Maureen O'Sullivan (Dublin Central, Independent)
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Question 324: To ask the Minister for Community, Rural and Gaeltacht Affairs the amount of money that remains in dormant accounts; and if he will make a statement on the matter. [8832/10]

Éamon Ó Cuív (Galway West, Fianna Fail)
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The Dormant Accounts Acts provide 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 April 2003 to the end of December 2009, transfers to the DAF have totalled some €513.9m. Funds reclaimed by account holders for the same period have amounted to some €185.1m. The value of the DAF at the end of December 2009, net of liabilities, was some €41.5m. This figure excludes €49.4m maintained in a Reserve Account to meet future reclaims by account holders and to cover expenses associated with the operation of the Fund.

Full details of the financial position of the DAF and of the individual grants and organisations that have been approved for support and their geographical location are available on my Department's website at www.pobail.ie