Operating Policy
Statement Regarding the Publication of Reference Rates on Wednesday, December 5, 2018
December 4, 2018

Due to the Securities Industry and Financial Markets Association’s recommended market close in honor of the national day of mourning for former President George H. W. Bush on Wednesday, December 5, there will be no publication of the Secured Overnight Financing Rate (SOFR), the Broad General Collateral Rate (BGCR), or the Tri-Party General Collateral Rate (TGCR) on that day. The subsequent publication of these rates will occur on the morning of Thursday, December 6, and will reflect activity from Tuesday, December 4, including transactions that mature on December 5 and December 6.

As publication of the Effective Federal Funds Rate (EFFR) and Overnight Bank Funding Rate (OBFR) follow the Federal Reserve Bank of New York’s holiday schedule, there will be no change to the scheduled publication of either rate on Wednesday December 5.