EXHIBIT 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
| (dollars in thousands) | |||||||||||||||
| Years Ended September 30, |
2005 |
2004 |
2003 |
2002 |
2001 | ||||||||||
| Income before taxes |
$ | 1,420,855 | $ | 993,866 | $ | 700,203 | $ | 578,275 | $ | 637,790 | |||||
| Add fixed charges: |
|||||||||||||||
| Interest expense–excluding interest on deposits |
34,563 | 32,254 | 22,924 | 18,108 | 21,336 | ||||||||||
| Interest expense–deposits |
7,651 | 4,295 | 6,122 | 9,812 | 10,768 | ||||||||||
| Interest factor on rent1 |
15,717 | 13,020 | 13,413 | 20,977 | 20,228 | ||||||||||
| Total fixed charges |
$ | 57,931 | $ | 49,569 | $ | 42,459 | $ | 48,897 | $ | 52,332 | |||||
| Earnings before fixed charges and taxes on income |
$ | 1,478,786 | $ | 1,043,435 | $ | 742,662 | $ | 627,172 | $ | 690,122 | |||||
| Ratio of earnings to fixed charges–including interest on deposits |
25.5 | 21.1 | 17.5 | 12.8 | 13.2 | ||||||||||
| Ratio of earnings to fixed charges-excluding interest on deposits |
29.3 | 23.0 | 20.3 | 15.8 | 16.3 | ||||||||||
| 1 | Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest). |