|
|
|
|
|
|
|
|
|
|
Previous: FLEETBOSTON FINANCIAL CORP, 10-Q, EX-10.(B), 2000-08-11 |
Next: FLEETBOSTON FINANCIAL CORP, 10-Q, EX-27.1, 2000-08-11 |
EXHIBIT 12
FLEETBOSTON FINANCIAL CORPORATION
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED DIVIDENDS
EXCLUDING INTEREST ON DEPOSITS
(dollars in millions)
<TABLE>
<CAPTION>
Six Three
months months
ended ended
June 30, June 30, Year ended December 31,
2000 2000 1999 1998 1997 1996 1995
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Earnings:
Income before income taxes $3,113 $1,496 $3,426 $3,776 $3,762 $3,185 $2,354
Adjustments:
(a) Fixed charges:
(1) Interest on borrowed funds 1,662 806 2,794 2,240 1,788 1,686 2,492
(2) 1/3 of rent 40 19 103 96 92 95 90
(b) Preferred dividends 34 17 85 97 157 183 129
------ ------ ------ ------ ------ ------ ------
(c) Adjusted earnings $4,849 $2,338 $6,408 $6,209 $5,799 $5,149 $5,065
====== ====== ====== ====== ====== ====== ======
Fixed charges and preferred dividends $1,736 $ 842 $2,982 $2,433 $2,037 $1,964 $2,711
====== ====== ====== ====== ====== ====== ======
Adjusted earnings/fixed charges 2.79x 2.78x 2.15x 2.55x 2.85x 2.62x 1.87x
====== ====== ====== ====== ====== ====== ======
</TABLE>
INCLUDING INTEREST ON DEPOSITS
(dollars in millions)
<TABLE>
<CAPTION>
Six Three
months months
ended ended
June 30, June 30, Year ended December 31,
2000 2000 1999 1998 1997 1996 1995
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Earnings:
Income before income taxes $3,113 $1,496 $3,426 $3,776 $3,762 $3,185 $2,354
Adjustments:
(a) Fixed charges:
(1) Interest on borrowed funds 1,662 806 2,794 2,240 1,788 1,686 2,492
(2) 1/3 of rent 40 19 103 96 92 95 90
(3) Interest on deposits 1,781 884 3,516 3,706 3,339 3,433 3,517
(b) Preferred dividends 34 17 85 97 157 183 129
------ ------ ------ ------ ------ ------ ------
(c) Adjusted earnings $6,630 $3,222 $9,924 $9,915 $9,138 $8,582 $8,582
====== ====== ====== ====== ====== ====== ======
Fixed charges and preferred dividends $3,517 $1,726 $6,498 $6,139 $5,376 $5,397 $6,228
====== ====== ====== ====== ====== ====== ======
Adjusted earnings/fixed charges 1.89x 1.87x 1.53x 1.62x 1.70x 1.59x 1.38x
====== ====== ====== ====== ====== ====== ======
</TABLE>
<PAGE>
EXHIBIT 12 (continued)
FLEETBOSTON FINANCIAL CORPORATION
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS
(dollars in millions)
<TABLE>
<CAPTION>
Six Three
months months
ended ended
June 30, June 30, Year ended December 31,
2000 2000 1999 1998 1997 1996 1995
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Earnings:
Income before income taxes $3,113 $1,496 $3,426 $3,776 $3,762 $3,185 $2,354
Adjustments:
(a) Fixed charges:
(1) Interest on borrowed funds 1,662 806 2,794 2,240 1,788 1,686 2,492
(2) 1/3 of rent 40 19 103 96 92 95 90
------ ------ ------ ------ ------ ------ ------
(b) Adjusted earnings $4,815 $2,321 $6,323 $6,112 $5,642 $4,966 $4,936
====== ====== ====== ====== ====== ====== ======
Fixed charges $1,702 $ 825 $2,897 $2,336 $1,880 $1,781 $2,582
====== ====== ====== ====== ====== ====== ======
Adjusted earnings/fixed charges 2.83x 2.81x 2.18x 2.62x 3.00x 2.79x 1.91x
====== ====== ====== ====== ====== ====== ======
</TABLE>
INCLUDING INTEREST ON DEPOSITS
(dollars in millions)
<TABLE>
<CAPTION>
Six Three
months months
ended ended
June 30, June 30, Year ended December 31,
2000 2000 1999 1998 1997 1996 1995
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Earnings:
Income before income taxes $3,113 $1,496 $3,426 $3,776 $3,762 $3,185 $2,354
Adjustments:
(a) Fixed charges:
(1) Interest on borrowed funds 1,662 806 2,794 2,240 1,788 1,686 2,492
(2) 1/3 of rent 40 19 103 96 92 95 90
(3) Interest on deposits 1,781 884 3,516 3,706 3,339 3,433 3,517
------ ------ ------ ------ ------ ------ ------
(b) Adjusted earnings $6,596 $3,205 $9,839 $9,818 $8,981 $8,399 $8,453
====== ====== ====== ====== ====== ====== ======
Fixed charges $3,483 $1,709 $6,413 $6,042 $5,219 $5,214 $6,099
====== ====== ====== ====== ====== ====== ======
Adjusted earnings/fixed charges 1.89x 1.88x 1.53x 1.62x 1.72x 1.61x 1.39x
====== ====== ====== ====== ====== ====== ======
</TABLE>
|
|