Is there any news regarding the unclaimed property?
Tough times compel people to rein in spending, cancel pricey subscription services like premium cable, mail in product rebate receipts, and collect food coupons. But the aggregate savings from those activities could end up looking like pocket change compared to billions of dollars in unclaimed property being held in state controllers’ and the U.S. Treasury’s coffers. The Bureau of Public Debt, part of the U.S. Treasury Dept., says more than $16.6 billion worth of unredeemed U.S. savings bonds have matured and are no longer earning interest. The bureau has established a Web site, www.treasuryhunt.gov, for people to search for a missing bond by the original owner’s Social Security number. Most people don’t realize that even if the original holder of a bond has died, their heirs can still redeem it. Heirs can download a series of documents from www.treasurydirect.gov that en