Definition
Primary dealer
A securities firm that makes a market in government debt securities, acting as a principal in the trades. Federal Home Loan Bank System discount notes are sold through a group of primary dealers.
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Primary dealers - a group of banks and securities firms that have an agreement to buy and sell Treasuries directly with the Federal Reserve Bank of New York ...
Primary Dealer
An institution recognized by the Treasury Department as eligible to bid on Treasuries when they are initially issued and to make a market for secondary buyers.
Primary Dealer - A designation given by the Federal Reserve System to commercial banks or broker/dealers who meet specific criteria. Among the criteria are capital requirements and meaningful participation in the Treasury auctions.
Primary Dealer - Any of 40 firms recognized by the Treasury Department as eligible to bid on Treasury and agency securities when they are initially issued and to make a market for secondary buyers.
Primary Dealer: Primary dealers are a group of government securities dealers who submit daily reports of market activity and monthly financial statements to the Federal Reserve Bank of New York, which provides formal oversight.
Primary dealer
Usually refers to the select list of securities firms that are authorized to deal in new issues of government bonds.
Primary distribution
Sale of a new issue of stock or bonds, as distinguished from a secondary distribution.
The Fed choose nominal interest rate (named fed fund target rate) through lending and borrowing for collateral securities from 22 banks and bonds dealers (called primary dealers). These operations are nicknamed "Repo" (repurchase operations).
Repurchase agreements (repos) are widely used as a source of financing by primary dealers, other securities firms, banking firms, and institutional investors, among others. A repo involves an agreement between a seller and a buyer, typically of U.S.
A bid made by a bank that is a primary dealer in the U.S. Treasury auction. These banks purchase large amounts of securities at the most competitive rate they can get. In contrast, non- ...
Reverse REPO is the rate at which Federal Bank borrows money from primary dealers or banks. Usually this rate is higher. The reverse REPO helps in temporary reduction in balances from the banking system.
Canvassing by the Desk of primary dealers to determine the Inventory and maturities of their Treasury securities. The desk then decides whether to Buy or Sell certain issues (coupons) in Order to add or withdraw reserves.
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GovPX figures for Treasury market volume include transactions that primary dealers execute through the five brokers. Average daily volume is about $200 bln per day in the Treasury market.
Reporting Dealer
Term for U.S. Primary Dealers.
Repo Rate
See Repurchase Agreement.
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Describes the N.Y. Federal Reserve Bank's trading desk practice of communicating with primary dealers to establish a market of bids and offers on behalf of the Federal Open Market Committee.
Treasury Securities purchased by a primary dealer are held in a dealer bank's Trading Account Assets portfolio, and often resold to other banks, and to private investors.
The minimum purchase amount is $1,000. (This amount formerly had been $10,000.) Mature T-bills are also redeemed on each Thursday. Banks and financial institutions, especially primary dealers, are the largest purchasers of T-Bills.
Primary Dealer A title given by the Federal Reserve System to commercial banks or dealers who... primary distribution The original sale of a firm's securities in which the proceeds from the sale are received directly by the firm.
 See also: Dealer, Securities, Market, Trading, Sell
  
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