EX-12.1 6 c878-20131231ex121ff8aa0.htm EX-12.1 Exhibit 121 Statement of Computation of Ratios

Exhibit 12.1

 

FEDERAL HOME LOAN BANK OF TOPEKA

CALCULATION OF EARNINGS TO FIXED CHARGES

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2013

2012

2011

2010

2009

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Before Assessments

$
132,267 

 

$
122,572 

 

$
97,759 

 

$
45,701 

 

$
322,192 

 

Total Fixed Charges

 
225,292 

 

 
275,103 

 

 
315,561 

 

 
380,135 

 

 
575,165 

 

Capitalized Interest

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

TOTAL EARNINGS

 
357,559 

 

 
397,675 

 

 
413,320 

 

 
425,836 

 

 
897,357 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense1

 
225,292 

 

 
275,103 

 

 
315,561 

 

 
380,135 

 

 
575,165 

 

Capitalized Interest

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Estimated Interest Attributable to Rental Expense2

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

TOTAL FIXED CHARGES

$
225,292 

 

$
275,103 

 

$
315,561 

 

$
380,135 

 

$
575,165 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings to Fixed Charges Ratio

 
1.59 

 

 
1.45 

 

 
1.31 

 

 
1.12 

 

 
1.56 

 

 

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.