EX-12.1 12 ex123116121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
FEDERAL HOME LOAN BANK OF TOPEKA
CALCULATION OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)

 
Year Ended December 31,
 
2016
2015
2014
2013
2012
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Income Before Assessments
$
179,757

$
103,738

$
117,787

$
132,267

$
122,572

Total Fixed Charges
323,253

225,750

203,136

225,292

275,103

Capitalized Interest
—

—

—

—

—

Total Earnings
$
503,010

$
329,488

$
320,923

$
357,559

$
397,675

 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest Expense1
$
323,253

$
225,750

$
203,136

$
225,292

$
275,103

Capitalized Interest
—

—

—

—

—

Estimated Interest Attributable to Rental Expense 2
—

—

—

—

—

Total Fixed Charges
$
323,253

$
225,750

$
203,136

$
225,292

$
275,103

 
 
 
 
 
 
Earnings to Fixed Charges Ratio
1.56

1.46

1.58

1.59

1.45

                    
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.