Attached files

file filename
10-Q - FORM 10-Q - Federal Home Loan Bank of San Franciscod10q.htm
EX-10.4 - 2009 AUDIT EXECUTIVE INCENTIVE PLAN - Federal Home Loan Bank of San Franciscodex104.htm
EX-31.4 - CERTIFICATION OF THE CONTROLLER PURSUANT TO SECTION 302 - Federal Home Loan Bank of San Franciscodex314.htm
EX-32.1 - CERTIFICATION OF THE PRESIDENT AND CEO PURSUANT TO SECTION 906 - Federal Home Loan Bank of San Franciscodex321.htm
EX-31.3 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - Federal Home Loan Bank of San Franciscodex313.htm
EX-10.5 - 2009 AUDIT PERFORMANCE UNIT PLAN - Federal Home Loan Bank of San Franciscodex105.htm
EX-31.2 - CERTIFICATION OF THE CHIEF OPERATING OFFICER PURSUANT TO SECTION 302 - Federal Home Loan Bank of San Franciscodex312.htm
EX-32.4 - CERTIFICATION OF THE CONTROLLER PURSUANT TO SECTION 906 - Federal Home Loan Bank of San Franciscodex324.htm
EX-32.2 - CERTIFICATION OF THE CHIEF OPERATING OFFICER PURSUANT TO SECTION 906 - Federal Home Loan Bank of San Franciscodex322.htm
EX-10.3 - 2009 EXECUTIVE PERFORMANCE UNIT PLAN - Federal Home Loan Bank of San Franciscodex103.htm
EX-10.1 - 2009 EXECUTIVE INCENTIVE PLAN - Federal Home Loan Bank of San Franciscodex101.htm
EX-10.2 - 2009 PRESIDENT'S INCENTIVE PLAN - Federal Home Loan Bank of San Franciscodex102.htm
EX-32.3 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - Federal Home Loan Bank of San Franciscodex323.htm
EX-31.1 - CERTIFICATION OF THE PRESIDENT AND CEO PURSUANT TO SECTION 302 - Federal Home Loan Bank of San Franciscodex311.htm

EXHIBIT 99.1

Federal Home Loan Bank of San Francisco

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

 

     Three Months Ended    Nine Months Ended
(Dollars in millions)    September 30,
2009
    September 30,
2008
   September 30,
2009
   September 30,
2008

Earnings:

          

(Loss)/income before assessments

   $ (116   $ 139    $ 464    $ 770

Fixed charges

     492        2,149      2,309      7,535

Total earnings

   $ 376      $ 2,288    $ 2,773    $ 8,305

Fixed charges:

          

Interest expense

   $ 492      $ 2,149    $ 2,308    $ 7,534

Estimated interest component of net rental expense(1)

                 1      1

Total fixed charges

   $ 492      $ 2,149    $ 2,309    $ 7,535

Ratio of earnings to fixed charges

     0.76        1.06      1.20      1.10

 

(1) Represents an estimated interest factor.