diff --git a/configure.ac b/configure.ac
index 8ac0c5d056..fd98607647 100644
--- a/configure.ac
+++ b/configure.ac
@@ -5,7 +5,7 @@ AC_PREREQ([2.59])
 
 # Initialize with name, version, and support email address.
 AC_INIT([GFDL FMS Library],
-  [2019.01.02],
+  [2019.01.03],
   [gfdl.climate.model.info@noaa.gov],
   [FMS],
   [https://www.gfdl.noaa.gov/fms])
diff --git a/libFMS/Makefile.am b/libFMS/Makefile.am
index 77aa5d8a19..d795ec555f 100644
--- a/libFMS/Makefile.am
+++ b/libFMS/Makefile.am
@@ -9,7 +9,7 @@ lib_LTLIBRARIES = libFMS.la
 # These linker flags specify libtool version info.
 # See http://www.gnu.org/software/libtool/manual/libtool.html#Libtool-versioning
 # for information regarding incrementing `-version-info`.
-libFMS_la_LDFLAGS = -version-info 2:2:1
+libFMS_la_LDFLAGS = -version-info 2:3:0
 
 # Add the convenience libraries to the FMS library.
 libFMS_la_LIBADD = ${top_builddir}/platform/libplatform.la