Dáil Éireann Debate, Wednesday - 6 February 2013
77. Deputy Simon Harris asked the Minister for Finance the amount of money held on deposit or in short-term bank investments by each Government or State agency or body under his Department's remit; the rate of interest at which these deposits are held; and if he will make a statement on the matter. [6335/13]
View answerIn response to the Deputy’s question I have received the following information in relation to bodies under the aegis of my Department. Irish Bank Resolution Company (IBRC)
At 30 June 2012 IBRC held €0.2Bn of short term interbank placements and nostro accounts of which €0.1Bn is placed with entities covered under the Eligible Liabilities Guarantee (ELG) scheme (see note 17 page 42 of 2012 Interim Report). The weighted average interest rate at 30 June 2012 for these short term deposits was 0.18%.
National Assets Management Agency
I have been informed by the National Asset Management Agency that the information requested by the Deputy is available in National Asset Management Agency’s unaudited quarterly accounts, for the quarter ending 30th September 2012 which were recently laid before the houses of the Oireachtas in accordance with Section 55 of the NAMA Act, this information can also be found on the Agency’s website.
Office of the Revenue Commissioners
I am advised by the Revenue Commissioners that they do not invest money on deposit or in short term bank investments. Any balances held in Revenue Bank Accounts are amounts held pending completion of processing through Revenue's accounting systems. The amount held varies on a daily basis.
