Each individual federal agency maintains its own records.
This is fact.
And we have even tried to aggregate all of the unclaimed fund accounts from municipal, state and federal agencies, only to be met with resistance from many of these departments.
The statutes surrounding the escheatment of unclaimed funds is conceptually sound - the government acts as a custodian to protect the citizen from a private institution from absconding with money or assets to which they are the owner; and functionally many agencies do a great job returning these funds.
But it is only through professional recovery entities such as Fletcher Recovery Group LLC that most individuals are notified of the existence of unclaimed funds.
Fletcher Recovery Group LLC provides exhaustive outreach efforts,. Although designed to acquire new customers for recovery services, these solicitations also serve to notify numerous individuals to the existence of their unclaimed funds.
We always provide all of the information one needs to make an informed decision as to whether they want to hire a professional recovery service, or attempt the recovery effort on their own.