Deposit and Withdrawal of Funds in Interest-Bearing Accounts

(a) Deposit Order. The Clerk of Court shall accept only certified check, cashier's check or money order for deposit in an interest-bearing account. A proposed order directing the Clerk to deposit funds in an interest-bearing account shall include the following information: (1) (2) the amount to be invested; and language which directs the Clerk to deduct from the account any fee authorized by the Judicial Conference of the United States. The proposed order shall be reviewed by the Clerk or his designee for approval as to form before it is submitted to the Judge.

After signature, the movant shall personally serve a copy of the order on the Clerk or his designee who shall deposit the funds as soon as the business of the Clerk's Office allows. (b) Withdrawal Order. An order for the withdrawal of funds held in an interest-bearing account shall state: (1) the name and address of each recipient of the funds and, except for any governmental entity, the corresponding social security or employer identification number of each recipient, and (2) the exact amount of principal and the percentage of interest to be paid to each recipient. The proposed withdrawal order shall be reviewed by the Clerk or his designee for approval as to form before it is submitted to the Judge.

After signature, the movant shall personally serve a copy of the order on the Clerk or his designee who shall execute the order as soon as the business of the Clerk's Office allows. November 1, 2014 72 United States District Court Eastern District of Michigan