9. Post Office Savings Bank Deposits

Post Office Savings Bank Fund

2015
€'000
2014
€'000
Post Office Savings Bank Deposits 2,763,939 2,670,290

In 2015 €3,570,517 (2014: €2,226,367) was transferred from the Fund to the Dormant Accounts Fund under the Dormant Accounts Act, 2001. At 31 December 2015, a liability of €42,612,249 (2014: €38,933,835) remained following account reactivations of €468,202 (2014: €730,147) and the capitalisation of interest (net of DIRT) of €42,859 (2014: €59,350). If reclaimed by POSB depositors this is payable from the Dormant Accounts Fund. The POSB deposits of €2,763,939,004 (2014: €2,670,289,962) do not include this liability.

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