Watch CBS News

Pa. treasurer wants to return more than $4 billion of unclaimed property

Pennsylvania treasurer wants to return more than $4 billion of unclaimed property
Pennsylvania treasurer wants to return more than $4 billion of unclaimed property 00:58

HARRISBURG, Pa. (CBS) -- The Pennsylvania Treasury holds more than $4 billion worth of unclaimed property and some of it could be yours. Pennsylvania has joined a national effort to reunite people with their belongings.

About one in 10 residents have unclaimed money or valuables, an average of $1,500.

"That money stays in perpetuity for whoever the owner of the property was," Pennsylvania Treasurer Stacy Garrity said. "So for example, if they make a claim five years from now, that money will still be there for them."

The treasury distributed $211 million in unclaimed property last year but brought in an additional $317 million in valuables during that time.

The state treasury has upgraded its system on its website, making it easier to submit claims.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.