Federal Home Loan Bank of Des Moines - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - COMPUTATION OF EARNINGS TO FIXED CHARGES 2016 - March 21, 2017

Attached files

file filename
EX-10.9 - EXHIBIT 10.9 - SECOND AMENDMENT TO CHANGE IN CONTROL AGREEMENT WITH GLEN SIMECEK - Federal Home Loan Bank of Des Moinesexhibit109-secondamendment.htm
EX-99.1 - EXHIBIT 99.1 - AUDIT COMMITTEE REPORT 2016 - Federal Home Loan Bank of Des Moinesexhibit991-auditcommitteer.htm
EX-32.2 - EXHIBIT 32.2 - SECTION 906 CERTIFICATION OF EXECUTIVE VICE PRESIDENT AND CFO - Federal Home Loan Bank of Des Moinesexhibit322-certificationof.htm
EX-32.1 - EXHIBIT 32.1 - SECTION 906 CERTIFICATION OF THE PRESIDENT AND CEO - Federal Home Loan Bank of Des Moinesexhibit321-certificationof.htm
EX-31.2 - EXHIBIT 31.2 - SECTION 302 CERTIFICATION OF EXECUTIVE VICE PRESIDENT AND CFO - Federal Home Loan Bank of Des Moinesexhibit312-certificationof.htm
EX-31.1 - EXHIBIT 31.1 - SECTION 302 CERTIFICATION OF THE PRESIDENT AND CEO - Federal Home Loan Bank of Des Moinesexhibit311-certificationof.htm
EX-10.20 - EXHIBIT 10.20 - DIRECTOR FEE POLICY 2017 - Federal Home Loan Bank of Des Moinesexhibit1020-directorfeepol.htm
EX-10.10 - EXHIBIT 10.10 - THIRD AMENDMENT TO CHANGE IN CONTROL AGREEMENT WITH GLEN SIMECEK - Federal Home Loan Bank of Des Moinesexhibit1010-thirdamendment.htm
EX-10.8 - EXHIBIT 10.8 - AMENDMENT TO CHANGE IN CONTROL AGREEMENT WITH GLEN SIMECEK - Federal Home Loan Bank of Des Moinesexhibit108-amendmenttochan.htm
EX-10.7 - EXHIBIT 10.7 - CHANGE IN CONTROL AGREEMENT WITH GLEN SIMECEK - Federal Home Loan Bank of Des Moinesexhibit107-changeincontrol.htm
10-K - FORM 10-K - DECEMBER 31, 2016 - Federal Home Loan Bank of Des Moinesfhlb12311610k.htm


EXHIBIT 12.1
Federal Home Loan Bank of Des Moines    
Computation of Earnings to Fixed Charges
(numbers in millions)

 
For the Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
Income before assessments
$
724

 
$
148

 
$
135

 
$
122

 
$
124

Fixed charges
1,076

 
524

 
421

 
422

 
536

Total earnings
1,800

 
672

 
556

 
544

 
660

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
1,075

 
523

 
420

 
421

 
535

1/3 of net rental expense1
1

 
1

 
1

 
1

 
1

Total fixed charges
$
1,076

 
$
524

 
$
421

 
$
422

 
$
536

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.67

 
1.28

 
1.32

 
1.29

 
1.23


1    Represents an estimated interest factor.





Federal Home Loan Bank of Des Moines Reports