THE PRESIDENT'S DAILY BRIEF 19 JUNE 1974

• Document Type: FOIA
• Collection: President's Daily Brief 1969-1977
• Document Number (FOIA) /ESDN (CREST): 0006007987
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 10
• Document Creation Date: August 14, 2016
• Document Release Date: August 24, 2016
• Publication Date: June 19, 1974

Declassified in Part - Sanitized Copy Approved for Release 2016/07/19 : CIA-RDP79T00936A012100010044-4
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THE PRESIDEHT'S TALLY BRIEF
June 19, 1974
PR INC! PAL DEVELOPMENTS
Sovieto
(Page 1)
ma SOVidta , are continuing thdik highly f al./ore:bid
public? treatodirt:of the Pxdsident : coming_ vi si t
- to MOddcw, ; but, in .tontidpt ,to% ldo t yd.= s .pie-3um7.
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the .OS .110d0; -
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India
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Nigeria
/USSR.
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FOR THE PRESIDENT ONLY
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FOR THE PRESIDENT ONLY
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FOR THE PRESIDENT ONLY
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FOR THE PRESIDENT ONLY
(continued)
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Tho. Govloto.wa-coritiriulrig thoir-highly favor.'
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POR PREVIV,N7' ONLY
Declassified in Part- Sanitized Copy Approved for Release 2016/07/19 : CIA-RDP79T00936A012100010044-4
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SAUDI ARAB
Saudi Arabia is now investing.directly in the US
after a Six-month hiatus.
' --In early May, 'the. Saudis bought, at leas :$100
million in US' Treasury cpbligations
--Between 'and $25 million of .US equities were
- purchased on:May '29.
? The flow of Saudi investment to the US market,
although' currently small in relation to its surplus
oil revenues, is likely to increase sharply in the
next four to sixmonths. The Eurodollar market now
satisfies most Saudi investment-needs, but fear for
its stability and law, interest payments on their de-
posits will force the Saudis to seek alternatives.
The US financial market, 'because of its _size and va-
riety of investment opportunities, is more capable of
handling the surplus oil revenues Saudi Arabia must
invest.
FOR THE PRESIDENT.ONLY
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NIGERIA-USSR
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FOR THE PRESIDENT ONLY
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