Data on Monetary financial institutions (excluding central bank): group detail (UK, Other EU, US, Japan, Other developed and Other Nationalities) are available via the Database within Monetary financial institutions' balance sheets, income and expenditure. The total of the line across the tables match across to the amounts outstanding available in Monetary financial institutions' (excluding central bank) balance sheet (Table B1.4) in Bankstats (Monetary and financial Statistics).
All data series are available in their current groupings monthly from January 2010. The data are not seasonally adjusted. Prior to May 2010 data, all the different nationality groups were shown together available via the Database within Monetary financial institutions' balance sheets, income and expenditure.
Monetary financial institutions' balance sheets, income and expenditure show historical balance sheets for the "other banks" and "building societies" sectors respectively (see December 2009 Bankstats or earlier editions). To protect the confidentiality of reporting institutions data the publication of separate series for building societies has been discontinued from January 2010.
Publication of data will usually occur on the 21st working day of the month available via the Database within Monetary financial institutions' balance sheets, income and expenditure, and in Bankstats (Monetary and Financial Statistics) subject to the published release dates.
All UK-resident MFIs report data directly to the Bank of England on the form BT on a quarterly basis. MFIs with eligible liabilities over £400mn or private sector deposits or loans over £1,000mn report data on monthly basis as well. All data are reported in sterling, with foreign currency data converted to sterling at the middle spot sterling exchange rate at 4pm on the last working day of the month.
The MFIs (excluding central bank) balance sheet data are currently available for the nationality groups detailed below:
The groupings cover the MFI branches and subsidiaries in the UK of companies from the respective territories. The latest full list of the constituents of each bank group is available on the reporting institutions index.
The tables provide, for each group of monthly reporting institutions, the same basic information contained in the aggregate MFI sector balance sheet, but in rather less detail.
Balance sheet data comprise both the liabilities and assets of all UK resident MFIs.
These include all credit balances on customers' accounts. This covers deposits by other UK MFIs (except deposits in connection with syndicated lending), deposits by non-resident (except those from non-resident offices of the reporting institution invested in fixed assets which are included in capital and other funds), overdrawn accounts with UK and non-resident correspondents, and deposits from other UK residents. They also include acceptances granted, liabilities under sale and repurchase agreements, certificates of deposit and other short-term paper issued (all shown separately except bills accepted by another UK bank), and all liabilities in gold bullion or gold coin (which are included in ‘Other/Foreign currency liabilities’) except that deposited for safe custody.
Sight deposits comprise balances as defined above, whether interest-bearing or not, are accessible without penalty, either on demand or by close of business on the day following that on which the deposit was made.
Time deposits comprise all other deposits except acceptances granted, certificates of deposits and other short-term paper. Time deposits include the cash elements of all ISA deposits including those which can be withdrawn on demand, and bills accepted by other UK MFIs.
Acceptances granted represent the MFIs' liabilities to the owners of the bills.
Liabilities under sale and repurchase agreements comprise cash receipts arising from the sale of securities or other assets for a finite period with a commitment to repurchase. Liabilities which arise when securities or other assets are sold in exchange for other securities or other non-cash assets are excluded. The amount of the liability (or its currency denomination) is determined by the cash consideration not the market value (or currency denomination) of the securities.
CDs etc. and other short-term paper issued include promissory notes issued by the reporting institutions. Also included are unsubordinated capital market instruments (except debentures and secured loan stocks) of any maturity, and subordinated loans with an original maturity of five years or less. Other subordinated loans and debentures are included in ‘Capital and other funds’. Issues of bills accepted by other UK MFIs are included in time deposits placed by UK MFIs.
Items in suspense and transmission comprise credit balances not in customers' names but relating to customers' funds rather than to the reporting institution's internal funds or to shareholders' funds; balances awaiting settlement of securities transactions, and standing orders and credit transfers debited to customers' accounts, and other items for which the corresponding payment has not yet been made by the reporting institution. Also included are credits in course of transmission to UK branches of the reporting institution, to other UK MFIs, and to non-resident banks.
Net derivatives comprise the overall net derivatives position of contracts which are included within the trading and banking books of the reporting institutions.
Accrued amounts payable are gross amounts payable which have not yet been paid or credited to accounts.
Capital and other funds include shareholders’ funds, working capital provided by non-resident offices, and all internal accounts (both liability and asset). Included here is loan capital such as debentures and subordinated loans with an original maturity of more than five years.
Balances with the Bank of England/UK Central Bank
Cash ratio deposits: On 1 June 1998 a statutory scheme came into effect whereby both banks and building societies with average eligible liabilities of £400mn or more were required to hold non-interest-bearing deposits with the Bank of 0.15% of their eligible liabilities in excess of £400mn. With effect from 1 June 2004 the threshold for average eligible liabilities was raised to £500mn and deposits collected on banks eligible liabilities over £500mn. The percentage was reduced to 0.11% on 2 June 2008. With effect from 3 June 2013 the threshold for average eligible liabilities was raised to £600mn. The level of each institution's CRD is currently calculated twice-yearly (currently in May and November) at 0.18% of average ELs, over the previous six end-calendar months, in excess of £600mn.
Other: These comprise balances with the Bank of England other than cash ratio deposits.
UK MFIs includes all money (including correspondent balances, finance leasing and initial margin payments relating to futures and options contracts) lent to, or placed on deposit with, other UK MFIs (excluding the Bank of England); and bills drawn by other UK MFIs under acceptance credit facilities which the reporting institution has itself discounted. Overdrawn accounts are included under deposits.
UK MFIs' CDs include holdings of promissory notes and other short-term paper issued by other UK MFIs.
UK MFI commercial paper includes MFIs' holdings of commercial paper issued by UK-resident MFIs.
Non-residents includes all balances (including correspondent balances) with, and funds lent to, non-resident banks (except trade and portfolio investments); bills drawn by non-resident banks under acceptance credit facilities opened by the reporting institution which the reporting institution has itself discounted; and certificates of deposit, promissory notes, commercial paper and other short-term paper issued by non-resident banks and owned by the reporting institution.
Acceptances granted comprise a claim on the counterparty whose bill the MFI has accepted, except bills both accepted and discounted by the same MFI (the latter are included as lending unless these bills are subsequently rediscounted). Acceptances are classified according to the customer who has asked for the acceptance facility to be opened. Includes acceptances of UK banks’ bills of exchange further to the restriction on their drawing bills being lifted by the Bank of England in March 2000.
MFIs bills comprise all sterling bills which have been accepted by another UK MFI, including sterling bills issued by the Bank of England.
Treasury bills are short-term debt securities (with original maturity of up to 364 days) of the UK government.
Other UK residents includes local government bills, public corporation bills not accepted by UK MFIs, sterling commercial paper issued by other UK residents, and UK paper not included elsewhere. It excludes bills connected with lending under the special schemes for exports and domestic shipbuilding, and bills which the reporting institution has disposed of by rediscounting. Bills and notes are classified according to the currency in which they are drawn.
Claims under sale and repurchase agreements comprise cash claims arising from the purchase of securities for a finite period with a commitment to re-sell. Claims which arise when securities or other assets are purchased in exchange for other securities etc. are excluded. The amount of the claim (or its currency denomination) is determined by the cash consideration not the market value (or currency denomination) of the securities.
These include all securities beneficially owned by the reporting institution. They include securities which the reporting institution has sold for a finite period, but with a commitment to repurchase (i.e. repos), but exclude securities which have been bought for a finite period, but with a commitment to resell (i.e. reverse repos). Securities are defined as marketable or potentially marketable income-yielding instruments including bonds, FRNs, preference shares and other debt instruments but excluding certificates of deposit and commercial paper issued by banks and building societies, which are shown under market loans.
All investments are reported on a net basis, so that a negative position represents a short position in that particular type of security, for example as a result of borrowing that security.
UK government bonds include all gilts issued by the government.
Other public sector investments include certificates of tax deposit, local government stocks and bonds which are listed on The London Stock Exchange and UK public corporation stocks and bonds.
Investments in UK MFIs include Bank of England Euro Notes and Bank of England foreign currency bonds.
Investments in other UK residents include MFI holdings of equities and bonds issued by the UK non-MFI private sector.
Investments in non-residents include deposits (including retained profits) with non-resident offices which have been invested in fixed assets such as premises and equipment.
Items in suspense and collection include all debit balances not in customers' names but relating to customers' funds rather than to the reporting institution's own internal funds (e.g. debit balances awaiting transfer to customers' accounts) and balances awaiting settlement of securities transactions. Collections comprise cheques etc. drawn, and in course of collection, on other UK MFIs. They include cheques that have been credited to customers’ accounts but are held overnight before being presented or paid into the reporting institution’s account with another UK MFIs or non-resident bank; they exclude cheques already passed to other UK MFIs for collection (these are included under ‘Market loans’ to UK MFIs). They include all collections on non-resident banks and items in transit to non-resident offices of the reporting institution, where the reporting institution is acting as principal and not as an agent for collection and where it has already given credit or value for the items.
Accrued amounts receivable are gross amounts receivable but which have not yet been received and include interest and other revenues.
Other assets includes holdings of gold bullion and gold coin (in ‘Other currency assets’), other commodities (e.g. silver), together with land, premises, plant and equipment and other physical assets owned, or recorded as such, including assets leased out under operating leases and leased in under finance leases. Assets leased out under finance leases are included as loans.
For statistical purposes, the United Kingdom comprises Great Britain and Northern Ireland, but excludes the Channel Islands and the Isle of Man. UK residents include: HM Government and other UK public authorities; enterprises which produce goods and services in the United Kingdom, including non-resident enterprises' branches and subsidiaries located and operating in the United Kingdom; individuals permanently resident in the United Kingdom (including temporary residents who have stayed, or who intend to stay, for a year or more) together with individuals normally resident in the United Kingdom who are overseas for less than a year; and members of UK armed forces and officials of HM Government serving overseas, as well as their dependants.