EX-99.1 10 ex991093010.htm EX 99.1 WebFilings | EDGAR view
 

EXHIBIT 99.1
Federal Home Loan Bank of San Francisco
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
 
 
  
Three Months Ended
  
Nine Months Ended
(Dollars in millions)
  
September 30,
2010
 
  
September 30,
2009
 
  
September 30,
2010
 
  
September 30,
2009
 
Earnings:
  
 
  
 
  
 
  
 
Income/(loss) before assessments
  
$
187
 
  
$
(116
)
  
$
354
 
  
$
464
 
Fixed charges
  
254
 
  
492
 
  
841
 
  
2,309
 
Total earnings
  
$
441
 
  
$
376
 
  
$
1,195
 
  
$
2,773
 
Fixed charges:
  
 
  
 
  
 
  
 
Interest expense
  
$
254
 
  
$
492
 
 
$
840
 
  
$
2,308
 
Estimated rental expense based on an interest factor
  
—
 
  
—
 
 
1
 
  
1
 
Total fixed charges
  
$
254
 
  
$
492
 
  
$
841
 
  
$
2,309
 
Ratio of earnings to fixed charges
  
1.74
 
  
0.76
 
  
1.42
 
  
1.20