The following procedure shall govern deposits into the registry of the Court in all civil actions.
(a) RECEIPT OF FUNDS.
(1) Unless the statute requires the deposit of funds without leave of Court, no money
shall be sent to the Court or its officers for deposit into the Court's registry
without a court order signed by the presiding Judge in the case or proceeding.
(2) Unless provided for elsewhere in this Rule, all money ordered to be paid into the
Court or received by its officers in any case pending or adjudicated shall be
deposited with the Treasurer of the United States in the name and to the credit of
this Court pursuant to 28 U.S.C. 2041 through depositaries designated by the
Treasury to accept such deposit on its behalf.
(3) The party making the deposit or transferring funds to the Court's registry shall
serve the order permitting the deposit or transfer on the Clerk.
(b) INVESTMENT OF REGISTRY FUNDS.
(1) All funds deposited into the registry of the Court will be placed in some form of
interest bearing account. Unless otherwise ordered, the Court Registry
Investment System (CRIS), administered by the Administrative Office of the
United States Courts, shall be the investment mechanism authorized.
(2) Under CRIS, monies deposited in each case under (a)(1) will be "pooled" together
with those on deposit with the Treasury to the credit of other courts in the Court
Registry Investment System and used to purchase Government Account Series
securities through the Bureau of Public Debt, which will be held at Treasury, in an
account in the name and to the credit of the Director of the Administrative Office
of the United States Courts, hereby designated custodian for the Court Registry
Investment System.
(3) An account for each case will be established in the CRIS titled in the name of the
case giving rise to the investment in the system. Income received from fund
investments will be distributed to each case based on the ratio each account's
principal and income has to the aggregate principal and income total in the fund
each week. Weekly reports showing the income earned and the principal amounts
contributed in each case will be prepared and distributed to each court
participating in CRIS and made available to litigants and /or their counsel.
(c) REGISTRY INVESTMENT FEE.
(1) The custodian is authorized and directed by this Rule to deduct, for maintaining
accounts in CRIS, the registry fee. The proper registry fee is to be determined on
the basis of the rates published by the Director of the Administrative Office of the
United States Courts as approved by the Judicial Conference.
(2) No additional fee shall be assessed with respect to investments for which a fee has
already been deducted prior to the establishment of CRIS in this district.
