diff --git a/CHANGELOG.md b/CHANGELOG.md
index 928258b1..cc76720d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Changelog
 
+### [0.16.1](https://www.github.com/googleapis/java-shared-dependencies/compare/0.16.0...v0.16.1) (2020-12-14)
+
+
+### Dependencies
+
+* rollback gRPC to 1.33.1 ([#234](https://www.github.com/googleapis/java-shared-dependencies/issues/234)) ([67cc384](https://www.github.com/googleapis/java-shared-dependencies/commit/67cc384bacab8592d5bbc92db2469affee473eb7))
+* update dependency com.google.auth:google-auth-library-bom to v0.22.1 ([#229](https://www.github.com/googleapis/java-shared-dependencies/issues/229)) ([1c13161](https://www.github.com/googleapis/java-shared-dependencies/commit/1c13161fa289cd5f3923f389fd5b14f3b7b4a84d))
+* update dependency com.google.auth:google-auth-library-bom to v0.22.2 ([#235](https://www.github.com/googleapis/java-shared-dependencies/issues/235)) ([67434eb](https://www.github.com/googleapis/java-shared-dependencies/commit/67434eb4bb0789abcabb3055155672b2c2e70125))
+* update iam.version to v1.0.4 ([#231](https://www.github.com/googleapis/java-shared-dependencies/issues/231)) ([5edf99e](https://www.github.com/googleapis/java-shared-dependencies/commit/5edf99e0149a1b70eb52b8921e9eb04fb84d9160))
+
 ## [0.16.0](https://www.github.com/googleapis/java-shared-dependencies/compare/0.15.0...v0.16.0) (2020-12-02)
 
 
diff --git a/README.md b/README.md
index fc84aac6..fe722669 100644
--- a/README.md
+++ b/README.md
@@ -14,7 +14,7 @@ If you are using Maven, use this artifact as your project's parent.
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-shared-dependencies</artifactId>
-      <version>0.16.0</version>
+      <version>0.16.1</version>
       <type>pom</type>
       <scope>import</scope>
     </dependency>
diff --git a/pom.xml b/pom.xml
index 8b6a10db..38a1ed5e 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-shared-dependencies</artifactId>
   <packaging>pom</packaging>
-  <version>0.16.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>0.16.1</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Google Cloud Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
diff --git a/versions.txt b/versions.txt
index 94fbc8d5..542c177b 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,4 +1,4 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-shared-dependencies:0.16.0:0.16.1-SNAPSHOT
\ No newline at end of file
+google-cloud-shared-dependencies:0.16.1:0.16.1
\ No newline at end of file