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 10711


31 March 2025 Offer of F-deposit with floating interest rate with a term from 31.03.2025 to 01.04.2025 and a bidding deadline of 15:50 on 31.03.2025. Ordinary auction and open bid volume. Lowest volume per bid is NOK 10 million. Go to Norges Bank's website to submit a bid.

F-loan with fixed interest rate - Auction no 10712


31 March 2025 Offer of quarter-end F-loan with fixed interest rate with a term from 31.03.2025 to 01.04.2025 and a bidding deadline of 16:10 on 31.03.2025. Set auction rate 4.65 percent 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, 26 March 2025 - Auction no 10710

F-auction

26 March 2025. Result of F-deposit with floating interest rate with a term from 26.03.2025 to 01.04.2025.

Bid volume
NOK 111035 million
Allotment volume
NOK 111035 million
Allotment at the marginal rate
100.00%
Rates at auction
Highest accepted interest rate
4.50%
Lowest accepted interest rate
4.49%
Weighted average interest rate
4.50%

* 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, 25 March 2025 - Auction no 10709

F-auction

25 March 2025. Result of F-deposit with floating interest rate with a term from 25.03.2025 to 26.03.2025.

Bid volume
NOK 6005 million
Allotment volume
NOK 4000 million
Allotment at the marginal rate
33.83%
Rates at auction
Highest accepted interest rate
4.50%
Lowest accepted interest rate
4.49%
Weighted average interest rate
4.49%

* 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, 24 March 2025 - Auction no 10708

F-auction

24 March 2025. Result of F-deposit with floating interest rate with a term from 24.03.2025 to 26.03.2025.

Bid volume
NOK 98038 million
Allotment volume
NOK 98038 million
Allotment at the marginal rate
100.00%
Rates at auction
Highest accepted interest rate
4.50%
Lowest accepted interest rate
4.45%
Weighted average interest rate
4.50%

* 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