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) February 13, 1997
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The CIT Group Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-1861 13-2994534
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1211 Avenue of the Americas
New York, New York 10036
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Registrant's telephone number, including area code (212) 536-1950
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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The CIT Group Holdings, Inc. and Subsidiaries
Computation of Ratios of Earnings To Fixed Charges
Years Ended December 31,
1996 1995 1994
Dollars in Millions
Net income ...................................$ 260.1 $ 225.3 $ 201.1
Provision for income taxes ................... 155.7 139.8 123.9
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Earnings before provision for income taxes ... 415.8 365.1 325.0
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Fixed Charges:
Interest and debt expenses on
indebtedness ............................ 848.3 831.5 614.0
Interest factor-one third of rentals on
real and personal properties ............ 8.1 7.9 7.9
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Total fixed charges .......................... 856.4 839.4 621.9
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Total earnings before provisions for
income taxes and fixed charges ......$1,272.2 $1,204.5 $ 946.9
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Ratios of Earnings to Fixed Charges .......... 1.49 1.44 1.52
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE CIT GROUP HOLDINGS, INC.
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(Registrant)
By /s/ JOSEPH M. LEONE
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Joseph M. Leone
Executive Vice President and
Chief Financial Officer
Dated: February 13, 1997
