Federal Home Loan Bank of Cincinnati - FORM 10-K - EX-12 - EXHIBIT 12 - March 16, 2017

Attached files

file filename
EX-99.2 - EXHIBIT 99.2 - Federal Home Loan Bank of Cincinnatiex992201610-k.htm
EX-99.1 - EXHIBIT 99.1 - Federal Home Loan Bank of Cincinnatiex991201610-k.htm
EX-32 - EXHIBIT 32 - Federal Home Loan Bank of Cincinnatiex32201610-k.htm
EX-31.2 - EXHIBIT 31.2 - Federal Home Loan Bank of Cincinnatiex312201610-k.htm
EX-31.1 - EXHIBIT 31.1 - Federal Home Loan Bank of Cincinnatiex311201610-k.htm
EX-24 - EXHIBIT 24 - Federal Home Loan Bank of Cincinnatiex24201610-k.htm
EX-18 - EXHIBIT 18 - Federal Home Loan Bank of Cincinnatiex18201610-k.htm
EX-10.10 - EXHIBIT 10.10 - Federal Home Loan Bank of Cincinnatiex10102016-10k.htm
EX-10.3 - EXHIBIT 10.3 - Federal Home Loan Bank of Cincinnatiex103201610-k.htm
10-K - 10-K - Federal Home Loan Bank of Cincinnatifhlbcin201610-k.htm


Exhibit 12

FEDERAL HOME LOAN BANK OF CINCINNATI
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)


 
Year Ended December 31,
 
2016
2015
2014
2013
2012
Income before assessments
$
298,372

$
282,342

$
281,536

$
269,359

$
242,467

Add: fixed charges (see below)
860,835

635,642

591,983

572,910

613,378

Total earnings
$
1,159,207

$
917,984

$
873,519

$
842,269

$
855,845

 
 
 
 
 
 
Fixed charges: (1)
 
 
 
 
 
Interest expense
$
860,190

$
634,979

$
591,373

$
572,311

$
612,723

Interest portion of rent expense
645

663

610

599

655

Total fixed charges
$
860,835

$
635,642

$
591,983

$
572,910

$
613,378

 
 
 
 
 
 
Ratio of earnings to fixed charges (2)
1.35

1.44

1.48

1.47

1.40


(1)
Fixed charges consist of interest expense (including amortization related to indebtedness) and one-third (the proportion deemed representative of the interest portion) of rent expense.
(2)
The ratio of earnings to fixed charges has been computed by dividing Total earnings by Total fixed charges.



Federal Home Loan Bank of Cincinnati Reports