Bank of England

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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry.The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, but with independence in setting monetary policy.The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland.The Bank's Monetary Policy Committee has a devolved responsibility for managing monetary policy. The Treasury has reserve powers to give orders to the committee "if they are required in the public interest and by extreme economic circumstances", but such orders must be endorsed by Parliament within 28 days. The Bank's Financial Policy Committee held its first meeting in June 2011 as a macroprudential regulator to oversee regulation of the UK's financial sector. The Bank's headquarters have been in London's main financial district, the City of London, on Threadneedle Street, since 1734. It is sometimes known as The Old Lady of Threadneedle Street, a name taken from a satirical cartoon by James Gillray in 1797. The road junction outside is known as Bank junction. As a regulator and central bank, the Bank of England has not offered consumer banking services for many years, but it still does manage some public-facing services such as exchanging superseded bank notes. Until 2016 the bank provided personal banking services as a privilege for employees.

Excerpt from the Wikipedia article Bank of England (License: CC BY-SA 3.0, Authors, Images).

Bank of England
Threadneedle Street, City of London

Geographical coordinates (GPS) Address Phone number Website External links Nearby Places
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Geographical coordinates (GPS)

Latitude	Longitude
N 51.5142 °	E -0.0885 °

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Address

Bank of England (Old Lady of Threadneedle Street)

Threadneedle Street 8AH
EC2R 8AH City of London
England, United Kingdom
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Phone number
Governor and Company of the Bank of England

call+442034614444

Website
bankofengland.co.uk

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External links

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linkOpenStreetMap (553472)

Nearby Places

Sarah Whitehead

Sarah Whitehead is the reported name of a woman whose ghost is said to haunt the Bank of England; her ghost became known as The Bank Nun.

St Christopher le Stocks

St Christopher le Stocks was a parish church on the north side of Threadneedle Street in the Broad Street Ward of the City of London. Of Medieval origin, it was rebuilt following the Great Fire of London in 1666, but demolished in 1781 to make way for an extension of the neighbouring Bank of England.

Bank of England Museum

The Bank of England Museum, located within the Bank of England in the City of London, is home to a collection of diverse items relating to the history of the Bank and the UK economy from the Bank’s foundation in 1694 to the present day. The museum is open to the public, free of charge.

St Margaret Lothbury

St Margaret Lothbury is a Church of England parish church on Lothbury in the City of London; it spans the boundary between Coleman Street Ward and Broad Street Ward. Recorded since the 12th century, the church was destroyed in the Great Fire of London in 1666 and rebuilt by the office of Sir Christopher Wren. St Margaret Lothbury still serves as a parish church, as well as being the official church of five Livery Companies, two Ward Clubs and two Professional Institutes. It also has connections with many local finance houses, all of which hold special services each year.

Whalebone (eatery)

The Whalebone was an eatery on Lothbury in the City of London that was a meeting place for the Leveller movement in the mid 17th century. The Levellers described themselves as "whaleboners" in an early printed declaration, and their leader John Lilburne would read various declarations and lead meetings there. Henry Ireton, Oliver Cromwell's son-in-law, sent spies to the Whalebone to observe the Levellers. It was referred to as one of the Levellers' 'Houses of Parliament', along with the Mouth Inn in Aldersgate. The Windmill Tavern was similarly associated with the Levellers.

London Troops War Memorial

The London Troops War Memorial, located in front of the Royal Exchange in the City of London, commemorates the men of London who fought in World War I and World War II.

Bartholomew Lane

Bartholomew Lane, in the City of London, runs between the junction of Lothbury and Throgmorton Street in the north to Threadneedle Street in the south. The lane is bordered on its western side by the Bank of England.The lane is associated with the auctioneer George Robins, whose premises The Auction Mart stood opposite the rotunda of the Bank.The church of St Bartholomew-by-the-Exchange stood on the eastern side on the corner with Threadneedle Street until it was destroyed in the Great Fire of 1666. It was rebuilt by the office of Sir Christopher Wren and demolished in 1840.

Bank Junction

Bank Junction is a major road junction in the City of London, the historic and financial centre of London, at (or by) which nine streets converge and where traffic is controlled by traffic lights and give-way lines. It is named after the nearby Bank of England. Directly underneath it is one of the ticket halls of Bank station, one of the busiest stations on the London Underground.

Statue of James Henry Greathead, London

The statue of James Henry Greathead, designed by James Butler, is installed outside the Royal Exchange, where it conceals a ventilation shaft. It was erected in 1994 on a traffic island in the middle of Cornhill, London, with traffic passing to either side, similar to the statue of Prince Albert at Holborn Circus. The London Troops War Memorial is nearby.

Lothbury

Lothbury is a short street in the City of London. It runs east–west with traffic flow in both directions, from Gresham Street's junction with Moorgate to the west, and Bartholomew Lane's junction with Throgmorton Street to the east.

Worshipful Company of Grocers

The Worshipful Company of Grocers is one of the 110 Livery Companies of the City of London and ranks second in order of precedence. The Grocers' Company was established in 1345 for merchants occupied in the trade of grocer and is one of the Great Twelve City Livery Companies.

St Bartholomew-by-the-Exchange

St. Bartholomew-by-the-Exchange was a church and parish in the City of London located on Bartholomew Lane, off Threadneedle Street. Recorded since the 13th century, the church was destroyed in the Great Fire of London in 1666, then rebuilt by Sir Christopher Wren. The rebuilt church was demolished in 1840.