General Order 13-01 Regarding Investment of Registry Funds

News Category: 
Public Notice

Effective February 28, 2013, the Bank of America will discontinue managing registry funds deposited with the Court under Local Bankruptcy Rule 7067-1.  On February 12, 2013, the Court issued General Order 13-01, Order Regarding Investment of Registry Funds, to direct all registry funds deposited with the Court to be invested in the Court Registry Investment System (CRIS). 

Under Public Law 110-406, the Administrative Office operates CRIS on behalf of the Judiciary for the purpose of providing a safe, efficient, market rate of return for registry funds.  CRIS is a professionally managed national program executed by the Investment Services and Compliance Office at the Administrative Office.  CRIS is overseen by the Registry Monitoring Group and subject to an annual financial statement audit.

Registry funds deposited with the Court will be invested by CRIS in Government Account Series securities at the U.S. Treasury.  These funds are not traded on the open market, never leave the Treasury, and returns mirror those of Treasury bills.

KATHLEEN J. CAMPBELL
CLERK OF COURT

February 13, 2013
PN-13-004