624–20

Conversation No. 624-20

Date: November 24, 1971
Time: 11:46 am - 12:27 pm
Location: Oval Office

The President met with John B. Connally and Arthur F. Burns; the White House photographer
was present at the beginning of the meeting.

Greetings

The White House operator talked with the President at 11:46 am.

[Conversation No. 624-20A]

[See Conversation No. 15-137]

[End of telephone conversation]

The President's schedule
-Previous meeting

Seating arrangements
-Motion picture coverage of meeting

The President's previous speech to American Federation of Labor-Congress of Industrial
Organizations [AFL-CIO] convention
-Press coverage
-The President's demeanor
-Jews
-Political preferences
-Conversations with Burns
-George Meany
-The President's previous speech to AFL-CIO convention
-Meany
-Oath of office
-Burns’s view
 31

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-20 (cont.)


The President's schedule
-Luncheon meeting
-Burns, Henry A. Kissinger, George P. Shultz and Connally
-Peter G. Peterson
-Forthcoming foreign visits and visitors
-Georges J.R. Pompidou
-Timing
-Forthcoming meeting with Willy Brandt
-Emilio Garrastazu Medici
-Pompidou
-Edward R.G. Heath
-Brandt
-The President's forthcoming trips to People's Republic of China [PRC] and
Soviet Union
-International monetary situation
-Finance ministers
-Connally and William P. Rogers
-Purpose of meetings
-Finance ministers
-The President's forthcoming trips to PRC and Soviet Union
-Kissinger’s view
-Valery Giscard D'estaing
-Anthony P. Lysberg, Lord Barber
-Heath
-Karl Schiller
- Brandt
-Timing of announcements
-Japan
-Connally’s previous meeting

International monetary situation
-Forthcoming meeting of the Group of Ten
-Gold
-Price
-Convertibility
-Forthcoming luncheon
-Kissinger's views
-Previous meeting between Connally and Burns
 32

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-20 (cont.)


Herbert Stein
-Role with administration
-Heath

The President's visit to Washington Redskins practice session
-Joe Garagiola
-Comments regarding visit

International monetary situation
-Currency realignment
-Import surcharge
-Currency realignment
-Public relations
-Negotiation strategy
-Currency realignment
-Gold
-Connally’s view
-France
-International Monetary Fund's [IMF] possible action
-Special Drawing Rights [SDRs]
-European Economic Community [EEC]'s possible action
-Connally's forthcoming meeting in Rome
-Burns’s view
-IMF
-Congress
-Congress
-Convertibility
-IMF reserve assets
-Burns’s view
-Currency realignment
-Malaysia
-IMF
-SDRs
-Importance
-The Presidents view
-Political benefits
-Agriculture
-West Germany
-Offsets
-Trade
-Offsets
 33

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-20 (cont.)


-Kissinger's views
-Japan
-Offsets
-Connally’s view
-Burden-sharing
-Timing of negotiations
-Negotiation strategy
-Stock Market
-Connally's forthcoming meeting in Rome
-The President's forthcoming meetings
-Announcements
-The President's meeting with Connally and Burns
-Statement to press
-Forthcoming meetings with leaders

An unknown man entered at an unknown time after 11:46 am.

The President's schedule
-Rogers

The unknown man left at an unknown time before 12:27 pm.

National economy
-Money supply
-Burns's efforts
-Peter M. Flanigan's calls to Wall Street bankers
-Letter writing campaign
-Burns's promises
-Stock market
-Margin requirements
-Federal Reserve Board meeting
-Ronald L. Ziegler's statement
-Possible effect
-Possible alternative statements

Federal Reserve Board [FRB]
-Independence
 34

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 624-20 (cont.)


The President's schedule
-Rogers
-Burns and Connally

Burns and Connally left at 12:27 pm.