Nationalisation of the Bank - evidence

Luke Peters made this Freedom of Information request to Bank of England

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The request was partially successful.

Dear Bank of England,

I have been told that the Bank of England was entirely nationalised in 1946. Since the bank of England sits on the sovereign territory of the Corporation of London, I am wondering who it was nationalised by - the Westminster government or the independent Corporation of London? Is there an act, statute or certificate of purchase evidencing the nationalisation which indicates one way or t'other? Many thanks for your help.

Yours faithfully,

Luke Peters

Enquiries, Bank of England

We acknowledge receipt of your e-mail dated 7 April (our ref FF 25360).

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]

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Enquiries, Bank of England

1 Attachment

Dear Mr Peters

Please find attached a response to your email dated 7 April below.

Yours sincerely

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

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Jake left an annotation ()

The bank of england may be nationlized but the profit centers (money creation) are with the commercial banks.