Part II
Item 4. (continued)
EXHIBIT 12
----------
CHASE PREFERRED CAPITAL CORPORATION
Computation of ratio of earnings to fixed charges
-------------------------------------------------
and preferred stock dividend requirements
(Unaudited)
Nine Months Ended
September 30, 2000
(in thousands, except ratio):
================================================================================
Earnings
Net income $ 313,798
-----------
Fixed charges 0
Total fixed charges 0
-----------
Earnings before fixed charges $ 313,798
===========
Fixed charges, as above $ 0
Preferred stock dividend requirements 247,206
-----------
Fixed charges including preferred stock dividends $ 247,206
===========
Ratio of earnings to fixed charges and
preferred stock dividend requirements 1.27
===========
===============================================================================
27