We also lent dollars to other central banks so that they could help banks in their jurisdictions meet their dollar funding needs, thus easing pressures on U.S. money markets. Now that the financial markets are functioning much better, we have closed the emergency facilities that we created to lend to nonbanks.
The homework assignment is to think about the  2  Primary dealers are broker-dealers that trade in U.S. government securities with the Federal Reserve Bank of New York. 2  BIS Review 36/2010  design of liquidity facilities going forward.