66. Memorandum From the President’s Special Assistant (Rockefeller) to the President1
- Export-Import Bank Loans for Latin American Development
Recently Joe Dodge sent to me a memorandum which Henry Wallich prepared for Clarence Randall on the operations of the Export-Import Bank.2 This seemed to me to present such a thoughtful appraisal of the Bank’s operations together with some thoroughly constructive suggestions for expanding its operations that I thought I should bring it to your attention.
In a number of respects, the suggestions offered by Mr. Wallich parallel those which were presented by Henry Holland at the White House dinner on March 29, which you arranged to discuss steps that might be taken to increase U.S. capital investment in Latin America. I am very much concerned that the impetus you provided on that occasion should not be allowed to lapse through inertia in the Federal establishment.
That you send a follow-up memorandum along the lines of the attached to Secretaries Dulles, Humphrey and Weeks, with copies to General Edgerton of the Ex-Im Bank, Under Secretary Hoover and Assistant Secretary Holland.
- Source: Department of State, E Files: Lot 60 D 136, Papers From Mr. Waugh. Confidential. Rockefeller sent a copy of this memorandum to Assistant Secretary Holland under cover of a letter dated June 1, in which he stated in part the following: “I would appreciate very much having your reactions to this as a useful course of action.”↩
- Not found in Department of State files or at the Eisenhower Library.↩
- Printed from a copy which bears this typed signature.↩
- See Document 60.↩
- Dated April 22, not printed.↩