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Previous: CHASE MANHATTAN CORP /DE/, 10-Q, EX-11, 2000-08-14 |
Next: CHASE MANHATTAN CORP /DE/, 10-Q, EX-12.B, 2000-08-14 |
<PAGE> 1
EXHIBIT 12(a)
THE CHASE MANHATTAN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIOS)
<TABLE>
<CAPTION>
Six Months Ended
June 30, 2000
-----------------
<S> <C>
EXCLUDING INTEREST ON DEPOSITS
Income before income taxes $ 3,770
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Fixed charges:
Interest expense 3,096
One-third of rents, net of income from subleases (a) 78
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Total fixed charges 3,174
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Less: Equity in undistributed income of affiliates (36)
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Earnings before taxes and fixed charges, excluding capitalized interest $ 6,908
==========
Fixed charges, as above $ 3,174
==========
Ratio of earnings to fixed charges 2.18
==========
INCLUDING INTEREST ON DEPOSITS
Fixed charges, as above $ 3,174
Add: Interest on deposits 4,051
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Total fixed charges and interest on deposits $ 7,225
==========
Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 6,908
Add: Interest on deposits 4,051
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Total earnings before taxes, fixed charges and interest on deposits $ 10,959
==========
Ratio of earnings to fixed charges 1.52
=========
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</TABLE>
(a) The proportion deemed representative of the interest factor.
-51-
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