The Bank of England’s “other assets” rose by £1.1 billion in the week to 21st November, down from £2.0 billion in the prior week. The cumulative increase since 12th September is now £26.4 billion, the bulk of which will represent lending to Northern Rock. With Building Societies Association figures earlier this week suggesting a massive outflow of retail funds from the troubled bank (see here), the Rock loan looks on course to reach £30 billion by year-end.