Nixon White House Tapes › Tape 638 › Conversation 638-010

Nixon & Bull on Paul A. Volcker and Treasury Department

Wednesday, December 15, 1971 · 12:02 PM–12:06 PM ET · Oval Office · 7 sec

ParticipantsNixon, Richard M. (President); Bull, Stephen B.Conversation638-010 on Tape 638 (tape position 03:15:59–03:16:20)StartWednesday, December 15, 1971 at 12:02 PMEndWednesday, December 15, 1971 at 12:06 PMRecording deviceOval OfficeSourceNixon Library record for 638-010 ↗

President Nixon met with his aide Stephen B. Bull to coordinate an urgent administrative task. The primary purpose of the meeting was to facilitate a direct communication channel with the Treasury Department. Nixon directed Bull to summon Under Secretary of the Treasury Paul A. Volcker to the Oval Office for an immediate consultation.

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On December 15, 1971, President Richard M. Nixon and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 12:02 pm and 12:06 pm. The Oval Office taping system captured this recording, which is known as Conversation 638-010 of the White House Tapes.

Conversation No. 638-010

Date: December 15, 1971
Time: Unknown between 12:02 pm and 12:06 pm
Location: Oval Office

The President met with Stephen B. Bull.

     Asks that Paul A. Volcker come to the Oval Office

Bull left at an unknown time before 12:06 pm.
  • 638-006 11:45 AM · 22 sec — President Richard M. Nixon and Alexander P. Butterfield met in the Oval Office of the White House from 11:45 am to 11:46 am.
  • 638-007 11:51 AM · 10 sec — President Richard M. Nixon and Alexander P. Butterfield met in the Oval Office of the White House from 11:51 am to 11:52 am.
  • 638-008 11:55 AM · 10 min — President Richard M. Nixon and H. R. ("Bob") Haldeman met in the Oval Office of the White House from 11:55 am to 12:02 pm.
  • 638-009 12:02 PM · 1 min — President Richard M. Nixon and Stephen B. Bull met in the Oval Office of the White House at an unknown time between 12:02 pm and 12:06 pm.
  • 638-011 12:02 PM · 19 sec — President Richard M. Nixon and unknown person(s) met in the Oval Office of the White House at an unknown time between 12:02 pm and 12:06 pm.
  • 638-012 12:06 PM · 53 sec — President Richard M. Nixon, Paul A. Volcker, and unknown person(s) met in the Oval Office of the White House from 12:06 pm to 12:07 pm.
  • 638-014 12:07 PM · 20 sec — United States Secret Service agents and unknown person(s) met in the Oval Office of the White House at an unknown time between 12:07 pm and 1:22 pm.
  • 086-003 12:08 PM · 1 hr 12 min — President Richard M. Nixon and bipartisan Congressional leaders, including Michael J. ("Mike") Mansfield, Hugh Scott, John G. Tower, Carl B. Albert, [Thomas] Hale Boggs, John W. Byrnes, Gerald R. Ford, Wright Patman, William B. Widnall, Wilbur D. Mills, John B. Connally, Paul W. McCracken, Herbert Stein, Peter G. Peterson, George P. Shultz, Paul A. Volcker, Henry A. Kissinger, John A. Scali, Clark MacGregor, William E. Timmons, William L. Safire, Nathanial Samuels, Ezra Solomon, White House photographer, and members of the press, met in the Cabinet Room of the White House at an unknown time between 12:08 pm and 1:22 pm.

Conversation 638-010, December 15, 1971. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/638-010 (accessed October 11, 2026).