Attached files
Exhibit 12.1
Statement regarding computation of ratios of earnings to fixed charges
| Years Ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| Earnings: |
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| Income before assessments and cumulative effect of change in accounting principle |
$ | 378 | $ | 386 | $ | 345 | $ | 607 | $ | 565 | ||||||||||
| Fixed charges |
857 | 1,868 | 5,788 | 7,712 | 6,516 | |||||||||||||||
| Earnings available for fixed charges |
$ | 1,235 | $ | 2,254 | $ | 6,133 | $ | 8,319 | $ | 7,081 | ||||||||||
| Fixed charges: |
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| Interest on consolidated obligations |
$ | 852 | $ | 1,862 | $ | 5,674 | $ | 7,419 | $ | 6,264 | ||||||||||
| Interest on deposits |
3 | 4 | 110 | 267 | 219 | |||||||||||||||
| Interest on securities sold under agreement to repurchase |
— | — | 2 | 14 | 23 | |||||||||||||||
| Mandatorily redeemable capital stock |
2 | 2 | 2 | 11 | 9 | |||||||||||||||
| Interest on other borrowings |
— | — | — | 1 | 1 | |||||||||||||||
| Fixed charges |
$ | 857 | $ | 1,868 | $ | 5,788 | $ | 7,712 | $ | 6,516 | ||||||||||
| Ratio of earnings to fixed charges |
1.44 | 1.21 | 1.06 | 1.08 | 1.09 | |||||||||||||||