What is the Court Registry Investment System (CRIS)?: CRIS is an investment system administered and managed by the Administrative Office of the US Courts that allows Clerks a safe and efficient way to manage and invest Registry funds, while protecting deposited principal from losses.
What funds can be invested in CRIS? Although not required to, courts can invest all registry funds. Any moneys deposited under Fed. R. Civ. P. 67 (Deposit into Court) or Fed. R. Bankr. P. 7067 (Deposit into Court) must be invested in an investment or account that bears interest.
What qualifies as Registry Funds?
Civil bonds, such as:
- Preliminary injunction or temporary restraining order bond.
- Appellate bond or supersedeas bond.
- Cost bond.
Criminal bonds, such as:
- Bail bond.
- Bonds for fines or costs on appeal.
- Bond for release of a defendant pending sentence or appeal.
Moneys deposited into a Designated Settlement Fund or a Qualified Settlement Fund.
Effects of a deceased seaman.
Deposits relating to condemnation cases.
Interpleader funds resulting from conflicting claims of ownership, where the party in possession of the funds has no ownership claim.
Other moneys deposited with the court under Fed. R. Civ. P. 67 (Deposit into Court) or Fed. R. Bankr. P. 7067 (Deposit into Court).
How can my firm deposit/withdraw our funds into or from CRIS? All funds to be invested or withdrawn from CRIS require a Court order. The Clerk’s Office can take check or wire transfer (please contact Finance for wire instructions). CRIS funds are typically disbursed via EFT, and a completed W9 and AO213P must be remitted to Finance before disbursement can occur.
Deposit Orders must include:
- Identity of payer (who is remitting funds)
- CRIS Investment to be deposited into (Liquidity, Disputed Ownership Fund or Minor)
Withdrawal Orders must have:
See: 28 U.S.C. § 2042 (Withdrawal).
- Identity of the payee(s); (who the disbursement is to be made payable to, and the address)
- Amount of principal to be paid (i.e., dollar amount or sum certain);
- Interest payable on the principal, minus any fees assessed by the Administrative Office, if applicable; and
- The source of the moneys for each payment (e.g., “the Registry of the Court” or similar wording).
Forms: