The 2009 Banking Act removed the legal requirement for us to continue publishing a summary balance sheet showing our main assets and liabilities, which was known as the Bank Return. In 2012, Ian Plenderleith completed a review of our provision of emergency liquidity assistance (ELA). Regarding the future publication of the Bank Return, the review recommended that the Bank ‘should consider ceasing to do so at an appropriate time, in order to improve its ability to provide covert liquidity assistance in future.’ Our public response was to agree the recommendation and pledge to undertake further analysis.
On 30 June 2014, we announced that we intended to replace the Bank Return publication with the Weekly Report (Table B1.1.2). The Weekly Report provides data on all assets and liabilities generated through our monetary policy operations, and would typically disclose over 90% of our balance sheet by value. The information provided in the Weekly Report is augmented by the Bank of England consolidated balance sheet (Table B1.1.3). This is published quarterly, with a lag of five quarters, with data for other assets and liabilities, completing the full balance sheet. This balance sheet report is prepared under our accounting policies (listed in our Annual Report).
The final Bank Return was published on 25 September 2014, with the first Weekly Report published on 2 October 2014.
The Weekly Report is published each week on a Thursday for positions as at the previous day.
The Bank of England consolidated balance sheet is published on the first Tuesday of each quarter.