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EXHIBIT 12.1
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STATEMENT SETTING FORTH COMPUTATION OF RATIO OF PROFIT TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
THREE MONTHS ENDED
MARCH 31, YEAR ENDED DECEMBER 31,
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2000 1999 1999 1998 1997 1996 1995
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Earnings before taxes, cumulative
effect of change in accounting,
and extraordinary items ....... $ 202,193 $ 192,380 $ 762,729 $ 739,168 $ 587,195 $ 368,181 $ 385,232
Fixed Charges:
Interest on deposits .......... 340,010 307,567 1,250,364 1,285,343 1,209,646 1,061,414 1,048,390
Interest on advances and other
borrowings .................... 182,913 136,693 571,996 709,888 732,356 689,187 656,215
One-third of rental expense ... 1,968 1,785 7,411 6,783 6,510 6,096 5,847
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Total Fixed Charges .............. $ 524,891 $ 446,045 $1,829,771 $2,002,014 $1,948,512 $1,756,697 $1,710,452
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Ratio of earnings to fixed charges:
Including interest on deposits.. 1.39x 1.43x 1.42x 1.37x 1.30x 1.21x 1.23x
Excluding interest on deposits.. 2.09x 2.39x 2.32x 2.03x 1.79x 1.53x 1.58x
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