Written answers
Wednesday, 10 November 2010
Department of Finance
Bank Guarantee Scheme
9:00 pm
Brian Hayes (Dublin South West, Fine Gael)
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Question 134: To ask the Minister for Finance the amount of demand deposits, interbank lending, senior debt, subordinated debt, total wholesale funding, retail deposits, total funding, deposit protection and total liabilities covered by the bank guarantee when the guarantee was introduced and at the most recently available date; the amount of funding provided to these banks by the European Central Bank at each of these dates; and if he will make a statement on the matter. [41761/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy is aware, the Credit Institutions (Financial Support) Scheme (CIFS) expired on 29 September 2010.
Subordinated debt and secured debt are not covered under the ELG Scheme.
At the end of September 2008, a total of €375.25 billion was covered by the CIFS. The most recent figures available from the Central Bank are those for the end of September 2010, and total €146.7 billion covered by the ELG.
The breakdown of the total liabilities is commercially sensitive information and it would not be appropriate for me as Minister for Finance to provide the information in that format.
I have no function in regard to the level of ECB lending as this is a matter for the ECB and the associated national central banks. It would be inappropriate for Ministers to comment on specific institutions in that regard.
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