⚠ Recovered from a scanned original by OCR — check the official PDF before quoting exact language.
FILED
SEP 2 8 2016
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF TEXAS
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STANDING ORDER REGARDING
DEPOSIT AND INVESTMENT OF REGISTRY FUNDS
FOR MINOR’S ACCOUNTS
The Court, having entered its Standing Order Regarding Deposit and Investment of Registry
Funds now enters this Standing Order Regarding the Deposit and Investment of Registry Funds for
Minor’s Accounts.
Monies, not related to minor’s accounts, are currently pooled together with registry funds from
other courts and invested, via the Court Registry Investment System (CRIS), in short tern nonmarketable
Government Account Series (GAS) securities managed under the Treasury’s Bureau of Public Debt’s
Federal Investment Program. These short-term GAS securities, each maturing within 100 days or less, are
laddered within the Liquidity Fund to ensure sufficient funds are available to meet the disbursement needs
of participating courts.
The Administrative Office established a Minor’s Fund within CRIS to invest post-adjudication
deposits held on behalf of minors until their age of majority, which is often longer than 100 days.
Specifically, the Minor’s Fund continues to feature daily liquidity but will initially be comprised of a
laddered portfolio of one-year securities maturing each month. Thus, the fund improves the match
between investment holdings and the length of time each minor’s case remains invested, thereby
capitalizing on higher-yielding securities.
Accordingly, the Court hereby ORDERS that all funds to be invested on behalf of a minor be
deposited into the CRIS Minor’s Fund.
IT IS SO ORDERED this 23rd day of September a
Aw +
Chief United States District Judge
