Customers' Credit Balances;
Balances of Advances to Customers;
Reserves (Excess of Income over Expenditure)
 
Financials
 Year
 Notes
Customers'
Credit Balances
(Total Deposits)
(£)
 Balances of
Advances to
Customers
(£)
 Accumulated
Reserves
(£)
 Ratio of
Reserves to
Deposits
(%)
 1919
1
 307,610
 
 
 
1920
2
 746,984
39,110
(1,702)
 
1921
 
1,405,978
 233,694
4,837
0.65
1922
 
1,869,596
 263,454
8,831
0.47
1923
 
2,883,942
287,953
48,896
1.70
1924
4,243,541
402,798
58,808
1.39
1925
5,611,532
658,897
69,748
1.24
1926
6,799,511
1,100,367
84,692
1.25
1927
7,800,221
1,567,358
99,993
1.28
1928
9,069,841
1,704,799
122,842
1.35
1929
10,274,625
1,681,821
151,160
1.47
 1930
 
11,534,835
1,741,178
190,660
1.65
 1931
 
12,885,068
1,808,001
239,674
1.86
 1932
 
13,682,647
1,820,311
274,960
2.01
 1933
 
15,335,689
1,725,149
296,692
1.93
 1934
 
17,063,594
1,575,839
312,550
1.93
 1935
 
18,925,999
1,535,470
332,416
1.76
 1936
 
21,230,935
1,735,079
343,592
1.62
 1937
 
23,802,559
2,070,554
359,277
1.51
 1938
 
26,680,561
2,175,476
378,174
1.42
 1939
 
29,350,236
2,431,517
407,135
1.39
 1940
 
31,589,389
2,693,877
426,473
1.35
1941
 
35,917,804
2,606,951
437,115
1.22
1942
42,056,508
2,424,393
454,929
1.08
1943
50,797,006
2,202,395
474,767
0.93
1944
59,510,298
1,987,050
494,489
0.83
1945
67,742,971
1,782,361
500,491
0.74
1946
74,281,359
1,674,632
550,126
0.74
1947
78,017,901
1,280,790
553,331
0.71
 1948
 
80,954,001
1,440,500
560,843
0.69
 1949
 
83,368,124
1,552,084
574,994
0.69
 1950
 
85,121,032
1,905,115
592,451
0.69
 1951
 
85,095,825
2,203,472
636,856
0.75
 1952
 
84,769,127
2,595,017
692,464
0.82
 1953
 
85,437,740
3,037,319
723,761
0.85
 1954
 
86,306,963
3,462,938
752,571
0.87
 1955
 
88,088,614
4,405,105
780,568
0.89
 1956
 
88,577,694
5,175,402
818,563
0.92
 1957
3
85,892,086
5,085,517
853,353
0.99
 1958
 
83,649,098
5,234,304
911,923
1.09
 1959
 
81,929,350
5,431,639
999,457
1.21
 1960
84,161,954
5,590,153
1,094,293
1.30
 1961
 
85,250,730
5,870,232
1,207,654
1.42
 1962
 
86,660,093
6,088,627
1,339,205
1.55
 1963
 
88,845,698
6,154,897
1,485,093
1.67
 1964
 
91,234,473
6,279,975
1,628,124
1.78
 1965
 
92,834,939
6,342,026
1,768,689
1.91
 1966
 
93,937,012
6,432,785
1,849,036
1.97
 1967
 
92,335,217
6,600,540
2,287,951
2.48
 1968
 
94,478,112
6,368,272
2,543,656
2.69
 1969
 
95,949,496
6,209,640
2,799,141
2.92
 1970
 
95,065,150
6,168,601
3,025,156
3.18
 1971
99,761,865
6,225,772
3,502,095
3.51
 1972
 
104,882,292
6,738,583
4,591,814
4.38
 1973
 
113,944,933
6,963,874
4,672,173
4.10
 1974
 
120,682,805
7,848,207
4,231,636
3.51
 1975
 
128,382,322
8,490,778
5,204,901
4.05
Mar 1976
4
137,255,630
9,210,871
6,547,952
4.77
Nov 1976
5
136,730,965
9,435,491
7,362,073
5.38
 1977
 
141,600,000
10,056,000
8,770,000
6.19
 1978
160,669,000
13,193,000
10,668,000
6.64
 1979
 
177,659,000
18,465,000
14,601,000
8.22
NOTES:
 
[1]    The BMB's predecessor - the Birmingham Corporation Savings Bank - ceased to take deposits on October 31st 1919. The
         majority (if not all) of that Bank's balances were transferred to the Birmingham Municipal Bank (BMB). The 1919 figures above are
         the closing balances for the original Bank
 
[2]     1920: Balances @ March 31st - the end of the Bank's first period of trading, from September 1st 1919
 
[3]      Deposit Balances from 1919 to 1956 were in the Original (No 1) Department. Additional Departments were opened from April 1st
          1957 onwards; see an analysis of Departmental Balances for the period 1957 to 1979
 
[4]     Balances @ March 31st 1976 transferred from the BMB to the Birmingham Municipal Trustee Savings Bank (BMTSB)
 
[5]     Financial Year-ends for the BMTSB were November 20th
 
Home