The document discusses the banking system in the UK, including the Bank of England, banks, the Treasury, and shadow banking. It notes normal banking activities like withdrawals, interest on bonds, cash, tax, wages, purchases, and loans. However, it also mentions losses, suffering losses, defaults, toxic assets, and a potential breakdown, indicating issues or risks within the banking system.

1. Withdrawals Bank of England Banks UK Treasury Shadow Banking Consumers Business Providers Profit Bonds & Interest Cash & Tax Tax Wages Purchases Loans Interest Investment Loans Interest Loans Interest Deposits Insurance Normal Activity

2. Withdrawals Bank of England Banks UK Treasury Shadow Banking Consumers Business Providers losses Bonds & Interest Cash & Tax Tax Wages Purchases Loans Interest Investment Loans Interest Loans Interest Deposits Insurance Suffering losses

3. Withdrawals Bank of England Banks UK Treasury Shadow Banking Consumers Business QE Providers losses Bonds & Interest Cash & Tax Tax Wages Purchases Loans Defaults Loans Defaults Loans Defaults Deposits Insurance X X X Breakdown

4. Withdrawals Bank of England Banks UK Treasury Shadow Banking Consumers Business QE Providers Toxic Assets Bonds & Interest Cash & Tax Tax Wages Purchases Loans Interest Loans Interest Loans Interest Deposits Insurance QE & ZIRP