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Wormser, Oliver
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4513322
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Wormser, Oliver
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This file contains material related to Bank of France.
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Arthur F. Burns Papers
Name Correspondence Files
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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States of America his copyrights in all of his unpublished writings in National Archives collections.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