Dáil Éireann Debate, Thursday - 16 May 2013
113. Deputy Michael McGrath asked the Minister for Finance if he will set out in tabular form the total amount of funds held in deposit accounts at An Post at the end of each year from 2008 to 2012; and if he will make a statement on the matter. [23571/13]
View answer114. Deputy Michael McGrath asked the Minister for Finance if he will set out in tabular form the total amount of funds held in An Post saving certificates and savings bonds at the end of each year from 2008 to 2012; and if he will make a statement on the matter. [23572/13]
View answerI propose to take Questions Nos. 113 and 114 together.
State Savings is the brand name used by the National Treasury Management Agency (NTMA) to describe the range of savings products offered by the State to personal savers. An Post is an agent of the NTMA in respect of the sale of the State Savings product range which includes Savings Bonds, Savings Certificates, Instalments Savings, National Solidarity Bonds, Prize Bonds and Deposit Accounts.
An Post does not retain or manage any State Savings, all of which vest in the Minister for Finance. Accordingly, State Savings are not included in the financial statements of An Post.
The NTMA has advised that the level of outstanding Savings Bonds, Savings Certificates and Deposit Accounts in the years 2008 to 2012 are as follows-
€m AMOUNT OUTSTANDING AT END:
|
State Savings Product |
2008 |
2009 |
2010 |
2011 |
2012* |
|
Savings Bonds |
1,952 |
2,761 |
4,239 |
4,782 |
5,568 |
|
Savings Certificates |
2,533 |
3,104 |
3,957 |
4,233 |
4,791 |
|
Deposit Accounts |
1,771 |
1,892 |
2,342 |
2,518 |
2,774 |
*2012 figures are provisional, unaudited figures.
