This analysis begins with a description of the transactions of the various sectors in the calendar year 1968. There follows a discussion of the sector figures for the fourth quarter and some preliminary comment on the first quarter of 1969. The comment on the quarterly figures is based on seasonally adjusted series but, as emphasised in the December 1968 Bulletin,1 the figures must be regarded with caution until more is known about the reliability of the adjustments used. The annual figures and the unadjusted quarterly figures are presented in Tables U and V at the end, where there are also notes on sources and definitions.
A discussion of changes in sterling bank deposits and in the banking sector's sterling lending in the first quarter of 1969 begins on page 159; this is based on unadjusted figures, which are set out in detail in Table W. Finally, there is a section dealing with changes in the money supply in the first quarter.