EX-12.A 7 g74480ex12-a.txt COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO EXHIBIT (12)(a) WACHOVIA CORPORATION AND SUBSIDIARIES COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
------------------------------------------------------------------------------------------------------------------------- Years Ended December 31, ------------------------------------------------------------ (In millions) 2001 2000 1999 1998 1997 ------------------------------------------------------------------------------------------------------------------------- EXCLUDING INTEREST ON DEPOSITS Pretax income from continuing operations $ 2,293 632 4,831 3,965 3,793 Fixed charges, excluding capitalized interest 3,734 4,963 3,751 3,504 2,526 ------------------------------------------------------------------------------------------------------------------------- Earnings (A) $ 6,027 5,595 8,582 7,469 6,319 ========================================================================================================================= Interest, excluding interest on deposits $ 3,581 4,828 3,645 3,395 2,420 One-third of rents 153 135 106 109 106 Capitalized interest -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- Fixed charges (B) $ 3,734 4,963 3,751 3,504 2,526 ========================================================================================================================= Consolidated ratios of earnings to fixed charges, excluding interest on deposits (A)/(B) 1.61 X 1.13 2.29 2.13 2.50 ========================================================================================================================= INCLUDING INTEREST ON DEPOSITS Pretax income from continuing operations $ 2,293 632 4,831 3,965 3,793 Fixed charges, excluding capitalized interest 8,478 10,232 7,805 7,820 6,674 ------------------------------------------------------------------------------------------------------------------------- Earnings (C) $10,771 10,864 12,636 11,785 10,467 ========================================================================================================================= Interest, including interest on deposits $ 8,325 10,097 7,699 7,711 6,568 One-third of rents 153 135 106 109 106 Capitalized interest -- -- -- -- -- ------------------------------------------------------------------------------------------------------------------------- Fixed charges (D) $ 8,478 10,232 7,805 7,820 6,674 ========================================================================================================================= Consolidated ratios of earnings to fixed charges, including interest on deposits (C)/(D) 1.27 X 1.06 1.62 1.51 1.57 =========================================================================================================================