EX-99.1 10 ex991q12011.htm 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
(Dollars in millions)
March 31,
2011
 
  
March 31,
2010
 
Earnings:
 
  
 
Income before assessments
$
82
 
  
$
126
 
Fixed charges
205
 
  
305
 
Total earnings
$
287
 
  
$
431
 
Fixed charges:
 
  
 
Interest expense
$
205
 
  
$
305
 
Estimated rental expense based on an interest factor
—
 
  
—
 
Total fixed charges
$
205
 
  
$
305
 
Ratio of earnings to fixed charges
1.40
 
  
1.41