EX-12 6 exh_12.txt EXHIBIT 12 ----------
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES THREE MONTHS ENDED SIX MONTHS ENDED MARCH 31 MARCH 31 (dollars in thousands) 2003 2002 2003 2002 ----------------------------------------------------------------------------------------------- Income before taxes $152,227 $159,993 $300,953 $318,019 Add fixed charges: Interest expense-excluding interest on deposits 3,711 3,608 7,587 9,675 Interest expense-deposits 1,573 2,440 3,380 5,194 Interest factor on rent 3,942 4,639 6,557 9,933 ----------------------------------------------------------------------------------------------- Total fixed charges 9,226 10,687 17,524 24,802 ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- Earnings before fixed charges and taxes on income $161,453 $170,680 $318,477 $342,821 ----------------------------------------------------------------------------------------------- Ratio of earnings to fixed charges -including interest on deposits 17.5 16.0 18.2 13.8 Ratio of earnings to fixed charges -excluding interest on deposits 20.9 20.4 22.3 17.2 ----------------------------------------------------------------------------------------------- Fixed charges for these purposes consist of all interest expense and one-third of rental expenses (the approximate portion of rental expense representing interest).