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Previous: MERRILL LYNCH PREFERRED FUNDING III LP, 10-Q, 2000-11-09 |
Next: MERRILL LYNCH PREFERRED FUNDING III LP, 10-Q, EX-27, 2000-11-09 |
<TABLE>
<CAPTION>
EXHIBIT 12
MERRILL LYNCH PREFERRED CAPITAL TRUST III
MERRILL LYNCH PREFERRED FUNDING III, 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 III FUNDING III, L.P. CAPITAL TRUST III FUNDING III, L.P.
----------------- ----------------- ----------------- ----------------
<S> <C> <C> <C> <C>
Earnings $ 13,531 $ 15,896 $ 13,531 $ 15,870
======== ======== ======== ========
Fixed charges $ - $ - $ - $ -
Preferred securities distribution
requirements 13,125 13,531 13,125 13,531
-------- -------- -------- --------
Total combined fixed charges and
preferred securities distributions $ 13,125 $ 13,531 $ 13,125 $ 13,531
======== ======== ======== ========
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 III FUNDING III, L.P. CAPITAL TRUST III FUNDING III, L.P.
----------------- ----------------- ----------------- ----------------
Earnings $ 40,593 $ 47,666 $ 40,593 $ 47,594
======== ======== ======== ========
Fixed charges $ - $ - $ - $ -
Preferred securities distribution
requirements 39,375 40,593 39,375 40,593
-------- -------- -------- --------
Total combined fixed charges and
preferred securities distributions $ 39,375 $ 40,593 $ 39,375 $ 40,593
======== ======== ======== ========
Ratio of earnings to combined
fixed charges and preferred
securities distributions 1.03 1.17 1.03 1.17
</TABLE>
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