Local Rule LCivR 67: DEPOSIT INTO COURT
E.D. Wash. — Civil rule
LCivR 67 DEPOSIT INTO COURT
(a) Depositing Property.
Property or money to be deposited into the Court's registry must be accompanied by a court order permitting deposit.
(b) Investing and Withdrawing Funds.
(1) Deposit Account – Funds less than $5,000. Court ordered deposits of less than $5,000 shall be deposited by the Clerk of Court directly into the United States Treasury and will earn no interest and incur no fees while on deposit.
(2) Deposit Account – Funds of $5,000 or more. Court ordered deposits of $5,000 or more will be deposited by the Clerk of Court into an interest bearing U.S. Treasury account using the Court Registry Investment System, managed according to the policies and procedures of the Administrative Office of the United States Courts.
(3) Fee Deduction. The Clerk is directed to deduct a fee from the income earned on the investment at 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.
(4) Disbursement. All motions for disbursement of registry funds shall specify the principal sum initially deposited, the amount of principal funds to be disbursed, with or without interest, and the name and address (sealed if necessary) of the person to whom the disbursement is to be made. If more than one party is to be paid, the portion of principal and interest due each payee must be set forth separately. Motions for disbursement of registry funds that have earned interest in excess of the IRS reportable interest income threshold require an IRS Form W-9 submitted directly to the Clerk's Office (not on the CM/ECF filing system). Unless otherwise ordered, each disbursal will include the principal amount deposited, plus all accrued interest, minus the above described fee.