Primary Dealer Credit Facility
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.
Related Press Releases
- Federal Reserve announces extensions of and modifications to a number of its liquidity programs (June 25, 2009)
- Federal Reserve announces extension through October 30, 2009, of its existing liquidity programs that were scheduled to expire on April 30, 2009 (February 3, 2009)
- Federal Reserve announces the extension of three liquidity facilities through April 30, 2009 (December 2, 2008)