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Previous: MERRILL LYNCH PREFERRED CAPITAL TRUST I, 10-Q, 2000-11-09 |
Next: MERRILL LYNCH PREFERRED CAPITAL TRUST I, 10-Q, EX-27, 2000-11-09 |
<TABLE>
<CAPTION>
EXHIBIT 12
MERRILL LYNCH PREFERRED CAPITAL TRUST I
MERRILL LYNCH PREFERRED FUNDING I, L.P.
COMPUTATION OF RATIOS OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED SECURITIES DISTRIBUTIONS
(dollars in thousands)
FOR THE THREE MONTHS ENDED FOR THE THREE MONTHS ENDED
SEPTEMBER 29, 2000 SEPTEMBER 24, 1999
---------------------------------- ----------------------------------
MERRILL LYNCH MERRILL LYNCH MERRILL LYNCH MERRILL LYNCH
PREFERRED PREFERRED PREFERRED PREFERRED
CAPITAL TRUST I FUNDING I, L.P. CAPITAL TRUST I FUNDING I, L.P.
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
Earnings $ 5,493 $ 6,447 $ 5,493 $ 6,437
======== ======== ======== ========
Fixed charges $ - $ - $ - $ -
Preferred securities distribution
requirements 5,328 5,493 5,328 5,493
-------- -------- -------- --------
Total combined fixed charges and
preferred securities distributions $ 5,328 $ 5,493 $ 5,328 $ 5,493
======== ======== ======== ========
Ratio of earnings to combined
fixed charges and preferred
securities distributions 1.03 1.17 1.03 1.17
FOR THE NINE MONTHS ENDED FOR THE NINE MONTHS ENDED
SEPTEMBER 29, 2000 SEPTEMBER 24, 1999
---------------------------------- ----------------------------------
MERRILL LYNCH MERRILL LYNCH MERRILL LYNCH MERRILL LYNCH
PREFERRED PREFERRED PREFERRED PREFERRED
CAPITAL TRUST I FUNDING I, L.P. CAPITAL TRUST I FUNDING I, L.P.
--------------- --------------- --------------- ---------------
Earnings $ 16,479 $ 19,332 $ 16,479 $ 19,305
======== ======== ======== ========
Fixed charges $ - $ - $ - $ -
Preferred securities distribution
requirements 15,984 16,479 15,984 16,479
-------- -------- -------- --------
Total combined fixed charges and
preferred securities distributions $ 15,984 $ 16,479 $ 15,984 $ 16,479
======== ======== ======== ========
Ratio of earnings to combined
fixed charges and preferred
securities distributions 1.03 1.17 1.03 1.17
</TABLE>
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