| (Unaudited) | (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| (in thousands of dollars) | 2007 | 2006 | 2007 | 2006 | ||||||||||||
Earnings: |
||||||||||||||||
Income
before taxes |
$ | 104,796 | $ | 157,110 | $ | 234,050 | $ | 302,369 | ||||||||
Add: Fixed
charges, excluding
interest on deposits |
93,788 | 89,495 | 179,312 | 165,014 | ||||||||||||
Earnings
available for fixed charges,
excluding interest on deposits |
198,584 | 246,605 | 413,362 | 467,383 | ||||||||||||
Add:
Interest on deposits |
198,108 | 173,032 | 394,831 | 321,346 | ||||||||||||
Earnings
available for fixed charges,
including interest on deposits |
$ | 396,692 | $ | 419,637 | $ | 808,193 | $ | 788,729 | ||||||||
Fixed Charges: |
||||||||||||||||
Interest
expense, excluding
interest on deposits |
$ | 90,962 | $ | 86,676 | $ | 173,633 | $ | 159,469 | ||||||||
Interest
factor in net rental expense |
2,826 | 2,819 | 5,679 | 5,545 | ||||||||||||
Total fixed charges, excluding
interest on deposits |
93,788 | 89,495 | 179,312 | 165,014 | ||||||||||||
Add: Interest on deposits |
198,108 | 173,032 | 394,831 | 321,346 | ||||||||||||
Total fixed charges, including
interest on deposits |
$ | 291,896 | $ | 262,527 | $ | 574,143 | $ | 486,360 | ||||||||
Ratio of Earnings to Fixed Charges |
||||||||||||||||
Excluding interest on deposits |
2.12 | x | 2.76 | x | 2.31 | x | 2.83 | x | ||||||||
Including interest on deposits |
1.36 | x | 1.60 | x | 1.41 | x | 1.62 | x | ||||||||