Dáil Éireann Debate, Wednesday - 16 December 2009
115 Deputy Billy Timmins asked the Minister for Finance if his attention or that of the Financial Regulator was drawn to the €6 billion deposit by Irish Life and Permanent with Anglo Irish Bank either before or at the time it occurred; if Bank of Ireland or Allied Irish Banks had been approached to provide this funding; and if he will make a statement on the matter. [47482/09]
View answerI am advised by the Financial Regulator that the matter raised by the Deputy has been referred to the Garda Síochána for investigation. Accordingly, the Deputy will appreciate that I am not in a position to comment on the matter at this time whist the investigation is on-going.
116 Deputy Billy Timmins asked the Minister for Finance if there is €14 billion more on deposit in Irish banks than there was at the peak of the boom (details supplied); and if he will make a statement on the matter. [47486/09]
View answerI understand that the period referred to by the Deputy as the ‘peak of the boom' is intended to refer to June 2007. I am informed by the Central Bank that the figures which indicate that the amount of non-bank private sector deposits held at credit institutions' Irish resident offices (item 5, Table C3 in the CBFSAI Monthly Statistics and Quarterly Bulletins) was €280 billion at end October 2009. The equivalent figure for June 2007 is €292 billion (Table 3). Part of the decline in deposits over this period is due to technical factors not related to the underlying level of business, while most of the decline is due to actual transactions.
Most of the fall in total deposits is concentrated among "rest of the World" depositors. Deposits held by Irish residents have fallen by less than €1bn from June 2007 to October 2009. These figures are available monthly in the Central Bank's monthly statistics publication and in their quarterly bulletins which are available on-line at
http://www.centralbank.ie/frame_main.asp?pg=sta_late.asp&nv=sta_nav.asp
