INSTRUCTIONS TO COMPLETE LETTER OF CREDIT, 

IRREVOCABLE, TRANSFERABLE, AND STANDBY (FORM PSD 2600) 

ACCOMPANIED BY TRUST AGREEMENT (FORM PSD 2300) 

You, as a packer, market agency, or dealer, may provide a Letter of Credit, Irrevocable, 

Transferable, and Standby, issued by a Federally insured bank or institution, accompanied or 

pledged towards a trust agreement, to cover your operations with the Packers and Stockyards 

Division (PSD) to meet the bond requirements of the Packers and Stockyards Act, 1921, as 

amended and supplemented. 

A letter of credit issued toward a trust agreement requires complete and correct information to be 

submitted to the PSD on Form PSD 2600. If any information is missing or incorrect, the PSD 

will return the letter of credit form to the issuing bank or institution for completion or correction. 

Operating without proper registration and bond may subject the principal to severe civil penalties 

as authorized by law for each violation, and additional penalties for each day the violation 

continues (7 U.S.C § 203) 

Submission instructions for the bank: After completing the letter of credit, an electronically 

reproduced copy of the letter of credit MUST be filed with the appropriate regional office. If 

this letter of credit is pledged towards a NEW Trust Agreement, a fully executed copy of such 

trust agreement must also be filed. The areas covered by each regional office are listed below its 

address. 

Regional Offices of the Packers and Stockyards Division 

Agricultural Marketing Service, Fair Trade Practices Program 

Eastern Regional Office 

75 Ted Turner Drive SW, Ste 230 

Atlanta, GA 30303-3308 

Telephone: (404) 562-5840 

FAX: (404) 562-5848 

E-mail: 

PSDAtlantaGA@ams.usda.gov 

States Covered 

AL, AR, CT, DC, DE, FL, GA, 

LA, MA, MD, ME, MS, NC, 

NH, NJ, NL, NY, PA, PR, QC, 

RI, SC, TN, VA, VT, WV 

Midwestern Regional Office 

210 Walnut Street, Room 317 

Des Moines, IA 50309-2110 

Telephone: (515) 323-2579 

FAX: (515) 323-2590 

E-mail: 

PSDDesMoinesIA@ams.usda.gov 

States Covered 

IA, IL, IN, KY, MB, MI, MN, 

MO, ND, NE, OH, ON, SD, WI 

Western Regional Office 

3950 Lewiston St., Suite 200 

Aurora, CO 80011-1556 

Telephone: (303) 375-4240 

FAX: (303) 371-4609 

E-mail: 

PSDDenverCO@ams.usda.gov 

States Covered 

AB, AK, AZ, BC, CA, CO, HI, 

ID, KS, MT, NM, NV, OK, OR, 

SI, SK, TX, UT, WA, WY 

If you have any questions about the form or completing the form, please contact the PSD 

regional office that covers your area, as listed above. 

The financial institution providing the Standby Letter of Credit, Irrevocable, Transferable, and 

Standby, completes the form and signs line 16a. 

Form PSD 2600 Expires 01/31/2025 Page 1 of 3
 

 

 

 

 

 

 

 

 

 

 

 

 

Line 

No. 

Subject Instruction 

1a. Issuing Bank or 

Financial Institution 

Physical Address, 

Phone, and 

FDIC/NCUA 

Identification Number 

Enter the name, branch division, department, and 

physical address and phone of the issuing Federallyinsured bank or financial institution. Enter the 

FDIC/NCUA Identification number of the issuing bank 

or financial institution. 

1b. Issuing Bank or 

Financial Institution 

Mailing Address, Phone 

Enter the name, branch division, department, and mailing 

address and phone of the issuing Federally-insured bank 

or financial institution. 

2 Letter of Credit Number Enter the number assigned to the letter of credit, 

irrevocable, transferable, and standby, hereinafter known 

as “letter of credit”, by the issuing bank or financial 

institution. 

3 Amount Enter the full amount for which the letter of credit has 

been executed. 

4 Date Enter the date the letter of credit was issued. 

5 Trustee’s Name Enter the name of the trustee named to the trust 

agreement. You may reference line 5 of Trust 

Agreement Form PSD 2300 for the name of the 

Trustee. 

6 Effective date of Trust 

Agreement 

This line must be completed with the original effective 

date of the trust agreement. You may reference line 4 

of Trust Agreement Form PSD 2300 for the effective 

date of the corresponding trust agreement. 

7 Principal Name, City 

and State 

Enter the full name of the principal, city & state. The 

principal’s name must match the name under which the 

principal is registered with the PSD. 

8 Name Of Bank or 

Financial Institution 

Enter the name of the bank or financial institution. This 

is the same as listed in line 1b. 

9 Letter of Credit Number Enter the identifying number issued by the bank or 

financial institution for the letter of credit. This is the 

same as listed in line 2. 

10 Effective Date of Letter 

of Credit 

Enter the effective date of the letter of credit. This is the 

same as listed in line 4. 

11 Amount Enter the full amount of the letter of credit. This is the 

same as listed in line 3. 

12 Effective Date of Trust 

Agreement 

Enter the effective date of the trust agreement. This is 

the same as listed in line 6. 

13 Principal Name, City 

and State 

Enter the full name of the principal. This is the same as 

listed in line 7. 

Form PSD 2600 Expires 01/31/2025 Page 2 of 3
Line 

No. 

Subject Instruction 

14 

a and b 

OR 

15 

a and b 

Expiration Date First choose either section 14 or 15 and enter the 

expiration date of the letter of credit in 14a. or 15a. 

Choose one section or the other, but not both. We 

prefer the letter(s) of credit are valid for at least one year, 

but it is not required. 

Further decide, by checking Yes or No at 14b. or 15b. 

whether you want the additional wording to apply. 

Be reminded the funds available under this letter of 

credit may not be withdrawn and released except to 

the Trustee, or by written approval of the Deputy 

Administrator of the Agricultural Marketing Service, 

Fair Trade Practices Program, Packers and 

Stockyards Division. 

16 

a 

through 

e 

Authorized signature An authorized officer of the bank or financial institution 

must sign the letter of credit. Also, enter the name, title, 

and phone of the person signing the Letter of Credit. 

Include official’s email address. 

Form PSD 2600 Expires 01/31/2025 Page 3 of 3