Exhibit 12.1 | |||||
FHLBANK TOPEKA | |||||
CALCULATION OF EARNINGS TO FIXED CHARGES | |||||
12/31/2012 | |||||
(Thousands) | |||||
12/31/2012 | 12/31/2011 | 12/31/2010 | 12/31/2009 | 12/31/2008 | |
Earnings | |||||
Income Before Assessments | 122,572 | 97,759 | 45,701 | 322,192 | 38,777 |
Total Fixed Charges | 275,103 | 315,561 | 380,135 | 575,165 | 1,642,925 |
Capitalized Interest | - | - | - | - | - |
Total Earnings | 397,675 | 413,320 | 425,836 | 897,357 | 1,681,702 |
Fixed Charges | |||||
Interest Expense1 | 275,103 | 315,561 | 380,135 | 575,165 | 1,642,925 |
Capitalized Interest | - | - | - | - | - |
Estimated Interest Attributable to Rental Expense 2 | - | - | - | - | - |
Total Fixed Charges | 275,103 | 315,561 | 380,135 | 575,165 | 1,642,925 |
Earnings to Fixed Charges Ratio | 1.45 | 1.31 | 1.12 | 1.56 | 1.02 |
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-K2012 FY Annual report
Filed: 15 Mar 13, 12:00am