Mr. Jim Connolly:

The dormant deposit instrument was the catalyst for placing an obligation on banks to address the property they held. Mr. Jordan is right. If an obligation was placed on the banks to catalogue exactly what they hold, it would give the State the opportunity to examine the property and assess ownership under the National Monuments Act, for example. It does not have to use the Dormant Accounts Act to claim ownership of some of the property, but there must be a catalyst to force the institutions to catalogue the property in the first place. I still believe the dormant deposit legislation would be a nice conduit to achieve that goal.