Local Rule 67.1: REGISTRY FUNDS

RULE 67.1 REGISTRY FUNDS (a) . Deposit of Funds in Court Registry. Unless a statute requires otherwise, funds shall be tendered to the court or its officers for deposit into the registry only under order. A depositor shall provide to the clerk a copy of the order authorizing deposit including its CM/ECF docket number.

(b) Investment of Funds in Registry. When the order specifies the funds are to be deposited in an interest-bearing account, the Court Registry Investment System (CRIS), is the only investment mechanism authorized.

(c) Registry Fee. Registry fees shall be deducted under 28 U.S.C. § 1914 and any regulation promulgated thereunder.

(d) Disbursement of Funds in Registry. Funds in the registry shall be disbursed only by court order. A proposed order to disburse funds shall include the payee's full name and complete address and the amount to be disbursed. The party requesting disbursement of funds shall provide to the clerk a copy of the order authorizing disbursement including its CM/ECF docket number.

(e) Interpleader Funds. Interpleader funds deposited under 28 U.S.C. § 1335 are defined by the IRS as a Disputed Ownership Fund (DOF), a taxable entity that requires tax administration. Unless otherwise ordered, interpleader funds shall be deposited in the DOF established in the CRIS and administered by the Administrative Office of the United States Courts (AO), which shall be responsible for meeting all DOF tax administration requirements. The Director of the AO is designated as the custodian of funds deposited in the DOF. * * * As amended 4/1/26, 12/1/22, 4/15/20, 3/17/10, 3/05, 3/04, 3/13/92.