--BOE: UK prov adj Feb M4 money +0.3% on month; +9.1% on year
--BOE: UK provisional adj Feb M4 lending +6.1 bln stlg
--BOE: Securitisations reduced UK Feb M4 lending by 2.2 bln stlg

London, March 20 (BridgeNews) - Growth in February's seasonally adjusted U.K. M4 broad money supply came in below expectations, rising a provisional monthly 0.3% and an annual 9.1%, according to data released by the Bank of England Tuesday. Adjusted M4 bank lending rose 6.1 billion stlg. Forecasts were for a 0.6% monthly and a 9.5% annual M4 increase, and a 7.8 billion rise in M4 lending. Securitizations were one factor behind the weaker than forecast data.
* * * Securitizations of residential mortgage debt and corporate lending reduced M4 lending by 2.2 billion stlg, the Bank of England said. The way the central bank accounts for securitizations means they reduce the total stock of lending.
Overall M4 growth, at 9.1% year-on-year, was below the 9.4% recorded in January. It was, however, still strong in comparison to the growth rates seen in the past couple of years. Setting aside January, the last time M4 growth was above 9.1% was in September 1998.
The data will add to the evidence that U.K. consumer demand has remained robust in the early months of this year.
The following tables give provisional U.K. M4 monetary statistics for February. All data are month-on-month and seasonally adjusted. Data from the previous month are in brackets.

Feb Jan
Month-on-month 0.3 (1.2)
3 months annualized 8.1 (7.7)
6 months annualized 5.8 (9.4)
Year-on-year 9.1 (9.4)

M4 measures all bank and building society deposits together with notes and coins in circulation and certificates of deposit. M0 meanwhile refers to U.K.
notes and coins in circulation and banks' deposits with the Bank of England. End
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