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Consolidated Departmental
Income & Expenditure Accounts
Birmingham Municipal Bank:
September 1st 1919 to March 31st 1976
 
(1) Summary of Annual Surpluses and Total Reserves
 
(2) Analysis of Total Reserves
 
(1) Summary of Annual Surpluses and Total Reserves
 
 Year
(A)
No 1 Department
£
 (B)
No 2 Department
£
 (C)
No 3 Department
£
 (D)
Total Surplus
or (Loss)
for Year
£
 (E)
Total Reserves
£
 1920
 (1,705)
 
 
(1,705)
(1,705) 
 1921
6,542 
 
 
6,542
4,837 
 1922
 3,994
 
 
3,994
8,831 
 1923
40,065 
 
 
40,065
48,896 
 1924
 9,912
 
 
9,912
58,808 
 1925
 10,940
 
 
10,940
69,748
 1926
 14,944
 
 
14,944
84,692 
 1927
15,301 
 
 
15,301
 99,993
 1928
22,849
 
 
22,849
 122,842
 1929
 28,318
 
 
28,318
 151,160
 1930
 39,500
 
 
39,500
 190,660 
 1931
49,014 
 
 
49,014
239,674 
 1932
35,286
 
 
35,286
274,960
 1933
21,732
 
 
21,732
296,692
 1934
15,858
 
 
15,858
312,550
 1935
19,866
 
 
19,866
332,416
 1936
11,176
 
 
11,176
343,592
 1937
15,685
 
 
15,685
359,277
 1938
18,897
 
 
18,897
378,174
 1939
28,961
 
 
28,961
407,135
 1940
19,338
 
 
19,338
426,473
 1941
10,642
 
 
10,642
437,115
 1942
17,814
 
 
17,814
454,929
 1943
19,838
 
 
19,838
474,767
 1944
19,722
 
 
19,722
494,489
 1945
6,001
 
 
6,001
500,491
 1946
49,635
 
 
49,635
550,126
 1947
3,205
 
 
3,205
553,331
 1948
7,512
 
 
7,512
560,843
 1949
14,151
 
 
14,151
574,994
 1950
17,457
 
 
17,457
592,451
 1951
44,406
 
 
44,406
636,857
 1952
55,607
 
 
55,607
692,464
 1953
31,297
 
 
31,297
723,761
 1954
28,810
 
 
28,810
752,571
 1955
27,997
 
 
27,997
780,568
 1956
37,996
 
 
37,996
818,564
 1957
34,789
 
 
34,789
853,353
 1958
69,759
(11,189)
 
58,570
911,923
 1959
87,869
(335)
 
87,534
999,457
 1960
80,396
14,440
 
94,836
1,094,293
 1961
112,635
726
 
113,361
1,207,654
 1962
131,399
152
 
131,551
1,339,205
 1963
146,907
(1,018)
 
145,889
1,485,094
 1964
144,442
(1,412)
 
143,030
1,628,124
 1965
137,794
2,771
 
140,565
1,768,689
 1966
73,879
6,468
 
80,347
1,849,036
 1967
434,752
1,680
2,483
438,915
2,287,951
 1968
259,739
(11,251)
7,217
255,705
2,543,656
 1969
174,592
3,766
77,127
255,485
2,799,141
 1970
93,796
15,081
117,138
226,015
3,025,156
 1971
413,072
(3,813)
67,680
476,939
3,502,095
 1972
456,644
(9,383)
642,458
1,089,719
4,591,814
 1973
19,826
(5,580)
66,113
80,359
4,672,173
 1974
107,492
24,787
(1,244,791)
(1,112,512)
4,231,636
 1975
616,724
(16,994)
496,557
1,096,287
4,655,948
 1976
1,019,817
257,224
614,963
1,892,004
6,547,952
TOTAL:
5,434,888
266,120
846,945
6,547,952
 
 
NOTES:
 
(1) Year 1920 = September 1st 1919 to March 31st 1920
(2) All other years = 1st April to March 31st
(3) Columns (A), (B) and (C) show Annual Surplus, or (Loss) attributed to each Department.
      Certain non-Departmental transactions are included in the No 1 Department
(4) No 2 Department commenced April 1st 1957
(5) No 3 Department commenced January 1st 1967
(6) Current Accounts Department (commenced July 1967) included in No 1 Department's Surplus
(7) Total Surplus (Column D) for each year = Increase in Total Reserves (Column E) compared to previous year
(8) The deficit of £7,149 incurred by the Birmingham Corporation Savings Bank was repaid by the BMB in two installments:
    1922: £3,000
    1923: £4,149
(9) From 1972, certain transactions were reported through the Balance Sheet rather than the Income & Expenditure A/c
        - as summarised in the following table
 
 
Surplus reported
in I&E A/c
(£) 
Details of Transaction 
 Amount of
Transaction
(£)
Amended
Surplus/(Loss)
(£) 
1972 
1,169,719 
Transfer from Development Reserve 
 (80,000)
 1,089,719
1973 
612,179
Losses on Investments:
- No 1 Department
- No 3 Department
Provision in Development Reserve no longer required
 
(428,059)
(133,760)
30,000
80,360
1974 
807,046
Losses on Investments:
- No 1 Department
- No 3 Department
 Purchase of Computer Equipment
 
(388,333)
(1,413,203)
(159,250)
41,228
(1,112,512)
1975
1,188,855
Profit on maturity of Investment
Computer and other equipment purchased
2,010
(217,600)
123,022
1,096,287
1976 
1,686,752
Profit on maturity of Investment
Investment Amortization Charge
82,675
122,577
1,892,004
 
For the period April 1st 1976 to November 20th 1979 see Birmingham Municipal Trustee Savings Bank
 
(2) Analysis of Total Reserves
 
 
Balance of Income &
Expenditure A/c
(£)
 General
Reserve
(£)
Development
Reserve
(£)
 Investment
Reserve
(£)
Reserve for
Taxation
(£) 
Reserve for
Repairs
(£) 
Total
Reserves
(£) 
 1920
(1,705)
 
 
 
 
 
(1,705)
 1921
4,837
 
 
 
 
 
4,837
 1922
8,831
 
 
 
 
 
8,831
 1923
48,896
 
 
 
 
 
48,896
 1924
58,808
 
 
 
 
 
58,808
 1925
69,748
 
 
 
 
 
69,748
 1926
84,692
 
 
 
 
 
84,692
 1927
99,993
 
 
 
 
 
99,993
 1928
122,842
 
 
 
 
 
122,842
 1929
151,160
 
 
 
 
 
151,160
 1930
190,600
 
 
 
 
 
190,600
 1931
239,674
 
 
 
 
 
239,674
 1932
274,960
 
 
 
 
 
274,960
 1933
296,692
 
 
 
 
 
296,692
 1934
312,550
 
 
 
 
 
312,550
 1935
332,416
 
 
 
 
 
332,416
 1936
343,592
 
 
 
 
 
343,592
 1937
359,277
 
 
 
 
 
359,277
 1938
378,174
 
 
 
 
 
378,174
 1939
407,135
 
 
 
 
 
407,135
 1940
426,473
 
 
 
 
 
426,473
 1941
437,115
 
 
 
 
 
437,115
 1942
454,929
 
 
 
 
 
454,929
 1943
474,767
 
 
 
 
 
474,767
 1944
494,489
 
 
 
 
 
494,489
 1945
500,491
 
 
 
 
 
500,491
 1946
520,126
 
 
 
15,000
15,000
550,126
 1947
525,331
 
 
 
15,000
13,000
553,331
 1948
532,843
 
 
 
15,000
13,000
560,843
 1949
9,994
550,000
 
 
 
15,000
574,994
 1950
22,451
550,000
 
 
 
20,000
592,451
 1951
36,857
572,500
 
 
7,500
20,000
636,857
 1952
56,839
603,125
 
 
12,500
20,000
692,464
 1953
30,636
653,125
 
 
20,000
20,000
723,761
 1954
12,571
700,000
 
 
20,000
20,000
752,571
 1955
40,568
700,000
 
 
20,000
20,000
780,568
 1956
78,564
700,000
 
 
20,000
20,000
818,564
 1957
113,353
700,000
 
 
20,000
20,000
853,353
 1958
51,923
800,000
 
 
20,000
40,000
911,923
 1959
84,457
800,000
 
 
35,000
80,000
999,457
 1960
139,293
800,000
 
 
35,000
120,000
1,094,293
 1961
42,654
950,000
 
 
35,000
180,000
1,207,654
 1962
54,205
1,000,000
 
 
35,000
250,000
1,339,205
 1963
50,094
1,150,000
 
 
35,000
250,000
1,485,094
 1964
43,124
1,300,000
 
 
35,000
250,000
1,628,124
 1965
83,689
1,400,000
 
 
35,000
250,000
1,768,689
 1966
64,036
1,500,000
 
 
35,000
250,000
1,849,036
 1967
137,951
1,900,000
 
 
 
250,000
2,287,951
 1968
143,656
2,300,000
 
 
 
100,000
2,543,656
 1969
199,141
2,500,000
 
 
 
100,000
2,799,141
 1970
325,156
2,600,000
100,000
 
 
 
3,025,156
 1971
402,095
2,600,000
500,000
 
 
 
3,502,095
 1972
621,814
2,600,000
420,000
950,000
 
 
4,591,814
 1973
622,173
2,600,000
600,000
850,000
 
 
4,672,173
 1974
781,636
2,600,000
850,000
(671,975)
 
 
3,559,661
 1975
1,554,901
2,800,000
850,000
(548,953)
 
 
4,655,948
 1976
2,047,952
3,500,000
1,000,000
 
 
 
6,547,952
 
NOTES:
 
(1) Ratio of Total Reserves to Depositors' Balances reached 4.77% at March 31st 1976
(2) Investment Reserve includes balance on Amortization Account
(3) Reserve for Repairs designated for "Repairs and Rebuilding of Branches"
 
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