On December 22, 1971, President Richard M. Nixon and members of the President's Commission on Financial Structure and Regulation, including Reed O. Hunt, Atherton Bean, Morris D. Crawford, Jr., Morgan C. Earnest, James H. Edgerton, Richard G. Gilbert, William D. Grant, Alan Greenspan, Walter S. Holmes, Jr., [Joseph] Lane Kirkland, Donald S. MacNaughton, Edward H. Malone, Rex J. Morthland, William H. Morton, Ellmore C. Patterson, K. A. Randall, Ralph S. Regula, Dr. Raymond J. Saulnier, Ezra Solomon, Robert H. Stewart, III, Dr. Donald Jacobs, Dr. Almarin Phillips, Allen R. Rule, Henry Shine, Jr., Clarence Scruggs, James Lynch, Edward J. Gannon, Charls E. Walker, Paul A. Volcker, Peter M. Flanigan, George P. Shultz, the White House photographer, and members of the press, met in the Cabinet Room of the White House from 11:33 am to 12:11 pm. The Cabinet Room taping system captured this recording, which is known as Conversation 086-005 of the White House Tapes.
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