Negotiating the New Rules, May 1973–June 1975


38. Memorandum of Conversation

Source: National Archives, Nixon Presidential Materials, NSC Files, Kissinger Office Files, Box 56, Country Files, Europe, French Memcons (originals) January–May 1973. Top Secret; Sensitive; Exclusively Eyes Only. The meeting took place in President Pompidou’s office at the Elysée Palace. Kissinger was in Paris to discuss the implementation of the January 1973 Paris Peace Accord with DRV representatives. He also met with Egyptian National Security Adviser Hafez Ismail.


39. Memorandum From Secretary of the Treasury Shultz to President Nixon

Source: National Archives, Nixon Presidential Materials, NSC Files, Box 949, VIP Visits, Pompidou/Nixon Mtg., Iceland, May–June 1973. No classification marking. The memorandum is included in President Nixon’s Iceland meeting briefing book. A notation at the beginning of the briefing book indicates Nixon saw it. Copies of the memorandum were sent to Kissinger and Rogers. Rogers, Flanigan, and Kissinger also wrote briefing memoranda for the President on monetary and trade issues for Nixon’s meeting with President Pompidou, but none of them explores these issues in as forceful or concentrated a manner as does Shultz’s. (Ibid., Pompidou/Nixon Mtg Iceland PM Johanneson, May 31–June 1973 [1 of 3])


40. Memorandum of Conversation

Source: National Archives, RG 56, Office of the Under Secretary of the Treasury, Files of Under Secretary Volcker, 1969–1974, Accession 56–79–15, Box 2, PAV, Iceland May 31, 1973. Confidential. The meeting took place at the Kjarvalsstadir, the Reykjavik Art Museum. A stamped notation on the memorandum reads: "Jun 18 1973." Volcker initialed "Approve as amended" at the end of the memorandum, although no changes are marked.


41. Memorandum of Conversation

Source: National Archives, Nixon Presidential Materials, White House Special Files, Staff Member & Office Files, President’s Office Files, Box 91, President’s Meeting File, Memoranda for the President’s File, Beginning May 27 (1973). Top Secret; Sensitive; Exclusively Eyes Only. The meeting took place at the Kjarvalsstadir, the Reykjavik Art Museum.


42. Memorandum of Conversation

Source: National Archives, Nixon Presidential Materials, White House Special Files, Staff Member & Office Files, President’s Office Files, Box 91, President’s Meeting File, Memoranda for the President’s File, Beginning May 27 (1973). Top Secret; Sensitive. The meeting took place at the Kjarvalsstadir, the Reykjavik Art Museum.


43. Letter From French President Pompidou to President Nixon

Source: National Archives, Nixon Presidential Materials, NSC Files, Box 752, Presidential Correspondence 1969–1974, France Pompidou, 1972. No classification marking. The original is a translation that bears President Pompidou’s typed signature.


44. Telegram From the Embassy in the Federal Republic of Germany to the Department of State

Source: National Archives, RG 59, Central Foreign Policy Files. Secret; Exdis. Repeated to Helsinki for the Secretary.


45. Telegram From the Embassy in France to the Department of State

Source: National Archives, RG 59, Central Foreign Policy Files. Confidential; Exdis. Repeated to Bonn, Brussels, Copenhagen, Dublin, London, Luxembourg, Moscow, Rome, The Hague, USNATO, USEC Brussels, and the Consulates in Bordeaux, Lyon, Marseille, Martinique, Nice, and Strasbourg.


46. Memorandum From Charles Cooper of the National Security Council Staff to the President’s Assistant for National Security Affairs (Kissinger)

Source: National Archives, Nixon Presidential Materials, NSC Files, Box 290, Agency Files, U.S. Treasury, Vol. III, Jan. 1972–Sept. 18, 1973. Confidential.


47. Memorandum From Charles Cooper and Helmut Sonnenfeldt of the National Security Council Staff to the President’s Assistant for National Security Affairs (Kissinger)

Source: National Archives, Nixon Presidential Materials, NSC Files, Box 752, Presidential Correspondence 1969–1974, France Pompidou, 1972. Secret; Sensitive. Sent for action. Neither Cooper nor Sonnenfeldt initialed the memorandum. A notation on the memorandum indicates that it was returned to Cooper and Sonnenfeldt "re Hak’s comments." The tabs are attached but not printed.


48. Telegram From the Embassy in France to the Department of State

Source: National Archives, RG 59, Central Foreign Policy Files. Confidential; Immediate. Repeated to Bonn, Brussels, London, Rome, The Hague, USEC Brussels, and USOECD Paris.


49. Memorandum From Charles Cooper and Robert Hormats of the National Security Council Staff to the President’s Assistant for National Security Affairs (Kissinger)

Source: National Archives, Nixon Presidential Materials, NSC Files, Kissinger Office Files, Box 55, Country Files, Europe, Meeting with French Finance Minister Giscard d’Estaing, July 31, 1973. Secret. Sent for information. Neither Cooper nor Hormats initialed the memorandum, which was included as Tab C in a July 30 briefing memorandum from Sonnenfeldt to Kissinger for Kissinger’s July 31 meeting with Giscard.


50. Memorandum From the President’s Assistant for National Security Affairs (Kissinger) to President Nixon

Source: National Archives, Nixon Presidential Materials, NSC Files, Box 752, Presidential Correspondence 1969–1974, France Pompidou, 1972. Secret. Sent for action. A stamped notation on the first page indicates the President saw it.


51. Letter From President Nixon to French President Pompidou

Source: National Archives, Nixon Presidential Materials, NSC Files, Box 752, Presidential Correspondence 1969–1974, France Pompidou, 1972. No classification marking.


52. Transcript of a Telephone Conversation Between Secretary of the Treasury Shultz and the President’s Assistant for National Security Affairs (Kissinger)

Source: National Archives, Nixon Presidential Materials, Kissinger Telephone Conversations, Box 21. No classification marking. Kissinger was in Washington; Shultz’s location could not be determined.


53. Memorandum From Secretary of the Treasury Shultz to President Nixon

Source: National Archives, RG 56, Office of the Under Secretary of the Treasury, Files of Under Secretary Volcker, 1969–1974, Accession 56–79–15, Box 3, International Financial Institutions. Secret; Exdis. The memorandum was transmitted in a telegraphed message received in the White House Situation Room on October 18. A stamped notation on the memorandum reads: "Noted by Mr. Volcker."


54. Memorandum From Secretary of the Treasury Shultz to President Nixon

Source: National Archives, RG 56, Records of Secretary of the Treasury George P. Shultz, 1971–1974, Entry 166, Box 6, Gold Sales Ongoing 1973. Secret. Sent under cover of an October 29 memorandum from Shultz to Nixon that reads: "This memo brings you up to date on the question of sales of gold and proposes that we again take part in seeking an agreement along the lines you approved last spring."


55. Memorandum From John Reynolds of the Federal Reserve System Board of Governors Staff to the Chairman of the Federal Reserve System Board of Governors (Burns)

Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold–BIS Meeting, Nov. 1973. Confidential (FR).


57. Memorandum From Secretary of the Treasury Shultz to President Nixon

Source: National Archives, Nixon Presidential Materials, NSC Files, Box 290, Agency Files, U.S. Treasury, Vol. IV, Sept. 19, 1973–Dec. 1973. Confidential.


58. Memorandum From the Director of the Planning and Coordination Staff (Lord) to Secretary of State Kissinger

Source: National Archives, RG 59, Policy Planning Council, Policy Planning Staff, Director’s Files (Winston Lord), 1969–77, Entry 5027, Box 346, Dec. 1973. Confidential. Kissinger wrote at the top of the memorandum: "Win—Interesting. See me."


59. Memorandum for the President’s File

Source: National Archives, Nixon Presidential Materials, White House Special Files, Staff Member & Office Files, President’s Office Files, Box 93, President’s Meeting File, Memoranda for the President’s File, Beginning Jan 20 (1974). No classification marking.


60. Paper Prepared in the Department of the Treasury

Source: National Archives, RG 56, Office of the Under Secretary of the Treasury, Files of Under Secretary Volcker, 1969–1974, Accession 56–79–15, Box 1, Gold—8/15/71–2/9/72. Confidential. A stamped notation on the paper reads: "Noted by Mr. Volcker." There is no indication as to who prepared the paper. Attached to another copy, however, is an undated note from Bennett to Bryant that reads: "Any reaction? I plan to show this to the Secretary and Paul." (Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, Mar.–Apr. 1974)


61. Note From the Deputy Assistant Secretary of State for International Finance and Development (Weintraub) to the Under Secretary of the Treasury for Monetary Affairs (Volcker)

Source: National Archives, RG 56, Office of the Under Secretary of the Treasury, Files of Under Secretary Volcker, 1969–1974, Accession 56–79–15, Box 1, Gold—8/15/71–2/9/72. No classification marking. A stamped notation on the note reads: "Noted by Mr. Volcker." Another notation, dated March 8, indicates that copies were sent to Bennett and Cross.


62. Paper Prepared in the Federal Reserve Board

Source: National Archives, RG 56, Office of the Under Secretary of the Treasury, Files of Under Secretary Volcker, 1969–1974, Accession 56–79–15, Box 2, OECD. Strictly Confidential (FR). Attached is an April 24 note from Bryant to Volcker that reads: "This is the note on gold to which I referred in our conversation in Tokyo. If something has to be done on the subject, then the attached method of "mobilization" may be less unpalatable than most, or all, alternatives."


63. Minutes of Secretary of State Kissinger’s Principals and Regionals Staff Meeting

Source: National Archives, RG 59, Transcripts of Secretary of State Kissinger’s Staff Meetings, 1973–1977, Entry 5177, Box 3, Secretary’s Staff Meeting, April 25, 1974. Secret. According to an attached list, the following people attended the meeting: Kissinger, Rush, Sisco, Ingersoll, Hartman, Maw, Ambassador at Large Robert Mc-Closkey, Assistant Secretary of State for African Affairs Donald Easum, Hyland, Atherton, Lord, Policy Planning Staff member Paul Boeker, Eagleburger, Springsteen, Special Assistant to the Secretary of State for Press Relations Robert Anderson, Enders, Assistant Secretary of State for Inter-American Affairs Jack Kubisch, and Sonnenfeldt.


64. Memorandum From the Under Secretary of the Treasury (Bennett) to Secretary of the Treasury Simon

Source: National Archives, RG 56, Office of the Under Secretary of the Treasury, Files of Under Secretary Volcker, 1969–1974, Accession 56–79–15, Box 5, The Netherlands (General). Limited Official Use. A copy was sent to Volcker. A handwritten notation on the memorandum reads: "MON. 5/13 12 Noon for 12:30 PM Luncheon Meeting." No record of this meeting has been found. Telegram 100622 to USEC Brussels, May 15, contains the text of a statement given to the press on the meeting. (Ibid., RG 59, Central Foreign Policy Files) The May 14 New York Times also contains a report of the meeting.


65. Letter From Secretary of the Treasury Simon to the Chairman of the Federal Reserve System Board of Governors (Burns)

Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, May 1974. Confidential. In a May 30 memorandum to Burns, Wallich noted: "Jack Bennett tells me that he is drafting a letter from Simon addressed to you," and offered his comments on the issues he expected Simon to raise. (Ibid.)


66. Memorandum by Secretary of the Treasury Simon

Source: National Archives, Nixon Presidential Materials, White House Central Files, Staff Member & Office Files, Council of Economic Advisers, Herbert Stein, Box 105, Meetings Files, International Monetary System, May–June 1974. Confidential.


67. Memorandum by the Chairman of the Council of Economic Advisers (Stein)

Source: National Archives, Nixon Presidential Materials, White House Central Files, Staff Member & Office Files, Council of Economic Advisers, Herbert Stein, Box 105, Meetings Files, International Monetary System, May–June 1974. Confidential.