EX-12.1 2 ratios.htm RATIOS ratios.htm
 
 
 

         
Exhibit 12.1
           
FHLBANK TOPEKA
          
CALCULATION OF EARNINGS TO FIXED CHARGES
        
12/31/2011
          
(Thousands)
          
           
 
12/31/2011
12/31/2010
12/31/2009
12/31/2008
12/31/2007
           
Earnings
          
  Income Before Assessments
             97,759
             45,701
           322,192
             38,777
           204,816
  Total Fixed Charges
           315,561
           380,135
           575,165
        1,642,925
        2,517,128
  Capitalized Interest
                      -
                      -
                      -
                      -
                      -
           
           
Total Earnings
           413,320
           425,836
           897,357
        1,681,702
        2,721,944
           
Fixed Charges
          
  Interest Expense1
           315,561
           380,135
           575,165
        1,642,925
        2,517,128
  Capitalized Interest
                      -
                      -
                      -
                      -
                      -
  Estimated Interest Attributable to Rental Expense 2
                      -
                      -
                      -
                      -
                      -
           
           
Total Fixed Charges
           315,561
           380,135
           575,165
        1,642,925
        2,517,128
           
Earnings to Fixed Charges Ratio
                  1.31
                  1.12
                  1.56
                  1.02
                  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.