On April 3, 2018, the U.S. Federal Reserve Bank of New York, in conjunction with the Office of Financial Research, introduced three new reference rates. These three rates, the Secured Overnight Financing Rate, the Broad General Collateral Rate and the Tri-Party General Collateral Rate, are based upon overnight repurchase agreement transactions collateralized by Treasury Securities. The Federal Reserve Bank of New York has previously published indicative historical data for these three new rates. In connection with the production of these new rates, the Federal Reserve Bank of New York indicated that it plans to update its International Organization of Securities Commissions statement of compliance during the second quarter of 2018 to include these rates.
The Federal Reserve Bank of New York's announcement is available at: https://www.newyorkfed.org/markets/opolicy/operating_policy_180403.
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