Credit advanced for trading in existing assets

Mr D Smith made this Freedom of Information request to Bank of England

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

The request was partially successful.

Dear Bank of England,
Do you keep a record of the amount of credit advanced by UK banks in exchange for loans secured on existing assets which the borrower is purchasing. Please include derivative securities based on such assets.
Do you also also keep a record of the amount of credit extinguished as such loans are repaid?
If you do keep such records, how can I access them please?

Yours faithfully,

Mr D Smith

Enquiries, Bank of England

Dear Mr Smith

We acknowledge receipt of your e-mail dated 22 July (our ref FF 26997).

We will reply in due course.

If you have any queries please contact the Bank's Public Information and Enquiries Group on 020 7601 4878.

Public Information & Enquiries Group
Bank of England |Threadneedle Street|London|EC2R 8AH|+44 20 7601 4878
[Bank of England request email]

show quoted sections

Enquiries, Bank of England

1 Attachment

Dear Mr Smith

Please find attached response to your email dated 22 July.

Yours sincerely

Public Information and Enquiries Group
Bank of England | Threadneedle Street | London | EC2R 8AH | +44 20 7601 4878
[Bank of England request email]

show quoted sections

Dear Enquiries, ref FF 26997
Thank you for the information. I believe you have told me all you can, but it does seem to reveal some inadequacy in your statistics.

Yours sincerely,

Mr D Smith