Primary Dealer Credit Facility

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.

Federal Reserve Board Announces Establishment of a Primary Dealer Credit Facility to Support the Credit Needs of Households and Businesses
March 17, 2020

Video: The Primary Dealer Credit Facility, Explained
Liberty Street Economics Blog
The Primary Dealer Credit Facility
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