Exhibit 12.1
Ratio of Earnings to Fixed Charges
                                 
    (Unaudited)   (Unaudited)
    Three Months Ended   Nine Months Ended
    September 30,   September 30,
(in thousands of dollars)   2007   2006   2007   2006
   
 
Earnings:
                                
 
                                
Income before taxes
   $ 186,737     $ 96,631     $ 420,787     $ 399,000  
     
Add: Fixed charges, excluding interest on deposits
     127,224       91,836       306,536       256,850  
     
 
                                
Earnings available for fixed charges, excluding interest on deposits
     313,961       188,467       727,323       655,850  
Add: Interest on deposits
     320,490       194,623       715,321       515,969  
     
 
                                
Earnings available for fixed charges, including interest on deposits
   $ 634,451     $ 383,090     $ 1,442,644     $ 1,171,819  
     
 
                                
Fixed Charges:
                                
Interest expense, excluding interest on deposits
   $ 121,032     $ 89,052     $ 294,665     $ 248,521  
Interest factor in net rental expense
     6,192       2,784       11,871       8,329  
     
 
                                
Total fixed charges, excluding interest on deposits
     127,224       91,836       306,536       256,850  
Add: Interest on deposits
     320,490       194,623       715,321       515,969  
     
 
                                
Total fixed charges, including interest on deposits
   $ 447,714     $ 286,459     $ 1,021,857     $ 772,819  
     
 
                                
Ratio of Earnings to Fixed Charges
                                
Excluding interest on deposits
     2.47 x     2.05 x     2.37 x     2.55 x
Including interest on deposits
     1.42 x     1.34 x     1.41 x     1.52 x