Decisions made during register allocation greatly influence the overall quality of compiled code. Standard graph-coloring allocators often make spilling decisions which are not guided by program structure or path-sensitive control flow information. This can result in generation and placement of load and store instructions which is inefficient from a global perspective. Quite often, allocation decisions get heavily influ- enced by the choice of candidates for register residency. We propose a framework which selectively demotes variables in a contained manner to maintain balanced register pressure. The decisions for selective demotion are made through a flow-analytic approach and the loads and stores are inserted in strategic points such that degrading effect of spill code on overall code quality is sufficiently reduced. Our approach tries to keep variables as candidates for register allocation only along the paths where it is profitable to do so. We attempt to identify good local candidates for demotion, however, decisions are taken only after their global demo- tion costs are captured. We have implemented the framework inside the SGI MIPSPRO compiler and have obtained very encouraging results in improving the allocation of a Briggs-style allocator.