Exhibit 12
Six Months
Ended
June 30, Year Ended December 31,
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1998 1997 1997 1996 1995 1994 1993
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EXCLUDING INTEREST ON DEPOSITS
Income before taxes ................ $267,456 $245,864 $ 459,164 $ 457,268 $ 429,084 $410,970 $402,656
Fixed charges:
Interest expense ............ 167,066 157,512 308,122 299,962 318,192 174,143 126,859
1/3 of net rent expense ..... 4,646 4,705 9,572 9,166 8,657 9,034 8,048
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Total fixed charges ...... 171,712 162,217 317,694 309,128 326,849 183,177 134,907
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Earnings ........................... $439,168 $408,081 $ 776,858 $ 766,396 $ 755,933 $594,147 $537,563
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Fixed charges ...................... $171,712 $162,217 $ 317,694 $ 309,128 $ 326,849 $183,177 $134,907
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Ratio of Earnings
to Fixed Charges ............ 2.56 2.52 2.45 2.48 2.31 3.24 3.98
INCLUDING INTEREST ON DEPOSITS
Income before taxes ................ $267,456 $245,864 $ 459,164 $ 457,268 $ 429,084 $410,970 $402,656
Fixed charges:
Interest expense ............ 491,471 468,383 954,243 880,648 856,860 546,880 514,812
1/3 of net rent expense ..... 4,646 4,705 9,572 9,166 8,657 9,034 8,048
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Total fixed charges ...... 496,117 473,088 963,815 889,814 865,517 555,914 522,860
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Earnings ........................... $763,573 $718,952 $1,422,979 $1,347,082 $1,294,601 $966,884 $925,516
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Fixed charges ...................... $496,117 $473,088 $ 963,815 $ 889,814 $ 865,517 $555,914 $522,860
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Ratio of Earnings
to Fixed Charges ............ 1.54 1.52 1.48 1.51 1.50 1.74 1.77