Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael Walsh:
Well, as a stand-by facility, because, you know, at that point in time, as I say, the society had about €4 billion of cash, you know, on deposit. It, in total, I think had, you know, on the other side, you know, €8 billion of deposits from customers. So potentially, you know, if every single one of those deposits, you know, had been redeemed, you know, there would have been a shortfall in terms of cash-on-hand of about €4 million ... or €4 billion, sorry.
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