| Code | DS/UK/223 |
| Corporate Name | Bank of England Statistics Office |
| Dates | 1942 - 1959 |
| OtherFormsOfName | Central Banking Information Division (1959 - 1964); Financial Statistics Division (1980 - 1994) |
| Activity | The first formal unit dealing with economics or statistics appears to date from 1921 when there was a small Economic Section in the Chief Cashier's Office. Its function was to produce figures on the real economy, the balance of payments, the markets and so on for senior Bank officials. In 1927, by then renamed the Statistical Section, it started producing the Statistical Summary (EID2). As Economics and Statistics Section, it moved to the Secretary's Department in 1934, largely because its Principal was appointed Secretary of the Bank.
In 1942 a new Statistics Office was formed in the Secretary's Department, which combined this section with the Foreign Exchange Statistics Office - part of Exchange Control - and the Exchange Economy Section, which was situated in the Overseas and Foreign Office and dealt with balance of payments estimates.
As a result of the Radcliffe Committee, a new Central Banking Information Department was set up in 1959 combining the Statistics Office and the Overseas Department. |
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