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Primary Dealer Credit Facility

The Primary Dealer Credit Facility (PDCF) is an overnight loan facility that will provide funding to primary dealers in exchange for a specified range of eligible collateral and is intended to foster the functioning of financial markets more generally.

News and announcements

Federal Reserve Announces Establishment of Primary Dealer Credit Facility March 16, 2008

Board Announces Two Initiatives Designed to Bolster Market Liquidity and Promote Orderly Market Functioning March 16, 2008