Negotiating the New Rules, May 1973–June 1975
68. Memorandum From the President’s Counselor for Economic Policy (Rush) to President Nixon
Source: National Archives, Nixon Presidential Materials, White House Special Files, Staff Member & Office Files, President’s Office Files, President’s Handwriting, Box 27, June 1974. Confidential. A stamped notation on the memorandum indicates Nixon saw it.
70. Memorandum by the Under Secretary of the Treasury for Monetary Affairs (Bennett)
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, June–Aug. 1974. Confidential.
71. Memorandum From the Chairman of the Council of Economic Advisers (Stein) to the Under Secretary of the Treasury for Monetary Affairs (Bennett)
Source: National Archives, Nixon Presidential Materials, White House Central Files, Staff Member & Office Files, Council of Economic Advisers, Herbert Stein, Box 106, Meetings Files, Meeting on Gold, Secy. Simon’s Office, 8–12–74. Confidential.
72. Letter From the Chairman of the Federal Reserve System Board of Governors (Burns) to Secretary of the Treasury Simon
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, June–Aug. 1974. No classification marking. Drafted by Bryant and approved by Wallich.
73. Letter From Secretary of the Treasury Simon to the Chairman of the Federal Reserve System Board of Governors (Burns)
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, June–Aug. 1974. Confidential.
75. Letter From the Chairman of the Federal Reserve System Board of Governors (Burns) to Secretary of the Treasury Simon
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, Sept.–Dec. 1974. Personal and Confidential.
76. Letter From the Chairman of the Federal Reserve System Board of Governors (Burns) to Secretary of the Treasury Simon
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, Sept.–Dec. 1974. Personal and Confidential. Drafted by Bryant.
77. Memorandum From Secretary of the Treasury Simon to President Ford
Source: Ford Library, President’s Handwriting File, Subject File, Box 19, Finance—Gold. Official Use Only. According to the minutes of its November 21 meeting, the Economic Policy Board Executive Committee approved Simon’s memorandum to the President. In attendance at the EPB meeting were Simon, Seidman, Greenspan, Ash, Eberle, Butz, Cole, Ingersoll, Seevers, Yeutter, Katz, Richard Bell of the Department of Agriculture, and Howard Worthington of the Department of the Treasury. (Ibid., U.S. Council of Economic Advisers Records, Alan Greenspan Files, Box 57, Economic Policy Board Meetings, EPB—Nov 1974)
78. Memorandum From Secretary of the Treasury Simon to President Ford
Source: Ford Library, National Security Adviser, Trip Briefing Books and Cables for President Ford, Box 6, 12/14–16/74—Martinique General (5). Confidential; Nodis. An attached December 13 memorandum from Hormats to Kissinger refers to a memorandum from Simon on gold, and a notation on Hormats’s memorandum indicates Ford saw it. The attached NSC correspondence profile, which lists as its subject “Treasury input re discussion of gold issue at Martinique summit,” indicates that it was noted by the President.
79. Memorandum From Henry Wallich, Member of the Federal Reserve System Board of Governors, to the Chairman of the Federal Reserve System Board of Governors (Burns)
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, Sept.–Dec. 1974. No classification marking.
80. Memorandum of Conversation
Source: Ford Library, National Security Adviser, Memoranda of Conversations, Box 8. Secret; Sensitive. The conversation took place at the Hotel Meridien. All brackets, except those that indicate an omission, are in the original.
81. Memorandum From Edwin Truman of the Federal Reserve System Board of Governors Staff to the Chairman of the Federal Reserve System Board of Governors (Burns)
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, Sept.–Dec. 1974. No classification marking. Copies were sent to Wallich, Solomon, and Bryant.
82. Message From British Prime Minster Wilson to President Ford
Source: Ford Library, National Security Adviser, Kissinger–Scowcroft West Wing Office Files, Box 24, United Kingdom (18) (9/11/74–12/31/74). No classification marking. Forwarded under cover of a December 30 letter from British Ambassador Rams-botham to President Ford. Kissinger subsequently forwarded both documents to the President under cover of a December 31 memorandum. (Ibid.)
83. Memorandum From Secretary of the Treasury Simon to President Ford
Source: Ford Library, L. William Seidman Papers, Box 206, Name Files, Simon, Wm., 1/18–31/75. No classification marking. Initialed by Seidman.
84. Memorandum From Henry Wallich, Member of the Federal Reserve System Board of Governors, to the Chairman of the Federal Reserve System Board of Governors (Burns)
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, Jan.–May 1975. No classification marking. Copies were sent to Bryant and Solomon.
85. Paper Prepared in the Department of the Treasury
Source: Ford Library, Arthur Burns Papers, Federal Reserve Board Subject Files, Box B52, Gold, Jan.–May 1975. No classification marking. Attached to a May 20 note from Truman to Burns that reads: “Attached is a statement on gold that Jack Bennett said that he had distributed for discussion at the G–10 Deputies’ meeting last week in Paris. Mr. Bennett reported to the International Monetary Group that this statement represented ‘his personal understanding of the position of the United States.’”
86. Memorandum From the Chairman of the Federal Reserve System Board of Governors (Burns) to President Ford
Source: Ford Library, William Simon Papers, Drawer 23, Folder 2, Gold, 1974 (Nov)–1975. Strictly Confidential (FR). Copies were sent to Simon, Kissinger, Greenspan, Lynn, and Seidman.
87. Memorandum From Secretary of the Treasury Simon to President Ford
Source: Ford Library, U.S. Council of Economic Advisers Records, Alan Greenspan Files, Box 1, L. William Seidman II. Confidential. Copies were sent to Kissinger, Greenspan, Lynn, and Seidman.
88. Memorandum From the Assistant Secretary of State for Economic and Business Affairs (Enders) to the President’s Assistant for Economic Affairs (Seidman)
Source: Ford Library, L. William Seidman Papers, Box 69, Economic Policy Board Subject File, Gold. Confidential. Attached to an undated note from Nuel Pazdral, Enders’s Special Assistant, to Seidman that reads: “Mr. Enders asked that the attached memo be transmitted to you now, with the note that it has not yet been approved by Secretary Kissinger.” Also attached is a June 5 note from Seidman to President Ford that reads: “Attached is a memorandum from Tom Enders on the gold issue which reached my office after the briefing paper was submitted yesterday.” The briefing paper to which Seidman referred was his June 4 memorandum to the President summarizing Documents 86 and 87 and requesting a Presidential decision. The President did not indicate his decision on the June 4 memorandum from Seidman. (Ibid., William Simon Papers, Drawer 23, Folder 2, Gold, 1974 (Nov)–1975)
89. Letter From President Ford to West German Chancellor Schmidt
Source: Ford Library, National Security Adviser, Kissinger–Scowcroft West Wing Office Files, Box 36, West Germany—Egon Bahr Correspondence, Unindexed (5) (4/28/75–7/3/75). No classification marking. Attached to a June 5 memorandum from Seidman to the President that reads: “The attached letter represents the agreed upon position of the Federal Reserve Board, the Treasury Department and the State Department with respect to the gold position presented to you yesterday. It is their recommendation along with that of Alan Greenspan that it be signed and sent out today.” A meeting on gold took place in the Cabinet Room on June 5 from 12:42 to 1:30 p.m. In attendance were President Ford, Simon, Kissinger, Seidman, Burns, Scowcroft, Hormats, Porter, Lynn, Director of the Presidential Personnel Office Douglas Bennett, and Counselor John O. Marsh, Jr. (Ibid., President’s Daily Diary) No other record of this meeting has been found.
90. Memorandum From the President’s Assistant for Economic Affairs (Seidman) to President Ford
Source: Ford Library, President’s Handwriting File, Subject File, Box 19, Finance—Gold. No classification marking. A stamped notation on the memorandum indicates that Ford saw it.