Statistical Notices to Reporting Banks 2004/02
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 Michelle Child (Tel. 020 7601 3644).
- Form QX to Form Q1(D) cross form validations (effective immediately)
- Form DQ validations (effective immediately)
- Form PL defintions (effective immediately)
- Classification of London Pension Fund Authority (effective end-April 2004 reporting)
- Update to Forms CC, CL, CH, C1, CE, B1, A2, BG, DQ (effective end-June 2004 reporting)
- New Form G (replace of current Form G) (effective January 2005)
- Dividers for Yellow Folder (update)
- Contents page for Yellow Folder (update)
1. Form QX to Form Q1(D) cross form validations
(effective immediately)
It has been brought to our attention that we have some out of
date cross form validations for Forms QX and Q1(D) in our instructions.
These have been removed and amended pages are attached (Q1(D),
QX)) for insertion in the Yellow Folder.
2. Form DQ validations (effective immediately)
It has been brought to our attention that there is typing error
on page 1 of the Form DQ internal validations. This error has
been rectified and an amended page is attached for insertion
in the Yellow Folder.
3. Form PL defintions (effective immediately)
We have updated the Form PL definitions in order to clarify
the reporting requirements for interest receivable and payable
on long and short positions of bonds and FRNs (PL items 1D,
2D and 24F). The basis for correct reporting remains unchanged,
i.e. the intention is that all interest receivable on long positions
and payable on short positions should be reported gross. Amended
pages of the Form PL definitions are attached for insertion
in the Yellow Folder.
If you have any queries relating to Form PL, please contact
the Bank via e-mail.
4. Classification of London Pension Fund Authority
(effective end-April 2004 reporting)
London Pension Fund Authority has been reclassified. Any business
with London Pension Fund Authority should be classified as
business
with a public corporation. London Pension Fund Authority had
previously been shown in the Classification of Accounts guide
as local government (ie. as a local authority on Form BT).
Any
existing business should be reclassified with effect from end-April
2004 reporting. When submitting end-April 2004 data, please
advise Al Cattermole of any reclassifications in writing, to
the usual address.
Updated pages of the sector definitions section of the Classification of Accounts Guide are attached for insertion in the Yellow Folder.
If you have any queries relating to classification please contact the Help Desk on 020 7601 5360.
5. Update to Forms CC, CL, CH, C1, CE, B1, A2, BG,
DQ (effective end-June 2004 reporting)
Following instruction from the Bank for International Settlements
(BIS), a number of changes have been made to the above reporting
forms, which can be broken down into the following sections:
Change of 2 letter code for an existing country
East Timor was previously added to the reporting forms with
the 2 letter code TP, as advised by the BIS. However the BIS
have explained to us that this is not consistent with the International
Organisation for Standardisation and so the 2 letter code has
been amended to TL on Forms CC, CL, CH, C1, CE, B1, A2, BG and
DQ. The 4 letter code remains unchanged.
| Country Name | New 2 letter code | 4 letter code |
| East Timor | TL | EAST |
Additional Country
Serbia and Montenegro has been added to the country breakdown
within Forms CC, CL, CH, C1, CE, B1, A2, BG and DQ. Positions
that relate to Serbia and Montenegro (previously reported as
part of Former Yugoslavia) should now be reported using the
codes shown below. As a result of this change, the National
Bank of Serbia and the Central Bank of Montenegro have been
added to the list of Central Monetary Institutions (CMIs) in
Section III.12 of the Classification of Accounts Guide. Where
CMIs are split by region on Forms CL, CH and A2, Serbia and
Montenegro should be included within Other Western Europe.
| New Country | 2 letter code | 4 letter code |
| Serbia & Montenegro | CS | SERM |
Removal of countries
The countries Former Czechoslovakia, Former USSR and Former
Yugoslavia are to be removed from the country breakdown within
Forms CC, CL, CH, C1, CE, B1, A2, BG and DQ. All of these countries
should contain historic business only, with any new business
being allocated to one of the countries that was created when
these former countries were broken up. Therefore the figures
currently reported against Former Czechoslovakia, Former USSR
and Former Yugoslavia are small and falling to zero. From end-June
returns, these figures should be reported against unallocated
(UNAL).
Forms CC, CL, CH, C1 (wef Jun-04, wef Dec-04), CE, B1 (wef Jun-04, wef Dec-04), A2, BG and DQ have been updated to reflect the changes outlined above.
Printed copies of the forms will be available shortly, and a small supply will be sent to those reporters who submit their data on paper. However, if you submit electronically but would like a copy of the forms please contact Sarah Waddington (Tel. 020 7601 5505).
The list of CMIs within Section III.12 of the Classification of Accounts Guide has been amended to reflect the changes, along with the country list in Section V. An additional alteration has been made to the country list in Section V to include Poland (PL, POLA) and Jersey (JE, JERS) which had previously been omitted in error. Western Sahara (WH, WSAH) has also been added to Other Africa in the breakdown of CMIs in Section III.12 of the Classification of Accounts Guide due to a previous omission.
NOTE: These changes become effective for returns completed as at end-June 2004.
The technical specification for electronic reporting has now been updated to include the new Form CE, if you have any queries relating to electronic reporting please contact Sue Casey (Tel.020 7601 5501).
If you have any queries relating to these changes please contact Kerry Baker (Tel. 020 7601 3754).
If you have any queries relating to the completion of Form DQ please contact Graham Semken (Tel. 020 7601 5908).
If you have any queries relating to the completion of Form BG please contact Martin Udy (Tel. 020 7601 4731).
6. New Form G (replacement of current Form G)
(effective January 2005)
A new gold return has been developed to replace the current
Form G, which is to be reported by members of the London Bullion
Market Association (LBMA). The Bank of England and Office for
National Statistics (ONS) have discussed the detail of these
changes with a committee formed of the LBMA and a selection
of its members. All LBMA members were then invited to comment
on the new form at a presentation in January. The form and definitions
are now being released in order to provide sufficient time for
preparations, including the coding of IT systems, to meet the
planned implementation of January 2005. The first Form G should
be reported as at end-March 2005.
The new Form G will meet the information requirements of the ONS in the compilation of the UK Balance of Payments and National Accounts, following the removal of a derogation on gold reporting that had been obtained at the introduction of the EU 'European System of Accounts 1995'.
Copies of the form and its definitions are attached, and are also available on our website here.
The technical specification for electronic reporting has been updated to include this new Form G, if you have any queries relating to electronic reporting please contact Sue Casey (Tel.020 7601 5501).
If you have any queries on the Form G its definitions or whether you are required to report the form please contact Mhairi Burnett (Tel. 020 7601 3519).
7. Dividers for Yellow Folder (update)
We have recently had a divider for Form CE printed, for insertion
in the Yellow Folder. If you require a copy please contact Sarah
Waddington (Tel.020 7601 5505).
8. Contents page for Yellow Folder (update)
Attached.
Bank of England
Monetary & Financial Statistics Division
24 March 2004
