Bank of England, Leeds

HC Deb 10 July 1995 vol 263 c379W

Mr. Fatchett

To ask the Chancellor of the Exchequer if he will make a statement about the long-term viability of the Bank of England branch in Leeds. [32545]

Mrs. Angela Knight

[holding answer 6 July 1995]: This is a matter for the Bank of England. The Bank has recently completed a review of its branches and agencies. The Bank concluded that the economic liaison and representation work of its nine regional agents, including Leeds, had become increasingly important and should continue. It has, however, decided to cease branch banking operations and will discuss the branches' work on note distribution with the major clearing banks.