International Debt
241. Memorandum From Secretary of State Shultz and Secretary of the Treasury Baker to President Reagan
Source: Department of State, Bureau of Economic Affairs, Office of Economical and Agricultural Affairs Files, Official Economic Summit Files, 1975–1991, Lot 93D490: Background Book, The Economic Summit Toronto Canada, June 19–20, 1988. Secret.
242. Memorandum From the Assistant Secretary of the Treasury for International Affairs (Mulford) to Secretary of the Treasury Baker
Source: National Archives, RG 56, Records of the Office of the Secretary of the Treasury, Congressional Correspondence, 1988, UD–10, 56–10–1, Box 44, [no folder title]. Limited Official Use. Sent for action. An adhesive note affixed to the first page of the memorandum reads: “Copy given to Mulford 6/24/88.”
243. Minutes of a Meeting
Source: Reagan Library, Stephen Farrar Files, 1987–1988 International Economic Affairs Directorate Outline File, Summit Toronto 06/23/1988–07/08/1988; NLR–177–5–6–2–2. Confidential. The meeting took place at the Toronto Economic Summit in the main meeting room of the Metro Toronto Convention Center.
244. Memorandum From Tyrus Cobb of the National Security Council Staff to Paul Schott Stevens of the National Security Council Staff
Source: Reagan Library, Stephen Danzansky Files, Subject File, IEP Breakfasts 11/12/1987–09/09/1988; NLR–733–10–23–8–3. Secret. Sent for information.
245. Memorandum From the Assistant Secretary of the Treasury for International Affairs (Mulford) to Acting Secretary of the Treasury McPherson
Source: National Archives, RG 56, Records of the Office of the Secretary of the Treasury, Congressional Correspondence, 1988, UD–10, 56–10–1, Box 44, Classified Memos to the Secretary, August ’88. Limited Official Use. Sent for action. A stamped notation at the top of the memorandum reads, “Noted MPM.” All brackets are in the original.
246. Memorandum From Stephen Farrar of the National Security Council Staff to the President’s Assistant for National Security Affairs (Powell)
Source: Reagan Library, Stephen Farrar Files, 1987–1988 International Economic Affairs Directorate Outline File, IEP Breakfasts 04/24/1987–11/18/1988; NLR–177–4–34–14–9. Confidential. Sent for information. Sent under an October 3 covering memorandum from Farrar to Negroponte, which provided the agenda for an IEP breakfast meeting scheduled for October 4. In the memorandum, Farrar explained that the communiqués of the IMF and World Bank meetings in Berlin “endorsed the U.S. position that any new techniques for managing the debt problem should be market-based, voluntary and should not shift risk from the private sector to the public sector. Treasury will want to reaffirm these principles.” Farrar recommended to Negroponte that “you endorse the Treasury approach. The international debt issue will be high on the agenda of the new Administration.” For a readout of the October 4 IEP breakfast meeting, see Document 247.
247. Memorandum From Stephen Farrar of the National Security Council Staff to the President’s Assistant for National Security Affairs (Powell) and the President’s Deputy Assistant for National Security Affairs (Negroponte)
Source: Reagan Library, Stephen Farrar Files, 1987–1988 International Economic Affairs Directorate Outline File, IEP Breakfasts 04/24/1987–11/18/1988; NLR–177–4–34–15–8. Confidential. Copies were sent to Nelson Ledsky, Rudolf Perina, James Kelly, Richard Childress, Cobb, Richard Saunders, Eric Melby, and Peter Rodman. Printed from an uninitialed copy.
248. Paper Prepared by Secretary of the Treasury Brady
Source: Reagan Library, Stephen Farrar Files, Chronological File, Farrar Chron October 1988; NLR–177–8–30–11–2. Confidential. Sent under an October 4 covering memorandum from Brady to Powell.
249. Letter From Secretary of the Treasury Brady to Secretary of State Shultz
Source: Reagan Library, George Shultz Papers, Executive Secretariat Sensitive (10/01/1988–10/15/1988); NLR–775–17–61–6–0. No classification marking.
250. Paper Prepared in the Department of the Treasury
Source: National Archives, RG 56, Records of the Office of the Secretary of the Treasury, Congressional Correspondence, 1988, UD–10, 56–10–1, Box 44, Classified Memos to the Secretary, October ’88. Confidential. Sent under an October 18 covering memorandum from Mulford to Brady, in which Mulford wrote: “Attached is a paper and background information for our meeting tomorrow on debt. We should hold this paper closely until we decide on the next steps.”
251. Memorandum From Stephen Farrar of the National Security Council Staff to the President’s Assistant for National Security Affairs (Powell)
Source: Reagan Library, Stephen Farrar Files, Chronological File, Farrar Chron October 1988; NLR–177–8–33–1–0. Confidential. Sent for information. A stamped notation on the memorandum reads: “Natl Sec Advisor has seen.”
252. Paper Prepared in the Department of State
Source: Department of State, Executive Secretariat, S/S Files, 1988–1989 Official Office Files for (E) Economic Affairs Allen Wallis, Lot 89D154: Through Memoranda November 1988. Drafted by John Moran (EB/IFD/OMA) on November 16; cleared in EB/IFD/OMA by Milam. Sent under a November 17 covering memorandum from McAllister to Shultz which provided briefing material for a November 18 IEP breakfast meeting.
253. Memorandum of Conversation
Source: Reagan Library, Stephen Farrar Files, Chronological File, Farrar Chron November 1988; NLR–177–9–3–2–1. Confidential. No drafting information appears on the memorandum. The meeting took place at the Department of State. Sent under a November 18 covering memorandum from Farrar to Stevens, in which Farrar recommended that Stevens approve the memorandum.
254. Letter From Secretary of State Shultz to Secretary of the Treasury Brady
Source: Reagan Library, George Shultz Papers, Official Memoranda (12/02/1988–12/05/1988); NLR–775–59–3–2–2. No classification marking. Drafted by Maureen Quinn (EB/IFD/ODF) on November 21; cleared in EB/IFD/ODF, EB/IFD/OMA, EB/PAS, E, and EB, and in substance in D/P&R. The words “Orig ltr to addressee by courier” are typed at the top of the memorandum.
255. Memorandum From Stephen Farrar of the National Security Council Staff to the President’s Assistant for National Security Affairs (Powell)
Source: Reagan Library, Stephen Farrar Files, Chronological File, Farrar Chron December 1988; NLR–177–9–6–8–2. Secret. Sent for information. A stamped notation in the right-hand corner of the memorandum reads: “Natl Sec Advisor has seen.”
256. Paper Prepared in the Department of the Treasury
Source: National Archives, RG 56, Records of the Office of the Secretary of the Treasury, Congressional Correspondence, 1988, UD–10, 56–10–1, Box 35, Group Letters S/, Current Approach to Debt Problem 88–72157. No classification marking. Sent under identical covering memoranda, dated December 12, from Brady to Shultz, Baker, Powell, and Greenspan. The memorandum to Baker included a handwritten note from Brady, which reads: “Jim, Also attached is the memo #1 which formed the basis for the first meeting. NFB.”