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Unclaimed Government Money

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New York agencies are holding $4.2 billion in over fifteen million separate accounts. Add another $2.6 billion from California agencies (with one million new accounts last year alone), and consider that together Florida agencies, Massachusetts agencies and Texas agencies contribute $2 billion more ... well pretty soon it starts to add up to real money! But this isn't just a "big state" phenomenon. It's happening everywhere! Minnesota agencies are holding 150,000 accounts. Oklahoma's agencies list of lost owners consumes 8,268 pages, a stack of paper 2 1/2 feet high! Even tiny Rhode Island agencies took in $10 million and added 6,000 names to its rolls in 1995 alone! And many of these accounts are worth big money. Last year Arizona agencies had claims of $254,301 and $165,755. A Louisiana citizen received a check for $1,026,738.49; but the Texas resident who recently collected $4,251,987 was luckiest of all! A conservative estimate is $1 trillion waiting to be reclaimed by eighty million owners. The total is growing by more than $7 million per day - over $2.5 billion per year - thanks to recent changes in the law.

Unclaimed government money Links

The National Unclaimed Property Database - Search for unclaimed money and property held by state and federal government agencies. Free, but requires registration.
AOL's Does the Government Owe You Money? - Free listing of all the state and federal databases to search for unclaimed property and money.

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