§ Dr. Roger Thomasasked the Chancellor of the Exchequer if he will publish in the Official Report the sterling deposits in United Kingdom banks owned by overseas banks on a weekly basis since the abolition of the exchange control.
§ Mr. LawsonMonthly information on various categories of sterling deposits—for example separating those of overseas residents from those of United Kingdom residents—for three types of overseas banks—American, Japanese and " other "—are published inFinancial Statistics—respectively tables 6.11, 6.12 and 6.13 in the latest issue—April 1980. Figures for total sterling deposits, including certificates of deposit, covering all three types of overseas banks are provided below for end-banking month dates since the abolition of remaining exchange controls from 24 October 1979.
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STERLING DEPOSITS WITH UNITED KINGDOM BRANCHES AND SUBSIDIARIES* OF OVERSEAS BANKS (£bn) 1979 November 21 13.9 December 12 14.2 1980 January 16 13.7 February 20 14.3 March 19 14.5 Source: Financial Statistics, Tables 6.11, 6.12 and 6.13. * Consortium banks, that is banks which are owned by other banks but in which no one bank has a direct shareholding of more than 50 per cent., and in which at least one shareholder is an overseas bank—could arguably be
included. Their sterling deposits are relatively small, amounting to £0.8 bn on 19 March 1980—see Table 6.14 of Financial Statistics. Weekly information is not available.