diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1d518016f22..62847c62d83 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## [6.40.1](https://github.com/googleapis/java-spanner/compare/v6.40.0...v6.40.1) (2023-04-17)
+
+
+### Dependencies
+
+* Update dependency com.google.cloud:google-cloud-monitoring to v3.16.0 ([#2383](https://github.com/googleapis/java-spanner/issues/2383)) ([5d5c33a](https://github.com/googleapis/java-spanner/commit/5d5c33ae7c01e10112c72777f202187a50b55ac3))
+* Update dependency com.google.cloud:google-cloud-trace to v2.15.0 ([#2384](https://github.com/googleapis/java-spanner/issues/2384)) ([6b4ce1f](https://github.com/googleapis/java-spanner/commit/6b4ce1fc7ffd837fab6250e36269589d95f5b8c6))
+
 ## [6.40.0](https://github.com/googleapis/java-spanner/compare/v6.39.0...v6.40.0) (2023-04-14)
 
 
diff --git a/README.md b/README.md
index 14f5dae7885..59f82c45492 100644
--- a/README.md
+++ b/README.md
@@ -42,7 +42,7 @@ If you are using Maven without the BOM, add this to your dependencies:
 <dependency>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-spanner</artifactId>
-  <version>6.39.0</version>
+  <version>6.40.0</version>
 </dependency>
 
 ```
@@ -57,13 +57,13 @@ implementation 'com.google.cloud:google-cloud-spanner'
 If you are using Gradle without BOM, add this to your dependencies:
 
 ```Groovy
-implementation 'com.google.cloud:google-cloud-spanner:6.39.0'
+implementation 'com.google.cloud:google-cloud-spanner:6.40.0'
 ```
 
 If you are using SBT, add this to your dependencies:
 
 ```Scala
-libraryDependencies += "com.google.cloud" % "google-cloud-spanner" % "6.39.0"
+libraryDependencies += "com.google.cloud" % "google-cloud-spanner" % "6.40.0"
 ```
 <!-- {x-version-update-end} -->
 
@@ -411,7 +411,7 @@ Java is a registered trademark of Oracle and/or its affiliates.
 [kokoro-badge-link-5]: http://storage.googleapis.com/cloud-devrel-public/java/badges/java-spanner/java11.html
 [stability-image]: https://img.shields.io/badge/stability-stable-green
 [maven-version-image]: https://img.shields.io/maven-central/v/com.google.cloud/google-cloud-spanner.svg
-[maven-version-link]: https://central.sonatype.com/artifact/com.google.cloud/google-cloud-spanner/6.39.0
+[maven-version-link]: https://central.sonatype.com/artifact/com.google.cloud/google-cloud-spanner/6.40.0
 [authentication]: https://github.com/googleapis/google-cloud-java#authentication
 [auth-scopes]: https://developers.google.com/identity/protocols/oauth2/scopes
 [predefined-iam-roles]: https://cloud.google.com/iam/docs/understanding-roles#predefined_roles
diff --git a/google-cloud-spanner-bom/pom.xml b/google-cloud-spanner-bom/pom.xml
index 6e3c3106671..334e33464eb 100644
--- a/google-cloud-spanner-bom/pom.xml
+++ b/google-cloud-spanner-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-spanner-bom</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+  <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -53,48 +53,48 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-spanner</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+        <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-spanner-executor</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner-executor:current} -->
+        <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner-executor:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-spanner</artifactId>
         <type>test-jar</type>
-        <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+        <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-spanner-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-spanner-admin-instance-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-instance-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-instance-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-spanner-admin-database-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-database-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-database-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-spanner-admin-instance-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-admin-instance-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-admin-instance-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-spanner-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-spanner-admin-database-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-admin-database-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-admin-database-v1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-spanner-executor/pom.xml b/google-cloud-spanner-executor/pom.xml
index 5a0ce5076b9..28db2caaa8d 100644
--- a/google-cloud-spanner-executor/pom.xml
+++ b/google-cloud-spanner-executor/pom.xml
@@ -5,14 +5,14 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-spanner-executor</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner-executor:current} -->
+  <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner-executor:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Spanner Executor</name>
 
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-spanner-parent</artifactId>
-    <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+    <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   </parent>
 
   <properties>
diff --git a/google-cloud-spanner/pom.xml b/google-cloud-spanner/pom.xml
index 3525c9a934e..b2f95ce2bc9 100644
--- a/google-cloud-spanner/pom.xml
+++ b/google-cloud-spanner/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-spanner</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+  <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Spanner</name>
   <url>https://github.com/googleapis/java-spanner</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-spanner-parent</artifactId>
-    <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+    <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-spanner</site.installationModule>
diff --git a/grpc-google-cloud-spanner-admin-database-v1/pom.xml b/grpc-google-cloud-spanner-admin-database-v1/pom.xml
index 19320410175..59c6693a105 100644
--- a/grpc-google-cloud-spanner-admin-database-v1/pom.xml
+++ b/grpc-google-cloud-spanner-admin-database-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-spanner-admin-database-v1</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-database-v1:current} -->
+  <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-database-v1:current} -->
   <name>grpc-google-cloud-spanner-admin-database-v1</name>
   <description>GRPC library for grpc-google-cloud-spanner-admin-database-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-spanner-parent</artifactId>
-    <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+    <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/grpc-google-cloud-spanner-admin-instance-v1/pom.xml b/grpc-google-cloud-spanner-admin-instance-v1/pom.xml
index 39e7761f61f..ed44f80a589 100644
--- a/grpc-google-cloud-spanner-admin-instance-v1/pom.xml
+++ b/grpc-google-cloud-spanner-admin-instance-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-spanner-admin-instance-v1</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-instance-v1:current} -->
+  <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-instance-v1:current} -->
   <name>grpc-google-cloud-spanner-admin-instance-v1</name>
   <description>GRPC library for grpc-google-cloud-spanner-admin-instance-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-spanner-parent</artifactId>
-    <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+    <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/grpc-google-cloud-spanner-v1/pom.xml b/grpc-google-cloud-spanner-v1/pom.xml
index e4719f5eee8..72b7250ac23 100644
--- a/grpc-google-cloud-spanner-v1/pom.xml
+++ b/grpc-google-cloud-spanner-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-spanner-v1</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-v1:current} -->
+  <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-v1:current} -->
   <name>grpc-google-cloud-spanner-v1</name>
   <description>GRPC library for grpc-google-cloud-spanner-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-spanner-parent</artifactId>
-    <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+    <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 2e2a0eaaeae..d10cddf9b19 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-spanner-parent</artifactId>
   <packaging>pom</packaging>
-  <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+  <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   <name>Google Cloud Spanner Parent</name>
   <url>https://github.com/googleapis/java-spanner</url>
   <description>
@@ -62,37 +62,37 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-spanner-admin-instance-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-admin-instance-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-admin-instance-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-spanner-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-spanner-admin-database-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-admin-database-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-admin-database-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-spanner-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-spanner-admin-instance-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-instance-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-instance-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-spanner-admin-database-v1</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-database-v1:current} -->
+        <version>6.40.1</version><!-- {x-version-update:grpc-google-cloud-spanner-admin-database-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-spanner</artifactId>
-        <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+        <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-cloud-spanner-admin-database-v1/pom.xml b/proto-google-cloud-spanner-admin-database-v1/pom.xml
index 5cf4d059f99..af69d02a9d0 100644
--- a/proto-google-cloud-spanner-admin-database-v1/pom.xml
+++ b/proto-google-cloud-spanner-admin-database-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-spanner-admin-database-v1</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-admin-database-v1:current} -->
+  <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-admin-database-v1:current} -->
   <name>proto-google-cloud-spanner-admin-database-v1</name>
   <description>PROTO library for proto-google-cloud-spanner-admin-database-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-spanner-parent</artifactId>
-    <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+    <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/proto-google-cloud-spanner-admin-instance-v1/pom.xml b/proto-google-cloud-spanner-admin-instance-v1/pom.xml
index c782601a6a4..fca6f70b069 100644
--- a/proto-google-cloud-spanner-admin-instance-v1/pom.xml
+++ b/proto-google-cloud-spanner-admin-instance-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-spanner-admin-instance-v1</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-admin-instance-v1:current} -->
+  <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-admin-instance-v1:current} -->
   <name>proto-google-cloud-spanner-admin-instance-v1</name>
   <description>PROTO library for proto-google-cloud-spanner-admin-instance-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-spanner-parent</artifactId>
-    <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+    <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/proto-google-cloud-spanner-v1/pom.xml b/proto-google-cloud-spanner-v1/pom.xml
index afcedbd335e..9df60a5df8c 100644
--- a/proto-google-cloud-spanner-v1/pom.xml
+++ b/proto-google-cloud-spanner-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-spanner-v1</artifactId>
-  <version>6.40.0</version><!-- {x-version-update:proto-google-cloud-spanner-v1:current} -->
+  <version>6.40.1</version><!-- {x-version-update:proto-google-cloud-spanner-v1:current} -->
   <name>proto-google-cloud-spanner-v1</name>
   <description>PROTO library for proto-google-cloud-spanner-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-spanner-parent</artifactId>
-    <version>6.40.0</version><!-- {x-version-update:google-cloud-spanner:current} -->
+    <version>6.40.1</version><!-- {x-version-update:google-cloud-spanner:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/install-without-bom/pom.xml b/samples/install-without-bom/pom.xml
index 82a252b9ed0..3626aa29c27 100644
--- a/samples/install-without-bom/pom.xml
+++ b/samples/install-without-bom/pom.xml
@@ -22,8 +22,8 @@
     <maven.compiler.source>1.8</maven.compiler.source>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
     <opencensus.version>0.31.1</opencensus.version>
-    <trace.version>2.14.0</trace.version>
-    <cloudmonitoring.version>3.15.0</cloudmonitoring.version>
+    <trace.version>2.15.0</trace.version>
+    <cloudmonitoring.version>3.16.0</cloudmonitoring.version>
   </properties>
 
 
@@ -32,7 +32,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-spanner</artifactId>
-      <version>6.39.0</version>
+      <version>6.40.0</version>
     </dependency>
     <!-- [END spanner_install_without_bom] -->
     
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index a4154ddd75d..803b88b67b1 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -22,8 +22,8 @@
     <maven.compiler.source>1.8</maven.compiler.source>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
     <opencensus.version>0.31.1</opencensus.version>
-    <trace.version>2.14.0</trace.version>
-    <cloudmonitoring.version>3.15.0</cloudmonitoring.version>
+    <trace.version>2.15.0</trace.version>
+    <cloudmonitoring.version>3.16.0</cloudmonitoring.version>
   </properties>
 
   <dependencies>
@@ -31,7 +31,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-spanner</artifactId>
-      <version>6.40.0</version>
+      <version>6.40.1</version>
     </dependency>
     <!-- {x-version-update-end} -->
     
diff --git a/versions.txt b/versions.txt
index 7e4e442a94b..641b9d0fb9e 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,11 +1,11 @@
 # Format:
 # module:released-version:current-version
 
-proto-google-cloud-spanner-admin-instance-v1:6.40.0:6.40.0
-proto-google-cloud-spanner-v1:6.40.0:6.40.0
-proto-google-cloud-spanner-admin-database-v1:6.40.0:6.40.0
-grpc-google-cloud-spanner-v1:6.40.0:6.40.0
-grpc-google-cloud-spanner-admin-instance-v1:6.40.0:6.40.0
-grpc-google-cloud-spanner-admin-database-v1:6.40.0:6.40.0
-google-cloud-spanner:6.40.0:6.40.0
-google-cloud-spanner-executor:6.40.0:6.40.0
+proto-google-cloud-spanner-admin-instance-v1:6.40.1:6.40.1
+proto-google-cloud-spanner-v1:6.40.1:6.40.1
+proto-google-cloud-spanner-admin-database-v1:6.40.1:6.40.1
+grpc-google-cloud-spanner-v1:6.40.1:6.40.1
+grpc-google-cloud-spanner-admin-instance-v1:6.40.1:6.40.1
+grpc-google-cloud-spanner-admin-database-v1:6.40.1:6.40.1
+google-cloud-spanner:6.40.1:6.40.1
+google-cloud-spanner-executor:6.40.1:6.40.1