Certain type II string non-threshold BPS bound states are shown to be
related to non-static backgrounds in Ii-dimensional theory, The 11D co
unterpart of the bound state of NS-NS and R-R type IIB strings wound a
round a circle is a pure gravitational wave propagating along a generi
c cycle of a 2-torus. The extremal (q(1),q(2)) string with non-vanishi
ng momentum along the circle (or infinitely boosted black string) corr
esponds in D = 11 to a 2-brane wrapped around a 2-torus with momentum
flow along the (q(1),q(2)) cycle, Applying duality transformations to
the string-string solution we find the type IIA background representin
g the bound state of a 2-brane and a O-brane. Its lift to 11 dimension
s is simply a 2-brane finitely boosted in transverse direction. This 1
1D solution interpolates between a static 2-brane (zero boost) and a g
ravitational wave in 11th dimension (infinite boost), Similar interpre
tations are given for various bound states involving 5-branes, Relatio
ns between transversely boosted M-branes and 1/2 supersymmetric non-th
reshold bound states 2+0 and 5+0 complement those between M-branes wit
h momentum in longitudinal direction and 1/4 supersymmetric threshold
bound states 1+0 and 4+0. In the second part of the paper we establish
the correspondence between BPS states of type IIB strings on a circle
and oscillating states of a fundamental supermembrane wrapped around
a 2-torus. We show that the (q(1), q(2)) String spectrum is reproduced
by the membrane BPS spectrum, determined using a certain limit. This
supports the picture suggested by Schwarz. (C) 1997 Elsevier Science B
.V.