Treasurer Kennedy Says Its Now Easier for Owners to Find

BATON ROUGE, LA – In response to requests from several states, including Kansas and Louisiana, the U.S. Treasury Department has made it easier for citizens to find unclaimed federal savings bonds and interest payments, according to State Treasurer John Kennedy.

The department has created a Treasury Hunt Web link to help the owners of about 160,000 undeliverable bonds, undeliverable interest payments and matured Series E, H, and HH savings bonds claim their money.

This is a major step forward in the state’s efforts to return federal Unclaimed Property that is owed to Louisiana citizens, said Treasurer Kennedy. Im pleased that the federal government has made it a top priority to help people in our state and others get what is rightfully theirs.

According to the U.S. Treasury Department, about 15,000 savings bonds and 2,000 interest payments are returned each year when investors move or change accounts. The department also has information on $8 billion in bonds that are presumed to be abandoned, have matured and are no longer earning interest.

Thousands of people in Louisiana do not know that they have Unclaimed Property listed with the state, much less the federal government, said Treasurer Kennedy. The Internet, however, makes it possible for states to work with the federal government to reunite owners with their money.

To assist Louisiana citizens in their search for U.S. savings bonds, the Louisiana Department of the Treasury has added the Treasury Hunt link to its Web site, located at www.treasury.state.la.us. The link is located on the departments Unclaimed Property Search Page under For Federal Unclaimed Property Information.

Contact:
Sarah Mulhearn, Communication Director
(225) 342-0012