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Previous: MERRILL LYNCH PREFERRED CAPITAL TRUST I, 10-Q, 2000-08-10 |
Next: MERRILL LYNCH PREFERRED CAPITAL TRUST I, 10-Q, EX-27, 2000-08-10 |
<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
JUNE 30, 2000 JUNE 25, 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 $ 6,445 $ 5,493 $ 6,435
======== ======== ======== ========
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 SIX MONTHS ENDED FOR THE SIX MONTHS ENDED
JUNE 30, 2000 JUNE 25, 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 $ 10,986 $ 12,886 $ 10,986 $ 12,868
======== ======== ======== ========
Fixed charges $ - $ - $ - $ -
Preferred securities distribution
requirements 10,656 10,986 10,656 10,986
-------- -------- -------- --------
Total combined fixed charges and
preferred securities distributions $ 10,656 $ 10,986 $ 10,656 $ 10,986
======== ======== ======== ========
Ratio of earnings to combined
fixed charges and preferred
securities distributions 1.03 1.17 1.03 1.17
</TABLE>
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