(a) Deposit into Court Registry Fund. Unless the parties stipulate otherwise, money paid into
the court under Fed. R. Civ. P. 67 and this rule will be deposited into the court’s Registry utilizing
the Court Registry Investment System (CRIS). CRIS funds are pooled nationally and are invested
in U.S. Treasury securities.
(b) Alternative Deposits.
(1) Stipulation. A party wishing to invest funds using a private financial institution must
provide the court with a stipulation and obtain the consent of all parties to the case. The
stipulation must contain:
(A) the form of the interest-bearing account or instrument;
(B) the name and address of the financial institution where funds are to be
invested;
(C) for IRS reporting, the name, address, and social security or taxpayer
identification number of the person or party responsible for the investment
earnings;
(D) if existing insurance coverage is insufficient to insure the principal invested,
the form of collateral guaranteeing the investment principal, conforming to
authorized Treasury standards under 31 C.F.R. Part 202; and
(E) any other information applicable to the facts and circumstances of the case that
relates to the funds to be invested.
(2) Responsibility for Opening Account. Upon approval of the stipulation, the clerk of
court or other individual designated by the court is responsible for opening the investment
account and serving as custodian.
(c) Charge. A charge will be assessed for deposits made pursuant to subsection (b) of this rule
under the schedule of Registry fees set forth by 28 U.S.C. § 1914.
