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FG 238 (Cabinet Committee on Economic Policy)

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Scope and Content Note

Filed under the category FG (Federal Government-Organizations) are materials pertaining to matters such as establishment, disestablishment, organization, reorganization, audits, inspections, investigations, locations, relocations, regulations, reports, appointments and endorsements to top positions in the government.

The materials in the subject file category FG 238 pertain to the Cabinet Committee on Economic Policy and its subcommittee. The committee was first called the Cabinet Committee on Economic Growth when it was established on January 23, 1969. The CCEP was abolished January 30, 1973. The principal correspondents were the President and White House staff members such as Ken Cole, Peter Flanigan, John Ehrlichman, Henry Kissinger and Noble Melencamp. Other important correspondents were Paul McCracken, Chairman of the Council of Economic Advisers and Coordinator of CCEP, Robert Mayo, Director of the Bureau of the Budget, and Daniel Patrick Moynihan, Council of Urban Affairs.

The terms Executive and General used before the two letter code and all subdivisions thereunder are generally determined by the source of the materials. Items designated Executive are communications from foreign, national, state and local governments and their agencies, Members of Congress, and other prominent people. Items designated General are communications between Government officials and private citizens, institutions and other private interests. The topics filed under each are generally similar.

The types of material filed under FG 238 are original incoming letters and memoranda; carbons and electrostatic copies of outgoing letters and memoranda; transmittal and referral memoranda; reports; articles; and cross references to other file categories.

Related materials may be found in White House Central Files subject categories as follows:

BE Business-Economics
FG 6-1 Bureau of the Budget
FG 6-3 Council of Economic Advisers
MC Meetings-Conferences
SP Speeches
TN Transportation

FG 238 CABINET COMMITTEE ON ECONOMIC POLICY

Early materials in this category concern the setting up of the CCEP structure with the Chairman of CEA as the coordinator. There are numerous schedules memoranda for meetings of the CCEP with the President and other groups concerned with the economy such as the Quadriad. Several task forces were established to report on a particular issue such as the Task Force on Softwood Lumber and Plywood Pricing, the Task Force on Iron and Steel, the Task Force on Copper, and a task force on preparation for economic changes at the end of the Vietnam War. There were also some discussions about the condition of the construction industry. There is a large case of letters from the President to business leaders stating the need for a strong budget to control inflation and a need for a surtax. Some responses are included. Some materials were gathered together to prepare the President for his speech on the economy. There are several interesting memoranda between Peter Flanigan, Paul McCracken and Donald Rumsfeld concerning controls on wages, prices and the effectiveness of "jawboning."

FG 238/A APPOINTMENTS TO THE CABINET COMMITTEE ON ECONOMIC POLICY

There are a few suggestions to appoint additional people to CCEP such as Daniel Patrick Moynihan, Council of Urban Affairs, and George Romney, Secretary of HUD.

FG 238-1 SUB-COMMITTEE OF THE CABINET COMMITTEE ON ECONOMIC POLICY

The CCEP established several subcommittees to study and coordinate activities on economic issues such as the subcommittee to coordinate activities on Federal loan and loan guaranty programs, a subcommittee on the copper industry, the subcommittee to study deregulation of surface freight transportation and the subcommittee on the reconstruction of Vietnam.

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