Local Rule 7067. REGISTRY FUNDS
(2) The order must be prepared by the party seeking the order of deposit. The order must state the exact amount to be deposited, that the funds are to be deposited into an interest-bearing account, and that the funds will remain on deposit until further order of the court. Additionally, the order must contain the following provision:
"IT IS ORDERED that the clerk is directed to deduct from the income earned on the investment a fee, not exceeding that authorized by the Judicial Conference of the United States and set by the Director of the Administrative Office, whenever such income becomes available for deduction in the investment so held and without further order of the court."
(b) Notice to clerk. Whenever the court orders that money deposited into court must be deposited by the clerk in an interest-bearing account, the party seeking the order must, within fourteen (14) days, personally serve a copy of the order upon the clerk. Failure of the party seeking an order of deposit to an interest-bearing account to serve the clerk or chief deputy with a copy of the order will release the clerk from liability for loss of interest upon the money subject to the order of deposit.
(c) Authorized depositories. Unless otherwise ordered by the court, the clerk must deposit money pursuant to an order of deposit in any institution authorized by the court. The clerk may also invest such money in United States Treasury bills.
(e) Fees charged on registry funds. All funds deposited on or after December 1, 1990, and invested as registry funds will be assessed pursuant to the guidelines established by the Judicial Conference. Fees may be deducted periodically without further order and will be subject to any subsequent exceptions or adjustments by the directive of the Administrative Office of the United States Courts.