WASHINGTON The Federal Deposit Insurance Corp. announced Monday that it had launched a Web site that lets users search a database of unclaimed funds from failed banks or thrifts.
The database contains information on unclaimed insured deposits for financial institutions that were closed by the government between Jan. 1, 1989, and June 28, 1993, and for which the FDIC was appointed as a receiver. In accordance with a 1993 law, unclaimed deposits for receiverships after that date go to the state of the depositors last known address. If that address is unknown, the funds revert to the state of the failed institution.
The database also includes dividend checks sent by the FDIC that were undeliverable for all active receiverships, and the Web page includes a form for depositors who find unclaimed funds. The address is www2.fdic.gov/funds/index.asp.
