121. Memorandum of Conversation

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 36, Memcons: President: 2–3/78. Secret; Sensitive. The meeting took place in the Cabinet Room. Callaghan was in Washington on a private visit.

122. Memorandum of Conversation

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 36, Memcons: President: 2–3/78. Secret; Sensitive. The meeting took place in the Private Dining Room on the first floor of the Mansion.

123. Information Memorandum From Secretary of the Treasury Blumenthal to President Carter

Source: Department of the Treasury, Office of the Secretary, Executive Secretariat, 1978 Files, 56–83–69. Secret. In a March 24 note to Hutcheson, Hessler wrote: “Mike Blumenthal asked whether the President might see this Monday [March 27], before his trip. It is an information memo, and Mike has no objection to it being staffed routinely—so long as the President gets to see it before his trip.” (Ibid.) Carter traveled to Venezuela, Brazil, Nigeria, and Liberia March 28–April 3.

124. Letter From President Carter to West German Chancellor Schmidt

Source: Carter Library, National Security Affairs, Brzezinski Material, President’s Correspondence with Foreign Leaders File, Box 6, Germany, Federal Republic of: Chancellor Helmut Schmidt, 1–12/78. No classification marking. Sent to Carter for his signature under cover of a March 24 memorandum from Owen, who noted Fallows’ concurrence. Owen explained that the letter’s length arose from his concern that “a shorter letter might not persuade the heads of government that you were consulting with them as fully as you did with Callaghan about these matters, which are of critical importance to them.” (Ibid.) Similar letters were sent to Fukuda and Giscard on March 27; substantive differences are indicated in footnotes below. These letters are in the Carter Library, National Security Affairs, Brzezinski Material, President’s Correspondence with Foreign Leaders File, Box 11, Japan: Prime Minister Takeo Fukuda, 1–12/78, and Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Country Chron File, Box 13, Germany F R: 1–6/78, respectively.

125. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, President’s Correspondence with Foreign Leaders File, Box 6, Germany, Federal Republic of: Chancellor Helmut Schmidt, 1–12/78. Confidential. Sent for action. Brzezinski initialed the memorandum, which Owen sent to him under cover of an April 10 note. (Ibid.)

126. Briefing Memorandum From the Under Secretary of the Treasury for Monetary Affairs (Solomon) to Secretary of the Treasury Blumenthal

Source: Carter Library, Anthony Solomon Collection, 1977–1980, Chronological File, Box 4, 4/78. Confidential. Drafted by Leddy and reviewed by Cross.

127. Memorandum of Conversation

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 36, Memcons: President: 4/78. Secret; Sensitive. While the memorandum indicates that Carter spoke to Callaghan from the Oval Office, the President’s Daily Diary states that the call took place in the Cabinet Room. (Carter Library, Presidential Materials)

128. Paper Prepared by the National Security Council Staff

Source: Carter Library, National Security Council, Institutional Files, Box 68, PRC 058, 3/16/78, Monetary Situation. Secret. Sent to Brzezinski under cover of an April 20 memorandum from Renner, who wrote: “Following the failure of CIA and State to produce any useful indication of foreign reactions to the dollar crisis, I wrote the attached paper on the basis of reason and instinct.” Renner noted that the paper incorporated the suggestions of several NSC Staff members and commented: “It is ironical that the dollar has strengthened in the last several days. Perhaps the traders heard that the NSC was taking a serious view of the crisis!” (Ibid.) Renner sent a draft of the paper to Brzezinski and Owen under cover of a March 15 memorandum. (Ibid.)

129. Memorandum From Secretary of the Treasury Blumenthal to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, VIP Visit File, Box 8, Japan: Prime Minister Fukuda, 4/30/78–5/6/78: Cables and Memos. Confidential. Carter wrote at the top of the page: “ok. J.” The memorandum was sent to Carter under cover of a May 1 memorandum from Owen, who noted that “the daily consultation referred to in this memo would be between the Federal Reserve Bank of New York, as the US Treasury’s agent, and its opposite number, the Bank of Japan. Communication between our Treasury Department and the Japanese Finance Ministry would also be more frequent. It may not amount to much substantively, but it will give Fukuda something to take home and therefore it could be important politically.” (Ibid.)

130. Memorandum of Conversation

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 36, Memcons: President: 5/78. Secret; Sensitive. The meeting took place in the White House Dining Room. Fukuda made an official visit to Washington May 1–3. Memoranda of conversation of two meetings between Carter and Fukuda, as well as U.S. and Japanese officials, during the morning of May 3 are ibid.

131. Memorandum From the Chairman of the Council of Economic Advisers (Schultze) and the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, Staff Office Files, Council of Economic Advisers, Charles L. Schultze Subject Files, Box 6, [Bonn Economic] Summit 1978 [1]. Confidential. Sent for information.

132. Decision Memorandum From Secretary of the Treasury Blumenthal and Acting Secretary of Commerce Harman to President Carter

Source: Carter Library, White House Central Files, Subject File, Box TA–6, TA 3 1/1/78–5/31/78. No classification marking. Sent to Carter under cover of a May 30 memorandum from Blumenthal, who wrote: “We decided at EPG last Thursday [May 25] to have the attached decision memorandum on DISC forwarded immediately, as the Ways and Means Committee is presently marking up the tax bill. It is in keeping with the Export Task Force package to be presented to you on June 15 and has the endorsement of the Task Force’s membership.” (Ibid.) Minutes of the May 25 EPG meeting were not found.

133. Memorandum From the Head of the Delegation to the Multilateral Trade Negotiations (McDonald) to the Special Representative for Trade Negotiations (Strauss)

Source: Carter Library, Records of the Office of the Assistant to the President and White House Staff Director, 1979–1981, Box 25, Special Trade Representative 6/78. Personal and Confidential. A copy was sent to Wolff.

134. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Subject Chron File, Box 92, Finance/International: 1–6/78. Confidential. Sent for information. Brzezinski initialed at the top of the page.

135. Memorandum From the President’s Assistant for Domestic Affairs and Policy (Eizenstat) and the Director of the Office of Management and Budget (McIntyre) to President Carter

Source: National Archives, RG 56, Records of Assistant Secretary of the Treasury for International Affairs C. Fred Bergsten, 1977–1979, Box 3, FT–10 Export Policy. No classification marking. Included as Tab B of a June 26 memorandum from Bergsten to Blumenthal. (Ibid.)

136. Discussion Paper Prepared for the Economic Policy Group

Source: National Archives, RG 59, Office of the Under Secretary for Economic Affairs, 1978–1980 Files Pertaining to International Monetary Affairs, OECD, Documents, External Research, Etc., Lot 81D145, Box 1, Trade. No classification marking. Forwarded to Hessler under cover of a June 7 memorandum from Feketekuty, which indicated that the paper was for a June 8 EPG meeting on the MTN and the Bonn G–7 Summit. (Ibid.) No record of the EPG meeting was found.

137. Editorial Note

138. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Subject Chron File, Box 111, President’s Europe Trip: 6/23–30/78. Confidential. Sent for information. Carter initialed “C” at the top of the page. Brzezinski wrote on the memorandum: “Concur—this summarizes the strategy on which we are basing our preparations. ZB.”

139. Memorandum From John Renner of the National Security Council Staff to the President’s Assistant for National Security Affairs (Brzezinski)

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Subject Chron File, Box 92, Finance/International: 1–6/78. Secret. Sent for action. Sent through Owen. Brzezinski initialed at the top of the page.

140. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Trip File, Box 13, President, Germany, 7/13–17/78: Economic Summit [I]. Confidential. Sent for information. Sent to Carter as Tab A of Owen’s July 3 cover memorandum forwarding briefing materials for the Bonn G–7 Summit. (Ibid.) Owen sent additional Summit briefing materials to Carter under cover of a July 11 memorandum. (Carter Library, National Security Affairs, Brzezinski Material, Trip File, Box 13, President, Germany, 7/13–17/78: Economic Summit [II])

141. Memorandum From the Special Representative for Trade Negotiations (Strauss) to President Carter

Source: National Archives, RG 364, 364–80–4, Special Trade Representative Subject Files, 1977–1979, Box 8, White House Official #2. No classification marking. Printed from a copy that does not bear Strauss’ initials.

142. Memorandum From the Under Secretary of the Treasury for Monetary Affairs (Solomon) to the Special Representative for Economic Summits (Owen)

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Subject Chron File, Box 111, President’s Europe Trip: 7/78. Confidential.

143. Memorandum From the Chairman of the Council of Economic Advisers (Schultze) to President Carter

Source: Carter Library, Staff Office Files, Council of Economic Advisers, Charles L. Schultze Subject Files, Box 53, Memos to President, 7/78–8/78. Confidential. Under cover of a July 11 memorandum, Owen forwarded to Carter a July 7 message from Schmidt that described the decisions on EMS taken by the EC Heads of Government at the July 6–7 meeting in Bremen. Owen noted that Treasury, State, and CEA would prepare “a memorandum analyzing the scheme.” Carter wrote at the top of Owen’s memorandum: “ZB—I have a good memo from CEA—will study before Bonn.” (Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Country Chron File, Box 12, Europe: 1978) Under cover of a July 15 memorandum, Owen forwarded to Carter a July 15 memorandum from Blumenthal that provided more information on the EMS. (Carter Library, National Security Affairs, Brzezinski Material, Trip File, Box 13, President, Germany, 7/13–17/78: Economic Summit [II])

144. Editorial Note

145. Minutes of the Bonn Economic Summit Meeting

Source: Department of State, Office of the Secretariat Staff, Records of Cyrus Vance, Secretary of State, 1977–1980, Lot 84D241, Box 9, Vance NODIS Memcons 1978. Secret. Drafted on August 8. Attached but not printed are two cover pages that indicate that Hormats drafted the minutes and identify the Summit participants: Trudeau, Jamieson, and Chretien; Giscard, Monory, de Guiringaud, and Deniau; Schmidt, Lambsdorff, Genscher, and Matthoefer; Andreotti, Forlani, and Pandolfi; Fukuda, Murayama, and Sonoda; Callaghan, Owen, Healey, and Dell; Carter, Vance, Blumenthal, and Strauss; and Jenkins. This first session of the Summit, which took place in the Palais Schaumberg, began at 10 a.m. and ended at 12:42 p.m. (Carter Library, Presidential Materials, President’s Daily Diary) Carter’s handwritten notes on the Summit are in the Carter Library, Plains File, President’s Personal Foreign Affairs File, Box 4, Summit Meetings, 7/78–6/80.

146. Minutes of the Bonn Economic Summit Meeting

Source: Department of State, Office of the Secretariat Staff, Records of Cyrus Vance, Secretary of State, 1977–1980, Lot 84D241, Box 9, Vance NODIS Memcons 1978. Secret. Drafted on August 8. For more information on the drafting of this memorandum and a list of Summit participants, see footnote 1, Document 145. This second session of the Summit, which took place in the Palais Schaumberg, began at 3 p.m. and ended at 6:43 p.m. (Carter Library, Presidential Materials, President’s Daily Diary) The portion of the discussion relating to energy policy is printed in Foreign Relations, 1969–1976, vol. XXXVII, Energy Crisis, 1974–1980, Document 157.

147. Minutes of the Bonn Economic Summit Meeting

Source: Department of State, Office of the Secretariat Staff, Records of Cyrus Vance, Secretary of State, 1977–1980, Lot 84D241, Box 9, Vance NODIS Memcons 1978. Secret. Drafted on August 8. For more information on the drafting of these minutes and a list of Summit participants, see footnote 1, Document 145. This third session of the Summit, which took place in the Palais Schaumberg, began at 10:30 a.m. and ended at 1:01 p.m. (Carter Library, Presidential Materials, President’s Daily Diary)

148. Minutes of the Bonn Economic Summit Meeting

Source: Department of State, Office of the Secretariat Staff, Records of Cyrus Vance, Secretary of State, 1977–1980, Lot 84D241, Box 9, Vance NODIS Memcons 1978. Secret. Drafted on August 9. For more information on the drafting of these minutes and a list of Summit participants, see footnote 1, Document 145. This fourth session of the Summit, which took place in the Palais Schaumberg, began at 3:34 p.m. and ended at 6:18 p.m. (Carter Library, Presidential Materials, President’s Daily Diary)

149. Memorandum From John Renner of the National Security Council Staff to the President’s Assistant for National Security Affairs (Brzezinski) and the Special Representative for Economic Summits (Owen)

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 16, Economic Policy Group Executive Committee: 1/78–3/80. Confidential. Sent for information. A handwritten notation at the top of the page reads: “DA has seen. 7/21.”

150. Memorandum From the General Counsel, Office of the Special Representative for Trade Negotiations (Rivers) to the Special Representative for Trade Negotiations (Strauss) and the Deputy Special Representative for Trade Negotiations (Wolff)

Source: National Archives, RG 364, 364–80–4, Special Trade Representative Subject Files, 1977–1979, Box 2, Countervailing Duties 1977. No classification marking. Printed from a copy that does not bear Rivers’ initials. A handwritten notation at the top of the page reads: “discuss Finance Committee + Both Staffs.”