Total all currency deposits from other financial corporations (OFCs) decreased by £10.8bn in November. Decreases in deposits from central clearing counterparties (-£9.3bn), securities dealers (-£2.9bn), investment and unit trusts (-£2.8bn) and fund managers (-£2.5bn) were partially offset by increases in deposits from securitisation special purpose vehicles (+£3.1bn) and other financial intermediaries (+£2.9bn). Deposits from non-financial corporations (NFCs) increased by £6.7bn. The rise was due to increases in deposits from public administration and defence (+£2.4bn), transport, storage and communication (+£2.1bn), mining and quarrying (+£1.8bn) and manufacturing (+£0.8bn). This was partially offset by a decrease in deposits from education (-£0.6bn).
Total all currency loans to OFCs increased by £14.8bn. The rise was mainly due to increases in lending to fund managers (+£8.3bn), securities dealers (+£4.9bn) and bank holding companies (+£4.7bn), partially offset by a decrease in lending to central clearing counterparties (-£2.3bn) and mortgage and housing credit corporations
(-£0.6bn). Loans to NFCs decreased by £3.8bn. The fall was mainly due to decreases in lending to real estate, professional services and support activities (-£1.6bn), public administration and defence (-£1.5bn) and construction (-£0.8bn). This was partially offset by increases in lending to manufacturing (+£0.5bn) and electricity, gas and water supply (+£0.5bn).
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(e) May not equal the sum of its components due to the method of calculation.
- 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/statistics/pages/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 Novy 2009. Three-month annualised growth rate series are available each month from Novtember 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 January 2013