Documents / FOIA release

/specialCollection/BerlinWall/1961-Summer/1961-07-12c.pdf

Central Intelligence Agency · 163 pages · text by GLM-OCR

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.

  • p. 92 …the above actions /designed to provide a capability for dealing with the Berlin problem in advance…
  • p. 96 …the above actions designed to provide a capability for dealing with the Berlin problem in advance…
  • p. 98 …The Berlin preparedness measures and public reaction thereto might engender hoarding, scare buying, advance stocking, speculative…
  • p. 99 …the change is due to the conjunction of high levels of economic activity in other advanced…
  • p. 100 …However, it is only prudent to plan in advance to deal with the unfavorable contingencies described…
  • p. 130 …the change is due to the conjunction of high levels of economic activity in other advanced…
  • p. 145 …The Soviets justify their demand for the conclusion of separate peace treaties with the "two German…

Read from the scan by GLM-OCR; expect the odd misread word.

## 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 above. The text was read from the page images by GLM-OCR; expect the odd misread word. 163 pages are in the text index: search them above, or from the library's search.