EX-99.1 16 ex991q22011.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX 99.1 Q2 2011


EXHIBIT 99.1
Federal Home Loan Bank of San Francisco
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
 
 
  
Three Months Ended
  
Six Months Ended
(Dollars in millions)
  
June 30,
2011

  
June 30,
2010

  
June 30,
2011

  
June 30,
2010

Earnings:
  
 
  
 
  
 
  
 
Income/(loss) before assessments
  
$
12

  
$
41

  
$
94

 
$
167

Fixed charges
  
195

  
281

  
401

 
587

Total earnings
  
$
207

  
$
322

  
$
495

  
$
754

Fixed charges:
  
 
  
 
  
 
  
 
Interest expense
  
$
195

  
$
281

 
$
400

 
$
586

Estimated rental expense based on an interest factor
  
—

  
—

 
1

 
1

Total fixed charges
  
$
195

  
$
281

  
$
401

  
$
587

Ratio of earnings to fixed charges
  
1.06

  
1.15

  
1.23

  
1.28