Case 1:00-mc-00308 Document 48 Filed 01/24/13 Page 1 of 2
IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF MARYLAND
INRE: *
DEPOSIT AND INVESTMENT * MISC. NO. 00-308
OF REGISTRY FUNDS *
******
STANDING ORDER 2013-01
Pursuant to Local Rule 508, and to adopt local procedures to ensure uniformity in the
deposit and investment of funds in the Court's Registry, it is hereby
ORDERED that the following shall govern the receipt, deposit and investment of
registry funds:
I. Receipt of Funds
A. No money shall be sent to the Court or its officers for deposit in the Court's registry
without a court order signed by the presiding judge in the case or proceeding.
B. 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 of Court.
C. Unless provided for elsewhere in this Order, all monies ordered to be paid to 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. S 2041 through depositories designated by the Treasury to accept such deposit on
its behalf.
II. Investment of Registry Funds
A. Where, by order of the Court, funds on deposit with the Court are to be placed in some
form of interest-bearing account, the Court Registry Investment System ("CRIS"),
administered by the Administrative Office of the United States Courts under 28 U.S.C.
S 2045, shall be the only investment mechanism authorized.
B. The Director of Administrative Office of the United States Courts is designated as
custodian for CRIS ("the custodian"). The Director or the Director's designee shall
perform the duties of custodian. Funds held in the CRIS remain subject to the control and
jurisdiction of the Court.
C. Money from each case deposited in the CRIS shall be "pooled" together with those on
deposit with Treasury to the credit of other courts in the CRIS and used to purchase
Government Account Series securities through the Bureau of Public Debt, which will be
Case 1:00-mc-00308 Document 48 Filed 01/24/13 Page 2 of 2
held at Treasury, in an account in the name and to the credit of the Director of
Administrative Office of the United States Courts. The pooled funds will be invested in
accordance with the principles of the CRIS Investment Policy as approved by the
Registry Monitoring Group.
D. 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 fund. Income generated from fund investments will
be distributed to each case based on the ratio each account's principal and earnings has to
the aggregate principal and income total in the fund. Reports showing the interest earned
and the principal amounts contributed in each case will be prepared and distributed to
each court participating in the CRIS and made available to litigants and/or their counsel.
III. Deductions of Fees
A. The custodian is authorized and directed by this Order to deduct the investment services
fee for the management of investments in the CRIS and the registry fee for maintaining
accounts deposited with the Court.
B. The investment services fee is assessed from interest earnings to the pool according to the
Court's Miscellaneous Fee Schedule and is to be assessed before a pro rata distribution of
earnings to court cases.
C. The registry fee is assessed by the custodian from each case's pro rata distribution of the
earnings and 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
of the United States.
IV. Transition From Former Investment Procedure
A. The Clerk of Court is further directed to develop a systematic method of redemption of
all existing investments and their transfer to the CRIS.
B. This Order supersedes and abrogates all prior orders of this Court regarding the deposit
and investment of registry funds, including but not limited to Miscellaneous Order No.
2098 (Sept. 27, 1990).
IttJ~/t.U~~-=/
Deborah K. Chasanow, Chief Judge
United States District Court
2
