(Washington, DC) The Office of Finance and Treasury (OFT) today released its list of unclaimed property collected during the past six months, which totals more than $11.1 million in cash and a total value of more than $6 million in stock. An advertisement will appear in The Washington Times on February 19 and in The Washington Post on February 26 to increase the public’s awareness of these assets.
“The District government is working aggressively to reunite people with their assets,” said District Treasurer N. Anthony Calhoun. “Some organizations may charge a ‘finders fee’ to locate your unclaimed property. The good news – the District government provides this service at no cost to you.”
Unclaimed property consists of money and other personal assets that are considered lost or abandoned when an owner cannot be located after a specified time frame, usually three years. Abandoned property includes unpaid wages, certificates of deposit, jewelry, paid life insurance policies, utility deposits, gift certificates, Christmas club accounts, and stocks. OFT’s Unclaimed Property Unit receives unclaimed property from banks, insurance companies, utility companies, hospitals, universities, and other entities.
To learn how to reclaim property or to search the unclaimed property database, visit the agency’s website or call (202) 442-8181. To invite an unclaimed property representative to your community event, email Elliott Kindred, director of the Unclaimed Property Unit.
In the last year, OFT has returned more than $7.5 million in unclaimed property to its rightful owners.