The euro-currency business of banks in London - maturity analysis as at end-October 1971

Quarterly Bulletin 1972 Q1
Published on 01 March 1972

This article is the latest in the series giving the results of the Bank's periodic enquiries concerning the maturities of London banks' assets and liabilities in foreign currencies. It discusses the figures for the end of October 1971, which are set out in detail in the tables on pages 60-2. These figures show that there was a considerable improvement in the sight, or near sight, position of the banks, compared with the previous analysis, which related to the end of February 1971. They also show that the banks had lent in October some £3,400 million for periods of one year or longer, and that they were largely using much shorter-term money for this purpose.

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