Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Section 13(3) of the Federal Reserve Act | Statement: [Primary Dealer Credit Facility, legalAuthority, Section 13(3) of the Federal Reserve Act]

Target entity: Section 13(3) of the Federal Reserve Act
Context triple: [Primary Dealer Credit Facility, legalAuthority, Section 13(3) of the Federal Reserve Act]

• A. Federal Reserve Reform Act of 1977
  The Federal Reserve Reform Act of 1977 was a U.S. law that strengthened congressional oversight of the Federal Reserve and clarified its monetary policy objectives, including promoting maximum employment and price stability.
• B. Section 13(f) of the Securities Exchange Act of 1934
  Section 13(f) of the Securities Exchange Act of 1934 is a U.S. securities law provision that requires institutional investment managers above a certain asset threshold to publicly disclose their equity holdings in quarterly reports to the SEC.
• C. Fifth Amendment of the Articles of Agreement of the International Monetary Fund
  The Fifth Amendment of the Articles of Agreement of the International Monetary Fund is a formal revision to the IMF’s founding charter that updated its legal and institutional framework to reflect evolving international monetary and financial conditions.
• D. Federal Reserve Act of 1913
  The Federal Reserve Act of 1913 is the U.S. law that created the Federal Reserve System as the nation’s central bank to provide a safer, more flexible, and more stable monetary and financial system.
• E. Second Amendment of the Articles of Agreement of the International Monetary Fund
  The Second Amendment of the Articles of Agreement of the International Monetary Fund is a major 1970s reform package that overhauled the IMF’s legal framework, including ending the formal gold standard and redefining members’ exchange rate and reserve asset arrangements.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: Section 13(3) of the Federal Reserve Act
Triple: [Primary Dealer Credit Facility, legalAuthority, Section 13(3) of the Federal Reserve Act]

Section 13(3) of the Federal Reserve Act is a U.S. law provision that authorizes the Federal Reserve to extend emergency lending to nonbank institutions and markets under “unusual and exigent” circumstances.

Target entity: Section 13(3) of the Federal Reserve Act
Target entity description: Section 13(3) of the Federal Reserve Act is a U.S. law provision that authorizes the Federal Reserve to extend emergency lending to nonbank institutions and markets under “unusual and exigent” circumstances.

• A. Federal Reserve Reform Act of 1977
  The Federal Reserve Reform Act of 1977 was a U.S. law that strengthened congressional oversight of the Federal Reserve and clarified its monetary policy objectives, including promoting maximum employment and price stability.
• B. Section 13(f) of the Securities Exchange Act of 1934
  Section 13(f) of the Securities Exchange Act of 1934 is a U.S. securities law provision that requires institutional investment managers above a certain asset threshold to publicly disclose their equity holdings in quarterly reports to the SEC.
• C. Fifth Amendment of the Articles of Agreement of the International Monetary Fund
  The Fifth Amendment of the Articles of Agreement of the International Monetary Fund is a formal revision to the IMF’s founding charter that updated its legal and institutional framework to reflect evolving international monetary and financial conditions.
• D. Federal Reserve Act of 1913
  The Federal Reserve Act of 1913 is the U.S. law that created the Federal Reserve System as the nation’s central bank to provide a safer, more flexible, and more stable monetary and financial system.
• E. Second Amendment of the Articles of Agreement of the International Monetary Fund
  The Second Amendment of the Articles of Agreement of the International Monetary Fund is a major 1970s reform package that overhauled the IMF’s legal framework, including ending the formal gold standard and redefining members’ exchange rate and reserve asset arrangements.
• F. None of above. chosen