{"conversationCode":"022-016","tapeNumber":22,"conversationNumber":16,"identifier":"37-wht-conversation-022-016","startDateTime":"1972-03-24T18:28:00.000Z","endDateTime":"1972-03-24T18:29:00.000Z","startDate":"24-Mar-1972","startTime":"1:28 PM","endDate":"24-Mar-1972","endTime":"1:29 PM","dateCertainty":"certain","timeCertainty":"certain","participants":"Nixon, Richard M. (President); White House operator; Haldeman, H. R. (\"Bob\");","description":"On March 24, 1972, President Richard M. Nixon, White House operator, and H. R. (\"Bob\") Haldeman talked on the telephone from 1:28 pm to 1:29 pm. The White House Telephone taping system captured this recording, which is known as Conversation 022-016 of the White House Tapes.","locationCode":"WHT","recordingDevice":"White House Telephone","latitudeEstimated":38.89767,"longitudeEstimated":-77.03655,"chronCode":3,"chronRelease":"Third Chronological Release","chronReleaseDate":"28-Feb-2002","aogpRelease":null,"aogpSegment":null,"lastModified":"2015-07-27T17:04:10.235Z","findingAid":"Conversation No. 22-16\n\nDate: March 24, 1972\nTime: 1:28 pm - 1:29 pm\nLocation: White House Telephone\n\nThe White House operator talked with the President.\n\n     Call from H. R. (“Bob”) Haldeman\n\nHaldeman talked with the President between 1:28 pm and 1:29 pm.\n\n[See Conversation No. 326-19B]\n\n     Interest rates\n           -[John B. Connally’s] advice\n                 -Link with demand\n           -Administration’s views\n           -Prime rate\n                 -Statement\n                 -Increase\n                       -Reasons","filename":["022-016.mp3"],"tapeStart":"00:52:08","tapeEnd":"00:53:00","participantsList":["Nixon, Richard M. (President)","White House operator","Haldeman, H. R. (\"Bob\")"],"prevCode":"022-015","nextCode":"022-017","transcript":[{"start":1.01,"end":1.49,"text":"Yeah."},{"start":1.51,"end":3.03,"text":"Mr. Haldeman, sir."},{"start":3.05,"end":3.51,"text":"Yeah."},{"start":3.53,"end":4.57,"text":"There you are."},{"start":4.59,"end":5.03,"text":"Hello."},{"start":5.05,"end":5.5,"text":"Yeah."},{"start":5.51,"end":16.05,"text":"He says that if you want to take it strong, which he thinks you should, that you should say from the ticker reports you've seen, they say they're doing this in anticipation of increased demand."},{"start":17.19,"end":21.25,"text":"This is a poor justification for raising rates, that they should wait until the demand develops."},{"start":22.81,"end":24.57,"text":"We're still concerned about interest rates."},{"start":24.63,"end":26.42,"text":"We'd like to see them go down instead of up."},{"start":27.2,"end":27.78,"text":"That's right."},{"start":34,"end":38.63,"text":"Apparently, the statement they put out, they said they were raising the prime rate in anticipation of increased demand."},{"start":40.11,"end":40.4,"text":"Okay."},{"start":40.41,"end":43.48,"text":"And he thinks that's not a... they should wait until they get it and then raise it."},{"start":48.53,"end":49.17,"text":"Good."},{"start":49.82,"end":49.92,"text":"Okay."}],"aiSummary":{"text":"President Nixon and H. R. Haldeman discussed the administration's strategic response to a recent increase in the prime interest rate. Conveying advice from John B. Connally, Haldeman suggested that the administration publicly criticize the banks' justification for the hike, which cited anticipation of future demand. Nixon agreed with this stance, emphasizing that the rate increase was premature and that the administration preferred to see interest rates decline.","topics":["Interest rates","Prime rate","John B. Connally","Economic policy","Banking"],"generatedAt":"2026-04-06T02:18:32.922Z"},"topicSlugs":["interest-rates","prime-rate","john-b-connally","economic-policy","banking"],"audioDurationSec":51,"audioFiles":[{"file":"022-016.mp3","bytes":1229426,"durationSec":51.17,"bitrate":192202,"missing":false}],"audioIsShared":false,"audioProbedAt":"2026-09-18T02:19:27.521Z","audio":["https://nixon.nyc3.digitaloceanspaces.com/audio/022-016.mp3"],"url":"https://www.easynixon.org/tapes/022-016","nixonLibraryUrl":"https://www.nixonlibrary.gov/white-house-tapes/022/conversation-022-016","catalogNaId":417192999,"catalogUrl":"https://catalog.archives.gov/id/417192999","license":"Public domain (U.S. Government work). AI-generated fields (transcript, aiSummary) are provided as-is without warranty."}