The Public Accounts Committee is considering the Comptroller and Auditor General's annual report on the National Pensions Reserve Fund for 2008.
Labour's Spokesperson on Social and Family Affairs Róisín Shortall asked about the €7bn given to re-capitalise the banks.
€4bn came from the National Pension Reserve Fund and €3bn from the Exchequer. Deputy Shortall asked where the €3bn came from.
The Department Finance's Secretary General, Ciarán Connolly, said he was not exactly sure and he would have to check if it was borrowed.
Committee Chair Bernard Allen asked him to get this information as soon as possible.
On the issue of the return to the State from the €7bn, John Corrigan, CEO, National Treasury Management Agency, explained that there is to be an 8% return on the €7bn.
He said there is a 'coupon' for the 8% and that Bank of Ireland is due to pay this on 20 February 2010 and AIB is to pay on 13 May 2010, amounting to €280m each.
But he said that because the viability plans for both banks are being reviewed by the European Commission - because they were in receipt of State aid - they are not likely to be able to pay these 'coupons' on those dates.
Deputy Shortall said this is public money and when would the coupons therefore be paid.
Mr Corrigan said he did not know. It depended on how quickly the Commission carried out its analysis, he added.
