EX-12.1 3 ratios.htm RATIOS ratios.htm
         
Exhibit 12.1
           
FHLBANK TOPEKA
          
CALCULATION OF EARNINGS TO FIXED CHARGES
          
12/31/2010
          
(Thousands)
          
           
 
12/31/2010
12/31/2009
12/31/2008
12/31/2007
12/31/2006
           
Earnings
          
  Income Before Assessments
             45,701
           322,192
             38,777
           204,816
           186,041
  Total Fixed Charges
           380,135
           575,165
        1,642,925
        2,517,128
        2,238,914
  Capitalized Interest
                      -
                      -
                      -
                      -
                      -
           
Total Earnings
           425,836
           897,357
        1,681,702
        2,721,944
        2,424,955
           
Fixed Charges
          
  Interest Expense1
           380,135
           575,165
        1,642,925
        2,517,128
        2,238,914
  Capitalized Interest
                      -
                      -
                      -
                      -
                      -
  Estimated Interest Attributable to Rental Expense 2
                      -
                      -
                      -
                      -
                      -
           
Total Fixed Charges
           380,135
           575,165
        1,642,925
        2,517,128
        2,238,914
           
Earnings to Fixed Charges Ratio
                  1.12
                  1.56
                  1.02
                  1.08
                  1.08
           
           
1 For purposes of this calculation the amortization of premium, discount, and capitalized expenses related to indebtedness are included in interest expense and have not been separately displayed in this calculation.
2 The FHLBank has rental expense; however, has not placed an estimated of the interest expense included in rental expense in this calculation as the amount is very minimal.