The following procedures apply to deposits into the registry of the court in civil actions.
(a) Receipt of Funds
(1) No money may be sent to the court or its officers for deposit into the court’s registry
without an order by a judicial officer.
(2) All money 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. § 2041 through
depositories 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 to the clerk.
(b) Investment of Registry Funds
(1) Funds on deposit with the court will be placed in interest-bearing instruments in the
Court Registry Investment System (CRIS) administered by the Administrative
Office of the United States Courts, which is the only investment mechanism
authorized.
(2) Under CRIS, monies deposited in each case under S. D. Ohio Civ. R. 77.2(a) shall
be “pooled” together with those on deposit with the Treasury to the credit of other
courts in CRIS 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 CRIS.
(3) An account for each case will be established in CRIS titled in the name of the case
giving rise to the investment in the fund. Income generated from fund investment
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 CRIS and made available
to litigants and/or their counsel.
(c) Deductions of Fees
(1) The custodian is authorized and directed by this rule to deduct the registry fee for
maintaining accounts in CRIS and the investment service fee for the management
of investments. 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 as
approved by the Judicial Conference. The investment services fee is assessed from
interest earned according to the court’s Miscellaneous Fee Schedule.
(2) If registry fees were assessed against the case under the old 45-day requirement
prior to deposit in CRIS, no additional registry fee will be assessed.
