The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.
The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes
sound financial and economic decisions through community development and education programs.
The latest Primary Dealer Credit Facility (PDCF) was established to support the credit needs of American households and businesses. It allows primary dealers to support smooth market functioning and facilitate the availability of credit to businesses and households.
The PDCF offers overnight and term funding with maturities up to 90 days and is available on March 20, 2020. It will be in place for at least six months and may be extended as conditions warrant.