The pace has been most rapid at the wholesale, bank-to-bank and bank-to multinational level; at the retail customer level, globalization will soon quicken, particularly in Europe.

A review of the Federal Reserve System's July 1988 Monetary Policy Report to Congress, indicating a decline in the role of monetary aggregates in the policy process and including the Federal Open Market Committee's projection of economic conditions.

A discussion of the February 1989 Humphrey-Hawkins testimony by Federal Reserve Chairman Greenspan, with suggestions for using the process to better communicate the monetary policy objectives of the Federal Reserve.

A discussion of how financial deregulation and disinflation affect the velocities of M1 and M2, noting implications for the conduct of monetary policy.

An examination of the interstate acquisitions of Ohio bank holding companies, featuring a discussion of options and stages in the movement toward unrestricted nationwide banking.