The framework for the Bank's operations in the sterling money markets is set out in the Bank's 'Red Book':
The Bank of England's Sterling Monetary Framework (the 'Red Book') Last updated June 2015
The Red Book is structured in two parts. The first sets out the rationale behind the framework and how it fits together. The second part explains the elements in operation currently.
Part 1 - The aims and objectives of the Sterling Monetary Framework Part 2 - The operations currently used in the Sterling Monetary FrameworkThe different facilities set out in the second part can also be viewed individually:The Reserves Scheme Operational Standing Facilities Quantitative Easing Indexed Long-Term Repo Discount Window Facility Contingent Term Repo Facility The Red Book will periodically be updated to reflect changes to the Bank's operations. Previous versions can be found below. The January 2014 Red BookReflecting the launch of the new ILTRThe October 2013 Red BookReflecting developments in the Bank’s approach to liquidity insurance The January 2008 Red Book Reflecting the introduction of Gilt OMO purchases The May 2006 Red Book Reflecting the introduction of reserves averagingThe May 2002 Red Book Reflecting the regime in place pre-reserves averaging
Full details of the operations undertaken in the Sterling Monetary Framework can be found in the SMF Documentation.