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

There are currently no upcoming auctions.

Results

F-auction

1 April 2026. Result of F-deposit with floating interest rate with a term from 01.04.2026 to 07.04.2026.

Bid volume: NOK 186249 million
Allotment volume: NOK 177000 million
Allotment at the marginal rate: 94.64%

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-auction

31 March 2026. Result of F-loan with fixed interest rate with a term from 31.03.2026 to 01.04.2026.

Bid volume: NOK 20 million
Allotment volume: NOK 20 million
Allotment at the marginal rate: 100.00%

Rates at auction

Highest accepted interest rate: 4.15%
Lowest accepted interest rate: 4.15%
Weighted average interest rate: 4.15%

F-auction

31 March 2026. Result of F-deposit with floating interest rate with a term from 31.03.2026 to 01.04.2026.

Bid volume: NOK 190246 million
Allotment volume: NOK 184000 million
Allotment at the marginal rate: 93.85%

Rates at auction

Highest accepted interest rate: 4.00%
Lowest accepted interest rate: 3.90%
Weighted average interest rate: 3.98%

* 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