FORMATION OF NFAC ECONOMIC ADVISORY BOARD

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85-01156R000200300006-7
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 4
• Document Creation Date: January 4, 2017
• Document Release Date: April 17, 2008
• Sequence Number: 6
• Publication Date: December 1, 1981
• Content Type: MEMO

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 Approved For Release 2008/04/17: CIA-RDP85-01156R000200300006-7 iJ
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1. John McMahen has instructed no to establish and chair an NFAC
Economic Advisory Board. The Board would be comprised of high level
econcnic experts from both the private and public sector. The Board
would serve to review NFAC's current and future work in economics, energy,
civilian industry, trade, and finance. It is unlikely that the full
Board would be convened following an introductory meeting. Subsequent
meetings would be focused on specific areas and presumably would attract
only those members having an interest in the topics under discussion.
I expect no more than four such meetings annually.
2. I plan to send letters of invitation under the DCI's signature
later this month. I have attached a tentative list of public and private
individuals who I think would be able and willing to cooperate with us.
I would appreciate your suggestions for possible additional or alternative
membership. I would also appreciate your agenda suggestions for the
introductory session and your suggestions for future sub-group sessions.
3. As things now stand I would like to hold the introductory
meeting sometime in late January.
Distribution:
Director, Office of Soviet Analysis
Director, Office of African and Latin American Analysis
Director, Office of Near Eastern and South Asian Analysis
Dircctor, Office of East Asian Analysis
Director, Office of European Analysis
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Approved For Release 2008/04/17: CIA-RDP85-01156R000200300006-7
 Lionel H. Olmer
Richard D. DeLauer
Marc Leland
Henry Nau
Norman Bailey
Roger Porter
Murray Weidenbaum
Henry Wallich
William Draper
Assistant Secretary of State
Bureau of Economic and Business Affairs
Under Secretary for International Affairs
(Commerce)
Under Secretary of Defense for Research and
Engineering
Assistant Secretary of Treasury for
International Affairs
Senior Staff Member, NSC
Senior Staff Member, NSC
Secretary, Cabinet Council on Economic Activity
Chairman, Council of Economic Advisors
Member, Board of Governors, Federal Reserve
President and Chairman, Export-Import Rank'
of the United States
Eau "INISTRATIVE INTERNAL UZE C 14111Y