 The banks' position was that the settlement demands were grossly out of proportion to the value of unclaimed assets, and the Swiss government's position was that negotiations relating to laundering of assets looted by the Nazis were settled during previous agreements with the Allied governments and could not be reopened, because no new historical information had come to light.Audits of dormant accounts ordered by the Swiss government in 1962 and 1995 showed a total of $32 million (1995 dollars) in unclaimed war-era accounts.The WJC rejected initial offers from the banks and demanded payment of $1.8 billion to settle the lawsuit.