Foreign Economic Policy
61. CIEP Decision Memorandum No. 3
Source: Department of State, S/S Files: Lot 82 D 126, Box 5197, CIEP Decision Memoranda. Confidential. Transmitted to the National Security Council under cover of an April 5 memorandum from Peterson to Kissinger and Shultz, which noted that the paper had been approved by the State Department. Another copy is attached to an April 6 memorandum from Bergsten to Kissinger recommending that Kissinger approve the organizational arrangements in time for the President to approve and announce it at the first CIEP meeting on April 8. Bergsten noted that the Decision Memorandum was the result of long negotiations between Peterson and the State Department, which had concurred even though the memorandum was different from what State had proposed. (National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 218, CIEP)
62. Memorandum From the Deputy Under Secretary of State for Economic Affairs (Samuels) to the President’s Assistant for International Economic Affairs (Peterson)
Source: National Archives, RG 59, Central Files 1970-73, FN 13. Confidential. Drafted by L.J. Kennon (E/IFD/OMA) on April 2 and cleared by Deputy Assistant Secretary Weintraub.
63. Telegram From the Department of State to Certain Posts
Source: National Archives, RG 59, Central Files 1970-73, FN 12 US. Confidential. Drafted by G.H. Willis and W.C. Cates (Treasury); cleared by Under Secretary Volcker, Deputy Assistant Secretary of State Weintraub (E), and Curran (S/S); and approved by Deputy Under Secretary of State Samuels. Sent to the Embassies in OECD capitals, the USEC Mission in Brussels, and the OECD Mission in Paris.
64. Memorandum From C. Fred Bergsten of the National Security Council Staff to the President’s Special Assistant for National Security Affairs (Kissinger)
Source: National Archives, Nixon Presidential Materials, NSC Files, Country Files-Far East, Box 530, Japan Volume IV 1/71-6/71. No classification marking. The memorandum is Tab B to the “Additional Information” memorandum cited in footnote 2 below.
65. Action 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 273, OECD. Confidential. A copy was sent to Kissinger. Attached to a June 5 memorandum from Huntsman to Peterson setting out marginal comments the President had written on Peterson’s memorandum, but the source text bears no marginal comments.
66. Typescript of Telegram From the President’s Assistant for International Economic Affairs (Peterson) to Secretary of State Rogers in Lisbon
Source: National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 218, CIEP. Confidential; Exdis; Immediate. Drafted by Hinton and initialed by Peterson, Kissinger, and Haig, who also wrote at the top, “LDX’ed to State.” The telegram is a revision of Tab C to Document 65, pursuant to the President’s instructions; see footnote 3 below. No telegraphic text of Peterson’s message was found. The Secretary was in Lisbon attending the NATO Ministerial meeting.
68. Paper Prepared in the Department of State
Source: National Archives, Nixon Presidential Materials, NSC Files, Country Files—Europe, Box 685, Germany Volume IX 4-8/71. Confidential. Forwarded to Kissinger under cover of a July 29 memorandum from State Department Executive Secretary Theodore Eliot informing him the report was prepared by Nathaniel Samuels, chairman of the U.S. delegation to the offset negotiations. An attached July 31 memorandum from Sonnenfeldt apprised Kissinger of the current status of the offset negotiations in preparation for his August 3 meeting with Ambassador Pauls. Sonnenfeldt advised Kissinger to make it clear the Germans would have to improve their offer.
70. Information Memorandum From John Holdridge and Robert Hormats of the National Security Council Staff to the President’s Deputy Assistant for National Security Affairs (Haig)
Source: National Archives, Nixon Presidential Materials, NSC Files, Country Files—Far East, Box 536, Japan Volume V 7/71-9/71. Secret. Initialed by Haig. For background on this meeting, see Document 69.
72. Memorandum From the President’s Assistant for International Economic Affairs (Peterson) to the Under Secretary of the Treasury for Monetary Affairs (Volcker)
Source: Washington National Records Center, Department of the Treasury, Files of Under Secretary Volcker: FRC 56 79 15, PAV—Economic Stabilization Program. Eyes Only.
74. Memorandum From Secretary of State Rogers to President Nixon
Source: National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 285, State Volume 13. Secret. Attached to a copy of a September 5 joint memorandum from Kissinger and Peterson to the President proposing NSDM 130 (Document 75). A handwritten note on the joint memorandum initialed by Kissinger and Peterson reads, “Sent forward 9/6/71.”
75. National Security Decision Memorandum 130
Source: National Archives, RG 59, S/S Files: Lot 83 D 305, NSDM 130. Secret. Copies were sent to the Secretaries of Treasury, Defense, Agriculture, Commerce, Labor, Interior, and Transportation; Ambassador at Large Kennedy; the OMB Director; the Chairmen of the Council of Economic Advisers and the Council on Environmental Quality; the Special Trade Representative; the Assistant to the President for Domestic Affairs; the Director of Central Intelligence; and the Chairman of the Joint Chiefs of Staff. On September 9 Peterson sent a memorandum to Kissinger complaining that this Decision Memorandum should have been signed jointly by the two of them (or should have been a CIEP Decision Memorandum signed by Peterson), because the CIEP members looked to him as their spokesman. (Ibid., Nixon Presidential Materials, NSC Files, Agency Files, Box 218, CIEP) On a September 10 memorandum from Hormats regarding Peterson’s complaint and another procedural issue, Kissinger wrote, “Life is too short for this sort of thing.” (Ibid.)
76. Paper Prepared in the Department of the Treasury
Source: Washington National Records Center, Department of the Treasury, Office of International Monetary Affairs: FRC 56 77 68, Briefing Book for the October 18-20 WP3/G-10 Deputies. Confidential. An earlier draft of this paper is presumably the August 28 paper discussed in the Volcker Group on August 31; see Document 173. In a September 8 letter to Volcker, OMB Assistant Director Dam cautioned against using the paper in G-10 discussions because focusing on quantitative goals before agreeing on the type of international monetary system the administration wanted might constrain long-term options. (Washington National Records Center, Department of the Treasury, Files of Under Secretary Volcker: FRC 56 79 15, PAV—Economic Stabilization Program)
77. Memorandum of Conversation
Source: Washington National Records Center, Department of the Treasury, Secretary’s Memos: FRC 56 74 17, Memcons 1971. Confidential. Drafted by Cates on September 13 and approved by Volcker. Copies were sent to Volcker, Petty, Willis, Schmidt, Dale, Meissner, and the Executive Secretary. The conversation was held in Secretary Connally’s Dining Room.
79. Memorandum From the President’s Assistant for International Economic Affairs (Peterson) to the Members of the Council on International Economic Policy
Source: National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 218, CIEP. Secret. Attached to an October 5 memorandum from Hormats to Kissinger summarizing the memorandum.
81. Telegram From the Mission to the OECD to the Department of State
Source: Washington National Records Center, Department of the Treasury, Office of International Monetary Affairs: FRC 56 77 68, Briefing Books, 1970-1975, EPC Meeting 11/18-19/71. Limited Official Use. Repeated to Ankara, Athens, Bern, Bonn, Brussels, Copenhagen, Dublin, The Hague, Helsinki, Lisbon, London, Luxembourg, Madrid, Oslo, Ottawa, Reykjavik, Stockholm, Tokyo, and USEC.
82. Telegram From the Embassy in Japan to the Department of State
Source: Department of State, S/S Files: Lot 73 D 153, Box 124, Morning Summaries, August 25-December 31, 1971. Limited Official Use. Repeated to the Secretary of Defense, COMUSJAPAN, HICOMRY, and CINCPAC.
83. Memorandum From Secretary of State Rogers to President Nixon
Source: National Archives, Nixon Presidential Materials, NSC Files, Agency Files, Box 285, State Volume 13. Secret.
84. Memorandum From Secretary of the Treasury Connally to President Nixon
Source: Washington National Records Center, Department of the Treasury, Records of Secretary Shultz: FRC 56 80 1, JBC Memoranda for the President-71. Secret.
85. Memorandum for the Record
Source: National Archives, Nixon Presidential Materials, NSC Files, Subject Files, Box 356, Monetary Matters. Secret. The meeting was held in the Roosevelt Room. Prime Minister Trudeau also met with President Nixon the same day.
86. Telegram From Secretary of State Rogers to the Department of State
Source: National Archives, RG 59, Central Files 1970-73, FN 12 GER W. Confidential. Repeated to Bonn.
89. Memorandum From the Executive Secretary of the Department of State (Eliot) to the President’s Assistant for International Economic Affairs (Flanigan)
Source: National Archives, RG 59, Central Files 1970-73, E 1 US. Confidential. Drafted by A. Reifman (E) on April 5 and cleared by Dallas L. Jones (S/PC) and George Springsteen (EUR). Attached is an April 7 memorandum from Assistant Secretary Willis C. Armstrong to Deputy Under Secretary Samuels noting that Volcker’s memorandum on the CIEP study on Canada revealed a large difference between Treasury and other agencies on Canada policy.