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Secured Overnight Financing Rate

LIBOR Transitions to SOFR 

Changes to benchmark reference rates announced by the British Financial Conduct Authority in 2017 are underway for FHLB Dallas members and markets affected by London Interbank Offered Rate (LIBOR). LIBOR may no longer be available and/or reliable for financial institutions after 2021. Secured Overnight Financing Rate (SOFR) is the recommended alternative by the Alternative Reference Rate Committee (ARRC). The Federal Reserve Bank of New York publishes SOFR rates daily. Visit this page frequently for resources about SOFR as articles and new information are added, or click the "email sign up" to be notified of updates. 

FHLB Dallas Launches SOFR-Linked Advance 

FHLB Dallas is pleased to announce the availability of the new SOFR-Linked advance, a fixed-term, floating-rate, nonamortizing advance that is indexed to SOFR. Read about what it is and how it works in bulletin No. 2019-29, the following white paper or product sheet


LIBOR Timeline Available

Click here for the latest LIBOR/SOFR transition timeline from ARRC.

ARRC Recommended Best Practices for Completing the Transition from LIBOR

Click here for more information on ARRC recommended best practices.


Informational Articles

FDIC Supervisory Insights Winter 2018

View information on transitions in financial instrument reference rates.

LIBOR to SOFR: What Financial Institutions Need to Know

Explore tips to help financial institutions prepare for the change and more in the following article from the latest issue of Dividends.

Alternative Reference Rates Committee

Learn about the private-market participants group assembled by the Federal Reserve Board and the New York Fed.


FAQs and Other Resources

SOFR Frequently Asked Questions

Read the most frequently asked questions on the LIBOR and SOFR transition.

LIBOR Transition Checklist

Use this practical checklist published by the Alternative Reference Rates Committee to encourage operational readiness for the LIBOR transition at your institution.

LIBOR/SOFR Transition Webinar

View this informative video to learn more about the LIBOR transition.







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