Morgan offered them an interest-free funding scheme in return for swapping its baht for yen.
Sir Robert Salisbury was giving evidence to the Education Committee on the review of the Common Funding Scheme.
As noted here, the FAA proposed in mid-February a new funding scheme that links taxes to the amount planes use the air traffic system.
Liverpool City Council, which is funding the scheme, said it had been "deluged" with applications.
She paid tribute to the wide range of organisations funding the scheme.
In extending by a year and broadening to other credit providers its scheme to supply cheap funds to banks - the Funding for Lending Scheme - the Bank of England is introducing a new incentive for small business lending.
The Funding for Lending scheme will begin in August and will be open for 18 months.
The council had successfully applied for European Commission State Aid funding for the scheme.
This suggest the Bank's Funding for Lending Scheme (FLS) is encouraging more lending to home buyers.
As a result, Scotgold said it had decided not to seek further funding for the scheme until conditions improved.
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Interest rates on savings accounts have been depressed by the government's Funding for Lending Scheme (FLS), according to Moneyfacts.
The elements of the Funding for Lending scheme are much hazier, and will be finalised in the coming weeks.
The supply of mortgage funds will be increased "significantly" by the Funding for Lending Scheme (FLS), says the Bank of England.
BBC: Mortgage funds to rise significantly, Bank of England says
Buyer confidence was "fragile", he added, even though mortgage rates had become cheaper as a result of the Funding for Lending scheme (FLS).
It predicts that activity will be boosted by the government's Funding for Lending Scheme, which channels cheap funds to banks and building societies.
The BOE's Funding for Lending Scheme contains substantial incentives for banks to boost their loan books by waiving regulatory capital charges on new loans.
The Bank's figures do not reveal what the level of lending might have been if the Funding for Lending scheme had not been introduced.
Jonathan Harris, director of mortgage broker Anderson Harris, told the BBC that the Funding for Lending Scheme has helped to push down mortgage rates.
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He has also announced an expansion of the Bank of England's Funding for Lending Scheme (FLS) in an effort to boost growth in recent weeks.
He acknowledged mortgage volumes had been supported by the Bank of England's Funding for Lending scheme, launched by the government last summer to stimulate lending.
The Ministry of Defence approved funding for the scheme on Monday.
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Now some have characterised this as the banks being able to lend under the Bank of England's new Funding for Lending Scheme, free of capital charge.
They have yet to feel the full impact of the latest round of QE and the early signs of FLS (funding for lending scheme) require more quarter-data gathering.
The Funding for Lending scheme was launched by the Bank of England and Treasury in August last year, with the aim of boosting lending to businesses and home buyers.
The market does not expect any noteworthy fiscal expansion in the budget, but there may be measures on tap with regard to the Funding for Lending Scheme (FLS) or banking sector.
The regulator's powers, which include the broader oversight of pension-scheme funding, have assumed a new salience because of the debt-fuelled stream of mergers and acquisitions of the past couple of years.
In his evidence to MPs, Mr Tucker also suggested "possible extensions" to the Funding for Lending scheme that he termed "quite significant, in terms of lending to non-banks and via non-banks".
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"The government has taken action to support the economy, including through its innovative Funding for Lending Scheme, which the report notes has already provided a significant boost to the mortgage market".
They were encouraged to lend at such low levels by the prospect of being able to obtain cheap funds from the Bank of England, under its recently launched Funding for Lending scheme.
The Bank of England's Credit Conditions Survey found that the Funding for Lending Scheme, launched at the start of August 2012, was now helping to increase the flow of money to borrowers.
BBC: Mortgage funds to rise significantly, Bank of England says
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