Exhibit 12.1 | |||||
FHLBANK TOPEKA | |||||
CALCULATION OF EARNINGS TO FIXED CHARGES | |||||
12/31/2011 | |||||
(Thousands) | |||||
12/31/2011 | 12/31/2010 | 12/31/2009 | 12/31/2008 | 12/31/2007 | |
Earnings | |||||
Income Before Assessments | 97,759 | 45,701 | 322,192 | 38,777 | 204,816 |
Total Fixed Charges | 315,561 | 380,135 | 575,165 | 1,642,925 | 2,517,128 |
Capitalized Interest | - | - | - | - | - |
Total Earnings | 413,320 | 425,836 | 897,357 | 1,681,702 | 2,721,944 |
Fixed Charges | |||||
Interest Expense1 | 315,561 | 380,135 | 575,165 | 1,642,925 | 2,517,128 |
Capitalized Interest | - | - | - | - | - |
Estimated Interest Attributable to Rental Expense 2 | - | - | - | - | - |
Total Fixed Charges | 315,561 | 380,135 | 575,165 | 1,642,925 | 2,517,128 |
Earnings to Fixed Charges Ratio | 1.31 | 1.12 | 1.56 | 1.02 | 1.08 |
1 For purposes of this calculation the amortization of premium, discount, and capitalized expenses related to | |||||
indebtedness are included in interest expense and have not been separately displayed in this calculation. | |||||
2 The FHLBank has rental expense; however, has not placed an estimated of the interest expense included | |||||
in rental expense in this calculation as the amount is very minimal. |
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10-K Filing
Federal Home Loan Bank of Topeka 10-K2011 FY Annual report
Filed: 19 Mar 12, 12:00am