Written answers
Tuesday, 17 February 2009
Department of Finance
Financial Services Regulation
9:00 pm
Michael 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]
Brian 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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