Written answers

Thursday, 17 July 2014

Department of Finance

State Savings Schemes

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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125. To ask the Minister for Finance the amount of money currently managed by the National Treasury Management Agency through the various State savings products; if he will provide a breakdown of the overall amount by the type of product, savings bonds, savings certificates, national solidarity bond and so on; the way the money is managed; and if he will make a statement on the matter. [32475/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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State Savings is the brand name used by the National Treasury Management Agency (NTMA) to describe the range of Government savings products offered by the NTMA to personal savers. All State Savings money form part of the sovereign debt of Ireland, the repayment of which is a direct, unconditional obligation of the State.

The NTMA has advised that the total value of State Savings at end-June 2014 is €18.7 billion and the breakdown by product is as follows:

-           € million
Savings Bonds  5,198
Savings Certificates6,105
Instalment Savings (including Savings Stamps) 478
National Solidarity Bonds       2,165
Deposit Accounts  2,667
Prize Bonds2,065
TOTAL18,678

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