Step 1: Use the formulas for capacitance in series and parallel.
For capacitors in series, the total capacitance \( C_s \) is given by:
\[
\frac{1}{C_s} = \frac{1}{C_1} + \frac{1}{C_2}
\]
For capacitors in parallel, the total capacitance \( C_p \) is:
\[
C_p = C_1 + C_2
\]
Step 2: Solve the system of equations.
From the given information, we have the following equations:
\[
\frac{1}{3} = \frac{1}{C_1} + \frac{1}{C_2} \quad \text{and} \quad C_1 + C_2 = 16
\]
Solving these equations gives \( C_1 = 12 \, \mu\text{F} \) and \( C_2 = 2 \, \mu\text{F} \).
Final Answer:
\[
\boxed{12 \, \mu\text{F}, 2 \, \mu\text{F}}
\]