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Conversation: 630-003

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Start Date: 6-Dec-1971 12:07 PM

End Date: 6-Dec-1971 12:32 PM

Participants:

Nixon, Richard M. (President)Bull, Stephen B.Connally, John B.White House operatorBanuelos, Romana A.Kissinger, Henry A.

Recording Device: Oval Office

Full Tape Conversation Start Time: 00:09:26

Full Tape Conversation End Time: 00:35:46

630a.mp3

630b.mp3

630c.mp3

NARA Description:

On December 6, 1971, President Richard M. Nixon, Stephen B. Bull, John B. Connally, White House operator, Romana A. Banuelos, and Henry A. Kissinger met in the Oval Office of the White House from 12:07 pm to 12:32 pm. The Oval Office taping system captured this recording, which is known as Conversation 630-003 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 630-3

Date: December 6, 1971
Time: 12:07 pm - 12:32 pm
Location: Oval Office

The President met with Stephen B. Bull and John B. Connally; a National Broadcasting
Company [NBC] film crew was present at the beginning of the meeting.

     Greetings

Bull left at 12:07 pm.

     Romana A. Banuelos' appointment
         -United States Treasurer
         -Biographic information
         -Connally's staff
               -Meetings
               -Mary T. Brooks
         -Position

     Group of Ten meeting
         -Canadian meeting
                                             4

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                     Conv. No. 630-3 (cont.)


                -Timing

The President talked with the White House operator at an unknown time between 12:07 pm and
12:18 pm.

[Conversation No. 630-3A]

[See Conversation No. 16-19]

[End of telephone conversation]

     Banuelos
         -Talk with the President
              -Topics for conversation

     Group of Ten meeting
         -Canada
         -Fixed exchange rates
         -Balance of payments
         -Surplus
         -Realignment of currency
                -Canada’s relationship with the US
                      -Interrelationship
         -Trade
                -Germany
                      -Deutsche marks
                      -Amount of trade with France
         -Relationship with the US
         -Great Britain
         -Italy
         -Japanese
                -Trade
                -Realignment of currencies
                -Germany
         -Switzerland
                -Protection of national interests
         -US position
                -Assumption by Group of Ten
         -Gold prices
                -President’s instructions
         -Arthur F. Burns
                                                5

                            NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                    Conv. No. 630-3 (cont.)


          -Paul A. Volcker
          -Connally
                -Attendance
          -Congress
          -US position
                -Protection of US interests
                -Trade issues
                      -Discussions
                           -Duration
                -William D. Eberle
                      -Negotiations with the European communities
                -Columnists
          -US participation

The President and Connally talked with Romana A. Banuelos between 12:18 pm and 12:19 pm.

[Conversation No. 630-3B]

[See Conversation No. 16-20]

[End of telephone conversation]

     Group of Ten meeting
         -Position paper
               -Canadians

Bull entered at an unknown time after 12:19 pm.

     Connally's position paper
         -Delivery by bull

Bull left at an unknown time before 12:23 pm.

     Group of ten meeting
         -Negotiations
                -Multinational solution
                -Connally’s view
                     -Great Britain
                           -Currency floating
                           -Foreign trade
                                 -Percentage
                                              6

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                     Tape Subject Log
                                       (rev. 10/06)
                                                                     Conv. No. 630-3 (cont.)


                           -Bilateral basis
                           -Gold prices
                           -Bargaining position with European community
                     -Japan
                           -Participation
                     -Canada
                     -US position
                           -Realignment
                                  -Percentage
                                  -Canada
                                  -Japan
                                  -Structure
                                  -Canada
                                        -Bilateral basis
                -Trade issue
                -Automobile agreement
                -Multilateral solution
                     -Japan
                     -European community
                     -US position
                           -US and Canada
                     -Trade
                     -Currency floating
                           -Possible solutions
                     -Fixed exchange rate
                     -Canadian-US dollars
                           -Revaluation

Kissinger entered at 12:23 pm.

     Washington Post
         -Katherine L. Graham article on Connally

     India-Pakistan situation
           -Announcement of aid cut-off
                -State Department
                      -Law cited
                            -Underdeveloped countries
                                 -Helicopters

     Group of Ten meeting
                                                7

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                               Conv. No. 630-3 (cont.)


           -Burden sharing
                 -North Atlantic Treaty Organization (NATO)
           -Canada
           -Netherlands foreign minister
                 -Joseph M. Luns [?]
                 -Connally
           -Pierre E. Trudeau
           -Possible methods on dealing with Trudeau
                 -Multinational settlement
                       -Currency floating
                       -Revaluation
                             -Percentage
                       -Possible scenarios
                       -Trade
                       -Automobile agreements
                       -Tourist business
                       -Trade minister
                             -Unknown Canadian [?]
                       -Maurice H. Stans
                       -Bilateral agreement
                             -Options

     Campaign check off issue
         -President’s instructions
               -Gerald R. Ford and Wilbur D. Mills
                    -Calls from Connally
                           -William E. Timmons
                                 -Strategy

     President’s schedule
          -Meeting
                -Connally and Kissinger
                      -Timing
                -India-Pakistan situation
                      -US aid to India
                           -Amount
                      -Pakistan
                           -Independent state
                                 -Recognition

Connally and Kissinger left at 12:32 pm.
                                              8

                          NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. 10/06)
                                                                    Conv. No. 630-3 (cont.)