Section 1: Livret A passbook savings accounts.

The annual expenses of the savings fund provided for inArticle L. 221-7 include : 1° The amount of interest and any additional remuneration due to depositors, in proportion to the share of deposits actually centralised in the fund; 2° The remuneration of institutions distributing passbooks whose deposits are wholly or partly centralised in the fund; 3° Reimbursement of costs incurred by Caisse des Dépôts et Consignations in managing deposits centralised…

Each year, remuneration for the guarantee granted by the State on deposits collected by credit institutions and centralised in whole or in part in the fund is deducted from the savings fund provided for in Article L. 221-7. The amount of this remuneration is set by decree after consultation with the Supervisory Board of Caisse des Dépôts et Consignations.