The Bank of England (formally the Governor and Company of the Bank of England) is a state-owned institution and the central bank of the United Kingdom. The Bank's Monetary Policy Committee is responsible for managing the monetary policy of the country. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for the UK Government. The Bank has a monopoly on the issue of banknotes in England and Wales.

The Bank sets interest rates to keep inflation low, issues banknotes and works to maintain a stable financial system in the UK.
www.bankofengland.co.uk

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• The Bank Return - Figures for cob 28 July 2010

  Each week the Bank of England publishes a summary balance sheet showing its main assets and liabilities - the Bank Return.