United States of America · Economy / Federal Reserve. Chronological records rendered directly from the World History Database.
The Federal Reserve creates the Primary Dealer Credit Facility to provide overnight secured funding to primary dealers, extending central-bank liquidity support to a critical part of the securities-market infrastructure.
This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.