Exhibit 12.1

Ratio of Earnings to Fixed Charges

	(Unaudited)
	Six Months Ended
	June 30,				Twelve Months Ended December 31,
(in thousands of dollars)	2008		2007		2007		2006		2005		2004		2003
Earnings:
Income before income taxes	$	281,125	$	234,050	$	22,643	$	514,061	$	543,574	$	552,666	$	523,987
Add: Fixed charges, excluding interest on deposits		189,223		179,312		431,320		345,253		243,239		191,648		179,903
Earnings available for fixed charges, excluding interest on deposits		470,348		413,362		453,963		859,314		786,813		744,314		703,890
Add: Interest on deposits		502,648		394,831		1,026,388		717,167		446,919		257,099		288,271
Earnings available for fixed charges, including interest on deposits	$	972,996	$	808,193	$	1,480,351	$	1,576,481	$	1,233,732	$	1,001,413	$	992,161
Fixed Charges:
Interest expense, excluding interest on deposits	$	180,748	$	173,633	$	415,063	$	334,175	$	232,435	$	178,842	$	168,499
Interest factor in net rental expense		8,475		5,679		16,257		11,078		10,804		12,806		11,405
Total fixed charges, excluding interest on deposits		189,223		179,312		431,320		345,253		243,239		191,648		179,903
Add: Interest on deposits		502,648		394,831		1,026,388		717,167		446,919		257,099		288,271
Total fixed charges, including interest on deposits	$	691,871	$	574,143	$	1,457,708	$	1,062,420	$	690,158	$	448,747	$	468,174
Ratio of Earnings to Fixed Charges
Excluding interest on deposits		2.49 x		2.31 x		1.05 x		2.49 x		3.23 x		3.88 x		3.91 x
Including interest on deposits		1.41 x		1.41 x		1.02 x		1.48 x		1.79 x		2.23 x		2.12 x