diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5ef1e7d4d..6ec67aaaf 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## [1.16.1](https://github.com/googleapis/google-auth-library-java/compare/v1.16.0...v1.16.1) (2023-04-07)
+
+
+### Bug Fixes
+
+* Make supporting classes of AwsCredentials serializable ([#1113](https://github.com/googleapis/google-auth-library-java/issues/1113)) ([82bf871](https://github.com/googleapis/google-auth-library-java/commit/82bf871125b8473677a499c979ab9a843972c930))
+* Remove AWS credential source validation. ([#1177](https://github.com/googleapis/google-auth-library-java/issues/1177)) ([77a99c9](https://github.com/googleapis/google-auth-library-java/commit/77a99c9cfab3c1ce2db50c92e89fc292efaeb3ab))
+
 ## [1.16.0](https://github.com/googleapis/google-auth-library-java/compare/v1.15.0...v1.16.0) (2023-02-15)
 
 
diff --git a/appengine/pom.xml b/appengine/pom.xml
index 68276ba95..ba9416175 100644
--- a/appengine/pom.xml
+++ b/appengine/pom.xml
@@ -5,7 +5,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.16.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.16.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/bom/pom.xml b/bom/pom.xml
index 31e9e4609..e6880a344 100644
--- a/bom/pom.xml
+++ b/bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.auth</groupId>
   <artifactId>google-auth-library-bom</artifactId>
-  <version>1.16.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-bom:current} -->
+  <version>1.16.1</version><!-- {x-version-update:google-auth-library-bom:current} -->
   <packaging>pom</packaging>
   <name>Google Auth Library for Java BOM</name>
   <description>
diff --git a/credentials/pom.xml b/credentials/pom.xml
index 3015a2300..79876dc46 100644
--- a/credentials/pom.xml
+++ b/credentials/pom.xml
@@ -4,7 +4,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.16.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.16.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/oauth2_http/pom.xml b/oauth2_http/pom.xml
index 1bc056bbc..bdc149fae 100644
--- a/oauth2_http/pom.xml
+++ b/oauth2_http/pom.xml
@@ -7,7 +7,7 @@
   <parent>
     <groupId>com.google.auth</groupId>
     <artifactId>google-auth-library-parent</artifactId>
-    <version>1.16.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+    <version>1.16.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
     <relativePath>../pom.xml</relativePath>
   </parent>
 
diff --git a/pom.xml b/pom.xml
index 5a3f652ea..7a0c528fd 100644
--- a/pom.xml
+++ b/pom.xml
@@ -5,7 +5,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.auth</groupId>
   <artifactId>google-auth-library-parent</artifactId>
-  <version>1.16.1-SNAPSHOT</version><!-- {x-version-update:google-auth-library-parent:current} -->
+  <version>1.16.1</version><!-- {x-version-update:google-auth-library-parent:current} -->
   <packaging>pom</packaging>
   <name>Google Auth Library for Java</name>
   <description>Client libraries providing authentication and
diff --git a/versions.txt b/versions.txt
index 63cb9c98e..60e9ed409 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,9 +1,9 @@
 # Format:
 # module:released-version:current-version
 
-google-auth-library:1.16.0:1.16.1-SNAPSHOT
-google-auth-library-bom:1.16.0:1.16.1-SNAPSHOT
-google-auth-library-parent:1.16.0:1.16.1-SNAPSHOT
-google-auth-library-appengine:1.16.0:1.16.1-SNAPSHOT
-google-auth-library-credentials:1.16.0:1.16.1-SNAPSHOT
-google-auth-library-oauth2-http:1.16.0:1.16.1-SNAPSHOT
+google-auth-library:1.16.1:1.16.1
+google-auth-library-bom:1.16.1:1.16.1
+google-auth-library-parent:1.16.1:1.16.1
+google-auth-library-appengine:1.16.1:1.16.1
+google-auth-library-credentials:1.16.1:1.16.1
+google-auth-library-oauth2-http:1.16.1:1.16.1