Central Treasury Service

The Central Treasury Service (CTS) takes deposits from and makes advances to Local Authorities, Health Boards and Vocational Education Committees (VEC's). During 2007 this was extended to include all non-commercial State bodies. The objective of the CTS is to provide these bodies with a competitive alternative to the banking industry for their treasury business and to make savings for the Exchequer.

During 2007 lending to designated bodies, both long and short-term averaged approximately 33 million euro. There were 770 deposits placed with the CTS during 2007, and the daily average amount on deposit was 84 million euro.