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Previous: CHASE MANHATTAN CORP /DE/, 10-Q, EX-11, 2000-11-14 |
Next: CHASE MANHATTAN CORP /DE/, 10-Q, EX-12.B, 2000-11-14 |
<PAGE> 1
EXHIBIT 12(A)
THE CHASE MANHATTAN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIOS)
<TABLE>
<CAPTION>
Nine Months Ended
September 30, 2000
------------------
<S> <C>
EXCLUDING INTEREST ON DEPOSITS
Income before income taxes $ 5,130
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Fixed charges:
Interest expense 4,921
One-third of rents, net of income from subleases (a) 126
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Total fixed charges 5,047
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Less: Equity in undistributed income of affiliates (55)
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Earnings before taxes and fixed charges, excluding capitalized interest $ 10,122
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Fixed charges, as above $ 5,047
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Ratio of earnings to fixed charges 2.01
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INCLUDING INTEREST ON DEPOSITS
Fixed charges, as above $ 5,047
Add: Interest on deposits 6,302
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Total fixed charges and interest on deposits $ 11,349
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Earnings before taxes and fixed charges, excluding
capitalized interest,as above $ 10,122
Add: Interest on deposits 6,302
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Total earnings before taxes, fixed charges and interest on deposits $ 16,424
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Ratio of earnings to fixed charges 1.45
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</TABLE>
(a) The proportion deemed representative of the interest factor.
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