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					Section 4: The resilience of UK banks

Chart 4.1- Major UK banks' leverage ratio
Sources: Published accounts and Bank Calulations

Date          Maximum-Minimum            IQR       Average
       2005         3.63                11.55       22.44
       2006         2.09                12.56       22.17
       2007         3.04                11.39       22.95
       2008         5.57                21.85       30.11
       2009         2.01                 7.15       19.43
Section 4: The resilience of UK banks

Chart 4.2 - Major UK banks' core Tier 1 capital ratios
Sources: Published accounts and Bank calculations.

Date           Core Tier 1 interquartile range Core Tier 1 maximium-minimum range
        2000                1.61                               2.09
        2001                1.63                               1.93
        2002                1.87                               1.83
        2003                0.94                               1.50
        2004                1.16                               2.03
        2005                1.69                               0.94
        2006                1.32                               1.92
        2007                2.19                               1.87
        2008                1.77                               1.71
        2009                1.57                               0.38
Median core Tier 1 capital ratio
            7.43
            7.16
            6.81
            6.94
            7.01
            6.33
            6.14
            5.97
            7.00
            8.70
Section 4: The resilience of UK banks

Chart 4.3 - Major UK banks' profits and profit forecasts
Sources: 2006 to 2009 are from published accounts. 2010 to 2010 are Bloomberg consensus forecasts.

Date          Santander        RBS           LBG           HSBC        Barclays
     2006       5877.24       9186.00       9416.00      12041.25          7136.00
     2007       7464.20       9900.00       9393.00      12130.18          7076.00
     2008       9018.27     -40667.00     -10065.00       4648.20          6077.00
     2009      10473.44      -1928.00      -6300.00       4620.25         11642.00
  2010 (E)   No permission No permission No permission No permission No permission
  2011 (E)   No permission No permission No permission No permission No permission
  2012 (E)   No permission No permission No permission No permission No permission
Section 4: The resilience of UK banks

Chart 4.4 - Major UK banks' spreads on floating rate mortgages and deposits
Sources: Bank of England and Bank calculations.

Date                Combined spread Endowment spread on deposits Spread of floating rate mortgages
         1-Jan-07        2.45                  1.71                             0.74
        1-Feb-07         2.52                  1.65                             0.87
       1-Mar-07          2.58                  1.68                             0.90
        1-Apr-07         2.47                  1.60                             0.87
       1-May-07          2.50                  1.81                             0.69
        1-Jun-07         2.53                  1.69                             0.84
         1-Jul-07        2.60                  1.90                             0.70
       1-Aug-07          2.63                  1.79                             0.84
        1-Sep-07         2.54                  1.75                             0.79
        1-Oct-07         2.50                  1.74                             0.76
       1-Nov-07          2.48                  1.76                             0.72
        1-Dec-07         2.54                  1.57                             0.97
        1/1/2008         2.19                  1.41                             0.78
        2/1/2008         2.14                  1.23                             0.91
        3/1/2008         2.13                  1.34                             0.79
        4/1/2008         2.08                  1.13                             0.95
        5/1/2008         2.05                  1.19                             0.86
        6/1/2008         1.97                  1.10                             0.87
        7/1/2008         2.00                  1.08                             0.92
        8/1/2008         1.88                  0.99                             0.89
        9/1/2008         1.93                  1.04                             0.89
       10/1/2008         1.96                  0.67                             1.29
       11/1/2008         1.82                 -0.34                             2.16
       12/1/2008         1.41                 -0.54                             1.95
        1/1/2009         1.11                 -0.58                             1.69
        2/1/2009         0.99                 -0.89                             1.88
        3/1/2009         0.80                 -1.22                             2.02
        4/1/2009         0.55                 -1.20                             1.75
        5/1/2009         0.63                 -1.12                             1.75
        6/1/2009         0.65                 -1.11                             1.76
        7/1/2009         0.79                 -1.05                             1.84
        8/1/2009         0.85                 -1.02                             1.87
        9/1/2009         0.88                 -1.02                             1.90
       10/1/2009         0.93                 -1.01                             1.94
       11/1/2009         1.01                 -0.98                             1.99
       12/1/2009         1.06                 -0.99                             2.05
        1/1/2010         0.94                 -1.00                             1.94
        2/1/2010         1.05                 -1.01                             2.06
3/1/2010   1.07   -1.02   2.09
4/1/2010   1.07   -1.04   2.11
Section 4: The resilience of UK banks

Chart 4.5 - Major UK banks' trading revenues
Sources: Published accounts.

Date     Investment banking   Equities Fixed income, currency and commodities Credit market
   H1 08       2625.69        1989.97                  9199.98                  -9923.19
   H2 08       3854.96         132.48                  8863.92                 -10903.89
   H1 09       4101.14        3030.52                 16654.11                  -5175.37
   H2 09       3510.73        2692.36                 10324.01                   135.29
Trading income
       9148.44
       5173.47
      22858.40
      17575.40
Section 4: The resilience of UK banks

Chart 4.6 - Major UK banks' and LCFIs' trading book write downs
Sources: Published accounts and Bank calculations.

                                   Residential mortgage-backed securities
                 US LCFIs H2 07                    56.26
                          H1 08                    28.44
                          H2 08                    29.92
                          H1 09                     5.75
                          H2 09                    -2.06

           European LCFIs H2 07                    23.56
                          H1 08                    22.01
                          H2 08                     4.18
                          H1 09                    -0.18
                          H2 09                     0.40

          Major UK Banks H2 07                     10.99
                         H1 08                      8.30
                         H2 08                      7.14
                         H1 09                      2.49
                         H2 09                     -0.31
Commercial mortgage-backed securities Leveraged loans Credit valuation adjustments Other
               1.19                         5.76                  4.27              0.33
               3.58                        11.37                 11.07              1.05
               8.88                        12.00                  8.43              3.90
               4.51                         1.34                  2.23             -0.27
               2.25                        -1.33                  0.17              0.09

                0.81                       2.57                   3.07             0.07
                2.70                       5.23                   7.45             1.71
                2.74                       2.22                   7.21             0.54
                1.83                       0.59                   3.25             0.11
                0.10                       -0.17                  0.45             0.10

                0.00                       0.90                   1.53             0.21
                0.87                       2.78                   5.72             3.24
                1.37                       0.63                   5.78             1.46
                2.24                       0.15                   4.65             0.94
                1.65                       -0.12                  1.19             0.62
Section 4: The resilience of UK banks

Chart 4.7 - Major UK banks' credit market exposures
Sources: Published accounts and Bank calculations.

Date            US sub-prime Alt-A and US prime(b) Leveraged loans   CMBS
        H2 07      24.48             34.76              35.87        30.45
        H1 08      14.50             26.64              28.78        29.76
        H2 08      12.24             22.48              45.36        27.82
        H1 09       8.27             16.22              31.09        23.63
        H2 09       3.19             12.09              30.77        23.23
Other ABS and MBS Monoline guarantees SIV holdings Other
             128.68              4.43        1.232     0
             123.89              5.62        0.549     0
             137.80             13.88        0.963     0
             121.59             11.52        0.585     0
             124.90              4.45        0.553 7.859
Section 4: The resilience of UK banks

Chart 4.8 - Major UK banks' core Tier 1 capital ratios in 2009
Sources: Published accounts and Bank calculations.

Date          Core Tier 1 Write-downs      Other   Change in RWA RWA reduction from APS
    End-2008     6.29
   Deductions    2.78         2.34          1.17
    Additions    2.78         2.34          1.17         0.32             0.38
    End-2009
Core revenues Capital raised - private Capital raised - public APS capital Contingent capital


     2.60                1.62                   0.79              0.79
                                                                                  9.28
Section 4: The resilience of UK banks

Chart 4.9 - Major UK banks' total assets
Sources: Published accounts and Bank calculations.

Date              Other assets   Loans to households Loans to PNFCs   Loans to banks and OFC
          2005    412708.91         1339968.16          741066.33            737680.56
          2006    395688.19         1465453.25          817460.78            819764.14
          2007    596244.40         1717159.35         1091472.12           1177146.55
          2008    597101.92         1919798.28         1368617.40           1142294.05
          2009    510089.67         1784178.76         1195367.54            997205.70
 Securities   Derivatives   Cash and central bank balances    RWA
1044905.89     322713.80              40832.01               2139608.68
1148577.30     357657.65              45317.84               2283719.30
1459899.94     759956.35              80216.88               2804371.48
1534144.34    2560194.34             162209.34               3293141.97
1488829.43    1153543.56             272421.62               2966470.47
Section 4: The resilience of UK banks

Chart 4.10 - Major UK banks' customer funding gap
Sources: Deologic, published accounts and Bank calculations.

Date           Maximum-Minimum
            Median           IQR
 01/01/1998 2.72    13.73   25.01
 01/07/1998 0.14    17.18   27.66
 01/01/1999 0.14    15.96   34.49
 01/07/1999 1.55    27.54   33.34
 01/01/2000 9.02    35.46   29.11
 01/07/2000 10.00   44.83   18.24
 01/01/2001 11.06   47.89   15.14
 01/07/2001 12.03   51.44   21.65
 01/01/2002 14.57   54.65   13.40
 01/07/2002 18.70   47.78    8.85
 01/01/2003 18.10   52.55   15.45
 01/07/2003 18.27   20.38   16.87
 01/01/2004 19.96   21.08   20.47
 01/07/2004 18.20   19.36   18.75
 01/01/2005 21.60   24.20   15.51
 01/07/2005 22.10   26.87   13.35
 01/01/2006 25.91   26.56   18.80
 01/07/2006 29.82   28.47   21.11
 01/01/2007 28.65   32.55   23.15
 01/07/2007 30.64   33.07   27.26
 01/01/2008 25.38   34.20   23.29
 01/07/2008 29.39   32.67   23.55
 01/01/2009 29.33   35.78   24.31
 01/07/2009 20.31   39.61   19.43
 01/01/2010 18.98   38.78   19.54
Section 4: The resilience of UK banks

Chart 4.11 - Term structure of major UK banks' wholesale funding
Sources: FSA regulatory returns and Bank calculations.

Date            3-12months1-3 years 3-5 years >5 years Undated
        <3 months
 2008 Q3 57.54     12.19     8.85     5.50     13.64    2.27
 2008 Q4 52.80     11.41     9.70     5.03     18.91    2.14
 2009 Q1 51.45     13.16    11.99     5.28     15.98    2.14
 2009 Q2 49.97     10.90    14.31     5.56     17.85    1.41
 2009 Q3 46.95     12.21    14.33     5.68     19.62    1.20
 2009 Q4 44.42     14.24    15.70     6.63     17.77    1.24
 2010 Q1 44.08     15.49    15.61     6.24     17.54    1.05
No Permissions
Section 4: The resilience of UK banks

Chart 4.13 - UK banks' and building societies' annual write off rates
Sources: Bank of England and Bank calculations.

Date           Secured lending to UK households Credit card lending to UK households
    12/31/1986
    12/31/1987
    12/31/1988
    12/31/1989
    12/31/1990
    12/31/1991
    12/31/1992               0.34
    12/31/1993               0.28                                2.99
    12/31/1994               0.24                                1.66
    12/31/1995               0.12                                1.18
    12/31/1996               0.11                                1.41
    12/31/1997               0.11                                1.50
    12/31/1998               0.08                                1.67
    12/31/1999               0.07                                2.06
    12/31/2000               0.04                                2.55
    12/31/2001               0.03                                2.81
    12/31/2002               0.01                                2.98
    12/31/2003               0.02                                4.09
    12/31/2004               0.00                                3.92
    12/31/2005               0.01                                4.68
    12/31/2006               0.03                                6.32
    12/31/2007               0.03                                7.21
    12/31/2008               0.05                                6.82
    12/31/2009               0.12                                9.43
     3/31/2010               0.11                               10.42
Other unsecured lending to UK households Lending to UK PNFCs
                  0.99                            0.48
                  1.27                            0.58
                  1.05                            0.38
                  1.17                            0.28
                  1.53                            0.96
                  2.58                            1.75
                  2.53                            2.74
                  2.99                            2.46
                  2.75                            2.51
                  2.90                            2.35
                  2.93                            1.37
                  2.42                            1.16
                  1.77                            0.75
                  2.32                            0.36
                  1.84                            0.43
                  2.11                            0.31
                  2.49                            0.63
                  2.42                            0.78
                  2.59                            0.61
                  3.86                            0.40
                  3.94                            0.33
                  3.65                            0.27
                  3.32                            0.37
                  4.71                            1.14
                  4.72                            1.35
Section 4: The resilience of UK banks

Chart 4.14 - Major UK banks' impairment charges as a percentage of net interest income
Sources: ONS, published accounts and Bank calculations.

Date            Maximum-minimum range Interquartile range   Median
         1981           3.91                 2.59            8.46
         1982           3.75                 2.65            8.87
         1983           1.07                 3.26           16.73
         1984           0.77                 3.63           19.65
         1985           0.60                 6.99           21.14
         1986           0.77                 3.47           17.68
         1987           1.41                 3.51           15.86
         1988           0.75                24.98           21.40
         1989           0.32                 1.71            9.54
         1990           8.23                16.05           34.21
         1991           1.60                 3.60           34.74
         1992           2.79                 9.17           46.79
         1993           4.82                14.78           43.72
         1994           1.72                12.09           30.16
         1995           0.22                10.30           11.37
         1996           1.64                 6.53           13.28
         1997           0.85                 3.98            7.67
         1998           2.73                 4.78           10.83
         1999           1.16                 2.96           13.03
         2000           4.86                 3.15           13.14
         2001           2.71                 3.34           11.10
         2002           0.40                 1.96           14.78
         2003           5.88                 6.48           18.14
         2004           0.36                 3.29           19.24
         2005           0.28                 1.41           16.66
         2006           1.68                 4.51           21.18
         2007           4.38                 7.45           26.37
         2008           9.61                 7.57           29.28
         2009           6.09                 4.97           47.20
         2010           2.02                55.97           85.08
ntage of net interest income
No Permissions
Section 4: The resilience of UK banks

Chart 4.16 - Banking system refinancing requirements
Sources: Bank of England, ECB, FDIC, Fitch, SoFFin, UK DMO and Bank calculations.

     Date          USA      UK       France      Germany      Italy
            2010    99.26   114.50     111.80 No permissions 94.43
            2011    86.47   203.46     102.74                126.52
            2012    45.95   129.63     102.08                 96.01
Section 4: The resilience of UK banks

Chart 4.17 - UK historical saving ratio
Sources: ONS, Bank of England and Bank calculations.

Date            Loans         Saving ratio   Deposits
       1988      44.58            3.90        35.20
       1989      41.30            5.70        34.86
       1990      36.78            8.10        32.16
       1991      27.81           10.30        22.17
       1992      20.75           11.70        15.35
       1993      19.13           10.80         9.94
       1994      28.86            9.30         8.75
       1995      28.97           10.30        25.52
       1996      37.07            9.40        21.66
       1997      41.20            9.60        33.02
       1998      46.64            7.40        29.34
       1999      58.54            5.20        29.21
       2000      64.62            4.70        30.91
       2001      79.12            6.00        45.66
       2002     109.26            4.80        47.80
       2003     120.62            5.10        53.77
       2004     123.41            3.70        57.27
       2005     102.68            3.90        58.59
       2006     108.92            2.90        65.25
       2007      97.55            2.20        76.11
       2008      68.50            1.50        49.88
       2009      19.97            7.00        24.09
Section 4: The resilience of UK banks

Chart 4.18 - Retail flows to UK unit trusts
Sources: Bank of England.

Date           Household deposits (M4 flows) Retail unit trust sales
    1-Nov-97             1053.60                     602.24
     1-Dec-97             883.04                     629.10
      1-Jan-98           3641.59                     586.52
     1-Feb-98            2231.71                     453.51
    1-Mar-98             1999.75                     951.41
     1-Apr-98            1883.10                     994.42
    1-May-98             1551.13                     889.21
     1-Jun-98            2585.05                     805.50
      1-Jul-98           2968.54                     743.67
    1-Aug-98             2131.22                     573.98
     1-Sep-98            1991.83                     577.58
     1-Oct-98            2681.70                     543.46
   11/1/1998             1875.07                     707.67
   12/1/1998             3794.39                     769.63
     1/1/1999            3855.86                     716.81
     2/1/1999            1176.82                     844.24
     3/1/1999             555.08                    2530.95
     4/1/1999            4000.46                     809.27
     5/1/1999            2808.07                     856.46
     6/1/1999            2449.93                    1064.57
     7/1/1999            2050.99                    1319.11
     8/1/1999            1427.09                    1175.96
     9/1/1999            1718.23                    1275.86
   10/1/1999             2108.68                    1251.16
   11/1/1999             2620.92                    1240.31
   12/1/1999             4436.53                    1287.81
     1/1/2000             247.70                    1239.64
     2/1/2000            1115.67                    1557.48
     3/1/2000            1832.90                    2438.50
     4/1/2000            2814.12                    1596.29
     5/1/2000            2096.15                    1291.17
     6/1/2000            1811.77                    1261.42
     7/1/2000            2611.72                    1328.84
     8/1/2000            4316.99                    1625.28
     9/1/2000            4038.10                    1683.31
   10/1/2000             1378.69                    1560.56
   11/1/2000             4196.70                    1153.64
   12/1/2000             4451.72                    1144.72
 1/1/2001   4170.29   1286.65
 2/1/2001   3164.10   1054.07
 3/1/2001   4061.61    868.34
 4/1/2001   3263.19   1109.47
 5/1/2001   4054.68    851.46
 6/1/2001   3896.35    749.19
 7/1/2001   3801.05    622.58
 8/1/2001   3842.03    550.54
 9/1/2001   4189.26    358.12
10/1/2001   3783.65    410.36
11/1/2001   4288.95    655.32
12/1/2001   3142.43    722.85
 1/1/2002   2678.64    776.38
 2/1/2002   4229.45    674.21
 3/1/2002   4151.25    964.42
 4/1/2002   2362.24    953.12
 5/1/2002   5992.38    973.83
 6/1/2002   4016.26    712.49
 7/1/2002   4371.70    665.10
 8/1/2002   3078.06    654.40
 9/1/2002   4300.36    383.11
10/1/2002   4541.38    617.84
11/1/2002   4381.94    551.18
12/1/2002   3692.53    315.23
 1/1/2003   4898.12    393.23
 2/1/2003   4639.33    223.80
 3/1/2003   4232.62    399.42
 4/1/2003   4500.00    434.11
 5/1/2003   3075.88    807.58
 6/1/2003   4527.36    939.45
 7/1/2003   2728.59    977.26
 8/1/2003   4418.73    895.04
 9/1/2003   4497.56    797.10
10/1/2003   5200.51    670.85
11/1/2003   4947.43    517.12
12/1/2003   6098.97    860.15
 1/1/2004   2401.33    703.30
 2/1/2004   2669.37    754.03
 3/1/2004   6583.17    524.69
 4/1/2004   6186.58    269.73
 5/1/2004   3332.23    161.06
 6/1/2004   4681.18    337.31
 7/1/2004   5465.49    171.80
 8/1/2004   7301.18    227.99
 9/1/2004   4215.35    444.61
10/1/2004   5550.32    439.04
11/1/2004   4502.12    417.61
12/1/2004   4380.04    193.00
 1/1/2005   5008.97    420.39
 2/1/2005   4202.27    562.33
 3/1/2005   5436.31    252.14
 4/1/2005   4714.65    181.60
 5/1/2005   6752.09    309.80
 6/1/2005   5008.92    664.98
 7/1/2005   4550.49    977.41
 8/1/2005   4230.71    994.46
 9/1/2005   4762.85    895.16
10/1/2005   3500.28    718.37
11/1/2005   5501.55   1065.63
12/1/2005   4916.13   1467.06
 1/1/2006   6273.47   1310.12
 2/1/2006   5390.37   1412.24
 3/1/2006   4636.77   1853.40
 4/1/2006   6603.09   1389.07
 5/1/2006   3206.15    515.13
 6/1/2006   5251.44   1235.94
 7/1/2006   6634.09    758.70
 8/1/2006   6298.34   1277.63
 9/1/2006   6035.14   1622.38
10/1/2006   5440.73   1676.52
11/1/2006   5158.54    671.75
12/1/2006   4320.81   1578.46
 1/1/2007   5461.71   1176.03
 2/1/2007   6432.05    983.95
 3/1/2007   5173.87    936.54
 4/1/2007   4780.51   1140.86
 5/1/2007   6776.29   1077.63
 6/1/2007   6054.08    908.24
 7/1/2007   8419.16   1129.68
 8/1/2007   4377.45    965.40
 9/1/2007   5818.12    854.38
10/1/2007   7604.91   1031.71
11/1/2007   5566.82   -260.82
12/1/2007   9640.21   -471.12
 1/1/2008   5553.64   -292.95
 2/1/2008   5498.12    374.48
 3/1/2008   7146.14    126.59
 4/1/2008   6335.36    814.76
 5/1/2008   5346.47     524.77
 6/1/2008   4592.58     299.58
 7/1/2008   2394.59    -358.82
 8/1/2008    934.37     325.24
 9/1/2008   5069.98     -70.81
10/1/2008   -2572.20   -358.90
11/1/2008   6055.26    1067.19
12/1/2008   3529.04    1435.25
 1/1/2009   1323.40    1432.98
 2/1/2009   1722.50    1338.37
 3/1/2009   1710.42    1465.09
 4/1/2009   1340.09    1344.68
 5/1/2009   1304.77    2686.70
 6/1/2009   1838.81    2649.21
 7/1/2009   1670.40    2543.80
 8/1/2009   4587.21    2451.38
 9/1/2009   1798.92    2694.73
10/1/2009   2458.61    2553.34
11/1/2009   1638.67    2508.85
12/1/2009   2695.89    2149.44
 1/1/2010   2614.47    2180.94
 2/1/2010   4447.94    1775.61
 3/1/2010   5389.63    1782.07
 4/1/2010    752.59    1587.96
No Permission
Section 4: The resilience of UK banks

Chart 4.20 - Major UK banks' use of total revenue
Sources: Published accounts.

Date                  Retained profits      Dividends   Staff costs
              2005         10.86               9.29       22.15
              2006         12.79               9.48       23.44
              2007         11.30              10.10       23.65
              2008        -18.49              12.72       30.45
              2009          1.33               4.45       26.14
Credit provisions
      8.12
      9.67
     12.69
     35.16
     40.31
Section 4: The resilience of UK banks

Chart 4.22 - Spreads on floating rate mortgage lending by the major UK banks
Sources: Bank of England and Bank calculations.

Date          Spreads on new lending Spreads on stock of existing lending
       2004            0.50                         1.02
       2005            0.61                         0.96
       2006            0.46                         0.91
       2007            0.32                         0.81
       2008            0.96                         1.10
       2009            2.57                         1.88
       2010            2.76                         2.05
Section 4: The resilience of UK banks

Chart 4.22 - Capital accumulation achievable through variations in compensation and dividend expense
Sources: Bank of England and Published Accounts

Date          Historical Dividend to income ratios   £bn         Max Dividend as a Percentage of Revenue
       2005                                     9%        £5bn        9%         9%        8%
       2006                                     9%       £10bn        7%         6%        6%
       2007                                   10%        £15bn        4%         4%        3%
       2009                                     4%       £20bn        2%         1%        1%
dividend expense


ercentage of Revenue
                 8%    7%    7%    6%    6%    5%    5%    4%    4%
                 5%    5%    4%    4%    3%    3%    2%    2%    1%
                 3%    2%    2%    1%    1%    0%    0%   -1%   -1%
                 0%    0%   -1%   -1%   -2%   -2%   -3%   -3%   -4%
 3%    3%    2%    2%    1%    1%    0%    0%   -1%
 1%    0%    0%   -1%   -1%   -2%   -2%   -3%   -3%
-2%   -2%   -3%   -3%   -4%   -4%   -5%   -5%   -6%
-4%   -5%   -5%   -6%   -6%   -7%   -7%   -8%   -8%
-1%   -2%
-4%   -4%
-6%   -7%
-9%   -9%
Box 6: The Building Society Sector

Chart A - Changes in UK bank and building society leverage
Sources: Published accounts and Bank calculations.

Peer group                      Date             Assets Capital Leverage
Largest 10 building societies          07 / 08    1.87   0.41     2.28
Largest 10 building societies          08 / 09   -0.92   -1.54    -2.46
Major UK banks                         07 / 08    4.35   -6.04    -1.69
Major UK banks                         08 / 09   -2.26   -8.44   -10.70
Box 6: The Building Society Sector

Chart B - Largest ten building societies' pre-tax profits
Sources: Published accounts, KPMG Building Societies Database and Bank calculations

Date          Maximum-minimum range      Q1-Min       Interquartile range   Median
       2000          20.17                7.70              14.07           13.10
       2001          20.25                6.68              14.46           15.15
       2002          16.78                3.63              17.50           16.90
       2003          21.30                4.55              20.53           17.60
       2004          20.38                3.35              23.82           18.00
       2005          29.30                2.14              28.53           21.50
       2006          72.38                3.57              33.13           26.50
       2007          82.58                7.64              30.83           29.85
       2008           8.85               -36.88             17.55            7.10
       2009          36.15               -12.20             27.35            0.70
ROA (pre-tax)
   0.47
   0.46
   0.43
   0.41
   0.41
   0.39
   0.45
   0.41
   0.02
   0.14
Box 6: The Building Society Sector

Chart C - Fixed-rate retail bond maturities
Sources: FSA and Bank calculations.

  2010      2011      2012
   20.65     11.28      3.60
Box 6: The Building Society Sector

Chart D - Building societies' cost to income ratio
Sources: Capital IQ, KPMG Building Societies Database, published accounts and Bank calculations

Date          Interquartile range Maximum-minimum range   Median Largest 5 UK banks
       1990         13.65                31.15            50.91
       1991         15.85                41.32            54.39         62.92
       1992         14.49                29.04            50.70         65.28
       1993         14.14                25.29            52.71         56.01
       1994         12.19                21.41            53.37         65.03
       1995         12.66                26.26            54.34         66.90
       1996         12.71                17.01            58.48         66.91
       1997         13.70                14.63            60.91         63.21
       1998         15.42                12.22            63.41         64.93
       1999         14.11                17.29            68.72         62.42
       2000         14.33                19.02            65.65         56.90
       2001         11.91                14.79            67.72         60.53
       2002         16.23                 8.19            67.69         59.03
       2003         14.24                 9.86            67.83         58.54
       2004         16.47                16.88            70.49         60.04
       2005         13.60                14.01            67.29         57.84
       2006         15.71                13.67            68.72         52.28
       2007         15.71                13.67            68.72         48.32
       2008         17.54                21.22            68.66         60.62
       2009         26.00                61.87            73.42         60.56
calculations

				
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