. . . EXHIBIT 99.3 RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
TWELVE MONTHS ENDED DECEMBER 31, --------------------------------------------------------------------------------- (in thousands of dollars) 2002 2001 2000 1999 1998 - ----------------------------------------------------------------------------------------------------------------------------------- EARNINGS: Income before taxes \$ 542,819 \$ 122,281 \$ 466,433 \$ 651,428 \$ 433,827 - ----------------------------------------------------------------------------------------------------------------------------------- Add: Fixed charges, excluding interest on deposits 169,788 299,872 398,214 356,563 316,075 - ----------------------------------------------------------------------------------------------------------------------------------- Earnings available for fixed charges, excluding interest on deposits 712,607 422,153 864,647 1,007,991 749,902 Add: Interest on deposits 389,895 657,892 782,076 639,605 672,433 - ----------------------------------------------------------------------------------------------------------------------------------- Earnings available for fixed charges, including interest on deposits \$1,102,502 \$1,080,045 \$1,646,723 \$1,647,596 \$1,422,335 =================================================================================================================================== FIXED CHARGES: Interest expense, excluding interest on deposits 157,888 285,445 383,997 344,635 305,838 Interest factor in net rental expense 11,900 14,427 14,217 11,928 10,237 - ----------------------------------------------------------------------------------------------------------------------------------- Total fixed charges, excluding interest on deposits 169,788 299,872 398,214 356,563 316,075 Add: Interest on deposits 389,895 657,892 782,076 639,605 672,433 - ----------------------------------------------------------------------------------------------------------------------------------- Total fixed charges, including interest on deposits \$ 559,683 \$ 957,764 \$1,180,290 \$ 996,168 \$ 988,508 =================================================================================================================================== RATIO OF EARNINGS TO FIXED CHARGES Excluding interest on deposits 4.20x 1.41x 2.17x 2.83x 2.37x Including interest on deposits 1.97x 1.13x 1.40x 1.65x 1.44x