STAFF

Lynne Anservitz
   Editorial Director

Lynn Foley
Tom Heintjes
   Managing Editors

Stephen Kay
M. Melinda Pitts
   Contributing Editors

Michael Chriszt
William Smith
   Staff Writers

Peter Hamilton
   Designer

EDITORIAL COMMITTEE

Bobbie H. McCrackin
   VP and Public Affairs
   Officer

Thomas J. Cunningham
   VP and Associate
   Director of Research

Pierce Nelson
   AVP and Public
   Information Officer

John C. Robertson
   AVP, Research Department
   Regional Section


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The views expressed in EconSouth are not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.

Reprinting or abstracting material from this publication is permitted provided that EconSouth is credited and a copy of the publication containing the reprinted material is sent to the Public Affairs Department.

Public Affairs Department
Federal Reserve Bank of Atlanta
1000 Peachtree Street, N.E.
Atlanta, Georgia 30309-4470

ISSN 0899-6571

Editor’s note: Throughout this issue, Southeast refers to the six states that, in whole or in part, make up the Sixth Federal Reserve District: Alabama, Florida, Georgia, Louisiana, Mississippi, and Tennessee.


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