UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 20, 1999
1-2981
(Commission File Number)
-------------------
FIRSTAR CORPORATION
(Exact name of Registrant as specified in its charter)
WISCONSIN 39-1940778
(State of incorporation) (I.R.S. Employer
Identification Number)
777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202
(Address of Registrant's principal executive
office)
414-765-4321
(Registrant's telephone number)
<PAGE>
ITEM 5. OTHER MATTERS
Firstar Corporation (the "Company") has filed with the Securities
and Exchange Commission (the "Commission") a registration statement on Form S-3
(File No. 333-79981) and Amendment No. 1 thereto for the registration of
$1,000,000,000 of debt securities and debt warrants, preferred shares and
preferred share warrants, depositary shares, common stock and common stock
warrants and units pursuant to the Securities Act of 1933, as amended (the "1933
Act"), and the offering thereof from time to time of such securities in
accordance with Rule 415 of the rules and regulations of the Commission under
the 1933 Act. The registration statement, as amended, was declared effective by
the Commission on June 23, 1999.
Statements regarding the computation of the ratios of earnings to
fixed charges and earnings to combined fixed charges and preferred stock
dividends are filed as Exhibit 12.1 to this Current Report on Form 8-K.
-2-
<PAGE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The following exhibits are filed herewith:
Exhibit Title
Number
12.1 Statements regarding the computation of the ratios of
earnings to fixed charges and earnings to combined fixed
charges and preferred stock dividends
-3-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Form 8-K to be signed on its behalf by the
undersigned, thereunto duly authorized.
FIRSTAR CORPORATION
By: /s/ Jennie P. Carlson
Name: Jennie P. Carlson
Title: Senior Vice President, General
Counsel and Secretary
Date: July 20, 1999
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<PAGE>
EXHIBIT INDEX
Exhibit Number Title
12.1 Statements regarding the computation of the ratios of
earnings to fixed charges and earnings to combined fixed
charges and preferred stock dividends
-5-
EXHIBIT 12.1
FIRSTAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(THOUSANDS OF DOLLARS)
<TABLE>
<CAPTION>
Quarter Years Ended December 31
Ended ---------------------------------------------------------------------
3/31/99 1998 1997 1996 1995 1994
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
EXCLUDING INTEREST
ON DEPOSITS
Earnings
Net income before taxes $ 252,858 $ 638,099 $ 769,934 $ 624,100 $ 575,014 $ 539,314
Interest on debt 73,053 316,751 270,526 235,381 256,628 155,469
Portion of rents
representative
of interest factor 4,817 19,268 20,226 18,024 16,988 17,666
---------- ---------- ---------- ---------- ---------- ----------
Total 330,728 974,118 1,060,686 877,505 848,630 712,449
Fixed charges
Interest on debt $ 73,053 $ 316,751 $ 270,526 235,381 $ 256,628 155,469
Portion of rents
representative
of interest factor 4,817 19,268 20,226 18,024 16,988 17,666
---------- ---------- ---------- ---------- ---------- ----------
Total 77,870 336,019 290,752 253,405 273,616 173,135
Ratio of earnings to
fixed charges 4.25 x 2.90 x 3.65x 3.46 x 3.10 x 4.11 x
INCLUDING INTEREST ON
DEPOSITS
Earnings
Net income before taxes $ 252,858 $ 638,099 $ 769,934 $ 624,100 $ 575,014 $ 539,314
Interest on debt 73,053 316,751 270,526 235,381 256,628 155,469
Interest on deposits 210,579 911,958 804,406 788,023 770,473 553,654
Portion of rents
representative
of interest factor 4,817 19,268 20,226 18,024 16,988 17,666
---------- ---------- ---------- ---------- ---------- ----------
Total 541,307 1,886,076 1,865,092 1,665,528 1,619,103 1,266,103
Fixed charges
Interest on debt $ 73,053 $ 316,751 $ 270,526 235,381 $ 256,628 155,469
Interest on deposits 210,579 911,958 804,406 788,023 770,473 553,654
Portion of rents
representative
of interest factor 4,817 19,268 20,226 18,024 16,988 17,666
---------- ---------- ---------- ---------- ---------- ----------
Total 288,449 1,247,977 1,095,158 1,041,428 1,044,089 726,789
Ratio of earnings to
fixed charges 1.88 x 1.51 x 1.70 x 1.60 x 1.55 x 1.74 x
</TABLE>
<PAGE>
FIRSTAR CORPORATION
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(THOUSANDS OF DOLLARS)
<TABLE>
<CAPTION>
Quarter Years Ended December 31
Ended ---------------------------------------------------------------------
3/31/99 1998 1997 1996 1995 1994
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
EXCLUDING INTEREST
ON DEPOSITS
Earnings
Net income before taxes $ 252,858 $ 638,099 $ 769,934 $ 624,100 $ 575,014 $ 539,314
Interest on debt 73,053 316,751 270,526 235,381 256,628 155,469
Preferred dividend 0 83 483 872 1,521 2,223
Portion of rents
representative
of interest factor 4,817 19,268 20,226 18,024 16,988 17,666
---------- ---------- ---------- ---------- ---------- ----------
Total 330,728 974,201 1,061,169 878,377 850,151 714,672
Fixed charges
Interest on debt $ 73,053 $ 316,751 $ 270,526 235,381 $ 256,628 155,469
Preferred dividend 0 83 483 872 1,521 2,223
Portion of rents
representative
of interest factor 4,817 19,268 20,226 18,024 16,988 17,666
---------- ---------- ---------- ---------- ---------- ----------
Total 77,870 336,102 291,235 254,277 275,137 175,358
Ratio of earnings to
combined fixed charges and
preferred stock dividends 4.25 x 2.90 x 3.64 x 3.45 x 3.09 x 4.08 x
INCLUDING INTEREST ON
DEPOSITS
Earnings
Net income before taxes $ 252,858 $ 638,099 $ 769,934 $ 624,100 $ 575,014 $ 539,314
Interest on debt 73,053 316,751 270,526 235,381 256,628 155,469
Interest on deposits 210,579 911,958 804,406 788,023 770,473 553,654
Preferred dividend 0 83 483 872 1,521 2,223
Portion of rents
representative
of interest factor 4,817 19,268 20,226 18,024 16,988 17,666
---------- ---------- ---------- ---------- ---------- ----------
Total 541,307 1,886,159 1,865,575 1,666,400 1,620,624 1,268,326
Fixed charges
Interest on debt $ 73,053 $ 316,751 $ 270,526 235,381 $ 256,628 155,469
Interest on deposits 210,579 911,958 804,406 788,023 770,473 553,654
Preferred dividend 0 83 483 872 1,521 2,223
Portion of rents
representative
of interest factor 4,817 19,268 20,226 18,024 16,988 17,666
---------- ---------- ---------- ---------- ---------- ----------
Total 288,449 1,248,060 1,095,641 1,042,300 1,045,610 729,012
Ratio of earnings to
combined fixed charges and
preferred stock dividends 1.88 x 1.51 x 1.70 x 1.60 x 1.55 x 1.74 x
</TABLE>
