Primary Dealers List - Federal Reserve Bank of New York

Primary Dealers List

Primary dealers serve as trading counterparties of the New York Fed in its implementation of monetary policy. This role includes the obligations to: (i) participate consistently in open market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open Market Committee (FOMC); and (ii) provide the New York Fed's trading desk with market information and analysis helpful in the formulation and implementation of monetary policy. Primary dealers are also required to participate in all auctions of U.S. government debt and to make reasonable markets for the New York Fed when it transacts on behalf of its foreign official account-holders.

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Primary Dealers
Additions and Removals
Name Changes

Bank of Nova Scotia, New York Agency
BMO Capital Markets Corp.
BNP Paribas Securities Corp.
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies & Company, Inc.
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Mizuho Securities USA Inc.
Morgan Stanley & Co. LLC
Nomura Securities International, Inc.
RBC Capital Markets, LLC
RBS Securities Inc.
SG Americas Securities, LLC
UBS Securities LLC.

Date	Changes to Primary Dealers List
Oct 31, 2011	MF Global has been deleted from the list of primary dealers, effective October 31, 2011. Revised Primary Dealers List ››
Oct 4, 2011	BMO Capital Markets Corp. and Bank of Nova Scotia, New York Agency have been added to the list of primary dealers, effective October 4, 2011. Revised Primary Dealers List ››
Feb 2, 2011	MF Global Inc. and SG Americas Securities, LLC have been added to the list of primary dealers, effective February 2, 2011. Revised Primary Dealers List ››
Jul 27, 2009	Nomura Securities International, Inc. has been added to the list of primary dealers, effective July 27, 2009. Revised Primary Dealers List ››
Jul 7, 2009	RBC Capital Markets Corporation has been added to the list of primary dealers, effective July 8, 2009. Revised Primary Dealers List ››
Jun 26, 2009	Dresdner Kleinwort Securities LLC has withdrawn its name from the list of primary dealers, effective close of business June 26, 2009. Revised Primary Dealers List ››
Jun 17, 2009	Jefferies & Company, Inc. added to the list of primary dealers effective June 18, 2009. Revised Primary Dealers List ››
Feb 11, 2009	Merrill Lynch Government Securities Inc. was deleted from the list of primary dealers as a result of the acquisition of Merrill Lynch & Co., Inc. by Bank of America Corporation. Revised Primary Dealers List ››
Oct 1, 2008	Bear, Stearns & Co. was deleted from the list of primary dealers as a result of their acquisition by J.P. Morgan Securities Inc. Revised Primary Dealers List ››
Sep 22, 2008	Lehman Brothers Inc. was deleted from the list of primary dealers. Revised Primary Dealers List ››
Jul 15, 2008	Countrywide Securities Corporation was removed from the list as a result of their acquisition by Bank of America. Revised Primary Dealers List ››
Nov 30, 2007	Nomura Securities International, Inc. has withdrawn its name from the list of primary dealers Revised Primary Dealers List ››
Feb 8, 2007	CIBC World Markets Corp. has withdrawn its name from the list of primary dealers Revised Primary Dealers List ››
Sep 15, 2006	ABN AMRO Bank, N.V., New York Branch has withdrawn its name from the list of primary dealers Revised Primary Dealers List ››
Jul 31, 2006	Cantor Fitzgerald & Co. added to the list of primary dealers effective August 1, 2006. Revised Primary Dealers List ››
Jan 14, 2004	Countrywide Securities Corporation was added to the list of primary dealers. Revised Primary Dealers List ››
Apr 1, 2002	Zions First National Bank and BMO Nesbitt Burns Corp withdrew their names from the list of primary dealers. Deutsche Banc Alex. Brown Inc changed its name to Deutsche Bank Securities Inc. Fuji Securities Inc changed its name to Mizuho Securities USA Inc. Revised Primary Dealers List ››
Oct 31, 2001	SG Cowen Securities Corporation withdrew its name from the list of primary dealers. Revised Primary Dealers List ››
May 1, 2001	JP Morgan Securities Inc merged with Chase Securities Inc to form JP Morgan Securities Inc. Revised Primary Dealers List ››
Jan 5, 2001	JP Morgan & Co Incorporated and Chase Manhattan Corporation, now affiliates, are expected to merge at the end of the first quarter or early in the second quarter of 2001. Revised Primary Dealers List ››
Jan 2, 2001	Donaldson, Lufkin & Jenrette Securities Corporation has withdrawn its name from the list of primary dealers. Revised Primary Dealers List ››
Dec 5, 2000	Paine Webber Incorporated withdrew its name from the list of primary dealers. Revised Primary Dealers List ››
Dec 1, 2000	Prudential Securities Incorporated withdrew its name from the list of primary dealers. Revised Primary Dealers List ››
Nov 14, 2000	Donaldson, Lufkin & Jenrette Securities Corporation (DLJ) was acquired by Credit Suisse First Boston Corporation. Paine Webber Incorporated became a business division of UBS Warburg LLC. Revised Primary Dealers List ››
April 17, 2000	Aubrey G. Lanston & Co, Inc withdrew its name from the list of primary dealers. Revised Primary Dealers List ››
July 1, 1999	SG Cowen Securities Corporation was added to the list of primary dealers. Revised Primary Dealers List ››
June 4, 1999	BT Alex. Brown Incorporated withdrew its name from the list of primary dealers. Revised Primary Dealers List ››
Jan 4, 1999	The Nikko Securities Co International, Inc withdrewn its name from the list of primary dealers. Revised Primary Dealers List ››

Date	Changes to Primary Dealers List
Jun 1, 2011	Morgan Stanley & Co. Incorporated converted to a LLC, Morgan Stanley & Co. LLC, effective May 31, 2011 Revised Primary Dealers List ››
Nov 2, 2010	RBC Capital Markets Corporation converted to a limited liability company, RBC Capital Markets, LLC, effective November 1, 2010. Revised Primary Dealers List ››
Nov 1, 2010	Banc of America Securities LLC merged with Merrill Lynch, Pierce, Fenner & Smith Incorporated, with the latter the surviving entity. The primary dealer is now Merrill Lynch, Pierce, Fenner & Smith Incorporated, effective November 1, 2010. Revised Primary Dealers List ››
Sep 1, 2010	J.P. Morgan Securities Inc. converted from a corporation to a limited liability company, J.P. Morgan Securities LLC, effective September 1, 2010. Revised Primary Dealers List ››
Apr 1, 2010	Daiwa Securities America Inc. changed its name to Daiwa Capital Markets America Inc., effective April 1, 2010. Revised Primary Dealers List ››
Jun 5, 2008 Revised July 15, 2008	Dresdner Kleinwort Wasserstein Securities LLC changed its name to Dresdner Kleinwort Securities LLC, effective September 18, 2006. Revised Primary Dealers List ››
Jan 17, 2006	Credit Suisse First Boston LLC changed its name to Credit Suisse Securities (USA) LLC, effective January 16, 2006 Revised Primary Dealers List ››
Aug 3, 2004	J.P. Morgan Securities, Inc. merged with Bank One Capital Markets, Inc. to form J.P. Morgan Securities Inc. effective August 2, 2004. Revised Primary Dealers List ››
Jul 1, 2004	J. P. Morgan Securities, Incorporated and Banc One Capital Markets, Incorporated, now affiliates, intend to merge effective as of August 2, 2004. Revised Primary Dealers List ››
Jun 12, 2003	UBS Warburg LLC changed its name to UBS Securities LLC. Revised Primary Dealers List ››
Apr 7, 2003	Salomon Smith Barney Inc changed its name to Citigroup Global Markets Inc. Revised Primary Dealers List ››
Mar 18, 2003	Credit Suisse First Boston Corporation changed its name to Credit Suisse First Boston LLC. Revised Primary Dealers List ››
Dec 9, 2002	ABN AMRO Incorporated changed its name to ABN AMRO Bank, NV, New York Branch. Revised Primary Dealers List ››
Apr 1, 2002	Zions First National Bank and BMO Nesbitt Burns Corp withdrew their names from the list of primary dealers. Deutsche Banc Alex. Brown Inc changed its name to Deutsche Bank Securities Inc. Fuji Securities Inc changed its name to Mizuho Securities USA Inc. Revised Primary Dealers List ››
Jul 2, 2001	Dresdner Kleinwort Benson North America LLC changed its name to Dresdner Kleinwort Wasserstein Securities LLC. Revised Primary Dealers List ››
May 23, 2001	Nesbitt Burns Securities Inc changed its name to BMO Nesbitt Burns Corp. Revised Primary Dealers List ››
Jan 16, 2001	Deutsche Bank Securities, Inc changed its name to Deutsche Banc Alex. Brown Inc. Revised Primary Dealers List ››
Sept 15, 2000	Paribas Corporation changed its name to BNP Paribas Securities Corp. Revised Primary Dealers List ››
May 1, 2000	Warburg Dillon Read LLC changed its name to UBS Warburg LLC. Revised Primary Dealers List ››
Sept 23, 1999	CIBC Oppenheimer Corp changed its name to CIBC World Markets Corp. Revised Primary Dealers List ››
June 1, 1999	HSBC Securities, Inc changed its name to HSBC Securities (USA) Inc. Revised Primary Dealers List ››
May 17, 1999	NationsBanc Montgomery Securities LLC changed its name to Banc of America Securities LLC. Revised Primary Dealers List ››
April 1, 1999	First Chicago Capital Markets, Inc changed its name to Banc One Capital Markets, Inc. Revised Primary Dealers List ››

New primary dealers will begin transacting with the New York Fed upon completion of legal, operational and technical setup.

Administration of Relationships with Primary Dealers »
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