(a) Order for Deposit into Court Registry. Except for deposits required by law or court order, a party desiring to deposit funds into the registry of the court must file an application, which shall include a detailed explanation of the facts and circumstances necessitating the deposit of estate funds into the registry.

(b) Form of Proposed Orders Directing Deposit of Funds into the Court Registry. A proposed order directing the clerk of court to deposit funds into the registry of the court must include the following:

(1) the amount to be deposited;

(2) a direction to the clerk of court to deposit registry funds totaling $25,000 or more into an interest-bearing account; and

(3) a direction to the clerk of court to deposit registry funds totaling less than $25,000 into a non-interest-bearing account with the U.S. Treasury.

(c) Payments from the Registry. Payments authorized by the court and payable by negotiable instrument from funds held in an interest-bearing account in the court registry, must be negotiated within one-year. Negotiable instruments drawn on funds in the court registry and not tendered within one year will be transferred into noninterest-bearing registry accounts.

Committee Comment
Where funds deposited 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 Fed. R. Civ. P. 67 or Fed. R. Bankr. P. 7067, the court is required to deposit said funds into the Court Registry Investment System (CRIS), administered by the Administrative Office of the U.S. Courts. 28 U.S.C. § 2045. Funds held in CRIS are assessed an annualized management fee of 10% of the interest earnings.