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When will London Interbank Offered Rate (LIBOR) be phased out?

U.S. Dollar LIBOR rates cover a range of lending terms (overnight, 1 week, 1/2/3/6 months, and 12 months). The publication of USD LIBOR one week and two-month maturities stopped on December 31, 2021. All remaining USD LIBOR maturities are expected to cease publication after June 30, 2023.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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