| Year Ended December 31, | ||||||||||||||||||||
| (in thousands of dollars) | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||
Earnings: |
||||||||||||||||||||
Income before taxes |
$ | 543,574 | $ | 552,666 | $ | 523,987 | $ | 522,705 | $ | 95,477 | ||||||||||
Add: Fixed charges, excluding
interest on deposits |
243,239 | 191,648 | 179,903 | 169,788 | 299,872 | |||||||||||||||
Earnings available for fixed charges,
excluding interest on deposits |
786,813 | 744,314 | 703,890 | 692,493 | 395,349 | |||||||||||||||
Add: Interest on deposits |
446,919 | 257,099 | 288,271 | 385,733 | 654,056 | |||||||||||||||
Earnings available for fixed charges,
including interest on deposits |
$ | 1,233,732 | $ | 1,001,413 | $ | 992,161 | $ | 1,078,226 | $ | 1,049,405 | ||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense, excluding
interest on deposits |
$ | 232,435 | $ | 178,842 | $ | 168,499 | $ | 157,888 | $ | 285,445 | ||||||||||
Interest factor in net rental expense |
10,804 | 12,806 | 11,404 | 11,900 | 14,427 | |||||||||||||||
Total fixed charges, excluding
interest on deposits |
243,239 | 191,648 | 179,903 | 169,788 | 299,872 | |||||||||||||||
Add: Interest on deposits |
446,919 | 257,099 | 288,271 | 385,733 | 654,056 | |||||||||||||||
Total fixed charges, including
interest on deposits |
$ | 690,158 | $ | 448,747 | $ | 468,174 | $ | 555,521 | $ | 953,928 | ||||||||||
Ratio of Earnings to Fixed Charges |
||||||||||||||||||||
Excluding interest on deposits |
3.23x | 3.88x | 3.91x | 4.08x | 1.32x | |||||||||||||||
Including interest on deposits |
1.79x | 2.23x | 2.12x | 1.94x | 1.10x | |||||||||||||||