Fed extends SOFR Averages and SOFR Index comments to Jan 10 2020

Extension of Public Comment Period on a Proposed Publication of SOFR Averages and a SOFR Index

On November 4, 2019, the Federal Reserve Bank of New York (New York Fed) solicited public comment on a proposal to publish, in cooperation with the Treasury Department’s Office of Financial Research (OFR), three compounded averages of the Secured Overnight Financing Rate (SOFR), along with a daily SOFR Index. The initial deadline for comments was December 4, 2019, but in response to several requests for additional time, this deadline is being extended to January 10, 2020.

Comments should be submitted to the New York Fed by January 10, 2020 via email to rateproduction@ny.frb.org.

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