The Economic Summit at Puerto Rico, March 1976–January 1977


130. Memorandum From Robert Hormats of the National Security Council Staff to the President’s Assistant for National Security Affairs (Scowcroft)

Source: Ford Library, National Security Adviser, NSC International Economic Affairs Staff Files, Box 5, Presidential Subject File, General Economic. Secret; Sensitive; Eyes Only.


131. Memorandum From Robert Hormats of the National Security Council Staff to the President’s Assistant for National Security Affairs (Scowcroft)

Source: Ford Library, National Security Adviser, Trip Briefing Books and Cables for President Ford, Box 21, June 27–28, 1976—Puerto Rico Economic Summit, General (2). Secret. Sent for action.


132. Memorandum From Secretary of the Treasury Simon to the Economic Policy Board

Source: Ford Library, L. William Seidman Papers, Box 77, Economic Policy Board Subject File, Monetary—International. No classification marking.


133. Memorandum of Conversation

Source: National Archives, RG 59, Central Foreign Policy Files, P820117–1477. Confidential; Nodis. Drafted by Poats and approved in S on April 5.


134. Memorandum From the Under Secretary of State for Economic Affairs (Robinson) to Secretary of State Kissinger

Source: Ford Library, U.S. Council of Economic Advisers Records, Alan Greenspan Files, Box 39, Subject Files, Economic Summit (Puerto Rico) June 1976 (3). Secret; Sensitive; Nodis.


135. Memorandum of Conversation

Source: Ford Library, National Security Adviser, NSC International Economic Affairs Staff Files, Box 3, Presidential Subject File, Economic Summits—Puerto Rico (1). Secret; Nodis. Drafted by Poats and approved on July 13 by the Secretary of State’s Special Assistant Haley Collums.


136. Memorandum of Conversation

Source: National Archives, RG 59, Central Foreign Policy Files, P820117–2133. Confidential; Sensitive; Nodis. Drafted by Poats and approved by Collums on July 16.


137. Message From President Ford to West German Chancellor Schmidt

Source: Ford Library, National Security Adviser, KissingerScowcroft West Wing Office Files, Box 35, West Germany (6) (4/14/76–7/15/76). Secret; Sensitive. Sent via Charlie Channel. Initialed by Scowcroft. This message is Tab A to an April 14 memorandum from Scowcroft to President Ford that reads: "Based on your conversation with Secretary Kissinger on Monday in which you agreed on the usefulness of exploring a possible follow-up meeting to Rambouillet, I am forwarding a message (Tab A) for your approval to FRG Chancellor Helmut Schmidt seeking his views." Scowcroft noted that "The message does not include specific reference to the matter of location, as it is important first to have his reaction to the concept. The fact that you are initiating the dialogue on the second summit reserves the option of proposing the United States as the site. This can be done in a second round of messages and in George Shultz’s meeting with Schmidt." President Ford initialed his approval of this message.


138. Memorandum of Conversation

Source: Ford Library, National Security Adviser, Memoranda of Conversation, Box 19. Secret; Nodis. The conversation took place in the Oval Office. All brackets, except those that indicate omitted material, are in the original.


140. Memorandum of Conversation

Source: Ford Library, National Security Adviser, NSC International Economic Affairs Staff Files, Box 3, Presidential Subject File, Economic Summits—Puerto Rico (3). Secret; Nodis. Drafted by Preeg and approved on July 2 by Collums. The meeting took place in the Secretary of State’s conference room.


141. Backchannel Message From the Under Secretary of the Treasury for Monetary Affairs (Yeo) to Secretary of State Kissinger and Secretary of the Treasury Simon

Source: Ford Library, National Security Adviser, KissingerScowcroft West Wing Office Files, Box 11, Economic Summit Conference, 6/76, Items AA–DD. Top Secret; Immediate. Also sent to Scowcroft, Seidman, Hormats, Sonnenfeldt, and Greenspan.


142. Backchannel Message From the Under Secretary of the Treasury for Monetary Affairs (Yeo) to Secretary of State Kissinger and Secretary of the Treasury Simon

Source: Ford Library, National Security Adviser, KissingerScowcroft West Wing Office Files, Box 11, Economic Summit Conference, 6/76, Items AA–DD. Top Secret; Immediate. Also sent to Scowcroft, Seidman, and Hormats.


143. Backchannel Message From the Under Secretary of the Treasury for Monetary Affairs (Yeo) to Secretary of State Kissinger and Secretary of the Treasury Simon

Source: Ford Library, National Security Adviser, KissingerScowcroft West Wing Office Files, Box 11, Economic Summit Conference, 6/76, Items AA–DD. Top Secret; Immediate. Also sent to Scowcroft, Seidman, Hormats, Greenspan, and Sonnenfeldt.


144. Memorandum of Conversation

Source: Ford Library, National Security Adviser, NSC International Economic Affairs Staff Files, Box 3, Presidential Subject File, Economic Summits—Puerto Rico (3). Secret; Nodis. Drafted by Preeg and approved on July 1 by Collums. The meeting took place in the Secretary of State’s conference room. A June 13 briefing memorandum from Sonnenfeldt and Hormats to Kissinger on the subject of this meeting is ibid., Trip Briefing Books and Cables for President Ford, Box 21, June 27–28, 1976—Puerto Rico Economic Summit, General (3).


145. Memorandum From the Chairman of the Council of Economic Advisers (Greenspan) and the President’s Assistant for National Security Affairs (Scowcroft) to President Ford

Source: Ford Library, National Security Adviser, Trip Briefing Books and Cables for President Ford, Box 21, June 27–28, 1976—Puerto Rico Economic Summit, General (4). Secret. Sent for information. A stamped notation indicates Ford saw the memorandum, which he initialed.


146. Memorandum From the Under Secretary of the Treasury for Monetary Affairs (Yeo) to President Ford

Source: Ford Library, President’s Handwriting File, Subject File, Box 49, Trips—Foreign—Economic Summit—1976 (4). No classification marking. A stamped notation on the memorandum indicates the President saw it.


147. Memorandum From the Chairman of the Council of Economic Advisers (Greenspan) and the President’s Assistant for National Security Affairs (Scowcroft) to President Ford

Source: Ford Library, President’s Handwriting File, Subject File, Box 49, Trips—Foreign—Economic Summit—1976 (4). No classification marking. A stamped notation on the memorandum indicates the President saw it.


148. Memorandum of Conversation

Source: Ford Library, National Security Adviser, NSC International Economic Affairs Staff Files, Box 4, Presidential Subject File, Economic Summits—Puerto Rico (7). Top Secret; Sensitive. The first summit session began at 4:15 and concluded at 7:05 p.m. It took place in the Salon Del Mar at the Dorado Beach Hotel. In attendance were President Ford, Kissinger, and Simon; Canadian Prime Minister Trudeau, MacEachen, and Macdonald; French President Giscard, Sauvagnargues, and Fourcade; West German Chancellor Schmidt, Genscher, and Apel; Italian Prime Minister Moro, Rumor, and Colombo; Japanese Prime Minister Miki, Miyazawa, and Ohira; British Prime Minister Callaghan, Crosland, and Healey. (Ibid., President’s Daily Diary)


149. Memorandum of Conversation

Source: Ford Library, National Security Adviser, NSC International Economic Affairs Staff Files, Box 4, Presidential Subject File, Economic Summits—Puerto Rico (7). Top Secret; Sensitive. The summit session took place in the Salon Del Mar at the Dorado Beach Hotel. The second session concluded at 11:30 a.m. (Ibid., President’s Daily Diary) For a list of participants, see footnote 1, Document 148.


150. Memorandum of Conversation

Source: Ford Library, National Security Adviser, NSC International Economic Affairs Staff Files, Box 4, Presidential Subject File, Economic Summits—Puerto Rico (8). No classification marking. All brackets are in the original. The meeting was held in the Cabinet Room. The meeting began at 11:37 a.m. and concluded at 12:44 p.m. (Ibid., President’s Daily Diary) President Ford’s talking points for the meeting, contained in a June 28 memorandum from Scowcroft with a notation that the President had seen the talking points, are ibid., National Security Adviser, Trip Briefing Books and Cables for President Ford, Box 22, June 27–28, 1976—Puerto Rico Economic Summit, General (11).


151. Memorandum From the President’s Assistant for National Security Affairs (Scowcroft) to President Ford

Source: Ford Library, National Security Adviser, Presidential Agency Files, Box 18, Treasury Department, 5/24/76–10/27/76. Secret. A stamped notation indicates the President saw the memorandum, which he initialed. Sent under cover of an October 1 memorandum to Scowcroft from Hormats in which he notes: "The discussions reveal a number of significant problems facing the world economy, especially the massive debt positions of a number of nations and the still uncertain outlook for the current recovery. Both problems have come to worry me considerably over the last several months as the data on inflation, levels of unemployment, and debt of the industrialized democracies and major non-OPEC developing countries begins to come in. I am in the process of preparing a more detailed memo for you on this issue—but you should be aware of the very real risk that the international economy is in for a very rough period in coming months."


152. Memorandum From the President’s Assistant for National Security Affairs (Scowcroft) to President Ford

Source: Library of Congress, Manuscript Division, Kissinger Papers, Box CL 141, Geopolitical File, France, Chronological File, Oct. 1976–Jan. 1977, n.d. Confidential. Sent for information. A stamped notation indicates Ford saw the memorandum, which he initialed.