TOP SECRET
October 3, 195°
a
SUBJECT:
EVES ONLY
Discussion at the 73$tn Meeting
of the National Security Council,
Wednesday, October @, 19°7
Present at the 230th NSC meeting were the Fresident of the
United States, presiding; the Vice President of the United 3tetes;
the Secretary of State; the Secretary of Defense; and the Director,
Office of Defense Mobilization.
Aiso present were the Secrotary cf
the Treasury; the Director, Eureau of the Budget; the Special Assistant to the President for Disarmament; the Acting Director, international Cooperation Administration; the Direztor, U. S. Info-mation
Agency;
the Chairman,
Counzil of Economic Advisers
{partici xeting in
Item 1); Assistant Secretary of State Walter 3. Robertson (cor Item 2);
James P, Richards, Special Assistant to the President (for [ten 2);
the Deputy Secretary of Defense; the Counselor, Department 37 State;
the Chairman, Joint Chiefs of Staff; tne Director of Centra. Inteiligence; Special Assistants to the Fresident Cutler and Dearrom: the
White House Steff Secretary; the Executive Secretary, (50: a.d tae
Deputy Executive Secretary, NSc.
\
There follows a summer of the discussion at tre
and the main points tanen.
1.
webinp
UU. S. GOLD RESERVES AND THE GROWTE OF U. 3. FOREIGI LIA3TLITI“s
(Nsc 5707/5; Memo for 'So fron exe rutive secretary, sam> subject,
dated August 26, 1957)
Mr. Cutler indicated, in his short briefing of the Touncil
on this subject, that Dr. Saulnier. Chairman ot the Council of Bac
nomic Advisers, would present the report (copy of Mr. lutle:'s brief-
ing note filed in the minutes of the meeting}.
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the Budget, fulfilled the commitment for such a study, stated im cur
basic national security policy (NSC 5707/8) adopted lest Spring.
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proceeded to explain the nature of the problem, and to five the basic
facts, which he said were clearly set forth in the second trble appended to the report.
Dr. Saulnler indicated that two firises would
suffice to state the nature of the trends in the relation o-tween
U. S&S. gold reserves and the growth of i. S. foreiom lietil. ies.
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Dr. Saulnier stated that this report, prepared by the Jouncil of Economic Advisers, the Treasury Department, and the Bureau of
EQ 12350, SEC 24 (b}
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