Who must establish and maintain custodial accounts?

As a market agency selling on commission (market) subject to the Packers and Stockyards Act, 1921, (the P&S Act) you must establish and maintain a custodial account.

What is a custodial account?

A custodial account is a trust account. All payments for livestock by buyers and other funds deposited into the custodial account are trust funds (not owned by you). You have a fiduciary responsibility to protect and preserve the funds entrusted to you for livestock consignors.

Please contact your PSD Regional Office with any questions about these forms below.

Please contact your PSD Regional Office with any questions about these forms below.

Please contact your PSD Regional Office with any questions about these forms below.

Please contact the PSD Central Reporting Unit (CRU) with any questions about these forms at telephone: 303-375-4264 and email:PSD-CRU@usda.gov

Docket Number: AMS-FGIS-20-0022
Dates of Meeting: Postponed

Summary

On March 17, 2020, The Agricultural Marketing Service (AMS) published a notice that announced the next meeting for the Grain Inspection Advisory Committee, which was scheduled for April 1, 2020, 8:30 a.m. to 5:00 p.m. & April 2, 2020, 8:30 a.m. to 5:00 p.m. AMS is publishing this notice to announce that this federal advisory committee meeting has been postponed and will be re-scheduled at a later date.

Contact

• Current Report (pdf)

Archive

Amendatory Hearing for Walnuts
April 20-21, 2020

USDA will mute all audience microphones throughout the hearing except for the those of the judge, the court reporter, USDA staff, California Walnut Board (CWB) personnel, and the current witness.

On screen appearances will be limited to the judge, the court reporter, USDA staff, the current witness, and, when cross examining, CWB personnel.