Overview of Monetary & Financial Statistics
Monetary and Financial Statistics Division (MFSD) collects monetary and financial data from all banks operating in the UK .
Monetary statistics are collected from banks (including the central bank) and building societies operating in the UK - together they make up the Monetary Financial Institutions (MFI) sector. Sectoral and industrial breakdowns of the money and credit data are available. There is also a wider measure of lending to individuals available, which includes mortgage lending and consumer credit provided by institutions other than banks and building societies. Data for notes and coin (also known as 'narrow money') are published on a weekly and monthly basis.
Financial Statistics include the banks' contribution to UK GDP and balance of payments, the UK 's gold and foreign currency reserves, statistics on financial derivatives and the UK 's international banking activity. We also collect effective and quoted interest rates data and compile statistics on new issues and redemptions of equities, bonds, commercial paper and other debt securities in the UK capital markets. Every three years we compile the UK 's contribution to the triennial survey of derivatives and forex for the BIS - the next one is due in 2007.
MFSD has a small Research & Development Team which undertakes research to ensure the quality and relevance of our statistics, and to monitor our compliance with our Statistical Code of Practice. The team oversees our international work, including representational work with the European Central Bank (ECB). They also work closely with the Office for National Statistics (ONS) in a number of areas (see Key Resources for an overview of the joint research programme).
The data collected by the Monetary and Financial Statistics Division contribute to a wide range of outputs. Many of these series are accessible from this web site while some others are primarily collected as contributions to wider economic or financial aggregates and so are not automatically identified here. Users requiring series compiled by the Bank from our current reporting forms but not separately published should discuss their needs with the MFSD internet Co-ordinator, tel 020 7601 5432.
Much of MFSD's data are used within the Bank by Monetary Analysis, as part of the input to the MPC process and the Inflation Report, and within Financial Stability in their assessments of the UK banking sector. The ONS is also a major customer for our data. A Firm Agreement governs the relationship between the Bank and ONS, with the ONS providing an annual assessment of our performance (see Key Resources).
The Bank currently acts as the 'post box' for the banks' FSA regulatory returns - receiving the bulk of data electronically and passing them on to the FSA. A Service Level Agreement covers the provision of services between the Bank and FSA (see Key Resources).
Data are available on line via our interactive database or in formatted tables in our Monthly on-line publication Monetary and Financial Statistics .
Key Resources
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Organogram of Monetary & Financial Statistics Division Download PDF (31k) |
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A Work Programme in Financial Statistics MFSD work programme for the development of financial statistics. April 2008, by Fida Hussain Download PDF |
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Firm Agreement between the Bank of England and the Office for National Statistics. Download PDF (165k) |
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Firm Agreement Executive Summary |
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Service Level Agreement between the Bank of England and the Financial Services Authority. Download PDF (48k) |
