| Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency | | Agencies Issue Statement on LIBOR Transition | | | 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. # # # 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 | | | | | | | | | FDIC: PR-129-2020 | | The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. | | | |
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