Unclaimed funds in bank accounts, at least a minor headache for bankers all over the country, have begun causing acute political pain in Kentucky. State Treasurer John Kennedy Hamilton has hired an auditing firm to examine the records of hundreds of financial institutions, and the bankers are up in arms.

The auditors' mission is to find cash and property that the banks, under the escheat law, are supposed to turn over to the state after seven years of inactivity.

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