800.515/961: Telegram

The Acting Secretary of State to the Ambassador in the Soviet Union (Harriman)

437. The substance of the Soviet reply on the proposed currency arrangements as set forth in your 509 of February 15 has been communicated to the War Department.

With respect to paragraph 4 of Molotov’s reply, the question of the exchange rate is receiving attention in the State, War, and Treasury Departments, and the views of this Government will be transmitted when they are completely formulated.

The War Department has not as yet given any answer to paragraphs 6 and 7 of the Soviet reply.

Stettinius