Federal Home Loan Bank of Indianapolis - FORM 10-K - EX-12 - COMPUTATION OF EARNINGS TO FIXED CHARGES - March 19, 2010

Attached files

file filename
10-K - FORM 10-K - Federal Home Loan Bank of Indianapolisd10k.htm
EX-10.3 - SECOND AMENDMENT OF SUPPLEMENTAL EXECUTIVE THRIFT PLAN - Federal Home Loan Bank of Indianapolisdex103.htm
EX-32.1 - CERTIFICATION BY THE PRESIDENT-CHIEF EXECUTIVE OFFICER - Federal Home Loan Bank of Indianapolisdex321.htm
EX-32.2 - CERTIFICATION BY THE SENIOR VICE PRESIDENT-CHIEF FINANCIAL OFFICER - Federal Home Loan Bank of Indianapolisdex322.htm
EX-31.3 - CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - Federal Home Loan Bank of Indianapolisdex313.htm
EX-14.1 - CODE OF CONDUCT - Federal Home Loan Bank of Indianapolisdex141.htm
EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - Federal Home Loan Bank of Indianapolisdex311.htm
EX-10.8 - SECOND AMENDMENT OF DIRECTORS' DEFERRED COMPENSATION PLAN - Federal Home Loan Bank of Indianapolisdex108.htm
EX-10.5 - FIRST AMENDMENT OF 2005 SUPPLEMENTAL EXECUTIVE THRIFT PLAN - Federal Home Loan Bank of Indianapolisdex105.htm
EX-31.2 - CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - Federal Home Loan Bank of Indianapolisdex312.htm
EX-10.10 - FIRST AMENDMENT OF 2005 DIRECTORS' DEFERRED COMPENSATION PLAN - Federal Home Loan Bank of Indianapolisdex1010.htm
EX-10.15 - 2010 EXECUTIVE INCENTIVE COMPENSATION PLAN - Federal Home Loan Bank of Indianapolisdex1015.htm
EX-10.12 - 2010 LONG TERM INCENTIVE PLAN - Federal Home Loan Bank of Indianapolisdex1012.htm
EX-32.3 - CERTIFICATION BY THE SENIOR VICE PRESIDENT-CHIEF ACCOUNTING OFFICER - Federal Home Loan Bank of Indianapolisdex323.htm

Exhibit 12

Our earnings cover our fixed charges, which consist primarily of the interest we pay on the COs for which we are the primary obligor. The following table presents the ratio of our earnings to our fixed charges for the five years ended December 31, 2009:

Computation of Earnings to Fixed Charges

($ amounts in thousands)

 

     For the Years Ended December 31,
   2009    2008    2007    2006    2005

Income Before Assessments

    $ 165    $ 252    $ 167    $ 161    $ 208
                                  

Fixed charges(1)

               

Interest Expense on COs

      840      1,812      2,365      2,121      1,544

Interest Expense on Deposits and other

      14      27      50      59      32
                                  

Total fixed charges

      854      1,839      2,415      2,180      1,576
                                  

Earnings, before fixed charges

    $ 1,019    $ 2,091    $ 2,582    $ 2,341    $ 1,784
                                  

Ratio of earnings to fixed charges

      1.19      1.14      1.07      1.07      1.13

 

(1)

Our fixed charges include interest expense and premium and discount amortization on CO Bonds, including net settlements on derivatives that hedge CO Bonds and Discount Notes, and interest expense on other liabilities including Deposits, borrowings from other FHLBs, MRCS, and other borrowings. We do not capitalize interest, and the impact of interest expense within our rental costs is not significant.

Federal Home Loan Bank of Indianapolis Reports