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 10804
15 December 2025
Offer of F-deposit with floating interest rate
with a term from 15.12.2025 to 16.12.2025
and a bidding deadline of 15:50 on 15.12.2025.
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, 12 December 2025 - Auction no 10803
F-auction
12 December 2025. Result of F-deposit with floating interest rate with a term from 12.12.2025 to 15.12.2025.
- Bid volume
- NOK 10620 million
- Allotment volume
- NOK 10620 million
- Allotment at the marginal rate
- 100.00%
Rates at auction
- Highest accepted interest rate
- 4.00%
- Lowest accepted interest rate
- 3.96%
- 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, 11 December 2025 - Auction no 10802
F-auction
11 December 2025. Result of F-deposit with floating interest rate with a term from 11.12.2025 to 15.12.2025.
- Bid volume
- NOK 121820 million
- Allotment volume
- NOK 113000 million
- Allotment at the marginal rate
- 92.58%
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, 10 December 2025 - Auction no 10801
F-auction
10 December 2025. Result of F-deposit with floating interest rate with a term from 10.12.2025 to 11.12.2025.
- Bid volume
- NOK 70800 million
- Allotment volume
- NOK 60000 million
- Allotment at the marginal rate
- 84.30%
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, 8 December 2025 - Auction no 10800
F-auction
8 December 2025. Result of F-deposit with floating interest rate with a term from 08.12.2025 to 10.12.2025.
- Bid volume
- NOK 135300 million
- Allotment volume
- NOK 131000 million
- Allotment at the marginal rate
- 96.76%
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-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