EX-12.1 6 ex123117121.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,
 
2017
2016
2015
2014
2013
 
 
 
 
 
 
Earnings:
 
 
 
 
 
Income Before Assessments
$
219,145

$
179,757

$
103,738

$
117,787

$
132,267

Total Fixed Charges
561,970

323,253

225,750

203,136

225,292

Capitalized Interest
—

—

—

—

—

Total Earnings
$
781,115

$
503,010

$
329,488

$
320,923

$
357,559

 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest Expense1
$
561,970

$
323,253

$
225,750

$
203,136

$
225,292

Capitalized Interest
—

—

—

—

—

Estimated Interest Attributable to Rental Expense 2
—

—

—

—

—

Total Fixed Charges
$
561,970

$
323,253

$
225,750

$
203,136

$
225,292

 
 
 
 
 
 
Earnings to Fixed Charges Ratio
1.39

1.56

1.46

1.58

1.59

                    
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.