Conversation with WALTER HELLER and SYLVIA PORTER, November 20, 1964

US RESPONSE TO UK MONETARY CRISIS; POSSIBLE NEED FOR UK TO RAISE DISCOUNT RATE WITH RESULTING RAISE IN US RATE; DOUGLAS DILLON'S VIEW THAT IMF WOULD VETO LOAN TO UK; POSSIBLE SALE OF UK FOREIGN ASSETS; NEGATIVE EFFECT OF STRIKES ON US ECONOMY THIS QUARTER