Exhibit 12.2
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
                                         
    Twelve Months Ended December 31,
(dollar amounts in thousands of dollars)   2010   2009   2008   2007   2006
 
Earnings:
                                       
Income (loss) before income taxes
  $ 352,311     $ (3,678,183 )   $ (296,008 )   $ 22,643     $ 514,061  
 
Add: Fixed charges, excluding interest on deposits and preferred stock dividends
    102,969       155,269       351,672       431,320       345,253  
 
Earnings available for fixed charges, excluding interest on deposits
    455,280       (3,522,914 )     55,664       453,963       859,314  
Add: Interest on deposits
    439,050       674,101       931,679       1,026,388       717,167  
 
Earnings available for fixed charges, including interest on deposits
    894,330       (2,848,813 )     987,343       1,480,351       1,576,481  
 
 
                                       
Fixed Charges:
                                       
Interest expense, excluding interest on deposits
    87,537       139,754       334,952       415,063       334,175  
Interest factor in net rental expense
    15,432       15,515       16,720       16,257       11,078  
Preferred stock dividends
    172,032       174,756       46,400              
 
Total fixed charges, excluding interest on deposits
    275,001       330,025       398,072       431,320       345,253  
Add: Interest on deposits
    439,050       674,101       931,679       1,026,388       717,167  
 
Total fixed charges, including interest on deposits
  $ 714,051     $ 1,004,126     $ 1,329,751     $ 1,457,708     $ 1,062,420  
 
 
                                       
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
                                       
Excluding interest on deposits
    1.66 x     (10.67 )x     0.14 x     1.05 x     2.49 x
Including interest on deposits
    1.25 x     (2.84 )x     0.74 x     1.02 x     1.48 x