Federal Home Loan Bank of Pittsburgh - FORM 10-K - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - March 10, 2016

Attached files

file filename
EX-31.2 - CFO 302 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex31210k2015.htm
EX-32.2 - CFO 906 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex32210k2015.htm
EX-31.3 - CAO 302 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex31310k2015.htm
EX-32.1 - CEO 906 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex32110k2015.htm
EX-3.2.1 - BYLAWS AS AMENDED EFFECTIVE 3/10/16 - Federal Home Loan Bank of Pittsburghfhlbpitexh32110k2015.htm
EX-10.6.3 - PENTEGRA DEFINED CONTRIBUTION PLAN SPD DATED 1/1/15 - Federal Home Loan Bank of Pittsburghfhlbpitex106310k2015.htm
EX-10.12.2 - 2016 EXECUTIVE INCENTIVE COMPENSATION PLAN - Federal Home Loan Bank of Pittsburghfhlbpitex1012210k2015.htm
EX-99.1 - AUDIT COMMITTEE CHARTER - Federal Home Loan Bank of Pittsburghfhlbpitex99110k2015.htm
EX-99.2 - REPORT OF THE AUDIT COMMITTEE - Federal Home Loan Bank of Pittsburghfhlbpitex99210k2015.htm
10-K - 10-K - Federal Home Loan Bank of Pittsburghfhlbpit10k2015.htm
EX-24.0 - POWER OF ATTORNEY - Federal Home Loan Bank of Pittsburghfhlbpitex2410k2015.htm
EX-31.1 - CEO 302 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex31110k2015.htm
EX-32.3 - CAO 906 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex32310k2015.htm


Federal Home Loan Bank of Pittsburgh
Computation of Ratio of Earnings to Fixed Charges
(unaudited)

 
For the year ended December 31,
(dollars in thousands)
2015
2014
2013
2012
2011
Earnings
 
 
 
 
 
Income (loss) before assessments and
  cumulative effect of change in
  accounting principle
$
256,530

$
255,771

$
147,875

$
129,713

$
38,049

Fixed charges
378,462

343,693

402,142

521,341

622,615

Earnings available for fixed charges
634,992

599,464

550,017

651,054

660,664

 
 
 
 
 
 
Fixed charges
 
 
 
 
 
Interest expense
377,756

342,986

401,437

520,619

621,916

Interest portion of net rent expense(1)
706

707

705

722

699

Total fixed charges
$
378,462

$
343,693

$
402,142

$
521,341

$
622,615

 
 
 
 
 
 
Ratio of earnings to fixed charges
1.68

1.74

1.37

1.25

1.06

Notes:
(1) Represents one-third (the proportion deemed representative of the interest portion) of rent expense


Federal Home Loan Bank of Pittsburgh Reports