Primary Dealer Credit Facility

As of March 31, 2021, the PDCF has expired. The materials and information on the web pages associated with this facility will remain available.
The latest Primary Dealer Credit Facility (PDCF) was established to support the credit needs of American households and businesses. It allowed primary dealers to support smooth market functioning and facilitate the availability of credit to businesses and households.

The PDCF offered overnight and term funding with maturities up to 90 days and was available on March 20, 2020. It remained available to primary dealers until March 31, 2021.

Primary Dealer Credit Facility Transaction Specific Disclosures Pursuant to Section 11(s) of the Federal Reserve Act
March 31, 2022

Federal Reserve Board Confirms Upcoming Expiration Date for the PDCF
March 8, 2021

Federal Reserve Board announces extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31
November 30, 2020

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

Video: The Primary Dealer Credit Facility, Explained
Liberty Street Economics Blog
The Primary Dealer Credit Facility
Related New York Fed Content
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close