REPORT OF THE SECRETARY.

The article reports on developments concerning the Econometric Society as of September 2, 1979. The membership of the Society have experienced a rebound within the past few months. The rebound in memberships and institutional subscriptions enjoyed by the "American Economic Review" in 1978 was not shared by "Econometrica" journal. Many memberships are likely to be added at the 1980 World Congress. Thirty new Fellows were elected in the Fall of 1978, bringing the total number of Fellows to 290, of whom 44 are inactive.