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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

Primary Dealer Credit Facility

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The Primary Dealer Credit Facility (PDCF) was an overnight loan facility that provided funding to primary dealers in exchange for a specified range of eligible collateral and was intended to foster the functioning of financial markets more generally. The PDCF began operations on March 17, 2008, and was closed on February 1, 2010.

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Last update: February 5, 2010