The Journal of FinanceVolume 31, Issue 2 p. 233-252 Session Topic: Studies in the Economics of Bank Regulation RESTRICTIONS ON THE RATE OF INTEREST ON DEMAND DEPOSITS AND A THEORY OF COMPENSATING BALANCES David Wiley Mullins Jr., David Wiley Mullins Jr.Graduate School of Business Administration, Harvard University. I would like to thank Myron S. Scholes, Robert C. Merton, Franco Modigliani, Stewart C. Myers, Donald R. Lesard, and Richard B. Homonoff for their help on my dissertation which provided much of the basis for this paper. This research was financed in part by the Associates of the Harvard Business School.Search for more papers by this author David Wiley Mullins Jr., David Wiley Mullins Jr.Graduate School of Business Administration, Harvard University. I would like to thank Myron S. Scholes, Robert C. Merton, Franco Modigliani, Stewart C. Myers, Donald R. Lesard, and Richard B. Homonoff for their help on my dissertation which provided much of the basis for this paper. This research was financed in part by the Associates of the Harvard Business School.Search for more papers by this author First published: May 1976 https://doi.org/10.1111/j.1540-6261.1976.tb01883.xCitations: 3 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume31, Issue2May 1976Pages 233-252 RelatedInformation