Guide to Federal Records

Records of the Economic Stabilization Programs, 1971-1974


(Record Group 432)
1971-1974

Overview of Records Locations

Table of Contents

  • 432.1 Administrative History
  • 432.2 Records of the Cost of Living Council (CLC) 1971-74
    • 432.2.1 General records
    • 432.2.2 Records of the Office of the Deputy Director
    • 432.2.3 Records of the Office of the General Counsel
    • 432.2.4 Records of the Office of Congressional Affairs
    • 432.2.5 Records of the Office of Economic Policy
    • 432.2.6 Records of the Office of Operations
    • 432.2.7 Records of the Office of Health
    • 432.2.8 Records of the Office of Food
    • 432.2.9 Records of the Office of Public Affairs
  • 432.3 Records of the Pay Board and the Office of Wage Stabilization 1971-74
    • 432.3.1 Records of the Pay Board
    • 432.3.2 Records of the Office of Wage Stabilization
  • 432.4 Records of the Price Commission and the Office of Price Stabilization (OPS) 1971-74
    • 432.4.1 Records of the Price Commission
    • 432.4.2 Records of the Office of Price Stabilization
  • 432.5 Records of the Office of Economic Stabilization (OES) 1971-74
    • 432.5.1 General records
    • 432.5.2 Records maintained by the OES History Division
  • 432.6 Motion Pictures (General) 1971-74
  • 432.7 Video Recordings (General)
  • 432.8 Sound Recordings (General)
  • 432.9 Machine-Readable Records (General)
  • 432.10 Still Pictures (General) ca. 1971-74

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432.1 Administrative History

Established: Cost of Living Council, as an independent agency, by EO 11615, August 15, 1971, effective November 14, 1971, to administer Phases II-IV of the Economic Stabilization Program under the Economic Stabilization Act of 1970 (84 Stat. 799), August 15, 1970, as amended.

Functions: Stabilized prices, rents, wages, and salaries at levels not less than those prevailing on May 25, 1970.

Phase I (Aug. 15-Nov. 13, 1971): 90-day price and wage freeze administered by the Office of Emergency Preparedness, by EO 11615, August 15, 1971.

Phase II (Nov. 14, 1971-Jan. 10, 1973): Wage and price controls by EO 11627, October 15, 1971.

Phase III (Jan. 11-Aug. 12, 1973): Voluntary controls, by EO 11695, January 11, 1973; price freeze, June 13-Aug. 12, 1973, by EO 11723, June 13, 1973.

Phase IV (Aug. 13, 1973-Apr. 30, 1974): Voluntary compliance by EO 11730, July 18, 1973, with gradual decontrol.

Abolished: April 30, 1974, by the Economic Stabilization Act of 1970, as amended April 30, 1973 (87 Stat. 29).

Successor Agencies: Department of the Treasury as liquidator.

Related Records: Records relating to Phase I in RG 396, Records of the Office of Emergency Preparedness. Records of World War II stabilization agencies in RG 188, Records of the Office of Price Administration; RG 202, Records of the National War Labor Board (World War II); and RG 250, Records of the Office of War Mobilization and Reconversion. Records of Korean War stabilization agencies in RG 293, Records of the Wage and Salary Stabilization Boards of the Economic Stabilization Agency; RG 295, Records of the Office of Price Stabilization; and RG 296, General Records of the Economic Stabilization Agency.

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432.2 Records of the Cost of Living Council (CLC)
1971-74

History: CLC established by EO 11615, August 15, 1971, effective November 14, 1971. Developed and recommended to the President additional procedures to maintain economic growth without inflation. Responsible for the general supervision of the program during Phase II, including work performed by the Price Commission and the Pay Board. Freeze II group, for which the deputy director acted as director, was temporarily established within the CLC to administer the wage and price freeze, June 13-August 12, 1973.

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432.2.1 General records

Textual Records: Files of the Office of the Executive Secretariat, 1971-74. Records of the archives and history subdivision, including two-volume printed CLC history, 1974.

Related Records: Record copies of publications of the Cost of Living Council in RG 287, Publications of the U.S. Government.

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432.2.2 Records of the Office of the Deputy Director

Textual Records: Subject and reading files, 1972-74. Pay Board regulation enforcement records, February-June 1972. Records relating to the Coal Industry Decontrol Agreements, 1973-74. Subject file and other records of the director of Freeze II, June-August 1973.

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432.2.3 Records of the Office of the General Counsel

Textual Records: Subject files, including correspondence, program guidelines, CLC rules and regulations, and background reports on proposed legislation, 1971-74. Numbered wage interpretations and rulings, (1-6, 050), 1972-74. Studies performed for the CLC, 1972-74. Legislative histories, 1972-74. Minutes of Pay Board meetings, 1971-73.

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432.2.4 Records of the Office of Congressional Affairs

Textual Records: Archival samples of Congressional correspondence of the Pay Board, November-December 1971; of the Price Commission, 1972-73; and during Phases III and IV, 1972-74. Archival samples of Senate correspondence for Phase II, 1971-72; and of public correspondence, 1971-73. Congressional information files, 1972-74. Interoffice memorandums, 1972-73. Records relating to hearings about home heating oil, January-February 1973.

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432.2.5 Records of the Office of Economic Policy

Textual Records: Correspondence, memorandums, and study papers, 1971-74. Background material on various industries, including statistical data on prices and wages, 1971-74. Briefing books for Price Commission meetings, November 1971-November 1972.

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432.2.6 Records of the Office of Operations

Textual Records: Correspondence, internal memorandums, and policy papers outlining procedures of operation, 1971-74.

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432.2.7 Records of the Office of Health

Textual Records: Subject files, including correspondence with the public and with health providers, memorandums, reports, and issue and background papers, 1973-74. Minutes of the Health Industry Advisory Committee, 1973-74.

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432.2.8 Records of the Office of Food

Textual Records: Subject files, including correspondence, interagency memorandums, issue papers, and background materials relating to office policy and procedure, 1972-74. Letters, memorandums, reports, and agendas of the Food Advisory Committee, and the Food Policy Committee, 1973-74.

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432.2.9 Records of the Office of Public Affairs

Textual Records: Subject files, including correspondence, memorandums, reports, background materials, issue papers, news releases, and speeches, 1971-74. Transcripts of District of Columbia and regional CLC meetings, 1971-72. Chronological files of key staff members, 1971-74.

Sound Recordings: News interviews, press conferences, radio spots, press briefings, Congressional hearings and testimony, speeches, and remarks as prepared, recorded, or acquired by the Office of Public Affairs, 1972-73, including recordings of such CLC members and advisers as George Meany, Herbert Stein, George Shultz, and Donald Rumsfeld (151 items). See also 432.8.

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432.3 Records of the Pay Board and the Office of Wage
Stabilization
1971-74

History: Pay Board established by EO 11627, October 15, 1971, to stabilize wages and salaries. Abolished by EO 11695, January 11, 1973, and functions transferred to Office of Wage Stabilization under the CLC.

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432.3.1 Records of the Pay Board

Textual Records: Subject files, including correspondence and memorandums, reports, and issue and staff papers, 1971-73. Minutes of Pay Board meetings, 1971-73. Staff reading files, August 1971-February 1973.

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432.3.2 Records of the Office of Wage Stabilization

Textual Records: Subject files of the office and its subordinate divisions, 1971-74, including correspondence files of Millard Cass, Phase II administrator; background data on wage policy; and records relating to executive compensation cases and to individual companies. Chronological and reading files of key staff members, 1972-74.

Machine-Readable Records: Wage and fringe benefit data for firms and bargaining units subject to wage controls, 1971-74, with supporting documentation (1 data set). See also 432.9.

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432.4 Records of the price Commission and the Office of Price
Stabilization (OPS)
1971-74

History: Price Commission established by EO 11627, October 15, 1971, to stabilize prices. The commission created the Office of Program Operations, which became the Office of Price Monitoring in CLC after commission was abolished by EO 11695, January 11, 1973. Name changed to Office of Price Stabilization by CLC, pursuant to EO 11730, July 18, 1973, effective August 13, 1973.

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432.4.1 Records of the Price Commission

Textual Records: Subject files, 1971-73, including speeches and other public statements of key staff members. Issue and study papers, 1971-72. Records relating to hearings, meetings, and press conferences held by the commission, 1971-73.

Motion Pictures: Someone Has to Make It Happen: A Conversation with Chairman C. Jackson Grayson, 1973 (1 reel). See also 432.6.

Video Recordings: Price Commission panel discussion, Chicago, IL, February 29, 1972 (4 items).

Sound Recordings: Remarks, speeches, and press conferences of Price Commission Chairman C. Jackson Grayson, Jr., 1971-72 (22 items). See also 432.8.

Slides: Used for presentation by Price Commission Chairman C. Jackson Grayson, Jr., and other officials, explaining the work of the commission, 1971-72 (PC, 197 images). See also 432.10.

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432.4.2 Records of the Office of Price Stabilization

Textual Records: Subject files, 1971-74, of the office and its subordinate divisions, including correspondence, issue and policy papers, analyses of industries, Phase IV planning and decision files, and briefing books for hearings. Chronological and reading files of key staff members, 1971-74. Minutes of the Senior Insurance Review Group, December 1973-April 1974.

Machine-Readable Records: Cost, price, and profit data for large firms during Phase IV of the program, 1973-74, with supporting documentation (1 data set). See also 432.9.

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432.5 Records of the Office of Economic Stabilization (OES)
1971-74

History: Involved in the termination of program operations between the abolishment of program agencies in July 1974, and final transfer to the Department of Treasury.

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432.5.1 General records

Textual Records: Chronological files and staff meeting notes of Henry Perritt, Executive Secretary of CLC and Deputy Director of OES, July-December 1974.

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432.5.2 Records maintained by the OES History Division

Textual Records: Indexes and other finding aids to the general files of the CLC, 1971-74. Master set of public records of the program, and microfiche of selected public records (50 fiche), 1971-74. Reference sets of CLC training manuals, Pay Board rules and regulations, minutes of Price Commission meetings, and Price Commission major issue files, 1972.

Sound Recordings: Interviews with key program personnel, as part of Price Commission oral history project, June-December 1973, with transcripts and release forms (88 items). See also 432.8.

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432.6 Motion Pictures (Ganeral)
1971-74

Films explaining and promoting the work of the Economic Stabilization Programs, the Price Commission, and the Cost of Living Council, 1971-74 (6 reels).

See under 432.4.1.

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432.7 Video Recordings (General)

See under 432.4.1.

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432.8 Sound Recordings (General)

See under 432.2.9, 432.4.1, and 432.5.2.

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432.9 Machine-Readable Records (General)

See under 432.3.2 and 432.4.2.

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432.10 Still Pictures (General)
ca. 1971-74

Photographs: Commissioners and key personnel of the CLC, the Price Commission, and the Pay Board; and such public figures as Ralph Nader, William Scranton, George Shultz, Jacob Javits, John Tower, Charles Percy, and William Proxmire, ca. 1971-74 (P,N, 880 images).

Slides: Charts and graphs, some in color, of economic data used in agency briefings, ca. 1971-74 (ED, 2,500 images).

See Slides under 432.4.1.


Bibliographic note: Web version based on Guide to Federal Records in the National Archives of the United States. Compiled by Robert B. Matchette et al. Washington, DC: National Archives and Records Administration, 1995.
3 volumes, 2428 pages.

Ordering information

This Web version is updated from time to time to include records processed since 1995.


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