The Court Registry Investment System (CRIS) is an interest-bearing cash management tool administered by the Administrative Office of the U.S. Courts that provides Clerks with an easy, efficient and safe way to comply with federal requirements concerning the handling of Court Registry Funds.
The CRIS registry funds are pooled and used to purchase U.S. Treasury securities. These securities are held to maturity, and the portfolio is structured so that sufficient securities mature each week to pay out funds for all registry cases settled during the week. Funds are invested in Government Account Series (GAS) securities under the Bureau of Public Debt's Federal Investment Program.
Money sent to the Court for deposit into the Court's Registry Fund requires a court order. Unless otherwise directed, all Registry Funds paid into the Court are deposited with the Treasurer of the United States pursuant to 18 U.S.C. 2041 through depositories designated by the Treasury to accept such deposit on its behalf.
The Court order must direct the transfer of the funds deposited into the Court's Registry Fund to the Court Registry Investment System (CRIS) administered by the Administrative Office of the United States Courts. The party making the deposit or transferring funds to the Court's registry shall serve the order permitting the deposit or transfer on the Clerk of Court.
A court order is required to disburse funds. The proposed order shall be approved as to form and content by the Clerk and contain the Clerk's endorsement thereon prior to submitting the order to the assigned Judge. If the disbursement includes interest earned while on deposit, IRS Form W-9 is required for each payee. After the Court receives confirmation, a payment document is processed and a check disbursed, normally within one week.
IRS Form W-9
General Order – Regarding Deposit and Investment of Registry Funds - 3/24/2017