Papers relating to aspects of the foreign financial policy of the United States

[292] Memorandum by the NAC Staff Committee to the National Advisory Council

NAC Files, Lot 60D137, Box 367

[297] Extract From National Advisory Council Document No. 1081

NAC Files

  1. The National Advisory Council on International Monetary and Financial Problems (NAC) was an interdepartmental committee established by the Bretton Woods Agreements Act of July 31, 1945 (59 Stat. 512). The Act provided for United States participation in the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD, or “the Bank”). The National Advisory Council was to coordinate policies and operations of the United States Government with respect to this Government’s relations with the two Bretton Woods institutions.