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LIBOR Transition

Changes to benchmark reference rates are underway, affecting the FHLBank San Francisco, our members, and other market participants that use instruments with components tied to the London Interbank Offered Rate (LIBOR). As a result of these changes, LIBOR may no longer be available or reliable for financial market participants after 2021. 

The Secured Overnight Financing Rate (SOFR) is the alternative rate recommended by the Alternative Reference Rates Committee (AARC). The Federal Reserve Bank of New York publishes SOFR rates daily.

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