Exhibit 12
RATIO OF EARNINGS TO FIXED CHARGES
Six months ended
June 30, For the years ended December 31,
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1995 1994 1994 1993 1992 1991 1990
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Income before income taxes $177,422 $202,583 $366,474 $363,791 $233,435 $190,118 $135,063
Fixed charges 151,765 72,825 182,321 135,751 107,018 110,411 165,029
Income before income taxes and fixed
charges, excluding interest on deposits 329,187 275,408 548,795 499,542 340,453 300,529 300,092
Interest on deposits 201,658 137,627 294,780 317,545 409,798 560,576 626,443
Income before income taxes and fixed
charges, including interest on deposits $530,845 $413,035 $843,575 $817,087 $750,251 $861,105 $926,535
Fixed charges:
Interest on long-term debt $45,134 $22,550 $62,245 $33,122 $22,081 $18,167 $17,836
Interest on short-term borrowings 99,709 43,696 106,646 89,444 72,967 81,175 136,480
Interest factor of rental expense
(.33 occupancy) 6,922 6,579 13,430 13,185 11,970 11,069 10,713
Total fixed charges excluding
interest on deposits 151,765 72,825 182,321 135,751 107,018 110,411 165,029
Interest on deposits 201,658 137,627 294,780 317,545 409,798 560,576 626,443
Total fixed charges including
interest on deposits $353,423 $210,452 $477,101 $453,296 $516,816 $670,987 $791,472
RATIO OF EARNINGS TO
FIXED CHARGES:
Excluding interest on deposits 2.17 3.78 3.01 3.68 3.18 2.72 1.82
Including interest on deposits 1.50 1.96 1.77 1.80 1.45 1.28 1.17