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 ArticlesFDIC 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 ResourcesSOFR 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.