EX-12.A 2 g97993exv12wa.htm EX-(12)(A) EX-(12)(A)
 

Exhibit (12)(a)
WACHOVIA CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
 
                                                         
            Nine        
            Months        
            Ended     Years Ended December 31,  
            Sept. 30,                                
(In millions)           2005     2004     2003     2002     2001     2000  
 
EXCLUDING INTEREST ON
DEPOSITS
                                                        
Pretax income from continuing operations
           $ 7,317       7,633       6,080       4,667       2,293       632  
Fixed charges, excluding capitalized interest
             3,558       2,701       2,309       2,414       3,734       4,963  
 
Earnings
     (A )   $ 10,875       10,334       8,389       7,081       6,027       5,595  
 
Interest, excluding interest on deposits
           $ 3,362       2,474       2,113       2,247       3,581       4,828  
One-third of rents
             196       227       196       167       153       135  
Capitalized interest
             —       —       —       —       —       —  
 
Fixed charges (a)
     (B )   $ 3,558       2,701       2,309       2,414       3,734       4,963  
 
Consolidated ratios of earnings to fixed charges, excluding interest on deposits
     (A)/ (B)     3.06 X     3.83       3.63       2.93       1.61       1.13  
 
INCLUDING INTEREST ON DEPOSITS
                                                        
Pretax income from continuing operations
           $ 7,317       7,633       6,080       4,667       2,293       632  
Fixed charges, excluding capitalized interest
             7,237       5,554       4,669       5,844       8,478       10,232  
 
Earnings
     (C )   $ 14,554       13,187       10,749       10,511       10,771       10,864  
 
Interest, including interest on deposits
           $ 7,041       5,327       4,473       5,677       8,325       10,097  
One-third of rents
             196       227       196       167       153       135  
Capitalized interest
             —       —       —       —       —       —  
 
Fixed charges (a)
     (D )   $ 7,237       5,554       4,669       5,844       8,478       10,232  
 
Consolidated ratios of earnings to fixed charges, including interest on deposits
     (C)/ (D)     2.01 X     2.37       2.30       1.80       1.27       1.06  
 
(a) The amount of fixed charges do not include other obligations which exist under Financial Accounting Standards Board Interpretation No. 45, “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others”.