Luke Flanagan (Roscommon-South Leitrim, Independent)
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104. To ask the Minister for Finance if he will clarify what will happen to the €500 million that will be taken in by the Central Bank of Ireland when the first bond is sold this year; and if he will make a statement on the matter. [16239/14]

Luke Flanagan (Roscommon-South Leitrim, Independent)
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105. To ask the Minister for Finance if he will clarify what will happen to the subsequent €24.5 billion taken in by the Central Bank of Ireland as the remaining bonds are sold; and if he will make a statement on the matter. [16240/14]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 104 and 105 together.

The Central Bank of Ireland is independent in the exercise of its functions and the management of it's investment holdings are a matter for the bank themselves, neither I nor the Department of Finance have any role in the matter.

The Central Bank normally reports in detail on its balance sheet only at annual intervals. The Central Bank annual report for 2013 is expected to be published at end-April.