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Frerichs Wants Feds to Turn Over Unclaimed Savings Bonds

State Treasurer Mike Frerichs wants the Federal Government to let them connect unclaimed US Savings Bonds to citizens in Illinois. He says that right now matured bonds are sitting unclaimed and that the Trump Administration is blocking legislation that would return those bonds to states to find the rightful owner.



Frerichs says there is about $1 billion in unclaimed bonds that would be coming to Illinois residents. And existing unclaimed property programs that Illinois already has would get those bonds to the rightful owners if federal laws would change.

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