CONTENTS

Discussions between the witnesses and members of the subcommittee:

Abraham Ribicoff.

Page
1, 2,

6, 7, 9-11, 15, 17, 29-34, 38, 40-44, 47, 48, 57, 59, 60, 65-70, 87, 97, 98,

107-112, 115, 118, 121, 126, 131, 132

Russell B. Long-.
Vance Hartke___

Harry F. Byrd, Jr.

Gaylord Nelson___

Wallace F. Bennett.

Paul J. Fannin_-_.

122-126
128-131

17-21

82, 96, 115-118

21, 22, 27-29, 32, 38, 82, 84-87, 100, 126
2, 11-15, 34-38, 60-63, 92, 94-96, 98, 99, 112-115

Clifford P. Hansen____ 15-17, 38, 39, 63, 65, 66, 70–72, 82, 87, 99, 100, 118-122

Administration Witnesses

Hon. John B. Connally, Secretary of the Treasury, accompanied by:
Hon. Paul A. Volcker, Under Secretary for Monetary Affairs;

Hon. John R. Petty, Assistant Secretary for International Affairs;
and Hon. Eugene T. Rossides, Assistant Secretary for Enforcement,
Tariff and Trade Affairs, and Operations__

Hon. Philip H. Trezise, Assistant Secretary of State for Economic Affairs__

Hon. Paul A. Volcker, Under Secretary of the Treasury for Monetary

Affairs

100

5

2

Public Witness

Robert V. Roosa, partner, Brown Brothers Harriman & Company, accom-

panied by T. Michael Long---

47

Communications

Englert, Hon. Roy T., acting General Counsel of the Treasury, letter to

Hon. Wilbur D. Mills__

26

Trezise, Hon. Philip H., Assistant Secretary of State for Economic Affairs,
letter to Senator Ribicoff___.

Pierce, Hon. Samuel R., Jr., General Counsel of the Treasury, memoranda

to Senator Bennett..

"IMF Managing Director Insists that U.S. Must Devalue Dollar".

"The Price of Gold is Not the Problem".

136

137

"The Thrust of History in International Monetary Reform”.

"A Dialogue In Special Drawing".

145

161

"Exchange Rate Reform?".

163

Questions submitted to the Department of the Treasury by Senator Wallace
F. Bennett, with the response of the Department-.
Question submitted to the Department of the Treasury, with the response
of the Department---

Statement of Hon. John B. Connally, Secretary of the Treasury and Gov-
ernor of the World Bank and International Monetary Fund for the
United States, at the Joint Annual Discussion of the International
Monetary Fund and the World Bank____
Tables:

Comparative prices of U.S. and Japanese automobiles in Washington,
D.C., and Tokyo---