Exhibit 12.1
Ratio of Earnings to Fixed Charges
                                                         
    (Unaudited)        
    Six Months Ended        
    June 30,     Twelve Months Ended December 31,  
(in thousands of dollars)   2008     2007     2007     2006     2005     2004     2003  
 
 
                                                        
Earnings:
                                                        
 
                                                        
Income before income taxes
   $ 281,125     $ 234,050     $ 22,643     $ 514,061     $ 543,574     $ 552,666     $ 523,987  
 
Add: Fixed charges, excluding interest on deposits
     189,223       179,312       431,320       345,253       243,239       191,648       179,903  
 
Earnings available for fixed charges, excluding interest on deposits
     470,348       413,362       453,963       859,314       786,813       744,314       703,890  
Add: Interest on deposits
     502,648       394,831       1,026,388       717,167       446,919       257,099       288,271  
 
Earnings available for fixed charges, including interest on deposits
   $ 972,996     $ 808,193     $ 1,480,351     $ 1,576,481     $ 1,233,732     $ 1,001,413     $ 992,161  
 
 
                                                        
Fixed Charges:
                                                        
Interest expense, excluding interest on deposits
   $ 180,748     $ 173,633     $ 415,063     $ 334,175     $ 232,435     $ 178,842     $ 168,499  
Interest factor in net rental expense
     8,475       5,679       16,257       11,078       10,804       12,806       11,405  
 
Total fixed charges, excluding interest on deposits
     189,223       179,312       431,320       345,253       243,239       191,648       179,903  
Add: Interest on deposits
     502,648       394,831       1,026,388       717,167       446,919       257,099       288,271  
 
Total fixed charges, including interest on deposits
   $ 691,871     $ 574,143     $ 1,457,708     $ 1,062,420     $ 690,158     $ 448,747     $ 468,174  
 
 
                                                        
Ratio of Earnings to Fixed Charges
Excluding interest on deposits
     2.49 x       2.31 x       1.05 x       2.49 x       3.23 x       3.88 x       3.91 x  
Including interest on deposits
     1.41 x       1.41 x       1.02 x       1.48 x       1.79 x       2.23 x       2.12 x