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Conversation: 788-005

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Start Date: 29-Sep-1972 10:56 AM

End Date: 29-Sep-1972 11:07 AM

Participants:

Nixon, Richard M. (President)Burns, Arthur F.Bull, Stephen B.

Recording Device: Oval Office

788-005.mp3

NARA Description:

On September 29, 1972, President Richard M. Nixon, Arthur F. Burns, and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 10:56 am and 11:07 am. The Oval Office taping system captured this recording, which is known as Conversation 788-005 of the White House Tapes.

Nixon Library Finding Aid:

Conversation No. 788-5

Date: September 29, 1972
Time: Unknown between 10:56 am and 11:07 am
Location: Oval Office

The President met with Arthur F. Burns.
                                 12
         NIXON PRESIDENTIAL MATERIALS STAFF

                         Tape Subject Log
                           (rev. Nov-03)

The President's schedule
    -Previous meeting with Maurice Schumann

International Monetary Fund [IMF] meeting
     -Burns’s view
     -Prices in US
          -Foreign reaction to trends in US
               -Control
               -Production
                   -Last year’s statistics

Burns’s schedule
    -Stephen B. Bull
    -Timing
         -1972 Presidential elections
              -Burns’s role
    -Japan
    -India
    -Indonesia
    -India
         -The President’s view
         -Pakistan
         -Bangladesh
    -Indonesia
         -The President’s view
    -Burns’s previous trips
         -Singapore
         -Malaysia
         -South Korea
         -Taiwan
         -Hong Kong
         -South Korea
    -Possible itinerary
         -Japan
         -Indonesia
         -Iran
              -Mohammad Reza Pahlavi [Shah of Iran]
                       -The President’s view
                       -Israel
                         -Hussein ibn Talel [Hussein, King of Jordan]

The US economy
                                             13
                      NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Nov-03)

                 -Federal Reserve system
                 -Discount rates
                      -Bank directors
                      -Control of rates
                           -Timing
                      -Stock market
                           -Effect
                           -New York
                           -New Jersey
                           -Connecticut
                           -Joseph P. Kennedy's purchase of stocks in 1960
                                -Timing
                      -New York Stock Exchange
                           -[James J. Needham], Bernard J. (“Bunny”) Lasker
                 -Money supply and interest rates
                      -Control of prices
                           -The President’s view
                                -Increases
                 -The president’s view
                 -Italians
                 -British
                      -Current situation
                      -The President’s forthcoming meeting with Sir
                       Alexander F. Douglas-Home
                      -Burns’s view
                           -Fiscal discipline
                           -Government control
                 -American labor unions
                      -British labor unions
                      -George Meany
                 -British
                      -Attitude
                           -George P. Shultz

Bull entered at an unknown time after 10:54 am.

             The President’s schedule
                 -Forthcoming meeting with Home
                 -Forthcoming dinner for Home
                     -Unknown person’s schedule
                     -Burns’s schedule
                                                14
                        NIXON PRESIDENTIAL MATERIALS STAFF

                                      Tape Subject Log
                                        (rev. Nov-03)

Bull left at an unknown time before 11:07 am.

The President and Burns left at 11:07 am.