Statistical Notices to Reporting Banks 1999/07
Statistical Notices should be received by all those responsible for the completion of Bank of England returns. To add names to the circulation list please contact us on 020 7601 3644
- E-mail addresses for MFSD staff (effective immediately)
- Reporting panel criteria (effective immediately)
- Country Codes (effective immediately)
- Rounding tolerance on certain international forms (effective immediately)
- Transfer of Exchequer cash management to the Debt Management Office (effective end-February 2000 reporting)
- Contents page for insertion in the Yellow Folder (update)
1. E-mail addresses for MFSD staff (effective
immediately)
All staff in Monetary & Financial Statistics Division are
now able to receive and send e-mails via the Internet, from
their desktop PCs. All addresses are in the format of firstname.lastname@bankofengland.co.uk
2. Reporting panel criteria (effective immediately)
The reporting threshold for Form Q1(D) Section A and the promotion/demotion
timetable for Form Q1(D) Sections A, B and C have been amended.
These changes reflect the need to review the population on a monthly not quarterly basis and to ensure we include all of the important players in the mortgage and consumer credit market, reflecting the importance of the published data that are based on the Q1D form.
We have also taken this opportunity to update and clarify the reporting criteria for Form QX Sections 3 and 7.
An updated version of the Reporting Panel Criteria, for insertion in your Yellow Folder is attached.
3. Country Codes (effective immediately)
On the paper copies of the "C" forms the four letter
codes are no longer shown. However, if you submit any forms
via BEERS covering country data you must use these four letter
codes.
A list of these codes is can be downloaded here for your records and a revised section of the classification of accounts guide section V.2 will be issued in a future statistical notice.
4. Rounding tolerance on certain international forms
(effective immediately)
Following the introduction of a new data processing system in
Monetary & Financial Statistics Division, we are now able
to accept a rounding tolerance of up to and including 3 for
the Total boxes on the following forms: CA, CB, CC, CL, C1 and
B1. However, please note this is not the case for any other
forms.
In addition, cross-form validations between these total boxes and other returns with a tolerance of up to and including 3 are also acceptable. Pages of the Yellow Folder annotated to this effect will be reissued as other changes arise.
5. Transfer of Exchequer cash management to the Debt
Management Office (effective end-February 2000 reporting)
In May 1997 the Chancellor of the Exchequer announced the transfer
of sterling government debt and cash management responsibilities
from the Bank of England to HM Treasury. The Debt Management
Office (DMO), an executive agent of the Treasury, took over
responsibility for the management of sterling UK Government
debt from April 1998 and the transfer of Exchequer cash management
is now being implemented.
From February 2000 the DMO intends to undertake a limited range of bilateral transactions (potentially including repo, reverse repo and outright purchases and sales) with market counterparties with the intention of smoothing part of the Exchequer component of the Bank of England’s money market forecast. Full responsibility for Exchequer cash management should be transferred towards the end of the first quarter of 2000, at which point the DMO will undertake the full range of operations with counterparties.
The Bank of England will continue to operate in the money market, potentially with the same counterparties as the DMO. It is important, therefore, that reporting banks draw a distinction between transactions with the DMO and the Bank of England, which should be reported against the Central Government and Central Bank sectors respectively. Furthermore, as a Central Government body, business with the DMO must be reported in our industrial analysis of deposits and lending (Forms AD & AL) with the classification Public Administration and Defence.
An updated Page 9 of the Classification of accounts guide, Section III sector definitions and Page 8 of the classification of accounts guide, Section IV industrial classification are attached for insertion in your Yellow Folder.
6. Contents page for insertion in the Yellow Folder
(update)
Downloaded
here.
Bank of England
Monetary & Financial Statistics Division
6 December 1999
