(a) Order of Deposit: Interest-Bearing Account. Whenever the Court orders that money deposited into
Court shall be deposited by the clerk in an interest-bearing account, the party seeking the order shall
forthwith personally serve a copy of such order upon the Clerk of Court or the Chief Deputy Clerk.
(b) Order of Deposit - Failure to Serve. Failure of the party seeking an order of deposit to an interest-
bearing account to personally serve the Clerk of Court or Chief Deputy Clerk with a copy of the order
shall release the Clerk of Court from any liability for loss of interest upon the money subject to the order
of deposit.
(c) Deposit of Money - FDIC or FSLIC Institution. Unless otherwise ordered by the Court, the clerk shall
deposit money pursuant to an order of deposit in any institution insured by the Federal Deposit
Insurance Corporation or the Federal Savings and Loan Insurance Corporation. The clerk may also invest
such money in United States treasury bills.
(d) Prompt Deposit of Money. The clerk shall deposit the money pursuant to an order of deposit as
soon as practicable following service of a copy of the order by the party seeking the order.
(e) Forms of Standard Orders of Deposit. The following forms of standard orders shall be used for
deposit of registry funds into interest-bearing accounts:
(1) IT IS ORDERED that the clerk deposit the amount of $_______ in an interest-bearing account,
said funds to remain on deposit pending further order of the Court.
IT IS FURTHER ORDERED that counsel presenting this order personally serve a copy thereof on
the Clerk of Court or the Chief Deputy Clerk. Absent the aforesaid service, the Clerk of Court is
hereby relieved from any personal liability relative to compliance with this order. (NOTE: To
comply with this order, the clerk will determine the particular banking institution and type of
account to be utilized. Generally, the account will be a passbook account.)
(2) IT IS ORDERED that the clerk deposit the amount of $_______ in a (specify type of account
and term, i.e., sixty (60) day time certificate, treasury bill, passbook, etc.) at (name and address
of bank or savings and loan) said funds to remain on deposit pending further order of the Court.
IT IS FURTHER ORDERED that [name(s) and address(es)] is/are the designated beneficiary or
beneficiaries, and [name(s) and address(es)] is/are the custodian or custodians of the passbook
or certificate of deposit. The form of additional collateral to be posted by the private institution
in the event that the standard FDIC or FSLIC coverage is insufficient to insure the total amount of
deposit is (state form of additional collateral).
IT IS FURTHER ORDERED that counsel presenting this order personally serve a copy thereof on
the Clerk of Court or the Chief Deputy Clerk. Absent the aforesaid service, the Clerk of Court is
hereby relieved of any personal liability relative to compliance with this order.
