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April 1st 1976 to November 20th 1979 
Growth in Total Reserves:
April 1st 1976 to November 20th 1979
 
 
Ratio of
Reserves
to Deposits
(%)
Total Reserves Transferred from Birmingham Municipal Bank @ April 1st 1976 
6,547,952 
4.77
Surplus - April 1st 1976 to November 20th 1976 (No 2 Dept)
267,563
 
Surplus - April 1st 1976 to November 20th 1976 (Investment Dept)
544,151
 
Total Reserves @ November 20th 1976
7,359,666
5.38
Prior Year Adjustments
123,000
 
Surplus - November 21st 1976 to November 20th 1977
1,287,000
 
Total Reserves @ November 20th 1977
8,770,000
6.19
Surplus - November 21st 1977 to November 20th 1978
1,351,000
 
Prior Year Adjustments
547,000
 
Total Reserves @ November 20th 1978
10,668,000
6.64
Prior Year Adjustments
1,487,000
 
Surplus - November 21st 1978 to November 20th 1979
2,446,000
 
Total Reserves @ November 20th 1979
14,601,000
8.22
 
NOTE:
 
The Bank's Annual Reports for the three years ending November 20th 1979, published figures in units of a Thousand Pounds
Subsequent to the Government's acceptance of the recommendations of the Page Committee to Review National Savings a new Trustee Savings Banks Act was passed in 1976. The new legislation removed many of the restrictions under which TSBs operated and granted the banks powers to operate with equivalent services to the commercial banks. In order to make these services available to the customers of the Birmingham Municipal Bank (BMB), it was necessary for the BMB to operate under the provisions of the Trustee Savings Banks Acts, instead of the Birmingham Corporation Act of 1919. The legislation to effect the BMB's transfer to a TSB was made by the passing of the National Exhibition Centre and Birmingham Municipal Act, 1976 - this Act resulted in the transfer of the Assets and Liabilities of the Birmingham Municipal Bank to the newly formed Birmingham Municipal Trustee Savings Bank (BMTSB). The BMB closed its doors on March 31st 1976 and the new Bank opened for business on the following day. The 1976 TSB Act provided for the special relationship between the Bank and the City of Birmingham to continue with the Trustees of the new Bank being appointed and removed by the City Council. However, the Government had only agreed to the savings banks getting extended powers if the large number of individual banks (some of which were very small) was rationalised to a smaller number of regional banks. Eventually, a structure of seventeen regional banks was agreed that included the TSB of the Midlands (formed from three Banks: Coventry; Walsall; and Wolverampton) that BMTSB was committed to amalgamate with in due course. That amalgamation, to form TSB of Birmingham and the Midlands, took place on November 21st 1979 - thus the relationship with Birmingham City Council, that began with the Birmingham Corporation Savings Bank during the First World War, came to an end.
 
BMTSB produced four sets of Published Accounts. The results for these four periods are summarised below, and the full sets of reports are reproduced:
 
 - April 1st to November 20th 1976;
 
 - November 21st 1976 to November 20th 1977;
 
 - November 21st 1977 to November 20th 1978;
 
 - November 21st 1978 to November 20th 1979
EXTRACTS FROM BALANCE SHEETS
 
LIABILITIES
1976
1977 
1978 
 1979
Customers' Balances: 
000
000
000
 Savings Department No 1
62,898,243 
 
 
 
 Savings Department No 2
 24,617,335 
 
 
 
 Investment Department No 3 
46,232,461 
 
 
 
 Current Account Department
2,891,926 
 
 
 
TOTAL:  
136,730,965 
 
 
 
 Savings Accounts
 
89,960 
101,166 
106,637 
 Cheque Accounts
 
4,156 
7,144 
9,960 
 Investment Accounts
 
39,980 
49,043 
51,182 
 Term Deposits
 
7,504 
3,316 
9,880 
TOTALS: 
 
141,600 
160,669 
177,659 
 
 
 
 
 
 ASSETS
 
 
 
 
 Investments
99,033,838 
100,036 
104,034 
123,403 
 National Debt Commissioners
27,526,198 
23,459 
25,102 
22,155 
 Advances (less provisions)
8,653,146 
9,436 
13,193 
18,465 
 
Annual Reports
 
History
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