Forgotten Bank Accounts Canada

Irene: Experts say valley flooding likely to increase

To Garver, a Union College professor of geology who organizes the annual Mohawk Watershed Symposium, the frequency with which he hears that question is an indication of change. In recent decades, people who live in the Mohawk River watershed have experienced increased flooding, and they can expect this activity to continue, Garver said.

The main issue is the Schoharie Creek, which is discharging into the Mohawk River at a much higher rate than in the past. In an item written for this year’s Mohawk Watershed Symposium, held in the spring, he wrote, “Hydrological data suggest more water is entering the watershed in a variable and complex way. How do we plan for this? How do we manage a watershed that is changing?”

Hydrology is the scientific study of the properties and effects of water on the earth’s surface, in the soil and underlying rocks, and in the atmosphere.

Garver said that the Schoharie Creek’s higher rate of discharge can be attributed to an increase in storms such as hurricanes and nor’easters.

In a paper titled “Changes in the Hydrology of the Mohawk Watershed and Implications for Watershed Management,” Garver wrote, “The importance of these events is that they can result in locally very high precipitation in the headwaters of the Schoharie (up to 10 inches or more in a few recent events), and very little precipitation elsewhere in the basin. Thus we hypothesize that the most dramatic and significant change in the hydrology in the Mohawk watershed is related to Atlantic-tracking storms, which have had a significant effect on flooding in the southernmost part of the watershed.”

Getting wetter

“By all accounts, we have entered a wet phase in the history of the basin, by some metrics, the wettest in recorded history,” the paper says. “This wet phase is demonstrated by an increase in slope instability, bank erosion and sediment transport in the main channels and their tributaries.

Find Unclaimed Account Balances in Canada: Unclaimed Funds ...

The Canadian Central Bank and some credit unions have billions of dollars in unclaimed assets. Unclaimed dormant accounts and unclaimed money at Canadian banks are in the custody of the Bank of Canada. Unclaimed funds at credit unions may be under the custody of the credit union itself or at a central location in one of the provinces. Examples of unclaimed account balances held may include:

The Bank of Canada provides an automated tool to locate unclaimed funds. By visiting their website at bankofcanada.ca, people can learn if there is money held under their names. The unclaimed funds may have been turned in to the Bank of Canada after an account became dormant and the depository institution was unable to track the depositor. A claim form must be completed and documentation submitted to the Bank of Canada to receive unclaimed funds listed.

The Bank of Canada can be contacted via postal mail or by telephone to inquire about unclaimed balances. Individuals contacting the Bank of Canada should provide the name of the account holder, address and telephone number. Address and telephone number for unclaimed balances inquiries:

The Bank of Canada only holds unclaimed money deposited at regulated banks; money from credit unions that is not claimed goes to the head office of the credit union or is kept at the branch. Individuals should start by contacting the credit union’s branch where the account is held to locate unclaimed or forgotten funds.

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