The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing the composition of sterling M3 in notes and coin, current accounts, retail seven-day deposits and wholesale deposits plus the ratio of building society deposits and trustee savings bank/national savings bank deposits, for 1978–79.
Mr. Lawson
It is not clear which ratio the hon. Member requires. Changes in the various aggregates during the financial year 1978–79 were as follow:
| £ million | Table reference in Financial Statistics | |
| Sterling M3 | 5,286 | 7·2 |
| Building society deposits | 4,699 | 8·6 |
| Trustee savings banks— | ||
| Ordinary deposits | –70 | 3·14 |
| New deposits | 531 | 8·2 |
| National savings bank— | ||
| Ordinary account | 129 | 3·14 |
| Investment account | –244 | 8·3 |
Financial Statistics. Data on retail and wholesale bank deposits are not collected because of difficulties in arriving at a generally acceptable definition.