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Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency |
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Agencies Issue Statement on LIBOR Transition
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WASHINGTON—The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today issued a statement encouraging banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable and in any event by December 31, 2021, in order to facilitate an orderly—and safe and sound— LIBOR transition.
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Attachment:
Interagency LIBOR Statement
Media Contacts:
| FDIC |
David Barr |
(703) 622-4790 |
| Federal Reserve |
Darren Gersh |
(202) 452-2955 |
| OCC |
Bryan Hubbard |
(202) 649-6870 |
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FDIC: PR-129-2020
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