Notice to banks and deposit-taking finance houses, issued by the Bank of England on 26 March 1980.
The Bank of England announces that, with the approval of the Chancellor of the Exchequer, it has decided to terminate the supplementary special deposits scheme when its present period of operation ends in June 1980.
The final calculation of any liability to make supplementary special deposits will be based on the average of each institution's interest-bearing eligible liabilities on the make-up days for April, May and June 1980. Any supplementary special deposits arising from this final calculation will be lodged on 14 July 1980 and repaid on 11 August 1980.
Published on
01 March 1980
Credit control notice