Norges Bank

F-loans and F-deposits

Norges Bank uses market operations, called “F-loans” and “F-deposits”, to manage the quantity of reserves in the banking system. In order to participate in F-loan and F-deposit auctions, counterparties must have registered users and access to the F-auction system. 

Auction announcements

F-deposit with floating interest rate - Auction no 10781


28 October 2025 Offer of F-deposit with floating interest rate with a term from 28.10.2025 to 31.10.2025 and a bidding deadline of 15:50 on 28.10.2025. Ordinary auction and open bid volume. Lowest volume per bid is NOK 10 million. Go to Norges Bank's website to submit a bid.

Results

F-deposit with floating interest rate, 22 October 2025 - Auction no 10780

F-auction

22 October 2025. Result of F-deposit with floating interest rate with a term from 22.10.2025 to 28.10.2025.

Bid volume
NOK 95125 million
Allotment volume
NOK 81000 million
Allotment at the marginal rate
84.68%
Rates at auction
Highest accepted interest rate
4.00%
Lowest accepted interest rate
3.95%
Weighted average interest rate
4.00%

* If the sight deposit rate is changed during the term of the operation, the banks' accepted interest rate will be changed accordingly.

F-deposit with floating interest rate, 17 October 2025 - Auction no 10779

F-auction

17 October 2025. Result of F-deposit with floating interest rate with a term from 17.10.2025 to 22.10.2025.

Bid volume
NOK 101400 million
Allotment volume
NOK 83000 million
Allotment at the marginal rate
81.38%
Rates at auction
Highest accepted interest rate
4.00%
Lowest accepted interest rate
3.98%
Weighted average interest rate
4.00%

* If the sight deposit rate is changed during the term of the operation, the banks' accepted interest rate will be changed accordingly.

F-deposit with floating interest rate, 16 October 2025 - Auction no 10778

F-auction

16 October 2025. Result of F-deposit with floating interest rate with a term from 16.10.2025 to 17.10.2025.

Bid volume
NOK 63960 million
Allotment volume
NOK 53000 million
Allotment at the marginal rate
82.55%
Rates at auction
Highest accepted interest rate
4.00%
Lowest accepted interest rate
3.99%
Weighted average interest rate
4.00%

* If the sight deposit rate is changed during the term of the operation, the banks' accepted interest rate will be changed accordingly.

F-deposit with floating interest rate, 15 October 2025 - Auction no 10777

F-auction

15 October 2025. Result of F-deposit with floating interest rate with a term from 15.10.2025 to 16.10.2025.

Bid volume
NOK 58700 million
Allotment volume
NOK 46000 million
Allotment at the marginal rate
77.89%
Rates at auction
Highest accepted interest rate
4.00%
Lowest accepted interest rate
3.98%
Weighted average interest rate
4.00%

* If the sight deposit rate is changed during the term of the operation, the banks' accepted interest rate will be changed accordingly.

F-loan in USD

There are currently no upcoming auctions in USD

Contact

General questions:
Domestic Markets Unit in the Markets Department
Tel. +47 22 31 61 60

Technical questions:
Tel. +47 22 31 65 55