The New York Post reported today that the State of New York is holding about $16 Billion dollars in unclaimed funds. These funds mostly involve old bank accounts, uncashed checks, utility deposits, stocks, and insurance money that firms and the government are required to report to the state if they are not claimed by the rightful owners.

New York State has a policy of keeping dollar amounts confidential to everyone except for payees.

Although the vast majority of funds held are small amounts, there have been claims as big as $5.2 million dollars.