This report contains information on the Bank of England’s Asset Purchase Facility (APF) for 2024 Q4, describing operations from 1 October 2024 to 31 December 2024. It also contains information about how cash flows between the APF and HM Treasury (HMT) might evolve over time. More information on what the APF is and what it does is available in our Market Operations Guide. A short timeline describing the history of the APF is provided as background at the end of the report.