(Unaudited) | ||||||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||||||
March 31, | Twelve Months Ended December 31, | |||||||||||||||||||||||||||
(in thousands of dollars) | 2005 | 2004 | 2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||||||||||||
Earnings: |
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Income before taxes |
$ | 125,097 | $ | 139,074 | $ | 552,666 | $ | 523,987 | $ | 522,705 | $ | 95,477 | $ | 448,717 | ||||||||||||||
Add: Fixed charges, excluding
interest on deposits |
54,598 | 46,384 | 191,648 | 179,903 | 169,788 | 299,872 | 398,214 | |||||||||||||||||||||
Earnings available for fixed charges,
excluding interest on deposits |
179,695 | 185,458 | 744,314 | 703,890 | 692,493 | 395,349 | 846,931 | |||||||||||||||||||||
Add: Interest on deposits |
89,168 | 59,626 | 257,099 | 288,271 | 385,733 | 654,056 | 782,076 | |||||||||||||||||||||
Earnings available for fixed charges,
including interest on deposits |
$ | 268,863 | $ | 245,084 | $ | 1,001,413 | $ | 992,161 | $ | 1,078,226 | $ | 1,049,405 | $ | 1,629,007 | ||||||||||||||
Fixed Charges: |
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Interest expense, excluding
interest on deposits |
$ | 51,739 | $ | 43,620 | $ | 178,842 | $ | 168,499 | $ | 157,888 | $ | 285,445 | $ | 383,997 | ||||||||||||||
Interest factor in net rental expense |
2,859 | 2,764 | 12,806 | 11,404 | 11,900 | 14,427 | 14,217 | |||||||||||||||||||||
Total fixed charges, excluding
interest on deposits |
54,598 | 46,384 | 191,648 | 179,903 | 169,788 | 299,872 | 398,214 | |||||||||||||||||||||
Add: Interest on deposits |
89,168 | 59,626 | 257,099 | 288,271 | 385,733 | 654,056 | 782,076 | |||||||||||||||||||||
Total fixed charges, including
interest on deposits |
$ | 143,766 | $ | 106,010 | $ | 448,747 | $ | 468,174 | $ | 555,521 | $ | 953,928 | $ | 1,180,290 | ||||||||||||||
Ratio of Earnings to Fixed Charges |
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Excluding interest on deposits |
3.29 | x | 4.00 | x | 3.88 | x | 3.91 | x | 4.08 | x | 1.32 | x | 2.13 | x | ||||||||||||||
Including interest on deposits |
1.87 | x | 2.31 | x | 2.23 | x | 2.12 | x | 1.94 | x | 1.10 | x | 1.38 | x |