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Ronald Reagan Presidential Library
Digital Library Collections
This is a PDF of a folder from our textual collections.
Collection: Roberts, John G.: Files
Folder Title: JGR/OPIC
(Overseas Private Investment Corporation)
(1 of 2)
Box: 35
To see more digitized collections visit:
https://reaganlibrary.gov/archives/digital-library
To see all Ronald Reagan Presidential Library inventories visit:
https://reaganlibrary.gov/document-collection
Contact a reference archivist at: [email protected]
Citation Guidelines: https://reaganlibrary.gov/citing
National Archives Catalogue: https://catalog.archives.gov/
1
To
Date
John 12/4 Time 10:25
WHILE YOU WERE OUT
M
Bruce OPIC Hatton
of
Phone
653-2902
Area Code
Number
Extension
TELEPHONED
PLEASE CALL Y
CALLED TO SEE YOU
WILL CALL AGAIN
WANTS TO SEE YOU
URGENT
RETURNED YOUR CALL
Message
ala
Operator
AMPAD
EFFICIENCY
23-020
THE WHITE HOUSE
WASHINGTON
November 26, 1984
MEMORANDUM FOR FRED F. FIELDING
FROM:
JOHN G. ROBERTS
856
SUBJECT:
OPIC Request for Letter from the President
You may recall that in late September William A. Delphos of
the Overseas Private Investment Corporation (OPIC) requested
that the President sign a letter to OPIC, requesting a
report on OPIC activities and accomplishments. By memoran-
dum to Delphos dated October 1, you declined to approve such
a letter, on the ground that OPIC had already prepared the
report and should not seek to justify it retroactively on
the basis of a Presidential request. You noted, however,
that you would not object to a letter from the President
being included in the report, so long as the letter did not
actually request the report.
Bruce Hatton of OPIC has now asked you to approve such a
letter, submitting a draft as well as a draft of a reply
from Craig Nalen, both of which would appear at the begin-
ning of the OPIC report. I have no legal objection to the
draft Presidential letter, which is similar to Presidential
letters that have opened past OPIC annual reports. Since
our office is in no position to approve the letter from a
policy standpoint, however, I recommend that we submit it to
Darman for whatever staffing he considers appropriate.
I also recommend a slight change in Nalen's proposed letter.
The opening clause -- "In reply to your letter of November ,
1984, -- should be deleted. As we told OPIC before, the
report is not in reply to anything the President has done.
Attached are draft memoranda to Darman and Hatton,
respectively.
Attachments
THE WHITE HOUSE
WASHINGTON
November 26, 1984
MEMORANDUM FOR BRUCE N. HATTON
ACTING VICE PRESIDENT, MARKETING
OVERSEAS PRIVATE INVESTMENT CORPORATION
FROM:
FRED F. FIELDING Orig. signed by FFF
COUNSEL TO THE PRESIDENT
SUBJECT:
OPIC Request for Letter from the President
I have reviewed the proposed letter from the President and
have no objection to it from a legal perspective. I have
submitted the letter for other appropriate clearances within
the White House; you should have a response shortly.
Consistent with my memorandum of October 1, 1984 to William
A. Delphos, however, the opening clause of the proposed
letter from OPIC President Craig A. Nalen must be deleted.
The report in question was not prepared in response to
anything the President has done. Stating that the report is
submitted "in reply" to the President's letter suggests
otherwise.
Attachment
FFF:JGR:aea 11/26/84
CC: FFFielding/JGRoberts/Subj/Chron
THE WHITE HOUSE
WASHINGTON
November 26, 1984
MEMORANDUM FOR RICHARD G. DARMAN
ASSISTANT TO THE PRESIDENT
FROM:
FRED F. FIELDING
COUNSEL TO THE
PRESIDENTIENED by FFF
SUBJECT:
OPIC Request for Letter from the President
Bruce Hatton, Vice President of the Overseas Private Invest-
ment Corporation (OPIC), has requested a letter from the
President to appear at the beginning of a report on OPIC
activities. He has submitted the attached draft. I have
reviewed the draft and have no objection to it from a legal
perspective; I forward it to you for whatever policy
clearance you consider appropriate. Also attached is a
draft letter from OPIC President Craig Nalen that would
appear with the President's letter. I have advised Hatton
that the opening clause of this letter must be deleted,
since the report was not in fact prepared in response to any
request from the President.
Attachment
FFF: JGR:aea 11/26/84
CC: FFFielding/JGRoberts/Subj/Chron
THE WHITE HOUSE
WASHINGTON
November 26, 1984
MEMORANDUM FOR BRUCE N. HATTON
ACTING VICE PRESIDENT, MARKETING
OVERSEAS PRIVATE INVESTMENT CORPORATION
FROM:
FRED F. FIELDING
COUNSEL TO THE PRESIDENT
SUBJECT:
OPIC Request for Letter from the President
I have reviewed the proposed letter from the President and
have no objection to it from a legal perspective. I have
submitted the letter for other appropriate clearances within
the White House; you should have a response shortly.
Consistent with my memorandum of October 1, 1984 to William
A. Delphos, however, the opening clause of the proposed
letter from OPIC President Craig A. Nalen must be deleted.
The report in question was not prepared in response to
anything the President has done. Stating that the report is
submitted "in reply" to the President's letter suggests
otherwise.
Attachment
FFF:JGR:aea 11/26/84
cc: FFFielding/JGRoberts/Subj/Chron
THE WHITE HOUSE
WASHINGTON
November 26, 1984
MEMORANDUM FOR RICHARD G. DARMAN
ASSISTANT TO THE PRESIDENT
FROM:
FRED F. FIELDING
COUNSEL TO THE PRESIDENT
SUBJECT:
OPIC Request for Letter from the President
Bruce Hatton, Vice President of the Overseas Private Invest-
ment Corporation (OPIC), has requested a letter from the
President to appear at the beginning of a report on OPIC
activities. He has submitted the attached draft. I have
reviewed the draft and have no objection to it from a legal
perspective; I forward it to you for whatever policy
clearance you consider appropriate. Also attached is a
draft letter from OPIC President Craig Nalen that would
appear with the President's letter. I have advised Hatton
that the opening clause of this letter must be deleted,
since the report was not in fact prepared in response to any
request from the President.
Attachment
FFF: JGR:aea 11/26/84
CC: FFFielding/JGRoberts/Subj/Chron
Honorable Craig A. Nalen
President
Overseas Private Investment Corporation
1129 20th Street, N.W.
Washington, D.C. 20527
Dear Craig:
It is with considerable pleasure that I congratulate the
Overseas Private Investment Corporation on the occasion of
its 15th Anniversary. Over the years, OPIC has been a
shining example of the type of government activity which
this Administration enthusiastically supports.
I have always believed that the U.S. business community
must participate in the development process of Third World
countries through investment in these emerging nations.
OPIC has demonstrated that this process not only helps
transfer technology and creates new jobs in the developing
world, but at the same time it strengthens our own economy
through increased exports and new jobs back here at home.
At the start of my Administration, I stated that
government should be run on a businesslike basis. The
fact that OPIC's steadily increasing level of earnings
allowed your agency to return to the Treasury its original
Congressional appropriation of $106 million, speaks for
itself.
A Government agency that aids the development process of
emerging nations around the world, stimulates our own
economy, actually operates at a profit and even returns
money to the taxpayer deserves special recognition.
Congratulations to OPIC on an outstanding performance.
Sincerely,
Ronald Reagan
Dear Mr. President:
In reply to your letter of November , 1984, it is a
privilege to report to you on the activities of the
Overseas Private Investment Corporation over the past four
years.
This year's report has been designed to cover two
areas: first, it serves as our customary Annual Report,
addressing primarily those OPIC activities during 1984;
and secondly, we have attempted to provide a report on
"OPIC in the '80s", which is essentially a summary that
reflects the impact many of our programs have had on this
Agency's operations over the past four years.
OPIC is pleased to report significantly higher levels
of activity over a broad area. We are particularly proud
of the increase in business volume during the past four
years, not only measured in revenues but also in terms of
number of projects handled; the number of new jobs created
both overseas and here in the U.S.; the increasing
proportion of our programs aimed specifically at small
business, and the bottom line impact which has enabled us
to significantly increase our already ample reserves as
well as "burn the mortgage" by returning our original
start-up appropriation of $106 million to the U.S.
Treasury.
-2-
The accomplishments highlighted in the report reflect
another point worth underscoring: the quality of our
people. The fact that an organization of OPIC's
relatively small size can make a reasonably important
impact on the international marketplace speaks well of the
professionalism and enthusiasm of our people. I might add
that there has been no appreciable increase in the size of
our staff over the past four-year period, during which
time our level of business has more than tripled.
We appreciate the recognition you have given this
Agency for its accomplishments, and I can assure you that
OPIC's momentum will continue for many years to come.
Sincerely,
Craig A. Nalen
ID #
277207
CU
WHITE HOUSE
CORRESPONDENCE TRACKING WORKSHEET
FG221
0 OUTGOING
H INTERNAL
I INCOMING
Date Correspondence
Received (YY/MM/DD)
/
/
Name of Correspondent:
Bourse N. Hatton
MI Mail Report
User Codes: (A)
(B)
(C)
Subject:
OPIC request for letter from
the report President for their annual
ROUTE TO:
ACTION
DISPOSITION
Tracking
Type
Completion
Action
Date
of
Date
Office/Agency
(Staff Name)
Code
YY/MM/DD
Response
Code
YY/MM/DD
WHolland
ORIGINATOR
84,11,1945
/
/
WAT18
Referral Note:
D
84,11,19 WS
5 84,11,29
Referral Note:
WS
/
/
/
/
Referral Note:
/
/
/
/
-
Referral Note:
/
/
/
/
I
Referral Note:
ACTION CODES:
DISPOSITION CODES:
A Appropriate Action
I Info Copy Only/No Action Necessary
A Answered
C Completed
C Comment/Recommendation
R. Direct Reply w/Copy
B - Non-Special Referral
S Suspended
D Draft Response
S - For Signature
F - Furnish Fact Sheet
X Interim Reply
to be used as Enclosure
FOR OUTGOING CORRESPONDENCE:
Type of Response = Initials of Signer
Code = "A"
Comments:
See ID 26/87rcu
Completion Date = Date of Outgoing
Keep this worksheet attached to the original incoming letter.
Send all routing updates to Central Reference (Room 75, OEOB).
Always return completed correspondence record to Central Files.
Refer questions about the correspondence tracking system to Central Reference, ext. 2590.
5/81
OPIC
Overseas
Private
Investment
Corporation
1129 20th Street, N.W.
Washington, D.C. 20527
(202) 653-2920
Telex: 440227 OPIC UI
November 15, 1984
277207 CU
MEMORANDUM FOR FRED F. FIELDING
Counsel to the President
The White House
SUBJECT:
Request for Letter From the President
In your memorandum to Bill Delphos, dated October 1,
1984, you stated that you would have no objection to
a letter from the President to be used in an OPIC
report, as long as the letter was not framed as a
request for such a report. We have revised our
original intention to issue a "special" report and
plan to include some of the original report material
in our annual report. We would be most appreciative
if you would approve the attached draft for use as an
introduction to that report. I have included, for
information, a draft reply letter from OPIC President
Craig Nalen which would immediately follow the
President's letter.
Thank you for your favorable consideration of this
request.
Bruce N. Hatton
Acting Vice President
Marketing
Attachment
Honorable Craig A. Nalen
President
Overseas Private Investment Corporation
1129 20th Street, N.W.
Washington, D.C. 20527
Dear Craig:
It is with considerable pleasure that I congratulate the
Overseas Private Investment Corporation on the occasion of
its 15th Anniversary. Over the years, OPIC has been a
shining example of the type of government activity which
this Administration enthusiastically supports.
I have always believed that the U.S. business community
must participate in the development process of Third World
countries through investment in these emerging nations.
OPIC has demonstrated that this process not only helps
transfer technology and creates new jobs in the developing
world, but at the same time it strengthens our own economy
through increased exports and new jobs back here at home.
At the start of my Administration, I stated that
government should be run on a businesslike basis. The
fact that OPIC's steadily increasing level of earnings
allowed your agency to return to the Treasury its original
Congressional appropriation of $106 million, speaks for
itself.
A Government agency that aids the development process of
emerging nations around the world, stimulates our own
economy, actually operates at a profit and even returns
money to the taxpayer deserves special recognition.
Congratulations to OPIC on an outstanding performance.
Sincerely,
Ronald Reagan
Dear Mr. President:
In reply to your letter of November , 1984, it is a
privilege to report to you on the activities of the
Overseas Private Investment Corporation over the past four
years.
This year's report has been designed to cover two
areas: first, it serves as our customary Annual Report,
addressing primarily those OPIC activities during 1984;
and secondly, we have attempted to provide a report on
"OPIC in the '80s", which is essentially a summary that
reflects the impact many of our programs have had on this
Agency's operations over the past four years.
OPIC is pleased to report significantly higher levels
of activity over a broad area. We are particularly proud
of the increase in business volume during the past four
years, not only measured in revenues but also in terms of
number of projects handled; the number of new jobs created
both overseas and here in the U.S.; the increasing
proportion of our programs aimed specifically at small
business, and the bottom line impact which has enabled us
to significantly increase our already ample reserves as
well as "burn the mortgage" by returning our original
start-up appropriation of $106 million to the U.S.
Treasury.
-2-
The accomplishments highlighted in the report reflect
another point worth underscoring: the quality of our
people. The fact that an organization of OPIC's
relatively small size can make a reasonably important
impact on the international marketplace speaks well of the
professionalism and enthusiasm of our people. I might add
that there has been no appreciable increase in the size of
our staff over the past four-year period, during which
time our level of business has more than tripled.
We appreciate the recognition you have given this
Agency for its accomplishments, and I can assure you that
OPIC's momentum will continue for many years to come.
Sincerely,
Craig A. Nalen
THE WHITE HOUSE
WASHINGTON
September 24, 1984
MEMORANDUM FOR FRED F. FIELDING
FROM:
JOHN G. ROBERTS
826R
SUBJECT:
Presidential Letter for OPIC Report
William Delphos, Vice President of the Overseas Private
Investment Corporation (OPIC), has asked that the President
sign a letter to OPIC President Craig Nalen, requesting a
review of OPIC's accomplishments over the past four years.
The letter would be reprinted in a glossy report OPIC is
preparing, outlining its dramatic advances during the
present Administration.
Letters from the President have appeared at the beginning of
past OPIC annual reports. The form, however, has been a
general extolling of the role played by OPIC, rather than a
request for the report itself. The instant request for a
letter is additionally unusual in that the report to be
introduced by the letter is not the required annual report
but a special report to commemorate the fifteenth anniversary
of OPIC, with particular emphasis on the last four years.
I have no objection to a letter from the President similar
to the letters he has sent in the past to introduce OPIC
annual reports, but I am uncomfortable with having the
President actually request this special OPIC report. In the
first place, it would be disingenuous, since OPIC decided to
issue the special report (it is complete except for the
President's letter) entirely on its own and not in response
to a request from the President. Second, if the report is
issued as if in response to a request from the President,
there is the danger that it will appear to be politically
motivated. OPIC hopes to issue the report very quickly,
certainly before the election, and a letter from the
President requesting such a laudatory report at this time
could raise suspicions. Finally, OPIC officials could be
concerned about whether preparing and issuing such a special
report is an appropriate use of their funds. I have
discussed this request with Bruce Hatton of OPIC, and have
received no satisfactory explanation of why a request for
the report should come from the President. This leads me to
believe that OPIC may be trying to obtain a retroactive
request from the President to justify a prior decision.
- 2 -
The attached memorandum for Delphos declines to approve
signing of the letter as submitted, but notes that a re-
submitted letter not containing an actual request for the
special report would receive more favorable consideration.
Attachment
THE WHITE HOUSE
WASHINGTON
October 1, 1984
MEMORANDUM FOR WILLIAM A. DELPHOS
VICE PRESIDENT
OVERSEAS PRIVATE INVESTMENT CORPORATION
FROM:
COUNSEL TO THE PRESIDENT /s/
FRED F. FIELDING
SUBJECT:
OPIC Request for Letter From the President
You have requested that the President sign a letter to OPIC
President Craig A. Nalen, requesting a report of OPIC
activities and accomplishments. It is our understanding
that as a matter of fact, OPIC has already prepared such a
report, and would like to introduce it with a letter from
the President. This office would have no objection to a
letter from the President being included at the beginning of
the special OPIC report, but I cannot approve an actual
request for the report in the letter.
Thank you for ráising this matter with us.
FFF: JGR:aea 10/1/84
CC: FFFielding/YGRoberts/SUbj/Chror
THE WHITE HOUSE
WASHINGTON
October 1, 1984
MEMORANDUM FOR WILLIAM A. DELPHOS
VICE PRESIDENT
OVERSEAS PRIVATE INVESTMENT CORPORATION
FROM:
FRED F. FIELDING
COUNSEL TO THE PRESIDENT
SUBJECT:
OPIC Request for Letter From the President
You have requested that the President sign a letter to OPIC
President Craig A. Nalen, requesting a report of OPIC
activities and accomplishments. It is our understanding
that as a matter of fact, OPIC has already prepared such a
report, and would like to introduce it with a letter from
the President. This office would have no objection to a
letter from the President being included at the beginning of
the special OPIC report, but I cannot approve an actual
request for the report in the letter.
Thank you for raising this matter with us.
FFF: JGR:aea 10/1/84
CC: FFFielding/JGRoberts/SUbj/Chron
THE WHITE HOUSE
WASHINGTON
September 24, 1984
MEMORANDUM FOR WILLIAM A. DELPHOS
VICE PRESIDENT
OVERSEAS PRIVATE INVESTMENT CORPORATION
FROM:
FRED F. FIELDING
COUNSEL TO THE PRESIDENT
SUBJECT:
OPIC Request for Letter From the President
You have requested that the President sign a letter to OPIC
President Craig A. Nalen, requesting a report of OPIC
activities and accomplishments. It is our understanding
that OPIC has prepared such a report, and would like to
introduce it with a letter from the President. This office
would have no objection to a letter from the President being
included at the beginning of the special OPIC report, but I
cannot approve an actual request for the report in the
letter.
A letter of the sort you submitted presents an historically
inaccurate picture, since OPIC embarked on plans for this
special report without receiving a request for it from the
President. Furthermore, in light of the political season,
there is the danger that such a request would be misconstrued
as an effort to enlist OPIC in the campaign. I would,
however, be happy to consider a revised draft, more along
the lines of the letter from the President in the 1981 OPIC
annual report.
Thank you for raising this matter with us.
FFF:JGR:aea 9/24/84
CC: FFFielding/JGRoberts/Subj/Chron
261877
ID #.
CU
JV
WHITE HOUSE
FG 221
CORRESPONDENCE TRACKING WORKSHEET
o . OUTGOING
7 JR
H * INTERNAL
I . INCOMING
Date Correspondence
Received (YY/MM/DD)
/
/
Name of Correspondent:
William a. Delphos
MI Mail Report
User Codes: (A)
(B)
(C)
Subject:
Presidential report Letter for OPIC
ROUTE TO:
ACTION
DISPOSITION
Tracking
Type
Completion
Action
Date
of
Date
Office/Agency
(Staff Name)
Code
YY/MM/DD
Response
Code
YY/MM/DD
WHolland
ORIGINATOR DD 84,09,18
/
/
Referral Note:
WAT18
A/D D8/109,19
5 84,09,29
Referral Note:
/
/
/
/
-
Referral Note:
/
/
/
/
-
Referral Note:
/ /
/
/
-
Referral Note:
ACTION CODES:
DISPOSITION CODES:
A * Appropriate Action
I . Info Copy Only/No Action Necessary
A Answered
C Completed
C - Comment/Recommendation
R Direct Reply w/Copy
B . Non-Special Referral
S Suspended
D - Draft Response
S For Signature
F - Furnish Fact Sheet
X Interim Reply
to be used as Enclosure
FOR OUTGOING CORRESPONDENCE:
Type of Response = Initials of Signer
DDU
Code = "A"
Completion Date = Date of Outgoing
Comments: Sepis 84 David Waller
Keep this worksheet attached to the original incoming letter.
Send all routing updates to Central Reference (Room 75, OEOB).
Always return completed correspondence record to Central Files.
Refer questions about the correspondence tracking system to Central Reference, ext. 2590.
5/81
THE WHITE HOUSE
WASHINGTON
September 18, 1984
FOR:
FRED F. FIELDING
FROM:
DAVID B. WALLER
mg
William Delphos, Vice President of OPIC, has requested our
assistance in obtaining a letter from the President to Craig
Nalen, President of OPIC, requesting a report of that
organization's accomplishments and activities during the past
four years. That letter and Nalen's response would thereafter
appear in a report OPIC is currently preparing. Mr. Delphos has
attached drafts of both letters, along with copies of past OPIC
Annual Reports.
Please staff for preparation of an appropriate response.
OPIC
Overseas
Private
Investment
201877m
Corporation
1129 20th Street, N.W.
Washington, D.C. 20527
(202) 653-2920
Telex: 440227 OPIC UI
September 14, 1984
MEMORANDUM
TO
: David B. Waller
FROM
: William A. Delphosi,
SUBJECT
: Presidential letter for OPIC document
Based on our discussion earlier today, I am enclosing a
package which will describe OPIC's request for a letter from
the President. Your assistance in this matter is most
appreciated.
P.S. ATTACHED 15 A RECENT PICTURE OF
SOMEONE you SHOULD MEET !
OPIC REPORT TO THE PRESIDENT - A FOUR YEAR REVIEW
The report is a fifteen year (anniversary) review of the
Overseas Private Investment Corporation with special emphasis
on the past four years.
The report is introduced by copies of the correspondence
exchanged between the President and Craig Nalen. It then
describes OPIC activities and results, with special attention
paid to those principles which the Reagan Administration has
stressed as being critical to effective government. The report
details the "Results" of OPIC operations: Insurance, Finance,
Developmental Effects, US Effects using both text and graphs.
Next, it highlights OPIC's small business efforts again with
text and graphs, and then focuses on the Caribbean as
illustrative of the small business effort. Lastly, the report
looks at the future of OPIC's programs, based upon the
foundation built through the private sector initiative during
the past four years.
OPIC has previously used letters and statements by the
President as an integral part of its annual reports - see
attachments
Attachments: (A) Exchange of correspondence between the
President and Craig Nalen
(B) Copies of Annual Reports
(C) Example of "Results" page
Honorable Craig A. Nalen
President
Overseas Private Investment Corporation
1129 20th Street, N.W.
Washington, D. C. 20527
Dear Craig:
In reviewing the Administration's achievements over the past
four years, it occurs to me that the Overseas Private
Investment Corporation occupies a rather unique position within
the Executive Branch. As a self sufficient government
corporation, OPIC and its programs appear to embody many of
those characteristics and tenets which we have cited as
desirable, even necessary, for cost effective and efficient
government. Specifically, the OPIC mandate relies heavily on
private sector involvement, stipulates that OPIC operate
entirely from its own earnings (not appropriated funds),
requires that its investment decisions be based upon sound
principles of risk management, and dictates that a special
effort be made on behalf of American small business.
As we seek to continue, and reinforce, these principles of good
government over the next four years, I would be most interested
in a report of your activities and accomplishments to date.
Because your programs so well reflect the spirit of government
to which this Administration is firmly committed, your
achievements could serve as a powerful example of how that
spirit is working for the American taxpayer.
Sincerely,
Ronald Reagan
Dear Mr. President:
In reply to your thought ful letter of
, it is indeed
a privilege to report to you on the activities and
accomplishments of the Overseas Prvate Investment Corporation
over the past four years.
Your assessment of OPIC's unique role within the government is
both appropriate and timely and I am pleased to inform you that
our record of the past four years has been, by all accounts, an
impressive one. This is particularly true in those areas which
you outlined in your letter, namely, involvement of the private
sector, reliance upon sound business decision making, self
sufficiency without need for government funding, and special
efforts with respect to small business.
The attached report highlights the results of our operations
over the past four years. It also describes how we attained
those results, using the small business effort as an
illustration. Included under the heading of small business
activities is another subject which I know to be of particular
interest to you, the Caribbean Basin. Finally, we glance
briefly at the future of OPIC using as a basis the solid
foundation that has been built during your Administration.
The successes outlined in this report illustrate yet another
characteristic that I believe has been a hallmark of this
Adpinistration: the quality of its people. The magnitude of
OPIC's success far outweighs the proportionate size of the
agency and this is due almost entirely to the professionalism
and enthusiasm of its employees.
I appreciate this opportunity to review for you our
accomplishments and trust they meet the high standards which
you have set for public service. Moreover, I believe, as you
do, that OPIC can well serve as a model for effective
government and will continue to do so for many years to come.
Most Sincerely,
Craig A. Nalen
FINANCE
THE
90
COMMITTMENTS
4000
&
ANNUAL
RESULTS
3800
AVERAGE
70
TOTAL
1971-1984
3600
INSURANCE VOLUME
60
3400
$ Bi Ilions)
$8.5
($ MILLIONS)
a
100
40
90
5200
30
80
3000
126
to
TO
2800
10
60
10 YEARS
4 YEARS
0
2600
n- 71-80
X 'B4
1971 to
1981 to
1980
1984
2400
(SMILLIONS)
50
40
30
AVERAGE
20
2200
NET
10
2000
PROFITS
0
1971-1984
1971 to
1981 to
1800
1980
1984
1600
1400
45
w
1200
36
INSURANCE
1000
to
VOLUME
too
1971-1984
400
(NUMBER OF STUDIES)
25
TEASIBILITY
600
20
STUDIES
1971-1984
IS
10
% SMALL
200
BUSINESS
5
0
0
71 T2 73 74 75 76 77 78 79 to 9/ 82 $3 84
1971-1980
1981
1982
1983
1984
YEARS OF OPERATION
(Average)
THE WHITE HOUSE
WASHINGTON
December 7, 1984
MEMORANDUM FOR RICHARD G. DARMAN
ASSISTANT TO THE PRESIDENT
FROM:
ASSOCIATE COUNSEL 82R TO THE PRESIDENT
JOHN G. ROBERTS
SUBJECT:
Revised OPIC Letter from the President
Counsel's Office has reviewed the proposed letter from the
President to the Overseas Private Investment Corporation
(OPIC), as revised by the Office of Management and Budget,
and finds no objection to it from a legal perspective. The
letter should be sent to OPIC in care of Bruce Hatton,
Acting Vice President, Marketing.
Attachment
ID #
CU
WHITE HOUSE
CORRESPONDENCE TRACKING WORKSHEET
o OUTGOING
H INTERNAL
I - INCOMING
Date Correspondence
Received (YY/MM/DD)
/
/
Name of Correspondent:
Richard Darman
MI Mail Report
User Codes: (A)
(B)
(C)
Subject: Revised OPIC letter from the President
ROUTE TO:
ACTION
DISPOSITION
Tracking
Type
Completion
Action
Date
of
Date
Office/Agency
(Staff Name)
Code
YY/MM/DD
Response
Code
YY/MM/DD
Cutton
ORIGINATOR 84,12,06
/ /
Referral Note:
CURT 18
R
84,12,06
S84112107
Referral Note:
/ /
/
/
I
Referral Note:
/ /
/
/
-
Referral Note:
/ /
/ /
-
Referral Note:
ACTION CODES:
DISPOSITION CODES:
A Appropriate Action
I - Info Copy Only/No Action Necessary
A Answered
C Completed
C Comment/Recommendation
R - - Direct Reply w/Copy
B - Non-Special Referral
S Suspended
D Draft Response
S - For Signature
F Furnish Fact Sheet
X Interim Reply
to be used as Enclosure
FOR OUTGOING CORRESPONDENCE:
Type of Response = Initials of Signer
Code = "A"
Completion Date = Date of Outgoing
Comments:
Keep this worksheet attached to the original incoming letter.
Send all routing updates to Central Reference (Room 75, OEOB).
Always return completed correspondence record to Central Files.
Refer questions about the correspondence tracking system to Central Reference, ext. 2590.
5/81
Document No.
WHITE HOUSE STAFFING MEMORANDUM
12/6/84
12/7/84
DATE:
ACTION/CONCURRENCE/COMMENT DUE BY:
REVISED OPIC LETTER FROM THE PRESIDENT
SUBJECT:
ACTION FYI
ACTION FYI
VICE PRESIDENT
MURPHY
MEESE
OGLESBY
BAKER
ROGERS
DEAVER
SPEAKES
STOCKMAN
SVAHN
DARMAN
P
SS
VERSTANDIG
FIELDING
WHITTLESEY
FULLER
HERRINGTON
HICKEY
McFARLANE
McMANUS
REMARKS:
OMB has rewritten the attached letter. NSC and the Offices of
Policy Development and Cabinet Affairs have no objection to it.
May we have your comments by tomorrow, December 7. Thank you.
RESPONSE:
1984 DEC -6 6 BY 4: 48
Richard G. Darman
Assistant to the President
Ext. 2702
OFFICE OF RESIDERL UNITED
EXECUTIVE OFFICE OF THE PRESIDENT
12:45
OFFICE OF management AND BUDGET
WASHINGTON, D.C. 20503
December 4, 1984
MEMORANDUM TO: RICHARD G. DARMAN
FROM:
Alton G. Keel
R
SUBJECT:
OPIC Request for Letter from the President
Attached is a suggested re-write of the requested letter from the
President. By toning down the praise of OPIC, I believe the
revision is more appropriate for this stage of the 1986 budget
budget process. While decisions on OPIC funding have not been
made, the President should avoid making laudatory statements
which may prove inconsistent with later decisions.
Attachment
THE WHITE HOUSE
WASHINGTON
Honorable Craig A. Nalen
President
Overseas Private Investment Corporation
1129 20th Street, N.W.
Washington, D.C. 20527
Dear Craig:
It is with considerable pleasure that I congratulate the Overseas
Private Investment Corporation on the occasion of its 15th
Anniversary.
I have always believed that the U.S. business community must
participate in the development process of Third World countries
through investment in these emerging nations. This participation
not only helps transfer technology and create new jobs in the
developing world, but at the same time it strengthens our own
economy through increased exports and new jobs.
At the start of my Administration, I stated that government
should be run on a businesslike basis. The fact that OPIC's
steadily increasing level of earnings allowed your agency to
return to the Treasury its original Congressional appropriation
of $106 million speaks for itself.
Congratulations to OPIC on its success in showing the private
sector the benefits of full participation in the development
process in the Third World.
Sincerely,
Ronald Reagan
OVERSEAS PRIVATE INVESTMENT CORPORATION
WASHINGTON, D.C. 20527, U.S.A.
OFFICE OF THE
PRESIDENT
December 12, 1984
Mr. John G. Roberts, Jr.
Associate Counsel to the President
The White House
Washington, D. C. 20500
Dear John:
Just a note to thank you for getting us the letter from the
President and for the other assistance you and your office have
provided to us over the past year. We look forward to working
with you in 1985 and hope you have a good holiday season.
Sincerely,
B
Bruce N. Hatton
Director, Legislative Affairs
1129 20TH STREET, N.W. WASHINGTON, D.C. 20527 TELEX-OPIC WSH 89-2310 (202)653-2900