Overview

special deposits


Show Summary Details

Quick Reference

Deposits that the UK government may instruct the clearing banks to make at the Bank of England, as a means of restricting credit in the economy. The less money the clearing banks have at their disposal, the less they are able to lend to businesses. A similar system has been used by the Federal Reserve System in the USA.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.