Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - AUDIT COMMITTEE REPORT 2018 - Federal Home Loan Bank of Des Moines | exhibit991-auditcommitteer.htm |
| EX-32.2 - EXHIBIT 32.2 - CERTIFICATION OF THE CFO PURSUANT TO SECTION 906 - Federal Home Loan Bank of Des Moines | exhibit322-certificationof.htm |
| EX-32.1 - EXHIBIT 32.1 - CERTIFICATION OF THE PRESIDENT AND CEO PURSUANT TO SECTION 906 - Federal Home Loan Bank of Des Moines | exhibit321-certificationof.htm |
| EX-31.2 - EXHIBIT 31.2 - CERTIFICATION OF THE CFO PURSUANT TO SECTION 302 - Federal Home Loan Bank of Des Moines | exhibit312-certificationof.htm |
| EX-31.1 - EXHIBIT 31.1 - CERTIFICATION OF THE PRESIDENT AND CEO PURSUANT TO SECTION 302 - Federal Home Loan Bank of Des Moines | exhibit311-certificationof.htm |
| 10-K - FORM 10-K - DECEMBER 31, 2017 - Federal Home Loan Bank of Des Moines | fhlb12311710k.htm |
EXHIBIT 12.1 |
Federal Home Loan Bank of Des Moines
Computation of Earnings to Fixed Charges
(numbers in millions)
For the Years Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before assessments | $ | 578 | $ | 724 | $ | 148 | $ | 135 | $ | 122 | |||||||||
Fixed charges | 1,784 | 1,076 | 524 | 421 | 422 | ||||||||||||||
Total earnings | 2,362 | 1,800 | 672 | 556 | 544 | ||||||||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | 1,783 | 1,075 | 523 | 420 | 421 | ||||||||||||||
1/3 of net rental expense1 | 1 | 1 | 1 | 1 | 1 | ||||||||||||||
Total fixed charges | $ | 1,784 | $ | 1,076 | $ | 524 | $ | 421 | $ | 422 | |||||||||
Ratio of earnings to fixed charges | 1.32 | 1.67 | 1.28 | 1.32 | 1.29 | ||||||||||||||
1 Represents an estimated interest factor.