International Monetary and Trade Policy


151. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Subject Chron File, Box 91, Export Controls: (National Export Policy): 8/77–7/78. Confidential. Sent for information.


152. Memorandum From the President’s Assistant for Domestic Affairs and Policy (Eizenstat) and Robert Ginsburg of the Domestic Policy Staff to President Carter

Source: Carter Library, White House Central Files, Subject File, Box TA–6, TA 3 6/1/78–7/31/78. No classification marking. Neither Eizenstat nor Ginsburg initialed the memorandum.


154. Memorandum From the Assistant Secretary of the Treasury for International Affairs (Bergsten) to the Under Secretary of the Treasury for Monetary Affairs (Solomon)

Source: Carter Library, Anthony Solomon Collection, 1977–1980, Chronological File, Box 4, 8/78. Secret; Nodis. Solomon forwarded this memorandum to Blumenthal as background for an August 9 meeting with Chiaki Nishiyama, a professor of economics at Rikkyo University. In his August 8 cover memorandum to Blumenthal, Solomon noted that Nishiyama had “also spoken to Bill Miller along the same lines.” Advising that they “remain noncommittal” for now, Solomon said that it was unclear whether Nishiyama enjoyed “any official status” or if Matsukawa would espouse “the same line” during a visit to Washington later that week. (Ibid.) Matsukawa visited Washington August 10–11, meeting with Cooper, Solomon, and Blumenthal. (Telegram 197372 to Tokyo, August 4; telegram 208102 to Tokyo, August 16; telegram 210864 to Tokyo, August 18; National Archives, RG 59, Central Foreign Policy File, D780320–0059, D780336–0407, and D780340–0212, respectively)


155. Memorandum From the Assistant Secretary of the Treasury for International Affairs (Bergsten) to Secretary of the Treasury Blumenthal

Source: National Archives, RG 56, Records of Assistant Secretary of the Treasury for International Affairs C. Fred Bergsten, 1977–1979, Box 2, International Monetary. Confidential. Drafted by Fred Springborn and reviewed by Widman and Hessler. A stamped notation reads: “Noted by W.M.B.” Bergsten wrote at the top of the page: “Mike—This is rough but, I’m afraid, an accurate picture. New lows today re all European currencies. Fred.”


156. Summary of a National Security Council Meeting

Source: Carter Library, National Security Council, Institutional Files, Box 56, NSC–011, 5/18/78, U.S.-Soviet Relations. Secret. Carter initialed “C” at the top of the page, and Brzezinski signed at the bottom of the page. The meeting, which took place in the Cabinet Room, began at 3:04 p.m. and ended at 4 p.m. (Carter Library, Presidential Materials, President’s Daily Diary)


157. Telegram From the Department of State to the Embassy in Japan

Source: National Archives, RG 59, Central Foreign Policy File, P840140–2350. Secret; Immediate; Nodis. Drafted by Solomon, cleared by Special Assistant to Secretary Vance Arthur Houghton, Owen, and Sydney Goldsmith (S/S), and approved by Cooper. Sent for information Immediate to the White House.


158. Memorandum From Acting Secretary of the Treasury Carswell to President Carter

Source: Carter Library, Records of the Office of the Staff Secretary, Presidential File, Box 100, 8/31/78. Confidential. The memorandum bears the incorrect date of August 30, 1979. Carter initialed “C” at the top of the page. The memorandum was sent to Carter under cover of an August 30 memorandum from Owen, which both Carter and Brzezinski initialed. (Ibid.)


159. Telegram From the Embassy in France to the Department of State

Source: National Archives, RG 59, Central Foreign Policy File, D780366–0774. Confidential; Immediate; Limdis. Sent for information to Bonn, Brussels, and the Mission in Geneva.


160. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, President’s Correspondence with Foreign Leaders File, Box 11, Japan: Prime Minister Takeo Fukuda, 1–12/78. No classification marking. Sent for action.


161. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Subject Chron File, Box 92, Finance/Dollar: 1978. Confidential. Sent for information.


162. Memorandum From Secretary of the Treasury Blumenthal to President Carter

Source: Carter Library, Records of the Office of the Staff Secretary, Presidential File, Box 102, 9/22/78 [2]. Confidential. Sent to Carter under cover of a September 22 memorandum from Owen, who noted that State, CEA, and OMB concurred in Blumenthal’s recommendations; both Carter and Brzezinski initialed Owen’s memorandum. (Ibid.)


163. Memorandum From the Special Representative for Trade Negotiations (Strauss) to President Carter

Source: Carter Library, Records of the Office of the Staff Secretary, Presidential File, Box 103, 9/25/78 [1]. Secret. Carter wrote at the top of the page: “Bob—The harder & better we bargain now, (obviously) the better in Congress next year. J.”


164. Memorandum From the President’s Assistant for National Security Affairs (Brzezinski)

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Subject Chron File, Box 91, Export Controls: (National Export Policy): 8–12/78. Confidential. Sent to Brzezinski for his signature under cover of a September 18 memorandum from Owen, who noted that Schultze, Blumenthal, Solomon, Cooper, and Weil all supported studying U.S. export constraints. Owen also noted that Blumenthal, Solomon, and Cooper believed “that review of these constraints was probably the single most important action that could be taken to promote US exports.” (Ibid.)


165. Memorandum of Conversation

Source: National Archives, RG 59, Office of the Secretariat Staff, Records of the Under Secretary of State for Economic Affairs, Richard N. Cooper, 1977–1980, Lot 81D134, Box 3, Memorandum of Conversation, July–December 1978. No classification marking. Drafted by David Moran on September 28 and cleared by Ernest Johnston, Cooper’s Executive Assistant. The meeting took place in Cooper’s office.


166. Memorandum From the Special Representative for Trade Negotiations (Strauss) to President Carter

Source: National Archives, RG 364, 364–80–4, Special Trade Representative Subject Files, 1977–1979, Box 2, Countervailing Duties 1977. No classification marking. A typed notation reads: “IMMEDIATE ACTION REQUESTED.” Carter wrote at the top of the page: “Bob—Don’t embarrass us with Congress’ rejection. J.” Attached is a September 28 note from Hutcheson to Strauss, in which Hutcheson notes: “The attached was returned in the President’s outbox today and is forwarded to you for appropriate handling. The President signed the statement to the Congress today.”


167. Memorandum From Secretary of the Treasury Blumenthal to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 31, International Monetary Fund: 9/77–7/80. No classification marking. Carter initialed “C” at the top of the page. The memorandum was sent to Carter under cover of an October 4 memorandum from Owen, who noted that based on his impression of the recent joint IMF-World Bank meeting, Blumenthal’s memorandum represented “a balanced and accurate report. It is worth reading, since it indicates what kinds of US policies would persuade these people to buy, rather than sell, dollars.” (Ibid.)


168. Letter From President Carter to French President Giscard d’Estaing

Source: Carter Library, National Security Affairs, Brzezinski Material, President’s Correspondence with Foreign Leaders File, Box 6, France: President Valery Giscard d’Estaing, 2/77–11/78. No classification marking. Owen sent the letter to Carter for his signature under cover of an October 4 memorandum, in which he noted that the letter “tactfully” encouraged Giscard to meet his Bonn G–7 Summit commitments on trade. Owen commented: “While the Germans and Japanese have adopted measures to stimulate growth, and the U.S. will soon be acting on inflation and energy, the British and French are not fulfilling their part of the Bonn agreement. Bob Strauss (who cleared this letter, along with State, Treasury, and Jim Fallows) tells me that their trade negotiating positions haven’t changed since the Summit.” (Ibid.)


169. Message From the President’s Assistant for National Security Affairs (Brzezinski) to West German Chancellor Schmidt

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Country Chron File, Box 13, Germany F R: 7–10/78. Confidential; Via Annex Charlie Channels. Sent with the instruction to deliver at opening of business.


170. Letter From the Chairman of the Subcommittee on Trade of the House Ways and Means Committee (Vanik) and the Ranking Minority Member of the Subcommittee (Steiger) to the Special Representative for Trade Negotiations (Strauss)

Source: National Archives, RG 364, 364–80–4, Special Trade Representative Subject Files, 1977–1979, Box 2, Countervailing Duties 1977. No classification marking.


171. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 64, Summits: 1/78–8/79. Confidential. Sent for information. Carter and Brzezinski both initialed at the top of the page. An attached October 18 note from Owen to Brzezinski reads: “You asked me to postpone putting in this memo until after Camp David. I’ve brought it up to date. I’d like to get it in tonight, since part of it bears on the decisions he will be making tomorrow about his anti-inflation program.” Two previous memoranda from Owen to Carter on Summit follow-up and preparation, August 11 and August 16, are ibid.


172. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Country Chron File, Box 24, Japan: 8–12/78. Confidential. Sent for action. Both Carter and Brzezinski initialed at the top of the page.


173. Letter From the Head of the Delegation to the Multilateral Trade Negotiations (McDonald) to the Special Representative for Trade Negotiations (Strauss)

Source: National Archives, RG 364, 364–80–4, Special Trade Representative Subject Files, 1977–1979, Box 5, MTN Geneva 1977. No classification marking.


174. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Brzezinski Office File, Subject Chron File, Box 92, Finance/International: 7/78–1980. Confidential. Sent for information.


175. Briefing Memorandum From the Acting Assistant Secretary of State for Economic and Business Affairs (Hormats) to the Deputy Secretary of State (Christopher)

Source: National Archives, RG 59, Office of the Under Secretary for Economic Affairs, 1978–1980 Files Pertaining to International Monetary Affairs, OECD, Documents, External Research, Etc., Lot 81D145, Box 1, Exchange Rates. Limited Official Use. Drafted on November 1 by John Lefgren (EB/IFD/OMA) and cleared by Acting Deputy Assistant Secretary of State for International Finance and Development Michael Ely. Printed from a copy that does not bear Hormats’ initials. A handwritten notation at the top of the page reads: “Tab 2, Nov. 1, 1978.” The memorandum was Tab 2 of a November 1 memorandum from Thomas Forbord of the Office of Monetary Affairs to Cooper; Forbord’s memorandum notes that Hormats’ memorandum had been prepared at Christopher’s request. (Ibid.)


176. Memorandum From the President’s Assistant for National Security Affairs (Brzezinski) to President Carter

Source: Carter Library, Brzezinski Donated Material, Subject File, Box 42, Weekly Reports (to the President, 71–81) (9/78–12/78). Secret. Carter initialed “C” at the top of the page.


177. Memorandum From the Special Representative for Economic Summits (Owen) to President Carter

Source: Carter Library, Donated Material, Papers of Walter F. Mondale, National Security Issues, Box 83, National Security Issues—International Trade, [10/18/1977–12/14/1979]. Confidential. Sent for action.


178. Memorandum From the President’s Assistant for Domestic Affairs and Policy (Eizenstat) to President Carter

Source: Carter Library, White House Central Files, Subject File, Box TA–29, TA 4–14 1/1/78–12/31/78. No classification marking. Sent for action. A typed notation at the top of the memorandum reads: “Last day—Saturday, November 11.” Eizenstat did not initial the memorandum.


179. Memorandum From the Special Representative for Trade Negotiations (Strauss) to President Carter

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 63, Special Representative for Trade Negotiations (STR): 3/77–3/80. No classification marking. Carter initialed “C” at the top of the page.


180. Memorandum of Conversation

Source: Carter Library, National Security Affairs, Brzezinski Material, Subject File, Box 37, Memcons: President: 11/78. Secret; Sensitive. Carter spoke to Giscard from the Oval Office. Carter wrote at the top of the page: “ok—cc: Susan. J.” Carter’s handwritten notes on the conversation are in the Carter Library, Plains File, President’s Personal Foreign Affairs File, Box 1, France, 9/77–5/81.