Latest Operational Announcements

Date : Thursday 15 May 2008

09.00am Stg mn

Aggregate reserves forecast for today 25,326

Previous day's aggregate holdings of reserves 27,127

Previous day's aggregate reserves forecast error 227

Average aggregate reserves held to date in maintenance period 25,429

Residual average aggregate reserve requirement 24,404

Excess reserves 0

Previous day's use of standing lending facility on aggregate 0

Previous day's use of standing deposit facility on aggregate 0

Current standing facility rate - loans 6.00%

- deposits 4.00%

Forecast liquidity shortage 13,780 (cont...)

Average forecast level of notes 43,430

Average forecast level for other autonomous factors -53,581

Forecast average reserves 23,931

Forecast error (since previous operation) -729

Amount of maturing OMOs 15,314

Size of OMO offered 13,780

A round of fixed rate operations is invited at 10.00am. The operation will comprise repos at 5.00% maturing on 22 May 2008.

The Bank's Standing Facilities have been, and continue to be,available every day throughout the day to all participating banks, against eligible collateral and at a penalty rate of interest. Together with other features of the framework, these facilities were designed to help the system cope with stressed market conditions, as set out in the Red Book.

10.10am Stg mn

Size of OMO bid 78,350

Amount of OMO allocated 13,779

Percentage of OMO bid allocated 17.6%

Aggregate reserves forecast for today (post OMO) 25,325

28/04/08 Gilt Tender Results

Total offers received Stg 1,311.97mn Total offers accepted Stg 399.77mn

Maturity sector cover ratios Short (01 Jan 14 - 31 Dec 15) 3.82 Medium (01 Jan 16 - 31 Dec 21) 2.30 Long (01 Jan 24 - 31 Dec 28) 3.53

UKT_4.75_070915 Total offers received Stg 320.93mn Total offers accepted Stg 69mn Weighted average yield 4.591% Weighted average price 100.976 Highest accepted price 101.000 Lowest accepted price 100.900 Tail 0.024 Offers at the highest accepted price were allotted 28.6% of the value of the offer.

UKT_8_071215 Total offers received Stg 381.27mn Total offers accepted Stg 115mn Weighted average yield 4.714% Weighted average price 120.797 Highest accepted price 120.849 Lowest accepted price 120.750 Tail 0.052 Offers at the highest accepted price were allotted 57.0% of the value of the offer.

UKT_4_070916 Total offers received Stg 285.11mn Total offers accepted Stg 124mn Weighted average yield 4.613% Weighted average price 95.788 Highest accepted price 95.950 Lowest accepted price 95.649 Tail 0.162 Offers at the highest accepted price were allotted 36.0% of the value of the offer.

UKT_5_070325 Total offers received Stg 142.93mn Total offers accepted Stg 46mn Weighted average yield 4.822% Weighted average price 102.032 Highest accepted price 102.050 Lowest accepted price 102.030 Tail 0.018 Offers at the highest accepted price were allotted 74.0% of the value of the offer.

UKT_6_071228 Total offers received Stg 181.74mn Total offers accepted Stg 46mn Weighted average yield 4.802% Weighted average price 115.560 Highest accepted price 115.570 Lowest accepted price 115.560 Tail 0.010 Offers at the highest accepted price were allotted 4.4% of the value of the offer.

END. Bond purchase OMOs Q2

The aggregate size of the gilt-purchase OMOs in the second quarter of 2008 is expected to be stg 1200mn.

Details of gilt purchase OMOs in the second quarter of 2008: 28 April amount stg 400mn for settlement 29 April 2 June amount stg 400mn for settlement 3 June 23 June amount stg 400mn for settlement 24 June

Maintaining monthly purchases of stg 400mn in subsequent quarters would imply aggregate gilt purchases in OMOs of stg 4,284mn in 2008, in 11 tenders from January to November. The Bank may take into account the under-allocation in the 31 March OMO in determining the size of the gilt-purchase OMOs in subsequent quarters. The Bank will update this announcement each quarter.

11 am Announcement on long term repo operations - 13th May

Date of operation 20/05/08

Time for submission of bids 10:00am - 10:30am

Settlement date 21/05/08

Auction type Variable rate tender

Allotment method Discriminatory price basis

Minimum bid amount Stg 5mn

Multiples of Stg 1mn

Total size of operation (Stg mn) 2,950

3mth (91 days) maturing on 20/08/08 1,600

6mth (182 days) maturing on 19/11/08 750

9mth (273 days) maturing on 18/02/09 400

12mth (364 days) maturing on 20/05/09 200 (cont...)

Eligible collateral in this operation will consist of the securities routinely accepted as collateral in the Bank's OMO's, detailed at http://www.bankofengland.co.uk/markets/money/eligiblesecurities.htm.