Total all currency deposits from other financial corporations (OFCs) fell by £42.4bn in June. The decrease was driven by falls in deposits from securitisation special purpose vehicles
(-£39.0bn), securities dealers (-£6.1bn) and fund managers (-£5.1bn), which were partially offset by an increase in deposits from insurance companies and pension funds (+£4.1bn) and other financial intermediaries (+£2.2bn). Deposits from non-financial corporations (NFCs) decreased by £1.7bn. The fall was driven by public administration and defence
(-£4.6bn) and mining and quarrying (-£1.0bn) and was partially offset by deposits from real estate (+£2.1bn), machinery and transport equipment (+£1.4bn) and transport, storage and communication (+£1.2bn).
Total all currency loans to OFCs fell by £9.9bn. The decrease was mainly driven by securities dealers (-£5.5bn), investment and unit trusts (-£3.4bn) and bank holding companies
(-£3.2bn), with a partially offsetting increase in loans to central clearing counterparties (+£6.3bn). Loans to NFCs fell by £2.8bn. The decrease was driven by public administration and defence (-£2.0bn), construction (-£1.3bn) and real estate (-£1.1bn), with a partially offsetting increase in loans to manufacturing (+£1.6bn).
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(e) May not equal the sum of its components due to the method of calculation.
(1) With the 28 May 2012 bank holiday moving to 4 June and an additional bank holiday on 5 June, to
celebrate the Queen’s Diamond Jubilee, care should be taken when interpreting or comparing the
data points around this period.
- Loans to UK residents measures monetary financial institutions' (MFIs’) loans and advances (including under reverse repos) to the non-MFI sector, and deposits include MFIs' liabilities to these UK residents under repos. Further information on the definitions and calculations of growth rates can be found via the following links: www.bankofengland.co.uk/mfsd/iadb/notesiadb/industrial.aspx and
- A more detailed breakdown of these data (including a sterling/other currency split) is available in Tables C1.1 and C1.2 in
Bankstats. In addition, the Statistical Interactive Database provides long runs of statistical data with comprehensive search options and the ability to download in a variety of formats. The series codes are listed in the tables in this release.
- Please note that data on MFIs' deposits from and loans to UK residents have been collected on a monthly, rather than a quarterly, basis since July 2009. Three-month annualised growth rate series are available each month from September 2009 data onwards. The fourquarter/twelve-month growth rate series were extended initially at end-quarter months, and are available each month from June 2010 data onwards.
- Non-financial corporations (NFCs) include both private and public corporations as well as local and general government. A proxy for the private sector can be created by excluding public administration and defence, education, human health and social work and recreational, personal and community service activities from the NFC sector.
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Next release: 30 August 2012