What does this UK money supply and balance sheet table measure?

The table measures broad money through the M4 money stock and M4 lending, narrow money via sterling notes and coin, commercial bank reserve balances at the Bank of England, and the central bank's total assets.

How far back does the UK money supply and central bank data go?

The Bank of England balance sheet series covers monthly figures since 1844 from BIS records, alongside modern monthly M4 money supply and lending aggregates published by the Bank of England.

Which sector breakdowns are available for UK M4 lending?

Data for UK M4 money stock and M4 lending is broken down for the private sector total, households, and private non-financial corporations.

What units are used for the Bank of England balance sheet and money supply?

Monetary aggregates and reserve balances are reported in £m or £bn, while historical Bank of England total assets are provided in sterling and USD billion, both unadjusted and adjusted for breaks.

UK money supply and BoE balance sheet

Name: UK money supply and BoE balance sheet
Creator: Bank of England; Bank for International Settlements (BIS)

Broad money in the UK — the M4 money stock and M4 lending, by sector — with the narrow end of the monetary base: notes and coin in circulation and the reserve balances banks hold at the Bank of England (Bank of England); and the Bank of England's total assets every month since 1844, the long view of quantitative easing and its unwinding (BIS).

Latest reading

M4 money stock stood at £3,298,964m in Jul 2026. That is −0.3% from Jun 2026 and +4.4% from a year earlier. The series on this page is monthly and runs from Jun 1982 to Jul 2026. Source: Bank of England; Bank for International Settlements (BIS).

Latest: £3,298,964m; Jul 2026
vs previous period: −0.3%; Jun 2026
vs a year earlier: +4.4%

About this data

Frequently asked questions

What does this UK money supply and balance sheet table measure?: The table measures broad money through the M4 money stock and M4 lending, narrow money via sterling notes and coin, commercial bank reserve balances at the Bank of England, and the central bank's total assets.
How far back does the UK money supply and central bank data go?: The Bank of England balance sheet series covers monthly figures since 1844 from BIS records, alongside modern monthly M4 money supply and lending aggregates published by the Bank of England.
Which sector breakdowns are available for UK M4 lending?: Data for UK M4 money stock and M4 lending is broken down for the private sector total, households, and private non-financial corporations.
What units are used for the Bank of England balance sheet and money supply?: Monetary aggregates and reserve balances are reported in £m or £bn, while historical Bank of England total assets are provided in sterling and USD billion, both unadjusted and adjusted for breaks.

Indicator	08-2026	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023
M4 money stock		3,298,964	3,308,262	3,280,100	3,274,197	3,272,289	3,244,416	3,223,604	3,226,568	3,211,932	3,186,236	3,192,877	3,174,832	3,159,316	3,153,266	3,145,894	3,138,262	3,137,323	3,133,255	3,131,189	3,084,907	3,083,948	3,081,527	3,085,592	3,069,188	3,069,163	3,055,218	3,039,361	3,042,254	3,034,629	3,012,452	3,001,082	3,002,280	2,989,764	2,989,946	2,981,884	3,022,980
M4 — sterling notes and coin component		98,710	99,653	97,663	97,485	97,098	95,755	95,260	95,560	94,180	93,709	94,027	92,352	92,469	92,255	91,188	91,324	91,147	89,613	89,314	89,817	88,139	88,592	88,104	87,448	88,254	86,815	87,120	87,916	86,230	87,407	87,307	86,189	86,635	86,699	85,387	85,937
M4 lending	106,228	106,050	105,509	105,170	104,608	103,574	102,945	103,348	104,273	102,747	102,062	101,448	101,196	100,597	99,929	99,688	99,049	98,101	97,617	97,800	98,756	97,170	96,592	96,323	96,438	96,176	95,791	95,440	95,129	94,751	94,225	94,751	95,741	94,393	94,024	94,012	94,146
Notes and coin in circulation	106,141	105,823	105,458	105,055	104,692	104,296	103,820	104,000	102,513	102,713	102,204	101,613	101,034	100,368	99,861	99,561	99,155	98,788	98,485	97,776	97,400	97,109	96,737	96,484	96,154	95,921	95,644	95,360	95,708	95,042	95,148	94,910	94,470	94,235	94,126	93,907	93,964
Reserve balances at the Bank of England		46,807	56,258	38,095	36,697	37,245	35,396	36,409	36,087	40,723	36,142	33,094	32,762	28,784	28,696	28,788	29,790	27,994	30,867	29,122	26,853	31,101	31,013	28,434	26,496	27,974	28,782	26,432	28,044	29,280	24,784	34,634	36,533	31,182	24,590	25,356	24,037
M4 money stock by sector (excluding intermediate OFCs)3
Private sector total		3,054,160	3,062,963	3,047,950	3,033,199	3,028,048	3,004,681	2,991,019	3,002,214	2,985,895	2,968,427	2,958,952	2,944,207	2,931,924	2,923,020	2,911,269	2,905,510	2,898,599	2,888,670	2,886,661	2,856,719	2,849,683	2,848,014	2,829,816	2,821,064	2,818,303	2,803,722	2,800,167	2,794,673	2,784,317	2,771,119	2,761,625	2,761,560	2,746,166	2,749,945	2,739,305	2,767,231
Households		2,055,835	2,052,453	2,046,883	2,041,312	2,035,102	2,029,966	2,024,012	2,019,434	2,014,395	2,005,240	1,998,558	1,990,523	1,985,285	1,977,079	1,969,564	1,965,229	1,957,547	1,950,058	1,945,514	1,934,970	1,928,824	1,927,058	1,908,763	1,900,225	1,891,620	1,884,754	1,876,032	1,869,843	1,860,645	1,850,514	1,843,475	1,832,128	1,825,675	1,821,952	1,818,635	1,819,383
Private non-financial corporations		576,123	576,113	572,894	574,204	576,120	570,492	569,134	573,809	569,056	567,983	565,228	561,791	561,410	560,403	559,744	561,974	567,463	563,420	567,536	559,878	556,594	556,356	554,533	558,240	560,018	559,220	561,476	558,397	552,051	554,330	552,126	556,545	558,311	557,958	559,933	560,225
M4 lending by sector (excluding intermediate OFCs)3
Private sector total		2,553,181	2,554,448	2,515,855	2,510,892	2,505,839	2,490,356	2,487,796	2,478,634	2,464,935	2,444,393	2,432,133	2,411,931	2,401,642	2,395,377	2,378,318	2,368,666	2,367,601	2,350,720	2,344,266	2,335,132	2,329,534	2,328,977	2,321,202	2,306,284	2,305,953	2,298,828	2,291,208	2,289,967	2,288,771	2,273,858	2,286,056	2,287,476	2,282,887	2,271,235	2,272,645	2,269,895
Households		1,716,321	1,711,472	1,704,046	1,700,816	1,698,233	1,691,979	1,686,916	1,681,570	1,675,843	1,672,300	1,667,113	1,662,753	1,657,985	1,652,919	1,647,431	1,643,969	1,644,804	1,632,954	1,628,243	1,622,800	1,621,967	1,619,945	1,617,570	1,613,640	1,610,499	1,607,217	1,604,552	1,603,684	1,601,865	1,602,527	1,600,420	1,598,670	1,602,098	1,602,032	1,600,987	1,601,260
Private non-financial corporations		518,220	516,867	513,360	509,172	508,248	506,148	499,234	498,094	492,909	482,759	483,532	479,082	475,505	472,934	471,167	468,485	465,099	463,730	462,856	461,646	458,264	454,700	453,815	452,697	453,684	453,910	449,982	447,808	450,974	445,768	444,375	443,924	443,492	443,089	442,631	443,158
Bank of England balance sheet, monthly since 1844 (BIS)3
Total assets		805.29	799.19	779.44	769.05	797.77	795.96	792.04	791.04	790.8	763.4	810.18	797.98	797.85	829.06	818.5	811.91	849.79	843.97	841.23	839.08	857.01	856.66	896.19	898.75	890.32	918.66	917.84	923.57	922.66	927.37	928.05	941.76	947.31	946.24	994.21	999.72
Total assets, not adjusted for breaks		805.29	799.19	779.44	769.05	797.77	795.96	792.04	791.04	790.8	763.4	810.18	797.98	797.85	829.06	818.5	811.91	849.79	843.97	841.23	839.08	857.01	856.66	896.19	898.75	890.32	918.66	917.84	923.57	922.66	927.37	928.05	941.76	947.31	946.24	994.21	999.72
Total assets in US dollars		1,080.8	1,056.64	1,046.53	1,038.89	1,056.37	1,072.27	1,089.85	1,065.17	1,045.06	1,000.49	1,089.11	1,073.24	1,055.87	1,135.78	1,103.3	1,084.04	1,100.17	1,063.65	1,045.7	1,051.3	1,087.88	1,113.06	1,201.03	1,184.55	1,142.49	1,161.92	1,166.81	1,158.06	1,166.51	1,172.11	1,177.18	1,197.45	1,198.94	1,150.11	1,218.24	1,267.52