Federal Home Loan Bank of Cincinnati - FORM 10-K - EX-12 - EXHIBIT 12 - March 15, 2018

Attached files

file filename
EX-99.2 - EXHIBIT 99.2 - Federal Home Loan Bank of Cincinnatiex992201710-k.htm
EX-99.1 - EXHIBIT 99.1 - Federal Home Loan Bank of Cincinnatiex991201710-k.htm
EX-32 - EXHIBIT 32 - Federal Home Loan Bank of Cincinnatiex32201710-k.htm
EX-31.2 - EXHIBIT 31.2 - Federal Home Loan Bank of Cincinnatiex312201710-k.htm
EX-31.1 - EXHIBIT 31.1 - Federal Home Loan Bank of Cincinnatiex311201710-k.htm
EX-24 - EXHIBIT 24 - Federal Home Loan Bank of Cincinnatiex24201710-k.htm
EX-10.5 - EXHIBIT 10.5 - Federal Home Loan Bank of Cincinnatiex105201710-k.htm
10-K - 10-K - Federal Home Loan Bank of Cincinnatifhlbcin201710-k.htm


Exhibit 12

FEDERAL HOME LOAN BANK OF CINCINNATI
STATEMENTS OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)


 
Year Ended December 31,
 
2017
2016
2015
2014
2013
Income before assessments
$
348,688

$
298,372

$
282,342

$
281,536

$
269,359

Add: fixed charges (see below)
1,179,866

860,835

635,642

591,983

572,910

Total earnings
$
1,528,554

$
1,159,207

$
917,984

$
873,519

$
842,269

 
 
 
 
 
 
Fixed charges: (1)
 
 
 
 
 
Interest expense
$
1,179,162

$
860,190

$
634,979

$
591,373

$
572,311

Interest portion of rent expense
704

645

663

610

599

Total fixed charges
$
1,179,866

$
860,835

$
635,642

$
591,983

$
572,910

 
 
 
 
 
 
Ratio of earnings to fixed charges (2)
1.30

1.35

1.44

1.48

1.47


(1)
Fixed charges consist of interest expense (including amortization related to indebtedness) and one-third (the proportion deemed representative of the interest portion) of rent expense.
(2)
The ratio of earnings to fixed charges has been computed by dividing Total earnings by Total fixed charges.



Federal Home Loan Bank of Cincinnati Reports