EX-12.(A) 2 b39328fbex12-a.txt COMPUTATION OF CONSOLIDATED RATIOS 1 EXHIBIT 12(a) FLEETBOSTON FINANCIAL CORPORATION COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS EXCLUDING INTEREST ON DEPOSITS (dollars in millions)
Year Ended December 31, ------------------------------------------------------------------------------------------------------------- 2000 1999 1998 1997 1996 ------------------------------------------------------------------------------------------------------------- Earnings: Income before income taxes $ 6,461 $ 4,075 $ 4,444 $ 4,314 $ 3,619 Adjustments: (a) Fixed charges: (1) Interest on borrowed funds 3,985 3,198 2,569 2,026 1,881 (2) 1/3 of rent 108 127 119 118 114 (b) Preferred dividends 64 83 96 155 185 ------- ------- ------- ------- ------- (c) Adjusted earnings $10,618 $ 7,483 $ 7,228 $ 6,613 $ 5,799 ======= ======= ======= ======= ======= Fixed charges and preferred dividends $ 4,157 $ 3,408 $ 2,784 $ 2,299 $ 2,180 ======= ======= ======= ======= ======= Adjusted earnings/fixed charges 2.55 x 2.20 x 2.60 x 2.88 x 2.66 x ======= ======= ======= ======= =======
INCLUDING INTEREST ON DEPOSITS (dollars in millions)
Year Ended December 31, ------------------------------------------------------------------------------------------------------------- 2000 1999 1998 1997 1996 ------------------------------------------------------------------------------------------------------------- Earnings: Income before income taxes $ 6,461 $ 4,075 $ 4,444 $ 4,314 $ 3,619 Adjustments: (a) Fixed charges: (1) Interest on borrowed funds 3,985 3,198 2,569 2,026 1,881 (2) 1/3 of rent 108 127 119 118 114 (3) Interest on deposits 4,512 4,202 4,379 4,021 4,092 (b) Preferred dividends 64 83 96 155 185 ------- ------- ------- ------- ------- (c) Adjusted earnings $15,130 $11,685 $11,607 $10,634 $ 9,891 ======= ======= ======= ======= ======= Fixed charges and preferred dividends $ 8,669 $ 7,610 $ 7,163 $ 6,320 $ 6,272 ======= ======= ======= ======= ======= Adjusted earnings/fixed charges 1.75 x 1.54 x 1.62 x 1.68 x 1.58 x ======= ======= ======= ======= =======