The House Banking Committee's financial institutions subcommittee is scheduled to meet Thursday to examine the conflicting claims of states and federal bank liquidators over abandoned deposits in failed depository institutions.

Under most state laws, abandoned property at banks and thrifts is turned over to state treasuries. Property is considered abandoned when bank or thrift officials are unable to locate the owner for a period of several years.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.