Treasurer of New Jersey v. United States Department of the Treasury
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
GREENBERG, Circuit Judge.
I. INTRODUCTION
In this action seven plaintiff States (“the States”) sought to recover proceeds of matured but unredeemed United States savings bonds from the United States Treasury (“the Treasury”).1 In addition to the Treasury, the States also named other United States Government entities and officials in their official capacities as defendants and we refer to all the defendants collectively as the “Government” or “Federal Government.” The States asserted that the Treasury has possession of approximately $16 billion worth of matured but unredeemed…
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