Growth savings bonds?

Question

After my father passed away, and I cleaned out the house, I found two savings bonds left for me from my grandmother. My grandmother was from Queens, New York.

They read:

County Federal Savings & Loan Association

Non-Transferable

Growth Savings Bond

The dates are: 5/7/82 - 5/7/92 for the $50 bond with a 9.03%

The dates are: 4/7/81 - 4/7/91 for the $25 bond with a 9.03%

I've been trying to track down this bank. Banks come and go, get bought, merge, etc.. It has been near impossible to get information on finding these accounts.

The bond also reads: "Upon maturity, accounts in this classification will be converted to a regular savings account and receive earnings at the rate then paid on a regular savings account.

Does anyone have any information about how to track down these accounts?

Answer 1

The accounts both appear to have been inactive for over 15 years.  Most states require accounts that have been inactive for 7 years to be turned over to the state.  You can reclaim the funds if you can prove ownership.  Search on-line for 'NY unclaimed funds'.  Look for a hit ending in 'state.ny.us'  That will be an official website of the State of New York.  Most states allow you to search on-line.

Answer 2

I suggest that you contact the office of the State Bank Commissioner. They can assist.