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Wormser, Oliver

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The original documents are located in Box K40, folder "Wormser, Oliver, 1969 - 1978" of the Arthur F. Burns Papers, 1956 - 1990 at the Gerald R. Ford Presidential Library. Copyright Notice The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Arthur Burns donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections. Works prepared by U.S. Government employees as part of their official duties are in the public domain. The copyrights to materials written by other individuals or organizations are presumed to remain with them. If you think any of the information displayed in the PDF is subject to a valid copyright claim, please contact the Gerald R. Ford Presidential Library. Digitized from Box K40 of the Arthur F. Burns Papers, 1956 - 1990 at the Gerald R. Ford Presidential Library NATIONAL ARCHIVES AND RECORDS SERVICE WITHDRAWAL SHEET (PRESIDENTIAL LIBRARIES) FORM OF DOCUMENT CORRESPONDENTS OR TITLE DATE RESTRICTION 1. casefile Oliver Wormser to Burns, and attachment opened 5/18/89 5/5/77 C WHM 2. letter case, Wormser to Burns, 6/21,74 2a. telegram American Embassy Paris to Sec. of State, 7/6/74 A Paris 16498 re Wormser appointment to Bonn (8 pp. ) FILE LOCATION Arthur Burns Papers SR Name Correspondence File, Box K 40 8/1/84 Wormser, Olivier RESTRICTION CODES (A) Closed by Executive Order 12065 governing access to national security information. (B) Closed by statute or by the agency which originated the document. (C) Closed in accordance with restrictions contained in the donor's deed of gift. GENERAL SERVICES ADMINISTRATION GSA FORM 7122 (REV. 1-81) warman BOARD OF GOVERNORS May 3 1977 OF THE 72 me re Cherche. midi FEDER RESERVE SYSTEM Paris vio France 1977 MAY -9 PM 3:00 T°5487234 RECEIVED OFFICE OF THE CHAIRMAN Dear m2 Burns, LIBRARY GERALD ? FORD Thank you for your kind letter of a fril the 26 th and for the hamble you have taken about my ease. We are now, once again, in the small house of the we du Cherche hid where you. Same years ago-came to dinner, having left Bonn and the French Embassy en afril the 17th. As from the put of July, 4 shall be, as you may have heard, a member of the Board of the Rayal Dutch Cy. It is a good start, 1 behave. But I am hoping to find some other job both to invease my in come and to occupy my spare Time. [ am therefore most freatfull for what you are dooing on my behalf, yours very sencerely Olivia wonnser April 26, 1977 His Excellency Olivier Wormser Ambassador E. and P. Embassy of France Bonn, Germany Dear Olivier: I received your letter of several weeks ago, and I have since then made several discreet inquiries in your behalf among my business and financial friends. Two or three of them expressed genuine interest, but I do not as yet know what their decision may be. Please let me know if something has already materialised your way. If not, I shall certainly keep your problem well in mind. With every good wish, Sincerely yours, Arthur F. Burns AFB:ccm FORD i GERALD LIBRARY The Honorable Olivier WORMSER Honorary Governor Bank ot France Paris France My dear Wormser: 7/18/74 See Storage Files for complete file. FORD & LIBRARY 07V839 WORM SER 72 me on Cheiche hir Paris 735ARTP OF OF GOVERNORS TWD towf FEREBAL RESERVE YSTEM June the 2125k poils this I tall Two 1974 AUG -1 PM 2:40 OFFICE OF THE CHAIRMAN RECEIVED in Town GERAL Dear Doctor Burngest crusp you very much for your kind letter of June the 13th a but my r pan Ture from the Bank. I was, every Time you came over to Basle, for the BIS meeting, very pleased to talk things over with you. I den't know what I are going to do. It all defends on the Government! They were not too fleased with what I wrote about inflation in the Figaro of has the 25K". In any case do believe me if I say [ thall always 1) I hope you readit. you can fetit from the French Embassy. 133 M.S. ow start abreld st Doozf ning remember with freat deferest our Inferent ON conversations and that I will alway be ready all wat to meet you anywhere SERVI your's sincerely sobot rest Janest Twoy of Assund Brave Oning worker eving rod of L Twids ill MND P what Junes wp am.,T Love, GW I 2 it 1 prev, {Nitern 218 all soft Dasil of was info Hiss 3000 girlt NOT at Tyrold oh at 2~100 us I tod w word times I YOR anow palt it NO days 110 11 mid alfri tiods tosal 1 tatal His Tabely out and prp 11 "His M not lo anofit er in spould North 3 for I l' and reseled of productional livent it min tity and if that of July 18, 1974 My dear Wormser: Let me take this opportunity to congratulate you on your recent appointment as Ambassador to Bonn. At this important stage of Franco-German relations, it will be most fortunate to have someone with your wealth of experience in diplomacy and economics serving in the German capital. I wish you every success in your new position, and I look forward to seeing you in Bonn, hopefully before too long. With kindest personal regards, I am Sincerely yours, Arthur F. Burns The Honorable Olivier Wormser Honorary Governor Bank of France Paris, France DC/NB:slc FORD GERAL LIBRARY GERALD R. FORD LIBRARY This form marks the file location of item number 2a as listed on the pink form (GSA Form 7122, Withdrawal Sheet) at the front of the folder. June 13, 1974 My dear Wormser: I have learned of your departure from the Bank with a feeling of sadness. My visits to Basle have been infrequent, but I always looked forward to seeing you then. With you no longer coming to the BIS, Basle will lose the fascination it has held for me. Iconsole myself, however, with the thought that I may now come to Paris more often -- provided, of course, that you remain there. Once you've made your plans for the future, please let me know what they are. You are blessed with great talents and I am confident that you will achieve new distinction in whatever you may undertake. With best wishes, Sincerely yours, Arthur F. Burns The Honorable Olivier Wormser Honorary Governor Bank of France LIBRARY GERALD ? USE Paris, France February 27, 1974 Dear Mrs. Wormser: It was so very kind of you to send me a copy of "Atlas Biblique, # and I am looking forward to the opportunity of studying it in the near future. I hope, also, that I may have the pleasure of seeing you and Mr. Wormser either in Washington or Paris before too many days pass. With many thanks and kind regards, Sincerely yours, (signed) Arthur F. Burns Arthur F. Burns Mrs. Olivier Wormser % The Bank of France Paris, France CCM LIBRARY GERALD RD #991 June 1, 1973 The Honorable Olivier Wormser Governor Bank of France Paris, France Dear Governor Wormser: Chairman Burns has saked me to thank you for your recent letter regarding the forthcoming visit to the United States by Mr. Christian Madelin of the staff of the Bank of France. We would indeed be pleased to have Mr. Madelin visit the Board's offices when he comes to Washington; may I suggest that Mr. Madelin get in touch with me, and I will be happy to arrange for him to meet with members of the Board's staff. Sincerely yours, (Signed) George L. Spencer, Jr. George L. Spencer, Jr. Assistant to the Secretary of the Board GLS:red CC: Mrs. Mallardi #991 LIGARAY GERALD #991 HB TRANSLATION GLS Bank of France Paris, May 7, 1973 The Governor of the Bank of France to Mr. Arthur F. Burns Chairman of the Board of Governors of the Federal Reserve System Washington Mr. Chairman: Mr. Christian Madelin, Assistant First Class to the Management, is going to the United States for a stay of one year. Like his predecessors, he will devote the major part of his time to the study of American banking organization. On this occasion, I would be pleased if Mr. Madelin could meet your colleagues during the visit that he will, of course, make to Washington. Thank you in advance. Please accept, Mr. Chairman, the assurance of my most distinguished consideration. /signed/ Olivier Wormser in Translated by Yves Maroni:sc May 15, 1973 LIBRARY GERALO FORD Banque de France #441 Ives PARIS, le 7 mai 1973 maron (transest Le Gouverneurde la Banque de France à Mr. Arthur F. BURNS Chairman of the Board of Governors of the FEDERAL RESERVE SYSTEM WASHINGTON Monsieur le Président, M. Christian MADELIN, Adjoint de Direction de 1ère class se rend aux Etats-Unis pour un séjour d'un an. Comme ses prédécesseurs, il consacrera la majeure partie de son temps à l'étude de l'organisation bancaire américaine. A cette occasion, je serais heureux que M. MADELIN puiss rencontrer vos collaborateurs durant le séjour qu'il ne manquera pas de faire à Washington. Je vous remercie à l'avance et vous demande d'agréer, Monsieur le Président, l'assurance de ma considération la plus distinguée. Fliver Wounser FORD BOARD OF GOVERNORS GERALD OF THE LIBRARY FEDERAL RESERVE SYSTEM 1973 MAY 14 AM 10: 42 OFFICE OF RECEIVED THE CHAIRMAN January 15, 1973 Dear Oliver: One of the first things I want to do after returning to Washington is to thank you for your cordial hospitality during my visit to Paris. I greatly enjoyed the dinner at your attractive house, it was interesting for me to see your beautiful etchings, and I am thankful for the opportunity of seeing old friends such as Robert Marjolin and Raymond Barre. Please convey my warmest thanks and good wishes to your wife for a delightful evening. Sincerely yours, Arthur F. Burns The Honorable Olivier Wormser Governor Bank of France 39, rue Croix-des-Petits-Champs Paris, France RCBryanticmn LIBRARY GERALD R: FORD BOARD OF GOVERNORS UE DE FRANCE OF THE FEDERAL RESERVE SYSTEM LE GOUVERNEUR 1972OCT 10 AM 10: 46 October the 37d RECEIVED OFFICE OF THE CHAIRMAN Dear D' Burns, f A few lines to say how much I affreciated your Kmd hospitality and the friendly welcome of your colleagues of the Board of fovernors. Thank you also for having found enough Time for one very stimulating talk at the Sheraton Park Hotel. FORD & LIBRARY GERALD Hoping to see you in Paris soon, your's sincerely JUN 7 1972 Dear Governor Wormser: Thank you for your letter of May 15 regarding the forthcoming visit to the United States by Mr. Hubert Calloud of the staff of the Bank of France. Members of my staff are looking forward to meeting Mr. Calloud when he coses to visit the Board. Sincerely yours, (Signed) Arthur F. Burns Arthur F. Burne The Honorable Olivier Wornser Governor Bank of France Paris, France GLS:red CC: Mrs. Mallardi #637 Mr. Spencer GERALD R. FORD LIBRABA TRANSLATION 45 #637 Bank of France Paris, May 15, 1972 The Governor of the Bank of France to Mr. Arthur F. Burns Chairman of the Board of Governors of the FEDERAL RESERVE SYSTEM WASHINGTON Dear Mr. Chairman, Mr. Hubert Calloud, a First Deputy Manager, is going to the United States for a stay of one year. Like his predecessors, he will spend most of his time studying American banking practices. I would be grateful if at that time Mr. Calloud could meet with your colleagues during the visit to Washington that he will surely make. I thank you in advance and ask you to accept this expression of my highest esteem. I signed I Olivier Wormser Translated by: Rodney H. Mills, Jr. May 25, 1972 LIBRARY GERALD FORD Banque De France Paris, le 15 mai 19 72 #637 Le Gouverneur de la Banque de France à Mr. Arthur F. BURNS Chairman of the Board of Governors of the FEDERAL RESERVE SYSTEM WASHINGTON Monsieur le Président, M. Hubert CALLOUD, Adjoint de direction de 1re cl., se rend aux Etats-Unis, pour un séjour d'un an. Comme ses prédécesseurs il consacrera la majeure partie de son temps à l'étude de l'organisation bancaire américaine. A cette occasion, je serais heureux que M. CALLOUD puisse rencontrer vos collaborateurs durant le séjour qu'il ne manquera pas de faire à Washington. Je vous remercie à l'avance et vous demande d'agréer, Monsieur le Président, l'assurance de ma considération la plus distinguée. Thines Worninger GERALD R. FORD Mrs. Mallardi FEB 3 1972 The Honorable Olivier Wormser Governor Banque de France 1 rue de la Vrilliere Paris 1er France Dear Governor Wormser: As you know, the Board of Governors has the responsibility for supervising the international activities of member banks. In this connection, it has requested the staff to prepare 0 study on the basis of which guidelines could be developed to orient Board policy in this field over, say, the next decade. One part of this study deals with the general environment which is likely to surround such activities, particularly in the major industrialized countries. This would include such factors as prospective changes in (a) the financial infrastructure (especially the role of commercial banks); (b) official controls over banking, with special reference to foreign banks; and (c) international ac- tivities of domestic banks, and of domestic offices of foreign banks (e.g., Euro-currency markets). Mr. Robert L. Sammons, Associate Director of our Division of International Finance, will be in Europe in the near future, and would greatly appreciate the opportunity to discuss these matters with knowledgeable members of your staff, particularly those charged with bank supervisory and regulatory matters and those involved in forward planning, and possibly if time permits and you think it would be helpful, with someone in the national commercial banking fraternity. Please let us know whether this meets with your approvel. Convenient dates for Mr. Sammons would be February 21-22; if this would be impracticable, and you would like to suggest snother day between February 14 and 23 (excluding the 17th and 18th) perhaps you would also be kind enough to let us know as soon as possible, preferably by cable. FORD is LIBRARY 07V839 Governor Wormser -2- Thank you for cooperating in this matter, the outcome of which, I am sure, will be mutually beneficial. Sincerely yours, Arthur F. Burns CCI Mrs. Mallardi (2) RLS:rck 2/1/72 LIBRARY GERALD one TRANSLATION The Governor of the Bank of France Paris, October 4, 1971 Mister Chairman: On my return to Paris I want to express to you my appreciation of the warm welcome extended by you during the reception and luncheon by the Federal Reserve. I hope that during one of your future trips to France your time-table will allow you to visit the Bank, where my colleagues and I would be especially pleased to welcome you. [signed] Olivier Wormser Mr. A.F. Burns Chairman of the Board of Governors Federal Reserve System Translated by Jan W. Karcz:seb November 11, 1971 LIBRARY GERALD ? FORD AAZCZC YW984 FUR872 132853 RCA USWA CO FRPA 042 PARIS 42 7 1625 eply via RCA: call 558-4321 FEDRESERVE SEP 33 All RCA Global Telegram WASHI NGTONDC 1.0 GERALD R. FORD ATTENTION SECRETARIAT CHAIRMAN BURNS JE REMERCIE LE CHAIRMAN BURNS DE SON AIMABLE INVITATION STOP C EST AVEC PLAISIR QUE JE PARTICPERAI LE VENDREDI 1ER OCTOBRE A 13 HEURES AU DEJEUNER QUI SERA DONNE A LA FEDERAL RESERVE OLIVIER WORMSER BANFRA Reply via RCA: call 558-4321 Mrs. Mallardi MAY 17 1971 The Honorable Olivier Wormser Governor Banque de France 1 rue de la Vrilliere Paris 1er France Dear Governor Wormser: Thank you for your letter of May 5 in which you advise me of the forthcoming visit to this country of Mr. Denis FERMAN of the staff of the Bank of France. Members of my staff are looking forward to meeting him when he comes to visit the Board. Sincerely yours, Arthur F. Burns JWK:gae 5/14/71 CC: Mrs. Mallardi (2) LIBRARY GERALD R. FORM MAY 10 1971 Dear Governor Wormser: Thank you for your letter of April 30, together with the note written by the legal adviser of the Compagnie Francaise des Petroles. I want you to know that I have discussed the matter with very high officials of the Adminis- tration and that I plan to keep it under close sur- veillance. With warm good wishes, Sincerely, Arthur F. Burns The Honorable Oliver Wormser Governor Banque de France 1 rue de la Vrilliere Peris 1ˢᵗ, France RS:nss 5/7/71 cc: Mrs. Mallerdi LIBRARY GERALD ORD April 27, 1971 Dear Governor Wormser: I should like to express my warm appreciation to you for the cordial hospitality extended to me and my colleagues during my visit to Paris. I found our frank and friendly discussion to be extremely useful and I hope that we shall have frequent opportunities for such talks in the future. The elegant luncheon that you were kind enough to offer in my honor confirmed what I had always heard about the grace and taste of such occasions at the Bank of France. Please accept my best wishes and my hope that I shall be able to receive you here at the Board. Sincerely yours, Arthur F. Burns The Honorable Oliver Wormser Governor Banque de France 1 rue de la Vrilliere Paris, 19ʳ, France GERALD' FORD RS:cmn Mrs. Mallardi APR 14 1971 AIR MAIL The Honorable Olivier Wormser Governor Bank of France 39, rue Croix-des-Petits Champs Paris, France Dear Governor Wormser: Mr. Kyle K. Fossum, First Vice President of the Federal Reserve Bank of Atlanta, and Mr. Billy H. Hargett, one of the Vice Presidents of that Bank plan to visit several European central banks in late April and in early May. They would like to visit your Bank on Monday, May 10, and during their short stay would like to observe and discuss as many operations performed at the Bank of France as possible. They are particularly interested in currency and coin operations, inasmuch as they serve as chairmen of our joint Federal Reserve Bank Committees on Currency and Coin Services. I am writing to ask you to extend any assistance that they might require. Messrs. Fossum and Hargett will be accompanied by their wives and all arrangements for hotel accomodations during their stay in Paris have already been made. Sincerely yours, (Signed) Arthur F. Burns Arthur F. Burns ce: Mr. Fossum Mr. Holland R. Mrs. Mallardi (2) FORD JWK:rcn GERAL 4/13/71 LIBRARY The Honorable Oliver Wormser December 23, 1970. Governor, Bank of France Paris, France In the absence of Arthur Burns and on behalf of the entire Board of Governors, I want to thank you for your kind message and to express to you and your associates all our good wishes for the year ahead, Vice Chairman Robertson FEDRESERVE RS:mes LIBRARY GERALD R. FORD TRANSLATION CABLE TO FEDRESERVE WASHINGTON DC Attention Dr. Arthur F. Burns, Chairman, Board of Governors of the Federal Reserve System On behalf of the Bank of France and myself personally I want to extend to you and to all the Members of the Board our warmest wishes for the approaching New Year. Olivier Wormser, Bank of France Translated by Jan W. Karcz:gje GERALD R. FORD LIBRABY WEDNI AAZCZC YU690 FUR860 036869 USWA CO FRPA 062 PARIS 62 21 1453 Dec 21 9/31/11/70 FEDRESERVE weißerer MADA WASHINGTONDC ATTENTION DR HARTHUR F BURN S CHAIRMAN BOARD OF GOVERNOS OF TEH FEDERAL RESERVE SYSTEM - JE VOUS ADRESSE AU NOM DE LA BANQUE DE FRANCE ET EN MON NOM PERSONNEL LES VOEUX TRES CHALEUREUX DE NOUVELLE ANNEE QUE NOUS FORMONS POUR VOUS MEME ET LES MEMBRES DU FEDERAL RESERVE BOARD OLIVIER WORMSER BANFRA VT LR ARTHUR F BURNS GOVERNOS Pain 3 GERATO R. FORD LIBRARY The Honorable Oliver Wormsor December 23, 1970. Governor, Bank of France Peris, France In the absence of Arthur Burns and on behalf of the entire Board of Governors, I want to thank you for your kind message and to express to you and your associates all our good wishes for the year shead, Vice Chairman Robertson FEDRESERVE RS:nse FORD i LIBRARY GERALD AUG 13 1970 Dear Governor Wormser: Mr. Philip B. Coldwell, President of the Federal Reserve Bank of Dallas, will be visiting Paris on September 8-9. He would like to take the opportunity to call at your Bank and to meet with you and your associates. As President of a Reserve Bank and a member of the Federal Open Market Committee, Mr. Coldwell is concerned with economic and finan- cial developments both in the United States and in the rest of the world. Mr. Coldwell would be grateful if it were possi- ble to arrange to meet with some of the leading commercial bankers in Paris. Since this will be Mr. Coldwell's first visit to Paris, I have urged him not to spend all of his time on business but to be sure also to see the sights of your city. Sincerely yours, Arthur F. Burns The Honorable Oliver Wornser, Governor, Banque de France, 1 rue de la Vrilliere, Paris 1ᵉʳ, France. RS:nss cc: Mr. Coldwell GERALO LIBRARY Mrs. Mallardi JUL 27 1970 AIR MAIL The Honorable Olivier Wormser Governor Bank of France F-75 Paris ler Baite Postale No. 140-01 Paris, France Dear Governor Wormser: I have received your letter of July 21 and the attached copy of the provisional edition of the Twenty-fourth Annual Report of the National Credit Council. I deeply appreciate this important document being made available to us so promptly. Sincerely yours, Arthur F. Burns cc: Mrs. Mallardi (2) Mr. Karcz J. Hull (Return to European Section, showing date of mailing) JK/jmh/7/24/70 GERALD FORD LIBRAPT May 12, 1970. The Honorable Olivier Wormser, Governor, Bank of France, Paris, France. Dear Governor Wormser: Thank you for your letter of April 29. We will indeed be pleased to receive a visit from Mr. Serge Robert when he comes to Washington. I would suggest that, when convenient after arrival in the U.S., Mr. Robert contact Mr. George L. Spencer, Assistant to the Secretary of the Board, who will be happy to arrange a program of appointments and to see that Mr. Robert is accorded appropriate courtesies. It has always been a pleasure to have members of your staff here at the Board's offices from time to time, and we look forward to a close and continuing relationship of this nature. Sincerely yours, (Signed) Arthur F. Burns Arthur F. Burns cc: Mrs. Mallardi(2) Mr. R. Solomon Mr. Ghiardi Mr. Spencer Miss Griffin GLS:dr BERALD FORD LIBRARY

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    "ocrText": "The original documents are located in Box K40, folder \"Wormser, Oliver, 1969 - 1978\" of\nthe Arthur F. Burns Papers, 1956 - 1990 at the Gerald R. Ford Presidential Library.\nCopyright Notice\nThe copyright law of the United States (Title 17, United States Code) governs the making of\nphotocopies or other reproductions of copyrighted material. Arthur Burns donated to the United\nStates of America his copyrights in all of his unpublished writings in National Archives collections.\nWorks prepared by U.S. Government employees as part of their official duties are in the public\ndomain. The copyrights to materials written by other individuals or organizations are presumed to\nremain with them. If you think any of the information displayed in the PDF is subject to a valid\ncopyright claim, please contact the Gerald R. Ford Presidential Library.\nDigitized from Box K40 of the Arthur F. Burns Papers, 1956 - 1990 at the Gerald R. Ford Presidential Library\nNATIONAL ARCHIVES AND RECORDS SERVICE\nWITHDRAWAL SHEET (PRESIDENTIAL LIBRARIES)\nFORM OF\nDOCUMENT\nCORRESPONDENTS OR TITLE\nDATE\nRESTRICTION\n1. casefile\nOliver Wormser to Burns, and attachment\nopened 5/18/89\n5/5/77\nC\nWHM\n2. letter case, Wormser to Burns, 6/21,74\n2a. telegram\nAmerican Embassy Paris to Sec. of State,\n7/6/74\nA\nParis 16498 re Wormser appointment to Bonn\n(8 pp. )\nFILE LOCATION\nArthur Burns Papers\nSR\nName Correspondence File, Box K 40\n8/1/84\nWormser, Olivier\nRESTRICTION CODES\n(A) Closed by Executive Order 12065 governing access to national security information.\n(B) Closed by statute or by the agency which originated the document.\n(C) Closed in accordance with restrictions contained in the donor's deed of gift.\nGENERAL SERVICES ADMINISTRATION\nGSA FORM 7122 (REV. 1-81)\nwarman\nBOARD OF GOVERNORS\nMay 3 1977\nOF THE\n72 me re Cherche. midi\nFEDER RESERVE SYSTEM\nParis vio France\n1977 MAY -9 PM 3:00\nT°5487234\nRECEIVED\nOFFICE OF THE CHAIRMAN\nDear m2 Burns,\nLIBRARY GERALD ? FORD\nThank you for your kind letter of\na fril the 26 th and for the hamble you have\ntaken about my ease.\nWe are now, once again, in the small\nhouse of the we du Cherche hid where you.\nSame years ago-came to dinner, having left Bonn\nand the French Embassy en afril the 17th.\nAs from the put of July, 4 shall be, as you\nmay have heard, a member of the Board of the\nRayal Dutch Cy. It is a good start, 1 behave. But\nI am hoping to find some other job both to\ninvease my in come and to occupy my spare Time.\n[ am therefore most freatfull for what you are\ndooing on my behalf,\nyours very sencerely\nOlivia wonnser\nApril 26, 1977\nHis Excellency Olivier Wormser\nAmbassador E. and P.\nEmbassy of France\nBonn, Germany\nDear Olivier:\nI received your letter of several weeks ago, and\nI have since then made several discreet inquiries in your\nbehalf among my business and financial friends. Two or\nthree of them expressed genuine interest, but I do not as\nyet know what their decision may be. Please let me know\nif something has already materialised your way. If not,\nI shall certainly keep your problem well in mind.\nWith every good wish,\nSincerely yours,\nArthur F. Burns\nAFB:ccm\nFORD i GERALD LIBRARY\nThe Honorable Olivier WORMSER\nHonorary Governor\nBank ot France\nParis France\nMy dear Wormser:\n7/18/74\nSee Storage Files for complete file.\nFORD & LIBRARY 07V839\nWORM SER\n72 me on Cheiche hir\nParis 735ARTP OF\nOF GOVERNORS\nTWD towf\nFEREBAL RESERVE YSTEM\nJune the 2125k poils this I tall Two 1974 AUG -1 PM 2:40\nOFFICE OF THE CHAIRMAN\nRECEIVED\nin Town\nGERAL\nDear Doctor Burngest crusp\nyou very much for your kind\nletter of June the 13th a but my r pan Ture\nfrom the Bank. I was, every Time you came\nover to Basle, for the BIS meeting, very\npleased to talk things over with you.\nI den't know what I are going to do.\nIt all defends on the Government! They were not\ntoo fleased with what I wrote about inflation\nin the Figaro of has the 25K\". In any case\ndo believe me if I say [ thall always\n1) I hope you readit. you can fetit from the French Embassy.\n133 M.S. ow\nstart abreld st\nDoozf ning\nremember with freat deferest our Inferent\nON\nconversations and that I will alway be ready all wat\nto meet you anywhere\nSERVI\nyour's sincerely sobot rest\nJanest Twoy of Assund Brave Oning worker\neving rod of L Twids ill MND P what\nJunes wp am.,T Love, GW I 2 it 1\nprev, {Nitern 218 all soft Dasil of was\ninfo Hiss 3000 girlt NOT at Tyrold\noh at 2~100 us I tod w word times I\nYOR anow palt it NO days 110 11\nmid alfri tiods tosal 1 tatal His Tabely out\nand prp 11 \"His M not lo anofit er in\nspould North 3 for I l' and reseled of\nproductional livent it min tity and if that of\nJuly 18, 1974\nMy dear Wormser:\nLet me take this opportunity to congratulate you\non your recent appointment as Ambassador to Bonn. At\nthis important stage of Franco-German relations, it will\nbe most fortunate to have someone with your wealth of\nexperience in diplomacy and economics serving in the\nGerman capital.\nI wish you every success in your new position,\nand I look forward to seeing you in Bonn, hopefully before\ntoo long.\nWith kindest personal regards, I am\nSincerely yours,\nArthur F. Burns\nThe Honorable Olivier Wormser\nHonorary Governor\nBank of France\nParis, France\nDC/NB:slc\nFORD\nGERAL\nLIBRARY\nGERALD R. FORD LIBRARY\nThis form marks the file location of item number 2a\nas listed on the pink form (GSA Form 7122, Withdrawal Sheet)\nat the front of the folder.\nJune 13, 1974\nMy dear Wormser:\nI have learned of your departure from the Bank with\na feeling of sadness. My visits to Basle have been infrequent,\nbut I always looked forward to seeing you then. With you no\nlonger coming to the BIS, Basle will lose the fascination it\nhas held for me. Iconsole myself, however, with the thought\nthat I may now come to Paris more often -- provided, of course,\nthat you remain there.\nOnce you've made your plans for the future, please let\nme know what they are. You are blessed with great talents\nand I am confident that you will achieve new distinction in\nwhatever you may undertake.\nWith best wishes,\nSincerely yours,\nArthur F. Burns\nThe Honorable Olivier Wormser\nHonorary Governor\nBank of France\nLIBRARY GERALD ? USE\nParis, France\nFebruary 27, 1974\nDear Mrs. Wormser:\nIt was so very kind of you to send me a\ncopy of \"Atlas Biblique, # and I am looking forward\nto the opportunity of studying it in the near future.\nI hope, also, that I may have the pleasure\nof seeing you and Mr. Wormser either in Washington\nor Paris before too many days pass.\nWith many thanks and kind regards,\nSincerely yours,\n(signed) Arthur F. Burns\nArthur F. Burns\nMrs. Olivier Wormser\n% The Bank of France\nParis, France\nCCM\nLIBRARY GERALD RD\n#991\nJune 1, 1973\nThe Honorable Olivier Wormser\nGovernor\nBank of France\nParis, France\nDear Governor Wormser:\nChairman Burns has saked me to thank you for your\nrecent letter regarding the forthcoming visit to the United\nStates by Mr. Christian Madelin of the staff of the Bank of\nFrance.\nWe would indeed be pleased to have Mr. Madelin\nvisit the Board's offices when he comes to Washington; may\nI suggest that Mr. Madelin get in touch with me, and I will\nbe happy to arrange for him to meet with members of the\nBoard's staff.\nSincerely yours,\n(Signed) George L. Spencer, Jr.\nGeorge L. Spencer, Jr.\nAssistant to the Secretary\nof the Board\nGLS:red\nCC: Mrs. Mallardi\n#991\nLIGARAY GERALD\n#991\nHB\nTRANSLATION\nGLS\nBank of France\nParis, May 7, 1973\nThe Governor of the Bank of France\nto\nMr. Arthur F. Burns\nChairman of the Board of Governors of the\nFederal Reserve System\nWashington\nMr. Chairman:\nMr. Christian Madelin, Assistant First Class to the Management,\nis going to the United States for a stay of one year.\nLike his predecessors, he will devote the major part of his\ntime to the study of American banking organization.\nOn this occasion, I would be pleased if Mr. Madelin could meet\nyour colleagues during the visit that he will, of course, make to Washington.\nThank you in advance. Please accept, Mr. Chairman, the assurance\nof my most distinguished consideration.\n/signed/\nOlivier Wormser\nin\nTranslated by Yves Maroni:sc\nMay 15, 1973\nLIBRARY GERALO FORD\nBanque de France\n#441\nIves\nPARIS, le 7 mai 1973\nmaron\n(transest\nLe Gouverneurde la Banque de France\nà\nMr. Arthur F. BURNS\nChairman of the Board of Governors of the\nFEDERAL RESERVE SYSTEM\nWASHINGTON\nMonsieur le Président,\nM. Christian MADELIN, Adjoint de Direction de 1ère class\nse rend aux Etats-Unis pour un séjour d'un an.\nComme ses prédécesseurs, il consacrera la majeure partie\nde son temps à l'étude de l'organisation bancaire américaine.\nA cette occasion, je serais heureux que M. MADELIN puiss\nrencontrer vos collaborateurs durant le séjour qu'il ne manquera\npas de faire à Washington.\nJe vous remercie à l'avance et vous demande d'agréer,\nMonsieur le Président, l'assurance de ma considération la plus\ndistinguée.\nFliver Wounser\nFORD\nBOARD OF GOVERNORS\nGERALD\nOF THE\nLIBRARY\nFEDERAL RESERVE SYSTEM\n1973 MAY 14 AM 10: 42\nOFFICE OF RECEIVED THE CHAIRMAN\nJanuary 15, 1973\nDear Oliver:\nOne of the first things I want to do after returning to\nWashington is to thank you for your cordial hospitality\nduring my visit to Paris. I greatly enjoyed the dinner\nat your attractive house, it was interesting for me to\nsee your beautiful etchings, and I am thankful for the\nopportunity of seeing old friends such as Robert Marjolin\nand Raymond Barre. Please convey my warmest thanks\nand good wishes to your wife for a delightful evening.\nSincerely yours,\nArthur F. Burns\nThe Honorable Olivier Wormser\nGovernor\nBank of France\n39, rue Croix-des-Petits-Champs\nParis, France\nRCBryanticmn\nLIBRARY GERALD R: FORD\nBOARD OF GOVERNORS UE DE FRANCE\nOF THE\nFEDERAL RESERVE SYSTEM\nLE GOUVERNEUR\n1972OCT 10 AM 10: 46 October the 37d\nRECEIVED\nOFFICE OF THE CHAIRMAN\nDear D' Burns,\nf\nA few lines to say how\nmuch I affreciated your Kmd hospitality\nand the friendly welcome of your\ncolleagues of the Board of fovernors.\nThank you also for having\nfound enough Time for one very\nstimulating talk at the Sheraton Park\nHotel.\nFORD & LIBRARY GERALD\nHoping to see you in Paris soon,\nyour's sincerely\nJUN 7 1972\nDear Governor Wormser:\nThank you for your letter of May 15 regarding the\nforthcoming visit to the United States by Mr. Hubert\nCalloud of the staff of the Bank of France.\nMembers of my staff are looking forward to meeting\nMr. Calloud when he coses to visit the Board.\nSincerely yours,\n(Signed) Arthur F. Burns\nArthur F. Burne\nThe Honorable Olivier Wornser\nGovernor\nBank of France\nParis, France\nGLS:red\nCC: Mrs. Mallardi #637\nMr. Spencer\nGERALD R. FORD LIBRABA\nTRANSLATION\n45 #637\nBank of France\nParis, May 15, 1972\nThe Governor of the Bank of France\nto\nMr. Arthur F. Burns\nChairman of the Board of Governors of the\nFEDERAL RESERVE SYSTEM\nWASHINGTON\nDear Mr. Chairman,\nMr. Hubert Calloud, a First Deputy Manager, is going to\nthe United States for a stay of one year.\nLike his predecessors, he will spend most of his time\nstudying American banking practices.\nI would be grateful if at that time Mr. Calloud could\nmeet with your colleagues during the visit to Washington that he\nwill surely make.\nI thank you in advance and ask you to accept this\nexpression of my highest esteem.\nI\nsigned\nI\nOlivier Wormser\nTranslated by:\nRodney H. Mills, Jr.\nMay 25, 1972\nLIBRARY GERALD FORD\nBanque De France\nParis, le 15 mai\n19 72\n#637\nLe Gouverneur de la Banque de France\nà\nMr. Arthur F. BURNS\nChairman of the Board of Governors of the\nFEDERAL RESERVE SYSTEM\nWASHINGTON\nMonsieur le Président,\nM. Hubert CALLOUD, Adjoint de direction de 1re cl.,\nse rend aux Etats-Unis, pour un séjour d'un an.\nComme ses prédécesseurs il consacrera la majeure\npartie de son temps à l'étude de l'organisation bancaire\naméricaine.\nA cette occasion, je serais heureux que M. CALLOUD\npuisse rencontrer vos collaborateurs durant le séjour qu'il ne\nmanquera pas de faire à Washington.\nJe vous remercie à l'avance et vous demande d'agréer,\nMonsieur le Président, l'assurance de ma considération la plus\ndistinguée.\nThines Worninger\nGERALD R. FORD\nMrs. Mallardi\nFEB 3 1972\nThe Honorable Olivier Wormser\nGovernor\nBanque de France\n1 rue de la Vrilliere\nParis 1er France\nDear Governor Wormser:\nAs you know, the Board of Governors has the responsibility\nfor supervising the international activities of member banks. In\nthis connection, it has requested the staff to prepare 0 study on\nthe basis of which guidelines could be developed to orient Board\npolicy in this field over, say, the next decade.\nOne part of this study deals with the general environment\nwhich is likely to surround such activities, particularly in the\nmajor industrialized countries. This would include such factors\nas prospective changes in (a) the financial infrastructure (especially\nthe role of commercial banks); (b) official controls over banking,\nwith special reference to foreign banks; and (c) international ac-\ntivities of domestic banks, and of domestic offices of foreign banks\n(e.g., Euro-currency markets).\nMr. Robert L. Sammons, Associate Director of our Division\nof International Finance, will be in Europe in the near future, and\nwould greatly appreciate the opportunity to discuss these matters\nwith knowledgeable members of your staff, particularly those charged\nwith bank supervisory and regulatory matters and those involved in\nforward planning, and possibly if time permits and you think it would\nbe helpful, with someone in the national commercial banking fraternity.\nPlease let us know whether this meets with your approvel.\nConvenient dates for Mr. Sammons would be February 21-22; if this\nwould be impracticable, and you would like to suggest snother day between\nFebruary 14 and 23 (excluding the 17th and 18th) perhaps you would\nalso be kind enough to let us know as soon as possible, preferably\nby cable.\nFORD is LIBRARY 07V839\nGovernor Wormser\n-2-\nThank you for cooperating in this matter, the outcome\nof which, I am sure, will be mutually beneficial.\nSincerely yours,\nArthur F. Burns\nCCI Mrs. Mallardi (2)\nRLS:rck\n2/1/72\nLIBRARY GERALD one\nTRANSLATION\nThe Governor of the Bank of France\nParis, October 4, 1971\nMister Chairman:\nOn my return to Paris I want to express to you my\nappreciation of the warm welcome extended by you during the reception\nand luncheon by the Federal Reserve.\nI hope that during one of your future trips to France\nyour time-table will allow you to visit the Bank, where my colleagues\nand I would be especially pleased to welcome you.\n[signed]\nOlivier Wormser\nMr. A.F. Burns\nChairman of the Board of Governors\nFederal Reserve System\nTranslated by Jan W. Karcz:seb\nNovember 11, 1971\nLIBRARY GERALD ? FORD\nAAZCZC YW984 FUR872 132853\nRCA\nUSWA CO FRPA 042\nPARIS 42 7 1625\neply via RCA: call 558-4321\nFEDRESERVE\nSEP 33 All\nRCA Global Telegram\nWASHI NGTONDC\n1.0\nGERALD R. FORD\nATTENTION SECRETARIAT CHAIRMAN BURNS\nJE REMERCIE LE CHAIRMAN BURNS DE SON AIMABLE\nINVITATION STOP C EST AVEC PLAISIR QUE JE PARTICPERAI\nLE VENDREDI 1ER OCTOBRE A 13 HEURES AU DEJEUNER QUI SERA DONNE A LA\nFEDERAL RESERVE\nOLIVIER WORMSER BANFRA\nReply via RCA: call 558-4321\nMrs. Mallardi\nMAY 17 1971\nThe Honorable Olivier Wormser\nGovernor\nBanque de France\n1 rue de la Vrilliere\nParis 1er France\nDear Governor Wormser:\nThank you for your letter of May 5 in which you advise\nme of the forthcoming visit to this country of Mr. Denis FERMAN\nof the staff of the Bank of France.\nMembers of my staff are looking forward to meeting\nhim when he comes to visit the Board.\nSincerely yours,\nArthur F. Burns\nJWK:gae\n5/14/71\nCC: Mrs. Mallardi (2)\nLIBRARY GERALD R. FORM\nMAY 10 1971\nDear Governor Wormser:\nThank you for your letter of April 30,\ntogether with the note written by the legal adviser\nof the Compagnie Francaise des Petroles.\nI want you to know that I have discussed\nthe matter with very high officials of the Adminis-\ntration and that I plan to keep it under close sur-\nveillance.\nWith warm good wishes,\nSincerely,\nArthur F. Burns\nThe Honorable Oliver Wormser\nGovernor\nBanque de France\n1 rue de la Vrilliere\nPeris 1ˢᵗ, France\nRS:nss\n5/7/71\ncc: Mrs. Mallerdi\nLIBRARY GERALD ORD\nApril 27, 1971\nDear Governor Wormser:\nI should like to express my warm appreciation to you for the\ncordial hospitality extended to me and my colleagues during\nmy visit to Paris. I found our frank and friendly discussion\nto be extremely useful and I hope that we shall have frequent\nopportunities for such talks in the future.\nThe elegant luncheon that you were kind enough to offer in\nmy honor confirmed what I had always heard about the grace\nand taste of such occasions at the Bank of France.\nPlease accept my best wishes and my hope that I shall be\nable to receive you here at the Board.\nSincerely yours,\nArthur F. Burns\nThe Honorable Oliver Wormser\nGovernor\nBanque de France\n1 rue de la Vrilliere\nParis, 19ʳ, France\nGERALD'\nFORD\nRS:cmn\nMrs. Mallardi\nAPR 14 1971\nAIR MAIL\nThe Honorable Olivier Wormser\nGovernor\nBank of France\n39, rue Croix-des-Petits Champs\nParis, France\nDear Governor Wormser:\nMr. Kyle K. Fossum, First Vice President of the Federal\nReserve Bank of Atlanta, and Mr. Billy H. Hargett, one of the Vice\nPresidents of that Bank plan to visit several European central banks\nin late April and in early May.\nThey would like to visit your Bank on Monday, May 10, and\nduring their short stay would like to observe and discuss as many\noperations performed at the Bank of France as possible. They are\nparticularly interested in currency and coin operations, inasmuch\nas they serve as chairmen of our joint Federal Reserve Bank Committees\non Currency and Coin Services. I am writing to ask you to extend any\nassistance that they might require.\nMessrs. Fossum and Hargett will be accompanied by their\nwives and all arrangements for hotel accomodations during their stay\nin Paris have already been made.\nSincerely yours,\n(Signed) Arthur F. Burns\nArthur F. Burns\nce: Mr. Fossum\nMr. Holland\nR.\nMrs. Mallardi (2)\nFORD\nJWK:rcn\nGERAL\n4/13/71\nLIBRARY\nThe Honorable Oliver Wormser\nDecember 23, 1970.\nGovernor, Bank of France\nParis, France\nIn the absence of Arthur Burns and on behalf of the entire\nBoard of Governors, I want to thank you for your kind message\nand to express to you and your associates all our good wishes\nfor the year ahead,\nVice Chairman Robertson\nFEDRESERVE\nRS:mes\nLIBRARY GERALD R. FORD\nTRANSLATION\nCABLE TO FEDRESERVE WASHINGTON DC\nAttention Dr. Arthur F. Burns, Chairman, Board of Governors of the\nFederal Reserve System\nOn behalf of the Bank of France and myself personally I want to\nextend to you and to all the Members of the Board our warmest wishes\nfor the approaching New Year.\nOlivier Wormser, Bank of France\nTranslated by Jan W. Karcz:gje\nGERALD R. FORD LIBRABY\nWEDNI\nAAZCZC YU690 FUR860 036869\nUSWA CO FRPA 062\nPARIS 62 21 1453\nDec 21 9/31/11/70\nFEDRESERVE\nweißerer MADA\nWASHINGTONDC\nATTENTION DR HARTHUR F BURN S CHAIRMAN BOARD OF GOVERNOS\nOF TEH FEDERAL RESERVE SYSTEM -\nJE VOUS ADRESSE AU NOM DE LA BANQUE DE FRANCE ET EN MON NOM\nPERSONNEL LES VOEUX TRES CHALEUREUX DE NOUVELLE ANNEE QUE NOUS\nFORMONS POUR VOUS MEME ET LES MEMBRES DU\nFEDERAL RESERVE BOARD OLIVIER WORMSER BANFRA\nVT LR ARTHUR F BURNS GOVERNOS\nPain 3\nGERATO R. FORD LIBRARY\nThe Honorable Oliver Wormsor\nDecember 23, 1970.\nGovernor, Bank of France\nPeris, France\nIn the absence of Arthur Burns and on behalf of the entire\nBoard of Governors, I want to thank you for your kind message\nand to express to you and your associates all our good wishes\nfor the year shead,\nVice Chairman Robertson\nFEDRESERVE\nRS:nse\nFORD i LIBRARY GERALD\nAUG 13 1970\nDear Governor Wormser:\nMr. Philip B. Coldwell, President of the Federal\nReserve Bank of Dallas, will be visiting Paris on September\n8-9. He would like to take the opportunity to call at your\nBank and to meet with you and your associates. As President\nof a Reserve Bank and a member of the Federal Open Market\nCommittee, Mr. Coldwell is concerned with economic and finan-\ncial developments both in the United States and in the rest\nof the world.\nMr. Coldwell would be grateful if it were possi-\nble to arrange to meet with some of the leading commercial\nbankers in Paris.\nSince this will be Mr. Coldwell's first visit to\nParis, I have urged him not to spend all of his time on\nbusiness but to be sure also to see the sights of your city.\nSincerely yours,\nArthur F. Burns\nThe Honorable Oliver Wornser,\nGovernor,\nBanque de France,\n1 rue de la Vrilliere,\nParis 1ᵉʳ, France.\nRS:nss\ncc: Mr. Coldwell\nGERALO LIBRARY\nMrs. Mallardi\nJUL 27 1970\nAIR MAIL\nThe Honorable Olivier Wormser\nGovernor\nBank of France\nF-75 Paris ler\nBaite Postale No. 140-01\nParis, France\nDear Governor Wormser:\nI have received your letter of July 21 and the attached\ncopy of the provisional edition of the Twenty-fourth Annual\nReport of the National Credit Council.\nI deeply appreciate this important document being\nmade available to us so promptly.\nSincerely yours,\nArthur F. Burns\ncc: Mrs. Mallardi (2)\nMr. Karcz\nJ. Hull (Return to European Section, showing date of mailing)\nJK/jmh/7/24/70\nGERALD FORD LIBRAPT\nMay 12, 1970.\nThe Honorable Olivier Wormser,\nGovernor,\nBank of France,\nParis, France.\nDear Governor Wormser:\nThank you for your letter of April 29. We will indeed\nbe pleased to receive a visit from Mr. Serge Robert when he comes\nto Washington.\nI would suggest that, when convenient after arrival in\nthe U.S., Mr. Robert contact Mr. George L. Spencer, Assistant to\nthe Secretary of the Board, who will be happy to arrange a program\nof appointments and to see that Mr. Robert is accorded appropriate\ncourtesies.\nIt has always been a pleasure to have members of your\nstaff here at the Board's offices from time to time, and we look\nforward to a close and continuing relationship of this nature.\nSincerely yours,\n(Signed) Arthur F. Burns\nArthur F. Burns\ncc: Mrs. Mallardi(2)\nMr. R. Solomon\nMr. Ghiardi\nMr. Spencer\nMiss Griffin\nGLS:dr\nBERALD FORD LIBRARY"
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