Statistical Notice 2021/03 | Bank of England

Cash Ratio Deposits (effective immediately)

Cash Ratio Deposits (CRDs) are non-interest bearing deposits lodged with the Bank of England by eligible institutions (i.e. banks and building societies), who have reported average eligible liabilities (ELs) in excess of £600 million over a six-month calculation period. The level of each institution’s CRD is calculated twice yearly (in May and November).

The applicable ratio for the next adjustment to CRDs, due on Tuesday 1 June 2021, will be published on the Bank’s website on 21 May 2021, the Bank will issue call notices to CRD-payers (which will include this revised CRD ratio) shortly thereafter. This CRD ratio will be applied to average ELs in excess of £600 million over the previous six end-calendar months. Further information on how the applicable ratio is calculated. 

You will be contacted shortly asking for your updated contact details. Please ensure your details are correct and returned to the Data Reception team by the deadline set on the request form.

The deadline for revisions to ELs to be reflected in the June adjustment is 5pm on Wednesday 19 May 2021.