EX-12 6 b40055fbex12.txt COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS 1 EXHIBIT 12 FLEETBOSTON FINANCIAL CORPORATION COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS EXCLUDING INTEREST ON DEPOSITS (DOLLARS IN MILLIONS)
Six Three months months ended ended June 30, June 30, Year ended December 31, -------------------------------------------------------------------------------------------------------------------------------- 2001 2001 2000 1999 1998 1997 1996 -------------------------------------------------------------------------------------------------------------------------------- Earnings: Income before income taxes $ 1,129 $ 853 $ 6,461 $ 4,075 $ 4,444 $ 4,314 $ 3,619 Adjustments: Fixed charges: Interest on borrowed funds 1,654 727 3,985 3,198 2,569 2,026 1,881 1/3 of rent 56 28 108 127 119 118 114 Preferred dividends 29 12 64 83 96 155 185 ------- ------- ------- ------- ------- ------- ------- Adjusted earnings $ 2,868 $ 1,620 $10,618 $ 7,483 $ 7,228 $ 6,613 $ 5,799 ======= ======= ======= ======= ======= ======= ======= Fixed charges and preferred dividends $ 1,739 $ 767 $ 4,157 $ 3,408 $ 2,784 $ 2,299 $ 2,180 ======= ======= ======= ======= ======= ======= ======= Adjusted earnings/fixed charges 1.65x 2.11x 2.55x 2.20x 2.60x 2.88x 2.66x ======= ======= ======= ======= ======= ======= =======
INCLUDING INTEREST ON DEPOSITS (DOLLARS IN MILLIONS)
Six Three months months ended ended June 30, June 30, Year ended December 31, -------------------------------------------------------------------------------------------------------------------------------- 2001 2001 2000 1999 1998 1997 1996 -------------------------------------------------------------------------------------------------------------------------------- Earnings: Income before income taxes $ 1,129 $ 853 $ 6,461 $ 4,075 $ 4,444 $ 4,314 $ 3,619 Adjustments: Fixed charges: Interest on borrowed funds 1,654 727 3,985 3,198 2,569 2,026 1,881 1/3 of rent 56 28 108 127 119 118 114 Interest on deposits 2,010 938 4,512 4,202 4,379 4,021 4,092 Preferred dividends 29 12 64 83 96 155 185 ------- ------- ------- ------- ------- ------- ------- Adjusted earnings $ 4,878 $ 2,558 $15,130 $11,685 $11,607 $10,634 $ 9,891 ======= ======= ======= ======= ======= ======= ======= Fixed charges and preferred dividends $ 3,749 $ 1,705 $ 8,669 $ 7,610 $ 7,163 $ 6,320 $ 6,272 ======= ======= ======= ======= ======= ======= ======= Adjusted earnings/fixed charges 1.30x 1.50x 1.75x 1.54x 1.62x 1.68x 1.58x ======= ======= ======= ======= ======= ======= =======
2 EXHIBIT 12 (CONTINUED) FLEETBOSTON FINANCIAL CORPORATION COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES EXCLUDING INTEREST ON DEPOSITS (DOLLARS IN MILLIONS)
Six Three months months ended ended June 30, June 30, Year ended December 31, -------------------------------------------------------------------------------------------------------------------------------- 2001 2001 2000 1999 1998 1997 1996 -------------------------------------------------------------------------------------------------------------------------------- Earnings: Income before income taxes $ 1,129 $ 853 $ 6,461 $ 4,075 $ 4,444 $ 4,314 $ 3,619 Adjustments: Fixed charges: Interest on borrowed funds 1,654 727 3,985 3,198 2,569 2,026 1,881 1/3 of rent 56 28 108 127 119 118 114 ------- ------- ------- ------- ------- ------- ------- Adjusted earnings $ 2,839 $ 1,608 $10,554 $ 7,400 $ 7,132 $ 6,458 $ 5,614 ======= ======= ======= ======= ======= ======= ======= Fixed charges $ 1,710 $ 755 $ 4,093 $ 3,325 $ 2,688 $ 2,144 $ 1,995 ======= ======= ======= ======= ======= ======= ======= Adjusted earnings/fixed charges 1.66x 2.13x 2.58x 2.23x 2.65x 3.01x 2.81x ======= ======= ======= ======= ======= ======= =======
INCLUDING INTEREST ON DEPOSITS (DOLLARS IN MILLIONS)
Six Three months months ended ended June 30, June 30, Year ended December 31, -------------------------------------------------------------------------------------------------------------------------------- 2001 2001 2000 1999 1998 1997 1996 -------------------------------------------------------------------------------------------------------------------------------- Earnings: Income before income taxes $ 1,129 $ 853 $ 6,461 $ 4,075 $ 4,444 $ 4,314 $ 3,619 Adjustments: Fixed charges: Interest on borrowed funds 1,654 727 3,985 3,198 2,569 2,026 1,881 1/3 of rent 56 28 108 127 119 118 114 Interest on deposits 2,010 938 4,512 4,202 4,379 4,021 4,092 ------- ------- ------- ------- ------- ------- ------- Adjusted earnings $ 4,849 $ 2,546 $15,066 $11,602 $11,511 $10,479 $ 9,706 ======= ======= ======= ======= ======= ======= ======= Fixed charges $ 3,720 $ 1,693 $ 8,605 $ 7,527 $ 7,067 $ 6,165 $ 6,087 ======= ======= ======= ======= ======= ======= ======= Adjusted earnings/fixed charges 1.30x 1.50x 1.75x 1.54x 1.63x 1.70x 1.59x ======= ======= ======= ======= ======= ======= =======