Total all currency deposits from other financial corporations (OFCs) fell by £11.2bn in May. The decrease was driven by falls in deposits from securities dealers (-£7.0bn), securitisation special purpose vehicles (-£4.9bn) and fund managers (-£3.1bn), which were partially offset by an increase in deposits from central clearing counterparties (+£5.6bn). Deposits from non-financial corporations (NFCs) increased by £18.0bn, driven by public administration and defence (+£7.4bn), mining and quarrying (+£4.2bn), manufacturing (+£3.2bn) and professional, scientific and technical activities (+£1.2bn).
Total all currency loans to OFCs fell by £15.3bn. The decrease was mainly driven by central clearing counterparties (-£9.7bn), other financial intermediaries (-£6.9bn) and securities dealers (-£2.1bn), with a partially offsetting increase in loans to fund managers (+£1.8bn). Loans to NFCs fell by £2.0bn. The decrease was driven by mining and quarrying (-£1.5bn) and manufacturing (-£0.6bn).
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Tables
Table A - Deposits and loans for UK industries (all currencies) |
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Microsoft Excel Version (24k) |
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Table B - Further breakdown of all currency deposits from and loans to UK residents |
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- 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
www.bankofengland.co.uk/mfsd/iadb/notesiadb/growth_rates.aspx.
- 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 July 2012