The article is the second part of the survey on the use of the electroencephalographic (EEG) methods in the analysis of (literary) reading. Contrary to prevalent cognitive theories (the so-called modular model) alternative theories supported by emerging brain imaging data presuppose the existence and simultaneous interactions of a number of different representations, supported and maintained by distributed neuronal mechanisms (the so-called activated states model). This question can also be approached by using the time-frequency analysis of EEG data which allows an insight into parallel processing by dividing time course of oscillatory electrical activity of the brain into frequency bands. Individual frequency bands are considered to be important for various aspects of cognitive mechanisms, which are also the basis of language processing in reading.