Catalogue description HM Treasury: Fiscal and Monetary Policy (directorate), Monetary Group, Monetary and Exchange Rates Policy Division: Registered Files (FERM prefix)

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Details of T 509
Reference: T 509
Title: HM Treasury: Fiscal and Monetary Policy (directorate), Monetary Group, Monetary and Exchange Rates Policy Division: Registered Files (FERM prefix)
Description:

The records in this series concern reserves and foreign currency borrowing, exchange rates and other external indicators of United Kingdom monetary conditions.

The 'FERM' file prefix denotes the file registry theme 'Foreign Exchange Reserves Management'.
Date: 1951-1997
Arrangement:

The records are arranged chronologically and in file prefix order.
Held by: The National Archives, Kew
Former reference in its original department: FERM prefix
Legal status: Public Record(s)
Language: English
Creator:

Treasury, 1667-

Treasury, Fiscal and Monetary Policy Directorate, 1994-1995
Physical description: 61 file(s)
Access conditions: Open unless otherwise stated
Immediate source of acquisition:

In 2019 Treasury
Custodial history: The records were stored at 1 Horse Guards Road, London SW1, to April 2012. Thereafter they were transferred to a third party contractor for processing prior to transfer to The National Archives
Accumulation dates: 1994 to 1997
Selection and destruction information: RCP s.3.1.1 - Government management of the UK economy
Accruals: The series is accruing
Administrative / biographical background:

The Monetary Group had previously existed under the Public Finance (sector) from 1986 and continued under the Fiscal and Monetary Policy (directorate) for 1994. In 1995 it was abolished and its functions were subsumed by the new Macroeconomic Policies and Prospects Directorate.

The Monetary and Exchange Rate Policy Analysis Division was created in 1986. The functions were transferred from the Balance of Payment Division which had existed previously under the External Finance Group and thereunder the Overseas Finance (sector) to 1985. In 1993 it briefly changed its name to the Monetary Policy and Exchange Rate and Funding Division under the Public Finance (sector) and there under the Monetary Group. In 1994 it briefly existed under the Fiscal and Monetary Policy (sector) and thereunder the Monetary Policy Group. In 1995, it was abolished and its functions subsumed by the Debt and Reserves Management (division) under a new shallower organisational structure; the Macroeconomic Policies and Prospects Directorate.

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