Bank Charter Act 1844

Bank Charter Act 1844[1]
Act of Parliament
Long titleAn Act to regulate the Issue of Bank Notes, and for giving to the Bank of England certain Privileges for a limited Period.
Citation7 & 8 Vict. c. 32
Territorial extent United Kingdom of Great Britain and Ireland
Dates
Royal assent19 July 1844
Other legislation
Amended byStatute Law Revision Act 1874 (No. 2)
Repealed by
Status: Amended
Text of statute as originally enacted
Revised text of statute as amended
Bank Act of 1844

The Bank Charter Act 1844 (7 & 8 Vict. c. 32), sometimes referred to as the Peel Banking Act of 1844, was an Act of the Parliament of the United Kingdom, passed under the government of Robert Peel, which restricted the powers of British banks and gave exclusive note-issuing powers to the central Bank of England.[2][3][4] It is one of the Bank of England Acts 1694 to 1892.[5]

  1. ^ The citation of this Act by this short title was authorised by the Short Titles Act 1896, section 1 and the first schedule. Due to the repeal of those provisions it is now authorised by section 19(2) of the Interpretation Act 1978.
  2. ^ "Bank Charter Act 1844" (PDF). Bank of England. Archived (PDF) from the original on 3 December 2010. Retrieved 27 October 2010.
  3. ^ Horsefield, J. K. (1944). "The Origins of the Bank Charter Act, 1844". Economica. 11 (44): 180–189. doi:10.2307/2549352. ISSN 0013-0427.
  4. ^ Whale, P. Barrett (1944). "A Retrospective View of the Bank Charter Act of 1844". Economica. 11 (43): 109–111. doi:10.2307/2550283. ISSN 0013-0427.
  5. ^ The Short Titles Act 1896, section 2(1) and Schedule 2