Answer: Your welcome!
Step-by-step explanation:
These 23 financial institutions are known as Primary Dealers. Primary Dealers are responsible for providing liquidity in the Treasury market by participating in all auctions of Treasury securities and trading in the secondary market. They are also expected to provide market intelligence to the Federal Reserve, which uses this data to inform its monetary policy decisions. By participating in the Treasury market, Primary Dealers facilitate the sale of Treasury securities to investors, thus providing the government with the funds needed to finance its operations.