Documents / FOIA release
This Top Secret study by the Interdepartmental Coordinating Group on Germany and Berlin, dated July 12, 1961, and released by the Central Intelligence Agency, answers NSC Directive No. 58 of June 30, 1961. It sets out courses of action for the Berlin crisis but does not judge their merits. It covers imminent presidential decisions, a three-phase timetable running to January 1, military preparations and mobilization, covert action, economic sanctions, public information, negotiating positions and checkpoint procedures for East German personnel.
## SECRET ## Appendix A -16- E. Chronology of Stabilization Actions After Outbreak of Korean Conflict Through 1952 1. Monetary Actions Date Action Mid-August The Federal Open Market Committee began to minimize purchases of short-term U.S. Government securities in its open market operations. August 18 The Federal Reserve System announced its intention to "use all the means at their command to restrain further expansion of bank credit." August 21-25 Discount rate of various Federal Reserve banks raised from 1-1/2 to 1-3/4 percent. September 9 By Executive Order No. 10161 the President delegated authority to regulate real estate loans to Board of Governors and to the Housing and Home Finance Administrator. September 9 President requests all citizens to cooperate in objectives of the Defense Production Act. September 18 Regulation W, regulating consumer installment credit, was put into effect by Board of Governors. October 12 Regulation X, regulating real estate credit, was put into effect by Board of Governors. Parallel regulations were put into effect by housing agencies for real estate loans made or underwritten by Federal agencies. October 16 Amendments to Regulation W, tightening up terms on consumer installment credit, became effective. November 14 Regulation X amended to except credit extended before May 1, 1951, in connection with properties on which construction was started before October 12, 1950.
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FOIA release, from the cia-readingroom collection. The PDF is mirrored here; the original link is under it. The text was read from the page images by an OCR model; expect the odd misread word. 163 pages are in the text index: search them above, or from the library's search.