Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - Federal Home Loan Bank of Indianapolis | ex32section1350certificati.htm |
| EX-31.3 - EXHIBIT 31.3 - Federal Home Loan Bank of Indianapolis | ex313.htm |
| EX-31.2 - EXHIBIT 31.2 - Federal Home Loan Bank of Indianapolis | ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Federal Home Loan Bank of Indianapolis | ex311.htm |
| EX-24 - EXHIBIT 24 - Federal Home Loan Bank of Indianapolis | ex24powerofattorneydecembe.htm |
| EX-10.10 - EXHIBIT 10.10 - Federal Home Loan Bank of Indianapolis | ex1010.htm |
| EX-10.7 - EXHIBIT 10.7 - Federal Home Loan Bank of Indianapolis | ex107.htm |
| 10-K - 10-K - Federal Home Loan Bank of Indianapolis | ind12311710-k.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Our earnings cover our fixed charges, which consist primarily of the interest we pay on the consolidated obligations for which we are the primary obligor. The following table presents the ratio of our earnings to our fixed charges ($ amounts in millions):
For the Years Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Income before assessments | $ | 174 | $ | 126 | $ | 134 | $ | 130 | $ | 228 | ||||||||||
Fixed charges: (1) | ||||||||||||||||||||
Interest expense on consolidated obligations | 742 | 489 | 347 | 310 | 322 | |||||||||||||||
Interest expense on deposits and other | 12 | 8 | 1 | 1 | 7 | |||||||||||||||
Total fixed charges | 754 | 497 | 348 | 311 | 329 | |||||||||||||||
Earnings, before fixed charges | $ | 928 | $ | 623 | $ | 482 | $ | 441 | $ | 557 | ||||||||||
Ratio of earnings to fixed charges | 1.23 | 1.25 | 1.39 | 1.42 | 1.69 | |||||||||||||||
(1) | Our fixed charges include interest expense and premium and discount amortization on consolidated obligation bonds, including net settlements on derivatives that hedge consolidated obligation bonds and discount notes, and interest expense on other liabilities including deposits, borrowings from other Federal Home Loan Banks, mandatorily redeemable capital stock, and other borrowings. We do not capitalize interest, and the impact of interest expense within our rental costs is not significant. |