Attached files

file filename
EX-31.3 - CAO 302 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex31310k2017.htm
EX-99.2 - REPORT OF THE AUDIT COMMITTEE - Federal Home Loan Bank of Pittsburghfhlbpitex99210k2017.htm
EX-99.1 - AUDIT COMMITTEE CHARTER - Federal Home Loan Bank of Pittsburghfhlbpitex99110k2017.htm
EX-32.3 - CAO 906 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex32310k2017.htm
EX-32.2 - CFO 906 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex32210k2017.htm
EX-32.1 - CEO 906 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex32110k2017.htm
EX-31.2 - CFO 302 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex31210k2017.htm
EX-31.1 - CEO 302 CERTIFICATION - Federal Home Loan Bank of Pittsburghfhlbpitex31110k2017.htm
EX-24.0 - POWER OF ATTORNEY - Federal Home Loan Bank of Pittsburghfhlbpitex24010k2017.htm
EX-10.12.3 - 2018 EXECUTIVE INCENTIVE COMPENSATION PLAN - Federal Home Loan Bank of Pittsburghfhlbpitex1012310k2017.htm
EX-10.4.1 - 2018 DIRECTORS COMPENSATION POLICY - Federal Home Loan Bank of Pittsburghfhlbpitex104110k2017.htm
EX-10.1.1 - SEVERANCE POLICY - Federal Home Loan Bank of Pittsburghfhlbpitex101110k2017.htm
10-K - 10-K - Federal Home Loan Bank of Pittsburghfhlbpit10k2017.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)
2017
2016
2015
2014
2013
Earnings
 
 
 
 
 
Income before assessments
$
377,400

$
288,941

$
285,049

$
284,208

$
164,453

Fixed charges
1,018,945

637,407

378,462

343,693

402,142

Earnings available for fixed charges
1,396,345

926,348

663,511

627,901

566,595

 
 
 
 
 
 
Fixed charges
 
 
 
 
 
Interest expense
1,018,246

636,701

377,756

342,986

401,437

Interest portion of net rent expense(1)
699

706

706

707

705

Total fixed charges
$
1,018,945

$
637,407

$
378,462

$
343,693

$
402,142

 
 
 
 
 
 
Ratio of earnings to fixed charges
1.37

1.45

1.75

1.83

1.41

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