Attached files
Exhibit 12.1
Years Ended December 31, | |||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
Earnings: |
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Income before assessments and cumulative effect of change in accounting principle |
$ | 386,020 | $ | 345,591 | $ | 606,819 | $ | 564,798 | $ | 473,406 | |||||
Fixed charges |
1,867,296 | 5,787,159 | 7,712,290 | 6,515,669 | 4,373,095 | ||||||||||
Earnings available for fixed charges |
$ | 2,253,316 | $ | 6,132,750 | $ | 8,319,109 | $ | 7,080,467 | $ | 4,846,501 | |||||
Fixed charges: |
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Interest on consolidated obligations |
$ | 1,862,113 | $ | 5,673,829 | $ | 7,419,087 | $ | 6,263,775 | $ | 4,181,838 | |||||
Interest on deposits |
3,646 | 109,726 | 266,562 | 218,831 | 152,872 | ||||||||||
Interest on borrowings from other FHLBanks |
5 | 136 | 48 | 68 | 33 | ||||||||||
Interest on securities sold under agreement to repurchase |
| 1,607 | 14,550 | 23,200 | 28,776 | ||||||||||
Mandatorily redeemable capital stock |
1,505 | 1,504 | 11,307 | 9,234 | 9,405 | ||||||||||
Interest on other borrowings |
27 | 357 | 736 | 561 | 171 | ||||||||||
Fixed charges |
$ | 1,867,296 | $ | 5,787,159 | $ | 7,712,290 | $ | 6,515,669 | $ | 4,373,095 | |||||
Ratio of earnings to fixed charges |
1.21 | 1.06 | 1.08 | 1.09 | 1.11 | ||||||||||