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RULE 7067-1 REGISTRY FUND

(a)        Clerk's Office to Maintain Registry Account.  No money shall be sent to the Court or its officers for deposit without an order signed by the presiding judge in the case or proceeding.  Pursuant to Rule 67 of the Federal Rules of Civil Procedure, as made applicable by Rule 7067 of the Federal Rules of Bankruptcy Procedure, all interpleader funds or funds in the nature of an interpleader proceeding must be deposited into the Court registry.  To comply with the requirements of Federal Rule 67, 28 U.S.C. § 2041, and 28 U.S.C. § 2042, the funds on deposit with the Court shall be transferred to the Court Registry Investment System (“CRIS”) and disbursed only upon further order of the Court. 

(b)       Registry Fee.  Pursuant to 28 U.S.C. § 1930, the clerk's office can deduct from income earned on registry funds in an interest-bearing account a fee not exceeding that authorized by the Judicial Conference of the United States and set by the Director of the Administrative Office in accordance with the schedule published periodically by the Director in the Federal Register.  The clerk's office will withdraw the fee at the final distribution of funds upon a valid order and deposit it into the United States Treasury. 

(Eff. 12/1/2017)