E.D. Tenn. L.R. 67.1

(a) Receipt of Funds

(1) No money shall be sent to the Court or its officers in the Court's Registry without

a court order signed by the presiding judge in the case or proceeding. The party

making the deposit or transferring funds to the Court's registry pursuant to Fed. R.

Civ. P. 67 shall serve the order permitting the deposit or transfer on the Clerk of

Court.

(2) Unless provided for elsewhere in this Order, all monies ordered to be paid to the

Court or received by its officers in any case pending or adjudicated shall be

deposited with the Treasurer of the United States in the name and to the credit of

this Court pursuant to 28 U.S.C.§ 2041 through depositories designated by the

Treasury to accept such deposits on its behalf.

(b) Investment of Registry Funds

(1) Where, by order of the Court, funds on deposit 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, the Court Registry

Investment System ("CRIS"), administered by the Administrative Office of the

United States Courts under 28 U.S.C.§ 2045, shall be the only investment

mechanism authorized.

(2) The Director of the Administrative Office of the United States Courts is

designated as custodian for CRIS. The Director or the Director's designee shall

perform the duties of custodian. Funds held in the CRIS remain subject to the

control and jurisdiction of the Court.

(3) Money from each case deposited in the CRIS shall be "pooled" together with

those on deposit with Treasury to the credit of other courts in the CRIS and used

to purchase Government Account Series securities through the Bureau of Public

Debt, which will be held at Treasury, in an account in the name and to the credit

of the Director of Administrative Office of the United States Courts. The pooled

funds will be invested in accordance with the principals of the CRIS Investment

Policy as approved by the Registry Monitoring Group.

(4) An account for each case will be established in the CRIS titled in the name of the

case giving rise to the investment in the fund. Income generated from the fund

investments will be distributed to each case based on the ratio each account's

principal and earnings has to the aggregate principal and income total in the fund.

Reports showing the interest earned and the principal amounts contributed in each

case will be prepared and distributed to each court participating in the CRIS and

made available to litigants and/or their counsel.

(c) Deduction of Fees

(1) The custodian is authorized and directed by this Order to deduct the investment

services fee for the management of investments in the CRIS and the registry fee

for maintaining accounts deposited with the Court.

(2) The investment services fee is assessed from interest earnings to the pool

according to the Court's Miscellaneous Fee Schedule and is to be assessed before

a pro rata distribution of earnings to court cases.

(3) The registry fee is assessed by the custodian from each case's pro rata distribution

of the earnings and is to be determined on the basis of the rates published by the

Director of the Administrative Office of the United States Courts as approved by

the Judicial Conference of the United States.

(d) Minors' Funds

(1) The Administrative Office has established a Minors' Fund within CRIS to invest

post-adjudication deposits held on behalf of minors until their age of majority,

which is often longer than 100 days. Specifically, the Minor's Fund continues to

feature daily liquidity but will initially be comprised of a laddered portfolio of

one-year securities maturing each month. Thus, the fund improves the match

between investment holdings and the length of time each minor's case remains

invested, thereby capitalizing on higher-yielding securities.

(2) In any cases that are adjudicated on behalf of minors, the associated registry

deposits shall be invested via the Minors' Fund.

(e) Disbursement of Registry Funds

(1) All motions for disbursement of registry funds shall specify the principal sum

initially deposited, the amount(s) of principal funds to be disbursed, and to whom

the disbursement is to be made, along with complete mailing instructions (full

address and ZIP code of payee and attorney), and have attached thereto a

proposed order of disbursal.

(2) Each proposed order of disbursal shall contain therein the following language:

"The Clerk is authorized and directed to draw a check(s) on the funds on deposit

in the registry of this Court in the principal amount of $_____ plus all accrued

interest, minus any statutory fees, payable to_________, and mail or deliver the

check(s) to ________ at (full address with ZIP code)." If more than one check is

to be issued on a single order, the portion of principal due each payee must be

separately stated. Counsel must also provide the Social Security number or

taxpayer identification number for each payee and complete mailing or delivery

instructions for each payee.

(3) On all checks drawn by the Clerk on deposits made into the registry of the Court,

the name of the payee shall be written as that name appears in the Court's order

providing for disbursement.

(4) When money has been paid to the Clerk on behalf of a minor, incompetent, or

incapacitated person, a guardian or conservator shall be qualified under state law

within 30 days, and the Clerk shall, upon presentation of a certified copy of the

appointment and qualification, disburse the funds to that guardian or conservator

as ordered by the Court.

(f) Designated and Qualified Settlement Funds.

Funds invested with the Court for the purpose of settlement are subject to additional rules

under 26 U.S.C. § 468B.