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8 - The Branches

Published online by Cambridge University Press:  05 March 2012

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Summary

In November 1936 the Court of the Bank discussed the report of a recent visit to the Birmingham Branch made by two Directors, Arthur Whitworth and James Weir, which from unfavourable comment on the Birmingham premises moved to consideration of the possibility of a rebuilding scheme for all the Branches, and, more radically, questioned whether there was really any need for Country Branches at all. At this date the Bank had nine Branches, eight in the provinces and one adjacent to the Law Courts in the Strand; a second London Branch, Western Branch in Burlington Gardens, had been sold to the Royal Bank of Scotland in 1930. Branch activity had been gradually eroded by the Bank's disinclination, since the First World War, to compete for local business with the clearing banks. Messrs Whitworth and Weir were not the first to comment on the costs of maintaining considerable numbers of staff in large and in many cases quite unsuitable buildings: the Economy Committee of 1933 had been critical of the expense of the Branches and the Directors' report crystallised misgivings which the Deputy Governor, B.G. Catterns, had felt for some time.

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Publisher: Cambridge University Press
Print publication year: 1992

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  • The Branches
  • Elizabeth Hennessy
  • Book: A Domestic History of the Bank of England, 1930–1960
  • Online publication: 05 March 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511896156.010
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  • The Branches
  • Elizabeth Hennessy
  • Book: A Domestic History of the Bank of England, 1930–1960
  • Online publication: 05 March 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511896156.010
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The Branches
  • Elizabeth Hennessy
  • Book: A Domestic History of the Bank of England, 1930–1960
  • Online publication: 05 March 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511896156.010
Available formats
×