Mary Upton (Dublin South Central, Labour)
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Question 72: To ask the Minister for Finance his views on the evolution of the deposit base of Irish banks since the beginning of 2009; the borrowing by Irish banks from the European Central Bank; and if he will make a statement on the matter. [27983/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I refer to my answer to Question No. 121 of 13 May 2009.

As I set out in that answer, data on the deposit base of bank offices resident in Ireland is published in the Monthly Statistics and Quarterly Bulletins of the Central Bank and Financial Services Authority of Ireland (CBFSAI).

The latest available monthly statistics (May 2009) indicates that total deposits held in credit institutions reporting to the CBFSAI for statistical purposes is €276.2 billion (includes a total of €170.4 billion in deposits held by Irish residents). The aggregate level of deposits has declined by approximately €13 billion from the end of December 2008 to the end of May 2009, over half of which is accounted for by non-resident deposits. In May, overnight and short-term deposits increased whereas deposits for a longer maturity (i.e. up to two years) declined.

Credit institutions located in the State may avail of liquidity funding from the European Central Bank and as at 29 May 2009 a total of €118.1 billion in liquidity was borrowed by credit institutions reporting to the CBFSAI. While the monthly level of borrowing increased from January to March, it decreased in April and May. The Deputy will note that this data relates to all credit institutions reporting to the CBFSAI for statistical purposes so includes foreign owned institutions, including those based in the IFSC, as well as Irish-owned institutions.