Boston for the Fowler House dedication) and there is a meeting scheduled for Wednesday on this subject, • Messages for Mr. Volcker May 8, 1970 - 6 - 5:00 PM - Mr. Cook called and said they can find no financing in the '30's in which there was a failure or a 100 percent allotment. The Victory Loans in World War II were open loans with goals set and exceeded. The same was true of the Liberty Loans in World War I, where the subscriptions were higher than the goals. However, they are still looking in case they've overlooked anything. He added that Til Gaines in his book mentions failure.;in the Civil War but does not mention any since. Messages for Mr. Volcker 8:55 AM - Mr. Petty called. - 1 '" Thursday, May 7, 1970 He would like 5 min. with you, if possible before you leave for the 9:30 AM National Gallery of Art mtg. this morning. (2522) 9:00 AM - Mr. Holmes called. NOTE: He asked that his call be returned. Mr. Tanner was asking how sonn he had to get a draft of your testimony on DISC to you and when yere you going to testify on this at the trade hearings. I had heard about it. I told him this was the first I checked with Jim Smith's office and was told that a letter came in late yesterday to the Secy. from the Ways & Means Cmte. saying they were going to begingtheir public hearings on May 11th (next Monday) and wanted to extend anformal invitation to the Secy. to appear and present testimony. Mr. Smith's secy. said he was not in the office but she would check with him -- and she mentioned that he and Mr. Englert usually I coordinate arrangements on who is to testify & when, etc. asked Mr. Englert what he knew and he said it had been his understanding that Treasury would not testify until late in the hearings, which were expected to last several weeks. He went to Mr. Smith's office and read the letter from the Ways & Means and reported that it sounded like Treasury would be testifying next week. He later talked to Mr. Smith and said Mr. Smith seemed to think Treasury would be testifying next week but he had to work out the details. I had already given )74. Messages for Mr. Volcker May 7, 1970 - 2 - Mr. Smith's secy. your schedule for next week, adding that it looked as though, Monday morning was the only good possibility unless the public debt hearings were not going to start on Friday or, if they were going to start, you would not be involved. I'm trying to find out about this. In the meantime, I told Mr. Tanner what I had found out and suggested he get the draft of your remarks on DISC to you this evening. 12:10 PM - Mary Harris called & said if you return before ten of 1:00, the Secy. would like to speak to you before he goes to a lunch out of the building. 12:15 PM - Mr. Derek Mitchell's secy. called to invite you and Mrs. Volcker to a small black tie dinner they are giving at their home at 8:00 PM on Wednesday, May 27. She said it was for no special reason -- they're just inviting a few people including you and the McNamaras. Cal. clear. OK to accept? YES NO 12:20 PM - Mr. Holmes called and said he will be at lunch from 1:00 to 2:00 in the dining room at the Fed and then at a Directors meeting from 2:00 to roughly 3:15 or so, but he can be reached at any time 12:30 PM - Mr. Carlock called and has a report for you whenever you return. _ 3 _ iqessages for Mr. Volcker Thursday, May 7,1970 1:30 PM - Mr. Petty called to ask for about 1/2 hr. to 3/4 hour for him and Mr. Kearns to meet with you today on the trade message - and particularly, DISC. I gave them 5:30 p.m. 3:10 PM - Bill Ross returned your call. ON CAL. 9 (293 - 6066) 3:15 PM - Mr. Geng called from White Sulphur Springs. I told him you had a foreign visitor; he said he would call back later. 3:25 PM - Mr. Geng called again. He said he was going to be talking with the market people in the morning and wondered whether you had a message for him. (He has talked with Mr. Carlock.) I told him you had another visitor coming in at 4:00 p.m., and he asked that his call be returned before then should your present visitor leave before then. 1=PHONE: 304-536-1110- 2244. 3:35 PM - Chairman Burns' office just called to say that Alexandre Hay, who had been expected in his office at 2:30 p.m., had just arrived; and, consequently, he would be late for his appointment with you. He will be here about 4:30 p.m. instead of 4:00 p.m. Cal. Noted. 3:40 PM - Ed Gordon called to say that the Special Task Force on Debt Service will meet in Room 4121 tomorrow (Friday - May 8) at 3:30 p.m. CAL. NOTED He is sending a list of those expected to attend. 0 0 Messages for Mr. Volcker 4:50 PM - Secy, Romney called and (call thru White 1-16 4 May 7, 1970 ould like you to call him. Operator - 145 - 1414. 5:00 PM - Mr. Ddle called and said you had spoken of seeing him sometime around 5:00 PM or a little after. Explained your situation and he suggested we call him if you have a free minute, 181 - 3067 5:30 PM - Woodward Kingman called & would like you to call him. will be in his office until 6:30 or 7:00. He 138 - 56524 5:35 PM - Mr. Houthakker called and would like you to call him tomorrow. (I explained you were jammed up and had to host a dinner starting at 7:00.) 103 - 5046 Messages for Mr. Volcker lo:45 May 6, 1970 M - Mary Harris called and said Derek Mitchell is coming in to see the Secy. at 3:30 PM tomorrow before going to Europe and Mary thought you might want to sit in. You have Irmler, of the Bundesbank, coming to see you at 3:00 and Alexandre Hay at 4:00. I checked with Nisenson and he seemed to think half an hour with Irmler would be sufficient. Will note the Derek Mitcheillappt. on your cal. NOTE: At Mr. MacLaury's suggestion, the invitation to lunch at the Federal Reserve Board at staff level has been declined. Mr. MacLaury is attending the Alexandre Hay luncheon by Mr. Lempen; Mr. Geng's plans did not allow for acceptance. (Messrs. Carlock, Cook and Snyder informed.) 1:30 PM - Allen Holmes called and would like you to call him when you return. He said it wasn't urgent -- and he knows you may not be back until late afternoon. 2:15 PM - Mr. Liebling stopped by on Monday and wanted to see you on a personal matter. out from under." I asked him if it could wait until you got He said it could. He hasm now renewed his request and wonders if he might see you late this afternoon. tfI!W.': - 2 - Mr. Volcker Wednesday, May 6, 1970 to either talk with you on 3:05 PM - Mr. Dale called. He would UErJ this afternoon about U.S. drawings the phone/-- or come in to see you from the Fund.(181 - 3067) 3:10 PM - Nat Samuels called. He asked that his call be returned. (101-20410) 4:00 PM - Mr. MacLaury has informed us that there will be a briefing on EFA (Environmental Financing Authority) in the Secretary's office tomorrow morning (Thursday, May 8:30 which you have been invited to attend. Attending also, and I be Messrs. MacLaury, Snyder,/Cavanaugh. ON CAL. 4:30 FM - Congressman Widnall called. from the Floor. He had returned to sSce He office said he would be returning to the Floor a•gain - and suggested that we call to let them know when you have returned. (180-6) 4:45 PM - The Secretary's Operator has informed us daat the Secretary's Staff for Friday, May 8, has been cancelled. NOTE: I've rescheduled Ralph Young for 10:00 AM Friday. would only need ithati five minutes. CAL. NOTED. He said he 1 Messages for Mr. Volcker 9:30 AM - Senator Eagleton called, 4,41' 9:35 AM - (180 Tuesday, May 5, 1970 He asked that his call be returned. 21) Rose Cicala called and said Secy. is having a review session in his office at 4:00 this afternoon in preparation for his testimony on the IMF, IBRD, ADB tomorrow morning and Rose asked if you could attend. I told her I would tell you about it and put it on ;your calendar. 9:50 AM - Mr. Weatherbee's office called to ask about your plans for lunch today. I told her I'd let her know as soon as we got things sorted out. I checked and Bruce MacLaury left Camp David with Gov. Wormser in a Treasury car shortly after 9:30 AM, so he should be back by 11:00. Lorraine says Mr. MacLaury doesn't have luncheon plans for today, so he shuuld be able to take Mr. Kirbyshire to lunch; she'll let me know for sure when he gets back. Assuming ;you're off the hook on Kirbyshire, shall we assume you'll lunch at your desk or do you want to lunch in Secy's Dining Room. Rose says, so far as she knows now (10:30 AM), Secy0 will lunch in his Dining Room. She said she'd let me know if he changes his plans. EAT AT DESK EAT IN SECY'S DINING ROOM - 2 - Messages for Mr. Volcker Tuesday, May 5, 1970 10:45 AM - Mr. Jurich called to say that he was seeing die Secretary at 21;30 p.m. this afternoon and wondered whether you might like tS sit in. He said this would be a fill-in by the Secretary S n his Japanese visit. (He knows of the priorities you have today, and said that he wpuld like 5 minutes with you, if yS u can't make the 2:30 p.m. meeting with the Secretary, just to discuss some loose ends before he takes off on his Asian trip at about 3:00 p.m. this afternoon.) 10:50 AM - Congressman Widnall called, returned. 5264. He asked that sSc be His secretary indicated that it had to IS with g on Thursday the dinner you are hoslin• •night at the Madison fI r the Congressmen, Bernard Bell (IBRD Dir, in Indonesia) and Mr. Wiezorowski. (Mr. Widnall will be away from his office from 1:00 p.m. for several hours; he is leaving Washington at about 3:30 p.m. this afternoon, but will be back in his office tomorrow morning.) 180 - 4465 _ 3 _ Messages for Mr. Volcker IS PM - Nat Samuels called. Tuesday, May 5, 1970 He asked that his call be returned. (101-20410) His call was transferred to Mr. Geng. 5:02 PM - Mr. Holmes called. 5:35 PM - Dick Burris called. SubCommittee went He left the message that the Senate g•alon with "our" draw -down proposal on the Railroad Retirement Act. Mr. Burris will be in his office until 6:00 p.m., or a little after, should you want to talk with him. (145-0) - 1 - Messages for Mr. Volcker May 6, 1970 lo:45 AM - Mary Harris called and said Derek Mitchell is coming in to see the Secy. at 3:30 PM tomorrow before going to Europe and Mary thought you might want to sit in. You have Irmler, of the Bundesbank, coming to see you at 3:00 and Alexandre Hay at 4:00. I checked with Nisenson and he seemed to think half an hour with Irmler would be sufficient. Will note the Derek Mitchell appt. on your cal. NOTE: At Mr. MacLaury's suggestion, the invitation to lunch at the Federal Reserve Board -- at staff level -- has been declined. Mr. MacLaury is attending the Alexandre Hay luncheon by Mr, Lempen; Mr. Geng's plans did not allow for acceptance. (Messrs. Carlock, Cook and Snyder informed.) 1:30 PM - Allan Holmes called and would like you to call him when you return. He said it wasn't urgent -- and he knows you may not be back until late afternoon. 2:15 PM - Mr. Liebling stopped by on Monday and wanted to see you on a personal matter. "out from under." I asked him if it could wait until you got He said it could. He hasx now renewed his request and wonders if he might see you late this afternoon. 0 Messages - 2 - for Mr. Volcker Wednesday, May 6, 1970 3:05 PM - Mr. Dale called. He would like to either talk with you on this afternoon the phone/-- or come in to see you -- about U.S. drawings from the Fund.(181 - 3067) 3:10 PM - Nat Samuels called. He asked that his call be returned. (101-20410) 4:00 PM - mr, MacLaury has informed us that there will be a briefing on EFA (Environmental Financing Authority) in the Secretary's office tomorrow morning (Thursday, May 7), at 8:30 A.M., which you have been invited to attend, Attending also, and will be Messrs. MacLaury, Snyder,/Cavanaugh, ON CAL, 4:30 PM - Congressman Widnall called. from the Floor. He had returned to his office He office said he would be returning to the Floor again - and suggested that we call to let them know when you have returned. (180-0) 4:45 PM - The Secretary's Operator has informed us that the Secretary's Staff for Friday, May 8, has been cancelled. NOTE: I've rescheduled Ralph Young for 10:00 AM Friday, would only need Jihad five minutes. CAL, NOTED, He said he ,May 4-5 Monday-Tuesday. - 1 - Messages for Mr. Volcker 9:10 AM - Mr. Schaffner called. He said it was important he see you for about 116 minutes as soon as possible on the President's 2:45 pm Trade Message. I gave himi2m800pc.w. on Tuesday, May 5. ON CAL. 11:15 AR - Dorothy Reed, Secretary to Mr. Houthakker, called to extend an invitation from Mr.. and Mrs. Houthakker to attend a formal ..ete buffet dinner,4(no special occasion) at their home, on Saturday, May 23rd, at 8:00 p.m., to you and Mrs. Volcker. , Your calendar for SaturAay evening, May 23, is clear -- except for any contingency meeting or travel in connection with the OECD Ministerial Conference in Paris (Wed-Fri., May 20-22). Do you wish to accept MD GIB regret for yourself and Mrs. Volcker? RSVP: Dorothy Reed - 103-5046. 3:05 PM - Donald Miller of the Continental Bank of Chicago called to talk with you or Mr. MacLaury about the financing. 3*RR was transferred to Mr. G Hie call ng. 4:05 PM - Paul Uhlin and his associate, Herb Anderson, of the United California Bank, Los Angeles, stopped by to say hello. NOTE: Mr. Patterson checked for a time you might see another prospect for OASIA staff on Friday - Jerry Adams, A.)soc, Prof. at Wharton & Exec. Director of Wharton Forecasting; was formerly T-3 man at CEA. a_ Expect resume before he comes. Gave him 10:15 on Friday. Messages for Mr. Volcker - 1 - April 30, 1970 11:30 AM - Mr. Samuels called & would like you to call him. 101 - 20410 11:45 AM - Mr, Brumley's office called to ask if you could attend a meeting in Dr. Walker's office at 2:30 today to talk about the contents of the speech they have to write for the Secy to deliver to the Business Council next week, I said if your press briefing at 1:30 was over and you had had your lunch before then I saw no problem. On cal. 12:20 PM - Donn Smith called and said they had a reply back from Tokyo saying Gov. Sasaki does not wish any other meetings at Treasury if he cannot see Secy. Kennedy. Therefore, we have scratched your appointment with Sasaki. 12:30 PM - Dr. Walker's office called to say that the Secy. & Dr. Walker are lunching in Secy.'s dining room today with Reed Hunt and would be glad to have you join them if you are free. I explained your situation and said I knew you'd be sorry because you would be interested in meeting Mr. Hunt. NOTE: In view of Gen. Lincoln's call, do you think you should attend the Oil Policy meeting at 10:30 on Friday instead of Mr. MacLaury. If so, I should shift Ralph Young's 11:00 AM appt. and also the 11:30 appt, I gave Mr. Wolfgang Pohle, of the German Bundestag, Messages for Mr, Volcker Thursday, April 30,1970 - 2 to do with the 3:45 PM - Mr. MacLaury stopped by with a question having Secretary's testifying on EFA (Environmental Financing Authority) before the Sub -Committee on Air & Water Pollution Senate Cmte. on Public Works at 10:00 a.m. on Thursday, May 7th. Does Mr. MacLaury need to count on being here to accompany the Secretary on this testimony (he has had a lot to do with it)? YES NO If your answer is YES, this creates a problem for Mr. MacLaury since he has planned on attending the IBA Conference at White Sulphur Springs (the Greenbrier) -- with Mrs. MacLaury. If you would like to accompany the Secretary to the Hill, this solves Mr. MacLaury's problem. NOTE. On your calendar: (5848) You are scheduled to attend the Annual Meeting of the Board of Trustees, National at 10:00 a.m. on May 7th, Gallery of Art/; you have also accepted Carter Brown's invitation to lunch at the Gallery with Paul Mellon and the other Trustees; with the meeting continuing after lunch. NOTE: Lee Cohn is scheduled for 4:00 tomorrow. 6:00 PM - Mr0 Flanigan's secy. called and said he asked them to call everyone and remind them to be sure and listen to the President's speech tonight at 9:00. She also asked for your home phone, which I gave her, and asked, if you leave for any other number than your office or home, that you Messages for Mr. Volcker - 3 - April 30, 1970 please phone Mr. Flanigan's office -- 456-2361 -- and let them know at what phone number you can be reached, just in case they need to reach you. Messages for Mr. Volcker - 1 - April 29, 1970 9:30 AM - Mr. Knorr called and said he needs to have you make a phone call to Senator Thomas Eagleton (D., Mo.) sometime this afternoon on railroad retirement -- before a 10:00 AM meeting on the Hill tomorrow morning. Mr. Knorr wants to explain the situation to you when you are free. 2851 1:40 PM - Mr. Cohen called to say that he had had a further call today from the White House on the speed-up of the collection of excise taxes and needs to see you this afternoon. 4:00 PM. I gave him ON CAL. 3:15 PM - Ralph Young called and asked when he might come in and see you for 5 minutes when you have some leisure time. He wants to leave with you a paper on U. S. monetary regulatory instruments that he said was prepared by the IMF and himself that he thinks you will be interested in knowing about. (He is also doing the same with Dr. Walker; Blanche told me about it because she thought he wanted to see you and not Dr. Walker, but it turned out he wanted to see both.) I gave him 11:00 on Friday; he promised to make it brief. - 2 - Messages for Mr. Volcker 4:10 PM - General Lincoln called. Wednesday, April 29, 1970 He asked that his call be returned. (395-5864) 4:15 PM - Mr. Hirschtritt would like to report to you what the Secy. said. 5:00 PM - Mro Samuels called and wculd like you to call him. 101 - 20410 5:10 PM - Mr. Mann's office called to ask if you could attend a meeting tomorrow at 2:30 PM in Mr. Mann's office, with Messrs. van tiOt 5A Dusen, Stein, and Preston Martin on Emergency Home Financing -IrO C °14?t4A VITP 14 tt Act strategy. calendar. I told her that looked all right from your Rm. 246 E0B. On cal. I've alerted Mr. MacLaury, so he can give you any necessary briefing and papers you may need. NOTE: Mr. Morrow will be on leave tomorrow and Ronald Colman will be driving you. 5:30 PM - Gen0 Lincoln called again and would like to talk to you. nx2Sx2Mxxx 6:00 PM - Mr. Geng would like to see you. He has gone over the material sent for FNMA Board mtg. tomorrow & doesn't think there is anything particularly important coming up but is prepared to discuss with you. He also wants to talk some about immediate reactions on the financing. 6:15 PM - Mr. MacLaury needs to see you. If he is to take your place at the HUD mtgo tomorrow, he needs to make a name change in the Secy's remarks, (see attached agenda Achenbach did at my request). Messages for Mr. Volcker - 3 - April 29, 1970 6:25 PM - Mr. MacLaury said Gen. Lincoln called him and said he'd been trying to reach you and wanted you to know he had written a letter to the Secretary, two pages long, apparently complaining about depts. sending underlings to the Oil Import Policy meetings. MacLaury said Lincoln said he was calling him (MacLaury) to sayxkaxwax it wasn't aimed at MacLaury but at other agencies but he had to send to Treasury as well. Messages for Mr. Volcker - 1 - April 28, 1970 11:40 AM - Mr. Hirschtritt called and would like to speak to you on the phone about some press inquiries he has received as a result of an article in the NY Time today on the Indonesi an debt settlement arrangement, which has elicited some question s about some memos the Secy. wrote and what we are doing abou t the debt program and the Rockefeller report, etc. 2803 11:55 AM - Mr. Bergsten called and would like to speak to you on the phone. 103 - 5026 12:05 PM - Miss Naylor in Mr. Van Campenhout's office called to you & Mrs. Volcker extend an invitation to/a Ai black tie dinner he is giving at 8:00 PM on Thursday, May 14th, at his home, The dinner is not being given for any special occasion. You had accepted the invitation to the Indiana Bankers Dinner that evening but we can cancel out on that. to the van Campenhout dinner, do you wish to: With respect (477-3023) ACCEPT REGRET 12:15 PM - Mary Harris called & said Secy. would like to see you for a little while before you both go to the ABA luncheon Mary suggested you come in about 12:25. 12:50 PM - Mr. Nelson stopped by & would like to see you for 5 minutes as soon as you return on a couplecf flit-1y urgent matters. - 2 - Messages for Mr. Volcker Tuesday, April 28, 1970 1:30 PM - Mr. Cohen called regarding an emergency call he had gotten from the White House relating to the speed up of the collection of excise taxes. possible. He asked that his call be returned as soon as (5363) A note has been sent to Mr. Volcker by Sam Morrow concerning Mr. Cohen's call. 0 PM - Mr. Geng would like to arrange about a half-hour session with you group sometime this afternoon, at your conveng • with the financin• ience. (5806) Mary Harris called to ask that we put the 8:30 a.m. meeting with the Secretary in his office on your calendar for tomorrow morning (Wednesday, April 29), which he had spoken to you about. - ON CAL. NOTE: Mary said she assumed this 8:30 a.m. meeting could be with the entire financing group; she couldn't say for certain. I checked with Mr. Geng, who hasn't been informed that the full financing group was to meet with the Secrdary at that time. g of our Is this a meetin• YES •financing people with the Secy? NO If yes, shall Mr. Geng inform them accordingly? Messages for Mr. Volcker - 1 - April 27, 1970 9:45 AM - Since Dr. Burns is in So. America, there will be a regular lunch in Secy's Dining Rm. Told Mr. Weatherbee's office you'd lunch there. NOTE: Gov. Wormeer is now arriving on Saturday, May 2nd, with Giscard & party, Mr. Rendall says. Dulles on TWA 811. Mr They will arrive at 4:20 PM at Rendall says he understands that Amb. Lucet will meet them, as will Dick Long on the French Desk at State, and Mr. Long thought it might be nice if someone like McGrew, Widman, or Rendall from Treasury met them, as a courtesy. Mr Rendall just wanted to be sure you had no particular reason for wanting to meet them yourself, To the best of my recollection, we have never had anyone at your level meet incoming Finance Ministers and it would set a precedent. Is the above arrangement N satisfactory? •C ? YES 12:30 PM 1/34 it• V NO Miss Woehler at the German Embassy called on behalf of Mr. Middleman extending invitation to you for an informal stag dinner to be held in honor of Mr. Wolfgang Pohle, Chrm. CDU/CSU Finance Working Group, on April 30 at 8:00 D.m /e Call her on 331-3348 to confirm. 0. 1)01 ; T Pe 72 4 4 YES TG4. NO returned your call. (1.-Ple 8101 55 (fj A, L4:"A" gtf; Joi/b -114 Al 2/ 1 Ai Ale" A - 1 - Messages for Mr. Volcker April 20 - 24, 1970 Monday, April 20 11:05 AM - Mr. Thomas, of the London Times, called and wanted to 50' see you. ,,pEco 1tin 0,7 ‘ T.4 When I told him you were in Europe for the usual meetings, he said he would call again next week. (i If he calls again, I'll find out what he wants to talk about. PP's- F1(111 12:15 PM - Lee Cohn, of the Star, called and still would like to see your \ to discuss a broad range of things. LI 3-5000, Ext. 449 Shall we try to fit him in after financing? YES NO NOTE: Mr, Mackour called last Friday and said Malcolm Crawford, the Economic Editor of the London Sunday Times, will be in Washington in May on one of his usual round-up visits and would like to see you on general background on the U. S. economy, etc. I gave him 11:00 AM on Friday, May 8. NOTE: On cal. Ed Bernstein called and asked me to send a messenger over to pick up something for you, which I did, which turned out to be a box of cigars -- on your desk. Tuesday, April 21 11:45 AM - William Simon called you and asked to be transferred to Mr. Geng when you were not available -- but he asked that you be informed that he had called. Messages for Mr. Volcker - 2 - April 20 - 24, 1970 Wednesday, April 22 10:50 AM - Mr. Ed Bernstein's secy. called and said he wanted to know if you were free for lunch on Wednesday, April 29. I told her you had a working luncheon at the Treasury that day (financing luncheon in Secy's Dining Rm,, with Burns). She asked me to hold and informed Mr. Bernstein, who said "thanks." Thursday, April 23 3:45 PM The NSC meeting on Foreign Assistance (Peterson Report), which Dr. Walker was to attend this morning at 10:30 a.m., has now been rescheduled for 10:00 a.m. on Monday, April 27. The Secretary will be back; his calendar is clear and he will attend the meeting. (Your calendar has been noted accordigly. 5:15 PM Donn Smith said the new Governor of the Bank of Japan, Sasaki, who took office last December, has cabled that he will be stopping off in Washington on his way back from the BIS meetings and will be here on May 14th and 15th and requested an appointment with Secy. Kennedy, The Secy. will be in Utah and Mr. Smith wondered if you would be able to see Gov. Sasaki, who had asked for an appointment late Thurs., May 14, or Friday morning, the 15th (he's apparently already made some other appointments and Mr Smith thought he would probably be visiting the IMF and World Bank). I suggested 4:30 on May 14th. On cal • Messages for Mr. Volcker - 3 - April 20 - 24, 1970 11:30 AM - Mary Harris called to say that the Secretary will hold his Staff Policy Meeting in his office at 9:00 AM on Monday, April 27. ON CAL. 11:50 AM - Mr. Cole (International Tax) called to say that it was important that he set up a meeting (this at the request of Mr. Cohen, who is out of town today) with you, Mr. Cohen, Mr. Schaffner, and perhaps others, on the Domestic International Sales Corp. (DISC) in your office. ** on Monday afternoon. He suggested 4:00 p.m./ Your calendar is clear. ** ON CAL. (Mr. Cole, 5046) This meeting was changed to 2:45 p.m., since Mr. Cohen has a meeting at tk4R the White House at 4:00 p.m. -- CAL. NOTED. -- Mr. Cole's secretary stressed the point that it was necessary to have this meeting before Tuesday morning. I told her you would probably be lunching with the Secretary and Chairman Burns, and since Monday is your first day back in the office and the Secretary having just returned from his trip the luncheon might be longer than usual. Mr. Cole had particularly asked for a time Monday afternoon. 5:30 PM - Mr. Rendall said the Secy. didn't get a chance to call Chrm. Burns before Secy. left for So, America and Mr. Widman has gotten the impression somewhere that Burns learned from someone else (Daane?) about the Giscard visit and arrangements for Camp David and is iRsmiaRold upset because he was not WM= v Messages forMrVolcker - 4 - April 20 - 24, 1970 consulted and his availability checked before making the arrangements, especially since Wormser is coming. Chrm. Burns is presently en route to a meeting of central bank governers in Vina del Mar, near Santiago, Chile, and won't be arriving until Monday afternoon, Apr. 27th. He won't be returning until Monday, May 4, getting into JFK at 1:55 PM and probably won't be in Washington until about 5:00 PM. will miss out on Camp David. Hotel in Vina del Mar. Therefore, he He'll be staying at the O'Higgins This just for your info. -- perhaps Secy. or you may want to phone him, even tho communications will be difficult, to try to sooth him, Friday, April 17, 1970 - 1 - Messages for Mr. Volcker Board called. 9:30 AM - Mrs. Halperin of the Federal Reserve She said just been she had received a call from George Hovanec, who had WORLD made Editor of the Chase Manhattan Bank publication, BUSINESS. Mr. Hovanec asked ;:that she contact this office for might be of any speech which you might have made recently that pubinterest to the readers of WORLD BUSINESS which he could e of lish in his June issue (the deadline being about the middl May) -- relating to the international community, or money markets -- or anything of a wide range, but of an international nature. I mentioned the fact that you were speaking in Brussels on Monday, the 21st -- and that your speech may be released for publication; that you would be informed of the r. editor's request and we would be back to her with an answe Do you wish to have Mr. Hovanec use one of your released n? speeches in his June issue of the Chase Manhattan publicatio YES NO OTHER (Mrs. Halperin - 147-474) you some11:10 AM - Mr. Wieczorowski called & would like to speak to time before you leave for Europe about the attached Jim Smith memo to the Secy. about a Congressional dinner concerning World Bank operations in Indonesia, on which the Messages for Mr. Volcker April 17, 1970 - 2 - Secy. put a note indicating that either you or John Petty should host such a dinner meeting I went over your cal. with Mr. Wieczorowski, in case you decide to be the host, and we concluded that Thurs., May 7, might be the best evening, in view of all other considerations. evening temporarily. I have put a hold on that 181 - 2776 12:30 PM - Mr. Geng would like to see you about several matters, none of which is urgent, sometime before you leave for Europe, tg 2:00 PM - Mr. Mackour stopped by with a question about the dinner in Paris. He has two questions: 1) Did Governor Daane raise with you the question of inviting van Lennep to the dinner, which apparently Emminger thinks would be desirable. 2) If you do desire to invite van Lennep, George Willis suggests you may want to reconsider and also invite Milton Gilbert of the BIS, so he won't be the odd man out of the three international bodies concerned. Invite van Lennep? YES NO Invite Gilbert? YES NO (Mr. Mackour - 8486) Messages for Mr. Volcker - 1 - April 16, 1970 9:45 AM - Marty Miller called and wants to see you. I talked to him enough to find out he wants to re-open the subject you had long discussions with him and Mr. Rustad about last Spring. I told him the next two weeks were simply impossible because you were going to be in Europe and then handling a major refunding but said I'd tell you about his request and see what you might suggest. 10:10 AM - Gladys in Mr. Jurich's office called and said the NSC meeting on Foreign Aid which had been scheduled for 3:00 PM tomorrow has been rescheduled to 1:00 PM next Tuesday because of the astronauts. I passed this along to Mr. Finkel in the absence of everyone else and he asked me to call Mr. Hirschtritt on the Hill and tell him about it, which I did. 11:20 AM - Mr. Flanigan called & would like you to call him. 145 11:50 AM - Mu3. Volcker called and said she will need some money to carry over next week when you are away -- $150.00, please! How much do you need for your trip? 12:25 PM - Mr. Jim Smith stopped by and said Peter Flanigan called & talked to him, so you need not return Mr. Flanigan's call. Mr o Smith said he also talked to Burns and would like to talk to you when there is a chance. 2038 Messages for Mr. Volcker - 2 - Thursday, April 16,1970 4:30 PM - Mrs. Hughes of Derek Mitchell's office called to extend an invitation to you and Mrs. Volcker from John Kirbyshire for a dinner on Monday, May 4th -- the details for which have not as yet been arranged. available. She called to ask whether you would be You will be at Camp David with the Secretary and Giscard dkEstaing on Monday evening, May 4th. Is it all right to regret for you and Mrs. Volcker? YES Regret for you NO Accept far Mrs. Volcker Mrs. Hughes thought the number of guests would be about 12. (Mrs. Hughes - 181-3181) 5:10 FM - Senator Williams' secretary called to say that the Senator has been on the floor of the S nate all this time (the disincome cussion centering on the "Clark-Mollenhoff/tax return availability" debate -- and she indicated that the Smator would return your call as soon as he returns to his office. Tuesday, April 14, 1970 - 1 - Messages for Mr. Volcker 11:45 AM - Robert Hunter called. I told him you had a visitor and asked whether you might return the call. Ee said he couldh't be reache and will call back. 11:55 AM- 0 Eoin Belton, Reuters, called. He mentioned the fact that he with had spoken with Mr. Willis who suggested that he might talk you - and he would like to have about 4 or 5 minutes with you over the telephone to discuss exchange parities,Owicomxthux reduction of the British bank ail rate and budgetary proposals. PHONE: 628-9212. -- hopefully before 1:00 p.m. today. ged to see 240 Noon - Dick Burris called back to say that he has arran Senator Schweiker tomorrow, Wednesday, at 2:15 pm - in his p.m office, Room 6221, New Senate Office Building -- and at 3:00 Senator Wm. B. Saxbe (Room 1205, NSOB). Mr. Burris will meet you in Senator Schweiker's office. Your calendar is clear -- following the luncheon at the Fed Board -- until 3:45 PM when you are scheduled to see Nelson Schaenen, Chrm. & Ted Wadsworth, Pres., PEFCO (courtesty call) in your office. I mentioned this to Mr. Burris. ON CAL, 12:10 PM - Dr. Bxxx Burns called. His secretary said he is anxious to ned. talk with you and asked that the call be retur explained that you had Amb. Watson with you.) (I had 147-201 Messages for Mr. Volcker -J3-- Tuesday, April 14, 1970 1:55 PM - Mr. Widenmann's secretary called to confirm that Mr. Alloo is in New York and will be here at noon tomorrow to see you. NOTE: ON CAL. The Secretary is holding his Staff Policy meeting at 9:00am in his office tomorrow morning (Wed., 4/15). 4:10 PM - Maurice Mann called from Miami, Florida. be returned. ON CAL. He asked that his call He can be reached on A.C. 305 - 865-7511 - Rm.1032. 4:10 PM - Mr. Burris reported thatiSenator Saxby is going to be out of town all day tomorrow and does not plan to be in his office as late as 5:30 this evening, nor does he expect to be in his office on Thursday morning before 9:i0 or a quarter of 10:00. In view of this Mr. Burris thought you would have to skip Senator Saxby and just see Senator Scheieker at 2:15 tomorrow -- unless he can think of some other Senator you might be able to see at 3:00. 4:30 PM - Carter Brown, of Natl. G411ery of Art, called about the Stoddard Stevens proposal about pensions and salaries; he said they have to get out an agenda to the Board for the meeting (I don't understand the Irgency of this since the meeting isn't until May 7) and also said that Mr.Stevens had called him this morning and indicated he had heard from all the other Board members (I think Mr. Brown must have meant members of the Finance Crate., because I thought this first had to be approved by the Finance Cmte. before it went to the Board) and asked how long Mr. Fieilder would be out ill • Messages for Mr. Volcker - 3 0 April 14, 1970 and wondered whether Mr. Brown perhaps ought not to call on you if you have any questions. I told Mr. Brown youhad been • circus and said perhaps the best thing runnin• g a three ring mi• ght be to get Mr. Stevens' office and home phone numbers so that you could phone him as soon as you got a chance. Mr. Brown said he thought thattwould be fine. Mr. Stevens' office phone in NYC is Hancock 2-8100 and his home, in Milburn, . Mr. Brown said Mr. Stevens is rather elderly and doesn't spend long days at the office but Mr. Brown felt sure Mr. Stevensk w ouldn't mind receg a call from you at an odd hour. Gen• g g the market that he would a•has matter affectin• like to consult with you about at first opportunity. 5:15 PM - Dick Burris called and would like you to call him. 145 - 230 Messages for Mr. Volcker 1 9:15 AM - Mr. Willis called. Wednesday, April 15, 1970 sometime He asked to see you/this morning - re the Deputies meeting -- as a preliminary to his meeting with Mr. Crispi at lunch. 9:30 AM - Mr. Petty called. I have given him 10:30 a.m. - ON CAL. He would like to see you this morning, if possible, regarding the Reuss amendments. call when you were free. 11:55 AM I told him I would (2522) - Mr. Willis called to say that Mr. Zagorin and Mr. Hirschtritt will be available for the hearing tomorrow. 11:57 AM Mr., Kearns returned your call. (128-21131) 12:00 Noon - Albert Wojnilower called from New York with the message that he didn't know whether the fact of the IRS suit against the First National Bank of Chicago has been called to your attention, -- it is dynamite against the municipal bond market. The suit concerns denial of deductibility of interest paid on debts. this morning.) (NOTE: He said all the papers reported on it Messages for Mr. Volcker , 3:50 PM - Mr. G g called. on. - 2 - Wednesday, April 15,1970 He said he needs to see you sometime this after- I told him I would call when you are free. (5806) 4:10 PM - Secretary's Staff for Friday, April 17, has been cancelled. CAL. NOTED. 6:30 PM - Mr. Wieczorowski called xaid and said he had a talk with Bob McNamara and it looks as though he may be replacing Irving Friedman with Hollis B. Chenery as head of economics. thought you might know Chenery. Mr. W. Mr. W. said McNamara would like to move ahead on this at the Board mtg. on next Tuesday and Mr. W. thought McNamara would appreciate any thoughts the U. S. might have about this. I asked where Chenery is at the present and Mr. We said he was at AID from 1961 to 1965 and is now a Professor of Economics at Harvard. Mr. W. said he would also pass this along to John Petty for any reaction he might have. have. Mr. W. would appreciate any reaction you might I agkmd said it sounded as though Mr. Chenery mght he a Democrat and Mr. W. said that was not indicated on the card he had about Chenery. - 1 - Messages for Mr. Volcker 11:10 AM - Mr. Nelson called. Monday, April 13,1970 He said he and Bill Dale would like to have about a half hour with you on the use of dollars in IMF drawings sometime today or tomorrow. presently clear this afternoon. give them 3:00 p.m.? REMINDERS: Your calendar is Is it all right to kax (2884) NO YES you on Apr, 15, 16, Call Mr. Samuels re Aloo wanting to see or 17 on Banque Belge case. . Call Jerry Pollack, of Bendix, re job AC 313 - 352-5388 (Southfield, Michigan) from Black Hawk Call Cong. Railsback about invitation ) - 180 - 5905 Chapter of Red Cross (kx ltr. attached a*xaxwimilkxx SrimakaxxRmiludixkollgxmlinormakxyontxxuaiixxmixFxid tiixx agoxhutx2xEINRktxkilixkx*numilytaxxxiailmmuagxkisxEi Nathan Gordon, Director of Intl. you on Friday about the Swiss. Tax Affairs, wanted to see 2794 you on follow-up on mtgs. with 9:45 AM - Mr. Jurich would like to see Germans. 5264 say the NSC mtg. on Foreign 10:30 AM - Mr. Jurich's secy called to h had tentatively Assistance (based on Peterson Report), whic was now scheduled been scheduled for Wednesday this week, the Secy0 will not be for 3:00 PM on Friday this week, when here. Secy's office She also said there would be a mtg. in PM Wednesday, in preparation for the NSC meeting at 4:00 On cal. I checked Rose and she said the Secy & party Messages for Mr. Volcker - 2 - April 13, 1970 were scheduled to land at Andrews at 10:00 or 10:30 PM Tues. and were scheduled to take off for Uruguay at 8:30 AM Friday. 11:00 AM - Mr. Wieczorowski called and said to tell you (1) Bob McNamara will go to Bonn only if the German Govt. asks him to do so (re IDA); (2) McNamara did see Eppler, the German Foreign Aid man, in London last week and Eppler used the figure $800 million in his conversationc NOTE: & will have seen all the banks Mr. MacLaury said Mr. Hunter would be returning Thursday evening/ and should see you to report and you probably will need to have a session with FNMA on the final decision making on the mortgage backed bond. I explained your situation on Friday and Mr. MacLaury is s checking to see if Hunter can be back in time for a session with you late Thursday afternoon. Mr. MacLaury asked if you had reacted to the two form letters, one for Secy's signature and one for yours, that he sent over for your approval on Friday. NOTE: I told him you hadm not yet. We had accepted for both you and Mrs. Volcker for Calif. bankers dinner tonight. Shall we cancel you both out? YES NO Messages for Mr. Volcker Friday, April 10.2 1970 1 - 9:30 AM - Nathan Gordon, Director, Office of International Tax Affairs, called. He ximmid said he would like to see you for about 10 minutes sometime today in connection with the Swiss. He mentioned the fact that Mr. Rossides had suggested that he see you -- and also that Mr. Rossides may have talked with you. Is it all right to ask him to be on standby about the time you return from lunch ••• •=. minutes before your 2:30 meeting? should there be about 10 YES NO (2794) OTHER (The Secretary's Dining Room is closed today for renovations.) 10:40 AM - Senator Russell Long of La. returned your call of last Friday. His secretary explained that he had returned from La. the early part of the week and was just getting around his calls to returning/yomxxxaii -- that if you still needed to talk with him the Senator will be in until about mid-afternoon when he leaves for La. again. there on Monday.) (180-4623) (He will be making a speech Messages for Mr. Volcker - 2 - Friday, April 10, 1970 4:25 PM - Mr. Weidenbaum's office called to say that he is back and can come in to see you from 5:00 p.m. on. NOTE: (2551) Formal Attire said it is perfectly all right to return the White Tie on Monday. NOTE? Dick Long at the French Desk at State called and said our new Ambassador to France, Arthur K. Watson, had hoped to be briefed by the Secy. before leaving but the Secy. is away and he wondered if you could background him the early part of next week. I gave him 11:30 AM on Tues., April 14, and asked Mr. Long to talk to Mr. Rendall about details. Rendall will send you background on Watson. Mr. Messages for Mr. Volcker Thursday, April 9, 1970 - 1 - d from Southfield, 9:20 AM - Gerald Pollack, Bendix Corporation, calle He asked that his call be returned. Michigan, said it was a personal call.) (His secretary A.C. 313-352-5388 --Call back No. 6. 10:05 AM - Mr. Nelson called. He would like a minute with you (either phone or in your office) prior to your seeing Mre Reuss at 3:00 p.m. this afternoon. (2884) s office that the 10:25 AM - We have been informed by Mr. McCracken' a.m. on meelting on trade has been rescheduled from 10:00 s office. to 4:30 p.m. this afternoon, in Mr. McCracken' S iur Attending: Messrs. McCracken, Secy. Hardin, Stans, Mayo, Samuels, Carl Gilbert, Kearns & Bergsten. ON CAL. d. 3:25 PM - Bob Cardon of the Federal Reserve Board calle He asked that his call be returned. (147-263) 4:15 PM - Gov, Daane called. NOTE: He asked that his call be returned.(147-201) Gov. Daane expects to leave his office about 5:40 p.m. 411m1,1 , he said to attlimm attend a 6:00 p.m. unveiling of a portrait of former President Truman by Daisy Kempton's mother, at the National Portrait Gallery.) Messages for Mr. Volcker NOTE: April 9, 1970 - 2 - Ernest Feidler, at the Natl. Galler7of Art, called and said Stoddard Stevens has prepared a memo as a recommendation from the Finance Cmte. which, in effect, would abolish their pension plan and raise the salaries of officials. Mr. Stevens is clearing this with Mr. Mellon and Mr. Whitney and asked Mr. Feidler to clear it with you and Mr. Ripley. Mr, Feidler said he is retiring as of May 1 so he has no interest in the proposals, which is why Mr. Stevens asked him to be his emissary on the matter. Mr. Feidler needs to see you and, for some reason, they want to move promptly on this. I have given him 3:00 PM on Monday. 4:30 PM - Secy's operator called and said the Secy's staff mtg. in the morning will be at 9:15 instead of 8:45. Noted on cal. 4:45 PM - Dr. Walker's office called and said he wanted to invite you to the meeting of the Troika at 8:00 AM breakfast at the Cosmos Club tomorrow morning, when both Savings Bonds interest and housing will be discussed. His secy. did not know what room in the Cosmos the Rimia breakfast would be held but she thought you would have no trouble finding it. On cal. I alerted Mr. MacLaury, who thought you had everything in your head and you probably would not need anything. Messages for Mr. Volcker April 9, 1970 - 3 - 4:50 PM - Mr. Finkel called and said you wanted to meet with Dr. Carlos Sanz, Chrm. of the Inter-American Cmte. for Alliance for Progress, and Walter Sedwitz, of OAS, on debt servicing, I gave him some times and he has arranged for you and him to go to Dr. Sanz office at 1725 Eye St., N.W. at 9:30 AM next Tuesday for this purpose. On cal. 5:00 PM - Joe Slevin called and said he was going to visit Yugoslavia on his European trip and had written Tom Enders, who is the DCM there, but wondered if you could write a note to Ray Albright about his visit I am preparing such a letter for your signature. 5:15 PM - Mr. Wieczorowski called and said he was doing a memo on Mr. Moeller's Messages for Mr. Volcker - 2 - Friday, April 10, 1970 4:25 PM - Mr. Weidenbaum's office called to say that he is back and can come in to see you from 5:00 p.m. on. NOTE: (2551) Formal Attire said it is perfectly all right to return the White Tie on Monday. NOTE? Dick Long at the French Desk at State called and said our new Ambassador to France, Arthur K. Watson, had hoped to be briefed by the Secy. before leaving but the Secy. is away and he wondered if you could background him the early part of next week. I gave him 11:30 AM on Tuesr, April 14, and asked Mr. Long to talk to Mr, Rendall about details. Rendall will send you background on Watson. Mr. Messages for Mr. Volcker 1 - Wednesday, April 8, 1970 the Chairman will 9:15 AM - Chairman Burns' secretary called to say that the be unable to attend the luncheon for Alex Moeller at (Gov. Daane is n. rnoo Watergate Terrace Restaurant this afte (attending now. Robert Holland will be hosting the Fed luncheon today. from Treasury will be: Weidenbaum. Messrs. Geng, Snyder, Cook, and Attending - 2 - Messages for Mr. Volcker 2:50 FM - Mr. Weidenbaum called. you this afternoon. Wednesday, April 8, 1970 He would like just a few minutes with (2551) of ng). (2038) 3:15 PM - Jim Smith returned your call (Aate morni arrived in Washington 4:30 PM - The Belgian Ambassador, Walter Loridan, who last NovembeB has extended an invitation to you to a stag, of informal dinner on Monday, April 20, at 8:00 p.m., in honor sathe Former Minister of Finance, Robert Henrion, at the Ambas dor's residence, 2300 Foxhall Rd., NW. on Monday, April 20. NO . You will be in Brussels Is it all right to regret? RSVP- Miss du Rivage - PHONE: YES 333-6900-Ext.222. Messages for Mr. Volcker - 1 - Tuesday, April 7, 1970 2:45 PM - Mr. Willis has scheduled a Volcker Group meeting for 3:30 p.m. on Friday, April 10, in your office. 1) On the agenda: Discussion of limited exchange rate flexibility (VC/WG/70-48- Dale paper); 2) Gold problems; 3) Amendment to permitxxdx SDR payments in lieu of gold & IMF quota increases. ON CAL. 3:00 PM - Gov. Daane called and said he and Solomon were to brief Chrm. Burns on the Basle meetings at 4:00 PM tomorrow (Wed.) and they would like to see you before doing this. your schedule, I suggested 9:45. In view of Later in the day, Mr. Willis alerted me to the fact that he and Jim Smith and Page Nelson would have to sees you first thing in the morning on the Reuss bill, which he wants to get introduced on Thursday, and Willis suggested I keep the Daane - Solomon appto flexible. I called Gov. Daane and explained and he said they'd await a call from us before coming over. 5:30 PM - We received earlier today a briefing book for the visit with the Germans a on Friday and I passed it on to Nisenson who passed it on to Bean, who ultimately returned it with a briefing paper for you for the visit with Moeller tomorrow, Mr, Nisenson said they would be getting a further memorandum down to you but the mainkx thing they found out was that there would be a second meeting with the 2i 12 Germans, following the Friday meeting, from 9:30 to 10:30 AM on Saturday, at which tics time the President would be meeting again with Messages for Mr. Volcker - 2 - April 7, 1970 Brandt, and it is at the Saturday session that the important subject of troop deployments will be discusse d and Secys. Rogers, Richardson, and Laird will attend. that you attend the Saturday session. It is very important The Friday session will cover subjects of lesser importance (or of little or no importance) to Treasury except for one item whic h Mr. Bean would like to have you present for. be forthcoming on these two sessions. Further memoranda ;will In the meantime, Mr. Widman suggested perhaps the best thing would be to ask Mr. McCracken if his meeting on a possible Presiden tial Message on trade, now scheduled for 10:00 AM on Saturday , might be shifted the 10:30. The Saturday session with the Germans will again be in the Cabinet Room at White Hous e and you could just walk across the street to McCracken's office. I have alerted Pelikan to the trade meeting and he will see what further intelligence he can get about it. Shall I ask Mr. Max McCrack6n's secy to ask him if it would be possible under the circumstances to shift his meeting to start at 10:30 AM on Saturday? YES NO Messages for Mr. Volcker NOTE: - 3 - April 7, 1970 I should do something first thing in the morning about the Black Tie dinner German Amb. and Mrs. Pauls are giving for Moeller tomorrow night, since we had accepted for you and Mrs. Volcker. Shall I call and explain that Mrs. Volcker is ill and see if they would like ;you alone -- or would waratik you rather not go at all? REGRET FOR MRS. V. & SAY YOU"LL COME IF THEY WANT YOU ALONE REGRET FOR BOTH NOTE: You simply must find time tomorrow to go and get fitted for a White Tie for the state dinner on Friday. Mr. Shepard says they can let out the sleeves to lengthen them and the vest is adjustable and can be lengthened as desired, so even if the tailcoat is a not long enough the vest will take care of it. But you must give the rental agency time to make the necessary ax* adjustments. Mr. Shepard said he is 6' 6" and he had no trouble getting fitted„ Messages for Mr. Volcker April 6,1970 9:15 AM - Mr. Kearnsscalled and w d like youto call him. 128 - 21131 9:40 AM - Mr. Willis' office has informed us that he will be (FYI) placing a telephone ca to Mr. Petty between 5:00 pm and 6:00 p.m. each/evening during the period he is at the ADB mee ng in Seoul, Korea, (April 4-13,incl.) 4:15 PM - Mr. McCracken's secretary called to say that a meeting on TRADE is scheduled for 10:00 a.m. on Saturday, April 11, in Mr. McCracken's offi ce, which you are invited to attend since the Secretar y is away. with Mr. McCracken Others attending/will be: Secy. Hard in (Agri), Secy. Stans (Comm), Dir. Mayo (BOB), Nat Samuels (State), Carl Gilbert (Spec.Trade Rep.) Henr y Kearns and Fred Bergsten. Your calendar is clear. ON CAL. This will be in Mr. McCracken's office -Room 312, EOB. NOTE: McCracken's secy said there was some consideration given last year to a possible Presidential Message on Trade, but this was dropped. The purpose of the Saturday meeting is to reconsider this possibility. 4:00 PM - Mr. Gerry Pollack, V,P. in charge of Corporate Deve lopment of Bendex Corp. called and said he was calling at Mr. Webster suggestion on a personal matter. I explained you were rushing Messages for Mr. Volcker - 2 - April 6, 1970 to finish up a speech and catch a plane and asked if we might call him back when you get back in town, would be fine. His phone is AC 313 - 352-5388. He said that (Tues.*xm morning, we reccEived the attached bio on Mr. Pollack and note. I've given copy of this to Mr. Patterson, who suggests, k if Mr Pollack is brought in for interview, it might be nice if it could be done on the 15th or 16th, when Mr. Petty will be back. Mr. Patterson said he had never heard of Pollack, but they expected there would be a scramble for the slots. Friday, April 3, 1970 Messages for Mr. Volcker 2:20 FM - Mr. Kearns called. k with He said it was urgent that he tal you. m New York. 2:25 PM - Hans Widenmann called fro He said he has had a cable rd of Directors of Societe from Roger Alpo, a member of the Boa Intrnational Division. General de Banque and Head of the Mr. Widenmann. Mr. Alloo is a personal friend of Mr. Alloo is the Henrion Party to meet coming to Washington(as a member of on Banque Belge NOTE: The words il 20) Assistant Secretary Hillenbrand/on Apr n - Mr. Widenmann did not in parens are supplied in explanatb include this in his statement. youi Mr. Alloo is most anxious to see 15, 16 or 17 on some urgent at any time convenient on April business involving the bank. Do you wish to see Mr. Alloo? YES NO oo to come in at aNatime If yes, shall we arrange for Mr. All 15? when you are frcQon Wednesday, April Friday, April 16 and 17: (On your calendar for Thursday and may be testifying before With the Secretary and Mr. Petty, you tee and the Senate B&C Cmte. the House Banking and Currency Commit increases, IBRD capital on legislation concerning IMF quota increase and ADB special fund.) Mr. Widenmann has (Phone: KR reply. suggested that we call him with your A.C. 212530-4114) - 2 - Messages for Mr. Volcker Friday, April 3, 1970 3:55 PM - Mr. Nelson at the German desk at the State Department called to say that Secretary Rogers is chairing a meeting -- in connection with the visit of Chancellor Brandt -- of high level Government officials, including Cabinet members -- at 10:30 a.m. on Friday, April 10, in the Cabinet Room at the White House - and to extend an invitation to you to attend on behalf of Secretary Rogers. Deputy Secretary of Defense He mentioned that Mx/Packard will attend in the absence of Secretary Laird -- and that the meeting will consist of 12 Germans and 12 Americans. -- The milmtimg President will be meeting with Chancellor Brandt concurrently in his office next to the Cabinet Room. (Secretary Kennedy at ADB meeting.) Your calendar is clear. Is i 11 right to ACCEPT? YES NO S'S) (RSVP - Mrs. Price or Miss Eichorn - 101-22155) Washington 4:10 PM - Guy de Jonquieres,/correspondent of the London Financial Times, called and asked to talk with you. I asked whether someone else could answer his question -- and he said no this was something he wanted to speak directly with you about. His phone: 347-8676 or 4920. ixtoidxkimxtkx He said he would call back on Monday if you were unable to return his call this afternoon. Messages for Mr. Volcker April 3, 1970 - 3 - 5:20 PM - Mr. Jonquieres, Washington corresp. of the London Financial Times, wanted to convey to you a request from his colleague, Sam Brittain, to see you sometime when you are in Paris for the G-10 meeting, at which time Mr Paris on other business. Brittain will be in I told Mr. Jonquieres that your schedule was very tight and I thought it would not be possible to suggest even a tentative time in advance and asked where Mr, Brittain might be reached in Paris. be staying at the Ritz. He said he would He said he did not know what Mr. Brittain wanted to talk to you about but said Mr. Brittain's schedule was quite flexible and he could arrange his time to suit your convenience -- to meet for lunch or a drink or almost any time. He (Et pressed quite hard for a suggested time in advance. Do you want to give him one? So far, we have had no notice of any luncheons or dinners in Paris in connection with the WP-3 - G-10 meetings. 5:25 PM - Al Hunt of the Wall Street Journal called. (347-8676 or 4920) He wanted to talk with you about the President's tax message -- apropos of the salary increase, On second thought, he thought perhaps Jim Smith or Mr. Brumley might answer his question - and he cancelled the call. Messages for Mr. Volcker - 1 - Thursday, April 2, 1970 9:25 AM - Derek Mitchell called concerning the possibility of your visit to London -- which you had mentioned to him. He now has the information as to possible dates. Week beginning Monday, April 13: -- Thursday or Friday, April 16-17 -- The Chancellor is free for lunch, plus talks. -- Saturday or Sunday, April 18-19 -- Frank Figgures is available, but not the Chancellor. - - Monday, April 20 -- Sir Douglas Allen, only, would be available. Mr. Mitchell suggested that we let him know as soon as possible your choice of dates, so that he can line up the people in London. (Embassy phone: 10:45 AM - Mr. Kearns called. HO-2-1340, Ext. 435) He asked that his call be returned. (128-21131) 11:00 AM - William Bodine, Savings Association League, New Yomik State, called. He said it was on a personal matter -- and asked that his call be returned. (A.C• 914-472-3500) MA",( Messages for Mr. Volcker - 2 -- Thursday, April 2, 1970 1:30 PM - 11.ose Cicala called to say that they are getting word to the ec tary that you would like to talk with him -- and he will call you from Chicago. 1:35 PM - John Coughlan of the Administrative Office called to say that the Secretary's entryway (the entire parking area) is tobe resurfaced and will be closed from April 4 to April 14, inclusiv e. If there is any change (should the resurfacing be completed sooner), he will keep us informed. In the meantime, he suggests the men be dxppEd let out at the west steps of the Treasury Building (directly across from the East Wing of the White Hous e), with the cars going into the well for parking. A NOTE: Mr. Nisenson said he had a call from Mr. Lempen, Fina ncial Counselor at the Swiss Embassy, saying Alexandre Hay, of the Swiss Natl. Bank, would be in Washington and would like to see you on Monday morning, 1 6, if possible (I gave him 11:00 AM and he's seeing Mr. Petty at 10:00) and also inviting you to a luncheon Mr. Lempen will give for Mr. Hay on the same day at 1:00 PM at his home, ., to which ix he is also inviting Mr. Schweitzer and Mr. Gold, of the IMF, the Swiss country Director from State, Houthakker, at CEA, one of the Fed. Governors plus a high level staff man, prob ably Solomon a small group of about 8 or 10. Burns was here for lunch this past Monday and the Secy, will be away Monday, so assume there will be no question of Burns coming here for lunc h next Monday, Messages for Mr. Volcker - 3 - April 2, 1970 OK to accept Mr. Lempen's invitation to lunch Monday? YES NO NOTE: 4 -3 After Mr. Patterson took the note up to you in 4426, he found that Bill Branson, of Princeton, could come down tomorrow after all and will be seeing Mr. Petty at 4:30 -- Mr. Patterson asked me to put Branson down to see you at 5:30. NOTE: On cal. Jerry Newman called and said he just received word that Stomatti, who had been expected to visit here the middle of April and who had an appt. to see you at 10:00 AM on Apr. 14th, was not coming in April. NOTE: He may come in May. Scratched from cal. Mary Monomack called and said Jim Smith called Mr. Petty and said the hearings on IMF quota increase, IBRD capital increase, and ADB special fund were now scheduled for Thursday and Friday, April 16 and 17, instead of Wed, & Thurs., April 15 and 16. Mary didn't know whether it was the House Cmte. one day and the Senate the other. or thru Mike Bradfield. I'm trying to find out details from Noted on cal. However, I gather from Mary these dates are fairly firm, as datae on the Hill go, Also Mr. Petty would like to see you when he gets back from a mtg. around 6:00 today -- he will check in with us. He also wants to see you a while late tomorrow afternoon -- before taking off for ADB mtg. at dawn on Saturday. Messages for Mr. Volcker 1 Wednesday, April 1, 1970 (212-943-4400) --* Free until 11:30 am, when he will be going into a Bd.Mtg. - Mr. Widman will bring Charles G. Wootton in at 11:30 a.m. this U. S. morning. Mr. Wootton is leaving the Raxadiam/Embassy in Canada, 9:15 AM - Mr. Bethke*called. NOTE: where he had been Counselor for Economic Affairs and is going to Bonn as U. S. Economic Minister to Germany.) -- Mr. Nisenson, who arranged the appointment, said Mr. Wootton will also he visiting Mr. Petty and others of the OASIA staff -- no briefing material was been prepared. 9:45 AM - Dr. Wallich called. He asked that his call be returned. (5881) the Secretary's 3:40 PM - The Secretary's Operator called to say that Staff meeting for Friday, April 3, has been cancelled. Cal.Noted. 3:50 PM - Mary Harris has scheduled the meeting on NATO with the Secretary for you and Mr. Jurich at 2:30 p.m. on Friday, April 3. ON CAL. 4:20 FM - Dr. Walker called. HeAgked that his call be returned. (2801) 5:00 PM - Mr. Bethke called. He will be in his office until 5:30 p.m. NOTE: Mrc, Hirschtritt would like to see you sometime. Messages for Mr. Volcker - 1 - Tuesday, March 31, 1970 9:50 AM - Mrc Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. YES H Is this all right? NO 11:10 AM- Robert Bejthke (Discount Corp.) called from New York. that his call be returned., 2:10 FM - Jim Smith called. He asked (A.C. 212-943-4400) He asked that his call be returned. (2038) 10:30 AM - Mr. Petty would like to see you when there is a chance 1 Messages for Mr. Volcker 9:15 AM - Mr. Petty called. Monday, March 30, 1970 He would like to have about 20 minutes with you this morning (to plan the work for the rest of the week). (2522) REMINDER: Talk to Mr. Rossides about attending Oil Policy Cmte. principals mt,g, at 2:30 PM Tuesday, MaxmilxAi April 7, when you'll be speaking in Boca Raton. REMINDER: Talk to Congressman Railsback about invitation from Black Hawk Chapter of Red Cross (ltr. attached), 10:58 AM - Mr. Petty stopped by. 180 - 5905 He'll be free until lunch time - and hoped you could see him after your visit with Mr. Wilson. ion 11:20 AM - The Chairman's office of FDIC called to extend an invitat to you to the swearing-in of FrankH Wille, the new Chairman, on Wednesday, April 1, at 10:00 a.m., in the Board Room on the 6th Floor of the FDIC, 550 - 17th St., N.W.--Your calendar is clear. Do you wish to ACCEPT (Sandy Sanders - REGRET 1236-201) 12:35 PM - Mr. Hirschtritt would like to see you as soon as there is a chance. 1:40 PM - Gene Knorr called. He asked that his call be returned. (2217) -2- Messages for Mr. Volcker 6:25 PM - Lee Cohn of the Evening Star called. Mcnday,March 30, 1970 He asked for about a half-hour with you sometime on Tuesday or Wednesday of this week -- to talk about a broad range of things. Your calendar on Tuesday, March 20, is clear excwpt for Amb. Greenwald at 12:00 M, 11:00 a.m. with Mr. Saunders/and 5:30 p.m. with Joe Slevin; Wednesday is crowded. YES Bo you wish to see Mr. Cohn: NO If yes, is it all right to schedule him for 10:30 a.m. on Tuesday? YES (LI.3-5000, Ext. 449) NO OTHER • Messages for Mr. Volcker 1 Friday, March 27, 1970 9:10 AM - Mr. Rustad returned your call of yesterday. 9:40 AM Daane called. (2466) He would like to talk with you before he goes into his 10:00 a.m. board meeting. (147-201) 9:45 AM - Mr. Weatherbee's office has been informed that you willihave lunch in the Secretary'-elilining Room today. 3:40 PM - Mr. Bergsten called. He asked that his call be returned. (103-5026) 5:10 PM - Mr. MacLaury called. He said Noble Nieu is coming down to talk with Mr. Carlock - on Tuesday, April 7.- Mr. Nieu is a potential replacement for Ethel Hodel. Mr. MacLaury knows he had been with him as a friend;/it the New York Fed; Mr. MobiR Nieu presently is working for Harris Trust. Mr. MacLaury's question is whether you want to see Mr. Nieu. If you do, they will try to schedule a day other than April 7 (when you will be in Florida); otherwise they will go ahead with April 7. Do you wish to see Mr. Nieu? YES NO Shall Mr. MacLaury reschedule? 2:45 PM - Mr. Mack said the mtg. of the Oil Policy Cmte. which had been scheduled for 2:30 Tuesday, Mar. 31, is being rescheduled for 2:30 on Tuesday, April 7, when you will be in Florida, He talked to Wm. Truppner, Lincoln's asst. about having Mr. MacLaury attend in your stead and Truppner said that would be perfectly all right. Mr. MacLaury is available. Messages for Mr. Volcker - 2 - March 27, 1970 OK to ask Mr. MacLaury to attend in your stead? YES NO 3:15 PM - Mr. Johnson at State called and said our OECD Ambassador, Joseph Greenwald, will be in Washington next week and would like to see you. I have scheduled him for 3:00 PM Thursday. Will inform Mr. Widman. Would you like Widman to sit in? YES NO NOTE: When I talked to Mr. Hamill to tell him about your arrangements for Florida and to ask him to cancel your room reservation at Boca Raton, he said he would send you a copy of the schedule, and you would be very welcome to attend any other of their events that you might care or le interested in attending. He said all of their meetings are very informal without a head table -- they just sit around and talk. Mrs. Nason is hosting a ladies dinner on Saturday evening, which she cordially invited Mrs. Volcker to attend, and which Mrs. Burns is attending, the same night the men are having a steak fry on the beach. Mr. Hamill thought if you were interested in having a chance to talk informally with their members, the steak fry might be a ka very good opportunity bR because it is purely social with nothing scheduled. He also said if you have any expenses that I Messages for Mr. Volcker - 3 - March 27, 1970 pay, they the Reserve City Bankers Assn. could appropriately will be very happy to do so. I asked Pearl to make the travel the steak authorization broad enough so that if you do attend ess and fry on Saturday we can consider that official busin Tuesday and cover you on official travel from Saturday thru either claim per diem or actual expense. NOTE: to tell me Mr. Petty said he had mentioned to you but forgot Secy. & that you will probably be testifying, along with the Mr. Petty, on April 15 before the House Banking & Sixe Currency IMF Quota Cmte. and on April 16 before the Senate Cmte. on the ial fund. increase, the IBRD capital increase, and the ADB spec Have noted on cal, Messages for Mr. Volcker _ 3 March 27, 1970 the Reserve City Bankers Assn. could appropriately pay, they will be very happy to do so. I asked Pearl to make the travel authorization broad enough so that if you do attend the steak fry on Saturday we can consider that official business and cover you on official travel from Saturday thru Tuesday and either claim per diem or actual expense. NOTE: Mr. Petty said he had mentioned to you but forgot to tell me that you will probably be testifying, along with the Secy. & Mr. Petty, on April 15 before the House Banking & iima Currency Cmte. and on April 16 before the Senate Cmte. on the IMF Quota increase, the IBRD capital increase, and the ADB special fund. Have noted on cal. 0 Messages for M:. Volcker NOTE: - 1 - March 26, 1970 Told Mr. Weatherbee's office you'd lunch in Secy's Dining Rm. today. 10:10 AM - Mr. Auten called and would like you to call him. 10:20 AM - Mr. Petty called and 5914 a±gx± asked if you'd have half an hour this afternoon to talk to Mr. Will Cates, who is a prospect in the reorganization. I suggested 2:30 but Mr. Petty said to make it 2:45 because he, Petty, was seeing the Secy. at 2:30 for about 15 minutes on something he might want you to be in on. On cal. 10:35 AM - Mr. Hirschtritt needs to see you briefly on one aspect of the paper he was working with you on yesterday. - Mr. Mayo called. 11:40 AM He said he thought Mr. MacLaury could answer yla his question and I have asked Mr. MacLaury to call him. 11:45 AM - Orson Part called. He is here in Washington until mid- afternoon only -- and called to say hello. 4:25 PM - 5:00 PM - U. 00 tj OJC-6" 7c , Mr.Cohen called. He asked that his call be returned. (5363) George Plescoff, French EXec.Dir., IMF, has extended an invit ....../bionto you to attend a small luncheon which he is giving in French honor of former/Finance Minister Edgar Faure, who will be in Washington next week -- at 1:00 p.m., Monday, March 30, in the Executive Dining Room at the Fund. (Mr. McCracken & Mr. Houthakker have also been invited.) Your calendar is clear except for the possibility of Chairman Burns lunching in Treasury, on Monday. REGET Is it all right to ACCEPT Mr. Plescoff's invitation? (Mrs.Cox:DU-1-3861) OPTIONAL FORM NO. 10 MAY 1962 EDITION GSA FPMR (41 CFR) lot-ii.e UNITED STATES GOVERNMENT Memorandum TO Under Secretary Volcker (Through Mr. Widmanre_ (4) FROM Edwin C. Rendall, OIN...- DATE: March 27, 1970 T( suBjEur: Edgar Faure There does not appear to be any reason you should cancel your prior luncheon arrangement for Monday to accept Plescoff's invitation in honor of Edgar Faure. Faure is a prominent French political figure (he was a prime minister and finance minister under the IV Republic But he does and more recently was education minister). tour sSree not hold any official post at present and of the United States is in a private capacity. Nonetheless, the State Department is making sure he meets a representative numI- r of high ..S ) (C C iktii"Urn J ifi cc: t` (0 TT tic(16 ) Mr. Petty Buy U.S. Savings Bonds Regularly on the Payroll Savings Plan W10-1011 Messages for Mr. Volcker 1 Wednesday, March 25, 1970 11:40 AM - Mr. Willis has arranged a Volcker Group meeting for 4:00 p.m., in your office, on Monday, March 30. Subject: Limited Exchange Flexibility - substance and procedure, looking toward the Deputies Meeting on April 23. ON CAL. 11:50 AM - Page Nelson called and said Irving Trust in NY cut its prime rate to 8 percent. 5:50 PM - Mr. Geng stopped by to say that he had Kaiikid given a list of cutting their prime rate the banks/to the White House to Mr0 Maurice Smith (for Mr„ Flanigan), as he had requested. - 1 - Messages for Mr. Volcker Tuesday, March 24, 1970 10:25 AM - Dr. Walker called. (I explained that you were with Mr. Kashiwagi in the Secretary's office.) He asked that his call be returned. (2801) 10:35 AM - Mr. Mayo called about the "savings bonds crisis." (mr. MacLaury is returning his call.) REMINDER: NOTE: Return Ralph Leach's call of yesterday - NYC - 425-2323 We haven't yet responded to the Houthakker's invitation to you and Mrs. Volcker to an informal dinner they are giving at their at 800 PM on Friday, April 10, to home, which they are inviting Thomas Balogh, of Balliol College, Oxford, the Derek Mitchells, Bob Solomons, Mayos, and de Mauldes (Financial Attache at French Embassy). Your cal. is clear. 4rU fr.( ACCEPT REGRET (Or are you holding off in case you and Mrs. Volcker can get away to Florida that evening?) 10:40 AM - Dr. Walker called again; I explained you were with Secy & due on Hill at 11:00. He said "Never mind." 11:30 AM - Dr. Alpher's office called to ask if you could come tomorrow at 11:00 AM -- apparently he has to spend some time at the hospital and this is the only time he can offer you, so I said OK. You have Robt. Jamesvan Vlierden, of Bank of American, coming at 10:30 (I had already switched • Messages for Mr. Volcker - 2 - March 24, 1970 their appt. from 11:00 to 10:30 when I thought you had to see Cong. Springer at 11:30. I called to see if I could shift them again but this was impossible; but they understand you have to be somewhere else at 11:00. I checked Mr. Petty's cal.; he has someone coming to see him at 10:30 which Mary thinks will only take about 20 minutes and which she s could switch to tomorrow if necessary. She said Mr. Petty had a meetim out of the bldg. at 11:30m but presumably he could take over James and van Vlierden (who want to discuss intl. banking) from about 10:50 to about 11:15, if you wished. Shall we try to arrange that? YES X NO 11:45 AM - Rose Cicala called to ask if you could be in Secy's office at 9:45 AM tomorrow tic with Mr. Petty on OASIA. OK. On cal. Told her Messages for Mr. Volcker - 3 - March 24, 1970 12:45 PM - Rose Cicala called and said the 9:00 AM mtg. in Secy's office tomorrow morning is being cancelled. Noted on cal. 3:05 PM - Mr. Jurich would like to see you for 10 or 15 minutes on a paper he has just received for the NSC Under Secy's Crate. on the stationing of U. S. forces in Germany. Messages for Mr c Volcker - 1 - March 23, 1970 11:40 AM - Mr. Willis called & said neither Mr, Petty nor Widman would be able to sit in when Kashiwagi sees you this afternoon because of some conflicting meeting but he, Willis, would be available to sit in and he understood that Widman planned to have someone from his staff (Donn Smith) sit in as recording officer. I told Mr. Willis about Kearns' desire to sit in and Mrc Willis suggested I give a copy of the message sheet about Bostwick's call and the followup from Kearns this morning to Mr. Petty -- who will be seeing Kashiwagi when you finish with him and who had planned on covering trade and Exim matters I have therefore done this in case Mr,. Petty wants to discuss with you sometime before Kashiwagi comes. Also Donn Smith called and said he would send down a list of the people who would be attending with Kashiwagi. 12:10 PM - Mr. Bean is getting the Percy letter put in final form for signature and said Mr. Jurich seemed to think it might be better to have it done for your signature, rather than the Secy's, since the letter is i rather late and this would down-play it a bite Is this agreeable to you? YES NO Messages for Mr. Volcker - 2 - Merch 23, 1970 12:20 PM - Ralph Leach called and would like you to call him. NYC - 425-2323 3:45 FM - Mr. Weatherbbe called. He wondered whether he might come in es. this afternoon to talk with you about super grad I told y this afternoon him you were meeting with Mr. Kashiwagi and part stggested which would entail the rest of the affirnoon and 9:00 a.m. tomorrow morning (Tuesday, March 24). Your calendar herbee. is clear - and this was satis§actory with Mr. Weat ON CAL. just been informed that 3:45 PM - Mr. MacLaury called and said he has Retirement Fund the Rules Cmte. is acting on the Railipad be necessary to matter tomorrow afternoon so that it would morning, rather meet with Congressman Springer tomorrow , if it is to than on Wednesday morning, as he had arranged ce is suggesting have any value, and the time Slringer's offi to see Schaetzel. is 11:00 PM tomorrow, when Secy. & you are Lennep at 12:30 thru Secy. & you are also meeting with van lunch tomorrow, and after, if necessary. I told Mr. MacLaury he would like to I didn't know what the priorities were and uss this and also see you as soon as Kashiwagi leaves to disc Savings Bonds. 1 717)e, Messages for Mr,. Volcker - 1 - - • . Thursday, March 19,1970 9:15 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary4 Dining Roo m today. (79:20 AM - Gene Lindberg, Chase Manhat tan, called. He asked that his call be returned. (Mr. Lindberg will be out of his off ice between 10:00 acm. and 11:00 a.m .) A.C.212-552-6487. 9:30 AM - Mr. Jurich's secretary cal led to say that he has a State H ItV C w offifIeJix H p Department meeting at 3:00 p.m,. thi s afternoon and will go from there directly to the Under Sec retaries' meeting at 4:00 p.m. ArT6 L°) Should you need to talk with him before the Under Secretaries' meeting, she will know where to reach him . (Gladys Reed - 5246) 10:50 AM - The Social Secretary to the Ger man Ambassador and Mrs. Pauls called to extend an invitation for them to you and Mrs. Volcker to a black tie dinner in honor of the German Minister of Finance, Mr. Alex Moeller, on Wednesday, April 8, at 8:00 p.m., at 1900 Foxhall Roa d, N.W. Your calendar is clear. you YES Is it all right to accept for for you and Mrs. Volcker NO RSVP - Mrs. Lissance - 331-3205, 11O March 19, 1970 Messages for Mr. Volcker 11:10 AM - Mr. Widman's office called to ask also attend your meeting with he knows Mr. Neale from his of his office ther Mr. Mackour/might an Neale this noon -- ecent tour of duty in London. Is it all right for Mr. M ckour to attend? I explained that you w re and that we might YES NO ttending a meeting right now have an a wer for Mr. Mackour in time -- but suggested that he come n with Mr. MaKko Widman -- and if it was your dainking tha the group attending should not be further enlarged, Mr. Mackour would then _// (2896) be so informed. 11:40 AM - Jim Smith stopped by with the following message: -- He had talked with John Nolan again -- and has verfiied his impression with Jack (John Nolan) that at no time in his discussions either with Commerce or with Flanigan at the White House did he ever tmply that Treasury was recommendin• g the business tax proposals. We are merely providing them with technical advice as (Commerce) to how they/could do it if Commerce had the approval of Budget. 11:50 AM - Mr. Flanigan's secy called & said to tell you he wanted you to know that"the restructuring of income tax rates for small business is coming out of the Message entirely and all the things are worked out and they are going ahead with it." Messages for Mr. Volcker - 3 - March 19, 1970 12:35 PM - Bill Simon called & would like you to call him. (D.C. number - 347-4651) 12:40 PM - Mr. Weidenbaum would like to give you a quick report on the Senate Finance Cmte. actions this morning. He'll be leaving for lunch about 12:50 PM and has a 2:30 in his office. 12:50 PM - Mr. Weidenbaum said he had to leave for lunch and to tell you the Senate Finance Cmte. rejected the Williams' amendment on 67 Savings Bonds this morning, but the Senator said he will introduce it as a amendment to the unemployment compensation bill on the floor, The Cmte. approved the unemployment compensation bill this morning and it will next go to the Floor. Weidenbaum said this is all he had to tell you unless you have some questions .11 Messages for Mr Volcker - 4 - March 19, 1970 5:40 PM - Mr. Hirschtritt called and asked that we hold 11:30 a.m. and 2:30 p.m. tomorrow, Friday, March 20 - for Mr. Petty and him to meet with you to discuss the Peterson Commission report and brief you for the 3:00 p.m. Under Secretar*es' meeting. ON CAL. NOTE: Secy's Staff mtg, at 8:45 in morning has been cancelled NOTE: George Krumbahr, Minority RkR Staff member of JEC, called this afternoon to ask what was the balance of payments effect in 1969 of letting the Roosa bonds lapse. if he could call Mr this info K I asked Mr. Nelson and Mr. Nelson called back and said wasn't public yet and he thought he better get some guidance from you before calling Krumbahr. Messages for Mr. Volcker March 20, 1970 - 1 - behalf of 12:30 PM - Mr. Weatherbee's secy called to invite you on Mr. Weatherbee to be in the Secy's Dining Room today at 5:00 PM to say farewell to Mr. Eggers. 3:00 PM - Will note on your cal. Dr. Walker's office called to say that the meeting on the Proxmire Amendment: "To force the Fed to discount Home Loan Bank paper" will be in his office tomrrow at 10:00 a.m. (Saturday, March 21). Attending also will be: Bryce Harlow and Bill Timmons of the White House, Senator Bennett, Jim Smith and Chairman Burns. -- ON CAL. NOTE: The time is tentative, subject to the availability of all the participants. called. You were the first one to be - 1 - Messages for Mr„ Volcker Tuesday, March 17, 1970 9:10 AM - Richard Urfer of the Office of Foreign Direct Investment, Commerce, called. He asked for about 15 minutes with you on a personal matter. I gave him 10:00 a,m. on Wednesday, March 18 -- and told him that I would confirm this about 9:30 a.m. on Wednesday. (343 - 7327) Is it all right to confirm? YES ON CAL. NO OTHER 10:50 AM - Mr. Harley stopped by to check your calendar for Friday, March 27. He has asked us to put a hold on 3:30 p.m0 on that day for a National Advisory Council Principals' meeting on ExIm Questions. The meeting will be held in Room 4426. Mr. Harley will confirm. ON CAL. 11:40 AM - Mr. MacLaury has arranged the meeting with Dr. Oliver Jones (the group to consist of about 6 or 7 from the Mortgage Bankers Association), Woody Kingman, head of GNMA -- with Mr. MacLaury, Mr. Geng -- and he suggested Robert Hunter, if he is here, otherwise Mr. Thomson -- from Treasury -- to meet with you in your office at 10:00 a.m. on Thursday, March 19. NOTE: Mr. MacLaury said he had understood this originally was going to be at 9:00 a.m. in Dr. Jones' office; but thought it preferable that the group meet in your office at 10:00 a.m. if your calendar was clear. ON CAL, Messages for Mr. Volcker - 2 - Tuesday, March 17, 1970 11:45 AM - Mr. Samuels returned your call. (101-20410) 12:50 PM - Mr. Houthakker called & would like you to call him tomorrow. 103 - 5046 2:50 PM - The Secretary's Operator has informed us that the Secy's Staff meeting scheduled for Friday, March 20, has been cancelled, 3:05 pm CAL. NOTED. Wed,, March 18, Mr. MacLaury called for a time tomorrow morning/when you might talk with Mr. Hunter. C PPc E.F ti,t) NOTE: ix) Atqlktne• g )61)1 F fW gave him 9:30 A.M. - CAL, NOTED. I have changed the time for Mr. Urfer from 10:00 a.m0 to 10:15 a.m. - CAL. NOTED. I have mentioned the Staff Policy Meeting in the Secretary's ttrig) GS Lot Hot.) p t+Lov1eP REMINDER: Office at 9:00 a.TTL tomorrow to Mr. MacLaury (which you attend) and /which probably will not run too long since the Secretary is due to attend a 9:30 a.m. Cabinet Committee Mtg. Call/Prof. Machlup to tell him you are not attending the Mtg. of Officials and Academics in Torremolinos, Spain, Telephone: 609-452-4049 or March 19-22 (Thurs.-Sun.) tilts; 4048,( NOTE: far (44t-Q) Do you wish someone to sit in on your meeting with Alan Neale (Deputy to Frank Figgures) at Noon on Thursday, March 19? Mr, Widman Derek Mitchell is accompanying Mr. Neale, Other ? , e~ 2 e 0 ee-0e te0 Messages for Mr. Volcker Tuesday, March 17, 1970 - 3 - 5:00 PM - Don Bostwick, Executive Vice President of the EXIM Bank called to say that Mr. Kearns had just called from Tokyo. Mr. Keans He had seen Mr. Kashiwagi on Monday evening - and/had following asked Mr. Bostwick to get the/message to you. 1. Mr. Kearns would like to talk with you before your meeting with Mr. Kashiwagi. 20 If at all possible, he would like to sit in on your meeting with Mr. Kashiwag0 (Monday, March 23 - 3:30 pm or at least that part of it invoking the EXIMBANK. Background for two points above: Mre Keans says that Mr. Kashiwagi's primary mission is to find out just generally what is going on in the U. S. economy, etce The key point, as far as EXIM is concerned, is that he (Mr. Kashiwagi) is the principal on whether Japan buys EXIMBANK credits. 101 Mr. Bostwick mentioned that was the procedure which was/discussed with Treasury by which the U. S. continues to make loans to Japan, but then, in effect, Japan buys back those loans. Mr. Kashiwagi, though, wonders whether this procedure is acceptable to the U. Se Government (Treasury) and is seeking that assurance. EXIM would like to see him get that assurance. continued-p4 - 4 - Messages for Mr. Volcker Tuesday, March 17, 1970 Mr. Bostwick message contd. - in According to Mr. Bostwick, Mr. Keans is expected back Washington on Saturday, March 21. Do you wish to include Mr. Kearns in your meeting with Mr, Kashiwagi? 2. YES NO your Shall we arrange to have Mr. Keans come in prior to NO YES meeting with Mr. Kashiwagi? just iwagi If yes, 3:00 p.m.,/prior to your meeting with Mr. Kash is clear on your calendar. OTHER (Mr. Bostwick - 128-28164) 1 Messages for Mr. Volcker NOTE: Monday, March 16, 1970 Mr. Mann's secretary has a reservation for you at the Waldorffor Mr. Morrow Astoria for tonight - and arrangements have been made/to pick Mr. Mann up at the West Basement entrance (White House -West at 9:00 p.m. Executive entrance)/before proceeding on to the Carriage House for you and then on to, National Airport for the 10:00 p.m0 shuttle to La Guardia. -- We also have a reservation on American Airlines Fl. No. 492, Tuesday, March 17 which leaves National at 7:30 a.m./- to arrive La Guardia at 8:23 a.m. 9:00 AM -The secretary to Carter Brown, Director of the National Gallery of Art, called to invite you and Mrs. Volcker to the opening of an exhibit on American Realism at 3:00 pcm. on Saturday, March 21st -- with a luncheon at 1:00 p.m. (to pxoRE precede the opening) by Mr. Brown, at the Sulgrave Club, 1801 Mass. Ave., N.W. Your calendar is free. Do you wish to accept for yourself and Mrs. Volcker? NO YES (Mts. Foy - 1218 - 243) -- NOTE: According to Mrs. Foy, an invitation to the above had been mailed on March 3 - with a RSVP enclosure to return. Since the card had not been returned, she called to inquire as to whether the invitation had been received0 told her it had not been received by us by mail -but would extend the invitation to you and be back to her with your reply. Monday, March 16, 1970 - 2 - Messages for Mr. Volcker 10:00 AM - Pat Jordan, secretary to Joe Hutnyan, Washington Bureau Chief on behalf of Mr. Hutnyan of the American Banker, called to invite you/to the White House Correspondents Association dinner -- 6:30 p.m. cocktails; 7:30 p.m, dinner -- Black Tie -- at the Sheraton Park. This is the dinner given each year to honor the President - and will take place on Saturday, April 18. On your calendar: NOTE: You are attending a dinner hosted by Ambassador Schaetzel in Brussels on Sunday, April 19 -- with the possibility of your departing Washington for your Brussels trip on Saturday evening,i8x April 18. (You lunch with Amb. Eisenhower, et al. on Monday, April 20, meet with Raymond Barr; and in the evening speak at the Annual Dinner of th? American Chamber of Commerce at Brussels.) REGRET Do you wish to ACCEPT mr. (Pat Jordan - 347-5529) Hutnyan's invitation? 12:30 FM - Mr. Widman called to say that Governor Daane had regretted your invitation to the Kashiwa 7 dinner on March 23rd. He asked whether he should instead now invite GOV. BRIMMER mr. 2:45 FM - or ROBERT SOLOMON Widman - 2896 Mr. Auten called from Paris. -A The fd JI/ all was transferred to already left° Camp David - but you had Mr. Widman. He talked with 1 Messages for Mr. Volcker Friday, March 13, 1970 9:30 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secy's Dining Room today. 10:00 AM- Gen. Lincoln - Chairman of the Oil Policy Cmte., called. He wanted to talk with you about the meeting scheduled for 2:00 pm today, and asked that his call be returned. (103-5864) 11:15 AM - Gen. Lincoln called again. 11:50 AM - Mr. Petty called. He wondered whether he might come in about 12:15 PM or 12:30 pm - - to talk with you about the Under Secretaries' meeting scheduled for Friday, March 20 -- with regard to the Peterson Commission views on foreign aid. Txteddxhaxxylauxwuxu I suggested that he be on standby -- to come in as soon after 12:00 noon as you were free to see him. (2522) Friday, March 13, 1970 - 2 - Messages for Mr. Volcker whether you 1:30 FM - Mr. MacLaury (with Mr. Thomson) stopped in to ask acked might see them sometime this afternoon about the mortgage-b bond program. I gave them 4:30 p.m. They know you are attend- standby ing a meeting at 2:0Aut of the building and will be on should you not return by 4:30 p.m. 2:30 PM - Mr. Willis called. ON CAL. (5848) He would like to talk with you -- either on in.__ He had a call from Mr. Korp the telephone, or will come IIour If attitude on the about ring inqui was a Ossol Mr. who said Fund paper on Flexible Rates. (5334) 4:35 PM - Mr. Petty called again - about talking with you sometime this afternoon about the Friday, March 20, Under Secys' Mtg. I told his secretary we would call when you are free. NOTE: (2522) Gov. Daane's office called and said they are inviting the Ghiardis and the MacLaury to their house for cocktails as well as for the dinner for the Gilberts and Ferrns on Monday NOTE: Mr, Auten is not leaving for Europe until. 7:00 AM on Sunday. I asked him to check in with us before he leaves this evening if you haven't seen him before then_ 4:45 PM - Pete Nagen called and would like to see you next Wednesday or Thursday for background on innovations in debt management. Shall I give him a time? YES x/K NO Messages for Mr. Volcker March 12, 1970 1 9:35 AM - Mr. Bergsten called and would like you to call him. said it wasn't urgent. He 103 - 5026 has been informed that you will have ce offi ee's herb Weat Mr. AM 9:15 lunch in the Secretary's Dining Room. 10:30 AM - Mr. Hirschtritt called. to He asked whether he might come in or two "Peterson" questions. see you at 12:00 noon about one ON CAL. NOTE: Ernest Stern of AID Mr. Petty's office advises that today ing meeting at 4:30 p.m./ will be attendfthe Debt S..?_rvice be the regular AID instead of Mr. RAI Poats and will representative. Executive Director at the World 11:30 AM - The secretary to the new German Wilhelm Hanemann, 1 -- called to Bank/-- who replaced Ernst vom Hofe on February tesy call on you say that Mr. Hanemann would like to pay a cour during week of at a time convenient to you. I explained that/the iderable March 16 you would be away from your office a cons possible Spain part of the time (Camp David, New York, and the trip) and suggested 10:30 a,m. on Monday, March 23. call back to confirm. Do you wish Mr. Widman to attend? (Miss Wellmerk - DU-1-2295.) YES NO She will Messages for Mr. Volcker NOTE: March 12, 1970 - 2 - Mr. Johnson at State called to invite you to a luncheon Secy. Rogers is hosting for Mr. van Lennep at Stateo on Wednesday, March 25, at 1:00 PM. and has accepted. Board. He said Chrm. Burns had been invited This is the usual day for tf- e lunch at Fed Otherwise, cal. clear, (101 - 20729) ACCEPT REGRET NOTE: Dudley Chapman, Exec. Secy. for Oil Policy Cmte., called to say there will be a meeting of principals at 2:00 PM on Friday, March 13, in Rm. 326, Winder Bldg. (1) Foreign trade zones; (2) The items on agenda are: Residual fuel oil exemption for Districts 2 - 4; (3) #2 fuel oil on the East coast. I got this message on Tuesday afternoon of this week, following my inquiry to Chapman's office as to what decision had been made about the 2-hour weekly meetings they had been talking about, in light of the fact that SIRXE)C Secy. Kennedy had, at Chapman's request, suggested 3:00 to 5:00 on Wednesdays and both Secy and we had been holding those times. Mr. Chapman said they received a variety of suggested times from the various members and no decision had been reached on a regular weekly time I informed Rose Cicala so she could clear the Secy's cal. and also told hr about the Friday mtg., which she said she was sure Secy could not attend because he had to be at the White House. Messages for Mr. Volcker - 3 - March 12,1970 I also informed Mr. Mack about the meeting and he said he was going to a working group meeting on Wednesday and would after that be sending you some information. Friday appt The 2:15 PM you had to see Joseph N.Greene who is going to London as DCM has been indefinitely pmfint postponed -Greene is not going to London until later and wants to see you near er the time of his departure, sometime in April, so this will & I'm holding time for Oil mtg. be rescheduled. Therefore, your cal. is clear Friday afte rnoon! Mr. Mack said he doubted Secy. would want to go to the Oil Policy Cmte. mtg. in any event but he would try to get some intelligence at Working Group mtg. and let us know . NOTE: George Spencer at Fed Board called to say Gabriel Ferras and Milton Gilbert are going to be here all of next week and would like to see you. I explained you'd be out of town Monday and Tuesday and hadn't definitely decided about a the trip to Spain the latter part of next week but said I thought this would be resolved soon and I would be back to him. 147 - 326 10:30 AM - Gov. Daanex's secy. called to invite you and Mrs. Volcker to cocktails at Gov. and Mrs. Daane's home at 7:00 PM on Monday evening, March 16, followed by 8:30 PM dinn er at the Carriage House at the Snuggery -- for Mr. and Mrs. Gilbert and Mr. Ferras. They are also inviting the Ghiardis and the MacLaurys to the dinner only -- not to cocktails -- and no one else is being invited. You should be back from Camp Messages for Mr. Volcker March 12, 1970 - 4 - David by 5:00 or 5:30 (the secy, according to latest schedule of his cal.,is staying on at Camp David until about noon on Tuesday -- but Rose assures me this is not related to the Treasury staff meeting, which is still scheduled to end about 3:00 or 3:30 on Monday.). You are invited to dinner in New York with the Paper Institute but haven't responded. With respect to the Daane invitation, do you wish to: ACCEPT Vik. t1J-1 REGRET 11:15 AM - Dr. Robert Ao Kavesh, with the School of Businea3Adm. at New York Univ„, called and said he was a Montclair friend of yours. He said you shwa should have received a letter from John Kendrick, dated March 9th, inviting you to speak on December 28th at a Joint Luncheon of the American Economic Assn., the American Finance Assn., and the American Statistical Assn. I told him we had not yet received the letter0 He said Kendrick unfortunately misspelled your name and did not indicate in the letter that the meeting would be held in Detroit; also there is some chance the luncheon might be on Dec. 29th instead of Dec, 28th. He said there will be 10,000 top economists there for their annual convention and he said to tell you "Larry Ritter and I insist that you do this.':' Mr. Kavesh said he is Secyc Treasurer of the Messages for Mr. Volcker - 5 - March 12, 1970 Finance Assn. but, quite aside from that, this in his opinion is the one thing that you really should do. I told him I would pass this all along to you and that I suspected you would do it. Messages for Mr. Volcker _ 5 March 12, 1970 Finance Assn. but, quite aside from that, this in his opinion is the one thing that you rea lly should do. I told him I would pass this all along to you and that I suspected you would do it. 2:35 PM - Mr. Jurich's office called concerning two Under Secretaries' meetings: (1) Under Secretary Richardson to chair mee ting of NSC Under Secys' Comte. on Peterson Task Force and Exec. Branch views on Foreign Aid in preparationfbr NSC review of For. Aid on April 1. This was scheduled for 4:00 p.m° on Thursday, March 19, but has now been switched to 3:00 p.m. on Under Secretary's Friday, March 20 -- and will be in the/Conference Room 7th Floor - State Department. (2) CAL. NOTED. Another Under Secretaries' meeting is scheduled for 4:00 p.m. on Thursday, March 19, in the 7th Floor Con ference Room at State; subject: ON CAL, Future Offset Arrangements with Ger many. Messages for Mr. Volcker NOTE: - 6 - Thursday, March 12, 1970 Dr. Jones has a reservation at th e Howard Johnson Motel in Omaha, Nebraska from approx. 11 :30 p.m.(Washington time)on Thursday, March 12, to approxim ately 800 aom.(Washington ti me) on Friday, March 13 -- when he leaves for a flight to Lincol n, Nebraska to arrive there at 10:30 a.m.(Washington time). He leaves Lincoln approx. 3:30 p.m.(Wash. time)for a re turn flight to Friendship Airport -- arriving about 8:00 p.m. (He will be at home over the weekend - and in his office on Monday morning.) -- Dr. Jones' secretary was un able to say where he might be reached between 10:30 a.m. and 3:30 p.m. She suggested that we might leave word at the Howard Johnson Motel in Omaha for Dr. Jones to call you at a time when he might be free. (He does have a sp eaking engagement in Lincol n, but she was unable to furnis h the details.) Shall we leave word at the Howard Johnson Motel forDr. Jones to call? YES NO Or - shall we leave word at his home to call you at home snx8sinimpix*x on Fridajevening /on his return'? YES NO mmxYmaxiumaxxxdimuRxximgagiami amtxwithxtxMall 12 Reservation Thursday, Marc h/at Statler-Hilton, Los An geles, or Los Angeles-Hilton. Poss ibly can be reached in his room between 5:30 p.m. and 7:30 pm (Wash. time).today. Messages for Mk. Volcker - 1 - March 11, 197) 10:40 AM - Mr. Carroll at Chase Bank called and would like you to call him. 552-3063 11:40 AM - Mr. Jost called and said to tell you they have issued a binder and your cars will be covered on March 12th. I asked him about the cost and he said he wouldn't be able to tell me that until he got the papers back from the insurance people -- within the next day or two. 1:15 PM - Dr. Oliver Jones returned your call. He will be in his office until 3:15 p.m. this afternoon - when he leaves foilthe rest of the week. 1:40 PM - (298-9220) Mr. Widman's office called to say that the Dinner you are hosting for Mr. Kashiw4 will be in the Board Room of the Madison Hotel. Cal. Noted. (Informal-stag) Thrott Mr. Widman, the Secretary has extended an invitation to you to attend the dinner he is hosting for Krister Wickman, Swedish Minister of Industrial Affairs, on Thursday, March 26. Tentative details -- to be confirmed: 7:30 p.m. dinner - at the Blair House -- possibly Black Tie. Your calendar is clear. Is it all right to accep ,f YES NO 1:55 PM - Mr. Callander stopped by. cpAS He said he would like a few minutes with you as early as possible -- to show you the footnotes on the DM revaluation. I gave him 2:30 p.m. - - ON CAL. Messages for Mr. Volcker 4:35 FM - Dr. Wallich called. - 2 - Wednesday, March 11,1970 He asked that his call be returned. (5881) 4:40 PM - Mr. Callander stopped by. He said He has one additional point - which will take about 45 seconds - and would like to see you when you are free. 4:30 PM - Frank Clifford - FNMA - called. returned. -- 5577. He asked that his call be 293-6072. 5:05 PM - Mr. Jurich returned your call. (5264) 5:15 PM - The Secretary's staff for Friday, March 13, has been cancelled. -- Cal. Noted. 5:15 PM - Mr. Coombs returned your call. 5:30 pm - Gov, Daane called. He asked that his call be returned. Messages for Mr. Volcker - 3 - 6:00 FM - Fred Bergsten called. Wednesday, March 11 He asked that his call be returned. (103-5026) 5:55 PM - Arnold Clift of Derek Mitchell's staff at the British Embassy called. Alan Neale, who is Deputy to Frank Figgures on financial matters in the Treasury, will be in Washington on Thursday and Friday, March 19 and 20, and Mr. Mitchell would like to bring Mr. Alan in to have a chat with you. I told Mr. Clift that you may be away during this time (you have the meeting of Officials and Academics in Spain noted on your calendar for Thur s-Sun., March 19-22), but would give him a tentative time subject to confirmation. Mr. Clift suggested 12 Noon on Thursday, March 19 - and I have put a hold on that time for Mr. Neale. He will be accompanied by Mr. Mitchell. OM dm Cal. noted. 4 Messages for Mr. Volcker - 1 - March 10, 1970 12:55 PM - Mr. Hirschtritt called and asked when he and Mr. Willis might see you for two minutes this afternoon on how to handle the NAG report. 1:00 PM - Mr I suggested 4:45 PM. On cal. Geng asked for a time for a meeting on Treasury cash financing. Gave him 10:00 AM tomorrow. He said he'd be getting a memo in to you on this. 1:30 PM - Mrs Volcker called and said Geico called and said they would give you the liability you wanted and the cost would be for the Ford $115.20 and for the Plymouth $195 90, Mrs. Volcker said if you don't want this she would appreciate my calling Geico - Mrs. Holmes - 656-1000, Ext. 43 in Sales and telling her so. 3:50 PM - Dr Burns called and is anxious to speak * with you just as soon as you get back. 147 - 201 - 1 - Messages for Mr, Volcker Monday, March 9,1970 9:10 AM - The Secretary has invited Chairman Burns to lunch at Treasury today and Mr. Weatherbee's office has been informed that you will have lunch with them. ON CAL. 9:15 AM - Mr, Widman has set 7:00 p.m0 for cocktails and 7:30 p.m0 for the dinner which you are hosting for Mr. Kashiwagi on Monday, March 23. He also indicates that this will be at the Madison Hotel -- but will confirm. ON CAL, 10:35 AM - Mr. Roosa called. He asked that his call be returned -- he expects to be at his desk all day. A .0 .212-269-1650. 10:55 AM - Mr, Schweitzer's secretary called to say that he had suggested that you and Dr. Walker meet him in his office (Room 1200-F at the Fund Bldg.) at 5 minutes of 1:00 tomorrow, Tuesday, 3/10 and then go on to the Dining Room for lunch. -- CAL. NOTED. 11:50 AM - Mr. Petty's office called to ay that a meeting on debt servicing has now been set for 4:30 p.m. on Thursday, March 12, in Room with you 4426G Attending/will be: Messrs. Ed Gordon Hirschtritt and Finkel from OASIA; Mr. Boswick from ExIm; Samuels from State; Mr. Bergsten; Poats, AID, Messrs. Solomon and Daane; and someone from BOB (Probably Mr. Bray). ON CAL. (Mr. Gordon anticipates that this meeting will not take more than one hour.) 0 Messages for Mr. Volcker REMINDER: Call Paul Wren - 1 - March 6, 1970 Boston - AC 617 - 434-4604 9:35 AM - I told Mr. Weatherbee's office you'd lunch in Secy:s dining room today, Messages for Mr. Volcker NOTE: Thursday, March 5, 1970 Mr. Morrow has a doctor's appointment this afternoon and will be away -- either Mr. Colman or Mr. Cummings will replace him. 9:10 AM - Peter Flanigan called. I told his secretary you had a large group meeting with you and asked whether he wanted to call yom you out of the meeting. He said not to interrupt, but he asked that his call be returned when your meeting is over. (145 - 0) 9:30 AM - Jerry Nisenson called to say that the luncheon which you will host for Alex Moeller, the German Finance Minister, has been set for 1:00 p.m. on Wednesday, April 8, in the Secretary's (tentatively) Dining Room. He said the guest list/ will include Messrs. Petty, MacLaury, Widman and Willis from Treasury - with one or two from other agencies - and the German group of about 3 or 4. He will have the firm list to you within a week. (ON CAL) -- Mr. Nisenson has also arranged a meeting for Mr. Moeller with you in your office for 12:00 noon -- preceding the luncheon. (ON CAL,) -- He said further that our Ambassador to Germany, Kenneth Rush will be here three days -- April 7-8-9 and would like to for a meeting in your office with the Amb0 put a"hold" on your calendar for 10:30 AM/(prior to your meeting with Mr. Moeller) on Wednesday, April 8. is clear and has been noted. this. CO erlam ep• - Mr Your cal0 Nisenson will confirm Messages for Mr. Volcker March 5, 1970 - 2 - 10:50 AM - Mr. McCracken returned your call. 103 - 5036 11:20 AM - George Lingua of the First National City Bank in New York called. He said he had some information for Dr. Walker with regard to recruiting - and had been asked to give this information to you in Dr. Walker's absence. -- He is on vacation from the bank and at his home in New Jersey. He is leaving now on an errand, but will be in from 11:45 am Pm to 12:4/ (and in and out the rest of the day) -- and can be reached at home on . - 3-- Messages for Mr. Volcker 2:55 PM - Bert Cox (CEA) called. Thursday, March 5, 1970 He asked that his call be returned. (103 - 5084) 2:45 PM - Mr. Thompson of First Natl. City Bank called -- will be in his office until 6:o0. NYC 559-2235 3:10 PM - Mr. Englert stopped by and said on the question ;you asked him about this morning there is no problem. REMINDERS: Call David Carroll - 552-3063 Call Paul Wren. NOTE: AC 617 - 434 lifir(/X 5 Mr. Wallich's secy. said Prof. Burton Malkiel is at Princeton AC 609 - 452-4019 a March 4, 1970 -1- Messages for Mr. Volcker 9:25 AM - Mr. Dale called you and would like for you to call him. 181-3067. REMINDERS Call David Carroll. Call Paul Wren. REMINDER: 552-3063 AC 617 - 434-4064 Mr. Petty wants to see you. Mr, Nelson needs to see you sometime today -- can't stay late tonight. tion 9:45 AM - Suzanne in Robt. James' office called to extend an invita to you and Mrs. Volcker from Mr. & Mrs. James to a black tie dinner la they are giving at 8:00 PM at the F St. Club on Wed., March 25, to introduce Mr. C. M. Van Vlierden, Exec.* V.P. with the Bank of America and new head of the Intl. Banking Dept. in the San Francisco office of Bank of America, Also, Mr. James would like an appointment to bring Mr. Van rJx Vlierden in to see you sometime during the day on March 25th xix to introduce Mr. Van Vlierden and discuss international banking. ing Your cal is presently relatively clear on March 25th, includ evaning. Do you wish to accept for you (if they want you alone, which I am sure they will) and regret for Mrs. Volcker for the dinner? YES 1 (628-8181) NO OK to give them an appt. during day? YES N0 IP Messages for Mr. Volcker NOTE: March 4, 1970 - 2 - Mary Harris suggested 3:00 to 5:00 PM on Wednesdays for the regular weekly meetings of the Oil Policy Cmte. but said she expected you'd have to go to most of the meetings. I wonder if we should get a backstop for you as well? 10:45 AM - Mr. Mann's office called to ask if you could attend a mtg. at 3:30 today in Mr. Mann's office, Rm. 246, EOB, on the Home Loan Bank Board's draft bill to create a secondary mortgage market; they are also inviting Preston Martin and Peter Flanigan and Bill Fischer, of the Budget's Legislative Liaison,may also attend. Your cal is clear. you'll attend (I've alerted Mr OK to say Snyder to deadline for his work on the draft bill) YES NO Do you want to take Ed Snyder with you? YES NO 10:55 AM - Joe Slevin called and said he'd seend you last night and you suggested he call to see what time this afternoon might be a good time to call you I suggested we call him, since your availability is very uncertain. 393-6686 Messages for Mr. Volcker -3- March 4, 1970 3:30 PM - Henry Wallich called and would like for you to call him. He will be in the office until 6:00 RM. 5881 5:25 PM - Clyde Crosswhite called and said there will be an NSC Under Secy's mtg. in Richardson's office at 4:00 PM tomorrow on Spanish base negotiations and you should attend. He said they just got a paper on this 20 minutes ago and he will coordinate with Widman's shop and try to get the paper down to you tonight. Your cal. is clear at 4:00 tomorrow. On cal. 5:45 PM - Mr. Willis called and said he needs to see you tonight on a memo on the statistical treatment of German revaluation problems. Commerce will be puttilag bringing their figures up to date tomorrow and if they don't have the answer the first thing in the morning they will have to make some hand wmx written changes later. Mr. Willis said he and the others have reached a resolution among themselves and just need to touch base with you. I told him we'd call him when you were finished with Mr. Slevin. 6:20 PM - Bill Dale called and said he needed to talk with you sometime within the next 24 hours and you could either call him tonight or he could catch you some time tomorrow. on after you finish with de Koch tomorrow. I suggested he stay Messages for Mr. Volcker March 3, 1970 - 1 - 12:25 PM - Paul Wren called and said he started an argument with you in NY on Friday about Ginny May and mortgage financing and got interrupted and would like to continue it. He will be out to lunch from about 1:00 to about 2:00 but otherwise expects to be in his office and would appreciate a call when you can spare him a little time. AC 617 - 434-4604 12:27 PM - Mr. Petty would like to see you for about half an hour sometime this afternoon. He expects to be in his office most of the afternoon and available. I said we'd call when you were free. 2:15 PM - Mr. Weidenbaum would like to see you. 2:55 PM - Secyc would like to see you when you return. Mary asked that we call her when you get back to see what Secy's situation is then 3:05 PM - Mr. Widman called and said to ask you whether you would be interested in hosting a dinner for Kashiwagi on Monday, March 23rd. Mr. Widman said we are committed to offer Kashiwagi a dinner that evening and if you can't host it Mr„ Petty can but Widman thinks it would be better if you hosted it. If you have any suggestions as to the kind of dinner, Mr,. Widman would appreciate having them, Messages for Mr. Volcker - 2 - March 3, 1970 Are you willing to host such a dinner (your cal is clear)? YES NO OK to invite on the Japanese side Mr. Nakajima, Financial Minister at the Embassy, Mr. Watanabe, Financial Counselor at the Embassy, and Mr. Suzuki, Exec. Dir. of IMF? YES NO If you host, on the U.S. side, the possibilities are in order of precedence: Mr. Petty Mr. Jurich Mr. Bill Dale Mr. Hirschtritt Mr. Willis Mr. Widman I guess Mr. Widman would like you to play Solomon and decide who gets cut out. He says in order to have a private room it is usually necessary to pay for 12 dinners. 3:12 PM - Mr. Mann called and would like you to call him. 103 - 3680 3:15 PM - Chrm. Preston Martin called and would like you to call him. His secy. said she thought it was on the secondary mortgage market & subsidy legislation. 129 - 5321 Messages for Mr. Volcker Monday, March 2, 1970 - 1 9:05 AM - Assistant Postmaster General Hargrove called regarding the yesterday letter the Postmaster General had talked with you about/-He said it has a "time urgency" on it -- and asked that he be called as soon as you return from the Staff meeting so that he might bring it over. (177 - 8223) 9:10 AM - Mr. Weatherbee's office called to say that there would be no to Fed lunch here in Treasury since the Secretary has/be on the Hill this morning - but the Secretary's Dining Roam is open and we have said that you will have lunch there today. 9:25 AM - Mr. MacLaury called to say that the IBA meeting at Greenbrier is scheduled for May 6-9 -• and asp/that we note your calendar, (He said he had spoken with you about the meeting but hadn't given you the dates at the time.) -- CAL. NOTED. 10:35 AM - Dr. Wallich asked that we check your calendar for his next Consultants' Meeting which he is trying to set up for Saturday, March 28th -- 9:30 a.m. to 4:30 p.m. -- with the subject: Forecast by Economic Models. Your calendar is clear and has been noted. when arrangements are firm. He will confirm (5881) 11:30 AM - Gov. Daane called and would like to speak to you on the phone when there is a chance. 11:50 AM - Mr.Widman called & said Fritz Berg, Pres, of the German Chamber of Commerce, will be in Washington Friday this week and asked to see you Gave him 11:00 AM. On cal. Messages for Mr.Volcker - 2 - March 2, 1970 12:25 PM — Mr. Nelson stopped by and would like to see you to show you some intelligence papers when you are available. 2884 1:50 FM - Mr. Snyder stopped by with Mr. Panos Konstas, who is a new member on his staff and whom he would like you to meet. They will be in again about 2:30 p.m. 3:10 FM - The Secretary's Operator has informed us that the Secretary's Staff for Friday, March 6, has been cancelled. CAL. NOTED. Messages for Mr. Volcker 3 March 2, 1970 4:30 PM - David Carroll, Vi ce President in the Fiduciar y Investment Trust Dept. of Chase, called you and said Herb. Patterson asked him to touch base with you; that Mr. Patterson trie d to explain to you about how funds could be made availabl e for mortgages using a master note concept and, since Mr. Carroll is the one who concei ved the idea, Mr. Patterson felt it best to have Mr. Carrol l explain it to you. Secondly, you asked about th e use of a person for a coup le of months and Mr. Carroll wa nted to get a better feel for the type of person he should be lookiig for and thought if he could talk to you dire ctly he could get a better fe el oahe situation. Mr. Carrol l said he would be in his offi ce until 6:00 and in the office at about 8:00 in the mornin g. His direct dial number in NYC is 552-3063. - 1 - Messages for Mr. Volcker 8:45 AM - Mr. Petty called. Friday, February 27,1970 He wo ld like to see you the first thing this morning for i)st uctions - and said he would make it very short. (2522) /7 10:15 AM - Mr. Hirschtritt called. He would like to come in to talk with you about an IDB matter. 10:20 AM - Mr (2803) Willis has asked us to put a hold on the following days for three Volcker Group meetings: 2 1. Monday, March/5 - 5:30 p.m. On your calendar: 2. You have accepted an invitation to attend a 6.00 p.m0 reception and 7:00 pm dinner by the Georgia Bankers Association. Thursday, March 5 - 7:15 AM Calendar clear. 3. Thursday, March 12, 5:30 Rmaxtipi On your calendar: and Mrs. Volcker You/have accepted an invitation to an informal dinner by Mr. and Mrs. Palamenghi-Crispis, at their home -8:15p-cocktails; sit down to dinner 8:45 pm or 9:00 p.m. - to be attended also by the Italian Ambassador (who is having cocktails elsewhere and the late hour by the Crispis is to accommodate the Ambassador) Governor Brimmer, Governor Daane and Mr. Petty. (Mr. Willis has been informed of this commitment.) Subjects for discussion: flexibility. CAL. NOTED. Gold problems and exchange Messages for Mr. Volcker - 2 - Friday, Feb. 2/,19/U you 12:05 PM - Mr. MacLaury and Mr. Carlock asked for somekime with/this afternoon to discuss the subject of Mr. Kroll's memo to Mr. Snyder (Feb. 25), attached. I gave them 2:30 p.m. ON CAL. NOTE: Oscar Mackour called and said Joseph Greene, who has been Depy. Asst. Secy. for Int. Org. Affairs at State, is going to London as our First Minister (DCM) and they are arranging backgrounding appts. for him before he leaves. 11:30 AM on Wed., Mar. 11. On cal. I gave him Mr. Widman and Mr. Mackour will both probably sit in. NOTE: Ed Bernstein's secy called and said you and he and Walter Sedwitz were to lunch together all Thursday and it turns out Thursday is a bad day for Dr. Sedwitz and they wondered if you could do it on Wednesday. day for you. I said Wednesday was a bad She checked and said Mr. Bernstein said then leave the lunch with you and him for Thursday and asked if you could see Sedwitz either before or after lunch; I asked what on, and Bernstein indicated he had seen you at ilimehxx dinner last night and discussed with you and it was on Latin American financial problems. for Sedwitz. I gave him 2:30 on Thurs. I checked with Mr. Finkel and he said he sus- pected it most likely was on the question of external debt _ 3 Messages for Mr. Volcker February 27, 1970 but he didn't know how Bernstein entered into it. If you want anyone to sit in when Sedwitz comes (and I'm assuming Bernstein will be present at 2:30, too), the most likely prospects would be Petty and Finkel, in that order, or both. Do you wish one or both to sit in? YES NO 5:30 PM - Mr. McCracken's office called to say they tried to get Secy. Kennedy to attend an 11:30 AM mtg. on Monday, Mar. 2, of the Ad HoscTask Force on a Possible Presidential Message on Trade that grew out of a mtg. at San Clemente and which is now part of the Cabinet Cmte. on Economic Policy, and couldn't get him. They would like you to attend. cal. is clear so I said it was. in from the Your She said there is a man comin EC named Deniau and they (the Task Force) wants to meet before talking to Deniau. She said there were 6 iNorking Groups as part of the Task Force and Mr. Petty was on 3 of them. I called Mary Monomack to try to find out who I should get to do some staff work to prepare you and she had me talk to Mr. Petty, who said he was surprised Mr. McCracken was doing this; he suggested I put him (Petty) down to background you at 11:00 AM on Monday. On cal. • NI • Messages for Mr. Volcker - 1 - Thursday, Feb. 26, 1970 9:55 AM - Mr. Petty asked to see you at 6:00 p.m. this evening. calendar is clear. NOTE: Your ON CAL. He knows that you have a 4:00 p.m. meeting outside of Treasury and may be on a standby until your return. - 1 - Messages for Mr. Volcker February 25, 1970 10:50 AM - Mr. Rose in Peter Flanigan's office called and would like you to call him when you return from the Pompidou mtg. 145 - 2514 10:55 AM - Mr. Petty asked about your cal. for Thursday and Friday in terms of interviewing some people in connection with his reorg. plan. At present, I understand this would involve 3 people and about half an hour each of your time, and one from Phila. two and/thtly would come down from NYC/ You had tentatively planned to spend Friday in NYC and to go to the black tie Natl. Bureau of Econ. Research dinner for Burns at the Waldorf. In the meantime, Mr. Petty did some checking and asked me to hold 1:00 PM lunch tomorrow for one of the NY men. Query: Do you think you definitely will spend Friday all day in NYC? YES NO 11:30 AM - Mr. Petty would like to walk something in for you to read before you go to lunch -- they have to get it up to the Reuss Cmte. • Messages for Mr. Volcker NOTE: - 2 - Wednesday, Feb. 25,1970 Messrs. Weidenbaum, Geng, Snyder and Cook are lunching at the Fed Board today - at the nvitation of Chairman Burns -- who will not be at the lut1cheon because of another luncheon engagement -- Mr. Hollad is hosting. (Mr0 MacLaury also has an outside engagement.) 12:05 PM - Mr. Hirschtritt called and said you should know that the Asian Development Bank Special Funds thing is going up to the Hill today from the President. Also, in connection with your appt. with the Korean this afternoon, you should know that the Asian Bank mtg. is being held in Korea this year & the Secy, will attend, 11:45 PM - Mr. Mack stopped by having just retur ned from the Oil mtg. He will send you a memo but said Houthakker and McLaren insisted they needed more time to look at the figures so the group postponed a decision until they meet at 4:00 PM tomorrow in the same place. However, State does want a decision so they can phone Canada tomorrow night. You have a 3:00 o'clock mtg. of the VG Group on gold at tomorrow but Mr, Mack said the Oil mtg. shouldn't take but about half an hour, so do you think you can let the VG Group continue while you go to the oil mtg, and then rejoin them? YES NO Messages for Ivir. Volcker - 3 - Wednesday, Feb. 25,1970 1:35 PM - Mr. Bradfield called with the following message: "The Patman testimony is not going to be distributed to other agencies today. It is in the process of being you revised and/will be given a revision as soon as available." 2:30 PM - Mr Beach called and asked if you would be available for a meeting with the Secy0 in his office at 10:00 AM on Tues„ March 3rd, along with some others to consider what he should say in his statements at the ADB and IDB Annual meetings, Your cal. is clear so I said that looked fine. On cal 2:50 PM - Dr. Walker's secretary called. She said he would like you to meet and chat with Judge Samuel Pierce (who is also seeing the Secretary at 3:00 p.m0 this afternoon) -- for about 10 minutes following your 3:00 pm0 appointment with Mr. Kearns 9 if you have the free time. Messages for Mr, Volcker NOTE: February 25, 1970 - 4 - Mr, Willis was able to shift the 3:00 PM VG mtg. tomorrow 2 to 2:30. Everyone who was planning to come at 3:00 can come at 2:30; those who could not come at 3:00 cannot come at 2:30. On cal. 3:55 PM - Mr. Wojlinower called to ask if he might see you when he is in Washington next W Tues. and Wed. Tues. I gave him 5:15 on On cal. 3:40 PM - Mr. Ken Wright called and hoped to talk to you or Mr. McLaury to go over the language in the message they had hoped to get in the mail on Friday and wanted to do this rather soon in order to make some calls to other life insurance people still this evening. I called him after your press briefing started and explained. He said now it could just as well wait until morning if that is more convenient. However, he will be leaving the office around 5:00 and will be home around 6:30 in case you prefer to talk to him this evening. his home phone is REMINDER: His office phoneis 922-3470; . You wanted to call Mr, Patterson at Chase. 552-5936 said 5:25 PM - Daniel Hofgran, of Peter Flanigan's office, called and he was returning your call to Mr. Flanigan. 145 - 2294 _ 5 _ Messages for Mr. Volcker 5:40 PM - Mr. Petty called. He would like to come in to see you when your visitor leaves. NOTR: Wednesday, Feb. 25, 1970 (2522) Mr. Petty is scheduled to attend a 7:00 p.m. dinner. 6:15 PM - Mr. Rossides called and would like to speak to you on the phone when you are free. 2033 (Incidentally, Mr. Cole is still estimating around 8:00 PM for the next draft of Mr. Rossides' statement.) • Messages for Mr. Volcker - 1 - Tuesday, February 24_11970 9:20 AM - Mr. Weatherbee's office called to say that the Secretary's Dining Room will be open - and the Se cretary has said he will lunch there today -- but there wi ll be no Fed lunch, since Dr. Burns had lunched with the Se cretary here in Treasury last Monday. Is it all right to tell t the FNMA Board today. that you will have lunch at with YES NO accompanying 9:25 AM - Mary Harris called to say that you will be/attimdillgxtkEx Secretary to the /10:00 a.m0 meeting tomorrow (Wedne sday), February 25, ON CAL,. (Wed., Feb. 25) 9:55 AM - Mr. Roosa will be in Washington tomorrow/-to testify at 1970 10:00 before the Joint Economic Committee on the/Econom ic Report -- and wondered whether you would like to have lunch with him. I mentioned the fact to Elsie Dors ey that Wednesday was the day the Treasury people customarily went to the Fed. Board for lunch but wo uld extend Mr. Roosa' s luncheon invitation to you and would be in touch with her as soon as possible this afternoon with a response. Do you wish to ACCEPT Mr. Roosa's invitation ? (A.C. 212-269-1650) REGRET Tuesday, February 25, 1970 - 2 - Messages for Mr. Volcker 10:15 AM - Mr0 Widman called with the message that the State Department has now indicated Treasury can have an additional person as a reporting officer for the Secretary's meeting with Pompidou tomorrow - and, consequently, you will not have to be responsible for the memorandum. -- State does need the name of the reporting officer. -- Mr. Widman's question: Do you wish Mr. Widman to attend the Pompidou or Mr. Willis meeting? (2896) 11:05 AM - Mr. Willis has set up the following two Volcker Group meetings: Tuesday, Feb. 24 - 2:30 p.m. Subject: Exchange Flexibility Thursday, Feb. 26 - 3:00 p.m. Subject: Gold -- ON CAT„ -- ON CAL. 11:00 AM - Robert Uhlin of Mobil Oil called and said he would only be in town briefly and would call you again next time he is here. 12:00 M - . Messages for Mr. Volcker - 3 - February 24, 1970 12:00 M - Mr. MacLaury called and said Florio Gradi, NY rep. of Bank of Italy, wanted to be in Washington tomorrow and Thursday and to see yotiand Chrm. Burns re what kind of credits the U. S. might be willing to put in addition for I was going to suggest Thursday, but Mr. MacLanyy italy. will be in NY on Thursday so I gave him 5:00 on Wednesday. On cal. 12:05 PM - Mr. Jim Smith stopped by and asked that you call him when you return so he can report to you. 2038 2:30 PM - Alan K. Brown of the Bank of America, San Francisco, called. His secretary said it was with regard to the meeting this past weekend at Treasury, and asked that his call be returned. (A.C. 415-622-5333) NOTE: from Mr. Brown is attending a luncheon/2:30 p.m. to 4:00 pm (5:30 pm to 7:00 pm Washington time); and he expects to be in his office until 5:00 p.m. (8:00 p.m. Washington time). 2:35 FM - Herbert Patterson of Chase Manhattan called.1 I asked his secretary whether itwwas urgent -- and she said he had a group from the Trust Department meeting in his office and felt that it was a question that had to do with the meeting at Treasury this past weekend. (A.C.-212-552-5936) He asked that his call be returned. Messages for Mr. Volcker - 4 - Tuesday, February 24, 1970 ner g Thrower's office at IRS, sio mis Com m fro led cal e Col Mr. PM 5 2:4 where he was going into a meeting. He asked that his call at the Commissioner's be returned, here at his office (50a6) or office(4115). 4:20 PM - Peter Flanigan called. meeting in your office. I explained that you had a large group He didn't want you interruldvd, but asked that you call when you are free. (145 -2361) that Mr. Roosa asked that say to led cal ary ret sec s sa' Roo 4:25 PM - Mr. -- or anything that he if there is anything he should say m should not say that would cause har ••• during his testimony you can call him at before the JEC tomorrow morning -- that his home this evening. 4:50 p.m.) 4:35 PM - (He is leaving Brown Brothers at His home phone is: . opaing message: Peter Flanigan's secretary called with the foll nedy, and -- Mr. Flanigan has spoken with Secretary Ken er the Secretary agreed that either you, or whomev uer, the you chose, should sit down with Virginia Kna the change head of the Consumer Office, and sell her on ent. in the bill denomination prior to any announcem asked Mr. Flanigan will be part of this meeting, and t the that we let him know who will attend -- so tha meeting might be set up in his office tomcraw. ••• ••• 145-2361. Messages for Mr. Volcker February 24, 1970 - 5 - r some negotiation 5:30 PM - Mr. Flanigan's secy. called back afte to find a between her,Mrs. Knauer, and our office to try evening or time for the three of you to meet either this idea of a tomorrow and said that Mr. Flanigan vetoed the turned out to 7:00 AM meeting in the morning, which had get all three be the only possty to • •together. She postpone said Mr. Flanigan said we would simply have to is leaving the announcement until next week.Knauer ch and she on a 11:25 AM flight tomorrow to make a skp spee won't be back until Thursday morning. We reported this to to be done Mr. MacLaury and he said he saw nothing further expept to pass this on to you. Mr. Flanigan's secy had ng and might said he was also going to the Pompidou receptio ing at see yotithere and he is also going to the Oil meet 9:00 ink the morning. 6:15 PM - Mt. Petty is anxious to see you sometime tomorrow whenever there is a chance. ier today earl 6:25 PM - I asked Mr. Rendell/to check with Mr. Cole on the Pechiney merger & just learned that Mr. Widman will have a note to hand you at Blair House tomorrow saying in effect that Internal Revenue will issue a favorable ruling and will be be notifying Pechiney, etc. in the next day or so. Messages for Mr. Volcker - 1 - February 20, 1970 9:30 AM - Mr. Weatherbee's office called to say the dining room will be closed today -- no cook. 10:00 AM - Mr, Nelson's secy called & said he just called in and is feeling quite ill -- said he wouldn't be in until later in the day if at all, NOTE: Mr Mann's secy called re Volcker Goup mtg. to say that he has a 3:00 o'clock mtg. with Peter Flanigan, set up at Mann's request, that he feels he must attend; she didn't think that meeting would last more than an hour, if that long. I told her the VG mtg. would be a long one and suggested she check with us when Mr, Mann gets out of the Flanigan mtg. and the chances are that he will still be able to get in on a go VG discussion deal of the (Mr. Mann's secy. was concerned because she had had a call from Mr. Willis' office saying you particularly wanted him at the VG mtg.; she had the Dale paper and couldn't see why it was so essential that he be there; I reassured her that you simply wanted to be sure he was included.) 10:15 AM - Paul Wren called you from Boston & would like you to call him. AC 617 - 434-4604 11:40 AM - Mr. Rendall advised that Giscard has sent word that May 3 - 5 dates for mtg here are acceptable. the letter for Secy's your desk the other day sig Mr. Rendall has retrieved to re this that passed across On cal. - 2 - Messages for Mr. Volcker Friday, February 20, 1970 2:25 pm - Mr. Bergsten stopped by to say that he would like about 10 min. with you before the Volcker Group got started and said he would be back at 2:50 p.m. ifxymax 3:05 PM - Mr. Bradfield called. He said he would like to talk with you sometime today and asked that we call him at the conclusion of the Volcker Group meeting. -- (8101) 4:25 FM - Dr. Walker would like to see you before you leave the office this evening. -- He knows that the Volcker Group will meet until 5:30 p.m0 and that you will leave shortly thereafter for your dinner at the Shoreham. 4:45 PM - At Mr. Willis' request, we have put a "hold" on 3:00 p.m., Thursday, February 26, for a Volcker Group meeting by Mr. Willis confirmed/.wkmm (ON CAL.) NOTE: - to be Mr. Willis has given us 4:00 p.m. on Monday, Feb. 23, for a Volcker Group meeting also. ON CAL, 5:15 PM - Mr. Brumley's secretary called to say that a meeting has been set up for 10:00 a.m. on Tuesday morning, in the Secretary's Office to discuss a topic on the North Carolina Improvement Assocation - which you are invited to attend. Attending also, with the Secretary,are /Messrs. Walker, Weidenbaum and Brumley. ON CAL, You are scheduled to attend a FNMA Board meeting on Tuesday at 9:30 am. Shall we infrm Mr. Brumley that you have this commitment? YES NO OTHER Thursday, February 19, 197C Messages for Mr. Volcker 2:55 PM - Mr. Willis called to check your calendar for Friday afternoon, February 20 - with a view toward setting up a Volcker Group with the subject a statement which might be made meeting by Mr. Dale at the Fund Board meeting on Wednesday, Feb. 25, on Limited Exchange Flexibility. Mr. Willis said this would be a long meeting and suggested starting at 3:00 p.m. Your calendar is clear - and we kammxxxkoid are holding 3:00 p.m. subject to Mr. Willis'confirmation. (NOTE: ON CAL. Because of a medical appointment to which he will need to take his mother, Mr. Willis indicated that he may not be present for the first part of the meeting; however, he will try to change the time oi his mother's appointment, if possible.) 4:00 PM - Sir Denis Rickett's secretary called to say that Sir John Stevens had not brought his dinner jacket with him -- therefore, the dinner being given for him at 8:00 pm. on Thursday, February 6 -- 411 be informal rather than black tie. CAL. NOTED. 3:45 PM - Rose Cicala called and said Mr. Kim in Congressman Hanna'c office had called asking for an appointment with the Secy. for a Korean Member of Parliament and Secy. General of the Korean New Democratic Party, who will be in Washington on Feb. 24, 25, and 26. She checked with Sam Cross, who checked Messages for Mr. Volcker - 2 - February 19, 1970 with State and reported they saw no reason for the Secy. taking time to see this man unless there was some political reason to accommodate Cong. Hanna; Mr. Cross suggested Rose check Jim Smith, which she did, and Mx. Smith recouunended it would be useful to have someone see the Korean gentleman and they recommended you. I suggested Rose have Mr. Kim call me and we would work out a time, which was done. The Korean's name is Heung Moon Koh, Secretary General of the Minority Party in Korea, the New Democratic Party, here on the State Dept. financed leadership program. He does not speak English at all well and will have an interpreter and Mr. Kim may accompany him. Mr. Kim did not know any special subject Mr. Koh might want to discuss but promised to let us know if he found out. him 4:0U PM on Wed., Feb. 25. I gave I reported this to Mr. Westcott, who handles Korea, and he did some checking and said the Governmental Affairs Institute, which handles these visitors under contract from State, would send him some bio material but they indicated they had almost nothing to do with Mr. Koh's arrangements and appointments -- that Mr. Kim was handling everything. ship. Mr. Kim, it appears, is a Korean here on a fellow- Congressman Hanna has a fairly large Korean constituency which accounts for his interest in Koreans. Mr. Westcott said he understood that Mr. Koh was a businessman before entering politics and was interested in financial matters; his bio Messages for Mr. Volcker _ 3 _ February 19, 1970 indicated that he wanted to see people at the Fed and IBRD and Eximbank as well as Treasury -- he is seeing Kearns at 3:00 PM on the day he is seeing you at 4:00. If it develops when the time comes that you don't want to see Mr. Koh, we can trump up some excuse and perhaps arrange to have Mr. MacLaury or Mr. Petty see him. 4:30 PM - Mr. Hirtchtritt called and wanted to see you re Secy's speech. He said there were some bloopers in it which he will point out to Mr. Brumley but wanted to express his opinion to you about the general approach. (Mr. Beach had appped by earlier to ask if you had the latest draft and I asked him what the difference was between it and the one you saw yesterday. He said they lifted some questions and answers out of the Secy's Foreign Relations Counc speech, put in some up to date answers, and fitted this in this is main difference.) 6:10 PM - Mr. Rendall called and said the French Desk at State has asked if you would be willing to commit yourself to do whatever note taking may be necessary in the 10:00 to 10:30 AM session with Pompidou at Blair House on next Wednesday. Both Pompidou and State are anxious to keep the meeting small; on the French side will have Pompidou and his Foreign Minister; on our side there will be the Secy. and you and State is reserving the right for Secy. Rotgers to attend if he wishes to do so simply Messages for Mr. Volcker - 4 - February 19, 1970 because the French Foreign Minister will be present. However, if you don't want to be recording officer, Secy. Rogers can bring someone else. In eny event, State will provide a recording officer for the 10:30 to 11:15 session when the Troika joins in. Are you willing to be note taker at the 10:00 to 10:3U session? YES NO 6:15 PM - Mr. Willis called to remind that you may wish to talk to Mr. Jurich about what came up at the JEC hearings this morning. 6:20 PM - Bob Samuelson, of the Washington Post, called and would like to speak to you about"the extent and timing of this payment to the regional Federal Home Loan Bank Boards to help the S. & L system make loans to home builders =aka in the ;next several months and other measures the Administration is contemplating to ease the housing situation. 223-6000, X 632 Messages for Mr. Volcker 8:40 AM - 1 Wednesday, February 18,1970 Dr. Walker stopped by to ask that you and Mr. MacLaury come in to see him - and then to the Secretary's office. (I called Mr. MacLaury to alert him; Dr. Walker had already spoken with him.) 10:00 AM - Accompanying Congressman Lawrence Williams and Joe Segal (owner of Franklin Mint in Phila., a mint in Canada and the John Pinkus mint in London) will be Jerry Bragonetti of the Franklin Mint organization. (Mr. Wolfe has been advised that the iw 3:00 p.m. meeting will now be held in your office instead of on the Hill.) NOTE: - CAL. NOTED. Chairman Burns' secretary said she had had no opportunity to talk with the Chairman about lunch and consequently didn't know whether he was planning on accepting the Secretary's invitation fN for the at Treasury Consultants' sandwich luncheon/or whether he would prefer to have the luncheon at the Fed. I told her that you would join the Chairman, either here at Treasury or at the Board, whichever he preferred. She said, too, that she will know later whether to go ahead with the Board luncheon at the financing staff level -- the Treasury financing people (Messrs. Carlock, Snyder and Cook - and Mr. Geng) have been so informed. Mr. MacLaury is also attending the Consultants' mtg0 and is invited to the Consultants' luncheon. Messages for Mr. Volcker 10:35 AM - - 2 - Wednesday, February 18,1970 Messrs. Willis and Schaffner will be meet ing with you at 12:00 noon (re your draft statement); Mr. Widman's father passed away and he will be leaving Treasury at 11:00 am. for his home. Mr. Widman has a copy of your statemen t and before he leaves, will try to have Rom his comments for you/0 Do you wish Mr. Escoube to attend for him? YES NO Messrs. Petty and Weidenbaum have been asked for their comments by noon. 10:40 AM - Mary Harris called to say that the 2:00 p.m0 meeting on February 23 Monday/with the Life Insurance Assn0 people will be held in Room 4121. ON CAL, 11:10 AM - Mr. Seagrist in Cong. Williams' office called and said there were a number of quorum calls and votes on the House floor yesterday and they have been cautioned by the Leadership that there may be a vote coming up today and the Congressman doesn't feel that he can be so far away and wondered if, after all, you could come up to see him. I told Mr. Seagrist we understood the problem but you were also running a three ring circus and there was a meeting here the Secy. wanted you to attend and I just wondered if it might be possible that the others, besides the Congressman, might be able to come to your office for the discussion. He said that seemed like a reasonable compromise and said he'd check it womid out. Messages for Mr. Volcker - 3 - February 18, 1970 He came back and said the Congressman felt that he should he present at the meeting as a courtesy to Mr. Segal and he would come to your office for the meeting. I Messages for Mr. Volcker - 1 - Tuesday, February 17 9:45 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary' s Dining Room today. 9:40 AM - Mr. Bergsten called & would like you to call him. 10 3 - 5067 9:50 AM - Mr. MacLaury asked if you might be free at 12:00 M toda y to see him, Mr. Knorr, Mr . Cavanaugh, and poss ibly Mr. Snyder on EFA. I said you we re clear and that lo oked OK. NOTE: George Krumbhaa r, Minority Clerk of the JEC, called late yesterday evening and said he would like to send you by special messenger toda y a list of questions he drew up for the CEA which they mi ght expect to be aske d at the hearings on the Economic Report and he will attach a few notes which will give you some id ea of the kinds of qu estions you may be asked in the internat ional area. I thanke d him and said we'd be looking for them. 10:10 AM - Mr. Carlock would like to speak to you on the phone when there's a chance, he sa id it wasn't urgent. 2112 Messages for Mr. Volcker - 2 - February 17, 1970 for you 12:15 PM - Mr. Bernstein called and said he had something if we could send over for it; then he said it might be better to do it after he returned from lunch and said he'd call us when he got back from lunch. only 12:25 PM - Mr. Nelson has something to show you -- said it would take a minute and asked then we give him a call. soc. of America, called. 1:45 PM - Ben Small, President of Life Ins.As He asked that his call be returned. A.C.212 - 922-3450 p.m.) (He expects to be in his office until about 4:45 2:15 PM - Mr. Zagorin said he has a x 2-secodd P.S. to his 14 second speech, i.e., how can you discriminate against the Asians when you do something different for IDA and LatinAmerica? (He's using Mr. Colman's office - 5828) Messages for Mr. Volcker 5:15 PM - Maurice Mann called. - 3 - Tuesday,_ February 17,1970 His secretary said he has a meeting going on in his office and he needs to get some information quickly. (103-3680) _ 1 MeSsages for Mr. Volcker Monday, February 16, 1970 9:15 AM - The Secretary has asked that a Fed luncheon be arranged at Treasury today and invitations have been extended to both Chairman Burns and Gov. Robertson. Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room also.--NOTE: Chairman Burns has accepted; Gov.Robertson is away until Feb. 19. 10:00 AM - Ken Wright called from New York to say that there will be no additional company men attending the 4:00 p.m. meeting today other than those listed on Friday (Messrs. McGovern (Jt.Econ. Pol.Cmte., Life Ins. Assns) Frank Honenemeyer, Prudential; Carl Huebner, Metropolitan; Thomas Murray, Equitable; and R. Manning Brawn, Jr., New York Life.) He said you probably would be interestdin knowing that the following staff people of the Life Insur. Assoc. of America would be attending: Ben Brown, President, and Ralph McNair of the Washington office, and witil/Mr. Wright. 10:15 AM - Pierre-Paul Schwietzer has extended an invitation to you and Dr. Walker to lunch with him at the Fund (at 1:00 p.m.) on Tuesday, March 10. Your calendar is clear. Is it all right to say that you will attend? (181-3057) YES NO - 2 - Messages for Mr. Volcker 10:45 AM - Mr. Kettans called. Monday, February 16,1970 He asked that his call be returned. (128 - 21131) 10:50 AM - Mr. Cohen called. He asked that his call be returned. (5353) 10:55 AM - Mr. Zagorin stopped by to say that Takeshi Watanbee, President of the ASian Development Bank, and one of his assistants, were going to be working with Treasury officials in the building on Thursday, February 19. Mr. Zgorin had spoken with Mary Harris about the possibility of inviting Mr. Watanbee to lunch in the Secretary's Dining Room with you and the Secretary on Thursday, and she pointed out to him that since the Secretary and you will be testifying before the Joint Economic Committee on the Economic Report at 10:00 a.m. on Thursday, February 19, that it would be risky to make any commitments this early. She is making a note of it, and if possible will arrange an BR informal luncheon in the Secretary's Dining Room if time permits. (Your calendar is noted accordingly.) Messages for Mr. Volcker - 3 - Monday:, February 16, 1970 ting on IMF legislation in mee a ed ang arr has eld dfi Bra 11:10 AM - Mr. y, Maxi February 17. sda Tue on n, noo 00 12: at ice off r you Attending: , Jim Smith and Messrs. Petty, Hirshhtritt, Willis Bradfield. (ON CAL.) lowing message: 11:30 AM - Mr. Widman called with the fol d he thinks there Mr. McGrew called this morning and sai l the President that is a 50/50 chance that Pompidou will tel is interfering with ouf emphasis on exchange rate flexibility ou will ask the Common Market integration and that Pompid President to "call off the dogs." iMir MOP bably should send Mr. Widman thinks that the Secretary pro sident on this a special memorandum directly to the Pre h Mr. Willis will subject; and if you concur, Mr. Widman wit begin work on sucha a memorandum. Approve Disapprove Other + dered whether you might have a 11:50 AM - Mr. MacLaury called. He won half on foreign exchange kaym/hour before you left for discussion Secy. at the moment; quest'ons. (I told him you were with the the S(cy. at 1:00 p.m. expected to have lunch with Dr. Burns and m Treasury about with tkexpossiblatkpaid your departure fro ld wait until 1:30 p.m. for National.) -- He said this cou tomorrow if time didn't permit today. Messages for Mr. Volcker - 4 - February 16, 1970 3:00 PM - Rose Cicala called and said they just had a call from the White House and Mr. and Mrs. Pierre Paul Schweitzer are being invited to the Pompidou dinner. 4:45 PM - Mr. Bradfield called to say that the IMF legislation meeting he had originally set up for 12:00 noon tomorrow, Tuesday now February 17 - has/been rescheduled for 3:00 p.m. tomorrow. CAL. NOTED. 5:00 PM - Vil Dale called,, He asked for about 1/2 hour with you to talk about South Africa. I gave him 9:30 a.m. tomorrow (Tuesday). (ON CAL.) 5:40 PM - Dr. W lker's office called and said he would like you to send him some time tomorrow your comments on Mr. McGowan. 5:45 PM - Mr. Weidenbaum's office called and said Secy. is having a meeting to discuss his JEC testimony at 5:30 on Wed, and would like you to attend. 0 On cal. Messages for Mr. Volcker 1 Friday, February 13, 1970 9:10 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room. 11:15 AM - Mr. Widman called to inquire as to whether you had spoken with Mr. van Lennep yesterday. He referred to Paris Cable 1649 - received yesterday and which is on your desk -in which Mr. van Lennep said he was going to call you. mr. Widman suggested that we call this cable to your attention again before you speak with Mr. van Lennep; and also that we keep him (Mr.Widman) informed ofany decisions. 11:20 AM - Mr. MacLaury called to see if you were available. He said the question is whether you would have any objection to the World Bank starting negotiations with underwriters with a view of an issue the end of Feb. or early March. Mr. MacLaury told Mr. Wieczorowski he would call him back. Messages for Mt. Volcker NOTE: - 2 - February 13, 1970 Mr. Henry Simmons, of News Week, called late yester day evening and said he'd like to talk to you on the phone som etime today if possible. He wants to do a 50 or 60 line story on what the B/P outlook is; he realizes the figures will be coming out next week and he is not trying to anticipate those, but some people are getting concerned that we might once again hav e a B/P problem in the sense that other people would be ala rmed if interest rates here receded and if the Euro-doll ar rate receded and people started getting out of dollars and off icial liabilities increased sharply and central bankers didn't wan t to hold so many dollars and we got back to the old-fashioned B/P problem we had in 1967. If our anti-inflationary peasures take hold and dool the economy and there is a large outflow. it would ;just take a few minutes on the phone. He said -7. 298-144a Messages for Mr. Volcker 1:30 PM - _ 3 Friday, February 13,1970 Mr. Petty said he needed to see you urgently for about 15 minutes this afternoon on ADB legislation with him will be Messrs. Hirschtritt, Jim Smith and Knorr. I gave them 3:30 p.m. 2:20 PM - Governor Daane called. ••• INV ON CAL. He asked that his call be returned. (147-211) 3:30 PM - Mr. Schweitzer's secy. called and said he would like to have you to lunch on the 10th or 11th of March, whichever day you might be free, or would like you to suggest some other date if those weren't free. His secy. said he is proposing to invite Messrs. Dale, Gold, Polak, Southard, Dr. Walker, and Schwartz; so far as she knew, there was no particular subject to be discussed. Your cal. is clear on March 10; Wed., March 11,is usual day to lunch at Fed. I've asked Mr. Dale's secy. to ask him if he knows what this is about. 4:10 PM - Mr. Mayo's office called to say they are setting up a meeting at 4:30 on Monday on "House simplification bill provisions"— and she added "whatever that means." She is inviting Secy. Romney, Messrs. Van Dusen, Deming, Unger, Flanigan, Preston Martin and you. (In Rm. 248, EOB) I explained you would be in NY and said it sounded to me like the housing matter, in which case Mr. MacLaury might be the one to come from Treasury. go• Messages for Mr. Volcker - 4 - February 13, 1970 I checked & Mr. MacLaury's cal. is clear. OK to ask him to go in yours stead? YES NO 4:25 PM - Henry Simmons of News Week called imxxfamomp and said he'd just heard you'd called. 29807880 4:30 PM - Gov. Daane called & would like you to call, NOTE: Mr. Dale said he had no idea what the purpose of Mr. Schweitzer's lunch might be unless he just wanted to have a general discussion. Shall I go back to Mr. Schweitzer's secy. and ask her to ask his what will be discussed at the luncheon; or ask Mr. Dale to see if he can find out? 7:10 PM - Mr. Mayo's secy. checked with him and said the 4:30 mtg. on Monday is a consolidation of the Patman hearings meeting & a meeting with Romney on the new housing bill which has to do with the market for conventional mortgages, the experimental dual interest rate system, and the exemption of FHA and VA loans from State usury laws. to go? YES NO OK for Mr. MacLaury - 1 - Messages for Mr. Volcker Thursday, February 12 that you will 9:15 AM - We have informed Mr. Weatherbee's office have lunch in the Secretary's Dining Room today. Business 9:25 AM - Reese Stith called to say that Stan Wilson of this Week will be unable to keep his appintment with you morning . Gordon Williams will be here alone. h) might be unable to Mr. Stith also said that he (Mr. Stit sit in. -would like to talk with you on -I by eed stop on Nels . 40Mr A81: /:40 the phone. (2 ) 9:45 AM - Gov. Daane called. He asked that his call be returned. (147-211) Morrow for several 9:55 AM - Mr. Cummings will be substituting for Sam some days. (Mr. Morrow's son was in an accidentkhich left glass in his shoulder, according to Mr. Davis of the Messenger Pool.) REMINDER: y. You wanted to talk to Mr.. Schaffner about your JEC testimon has to leave for 10:25 AM - Mr. Jurich would like to see you; he some meeting or something at 11:00. (I told Gladys you they will didn't get back from Secy's office in time so wants to see be back in touch with us whenever Mr. Jurich you again.) di4 IP. 3/ Messages for Mr. Volcker - 2 - February 12, 1978 11:30 AM - Mr. Robert Seagrist, Administrative Asst. to Cong ressman Lawrence G. Williams (R., Pa.), called and said the Congressman is in Philadelphia today and had called Seag rist and asked him to speak to you with reference to a lunc heon engagement. Mr. Seagrist would like to speak to you about this and would appreciate your calling him. 180 - 2011 11:45 AM - Mr. and Mrs. Derek Mitchell have extended to you and Mrso p ti te Volcker an invitation to attend a small Black Tie dinner_ e _party on Tuesday, March 31, at 8:00 pm - at 76 Kaloram4 Circle, N. W0 - for Dr. Burns who will be guest of honor. Your calendar for Tuesday evening, March 31, is clear. Is it all right to accept for you and Mrs. Volcker? YES NO (RSVP: Maurine Brown - 181-3186) 11:35 AM - Mr. MacLaury called to check on your afternoon schedule and said he would try to set up a mtg. at 3:30 with himself, Snyder, Cavanaugh, and Jim Smith on the Hill Burton hospital bill & guaranty of tax exempts. On cal, 4 Messages for Mr. Volcker NOTE: - 3 - February 12, 1970 Mr. MacLaury is setting up a mtg. of the financing group with you at 4:00 today, On cal. 1:10 PM - Mr. Ulvestad (who is Administrative Asst, to Chrm. Preston Martin) called, having heard that you were trying to reach Chrm. Martin and might want to talk with him, Ulvestad. I explained you had a call in to Chrm, Martin in San Juan, but Mr. Ulvestad left word for you to call him. 129 - 3464 1.12 PM - Mr. Seagrist called and said what Mr. Segal wants to talk to you about is gold regulations and the Congressman will be expecting you in his office at 3:00 on Wednesday as planned. If you'd like to bring anyone with you, that is perfectly agreeable. I'll ask Tom Wolfe to have someone check and see if they tiut*xaRy have anything pending or in the files that might indicate what Mr. Segal might raise with you. Messages for Mr. Volcker 1 WOnesday, February 11,1970 8:40 AM - I called Mary Harris to tell her you would like to see the Secretary for about 15 .aor to the 10:00 a.m. meeting in his offtce (which you had mentioned to the Secretary) Mary suggested that you come in at 9:45 a.m. -- ON CAL. 8:50 AM - Mr. Southard - Deputy Managing Dirictor, IMF - called. asked that call•be returned. L11R I•XXIKtgt3a8EM He 181-3004 - 2 - Messages for Mr. Volcker Wednesday, February 11,1970 9:45 AM - Mr. Willis called to inquire whether you had taken any action as yet on the UNCTAD cable -- which he said State has called about twice -- and he also said he would like to talk with you about the cable figxxaxillwxmiluatEs this morning, if you can give him a few minutes. (5334) 10:50 AM - Mr. MacLaury said you asked him to arrange for young Mr. Deming to come over here to see you on housing. He has arranged this for 4:00 PM today. NOTE: The Secy0 has invited Chrm. Burns to lunch with him tete a tete in the Secy's office today and has asked to have two trays sent to his office. After consulting with Mr. MacLaury, who said there was nothing specific that had to be discussed with the Fed people today, I told Dr. Burns' secy we would skip the Fed lunch for today. I have told Mr. Weatherbee's office that you will lunch in Secy's dining room. I hope this is OK. Messages for Mr. Volcker - 3 - February 11, 1970 and would like 11:25 AM - John Meyer, of Morgan Guarantee, called you to call him. NY Op. 410 - 425-8050 that he will be substituting say to led cal n ema Col ald Ron 1:30 PM of the day and evening. for Sam Morrow for the remainder ff called to say that the Secy's sta or rat Ope 's ary ret Sec The FM 5 1:4 on Friday, February 13, meeting will be held at 8:45 a.m. L. NOTED.) instead of on Thursday this week. (CA ing group meeting in 2:00 FM - Mr. MacLaury has arranged for a financ your office for 5:00 p.m. this afternoon. (ON CAL.) said you indicated you wanted to and led cal ner aff Sch Mr. PM 0 5:0 ce on the material on talk to him to give him some guidan FYI - statement. the B/P he has to draft for your JEC today a glass was pushed by someone at school/into and a piece of glass was fronted bookcase, the glass broke as I understand it from ch, whi er uld sho 's boy the in ed embedd , will be removed by surgery tomorrow. The boy is now in the hospital. and said he would like to have 6:30 PM - Mr. Petty's office called from 5:00 to 7:00ish. an hour and a half with you tomorrow On cal. 1 Messages for Mr. Volcker Tuesday, February 10, 1970 10:05 AM - Dr. Walker's secretary called to check your calendar for Frid.y, February 13. She asked whether you might have 15 min. tS talk with Graham W. McGowan, at Dr. Walker's suggestion, as a possible candidate for Treasury General Counsel. him 2:30 p.m. MP MD ON CAL. 10:45 AM - James Smith of Farmers Home called again about insured loans. MID MO to talk with you He asked that his call be returned. 111-7967 11:00 AM - Mr. Deming (Sr.)'s secy SSIISSASill be in Washington tomorrow and would like to see you. him 12:00 M. NOTE: I gave I gave On cal. Mr. Hirschtritt called and asked to see you this afternoon. I suggested 3:30. 2:20 PM - Young Mr. Deming called and would like you to call him. 138 - 57317 Mary Harris called and said you wanted to see the Secy. and she suggested 4:00 PM. She also said you had indicated you wanted to sit in on a 3:00 o'clock meeting Dr. Walker was having with the Secy. On cal. (I've alerted Mr. Hirschtritt that you may n5t be able to see him until later in the day.) - 2 - Messages for Mr. Volcker Tuesday,_ February 10 4:10 PM - Mary Harris called to say that Mr. Jurich is reporting to the Secretary on his Far Eastern trip (from which he has just returned) at 10:00 a.m. tomorrow (Wednesday), February 11th, and the Secretary suggested that you might want to sit in. (ON CAL.) 4:15 PM - Mr. de Kock called. He said he and the South African Ambassador 'faswell would like to pay you a very brief visit to hand to you a letter from Mr. Brown, which you are expecting. NOTE: Lovvi I called Mr. de Kock and explained that you would be this afternoon unable to see him/because of other commitments -- and since the Ambassador and Mr. de Kock were not free tomorrow morning, Wednesday (Feb. 11), I suggested 3:00 p.m0 /V tomorrow afternoon. 5:30 PM - Gov. Daane called. ON CAL. He asked that he be called at the office if before 6:00 p.m. -- and at home from 6:15 p.m0 this evening. 5:55 PM - Mr. Weidenbaum called. He said that if you returned within the next ten minutes he would like to see you; otherwise he will see you tomorrow morning. (2551) Monday, February 9, 1970 1 Messages for Mr. Volcker that he has 9:00 AM - Peter Flanigan's secretary called to say day), scheduled a meeting on housing for 4:30 p.m. tomorrow (Tues February 10, in Mr. McCracken's office, 312 EOB - which he and expected to attend hopes' you will be able to attend. Those invited/are: Messrs. McCracken, Romney, Mayo, and Preston Martin (together with you and Mr. Flanigan). You have Don Conlan of Dean Witter (New York) coming in at 4:30 p.m. tomorrow. Shall we tell Mr. Flanigan's secretary that you will will not attend his meeting; reschedule your meeting with Mr. Conlan for another time tomorrow (Marie Smith - 145-0) - 2 - Messages for Mr. Volcker Monday, February 9 us that the Secretary's 10:15 AM - Mr. Weatherbee's office informs Dining Room is closed today -- no cook. hi-Crispi, Italian 10:00 AM - Mrs. Kelley, secretary to Mr. Palameng tation to Exec.Dir. at the Fund, called to extend an invi rispi to you and Mrs. Volcker from Mr. & Mrs. Palamenghi-C an informal dinner at their home, Wash. for which the time has not as yet been fixed -- on Thursday, March 12th. She indicated that it would be being a rather large, seated dinner -- and invitations are ) extended to the Italian Ambassador (who has already accepted er, and other Italian diplomats -- also tim to Mr. Schweitz Governor Brimmer, Gov. Daane and Mr. Petty -- and said ne in further that the dinner was not being given for anyo particular. is Your calendar for the evening of Thursday, March 12, clear. Do you widh to accept for you and Mrs. Volcker? (RSVP: Mrs. Kelley - 181-3301) regret Messages for Mr. Volcker 3 - February 9, 1970 11:30 AM - Mr. Donn Smith called and said Mr. Watanabe called and said he has a message back from Mr. Kashiwagi who said he would see you on March 23rd. Apparently he was on a plane coming back from Spain that arrives in NYC at midnight and was afraid he might be tir d. Mr. Smith gave Mr. Watanabe the plane schedules I h d looked up, in case they might be helpful. i did ask that his appt. with you Mr. Kashiw9 " be in the afternoon, so I suggested holding 3:30. On cal. 1:40 PM - Mr. Weidenbaum stopped by and said the morning session with the Appropriations Cmte. went fine -- it was no love Lest but not bad; they are going back at 2:30 PM. I asked him about the noon press cference and he said it was really Mahon and Bow's s if w -- they did most of the talking with the Secy. & the otfers standing by in case they were needed. 4:45 PM - Gov. Daane's secretary called to say that she had just heard from him -- he had landed at Dulles and expected to be at home in about 30 minutes (approx. 5:15 p.m.) lould you be interested in talking with him. 4:50 PM - Mr. Hirshtritt called. His home phone: He would like to come in to talk with you when you are free. (2803) Messages for Mr. Volcker February 9, 1970 - 4 - 5:10 PM - Mr. James Smith, of the Farmers Home Administration, called and would like you to call him. 111 - 7967 5:12 PM - Mr. Auten would like to speak to you on the phone at your convenience NOTE: Messrs nothing urgent. 5914 Shaffner and Lederer are on standby to see you. 5:40 PM - Mr o Flanigan's office called and said he had to meet with the President at 4:30 tomorrow and they would like to reschedule the meeting on housing for 11:00 in the morning if that was all right I said that was fine. On cal. Messages for Mr. Volcker 9:30 AM - - Mr, Willis called. 1 - Friday, February 6, 1970 has pd He .lbreschedulmog the Volcker Group meeting for 2:00 p.m0 this afternoon - to be held in your office, CAL. NOTED. NOTE: Mr. Stith said Stan Wilson, of Business Week, called Mr. Brumley to request an appointment with you on Wednesday or Thursday next week for himself and Gordon Williams, their Financial Editor, to discuss a story on Euro-dollars that they have had their European staff working on for a year pulling together information; now they want to talk with U. S. Govt. people. clear next Wed. and Thurs. Your cal is presently OK to give them an appointment? r . YES NO 9:50 AM - Mr. Wieczorowski called and would like you to call him. 181 - 2776 11:05 AM - Mr. James Bergford, Sr. VP. in charge of Intl. at Chase, called and would like you to call him. NYC - 552-4.829 • • Messages for Mr. Volcker - 2 - February 6, 1970 12:15 PM - Mr. Auten's secy. called and said Mr. Weidenbaum told Mr. Auten that you would want something done on intl. competitiveness but that is all Mr. Weidenbaum told him. Mr. Auten is available whenever you want to discuss this. NOTE: Mr. Weidenbaum left around noon to go to lunch at the Madison with the American Enterprise Institute, to be followed by a meeting expected to last until 4:30. be at this lunch and meeting, Mr. McCracken will also Mr. Weidenbaum knows you want to talk to him about the 4:30 t meeting in Flanigan's office and said he could be called out of the American Enterprise meeting at any time after lunch an excuse to leave. in fact, it he would welcome I checked with Mr. Cavanaugh at 1:20 and he had just finished dictating a memo on the paper for the 4:30 mtg0 and expects the memo to be ready in about an hour. However, he is prepared to discuss the bill with you before your 2:00 PM meeting, if you wish -- he said the present draft has essentially the same kinds of problems that the two previous drafts he has seen had, However, if you don't want to talk to him before your 2:00 PM mtg., he would plan to go on to lunch now. He is waiting for word from standing by. RIMY me. A so Mr. Morrow is February 6, 1970 - 3 - Messages for Mr. Volcker has to testify 4:15 PM - Preston Martin's secy. called to say he before the Patman Cmte. on housing on the 20th and they are trying to arrange a meeting on the Administration's 16, policy on the Patman hearings at 4:30 PM on Monday, Feb. in Secy, Romney's office. They would like to have Messrs. if Flanigan, Sherman Unger, McCracken, and you attend, possible. Your cal. is clear. OK to say you'll attend? 129 - 5537 YES NO had a talk with 4:2u PM - Mr. Weidenbaum called and said Mr. Beach to go the JEC and the Secy., you, and Mr. Weidenbaum are on the Economic Report. d up and testify on Thursday, Feb‘ 19th/. The Cmte0 woul 's like both the Secy. and you to have statements, and your is to focus on international economic policy. Mr. Weidenbaum is asking John Auten to draft the Secy's statement and Mr. Willis to draft your statement. Mr. Weidenbaum wanted Mr. you alerted to this and thought you would want to give Willis some guidance on what you may want to say. I asked any Mr. Weidenbaum if he had any ideas, or the Cmte. had ideas, about the length of your statement. Mr. Weidenbaum said the Cmte. apparently did not indicate this and he thought probably a brief statement -- 10 pages would probably be enough, Messages for Mr. Volcker - 1 - Thursday, February 5 10:15 AM - Mr. Willis' office called to say that he has set up a Principals Only Volcker Group (about 12) for 3:00 p.m. on Friday, February 6, in your office. NOTE: ON CAL. - Your calendar shows Jim Smith accompanying you to the lunch with Representative Widnall at 12:15 pm today -On checking with his office this morning, they tell us that he has other luncheon plans. Do you wish to have someone4om Congressional Liaison attend the luncheon with you? YES NO 12:40 PM - Mr. Weidenbaum's office called to let us know he is back from the Hill. a 2:30 appt He has a itilxRa 1:00 PM lunch and here but Iola thinks he is feeling better and expects him to be around this afternoon. - 2 - Messages for Mr. Volcker February 5, 1970 4:2u PM - Mr. Geng would like to see you about several items. 4:30 PM - Donn Smith said Mr. Widman has mulled over Kashiwagi's request"to shift his appointment ;with you from March 23rd to Tuesday, March 24th (the day van Lennep will be here), but, if this is inconvenient to you, Kashiwagi will see you on the 23rd," Mr. Widman is inclined to reply that "your time in particular and the Treasury's time in general would be very, very limited on Tuesday, the 24th, and, if Mr. Kashiwagi can come in on Monday, the 23rd, it would be appreciated." This assumes that, if# you do go to Spain, you would plan to return to Washington on Sunday, the 22nd, which you could do by leaving Malaga at 10:50 AM, changing planes at Madrid, and arriving JFK at 3:15 PM -- then taking EA Shuttle from La Guardia. From my past experience with academics' mtgs., I believe most participants will be returning to their homes on Sunday, Mr Watanbe called again today to see if we had an answer for him to convey to Mr Kashiwagio Is it all right for Donn Smith to call Watanabe on your behalf and ask him to convey the message Mr. Widman suggested? YES NO Messages for Mr. Volcker - 3 - Thursday, Feb. 5, 1970 6:00 PM - Marie Smith, Peter Flanigan's secretary, called to say that there will be another meeting on Federal Insurance Guaranty Corporation (FIGC) legislation (S.2236), at 4:30 p.m. tomorrow, Friday, February 6, in Room 260, EOB. This will be the same February 2 group which met on this subject this past Monday ( (which meeting you attended). You have a 3:00 p.m, Volcker Group meeting scheduled for tomorrow afternoon ° Shall we inform Mr. F1anigan's secretary that you will or will not attend his 4:30 p.m0 meeting. reschedule If yes, shall we ask Mr. Willis tobutt the Volcker Group meeting at a time prior to 3:00 p.m., if possible? Yes No - 4 - Messages for Mr. Volcker Friday, Febriory 6 4:45 PM - Sir Denis Rickett's secretary called to extend an invitation to you and Mrs. Volcker from Sir Denis and Lady Rickett -to a dinner in honor of Sir John Stevens, on Thursday -. February 26 -- at their home, NOTE: Miss MmCrindle had no firm details, but said she thought it would be an 8:00 p.m. Black Tie dinner (with other British people - and guests numbering about 10). She will call back again when she can confirm the details. (Sir DJnis is presently Vice President with the World Bank.) On your calendar for Thursday, February 26: You and Mrs. Volcker have been invited to a reception-buffet from 6:00 pm to 8:00 p.m. MD OM by the Officers of the Consumer Bankers Association -- in the Federal Room of the Stotler-Hilton Hotel. Do you wish to accept Sir Denis' invitation? YES NO 411SVP - Miss McCrindle - 181 - 4283) • Messages for Mr. Volcker NOTE: 1 February 4, 1970 Banking Mr. Hirschtritt wanted you reminded to talk to the House and Currency Cmte. about tieing and the Asian Development Bank. him. 10:30 AM - Gov. Daane caiI6a and would like you to call 10:32 AM - Mr. Samuels lled and would like youto call him. 147 - 211 101 - 20410 10:55 AM - Mr. Cohen's secretary called to say that he had called a meeting in his office for 11:15 atm. this morning (a short meeting) on the subject you had raised with him last night concerning real estate and invited you to attend if you were free to do so. I asked her to let Mr. Cohen know that you were meeting with Chairman Burns at the Federal Reserve Board at 11:00 a.m., and suggested that she ask Mr. Cohen whether he might like Mr. MacLaury to attend for you. REMINDER: David Clark (with an investment firm called Laird and whose activity is Laird Executive Management) had called on Wednesday, Jan. 28, about possible recoillmendations from you to fill the position of Chief Economist and Chairman of the Board of Lionel D. Edie (a firm of 50 economists doing executive consulting work). You had indicated you would talk with him. Phone. NYC-986-8824. Messages for Mr. Volcker NOTE: - 2 - February 4, 1970 The Randolph Burgesses would like to have you and Mrs. Volcker come to their dinner on Feb. 18th under any conditions and are happy to wait until you can give them a firm answer one way or another. REMINDER: NOTE: On cal. & tickled. Call Mr. Rivel - NYC 552-2222 Mr. Leiftinck will be delighted to have you attend his dinner tomorrow without Mrs. Volcker. 3:05 PM - Mr. Hirschtritt asked for a few minutes with you to talk about the IdPr-American Development Bank -- and he was given 5:00 p.m. this afternoon (tentatively). 5:05 PM - Mr. Bergsten called you and, when you were on another call, asked his secy. to leave a message for you that the date of submission of the Asican Development Bank legislation has now been postponed to Feb. 20. that date was firm now. Mx She said Mr. Bergsten said • Messages for Mr. Volcker - 1 - February 3, 1970 9:45 AM - Gov. Daane called and said he had a conversation with Zjilstra and is anxious to talk with you before talking to Mr. Burns. 10:30 147 - 211 M - Mr, van Lennep called you. I explained you were out of the building at a meeting and asked if we could return the call. The operator checked and said the call was cancelled. 11:00 AM - Mr. Petty's secy. called and said he missed his connection to Caracas yesterday because of weather -- they assume he is on his way by now -- but he won't be back until Thursday night. Chester Baylis and John Young of Bankers Trust are scheduled to see you and Mr. Petty at 11:00 AM Thursday, to discuss export financing, B/P, and regulatory problems. Since Mr. Petty won't be back, would you w be willing to see the Bankers Trust people alone as scheduled? •ft YES NO 11:30 AM - Mr, McCamey called to say that he had gotten a call from Weir Brown, explaining the call from Mr. van Lennep - and Mr. McCamey will have a written note to you shortly (to forewarn you, he indicated). 11:45 AM - Gov. Daane called again. He hopes to have about 3 minutes with you on the telephone before you leave for Brookings. Messages for Mr. Volcker - 2 - February 3, 1970 11:50 AM - Congressman Widnall's secy. called to say the lunch on Thursday will be at 12:15 in the Joe Martin Dining Room, 11-139, of the Capitol, and it will be all right for Jim Smith to come with you. was calling Mr. Smith. She said someone in their office On cal. 11:55 AM - Mr. McCracken called and would like you to call him. 103 - 5036. 12:u0 M - Mr. Willis would like to see you for about 10 minutes after lunch on the link with SDR's and the UNCTAD situation. 12:10 PM - Mr. Kearns called and would like you to call him. 128 - 21131 2:10 PM - Mr. Jack Miller, of the San Francisco Examiner, called and would like you to call him. San Francisco Operator 22 - 781-2439. 3:30 PM - Jack Miller of the San Francisco Examiner called again 9 and asked that his call be returned. SanFran.Oper. No. 23 -- 781-24A9 2443. 3:45 PM - Mr. Kearns called and would like us to call again when you're available. 128 - 21131 3:50 PM - Randolph Burgess phoned to invite you and Mrs. Volcker to 0 dinner at 8:U0 PM, black tie, on Wednesday, Feb. 18, at their home, for the new Brazilian Ambassador and his wife -- the Valentes. the evening of Feb. 18th. ACCEPT (347-9353) REGRET Your cal. is clear Messages for Mr. Volcker 4:20 Pm - - 3 - February 3, 1970 Mr, Willis asked that we remind you that he needs to see you this afternoon on the cable regarding the link, which ought to go out today. Messages for Mr. Volcker - 1 - Mondayj February 2, 1970 9:50 AM - Bob Bean called to say that he had invited John Morse, Dept. of Defense, Deputy Asst. Secretary for European & NATO Affairs/to sit in at the 10:30 a.m. meeting with Nat Samuels this morning. Mr. Bean is informed that Mr. Morse is unable to attend but wished to send someone to listen in and had proposed that a member of his staff, Robert Burns, Special Assistant to the Director„ European Region, International Security Affairs, attend and Mr. Burns will be here at 10:30 a.m. 10:20 AM - Mr. "Weatherbee's office called to ask if you would have lunch in Secy's Dining Room today. I asked if Dr. Burns were being invited and she said no, they decided to give him a rest. I told her you would lunch in S,?cy's Dining Rm. Messages for Mt. Volcker - 2 - February 2, 1970 10:35 AM - Mr. Wiiczorowski called and would like his call retu rned when you're free. 181 - 2776 10:40 AM - Mr. Wojlinower's secy called and said he would not be able to keep his 9:00M Appointment with you this Wedn esday but he hopes to see you another time. NOTE: Shall we tell Peter Flanigan's office that you'll attend the 4:J0 mtg. and get your cleared for admittance? YES NO 11:10 AM - Mr. Nelson called and said Mt. Dale won' t be available for the 3:00 PM mtg. this afternoon -- he has an info rmal Board mtg. on some matters he feels he must attend -Gov. Daane is available but will be tied up from 4:00 to 5:00 this afternoon so if the mtg. were to be later this afternoon it would have to ab be 5:30 (or late r, depending on how long your mtg. with Flanigan migh t last). Mr. Nelson wasn't sure whether you'd ratther go ahea d at 3:00 without Dale or try to reschedule at 5:30 or 6:00 or, alternatively reschedule tomorrow afternoon. LEAVE IT AT 3:00 PM RESCHEDULE FOR 6:00 PM RESCHEDULE FOR 4:30 tomorrow _ 3 _ Messages for Mr. Volcker Monday, February 2, 1970 1:30 PM - Peter Flannigan's secretary called again to ask whether you planned on attending his 4:30 p.m. meeting -- so that they might know who will be attending from Treasury. NOTE: The meeting will be held in Roam 115, EOB. (ON CAL.) (Marie Smith - 145-2514 for clearance.) 4:35 PM - Mr. Fried's secy. called and said the SDR Study Group mtg. scheduled for tomorrow night would have to be postponed; a lot of the banking people were out of the country at meetings. They are proposing either March 17 or 24 and she asked me to hold these dates. I told her you were making two speeches in NY on March 17, one involving dinner, and we were expecting a foreign visitor on the 24th (van Lennep) and I would have to check with you. She said she w she would keep us informed and we could keep her informed. I checked with Mr. McCamey and he doesn't anticipate there will be a dinner for van Lennep. You had accepted the Ohio Bankers dinner the night of March 24th, but we can cancel out on that. OK to tell Mr. Fried's secy. you can do on the 24th? YES NO 4:40 PM - Mr. Jim Smith's office called to say the Congressional lunch on Wednesday next is firm -- at 12:30, she thought with Congressmen Conte (Mass.), Stanton, & Jackson Betts (Ohio). February 2, 1970 Messages for Mr. Volcker She asked if you would attend. OK to say you will? YES NO 4:45 PM - Mr. Bergsten called & F.U('L.1$4.1JIu to call him. 4:50 PM - Jim Smith called and would like you to call him. 103 - 5026 2038 Messages for Mr. Volcker -1- January 30, 1970 11:00 AM - Mr. Sidney Weintraub, State Department asked that you return his call 101-29496 11:20 AM - Mr. Nelson wl something. like to see you to show you 84 11:25 AM - Congressman Widnall called and would like you to call him. 180-4465 3:25 PM - Mr. Vernon Pagett, of Diversified Planning Corporation, called and, without even giving him name, asked to talk to you. After I had gotten his name and company, I asked if you knew him and he said no -- it was a personal call N he is an investment broker and wondered if you were interested in making some money and, if so, if you'd like to get together with him. His phone is 296-1300. Messages for Mr. Volcker - 2 - January 30, 1970 5:15 PM - Mr. Petty's office called and said he would like to see you at 6:00 this evening; he's planning on leaving for Caracas around noon on Monday and returning Wednesday evening and has several things he needs to discuss. I said I thought that 6:00 would be all right. 5:20 PM - Mr. Brumley called and asked if you were planning on going to the Secy and Mayo's press briefing on the BOdget tomorrow. I told him I didn't know -- that you were going to Dr. Burns' swearing in tomorrow and I was giving you a card including the information about the time & place of the budget briefing just in case the Secy. should ask you to attend. Mr. Brumley said the Secy. feels the need to have the people with him who have the technical information at their fingertips, namely Leahey, Lusk, and Snyder, that Dr. Walker is going because of the tax aspects and because the other tax people are away, and Mr. Weidenbaum is going. Apparently, they feel some compunction to keep the number accompanying the Secy. to no more than the number of people Mr. Mayo will have accompanying him, and Mayo is limiting his people to 5. Mr. Brumley thought you ought to know how the plans were shaping up; I thanked him for his thoughtfulness.and said Id pass this on to you. I suspect that these decisions were staff decisions and am still putting down the info, on your card in case things change. Thursday, January 29, 1970 Messages for Mr. Volcker 8:40 AM - Mr. Jurich's office called to say that Mr. McGinnis would like about 10 minutes with you this morning to discuss the paper which will be the subject at the Under Secretaries' Meeting at the State/Department at 4:00 p.m. this afternoon (in Room 7219) "The Sale of Jet Planes to Latin America': (5264) Rob Rivet aVChase Manhattan called. He asked that his -- 8:45 AM - call be feturned. 9:05 AM - A.C. 212-552-4343. Mr. MacLaury stopped by on mortgage bonds. 9:08 AM Mr. Carlock called. 2112 he would like to see you a mindie (5848) He asked that his call be returned. Messages for Mr. Volcker 9:15 AM - Reese Stith called. - 2 - Thursday, January 29,1970 He said he has a crash job to do to draft a speech for the Secretary Wmake on Tue sday, February 3, in New York City -- a Savings Bonds meetin g of top management people. Mr. Brumley asked Mr. Stith to get your ide as on what the Secretary should talk about -- and he indicated that he must have the draft by close of business tom orrow - Friday. said all he needed was 5 minutes as early as possible today. -- He knows your schedule is cro wded. Do you want to see him? Mr. MacLaury? Mr.Stith (5985) Or shall we refer him to _ 3 _ Messages for Mr. Volcker January 29, 1970 9:40 AM - Mr. McCamey, who Mr. Willis had asked to see about arranging for Mr. Dow to come in today to see you, called and said the only time Mr. Dow could come to see you was 3:30 and apparently he would only have about 15 minutes. would work out all right. I said that Mr. Willis wondered if you would like to have anyone sit in when Mr. Dow comes to see you? Mr. Willis Mr. Escoube Mr. McCamey No one 11:25 AM - Mr. Petty called. 11:43 AM - 1`,1/- Mayo called. He asked that his call be returned. (2522) He asked that his call be returned. (103 -4840 12:15 PM - Mr. Jim Smith's office called and asked if you would be available to attend a Congressional liaison luncheon in the Secy's Dining Room next Wednesday. I explained that was your usual day to lunch at the Fed Board and, since \\\,, V that would probably be the first day Dr. Burns would be ty, ihosting the Fed lunch, you might feel it was important for QC, ,101- vN, JJ you to attend. I asked if she could find out what the Congressional group would be at the luncheon and a if Mr. cie)( Smith felt there was some over-riding reason you should be present. 12:25 PM - Mr. MacLaury would like to see you, if possible, before you leave for lunch on the Bonn cable. s Messages for Mr. Volcker - 4 - January 29, 1970 12:45 PM - Mr, Brumley's office called and said there would be a briefing on the Budget in the Secy's office at 11:00 AM tomorrow and the Secy, would like to have you attend. Cal. clear. On cal. 12:50 - Mr. Petty's office called and said John Young, of Banke rs Trust, called Mr. Petty this morning and Mr. Petty arranged to see him and Mr. Baylis at 11:00 AM on Thurs., Feb. 5th, so you are off the hook unless you particularly want to join in. Your cal, is clear at 11:00 on Feb. 5; shall I note this on cal? YES NO Messages for Mr. Volcker 1 Wednesday_, Jan. 28,1970 2:35 PM - The Secretary's Operator has notified us that the Secretary' s' Staff meeting scheduled for 8:45 a.m. Friday, Jan. 30, has been cancelled. (CAL. NOTED.) 5:15 PM - Mr. McGinnis called and said he just received notice from the Under Secy's Cmte., NSC, that there will be a meeting on a memorandum for the President on military aircraft sales to Latin America tomorrow at 4:00 PM and Dr. Walker will not be available to attend; Mr. McGinnis wondered if you could attend. Your cal. is clear. OK to say you'll attend? YES NO Mr. McGinnis said he had received two papers relating to the meeting and would make copies and give them to someone in Mr. Finkel's office (Finkel is in Caracas) and to Mro Hirschtritt arid they would get prepared with the staff work to brief you. On briefing, I suggested tentatively just after lunch, 5:15 PM - David Clark called and said you don't know him but he is with an investment banking firm in New York called Laird and 1 his activity is Laird Executive Management; they from time to time get involved in executive search activity and, at the present time, are trying to find someone to be the Chief Economist and Chairman of the Board of Lionel D. Edie. Mr. Clark said he got your name as a person, having been at Chase, January 28, 1970 - 2 - Messages for Mr. Volcker who might be able to give him some ideas of people who might fill this slot. He said Lionel D. Edie has 50 economists and they do executive consulting work. Mr. Clark's number in NYC is 986-8824. 5:30 PM - Mr. Willis called and would like to see you with Mr. Petty, if Mr Petty is available when you become available, this evening on the intl. section of the Secy's speech for Feb. 6; also on a couple of other things. I told him we would call him when you were free. 5:45 FM - Mr. Dale called, He asked that his call be returned. He expected to be in his office another 1/2 or 3/4 hour and said he would call again before he left to see if you were free. (181-3067) 5:00 PM - Mr. Nisenson called to say that Mr. Wolff von Amerongen, who is scheduled to see you at 9:15 a.m0 tomorrow morning (Thursday), will be tied up on the Hill with Mr. Reuss -- and asked that we give him 10:30 a.m. instead. On Cal, January 28, 1970 Message for Messrs. Volcker and Petty Mr. rthur Brickner, of Bankers Trust, celled at 11:30 today and said he had been asked to call as an intermediary, because he knows Mr. Volcker, on behalf of Mr. Chester Baylis, their Executive Vice President, and Mk. John Young, Vice President in charge of "International Agencies & Official Institutions" of their International Banking Department, who will be in Washington on Wednesday, February 4, when Mr. Baylis will be an invited speaker at an evening meeting of the Washington Export Council. Messrs. Baylis and Young would like to take advantage of their visit to Washington to meet with you both "just for a general overview of the situation" and wondered if you might be free to join them for lunch or, if that isn't feasible, if they might see you some time after 10:00 AM that day. I tried to find out a little more specifically what they might want to discuss. Mr. Brickner said "the whole general problem is export financing and the balance of payments; we are trying to get export financing and think it helps our balance of payments and there are some regulatory problems; Mr. Baylis is interested in learning hoc, the Administration -- Mr. Volcker -- sees the problems and what is behind us and ahead of us." Mr. Volcker's calendar is presently clear from 10:00 AM to lunch on Feb. 4 but that is the usual day to lunch at the Fed Board. Mr. Petty's office advises he will be in Caracas for the IA-ECOSOC Ministerial Meeting, leaving Monday afternoon, the 2nd, and returning Wednesday evening, the 4th. Mr. Brickner's phone number in NYC is 692-4911. M. Alexander - e-, ° //1) Lga;cr.), / 1-A7 A , AMIWNWRWASSIOW 0 • - 1 - Messages for Mr. Volcker NOTE: January 27, 1970 Instead of Charge Middleman hosting the lunch this Thursday for Wolff von Amerongen, the German Ambassador, who will apparently now be back in town for this ocassion, will host the luncheon at his residence. Noted on cal. 12:30 PM - Marty Miller called and asked to see you harly Thursday. When I asked what he wished to discuss, he said at the meeting of the Industrial Payroll Savings Cmte. you said the Cmte. is really a group that the President ought to meet with and Mr.Miller said he would see you and kick around the idea. He said he will be leaving on the 4th and be seeing Mr. Metcalf, and, If he could talk with you before seeing Metcalf, it would be helpful. Your cal. is presently clear on Friday; shall I give Mr. Miller an appointment on Friday? YES NO 3:05 PM - Mr. Knoer called and would like you to call him. 2851 3:07 PM - Mr. Petty called and would like you to call him. 2532 • Messages for Mr. Volcker 1 Monday, January 26, 1970 9:00 AM - The Secretary had asked that a Fed lunch be arranged today, but decided not to have it when he learned that Chairman Martin is in Boston today. The Secretary's Dining room is open today and Mr. Weatherbee ts office has been informed that you will have lunchthere.thi s ROBRX L:10 AM - Robert Bethke called. (212- WHitehall 3-4400) 11:10 AM - Mr. Samuels returned your call. 1:55 PM - Reese Stith called. 101 - 20410 He wondered whether he might have about 5 minutes with you this afternoon. The Secretary is speak- ing at a dinner for Chairman Martin on Thursday night and the Public Affairs people are giving the Secretary some talking points for his remarks. Mr. Stith said the talk would be "light" and he would like to include anything humorous that you might recall ablemtxtkexkimmerlyibitaxtimx which mightk have happened during Mr. Kennedy's relationship with Chairman Martin. (5985) Messages for Mr. Volcker - 2 - Monday, January 26, 1970 3:15 PM - The Secretary Staff meeting will be at 8:45 a.m. on Friday, January 30, instead of Thursday, this week. ON CAL. 2:45 PM - Mr. MacLaury said he hadn't gotten back to Fred Deming on Mr. Deming's memo on mortgage backed bonds, as he should have, and wondered if he might see you this afternoon on this. We've put this down tentatively for 4:30. 3:40 PM - Mr, MacLaury called and would like a phone call when there is a chance he might speak to you on the phone, 5:00 PM - Mr. Weidenbaum would like to see you for about 5 min. this afternoon. (2551) - 1 - Messages for Mr.Volcker January 23, 1970 2:15 PM - Mr. Don Conlan, of Dean Witter, called you and talked to me in your absence. He said he was an old friend and wondered if he might stop by to say hello when he is in Washington on Tues., Feb. 10. I gave him 4:30 and asked that he w give us a call and check before coming over that day. He then said to tell you he was formerly with Chemical. His phone in NY is 344-3100 - Ext. 452. Do you wish to see him? YES NO 2:45 PM - The secy. to Mr. Brown, Director of the Natl. Gallery, called and said he was giving a luncheon next Tuesday for the Board members and hoped you could attend. I explained about our financing cmtes. and expressed your regrets. 3:45 PM - Mr, Mann's office called and said the meeting womid on Saturday would be at 12:00 Noon in Peter Flanigan's office, West Wing, White House. The material Mr. MacLaury had prepared for your use at this meeting is hereunder. Messages for Mr, Volcker - 1 - Thursday, Jan. 22, 1970 Guenther 12:55 PM - Ken/Gmmtlex of Senator Javits' staff called to ask whether he might have a copy of your letter to Mr. Reuss on gold. Mr,Guenther referred to a letter in the Wall Street Journal that associates Senator Javitz with what Reuss is doing and said he has to get the wording of this letter to the Senator, since the Senator doesn't know whether he wants to be associated with what Mr, Reuss is doing. (Newsclipping attached,) I referred Mr. Guenther to the press release by Congressman Reuss on Friday, January 16, which quoted the complete letter, and also called his attention to the fact that the Senator had received a similar letter from you on January 9th. (Mr.Q Guenther - 1808354) 2:15 PM - Dr. Walker's office called to say thatthe 3:30 p,m. meeting with the Secretary had been shifted to 3:00 p.m. 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 Citations: Number of Pages Removed: 1 Reuss, Henry E. "Letters to the Editor: A Gold Frolic?" Wall Street Journal, January 22, 1970. Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Messages for Mr.Volcker - 1 - January 21, 1970 10:45 AM - Mr. " ,ynsworth of Second District Securities t stopped by on the chance you might be free. 12:10 PM - Mr. Petty's secy called and said he had asked Jim Smith to set up a meeting with Dr. Walker on ADB & other legislation with Dr.Walker; they are trying to set it up for 4:15 this afternoon; and Mr. Petty thinks it is import ant for you to be present. REMENDER: Your cal. was clear, so said would put it down. Call Randolph Thrower - 4115 2.50 PM - Mr, Holmes' secy called and sai d Mr, Hayes would like to see you, she thought privately, while you are in NY on Friday; she asked me to put this down on your schedule at 2:00 PM. On cal, 3:05 PM - Mr. Wojnitower returned your call, 212 - Digby 4-1515, 3:25 FM - Maurice Mann called, He asked that his call be returned. (103-3680) 5:15 PM - Mro Walker's secy called and said he asked her to set up a meeting tomorrow t with the Secy., himsel f, you, and Jim Smith -- she does not know the subject. arranged for 3:30 tomorrow, On cal,. This has been Messages for Mr. Vo'cker 1 - Tuesday, Jan. 20i 1970 9:20 AM - Mr. Weatherbee's once has informed us that the Secretary's Dining Roam is closed today. 10:30 IM - Mr. Petty's office called and said he would like to see you for about half an hour this afternoon on economic assistance. Gave him 4:15 PM. Fowlkes 12:10 PM - Frank/Foiks, of the National Journal (the new publication that was just started last year on govt. activities), called & would like to speak to you on the phone about Regulation Q and interest ceilings. He said the Fed is meeting today to decide whether or not to raise the regulation Q ceiling on interest rates banks can pay on deposits and the Federal Home Loan Bank Board is meeting with them to decide whether to raise the similar ceiling on their savings shares. Mr. Fowlkes would like your opion as to what you think the impact of this will be if they do it -- will it take money out of the banks -- what will it do for housing. Mr. Bowlkes' phone number is 833-8000. January 20, 1970 - 2 - Messages for Mr. Volcker 3:30 PM - Frank Fowlkes, of the National Journal, called again to see if he could talk to you. 833-8000 3:35 PM - Some girl at Brookings called without identifying herself and said the next meeting of the SDR Study Group will be on Tuesday, Feb. 3 at Brookings. MO MP cocktails at 5:30 and dinner at 6:15 I asked what the topic specifically would be and she said she didn't know she thought a letter would be going out from Mr. Deming and a paper by Bill Dale but that is all she knows. attend. She wanted to know whether you could She asked me to call back Mr. Fried's secy, Janet Smith, at HU 3-8919, Ext. 344. You had accepted the Illinois Bankers Assn. dinner on the evening of Feb. 3rd. Shall we we cancel you out on that and accept the Brookings dinner? fr YES NO GL C, led 4:45 PM - Secy's Operator called & said Secy's Staff is cancel for Thursday. - 1 - Messages for Mr. Volcker Monday, Jan. 19, 1970 8-30 am - Richard C. Van Dusen, Under Secretary at HUD called. He said that it was important that he talk with you before 10:00 a.m. this morni and asked that his call be returned. (755-7123) 9:30 am - Mr. leczorowski called. He asked that his call be returned, (181-2776) 9:30 am - Gov. Daane called. He asked that his call be returned. (147-211) NOTE: Governor Daane asked that we get tile( his notes on the session with Zijlstra (which you have) so that he might clean them up for the Chairman. 9:35 am - Mr Lieftinck's secretary called to ask whether we had your reply to his invitation to the dinner which he is giving for Derek Mitchell on Thursday, Feb. 5. () (Mrs. Ackerman - DU-1-2043) 9:55 AM - MrQ Willis called and said to ask if you would like to have a Volcker Group meeting any time soon to report on your trip. 0 • Messages for Mr. Volcker - 2 - January 19, 1970 10:10 AM - Mr. Weatherbee's office called and said the Secy's Dining Rm. will be closed today - cook is on jur y duty to end of this month. Chrm. Martin's office advised. 11:15 AM - Mr. Geng said to tell you kkaxAx that Far mers Home is going ahead as originally planned and the rates are 8-7 /8 on the 5 year and 890 on the 10 year. 11:30 AM - Mr MacLaury said you wanted a session with Gen e Rotberg, Treasurer of the World Bank, and Messrs Hirschtritt and Wieczorowskic, MacLaury, Petty, He asked me to set it up and I've scheduled it for 10:00 AM on this coming Wednesday, the 21st, which was convenient for everyone, 11:35 AM - Harvey Wilkinson called from Ric hmond and said you'd agreed to talk to the Reserve City Bankers on Monday , April 6, at Boca Raton. He wondered if you could just as well do thi s on Tuesday, April 7, at the same hour, 11:40 AM, the reason being that they had scheduled Senator Sparkm an to speak Sunday night and Arthur Burns on Tuesday, but now Burns finds he has an Open Market Cmte0 mtg. on Tuesda y morning and asked to be switched to another time. If you could switch places with Burns, Mr. Wilkinson would appreciate it. Your cal. is clear and I see no reason why Tue sday wouldn't be just as good for you as Monday c Mr. Wilkinson said Messages for Mr. Volcker _ 3 January 19, 1970 he's leaving this afternoo n for two weeks and would ve ry much appreciate word back from you today if at all possible. OK to tell him Tuesday, Apr. 7, is all right with you? (A.C. 703 - 771-5352) IS) YI7t' ) YES RV \p/14 NO 12:07 PM - Gov. Daane ca lled & said you'd call him ba ck. 12:10 PM - Hal Dynan of Burnham & Co Q called to ask if you would have time at either 10:00 or 11:00 AM on Thursday, Jan, 29, to see Mark Etersheim and Walter Stern of Burnha m Co., who will be visiting Washin gton that day. I told him that was a bad week for you be cause of our quarterly refunding and some other matters but said I'd check it out with you. That is the day after our financing, if it is announced on Wedv; we're holding Th urs. for possible dela yed announcement as we usually do. Sh all I extend your ap ologies? (NYC 344-0385) YES NO Monday, Jan. 19, 1970 - 4 - Messages for Mr. Volcker Chief of Protocol, State 2:00 PM - Mrs. Paskus, of the Office of the you to attend Department, called to extend an invitation to ld Wilson on a luncheon in honor of Prime Minister Haro Tuesday Quincy Adams /Thursday, January 271 at 1:00 pm. in the John Room of State. Secretary Rogers will host, the ABA Govt. ON YOUR CAL. - you are scheduled to attend Borrowing Cmte, Luncheon at the Mayflower. Do you wish to ACCEPT 1.,// REGRET State Dept0 luncheon invitation (R.S.V.P, - Mrs, Paskus -632-0257c) the Messages for Mr, Volcker - 5 - January 19, 1970 3:30 PM - Rose Cicala called to invite you and Mrs. Volcker on behalf of Secy. & Mrs. Kennedy and also some of the former Secy's of the Treasury to and their wives to a black tie dinner for Chrm. and Mrs. Martin at the 1925 F St. Club at 8:00 PM on Thursday, Jan. 29th. Texas Bankers Assn you out of that. You had accepted the dinner for that evening but I can cancel OK to accept? YES NO 3:35 PM - Murray Seeger ea of the Los Angeles Times called and would like to speak to you on the phone about oil. 296-1440 Messages for Mr. Volcker - 1 - Thursday-Friday, Jan.15-16. 11:00 a.m. -- Pieter Lieftinck, Executive Director for the Netherlands at the Fund, called to extend an invitation to you and Mrs. Volcker to a black tie dinner (12 or 16 guests to include some of the Fund people, some from the banking i 4/ ( 71441° accepted and would attend.) -- at 8:00 p.m. on ThursdO, world and CEA. He indicated that Mr. Houthaker had Februarj5th, at his home, (corner of MdCOmb Street) in honor of Derek Mitchell, U k. Exec. Director. R.S.V.P. DU-1-2044, Your calendar is clear. 1 Is it all right to ACCEPT REGRET (Mr. Lieftinck hoped he might halm hear from you by Monday or Tuesday of next week.) NOTE: It was agreeable to Chrm. Martin and the others at the Fed to have next Wednesday's lunch at the Fed on Thursday, the 22nd, instead, Everyone has been notified. On cal. Friday, Jan. 16 10:00 AM - Mr. Widman's office (Mr. Escoube) called to say that Krister Wichman, who is now Minister of Industrial Affairs in Sweden, is coming in to see the Secretary at 3:30 p.m on Thursday, March 26 and suggested that we make a note of this on your calendar. 6 It hasn't been determined yet whether you are to sit in on this meeting. Messages for Mr. Volcker - 1 - January 13, 1970 11:15 AM - Mary Harris called and said the Secy. will not be able to attend the usual financing luncheon in Secy's Dining Rm. with Chrm. Martin and our financing group on Wed., Jan. 28 -- Secy is going to a lunch that day at the British Embassy for P. M. Wilson. Mary suggested 11:30 that day for the usual get together of our financing group with the Secy, on the decision -- she will keep free for this purpose from 11:30 on up until the Se;cy. lvs. for the 1:00 PM British luncheon. I've alerted Mr. Geng, 11:20 AM - Mr. Stith stopped by and said the Financial Editor of Reuters called and said he had heard there was a DEdmx Deiderichs letter to the Treasury about the sale of South African gold and the IMF is going to release the letter; he wanted to know if the Treasury would be saying anything in addition or will the Treasury release the letter xix simultaneously. Mr, Stith said he talked to Page Nelson, who indicated he thought you would want to handle this yourself. This apparently relates to your ltr. to Reuss sending him a copy of the Deiderichs letter. would like to see you about this. Mr. Stith 5985 12:10 PM - Mr. Stith called again and said the Reuters man had called him a second time -- apparently thinking he has a good story & doesn't want to have someone else beat him to it. Messages to Mr. Volcker - 2 - 12:15 PM - Amb. Greenwald called you from Paris. January 13, 1970 He will be at home from 8:00 PM on (from 2:00 PM on our time) and can be reached either thru the Embassy - ANJ 74-00 or by phoning directly to his home you. . He will be waiting to hear from I checked Widman's office and found your letter to Greenwald (copy attached) went in the 10:00 AM confidential pouch at 10:00 AM on Saturday, so Mr. Greenwald doubtless has received it and this may be what he is calling you about. REMINDER: You said you would speak to Secy. about doing something for Chrm. Martin. 1:55 PM - Mr. Bolton of U.S. News and World Report called. He said that he had been talking with Mr. Willis about the SDRs, but had several more questions (first, about the transaction which just occurred between the ESF and Treasury; and second, about the use of the SDRs over the longer run ) -- prE pertaining to accounting. He was referred to Mr. MacLaury . 2:00 Pm -Mr. Stith stopped by. He said he needed your guidance on the information for the Financia l Editor of Reuters and will stop in about 2x2ii 2:20 p.m. in the hopes that he might have a minute with you. d m/4,V( Messages for Ivir Volcker - 3 - Tuxesday, January 13 4:00 FM - The British Embassy called to extend an invitation to you for the Ambassador to attend a luncheon at 1:00 p.m., on Wednesday, ht, January 28th, for Prime Minister Wilson -- at the residence- I 3100 Mass. Avenue, N.Wo ON YOUR CALENDAR: Financing luncheon with Chairman Martin and Treasury Financing Group /in the Secretary's Dining Room. // Do you wish to ACCEPT REGRET the Ambassador's invitation, NOTE: The Secretary is scheduled to attend this luncheon for P.M° Wilson. (RSVP: Social Secy., British Embassy -- HO-2-1340) 4:15 PM - The local ABA office called to say the Wyoming Bankers Assn. dinner, to which you had been invited and had accepted, would be held on Wed., Jan, 21, in the Chinese Rm, at the Mayflower instead of on Thurs,, Jan. 22 at the Madison,. would be able to attend on the i 21st. They asked if you Since your cal. was clear, and we can always cancel out later if necessary, I said you could, Changed on cal. Messages for Mr. Volcker - 1 - January 12, 1970 10:30 AM - Miss Wochler at the German Embassy called to extend an invitation to you from Mr. Middleman , the Charge in the Ambassador's absence, to a luncheon Mr. Middleman is hosting for Mr. Wolff von Amerongen, the President of the Assn. of German Chambers of Industry and Commer ce, on Thursday, Jan. 29. She said she would let us know the tim e & place later. Yotrcal. is clear. OK to accept? 331-3348 YES NB 11:15 AM - Gov. Daane called you fro m Switzerland and, when you werent t available, asked to be transferred to Mr. Dale. 11:45 AM - Mr. Dale would like for you to call him. 181-3067 41essages for Mr. Volcker - 2 - January 12, 1970 12:50 PM - Bob Wallace called from Chicago and said he and his wife plan to be in Washington this coming weekend and are inviting a few couples to have dinner with them at the Statler Hilton around 6:00 PM on Sunday night. He wondered if you and Mrs. Volcker might be free to join them. He asked me to call him back in Chicago - AC 312 - 332-5000. ACCEPT REGRET 3:30 PM - Mary Ann Allin called and referred to your memo to the Secy., prepared by Elmer Rustad, recommending that the Secy. invite Douglas R. Smith, of the Natl. Savings & Trust of D.C., and the new Charm. of the ABA Savings Bonds Cmte., to lunch with the Secy. in Secy's Dining room. Mary Ann has scheduled this for Wed., Jan. 21, to include you and Mr. Rustad. That is your usual day to lunch at Fed Board and since it will be the week before our Financing Cmtes. are here on the refunding, I didn't know whether or not you would feel you could skip the Fed. lunch. Will you skip the Fed lunch and attend Secy's lunch? • c ,/ tl eit ,1 -44-46“/ YES NO 3:40 PM - Hal Master called and asked if what was being planned in the way of a farewell for Chrm. Martin. The Savings Bonds people want to do something to do express their appreciation for all Messages for Mr. Volcker January 12, 1970 - 3 - he has done for the program over the years I told Mr c Master I hadn't heard of anything but would ask you if you knew what was being planned. I believe his last day in office will be Friday, January 30th. Could I speak to you about this? 3:50 PM - Mr. Wallich's secy called and said the Secy. would not be able to attend a Consultants mtg, on Sat., Feb. 14th, and she asked if you would be free for such a meeting on Wed., Feb. 18. I told her there was a possibility that a foreign visitor might be here that day (van Lennep) though there was a chance his visit might be postponed to a later date. that day for a possible Consultants mtg. She asked me to hold On cal. 4:20 PM - Mr. Betts called and would like to speak to you on the phone. 2825 4:25 PM - Mr. Petty's secy called and asked if he, Mr. Hirschtritt, and Mr, Rgt Finkel could see you at 10:00 AM tomorrow in preparation for the 4:00 PM IA-ECOSOC meeting. said that looked fine. Your cal. was clear so I On cal. 4:30 PM - Secy's Operator called & said Secy's Staff has been cancelled for this Thursday, Messages for Mr. Volcker - 1 - Friday, Jan, 9, 1970 9:35 AM - Mr. Weatherbee's office has been informed that you will have lunch in the Secretary's Dining Room today. 10:10 AM - Mary Harris called to confirm 3:00 p.m. on Wednesday, January 21, for a meeting the Secretary has call ed on OASIA (reorganization) with you, Mr. Petty, Mr. Weat herbee and Mr. Webster. The meeting will be in his office. (ON CAL ) 11:15 AM - Dr. Wallich has asked that we put a'hold" on your calendar from 10:00 a.m. to 4:30 pm (including lunch) on Saturday, February 14, for a Consultants' Meeting. clear. ON CAL,. Your calendar is - 2 - Messages for Mr. Volcker January 9, 1970 5:45 PM - Mr. McCamey called and said Dow said Emminger wanted to see you while you are next in Paris and Dow suggested lunch on Friday, partly to meet Emminger's desires and partly for some other reason; the only time that was available was Friday lunch, in view of the von Hardenberg dinner on Thursday and the fact that Emminger would be tied up in the EC lunch on Thursday. The lunch will probably also include van Lennep and Dow and perhaps others. Mr. McCamey said he doesn't think anybody knows if there is anything ispecial behind this but they will let you know if they get any clues. Mr. McCamey sdid Widman talked to you about this very briefly while he had Byron Battle on the phone and you said you'd attend the lunch, McCamey just finished talking to Templeman and this is simply a fill-in on what they were able to find a out about the lunch 6:10 PM - Mr. Petty's secy, called and said Mr. Petty found there WHICH would be a 4:00 o'clock mtg. on Jan, 13th of Under Secretaries on IA-ECOSOC, which Mr, Petty says you and he should attend. You both were scheduled to meet with the Secy. at that time, so Mr. Petty asked Rose if the mtg. with Secy. could be rescheduled. She suggested 11:30 AM on the 13th but said Mary Harris would have to confirm this. On cal Messages for Mr. Volcker January 8, 1970 1 - 9:20 PM - Mr. Weatherbee's office called re lunch amt today and told them you would lunch in Secy's Dining Room. aLMINDERS: Call Arthur Burns and Dixon Donnelley. 10:05 141 - Eugene Black called and would like you to call him. NYC 552-5375 10:30 AM - Mr. Willis is anxious to speak to you on the phone about whether or not you want to have a VG meeting this afternoon we've been holding 3:30 for this -- says he doesn't know what you may want to discuss or if there is enough to be discussed to have a meeting. 5334 12:05 PM - Mr. D„.le called and would like you to call him. NOTE: 181 - 3067 Dr. Alpher's secy. said the earliest time she could give you was 3:15 PM on Feb. 3 (Tues.). She said if any earlier time became free, which probably would happen, she would call us. - 2 - Messages for Mr. Volcker Thursday, January 8,1970 p.m0 today 12:30 PM - The Volcker Group meeting initially scheduled for 3:30 has been switched to 5:00 p.mc on Friday, January 9, for a 1-hour meeting -- arranged by Mr. Willis. (ON CAL,) 12:45 PM - Mrc Petty' secy0 called and asked if they should reschedule the 4:00 PM k meeting tomorrow with Weir Brown, et al, on the OECD Ministerial Mtg., etc,, to 4:30 this afternoon. Since the VG was rescheduled, said that was OK. 2:50 PM - Mrc MacLaury called, as you had suggested. On cal. I told him you had a meeting on at present, and he asked that we just let you know that he had called. day, 4:15 PM - Mary Harris called to check your calendar for Wednes January 21. She asked that we put an hold" on 3:00 p.m0 for be a meeting with the Secretary on that day and said she would back to us with further details. (ON CAL.) at Treasury, and 5:05 PM - Mr, Donnelley called, is in his office here him. will be there for a while and would like you to call 5252 a Messages for Mk. Volcker NOTE: 1 January 7, 1970 OM Mrs. Volcker said she received at home an invitation to both of you from the Paul Mellons to a dinner at the National Gallery of Art at 8:00 PM on Monday, Jan. 26, to be followed by a private showing of an exhibition of African sculpture. She said she didn't know whether you would want to go. cal is clear that evening. Your RSVP to National Gallery. ACCEPT REGRET 11:15 AM - Gov. Daane returned your call. 11:20 AM - Elmer Rustad called. (147-201) He wondered whether he might have about 30 seconds with you on the phone about the Industrial/Payroll Savings Cmte. meeting on the 14th of January. 12:25 PM - Mr. Wieczorowski called. (2466) He asked that his call be returned. (181 - 2I6) 1:00 PM - Cong. Widnall will see you at 6:00 PM this evening. 3:50 PM - Mr° Samuels cilled & woud On cal. Messages for Mr. Volcker - 2 - January 7, 1970 3:50 PM - Mr. Samuels called and would like you to call him. 101 - 20410 4:10 PM - Mr. Weidenbaum called andsaid he has consolidated everyone's comments on the Budget Message and would be pleased to come over and go over them with you. He said our comments are supposed to be back today. 4:40 FM - Eric Heinemann (N.Y. Times) called. returned. He asked that his call be He said he couldn't talk with anyone else, since it was the Arden House conference he wanted to talk about. (A.C. 212-556-7193) NOTE: Mr0 Widman called this afternoon and said Weir Brown, McCamey and he had been running over things and it seemed to them that they really ought to try to arrange to have a little time with you to get some guidance on things like the OECD Ministerial meeting, etc., before Mr. Brown leaves to return to Paris. The best time seemed to them to be Friday, and he thought they ought to include Messrs. Petty and Willis. Friday calendars, we hit upon 4:00 PM. After checking Is this all right? „ YES NO 5:30 PM - Mr. Wieczorowski called and said he had a visit today with some of the people at the Bank who would like to talk to the appropriate people at the Treasury about a financing Messages for Mr. Volcker - 3 - they would like to do in the States. January 7, 1970 In the past, the way the first encounter has taken place, the President of the Bank has called on the Secretary of the Treasury, In this instance, the President of the Bank is not available, and Mr. W. thought it would be appropriate to at least advise you of this and you may very quickly want to pass it along to someone else to handle Mr. W, had hoped that, if not today, he could see you tomorrow, because he is hopeful of making a date for the people from the Bank to talk to someo ne at Treasury, if possible, on Friday morning. Would it be all right to give Mr. Wieczorowski some time tomor row morning? 181 - 2776 YES NO / Mk. Messages for Mr. Volcker January 5 - 6, 1970 - 1 - 3:30 PM - Mr. Brumley called and said they have to start working on the Secy's speech on the 19th before the Council on Foreign Relations and he and Mr. Petty feel they should talk to you a bit about this. He asked if they could have ten minutes when you get back on Tues. afternoon. 4:30 PM, I gave them On cal. 5:00 PM - Dixon Donnelley called from NY and said he wanted to speak to you about a possible speaking engagement in NY on March 17th, in the morning, at the Annual Meeting of the American Paper Institute, which is a big trade association for all the paper manufacturers around the country and which he said has a large exporter - importer foreign operation. The head is Edwin Lock, a former Ambassador who is a good friend of Secy. Kennedy. Mr. Donnelley said the invitation has the support of Klein's office in the White House. Walter Heller is the other person on the morning program and he will probably talk on the domestic side; you might talk on the foreign side. Mr Donnelley then said he is now Vice President of the American Paper Institute and asked me to take down the address and phone: 260 Madison Ave., 10th Floor; AC 212 - 889-6200; their Washington office, Messages for Mr. Volcker - 2 - January 5 - 6, 1969 where Mr. Donnelley said he expects to spend about half his time, is at 1835 K St., N. W., Suite 705 - phone: 296-7966. At their Annual Meeting, they expect to the executive officers of the paper industry throughout the U.S., and they could have some people from abroad, particularly from Canada. The meeting will be at the Waldorf in NYC. Their principal speaker will be Secy. Schultze, who will speak at lunch. Mr. Donnelley indicated he would probably be calling you tomorrow afternoon or Wednesday about this and I gather will appeal to your friendship to do this for him. He indicated voluntarily that his new job means a lot more money but added that he liked the Government. You told Bob Bethke that you would speak to the Assn. of Govt. Securities Dealers in NY at 4:00 PM on March 17th and have dinner with the group. The next meeting of academics and officials is scheduled for March 19 -22 in Spain. 5:15 PM - After checking on your cal., Mr. MacLaury has scheduled a meeting of the in-house financing group on agency financing requirements at 3:30 PM on Wed., Jan. 7, and a meeting with Preston Martin and other Home Loan Bank people at 9:30 AM on Thursday, Jan. 8. On cal January 5 - 6, 1970 - 3 - Messages for Mr. Volcker Tuesday, January 6 11:30 PM - Mr, Urfer called and would like you to call him when you get back in town. 183 - 7327 (I asked Mr. Schaffner if anything was up - if he knew why Urfer might be calling you. He said he didn't but was having lunch with Urfer and would let me know if he found anything out.) 12:00 M - Mr. Mack called and asked if you had received a copy of what he understands is the final report of the Task Force on Oil Imports, which Areeda's Secy. told him was sent out last Tuesday "to principals only and one advisor." Mack I hadn't seen it. I told Mr, He checked with Mary Harris and was told Secy. had received a copy which was marked "Eyes Only." Mr. Mack said he understood from Areeda's secy. that only a few days were allowed for comment. FYI 12:30 PM - Secy's Operator called and said Secy's Staff mtg. this Thurs. has been cancelled. 12:45 PM - Mr. McCamey called and said van Lennep will be in the U. S. for a meeting at Columbia on Feb. 20-21 and is inquiring whether it would be a good time for him to visit Washington on Feb. 18 - 19, Mr. McCamey was checking your cal, for those days; I told him it was clear and you would be in town on those days. Noted on cal. 3:00 PM - Mr. Schaffner said what Mr. Urfer wanted to talk to Messages for Mr. Volcker - 4 - January 5 - 6, 1970 Tues., Jan. 6 (Cont,) you about on the phone was to tell you about the sample survey they are running on 100 of the companies to find out their plans regarding the funds they brought back over the year-end. Mr. Urfer told Mr. Schaffner he thought it would be about 2 weeks before they get the results. As a courtesy, you may wish to return Mr. Urfer's call and let him tell you about this. 4:10 PM - Mr. Karlik of the JEC called and would like you to call him when you return -- hopefully this afternoon, 180 - 5171
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