§ 33. Mr. Ian Lloydasked the Chancellor of the Exchequer what information he has on the total size of the balances deposited in the United Kingdom by oil-producing States in the OPEC organisation, categorised by loan period; and what percentage of these deposits is currently on a cash or seven-day notice of withdrawal basis.
§ Mr. DellExchange reserves of oil-exporting countries held in sterling totalled some £1,800 million at end-June, the latest date for which figures are available. Of this amount some £600 million was held in Treasury bills and some £900 189W million in other banking and money market liabilities; the remainder was in the form of Government stocks. It is not possible to give a fuller breakdown of the balances involved.
§ Mr. Ian Lloydasked the Chancellor of the Exchequer what information he has on the extent of the balances deposited in the United Kingdom since 1st January 1974 by oil-producing States in the OPEC organisation, categorised by loan period, including specifically those on a cash or seven-day notice of withdrawal basis.
§ Mr. DellSterling reserves of oil-exporting countries—members of OPEC together with several smaller oil exporters—rose by some £900 million between the end of 1973 and end-June 1974, the latest date for which firm published figures are available. About £500 million of the increase was accounted for by a rise in holdings of Treasury bills and some £200 million by increases in other banking and money market liabilities. The remainder was in the form of Government stocks. The available information in this area is published in table 24 of the Bank of England Quarterly Bulletin.