Foreign Economic Policy
31. Action Memorandum From the President’s Assistant for National Security Affairs (Kissinger) to President Nixon
Source: National Archives, Nixon Presidential Materials, NSC Files, Subject Files, Box 309, Balance of Payments. Confidential. Attached to Document 32.
32. Memorandum From the President’s Assistant (Flanigan) to the Staff Secretary of the National Security Council
Source: National Archives, Nixon Presidential Materials, NSC Files, Subject Files, Box 309, Balance of Payments. Confidential. Document 31 and its tabs are attached.
33. Action Memorandum From C. Fred Bergsten of the National Security Council Staff to the President’s Assistant for National Security Affairs (Kissinger)
Source: National Archives, Nixon Presidential Materials, NSC Files, Subject Files, Box 309, Balance of Payments. No classification marking.
34. Memorandum From Secretary of the Treasury Kennedy to President Nixon
Source: National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 289, Treasury, Volume I. Confidential. Attached to a December 19 memorandum from Kissinger to the President that summarizes Kennedy’s report on his European trip. Stamped on Kissinger’s memorandum is “The President has seen” with a December 22 date. In a December 18 memorandum to Kissinger, Bergsten recommended that he sign the memorandum for the President and noted that “continued U.S.-French differences on international monetary policy and the threat posed by EC preferential trade arrangements to our support of the Common Market” would be of particular interest to Kissinger. (Ibid.)
35. Memorandum From the Assistant Secretary of the Treasury for International Affairs (Petty) to Secretary of the Treasury Kennedy
Source: Washington National Records Center, Department of the Treasury, Office of the Assistant Secretary for International Affairs: FRC 56 76 108, US/3/501, Tied Aid Procurement, Volume 2 1966-70. Limited Official Use. Sent through Volcker.
36. Memorandum of Conversation
Source: National Archives, Nixon Presidential Materials, NSC Files, Presidential/HAK Memcons, Box 1023, President/Pompidou February 24 and 26, 1970. Top Secret; Sensitive; Nodis. Presidents Nixon and Pompidou met in the Oval Office from 10:40 a.m. to 12:37 p.m. (Ibid., White House Central Files, President’s Daily Diary) President Pompidou visited the United States February 23-March 3. He met with President Nixon in the Oval Office on February 24 and 26; a memorandum of the February 24 conversation is ibid., NSC Files, Presidential/HAK Memcons, Box 1023, President/Pompidou February 24 and 26, 1970. Following his Washington program President Pompidou traveled to Cape Kennedy, San Francisco, Chicago, and New York.
37. Memorandum From Secretary of the Treasury Kennedy to President Nixon
Source: Washington National Records Center, Department of the Treasury, Files of Under Secretary Volcker: FRC 56 79 15, France. Confidential. Drafted by F. Lisle Widman on February 27 and revised by Volcker. The memorandum was forwarded to the President under cover of a March 5 memorandum from Kissinger. (National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 289, Treasury Volume I)
39. Paper Prepared in the Department of the Treasury
Source: Washington National Records Center, Department of the Treasury, Office of the Assistant Secretary for International Affairs: FRC 56 76 108, Commentaries and Reports, Volume 2 1966-71. Confidential. Attached to an April 3 memorandum from George H. Willis to Assistant Secretary of the Treasury Petty, which indicated that the paper originated with Widman. The text printed here is Willis’ suggested revision of that paper.
40. Memorandum From the Deputy Assistant Secretary of State for European Affairs (Springsteen) to the Deputy Under Secretary of State for Economic Affairs (Samuels)
Source: National Archives, RG 59, S/S Files: Lot 80 D 212, NSSM 79. Confidential. Drafted by A. Katz (EUR/RPE) and cleared by Camps (S/PC), Gold (E), and Higginson (E/OT). Also addressed to Pedersen (C) and Cargo (S/PC).
41. Memorandum From Secretary of the Treasury Kennedy
Source: Washington National Records Center, Department of the Treasury, Secretary’s Memos/Correspondence: FRC 56 74 7, Council of Economic Advisers. Confidential. Forwarded to Kennedy under cover of a June 25 memorandum from Petty.
42. Letter From Secretary of Agriculture Hardin to Secretary of State Rogers
Source: National Archives, RG 59, S/S Files: Lot 81 D 309, NSC-U/SM 73A. Secret.
43. Memorandum From the Deputy Under Secretary of State for Economic Affairs (Samuels) to the President’s Assistant for National Security Affairs (Kissinger)
Source: National Archives, RG 59, S/S Files: Lot 73 D 288, Box 837, USC/NSC. Confidential.
46. Memorandum From Secretary of the Treasury Kennedy to President Nixon
Source: Washington National Records Center, Department of the Treasury, Secretary’s Memos/Correspondence, 1966-1970: FRC 56 74 7, Memo to the President September-December 1970. Confidential. Copies were sent to Secretaries Laird and Rogers.
47. Information Memorandum From the President’s Assistant for National Security Affairs (Kissinger) to President Nixon
Source: National Archives, Nixon Presidential Materials, NSC Files, Subject Files, Box 322, European Common Market, Volume I 1969-1970. Limited Official Use. Forwarded to Kissinger under cover of a November 6 memorandum from Bergsten who recommended it be sent forward to alert the President to the issues between the United States and the Community. Presumably after the memorandum came back from the President with his marginal notes, Kissinger wrote at the top: “Bergsten—keep this note in mind.”
48. Information Memorandum From C. Fred Bergsten of the National Security Council Staff to the President’s Assistant for National Security Affairs (Kissinger)
Source: National Archives, Nixon Presidential Materials, NSC Files, Subject Files, Box 309, Balance of Payments. Secret. At the top of the memorandum, Haig wrote: “Amen!” when he rerouted it to Bergsten. Kissinger wrote: “I agree.”
51. Information Memorandum From the President’s Assistant for National Security Affairs (Kissinger) to President Nixon
Source: National Archives, Nixon Presidential Materials, NSC Files, Subject Files, Box 323, Foreign Aid, Volume I 7/70-1971. Confidential. At the top of the memorandum, the President wrote: “Be sure this gets to Peterson,” and Kissinger wrote: “Send comments to Shultz.” The memorandum is attached to a January 28 memorandum from Bergsten recommending that Kissinger forward the report to the President. Bergsten wrote that “responses reflect the usual foreign schizophrenia toward the U.S. economy,” especially the European perception of the threat of a continued U.S. slowdown.
53. Memorandum From the President’s Assistant for International Economic Affairs (Peterson) to President Nixon
Source: National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 218, CIEP. Confidential. A stamped notation reads: “The President has seen.” Attached to a March 1 memorandum from Peterson to Kissinger regarding the CIEP’s role. Another copy is attached to a February 24 memorandum from Bergsten to Kissinger, which called Kissinger’s attention to item IV on “rethinking” balance of payments and international financial policy, in which Peterson was reflecting Shultz’ desire “to rid ourselves completely of the capital controls inherited by the Administration.” Bergsten noted that this “could cause serious foreign policy problems and in fact the international monetary scene could become very troublesome before the year is out if our payments position remains in heavy deficit.” (Ibid.)
54. Memorandum From the Director of the Office of Management and Budget (Shultz) to the Members of the Council on International Economic Policy
Source: National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 218, CIEP. No classification marking. Sent through Peterson. The memorandum is the attachment to Document 55.
55. CIEP Study Memorandum No. 1
Source: National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 218, CIEP. Confidential. Initialed by Haig.
56. Paper Prepared in the Department of State
Source: National Archives, RG 59, Central Files 1970-73, E 1. Confidential. Drafted by A. Reifman and J. Renner (E), A. Katz (EUR), and E. Preeg (S/PC) on March 16. Sent to Peterson under cover of a March 16 memorandum from Samuels who indicated it responded to Peterson’s request in CIEPSM No. 1 (Document 55).
57. Memorandum From Secretary of the Treasury Connally to the President’s Assistant for International Economic Affairs (Peterson)
Source: Washington National Records Center, Department of the Treasury, Files of Under Secretary Volcker: FRC 56 79 15, CIEP Study Memoranda. Confidential. This memorandum and Document 58 are attached to a March 12 memorandum from Assistant Secretary Petty to Connally to the effect that the CIEP’s effort to get jurisdiction over balance-of-payments and international monetary issues was paralleled by State’s effort to be the focus for coordination of all foreign assistance agencies, which would impinge on Treasury’s responsibilities for the international financial institutions.
58. Memorandum From Secretary of the Treasury Connally to President Nixon
Source: Washington National Records Center, Department of the Treasury, Files of Under Secretary Volcker: FRC 56 79 15, CIEP Study Memoranda. Confidential. See footnote 1, Document 57.
59. Memorandum From the President’s Assistant for International Economic Affairs (Peterson)
Source: Washington National Records Center, Department of the Treasury, Files of Under Secretary Volcker: FRC 56 79 15, CIEP Study Memoranda. No classification marking. Copies were sent to Burns, Connally, Kissinger, and McCracken.
60. Memorandum From the Under Secretary of the Treasury for Monetary Affairs (Volcker) to the President’s Assistant for International Economic Affairs (Peterson)
Source: Washington National Records Center, Department of the Treasury, Files of Under Secretary Volcker: FRC 56 79 15, CIEP Study Memoranda. Confidential. A 17-page, March 23 analytical memorandum from Wilson Schmidt to Volcker on the “Effect of Capital Controls Program” is attached but not printed.