86–3

Conversation No. 86-3

Date: December 15, 1971
Time: Unknown before 12:08 pm until 1:22 pm
Location: Cabinet Room

The President met with 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, and Ezra Solomon; the
White House photographer and members of the press were present at the beginning of the
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



meeting
[Recording begins while the conversation is in progress]

[General conversation/Unintelligible]

The President entered at 12:08 pm

Greetings


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President’s meeting with Georges J. R. Pompidou

[To listen to the segment (2m9s) declassified on 02/28/2002, please refer to RC# E-569.]

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United States’ monetary policy
-Inflation
-Jobs
-International Monetary Fund [IMF]
-Passage of tax bill, August 15
-Connally
-Competitive position for United States’ goods
-Volcker
-Monetary crisis
-Need for new monetary system
-Burden-sharing, trade


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International trade and economics

[To listen to the segment (1h16s) declassified on 02/28/2002, please refer to RC# E-569, E-
570.]

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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/08)



[General conversation/Unintelligible/Camera noise]

Congressional schedule
-House of Representatives
-Senate
-Defense Appropriation Bill
-DC bill
-Continuing Resolution

State of the Union Address

Presidential gifts
-Money clips

IMF negotiations sensitivity

[General conversation/Unintelligible]

The President, et al. left at 1:22 pm