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MICR Numbers or widely known as Transit Numbers are used in cheques processing.It appears on the bottom of negotiable instruments such as checks identifying the financial institution on which it was drawn.Hidden by dense undergrowth for centuries it was rediscovered in 1872.The first references to the site of modern-day Loughton date from the Anglo-Saxon period when it was known as Lukintune ("the farm of Luhha").Expansion towards the River Roding was arrested owing to the often flooding marshy meadows, encroachments into the forest to the north and west of the village were nevertheless possible.Loughton landlords and villagers both exploited the forest waste (open spaces and scrub of the forest), but the trickle of forest destruction threatened to turn into a flood in the 19th century after royalty had lost interest in protecting the woodland as a hunting reserve.The parish of Loughton covers an area of about 3,724 acres (15 km), but in 1996 some parts of the south of the old parish were transferred to Buckhurst Hill parish, and other small portions to Chigwell and Theydon Bois.

In the north-east is a post-war development being one of the London County Council's country estates.

In 1948 the line was electrified and transferred to London Transport to become part of the Central line on the London Underground.

The arrival of the railways also provided visitors from London with a convenient means of reaching Epping Forest and thus transforming it into the "East Enders' Playground".

(When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.) These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks.

The codes can sometimes be found on account statements.

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