Operating Policy
Statement Regarding the Publication of Reference Rates on Thursday, January 9, 2025
January 2, 2025

The Securities Industry and Financial Markets Association has recommended an early market close on Thursday, January 9, 2025, in recognition of the National Day of Mourning for former President Jimmy Carter. Given that the Treasury repo market is expected to be open, there will be no planned change to the publication of the Tri-Party General Collateral Rate (TGCR), Broad General Collateral Rate (BGCR), Secured Overnight Financing Rate (SOFR), or SOFR Averages and Index on, or for, that day.

Publication of the Effective Federal Funds Rate (EFFR) and Overnight Bank Funding Rate (OBFR) follows the New York Fed’s Holiday Schedule, which remains unchanged.  As a result, the EFFR and OBFR will also be published on, and for, Thursday, January 9, 2025.

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