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Written question asked by Lord Laird (Crossbench), in the House of Lords. It was answered by Lord Myners (Labour) on Tuesday, 24 February 2009.

Money: Banknotes

Question
To ask Her Majesty's Government how many banknotes issued by United Kingdom commercial banks are currently in circulation; of which denominations; and what is their total value by bank.
Answer

Commercial banks that issue their own banknotes are required by law to submit data to HM Revenue and Customs regarding their average notes in circulation over a four-week period. The total value of notes in circulation reported for the period ending 24 January 2009 are as follows:

Total value of notes of denomination £5 and upwards Total value of notes of denomination under £5 Total
The Bank of Ireland 614,755,824 278,105 615,033,929
First Trust Bank 333,753,000 0 333,753,000
The Northern Bank Limited 304,884,356 444,248 305,328,604
The Ulster Bank Limited 466,666,935 0 466,666,935
Total value of notes of denomination £5 and upwards Total value of notes of denomination under £5 Total
Bank of Scotland 954,088,329 4,019,819 958,108,147
The Royal Bank of Scotland 1,147,074,310 16,848,226 1,163,922,536
Clydesdale Bank 1,158,172,429 0 1,158,172,429

Secondary information

Type
Written question
Reference
1219; 708 c58-9WA
Session
2008-09
Subjects
Bank notes Commercial banks
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk