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History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 User Guide This document has been created by the History Data Service and is based on information supplied by the depositor. No documentation was deposited with this Study. The following publication fully describes the data, sources and methodology: Capie F. and Webber A., Monetary History of the United Kingdom, 1870-1970, Allen & Unwin, London 1985. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 File Contents Notes Fields table1ia.tab Table I. (1) Money Base (High Powered Money) 1870-1982 Annual averages, 1870-1982 ($1000s) mb: Money Base table1ib.tab Table I. (1) Money Base (High Powered Money) 1870-1982 mb: Money Base table1ic.tab Table I. (1) Money Base (High Powered Money) 1870-1982 Annual averages of half-yearly data (June and December), 1871-1921 ($1000s) Quarterly averages, 1870-1982 ($1000s) mb: Money Base table1id.tab Table I. (1) Money Base (High Powered Money) 1870-1982 Monthly data, 1870-1982 ($1000s) mb: Money Base table1iia.tab Table I. (2) M1, M1 Multiplier and Money supply determinants, 1921-1969 Annual averages, 1922-1969 I: II: III: M1 ($1000s) M1 multiplier Currency in the hands of the public/net sight deposits Net time deposits/net sight deposits Other deposits at the Bank of England/net sight deposits Net sight and time deposits/net sight deposits Net total deposits/net sight deposits M1 ($1000s) M1 multiplier Currency in the hands of the public/net sight deposits Net time deposits/net sight deposits Other deposits at the Bank of England/net sight deposits Net sight and time IV: V: VI: VII: table1iib.tab Table I. (2) M1, M1 Multiplier and Money supply determinants, 1921-1969 Quarterly averages, 1922-1969 I: II: III: IV: V: VI: Sources (1870-1982) aggregate of Table II.(2) columns I and Table III.(2) columns I and V, less Table II.(2) column VII. (1870-1982) aggregate of Table II.(2) columns I and Table III.(2) columns I and V, less Table II.(2) column VII. (1870-1982) aggregate of Table II.(2) columns I and Table III.(2) columns I and V, less Table II.(2) column VII. (1870-1982) aggregate of Table II.(2) columns I and Table III.(2) columns I and V, less Table II.(2) column VII. Column I (1921-1969) Table II.(1) column IV plus Table II.(2) column II. Column II (1921-1969) Column I divided by Table I.(1). Column III (1921-1969) Table II.(2) column II divided by Table II.(1) column IV. Column IV (1921-1969) Table II.(1) column VI divided by Table II.(1) column IV. Column V (1921-1969) Table III.(2) column IV divided by Table II.(1) column IV. Column VI (19211969) Table II.(1) columns IV plus VI divided by Table II.(1) column IV. Column VII (1921-1969) Table II.(1) columns IV plus VI and Table III.(2) column IV divided by Table II.(1) column IV. Column I (1921-1969) Table II.(1) column IV plus Table II.(2) column II. Column II (1921-1969) Column I divided by Table I.(1). Column III (1921-1969) Table II.(2) column II divided by Table II.(1) column IV. Column IV (1921-1969) Table II.(1) column VI divided by Table II.(1) column IV. Column V (1921-1969) Table III.(2) column IV divided by Table II.(1) column IV. Column VI (19211969) Table II.(1) columns IV plus VI divided by Table II.(1) column IV. Column VII History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 VII: table1iic.tab Table I. (2) M1, M1 Multiplier and Money supply determinants, 1921-1969 Monthly data, 1921-1969 I: II: III: IV: V: VI: VII: table1iiia.tab Table I. (3) M3, M3 Multiplier and Money supply determinants, 1870-1969 Annual average data, 1871-1969 Net total deposits are the aggregate of net sight deposits, net time deposits, and other deposits at the Bank of England. I: II: III: IV: V: VI: VII: table1iiib.tab Table I. (3) M3, M3 Multiplier and Money supply determinants, 1870-1969 Quarterly averages, 1922-1969 Net total deposits are the I: II: III: deposits/net sight deposits Net total deposits/net sight deposits M1 ($1000s) M1 multiplier Currency in the hands of the public/net sight deposits Net time deposits/net sight deposits Other deposits at the Bank of England/net sight deposits Net sight and time deposits/net sight deposits Net total deposits/net sight deposits M3 ($1000s) M3 multiplier Currency in the hands of the public/net total deposits Net sight deposits/net total deposits Net time deposits/net total deposits Other deposits at the Bank of England/net total deposits Banks’ reserves and currency in the banking department/net total deposits M3 ($1000s) M3 multiplier Currency in the hands (1921-1969) Table II.(1) columns IV plus VI and Table III.(2) column IV divided by Table II.(1) column IV. Column I (1921-1969) Table II.(1) column IV plus Table II.(2) column II. Column II (1921-1969) Column I divided by Table I.(1). Column III (1921-1969) Table II.(2) column II divided by Table II.(1) column IV. Column IV (1921-1969) Table II.(1) column VI divided by Table II.(1) column IV. Column V (1921-1969) Table III.(2) column IV divided by Table II.(1) column IV. Column VI (19211969) Table II.(1) columns IV plus VI divided by Table II.(1) column IV. Column VII (1921-1969) Table II.(1) columns IV plus VI and Table III.(2) column IV divided by Table II.(1) column IV. Column I (1870-1969) Table II.(1) column II plus Table II.(2) column I plus Table III.(2) column IV. Column II (1870-1969) column I divided by Table I.(1). Column III (18701969) Table II.(2) column II qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column IV (1870-1969) Table II.(1) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column V (1870-1969) Table III.(2) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column VI (1870-1969) Table III.(2) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column VII (1870-1969) aggregate of Table II.(2) column IV and Table III.(2) column V divided by the aggregate of Table II.(1) column II and Table III.(2) column IV. Column I (1870-1969) Table II.(1) column II plus Table II.(2) column I plus Table III.(2) column IV. Column II (1870-1969) column I History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 aggregate of net sight deposits, net time deposits, and other deposits at the Bank of England. IV: V: VI: VII: table1iiic.tab Table I. (3) M3, M3 Multiplier and Money supply determinants, 1870-1969 Half yearly data, 1870-1921 Net total deposits are the aggregate of net sight deposits, net time deposits, and other deposits at the Bank of England. I: II: III: IV: V: VI: VII: table1iiid.tab Table I. (3) M3, M3 Multiplier and Money supply determinants, 1870-1969 Monthly data, 1921-1969 Net total deposits are the aggregate of net sight deposits, I: II: III: of the public/net total deposits Net sight deposits/net total deposits Net time deposits/net total deposits Other deposits at the Bank of England/net total deposits Banks’ reserves and currency in the banking department/net total deposits M3 ($1000s) M3 multiplier Currency in the hands of the public/net total deposits Net sight deposits/net total deposits Net time deposits/net total deposits Other deposits at the Bank of England/net total deposits Banks’ reserves and currency in the banking department/net total deposits M3 ($1000s) M3 multiplier Currency in the hands of the public/net total divided by Table I.(1). Column III (18701969) Table II.(2) column II qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column IV (1870-1969) Table II.(1) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column V (1870-1969) Table III.(2) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column VI (1870-1969) Table III.(2) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column VII (1870-1969) aggregate of Table II.(2) column IV and Table III.(2) column V divided by the aggregate of Table II.(1) column II and Table III.(2) column IV. Column I (1870-1969) Table II.(1) column II plus Table II.(2) column I plus Table III.(2) column IV. Column II (1870-1969) column I divided by Table I.(1). Column III (18701969) Table II.(2) column II qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column IV (1870-1969) Table II.(1) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column V (1870-1969) Table III.(2) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column VI (1870-1969) Table III.(2) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column VII (1870-1969) aggregate of Table II.(2) column IV and Table III.(2) column V divided by the aggregate of Table II.(1) column II and Table III.(2) column IV. Column I (1870-1969) Table II.(1) column II plus Table II.(2) column I plus Table III.(2) column IV. Column II (1870-1969) column I divided by Table I.(1). Column III (1870- History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 net time deposits, and other deposits at the Bank of England. IV: V: VI: VII: table1iva.tab Table I. (4) Bank of England End-Quarter Money supply and Money stock data, 19631982 Quarterly data ($m), 1963-1969 M1: (Mar 1963-Dec 1969) = columns IV+V-X (Mar 1970-Mar 1972) = columns IV+V+VI-X (Mar 1972-Dec 1982) = columns IV+V+VI $M3: (Mar 1963-Dec 1969) = M1+columns VI+VII+IX (Mar 1970-Dec 1982) = M1+columns VII+IX table1ivb.tab Table I. (4) Bank of England End-Quarter Money supply and Money stock data, 19631982 M3: (Mar 1963-Dec 1982) = $M3+column VIII Quarterly data ($m), 1970-March 1975 In March 1972 the series for sight deposits was adjusted to I: II: III: IV: V: VI: VII: VIII: IX: X: XI: I: II: III: IV: deposits Net sight deposits/net total deposits Net time deposits/net total deposits Other deposits at the Bank of England/net total deposits Banks’ reserves and currency in the banking department/net total deposits M1 $M3 M3 Notes and coins in the hands of the public UK private sector – sterling deposits: bank sight deposits UK private sector – sterling deposits: bank time deposits UK private sector – sterling deposits: discount houses UK private sector: deposits in other currencies UK public sector deposits 60% of items in transit Overseas sterling deposits in banks M1 $M3 M3 Notes and coins in the hands of the public 1969) Table II.(2) column II qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column IV (1870-1969) Table II.(1) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column V (1870-1969) Table III.(2) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column VI (1870-1969) Table III.(2) column IV qq the aggregate of Table II.(1) column II and Table III.(2) column IV. Column VII (1870-1969) aggregate of Table II.(2) column IV and Table III.(2) column V divided by the aggregate of Table II.(1) column II and Table III.(2) column IV. From BEQB Money Stock Tables. From BEQB Money Stock Tables. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 exclude 60 percent of items in transit. V: M1: (Mar 1963-Dec 1969) = columns IV+V-X (Mar 1970-Mar 1972) = columns IV+V+VI-X (Mar 1972-Dec 1982) = columns IV+V+VI VI: VII: VIII: IX: X: $M3: (Mar 1963-Dec 1969) = M1+columns VI+VII+IX (Mar 1970-Dec 1982) = M1+columns VII+IX table1ivc.tab Table I. (4) Bank of England End-Quarter Money supply and Money stock data, 19631982 M3: (Mar 1963-Dec 1982) = $M3+column VIII Quarterly data ($m), June 19751982 M1: (Mar 1963-Dec 1969) = columns IV+V-X (Mar 1970-Mar 1972) = columns IV+V+VI-X (Mar 1972-Dec 1982) = columns IV+V+VI $M3: (Mar 1963-Dec 1969) = M1+columns VI+VII+IX (Mar 1970-Dec 1982) = M1+columns VII+IX M3: (Mar 1963-Dec 1982) = I: II: III: IV: V: VI: VII: VIII: IX: X: XI: UK private sector – sterling deposits: bank sight deposits UK private sector – sterling deposits: bank time deposits UK private sector: deposits in other currencies UK public sector deposits 60% of items in transit Overseas sterling deposits in banks M1 $M3 M3 Notes and coins in the hands of the public UK private sector – sterling deposits: bank sight deposits, non-interest bearing UK private sector – sterling deposits: bank sight deposits, interest bearing UK private sector – sterling deposits: time deposits UK private sector: deposits in other currencies UK public sector deposits 60% of items in transit Overseas sterling deposits From BEQB Money Stock Tables. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table1va.tab Table I. (5) Bank of England Monthly Money supply and Money stock data, 1971-1983 $M3+column VIII Monthly data, June 1971-June 1972 ($m) M1: (Oct 1971-Jun 1972) = columns IV+V-X (Jul 1972-Jan 1975) = columns IV+V+VI-X (Jan 1975-Feb 1983) = columns IV+V+VI $M3: (Jun 1971-Jun 1972) = M1+columns VI+VII+IX (Jul 1972-Feb 1982 = M1+columns VII+IX table1vb.tab Table I. (5) Bank of England Monthly Money supply and Money stock data, 1971-1983 M3: (Jun 1971-Feb 1982) = $M3+column VIII Monthly data, July 1972-May 1975 ($m) In January 1975 the series for sight deposits was adjusted to exclude 60 percent of items in transit. M1: (Oct 1971-Jun 1972) = columns IV+V-X (Jul 1972-Jan 1975) = columns IV+V+VI-X (Jan 1975-Feb 1983) = columns IV+V+VI $M3: (Jun 1971-Jun 1972) = I: II: III: IV: V: VI: VII: VIII: IX: X: XI: I: II: III: IV: V: VI: VII: VIII: IX: X: in banks M1 $M3 M3 Notes and coins in the hands of the public UK private sector – sterling deposits: bank sight deposits UK private sector – sterling deposits: bank time deposits UK private sector – sterling deposits: discount houses UK private sector: deposits in other currencies UK public sector deposits 60% of items in transit Overseas sterling deposits in banks M1 $M3 M3 Notes and coins in the hands of the public UK private sector – sterling deposits: bank sight deposits UK private sector – sterling deposits: bank time deposits UK private sector: deposits in other currencies UK public sector deposits 60% of items in transit Overseas sterling deposits in banks From BEQB Money Stock Tables. From BEQB Money Stock Tables. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 M1+columns VI+VII+IX (Jul 1972-Feb 1982 = M1+columns VII+IX table1vc.tab Table I. (5) Bank of England Monthly Money supply and Money stock data, 1971-1983 M3: (Jun 1971-Feb 1982) = $M3+column VIII Monthly data, June 1975-Feb 1983 ($m) M1: (Oct 1971-Jun 1972) = columns IV+V-X (Jul 1972-Jan 1975) = columns IV+V+VI-X (Jan 1975-Feb 1983) = columns IV+V+VI $M3: (Jun 1971-Jun 1972) = M1+columns VI+VII+IX (Jul 1972-Feb 1982 = M1+columns VII+IX table1via.tab Table I. (6) End-Quarter and Monthly Money Base and Money supply components, 1963-1983 M3: (Jun 1971-Feb 1982) = $M3+column VIII End quarter data, 1963-1982 ($m) I: II: III: IV: V: VI: VII: VIII: IX: X: XI: I: II: III: IV: V: VI: VII: VIII: M1 $M3 M3 Notes and coins in the hands of the public UK private sector – sterling deposits: bank sight deposits, non-interest bearing UK private sector – sterling deposits: bank sight deposits, interest bearing UK private sector – sterling deposits: time deposits UK private sector: deposits in other currencies UK public sector deposits 60% of items in transit Overseas sterling deposits in banks Money base Notes and coins in the hands of the public Sight deposits Time deposits Other deposits Total deposits Bank reserves Gross National Product From BEQB Money Stock Tables. Column I (1963-1981) aggregate of columns II and VII. Column II (1963-1983) Tables I.(4) and I.(5) columns IV. Column III (1963-1983) Tables I.(4) and I.(5) columns V and X. Column IV (1963-1983) Tables I.(4) and I.(5) columns VI. Column V (19631983) Table III.(2) column IV. Column VI (1963-1983) Tables I.(4) and I.(5) columns V-XI. Column VII (1963-1981) BEQB, March 1981, pp. 63-4, columns 2 plus 3, plus Table III.(2) column V. Column VIII (1963-1982) FS. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table1vib.tab table1viia.tab Table I. (6) End-Quarter and Monthly Money Base and Money supply components, 1963-1983 Monthly data, 1971-1983 ($m) Table I. (7) End-quarter and Monthly M1 Multiplier, Determinants and Velocity, 1963-1983 End of quarter data, 1963-1982 I: II: III: IV: V: VI: VII: VIII: I: II: III: IV: V: VI: VII: table1viib.tab Table I. (7) End-quarter and Monthly M1 Multiplier, Determinants and Velocity, 1963-1983 Monthly data, 1971-1983 I: II: III: IV: V: VI: VII: Money base Notes and coins in the hands of the public Sight deposits Time deposits Other deposits Total deposits Bank reserves Gross National Product M1 multiplier Currency in the hands of the public/sight deposits Time deposits/sight deposits Other deposits/sight deposits Sight and time deposits/sight deposits Total deposits/sight deposits M1 velocity M1 multiplier Currency in the hands of the public/sight deposits Time deposits/sight deposits Other deposits/sight deposits Sight and time deposits/sight deposits Total deposits/sight deposits M1 velocity Column I (1963-1981) aggregate of columns II and VII. Column II (1963-1983) Tables I.(4) and I.(5) columns IV. Column III (1963-1983) Tables I.(4) and I.(5) columns V and X. Column IV (1963-1983) Tables I.(4) and I.(5) columns VI. Column V (19631983) Table III.(2) column IV. Column VI (1963-1983) Tables I.(4) and I.(5) columns V-XI. Column VII (1963-1981) BEQB, March 1981, pp. 63-4, columns 2 plus 3, plus Table III.(2) column V. Column VIII (1963-1982) FS. Column I (1963-1981) (column II + 1.000) divided by (column II + Table I.(8) column VII multiplied by column VI). This is the M1 multiplier as represented by equation (9) in Part I. Column II (1963-1983) Table I.(6): column II divided by column III. Column III (1963-1983) Table I.(6): column IV divided by column III. Column IV (19631983) Table I.(6): column V divided by column III. Column V (1963-1983) Table I.(6):: aggregate of columns III and IV divided by column III. Column VI (19631983) Table I.(6): column VI divided by column III. Column VII (1963-1982) Table I.(6): column VIII divided by the aggregate of columns II and III. The results were then annualised. Column I (1963-1981) (column II + 1.000) divided by (column II + Table I.(8) column VII multiplied by column VI). This is the M1 multiplier as represented by equation (9) in Part I. Column II (1963-1983) Table I.(6): column II divided by column III. Column III (1963-1983) Table I.(6): column IV divided by column III. Column IV (19631983) Table I.(6): column V divided by column III. Column V (1963-1983) Table History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table1viiia.tab table1viiib.tab Table I. (8) End-quarter and Monthly M3 Multiplier, Determinants and Velocity, 1963-1983 End of quarter data, 1963-1982 Table I. (8) End-quarter and Monthly M3 Multiplier, Determinants and Velocity, 1963-1983 Monthly data, 1971-1983 I: II: III: IV: V: VI: VII: I: II: III: IV: V: VI: VII: M3 multiplier Currency in the hands of the public/total deposits Sight deposits/total deposits Time deposits/total deposits Other deposits/total deposits Bank reserves/total deposits M3 velocity M3 multiplier Currency in the hands of the public/total deposits Sight deposits/total deposits Time deposits/total deposits Other deposits/total deposits Bank reserves/total deposits M3 velocity I.(6):: aggregate of columns III and IV divided by column III. Column VI (19631983) Table I.(6): column VI divided by column III. Column VII (1963-1982) Table I.(6): column VIII divided by the aggregate of columns II and III. The results were then annualised. Column I (1963-1981) The sum of 1.000 and column II, divided by the aggregate of columns II and VI. This is the expression for the M3 multiplier described in equation (8) in Part I. Column II (1963-1983) Table I.(6): Column II divided by column VI. Column III (1963-1983) Table I.(6): Column III divided by column VI. Column IV (1963-1983) Table I.(6): Column IV divided by column VI. Column V (1963-1983) Table I.(6): Column V divided by column VI. Column VI (19631981) Table I.(6): Column VII divided by column VI. Column VII (1963-1982) Table I.(6): Column VII divided by the aggregate of columns II and VI. The velocity data are annualised. Column I (1963-1981) The sum of 1.000 and column II, divided by the aggregate of columns II and VI. This is the expression for the M3 multiplier described in equation (8) in Part I. Column II (1963-1983) Table I.(6): Column II divided by column VI. Column III (1963-1983) Table I.(6): Column III divided by column VI. Column IV (1963-1983) Table I.(6): Column IV divided by column VI. Column V (1963-1983) Table I.(6): Column V divided by column VI. Column VI (19631981) Table I.(6): Column VII divided by column VI. Column VII (1963-1982) Table I.(6): Column VII divided by the aggregate of columns II and VI. The velocity data are annualised. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table1ixa.tab Table I. (9) GNP, M1, M3 and Velocity Measures for M1 and M3, 1870-1980 Annual data, 1870-1980 I: II: III: IV: V: Gross National Product ($m) Money supply M1 ($m) Money supply M3 ($m) Velocity (M1) Velocity (M3) table1ixb.tab Table I. (9) GNP, M1, M3 and Velocity Measures for M1 and M3, 1870-1980 Quarterly data, 1963-1969 I: II: III: IV: V: Gross National Product ($m) Money supply M1 ($m) Money supply M3 ($m) Velocity (M1) Velocity (M3) Table II. (1) UK Gross and Net Bank deposit data, 1870-1982 Annual average data, 1871-1982 I: II: III: IV: Gross bank deposits Net bank deposits Gross demand deposits Demand deposits net of 60% of items in transit Gross time deposits Time deposits net of inter bank deposits Inter bank deposits 60% of items in transit table2ia.tab Note that the quarterly velocity figures are annualized. V: VI: VII: VII: table2ib.tab Table II. (1) UK Gross and Net Bank deposit data, 1870-1982 Quarterly average data, 19221982 I: II: III: IV: Gross bank deposits Net bank deposits Gross demand deposits Demand deposits net of 60% of items in transit Column I (1870-1982) Table III.(11) column I. Column II (1922-1969) Table I.(2) column I. Column III (1871-1969) Table I.(3) column I. Column IV (1922-1969) column I divided by column II. Column V (1871-1969) column I divided by column III. Column I (1870-1982) Table III.(11) column I. Column II (1922-1969) Table I.(2) column I. Column III (1871-1969) Table I.(3) column I. Column IV (1922-1969) column I divided by column II. Column V (1871-1969) column I divided by column III. Column I, (1870-1921) aggregate of Table III.(3), columns I-VIII. (1921-1982) aggregate of Table III.(4) columns I, III, V, and VII. Data for April 1921 to March 1922 were adjusted to avoid double-counting the National Bank. Column II, (1870-1969) column I less columns VII and VIII. Data for April 1921to March 1922 were adjusted to avoid doublecounting the National Bank. Column III, (1921-1982) aggregate of Table III.(4) columns II, IV, VI, and VIII. Column IV, (1921-1969) column III less column VIII. Column V, (1921-1982) column I less column III. Column VI, (1921-1969) column V less column VII. Column VII, (1870-1921) aggregate of Table III.(6) columns I-III, V, and VII. (1921-1969) aggregate of Table III.(7) columns I, III, V, and VII. Column VIII, (1870-1921) 60 per cent of aggregate of Table III.(6) columns IV, VI, and VIII. (19211969) 60 per cent of aggregate of Table III.(7) columns II, IV, VI, and VIII. Column I, (1870-1921) aggregate of Table III.(3), columns I-VIII. (1921-1982) aggregate of Table III.(4) columns I, III, V, and VII. Data for April 1921 to March 1922 were adjusted to avoid double-counting the National Bank. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 V: VI: VII: VII: table2ic.tab Table II. (1) UK Gross and Net Bank deposit data, 1870-1982 Half yearly data, 1870-1921 I: II: III: IV: V: VI: VII: VII: Gross time deposits Time deposits net of inter bank deposits Inter bank deposits 60% of items in transit Gross bank deposits Net bank deposits Gross demand deposits Demand deposits net of 60% of items in transit Gross time deposits Time deposits net of inter bank deposits Inter bank deposits 60% of items in transit Column II, (1870-1969) column I less columns VII and VIII. Data for April 1921to March 1922 were adjusted to avoid doublecounting the National Bank. Column III, (1921-1982) aggregate of Table III.(4) columns II, IV, VI, and VIII. Column IV, (1921-1969) column III less column VIII. Column V, (1921-1982) column I less column III. Column VI, (1921-1969) column V less column VII. Column VII, (1870-1921) aggregate of Table III.(6) columns I-III, V, and VII. (1921-1969) aggregate of Table III.(7) columns I, III, V, and VII. Column VIII, (1870-1921) 60 per cent of aggregate of Table III.(6) columns IV, VI, and VIII. (19211969) 60 per cent of aggregate of Table III.(7) columns II, IV, VI, and VIII. Column I, (1870-1921) aggregate of Table III.(3), columns I-VIII. (1921-1982) aggregate of Table III.(4) columns I, III, V, and VII. Data for April 1921 to March 1922 were adjusted to avoid double-counting the National Bank. Column II, (1870-1969) column I less columns VII and VIII. Data for April 1921to March 1922 were adjusted to avoid doublecounting the National Bank. Column III, (1921-1982) aggregate of Table III.(4) columns II, IV, VI, and VIII. Column IV, (1921-1969) column III less column VIII. Column V, (1921-1982) column I less column III. Column VI, (1921-1969) column V less column VII. Column VII, (1870-1921) aggregate of Table III.(6) columns I-III, V, and VII. (1921-1969) aggregate of Table III.(7) columns I, III, V, and VII. Column VIII, (1870-1921) 60 per cent of aggregate of Table III.(6) columns IV, VI, and VIII. (19211969) 60 per cent of aggregate of Table III.(7) columns II, IV, VI, and VIII. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table2id.tab Table II. (1) UK Gross and Net Bank deposit data, 1870-1982 Monthly data, 1921-1982 I: II: III: IV: V: VI: VII: VII: table2iia.tab Table II. (2) UK Public and Banks' Holdings of Currency and Reserves, 1870-1982 Annual average data, 1871-1982 ($1000s) I: II: Column I: Annual average data for columns I and VII for 18711921 are calculated as the averages of June and December figures in order to retain consistency with the other data in this table in these years. Columns III-VI: Excludes notes and coin in the Banking Department of the Bank of England. III: IV: V: VI: VII: Gross bank deposits Net bank deposits Gross demand deposits Demand deposits net of 60% of items in transit Gross time deposits Time deposits net of inter bank deposits Inter bank deposits 60% of items in transit Notes and coin in circulation outside the Bank of England Currency in the hands of the public Banks’ cash and balances at the Bank of England Banks’ reserves (till money and balances at the Bank of England) Banks’ total cash (till money and reserve for the note issue) Banks’ till money Banks’ reserves for the notes issue Column I, (1870-1921) aggregate of Table III.(3), columns I-VIII. (1921-1982) aggregate of Table III.(4) columns I, III, V, and VII. Data for April 1921 to March 1922 were adjusted to avoid double-counting the National Bank. Column II, (1870-1969) column I less columns VII and VIII. Data for April 1921to March 1922 were adjusted to avoid doublecounting the National Bank. Column III, (1921-1982) aggregate of Table III.(4) columns II, IV, VI, and VIII. Column IV, (1921-1969) column III less column VIII. Column V, (1921-1982) column I less column III. Column VI, (1921-1969) column V less column VII. Column VII, (1870-1921) aggregate of Table III.(6) columns I-III, V, and VII. (1921-1969) aggregate of Table III.(7) columns I, III, V, and VII. Column VIII, (1870-1921) 60 per cent of aggregate of Table III.(6) columns IV, VI, and VIII. (19211969) 60 per cent of aggregate of Table III.(7) columns II, IV, VI, and VIII. Column I, (1870-1982) aggregate of Table III.(1) columns I-III, V-VII, and X, less Table III.(2) column V. Column II, (1870-1982) column I less columns VI and VII. Column III, (1870-1921) Table III.(8) columns I-VII. (1921-1982) Table III.(9) columns I-IV. Data for April 1921 to March 1922 were adjusted to avoid double-counting the National Bank. Column IV, (1870-1982) column III less column VII. Column V, (1870-1982) column IV less Table III.(2) column I. Column VI, (1870-1982) column V less column VII. Column VII, (1870-1921) aggregate of Table III.(1) columns V, VI, IX, and XII. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table2iib.tab Table II. (2) UK Public and Banks' Holdings of Currency and Reserves, 1870-1982 Quarterly average data, 18701982 ($1000s) Columns III-VI: Excludes notes and coin in the Banking Department of the Bank of England. table2iic.tab Table II. (2) UK Public and Banks' Holdings of Currency and Reserves, 1870-1982 Monthly data, 1870-1982 ($1000s) table3ia.tab Table III. (1) UK Coin and Bank notes, 1870-1982 Annual average data, 1870-1982 ($1000s) I: Notes and coin in circulation outside the Bank of England II: Currency in the hands of the public III: Banks’ cash and balances at the Bank of England IV: Banks’ reserves (till money and balances at the Bank of England) V: Banks’ total cash (till money and reserve for the note issue) VI: Banks’ till money VII: Banks’ reserves for the notes issue I: Notes and coin in circulation outside the Bank of England II: Currency in the hands of the public III: Banks’ cash and balances at the Bank of England IV: Banks’ reserves (till money and balances at the Bank of England) V: Banks’ total cash (till money and reserve for the note issue) VI: Banks’ till money VII: Banks’ reserves for the notes issue I: Coin in circulation II: Bank of England notes outstanding III: Treasury and currency notes outstanding IV: Notes and coin in the Treasury note redemption account V: English private banks’ notes VI: English joint stock banks’ Column I, (1870-1982) aggregate of Table III.(1) columns I-III, V-VII, and X, less Table III.(2) column V. Column II, (1870-1982) column I less columns VI and VII. Column III, (1870-1921) Table III.(8) columns I-VII. (1921-1982) Table III.(9) columns I-IV. Data for April 1921 to March 1922 were adjusted to avoid double-counting the National Bank. Column IV, (1870-1982) column III less column VII. Column V, (1870-1982) column IV less Table III.(2) column I. Column VI, (1870-1982) column V less column VII. Column VII, (1870-1921) aggregate of Table III.(1) columns V, VI, IX, and XII. Column I, (1870-1982) aggregate of Table III.(1) columns I-III, V-VII, and X, less Table III.(2) column V. Column II, (1870-1982) column I less columns VI and VII. Column III, (1870-1921) Table III.(8) columns I-VII. (1921-1982) Table III.(9) columns I-IV. Data for April 1921 to March 1922 were adjusted to avoid double-counting the National Bank. Column IV, (1870-1982) column III less column VII. Column V, (1870-1982) column IV less Table III.(2) column I. Column VI, (1870-1982) column V less column VII. Column VII, (1870-1921) aggregate of Table III.(1) columns V, VI, IX, and XII. Column I (1870-1905) calculated as described in Part III, chapter 6. (1905-1945) BESS. (1945-1975) BESA. (1975-1979) BEQB. (1979-1982) calculated from the BEQB. Column II (1870-1921) calculated from the Bank of England balance sheet reproduced in the BM, BA, and The Economist. (1921-1945) calculated from the BESS. (1945-1975) calculated from the History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 notes VII: Scottish banks: notes outstanding VIII: Scottish banks: authorized issue IX: Scottish banks: reserve X: Irish banks: notes outstanding XI: Irish banks: authorized issue XII: Irish banks: reserve table3ib.tab Table III. (1) UK Coin and Bank notes, 1870-1982 Quarterly average data, 18701982 ($1000s) I: Coin in circulation II: Bank of England notes outstanding III: Treasury and currency notes outstanding IV: Notes and coin in the Treasury note redemption account V: English private banks’ notes VI: English joint stock banks’ notes VII: Scottish banks: notes outstanding VIII: Scottish banks: authorized issue IX: Scottish banks: reserve X: Irish banks: notes outstanding XI: Irish banks: authorized issue XII: Irish banks: reserve table3ic.tab Table III. (1) UK Coin and Bank notes, 1870-1982 Monthly data, 1870-1982 ($1000s) I: Coin in circulation II: Bank of England notes outstanding III: Treasury and currency notes outstanding IV: Notes and coin in the BESA. (1975-1982) calculated from the BEQB. Columns III and IV (1914-1928) calculated from The Economist, BM, BBMR. Columns V and VI (1870-1921) BM. Columns VII and VIII (1870-1951) BM. (1951-1975) BESA. (1975-1982) BEQB. Column IX (1870-1951) BM. (19511982) the difference of column VII less column VIII. Columns X and XI (1870-1962) BM. (1962-1975) BESA. (1975-1982) BEQB. Column XII (1870-1962) BM. (1962-1982) the diference of column X less column XI. Column I (1870-1905) calculated as described in Part III, chapter 6. (1905-1945) BESS. (1945-1975) BESA. (1975-1979) BEQB. (1979-1982) calculated from the BEQB. Column II (1870-1921) calculated from the Bank of England balance sheet reproduced in the BM, BA, and The Economist. (1921-1945) calculated from the BESS. (1945-1975) calculated from the BESA. (1975-1982) calculated from the BEQB. Columns III and IV (1914-1928) calculated from The Economist, BM, BBMR. Columns V and VI (1870-1921) BM. Columns VII and VIII (1870-1951) BM. (1951-1975) BESA. (1975-1982) BEQB. Column IX (1870-1951) BM. (19511982) the difference of column VII less column VIII. Columns X and XI (1870-1962) BM. (1962-1975) BESA. (1975-1982) BEQB. Column XII (1870-1962) BM. (1962-1982) the diference of column X less column XI. Column I (1870-1905) calculated as described in Part III, chapter 6. (1905-1945) BESS. (1945-1975) BESA. (1975-1979) BEQB. (1979-1982) calculated from the BEQB. Column II (1870-1921) calculated from the Bank of England balance sheet History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 Treasury note redemption account V: English private banks’ notes VI: English joint stock banks’ notes VII: Scottish banks: notes outstanding VIII: Scottish banks: authorized issue IX: Scottish banks: reserve X: Irish banks: notes outstanding XI: Irish banks: authorized issue XII: Irish banks: reserve table3iia.tab Table III. (2) Bank of England Banking department Balance Sheet data, 1870-1982 Annual average data, 1870-1982 ($1000s) Reserves and Other Accounts have included sizeable assets and liabilities denominated in foreign currency held in connection with arrangements entered into on 20 January 1981 between the Banque Centrale d'Algerie, the Federal Reserve Bank of New York, and the Bank of England as part of the payment negotiated between the United States and Iran for the release of diplomatic personnel from the American embassy in Teheran. table3iib.tab Table III. (2) Bank of England Banking department Balance Sheet data, 1870-1982 Quarterly average data, 18701982 ($1000s) Reserves and Other Accounts I: II: III: IV: V: Bankers’ balances Special deposits Public sector deposits Other deposits Reserves of notes and coin I: II: III: IV: Bankers’ balances Special deposits Public sector deposits Other deposits reproduced in the BM, BA, and The Economist. (1921-1945) calculated from the BESS. (1945-1975) calculated from the BESA. (1975-1982) calculated from the BEQB. Columns III and IV (1914-1928) calculated from The Economist, BM, BBMR. Columns V and VI (1870-1921) BM. Columns VII and VIII (1870-1951) BM. (1951-1975) BESA. (1975-1982) BEQB. Column IX (1870-1951) BM. (19511982) the difference of column VII less column VIII. Columns X and XI (1870-1962) BM. (1962-1975) BESA. (1975-1982) BEQB. Column XII (1870-1962) BM. (1962-1982) the diference of column X less column XI. Column I (1870-1910) calculated from data for balances at Head Office only, available in a separate appendix to the June 1967 BEQB. (1910-1939) aggregate of balances at Head Office and the branches, Appendix to the June 1967 BEQB. (1939-1945) BESS and BM. (1945-1975) BESA. (1975-1982) BEQB. Column II (1960-1975) BESA and BEQB. (1975-1982) BEQB. Column III (1870-1922) BA. (1922-1939) BESS. (1939-1946) BA. (1946-1975) BESA. (1975-1982) BEQB. Column IV (1870-1928) calculated from data for other deposits (which included bankers' deposits in the period 1870-1928), derived from the sources given for column III, less bankers' balances as given in column I. (1928-1982) same sources as for column III. Column V (1870-1982) same sources as for column III. Column I (1870-1910) calculated from data for balances at Head Office only, available in a separate appendix to the June 1967 BEQB. (1910-1939) aggregate of balances History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3iic.tab Table III. (2) Bank of England Banking department Balance Sheet data, 1870-1982 have included sizeable assets and liabilities denominated in foreign currency held in connection with arrangements entered into on 20 January 1981 between the Banque Centrale d'Algerie, the Federal Reserve Bank of New York, and the Bank of England as part of the payment negotiated between the United States and Iran for the release of diplomatic personnel from the American embassy in Teheran. V: Reserves of notes and coin Monthly data, 1870-1982 ($1000s) I: II: III: IV: V: Bankers’ balances Special deposits Public sector deposits Other deposits Reserves of notes and coin I: II: III: London joint stock banks London private banks London ‘ephemeral’ banks Reserves and Other Accounts have included sizeable assets and liabilities denominated in foreign currency held in connection with arrangements entered into on 20 January 1981 between the Banque Centrale d'Algerie, the Federal Reserve Bank of New York, and the Bank of England as part of the payment negotiated between the United States and Iran for the release of diplomatic personnel from the American embassy in Teheran. table3iiia.tab Table III.(3) UK Banking Groups' Total Deposits, 18701921 Annual average data, 1871-1921 ($1000s) at Head Office and the branches, Appendix to the June 1967 BEQB. (1939-1945) BESS and BM. (1945-1975) BESA. (1975-1982) BEQB. Column II (1960-1975) BESA and BEQB. (1975-1982) BEQB. Column III (1870-1922) BA. (1922-1939) BESS. (1939-1946) BA. (1946-1975) BESA. (1975-1982) BEQB. Column IV (1870-1928) calculated from data for other deposits (which included bankers' deposits in the period 1870-1928), derived from the sources given for column III, less bankers' balances as given in column I. (1928-1982) same sources as for column III. Column V (1870-1982) same sources as for column III. Column I (1870-1910) calculated from data for balances at Head Office only, available in a separate appendix to the June 1967 BEQB. (1910-1939) aggregate of balances at Head Office and the branches, Appendix to the June 1967 BEQB. (1939-1945) BESS and BM. (1945-1975) BESA. (1975-1982) BEQB. Column II (1960-1975) BESA and BEQB. (1975-1982) BEQB. Column III (1870-1922) BA. (1922-1939) BESS. (1939-1946) BA. (1946-1975) BESA. (1975-1982) BEQB. Column IV (1870-1928) calculated from data for other deposits (which included bankers' deposits in the period 1870-1928), derived from the sources given for column III, less bankers' balances as given in column I. (1928-1982) same sources as for column III. Column V (1870-1982) same sources as for column III. Columns I-VIII (1870-1921) calculated from individual bank balance sheets from The Economist, BM, BA, and other History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 IV: table3iiib.tab table3iva.tab Table III.(3) UK Banking Groups' Total Deposits, 18701921 Table III. (4) UK Banks' total deposits and Current Accounts, 1921-1982 Half yearly data data, 1870-1921 ($1000s) Annual average data, 1921-1982 ($1000s) V: VI: VII: VIII: I: II: III: IV: V: VI: VII: VIII: I: II: III: IV: V: VI: VII: VIII: London provincial joint stock banks Provincial joint stock banks Provincial private banks Scottish banks Irish banks London joint stock banks London private banks London ‘ephemeral’ banks London provincial joint stock banks Provincial joint stock banks Provincial private banks Scottish banks Irish banks London clearing banks: total deposits London clearing banks: current accounts Non-clearing banks: total deposits Non-clearing banks: current accounts Scottish banks: total deposits Scottish banks: current accounts Irish banks: total deposits Irish banks: current accounts secondary and archive sources as described in Part III, chapter 5.I. Columns I-VIII (1870-1921) calculated from individual bank balance sheets from The Economist, BM, BA, and other secondary and archive sources as described in Part III, chapter 5.I. Column I (1922-1926) BM. (1923-1945) BESS. (1945-1951) MDS. (1951-1972) BESA. (1972-1975) BESA. (1975-1982) BEQB. Column II (1921-1931) MacMillan Report, Appendix I. (1931,April-June) interpolated with column I. (1931-1945) BESS. (1945-1951) MDS. (1951-1971) BESA. (1971-1975) interpolated with data for 'UK Private Sector Sterling Current Accounts' from the BESA. (1975-1982) BEQB. Column III (1921-1969) aggregate of individual balance sheets interpolated with London clearering banks' total deposits, column I. (1970-1975) BESA. (1975-1982) BEQB. Note that there is a break in the series in May 1975. Column IV (1921-1975) calculated from columns I-III using the same ratio of current accounts to total deposits as that for the London clearing banks. (19751982) BEQB. Note that there is a break in the series in May 1975. Column V (19211930) aggregate of individual banks' balance sheet data interpolated with the sum of six Scottish banks' current and History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3ivb.tab Table III. (4) UK Banks' total deposits and Current Accounts, 1921-1982 Quarterly average data, 19211982 ($1000s) I: II: III: London clearing banks: total deposits London clearing banks: current accounts Non-clearing banks: total deposit accounts, from the MacMillan Report, Appendix II. (1930-1951) aggregate of balance sheet data interpolated with the sum of columns I and II, all English banks' deposits. (1951-1975) BESA. (1975-1982) BEQB. Column VI (1921-1930) calculated from the adjusted ratio of current to total deposits obtained from the MacMillan Report data, applied to column V. (19301951) calculated from column V, and the ratio of current to total deposits of the English banks, adjusted to be compatible with the Scottish ratios for 1930 and 1951. (1951-1975) BESA. (1975-1982) BEQB. Column VII (1921-1922,March) aggregate of individual balance sheet deposit data for all Irish banks, interpolated with the deposits of all English banks. (1922,April-1951) average of the aggregate of deposits of all Irish banks operating in both the UK and the Irish Free State multiplied by 0.4, and the aggregate of the deposits of the three Northern Irish banks only (Belfast Bank, Northern Bank and the Ulster Bank), interpolated with the deposits of all English banks. (1951-1975) BESA. (1975-1982) BEQB. Column VIII (1921-1951) calculated from column VII using the ratio of current to total deposits in England and Wales, adjusted using the ratio for Northern Ireland in 1951 to allow for the relatively lower holdings of current accounts to total deposits in Ireland. (1951-1975) BESA. (1975:1982) BEQB. Column I (1922-1926) BM. (1923-1945) BESS. (1945-1951) MDS. (1951-1972) BESA. (1972-1975) BESA. (1975-1982) BEQB. Column II (1921-1931) MacMillan Report, Appendix I. (1931,April-June) History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 IV: V: VI: VII: VIII: deposits Non-clearing banks: current accounts Scottish banks: total deposits Scottish banks: current accounts Irish banks: total deposits Irish banks: current accounts interpolated with column I. (1931-1945) BESS. (1945-1951) MDS. (1951-1971) BESA. (1971-1975) interpolated with data for 'UK Private Sector Sterling Current Accounts' from the BESA. (1975-1982) BEQB. Column III (1921-1969) aggregate of individual balance sheets interpolated with London clearering banks' total deposits, column I. (1970-1975) BESA. (1975-1982) BEQB. Note that there is a break in the series in May 1975. Column IV (1921-1975) calculated from columns I-III using the same ratio of current accounts to total deposits as that for the London clearing banks. (19751982) BEQB. Note that there is a break in the series in May 1975. Column V (19211930) aggregate of individual banks' balance sheet data interpolated with the sum of six Scottish banks' current and deposit accounts, from the MacMillan Report, Appendix II. (1930-1951) aggregate of balance sheet data interpolated with the sum of columns I and II, all English banks' deposits. (1951-1975) BESA. (1975-1982) BEQB. Column VI (1921-1930) calculated from the adjusted ratio of current to total deposits obtained from the MacMillan Report data, applied to column V. (19301951) calculated from column V, and the ratio of current to total deposits of the English banks, adjusted to be compatible with the Scottish ratios for 1930 and 1951. (1951-1975) BESA. (1975-1982) BEQB. Column VII (1921-1922,March) aggregate of individual balance sheet deposit data for all Irish banks, interpolated with the deposits of all English banks. (1922,April-1951) average of the aggregate of deposits of all Irish banks operating in both the UK and the Irish Free State multiplied by 0.4, and the History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3ivc.tab Table III. (4) UK Banks' total deposits and Current Accounts, 1921-1982 Monthly data, 1921-1982 ($1000s) I: II: III: IV: V: VI: VII: VIII: London clearing banks: total deposits London clearing banks: current accounts Non-clearing banks: total deposits Non-clearing banks: current accounts Scottish banks: total deposits Scottish banks: current accounts Irish banks: total deposits Irish banks: current accounts aggregate of the deposits of the three Northern Irish banks only (Belfast Bank, Northern Bank and the Ulster Bank), interpolated with the deposits of all English banks. (1951-1975) BESA. (1975-1982) BEQB. Column VIII (1921-1951) calculated from column VII using the ratio of current to total deposits in England and Wales, adjusted using the ratio for Northern Ireland in 1951 to allow for the relatively lower holdings of current accounts to total deposits in Ireland. (1951-1975) BESA. (1975:1982) BEQB. Column I (1922-1926) BM. (1923-1945) BESS. (1945-1951) MDS. (1951-1972) BESA. (1972-1975) BESA. (1975-1982) BEQB. Column II (1921-1931) MacMillan Report, Appendix I. (1931,April-June) interpolated with column I. (1931-1945) BESS. (1945-1951) MDS. (1951-1971) BESA. (1971-1975) interpolated with data for 'UK Private Sector Sterling Current Accounts' from the BESA. (1975-1982) BEQB. Column III (1921-1969) aggregate of individual balance sheets interpolated with London clearering banks' total deposits, column I. (1970-1975) BESA. (1975-1982) BEQB. Note that there is a break in the series in May 1975. Column IV (1921-1975) calculated from columns I-III using the same ratio of current accounts to total deposits as that for the London clearing banks. (19751982) BEQB. Note that there is a break in the series in May 1975. Column V (19211930) aggregate of individual banks' balance sheet data interpolated with the sum of six Scottish banks' current and deposit accounts, from the MacMillan Report, Appendix II. (1930-1951) aggregate History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3va.tab table3vb.tab Table III. (5) UK Residents total Sterling deposits with overseas Banks in the UK, 1951-1982 Table III. (5) UK Residents total Sterling deposits with overseas Banks in the UK, Annual average data, 1951-1982 ($1000s) of balance sheet data interpolated with the sum of columns I and II, all English banks' deposits. (1951-1975) BESA. (1975-1982) BEQB. Column VI (1921-1930) calculated from the adjusted ratio of current to total deposits obtained from the MacMillan Report data, applied to column V. (19301951) calculated from column V, and the ratio of current to total deposits of the English banks, adjusted to be compatible with the Scottish ratios for 1930 and 1951. (1951-1975) BESA. (1975-1982) BEQB. Column VII (1921-1922,March) aggregate of individual balance sheet deposit data for all Irish banks, interpolated with the deposits of all English banks. (1922,April-1951) average of the aggregate of deposits of all Irish banks operating in both the UK and the Irish Free State multiplied by 0.4, and the aggregate of the deposits of the three Northern Irish banks only (Belfast Bank, Northern Bank and the Ulster Bank), interpolated with the deposits of all English banks. (1951-1975) BESA. (1975-1982) BEQB. Column VIII (1921-1951) calculated from column VII using the ratio of current to total deposits in England and Wales, adjusted using the ratio for Northern Ireland in 1951 to allow for the relatively lower holdings of current accounts to total deposits in Ireland. (1951-1975) BESA. (1975:1982) BEQB. (1951-1962) calculated from BESA. (19621975) BESA. (1975-1982) BEQB. Quarterly average data, 19511982 ($1000s) (1951-1962) calculated from BESA. (19621975) BESA. (1975-1982) BEQB. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3vc.tab table3via.tab table3vib.tab table3viia.tab 1951-1982 Table III. (5) UK Residents total Sterling deposits with overseas Banks in the UK, 1951-1982 Table III. (6) UK Banking Groups' total Cash (Till Money and Note issue reserves) and balances at the Bank of England, 1870-1921 Monthly data, 1951-1982 ($1000s) Annual average data, 1871-1921 ($1000s) (1951-1962) calculated from BESA. (19621975) BESA. (1975-1982) BEQB. I: II: III: IV: V: VI: VII: Table III. (6) UK Banking Groups' total Cash (Till Money and Note issue reserves) and balances at the Bank of England, 1870-1921 Half yearly data, 1870-1921 ($1000s) Table III. (7) UK Banks' total Cash (Till Money and Note Issue Reserves) and Balances at the Bank of England, 19211982 Annual average data, 1921-1982 ($1000s) III and IV: Includes reserves for the note issue as well as till money and bankers' balances. I: II: III: London joint stock banks London private banks London provincial joint stock banks Provincial joint stock banks Provincial private banks Scottish Banks Irish banks IV: V: VI: VII: London joint stock banks London private banks London provincial joint stock banks Provincial joint stock banks Provincial private banks Scottish Banks Irish banks I: II: III: IV: London clearing banks Non-clearing banks Scottish banks Irish banks Columns I-VII (1870-1921) calculated as described in Part III, chapter 6, using selected balance sheets for individual banks and the MacMillan Report, Appendices I and II for the London clearing and the Scottish banks for 1919-1921. The provincial joint stock, provincial private, Scottish, and Irish banks' figures include notes and coin held as reserve for their note issues. Columns I-VII (1870-1921) calculated as described in Part III, chapter 6, using selected balance sheets for individual banks and the MacMillan Report, Appendices I and II for the London clearing and the Scottish banks for 1919-1921. The provincial joint stock, provincial private, Scottish, and Irish banks' figures include notes and coin held as reserve for their note issues. Column I (1921-1923) BM. (1923-1945) BESS. (1945-1951) MDS. (1951-1975) BESA. (1975-1982) BEQB. Column II (1921-1969) aggregate of balance sheet data for cash and balances at the Bank of England, with adjustments for certain banks, interpolated with column I. (1970-1975) BESA. (1975-1982) BEQB. Column III (1921-1951) aggregate of balance sheet data for cash, balances at the Bank of England, and balances with other banks, adjusted for balances with other banks. The figures for cash and balances at the Bank of England were interpolated with the MacMillan Report data for cash and balances at the Bank for 1921-1931, with History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3viib.tab Table III. (7) UK Banks' total Cash (Till Money and Note Issue Reserves) and Balances at the Bank of England, 19211982 Quarterly average data, 19211982 ($1000s) III and IV: Includes reserves for the note issue as well as till money and bankers' balances. I: II: III: IV: London clearing banks Non-clearing banks Scottish banks Irish banks the Scottish banks' note issue reserves for 1931-1935, and with data for Scottish banks' total holdings of cash for 1935-1951 available from the BESS and MDS. (19511975) BESA. (1975-1982) BEQB. Column IV (1921-1922,March) aggregate of all Irish banks' balance sheet data for cash and Balances interpolated with column I. (1922, April-1935) aggregate of balance sheet figures for the Belfast, Northern, and Ulster banks for cash, balances at the Bank of England and other banks, and cheques in collection, less an adjustment for inter-bank balances and cheques, interpolated with the sum of columns I and II. (1935-1951) BESS data for total notes and coin held by the Northern Irish banks plus an allowance for their balances at the Bank of England. (1951-1975) BESA. (1975-1982) BEQB. Column I (1921-1923) BM. (1923-1945) BESS. (1945-1951) MDS. (1951-1975) BESA. (1975-1982) BEQB. Column II (1921-1969) aggregate of balance sheet data for cash and balances at the Bank of England, with adjustments for certain banks, interpolated with column I. (1970-1975) BESA. (1975-1982) BEQB. Column III (1921-1951) aggregate of balance sheet data for cash, balances at the Bank of England, and balances with other banks, adjusted for balances with other banks. The figures for cash and balances at the Bank of England were interpolated with the MacMillan Report data for cash and balances at the Bank for 1921-1931, with the Scottish banks' note issue reserves for 1931-1935, and with data for Scottish banks' total holdings of cash for 1935-1951 available from the BESS and MDS. (1951- History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3viic.tab Table III. (7) UK Banks' total Cash (Till Money and Note Issue Reserves) and Balances at the Bank of England, 19211982 Monthly data, 1921-1982 ($1000s) III and IV: Includes reserves for the note issue as well as till money and bankers' balances. I: II: III: IV: London clearing banks Non-clearing banks Scottish banks Irish banks 1975) BESA. (1975-1982) BEQB. Column IV (1921-1922,March) aggregate of all Irish banks' balance sheet data for cash and Balances interpolated with column I. (1922, April-1935) aggregate of balance sheet figures for the Belfast, Northern, and Ulster banks for cash, balances at the Bank of England and other banks, and cheques in collection, less an adjustment for inter-bank balances and cheques, interpolated with the sum of columns I and II. (1935-1951) BESS data for total notes and coin held by the Northern Irish banks plus an allowance for their balances at the Bank of England. (1951-1975) BESA. (1975-1982) BEQB. Column I (1921-1923) BM. (1923-1945) BESS. (1945-1951) MDS. (1951-1975) BESA. (1975-1982) BEQB. Column II (1921-1969) aggregate of balance sheet data for cash and balances at the Bank of England, with adjustments for certain banks, interpolated with column I. (1970-1975) BESA. (1975-1982) BEQB. Column III (1921-1951) aggregate of balance sheet data for cash, balances at the Bank of England, and balances with other banks, adjusted for balances with other banks. The figures for cash and balances at the Bank of England were interpolated with the MacMillan Report data for cash and balances at the Bank for 1921-1931, with the Scottish banks' note issue reserves for 1931-1935, and with data for Scottish banks' total holdings of cash for 1935-1951 available from the BESS and MDS. (19511975) BESA. (1975-1982) BEQB. Column IV (1921-1922,March) aggregate of all Irish banks' balance sheet data for cash and Balances interpolated with column I. (1922, History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3viiia.tab Table III. (8) UK Banks' InterBank Deposits and items in transit etc., 1870-1921 Annual average data, 1870-1921 ($1000s) table3viiib.tab Table III. (8) UK Banks' InterBank Deposits and items in transit etc., 1870-1921 Half yearly data, 1870-1921 ($1000s) I: English and Welsh Banks. London Provincial Joint Stock Banks’ Inter Bank Deposits II: English and Welsh Banks. Provincial Joint Stock Banks’ Inter Bank Deposits III: English and Welsh Banks. Provincial Private Banks’ Inter Bank Deposits IV: English and Welsh Banks. English and Welsh Banks’ Cheques and Notes in Transit and Collection V: Scottish Banks. Inter Bank Deposits VI: Scottish Banks. Cheques and Notes in Transit and Collection VII: Irish Banks. Inter Bank Deposits VIII: Irish Banks. Cheques and Notes in Transit and Collection I: English and Welsh Banks. London Provincial Joint Stock Banks’ Inter Bank Deposits II: English and Welsh Banks. Provincial Joint Stock Banks’ Inter Bank Deposits III: English and Welsh Banks. Provincial Private Banks’ Inter Bank Deposits April-1935) aggregate of balance sheet figures for the Belfast, Northern, and Ulster banks for cash, balances at the Bank of England and other banks, and cheques in collection, less an adjustment for inter-bank balances and cheques, interpolated with the sum of columns I and II. (1935-1951) BESS data for total notes and coin held by the Northern Irish banks plus an allowance for their balances at the Bank of England. (1951-1975) BESA. (1975-1982) BEQB. Columns I-VII (1870-1921) calculated as described in Part III, chapter 7, using data for balances of certain banks with Glyn Mills during 1883 and 1907, published in Goodhart (1971, pp.551-6). Columns I-VII (1870-1921) calculated as described in Part III, chapter 7, using data for balances of certain banks with Glyn Mills during 1883 and 1907, published in Goodhart (1971, pp.551-6). History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3ixa.tab Table III. (9) UK Banks' InterBank Deposits and items in Transit etc., 1921-1969 Annual average data, 1922–1969 ($1000s) table3ixb.tab Table III. (9) UK Banks' InterBank Deposits and items in Transit etc., 1921-1969 Quarterly average data, 1921– 1969 ($1000s) IV: English and Welsh Banks. English and Welsh Banks’ Cheques and Notes in Transit and Collection V: Scottish Banks. Inter Bank Deposits VI: Scottish Banks. Cheques and Notes in Transit and Collection VII: Irish Banks. Inter Bank Deposits VIII: Irish Banks. Cheques and Notes in Transit and Collection I: London Clearing Banks. Inter Bank Deposits II: London Clearing Banks. Items in Transit III: Non-Clearing Banks. Inter Bank Deposits IV: Non-Clearing Banks. Items in Transit V: Scottish Banks. Inter Bank Deposits VI: Scottish Banks. Items in Transit VII: Irish Banks. Inter Bank Deposits VIII: Irish Banks. Items in Transit I: London Clearing Banks. Inter Bank Deposits II: London Clearing Banks. Items in Transit III: Non-Clearing Banks. Inter Bank Deposits IV: Non-Clearing Banks. Items in Transit V: Scottish Banks. Inter Bank Deposits VI: Scottish Banks. Items in Transit VII: Irish Banks. Inter Bank Deposits VIII: Irish Banks. Items in Transit Columns I-VIII (1921-1969) calculated as described in Part III chapter , using, for each banking group, weighted averages of ratios from individual banks' balance sheets of inter- bank deposits and items in transit/total deposits; inter-bank deposits/total deposits; and items in transit/total deposits, and the total deposit series for each banking group from Table III.(4). The bank balance sheet data was supplemented with figures for the London clearing banks from their monthly statements for 1921-1969, and for the Scottish and Irish banks from the BESA for 1951-1969. Columns I-VIII (1921-1969) calculated as described in Part III chapter , using, for each banking group, weighted averages of ratios from individual banks' balance sheets of inter-bank deposits and items in transit/total deposits; inter-bank deposits/total deposits; and items in transit/total deposits, and the total deposit series for each banking group from Table III.(4). The bank balance sheet data was supplemented with figures for the London clearing banks from their monthly statements for 1921-1969, and for the Scottish and Irish banks from the BESA for History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3ixc.tab Table III. (9) UK Banks' InterBank Deposits and items in Transit etc., 1921-1969 Monthly data, 1921–1969 ($1000s) I: London Clearing Banks. Inter Bank Deposits II: London Clearing Banks. Items in Transit III: Non-Clearing Banks. Inter Bank Deposits IV: Non-Clearing Banks. Items in Transit V: Scottish Banks. Inter Bank Deposits VI: Scottish Banks. Items in Transit VII: Irish Banks. Inter Bank Deposits VIII: Irish Banks. Items in Transit table3xa.tab Table III. (10) UK Interest Rates, 1870-1982 Annual average data, 1870-1982 (%). Table III. (10) UK Interest Rates, 1870-1982 VI: The rates for money at call do not form a continuous series from December 1944 to January 1945. The old series for 18701944 is available in The Economist until December 1946, although all the reported figures for 1945 and 1946 are 0.500 per cent. VIII: See also Table 13.1 Quarterly average data, 18701982 (%) I: Bank Rate and Minimum Lending Rate II: Treasury Bills. Average Allotment Rate III: Treasury Bills. Discount Rate. IV: Treasury Bills. Yield V: Prime Bank Bill Rate VI: Money at Call VII: Interest on Deposit Accounts VIII: Yield on Consols table3xb.tab VI: The rates for money at call do not form a continuous series from December 1944 to January 1945. The old series for 18701944 is available in The Economist until December 1946, although all the reported figures I: Bank Rate and Minimum Lending Rate II: Treasury Bills. Average Allotment Rate III: Treasury Bills. Discount Rate. IV: Treasury Bills. Yield V: Prime Bank Bill Rate VI: Money at Call VII: Interest on Deposit Accounts VIII: Yield on Consols 1951-1969. Columns I-VIII (1921-1969) calculated as described in Part III chapter , using, for each banking group, weighted averages of ratios from individual banks' balance sheets of inter-bank deposits and items in transit/total deposits; inter-bank deposits/total deposits; and items in transit/total deposits, and the total deposit series for each banking group from Table III.(4). The bank balance sheet data was supplemented with figures for the London clearing banks from their monthly statements for 1921-1969, and for the Scottish and Irish banks from the BESA for 1951-1969. Column I (1870-1981) available from the BM, BA, The Economist, BESS, BESA, BEQB, FS, SA, AAS, etc. and Mitchell and Deane(1962). Column II (1923-1944) calculated from The Economist. (1945-1974) BESA. (1974-1982) FS. Column III (19151944) The Economist. (1945-1974) BESA. Column IV (1960-1982) FS. Columns VVII (1870-1944) The Economist. (19451974) BESA. (1974-1982) FS. Column VIII (1870-1946) calculated from Consol prices from The Economist. (1947-1959) AAS. (1960-1982) FS. Column I (1870-1981) available from the BM, BA, The Economist, BESS, BESA, BEQB, FS, SA, AAS, etc. and Mitchell and Deane(1962). Column II (1923-1944) calculated from The Economist. (1945-1974) BESA. (1974-1982) FS. Column III (19151944) The Economist. (1945-1974) BESA. Column IV (1960-1982) FS. Columns VVII (1870-1944) The Economist. (19451974) BESA. (1974-1982) FS. Column VIII History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 table3xc.tab Table III. (10) UK Interest Rates, 1870-1982 for 1945 and 1946 are 0.500 per cent. VIII: See also Table 13.1 End-Month data, 1870-1982 (%) VI: The rates for money at call do not form a continuous series from December 1944 to January 1945. The old series for 18701944 is available in The Economist until December 1946, although all the reported figures for 1945 and 1946 are 0.500 per cent. VIII: See also Table 13.1 table3xia.tab table3xib.tab table3xic.tab table3xii.tab append4.tab I: Bank Rate and Minimum Lending Rate II: Treasury Bills. Average Allotment Rate III: Treasury Bills. Discount Rate. IV: Treasury Bills. Yield V: Prime Bank Bill Rate VI: Money at Call VII: Interest on Deposit Accounts VIII: Yield on Consols Table III. (11) Retail Price and Working Class Cost of Living Index, 1914-1982 Table III. (11) Retail Price and Working Class Cost of Living Index, 1914-1982 Table III. (11) Retail Price and Working Class Cost of Living Index, 1914-1982 Table III. (12) Gross National Product, Net National Product, Gross National Product Deflator, and Retail Prices, 1870-1980 Annual average data, 1914-1982 (Jan 1974=100) Annual data, 1870-1980 I: Gross National Product ($m.) II: Gross National Product at Factor Cost ($m.) III: Gross National Product Deflator (1913=100) IV: Retail Price Index (1913=100) Appendix IV: UK Banking Sector, Number of Banks and Number of Branches, 18701920 Half yearly data, 1870-1920 I: London Joint Stock Banks II: London Joint Stock Banks Branches III: London Private Banks IV: London Private Banks Branches Quarterly average data, 19141982 (Jan 1974=100) Monthly data, 1914-1982 (Jan 1974=100) It should be noted that banks may join and leave a banking group as a result of the founding (1870-1946) calculated from Consol prices from The Economist. (1947-1959) AAS. (1960-1982) FS. Column I (1870-1981) available from the BM, BA, The Economist, BESS, BESA, BEQB, FS, SA, AAS, etc. and Mitchell and Deane(1962). Column II (1923-1944) calculated from The Economist. (1945-1974) BESA. (1974-1982) FS. Column III (19151944) The Economist. (1945-1974) BESA. Column IV (1960-1982) FS. Columns VVII (1870-1944) The Economist. (19451974) BESA. (1974-1982) FS. Column VIII (1870-1946) calculated from Consol prices from The Economist. (1947-1959) AAS. (1960-1982) FS. (1914-1947) Annual Reports of the Ministry of Labour, and the BESS. (1947-1982) MDS. (1914-1947) Annual Reports of the Ministry of Labour, and the BESS. (1947-1982) MDS. (1914-1947) Annual Reports of the Ministry of Labour, and the BESS. (1947-1982) MDS. Column I (1870-1955) Feinstein (1971, Table 1, pp. T4-7) ; (1955-1980) AAS using the most recent data available for each year. Column II (1870-1965) Feinstein (1971, Table 3, pp. T10-11). Column III (18701965) calculated from columns II and Feinstein (1971, Table 7, column 7 , pp. T21-22). Column IV (1870-1965) Feinstein (1971, Table 65, pp.T140-141). Bankers' Magazine, 1870-1921. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 append5.tab Appendix V: Certain Assets and Liabilities of the National Bank, April 1921 to March 1922. overseas1.tab Overseas Banks: British overseas and Commonwealth - UK Residents sterling deposits, 1951-1975 Overseas Banks: American Banks - UK residents sterling deposits, 1951-1975 Overseas Banks: Foreign Banks and affiliates - UK residents sterling deposits, 1951-1975 Overseas Banks: Other overseas2.tab overseas3.tab overseas4.tab of new banks, a change from a private to a joint stock company, amalgamation or failure. This will explain why, at times, although the number of banks in a group may be constant, there may be an upward or downward movement in the number of branches further than might be expected by the opening of new or the closing of old branches. In this case there will have been a change in the banks forming the group. V: London Ephemeral Banks VI: London Ephemeral Banks Branches VII: London Provincial Joint Stock Banks VIII: London Provincial Joint Stock Banks Branches IX: Provincial Joint Stock Banks X: Provincial Joint Stock Banks Branches XI: Provincial Private Banks XII: Provincial Private Banks Branches XIII: Scottish Banks XIV: Scottish Banks Branches XV: Irish Banks XVI: Irish Banks Branches XVII: United Kingdom Banks XVIII: United Kingdom Banks Branches ($1000s) I: Total deposits. II: Current accounts III: Cash balances. Bank of England IV: Inter bank deposits transit items V: Inter bank deposits VI: Transit items Variables are unidentified Variables are unidentified Variables are unidentified Variables are unidentified Calculated from the 'Monthly Statement of the London Clearing Banks', available in the BA and The Economist. History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 overseas5.tab japan.tab notescoins1.tab notescoins2.tab notescoins3.tab londonclear.tab bankrate.tab consol1.tab consol2.tab londonjoint.tab londprovjoint1.tab overseas Banks - UK residents sterling deposits, 1951-1975 Overseas Banks in London Aggr. Coin, notes and Balances at Bank of England 1951-1970 Japanese Banks UK Private sector deposits and C/D's 1975-1982 Notes and Coins held by London Clearing banks 19211980 Notes and Coins held by the Scottish Banks 1935-1980 Notes and Coins held by Northern Irish Banks 19351977 London Clearing Banks Balances at Bank of England 1919-1980 Bank Rate - Monthly Averages - 1870-1972 Consol prices - End of Month 1870-1946 Consol Yields - Monthly Average - 1870-1979 London Joint Stock Banks. Half-Yearly Bank Deposit data, 1870-1921 London and Provincial Joint Stock Banks, Deposit data 1870-1921 (part 1) Variables are unidentified Variables are unidentified Variables are unidentified Variables are unidentified Variables are unidentified Variables are unidentified Variables are unidentified Variables are unidentified Variables are unidentified Half-Yearly Bank Deposit Data, 1870-1921 Deposit Data 1870-1921 I: Bank no II: London branches III: Total branches IV: Year V: Half year VI: Deposits VII: Published or non-published VIII: Known or estimated I: Bank number II: Number of London branches III: Total number of branches IV: Year V: Half year History Data Service Study Number 1936: Monetary History of the United Kingdom, 1870-1970 londprovjoint2.tab London and Provincial Joint Stock Banks, Deposit data 1870-1921 (part 2) VI: Deposits VII: Published or non-published VIII: Known or estimated I: Unidentified variable II: Bank number III: Number of London branches IV: Total number of branches V: Year VI: Half year VII: Deposits VIII: Published or non-published IX: Known or estimated