federal reserve board speaking and other appearances, april … · (page 2) joint heating of the...

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WILLIAM McC. MARTIN, JR. FEDERAL RESERVE BOARD SPEAKING AND OTHER APPEARANCES APRIL 1951 - FEBRUARY 1970. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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WILLIAM McC. MARTIN, JR.

FEDERAL RESERVE BOARD

SPEAKING AND OTHER APPEARANCES

APRIL 1951 - FEBRUARY 1970.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Century Club (Economic Group) HOW xOTltt} a«I• •+•»••••••*••«•*••<

Conference of Directors of ell offices of Sen Francisco end showing of new Federal Reserve Building in Portland *•«••*••**»•*•

Joint Meeting of the Cleveland & Pittsburgh Directors *•*«*,

Xnvestnent Bankers Assfn -Governmental Securities Coma. -Hew York$ M«T« •«##»»•##«#•#••*#

Business Advisory Council Mot Springs* Va» ***•*«

Association of Stock Exchange Fln&s *** Wash*, D«C» *•*#••*•*•*#*•

Chamber of Goisnerce - Vice Presidents in charge of Gov»t Bond portfolios * New York, M»T* »•

Savings Bond Meeting » Washington, D#C, • ••«

Sproul dinner for Mrt Martin * New xork, N«X* • * + *•»••«# •«••«##*<

Federal Reserve Bank Meeting and Berry School trustee Mtg* <* Atlanta, Gsorgia •••••«•••••••••«

Inf • dlseusaion of monetary, fiscal, & economic problems #»#« U/12/51

Extemporaneous remarks ••• •#.•#• U/27/51

* *•»***••#• 5/1/51

Inf* discussion of current problems relating to debt management and FRB policy with emphasis on refunding and new *oney needs •••••..•••.• 5/V51

Extemporaneous remarks re Voluntary Credit Restraint fToa the borrowers side ••...•.• $fl2/$L

Extemp# remarks •.*•*****•*«*»,» 5/13/51

* .....*•„.»..... 5/29/51

•••••••.•..••••• 5/31/51

• •••••••• ¥7/51

* •••••••••.••••.• 6/8/51

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Joint Heating of the Boards of the Kansas City FRB 4 Denver

Branch — Denver, Colorado • . . • . . Extemporaneous remarks . . • . . • . • . 7/20/51

77th Annual Convention -American Bankers Ass*n -

Chicago, I l l i n o i s • "Our Federal Reserve System" • . • 10/2/51

Conference of Pans Credit Directors - Ashevll le, N#C« • • • « • • • Exteop. remarks . , * • • * , » • • • » • » • • 10/6/51

Joint Mtg* of Federal Reserve Bank of Richmond and i t s

Branches — Baltimore, Md H . • • 10AV51

Annual Meeting of Stockholders of the Federal Reserve Bank of Boston ~ Boston, Mass. *»«*••«• Exte^p. remarks re Monetary

& Credit Pol icies K>/l8/5l

Annual Convention of Kentucky Bankers Ass'n - Lou i sv i l l e , Ky, • •• "Economic Problems Ahead" • . . • • • 10/23/51

Federal Heserve Bank of Kansas City . • . • • • • • . • • • • Board Meeting • . . • • . . . • . . 11/6/51

Federal Reserve Bank of Dallas • • • . • . • Joint Board Meeting # 11/8/51

Nat ' l Indus t r ia l Conference Bd* * 5Uth TAMA Conference ~

Absecon, U.J* • • • • • . • • • • • •»+• •»« Extemp# remarks on cu r ren t , nat ional & indus t r i a l i n t e re s t* • l l / l 6 / 5 l

Semi-Annual Mtg*, Bd* of Trustees , Coram, for Economic Development . . . . Remarks re Patman questionnaire -

"off the Record* . . . . . . . . . 11/15/51

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(Page 3)

Sunday Breakfaet Club Philadelphia, Pa.

Katfl Industrial Conference Bd* Hew York, N.T# ••*»»••«»••••»•

Farmers Bank of State of Delaware, Dover, Del* •••••

18th Annual Convention of the Independent Banker© Ass'n, Minneapolis, Minnesota ••**,

Bankers Club of Chicago ~ Chicago, Illinois •«•«,».«•*«,

Federal Reserve Bank of St« Louis »•«•«•«••* ...

American Bakers Association -Graduate School of Banking «* New Brunswick, N#J» ,,•**•„.

International Monetary Fund and Bank meeting -Mexico City ...•••••••.„...

Federal Reserve Bank Branch Jacksonville, Florida •••••.•

Sxtemp# remarks on domestic economy of Hionetary & credit problems li/2/52

Extemp. remarks on importance of monetary policy under present conditions incl# ef­fectiveness of interest rates, voluntary credit restraints & other elements necessary to foster stability & progress • ••• VI7/52

Bxterop# remarks ........••..••*• 5/7/52

"Banking Independence" ..•.••.• 5A9/52

"SOTKAKI «~ Stability in Economy1' •.•.••. .••.••• 5/28/52

Joint Board mtg. (ii Bds#) 6A2/52

Extemp. remarks •••#•»*•••*•••»* 6/25/52

7th Annual Mtg» of Govemora • •• 9/1-1V52

Dedication of Jacksonville Branch ~~ Joint meeting of Atlanta Board & Branches ..•...• 10/17/52

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Hat'l Industrial Conference Bd* -55th YAMA Conference Absecon, N.J. «..*•••«•••«•••••

Federal Reserve Bank Branch ~ Charlotte, N.C. •»..•*•**• ..

Federal Reserve Bank New York, N.Y, .•.•. .*»..•..

YALE UNIVERSITY Sew York, N.T. • •.....•• ..•.•».•••

Savings Bond f e t i n g * Treasury Dept#

Wash,, D.C. . . . .

*50 Club" — Cleveland, Ohio *• . . •*••»««•••*•*

Xnvestiaent Bankers Aas'n - -Governmental Securities Cowru

New York, N.Y. . . • . . • • . . . . •

Federal Reserve Bank Hew York, M.Y, . . • , . . . • . . . . •

Hew York Financial Writers Assfn «* Hew York, N.Y. ....•.••....•.•....

Investment Bankers Ass9n -Hollywood, Florida •

fxtemp* remarks »•.**«..»,*.»**• 11/7-8-9/52

25th Anniversary of Opening of Charlotte Branch — Joint meeting of Boards •...•.•. 11A2/52

Meeting with Mr. Sproul ,,•.••.• II/II4/52

Retinion ....•..•..........•••..• ll/H/52

Extemp. remarks .....*.••• 11A7/52

Extemp. remarks ••+...•«..*•..«• 11/19/52

Secxcrities meeting #... 11/21/52

Meeting with Rbt. Stevens ...•.• 11/21/52

"Financial Follies of 1952* .••• 11/21/5?

Annual Convention «*» NUMMARY ~ Credit & other Economic Develop** aents in 1952* . . . . . . . . . . . . . . . . . 12/2/52

Federal Reserve Bank Chicago, Illinois ».•*»....«••*».• Conference of Chairmen ......... 12/U-5/52

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Industrial College of Armed Foreta *• Wash., D.C* .• • •.« "Role of Federal Reserve

System* ».*..»»•.««••.,« 1/21/53

DoB&nick & Dominick (Varick Stout) * New lork Annual Dinner for partners

of correspondent firms • «.« 1/22/53

Federal Reserve Bank of N»T. New Tork, N#T, • • • . . *, (Joverament Securities Cowru

meeting (Craft e t aL) •••••< 1/23/53

New Tork Clearing House «* New Tork, N*Y, Dinner for Aab» Aldrieh 2/3/53

Federal Heserve Bank New Tork, N,T. • • , £xtemp# remarks federa l

Reserve Credit Policy * ~~ (Central Bfcg. Seminar) ..« 2A6/53

American Cotton Manufacturing Inst i tute , Palm Beach, Fla, SUMHART ~ F lex ib i l i ty of

American Econoiay , •»»• . • • • •* •» • 3/27/53

Mortgage Bankers Association Washington, D.C# . • . * • • • . . , No address - mtg# &. dinner . • . • Ii/8/53

Eeonoiaic Club of Detroit Detroit, Michigan »*•< "The Transition to Free

Markets11 «••••••«•*••«, V13/53

American Society for Public Administration Washington, D#C# #•...., Extemp. remarks "The Federal

Reserve Institution in an Administration in Transition"•< V15/53

Calvin Bullock Foru» Mew Tork, H.T. ••,. Extemp» remarks • "Monetary

Policy" •••...•.•.....«•.••, U/29/53

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Federal Reserve BaKik of Boston Boston, Maes* *«»••*••««««•**•*«*»

Federal Reserve Bank of Atlanta Atlanta, Georgia •.... *.••.••

Tulane University New Orleans, Louisiana »•*»•*•*•«•

Farmers Bank of State of Delaware Wilmington, Del* »»*•••»«••»*••*

Aiaerican Farm Bureau Federation Washington, D.C. ««••,,*+«•*

Maryland and Virginia Bankers Association Bermuda . . . . . . . . . . . . . . . . . . . . . . m m

TALS UNIVERSITT New Haven, Conn, »*••*••••*•»*«»•

Business Advisory Council Washington, D.C* . . . . . . . . . . . . . . . .

Federal Reserve Bank -> Denver Branch Denver, Colorado . . . . . . . . . . . . . . *

"Federal Reserve Bank Eesponsibilitlea* •.,*..•••..»• 5/6/53

Board s*eeting • •. .••••» 5/8/53

Honorary Degree of Doctor of Laws *»•»

Eacteusp, remarks *Koney and Policy*1 .•.•..••. •..•.••. 5AV53

Annual dinner . . . . . . . . . . . . . . . . 5/13/53

Conference - discussion of general price level, etc* ..••• 5/25*26/53

STENOGRAPHIC TRANSCRIPT and SUKi.ARY ~ "Purpose and progress 5/30-

of Federal Reserve System* •• 6/U/53

1928 Beunion 6A3/53

Exterap. - ^Federal Reserve Policy and the use of fiscal & credit Measures * •••••• «••••,. + ««• 6/2l*/53

Joint mtg. of Boards ••••••.••••• 7/18/53

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National Autoaoblle Dealers Ass1!* Washington* D«C* *.*»•*«*.*

Sew lork Clearing House Mew York, H.T ..•••••••.*«

Conference of Business Boonowlste

Washington, D,C* • * • . , . « . . . » * .

Philadelphia Bond Club Philadelphia, Pa. , , • • * • • » , » . , , ,

N«Y* Financial Writers' Ass'n ~ •'Financial Fol l ies of 1953* -

Hew Tork, H#I

Washington Post Washington, D»C* •••»«»•»«•*••*«*

Mational Consumer Finance Ass'n Statler Hotel, Wash., D*C# ••..»••

Extent * • "Administration's position on Consumer Credit •is~a**vis automobile industry. 7/22/53

Dinner - celebration of 100th Anniversary of founding . • • . . • . • 10/5/53

Extearp * ''Fiscal and Monetary Affairs* • • • • • . . • • • • • • . • • • • • • • • 10A7/53

Bxteap - Monetary Policy and a Free Market" . . • • • . • . . . . • • . . • 10/22/53

Annual Dinner-show • • • • • • . . * • • • 11/20/53

Informal get~together of local financial community and top Fed# o f f i c i a l s — extemp - • . . . • . 11/23/53

Informal remarks re ^Over-all problems of money & finance from the viewpoint of FRBoard" • • • . . . 12/3/53

Chairmen's Conference Federal Reserve Board

Washington, D#C# . .« Exte»p «• "What can directors of the FRBariks do to promote a better understanding of the *Systea's monetary and credit responsibi l i t ies and their re ­lat ion to other functions of Government'1 ••••••«»••••»»«**«« 12/8/53

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Federal Reserve Bank of Richmond Richmond Virginia ....».•. •

Westinghouse Electric C©# New York, H«T. •.•••.••

Matfl Business Publications, Inc« Washington, D«C. . * . . . „ . . • •

ALFALFA CLUB Washington, D#C. • • • • . • • • . • • •

International Christian Leadership* Incorporated, Mayflower Hotel

Washington, D.C# »•»•»••*•»», . , •

Association of Stock Exchange Firm* Statler Hotel, Waeh#, D.C. • • • • • • •

Berry Schools Mount Berry, Georgia • . * . . • • • • . . . .

White House Correspondents Statler Hotel* Wash., D#C# • • , « • • .

WHITE HDUSI Washington, D.C, . . . . . . . . . . . . . . . . .

American Bankers Association Arden House, New York •**#•••*•••«

Washington Rotary Club Mayflower Hotel, Wash., D,C. • • •••

Extemp - Seminar group • * . . . . . . . 12/9/53

B i l l Knox*s pre Christmas luncheon »»•• • • •»• • • •»•»• • •«• • • • 12/10/53

wState of the Nation dinner* -presentation of Silver Quill Award to V*P. Nixon • • . • « . • • . • • • l / l 6 /$k

las t Annual Dinner • . • • . . • • 1/23/51*

2nd Annual Prayer Breakfast -PRESIDENT EISENHOWER gu&st of honor - Chief Justic Warren, speaker • , *»*• • • •« • • • , • • •»« • • . « • 2/U/5U

Dinner . . • • • • • • 2A^/5l

Trustee Meeting • • • . • . • • . . . • • . • . 2/L9/5U

Annual dinner *•,••••,**»«*«*»»* 3/6/5U

Vir. Martin i s guest of PRESIDENT EISEHHDWER at dinner • . . • • • . • . . • • 3/11/5U

Monetary Conference ~~ panel discussion on "Federal Reserve Policies* •• • • • • • • . • • . . . . . . . 3/lB/Sh

Extemp - Money Management • • • • • • . 3/3l/^U

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(Page 9)

Federal Reserve Bank San Francisco, Calif* .•..•...,

Pacific Northwest Conference on Banking State College of Washington Pullman, Washington .

Second Member Bank Assembly -Federal Reserve Bank of Minneapolis Minneapolis, Minn* . . . . . . . .

Natfl Ase*n of Investors Brokers Sew Tork, N.Y. ..<

Correspondent Bank Meeting First Hatfl Exchange Bank Roanoke, Virginia ...••••••.,

Farmers Bank of State of Del. Dover, Delaware ...............

Berry Schools Motmt Berry, Georgia •... «

American Society of Corporate Secretaries, Inc. lot Springs, Virginia . . . . . . .

Industrial College of the Armed Forces Wash., D.C. ...... .

Joint wseting of Boards .•.....• U/7/5&

Suraaary Remarks - "Monetary Policy and Free Markets" ....... k/9/5h

Summary Remarks - "Monetary Policy" . . . . . . . . . . . . . . . . . . . . . . . . \x/26/$]x

Dinner honoring Mr, Martin -l£th Anniversary of Ass*n of Customers' Brokers . . . . . . . . . . . . . k/29/$h

Extemp* remarks «» Monetary Policy" . .•• 5/8/5U

Shad dinner ..................• S/12/SU

Trustees Meeting •••........•... £/22/£U

Extemp. remarks «• "Monetary Policy" .. 6/l/£U

Student presentation ~ "Mobilisation of the Nat'l Econowy in the Face of Atomic Attack" 6/lO/<U

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Aaiherst College Aaherst, Mass. • • • * . * * . • • • • ,

SOS Club The Capitol Washington, D.C. ...... ....

Hew Toric Stock Exchange NevYork, N.Y. . . . . . .

Joint Mtg. of Boards Kansas City & Denver

Denver, Colorado •...«•••...•..•

Association of Stock Exchange Firms, Roosevelt Hotel, N.T. .....

Consumer Credit Management Program Graduate School of Business Columbia University Arden House, N.Y. ......•.•..•

American Farm Bureau Federation Willard Hotel Washington, D.C. •••.•«..*••••••

Bank and Fund Meeting Mayflower Hotel

Washington, D.C. «•••*.«•«••...

Investment Group of Hartford Travelers Insurance Co.

Hartford, Conn. .*••....•••••.•

Circus Saints & Sinners Club Washington, D.C. .•••.....••••••.

Honorary Degree - ̂ Doctor of Laws* ........................ 6/l3/$k

Extemp. remarks - Responsibilities of Federal Reserve System in total national policy .. ........... 6/22/51*

Dinner for Harold Scott .......... 7/12/5U

Extemp. remarks ........... . 7/17/5U

Extemp. remarksi on Trust Funds and Margin Requirements ... 7/23/5U

Extemp. remarks on Central

Banking & Consular Credit • . . 7/30/Sh

Monetary Fiscal Policy Conf. #.... 9/9/5U

Hinth Annual Meeting 9/2U-29/5U

Extemporaneous «~ Money and

Banking 10/6/5U Luncheon honoring Secretary of the Treasury Humphrey.......... 10/l8/$k

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(Pag© U )

American Bankers Convention Atlantic City, M**J

national Saving* Bonds Conference Mayflower Hotel

Washington, B*C* ...............

Federal Reserve Bank of Dallas Dallas, Texas .****•*.*

M*T* Financial Writers1 Ass*n "Financial Follies of 19$**

Heir xork, i*«x • ************** • **

Westinghouse Electric Co. Mew xoric, N*X* **••*•*•t*********^.*'

Bond Club of New Tork New York, M#T* ******..**#*******ji,

First General Session **••••»»* 10A9/£1*

Bxtemp. remarks ~~ ^Savings Eds**** •What the Federal Mmrm means when speaking of pursuing policy of *active ease® in »eney market** 11/8/51*

Joint meeting of Dallas Board and branches *****•,*,*•.•*****••* 11/12/5I*

Bill Knox's pre Christmas luncheon **•*•***••••**•*.*•*•**** 12/10/53

Extemp* remarks mm ̂ Influence of the Federal Reserve mi business and the future growth of the economy* ..........t>............. 12/15/5**

Berry Schools Atlanta* Georgia ***************** Trustees Meeting .............. 10/22-2U/51

B*C* Bankers fQwm Georgetown University

Washington, D.C* ............... Off~the**record *** *0nrreni Monetary and Credit Policies*** 10/29/51*

national Industrial Conference Bd* Absecon, K*J, ••*•*•**•*******•**• Off-the-record discussion **

5?th YmA Conference ********** ll/5~&*7/$*

Annual Dinner Show *************** 11/19/51*

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i2££ U# ->• News & World Report

(Darld Laurence) Washlngtonf D#C* • •••- Interview ~~*Don*t be Afraid

of Prosperity" •........•.*.....•• 1/10/55

Federal Reserve Bank of N»I» New York, H#T# ,**,»»••»*,..•»••*• Meeting & lunch with Mr. Sproul «. 1A3/55

ALFALFA CLUB Washington, D*C, l*2nd Annual Dinner •••.......••... 1/22/55

Society of Business Kagasine Editors Washington, D*C% #########.».*». Extemp. remarks «,••*••«••»*,»»«•• 1/27/55

FAC DINNER M r . Mar t in ' s home; for Council & Board M e m b e r s , & Mr .R ie f l e r . . . 2 /14 /55

Federal Heme Loan Bank Presidents Statler Hotel

Washington, D#C* Dinner • • • • . . . . . . . . . . . • . • . • • • 2/21/55

The Berry Schools Rosae, Georgia . , Trustees Meeting . . • • . . . • . . . • . • • . • 3/5/55

Business Advisory Council Department of Commerce

Washington, D#C# # # # #« Extemp# remarks . . . . . . . . . . . . . . . . ,» f 3A?/55

Monetary Conference Arden House

New York, N#Y* , 1955 Consumer Credit Management Program —• Extemp* remarks Mone­tary Policy" . . • . . . . . • • • . . • . • 3A8/55

National Advertising Council Hot Springs, Virginia • ..., Extemp# remarks ................... 3/21/55

Industrial College • •< of the Armed Forces Ft. McNair Washington, D#C.

Extemp# remarks —* ^Indirect Controlsi Monetary & Fiscal Operations of the Federal Reserve System* • . . . . • . . . . . • • • • * * • • • . • • • * • • 3 M / 5 5

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Independent Bankers Aes*n Willard Hotel

Washington, D.C. • . . » » • . . . » * • • • , Extemp, remarks 3/25/55

Marine Midland Corporation The Links Club New Tork, N.T. •*•«*....«»*•»•*• Extemp# remarks lj/7/55

American Society of Newspaper Editors Statler Hotel Washington, D#C. ••..•.........•. Extent* remarks * "Basic principles

of our economic machinery and of the present competitive enterprise system* ....•..••.•.••....••....... U/23/55

Chamber of Cceimerce of the U.S. Sheraton-Park Hotel Washington, D.C. •.•......., Ii3rd Annual Meeting dinner

Extemp. remarks .*.,»•*..., 5A/55

Farmers Bank of the State of Delaware Wilmington, Dslaware « Annual Dinner .«»*•...•••*••*»*».»*. S/ll/^S

Federal Reserve Bank of Birmingham Birmingham, Alabama Joint mtg. of Atlanta Bank

and Branches ...*.••«..*•«••..»»*••. 5A3/55

Committee for Economic Dsvelopment Shoreham Hotel Washington, D.C. *..*............ Extemp. remarks re "Current

Policy Issues* ..»....*».•« 5A9/55

Mutual Investment Trust Co. New Tork, N.T. ....<

(noon) Extemp. remarks •.•••..••..«*»*.•,•, 5/25/55

Columbia Seminar New Toric, N.T.

(evening) Extemp. remarks ..*••..,...,*.«*•*•• 5/25/55

New Tork Life Insurance Co# New Tork, N.T. #. ••*•••••••.. Extemp. remarks 5/26/55

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12£ Joint wtg. of Boards of Cleveland

Bank and Branches ^/«/ce' Cleveland, Ohio • . . . . Joint »Ag. of Boards o/?/55

Berry Schools thu/tt Atlanta, Georgia. Trustees meeting O/IO/P?

Berry School* . /fi ,*/£,» Atlanta, Georgia Mtg. with Dr. Lambert et al 7/8-9-10/55

Federal Reserve Bank Denver, Colorado Joint »tg. of the Boards 1/16/SS

Investment Bankers Bilt-more Hotel

fav York, na. Extemp. remarks • . • • . • • • • • • . •* 7/22/55

Arden House Hpw Tork, N#Ye . . . • • • . . • . . . • . • . . . . Extemp, remarks re Consumer

Credit & Central Bkg. Policy ...... 7/29/55

Berry Schools Atlanta, Georgia • • • . . . • • . • • . • • • • . v i s i t ............................ 8A6-20/55

Berry Schools Atlanta, Georgia ................. Address - Faculty Convocation ••*•• 9/2/55

Annual Mtg# IBRD • IMf Istanbul, Turkey . . . • • . . • . • • . . . . . . Tenth Annual Mtg* ................ 9/l2~l6/55

Federal Reserve Bank of N*T« Hew York, N#Y# ••*•.••**•*••••• . . lunch silth Mr• Sproul • • • ,* . •* . . • • 10A9/55

New Tork (Jroup Investment Bankers Ass'n

Waldorf Astoria Hotel Annual Meeting - "Economic New Tork, H.T. *............. Affairs* • . . • • • . • • . . • • • . • • • . . . . . . . 10/19/55

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FEDERAL RESERVE BOARD (Page 15)

Business Advisory Council Discussion on overall economic Hot Springs, Virginia situation 10/22/55

Berry Schools, Atlanta, Georgia Trustees ' Meeting 10/29/55

Brokers Seminar The Washington Post Washington, D. C Extemporaneous remarks re

credit situation in the U.S . - -comments on Bank fc Fund Meeting in Istanbul. 11 /3 /55

Building Products Exec.Conf. Chamber of Commerce Bldg. Washington, D. C Extemporaneous r e m a r k s - -

"Riding Herd on Credit** 11 /4 /55

Washington Forum for Bank Exec. .Georgetown Univ. Unable to attend Forum--went Washington, D. C to reception 11/4 /55

Nat'l. Industrial Conf.Bd. Off-the-record discuss ion- -Absecon, N. J 58th TAMA Conference l l / l 1-13/55

Federal Reserve Bank of N. Y. New York City Mtg. of FOMC Special Cte 11/17/55

New York Financial Writers' A s s n . , New York City "Financial Fol l ies of 1955" 11/18/55

Berry Schools . V i s i t . . . 11/25-26/55 Chairmen's Dinner Alibi Club (and Gov. Balderston) 11/30/55 Chairmen's Conference Extemporaneous remarks 1 2 / l / 5 §

D . C .

Murray Shields Forum Dinner--extemporaneous remarks 12 /6 /53 New York City

The Yale Club Informal talk ( p . m . ) 12/14/55 New York City

Westinghouse Electric Co Bill Knox pre-Christmas luncheon, 12/15/55 New York City

The Bond Club of New York. . . Informal remarks New York City

12/16/55

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FEDERAL RESERVE BOARD (Page 16)

Rand McNally 100th Anniversary. . .Andrew McNally III 1/5/56

celebration dinner, Palmer House

Rand McNally HChicago Assembly"* Summary of remarks* . • 1/6/56

Chicago Federal Reserve Bank .. . .Visit with President Young and Chairman Coleman 1/6/56

New School for Social Research. • . .Bus iness round table luncheon 66 West 12th Street Extemporaneous remarks New York, New York Topic: New Horizons in Money 1/12/56

American Securities Corporation Meeting with Robert Craft (at New York City Craft's request). 1/12/56

Business Week, New York City Meeting with Elliott Bel l 1 /13/56

Federal Reserve Bank of Luncheon with President Sproul New York, New York and Chairman Crane. l / l 3/56

Wail Street Journal, New York >. . Meeting with W.H. Grimes , Editor. . . 1 /16 /56

Beekman-Downtown Hospital. . . Annual Meeting (luncheon) New York, New York Lawyers' Club, 115 Broadway

Extemporaneous remarks 1/16/56

The Penn Club, Reception and buffet dinner; Philadelphia, Pennsylvania Extemporaneous remarks 1/20/56

Alfalfa Club, 43rd Annual Dinner 1/21/56 Washington, D. C.

Federal Reserve Bank of Dal las . . . . Directors1 meeting . . • . 2 /9 /56

Texas A k M College Executive Development C o u r s e -extemporaneous remarks. Topic: American Business Today 2 /10 /56

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FEDERAL RESERVE BOARD (Page 17)

Marietta College, Founders1 Day Celebration. • • • 2 /14 /56 Marietta, Ohio Recipient of honorary degree

Directors1 Day Opening remarks (extemporaneous) 2 /17/56 Board

Joint Meeting, Boards . . . Extemporaneous remarks on 2 / 2 3 - 2 / 2 4 / 5 6 of Directors , San Federal Reserve Monetary and Francisco fc branches Credit Pol icy at Los Angeles

Meeting with Dr. John . . . Re Berry Schools 2 / 2 5 - 2 / 2 6 / 5 6 R. Bertrand, University of Nevada, Reno

The Yale Club of Washington,D. C Annual Dinner, Congressional Room,

Statler Hotel. Ten-minute off-the-cuff talk 3 /8 /56

Atlanta, Georgia and The Berry Schools. . Visit with John Sibley, and the Schools 3 / 9 - 3 / 1 1 / 5 6

Arden House Monetary Conference New York . . • • Commentator: Sess ion VI*-How Might

Monetary Management be Made More Effective? ( P . M . sess ion 3-23-56) 3 / 2 2 - 3 / 2 3 / 5 6

Chamber of Commerce Rome and Floyd County Georgia Annual Meeting (dinner). 30-minute

extemporaneous talk on some aspect of monetary policy* Shorter College Gymnasium- . . . • 4 / 5 / 5 6

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(Page 18) FEDERAL RESERVE BOARD

Berry Schools . . . . Visit , with Dr. and Mrs . Bertrand 4 / 5 - 4 / 6 / 5 6

Berry College. Banking and Finance Course, Department

of Business Administration (Ralph Farmer) . Subject: Credit Control in the United States . (off-the-cuff) 4 / 6 / 5 6

Berry Alumni Club Savannah,Ga. . . . Dinner Meeting, Hotel De Sota. Presentation

of special award to outstanding c i t i zen- -Mr. Herschel V. Jenkins. Extemporaneous remarks 4 / 7 / 5 6

Examiners' Conference, Board Opening extemporaneous remarks . . • • • 4 / 9 / 5 6

IMF and IBRD trainees, Board Extemporaneous welcoming remarks (visit to

Board of representatives of foreign govern­ments in Washington attending 6 months9

training course at Bank and Fund* 4 / 2 6 / 5 6

Pennsylvania Bankers Assoc . . . .Convention . Atlantic City, New Jersey .

Morning Sess ion, 'Credit and Fisca l Pol ic ies for Prosperity". Prepared talk 5 /4 /56

U. of South Carolina, Columbia Department of Economics . Off-the-cuff

lecture - - "Credit Policy and the Business Trend" 5 /7 /56

Annual Dinner, Farmers Bank of State of Delaware. . Wilmington, Delaware. Extemporaneous remarks .5 /9 /56

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FEDERAL RESERVE BOARD (Page 19)

Annual banquet, physicians, D .C . Kennedy Warren, 6:30* Extemporaneous

general remarks. (Invitation extended by Dr. George J. Stuart, Yale c lassmate) . 5 /10/56

Georgetown Forum, D.C

The Berry Schools

For Investment Bankers, Georgetown University. Introduction of dinner speaker, A.W. Trinder, Manager, Union Discount Company, London 5 /11 /56

(Luncheon with Walter Mitchell and Malcolm Bryan, Atlanta) , . 5 /18 /56

Meeting of Board of Trustees 5 /19 /56 Alumni Banquet-extemporaneous remarks 5 /19 /56 (Baccalaureate sermon- -The Reverend G.

Lloyd Brown) . . . . . . 5 /20 /56 Commencement Address * extemporaneous . . . . 5 /21 /56

F .R . Bank of New York • • Dinner for retiring President, Allan Sproul,

and his successor , Alfred Hayes, The Links Club, 7 p . m . - extemporaneous remarks . • . 5/21/56

White House Correspondents Dinner • . Sheraton-Park Hotel, D . C . Guest of Monroe

(Bud) Karmin, Wall Street Journal 5 /24/56

Washington University St. Louis, Mo. . . . . .Honorary degree of Doctor of Laws 6/6/56

Trinity College, Hartford, Conn.. Honorary degree of Doctor of Laws 6 /10 /56

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FEDERAL RESERVE BOARD (Page 20)

New York and Boston, New York:

Meeting with officials. West Side Savings Bank (John Carpenter, President) , Downtown Athletic Club • . . • • «

Luncheon discussion (Recess Club) of current bank merger bill with representa­tives Chamber of Commerce

6/16/56

6/18/56

Boston: Dinner, home of Lloyd Brace , for Boston

directors . President Erickson, F irs t Vice President Neai, and Caesar Pruyne, 6:15. . „ 6 /18 /56

Meeting, Boston directors , Boston Bank building, 11 a. m # # 6 /19 /56

Luncheon with directors . . « . . . • 6 /19 /56

Denver .Joint Meeting, boards of directors , Federal Reserve Bank of Kansas City and Its Denver branch, at Denver 7 /21/56

(John Evans annual dinner--Central City) 7 /21 /56

Berry Schools

D,C,

Labor Day convocation

TIME COVER and feature story

9/1-9/3/56

9/10/56

Briefing Conference on Securities Laws and Regula­tions, sponsored by the Federal Bar Association and Bureau of National Affairs. Luncheon meeting, 1 p . m . , Sheraton-Park Hotel. Extemporaneous address . # 9/13/56

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FEDERAL RESERVE BOARD (Page 21)

American Viscose Corp. ,

Poconos . . . . . . Dinner meeting (concluding three-day meeting) Extemporaneous address 9/20/56

Joint Meeting, IBRD fc IMF,

D. C Eleventh Annual Meeting, Sheraton-Park 9 /24 /56

New York Federal Reserve Bank of New York 9 /29 /56 . . . . . . National Home Builders Associat ion, Biltrnore

Hotel 9/29 Dinner, John Rockefeller III and Mrs . Rockefeller

for Japanese Minister of Finance Ichimada (Mr. and Mrs . Martin) 9/30

Industrial College of the Armed Forces

JLr . V«# . . . . . . Extemporaneous lecture, MMonetary and Fisca l Operations of the Federal Reserve Sys tem." 10:30 a . m . , Fort McNair. Accompanied by Ralph Young 10/2 /56

FR Bank of Chicago . Meeting, boards of directors . Federal Reserve

Bank of Chicago and Detroit Branch, II a. m. . . . 10 /4 /56 Dinner for Carl Allen, new President at Chicago,

Chicago District , Illinois Bankers Association , 6:30 p . m . , Chicago Club. Extemporaneous remarks • 10/4

Japanese industrialists

LJ. w . . . . . Meeting with Board. Welcoming remarks , 11 a .m. . JO/12/56

NADA, D .C. Luncheon, executive committee (NADA building), 12:30 p . m . Invitation of Admiral Bel l . Off-the-record, off-the-cuff remarks 10/12/56

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FEDERAL RESERVE BOARD (Page 22)

Bradley Hills Presbyterian Church. . Cornerstone laying ceremonies , 4 p . m .

Extemporaneous address 10/14/56

Expor t -Impor t Bank Lunch for Advisory Board, 12:45 p . m . ,

Army Navy Club. Extemporaneous remarks JO/15/56

New York Elliott Bell; BUI Kleite 10/17/56

Luncheon, Editors1 group (invitation extended through Al Clarke, Wall Street Journal) 44 Broad Street, Third Floor , 12:45 p . m . Extemporaneous remarks 10/17/56

Federal Reserve Bank of New York, p . m . 10/17/56

Sailed on Queen Mary - 4 a. m . , Mr. and Mrs . Martin; Mr. and Mrs .Rief ler 10/18/56

EUROPE. Visit with central bankers - London, Frankfurt, and P a r i s . Accompanied by Mr. Riefier 10 /23 -11 /2 /56

New York CED - off-the-record trustees meeting (luncheon); invitation through Fraaar Wilde. Ambassador Hotel. Extemporaneous remarks 11/14/56

FRB of New York Meeting with John Bierwirth, 9:30 a. m 11/15/56 Meeting with Jay Crane . . 1 l / l 5 / 5 6 Luncheon - FRB of New York 11/15/56 Meeting, board of directors , FRB of New York. . . 11 /15/56

Meeting with Walter G. Dunning ton, 10 a. m 11/16/56 Luncheon with George Whitney and Henry

Alexander, J. P.Morgan Co. 1 p . m . l l / l 6 / 5 6 Financial Fol l i es of 1956; annual dinner of N. Y.

Financial Writers Association; invitation through President Frank William Reed; Sheraton -As tor, 7:30 p. m 11/16/56

Berry Schools Visit (accompanied by Mr. Shepardson) 11 /23-25/56 Me e tine. Board of Trustees 11/24/56

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FEDERAL RESERVE BOARD (Page 23)

Chairmen's Dinner • Alibi Club (and Balderston, Mills , Shepards on) . *12/4/56

Chairmen's Conference

D. C . Extemporaneous remarks, opening sess ion 12 /5 /56

Cobbold Dinner . . . . . . . Martins* dinner for Governor Cobbold and

Lady Hermione; Martin home, 8 p . m . black tie. (Guests: British Ambassador and Lady Caccia; Secretary of Commerce and Mrs. Weeksi Under Secretary of the Treasury and Mrs. Burgess; Balderstons; Mills; Robertsons, Shepards cms; Lord and Lady Harcourt 12/10/56

Yale Club of New York . . , Address, off-the-cuff, off-the-record, followed

by question and answer period. 7:30 p m 12/12/56

Federal Reserve Bank of New York . Visit , a. m., 12/13/56

Westinghouse Electric , New York . . . . . Bil l Kno* pre-Christmas luncheon, 12:45 12/13/56

Air Force Management Program D. C. Top management of Air Force , headed by

Lt. General Manuel J Asensio . 45-minute off-the-cuff talk, followed by question and answer period, 10:30 a m. The Pentagon. Luncheon at 12 noon • . . . . . . 12/19/56

New York Luncheon and board meeting, New York Federal Reserve Bank . . . . . 12/20/56

Board members dinner, National Industrial Conference Board, 6:30 p . m . Waldorf* Astoria. Extemporaneous remarks 12/20/56

1957

Berry Schools . Chapel service (in connection with Founder's Day) 1/12/57

Founder's Day 1/13/57

Alfalfa Club, D. C Forty fourth Annual Dinner . 1/19/57

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FEDERAL, RESERVE BOARD (Pace 24) mm+mm**mmmm*m*mn mi i i u i mm IHIIII i MIMJ mum • wmtiv mtmmmm«—»—— \ O /

New York Association of American Soap and Glycerine Producers , luncheon sess ion , 12:30 p . m . Waldorf-Astoria. Extemporaneous remarks on "Money Pol icy. " 1/24/57

Federal Reserve Bank of New York, p . m . . . . . . l / 2 4

Meeting with Executive Committee, Investment Bankers Association, a. m l / 2 5

Luncheon, Retail Dry Goods Association l / 2 5

Natl. Assn . of Manufacturers,

D.C Meeting, board of d irectors . Off-the-cuff, off-the-record address . 1 1 a . m . , Presidential Room, Hotel Statler,

( invitation through Sinclair Weeks) 1/29/57

Luncheon with above group, 12:30 (Attorney General Brownell , speaker) l / 2 9

Reception, to meet new President, Ernest G. Swigert, 5:30-7:30, Statler l / 2 9

Export-Import Bank , . , . Advisory Committee. Luncheon 1/31/57

Washington Underwriters James M. Johnston, Cf | | irman. Dinner, 7 p . m . ,

Metropolitan Club, Extemporaneous remarks . . 1/31/57

National P r e s s Club . . Inauguration of new President, Ben Grant,

and other officers, p . m . (Note: Bill V a m , A. P. , "host" to Mr. and Mrs . Martin) . . . . . . 2 / 2 /57

Life Editors Luncheon, New York City. Invitation through George Bookman • . • 2 /6 /57

Chas. F.Kettering Luncheon . . . . . . . . . (General Motors). Group of about 100 retired

businessmen. Off-the-cuff remarks . Fort Lauderdale, Florida. 2 /8 /57

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FEDERAL RESERVE BOARD (Page 25)

Fort Worth and

Dallas Fort Worth, p. m . , off -the-cuff talk . . . 2 /13 /57

Dallas: Board meeting, FR Bank, a. m 2 / l 4 Luncheon for directors , off-the-cuff remarks . . . . . . . 2 /14 Dinner - bank and business executives. Off-the-

cuff remarks • 2/14

Southern Methodist University: Business School: a . m . program (with Bob Irons) . . . . 2/15 Luncheon and p . m . ses s ion . Extemporaneous

remarks • 2 / l 5 Town and Country Business Association, p . m .

off-the-cuff remarks • 2/15

Des Moines P r e s s conference, 50 farm representatives , 4 -5 p. m. , Fort Des Moines Hotel 2 /16 /57

Television appearance, extemporaneous (5 minutes) 5 p. m 2/16

19th National Farm Institute: Reception, Des Moines Club, 5:30 p . m 2 / l 6

Dinner speaker, Hotel Fort Des Moines. Extemporaneous remarks on MMoney and the Farmer . H (Summary prepared for press ) 2/16

Reception - home of Harold Brenton - off-the-cuff remarks # • • . . . . . . . • 2 / l 6

Directors' Day D . C . (Fourth) Extemporaneous opening remarks . . . 2 /20 /57

Berry Schools . . . . Board of Trustees meeting • • . . . o . 2 /23 /57

General Telephone Service Corp.

Bronxville Merchandising Seminar, 11 a . m . sess ion and luncheon. Extemporaneous remarks 2 /25 /57

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FEDERAL RESERVE BOARD (Page 26)

Conference of National

Organizations . . . ."Financing our Economic Growth. M Atlantic City, New Jersey . p . m . sess ion-- M Our Changing Financial Structure*1 --off-the-cuff address 3 /4 /57

Central Banking Seminar New York Federal Reserve Bank. Off-the-cuff

talk, luncheon meeting • 3 /12 /57

Economic Club of New York. . . . . Golden Anniversary Dinner, Sheraton-As tor.

Prepared text: Our American Economy: Strength of the Republic • 3 /12 /57

National P r e s s Club Reception and luncheon, invitation of

President Ben Grant. Off-the-cuff talk and question and answer period • •« 3 /15 /57

Monetary Conference Arden House ABA and Columbia University. 3 / 2 7 - 2 9 / 5 7

P . M . Session* panelist on MMember Bank Reserve Requirements ." 20-minute off-the-cuff presentation 3 28/57

Friendly Dinner . . . With staff members , Washington Post and Times D. C. Herald, home of Alfred Friendly, 8 p. m 4 /10 /57

Federal Home Loan Bank of Greensboro

North Carolina . . . Twenty-Fourth Annual Meeting of Stockholders, King Cotton Hotel, p . m . se s s ion . Off-the-cuff talk on "Money Pol icy. " • 4/12/57

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FEDERAL, RESERVE BOARD (Page 27)

University of Pennsylvania Philadelphia. Convocation of the University

Council marking the 75th Anniversary of the Founding of the Wharton School of Finance and Commerce . Convocation address (prepared text). Awarded honorary degree of Doctor of Laws 4 /26 /57

A. fc H. Kroeger Dinner Forum

D.C Off-the-record meeting of leading industrialists . Guest of honor with Vice President Nixon. Off-the-cuff remarks 5 / 7 / 5 7

Alpha Kappa P s i . . Annual Founders Day Dinner-Dance, George Washington University's Beta Mu Chapter. Terrace Room, Arling Towers , Virginia. Awarded honorary membership in fraternity; off-the-cuff remarks 5 /9 /57

Business Advisory Council

Hot Springs . . . . Off-the-cuff remarks, a . m . se s s ion . . . 5 /11 /57

Annual Dinner, Farmers Bank of the State of

Delaware 150th Anniversary dinner, Wilmington Club, Wilmington. Invitation through Bill Pa ton. Off-the-cuff remarks • 5 /15 /57

Mississippi Bankers Convention Biloxi, Hotel Buena Vista. Off-the-cuff

address , a. m. ses s ion • 5 /21 /57

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FEDERAL RESERVE BOARD (Page

Berry Schools Annual Meeting, Board of Trustees 5 /25 /57 Alumni Banquet 5/25 Baccalaureate sermon--The Reverend

Harry A. Fifield 5/26 Commencement Address - -Commiss ioner

of Education Dr. L. G. Derthick 5/27

BIS Basle 27th Annual General Meeting, Bank for

International Settlements 6 / 3 / 5 7

(Accompanied by Mr. Riefler and Mrs, Martin--Basle to Le Havre by car, June 4 - 7 )

D . C . Bankers Convention. White Sulphur Springs, a. m. sess ion ,

off-the-cuff address on "Money Policy11. . 6 /15 /57

Research Training Institute 5 weeks' research program sponsored by

Social Science Research Council and conducted by the Board of Governors* Board's building. Extemporaneous opening remarks, 11 a . m . .6 /24 /57

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FEDERAL RESERVE BOARD (page 29)

New York City . . , Discussion of general credit situation with following gentlemen; the Links Club, 5-7, p . m . :

Isaac B. Granger, President, Chemical Corn Exchange Bank (host);

Howard C. Sheperd, Chairman of the Board, The First National City Bank;

Richard H. West, President, Irving Trust Co.; Wi l l iamS. Gray, Chairman of the Board,

The Hanover Bank; John J. McCloy, Chairman, Board of Directors ,

The Chase Manhattan Bank; George Champion, President, The Chase

Manhattan Bank; Horace C. Flanigan, Chairman, Board of

Directors , Manufacturers Trust Company; Alan H. Temple, Executive Vice President,

The First National City Bank; and Alfred H. Hayes, President, Federal Reserve

Bank of New York 7 /3 /57

Denver Joint meeting of directors , Federal Reserve Bank of Kansas City and Denver Branch, at Denver. Meeting and luncheon--extemporaneous remarks 7 / l 3/57

John Evans dinner and opera , Central City 7/13 (Governor Shepardson accompanied Mr. Martin)

Pot and Kettle Club, Maine Luncheon* Invitation through Thomas B. McCabe.

Off-the-cuff remarks 8 /22 /57

Cuaderno Dinner New York City. • . .Bankers Association of the Philippines for

Miguel Cuaderno, S r . , Governor, Central Bank of the Philippines (and Chairman, International Bank and Fund and International Finance Corpora­tion). Waldorf Astoria. Off-the-cuff address . . . 9 /16 /57

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FEDERAL RESERVE BOARD (Page 30)

Joint Meeting, IBRD, IMF,

IFC Twelfth Annual Meeting, Sheraton Park Hotel, Washington, D. C 9 /23-27 /57

Panel discussion: Current Problems of Monetary and Fisca l Pol icy. Participants: Mr. Martin; Sir Dennis Robertson, Cambridge University; Mr. H. V. R. Iengar, Governor of the Reserve Bank of India; and Mr. Juan Pardo, Finance Minister of Peru. 3:30 p . m . , Sheraton Park Hotel 9 /25 /57

Fort Worth Annual Me eting, Texas Mid-Continent Oil fc Gas Association, Hotel Texas . Prepared address: "Our American Dollar, " 1 1 a . m . 10 /2 /57

Luncheon, Fort Worth Clearing House Association. Off-the-cuff-remarks 10/2 /57

Berry Schools, Meeting, Board of Trustees 10 /5 /57

.Dedication of Sarah Hamilton Fleischmann Addition to Memorial Library. Prepared dedicatory address 10/6 /57

Calvin Bullock Forum New York City. Off-the-cuff address on MOur

Economic Heritage11 10 /9 /57

American Finance Conference . . Annual Convention, Statler Hotel, Washington, D. C.

Off-the-cuff address , luncheon meeting, 12:15 11/6/57

Harold Helm Dinner . . For Richard R. Deupree and Howard Morgens.

Links Club, New York City, 7:30 p . m . Off-the-cuff remarks 11/6/57

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FEDERAL RESERVE BOARP (Page 31)

60th YAMA Conference

Absecon . . . National Industrial Conference Board off-the record discussions 11 /8-10 /57

New York Financial Writers

Association . . "Financial Fol l ies of 1957H. Sheraton-Astor, New York City. Invitation through President Raymond L. Hoadley l l / l 5 / 5 7

Cincinnati . . . Visit to Branch, p. m 11/16/57

. . . . The Commercial Club of Cincinnati. Dinner meeting, Queen City Club. Off-the-cuff address on "Our American Dollar. M + . . .* . . 11/16/57

>r . • -Alibi Club; Council and Board Members, and Under Chairmen's DtanVr^Xlffif % u f f £ S ^6^' Sal'dVrVtoiJ \ \ \ \ \ \ \ \ \ \ \ \ ' W ^

Chairmen's Conference . . D.C , 12/5 and 6/57

Extemporaneous opening remarks 12/5 /57

FAG Dinnei

Life Insurance Association of

America . . • New York City. Annual Meeting. Luncheon address , prepared, "Basic Research and Financial P r o c e s s e s . " Waldorf-Astoria 12/11/57

Westinghouse Electric , N .Y. . .Bi l l Knox pre-Christmas luncheon, 12:30 . . • . • • . . . 12/12/57

New York Hans Heinemann dinner for Sir Les l ie Munro, 7 p . m . , off-the-cuff remarks • . . • . 12/12/57

Luncheon with insurance execut ives ,Rooseve l t . . , . 12/13/57

Meeting with Secretary Mitchell and group, 5 p . m . , Waldorf -Astoria 12 /13/57

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FEDERAL RESERVE BOARD (Page 32)

Japanese Banking Specialists Auspices of International Cooperation Administra­

tion. Visit to the Board of Governors (after visits to San Francisco , Atlanta, Boston, and New York FRBanks). Welcoming remarks, 2:30 p. m 12/17/57

Business Advisory Council • • • • • • • . D . C . Department of Commerce. Off-the-cuff

remarks on "Credit Sutlation, H and luncheon 12/19/57

Richmond Dinner, officers and directors of FRBank of Richmond in honor of Bob Fleming and Dan Bel l , on completion of terms as Federal Advisory Council member, and director, respectively. Off-the-cuff remarks . Commonwealth Club 1/8/58

Meeting, board of directors , FRBank of Richmond, followed by lunch 1/9/58

Dinner, 91st Annual Meeting, Richmond Chamber of Commerce, 6:30 p . m . Hotel John Marshall. Prepared address 1/9/58

Wlstar Party, Philadelphia. . . . Honor of Alfred Will iams. Supper, 6:30, Federal

Reserve Bank of Philadelphia 1/10/58

Alfalfa Club, D.C Forty-fifth Annual Dinner 1/18/58

Savings Bonds Meeting Treasury. Off-the-record meeting of volunteer

community Savings Bonds campaign chairmen• Off-the-cuff remarks, 3:30 p . m 1/23/58

AND Sheraton-Carlton Hotel, 2:30 p . m 2 /6 /58

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FEDERAL RESERVE BOARD (Page 33)

Berry Schools . . . Meeting, Board of Trustees , 10 a . m 2 /15 /58

Assoc . Stock Exchange

Firms Dinner, Shoreham Hotel* Honored dais guest; Keith Funs ton, speaker • . . . 2 /17 /58

Director Day, Board Dinner for directors , Sheraton-Carlton, 6:30 . * 2 /19 /58

Meeting with board, 9:30 a . m . Extemporaneous welcoming remarks 2 /20 /58

New York Times Editors Luncheon. Invitation through Orvil Dryfoos,

President. New York City • 2 /25 /58

Georgetown University Seminar, School of Business Administration, to

discuss the short and iong*range objectives in entire University program. 10 a. m 3 /3 /58

The Inquirendo, D. C Off-the-record meeting group of professional men

to discuss current problems. Off-the-cuff remarks on monetary policy, followed by ques­tion and answer period. 8:15 p . m . , Lounge, Brookings Institution. Invitation through Kennedy Watkins 3 /12 /58

Stokes Guest Column Washington Evening Star . One of s er i e s of guest

columns during Stokes' i l lness . MThe Slump and Federal Spending. » 3 /19 /58

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FEDERAL RESERVE BOARD (Page 34)

Monetary Conference Arden House ABA and Columbia Univers i ty • 3 /26-27/58

(Visit, New York FRBank, a . m . ) 3/26

Panelist , p . m . , Session III, "How Can We Achieve Prosperity Without Infla­tion?" Off-the-cuff presentation 3/27

University of Virginia Char lo t t esv i l l e . Law c las s (taught by J a m e s

Sargent; off-the-cuff talk, 9 a. m „ 4 / 1 9 / 5 8

Georgetown Universi ty F o r u m for Investment B a n k e r s . 2 p . m . sess ion;

Off-the-cuff r e m a r k s , with Under S e c r e t a r y of the T r e a s u r y Bai rd , on mone ta ry and fiscal policy, followed by genera l d iscuss ion 5 /5 /58

Advert is ing Council Washington Conference, Hotel S ta t le r , D . C .

Panel on , fThe Domest ic Economy, ' 1 modera ted by Dr. Hauge; panel is t with Dr . Saulnier and S e c r e t a r y Anderson. 10-minute f off-the-cuff, o f f - the- record r e m a r k s , followed by question and answer per iod . 2:30 p . m 5 /6 /58

S. O. S. Club Breakfas t meeting of Republican Congre s smen . Invitation through Congre s sman Tom Cur t i s , of Mis sou r i . Off-the-cuff r e m a r k s . Capitol Hi l l Club, 8 a . m 5 /7 /58

F a r m e r s Bank of the State of Delaware . .Annual d inner , Wilmington Club, Wilmington.

Invitation through Bill Paton; off-the-cuff r e m a r k s 5 /7 /58

Business Advisory Council 25th Ann ive r sa ry Meeting, Hot Spr ings , Va„

Off-the-cuff r e m a r k s , p . m . se s s ion , F r i d a y , May 9 5 /8 -11 /58

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FEDERAL RESERVE BOARD (Page 35)

Proprietary-Association White Sulphur Springs, West Virginia. 77th

Annual Meeting. Invitation through JoelY. Lund. Off-the-cuff address on "The American Economy," a . m . sess ion 5 /14 /58

American Farm Bureau Federa­

tion D . C . Cff-the-record conference on monetary and fiscal pol ic ies . Off-the-cuff remarks (W ith Paul McCracken) at luncheon sess ion . Willard Hotel, 12:15 p . m 5 /15/58

Conference of Business

Economists . .

Berry Schools,

Yale University

Sheraton Park Hotel, D . C . Off-the-cuff talk on "Credit Policy in Recess ion ," dinner sess ion , 7 p. m. (with Julian Baird) 5 /22/58

Atlanta; lunch, meeting, and Sibley dinner for Jim Oates 5 /23 /58

Meeting, board of trustees , 10 a. m 5 /24 /58 Baccalaureate service 5/25 Commencement • • 5/26

Commencement, Awarded honorary degree of Doctor of Laws 6 /9 /58

Hartford Chamber of Commerce . Annual dinner meeting, Hartford, Connecticut.

7 p . m . Statier Hotel. Off-the-cuff talk on the "nation's economy. M Introduced by Senator Prescott Bush • 6/9/58

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FEDERAL RESERVE BOARD (Page 36)

Bowdoin College Brunswick, Maine. Commencement; awarded honorary

degree of Doctor of Laws. Off-the-cuff talk, on behalf of degree recipients, at dinner following ceremonies 6 /14 /58

Yale University. . . .Reunion, Class of 192a 6 /15 /58

Natl. Conf. on Keeping

America Strong Paul Stark. June 19 and 20 meeting, Hotel Statler.

Off-the-cuff remarks, luncheon 6 /20 /58 (Accompanied by Mr. Molony)

Denver Joint meeting of directors , Federal Reserve Bank of Kansas City and Denver Branch, 10 a . m . , followed by luncheon. Off-the-cuff remarks 7 /12/58

John Evans dinner and opera 7 /12/58 (Note: Mr. Martin accompanied by Mrs . Martin

and Governor Shepardson. Mr. and Mrs. Martin to Estes Park on Sunday, July 13, and to St. Louis on Monday and Tuesday, July 14 and 15.)

San Francisco . . Joint meeting of directors , Federal Reserve Bank of

San Francisco and its branches, 10 a . m . , followed by luncheon for directors and bankers. Off-the-cuff remarks . . 7 /31 /58

Bohemian Grove 1958 Summer Encampment with Harry Brawner 7 / 3 1 - 8 / 2 / 5 8

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FEDERAL RESERVE BOARD (Page 37)

Joint Meeting, IBRD, IMF,

IFC Thirteenth Annual Meeting, New Delhi India 10 /6 -10 /58

Note: After meeting Mr. Martin (and Mrs . Martin) visited other c i t ies in India, Thailand, Cambodia, Hong Kong, Japan, Manila through 11/9 /58

Treasury National Sales Conference . . . . Two-day conference of Savings Bonds

leaders , Sheraton-Park Hotel. Luncheon ses s ion (guest of honor) . 1 i / l l / 5 8

New York Financial Writers Assn . . . . Annual Dinner, Financial Fol l ies of 1958,"

Hotel As tor. Invitation through President, Robert G. Shortal 11/21/58

C h a i r m e n ' s D i n n e r . A l i b i C lub # # # # . # # # # # # # . # • . • • • • 1 2 / 3 / 5 8 Conference of

Chairmen D.C Two-day meeting • 12/4*5/58

Extemporaneous remarks to meeting, a .m. . 12 /5 /58

The Berry Schools Meeting, board of trustees , 10 a . m 12 /6 /58

Cobbold Dinner Martins1 dinner for Governor Cobbold and

Lady Hermione, Alibi Club, black tie. (Guests: Robertsons,Mil ls ,Shepardsons, Szymczak, Bairds , Saulniers, Tascas , Thoroids, Rieflers) 12 /9 /58

Chicago Appointment with Ned Brown, a . m 12/11/58 Luncheon with Members of Room One Hundred,

Chicago Club (brief, off-the-cuff remarks) 12/11 Joint meeting, boards of directors of Chicago and

Detroit, FRBank building, 3:30 p*m 12/11 Dinner with Chicago and Detroit board members;

Industrial Advisory Committee; Frank Lunding, Allan Kline, Hap Young, and Homer Livingston,

Chicago Club 12/11 Prepared address , luncheon meeting, Executives'

Club of Chicago, Hotel Sherman, 12 noon 12/12

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FEDERAL RESERVE BOARD (Page 38)

1959

Alfalfa Club, D . C . . . . . . . . . . F o r t y ~ s i x t h Annual Dinner t Statler Hotel.

(Quests: Baiderston, Robertson, Mills) 1/17/59

State of the Nation Dinner . . . Sheraton Park Hotel. Head table guest and

participant in question-answer portion of program. Silver quill awards to Speaker Rayburn and Former Speaker Martin . . . . . . . 1 /23/59

Baltimore Visit at Baltimore Branch, a. m 1/26/59

Luncheon meeting, Baltimore Association of Commerce, Emerson Hotel. Invitation through Charles Garland. Off-the-cuff remarks 1/26/59

FAC Dinner Alibi Club. Council ti Bd Mcmbs. , Baird fc Fleming 2 /16 /59 Director Day

Program Dinner, Sheraton Carlton, 6:30, Dr. Saulnier, Council of Economic Advi sers , speaker . 2 /19 /59

. . . . . Director Day, Board (Sixth); opening welcoming remarks 2 /20 /59

Savings Bonds Conference . . . . Tres sury Department, Sheraton-Park Hotel;

Off-the-cuff, 15 minute talk, luncheon sess ion , 12:30 p . m 2 /25 /59

S .E .Area Correspondent Bank Conference. . . . . Atlanta. Dinkier Plasa Hotel. Off-the-cuff,

30 minute address , dinner sess ion , 7 p . m 2 /26 /59

The Berry Schools . . . . . . . Visit , and meeting of board of trustees 2 /27*28/59

Karl Blessing Dinner . . . . . . . . Mr. Martin's stag dinner for President Bless ing

of the Deutsche Bundesbank, 7:30, Alibi Club, Black tie- (Guests: Baiderston, Mil ls ,Robertson, Shepardson, Young, Thomas, Mar get; Senator Robertson; Mr. Spence; Dr. Paariberg; Albert Robertson; Ray Gidney; J e s s e Wolcottj Charles Dewey; Mr. Tungeler; Eugene Black; Wilfried Guth , 3 /6 /59

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FEDERAL RESERVE BOARD (Page 39)

ABA Monetary Conference . . . . . London O 0 » O « O * « « O O » 0 O O O O O « O 9 0 * 0 0 0 0 0 0 0 0 0 • 5/5-8/59

P a n e l i s t : " E c o n o m i c , F i s c a l and Credi t Outlook in the United S t a t e s , " with Marcus Nadler and Julian B a i r d . 20 -minute o f f - the -cuff pre sen ta t ion , morning s e s s i o n ft O O Q O O O O Q O O O O 5 / 6 / 5 9

Meeting with Counci l on P r i c e s , Product iv i ty and I n c o m e s , R o m n e y H o u s e , London (Transcr ip t p r o v i d e d . ) Oooooo<,oooooooooooooo«. 5 / 6 / 5 9

(Note: F r o m May 9 - 24 , with M r s . Martin and the M a k i n s - - M a d r i d , S e v i l l e , Cordoba, and Granada, Spa in . )

Export - Import Bank 0 0 0 0 0 0 • . Luncheon with A d v i s o r y C o m m i t t e e ; off - the-cuff

r e m a r k s , 1 pG m . (at the Bank) . O *,««>o„„oooooooo. 6 / 8 / 5 9

Denver . # Joint meet ing of d i r e c t o r s , F e d e r a l R e s e r v e Bank of Kansas City and Denver branch, 10 a 0 m . , fo l lowed by luncheon. P r e p a r e d S L a l C m C u l o c o o o Q O O o o < o o o o « o o o o * o o * o a o « o o o o a o o o

John Evans dinner and opera , Central City o o » o o o

7 / 1 8 / 5 9

7 / 1 8 / 5 9

St. Louis c o A s s o c i a t i o n of Apartment House O w n e r s , Chase Hote l . Off-the-cuff r e m a r k s OO©.»OOOOOQOOOO«. 7 / 2 0 / 5 9

The B e r r y Schools • © o • o • o . . Meet ing , board of t r u s t e e s , in Atlanta o„o<>o»ooooo« 8 / 3 / 5 9

Washington P o s t and T i m e s Hera ld . 0 c • c c c • • Luncheon with Robert Ho Es tabrook and

s tatt . • o © o ( 0 0 0 « « 0 0 0 0 0 0 0 0 0 0 0 0 0 0 < 1 0 9 * 0 0 0 0 0 0 0 0 0 . . , 8/4/59

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FEDERAL RESERVE BOARD (Page 40)

Federal Reserve Bank of Cleveland P r e s s conference, at the Bank, 4 p. m. 9 /9 /59

Cleveland Bank dinner in honor of Mr. Martin; Union Club. Introduction by George Humphrey. Off-the-cuff remarks 9 /9 /59

Meeting of boards of directors of Cleveland with Cincinnati and Pittsburgh, a . m . . followed by lunch. 9 /10 /59

Joint Meeting, IBRDf IMF, and IFC 14th Annual Meeting IBRD and IMF;

3rd Annual Meeting IFC, Sheraton Park Hotel, Washington, D.C 9 / 2 8 - 1 0 / 2 / 5 9

Farm Credit Directors Banquet, Hotel Washington, D . C . 6:30 p . m .

Off-the-cuff, off-the record remarks . Invitation through R. B. Tootell, Governor of the Farm Credit Administration 10/14/59

South Pole Official observer, Navy's Operation Deep and Freeae 60; invitation through Ted Bacon,

Reserve Bank Deputy Assistant Secretary of the Army of New for Financial Management.

Zealand Left from Christchurch, New Zealand, for McMurdo Air Force Base , Antarctica, and flight over South Pole .

On return to Christchurch vis ited Reserve Bank of New Zealand at Wellington 10 /15 -11 /8 /59

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FEDERAL RESERVE BOARD (Page 41)

New York Committee for Economic Development, meeting of board of trustees convening at 9:30 a . m , f Sert Room, Waldorf--subject for discuss ion-* 'most vital new economic problems the U .S . must face* " Invitation to attend from Donald K. David, Chairman of CED . . . . 11 /19 /59

Bankers1 Trust Company luncheon of board of directors , advisory committee and senior officers; informal and off-the -record. Off-the-cuff "rambling observa­tions, " 1 2 noon. Invitation through E. F . Dunstan, Vice President 11/19/59

Financial Fol l i es of 1959; annual dinner of New T ork Financial Writers Association; invitation through President Arthur R. Guastella, 7:50 p. m . , Hotel Astor 11/20/59

Chairmen fs Dinner. . .Alibi Club (and Gov. Balderston k Mr. Riefler) . . . 12/2/59

Conference of Chairmen Washington. Off-the-cuff remarks , second

day's se s s ion , 12/4 12 /3 -4 /59

Westinghouse Electric New York. Bill Knox1 pre-Christmas

e t c . luncheon, 12:45 12/10/59

Appointment with Elliott Bel l , 9:45 a . m 12/11 Appointment with Philip Reed, 11 a . m 12/11 Luncheon with William Gray, 12:45 noon 12/11 Off-the-cuff remarks , Downtown B u s i n e s s ­

men's Associat ion, University Club--reception; and visit with real estate repre­sentatives - p . m . 12/11

Nominating committee, Investment Bankers Association, 8:15 a . m 12/12

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FEDERAL RESERVE BOARD 1960

(Page 42)

The Berry Schools . Visit , with Dr. Dr. Bert rand and Rome

businessmen, etc. 1 /8-10/60

Export* Import Bank Washington. Luncheon in honor of Jim Lee ,

new President. Investment Bankers A s s o c . , four or five top New York foreign invest­ment men; 5 senior partners from leading D . C . investment f i r m s - - i n effort of Bank to get interest of investment f irms in its deals abroad. Pmr Jacobsson speaker; Mr. Martin spoke off-the-cuff, 12:15 1/14/60

St. Timothy's School . . < Stevenson, Maryland. Accompanied Mexican

Ambassador Carril lo F l o r e s , who parti* cipated in Seminar on the United States' relationship with its neighbor, Mexico; 4:45 to 6:15 p. m 1/15/60

State of the Nation Dinner. Sheraton Park. Silver Quill award to

General James H. Doolittle. Invitation from Robert H. Harper, President, National Business Publications 1/21/60

The Alfalfa Club . . • Forty-seventh Annual Dinner, Stater,

7:30 p. m. Guests: Robertson, Mil ls , King 1/23/60

Riefler Dinner, Honoring Mr. and Mrs . Riefler (on his re t i re ­ment) - organised by Tom McCabe - off-the-cuff remarks . Shoreham Hotel 1/25/60

Savings Bonds Conference . Treasury, briefing meeting for industrialist

chairmen, 50 state volunteer chairmen, and some Share- in-America chairmen; luncheon sess ion , 12:30 p . m . , Paliadian Room, Shore-ham, Secretary Anderson presiding; off-the-cuff remarks • 1/26/60

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FEDERAL RESERVE BOARD (Page 43)

Business Week Magazine Cover, and feature story (by Rossant ) - -

M Martin, the Money Man, Heads Into a Fight . , f , • 1 /30/60

New York Visit with John A. Coleman (Adler, Coleman, and Co.) and lunch with John M. Schiff • . . . • . 2 / 5 / 6 0

TAG Dinner . . . Alibi Club, Council fc Board members , Sherman, Baird and Fleming 2 /15 /60

Director Day Program . . . . . . . . Dinner for directors , Sheraton Carlton, 6:30;

speaker, Maurice Stans, Director of the Budget. . . 2 /17 /60

Director Day, Board (Seventh); opening welcoming remarks • . . . • • 2 /18 /60

American Institute of Banking Honor guest, Washington Chapter's 52nd Annual

Banquet; 6:30 p . m . , Sheraton Park, black tie. Invitation through Chapter President William C. Yowell, Jr 2 /20 /60

S.O.S.Club Breakfast group of Republican Congressman. 8 a . m . , Capitol Hill Clubf 214 F irs t S t . , S . E . Invitation through Congressmen Bruce Alger and Tom Curtis. Off-the-cuff remarks 2 /24 /60

Washington Star Luncheon with Editorial Staff (Ben McElway,

John Thompson, who extended the invitation, etc. , and tour of new plant at 225 Virginia Avenue, S . E . 1 p .m 2 /24 /60

Dean's Day, New York U 8th Annual, Graduate School of Business, New

York City. Luncheon and p. m. s e s s ion . Informal remarks (on program with Marcus Nadler) and question and answer program 2 /27 /60

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FEDERAL RESERVE BOARD (Page 44)

Savings Bond Luncheon . . Philadelphia, Benjamin Franklin Hotel. Preceded

by press conference 11 a . m . 1Z noon luncheon, off-the-cuff remarks. Invitation through Chair* man Allen J. Greenough (President, Pennsylvania Railroad) and Martin W. Clement 3/8/60

Clearing House Association. • . . Philadelphia. Informal meeting with Presidents

and Chairmen of the Philadelphia Clearing House Association banks, Union League Club, 2:30 p . m . Invitation through President Benjamin F . Sawin 3/8/60

U. S. Chamber of Commerce. . National Construction Industry Conference, D . C .

£30 p . m . sess ion; 20-minute off-the-cuff talk on "Federal Reserve Pol icy Related to Construc­tion, " Invitation through President Erwin D. Canham and James F . Steiner 3/10/60

System Bank Relations Conference . .Two-dary meeting, Washington, System Conference

on Bank Relations and Public Information. Opening, welcoming remarks , 9:30 a . m . . . • . • 3 /14 /60

Du Pont de Nemours Wilmington. Lunch with Executive and Finance

Committees . Invitation through Economist ira T. Ell is 3 /15 /60

Business International Washington Round table on "Government and Bus i ­

ness Pol ic ies Needed to Balance our international Accounts. Mayflower Hotel, 4:15 ses s ion . Invita­tion through Eldridge Haynes, President, Business International. (Mr, Marget a lso a p a r t i c i p a n t ) . . . . 3/16/60

The Berry Schools. . . Meeting, Board of Trustees , 1 0 a . m N 3/19/60

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FEDERAL RESERVE BOARD (Page 45)

ABA Monetary Conference Seventh Annual . Arden House • . . . 3 /23-25 /60

Vis i t with Ell iot t Bel l , Bus iness Week, New York City, 9:15 a, m 3/23

Opening se s s ion , Monetary Conference, 8 p . m . ~- off-the-cuff r e m a r k s on "The Status of Monetary Pol icy . Il On p r o g r a m with Governor Coombs of the Cent ra l Bank of Aus t ra l i a , and Humphrey Mynors , Deputy Governor , Bank of England 3/23

.Appointment (lunch) with Colin Campbel l (son of Compt ro l l e r Genera l Joseph Campbel l ) , Yale Club, New York City 3/24

FRBank Examination Conference Introductory, off-the-cuff remark*, confer*

ence of representatives of Bank Examination Departments of the Federal Reserve Banks (Room 1202, Board#s B u i l d i n g ) . . . . 3 /28 /60

Coombs D l n n € r Mr. Martin's stag dinner for Dr. Coombs,

Governor, Commonwealth Bank of Australia* 7 p . m . , Alibi Club, informal. (Quests: Balderston, Saymcftak, King, Marget; Jacobsson* Southard, Garner, Garland, J e s s e Wolcott, Waugh, Gidney, Albert Robertson, Joseph Campbell, Wailich, Paarlberg, VonKlemperer, Charles Dewey, (total of 19) 3 /30 /60

Sphex Club of

Lynchburg Annual meeting, banquet* Off-the-cuff remarks , followed by discuss ion period. Invitation through Mr. James R. Caskie • • • • • - 4 / 1 / 6 0

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FEDERAL RESERVE BOARD (page 46)

Minneapolis FRBank Board meeting, a. m~ 4 / 1 9 / 6 0

Savings Bonds luncheon (preceded by press conference, 8:30 a . m . ) ; 12:15 Bank's cafeteria. Off-the-cuff remarks 4 /19

Coyne Dinner Mr. Martin's stag dinner for J. E. Coyne,

Governor, Bank of Canada, Alibi Club, 7 p . m . , informal. Guests: Senator Robertson; Julian Baird; Graydon Upton; Steve Saulnier; Frank Southard; C. L. Read (Canadian Bank and Fund alternate); Ssymcasak, Robertson, Mil ls , Shepardson, Marget, Noyes, Knipe, and Moiony (total of 16) 4 / 2 1 / 6 0

Railroad and Utilities Commissioners . Great Lakes Conference; White Sulphur Springs,

Virginia. Invitation through George Hayes, Chairman of the Public Utilities Commission of Washington, D . C . a . m . sess ion , off-the-cuff remarks on "Some Aspects of Monetary Policy. " 4 /25 /60

Joint Civilian Orientation Conference . . Sponsored by Department of Defense. Invitation

through Secretary Thomas Gates; purpose of conf­erence to give approximately 75 civilian leaders from all parts of the country a first-hand view of the Armed Forces :

D - C . to Colorado Springs, via Defense p lane ,4 /26 /60 Colorado Springs to North American Air

Defense Command, a. m~ 4 /27 Offutt Air Force Base , Strategic Air

Command, Nebraska 4 /28 Fort Banning, Georgia, Infantry Center 4 /29 Langiey Air Force Base , Langiey, Va*,

Tactical Air Command • . • . 4 / 3 0 - 5 / 1 (Note: Returned to Washington from Langiey;

conference continued to the Naval Base at Norfolk, Marine Corps Air Station at Cherry Point, N , C , and the Pentagon, ending p . m . May 5.)

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FEDERAL RESERVE BOARD (Page 47)

Operation AUrt I960 One-day visit to Main Relocation Center . 5 / 4 / 6 0

Mutual Savings Bankers Luncheon, 40th Annual Meeting, Natl. Assoc ia ­

tion of Mutual Savings Banks, Terrace Room, Shoreham. 12:30 p . m . Invitation through Grover Ensley. Off-the-cuff remarks on "Monetary Pol icy Today. " "Summary" provided to A s s o c i a ­tion in advance 5 /10 /60

St. Louis FRBank . Dinner, informal, St. Louis Bank officers and

directors , Bogey Club, 6:30 p. m 5 /11 /60

Board meeting, St. Louis and branches, a . m . , off-the-cuff remarks > . . . 5/12

Followed by luncheon

Appointments with Chairman McBride and President Davidson of University of Louisvi l le , p. m 5/12

Farmers Bank Wilmington . . Annual Dinner, Wilmington Club, 6:30 . . . . . . . . 5 /18 /60

New York Federal Reserve Bank of New York, luncheon and meeting, board of directors 5 /19 /60

Appointments: Elliott Bel l , 9:30 a . m 5/19 William Gray, 3 p. m 5/19

National Industrial Conference Board, annual dinner, preceded by reception at 6. Waldorf-Astoria. Off-the-cuff remarks 5/19

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FEDERAL RESERVE BOARD (Page 48)

Mortgage Bankers Association Luncheon guest, with other Government officials

and Congressional committee staff members , of Board of Governors of Mortgage Bankers A s s o c i a ­tion (at time of their Spring meeting). She r a ton -Carlton, 12 noon 5 /23 /60

Commission on Money fe

Credit Committee for Economic Development, Dinner with Bertrand Fox and staff members of Commission. 6:30 p . m . , Harvard Club, New York City. Accom­panied by Mr. Knipe 5 /25 /60

Washington and Lee University Lexington, Virginia. Commencement exerc i s e s .

Awarded honorary degree of Doctor of Laws, 10:30 a . m . (Mrs, Martin and Cynthia attended) 6 /3 /60

The Berry Schools Meeting, board of trustees , 10 a. m 6 / 4 / 6 0

(Unable to attend Commence, Monday, June 6)

Hamilton College . . . . . . . . . Clinton, New York. Commencement e x e r c i s e s .

Awarded honorary degree of Doctor of Laws, 2:30 p. m. (Mrs. Martin attended) 6 /5 /60

Conference of National „ ^ Organisations ' • * Hotel Dennis, Atlantic City, Off-the-cuff address ,

dinner meeting, on "Statue of Monetary Pol icy in Relation to Budget and Other Aspects of Government. H Invitation through Allan Kline • • • • 6 /20 /60

Export-Import Bank Luncheon with Advisory Committee, 12:30 p. m . ,

at the Bank. Invited by Sam Waugh 6 /28 /60

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FEDERAL RESERVE BOARD ( P a g . 49)

Savings Bonds Program . • • . • Dinner, State Chairmen1 s Executive Committee,

Cabinet Room, Sheraton-Park Hotel, 7 p . m . Invitation through Julian Board* Off-the-cuff remarks 7 /7 /60

Denver Joint meeting, boards of directors , Federal Reserve Bank of Kansas City and Denver Branch. 10 a . m . followed by luncheon (statement for the press supplied by wire to Mr. Leedy) 7 /16/60

John Evans1 dinner and opera, Central City 7 /16/60

(Note: Governor Shepardson and Mr. and Mrs. Saulnier accompanied Mr. Martin)

Bar Harbor, Maine . . Off-the-cuff remarks to group interested in general

business conditions. Introduced by President Pusey of Harvard 7/20/60

(or 21 or 22?)

Annual Meeting, IBRD, IMF, and

IFC 15th Annual Meeting IBRD AND IMF; 4th Annual Meeting IFC, Sheraton Park Hotel, Washington 9 /26-30 /60

Yamagiwa Dinner Mr. and Mrs. Martin's dinner for Qovernor

Yamagiwa of the Bank of Japan. Martins9 home, 8 p . m . , informal. Quests: Takeshi Nakajima, Bank of Japan; Shiro Inoue, Representative Bank of Japan in New Tork; Balderstons; Mil ls , Kings; Robertsons; Shepardsons; Mr. Saymcsak; and Reed Irvines 9 /29 /60

The Berry Schools Meeting, Board of Trustees , 9 a . m . - 5 p . m . 10/7 /60

Mountain Day and Homecoming--brief talk at morning Joint Chapel 10 /8 /60

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FEDERAL RESERVE BOARD (Page 50)

Economists Seminar Board's Building (Room 1202). Economists of

Reserve Banks and Board, members of Board and staff, to d iscuss some of the i ssues in monetary theory and policy raised by the recent questions of the Commission on Monetary Pol icy of the Committee for Economic Develop* ment 10/10-11/60

Opening, welcoming statement (off-the-cuff), 9:30 a . m . 1 0 / 1 0 / 6 0

Chicago It Detroit Boards Joint meeting, in Detroit, and luncheon* Off-the-

cuff remarks 10/17/60

Automobile Manufacturers Association's dinner in honor of President Eisenhower (who addressed the

dinner). 6:45 p . m . , Cobo Hall 10/17/60

Boston FR Bank Annual Meeting of Stockholders

Informal dinner, Algonquin Club 10/19/60

Annual Meeting of Stockholders, 11 a . m . , followed by luncheon. Off-the-cuff remarks 10/20/60

Navy Trip Weekend trip (with Mr. Baird) to U.S.S. Valley Forge (350 mi les from Norfolk; 200 mi les from Bermuda). Also visited Destroyer Barton and Submarine Siraggo. (Rear Admiral J. E . Clark, Commander, Hunter Killer Force , U. S. Atlantic Fleet) 10/22-24/60

Dallas FRBank Informal dinner, Dallas directors , Federal Advisory

Member I . F . B e t t s , President Irons and Firs t Vice President Shuford 11/9 /60

Meeting of boards of directors , Dallas and branches, 10 a .m. , fo l l owed by lunch. Off-the-cuff remarks . . . . 11/10

Dinner, off-the-record, officers and directors , etc. Adolphus Hotel. Off-the-cuff address 1 l / lO

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FEDERAL RESERVE BOARD (Page 51)

Yama Conference 63rd, Absecon, New Jersey 11/11*12/60

FRBank of New York . . Lunch, and meeting of boards of directors 11/17/60

Lotos Club, NYCity 270th State Dinner, in honor of Eugene Black.

Off-the-cuff address 11/17/60

Columbia University Speaker and participant in seminar, graduate

faculties, Columbia University (Courtney C. Brown •. • • • . . . . 11/18 and 19/60

New York Financial Writers1

Association . . . . Annual Dinner, "Financial Fol l ies of I 9 6 0 . 1

Astor Hotel . • . 11 /18/60

Chairmen's Conference Two-day meeting, Board's building, including

luncheon and dinner 12 / l k 2/60 Martin dinner for Chairmen and Deputy Chairmen

(and Balderston and Sherman) 11/30 Off-the-cuff remarks, second-day's meeting 12 /2 /60

New York Visit with bankers and businessmen (including dinner with Allan Frear , 12/4} luncheon with Baxter Jackson, Brook Club, 12/5) 12 /4 -5 /60

ABA Dinner . • . . National and State Bank Divis ions, for Government officials. Wright Patrnan, speaker. Mayflower Hotel J 2 / 5 / 6 0

Johns Hopkins Faculty Club . • . Baltimore. Dinner and annual meeting. (Accom­

panied by Mrs . Martin) Visit at home of Milton Eisenhower; dinner; and off-the cuff remarks at annual meeting 12/10/60

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FEDERAL RESERVE BOARD (Page

Westing house Electric , e t c . . . Bill Knox annual pre-Christmaa luncheon 12/15/60

Visits with John S. Sinclair (11 a . m . ) and Jack Bierwirth (3:45 p . m . ) 12/15/60

1961

Wall Street Journal Luncheon with Vermont Royster, Jim Large, and

other staff members , 12:30 p . m . , 1015 14th St. • . 1/11/61

New York . . . • . Dinner, Advisory Board on International Bus iness , Chemical Bank New Y ork Trust Company. University Club, 7:30 p . m . Invitation through Baxter Jackson. Off-the-cuff remarks 1/11/61

New York Federal Reserve Bank 1/12 Visit with Phil Reed, Chairman Luncheon and attendance at meeting of Executive

Committee of board of directors

Alfalfa Club . . 48th Annual Dinner, Statler Hotel. (Guests: Mil ls , Robertson, Shepardson) 1/21/61

National Industrial Conference Board Reception and luncheon for President Kennedy.

Sheraton Park Hotel, D . C Dais guest 2 /13 /61

Sch. of Advanced Int. Studies Dinner in honor of Philip Thayer, retiring as Dean of

the School. Head table guest, with Mrs . Martin, and participant. Mayflower Hotel, 7 p . m . , black tie . . . 2 /17 /61

FAC Dinner « , Alibi Club. Council & Bd M e m b e r s and Sherman . « . 2 /20 /61

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FEDERAL RESERVE BOARD (Page 53)

White House Correspondents Dinner . • * for President Kennedy. Quest of Art Moore,

McGraw Hill. Sheraton-Park Hotel, 7:30 p . m . . . , . 2 /25 /61

The Berry Schools . . . . . . . . . . Meeting, board of trustees 3 /4 /61

Dinner for Cobb o ld . . . Martins' dinner for Govern or Cob bold and Lady

Hermione; Martin home, black tie, & p . m . Quests: Secretary of the Treasury and Mrs. Dillon; Mr. Heller, Chairman, Council of Economic Ad­v i sers ; Mr. and Mrs . Eugene Black, IBRD; Mr. and Mrs . Per Jacobsson, IMF; Mr. and Mrs . Joe Campbell, Comptroller Qeneral; Mr. and Mrs . Balder ston; and Mr. and Mrs . Pitblado, Fund 3 /6 /61

ABA Monetary Conference . . . . . . . Arden House. Sess ion II Panelist , with Governor

Coyne, a . m • • . 3 /9 /61

National Retail Federation New York City. Visit with representatives on

morning of 3 /10 , Biltmore Hotel; and with Execu­tive Committee on morning of 3 /11 , Bi l t imore. While in New York enroute home from Arden House 3 / 1 0 - 1 1 / 6 1

Republican Adminis tr ative Assistants .Informal discussion with group of administrative

assistants to Republican Congressman. Invitation extended by John T. Calkins, Executive Assistant to Representative Howard W. Robison. Room 241, Old House Office Building (office of Congressman Perkins Bass); 6 p . m . 3 /13 /61

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FEDERAL RESERVE BOARD (Page 5 ^

Governor Ansiaux visit Martin dinner, 8 p . m . , black tie, Martin home.

Governor Ansiaux; Mr. and Mrs, Peter Dominick, Congressman from Colorado; Under Secy of the Treasury and Mrs . Fowler; Mr* and Mrs . Lieftinck; Mr. and Mrs . de Largentaye; Mr. and Mrs . T. Graydon Upton, Inter* American Development Bank; Mr. and Mrs. Abbot Millst1 Count and Countess Caracciolo; and Mr. and Mrs . Killifer, Export-Import • 3 /16 /61

Board luncheon for Governor Ansiaux--Blue Room. The Belgium Ambassador; Mr. van Compenhout, IMF; Governors Mil ls , Saymcaak, Shepardeon, King and Martin 3 /17/61

"Director Dayi' Board's program for new directors Dinner, Sheraton-Carlton; Speaker: Under Secretary of the Treasury Roosa; 6:30 informal • • • • 3 /15 /61

Day-long program for new directors; closing, off-the-cuff remarks on "Role of Federal Reserve Directors" 3/16

Examiners1

Conference . • Representatives of FRBank Examination Depart­ments • 3 /20 -21 /61

Opening remarks, Room 1202, 9:30 a . m 3/20

New York Visit with Economic Forum, Biltmore Hotel 3 /20 /61

S. O.S. Club Group of Republican Congressman meeting at breakfast, Capitol Hill Club, 214 F ir s t S t . , S. E. Off - the -cuff remarks . Invitation extended by Congressman Jack Westland, Washington State. 8 a. m. . 3 /22/61

Women's P r e s s Club Luncheon Head table guest, at invitation of Al ice Moran.

Speaker: Chairman Heller of Council of Economic Advisers . 12:30 p . m . , Statler 3 /22/61

Dinner for Guindey. .Martins1 dinner for Mr. Guindey, General Manager, and Mr. Gilbert, Economic Ad­viser , Bank for international Settlements, Martin home. 7:30, informal. Guests: Mr. Roosa; Mr. and Mrs. Balderston; Mr. and Mrs . Marget; and Ralph Young 3 /22 /61

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FEDERAL RESERVE BOARD (Page 55)

Yale Club of Washington . ,

Chamber of Commerce Financial Industry Conf.

Annual Dinner. Awarded Yale Bowl for d i s -guished public serv ice . Award made by Eugene Black; Senator Bush, Toastmaster; Joe Fowler, speaker. 7:15 p . m . , Mayflower, black t ie . Accompanied by Mrs. Martin * 3 /23/61

Luncheon. Invitation through Jim Mo6ney, Jr . Off-the-cuff remarks . Statler Hotel, 1 p . m . (Messrs . Molony, Fauver, and Shay attended.). .3/30/61

Philadelphia. Guest of Henderson Supplee at dinner meeting of Sunday Breakfast Club. Overnight at Supplee home 4 / 5 / 6 1

Meeting, board of directors , Philadelphia FRBank, followed by luncheon. Off-the-cuff remarks . . • • • . . • . 4 / 6 / 6 1

Reserve City Bankers Association .. Annual Meeting, Boca Raton, Florida. Prepared

address , "Prosperity for Free Men, f l morning sess ion , second day of meeting, Boca Raton Hotel 4 /11 /61

E . P . C . Meeting (Paris)

B . l . S . Meeting (Basle) ,

etc Member of U. S. Delegation to meetings in Paris of Economic Pol icy Committee (OEEC). Accom­panied by Ralph Young and Ralph Wood from the Board.

Par i s • 4 /16 -21 /61 Subsequent vis i ts to central banks in London,

B r u s s e l s , Amsterdam, Copenhagen, Frankfurt, and Zurich (5 /9-10)

Attendance at May meeting of Bank for International Settlements in Basle 5 / 7 - 8 / 6 1

(Mrs. Martin accompanied Mr. Martin)

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FEDERAL RESERVE BOARD (Page 56)

CED DINNER .Invitation from Chairman T. V. Houser, Vice Chairman William C- Fos ter , and Pete Collado, Research and Policy Committee. Small group in Washington for press conference on May 16 at which new CED statement on "The International Position of the Dollar11 re leased. Informal dinner discussion. Mayflower 5 /15/61

Illinois Bankers Association Telegram of greeting, at request of Association,

meeting in St. Louis for their 70th Convention . . . . 5 /16/61

Farmers Bank of the State of Delaware . Annual Dinner, Wilmington . . f 5 /17 /61

Schwegler Dinner . . . Martins1 dinner for Dr. and Mrs. Schwegler,

President, Swiss National Bank (Zurich). Martin home, 8 p . m . , black tie. Guests: Mr. and Mrs. Heller; Council of Economic Advisers; Mr. and Mrs. Tobin, Council of Economic Advisers; Mr. and Mrs . Balderston; Mr. Smymcsak; Mr. and Mrs. Robertson; Mr. and Mrs. Shepardson; Mr. and Mrs . King; and Mr. and Mrs. Ralph Young 5 /23/61

New York Dinner, New York Stock Exchange, for retiring Chairman Edward C. Werle. Dais guest. Astor Hotel (black tie). •

Visit with Federal Reserve Bank officials—and at Desk; luncheon and attendance at directors1

meeting

5 /24/61

5 /25/61

The Berry Schools Meetingv board of trustees , 9 a . m . • • < . 6 /3 /61

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FEDERAL RESERVE BOARD (Page 57)

Advertising Council Dinner at the time of Seventeenth Annual

Washington Conference. Statler Hotel. . • 6/5/61

Chicago and Detroit Bank Boards Joint meeting at Brook Lodge, Kalamazoo,

Michigan. Off -the-cuff remarks . • 6/8/61

Republican 86th Club . . . Breakfast meeting, Speakers Dining Room,

Capitol Building 8 a . m . Invitation extended by Congressman Howard W. Robison of New York to meet with group of Republican Congress ­man who formed club in 85th Congress (195?). . . 6 /13 /61

New York Luncheon with Fortune editors; invitation extended through Qeorge Bookman

Federal Reserve Bank of New York-officials and at Desk

-visit with

6/28/61

6/29-30/61

St. Louis and Kansas

City Banks Board Meeting, St. Louis FRBank, a . m . 7/13/61

. Joint meeting at Denver of boards of Federal Reserve Bank of Kansas City and its Denver Branch. 10 a . m . , followed by luncheon 7/15 Meeting with the pres s , 9:15 a . m . . . . 7 / 1 5

John Evans1 dinner and opera, Central C i t y , p . m . .7/15 (accompanied by Mrs . Martin)

Note: Governor Shepardson also attended Dmnvtr meeting.

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FEDERAL RESERVE BOARD (Page 58)

Annual Meetings, IMF, IBRD, IFC,

and IDA •***•*,

YAMA Conference ****0»*

St* Louis FRBank and The Round Table «*«

N,Y* Financial Writers Association . . . . . . . . Chairmen^ Dinner . • Chairmen's Conference *••****•

Tax Foundation, NYCity . . . . . . . . . . .

Vienna*. *.*** • • • • • * . * 9 /18-22 /61 (Accompanied by Mrs . Martin)

Following meeting, with Mrs* Martin, drove to Venice (visit with LeGallais); then to Greece*

Meeting in London (Roosa, Lloyd, Bank of England) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10/23

Meeting of Economic Pol icy Committee, OECD, P a r i s * 10/24*25/61

64th* (National Industrial Conference Bd*) Absecon, New Jersey I l / l 0 ~ 1 2 / 6 l

Visit with President Johns, and l u n c h . . . . . . . 11/16/61

St* Louis Round Table black tiedinner, Racquet Club* Invitation from John L* Gttlis (who noted that Mr. Martin spoke to the group on 12/22/38) , Informal address on "Some Aspects of Monetary Policy*" •*• 11/16/61

"Financial Fol l ies of 1961" Black-t ie dinner. Grand Ballroom, Astor Hotel ***** 11/17/61

. Alibi Club (and Ba lders ton & S h e r m a n ) , . ^ . . 11 /29/61

Board's building*** . * * * . * * . . . . . . . . * . . *•* •* 11 /30 -12 /1 /61 Opening, off-the-cuff, remarks , second day

of meeting*** to************************* 12 / l

^Annual Dinner Meeting (24th)* Presented award for distinguished public serv ice (presented by Ros Mag ill, Chairman)* Prepared address , 'Maintaining the Value of our Money*1 Plaxa Hotel, black tie* Accompanied by Mrs .Mart in . . 12/5 /61

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FEDERAL RESERVE BOARD (Page

Phiia, Chamber Commerce It Clearing House Association Dinner, Chamber of Commerce of Greater Phila­

delphia, Sheraton Hotel* beginning at 5:15 p . m . Presented 13th William Penn Award for Mcon-

structive contributions to our national monetary policy and effectiveness in preventing damaging effects to the Nation's economy from inflation. "

Prepared address , "The Balance of Achievement, M

Accompanied by Mrs . Martin. Governor Balder ston a lso attended 12/13/61

Preceding dinner, met with group from Clearing House Association, board room, Philadelphia National Bank, 4 p . m . (Invitation from Fred Potts) 12/13

(Planned vis it with group from Yale Club of Philadelphia cancelled because of early Chamber dinner schedule. Invited by Bob Landon)

Westinghouse Electric Bil l Knox pre-Christmas luncheon, New York

City, 12:30 p . m 12/14/61

1962

Treasury Savings Bonds Conference One-day meeting; Sheraton Hall, Sheraton Park

Hotel, D . C . Off-the-cuff remarks on "Monetary Pol icy in the Savings Bonds Program," afternoon sess ion (2:30) 1/19/62

Alfalfa D i n n e r s . . Forty-ninth. Statler Hotel. Guests: Governors Mil ls ,Robertson, and Shepardson 1/20/62

Association of Stock Exchange F irms . . Dinner. Guest of Harry Morgan (head table seat ­

ing)- Statler Hotel, black tie 1/22/62

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FEDERAL RESERVE BOARD (Page 60)

The Business Council Dinner (preceding meeting the following

day), Mayflower 1/24/62

Luncheon speaker, 12:30 p . m . Off-the-cuff remarks . Carlton 1/25/62

Yale Daily N e w s . . Supplement. Art ic le , Maintaining the Value of our Money, based on Tax Foundation

Dinner for address of 1Z/5/61 February issue Senator Robertson Stag, Mayflower Hotel, black t ie .

Sponsored and attended by Congressional and banking officials 2 / 2 / 6 2

FAC Dinner Hosted by Mr. Martin, Alibi Club, informal. Council Members: Enders, Murphy, Petersen, Hays, Hobbs, McRae, Zwiener, Maestre, Moorhead, Brsidenthai, Betts , McAllister; and retiring Council members Homer Livingston and Norfleet Turner. Secy and Ass t Secy Prochnow and Korsvik. Board Members: Balderston, Mills , Robertson, Shepardson, King, and Mitchell, and Mr. Sherman 2 /19 /62

White House Dinner . . . . . . . . . for Vice President, the Speaker of the

House, and the Chief Justice of the Supreme Court. (Mr. and Mrs. Martin) 2 /20 /62

Washington Underwriters1 • . . group dinner, Columbia Country Club,

informal. Invitation from James Johnston; A. G. Edwards, Guy Redmond, e t c . , attended 2 /22 /62

The Berry Schools Meeting of Budget Committee and Board of

Trustees • 2 /23 -24 /62

New York FRBank . Visit with members of foreign exchange staff;

sat in on 11:30 a . m . foreign exchange "calfc, " luncheon 2 /26 /62

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FEDERAL RESERVE BOARD (Page 61)

Investment Bankers Association Dinner for Executive Committee, Confer­

ence Committee, and National Committee Chairmen. Informal, Metropolitan Club* Invitation from Murray Hanson. Off-the-cuff address • . . 2 / 27 /62

New York FRBank Visit with Mr. Hayes and members of

Foreign Exhhange staff; sat in on 11:30 Foreign Exchange call; lunch . 3 / 2 / 6 2

The Advertising Council 18th Annual Conference. Panel participant

on the Economy, with Chairman Heller, Council of Economic Advisers; S e c r e U r y Dillon ( T r e a s . ) , and Secretary Hodges (Commerce) . Off-the-cuff remarks . 4:20 p . m . Red Cross audit or im. . 3 / 6 / 6 2

Reception and dinner, informal, in connection with Advertising Council meeting. Statler 3/6

New York FRBank . . . . . . . . . Visit with members of foreign exchange

staff; sat in on 11:30 foreign exchange "call;" and lunch. , • . . . . . • • . . • • • . • . • • • o . . . . . . 3 / 9 / 6 2

"Director Day" . . .Board's program for new directors Dinner, Sheraton~Carlton, 6:30f informal;

speaker, Under Secy of Treasury Fowler 3 /14 /62

D a y l o n g meeting; closing off-the~cuff remarks on "Role of Federal Reserve directors" 3 /15 /62

Gridiron Dinner . . Quest of Benjamin McKclway, Evening Star. Statler, 7 p . m . , white tie • 3 /17 /62

"Post" dinner reception. Mr. and Mrs. Martin, guests of Benjamin McKclway, Statler, 5 - 8 p. m 3 /18 /62

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FEDERAL RESERVE BOARD (Page 62)

Examiners1

Conference Board's building, attended by representatives of Bank Examination Departments of FRBanks (two-day meeting). • • . « • • • « • « • • • • » « • » « . » • • » .

Off-the-cuff opening, welcoming remarks, 9:30 a . m . • • • • .

3 / 2 6 - 2 7 / 6 2

3 /26 /62

ABA committees Informal meeting with Advisory and International

Committees, Board Room, Riggs, 4:15 p . m . Invitation from Charts Walker. Off-the-cuff remarks on gold reserve requirement . . . . . . « • • . 3/26/62

State of Washington Luncheon . and reception. Hosted by Senators Magnus on and

Jackson, Governor Rosel l ini , and Mayor Clinton (of Seattle) in advance of opening of Seattle World's Fa ir . Old Supreme Court Chamber, Capitol Bldg_ . 3 /27 /62

Yale Club of Washington • Annual Dinner. Yale Bowl award presented by

Harry Truman to Dean Acheson* National P r e s s Club, 8 p . m . , black tie 3 /27 /62

Nashville Branch Atlanta FRB

San Francisco FRB k branches.

Joint board meeting, Nashville branch with Atlanta FRBank, in Nashville, 4 p . m . 4 /12 /62

Dinner for officers and directors , hosted by Web Johnston and Sam Fleming 4 /12 /62

Nashville branch sponsored meeting for area bankers and businessmen, 10:30 a . m . and luncheon. Off-the-cuff address following luncheon (summary for press prepared). Peabody College of Teachers , Nashvil le . Arranged by Vic Johnson, Chairman of Nashville branch board. (Note: Guest of Mr* Johnson and his wife, Nancy, their home, night of 4/12) • • . „ • 4 / 1 3 / 6 2

Joint board meeting, San Francisco with branches, followed by luncheon. Off-the-cuff remarks . * • • • . 4 / 1 9 / 6 2

Dinner for area businessmen and directors , even ing preceding board meeting. Stock Exchange Club. Off-the-cuff remarks . • . . 4/1^ 62

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FEDERAL RESERVE BOARD (Page 63)

White House Correspondents Dinner Guest of Jim Large, Wall Street Journal.

7:30# Sheraton Park, black tie . . . . . . . . . 4/27/62

Hartogsohn Dinner . . . . . . . . . Mr. and Mrs. Martin's informal dinner for

Mr. and Mrs. S. Hartogsohn (member, board of directors , Danmarks Nationalbank), their home. Guests: Mr. and Mrs . Walter Heller, Council of Economic Advisers; Mr, and Mrs . James Saxon, Comptroller of the Currency; Mr. and Mrs . Peter Lieftinck, Fund; and Mr. and Mrs . B alders ton and Mr. and Mrs . Shepardson, Board . . . . . . . . . . . . . . . . . 5 /8 /62

ABA Monetary Conference . . . . Ninth. Rome, Italy • 5 /15*18/62

Panelist , with Karl Bless ing, the Earl of Cromer, and Bob Roosa, on "International Monetary Problems . M • 5/17

and

National Industrial Conference Bd. .Meetings, Konigswinter, Germany . . . . . . . . . o . . . 5 /23*28/62

(Accompanied to Rome and Konigs winter by Mrs. Martin.)

St. Timothy's . . Commencement e x e r c i s e s . Commencement address (extemporaneous). Cynthia in graduating c lass 6/6/62

Harvard University .Commencement

Awarded honorary degree of Doctor of Laws . . . • 6 /14 /62 Addressed Harvard Alumni Associat ion,

2:30 p . m . (Prepared outline--subsequently given out on request) . . . . . • • • « * • * 6 /14

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FEDERAL RESERVE BOARD (Page 6 4)

Yale University Elected Alumni Trustee, Yale Corporation June 1962

Berry Schools Meeting, board of trustees , 10 a . m 6 /23 /62

Kansas City FRBank joint meeting with Denver Branch . . at Denver 7 /14 /62

Harold KounUe* stag dinner, 6:30, Denver Club. .7 /13 Meeting with the p r e s s , 9 a . m . , at the branch. . 7/14 Joint meeting, Kansas City FRBank with its

Denver branch, 10 a . m 7/14 Luncheon, at Dtnv€T Club 7/14 John Evans' Central City dinner and opera 7/14

(Note: Governor Shepardson and Comptroller of the Currency Saxon a lso attended meet ing.)

Federal Reserve Bank of St. Louis Visit with officers re selection of chairman 7 /16/62

Rasminsky Dinner Martins; informal; Alibi Club, 7:30 p. m . , for

Governor and Mrs . Louis Rasminsky, Bank of Canada. Guests: Secretary of the Treasury and Mrs . Dillon; Under Secy and Mrs, Roosa; Director of the Budget and Mrs. David Bell; Mr. and Mrs . Per Jacobsson; Mr. A. F . W. Plumptre, Assistant Deputy Minister of Finance, Canada; Mr. and Mrs. B aiders ton; Mr. and Mrs. Robertson; and Mr. R. W. Lawson, Executive Assistant to the Governors of the Bank of Canada 7 /21/62

and

St. Louis FRBank

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FEDERAL RESERVE BOARD (Page 65)

New York FRBank . Visit with President Hayes and other officers 8 /10 /62

Inte rnational B a n k . . . • • • . Luncheon; directors and department heads.

Informal remarks . Invitation from Morton Mend e l s , Secretary, IBRD. Bank Bldg. 1 p . m . . . . . . 8 / 1 4 / 6 2

New York FRBank . . , Visit with President Hayes and others 8 /23/62

Dinner for Sir Frank Lee .Retiring Joint Permanent Secretary of the British

Treasury. Alibi Club, 7:30, black tie. Co-hosted by Mr. Martin and Mr. Roosa 9/15/62

Guests: Under Secy of State George Ball; Mr. Pitblado (Fund); William Armstrong (succeeding Sir Frank), and Sir Denis Rickett, A . K. C a l m e r o s s , and Derek Mitchell* British Treasury; Maurice Parsons , Bank of England; Special A s s t . to the President Arthur Schlesinger; Deputy Under Secy Daane, Ass t . Secy John Leddy, and George Will is , Treasury; Professor Robert Bowie (Harvard); Richard Biasel l , J r . , Institute for Defense Analysis; Emilio G. Coil ado, Standard Oil of New Jersey; Charles Denby, Sewickley, P a . ; Ralph Young (Board); and Alan Holmes, New York Fed. (Total of 20)

1962 Bank and Fund Meetings Annual Meetings of boards of International Monetary

Fund and International Bank for Reconstruction and annual meeting, board of International Finance Corporation, and annual meeting, board of Interna­tional Development Association. Sheraton Park Hotel, Washington, D. C 9 / 1 7 - 2 1 / 6 2

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FEDERAL RESERVE BOARD (Page 66)

New York City Talks and meetings as follows:. 9 / 2 4 - 1 0 / 1 / 6 2

Off-the-cuff remarks* black tie dinner, Advisory Board on International Bus iness , Chemical Bank New York Trust, University Club. 7:15 , . . 9 /24

Luncheon talk, Mid-Manhattan Landlord Association, Commodore Hotel;

Met with F irs t National City Bank loan officers; Dinner, *4rst National City Bank 9/25

Luncheon with Keith Funs ton, New York Stock Exchange;

Visit with officials of Morgan Guaranty 9/26

Luncheon with Bill Gray, Manufacturers Hanover;

Meeting with real estate representatives 9/27

Meeting with Crosby Kemper (former FAC); and 16 Vice Pres idents , ABA (re Saxon report, e t c . ;

Luncheon with Murray Shields 9/28

Meeting with representatives of Meadowbrook National Bank and Franklin National Bank," re merger 9/29

Visit with group of Atlanta businessmen 9/30

Breakfast talk, Customers Brokers Assoc 10/1

Yale Advisory Committee meeting, office of ~TTIck Diiworth, 9:45 a . m 10/1

Converse College Spartanburg, South Carolina

Off-the-cuff luncheon talk to area bankers and businessmen, 12:30 p . m 10/17/62

P r e s s conference, 4:30 p.m 10/17

Lecture (first of s er i e s ) , extemporaneous, on Our American Economy (prepared outline), 8 p. m, (Invitation from Bill Sibley) 10/17

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FEDERAL RESERVE BOARD (Page 67)

New York FRBank Visit with officials, and attendance at meeting

of Board of Directors , November 1 11 /1 -2 /62

American Institute of Banking Washington Chapter dinner and forum program

Dinner guest, with Mr. Szymcsak, etc . of L. Gilbert Vance, President, Washington Chapter, American Institute of Banking, Columbia Country Club, 6:15 p . m 11/15/62

Participant in forum, with Ass t . Secy of Treas . Stanley Surrey (in lieu of Under Secy Roosa, who was ill) on "Economic Ortlook and Monetary, F isca l and Debt Management Pol icy. " Moder­ated by Mr. Szymcsak. Chevy Chase Branch, National Bank of Washington, 8 p. m 11/15

Financial Fol l ies of 1962 . . Annual dinner, New York Financial Writers*

Associat ion. Hotel Astor , 7:30 p . m . , black tie. . l l / l 6 / 6 2

Luncheon with Oren Root, Superintendent of Banks, State of New York 11/17

White House n / , n / o Reception Stag, re cultural center, 6 p . m i i /*u /o&

White House . . , . _ . Luncheon President Kennedy's luncheon (stag) for Pr ime

Minister of Somala, Abdirashid Ali Shermarke. Mr. Martin sat next to President of the Central Bank (Banco Naaionale Somala), Dr. Atidi Aden , „ _ , , , Mohamed. l p . m . , White House 11/27/62

Banker Statement for correspondent banking issue December date

Chairmen's . _ Conference Mr. Martin's dinner for Chairmen and Deputy

Chairmen, Alibi Club, 7 p . m . , Informal (and Governor Balderston and Mr. Sherman) U / 2 8 / o z

Two-day conference of Chairmen, Board's bldg 11 /29-30 /62 Off-the-cuff remarks , second day of meeting. . . . . . 11/30

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FEDERAL RESERVE BOARD (Page 68)

Business Council . . . * Dinner Meeting* Invitation from Roger Blough,

Chairman. Mayflower, i n f o r m a l . . . . . 12 /5 /62

Chicago FRBank Meeting, boards of directors of Chicago

and Detroit 12 /6 /62 Preceded by luncheon; and followed by dinner

(honoring two retiring directors , Vivian Johnson, Chicago; and Tom Smith, Detroit) Union League Club. Off-the-cuff remarks at luncheon and dinner

Berry * Schools . • . . . Meeting, board of trustees , and ceremony in

connection with gift of building by Mr. Hermann • 1 2 / 7 - 9 / 6 2

New York City . . . Visit , New York FRBank (sat in on call) a . m . . . J 2 / 1 3 / 6 2

Bil l Knox annual pre-Christmas dinner 12/13

Informal remarks , Columbia University seminar, p . m 12/15

American Economic fc American Finance Associations . . • . . Annual meeting, Pittsburgh. Addressed Joint

luncheon ses s ion . Prepared text; Monetary Pol icy and International Payments 12/2 8/62

See next page for 1963

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FEDERAL RESERVE BOARD (Page

1963

New York City Addressed off* the-record meeting of Mid-town Executives Club (New Y e a r s Day) 1 /1 /63

Off-the-cuff remarks* Optimists Club 1/2 Visit , FRBank of New Y ork • 1/3 Off-the-cuff remarks , meeting of representatives of Real Estate Boards 1/4

Participated in forum, Columbia University in the City of New York . . 1/5

Treasury Savings Bonds Briefing Conference . . One-day conference for group of 26 leading

industrialists serving as chairmen of industry* wide payroll savings campaigns. Statier Hotel. Off-the-cuff remarks on Monetary Pol icy in the Savings Bonds Program, 11:15 a . m . Followed by luncheon. (Transcript made of talk) 1/16/63

Circus Saints and Sinners. * Luncheon, with Secretary of the Treasury Dillon

as "Fall Guy. » S u t l e r , 12:30 1/21/63

White House Dinner . . . . President's dinner for the Vice President , the

Speaker of the House, and the Judiciary. (Mr. and Mrs. Martin) 1/21/63

Business Council. « Dinner, Mayflower, Orville Freeman, speaker . . . 1/23/63

Meeting; luncheon speaker, off-the-cuff remarks , Carlton Hotel, 12:30 1/24

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FEDERAJL RESERVE BOARD (Page

Alfalfa Club . 50th Annual dinner* Quests: Governors B alders ton, Robertson and 5hepardson. S u t l e r Hotel, 7:30 p. m . , black tie 1/26/63

Industrial College of the Armed Forces .Lecture, 45 minutes, extemporaneous, on the

subject of The Federal Reserve System and Economic Stabilisation, " followed by half-hour question and answer period. Fort McNair (8:45 a.m.)

2/6/63

Federal Advisory Council . Dinner. Hosted by Mr. Martin. Alibi Club.

7 p . m . , informal. Council Members: Lawrence Martin, George Murphy, Howard Petersen , L*A. Stoner, Bob Hobbs, Finley McRae, Ken&*lener , Jim Aston* and Elliott McAllister; and Secretary and Assistant Secretary Herb Prochnow and Bill Korsvik. Board Members: B alders ton, Robertson, Shepardson and Mitchell, and Mr. Sherman (total of 20)L 2 /18 /63

Exchequer Club of D. C. • • • • • •

SE Area Correspondent Bank Conference . . .

.Reception, and luncheon, honoring 50th anniversary of Senate Banking and Currency Committee, with Chairman Robertson and Senator Bennett as gues t s . Mr. Martin, with Governor Balderston, attended reception only; unable to remain for luncheon in view of Treasury luncheon meeting re financing . . . 2 /20 /63

Atlanta. Dinner speaker; off* the-cuff remarks on "Some Monetary P r o b l e m s , " Dinkier Plaaa Hotel. Invitation through Bill Bowdoin • 2 / 2 1 / 6 3

Berry Schools Meeting, board of trustees , 10 a . m 2/12 3 / 63

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FEDERAL RESERVE BOARD (Page 71)

Investment Bankers Association . . Luncheon for Chairmen of Executive, Conference,

and National Committees . Off-the-cuff remarks . Sheraton-Carlton, 1 p . m 2 /27 /63

USIA article Statement for publications abroad. Submitted February

Kansas City Star article . • • « . . for section on Money, in issue of . . . March 3

Customers Brokers Association of Washington, D . C . Head table guest at dinner in

honor of Edwin D. Etherington, President, American Stock Exchange. International Inn, D .C 3/4/63

ABA Monetary Conference. .Princeton, New Jersey . Panel discuss ion, a . m .

closing sess ion on The International Financial Mechanism--discussed by panelists David Pitblado; Guillaume Guindey; and Bob Roosa. Discuss ion of

their comments by Mr. Martin and Lord C r o m e r . . .

Gridiron Dinner . . Guest of Nat Finney, Buffalo evening News.

Statler, white tie, 7 p. m (Post-dinner reception on Sunday, 3/10, attended by Mr. and Mrs . Martin.)

3/18/63

3 / 9 / 6 3

Examiners1

Conference

Advertising Council1 s. . .

Board's building. Opening, welcoming remarks of two-day meeting, 9:15 a. m « 3 /11 /63

19th Washington Conference. Two-day meeting 3 /12 -13 /63 Dinner. Speaker: Vice President Lyndon Johnson,

Statler, informal 3/12 Participant in panel on Economic Outlook, with

Secretary Dillon, Secretary Hodges, and Waiter Heller, 9:30 a . m 3/13

President addressed meeting at 10:30 Luncheon, Mayflower, 12:30. Speaker: Brit ish

Ambassador Ormaby-Gore 3/13 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BOARD (Page 72)

Business International Ninth Executive Roundtable. Stopped by briefly

(off-the-cuff remarks) at ses s ion on Financial and Monetary Pol ic ies (in which Ralph Young and Daane and Trued participated). Invitation from Richard Conbn. 12:40 p . m . , Mayflower 3 /14 /63

S O S Club Breakfast (group of Republican Congressmen). Invitation from Jack Westland, State of Washing-ton. 8 a . m . . Capitol Hill Club 3 /20 /63

"Director Day" Board's program for new directors

Dinner, Sheraton-Cariton, 6:30, informal. Speaker: Under Secy of the Treasury Roosa 3 /20 /63

Breakfast, informal get-together, Carlton, 7:30. . . 3/21

Day-long meeting. Closing, off-the-cuff remarks on "Role of Federal Reserve Directors" 3 / 2 1

Presbyterian , / , / / / ,

Men in Govt Annual Dinner. International Inn, 7 p. m 3 / i o / o 3

New York Federal Reserve Bank, a . m . and luncheon 3 /27 /63

Off-the-cuff remarks to representatives of Associated Dry Goods group, Plaaa Hotel, p. m 3/27

School of Advanced Interna-tional Studies Off-the-cuff talk to students in Dr. Howard

Piquet's c las s in International Finance, 7 p . m 4 / 1 / 6 3

Dallas and Houston at . , , . . . Houston Joint meeting of boards of directors

Reception and dinner for directors , off icers, and area bankers and businessmen, Sheraton-Lincoln Hotel. Off-the-cuff remarks 4 / 1 0 / 6 3

10 a . m . joint meeting of boards, and luncheon 4/11 P r e s s conference, at the branch building, 2 p . m . . . 4 /11

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FEDERAL RESERVE BOARD (Page 73)

Yale Club of Washington . Annual Dinner; Yale Bowl awarded to Prescott

Bush; Presidential A r m s , black tie 4/17/63

Chamber of Commerce .of the United States. Received "Great Living

American" Award at Leadership Recognition Dinner (during Chambers annual meeting). Other recipients: Senator McCiellan of Arkansas and former Congressman Judd of Minnesota. Sheraton Park Hotel. Presentation preceded by press conference and black tie dinner (attended by Mrs . Martin) 4/29/63

Auditors Conference Biennial Conference of General Auditors of the

Federal Reserve Banks, Board1 s building. Opening, welcoming remarks (of three-day meeting, 9:30 a. m 5 / 1 / 6 3

TIME Magazine 40th Anniversary dinner, Waldorf Astoria, New

York. (Mr. and Mrs. Martin) 5/6/63

New York Clearing House A s s o c . • . • .Dinner, commemorating move to new home at 100

Broad Street, University Club, stag. Secretary Dil lon, speaker 5/7/63

Luncheon for Schweitaer . .Martins' home, luncheon for Pierre-Paul Schweitxer,

Deputy Governor, Bank of France . . . . • 5 /12 /63

United Steeiworkers. .of America, Washington Legislative Conference. Off -

the-cuff remarks at breakfast. Invitation from Alex ­ander Christie, 8:30 a . m . , Dupont Plama H o t e l , D . C . . 5/16/63

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FEDERAL RESERVE BOARD (Page 74)

Dinner for Schwcglers. Martins' dinner for Dr. and Mrs. Walter Schwegier,

President, National Bank of Switzerland. Martin home, black tie. Quests: Mr. and Mrs . Balder s ton, Mr. and Mrs . Robertson, and Mr. and Mrs. William Cary . . . • . # 5 /21 /63

Berry Schools Meeting, board of trustees , 10 a . m . 6/8/63

Cleveland FRBank. . Joint meeting, boards of Cleveland Federal Reserve

Bank with Its Cincinnati and Pittsburgh Branches at Youngs town, Ohio. Dinner for officers, d irectors , and Youngs town

bankers and businessmen, Youngstown Country Club? principal speaker (off-the-cuff) 6/12/63

Joint meeting of boards, followed by luncheon 6 /13

New York Stock Exchange . Luncheon, tnarking Its 25th anniversary of association

with Mllbank, Tweed, Hadley and McCloy. New York. . 6 / 1 7 / 6 3

ABA .joint meeting of Advisory and International Committee and Economic Policy Committee to Formulate Policy Statement Concerning U . S . Balance of Payments . Off-the-cuff presentation, 4 p . m . , Rlggs Board Rm.. . . 6 /25 /63

New York Security Analysts . Dinner, Piaaa Hotel. (President, R.Clay Owens) 6/27/63

N.Y. Institute of Finance .Luncheon, members of Advisory Board to meet

new President, Dr. David Bunting, and Dr. Samuel Stratton, Consulting Director. 12:30, offices of Security Analysts , 15 William Street, NYCity 6/28/63

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FEDERAL RESERVE BOARD (Page 75)

Kansas City FRBank board with Denver . . . .at Denver 7 /12-13 /63

Harold Kounts&e' stag dinner, Denver Country Club 7/12

Meeting with the p r e s s , at Branch, 9 a . m . . . 7/13 Joint meeting of boards, at Branch, 10 a . m . 7/13 Luncheon, Denver Club 7/13

John Evans f dinner and opera, Central City (Don Giovanni) # 7/13

(Note: Governor Shepardson and Chairman Cocke, FDIC, a lso attended) 7/13

S .O.S . Club breakfast, with group of Republican Congress ­men. Invitation from Oliver Bolton, Ohio. Capitol Hill Club, 8 a . m . Off-the-cuff d i s ­cussion of balance of payments 8 /21 /63

Wistar Party Philadelphia Dinner, guest of Al Williams and Stew

Rauch. Off-the-cuff remarks . Mr. Balderston attended a lso . • 9 /17 /63

International Bank and Monetary Fund 18th Annual Meeting, Washington, D . C .

Sheraton Park Hotel 9 / 3 0 - 1 0 / 4 / 6 3

Georgetown Forum Georgetown University . . • • . . 10 /5 /63

Morning sess ion: Lord Cromer, Marius Holtrop, and Dr. Emminger--International Money Market; World Financial Liquidity

Luncheon * Secretary Dean Rusk, speaker Afternoon sess ion: Mr. Martin, Mr. Roosa,

and Fred Kappei - Economic Outlook, Debt Management and Monetary Pol icy. Off-the-cuff remarks (prepared outline) 10/5

ABA Convention 89th; Washington, D.C 1 0 / 6 - 9 / 6 3

Board's reception for delegates, Board's building, 2:30-3:30 (Board members and their wives in receiving line) 10/6

Platform guest, General Sess ion, Constitu­tion Hall, 9 a . m . (Secretary Dillon, speaker) followed by luncheon at 12:30, New York Room, S u t l e r • . . i o/8

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FEDERAL RESERVE BOARD (Page 76)

Federal Reserve Counsel • • • • • . « • • • .Conference, Board's building . . « • • . » • • • « • . . • • . . . 10/10 -11/6 3

Opening, welcoming remarks, 9 a . m . . . • • « . . • • • • 10/10

Chartered Accountants .•<>••• Off-the-cuff remarks, evening m t g . , NYCity . . . . . 10 /17 /63

Lotos Club . • » » . • . » » . . , • • New York City. 280th State dinner in honor of

General Lucius Clay. Head table guest, with Mrs . Martin. Speakers: Governor Nelson Rockefeller and General Alfred Gruenther. 7 p . m . black t ie . At the Club , 5 East 66th Street 10/29/63

Eisenhower Discussion Group • • . . * • » • . • • Informal meeting, at Tom Nichols1 home, Balt i­

more . Present: General Eisenhower; Milton Eisenhower; Mot Copeland; Tom Nichols; Barry Leithcad; Francis Wilcox; Walter Mitchell; Bill Robinson; Steve Saulnier; and Mr. Martin. Discussed balance of payments. From dinner on Friday through luncheon on Saturday . . . . . . 0 • • . l l / l -2 /63

Miller fc Rhoads Virginia Woman's Forum . « . • • « . . . Richmond.

Small, stag, informal dinner, hosted by Ed Hyde, Chairman, FRBank of Richmond. Commonwealth Club, 7 p . m . Off-the-cuff -off-the-record remarks J 1/6/63

Miller &c Rhoads Virginia Woman's Forum, John Marshall Hotel, 10 a . m . through luncheon. Off-the-cuff remarks on "Monetary Pol icy. ". 11/7

Financial Foll ies of 1963 • • • • • • 25th Anniversary dinner, New York Financial

Writers1 Association, Hotel Astor, 7:30, black tie « 11/15/63

(Spent afternoon in meetings with Al Hayes, Bob Roosa, e t c . , at FRBank of New York) 11 /15

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FEDERAL RESERVE BOARD (Page 77)

New York City Met with representatives of National Foreign Trade Council, p . m • • . . , , • . • » . . • . . 11 /19/63

As new member of its board, attended meeting of Defense Orientation Conference A s s o c i a ­tion, 10 a . m . through luncheon, University Club , . . . . . . . . . . . . . # 11/20

Met with representatives of investment bankers 11/21

Official discussions with bankers and business* men (news of President Kennedy's a s sas s ina ­tion received about 1:45 p. m.) 11/22

Chairmen's Conference Two-day, Board's building # • « . . . 12/5 fe 6/63

Mr. Martin's dinner, Alibi Club, for Chairmen and Deputy Chairmen (preceding start of Conference the next day); 21 Chairmen and Deputies (out of 23) and Governor Balderston and Mr. Sherman. 7 p . m . , informal 12/4

Off-the~cuff remarks, second day of meeting . . . . 12/6

U.S. Council, International Chamber of Commerce Annual Dinner. Americana Hotel, New York City

7;30 p . m . , black tie. Prepared address , "Monetary Pol icy and the Balance of Payments". . 12 /9 /63

Bill Knox pre* Christmas Luncheon New York City, Wall Street Club, 12:30 . 12 /12/63

National fc State Bank Divisions, A B A Dinner, Mayflower, informal. Congressman

Albert Rains, speaker . . 12 /16/63

New School for Social Research Dinner in honor of Alvin Johnson, Founder It

President Emeritus, on his 89th birthday. Wollman Hall, at the school, Informal. Off-the-cuff remarks 12 /18 /63

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FEDERAL RESERVE BOARD (Page 78)

1964

New York City • . . . . Dinner meeting, group of Insurance sa lesmen,

chaired by Ed Par i s , Metropolitan Life Insur­ance Company 1/10/64

Discuss ions with businessmen and bankers re System matters (Including luncheon with Baxter Jackson at the Links Club) l / H

Alfalfa Club . . . . 51st Annual Dinner, Statler, 7:30, black tie.

Guests: Governors B alders ton, Robertson, and Shepardson . . . 1 /25/64

Dinner for Mr. and Mrs. Les l ie O fBrlen Bank of England (next Deputy Governor. Martin

home, 8 p . m . , black tie. Guests: Mr. and Mrs. Balderston, Mr. and Mrs. Robertson Mr. and Mrs . Mills , and Mr. Mitchell 1/27/64

Investment Bankers Assoc Governmental Securit ies Committee luncheon ( in­

vitation from Chairman, Bob Biyth), 12:30, Carlton. Balderston, Young,Noyes, Koch also attended 1/29/64

Academic Advisory Group Board's; headed by Professor Lee Bach.

F irs t meeting; preceded by dinner In Board's build­ing (with reepptfcinrf'hosted" by Mr. Martin) 1 /29/64

Full -day's meeting with advisory group, Including luncheon 1 / 3 0

Mortgage Bankers Assoc Washington Committee luncheon, East Room,

Mayflower, 12 noon 2 / 3 / 6 4

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FEDERAL RESERVE BOARD (Page

Berry Schools Meeting, board of trustees , 10 a. m 2 / 8 / 6 4

Federal Advisory Dinner Mr. Martin's; Alibi Clubt informal, 7 p. m. (total of

23). Retiring President of Council, George Murphy (to whom try was presented); retiring V , P . Bob Hobbs; all Present Council Members: Larry Martin, Bill Moore, Bill Day, Lee Stoner, John Watlington, Finley McRae, Ed Smith, Jim Hickok, John Moorhead, Maurice Breidenthai, Jim Aston, and Ransom Cook; Secy and Ass t . Secy, Herb Prochnow and Bill Korsvik; and Mt**r*. Balderston, Robertson, Shepardson, Mitchell, Daane, and Sherman . . , .2 /17 /64

Business Council Dinner meeting, Mayflower, 7 p . m 2 / 1 9 / 6 4

ABA Symposium. • .on Employment; day-long meeting, and lunch,

Mayflower Hotel . 2 / 2 4 / 6 4

IBA Luncheon, Executive Committee. Conference Committee, and National Committee Chairmen. invitation from President Jack (David J . ) Harris and Murray Hanson. Off-the-cuff remarks.Carlton . . 2 /26 /64

Eiihu Dinner, New York Regional A s s o c . , Union Club 3 /5 /64

Examiners Conference • • • two-day meeting at Board of representatives of FRBank

Examinations Departments. Off-the-cuff opening, welcoming remarks, 9:15 a . m . Room 1202 3 /9 /64

Forbes Magazine Cover story--Martin of the Federal Reserve;

two art ic les , The Fed Under F i r e , f l and "It Started with Jefferson fc Hamilton.»' 3 / 1 5 / 6 4

Director Day . . 11th program for new directors ; dinner speaker Under Secy Roosa . 3 /18 /64 Day-long program, including lunch; closing, off-the-cuff remarks: "Fifty Tears of the Federal Reserve System, and Where is it Headed?" 3/19

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FEDERAL RESERVE BOARD (Page 80)

Yale Club of Washington . • .••Annual dinner; head-table guest* Yale Bowl

awarded to Averel l Hariman (in absentia — accepted on his behalf by William Bundy). National P r e s s Club . . . . . . . . . . . . . . . . . . . . . . . . . . 3 /25 /64

New York City talks . . . • • » . . . . Informal, off-the-cuff:

Columbia University • . . . . • . o . « . . . . . . • . . . . . • . 4 / 1 / 6 4 New York University . . . . . . . . . . 4 / 2 City College of New York • . . . . • • 4 / 3 New York University

School of Advanced International Studies . . . Off-the-cuff talk to students of Dr . Piquet's

c lass in International Finance, 7 p. m. . . . » . . « • . , . 4 / 6 / 6 4

St. Louis FRBank . . . . . . . Joint meeting of boards of d irectors .

Addressed dinner, directors and senior officers* 4 / 8 a. m. board meeting; off-the-cuff r e m a r k s . . . . . . . 4 / 9 Luncheon following meeting, off-the-cuff remarks 4 /9

Customers' Brokers NYCity Association's 25th Anniversary dinner, black tie,

Waldorf-Astoria. Off-the-cuff address; press summary provided 4 /14 /64

San Francisco FRBank Dinner for directors , officers, and area bus iness ­

men, Bohemian Club « . . . 4 / 1 5 / 6 4 Joint meeting of boards, San Francisco Bank and

branches, a . m . , followed by luncheon (off-the-cuff remarks) (Accompanied by Mrs . Mart in ) . . . • 4/16

Conference of Governors . • . Antigua, Guatemala. F irs t conference hosted by

Central Bank of Guatemala 4 / 1 8 - 2 1 / 6 4 Prepared text on "international liquidity" for

a . m . ses s ion • 4 /20 /64

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FEDERAL RESERVE BOARD (Page 81)

Minneapolis FRBank . • • Luncheon at the Bank for area businessmen;

off-the-cuff remarks; Atherton Bean dinner, Minikahda Clubw • . . . • • • • 4 / 2 4 / 6 4

Full-day program, luncheon and dinner (off-the-cuff remarks) in celebration of 50th anniversary . • • • . . . . » « . * * • • • . • • • • . . . . 4/25

(Accompanied by Mrs . Martin)

New York World's Fair • • • « » . . . • • • • Dinner and opening of Swedish pavillion, Mr. and

Mrs* Martin* Hosts: Mr, and Mrs , Marcus Wallenberg and Mr. and Mrs . Erik Boheman . . . . 4 / 2 6 / 6 4

New School for Social Research . . . . . . Convocation and dinner marking 30th anniversary

of Graduate Faculty of Political and Social Science, Park Lane Hotel, NYCity. Principal Speaker: Adlai E . Stevenson . . . . . . . . . . 4 / 2 8 / 6 4

Invest-in- , America . . . , • . • • Dinner, Congressional Country Club, black t ie .

Inavitation from Lew Jennings. Off-the-cuff remarks • . . - 4 / 30 /64

Awarded plaque "for distinguished contributions to the economic growth and prosperity of this

Academic nation." Advisory Group . . . .Second mtg. with board; smal l dinner evening System before at Cosmos Club (Mr. M. could not attend) . . 5 / l / 6 4 Personnel Conference 3-day meeting; opening, welcoming remarks ,

9:40 a . m . , Room 1202 • • • • 5 /4 /64 (Note: this conference held each year at a dif­ferent FRBank; every 13th year at the Board).

Advertising Council Twentieth Annual Washington Conference

Dinner - Sargent Shriver, speaker. Mayfiowexv • . . 5 / 5 / 6 4 Panel participant (with Secretaries Dillon and

Hodges and Walter Heller) 9 a . m . - 10:30 a . m . Red Cross Building--followed by luncheon at Gramercy Inn, speaker: Carl Rowan • • . • • • • • . . . . 5 / 6 / 6 4

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FEDERAL RESERVE BOARD (Page 82)

Business Council Hot Springs, The Homestead (accompanied by

Mrs . Martin) . . . . 5 / 7 - 1 0 / 6 4

ABA Monetary Conference Eleventh Annual. Vienna, Austria 5 /19 -22 /64

Chaired Session IV, "International Finance Mechanisms, M at 3 p « m M Thursday, May 21. Speakers: Bob Roosa and J. E . Meade (Professor of Political Economy, Cambridge). Discussants: Dr . Kamitz and Dr. P ierre Calvet (Deputy Governor, Bank of France)

(Accompanied by Mrs. Martin)

National Industrial Conference Board Second Torquay Conference (England). 5 /27 -30 /64

Visit with Lord Cromer Governor, Bank of England; his home in the

country (Sunday) # # . . # 5 /31 /64

Johns Hopkins University column. "Career in Banking, n submitted for use

by the University in distribution to newspapers in 425 public and private schools throughout the country M a Y l^4

Business Week . . , Cover, story (by George Williamson), and editorial 5 /16 /64

Tufts Univers i ty . . Awarded honorary degree of Doctor of Laws (Accompanied by Mrs . Martin) 6 / 7 / 6 4

New York FRBank Visit at Bank, a. m . , and lunch with President

Hayes (and his guest, Fraaar W Ude) 6 / 8 / 6 4

New York University Received C. Walter Nichols Award for 1964 (fourth

recipient) honoring "distinguished business leader who has exemplified the precepts of integrity, enter­pr ise , and serv ice ) . 3:30 p . m . (Accompanied by Mrs . Martin 6 / 8 / 6 4 Digitized for FRASER

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FEDERAL RESERVE BOARD (Page

Princeton University Awarded honorary degree of Doctor of Laws

(Accompanied by Mrs. Martin) 6/16/64

The Berry Schools Meeting, board of trustees , a . m . . * 6 /20 /64 White House . . dinner. President and Mrs. Johnson for President

Orlich of Costa Rica. (Mr. and Mrs . M a r t i n ) . . . . 6 / 3 0 / 6 4 Kansas City FRBank It Denver Br. directors . . . . at Denver, followed by Central City dinner and

opera. Mr. Martin accompanied by Mrs . Martin, Mrs . Hermes , Cynthia Hermes , and Christopher Makins 7 /18 /64

ABA Committee . . . . to study Federal Bank supervision structure;

chaired by Eugene Adams. In Denver • • 7 /23 /64

White House . . dinner. President and Mrs. Johnson in honor of President Tsiranana of the Malyasia Republic. (Mr. and Mrs. Martin) 7 /27 /64

Arkansas Workshop . . . . on Economic Education, Little Rock. Banquet

speaker. Prepared address on HOur American Economy and the Federal Reserve System. " . . . . . . 7 /30 /64

Breakfast with group from Little Rock Clearing House, 7 a . m • 7/31

White H o u s e . . . reception, informal, on South Lawn. "A Salute to Congress . M Mrs . Martin out of the city; Mr. Martin attended alone • 8 /19 /64

White House •• P r e s i d e n t s signing of amendments to SEC Act of 1933 - his office. 8 /20 /64

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FEDERAL RESERVE BOARD (Page 84)

Robert Morris Associates •• Bulletin, August 1964, Article on Credit Quality-*

A Point of View, prepared from published statements of Mr. Martin on this subject August 1964

Bank and Fund Annual Meetings, 19th. Tokyo, Japan 9 / 7 - 1 1 / 6 4

White House Signing by the President of International Cooperation

Year Proclamation, 12 noon 10 /2 /64

N e w s w e e k . . . Bart Rowen story in Business and Finance Section, MThe Economy: Jolts on Two Fronts , " with quotations from what he called "exclusive interview" with Mr. Martin 10 /5 /64

National Life Insur* ance Co Annual Maple Breakfast, 8 a . m . Sheraton P a r k , D . C .

Invitation from L. Douglas (Doug) Meredith, Exec . V . P . fc Chairman of Committee on Finance, Montpelier, Vermont 10 /7 /64

New York Group IBA Annual dinner, dais guest . Waldorf-Astoria, NYC.

Invitation from New York Group Chairman, Robert H. B . Baldwin 10 /7 /64

Atlanta . • • • • Trust Company of Georgia dinner for senior officers and directors of Lockheed Aircraft Corporation, Capital City Country Club. Invitation from Chairman George Craft • 10 /8 /64 Atlanta FRBank Cocktail party given by Jack Tarver for Fed bank

directors and officers, Capital City Club 10/8 Meeting of joint boards of directors , Atlanta FRBank

and branches, 10 a . m . (on the occasion of dedication of new building, in System's 50th anniversary year) . . 10/9

Luncheon for officers and directors and honored guests; off-the-cuff remarks 10/9

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FEDERAL RESERVE BOARD (Page

Boston FRBank Dinner for directors , Algonquin Club 10/21/64

1964 Annual Stockholders* Meeting, al l -day. Off-the-cuff address , Boston Fed 10/22

New York . . . Mid-Town Realty A s s o c . Off-the-cuff remarks at luncheon; Plaza Hotel 10 /23/64

Berry Schools Meeting, board of trustees , 10 a. m. 10 /24 /64

DEdication of Hermann Hall, 2 p . m 10/24

Dinner for Bob Rouse . • . sponsored by Treasury and participants in IBA and

ABA advisory committees on debt management. On occasion of Mr. Rouse' retirement from FRBank of New York. Executive Suite, Madison Hotel. l©/27/64

Academic Advisory Oroup Third meeting with the Board; full-day with

luncheon, Board's building . . . . . . . . . . . . . 10/30/64

Dinner for Dr. fc Mrs. Ikle General Manager, Banque National Suisse . Martins'

home, 8 p . m . , black t ie . Guests: Swiss Ambassador and Mrs. Zehnder; Mr. and Mrs . Roosa; Mr. and Mrs . Balderston; and Mr. and Mrs . Daanc . . . . . . . . . . 1 A / 2 / 6 4

New York . . . . Visit at FRBank and luncheon with Mr. Hayes (and Mr. Gilpatric) . . 1 i / 4 / 6 4

Visit with Bob Anderson, 10 a. m • . • . . • • • • . . 11/5 Luncheon with Elliott Bell , River Club, 1 p . m . • • « • • l l / 5 ,

Other vis its with bankers and b u s i n e s s m e n * . . . . . . . . . 11 /5 -7 /64

New York . . • . Visit with Harold Helm, Chemical Bank New York Trust; Henry Alexander, Morgan Guaranty Trust; and Gabriel Hauge dinner ( 1 1 / 1 4 ) # # . . . • . . • . . 11 /12-14/64

Walter Heller Reception . . . on occasion of his leaving as Chairman of the Council

of Economic Advi sers . Host, with others in Government, Thomas Jefferson Room, State Dept, 6 -8 . Mr. and Mrs . Martin.

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FEDERAL RESERVE BOARD (Page 86)

Ackley swearing-in • • • Attended swearing-in ceremony for Gardner Ackley

as Chairman of the Council of Economic Advisers and Arthur Okun as member. Sworn in by the President, Cabinet Room, the White House, 12 noon 11 /16 /64

Virginia Bankers A s s o c , . . . . . dinner honoring Federal Reserve Bank of Richmond and

Federal Reserve System In Its 50th year. Hotel John Marshall, Informal. Off-the-cuff address . Honored guests Included Governor Albcrtis S. Harrison and Senator Willis Robertson (who spoke), (Accompanied by Governor Daane.) , • , . 1 i / 1 8 / 6 4

Chicago FRBank, . • . . , c e l e b r a t i o n of 50th anniversary.

Joint meeting, boards of Chicago and Detroit, 3 p , m , , , , 11/19/64 Dinner (226th) of Bankers Club of Chicago, Sheraton

Blacks tone Hotel, Bob Roosa, s p e a k e r , , 11/19

Open House, Chicago FRBank, a . m 11/20 Luncheon, Executives Club of Chicago, with directors

as special guests . Off-the-cuff address on Our Central Banking System in Today's Economy, ! f 11/20

Financial Foll ies , , , , 26th annual dinner of New York Financial Writers'

Associat ion. Astor Hotel, 7:30, black tie 11/20/64

Pres s Conference . . by Mr. Martin concerning Federal Reserve actions on

discount rate change and Regulation Q. 4:15 p . m . , Board Room *1/23/64

Chairmen1 s Conferences*.» Mr, Martin's dinner for Chairmen and Deputy Chairmen;

7 p . m . , in formal, Alibi Clubc 19 of 23 attended, and Governor Balderston and Mr. Sherman . . * • , . . • • • » . . . . 12 /2 /64

Two -day meeting, Board Room, with Board's dinner 13/3; off-the-cuff remarks at second day fs se s s ion . + • » « • * • • . 12/3*4/64

White House Dinner . . . . President and Mrs. Johnson's dinner for Great Britain's

Pr ime Minister, Harold Wilson. The White House, 8 p . m . , black t ie . Mr. and Mrs . Martin. . « . . . • . . . . , . . • • . . . . . . 12 /7 /64

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FEDERAL RESERVE BOARD (Page 87)

Overby dinner • • . # • Stag dinner for businessmen and bankers* Off-the-cuff

remarks* 6:30 Union Club, NYCity. Guests: Overby, Pat tberg, Miller, Glavin and Towns end, F i r s t Boston Corp . ; Stillman and David Rockefeller and Bill Moore, F i r s t National City Bank; Henry S# Wingate, C h r m . , International Nickel; Ear le McLaughlin, Royal Bank of Canada; William Batten, P r e s # > J . C . Penney; Gilbert W* Fitzhugh, P r e s . , Metropolitan Life Insurance Co. ; Harold Quinton, Chrm. Southern California Edison; and J . Henry Wood, President Home Life Insurance Co 12/10/64

SAIS • • • • • • • • .Luncheon for faculty. Invitation from Dean Franc is Wilcox. Off-the-cuff remarks • • . 12/16/64

Bill Knox luncheon • • • • annual, p r e -Chr i s tmas . Union Club, New York » • • • • » • • • 12/17/64

New School • • • • • for Social Research . Dinner for Alvin Johnson on his

90th birthday. 6:30, informal, at the School. Off-the-cuff remarks • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • » • • • • 12/17/64

London Statist Art ic le on U.S . Monetary Policy prepared at request of

Edgar Plan, Austrian Embassy, for World Banking Edition 1964 (put out under date of 12/4/64) December !64

Social Science Research Council Meeting with Board r e availability to historians of Board

Records . Day-long meeting and lunch. Board 's bldg 1/15/65

F i r s t National City Bank Dinner. On occasion of stockholders meeting. Attended by

Senior officers, members of board of directors and m e m ­bers of t rust board, and Mr. Martin. 6:45 p . m . Bank's quar te rs , black tie 1/19/65

Inauguration of President Johnson Attended, with Cynthia, swearing-in ceremony at Capitol,

and parade. Inaugural Ball at the Armory, with M r s . Martin • 1/20/65

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FEDERAL RESERVE BOARD (Page

Alfalfa Club . . 52nd Annual Dinner, 7:30 p . m . , Statler, black t ie .

Guests: Governors Robertson,Shepardson fc Mitchell 1 /23/65

IBA

Cabinet Committee Balance Payments .

• Government Securities Committee luncheon, on occa­sion of visit with Treasury re financing. Of*-the-cuff remarks . Madison Hotel, 12:30. Invitation from 1965 Committee Chairman, D. K. Pfeffer 1/26/65

Off-the-record meeting with the President, the White House. Accompanied by Governor Daane, 4:30 p . m . .2/2/65

Cabinet Committee Balance Payments •. , Off - the -record meeting with the President, principals

only. 6:15 p . m . Secretary Dillon and Mr. Martin remained and met with the President from 7 to 8:25 p. m 2/8/65

Bond Club of New York Annual Dinner. Prepared Address , "Dollars, Gold,

and International Payments ." Waldorf, black tie, 7:30 . . . 2 /11 /65

Yale Club of D . C .

Voluntary program re balance payments. •

Annual Yale Bowl Award dinner. Honor guest (with Mrs . Martin). Bowl awarded by President Br ester to Paul Mellon. Mayflower, black tie • . . • 2 /12 /65

.Meetings with President at White House and at Board. Mr. Martin, Governor Robertson, Mr. Hayes, New York Fed, and Mr. Scanion, Chicago F e d . , attended 1:30 p . m . White House meeting of bankers and corporation execu­t ives . Board meeting at 3:15 with banking representa­t ives , Board Room. Statements by Mr. Martin and Governor Robertson . « . . . • • « . 2 /18 /65

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FEDERAL RESERVE BOARD (Page

Conference Business Economists . Dinner S e s s i o n , 73rd meeting. Off-the-cuff remarks on

'Federal Reserve Pol icy. " Mayflower, informal, 6:30. Invitation from Ragnar Naess . 2 /18 /65

Johns Hopkins Alumni ,

Washington newspaper bureau heads

Association Annual Dinner* Off-the-cuff remarks on Some Aspects of our Economy. " Sheraton-Belvedere

Hotel, Balt imore. 6:30, black t ie , invitation from Charlie Reese . 2/22/65

Luncheon hosted by Mr, Martin, staff dining room, 1 p . m . Background off-the-cuff comments . 28 newspaper mmn and M e s s r s . Moiony, Fauver, Young, and No yes . 28 Newspaper men • 2 /23 /65

investment Bankers As sn. • • • Luncheon closing two-day meeting of Executive and

Conference Committees and National Committee Chair­men. Madison Hotel. Off-the-cuff remarks , invitation from Murray Hanson and Wendell Witter 2/26/65

Colgate University Washington Area Study Group. Frank Lawatsch and ten

political sc ience majors . Special Library, 3 - 4:15. Off-the-cuff remarks . LeRoy Morgan attended ,

Ellhu Annual Dinner New York Regional Associat ion. Union Club, 6:30, black t ie . Off-the-cuff remarks

3/3/65

3/4/65

Academic Advisory Group . .

S .O .S . C l u b . .

Meeting • with President and lunch

with the Board (fourth meeting). Board Room. Day-long and luncheon. Preceded by dinner on March 4 (which Mr. Martin could not attend) 3 / 5 / 6 5

Breakfast. Group of Republican Congressmen and Sena­tors . Invitation from Senator Peter Dominiek. 8 a . m . Capitol HUl Club. Off-the-cuff remarks 3 /10 /65

> Off-the-record meeting with President (with Dillon, Gordon, Ackley). 12:55 until 1:45. Group then joined the President (and Bill Moyers) for lunch--until 3 3 /10 /65 Digitized for FRASER

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FEDERAL RESERVE BOARD (Page 90)

Harvard Business School Club Philadelphia . . E . Brooke Lee, J r . , and group of 31 Club members . In

Washington for day visiting with Government officials. Board Room, 3 p . m . ; off-the-cuff remarks . LeRoy Morgan attended 3 /10 /65

Luncheon with the President . . The Whitw House. Present: Secretary Dillon, Treasury;

Secretary Connor, Commerce; Budget Director Gordon; Chairman A c U e y , Council of Economic Advisers; George Champion, Chase Manhattan; Don Cook, American Electric Power; R. E . McNeill , J r . , Manufacturers Hanover; George Moore, F irs t National City; William Moore, Bankers Trust; George Murphy, Irving Trust; William Renchard, Chemical New York; George Textor, Marine Midland, and Mr. Martin* 1 p . m . . 3 /17 /65

ABA Monetary Conference . . 12th Annual. Princeton Inn, Princeton, New Jersey .

Panelist on afternoon sess ion , 3 /18 , "Monetary and Other Public Po l ic ies ••Current P r o b l e m s . 1 Chaired by Fel ix Schulthess. Other panelists: P ierre Caivet, Otmar Emminger; Francisco Gimines Torres; and Marius Holtrop. Off-the-cuff remarks 3 /17 -49 /65

Gridiron Dinner Guest of Nat Finney, Buffalo Evening News. 7 p . m .

Statier, white tie • 3 /20 /65

Gridiron reception, following day. Mr. and Mrs . Martin. 5 - 7:30, Statier 3 /21 /65

Reception for Dillon Host, with others in Government, for farewell reception

for Secretary and Mrs. Dillon. 6:30 p . m . , Diplomatic Reception Rooms, State Department. Mrs . Martin a l so . • 3 /24 /65

Director Day Twelfth Annual Director Program.

Dinner, Washing ton-Hilton Hotel, informal. Under S e c r e ­tary of the Treasury Deming, speaker 3 /24 /65

Breakfast, informal get-together, Hilton, 7:30 3/25

Day-long meeting; closing, off-the-cuff remarks in Executive Session, "The System Today. { 2:30 3/25 Digitized for FRASER

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FEDERAL RESERVE BOARD <ff*gc 91)

ABA Federal Taxation Symposium Day-long and luncheon* Ballroom* Mayflower.

Attended part of morning session* starting at 9:30 (with address by Secretary Dillon) and portion of afternoon ses s ion (from 3:30 to 4:30) 3/26/65

Examiners9

Conference Two-day meeting at Board, remarks, 9 : 1 5 a . m . . . . . . .

Welcoming opening 3/29/65

Meeting with President Called to meeting at noon. Present were Secretary

Dillon* Secretary Designate Fowler* Treasury; Gardner Ackiey* Council of Economic Advisers; Kermlt Gordon* Director of the Budget* and Mr. Martin. Met for hour and a half 3 /30 /65

President's Dinner for Dillon

Mais el and Fowler

Farewell dinner, President and Mrs . Johnson* the White House. 8 p . m . * black tie. Mr. and Mrs. Martin 3 /31 /65

George Stuart Luncheon . •

Called to the White House at 11:30 to vis it with Sherman J. Mais el of California. Remained for swearing -In by the President of Henry Fowler as Secretary of the Treasury. President then announced appointment of Mr. Malsel as member of the FRBoard* vice Mills . < , . . . . . • . . 4 / 1 / 6 5

Dr . Stuart and other Yale men Invited by him: Max Stevenson* Reginald Baroglnler, Bill Moore* Bill Hoof* and Mr. El l . And Albert Hinckley and Maurice F r e e ­man. Blue Room, 1 p . m . Off-the-cuff remarks 4 / 1 / 6 5

Berry Schools Meeting of board of trustees* 10 a . m 4 / 3 / 6 5

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FEDERAL RESERVE BOARD (Page 92)

Advertising Council . . . Washington Conference. On Economic Panel with Secy.

Fowler, Treasury; Secy t Connor, Commerce; and Chairman Ackley, Council of Economic Advisers* 11 - 12:15 noon. Red Cross Building, D«C. 4/6/65

Meeting with the President Present: Secretary Fowler and Under Secy Darning,

Treasury; Chairman Ackley, Council of Economic Advisers; and Mr. Martin. 4:45 -J:30 p . m . (Note: British budget released today) « • • • • • • • • • • • • • • 4/6/65

Dallas k San Antonio Boards at San Antonio.

Dinner, officers and directors • • • • • . . • . . . . < > . . 4 / 7 / 6 5 a . m . meeting and luncheon . . • • . » . • • • • « . < » • • • . • * • • • • 4 /8

Mid-town brokers IK bankers # . luncheon group, New York City. Off-the-cuff remarks . . 4 / 9 / 6 5

Chemical Bank, NYC. Advisory Board dinner, black tie, University Club,

Off-the-cuff remarks; Jacques Rueff also spoke . . 4 /14 /65

Auditors Conference, Opening, welcoming remarks of three-day bi-annual

conference, Room 1202, 9:30 a . m . . . . • . • 4 /21 /65

Insurance Investment Officers Group Luncheon, Carlton, 1:15 p . m . Off-the-cuff remarks•

Invitation through John Exter, F irs t National City. (Group in Washington visiting various Govt, o f f i c i a l s ) . . . • 4 /22 /65

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FEDERAL RESERVE BOARD (Page 93)

Visits with Elliott Bell , Business Week; Bob Roosa, Brown Brothers Harriman; and officials of New York Stock Exchange, Addressed group of brokers at luncheon . . . . . . . . . . . . . • • • . 4 /23 /65

Visits with officials of Wall Street Journal 4 /24

Addressed representatives of Real Estate Association • 4 /25

Rome Chamber of Commerce • • . Luncheon for 11 representatives from Rome Chamber

(here attending national meetings); Blue Room, 1 p . m . With Governor Shepardson • 4 /27 /65

Conf. of Governors Central Banks of the American Continent, Punta del Este f Uruguay. . . 5 / 2 - 5 / 6 5

Second conference. Via Rio dc Janeiro, Brasi l ia , Sao Paulo, Brazi l .

Addressed luncheon of American Chamber of Commerce Sao Paulo ; prepared text 4 /29 /65

Governor Mitchell a lso attended meetings of Governors, Punta del Esta Country Club, Uruguay.

M e s s r s . Ralph Young and Jim Nettles went as advisors .

Mr. Martin accompanied by Mrs . Martin (Mr. Mitchell by Mrs. Mitchell)

New York City . . . .

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FEDERAL RESERVE BOARD (Page 94)

Meeting with the President Quadriad group. Present: Secretary Fowler and

Mr. Vocker, Treasury; Chairman Ackiey and Member Okun, Council of Economic Advisers; Kermit Gordon, Director of the Budget; and Mr* Martin. Met until 2:50, when the President turned the group over to newsmen at the White House. 12:55 p. m. - about 3. . . . . . . • . 5 /10 /65

Savings Bond Conference

Society of American Business Writers . .

Luncheon of Chairmen. Washington Hilton Hotel, 12:30. Responded with brief remarks on introduc­tion • • . . . • • • • • . • . . • . • • 5 /12 /65

Sess ion of three-day meeting held at Federal Reserve Bank of New York. Off-the-cuff remarks on "Mone­tary P o l i c y - D o m e s t i c and Foreign." Question and answer period thereafter. 4:20 p . m . Invitation from Joe Livingston, Philadelphia Bulletin , and President of the Society 5 /13 /65

Eisenhower Discussion Group

Columbia University

Informal meeting at Tom Nichols1 home in Balt imore. Francis Wilcox (with whom Mr. Martin drove over and back); Milton Eisenhower; General Eisenhower; Arthur Burns, and others. From Friday dinner through Satur­day dinner . . • . . • 5/2; -22/65

Pre-Commencement dinner, President and Mrs. Grayso n Kirk; black t ie . Mr. and Mrs. Martin . . . . 5 /31/65

Addressed Annual Commencement Day Luncheon of Alumni Federation of Columbia University. Prepared text: 'Does Monetary History Repeat Itself ?M . . . . . . . 6/1

Commencement Exerc i se s , 3 p . m . Awarded honorary degree of Doctor of Laws . . • . . . • 6 / l

(the Martins then had dinner with Mr. and Mrs* Stanley Jacobs, their home, 7:30 p . m . )

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FEDERAL RESERVE BOARD (Page 95)

Expor t -Import Bank . .Advisory Board Luncheon. Invitation from Harold

L inde r . Off-the-cuff r e m a r k s , 12:30 at the Bank . 6/3/65

New York Universi ty .A t t ended Nichols Award C e r e m o n y - B o b Roosa was

rec ip ien t . . . . . . . • • • • • • • • • * • • . . • . • • • 6 / 7 / 6 5

P r e - C o m m e n c e m e n t Dinner , P r e s iden t and M r s . J ames H e s t e r . M r . and M r s . Mart in • • . • • • . • . . . . . 6 /8

a . m . Commencement E x e r c i s e s . Awarded honorary degree of Doctor of L a w s . Followed by luncheon . . . 6/9

Meeting with the P res iden t Quadriad group. P r e s e n t : S e c r e t a r y Fowler and Under

S e c r e t a r y Deming, T r e a s u r y ; Di rec to r Schultze, Budget Bureau; and Cha i rman Ackiey and Member Okun, Council of Economic A d v i s e r s ; and Mr . Mar t in . Met for hour and a half; then group met with the P r e s s 6 /10 /65

Excise tax reduction act Witnessed signing by the President, the White House,

4 p . m • 6 /21 /65

White House Dinner . . . . . President's informal, stag, dinner, the White House.

Selected members of the Cabinet and other Government officials, and labor and business officials . 7 p . m . (Governor Robertson from the Board also a t tended) . . . 6 /22 /65

Stonier Grad­uate School of Banking . . of Rutgers University, New Brunswick, New Jersey .

Commencement Address . Prepared text; Some Observations on Monetary Matters. 5 p . m . Awarded honorary degree of Doctor of Laws. Reception and dinner followed e x e r c i s e s . Accompanied by Mrs . Martin • • 6 /25 /65

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FEDERAL RESERVE BOARD (Page 96)

White House Luncheon . . . . . . . . President's luncheon for members of the

(^f^ffiule^'il^ffl'wltB-fl^ vlteiMHfWP" • •• 7 / l 4 / 6 5 luncheon)

New York Dinner Hosted by Manning Brown and Dick Paynter

for Tom Gates and John Meyer, new Chairman and President, respectively, of Morgan Guar­anty Trust. Union Club, informal, 7 p . m 7 /14 /65

Meeting with the President Newly organized Advisory Committee on Inter -

national Monetary Arrangements (at its organisa­tion meeting) met with the President for half an hour in the afternoon. Members of Committee, appointed by Secretary Fowler are: Douglas Dillon, Chairman; Robert Roosa, Kermit Gordon, Edward Bernstein, Andre Meyer, David Rockefeller, and Charles Kindleberger. Mr. Martin invited to attend meeting at 2 (through dinner and part of evening) 7 /16 /65

Republican Policy Committee • .Luncheon. At phone invitation from Senator

Sal tons tail. 12:30 p . m . . New Senate Conference Room 7/20 /65

New York Ted Visit , and luncheon (Bilby, Coombs, e tc . ; Hayes and Treiber away) 7 /30 /65

FRBoard's Field Examining . . Opening, welcoming remarks , 2-day meeting. Staff Room 1202, 9:30 a . m 8 /2 /65

Joint Press Conference . . . . . . re voluntary balance of payments program. Secy

Fowler , Treasury; Secy. Connor, Commerce; and Mr. Martin (accompanied by Governor Robertson and Clarke Fauver, ) Room 4121, Treasury, 4 p . m . Two statements released by Board: (1) statistical program information and remarks of Mr. Martin. Secretary Fowl er's remarks also released; as well as Secretary Connor's and a second Commerce state­ment 8 /17 /65

White House Dinner for Government officials and businessmen and

labor representatives (about 100 guests) . Pres ident's , the White House, 7:30 p . m . , stag, informal 8 /17 /65

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FEDERAL RESERVE BOARD (Page 97)

New York City . . . • . Guest of Harold Helm and Baxter Jackson at director

luncheon, Chemical Bank New York Trust Company 8 /19 /65

Federal Reserve Bank of New York; visit with Treiber, Coombs, etc. Governor Daane and Ralph Young also at the Bank . .< , . • • • . . • • • • 8 /20 /65

Salt Lake City F ir s t visit to Branch; accompanied by daughter, Cynthia

Sightseeing trip in Salt Lake, and dinner given by Joe Rosenblatt, his home • • • • • 9 / l / 6 5

10 a . m . joint meeting of directors, Salt Lake City Branch with San Francisco , followed by luncheon for directors , bankers, and businessmen. Off-the-cuff remarks 9 / 2 / 6 5

New York FRBank . . . Two-day visit; re final arrangements 10-nation agreement

for bolstering the pound • • • 9 /9*10/65

CEMLA . . . Trainee visit to the Board for week of September 13. Introduced Senator Javits , who spoke to the group, 8:30 a . m • o 9 /16 /65

White House D i n n e r . . . President's ,the White House, stag, informal, 7:30, for

Government officials, businessmen, labor leaders • * • . . . • 9 /16 /65

Berry Schools . . • Meeting of board of trustees

Executive Committee, 3 p , m 9/17/b5 Board Meeting, 10 a. m 9/18

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FEDERAL RESERVE BOARD (Page 98)

Meetings with the President . .• . Presidents9 Committee on the Balance of Payments

with the President, Cabinet Room. Present: Secy Fowler and Under Secy Deming, Treasury; Secy McNtmara, Defense; M e s s r s . Ball. David Bell (AID) and Tom Mann* State; Chairman Ackley and Member Okun, Council of Economic Advisers; A s s t . Secy Andrew Brimmer. Commerce; Deputy Director Elmer Staats, Budget; Francis Battor, White House; and Mr. Martin* From 11 a . m . - 12:30

Above meeting adjourned to President's office with Fowler t Deming, Ackley, Okun* and Martin in attend­ance. From 12:30 to 2:15 p . m . . 9 /20 /65

Dinner with Bertrand and Mr. Hermann, River Club, New York City 9 /22 /65

National Industrial Conference Board . . . . . . . Board Members Dinner, concluding one-day confer-

on Business in 1966. Off *the~cuff address , Waldorf Astoria, informal, 6 p . m . . . . . . . . . 9 / 2 3 / 6 5

Annual Bank and

Mat ing* 20th. Sheraton Park Hotel, Washington 9 / 2 7 - 1 0 / 1 / 6 5

Jacobsson Lecture „ » * , . . . Program Opening welcoming remarkso 3:30 p . m . State Department

Auditorium. Speakers: Bob Roosa and C.D.Deshmukh. (Note: p . m . , Burgesses dinner for lecture participants, their home. Mr. and Mrs . Martin) • 10 /1 /65

Georgetown Forum Afternoon (2 p . m . ) sess ion on the Outlook, and Monetary,

F i sca l and Debt Management Po l i c i e s . Georgetown University • • • 10 /2 /65

White House ^n Dinner • . P r e s i d e n t s , the White House, stag, informal, 7:30, for

Government officials and businessmen (some members of Federal Advisory Council included) • • . • o . . * 10 /5 /65

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FEDERAL RESERVE BOARD (Page 99)

White House Meeting . . . . Quadriad group with the President, Cabinet Room, the

White House, 1:55 p . m . to 3:55 p . m . Present: S e c r e ­tary Fowler, Under Secretary Deming, Deputy Under Secretary Volcker, Treasury; Chairman Ackiey and Member Okun, Council of Economic Advisers; Director SchulUe of the Budget Bureau; and Mr. Martin 10 /6 /65

Boeschenstein dinner . . . . New York City, 7 p . m . , informal, the Links Club.

Guests included Hermann Abs, Secretary Fowler, e t c . . . 10 /6 /65

Academic Advisory Group Day-long meeting with Board (their fifth) and luncheon.

Board1 s building • . . . . . . . 10/7/65

Business C o u n c i l . . . . meeting at the Homestead, Hot Springs, Virginia. . . . . . 1 0 / 1 5 / - 1 7 / 6 5

off-the-cuff remarks, a . m . sess ion « • • • • 10/16

Book Review . . . . of Dean Acheson's book, "Morning and Noon. M Requested

by Alfred Friendly; published in Washington Post of Tuesday, October 26 . . . . e . . . . . . . . 10/26/65

Philadelphia FRBank . , a . m . board meeting and luncheon. Off-the-cuff remarks

11/4 /65

National Geographic Society trip in celebration of 30th anniversary of Stratosphere

Hight of EXPLORER II in 1935 . 11 /10-14/65 by air to AFBases at Offutt, Nebraska; Ellsworth, South Dakota (also South Dakota School of Mines, Mt. Rushmore); Edwards, Mojave Desert . Calif; Vandenberg, California; NORAD, Colorado Springs; and Air Force Academy.

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FEDERAL RESERVE BOARD (page 100)

Joint Pres s Conference . re third-quarter balance payments figures* Martin and

Robertson, Board; Secretary Fowler, Treasury; S e c r e ­tary Connor, Commerce . Rm. 4121 Treasury. Board statistical re lease and personal statements of Fowler and Connor. 2:15 p. m 11/17/65

New York Fed and Financial Fol l ies . . Meeting with Mr. Hayes and Mr. Coombs (also Governor

Daane and Ralph Young; Hayes9 office, 9:45 a . m . . . . . . . 11 /19/65

New York Financial Writers1 Association Financial Fol l ies dinner; 7:30, black tie, Grand Ballroom, Hotel Astor . • • . . . . . . • . . • • • • • . • • • • . • , 11/19

Boston FRBank 10:30 a . m . directors reunion meeting and l u n c h e o n . . . . 11/22/65

Lewis It Clark College , Portland, Oregon. Visit with group of 22 students

headed by Professor Donald Balmer . (Clark Blight, one of the students, son of c lose friend of Al Beeson . ) With JLyle Gramley, R k S. 2:30 p . m . Board Room . . 11/30/65

Chairmen's Conference Two-day # annual, Board's building . . . . . . . . . . 12/2*3/65

Preceded by Mr. Martin's dinner for Chairmen and Deputy Chairmen (20 of the 24) and Governor Balderston and Mr. Sherman, informal, 7 p . m . , Alibi Club . . . . 12/1

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FEDERAL RESERVE BOARD (Page 101)

Joint P r e s s Conference re balance of payments. Cabinet Room, White House,

10:15 a . m . Martin and Robertson; Secretary Fowler , Treasury; Secretary Connor, Commerce; Secretary MacNamara, Defense; and David Bel l , AID. FRB re lease of new guidelines for financial institutions for 1966; Fowler , Mac Nam ar a and Bell statements; and Commerce progress report . . . . 12 /3 /65

Visit with the President at LBJ Ranch in Texas* With other members of the

Quadrlad Qroup--Secretary Fowler, Treasury; Chairman Ackley, Council; Director Schultse, Budget--met with President, and then alone. With President Johnson met press and TV press at the ranch* (to and from ranch via Coast Guard plane, leaving at 7:30 a . m . , returning 8 p . m . ) . . . . 12 /6 /65

Life Insurance Association . . of America , luncheon, 59th annual meeting. Waldorf,

New York City, 12:15 p . m . Prepared Address: The Federal Reserve 1 s Role in the Economy 12/8 /65

New York Institute of Finance • • Christmas luncheon. Coachmen's Restaurant, N Y C . . 12 /9 /65

BUI Knox pre -Christmas Luncheon . . . , University Club, NYCity, 12:15.* . . . . . 1 2 / 1 6 / 6 5

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FEDERAL RESERVE BOARD (Page 1

1966

Alfalfa Club . . 53rd Annual Dinner, Statier, black tie, 7:30 p . m .

Guests: Governors Baiderston, Shepardson, and Daane.

Mr, Martin "nominated" as candidate for President on the Alfalfa Ticket. Prepared acceptance speech (with some ab libs substituted) . 1/22/66

Meeting with the President . . Off-the-record, 6 to 9 p . m . . . • . . . • « • • • • • 2 / 1 / 6 6

Savings Bonds Luncheon., at the Board, for State Chairmen. Welcoming remarks;

talk by Chairman Randall of the FDIC, Board's dining rooms • • » . . . . . . « . . • « • « » . . o 2 /9 /66

Dinner for Harold Helm given by Jim Oates, the Links Club, New York City,

6:30, black tie 2 /10 /66

Berry S c h o o l s . . . . . Meeting of board of trustees . . . « • . . . . • * « • . • . . • 2 /12 /66

Joint P r e s s Conference • re balance of payments (fourth quarter 1965 figures).

Treasury, 2:30. Martin and Robertson; Secy Fowler; and Secy Connor. Statements to the P r e s s : Secy Connor and Commerce Department; remarks of Secy Fowler; statement erf Governor Robertson 2 /14 /66

FAC DINNER Mr. M a r t i n i informal, Alibi Club, 7:30. Council Members: Simmen, Moore, Petersen (for Day), Stoner, Watlington, Fleming, Bodman, Brinkley, Moorhead, Knight, Stewart, Cook; and Prochnow and Korsvik. Board Members: Baiderston, Robertson, Shepardson, Mitchell, Daane and Maisel; and Merritt Sherman. and Under Secy of the Treasury Deming (total of 2 3 ) . . . 2 /14 /66

Meeting with Pres ident . .Off - the-record. 1:30 p . m 2 /16 /66

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FEDERAL RESERVE BOARD (Page 103)

Joint Economic Committee • • • • . Reception and dinner, closing d a y l o n g economic

symposium commemorating the 20th anniversary of Employment Act of 1946. Invitation to Mr. & Mrs . Martin by Chairman Wright Patman; head table guests , informal, Hilton Hotel . . . . . . • . • 2 /23 /66

Chamber of Commerce . . . . . o f the United States . Luncheon in connection with

meeting board of directors . Off-the-cuff, off-the-record remarks . Chamber building, D . C . 2 /24 /66

Academic Advisory Group . . • . • • . . Full-day meeting with Board (6 th), and luncheon.

Board's building • • • • • • • • * . • . < 3 /3 /66

Staats swearing-in . . • Ceremony in East Room, White House. Elmer B.

Staats sworn in by the President as Comptroller General of the United States (formerly Deputy Director of the Budget); 12 noon. • • . . . • • • • • • • • » • • • • . 3 /8 /66

Brimmer swearing-in • • . . a s Member of the Board of Governors of the Federal

Reserve System. East Room, the White House, 10:30 a . m . Oath administered by Mr. Martin (Mrs. Martin a lso attended.) . . • . . . . • • . . • • . , 3 /9 /66

New York Elihu Dinner • • . Regional Associat ion, Union Club . . . . • . # . . 3 /10/66

Gridiron Dinner Guest of Pete Brandt* 7 p . m . , Statler. White t ie, . . 3 /12/66

(Mr. and Mrs. Martin also attended luncheon on Sunday, 3/13 given by the Marquis Childs; and post-Gridiron reception at the Statler, 5-7:30)

Yale Club of D#C • Annual dinner. Mr. and Mrs . Martin attended. Yale

Bowl presented by Dean Acheson to Senator John Sherman Cooper. Black tie, Willard, 7 p , m 3 /13 /66

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FEDERAL RESERVE BOARD (Page 104)

Examiners C o n f e r e n c e . . . Opening, welcoming remarks , beginning of two-day

meeting at Board of representatives of Bank Exam­ination Departments of the FRBanks, Room 1202 9:15 a . m . . . . . • . . . . . . . . . . . . . . . .

Director Day

3/21/66

Thirteenth, at the Board

Dinner, informal, Stater, Speaker: Br ig . General Edwin F . Black. U . S . A . (on Vietnam) 3 /23 /66

Breakfast, Statler, 7:30 a . m »• 3 /24 D a y l o n g meeting and luncheon, Board; concluding

remarks • • o . . . . . * . « . « . . « . . o . . . . . . . . . 3 /24

Meeting with the President *« - Off-the-record, Cabinet Room, the White House.

5:30 - 7:15 p .m. Present; The President; Vice President Humphrey; Secretaries Fowler (Treasury); Connor (Commerce); McNamara (Defense); Wirtz (Labor); and Freeman (Agriculture); and Chairman Ackley, Council of Economic Advisers; S?m Hughes, Budget Bureau; Califano and Valenti, the White House staff; David Ginsburg; Kermit Gordon (former Council member); and Mr. Martin 3 /25/66

White House Correspond* ents Dinner Guest of Jack Wooldridge, Editor, Nation's Business

(publication of Chamber of Commerce) . Sheraton Park, 7:45 p. m. t black t ie . Vice President Humphrey, rank­ing guest 3 /25 /66

Baxter Jackson Dinner. . Annual game dinner, his home, New York City 3 /28 /66

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FBPB1AL lESEEVZ 80A1P (Page 105)

White House Dinner • •... President's informal, stag, dinner for Government

officials end businessmen. 6:30 p.». ...................3/28/66

ABA Symposium..• on Business-Government relatione. Mayflower Hotel,

All-day meeting and luncheon. Attended luncheon . . . . • . • . 4 / 1 / 6 6

National Assn. Real Eetate Boards ••.•••Luncheon In connection with annual Spring Legisla­

t ive Conference. Mayflower Hotel* Invitation from John C. Williamson. Off-the-cuff rcmarke . . . . . . 4/5/66

Conf. of Governor* Central Banks . . • . . of the American Continent (third), Jamaica 4/21*23/66

Accompanied by Mrs . Martin. Governor Mitchell, Ralph Young, Jim Nett les , and Bob Sammons a l so attended*

Addressed closing sess ion on 4/23 on the U .S . bal­ance of payments situation and monetary policy.

(this meeting preceded by meeting of Governors of Central Banks of Latin America *> 4 /19*21 .

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FEDERAL RESERVE BOARD (Page 106)

President's Labor Management Advisory Council . . . . . . . Dinner* preceding two-day meeting, and honoring

Ambassador Arthur Goldberg* With the President. Informal, stag, 7:30. White House Mess* Invitation from A s s t . Secy Labor James Reynolds. Present: Mr. Martin; Secy Wirts and A s s t . Secy Reynolds. Labor; Secy Connor. Commerce; Amb. Goldberg; Joe Barr, Treasury; Gardner Ackley, CSA; Joe Califano, White House; Tom Watson. IBM; Bev ( W . B . ) Murphy. Business Council; Ward Keener. Goodrich; Walter Reuther; I. W. Abei t United Steelworkers; Joe Keenan. MIT; Meredith Wilson, O. of Minnesota; George Taylor. Wharton (and labor arbitrator); and Bi l l Simpkin. Speakers: The President, Tom Watson. George Taylor, Walter Reuther and Ambassador

international °**»*9 5 /3 /66

ConlTre.f ? ^ . . . Banquet (at end of . . r i e . of meet ing . ) . Off-the-cuff C < m g T * eddres s . Waldorf, black t ie . Invitation from Grover

Enslcy. Natl. Associat ion Mutual Savings Banks. Adcompanied by M r s . Martin 5/4/ofe

Meeting

President The White Mouse. Present , in addition to Mr. Martin: Joe Califaao. White House; George Ball , State; S e c r e ­tary Fowler , Under Secretary Doming, and Winthrop Knowlton, Treasury; Gardner Ackley, Council of Economic Advisers; and Charlie Schultae, Budget Bureau. 6:30 to »:10 p .m 5 /11 /66

Business Council Hot Springs. Virginia. (Accompanied by M r s . 5 / 1 2 / - i S / 6 6

Continued on page 107

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FEDERAL RESERVE BOARD (Page 107)

Morocco

ABA Monetary Conference. Madrid

and

Atlantic Council Conference, Geneva

St. Albans Commence* meat

(Accompanied by Mrs . Martin.)

Official visit and tour of Morocco; arriving at home of American Ambassador Henry Tasca in Rabat 5 /18 /66

Tour of Meknes, Marrakech, Casablanca, where departed for Madrid 5/23

Participated in ABA's Thirteenth Monetary Conference, Madrid and Granada, Spain 5 / 2 3 - 5 / 2 8

On panel (Session 11), "The International Balance of Payments and Monetary P o l i c y - R e c e n t Develop­ments and Prospects . " Chaired by Rudolph Petersen; other panelists; Karl Bless ing , P ierre Caivet, The Earl of Cromer, Gimiaen Torres; and Marius Holtrop. a. m • 5/25

Conference cm Atlantic Investments and Business Operations of Atlantic Council, Geneva 5 /29*6/1 /66

Address . Extempraaeous. Bill III among the 49 graduates, a. m. . . . . . • . • . . . • . « 6 / 4 / 6 6

Richmond FRBank . Joint meeting of boards of Richmond and Baltimore

and Charlotte Branches (preceded by dinner evening of 6 /8) , a. m . , followed by luncheon. . . . . . . . . . . . . 6 / 9 / 6 6

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FEDERAL RESERVE BOARD ( P a g e 1 0 8 )

Middlebury Commtnct -ment . . . . . . . . .Cynthia * graduate.

Dinner. Mr. and Mrs . Martin, with President and M r s . James Armstrong, p. m. Sunday . . . . . . # . . . . 6 /12 /66

a . m . Commencement E x e r c i s e s . Awarded honorary degree of Doctor of Laws . . . . . . . . . . . . . 6 /13

Mr. and Mrs* Martin, Cynthia. Diana, and BUI Board with lunched with President and Mrs . Armstrong 6/13 Academic ^ Advisory Group . . . « # « . . . Day-long meeting and luncheon. President ElUalde

of the Central Bank of Argentina also at lunch 6 /15 /66

Meetings with the President F ive minutes alone with the President (when Mr.

Martin went to the White House for scheduled meet ­ing that was then postponed until June 27) 6 /25 /66

Meeting with the President, 6:20 - 8 p . m . Present: Mr. Martin; Joe Callfano, White House; Secretary Fowler , Treasury; Secretary McNamara. Defense; Chairman Ackiey. Council of Econorate Advisers; and Budget Director Schultse . 6 /27 /66

Annual Meetings, IBRD fc I M F . . . . . Sheraton Park Hotel, Washington, D . C. Participated

as member of U .S . Delegation 9 /26-30 /66

Chemical Bank New York dinner, hosted by Baxter Jackson and Harold

Helm, for two members of Bank's International Advisory Board--Lord Cobbold and Lord Sinclair. The Links Club, 7 p . m . , black tie 10 /5 /66

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FEDERAL RESERVE BOARD (Page 109)

Memphis Branch, St. Louis FRBank .Dinner, officers and directors 10/12/66

Joint meeting of boards, Atlanta and Memphis, followed by luncheon for area businessmen and bankers (off the cuff remarks) . 10/13

New Orleans Branch, Atlanta FRBank . . . . . . . Dedication of new branch building; joint meeting of

boards of Atlanta and New Orleans, followed by luncheon (off the cuff remarks) and dedication of new building . . 10 /14/66

U.S .News and World Report luncheon with editors, for background. Accompanied

by Charlie Molony. U .S . News Building, 12:30. Invitation from George Cruikshank. Also present: ©wen Scott, Executive Editor; Ben Grant; George Bolton; Charlie Piatt; BUI Bryant; Phil Boll inger, etc 10/19/66

Academic Consultants . . . . with Board (8th meeting).

Afternoon sess ion (at 3) and informal dinner, Board1 s building 10/20/66 Day-long meeting and luncheon » . • • • • • * 10/21

Business Council Hot Springs. Accompanied by Mrs . Martin • • • • • p . m . 10/21*23/66

St. Louis Investment Bankers A s s o c i a t i o n . . . . . Luncheon with partners of A. G. Edwards IK Co.

(presented with s i lver tray) • . . o . . • • • 10/27/66

Off-the-cuff remarks to Miss iss ippi Valley Group of Investment Bankers Association (at its Annual Meeting); Ben Edwards, Chairman of the Group, p. m. . . • 10/27

Harvard U n i v e r s i t y . . . . . . Luncheon and visit with Harvard's Visiting Committee

of Graduate School of Business Administration (invita­tion from Dean George Baker). Participated in ceremonies in naming building for former Secretary of the Treasury Robert Anderson. Off-the-cuff remarks on Mr. Anderson's public service career • • • • • • • • • • • • . • « • • • • • • * • • 1 0 / 3 1 / 6 6 Digitized for FRASER

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FEDERAL RESERVE BOARD (Page HO)

Johns Hopkins University .Off-the-cuff, off-the-record seminar; first of ser ies

sponsored by the University with Baltimore area businessmen. Invitation from Milton Eisenhower, President of the University. 4:30 p . m . , fol lowed by dinner at the Chuck Garlands. 11 /2 /66

New York Times Luncheon with editorial board (New York City).

invitation from Arthur Ochs Sulzberger 11/4 /66

Meeting with the President Bethesda Naval Hospital. Half hour alone with the

President (12 noon to 12:30), followed by meeting with Quadriad group: Secy Fowler , Treasyr; Budget Director Schultce; and Acting Chairman of Council of Economic Advisers Okun. Followed by discussion with P r e s s , with Secretary Fowler as spokesman . . . . . . . . . 11 /17/66

Chairmen's Conference . • . .Two-day meeting. Board's building . • • . . . . . • . • . . . • . . .

Mr. Martin's informal dinner for Chairmen and Deputy Chairmen (20 of the 24) and Gov. Robertson and Mr. Sherman, Alibi Club, 7 p. m <

Board's Luncheon and dinner (speakers: Bil l Bundy and Fred Deming • • • • • . . • • • . .

Eisenhower Discussion Group . . . . . . . . Informal meeting at home of Tom Nichols in Balt imore.

President Eisenhower, Milton Eisenhower, Steve Saulnier, Arthur Burns, Francis Wilcox, e tc . From Friday evening through Saturday evening . . • • • * . . . . . . .12 /2*3/66

CED Dinner • • . Informal, in connection with new policy statement. The Dollar and The World Monetary System. Madison H o t e l . . 12 /5 /66

Meeting with the President his office, with Secretary McNamara and Gardner Ackley;

Joe Califano acted as secretary for part of meeting, 5:30 - 7:30 p . m • 12/12/66

12 /1 -2 /66

1 1 / 3 0 /

12/1

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FEDERAL RESERVE BOARD (Page 111)

BUI Knox pre-Christmas luncheon . 20th annual. Sky Club, 200 Park Avenue, 12:15 . . . . . . . 12 /14 /66

New York FRBank Vis i t with Mr. Hayes and luncheon (with d i r e c t o r s ) . . . . 12 /15/66

1967

New York Visit at F e d e r a l R e s e r v e Bank of New York (breakfast meet ing with Bob Roosa) 1/13/67

Alfalfa Dinner 54th Annual, S ta t l e r , black t i e . Gues t s : Govs .

Rober t son , Shepardson, and Mitchell (who was unable to go because of i l lness) • • • • . . . . • •«« • 1/21/67

The Over seas Bankers Club .London. At invitation of Si r Cuthber t Clegg t P r e s i d e n t ,

a d d r e s s e d Annual Dinner at Guildhall . 7:30 black t i e . P r e p a r e d text: "Internat ional Respons ib i l i t i es of the F e d e r a l R e s e r v e . " 1/30/67

White House Dinner • P r e s i d e n t ' s and M r s . Johnson ' s for King Hassan of

Morocco . 8 p . m . , black t i e . M r . k M r s . M a r t i n . . . . 2 / 9 / 6 7

International ^ Group Club . . . .Visit to the Boa rd . M r s . Mart in and about 20 l a d i e s - -

Wtfi*» of foreign a m b a s s a d o r s to the U . S . , Sena to r s , e t c . welcomed by M r . Mar t in his office; brief talk by M r . F a u v e r in Board Room, followed by question and answer per iod , in which M r . Mart in joined; tea in staff dining r o o m . 3:30 - 5 p . m 2 /15 /67

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FEDERAL RESERVE BOARD (Page 112)

Business Council Dinner sess ion of D . C , meetings . Off-the-cuff

address . Informal, 7 p . m . , Chinese Room, Mayflower Hotel • • • • • • • • • • • • • • • • • 2 /15 /67

Colgate University . . . . p o l i t i c a l science seniors , "interning" for spring

semester in Washington and visiting various Govern­ment departments. At request of Dan Brill (whose son is at Colgate) talked informally to the group. 4 p « m « , Room 3234, Board's building • • • • • • 2 /16 /67

Academic Advisory Group . . . . • • • Meeting with the Board (it's ninth). All -day meeting

and luncheon (Board's bui lding) . . •• • • . • • . . • • • • 2 /17 /67

The Berry Schools Meeting, Board of Trustees , 9 a # m . . • • • • • •<>• • a • • • • • • 2 /18 /67

Federal Advisory Council Meeting with Board, 10:30 a . m • . . • . • . • . •• 2 /21 /67

Note: Mr. Martin's usual, annual dinner for members of Council and Board changed to a Board dinner for the group (and some Board staff), Board's building, 6:30 p .m . . . • . . • • • • • • • • • • • • • . • 2 /20 /67

International Division A . S . F . . . • • • • Reunion dinner, arranged by General Olmsted. Army

N avy Club (in town), informal, 6:30 • • . . . • . • . . 2 /21 /67

National Geographic. • •Vis i t of Board Members and Research Committee to

Institute of Marine Science, University of Miami, for dedication of new Gilbert Grosvenor Memorial Bldg 2 /22 -24 /67

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FEDERAL RESERVE BOARD (Page 113)

New York Regional Association of Elihu Annual Dinner. Union Club, NYCity,

7:15 p . m . , black tie • • • . . « • • . , . • 3 /9 /67

Gridiron D i n n e r * • • . . Guest of Earl H. Richert, Scripps-Howard,

Statler, 7 p . m . , white t ie . . # 0 # . . # # a m 9 # # « # # 0 # # 3 /11 /67

Mr. and Mrs . Martin attended post-dinner recept ion, 5-7:30, Statler, at invitation of Mr. Richert • • • • . . # • 0 . # # # # 3 /12 /67

Meeting with the President . p . m. - re reappointment 3 /14/67 M.l . T. Senior Executives Program # . . sponsored by Brookings Institution. Group mtg.

in Washington for Seminar on Federal Govern­ment Policy and Operations. Arrangements -'»* through Peter Malof, Brookings. 4 - 5 p . m . . Board Room. • . . . . . • . • 3/20/67

Director Day « . o . Fourteenth Annual at the Board. Breakfast,

day-long meeting, including luncheon; con­cluding off-the-cuff remarks . . * . . . „ . 3 /23 /67 Preceded by informal dinner, Sheraton Carlton, speaker: Arthur Okun, Member, Council of Economic Advisers »•.*« *o . . . . . . * • • • . 3/22

George Champion Dinner . . . * • • for meeting of New York bankers (one officer

from each of major banks) with Secretary of Meeting with Treasury Fowler . Links Club, 7 p.rn « . . . 3 /23 /67 the P r e s i d e n t . . . . . . p . m . - r e r e a p p o i n t m e n t . . . . . . . . • . • • • • . . . • • . • 3 / Z 8 / b 7 Reserve City Bankers Assn . . . . . . D i n n e r ses s ion , annual meet ing,Boca R a t o n . . . . 4 / 3 / 6 7

ABA • . « . . • „ . . . . . „ Symposium on M oney. Interest Rates and Economic Activity. Sheraton Park Hotel, Attended morning sess ion (9:30) and l u n c h e o n . . . 4 / 6 / 6 7

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FEDERAL RESERVE BOARD (Page 114}

P r e s s Luncheon . . . . with ,JGNPn press group. Madison Hotel 12:30. Off-the-record, off-the-cuff remarks . Accompanied by Mr.Molony . . . . . . 4 /14 /67

New York City Bankers • • * • o *. o • . • Breakfast at Mayflower, 8 a. m. Invitation

from Qabe Hauge. Off-the-cuff r e m a r k s . . . . . 4 / 2 0 / 6 7

Insurance Investment Officers ••» » . 0 . *««• Luncheon. Invitation from John Exter. Off-

the-cuff remarks, 1:15, Carlton . . . . . . . . . . . 4 /20 /67

Center for Strategic Studies . . . . . . . . . . . . . Georgetown University. Luncheon of annual

joint Executive/Advisory Board. Invitation from Admiral Arieigh Burke . . . . . . . . . * . . . . 4 /21 /67

BUSINESS WEEK . . . . C o v e r and article - 'Inflation's arch-enemy at the Fed . Issue of • • o. • 4 / 2 2 / 6 7

Meeting with the President . . . . . . 1:30 p . m . (later - 7 p . m . - announcement

made of appointment of U illiam W. Sherrill to the Board) . . • • . , . . • • • • . . . 4 / 2 2 / 6 7

Columbia University«•.<,««•<>.• Graduate Economics Society* Off-the-cuff

remarks , 4 p . m . Invtta&cn from Cynthia Brown . . . . . . . . . . • • * • . . . . *. 4 /26 /67

Weinberg dinner • . . for Gordon Metcalf of Sears Roebuck* Fifth Avenue Club, New York City•• • . • • • • • • • • • . • 4 / 2 6 / 6 7

NEWSWEEK . . . . . . . Luncheon with editors and editorial staff, Fifth Avenue Club, New York City, 12:45 . . . . . 4 /27 /67

NEWSDAY . . . . . c . . . Garden City, Long Island. Luncheon with editors and editorial staff. Invitation from Bil l Moyers . Off-the-cuff, off-the-record remarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 / 2 8 / 6 7

Sherill Swearing i n . . a s Member of the Board. Oath administered by Mr. Martin. 3:30 p . m . , Board Room 5 /1 /67

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FEDERAL RESERVE BOARD (Page 115)

House Republican Committee on Western Al l iance . . .Informal meeting with group, at invitation of

Congressman Paul Lindley. 12 noon «• •««.»» <,»<> 5 /3 /67

Brookings . . o o o * o . Institution. Trustee dinner. Off-the-cuff off-the-record remarks . 7:30, informal, at Brookings . .<»•• . . • * * « « « • « « , , . o . < , » o , « * . , * . « « . 5 /4 /67

Republican Congressional Adminis trative Assistants . , « • • • • Informal discuss ion. Invitation from John Calkins,

Executive Assistant to Congressman Robison. Congressman Halleck's office (who attended, with Hale Boggs), 6 p . m . Rayburn House Office Bidg*. 5 /9 /67

Business Council . • o • • o • • • o * Meeting at Hot Springs, (accompanied by Mrs .

Martin) . 0 • . * • . • . 5 / 1 1 -14/67

New York Stock Exchange 175th Anniversary Symposium celebration;

Prepared talk at luncheon (closing) s e s s i o n . New York State Theater, Lincoln Center, 1 p . m . . . 5 /16 /67

Dais guest, dinner honoring Walter Frank, re t ir ­ing as Chairman of the New York Stock Exchange Waldorf, black tie, 6:30 5/16

PeterEdson P r e s s Luncheon G r o u p . . . . Off-the-cuff, off-the-record remarks at luncheon,

Sheraton Carlton, 12:45 p . m . 5 /18/67

Advertising Council . • Washington Meeting. Participated in panel d i s -

cuss ion. D . C . Red Cross Bldg . , 3*5 p .m 5 /23 /67

Jeff McNeill bankers dinner with Secretary Fowler . 350 Park Avenue, 7 p . m . . 3 / 2 5 / 5 6

•m

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FEDERAL RESERVE BOARD (Page 116)

Central Bank Governors Fourth Reunion of Governors of Central Banks of

the American Continent. Mont Gabriel Lodge, Canada. Participated in discussion, first sess ion , 5/27, on 'Recent experiences in the control of in­flation, the role of monetary, f iscal and other pol ic ies . 1 1 Governor Mitchell a lso attended; and Bob Solomon and Bob Sammons. Mr. Martin accompanied by Mrs . Martin 5 /26 -29 /67

Meeting with the President . • * . » . . Attended by Joe Caiifano; Secretary Fowler;

Chairman Ackley; Budget Director Schultze; and Mr. Martin. 12:20 to 1:30 p . m . . . . . . . . . . . . • 6 /5 /67

B . l . S . Annual Meeting . . . . . • • • . . . Bas le , Switzerland. Accompanied by

Mrs . Martin 6 /12 /67

Academic Advisory Group • • • . . . • . • • • • • with the Board. Day long meeting and luncheon,

with Reginald Maudling as luncheon speaker. Preceded by informal dinner in Board's building evening before (6/20) . . . . . . o . . . . . . . . . . . . 6 /21 /67

Berry Schools . . . . . . e . . . . Meeting, Board of Trustees , and dedication of

Katd Macy Ladd Health Center 6 /24 /67

Toledo Rotary Club. . Luncheon address , off the cuff. Prepared summary. Invitation from John W. Snyder; followed by small dinner with area businessmen . . . o . « . . 6 /26 /67

George Moore Bankers Dinner . . . . .with Secretary Fowler . Hosted by George Moore,

First National City Bank at 399 Park Avenue 7 /12 /67

Ministers and Governors of Group of T e n . . . . . . . . M e e t i n g s in London. Accompanied by Governor Daane,

Deputy, and Bob Solomon; and with Fowler, Deming, etc 7 /16-19 /67

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FEDERAL RESERVE BOARD (Page 117)

Meeting with the President • • » . . • • • . . Present: Secretary Fowler (on the P r e s i d e n t s

left); Mr* Martin (on the President's right); Chairman Ackley; Director Schultze; and Joe Caiifano. 1:45 - 4 p. m 7 /21 /67

Senate Republican Policy Committee . . . . . . . . . Luncheon, Invitation from Senator Hickenlooper,

Chairman, 12:30. Rm, S-207, Capitol Bidg 7 /25/67

Ministers and Governors of Group of Ten Meeting in London, Accompanied by Governor Daane,

Deputy, and Bob Solomon; Fowler, Deming, etc . o 8 /25/67

Meeting with the President , • • . . oao . On return of U. S. Delegation to the meeting of

Ministers and Governors of the Group of Ten; helicopter met plane and took group to Uhite House for meeting with the President and the P r e s s , 5:15 p . m * • . « • 8 /28/67

New York FRBank • • • • Visit with President Hayes and luncheon; also

luncheon 9/2 with bankers group . # . o . . • . 9/1*2/67

Cleveland FRB and branches Dinner for directors of Cleveland and its Cincinnati

and Pittsburgh branches; Rolling Rock, Ligonier, Pennsylvania. Off-the-cuff remarks. Chairman Joe Hall fs last year . 9 /13/67

National P r e s s Club Head table guest at luncheon; Secretary Fowler,

speaker 9/21 /67

IMF AND IBRD 22nd Annual Meeting, Rio de Janeiro, Brastt. Accompanied by Mrs. Martin 9 /23-10 /1 £7

Venezuelan Central Bank Official visit . Accompanied by Mrs. Martin 10 /2 -3 /67

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FEDERAL RESERVE BOARD (Page 118)

New York FRBank Visit (on return from Rio and Caracas) 10 /5 /67

Pan American Union Informal remarks, luncheon group, New York City . . . 10/6 /67

Meeting with the President . . . 6:30 p . m . With Secretary Fowler, Treasury; Chair-

Ackley, Council of Economic Advisers; Budget Director Schultze; and Joe Califano, White House 10/10/67

Council for U. S. Invest­ment Community. . . Off-the-cuff address, dinner sess ion, on "Integrity of

the U. S. Dollar. " 7 p . m . , State Department 10/13/67

Washington Evening Star Luncheon with Editor Newbold Noyes and staff 10/17/67

Business Council Hot Springs, Virginia (not Mrs . M. ) 10 /19-22/67

Chicago FRBank . . . . Morning meeting with directors, preceded by dinner

evening before 10/26-27/67

Minneapolis FRBank Off-the-cuff address , dinner sess ion, Bank sponsored

meeting on balance of payments 10/26/67 a. m. meeting, Minneapolis directors. 10/27

Bill Moore Bankers dinner New York City; with Secretary Fowler. Bankers Trust

Company 11/1 /67

Dallas FRBank Dinner with area bankers and businessmen; off-the-cuff

remarks, Baker HoteL 11 / 8 / 6 7 Meeting, boards of directors, Dallas with branches, a . m . 11/9

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FEDERAL RESERVE BOARD (Page 119)

Meeting with the President With Secretary Fowler, Treasury; Arthur Okun,

Council of Economic Advisers; Ed Fried, and Walt and Gene Rostow, State. 4 - 5:30 p. m 11/13/67

American Petroleum Institute . . Addressed morning sess ion, 47th Annual Meeting,

Conrad Hilton Hotel, Chicago. Prepared "Summary of Remarks" 11/15/67

Meeting with the President .

Meeting with the President .

2:45 p . m 11/17/67 Present: Wilbur Mills , Speaker McCormack, Cal Albert, George Mahon, Hale Boggs, and Mr. Martin, Secretary Fowler, and Budget Director Schultee. Meeting adjourned at 3:30 p. m. , with five legis lators l isted above leaving the meeting. Remaining parti­cipants joined by Arthur Okun, Council of Economic Advisers; Joe Barr and John Petty, Treasury; and Ed Fried, White House. At 4:30 p . m . , Secretary Fowler, Under Secretary Barr, and Mr. Martin left the meeting and drove to the airport to meet with Wilbur Mills; saw Mr. Mills off on 5 p. m. plane.

(Saturday) 4:30 to 6:35 p. m 11/18/67 Present: Senators Russell Long, Mike Mansfield, and Clinton Anderson; Representatives: Speaker McCormack, Hale Boggs, Al Ullman, and George Mahon; Joe Califano, White House; Arthur Okun, Council of Economic Advisers; Budget Director Schuitse; Secretary Fowler and Under Secretaries Barr and Deming, Treasury; and Mr. Martin. Mr. Martin addressed the group re the credit markets.

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FEDERAL RESERVE BOARD (Page 1

Meeting with the President 8:30 a . m . Mr. Martin and Secretary Fowler. 11/19/67

(Sunday)

Meeting with the President Cabinet Meeting, 12:45 p. m

Present: Dean Rusk (State); Joe Fowler (Treasury); Bob McNamara (Defense); Ramsey Clark (Attorney General); Larry O'Brien (Postmaster General); David Black (Interior ?); Orville Freeman (Agricul­ture); Alex Trowbridge (Commerce); Willard Wirta (Labor); John Gardner (HEW); Dick Helms (CIA); Jim Webb, (NASA); and Mr. Martin. In the background: Gardner Ackley and Art Okun, Council of Economic / d v i s e r s ; ana Joe Califano, White House. Mr. Helms reported on Vietnam to open the meeting; and was followed by Fowler for 5 minutes; Mr. Martin for 5 minutes; Ackley for 3 minutes; and the President for 10 minutes.

11/20/67

Meeting with the President

Washington Post

5 p . m 11/20/67 Present: Senators Carl Hayden, Dick Russell , Mike Mansfield, Everett Dirksen, Milton R. Young, George Smathers, Harrison Williams, Thomas Kuchel; and Congressmen: Speaker McCormack, John Byrnes, George Mahon, Gerald Ford, Hale Boggs, Melvin Laird, James Burke, and Frank Bow. In the background: Under Secretaries Deming and Barr, Treasury; Gardner Ackley and Art Okun, Council of Economic Advisers; and Joe Califano, White House* Next to the President, Martin and Fowler.

Luncheon with Mrs* Graham, and Phillip Geyelin, Harvey Segal, Hobart Rowan, Frank Porter, Merle Pusey, and Mel Elfins (Newsweek). 1 p . m . , Post Building. 11 /22 /67

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Meeting with the Pres ident 12:30 to 2:15 p. m. P r e s e n t : Sec re ta ry Fowler ,

T rea su ry ; Mr. Mart in; Walt Rostow, State; and Ed F r i ed (and pa r t of the t ime, George Chr is t ian) , White House 11/27/67

Academic Advisory Group with Board. Day long meet ing and luncheon, Board ' s

Building (11th such meet ing) . (Mr. Mart in absent from this meeting from 12 noon through luncheon, to attend Dillon Commit tee meet ing at T reasu ry ) . . . . . . 11/28/67

S .O .S . CLUB Breakfast with group of Republican Congressmen ,

Capitol Hill Club, Congress ional Hotel, 8 a . m . Invitation from Barbe r B. Conable, J r . (on Ways and Means Commit tee where Mr. Mart in test if ied l a t e r in morning on P r e s i d e n t s tax proposa l 11 /29 /67

Chairmen1 s Conference . . . . Two-day meet ing, Board1 s building 11/30- 12/1/67

. . . . Mr . Mar t in ' s informal dinner for Cha i rmen and Deputy Chai rmen, Alibi Club, 7 p . m . 21 of 24 attended, and Governor Robertson and Mr. Sherman. . 11/29

. . . . Board ' s luncheon and dinner for Cha i rmen ( speakers , ] Bill Bundy and E i c h a r d Helms) 11/30

NEWSWEEK COVER Pic tu re on cover--Defending the Dollar , Story, page

68: "The Gold Rush—Defending the Dollar". 12/4 /67

A. B. A Dinner for officers of National and State Bank Divis ions. Madison Hotel, 7:30 p . m . Off-the-cuff r e m a r k s (announced as "o f f - the - record" ) 12/4/67

Washington Club Luncheon speaker . Off-the-cuff r e m a r k s 12/6/67

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FEDERAL RESERVE BOARD (Page 122)

Bankers Trust Company

Meeting nat direction of the President". . ,

New York. Off-the-cuff, off-the-record remarks to Advisory and Uptown Advisory Committees and board of directors. 12 noon. 280 Park Avenue. Invitation from Roy Reierson 12/21/67

.Called by Joe Califano - re balance of payments program. Cabinet Room, White House. 4 - 6:30 p .m. Present: Chairman Martin; Secre­tary Fowler, Treasury; Secretary Rusk, State; Secretary McNamara, Defense; Secretary Trow­bridge, Commerce; Chairman Ackley, Council of Economic Advisers; Director Schultxe of the Budget Bureau; Ambassador Bill Roth; Clark Clifford; Ernest Goldstein and Ed Fried, White House 12/22/67

Meeting with the President Cabinet Room, White House. 10 a .m. to 12:45 p . m .

President joined the group late. Present; Chairman Martin; Secretary Fowler and Under Secretary Deming, Treasury; Secretary Rusk, Tony Solomon and Eugene Rostow, State; Attorney General Ramsay Clark; Secretary Trowbridge and Under Secretary Shaw, Commerce; Chairman Ackley and Mr. Okun, Council of Econonnic Advisers; Budget Director Schultze; Ambassador Bill Roth; Clark Clifford; and Joe Califano, Walt Rostow, Ed Fried, and Ernest Go Idstein, White House. In the back--Dewey Daane, Fed; and Win Knowlton, Treasury 12/26/67

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Meeting with the President. . . . at his Ranch in Texas. Off-the-record. Left Andrews

Air Force Base at 7 a .m. , with Secretaries Dean Rusk, Joe Fowler, and Alex Trowbridge, and Walt Rostow and Charlie Schultze. Wilbur Mills, Russell Long, and Hale Boggs joined the group (in another plane). )Saturday) Arrived back in Washington at 7:15 p. m 12/30/67

1968

President's Press Conference . . re balance of payments program from the Ranch.

Attended sess ion, with Governor Robertson and Mr, Molony, in White House Situation Room, to hear press conference J?.1?^1} 1/1/68

Treasury Press Briefing with Secretary Fowler, Secretary Trowbridge, etc.

re balance of payments program. Participated in conference; accompanied by Mr, Molony ?i?Q IVjqi,. . . . 1/1/68

New York visit with businessmen and bankers 1/6/68

(Saturday)

Meeting at White House at direction of the President (not present). Attended

with Governor Robertson. Also present: Fowler, Deming, Barr, Surrey, and Petty, Treasury; Rusk, Katascnbach, Eugene Rostow and Tony Solomon, State; Amb. Ross; McNamara, Defense; Trowbridge, Commerce; Boyd, Transportation; Attorney General Ramsay Clark; Ackley and Okun, Council of Economic Advisers; Charlie Schult*e, Budget Bureau; Calif ano, Fried, and Goldstein, White House. 8:30-10 a. m 1/9/68

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Savings Bonds Luncheon Head table guest at luncheon sess ion of 1968 Share

in Freedom Conference, Sheraton Park. Secre­tary Fowler, speaker. 1/10/68

New York FRBank Visit with President Hayes 1/12/68

Meeting at White Hou se re balance of payments. Called by Mr. Califano,

Cabinet Room, White House. Mr. Martin accompanied by Governor Robertson and all participants l isted as attending January 9 meeting were also present, with the exception of Mr. Surrey of the Treasury. 11 a. m. to 12:30 p. m 1/15/68

Meeting with the President Off-therecord, re balance of payments. Cabinet Room.

Also present: Secretary Rusk and Eugene Rostow, State; Secretary McNamara, Defense; Secretary Fowler, Treasury; Secretary Trowbridge, Commerce; Secretary Boyd, Transportation; Joe Califano, Walt Rostow, and Ed Fried, White House. Joining the meeting later were Under Secy Deming, Treasury; Chairman Ackiey, CEA; and Budget Director Schultse. 6:30 - 8 p. m. . 1/19/68

Alfalfa Dinner 55th annual. Statler Hilton, 7:30, black tie.

Guests: Robertson, Mitchell, and Daane 1/20/68

National Assn. of Home Builders. . .Luncheon of Executive Committe, national representa­

t ives, Board of Trustees of National Housing Center. Invitation from Nat Rogg. Off-the-cuff and off-the-record remarks. 1625 L Street . • 1/22/68

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New Y o r k . . . . Addressed group of bus inessmen • 1/26/68

White House Swearing In. of Charles Zwick as Director of the Budget (succeed­

ing Schultse). Cabinet Room, White House 1/29/68

Meeting with the President (after above swearing-in; at suggestion of the President,

his office). Secretary Fowler, Messrs . Schultze and Zwick, and Mr. Martin, from 12 noon for about an hour discussing the "state of the nation. V 1/29/68

Stonier Graduate School. . . .of Banking. Welcoming remarks at informal meeting

of holders of chairs of banking and finance from uni­vers i t ies that have chairs. Meeting addressed by Bob Solomon. 9 a. m. Room 1202 1/30/68

New York Stock Exchange . .

Sherrill Swearing-in.

New York Visit

Ackley-Schultze Reception <

White House Dinner

dinner honoring Ed Gray. Dais guest. Waldorf 1/30/68

.Oath administered by Mr, Martin, Board Rm. , 4 p. m- 1/31/68

Participated in evening seminar. New York U.. 2 /1 /68 Breakfast meeting with Bob Anderson re Economic Rept.

of the President 2/2 Informal meeting with representatives of Textile Assn.. 2 /2 Breakfast meeting with representatives of Bankers Trust2/3

Co-host, and informal remarks, with Fowler and McNamara. Diplomatic reception area, State Department, 6:30 -8:30 p. m. with Mrs. Martin. 2 /5 /68

Hosted by President and Mrs. Johnsoxxxaaiax for Prime Minister Harold Wilson and Mrs. Wilson of Great Britain. 8 p. m. , black tie. Mr. and Mrs. Martin

Preceded by stag reception for the Prime Minister 2 /8 /68

U ^ - 4 . ^ J I V - - 4.t TD ^ J

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FEDERAL RESERVE BOARD Page 126

Virginia General Assembly . . . . dinner given by Harvie Wilkinson (FAC, Richmond).

Hotel George Marshall, Richmond, 7 p. m. , informal. Off-the-cuff remarks. (Governor Mills E. Godwin, Jr. , a n d L t . Gov. Fred G. Pollard, e t c . , attended). 2 /12 /68

National Industrial Conference Board . Dinner sess ion of two-day Financial Conference,

Waldorf, New York. Prepared text; "The Price of Gold is Not the Problem" 2 /14 /68

Bank of England. Visit with Lady O'Brien. Courtesy call, 12 noon. • . . . • . • . . . • 2 /15 /68 Luncheon, Board's blue room (with Board Members;

Maude and Hunt rods; and Messrs . Holland, Bril l , and Bob Solomon 2/15

Board's black tie dinner for Governor and Lady O'Brien, 7:30, Board's building. Mr. and Mrs. Martin, Robertsons, Daanes, Maisels , Br immers , Sherri l ls; Maudes (IMF); Secretary Fowler and Mrs. Fowler and Under Secy and Mrs. Deming, Treas . ; Budget Director and Mrs. Schultse; Chairman Ackley and Mrs. Ackley and Mr. and Mrs. Duesenberry, Council of Economic Advisers; President and Mrs. Linder, Ex-Im Bank. (Total of 28)

Conference of Business Economists . . Meeting with members of the Board (preceded at 9:15

by chart show). 10 a. m. , Board's building. 2 /16 /68

Governor O'Brien

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FAC Board's dinner for members of the Council. Board's Building. Attended by 11 members of Council, Prochnow and Koravik, and outgoing President of Council, John Moorhead (to whom tray was presented) 2 /19 /68

New York visit . . . . . with businessmen and bankers (some at suggestion of

Secretary Fowler) 2 /22-23 /68

New York Univers­ity C l u b . . . Luncheon. Off-the-cuff, off-the-record remarks -

"Observations. ,f preceded by reception 2 /24 /68

Natl. Assn. Mutual Savings Banka . . . . representatives with Board. 11 a. m. , Board Room. . . 2 /27 /68

White House Ceremony. .President awarded Medal of Freedom to Secretary

McNamara, East Room, 1 p. m 2 /28 /68

Denver University. .Participated in dedication of new building of College

of Business Administration 3 / 1 / 6 8 11:30 a. m P r e s s conference 12 noon Luncheon address, off-the-cuff,

"Our American Dollar. " 2:00 p. m Informal vis i t with graduate students

in business administration p. m Visit with members of staff of

student paper 6:30 p. m. Black tie reception and dinner hosted

by Chancellor Mitchell

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Investment Bankers Association Off-the-record remarks at meeting of Executive

Committee (during two-day meeting in D. C. ). Madison Hotel, 2:30 p. m 3 /5 /68

Meeting with the President Cabinet Room, The White House. 10:15 a .m.

Present: Mr. Martin; Secretary Fowler and John Petty, Treasury; Secretary C. R. Smith, Com­merce; Messrs , Okun and Dueaenberry, Council of Economic Advisers; Walt Rostow, White House. 3 /7 /68

Bank for International Settlements . Basle . Attended March meeting - accompanied

by Robert Solomon 3 /8 -10 /68

Senate Republican Policy Committee Luncheon; off-the-cuff remarks. Invitation from

Senator Hickenlooper. 12:30. Room S-207 Capitol 3 /12 /68

eeting 'th the

President 7 p . m 3 /12 /68

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Meetings with the President. . two meetings on 3 /14 /68

1:30 - 2:15 p .m. Mr. Martin, Secretary Fowler and Fred Deming, Treasury; Okun and Duesenberry, Council of Economic Advisers; Ed Fried and Francis Bator, White House.

3:30 p . m . To learn the President's "decision. M

Mr. Martin; Secretary Fowler and Mr. Deming, Treas. ; Okun and Duesenberry, CEA; Walt Rostow and Ed Fried, White House

White House Fellows Luncheon with Mr. Martin, Blue Room. Group of young

men and women chosen for year's assignment in Wash­ington and seminar sess ions with leaders in private and public life. 12:30 p. m. 3 /15 /68

Gold Pool Central Bankers Meeting in Washington of Governors of Banks actively

participating in the Gold Pool: Hubert Ansiaux, National Bank of Belgium; Karl Blessing, Deutsche Bundesbank (accompanied by Mr. Tungeler); Guido Carl i , Bank of Italy (accompanied by Mr. Vandenboesch); Sir Les l ie K. O'Brien, Bank of England (accompanied by

Harold Lever, Sir Wm. Armstrong, and Messrs . T?o»neT$

Morse, and Preston); Gabriel Ferras , BIS (accompanied by Milton Gilbert); Chairman Martin and Governors Robert­son and Daane (and Bob Solomon, Bob Holland, and Charlie Coombs); Secretary Fowler (for opening) and Under Secy. Deming, Treasury (and Willis and Petty); Pierre-Paul Schweitser (and Mr. Nicoletopoulos), IMF; Ed Fried, Executive Office. Two-day meeting in Board's building, including luncheon both days; reception in State Department evening of first day

Communique read to Pres s at State by Mr. Martin, 5:30 p. m. on March 17 3 /16-17 /68

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Detroit Branch . . . . 50th Anniversary Celebration. Addressed luncheon

hosted by Economic Club of Detroit, Cobo Hall; off-the-cuff remarks (almost 2f 0000 in attendance). (Be­cause of weekend meetings and bad weather on Monday, missed Sunday dinner, and Monday breakfast and board meeting 3 /18 /68

New York. . . Fed. Visit with President Hayes and luncheon 3 /19 /68

Meeting with the President at luncheon, at 3 p . m . Secretary Fowler to the P r e s i ­

dents right; Mr. Martin to his left; also Chairman Okun; Budget Director Zwick; Ed Fried, White House; Mac Bundy and other (unidentified) gentleman

Director Day . At the Board, 15th annual. Day long meeting and

luncheon, preceded by dinner previous evening, with Budget Director Zwick as speaker. (Mr. Martin at dinner; unable to participate in meetings) 3 /21 /68

White House Luncheon

Yale Club

Stag, the President's for Ludwig Erhard of Germany. . 3 /21 /68

of Washington. Annual dinner. Yale bowl awarded to Charles Carroll Glover; principal address (with text), and extemporaneous remarks about Mr. Glover. Mayflower, black tie 3 /21 /68

Auditors Conference . at Board. Opening, welcoming remarks of two-day

meeting of General Auditors of the FRBanks. 9:30a.m. Room 1202 3 /26 /68

Republican Congress* ional Group. .The Acorns. Informal discussion at invitation of

Congressman George Bush; Congressman Chamber­lain's office, 5 p . m 3 /26 /68

Ministers and Governors. Group of Ten. Stockholm, Sweden (Daane & Solomon). . . 3 /29 /68

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Meeting with the President the White House. 6:30 p. m. Present: Mr. Martin

Chairman Wilbur Mills; George Mahon; Secretary Fowler, Treasury; and Budget Director Zwick 4 /2 /68

Meeting with the President Cabinet Room f the White House. 6:45 - 9:15 p. m.

Present: Mr. Martin; Secretary Fowler; Budget Director Zwick; and Senators John Williams, George Smathers, Russel l Long, Richard Russel l; and Speaker of the House John McCormack and Repre-senative Hale Boggs, Wilbur Mills, George Mahon, Frank Bow, and Carl Albert 4 /3 /68

New York City Bankers Breakfast remarks, off the cuff. Mayflower,

8 a. m. Invitation from Bill Rene hard and Huck Aldrich 4 /4 /68

Republican House Appropriations . . . Committee members , and Congressman John

Byrnes of Ways and Means. Off-the-record luncheon. Invitation from Cong. Frank Bow. . . . . . . . 4 /4 /68

Reserve City Bankers Annual Meeting, Boca Raton, Florida. Off-the-cuff

address at morning (final) sess ion 4 /9 /68

World Affairs Council • . group of Mrs. Robert Low Bacon5 p. m. , her home. . 4 /11 /68

Wall Street Journal Luncheon with Bur en McCormack and some of his

editors; Journa l s offices, 30 Broad St. , 12 noon . . 4 /15 /68

Chemical Bank . . . International Advisory Board dinner. Invitation from Baxter Jackson, University Club, black tie, 7 p. rru . 4 /15 /68

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Atlantic Council . . . Luncheon; invitation from Randy Burgess; off-the-cuff remarks. Statler, 12:30 4 /16 /68

American Society Newspaper Editors Off-the-cuff address (unedited transcript in

Bond Buyer). Shoreham Hotel, 11:15 a .m. (attended by Mr. Molony) 4 /19 /68

Berry Board of Visitors First meeting of this group, at Berry 4 /20 /68

Academic Advisory Group Board with academic consultants (12th such mtg, )

Day long meeting and luncheon (Mr. Martin attended luncheon at Blair House hosted by King Olav V of Norway) 4 /25 /68

Meeting with the President and Congressional leaders, Cabinet Room, 5:15.

with Secretary Fowler, etc. - briefing on Special Drawing Rights legislation. Accompanied by Governor Daane 4 /29 /68

Yale Daily News volume, FINANCE WORLD 1968. Article by

Mr. Martin on the FRB - "Trustee for the People. " Published April 1968

Boston FRBank <, . . . . Meeting of current board and joint meeting with

18 former directors and Leif Erickson, former President, a. m. and luncheon 5 /6 /68

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FEDERAL RESERVE BOARD (Page 133)

White House Reception President and Mrs. Johnson1 s annual Judiciary

Reception. 7 p. m. Mr. and Mrs. Martin 5 /7 /68

Advertising Council Participated in 24th Annual Washington Conference,

Red Cross Building, 9:30 - 11 a .m. Mr. Molony attended. Off-the-cuff remarks 5 /8 /68

BIS May monthly meeting, held at the Netherlands National Bank, Amsterdam, on occasion of opening of new bank building 5 /13/68

Swedish National Bank 300th anniversary celebration of Sveriges Riksbank. . . 5 /14-18/68

ABA 15th Monetary Conference, San Juan, Puerto Rico Participated in panel sess ion on Friday, 5/24 (Accompanied by Mrs. Martin) 5/ 19-24/68

Michigan businessmen . . . . and civic leaders . OneOday visit to Washington at

invitation of Congressman Charles (Chuck) Chamberlain, who invited Mr. Martin to talk to the group informally. 2 p . m . , 2118 Rayburn House Office Bldg„ 5 /28/68

White House Signing by President Johnson of Truth in Lending Bill. East

Room, 1 p. m. (Governor Robertson and Bob Cardon also attended) 5 /29/68

Bishop's University Lennoxville, Quebec, Canada. Awarded Honorary

Degree of Doctor of Civil Laws at Public Convocation, 2:30 p . m 6 /1 /68

(Accompanied by Mrs. Martin and in party with Governor Rasminsky, Bank of Canada, who drove the Martins to Hovey Manor for Sunday, June 2, and then to Ottawa, for dinner hosted by them on June 4. )

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FEDERAL RESERVE BOARD (Page 134)

Comptroller of the Currency . . . . . . . and National Advisory Committee on Banking Pol ic ies

and Pract ices . Dinner in honor of Mr. Martin. Informal, F. Street Club, 7 p. m. , . 6 /6 /68

Williams College Awarded honorary degree of Doctor of Laws, at

Commencement, 2:30 p. m. Invitation from President John Sawyer. Accompanied by Mrs. Martin (Williamatown, Mass . ) 6 /9 /68

YALE. . . . . . . . . Seminar; participated H* first day of four day seminar. Off-the-cuff remarks on Gold and the Dollar under the subject "The Dollar in the World" 6 /13/68

Attended Yale Commencement and last Corporation meeting as Alumni Fellow (term of 6 years); at 40th Reunion panel talked on "tenure on the

Corporat ion--6/14/68 6 /10/68

White House Signing by the President of SDR legislation. Fish Room,

White House, 11:30 a. m 6 /19/68

Berry Schools Executive Committee meeting, 4 p. m. , 21st;

Board of Trustees, a. m.. 6 /22 /68

Meeting with the PREsident Quadriad group, 1-2 p. m. Present; Secretary

Fowler, Treasury; Budget Director Zwick; Cftcun and Duesenberry, CEA; Mr. Martin; and Mr. Califano, as secretary. Off-the-record 6 /24/68

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Academic Advisory Group with Board. Day-long meeting and luncheon,

Board's building (13th such meeting) 9 /12 /68

FAC Dinner hosted by John Mayer, at t ime of Council

meeting in Washington. Metropolitan Club . . , . 9 /16 /68

Brown Brothers Harriman . . . . . . Sesquicentennial anniversary celebration -

in Seattle and Sun Valley. Participated in Sun Valley meetings, addressing anniversary dinner. 1 'Observations from Remarks" made available to press . . 9 /18 /68

IMF and IBRD 23rd Annual Meeting. Sheraton Park Hotel, D C. 9 / 3 0 - 1 0 / 4 / 6 8

Group of Ten . . . .Ministers and Governors Meeting--at t ime of

Bank and Fund Meetings. Called by Wickman, Swedish Minister for Economics. Sheraton Pmrk, 4 p . m 9 /30 /68

Chemical B*ak • • • • New York , Trust Company's dinner meeting of

International Advisory Board. Invitation from Baxter Jackson. Off-the-cuff remarks, Univers­ity Club, 7 p. m. (Mrs. Martin dined with Mrs. Jackson) . . . . . 10 /7 /68

St. Louis Fed and Louisville Branch Joint meeting of beards, in Louisville

Dinner for directors, former directors, and wives, Executive INn • . . 10 /9 /68

Joint meeting of boards, at the Branch, a. m 10/10 Addressed joint luncheon of Boards and Louis­

ville Rotary Club. 12 noon, Kentucky Hotel. Off-the-cuff . 10/ 10

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FEDERAL RESERVE BOARD {Page 137)

Baltimore Branch of the Federal Reserve Bank of Richmond.

Afternoon visit with Donald Hagner and tour of Branch (a. m. Johns Hopkins meeting and 4:30 p. m. Milton Eisenhower medal a w a r d ) . . . . . 10/14/68

National Association Home Builder8 • • . At invitation of Nat Rogg, address luncheon of

Senior Executives Conference of the National Housing Center Council of NAHB. Washington Hilton Hotel. 12:30. Off-the-cuff, off-the-record . . . . . . . . . . 10/16/68

Business Council Meetings in Hot Springs. Addressed morning

sess ion, October 18. Accompanied by Mrs. Martin , 10 /17-20/68

Minneapolis FRBank meeting in Hill City, Minnesota. Co-sponsored

by Fed Bank, University of Minnesota, and Upper Midwest Research and Development Council. Off-the-cuff remarks at last se s s ion 10/26 . . 10/25-26/68

Expo r t - Impo rt Bank . *. . Advisory Committee luncheon, 12:30, at Bank.

Off-the-cuff remarks. Invitation from Walter Sauer . .... 10/28/68

New York Visit . . Dinners: Informal, hosted by Andre Meyer, Lazard Frere Mr. and Mrs. Martin and Cynthia, & others) . . 11/12/68 Black tie, stag, hosted by Roger Blough, Ed Gott, and Bob Tyson for John Meyer and Ellmore Patterson (new Chairman, from President; and new President from Chrm. , Exec. Comm|; of Morgan Guaranty Trust Co. Links Club . . . . 11/13

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FEDERAL RESERVE BOARD (Page 138)

Berry Schools Meeting, board of trustees 11/16/68

Meeting with the President Cabinet Room, White House, 6 p. m. Mr. Martin,

Secretaries Rusk and Clifford; Walt Rostow, White House; and Harry McPherson, acting as Secretary. (Mr. Martin flew thereafter by military plane to meetings in Bonn, Germany \ . . 11/19/68

Ministers and Governors Group of Ten Bonn, Germany 11/20-22/68

Meeting & luncheon with the President 1 p. m. , the White House. Mr. Martin;

Secretaries Rusk, Clifford, and Fowler; Under Secretary Deming; Walt Rostow and Ed Fried 11/23/68

New York visit with Gabe Hauge, etc 11/30/68

ABA Dinner, hosted by officers of National and State Bank Divisions; head table guest. Speaker: Secretary Fowler. Madison Hotel • . 12/2/68

Geographic Luncheon hosted by Franc Shor. Other guests included

Irish Ambassador Bill Fay; Canadian Ambassador Ed Richie; Herblock, Hermann Wolk, John Walker, Henry Brandon, 12:30 12/4 /68

Treasury presentation by Secretary Fowler of "Distinguished Service Award" at > 5 p. m. ceremony at Treasury. Other recipients: Deming, Willis, and Petty; William B. Dale; Livingston T. Merchant; Edward R. Fried; and Robert M. McKinney 12/4 /68

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FEDERAL RESERVE BOARD (Page 139)

Chairmen's Conference . . • . Two-day meeting, Board's building 12 /5 -6 /68

Mr. Martin's informal dinner for Chairmen and Deputy Chairmen, Alibi Club, 7 p. m. 21 of 24 attended and David Lilly, 1969 (in­coming) Deputy, Minneapolis; and Governor Robertson, Mr. Holland and Mr. Sherman (Total of 26) 12/4

Board's luncheon (Bill Bundy, speaker) and dinner (Secretary Fowler spoke briefly at start of dinner; Mr. Martin "thereafter) 12/5

Meeting with President Elect Nixon at his suggestion. 3 p. m. Hotel Pierre , NYC. . . . 12/9/68

New School for Social Research 50th Anniversary Convocation and dinner.

Awarded honorary degree of Doctor of Laws. Announcement also made of endowment of graduate scholarship in Mr. Martin's name. 6 p. m. , Plaza Hotel; accompanied by Mrs. Martin 12/11/68

Meeting with President Johnson Quadriadmeeting, 1* 2;30 p. m. , President's off.

Mr. Martin; Secretary Fowler; Chairman Okun, CEA; Budget Director Zwick; and Joe Califano (for part of the meeting) 12/12/68

Bill Knox Luncheon Annual pre-Christmas. 12:15, Bowman Room,

Biltmore Hotel, NYCity 12/13/68

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FEDERAL RESERVE BOARD (Page 140)

Buffalo Evening News Reception for Nat Finney, retiring Bureau Chief,

and his successor , Lucian C. Warren. F Street Club, 6 p . m 1/7/69

Presbyterian Theological students from DuBuque, Iowa. Visiting the Board and other

agencies; visit with Governor Robertson; met them briefly . • . 1/16/69

New York Visit with Government officials, etc. 1/17-18/69

24-year Fed Service Awards Presented certificates to nine employees, Board

Room, noon. Luncheon thereafter of recipients with members of the Board 1 /2V69

Academic Consultants Meeting with the Board (14th such meeting). Day­

long and luncheon 1/23/69

Meeting with the President First meeting of Mquadriadn group with President

Nixon, his office, the White House. 4 - 5 p. m. Secretary Kennedy, Treasury; Chairman McCracken, CEA; Budget Director Mayo; and Mr. Martin . . . 1/23/69

Alfalfa Dinner 56th annual. Statler Hilton. Guests: Governors

Robertson, Mitchell, and Daane 1/25/69

University chairholders . . . in finance and banking. Meeting sponsoed by Stonier

Graduate School, ABA. Welcoming remarks, 9 a .m. Room 1202 1/28/69

Investment Bankers A s s n . . . . Luncheon with Governmental Securities Committee.

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FEDERAL RESERVE BOARD (Page 141)

White House Luncheon . . .Hosted by President Nixon for the Davis Cup Team.

12:30, private family dining quarters. Present: Bud Wilkinson; Members of the team: Arthur Ashe, Jim Osborne, Charlie Pasarel l , and Clark Graebner. Coach Dennis Ralston; non-playing captain Donald Dell; Bob LuU and Keileher, USLTA, and Mr. Martin 2 /11 /69

New York visit with Robert Murphy and luncheon hosted by him; with

executive officers of Chemical Bank New York Trust; and representatives of ABA re one-bank holding company legislation 2/ 14/69

Board's FAC Dinner at Board1 s building. 11 members of Council and

Ransom Cook for Mr. Larkin, S. F. ; and Prochnow, Korsvik, Board, and staff. Secretary Kennedy stopped by

National Assn. Mutual Savs. Banks .

Paperboard Packaging Council

2/17 /69

Meeting with Board and staff, Board Room, 10:30. . 2 /25 /69

Off-the-cuff remarks at dinner oof members of the board of the Council; Madison Hotel. Invitation from President Russel l Flom 2 /25 /69

Investment Bankers Associat ion. . . . Meeting with Executive Committee and National

Committee Chairmen (about 40), Madison Hotel, 2:30 p. m. Invitation from Gordon Calvert 3 /4 /69

San Francisco FRBank Participated in joint meeting of boards of San

Francisco and branches 3 /6 /69 Preceded by dinner, directors, officers, and

area bankers • 3/5

New York Visit with President Hayes, New York Fed; and with

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FEDERAL RESERVE BOARD (Page 142)

Radio and Television Correspondents . . .Dinner. Guest of Richard Harkness, NBC News.

Shoreham, 8 p. m. , black tie 3 / 12/69

Quadriad meeting (preliminary to meeting of group with the Pres ident- -

on March 18). Breakfast, 8-9:30 a . m . , Cosmos Club. Martin, Kennedy, McCracken, and Mayo . . 3 /13/69

Savings Bonds Luncheon Head table guest, in connection with Share-in-

America 1969 Conference. Shoreham Hotel . . . . 3 /14 /69

Gridiron Dinner Guest of John Cauley, Kansas City Star.

Statler, White tie 3 /15 /69 Post-dinner reception, Mr. and Mrs. Martin. . . 3/16

Meeting with the President Quadriad group. President's office, White House.

4 - 6; 10 p .m. Secretary Kennedy, Treasury; Chairman McCracken, CEA; Budget Director Mayo; Mr. Martin, and Arthur Burns, Counsellor to the President--with the President 3 /18 /69

16th at the Board. Full day meeting, breakfast and luncheon 3 /20 /69 Preceded by dinner, Carlton. Bob Mayo,

speaker , 3/19

New York visit with George Woods re Latin America and

Governor Bockefeller;s trip, etc 3 /21-22 /69

Director Day

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FEDERAL RESERVE BOARD (Page 143)

New York visit . . . Meeting with George Moore, First National

City Bank; Huck Aldrich, Chemical Bank New York Trust; George Murphy, Irving Trust; John Meyer, Morgan Guaranty; and Jeff McNeill, Manufacturers Hanover--to discuss one-bank holding company legislation.

Dinner, hosted by the Arthur Watsons and Thomas Watsons, J r . , in honor of Dr. and Mrs. Tore Browaldh, Chairman, Svenska Handel sbanken, Stockholm (with Mrs. Martin) 3/26/69

St. Louis Chamber

of Commerce .Dinner in connection with 3-day Washington

seminar. Off-the-cuff, off-the-record remarks. Statler Hilton, 6:30, informal 3 /28 /69

New York Regional

Assn. of Elihu . .

Insurance Investment Officers . .

Reception and dinner. Off-the-cuff remarks. Introduced by Nick Danforth, Union Club, black tie, 6:30 4 /3 /69

Luncheon. Invitation from John Exter. Off-the-cuff remarks. Cabinet Room, Carlton, 1 p. m 4 /17 /69

Yale Club of Washington Dinner honoring Joe Fowler. Dais guest, with Mrs.

Martin. Speaker, Kingman Brewster. Shoreham, black tie 4 /18 /69

Paul McCracken H economic group11 d inner . Cosmos Club, informal, stag, 6:30

(group formed at U. of Michigan; still meets; Mr. Martin Dr. McCracken1 s guest) 4 /21 /69

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FEDERAL RESERVE BOARD (Page 144)

Meeting with the President Alone, his office, the White House,

11:35 a, m 10:45 to

4/23/69

National Fruit Export Council Luncheon, on invitation from Pay Peter .

Secretary Hardin unable to be present as speaker; Mr. Martin made off-the-cuff remarks 4/23/69

Central Bank Governors of the Western Hemisphere . .6th annual meeting, hosted by the Board, in

Williamsburg, Virginia, (returned to Washington morning of 4/29) 4/26-30/69

Meeting with the President Quadriad group. White House. Secretary Kennedy,

Treasury; Chairman McCracken, CEA; Budget Director Mayo; Arthur Burns; and Mr. Martin. 4:14-5:40 p . m . .4 /29 /69

Preceded by breakfast meeting of quadriad group, 8 a. m. Saturday, April 26 - Cosmos Club. Kennedy, McCracken, Mayo, and Martin.

Academic Consultants Meeting with the Board (15th such meeting). Day-long,

including luncheon (missed by Mr. Martin who lunched privately with guest), at the Board 5 /1 /69

Meeting with the President in Secretary Kennedy's office, Treasury. 10:30 a .m. - -

11:40. Secretary Kennedy; Chairman McCracken, CEA; Budget Director Mayo; Arthur Burns and Henry Kissinger; and Mr. Martin 5 /2 /69

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FEDERAL PESERVE BOARD (Page 145)

Governor O'Brien Visit . . . Luncheon and visit at the Board 5 /6 /69

Mr. Martin hosted stag dinner, his home, for Governor O'Brien and Jeremy Morse. Guests: Arthur Burns; Under Secys of the Treasury Walker (cocktails only) and Voclker; Budget Direct© Mayo; Council Chairman McCracken; Maude and Huntrods, IMF, and all Board Members (Robertson, Mitchell, Daane, Maisel, Brimmer and Sherrill) Total of 18 . 5 / 6

Farmers Bank of State of Delaware Annual shad dinner, Wilmington 5 /7 /69

Business Council. . Hot Springs, Virginia (accompanied by Mrs. Martin). . 5 /8 -11 /69

Buffalo Branch of the New York Fed. Participated in 50th anniversary

celebration. Dinner hosted by Buffalo Area Chamber of Commerce .5 /14 /69 a .m. joint meeting of boards of directors of New York

and Buffalo . 5/15 Extemporaneous address at luncheon sponsored by

Buffalo Chamber, followed by scheduled press conference, and return to Branch for reception 5/15

Senator Harry Byrd Luncheon in Winchester, Virginia. (Accompanied by

Mrs. Martin) 5 /18/69

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FEDERAL RESERVE BOARD vnimm*a+tmitri-umirmn*mmmmmmmmmmMmmm

(Page 146)

New York Stock Exchange.

New York Bankers Dinner

American Iron & Steel Institute

Berry Schools

Dinner for Pres Bush

.Dinner for Gustave Levy, retiring as Chairman* On committee and dais guest. Waldorf, black tie . . . • 5/20/69

•Hosted by Mr. Martin and President Hayes. River Club, Informal, 7 p.m. Guests: George Murphy, Chrm., Irving Trust; Sam Woolley, Chrm., Bank of New York; Howard Laerl, V.C., First National City Bank; Howard McCall, Pres., Chemical Bank New York Trust; John Meyer, Chrm., Morgan Guaranty; Gabriel Hauge, Prea., Manufacturers Hanover; Bill Moore, Chrm., Bankers Trust; David Rockefeller, Chrm., Chase Manhattan; Crocker Hevln, Chrm. & Pres., Marine Midland Grace; Charles Buek, Pres., U.S. Trust Co. (total of 12) . . . . . . . . . . 5/21/69

•Addressed closing dinner, 77th Annual General Meeting. Prepared text: The U.S. Dollar at Home and Abroad. Waldorf, 7 p.m., black tie. Invitation from Chairman Ed Martin and President Jack Roche. At reception following dinner awarded Ben Falrless Medal—fourth recipient 5/22/69

.Dedication of Krannert Center and meeting of Board of Visitors. (Accompanied by Mrs. Martin.) 5/23-24/69

hosted by his son, Congressman,George Bush,

Alibi Club, stag 5/26/69

New York visit with bankers and businessmen

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FEDERAL RESERVE BOARD (Page 147)

25th Washington Conference. Participated in panel with Under Secy Volcker of the Treasury (for Secy Kennedy who was before Ways and Means); Herbert Stein of CEA (for McCracken, on the Hill re appro-prations); and Budget Director Mayo. Red Cross Building, 10:30 a. m 6/10/69

followed by

Press Conference . . . . Red Cross Building, 12:30 (arrangements made through

Treasury). Secretary Kennedy returned for this; other participants; Mr. Martin; Under Secy Vocker, and Herbert Stein, CEA (Mayo obliged to leave after Council discussion meeting) 6/ 10/69

Meeting with the President Cabinet Room, the White House, 9 - 10:30 a. m.

re extension of surtax 6/ 12/69 Present: President Nixon, Vice President Agnew, Treasury Secretary Kennedy, Mr. Martin, and--Speaker of the House John McCormack; Minority Leader Gerald Ford; and Congressmen John J. Rhodes; Carl Albert; Hale Boggs; George Mahon; Jeffry Cohelan; Lesl ie Arends; Frank Bow; and John Byrnes.

Preceded by breakfast meeting of the Quadriad g r o u p -Cosmos Club, 7:45 a .m. Martin, Kennedy, McCracken, and Mayo.

ABA Monetary Conference (16th Annual). Copenhagen, Denmark. Accompanied

by Mrs. Martin. Scheduled to make opening dinner address on Monday, June 16; in absence of Secretary Kennedy assigned his "spot" as closing speaker at luncheon on Friday, June 20 6 /15-20 /69

Advertising Council . . .

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FEDERAL RESERVE BOARD (Page 14 8)

Meeting with the President . .

Carli v i s i t

Meeting with the President . .

Berry Schools

New York visit . . . .

of Cabinet Committer on Economic Policy, Cabinet Room, White House. Present: President Nixon; Vice President Agnew; Secy Coimaerce Stans; Secy Agriculture Hardin; Secy Labor Shults: Stein and Houthakker, CEA; Daniel Moynihan, Urban Affairs; Budget Director Mayo; Nat Samuels, State; William Saffire, Spec. Aset* to the President; and Mr. Martin. Mr. Martin sat to the right of the Vice President, across from the President. 4-5:45 p.m 6/24/69

Luncheon, visit, and Mr. Martin's dinner 6/24/69

Luncheon after FOMC meeting

Mr. Martin's stag, informal dinner for Governor Carli; Martin home. Guests: Amb. of Italy Ortona; Dr. Arthur Burns; Under Secy Treasury Volcker; Budget Director Mayo; CEA Chairman McCracken; Crispi, IMF; Gradi, N.Y. representative Bank of Italy; Robertson, Mitchell, Daane, Brimmer, Sherrill, Bob Solomon, Bob Holland, Chuck Partee. (Total of 17)

Cabinet Room, White House. To "discuss interna­tional monetary and financial issues." Present: The President; Secy of State Rogers and Nat Samuels; Arthur Burns; Henry Kissinger; Secy Kennedy and Under Secy Volcker; Budget Director Mayo; Chrm. McCracken and Mr. Houthakker, CEA; and Mr. Martin. 10:30-12:20 a.m 6/26/69

Meeting of Board of Trustees. . . 6/28/69

Luncheon with Baxter Jackson; meeting with bankers and businessmen re bank holding company legislation; meeting with David Rockefeller, Chase Manhattan; luncheon with Manning Brown, President, New York Life Insurance Company .7/2 3/69

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FEDERAL RESERVE BOARD (Page 149)

Treasury meeting called by Secretary Kennedy with 25 leading with bankers Mto discuss ways in which the public and bankers private sectors can work harmoniously together

to bring inflation under control.fl

Attended by Chairman Martin and Vice Chairman Robertson; Chairman Martin remained after the meeting and participated with Secretary Kennedy in meeting with the press. 3 - 6 p.m 7/7/69

British Parliamentary Group .engaged in investigation of the formulation and

execution of the policies of the Bank of England. With Mr. Sherman, visited with Group from 10 a.m. to noon. Group stayed for luncheon and talked to other Board Members thereafter. Mr. Ian Mikardo, M.P. , Labour, Chairman of the Group; Colonel Claude Granville Lancaster, M.P., Conservative; and Mr. Russell Kerr, M.P., Labor—with Dr. Leslie Presnell, and Mr. Cubie, Clerk of the Committee 7/8/69

Meeting with the President Room 176 of Executive Office Building. Present:

the President; Secy Kennedy; Chrm. McCracken; Budget Director Mayo; Arthur Burns; Under Secy Treasury Charls Walker; and Bryce Harlow, White House; and Mr, Martin. 5 - 7:10 p.m.

Preceded by: meeting of quadriad group called by Secretary Kennedy, his office, 11:30 a.m. to 1 p.m 7/9/69

Geographic Luncheon . . . . .Hosted by Franc Shor, Geographic Building 7/10/69

White House Fellows Luncheon hosted by Mr. Martin of 13 young

men and women studying Government in Washington; and Director Steve Strickland and Associate Director Jerome T. Murphy. (Total of 16). Staff dining room 7/11/69

(Note: previous year's group lunched with Mr. Martin on 3/15/68).

Visit re Berry Lunched in New York at the Waldorf with

Mrs. Henry and Miss Mary Morton 7/13/69

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FEDERAL RESERVE BOARD (Page 150)

Apollo 11 Launch At invitation of NASA Administrator Paine,

witnessed launch at Cape Kennedy of "Men on the Moon" attempt (they made i t ! ) , 9:32 a. m 7/16/69

Bohemian Grove Guest of Marron Kendrick, President, Schlage

Lock Company (Director, FRBank of San Francisco), Camp Thalia. Informal, off-the-cuff remarks to group at Lakeside on Friday, 7/18 7 /17-20/69

Meeting wi th the President . . . . Breakfast of "bi-partisan leadership" re the P r e s i ­

d e n t s forthcoming European trip, and the surtax. Attended by about 30 men, including: Mr. Martin; Secretary of the Treasury Kennedy; Speaker of the House McCormack; Minority Leader Gerald Ford; Senate Democratic Leader Mike Mansfield; Senators Dirksen and Dick Russell;dCongressman Carl Albert, Hale Boggs, and John Byrnes. Former Secretaries of the Treasury Douglas Dillon, Robert Anderson, and Henry Fowler; and Secretary of State Rogers also attended. The President called on Dillon, Anderson, Fowler and Martin to talk about the tax situation; Boggs and Mansfifeld also discussed the surtax. The President and Secretary Roggers discussed the upcoming trip. 8 - 10:45 a. m 7/22/69

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F^BBERAL RESERVE BOARD (Page 151)

Courts & Co. Atlanta On invitat ion of Dick Courts , part ic ipated in

two-day inst i tut ional s e m i n a r , a d d r e s s i n g luncheon on f i r s t day, of f - the-cuff 8 / 1 4 / 6 9

Meeting with the Pres ident . at Western White House, San Clemente , Cal i fornia,

Quadriad g r o u p - - M r . Martin; S e c r e t a r y Kennedy, T r e a s u r y ; Chairman McCracken , CEA; Deputy D i r e c t o r Hughes, Budget Bureau; and Arthur Burns , Counse l lor to the P r e s i d e n t . 9:30 a. m. 8/28 /69

New York Vi sit with New York Clearing House A s s o c i a t i o n and

Clear ing House Comix i t t ee 9/4-7/69

Mortgage Bankers A s s o c i a t i o n Vis i t at breakfas t mee t ing held with of f ic ia l s of

F e d e r a l R e s e r v e , during A s s o c i a t i o n ' s f i r s t Washington Conference . Mayf lower Hotel 9/10/69

Academic Consultants Day- long mee t ing with Board , including luncheon

( latter hosted by Governor Mitchel l ; Mr. Mart in attended p r e v i o u s l y arranged T r e a s u r y financing luncheon) 9/17/69

Davis Cup Matches . .

IBRD AND IMF

Group of Ten,

Cleveland fetsdnal— for Mr. and Mrs. Martin and B i l l ) . At time of v i s i t Mlntervi«ved f tby telephone by reporter from Cleveland Plain Dealer ( s ee attached s tory) * 9/19*21/69

Annual Meetings (24to). Sheraton Park Hotel 9 /29-10/3 /69

Meeting of Ministers and Governors (a t time of Bank and Fund Meetings) 3 p.m. Sheraton Park Assembly Room*. • . . • © . . . « , 10/1/69

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WISTAR PARTY . . . Philadelphia, dinner--ho § ted by Karl Bopp and

Howard Peterson, Honoring Karl Bopp on his leaving the Philadelphia Fed. Off-the-cuff remarks, black tie* (Canby Balderston also attended). . 10/8/69

New York Visit ..... Luncheon with former Governor CobboId, Bank of

England, River Club . 10/9/69

Meeting with the President ...... Joint meeting of the Quadriad Group and Cabinet

Committee on Economic Policy* Present: (in order of seating) Hendrik Houthakker, OKA; Daniel Mojmthan, Asst. to the President for Urban Affairs; Secretary Romney, HDD; Secretary Stans, Commerce; The President; Chairman McCracken, CXA; Secretary Hardin, Agriculture; Arthur Burns, Counsellor to the President; Mr. Martin; Budget Director Mayo; Secretary Shults, Labor; Secretery Kennedy, Treasury; Mat Samuels, State; Herbert Stein, CIA; Peter Planigan, Asst* to the Presi­dent; and William Safire, Special Assistant to the President. From 3:15 - 5:15 p.m ...... 10/15/69

Prom 5:15 to 5:45, Mr. Martin met with the President alone . 10/15/69

(Note: Quadriad group met at breakfast, Cosmos Club, 7:30 a.m., October 13)

Business Council Hot Springs, Virginia. (accompanied by

Mrs. Martin) 10/16-19/69 Addressed morning session~-with prepared "8ummaryH**Reminiscences and Reflections 10/17

(Note: at about 12 noon on October 17 White House (at press briefing) announced President's intention to nominate Arthur Burns to succeed Mr. Martin, at the end of his term on January 31, 1970.)

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F&DEBAL RESERVE BOARD (Page 153)

"Seidman" group ............of international accountants—meeting in Washington.

Lunched at the board-*on arrangements made by L. Wm. Seidman, a director of the Detroit Branch of the FIB of Chicago. Mr, Martin unable to join luncheon, but greeted the group (about 53) in the Board Room at 12:30 ................................ 10/20/69

Kansas City FRBank ........»• Joint meeting vith its branches and with directors

of Dallas FRBank, at Kansas City* 9 a.m. Meeting vith the Press 10 a.m. Joint meeting of boards Luncheon vith officers and directors and some

members of banking community ...... 10/23/69

From Kansas City to New York—official meetings vith businessmen and bankers •. 10/24/69

Elsenhower Discussion Croup Unable to attend Friday session but flew from

Yale after Corporation meetings for dinner on Saturday, at home of Tom Nichols, Baltimore 11/8/69

AM*.*..•........ Attended morning session and luncheon of ABA Economic Symposium (7th Annual) on Public Policy and Economic Understanding. Mayflower (Had declined invitation from George Champion to addreas symposium) •.••*.••.•«.••..•.11/17/69

FAC Dinner Mr. Martin's, informal, at hie home, 7 p.m.

Gueats; Arthur Burns; Mark Wheeler, Boston; George Moore, Mew York; George Brown, Phila.; Uarvle Wilkinson, Richmond; George Craft, Atlanta; Donald Graham, Chicago; John Fox, St. Louis; Phil Mason, Minneapolis; Grady Harris for Jack Conn, Kanaas City; John Gray, Dallas; Frits Larkln, S. F»; and Secy Herb Frochnow and Asat. Secy Bill Korsvik (16). 11/17/69

Buttonwood Club............. Dinner; guest of honor; off-the-cuff remarks.

Union League Club; invitation from Stuart Scott, Chairman of the Dinner. (Preaented with scroll, etc.) 11/18/69

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FEDBRAL RESERVE BQAKD (page 154)

American Council for Emigres (Hew School) Luncheon honoring Alvin Johnson on his 95th

birthday (12/13) and his co-founding 25 years ago of American Council for Emigres in the Profession* Brief off-the-cuff remarks about Alvin Johnson. Hotel Pierre . 11/20/69

Financial Follies 1969 dinner (its 31st) of Hew York Financial

Writers Association. President's table guest (invitation from Ted Ward of New York Post)* (Note: George Bookman inquired about presenting citation at dinner~~dlscouraged him), Americana Hotel, black tie . 11/21/69

Republican Congressmen's.*., breakfast (SOS Club). Capitol Hill Club,

Congressional Hotel 8 a.m. Invitation form Barber Conable of New York ., •.. 11/26/69

Berry Schools.... Meeting of the Board of Trustees 11/29/69

Republican Congressmen ..... Administrative Assistants. 6 p.m., office of

Congressman Henry Smith of New York, Cannon House Office Building—whose assistant, Russell Rourke was host. Invitation extended by Vince Honsell, Adm. Asst. to Congressman James Broyhill, who introduced Mr. Martin 12/1/69

Chairmen* a Conference Dinner. Mr. Martin1 s dinner for Chairmen and Deputy

Chairmen, 1925 F Street Club, 7 p.m., informal. Guests: John Fox, Deputy, Boston; Al Nickerson and James Hester, N.Y.; Willis Winn and Bob Yarnall (substituting for Pat England), Philadelphia; Albert Clay and Ward Kenner, Cleveland; Wilson Elkins and Bob Lawson, Richmond; John Wilson, Atlanta; Frank Lunding and Emerson Hlgdon, Chicago; Fred Peirce, St* Louis; Dave Lilly, Minneapolis (Bob Leach ill); Dolph Simons and Willard Hosford, Kansas City; Carl Thornsen, Max Levine, and Charlie Jones (to be deputy 1970), Dallas; Met Wilson and Al Halgren, S. F* Governors Robertson, Mitchell and Brloaner and Messrs. Holland, Partee, Bob Solomon, Hackley, Molony, Cardon, Hexter, Farrell, Fred Solomon and Ed Johnson (Total of 36) 12/3/69

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FEDERAL RESERVE BOARD (Page 155)

Chicago ........ First National Bank, and Federal Reserve Bank.

... Luncheon, First National Bank of Chicago, on occasion of Open House marking completion of Bank's new corporate headquarters and honoring Homer Livingston "who brought the new building into being/1 Invitation from Gaylord Freeman. Off-the-cuff remarks • ...• 12/10/69

Dinner, Chicago Fed and Detroit Branch officials and directors, Mid-American Club ............. 12/10/69

«•* a.m. joint meeting of boards of Chicago and Detroit, at Chicago Fed Building ...... 12/11/69

Bill Knox Christmas • Luncheon. The Biltmore, Slev York 12/12/69

Meeting with the Pres iden t Quadriad group, at the White House, 10 a. m.

P r e s e n t ; Mr. Mart in; Sec re t a ry Kennedy, T r e a s u r y ; Cha i rman McCracken, Council of Economic Adv i se r s ; Budget Direc tor Mayo; Ar thur Burns , Counsel lor to the P res iden t 12/15/6 9

(Note: Above meet ing preceded by breakfas t meet ing of quadriad group, and Under Sec re t a ry Char l s Walker of T r e a s u r y ) , Cosmos Club, 8 a. m 12/15

1970

BIS MEETING Basle, Switzerland (dinner hosted in Zurich by

President Stopper enroute); at time of January meeting luncheon held in honor of Karl Blessing and Mr. Martin, "retirees. n 1 /9-11/70

Independent Agency Wives . . . Luncheon and program at the board; Mrs. Burns a

special guest. Mrs. Martin welcomed group at luncheon; Mr. Martin spoke briefly. Program in Board Room headed by Governor Brimmer 1/14/70

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FEDERAL RESERVE BOARD Page 156

Dinner for FRBank Presidents . . . hosted by Mr. Martin, his home, informal. P r e s i ­

dent Bopp honorethon his impending retirement. Attended by all Presidents; Frank Morris, Al Hayes, Karl Bopp, Brad Hickman, Aubrey Heflin, Monroe Kimbrel, Charlie Scanlon, Darryl Francis , Hugh Galusha, George Gl&y> Phil Coldwell, Eliot Swan (total of 13). Gifts to Mr. Bopp and to Mr. Martin presented 1/14/70

FOMC luncheon honoring Mr. Martin. Presidents , Board, staff.

Dr. Burns also attended. Governor Robertson presented gifts from the Board—an antique weight, a book with signatures of Board's staff, directors , Presidents, etc. , and a Resolution naming the new building annex, the "William McChesney Martin Annex . 1/15/70

President Nixon's dinner honoring Mr. Martin. The White House, 8 p. m. ,

black tie. 110 guests, including Mrs. Martin's s i s ters and brother and famil ies; Mr. Martin's brother; little Cynthia; the Bill Biggses and Andy Overbys and Gabe Hauges. The White House 1/17/70

Board's 25-year service award luncheon (ceremony postponed because of conflict

with Board meeting) 1/20/70

Bankers Trust • . o. • . . • dinner for boards of directors and advisory group;

their building, NYC. 7 p. m. , black tie. Off-the-cuff and off-the-record remarks . . . 0 1/20/70

Exchequer Club luncheon. 12:30, Carlton; off-the-cuff remarks.

Invitation from Jerry Shay *. 1/21/70

Alfalfa Annual Dinner. . . Statler, black tie. Guests: Governors Robertson,

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FEDERAL RESERVE BOARD Page 157

Boston FRBank Directors meeting and luncheon 1/25-26/70

U. S. Steel dinner for officers and directors, Waldorf.

Invitation from Chairman Ed Gott 1/27/70

ABA Government Borrowing Committee presentation of citation on Mr. Martin's help over the years. his office, 11:15 a. m 1/28/70

Treasury Savings Bonds group presentation of Liberty Bell for help in

Savings Bonds Program. 3:15 p. m 1/28/70

Treasury Secretary's Dinner hosted by Secretary and Mrs. Kennedy and former

Secretaries Barr, Fowler, Dillon, and Anderson. F Street Club, black tie. Mr. and Mrs. Martin. .1/29/70

Goodbye reception Mr. Martin's, his office, 3 - 5 p, m 1/30/70

Burns Swearing in . . . . White House, with President Nixon presiding.

Oath administered by Justice Brennan. 11 a .m. 1/31/70

Treasury Savings Bonds . . .Tape for film script for promotional purposes.

Offices of Sears Roebuck (Mr. Wheeler), 4 p. m . . 2 /3 /70

New York FRBank Luncheon with officers and directors. 12:30 2 /5 /70

New York Clearing House Banks Dinner honoring Mr. Martin. Brook Club,

informal 2 /18 /70

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