Exhibit 12.2
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
                                         
    Twelve Months Ended December 31,
(in thousands of dollars)   2008   2007   2006   2005   2004
 
Earnings:
                                       
 
                                       
(Loss) income before income taxes
  $ (296,008 )   $ 22,643     $ 514,061     $ 543,574     $ 552,666  
 
Add: Fixed charges, excluding interest on deposits and preferred stock dividends
    351,672       431,320       345,253       243,239       191,648  
 
Earnings available for fixed charges, excluding interest on deposits
    55,664       453,963       859,314       786,813       744,314  
Add: Interest on deposits
    931,679       1,026,388       717,167       446,919       257,099  
 
Earnings available for fixed charges, including interest on deposits
  $ 987,343     $ 1,480,351     $ 1,576,481     $ 1,233,732     $ 1,001,413  
 
 
                                       
Fixed Charges:
                                       
Interest expense, excluding interest on deposits
  $ 334,952     $ 415,063     $ 334,175     $ 232,435     $ 178,842  
Interest factor in net rental expense
    16,720       16,257       11,078       10,804       12,806  
Preferred stock dividends
    46,400       0       0       0       0  
 
Total fixed charges, excluding interest on deposits
    398,072       431,320       345,253       243,239       191,648  
Add: Interest on deposits
    931,679       1,026,388       717,167       446,919       257,099  
 
Total fixed charges, including interest on deposits
  $ 1,329,751     $ 1,457,708     $ 1,062,420     $ 690,158     $ 448,747  
 
 
                                       
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
                                       
Excluding interest on deposits
    0.14 x     1.05 x     2.49 x     3.23 x     3.88 x
Including interest on deposits
    0.74 x     1.02 x     1.48 x     1.79 x     2.23 x