Initial findings are reported of a continuing study of a new American postsecondary educational planning and coordination concept and its implementation: regionalism and regionalization. Regionalism is defined as that view of a geographic subsection of a state or of several adjoining states that considers all or a number of the postsecondary educational components within the region collectively and seeks to establish a coordinated relationship of their goals, programs, and/or resources. The regional arrangement among institutions must be officially recognized by a state authority. This report deals with incidences of regionalization; factors influencing such action; patterns of regionalization; objectives; sources of authority, governance and administration; and funding. The tentative conclusions indicate the directions needed for further study, including the relationship of local versus state authority in postsecondary education. (LBH)