• Statistical Release (153k)
  
• Table (Notes & Coin and M0)
  
• Revisions
  
• Notes to Editors
  
• Comments and Queries

The annual growth of M4 lending (excluding the effects of securitisations etc) to the household sector slowed to its weakest since May 2002.  The annual rate of growth of the household sector's holdings of M4 also slowed. Private non-financial corporations' (PNFCs') holdings of M4 increased in March, having fallen in February, while M4 lending (excluding the effects of securitisations etc) to PNFCs was stronger than the weak outturn in February. The annual growth of M4 deposits held by other financial corporations (OFCs) increased to its strongest since January 2001.  Weak M4 lending (excluding the effects of securitisations etc) to OFCs led to a fall in the annual growth rate.

Changes in aggregate holdings of M4 and M4 lending (excluding the effects of securitisations etc) in March, shown in Table C, were revised down from those released provisionally, by £1.3 billion and £0.8 billion respectively.

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Tables

Table A - Notes & Coin and M0
	PDF Version (76k)
	Microsoft Excel Version (19k)
Table B - A wider measure of PNFC financing
	PDF Version (63k)
	Microsoft Excel Version (19k)

Funds raised by PNFCs from UK MFIs and the capital markets were stronger in March than the monthly average of £3.1 billion in the six months to February 2005. Further information on capital issues can be found in the Capital Issuance statistical release of 20 April.

Table C - M4 and M4 lending
	PDF Version (65k)
	Microsoft Excel Version (19k)

Revisions

Revisions to Table A (115k)

Notes to Editors

	Notes and definitions for M4
	Notes and definitions for Sectoral M4 and M4 Lending
	Information on growth rates and revisions policy.

Comments and Queries

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Next release date: 1 June 2005