IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF UTAH
Order Regarding Deposit and Investment
201~ .IUl 11 ".:) i: 50
Gene·ral Oroer 5-00T
of Registry Funds DISTf~!CT OF UTAH
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DEPUTY CLEH!\
The Court, having determined that it is necess~ry 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
Treasury of the United States in the name and to the credit of this Court pursuant to
28USC§204 l 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, or invested in a court-approved, interest-bearing instrument in
accordance with Rule 67 of the Federal Rules of Civil Procedure, the Court Registry Investment
System ("CRIS"), administered by the Administrative Office of the United States Courts under
28USC§2045, shall be the only investment mechanism authorized.
B. The Director of the Administrative Office of the United States Courts is designated
as custodian for CRIS. The Director or designee shall perform the duties of custodian. Funds
held in CRIS remain subject to the control and jurisdiction of the Court.
C. Money from each case deposited in CRIS shall be "pooled" together with those on
deposit with 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 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.
I
D. 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 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 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 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
This Order supersedes and abrogates all prior orders of this Court regarding the deposit
and investment of registry funds.
Dated this lih day of June, 2015.
CHIEF UNITED STATES DISTRICT JUDGE
