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 remain available to primary dealers until December 31, 2020, unless extended by the Board of Governors and Treasury Department.


Announcements
Federal Reserve Board Announces an Extension through December 31 of its Lending Facilities that were Scheduled to Expire on or around September 30
July 28, 2020

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

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

Contact for General Inquiries
pdcf@ny.frb.org

Contacts for Media Inquiries
Betsy Bourassa
betsy.bourassa@ny.frb.org

Suzanne Elio
suzanne.elio@ny.frb.org