Nixon White House Tapes › Tape 2 › Conversation 002-078
Nixon phone call with Connally on International Monetary Policy
Tuesday, May 4, 1971 · 7:46 PM–7:47 PM ET · White House Telephone · 1 min
AI Summary
President Nixon and Secretary of the Treasury John Connally coordinated the release of an official U.S. statement regarding international monetary policy in response to speculative currency movement in West Germany. The discussion focused on maintaining existing exchange parities and reasserting U.S. commitment to international economic stability and balance of payments objectives. Connally confirmed that the statement would be issued regardless of ongoing efforts to reach German officials.
- International Monetary Policy
- Exchange Rates
- Balance of Payments
- West Germany
- John Connally
Audio
Transcript (AI-generated)
This transcript is incomplete. The transcription skipped stretches of speech — roughly 1 minute of this recording (about 49% of it) is represented by only a few words. Listen to the audio rather than relying on the text below; a corrected transcript is queued.
This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Names and numbers are often wrong; speakers are not identified. Do not cite it as authoritative — verify against the audio and the finding aid.
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NARA Description
On May 4, 1971, President Richard M. Nixon and John B. Connally talked on the telephone from 7:46 pm to 7:47 pm. The White House Telephone taping system captured this recording, which is known as Conversation 002-078 of the White House Tapes.
Nixon Library Finding Aid
Conversation No. 2-78
Date: May 4, 1971
Time: 7:46 pm - 7:47 pm
Location: White House Telephone
The President talked with John B. Connally.
US statement of international monetary policy
-Exchange rates
-Balance of payments
-Connally's possible conversation with Federal Republic of Germany [FRG] officialsAlso recorded on May 4, 1971
- 490-024 3:07 PM — President Richard M. Nixon, Manolo Sanchez, John D. Ehrlichman, George P. Shultz, unknown person(s), Ronald L. Ziegler, H. R. ("Bob") Haldeman, White House operator, Stephen B. Bull, Walter E. Washington, Arthur F. Burns, Paul W. McCracken, Paul A. Volcker, Richard G. Kleindienst, and John B. Connally met in the Oval Office of the White House from 3:07 pm to 6:19 pm.
- 002-073 4:10 PM · 5 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 4:10 pm and 4:20 pm.
- 002-074 4:20 PM · 3 min — President Richard M. Nixon and Walter E. Washington talked on the telephone from 4:20 pm to 4:22 pm.
- 002-075 4:22 PM · 5 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 4:22 pm and 4:27 pm.
- 002-076 4:29 PM · 4 min — President Richard M. Nixon and Richard G. Kleindienst talked on the telephone from 4:29 pm to 4:31 pm.
- 002-077 4:31 PM · 4 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 4:31 pm and 7:46 pm.
- 002-079 7:47 PM · 3 sec — President Richard M. Nixon and the White House operator talked on the telephone at an unknown time between 7:47 pm and 7:49 pm.
- 002-080 7:49 PM · 3 min — President Richard M. Nixon and H. R. ("Bob") Haldeman talked on the telephone from 7:49 pm to 7:52 pm.
Cite this conversation
Conversation 002-078, May 4, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/002-078 (accessed October 9, 2026).