Written answers
Tuesday, 16 October 2012
Department of Environment, Community and Local Government
Departmental Banking
Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Environment, Community and Local Government if he will provide, in tabular form if possible, a list of the bank accounts used by his Department and separately any agencies within the remit of his Department; the purpose of each bank account and the financial institution the bank account is with; the total amount of any interest charged or bank fees incurred by his Department and separately by each agency in 2011 and anticipated figure for 2012; the percentage of payments issued by his Department and each agency which are issued electronically and if the Department agency has any special arrangement in place on the issue of bank charges and fees; and if he will make a statement on the matter. [44848/12]
Phil Hogan (Carlow-Kilkenny, Fine Gael)
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The information requested in relation to bank accounts used by my Department is set out in the following tables:
Vote accounts
- | - | - | Interest Charged /Fees | |
|---|---|---|---|---|
| Financial institution | Account | Purpose | 2011 | 2012 (est) |
| AIB * | EFT account | To facilitate the processing of electronic payments for the Department’s Vote | €3,239 | €2,300 |
| Ulster Bank | Number 1 account | To facilitate the transmission of income to the Central Bank | Nil | Nil |
| Ulster Bank | Number 2 account | To maintain an interest free deposit in lieu of bank fees and also to handle any Departmental credit card debits | Nil | Nil |
| Bank of Ireland | Met É ireann | To facilitate the direct payment for weather reports, services, etc. by Met Éireann customers | €4,250 | €3,500 |
* Interest earned by Department on cleared overnight balances.
Environment Fund accounts
| - | - | - | Interest Charged /Fees | |
|---|---|---|---|---|
| Financial institution | Account | Purpose | 2011 | 2012 |
| Bank of Ireland | Number 1 account | To facilitate the lodgement of income to the Fund and also to maintain an interest free balance in lieu of bank fees | Nil | Nil |
| Bank of Ireland | Number 2 account | To facilitate the processing of payments from the Fund | Nil | Nil |
| Housing Finance Agency | Environment Fund | Fund balances are retained in this interest bearing investment account | Nil | Nil |
Local Government Fund accounts
| - | - | - | Interest Charged /Fees | |
|---|---|---|---|---|
| Financial institution | Account | Purpose | 2011 | 2012 |
| Permanent TSB | Number 1 account | To facilitate the lodgement of income to the Fund and also to maintain an interest free balance in lieu of bank fees | Nil | Nil |
| Permanent TSB | Number 2 account | To facilitate the processing of payments from the Fund | Nil | Nil |
| National Treasury Management Agency | Local Government Fund | Fund balances are retained in this interest bearing investment account | Nil | Nil |
99% of all payments made by my Department are issued electronically.
Information in this regard in respect of agencies is a matter for the bodies concerned.
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