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Primary Dealer

   Also found in: Acronyms, Wikipedia 0.01 sec.
Primary dealer
Usually refers to the select list of securities firms that are authorized to deal in new issues of government bonds.

Primary Dealer
A firm to and from which the New York Federal Reserve directly sells and buys Treasury securities. That is, primary dealers help the Federal Reserve control the money supply by underwriting Treasury securities and placing them with investors. Primary dealers tend to be well-respected and well-known financial institutions. Merrill Lynch and Citigroup are examples of primary dealers.

primary dealer
A government securities firm to which the New York Federal Reserve Bank sells directly and from which it buys directly in an attempt to control the money supply. Compare reporting dealers. See also open-market operations.


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A financial institution given the status of primary dealer is accorded the right to take part in U.
Summary: The US Federal Reserve announced that it would boost the Term Securities Lending Facility and the Primary Dealer Credit Facility.
The Fed said that the borrowing windows it has opened to primary dealers of Treasury Securities and financial firms that can provide highly rated securities as collateral will remain available at least until the beginning of 2009.
 
 
 
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