W.D. Pa. LCvR 67.2

A. Investment of Funds by Clerk of Court. The Clerk of Court will invest

funds under Fed. R. Civ. P. 67 as soon as the business of his or her office

allows.

B. Administrative Fee. All registry invested accounts are subject to an

administrative handling fee at a rate established by the Judicial Conference of

the United States. The fee will be assessed and funds will be withdrawn from

each invested account in accordance with Judicial Conference directives and this

may be accomplished by the authority herein and without further order of Court.

C. Motion Required for Deposit Into Interest Account. The posting party

must move the Court to have registry funds deposited into an interest-bearing

account, the Court Registry Investment System (“CRIS”), which is administered

by the Administrative Office of the United States Courts under 28 U.S.C. § 2045,

and shall be the only investment mechanism authorized. The proposed

investment order should be reviewed by the Clerk of Court or his or her financial

deputy to insure that all of the required investment information is included. It is

the responsibility of the posting party to serve the Clerk of Court or his or her

financial deputy with a copy of the signed investment order. In most instances,

the office of the Clerk of Court can provide a standard investment order that

would satisfy the requirements of the federal rules and these Local Rules.

D. Court Registry Investment System. CRIS is the designated depository for

the Court. The Clerk of Court shall, upon an order from the Court, deposit funds

subject to Fed. R. Civ. P. 67 into CRIS.

E. Petition Required for Investment. If the attorney for the party on whose

behalf the deposit is made desires to invest funds in a manner other than at the

designated depository of the Court, and if the investment is in accordance with

the requirements of the federal rules, and specifically Fed. R. Civ. P. 67, a

petition and proposed order may be presented for the Court's consideration.

F. IRS Regulations Applicable. Registry deposits involving designated or

qualified settlement funds may be subject to IRS Regulations that require the

appointment of an administrator outside of the Court to handle fiduciary and tax

matters. A registry account may be a designated or qualified settlement fund if:

1. there has been a settlement agreement in the case;

2. the Court has entered an order establishing or approving a deposit into

the registry as a settlement fund; and

3. the liability resolved by the settlement is of a kind described in 26

U.S.C. § 468B or 26 C.F.R. § 1.468B-1(c).

It is the responsibility of the depositing party to identify any registry deposit

intended to be a designated or qualified settlement fund. Depositors should

contact the office of the Clerk of Court prior to the deposit of settlement fund

monies to insure that proper procedures are followed for the reporting of interest

income and the payment of income tax on registry accounts.