Federal regulations under 31 CFR
210.11(b)(3)(i) clarify the reporting requirements for financial institutions (FIs) in the automated
reclamation process. To qualify for limited liability, an FI must report the name,
last known address, and phone number of any person who have withdrawn, or had authorization
to withdraw funds subject to reclamations. We must attempt to contact the last withdrawers
to request a refund of any funds due the agency.