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For Immediate Release

January 20, 2016

PA Treasury Returns More than $136 Million in Unclaimed Property in 2015

Currently Seeking Rightful Owners of Another $2.5 Billion

Harrisburg – The Pennsylvania Treasury reunited thousands of Pennsylvanians with a record $136.3 million in property and money in 2015 bringing the total value of money and items returned since July 1, 2005 to more than $1.l billion. Additionally, Treasury collected a record $672.7 million in dormant and forgotten property last year, a 126 percent increase over 2014.

“In 2015, the Pennsylvania Treasury collected and returned more unclaimed property than any other year. Approximately one in ten Pennsylvanians have unclaimed property and Treasury’s goal is to reconnect as many people as possible with property and funds that are rightfully theirs. By all accounts 2015 was a record year.”

Timothy A. Reese, State Treasurer

Overall, since July 1, 2005, Treasury has collected more than $2.6 billion in property and returned more than $1.1 billion to rightful owners. Treasury currently seeks the owners of $2.5 billion in unclaimed property in its possession.

Every year, Treasury receives millions of dollars in unclaimed property – items such as abandoned bank accounts, forgotten stocks, uncashed checks and contents of safety deposit boxes. The property remains available to be claimed by the owners or their heirs in perpetuity. Treasury serves as the custodian of unclaimed property until it can find and verify its rightful legal owner.

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