Ruairi Quinn (Dublin South East, Labour)
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Question 72: To ask the Minister for Community, Rural and Gaeltacht Affairs the amount currently in the Dormant Accounts Fund; if he has an estimate of the amount which will be paid into the fund; and if he will make a statement on the matter. [23859/09]

Éamon Ó Cuív (Galway West, Fianna Fail)
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The Dormant Accounts Fund Acts provides for an annual transfer by credit institutions and insurance undertakings of monies in accounts determined to be dormant into the Dormant Accounts Fund (DAF).

Since its establishment in May 2003, the net transfers to the Dormant Accounts Fund has been just over €338m. Transfers to the end of April 2009 total some €39m. The value of the Fund at end April 2009, net of liabilities, was some €52m. This excludes around €50m maintained in a Reserve Account to meet future reclaims by account holders and to cover expenses associated with the operation of the Fund.