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Presentation On Functions of Bank of England

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19 views9 pages

Presentation On Functions of Bank of England

Uploaded by

rahulyadav868582
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PRESENTATION ON

FUNCTIONS OF BANK OF
ENGLAND

SUBMITTED BY SINNU YADAV


BANK OF ENGLAND
UNITED KINGDOM’S CENTERL BANK IS BANK OF
ENGLAND.IT IS THE WORLD’S EIGHTH OLDEST
BANK.IT ACTS AS GOVERNMENTS BANK. IT ISSUES
CURRENCY AND OVERSEES MONETARY POLICY.

THE BANK’S HEADQUTERS IS IN THE CITY OF


LONDON, ON THREADNEEDLE STREET ,SINCE 1734.

THE BANK OF ENGLAND BECAME THE OFFICIAL


CENTERAL BANK OF UK IN THE YEAR 1946
FUNCTIONS OF BANK
OF ENGLAND
BANK HAVE MAJOR RESPONSIBILITY FOR ADVISING THE
GOVERNMENT ON THE FORMLUATION OF MONETARY
POLICY AND FOR THE SUBSEQUENT EXECUTION OF
POLICY.THE BANK ARE ALSO
.BAKERS TO THE COMMERICAL BANKS
.NOTE ISSUING AUTHORITY
.REGISTRAROF GOVERNMENT STOCKS
.AGENT OF THE GOVERNMENT FOR A NUMBER OF
FINANCIAL OPERATIONS
FUNCTIONS OF BOE ARE AS
FOLLOWS

#THE BANK’S ROLE AS BANKERS


#AGENT FOR THE GOVERNMENT
#THE BANK’S OPERATIONS IN THE MARKETS
# FINANCIAL ADVICE
THE BANK’S ROLE AS BANKER’S
.BANKER’S TO THE GOVERNMENT’S: THE GOVERNMENT’S ACCOUNTS ARE
HELD WITH THE BANK.BANK ACQUIRE LARGE AMOUNTS OF GOVERNMENT’S
SECURITIES .

.THE BANKER’S BANK :THE BOE ARE THE BANKER’S TO THE COMMERCIAL
BANK’S AND ALSO ACT AS LENDER OF LAST RESORT TO THE DISCOUNT
HOUSES,AND TO THE WHOLE BANKING SYSTEM

.BANKER’S TO OTHER CENTERL BANK’S :THE BANK HAVE APPROX 90


CENTERAL BANK’S FOR OVERSEAS CENTRAL BANKS AND FOR SUCH BODIES
AS THE IMF ,IBRD,IDA AND BIS.

.PRIVATE CUSTOMERS :THE BANK STILL KEEP A FEW ACCOUNTS FOR


INDIVIDUALS AND FOR PRIVATE AND PUBLIC COMPANIES.

.THE NOTE ISSUE : THE BOE ISSUE NOTE IS ENTIRELY WITHOUT BACKING IN
GOLD BUT BY THE GOVERNMENT AND OTHER SECURITIES .

.REGISTRAR OF GOVERNMENT STOCKS : THE BANK ACT AS REGISTRAR OF


GOVERNMENT STOCKS AND THEY ALSO MANAGE STOCKS OF SOME LOCAL
AUTHORITIES, PUBLIC BOARDS AND COMMONWEALTH GOVERNMENTS.
AGENT FOR THE
GOVERNMENT

.EXCHANGE CONTROL:THE MAIN OBJECT OF


EXCHANGE CONTROL IS TO PROTECT AND
CONSERVE THE GOLD AND FOREIGN
EXCHANGE RESERVES. THE EXCHANGE
CONTROL ACT 1947 ACT AS LEGAL BASIS
FOR EXCHANGE CONTROL AND STATUTORY
INSTRUMENTS ISSUED UNDER THIS ACT .
THE BANK’S OPERATIONS
IN THE MARKETS
THE BANK SEEK TO IMPLEMENT THE GOVERNMENT’S
MONETARY POLICY.
THE BANK MAY INFLUENCE INTEREST RATES MORE DIRECTLY
THROUGH A CHANGE IN BANK RATE.
IN MONEY MARKET , T-BILLS ARE OFERED.
ADVANCES ARE MADE FOR A MINIMUM PERIOD OF SEVEN
DAYS.
THE BANK’S OPERATIONS IN THE GILT-EDGED MARKET
INFLUENCE THE MONEY SUPPLY AND THE COMMERCIAL BANKS
LIQUIDITY.
THE BANK DEAL IN THE LONDON GOLD MARKET.
FINANCIAL ADVICE

DAILY OPERATIONS IN THE MONEY, GILTEDGED AND


FOREIGN EXCHANGE MARKETS PROVIDE THE BANK WITH
THE TECHNICAL KNOWLEDGE AND PRACTICAL
EXPERIENCE IN THESE MARKETS WHICH TOGETHER
CONTRIBUTE GREATLY TO THE BANK’S ABILITY TO GIVE
FINANICAL ADVICE.
THANK YOU

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