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Government Securities

Volume 506: debated on Monday 22 February 2010

To ask the Chancellor of the Exchequer what amount of gilts has been bought by (a) the Bank of England and (b) other banks operating in the UK who are regulated by the Financial Services Authority in the last 12 months. (316916)

The Bank of England has purchased £198,275 million of gilts via the Asset Purchase Facility, and £815 million for its own balance sheet purposes in the last 12 months. Please note that the amounts are shown in proceeds (i.e. amount paid) terms and that In the Asset Purchase Facility the Bank purchases only conventional gilts with a residual maturity of greater than three years (prior to August, conventional gilts with a residual maturity of greater than five and less than 25 years).

Net investment in British Government securities by deposit-taking banks is available in the Bank of England's Monetary and Financial Statistics publication page T51, table B1.2, column TBMH, available at:

http://www.bankofengland.co.uk/statistics/ms/2010/jan/bankstats_full.pdf