Written answers

Tuesday, 17 February 2009

Department of Finance

Financial Services Regulation

9:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 162: To ask the Minister for Finance his views on the National Treasury Management Agency establishing an investment product as a vehicle for credit unions to invest surplus deposits in the State for a certain rate of return. [5861/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I would like to draw the Deputy's attention to the fact that Irish Government bonds, for which the National Treasury Management Agency is responsible, allow organisations such as credit unions to invest in fixed-term, fixed-rate instruments which are part of the National Debt.

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