LPMBC57

Notes:

[a] Please note that the compilation and descriptions of some credit series have changed from publication of April 2015 data, as described in Bankstats, April 2015, 'Changes to the treatment of loan transfers and lending to housing associations', available at www.bankofengland.co.uk/statistics/Documents/ms/articles/art1apr15.pdf.

[b] This series includes purchases of bonds made as part of the Bank of England's Corporate Bond Purchase Scheme. Data on Central Bank holdings of securities can be found in Bankstats Table B2.2. For further information on the Bank's treatment of securities transactions in credit statistics, see: www.bankofengland.co.uk/statistics/Documents/articles/2015/2may.pdf.

[c] Following the transition of building societies' statistical reporting from the FSA to the Bank of England on 1 January 2008, some minor changes to the building societies' contribution to the calculation of the Monthly Sectoral Analysis of M4 and M4 Lending have been implemented. The effects of these have been removed from the flows data, and are small in terms of the amounts outstanding. (31 Jan 2008)

[d] A change in accounting practices at one institution increased M4 lending to private non-financial corporations by around £0.8bn. This increase has been removed from the flows data for September 2008 (30 Sep 2008)

[e] From April 2009 data onwards, banks' and building societies' own covered bond entities are part of the bank or building society. Positions between banks/building societies and their covered bond entities are netted out; assets held by covered bond entities are now included on banks'/building societies' balance sheets. This led to a £96bn fall in amounts outstanding of loans to and investments in OFCs, the effect of which has been removed from the flows data for April. (30 Apr 2009)

[f] Due to changes to reporting of securitised loans, along with related liabilities, the amount outstanding of this series has decreased by £4bn. The movement has been adjusted out of the flows for January 2010. For further details please see http://www.bankofengland.co.uk/statistics/documents/ms/articles/art1feb10.pdf. (31 Jan 2010)

[g] Due to loan transfers out of the UK MFI population, the amounts outstanding has been reduced by £6.5bn. These effects have been adjusted out of the flows for October 2010. (31 Oct 2010)

[h] Due to loan transfers out of the UK MFI population, the amounts outstanding has been reduced by £2bn. These effects have been adjusted out of the flows for November 2010. (30 Nov 2010)

[i] Due to loan transfers out of the UK MFI population, the amounts outstanding has been reduced by £6bn. These effects have been adjusted out of the flows for December 2010. (31 Dec 2010)

[j] Due to loan transfers out of the UK MFI population, the amounts outstanding has been reduced by £2.5bn. These effects have been adjusted out of the flows for February 2011. (28 Feb 2011)

[k] Due to reporting process improvements at one institution, the amount outstanding of this series has decreased by £2bn. The movement has been adjusted out of the flows for October 2011. (31 Oct 2011)

[l] Due to a reclassification by one reporting institution from unincorporated businesses to PNFCs, the amounts outstanding increased by £4bn. This effect has been adjusted out of the flows for May 2012. (31 May 2012)

[m] Due to a change in the reporting population, this series has decreased by £2bn. The effect has been adjusted out of the flows for December 2012. (31 Dec 2012)

[n] Due to a restructuring at one reporting institution, the amounts outstanding increased by £1bn. This effect has been adjusted out of the flows for January 2013. (31 Jan 2013)

[o] Due to a restructuring at one reporting institution, the amounts outstanding increased by £3bn. This effect has been adjusted out of the flows for November 2013. (30 Nov 2013)

[p] From February 2014 data onwards, transfers of quoted shares are omitted from net securities flows. This improvement is described in Bankstats, May 2015, 'Changes to the treatment of securities transactions in the Bank of England's monetary statistics', available at www.bankofengland.co.uk/statistics/Documents/articles/2015/2may.pdf. (28 Feb 2014)

[q] Due to a change in accounting treatment at one reporting institution, the amounts outstanding increased by £2bn. This effect has been adjusted out of the flows for June 2014. (30 Jun 2014)

[r] Due to a change in treatment at one institution, the amounts outstanding decreased by £4bn.  This effect has been adjusted out of the flows for April 2015. (30 Apr 2015)

[s] In order to bring reporting in line with the National Accounts, English housing associations were reclassified from PNFCs to public corporations with effect from July 2017 data. The amounts outstanding decreased by £34bn. This effect has been adjusted out of the flows for July 2017. (31 Jul 2017)

[t] Due to improvements in reporting by one institution, the amounts outstanding increased by £6bn. This amount has been adjusted out of the flows for September 2017. (30 Sep 2017)

[u] Due to improvements in reporting at one institution, the amounts outstanding decreased by £2bn. This effect has been adjusted out of the flows for January 2018. (31 Jan 2018)

[v] In order to bring reporting in line with the National Accounts, English housing associations were reclassified from public corporations to PNFCs with effect from April 2018 data. The amounts outstanding increased by £34bn. This effect has been adjusted out of the flows for April 2018. (30 Apr 2018)