| Level | Item |
| Creator Name | Gold and Foreign Exchange Office (G&FE) |
| Reference Number (click to see whole series/group) | C43/691 |
| Extent | 1 file |
| Title | EXCHANGE EQUALISATION ACCOUNT (EEA): OPERATION OF THE EEA |
| Date | 5 Aug 1974 - 11 Dec 1980 |
| Description | The file includes papers relating to the Treasury's view (HMT) that Bank customer transactions should not be passed through the EEA. Includes: note on borrowing by the EEA; constitutional impediments to borrowing by the EEA and possible advantages of obtaining Parliamentary sanction to allow it; background note to the Deputy Governor about the history of the EEA since it was established in 1932, in relation to questions about borrowing; draft note on the Bank of England and the EEA; appendix 4 - Management of the Exchange Equalisation Account, submitted to the Select Committee on Nationalised Industries (SCNI) by the Bank; EEA's short-date swap operations; paers on foreign exchange transactions for customers; Treasury access to names and amounts involved in EEA transactions; relations between the Treasury and Bank; letter from the Treasury about the EEA sterling capital; SCNI report on the Bank of England: reference to the EEA; memorandum from the Treasury Solicitor about customer transactions through the EEA; calculation of the EEA profits and losses; the EEA and the Public Accounts Committee; note on Nigel Lawson's concerns about the magnitude of the Bank's non-government business and a reduction of its effect on the reserves/money aggregates. |
| Original Reference | FE61v13-14 |
| YearOpen | 2011 |