Brian Lenihan Jnr (Dublin West, Fianna Fail)

I can give the Deputy figures for the total covered liabilities for each scheme, which may be of assistance to him. The total covered liabilities under the original CIFS scheme were €103 billion, of which retail and corporate deposits were €31 billion. The total covered liabilities on the ELG scheme are €153 billion, of which retail and corporate deposits are €121 billion. However, the information Deputy Noonan is seeking to elicit is the liabilities guaranteed under the original scheme which are no longer guaranteed now that the scheme has expired. Asset covered securities and dated subordinated debt are not eligible liabilities under the terms of the new scheme and are no longer guaranteed, as of today. Also, any term deposits taken or debt issued before the participating institution joined the scheme in the beginning of 2010 and which has an expiry date that falls after the 29 September 2010 is no longer guaranteed after 29 September. Undated subordinated debt was never guaranteed.

The amount of dated subordinated debt and senior debt issued before September 2008 and which will remain on the books of the six covered institutions is as follows: subordinated debt €5.3 billion; and senior debt €25.88 billion.

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