General and Financial and Monetary Policy
61. Report From the Cabinet Committee on Balance of Payments to President Johnson
Source: Johnson Library, National Security File, Subject File, Balance of Payments, Vol. 2 [1 of 2], December 8, 1964, Box 2. Confidential. The report was sent under cover of a memorandum from Secretary of the Treasury Fowler to the members of the Cabinet Committee on Balance of Payments on June 7. A copy was also sent to the Chairman of the Board of Governors, Federal Reserve System.
62. Memorandum From the Director of the Bureau of the Budget (Schultze) to President Johnson
Source: Department of State, Central Files, FN 12 US. No classification marking. The memorandum was sent from Secretary of the Treasury Fowler to the members of the Cabinet Committee on Balance of Payments on June 16. A copy was also sent to the Chairman of the Board of Governors, Federal Reserve System.
63. Memorandum From the President’s Special Assistant for National Security Affairs (Bundy) to President Johnson
Source: Johnson Library, Bator Papers, International Monetary Reform, President’s Instructions—June 1965, Box 7. No classification marking.
64. Memorandum From President Johnson to Secretary of the Treasury Fowler
Source: Johnson Library, Bator Papers, International Monetary Reform, President’s Instructions—June 1965, Box 12. Secret. The memorandum was sent under cover of a June 16 note from Francis Bator to Secretary Fowler in which he wrote in part: “Will you send copies to Messrs. Ball, Ackley and Martin? You might wish to call their attention to the President’s caution on page 3 about secrecy and need-to-know.” A copy of the note and memorandum were sent to McGeorge Bundy. This memorandum is also printed in Lyndon B. Johnson, The Vantage Point: Perspectives of the Presidency, 1963–1969, pp. 597–598.
65. Memorandum From the Under Secretary of State (Ball) to Secretary of the Treasury Fowler
Source: Department of State, Ball Papers: Lot 74 D 272, Fowler Memorandum. Secret; Personal.
66. Memorandum From the President’s Special Assistant for National Security Affairs (Bundy) to President Johnson
Source: Johnson Library, National Security File, Country File, United Kingdom, Trendex (Burke Trend), 4/65–8/65, Box 215. Secret.
67. Minutes of Meeting of the Cabinet Committee on Balance of Payments
Source: Johnson Library, Fowler Papers, International Balance of Payments—Classified Material: Cabinet Committee on Balance of Payments, 8/65–12/66, Box 52. Confidential. Drafted by Philip P. Schaffner (Treasury) on August 20. Another record of this meeting, sent under cover of an August 25 memorandum from Acting Assistant Secretary of the Treasury for International Affairs Knowlton to the Cabinet Committee on Balance of Payments, was sent to President Johnson. (Department of State, Central Files, FN 12 US)
68. Memorandum for the Record
Source: Johnson Library, National Security File, Subject File, Balance of Payments, Vol. 2 [1 of 2], December 8, 1964, Box 2. No classification marking. Drafted by Bator on September 21. The memorandum was sent under cover of a September 22 memorandum from Bator to President Johnson, in which he wrote: “I understand from Joe Califano that you wish to have an informal record of the balance of payments meeting on Monday. Here it is.”
69. Memorandum From Secretary of Commerce Connor to the President’s Special Assistant for National Security Affairs (Bundy)
Source: Johnson Library, Bator Papers, Balance of Payments, 1965 [3 of 4], Box 14. No classification marking.
70. Memorandum From the President’s Deputy Special Assistant for National Security Affairs (Bator) to Secretary of the Treasury Fowler
Source: Johnson Library, Bator Papers, Balance of Payments, 1965 [3 of 4], Box 14. Secret; Eyes Only.
71. Minutes of Meeting of the Cabinet Committee on Balance of Payments
Source: Johnson Library, Fowler Papers, International Balance of Payments Committee—Classified Material: Cabinet Committee on Balance of Payments, 8/65–12/66, Box 52. Secret. The source text bears no drafting information.
72. Memorandum From the President’s Deputy Special Assistant for National Security Affairs (Bator) to President Johnson
Source: Johnson Library, National Security File, Balance of Payments, Vol. 3 [2 of 2], Box 2. Secret; Sensitive.
73. Letter From the Assistant Secretary of State for Economic Affairs (Solomon) to Secretary of Commerce Connor
Source: Department of State, Central Files, FN 12 US. No classification marking. Drafted by Leocade Leighton (E/OMA) and R.N. Cooper (E/IMA).
74. Memorandum From Secretary of the Treasury Fowler to President Johnson
Source: Johnson Library, Fowler Papers, International Balance of Payments—Classified Material: Cabinet Committee on Balance of Payments, 8/65–12/66, Box 52. Secret. Drafted by Merlyn N. Trued on October 11.
75. Memorandum of Conversation
Source: Johnson Library, Fowler Papers, International Balance of Payments Committee—Classified Material: Cabinet Committee Meeting, 10/20/65, Box 53. Secret. Drafted by Knowlton on October 25. The meeting was held in Secretary Fowler’s Conference Room.
76. Memorandum From Secretary of the Treasury Fowler to President Johnson
Source: Johnson Library, National Security File, Subject File, Balance of Payments, vol. 3 [2 of 2], Box 2. Secret. A handwritten notation on the first page reads: “M—to Texas. L.”
77. Memorandum of Conversation
Source: Johnson Library, Fowler Papers, International Balance of Payments—Classified Material: Cabinet Committee Meeting, 10/27/65, Box 53. Secret. Drafted by Knowlton. The meeting was held in Secretary Fowler’s Conference Room.
78. Memorandum From Secretary of the Treasury Fowler to President Johnson
Source: Johnson Library, National Security File, Subject File, Balance of Payments, Vol. 3 [2 of 2], Box 2. Secret.
79. Memorandum From the President’s Deputy Special Assistant for National Security Affairs (Bator) to President Johnson
Source: Johnson Library, Bator Papers, Balance of Payments, 1965 [1 of 4], Box 14. Eyes Only.
80. Minutes of Meeting of the Cabinet Committee on Balance of Payments
Source: Johnson Library, Fowler Papers, International Balance of Payments—Classified Material: Cabinet Committee Meeting, 11/24/65, Box 53. Secret. The meeting was held in Secretary Fowler’s office.
81. Memorandum From Secretary of the Treasury Fowler to President Johnson
Source: Johnson Library, Bator Papers, Balance of Payments 1965 [3 of 4], Box 14. Secret. Three handwritten notations appear on the source text. The first in the upper left corner reads: “Recd Ranch 11–27–65 9:30 a.” The second in the bottom left corner reads: “fr bedroom 11–30–65 10:20a.” The third at the top reads: “L,” in presumably the President’s handwriting.
82. Report From the Cabinet Committee on Balance of Payments to the President
Source: Johnson Library, National Security File, Balance of Payments, Vol. 3 [2 of 2], Box 2. Secret.
83. Memorandum From the President’s Deputy Special Assistant for National Security Affairs (Bator) to President Johnson
Source: Johnson Library, Bator Papers, Balance of Payments, 1965 [1 of 4], Box 14. Secret. The source text was accompanied by two typewritten notes. The first, from Francis Bator to Jake Jacobson, has the following handwritten notation: “Recd Ranch 11–30–65 4:00 p.” The note reads: “We need Presidential approval on this by Wednesday [December 1] noon at the latest, if we are to go ahead Thursday [December 2] 9 a.m. (the only time Fowler, Connor, etc. can make it). Will you call me as soon as you have an answer? Many thanks.” A handwritten circle appears around the words: “Wednesday noon.” The second, from President Johnson, November 30, 8:55 p.m., reads: “What I would do is to have Bill Moyers preside at the press conference—call it at the White House. I would probably try to do it early Thursday [December 2] morning, so it won’t conflict with what we are doing down here that afternoon.”
84. Memorandum From the President’s Deputy Special Assistant for National Security Affairs (Bator) to Secretary of Defense McNamara
Source: Johnson Library, Bator Papers, Balance of Payments, 1965 [1 of 4], Box 14. Confidential. Copies were sent to Secretary Connor, Charles Schultze, David Bell, Gardner Ackley, and Robertson.
85. Memorandum From Secretary of the Treasury Fowler to President Johnson
Source: Johnson Library, National Security File, Subject File, Balance of Payments, Vol. 3 [1 of 2], Box 2. Secret. Sent under cover of a January 27 note to President Johnson from Fowler that reads: “I would advise that under no circumstances should any information on the figures in the attached memorandum be given out. As you know, we take the utmost care to give out no figures until the final ones become available although, as you know, their necessary distribution for working purposes within the government has, in the past, resulted in leaks.”
86. Circular Telegram From the Department of State to Certain Posts
Source: Department of State, Central Files, FN 12 US. Unclassified. Drafted by F.L. Widman (Treasury) on February 14; cleared by Trued and approved by Richard N. Cooper. Sent to Bern, Bonn, Brussels, The Hague, London, Paris, Ottawa, Rome, Stockholm, Tokyo, and Zurich.
87. Department of the Treasury Memorandum
Source: Department of State, Ball Papers: Lot 74 D 272, Balance of Payments. Confidential. The source text bears no drafting information, but when Fowler later forwarded the memorandum to the President, he identified the memorandum as a Department of the Treasury paper (see Document 90). Sent under cover of an April 26 letter from Acting Secretary of the Treasury Barr to Under Secretary of State Ball. In this cover letter, Barr wrote in part: “At the President’s request, I am recirculating the attached memorandum entitled ‘Tax on Tourist Travel’; so that you may give it further careful consideration. Would you please prepare any comments you may have in time for a meeting Secretary Fowler will convene on the subject next week.”
88. Minutes of Meeting of the Cabinet Committee on Balance of Payments
Source: Johnson Library, Fowler Papers, International Balance of Payments Committee—Classified Material: Cabinet Committee Meeting, 3/25/66, Box 53. Secret.
89. Memorandum From the Executive Committee of the Cabinet Committee on Balance of Payments to the Committee
Source: Department of State, Ball Papers: Lot 74 D 272, Balance of Payments. Secret. The memorandum was sent under cover of an April 18 memorandum from Assistant Secretary of the Treasury Trued to the Cabinet Committee on Balance of Payments. Trued informed the Committee members: “Secretary Fowler has asked me to send you the attached material which will form the basis for discussion at tomorrow’s Principals only meeting of the Cabinet Committee on Balance of Payments. The meeting will take place at 10:30 a.m. in the Secretary’s conference room.” Minutes of this meeting have not been found, but see Document 90. Copies of this memorandum were sent to Vice President Humphrey and Chairman Martin of the Federal Reserve System.
90. Memorandum From Secretary of the Treasury Fowler to President Johnson
Source: Johnson Library, Bator Papers, Balance of Payments, 1966 [2 of 2], Box 15. Secret. The memorandum was sent under cover of a handwritten note to Bator, April 23, in which Fowler wrote: “The President reviewed these Saturday afternoon—April 23 in our conference. I am transmitting them for his additional reference or for his files.”