Sterling Deposits (Hansard, 27 July 1983)

HC Deb 27 July 1983 vol 46 cc445-6W 445W

§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer what has been the growth in the overseas sector sterling deposits in each of the past five years in cash terms, as a percentage, and as a proportion of the increase in sterling M3.

§ Mr. Ridley
The figures requested are as follows:446W

Growth in sterling deposits held by the overseas sector

£mn per cent, increase as per cent, of the increase in £m3^*

1978 -139 -2.5 -2.1

1979 2,999 54.8 45.3

1980 3,002 35.4 27.5

1981 2,558 22.3 27.2

1982 4,496 31.2 55.9

Note: The 1982 increase in based on the new monetary sector while the earlier increases are based on the old banking sector.
^* Overseas sector sterling deposits are excluded from £M3.

Growth in sterling deposits held by the overseas sector
	£mn	per cent, increase	as per cent, of the increase in £m3^*
1978	-139	-2.5	-2.1
1979	2,999	54.8	45.3
1980	3,002	35.4	27.5
1981	2,558	22.3	27.2
1982	4,496	31.2	55.9