World Bank Group Archives Holdings

Subfonds WB IBRD/IDA EXC-01 - Records of President John J. McCloy

Identity area

Reference code

WB IBRD/IDA EXC-01

Title

Records of President John J. McCloy

Date(s)

  • 1947 - 1949 (Creation)

Level of description

Subfonds

Extent and medium

0.20 linear feet of textual records

Context area

Name of creator

Archival history

The bulk of the records of the President's office from the period of John J. McCloy's service as President of the World Bank are with the McCloy papers in the Archives of Amherst College. Only a few files from his presidency remain at the World Bank.

Immediate source of acquisition or transfer

Transferred from the Office of the President.

Content and structure area

Scope and content

This series contains fragments of John J. McCloy's correspondence with political leaders and prominent businessmen during his time as President of the World Bank (March 1947 - May 1949). The most substantial bodies of correspondence are with Emilio G. Collado, U.S. Executive Director of the World Bank, 1946-1947; Russell C. Leffingwell, Chairman of the Executive Committee of J.P. Morgan and Co. Inc.; and Bernard H. Baruch.

The correspondence with Emilio Collado consists of letters and memoranda to McCloy regarding World Bank activities. It includes excerpts from memoranda Collado prepared for U.S. Secretary of State Dean Acheson and a Note Relating to a Debt Limit of May 1947. McCloy's correspondence with Russell C. Leffingwell includes exchanges of substantive comments on the Bank and its operations, such as the prospects for European recovery under the Marshall Plan, lending philosophy, money stabilization, and sterling devaluation. Letters to and from Bernard H. Baruch concern the Export Import Bank loan to England, a letter sent by Baruch to John Snyder on how to stimulate production in the world, and a copy of McCloy's memo to U.S. Treasury Secretary John Snyder on lending.

Also of interest to the researcher are McCloy's answers to questions from U.S. House of Representatives member Howard Buffet and U.S. Senator Leverett Saltonstall and a letter from Secretary of the Treasury John Snyder forwarding a memo by Harry Truman concerning U.S. Ambassador to Chile Claude Bowers' complaint about Wall Street control over the operations of the Bank (August 1947)

Appraisal, destruction and scheduling

Accruals

Accruals are not expected.

System of arrangement

Records are arranged in three folders:


  • Correspondence (Baruch, Bernard M.; Buffett, Howard; Churchill, Winston; Leffingwell, Russell C.; Saltonstall, Leverett; SKF Industries [William L. Batt]; U.K. government [Oliver Franks, Richard Stafford Cripps]; U.S. government/White House [John R. Steelman; Drew Dudley]


  • Emilio G. Collado correspondence


  • Harry S. Truman's letter (original)

Conditions of access and use area

Conditions governing access

Records are subject to the World Bank Policy on Access to Information.

Conditions governing reproduction

Records are subject to the Copyright Policy of the World Bank Group.

Language of material

  • English

Script of material

Language and script notes

Physical characteristics and technical requirements

Finding aids

Allied materials area

Existence and location of originals

Existence and location of copies

Related units of description


  • See Records of General Vice Presidents and Managing Directors (WB IBRD/IDA MDS); Garner has a few pieces of correspondence with McCloy.


  • Records of Office of External Relations (WB IBRD/IDA EXT), has records of speeches and public appearances of President McCloy.


  • Joint Bank/Fund Library collection on Presidents of the World Bank (WB IBRD/IDA PRES), has a file on McCloy.


  • Reference collection on World Bank history (WB IBRD/IDA REF), has duplicate copies of McCloy papers from Amherst; the John J. McCloy Papers are in the Archives, Amherst College, Amherst, Massachusetts.

Related descriptions

Notes area

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Description control area

Description identifier

Institution identifier

Rules and/or conventions used

Internal World Bank Group Archives rules based on ISAD(G).

Disclosure status

Level of detail

Dates of creation revision deletion

20-Apr-03

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Accession area

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