Eighth Notes

With just 12 of them in the country, Reserve Bank presidents are a rare breed, with a unique combination of responsibilities.

A Brave New World? The Productivity Puzzle

Most economists and policymakers are positively giddy about the current state of the economy. But is their bubble bound to burst?

Lead Article
by Kevin L. Kliesen

Going Once, Going Twice, Sold: Auctions and the Success of Economic Theory

It has been said that, "The value of anything is not what it cost to produce, but what you can get for it at an auction." The U.S. government's proving just that with its auctioning off of telecommunication licenses.

Economic Background
by Adam M. Zaretsky

Both a Lender and a Borrower Be: Banks Cope with a Deposit Shortage

With deposits falling and loan demand rising, what's a bank to do? Many banks are selling securities to fund loans, others are turning to their local Federal Home Loan Banks.

Economic Briefing
by Michelle Clark Neely

Pieces of Eight

• At a computer screen near you: The Regional Economist on the Internet
• Union label disappearing in the South
• In for '98: Monetary Trends

News Briefs from the Eighth District

District Data

Selected measures of the region's business, banking and agricultural sectors