Vol. 81, No. 2
March/April 1996

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Banks' Responses to Binding Regulatory Capital Requirements
Larry D. Wall and Pamela P. Peterson
Since the early 1980s U.S. bank regulators have focused increasingly on the adequacy of banks' capital ratios. This article begins with a review of the changes to U.S. capital regulations and theoretical models for determining banks' capital strategy.

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Do State and Local Taxes Affect Relative State Growth?
Zsolt Becsi
This article presents an overview of relative state growth and relative state and local taxation from 1960 to 1992.

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FYI—Tracking Manufacturing: An Update on the Survey of Southeastern Manufacturing Conditions
R. Mark Rogers
This article revisits the Survey of Southeastern Manufacturing Conditions, examining in particular the implementation of seasonal adjustment procedures in March 1995.