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1971/72

DEPARTMENT OF THE TREASURY

DOCUMENT NO. 3257

Secretary

U.S. GOVERNMENT PRINTING OFFICE, WASHINGTON : 1972

For sale by the Superintendent of Documents, U.S. Government Printing Omice

Washington, D.C. 20402 - Price $3.50 (Paper cover)

Stock Number 4800-00202

The statistical tables to this Annual Report will be published in a separate
STATISTICAL APPENDIX.

CONTENTS

Page

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ECONOMIC AND FINANCIAL POLICY

14. Address by President Nixon, August 15, 1971, on “The Challenge of

Peace"

15. Executive order, August 15, 1971, providing for stabilization of prices,

rents, wages, and salaries.

16. Proclamation by President Nixon, August 15, 1971, on the imposition

of supplemental duty for balance of payments purposes.-

17. White House press release, August 15, 1971, containing explanatory

material on the President's economic program..

18. Statement by Secretary Connally, August 16, 1971, at the opening of

a news conference on the President's economic program..

19. Statement by Under Secretary for Monetary Affairs Volcker, Septem-

ber 13, 1971, before the Subcommittee on International Trade of

the Senate Finance Committee.-

20. Remarks by Secretary Connally, November 16, 1971, before the

Economic Club of New York.

21. Statement by Secretary Connally, February 16, 1972, before the Joint

Economic Committee..

22. Excerpt from statement by General Counsel Pierce, September 24,

1971, before the Commonwealth Club of California, San Fransisco,

Calif., on “The Lockheed Story”,

23. Excerpt from statement by General Counsel Pierce, November 3, 1971,

before the Labor Law Committee of the Federal Bar Council, New

York, N. Y., on Phase II of the President's anti-inflation program.-

24. Statement by General Counsel Pierce, February 23, 1972, before the

Senate Committee on the District of Columbia on S. 2196, a bill to

establish a District of Columbia Development Bank..

25. Remarks of Assistant Secretary Fiedler, April 27, 1972, before the

Mid-Year Economic Outlook Conference of the Conference Board,

San Francisco, Calif..

26. Other Treasury testimony published in hearings before congressional

comm

es, July 1, 1971-June 30, 1972..

FEDERAL DEBT MANAGEMENT

27. Statement by Secretary Connally, January 31, 1972, before the House

Ways and Means Committee on the public debt limit-

28. Statement by Secretary Connally, February 28, 1972, before the Senate

Finance Committee on the public debt limit-

29. Statement by Secretary Shultz, June 28, 1972, before the Senate

Finance Committee on the public debt limit.-

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30. Statement by Acting Secretary Walker, June 5, 1972, before the House

Ways and Means Committee on the public debt limit.-

31. Remarks by Under Secretary for Monetary Affairs Volcker, March 7,

1972, before the Money Marketeers at the Bankers Club, New York,

N. Y., on "A New Look at Dent Management”.

32. Remarks by Special Assistant to the Secretary Adams, January 27,

1972, before the U.S. savings bonds campaign meeting on the savings

bonds program.

33. Remarks by Special Assistant to the Secretary Adams, March 8, 1972,

before the Conference of the Mid-Continental District Securities

Industry Association on Federal debt management..

LAW ENFORCEMENT DEVELOPMENTS

34. Statement by Assistant Secretary Rossides, August 5, 1971, before

the Foreign Operations and Government Information Subcommittee

of the House Committee on Government Operations on joint efforts

by the United States and Vietnam to halt illegal financial activities..

35. Statement by Assistant Secretary Rossides, September 10, 1971,

before the House Committee on the Judiciary, Subcommittee No. 4,

on H.R. 9223, a bill to increase the limit on dues for U.S. membership

in the International Criminal Police Organization.--

36. Statement by Assistant Secretary Rossides, September 14, 1971,

before the Senate Subcommittee to Investigate Juvenile Delinquency

on legislation to amend the Gun Control Act of 1968.-

37. Remarks of Assistant Secretary Rossides, December 13, 1971, before

the National Narcotics and Dangerous Drugs Enforcement Associ-

ation, Washington, D.C., on the administration's action to combat

drug abuse..

38. Remarks of Assistant Secretary Rossides, January 25, 1972, before

the New York_City Chamber of_Commerce, New York, N.Y.,

concerning the Department of the Treasury's program to stop theft

of international cargo.

39. Remarks of Assistant Secretary Rossides, March 2, 1972, before the

All Directors' Congress of the American Footwear Industries

Association, La Costa, Calif., on the Antidumping Act, 1921–

3 years of rejuvenation.-

40. Remarks of General Counsel Pierce, March 31, 1972, upon the issuance

of regulations on financial recordkeeping and reporting of currency

and foreign transactions..

TAXATION DEVELOPMENTS

41. Remarks by Assistant Secretary Cohen, July 15, 1971, before the Tax

Section of the American Bar Association, London, England, regarding

the formulation of tax policy in the United States---

42. Statement by Secretary Connally, September 8, 1971, before the House

Committee on Ways and Means on tax proposals embodied in

President Nixon's new economic policy

43. Statement by Secretary Connally, October 7, 1971, before the Senate

Finance Committee regarding enactment of H.R. 10947, the Revenue

Act of 1971.

44. Letter from General Counsel Pierce, October 20, 1971, to Senator

William Proxmire, as a reply to a suggestion by the Senator that

public hearings be held before any revenue ruling is issued in matters

involving a potential loss of $5 million or more in tax revenue.

45. Letter from Acting Secretary Walker to the Chairman of the Senate

Finance Committee, November 12, 1971, concerning the financial

accounting treatment of the 7 percent job development credit ---

46. Address by General Counsel Pierce, November 23, 1971, before the 32d

annual dinner of the Federal Tax Forum, New York, N.Y., on

“Highlights of the Revenue Act of 1971"

47. Statement by Assistant Secretary Cohen, April 29, 1972, before the

Federal Tax Institute of New England, Boston, Mass., on “efforts to

make the tax system fair and equitable and to make it best serve the

economic well-being of the Nation”,

48. Statement by Assistant Secretary Cohen, May 1, 1972, before the

House Committee on Ways and Means on the tax treatment of

married couples and single persons -

49. Statement by Assistant Secretary Cohen, May 3, 1972, before the

House Committee on Ways and Means on H.R. 13720, a bill to

"amend the Internal Revenue Code of 1954 with respect to lobbying

by certain types of exempt organizations”.

50. Statement by Assistant Secretary Cohen, May 8, 1972, before the

House Committee on Ways and Means in support of H.R. 12272,

the Individual Retirement Benefits Act of 1971.-

INTERNATIONAL FINANCIAL AND MONETARY DEVELOPMENTS

51. Remarks by Secretary Connally as Governor for the United States,

September 30, 1971, at the joint annual discussion of the Boards of

Governors of the International Monetary Fund and the Inter-

national Bank for Reconstruction and Development and its affiliates -

52. Communique of the Ministerial Meeting of the Group of Ten, Decem-

ber 17–18, 1971, Washington, D.C.--

53. Proclamation by President Nixon, December 20, 1971, terminating

additional duty for balance of payments purposes.-

54. Press release, February 11, 1972, announcing the results of recent trade

negotiations between the United States and the European Com-

munity, and a joint statement on international economic relations

issued jointly February 9, 1972, by the United States and Japan on

results of recent trade negotiations between the two countries..

55. An act to provide for a modification in the par value of the dollar, and

for other purposes.

56. Background material on legislation modifying the par value of the

dollar.

57. Statement by Secretary Connally, March 1, 1972, before the House

Banking and Currency Committee

58. Remarks by Secretary Connally, March 15, 1972, before the Council

on Foreign Relations, New York City -

59. Statement by Under Secretary Walker, July 6, 1971, before the Sub-

committee on International Finance of the House Banking and Cur-

rency Committee in support of H. R. 8750 to authorize further U.S.

contributions to the International Development Association.--

60. Statement by Under Secretary Walker, October 26, 1971, before the

Subcommittee on International Finance of the House Banking and

Currency Committee in support of H.R. 5013 and H.R. 5014 to

authorize U.S. contributions to the Asian Development Bank and

the Inter-American Development Bank.-

61. Remarks by Under Secretary Walker as Temporary Alternate Gov.

ernor for the United States, April 21, 1972, before the Board of

Governors of the Asian Development Bank, Vienna, Austria ---

62. Statement by Under Secretary for Monetary Affairs Volcker, Septem-

ber 21, 1971, before the Subcommittee on Foreign Economic Policy

of the House Foreign Affairs Committee..

63. Remarks by Under Secretary for Monetary Affairs Volcker, October 28,

1971, at the National Economists Club Seminar on Phase II, at the

Mayflower Hotel, Washington, D.C., on "President Nixon's New

Economic Program-International Policies and Issues”.

64. Remarks by Under Secretary for Monetary Affairs Volcker, Novem-

ber 11, 1971, at the second meeting of the World Economy Study

Group, the Adlai Stevenson Institute of International Affairs,

Chicago, Ill., on "International Aspects of the New Economic

Program-the First 90 Days”.

65. Statement by Under Secretary for Monetary Affairs Volcker, Jan-

uary 27, 1972, before the House Committee on Appropriations on

"The International Financial Situation in Light of the Smithsonian

Agreement

66. Remarks by Under Secretary for Monetary Affairs Volcker, May 12,

1972, at the 1972 International Monetary Conference at Le Chateau

Champlain, Montreal, Canada.--

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