In 2016 €2,657,810 (2015: €3,570,517) was transferred from the Fund to the Dormant Accounts Fund under the Dormant Accounts Act, 2001. At 31 December 2016, a liability of €44,020,938 (2015: €42,612,249) remained following account reactivations of €790,249 (2015:€468,202) and the capitalisation of interest (net of DIRT) of €33,715 (2015: €42,859). If reclaimed by POSB depositors this is payable from the Dormant Accounts Fund. The POSB deposits of €2,921,026,935 (2015: €2,763,939,004) do not include this liability.

< NOTE 8

NOTE 10 >