EXHIBIT 12

Computation of Ratios of Earnings to Fixed Charges

	2008			2007		2006		2005		2004
	(In thousands)
Income (loss) before Income Taxes	$	(1,128,139	)	$	268,486	$	402,746	$	343,105	$	261,806
Fixed Charges:
Interest Expense		722,314			795,111		700,318		452,833		280,769
REIT Preferred Dividends		27,345			19,268		—		—		—
1/3 Rent Expense		16,190			14,595		13,083		12,516		10,656
Total Fixed Charges		765,849			828,974		713,401		465,349		291,425
Adjusted Earnings	$	(362,290	)	$	1,097,460	$	1,116,147	$	808,454	$	553,231
Ratio of Earnings to Fixed Charges		*			1.32 x		1.56 x		1.74 x		1.90 x
Interest on Deposits	$	497,023		$	554,833	$	469,289	$	273,533	$	148,136
Ratio of Earnings to Fixed Charges excluding interest on deposits		*			1.98 x		2.65 x		2.79 x		2.83 x

* During 2008, the ratios were less than 1.00x because earnings were not sufficient to cover fixed charges.

The fixed charges above exclude interest accrued for uncertain tax positions because such interest is classified as income tax expense in the Company’s Consolidated Statements of Income.