Sound recording of a meeting held on July 15, 1963, between President John F. Kennedy, Secretary of the Treasury C. Douglas Dillon, Walter Heller from the Council of Economic Advisers, Director of the Bureau of the Budget Kermit Gordon, Chairman of the Federal Reserve System Board of Governors William McChesney Martin, Under Secretary of the Treasury for Monetary Affairs Robert Roosa, and Under Secretary of Commerce Franklin Roosevelt, Jr. They discuss balance of payments issues and the effect on the deficit. There are also discussions about an increase in the short term rate. This sound recording has been excerpted from Tape 98, which contains additional sound recording(s) following this one. See Related Records to access Tape 98 in its entirety.