EX-12.(B) 3 b39328fbex12-b.txt COMPUTATION OF CONSOLIDATED RATIOS 1 EXHIBIT 12(b) FLEETBOSTON FINANCIAL CORPORATION COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES 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) Adjusted earnings $10,554 $ 7,400 $ 7,132 $ 6,458 $ 5,614 ======= ======= ======= ======= ======= Fixed charges $ 4,093 $ 3,325 $ 2,688 $ 2,144 $ 1,995 ======= ======= ======= ======= ======= Adjusted earnings/fixed charges 2.58 x 2.23 x 2.65 x 3.01 x 2.81 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) Adjusted earnings $15,066 $11,602 $11,511 $10,479 $ 9,706 ======= ======= ======= ======= ======= Fixed charges $ 8,605 $ 7,527 $ 7,067 $ 6,165 $ 6,087 ======= ======= ======= ======= ======= Adjusted earnings/fixed charges 1.75 x 1.54 x 1.63 x 1.70 x 1.59 x ======= ======= ======= ======= =======