Sectoral breakdown of aggregate M4 and M4 lending
December 2009
The household sector’s holdings of M4 rose by £2.8 billion in December. The annual growth rate fell to 2.3%. M4 lending (excluding the effects of securitisations etc) to the household sector rose by £2.5 billion. The annual growth rate fell further, to 1.6%. Private non-financial corporations’ (PNFCs’) holdings of M4 increased by £1.3 billion; the annual growth rate fell to 4.2%. M4 lending (excluding the effects of securitisations etc) to PNFCs rose by £0.3 billion in December and annual growth was less negative, at -2.2%. Holdings of M4 by other financial corporations (OFCs) fell by £27.2 billion and M4 lending (excluding the effects of securitisations etc) to OFCs fell by £4.7 billion in December.
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| PDF Version (12k) | |
| Microsoft Excel Version (21k) | |
| Table B - A wider measure of PNFC financing | |
| PDF Version (11k) | |
| Microsoft Excel Version (23k) | |
PNFCs redeemed a net total of £2.2 billion from UK MFIs and capital markets in December, against a net £2.6 billion raised in November. Information on capital issues can be found in the Capital Issuance release of 21 January 2010.
| Table C - M4 and M4 lending | |
| PDF Version (12k) | |
| Microsoft Excel Version (22k) | |
| Table D - M4 and M4 lending excluding intermediate OFCs | |
| PDF Version (12k) | |
| Microsoft Excel Version (22k) | |
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M4 excluding intermediate OFCs fell by £7.6 billion in December, compared with a £14.0 billion rise in November. Three-month annualised growth was less negative, at -0.5%. M4 lending excluding intermediate OFCs rose by £9.1 billion in December, compared with a £15.6 billion rise in November. Estimates of three-month annualised growth rates for July and August 2009 and estimates of twelve-month growth rates for off-quarter months are available on request by emailing mfsd_ms@bankofengland.co.uk .
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| Table E - M4 and M4 lending excluding all OFCs | |
| PDF Version (12k) | |
| Microsoft Excel Version (22k) | |
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| PDF Version (14k) | |
| Revisions to Table A (57k) |
| Notes and definitions for M4 | |
| Notes and definitions for Sectoral M4 and M4 Lending | |
| Information on growth rates and revisions policy. |
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Next release date:
1 March 2010


