crisis) and at the end of August 2009.  The total size of the balance sheet rose from 80.3 bn to 220.3 bn.  The peak of the Bank of England's balance sheet size so far was at the end of July 2009, when it stood at 245.3 bn, more than three times its July 2009 size.  This is the largest proportional increase in the size of the balance sheet of any of the leading central banks. Table 1 Consolidated Balance sheet of the Bank of England end of period, NSA, bn Assets Liabilities July 2007 August 2009 July 2007 August 2009 Short term OMOs 32.0 0.0 Notes in circulation 40.1 46.7 Long term reverse repo 15.0 52.7 Reserve Balance liabilities 17.2 136.4 Advances to central government 13.4 0.4 Standing Facility deposits 0.0 0.0 Other securities acquired via market transactions 7.6 13.3 Short term OMOs 0.0 0.0 Total other assets 12.4 153.9 Foreign currency securities 4.3 3.8 Cash ratio deposits 2.7 2.5 Other liabilities 15.9 30.8 Total assets 80.3 220.3 Total liabilities 80.3 220.3 Source: Bank of England Total may not equal sum of column items because of rounding errors UK banks take all the liquidity the Bank of England is injecting through its massive purchases of British government securities (gilts) and promptly turn around and re-deposit that liquidity with the central bank as commercial bank reserves held with the central bank or, in Bank of England lingo, as Reserve Balance Liabilities, which went up by 119.2 billion between July 2007 and