Lost, Forgotten, and Unclaimed Savings Bonds.
Millions of Americans are holding more than 35 million U.S. Savings Bonds that have fully matured. Some have lost bonds. Others have forgotten about their bonds. Still others think their bonds continue to earn interest. The value of these bonds is nearly $15 billion and continues to rise.
When savings bonds are sold, the Bureau of the Public Debt collects the name and address of the bond owner. These names and addresses are literally buried within five billion microfilm issuance records. The vast majority of microfilm records are not indexed and practically inaccessible. As a result, nobody is actively searching for the owners of more than 35 million matured unredeemed savings bonds. It’s up to owner, beneficiary, or rightful heir to start the search.