Unclaimed Postal Savings System Deposits: Hearing, Ninety-second Congress, First Session, on H.R. 135 ... March 24, 1971 |
Common terms and phrases
135 would authorize 91st Congress accrued interest active accounts amounts of unclaimed available amounts behalf of depositors BEVILL bill Bureau of Accounts Chairman CONG CONGRES LIBRARY CONGRES THE LIBRARY CONGRESS CONGRESS CONGRESS LIBRARY CONGRESS THE LIBRARY court judgment D.C. DEAR deposit of available DERWINSKI distribution balance dollar amount DULSKI Enactment of H.R. escheat law GREENFIELD Guam HANLEY inactive accounts JOHNSON judgment of escheat jurisdictions of deposit LIBR LIBRA LIBRARY OF CONGRES LIBRARY OF CONGRESS liquidation Management and Budget March 28 million Office and Civil Office of Management payment percent PIERCE Post Office Department Postal Savings System principal and accrued principal balances provide for periodic Puerto Rico rata distribution rata share remaining principal retention balance Robert N. C. Nix Savings System deposits Secretary section of H.R. SOKOL subcommittee Thank trust fund account U.S. Treasury Department unclaimed accounts unclaimed deposits unclaimed funds unclaimed Postal Savings unpaid principal York
Popular passages
Page 14 - Department, which shows the account number, the post office of deposit, the depositor's name, and the unpaid principal for unclaimed inactive accounts with principal balances of $3 or more. (2) The individual account cards of depositors at post offices in that State, which show addresses and account transactions, covered by the list, when notified by the State's Attorney General that these cards are needed to initiate judicial proceedings for the escheat of unclaimed accounts of depositors whose...
Page 16 - ... dollar amount of the principal of the unclaimed deposits remaining as of each determination, which had been deposited in the post offices of the given State or other jurisdiction of deposit, as the case may be, according to the records of the former Postal Savings System and the Treasury Department, and (2) the dollar amount of the principal of the total remaining deposits. All determinations made by the Secretary of the Treasury under this subsection shall be final and conclusive and not subject...
Page 13 - USC231. § 257.3 Applications by States. (a) Entitlement. The Treasury Department will recognize and pay a claim by a State for unclaimed postal savings accounts, made in conformity with these regulations, where the State has obtained a State court judgment of escheat transferring to the State the right and title, as owner, to unclaimed deposits of persons whose last known addresses were in that State, under a State escheat law applicable to private funds held by Federal officials for their rightful...
Page 14 - Department to applicants for Postal Savings System (hereinafter referred to as the System) accounts from the total amount of unpaid deposits, including the accrued interest due thereon, as shown by the books of the Board of Trustees of the Postal Savings System, transferred to the Secretary of the Treasury and held in trust for liquidation by payment to proper claimants pursuant to section 1 of the Act of March 28, 1966 (39 USC Supp.