9. Post Office Savings Bank Deposits
| 2017 €000 |
2016 €000 |
||
|---|---|---|---|
| Post Office Savings Bank Deposits | 3,121,347 | 2,921,027 |
In 2017 €3,278,146 (2016: €2,657,810) was transferred from the Fund to the Dormant Accounts Fund under the Dormant Accounts Act, 2001. At 31 December 2017, a liability of €46,780,368 (2016: €44,020,938) remained following account reactivations of €562,003 (2016: €790,249) and the capitalisation of interest (net of DIRT) of €43,287 (2016: €33,715). If reclaimed by POSB depositors this is payable from the Dormant Accounts Fund. The POSB deposits of €3,121,346,788 (2016: €2,921,026,935) do not include this liability.