UK resident sterling deposits increase by GBP10.9bn.(Brief Article)

Financial Adviser, November, 2003

Sterling deposits from UK residents increased by GBP10.9bn in the third quarter of 2003, according to figures from the Bank of England. Deposits from individuals also rose by GBP7.3bn, while deposits from other financial corporations fell by GBP1.1bn. This was caused by a GBP5.5bn drop in deposits by securities dealers and a GBP1.4bn drop from fund management activities, partially offset by a GBP2.3bn increase from insurance companies and pension funds and a GBP1.6bn increase from other financial intermediaries.