| (Unaudited) | ||||||||||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||||||||||
| March 31, | Twelve Months Ended December 31, | |||||||||||||||||||||||||||
| (in thousands of dollars) | 2007 | 2006 | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||||||||
Earnings: |
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Income before taxes |
$ | 129,254 | $ | 145,259 | $ | 514,061 | $ | 543,574 | $ | 552,666 | $ | 523,987 | $ | 522,705 | ||||||||||||||
Add: Fixed charges, excluding
interest on deposits |
85,524 | 75,519 | 345,253 | 243,239 | 191,648 | 179,903 | 169,788 | |||||||||||||||||||||
Earnings available for fixed charges,
excluding interest on deposits |
214,778 | 220,778 | 859,314 | 786,813 | 744,314 | 703,890 | 692,493 | |||||||||||||||||||||
Add: Interest on deposits |
196,723 | 148,314 | 717,167 | 446,919 | 257,099 | 288,271 | 385,733 | |||||||||||||||||||||
Earnings available for fixed charges,
including interest on deposits |
$ | 411,501 | $ | 369,092 | $ | 1,576,481 | $ | 1,233,732 | $ | 1,001,413 | $ | 992,161 | $ | 1,078,226 | ||||||||||||||
Fixed Charges: |
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Interest expense, excluding
interest on deposits |
$ | 82,671 | $ | 72,793 | $ | 334,175 | $ | 232,435 | $ | 178,842 | $ | 168,499 | $ | 157,888 | ||||||||||||||
Interest factor in net rental expense |
2,853 | 2,726 | 11,078 | 10,804 | 12,806 | 11,405 | 11,900 | |||||||||||||||||||||
Total fixed charges, excluding
interest on deposits |
85,524 | 75,519 | 345,253 | 243,239 | 191,648 | 179,903 | 169,788 | |||||||||||||||||||||
Add: Interest on deposits |
196,723 | 148,314 | 717,167 | 446,919 | 257,099 | 288,271 | 385,733 | |||||||||||||||||||||
Total fixed charges, including
interest on deposits |
$ | 282,247 | $ | 223,833 | $ | 1,062,420 | $ | 690,158 | $ | 448,747 | $ | 468,174 | $ | 555,521 | ||||||||||||||
Ratio of Earnings to Fixed Charges |
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Excluding interest on deposits |
2.51x | 2.92x | 2.49x | 3.23x | 3.88x | 3.91x | 4.08x | |||||||||||||||||||||
Including interest on deposits |
1.46x | 1.65x | 1.48x | 1.79x | 2.23x | 2.12x | 1.94x | |||||||||||||||||||||