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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 3, 1999
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(Date of Report)
NATIONAL CITY CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-10074 34-1111088
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(State or other jurisdiction (Commission IRS Employer
of incorporation) File Number) Identification No.)
1900 East Ninth Street, Cleveland, Ohio 44114
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(Address of principal executive offices) (Zip Code)
(216) 575-2000
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(Registrant's telephone number, including area code)
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Item 5. Other Events
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Filing of Certain Materials
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Filed herewith is a statement setting forth the computation of certain National
City Corporation financial ratios for the periods presented.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
12.1 Computation of Ratio of Earnings to Fixed Charges
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Signatures
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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.
Dated May 3, 1999 By /s/ Carlton E. Langer
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Carlton E. Langer
Vice President
and Assistant Secretary
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NATIONAL CITY CORPORATION EXHIBIT 12.1
COMPUATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
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<CAPTION>
Years Ended December 31
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(Dollars in Thousands) 1998 1997 1996 1995 1994
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<S> <C> <C> <C> <C> <C>
Income before income taxes $ 1,647,277 $ 1,640,033 $ 1,441,787 $ 1,208,000 $ 1,183,000
Interest on non-deposit interest
bearing liabilities 998,753 738,923 611,741 673,000 420,000
Portion of rental expense deemed
representative of interest 30,397 27,597 25,053 23,563 22,050
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Total income for computation
excluding interest on deposits 2,676,427 2,406,553 2,078,581 1,904,563 1,625,050
Interest on deposits 1,846,276 1,813,251 1,862,084 1,975,000 1,478,700
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Total income for computation
including interest on deposits $ 4,522,703 $ 4,219,804 $ 3,940,665 $ 3,879,563 $ 3,103,750
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Fixed charges excluding interest
on deposits $ 1,029,150 $ 766,520 $ 636,794 $ 696,563 $ 442,050
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Fixed charges including interest
on deposits $ 2,875,426 $ 2,579,771 $ 2,498,878 $ 2,671,563 $ 1,920,750
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Ratio excluding interest on
deposits 2.60x 3.14x 3.26x 2.73x 3.68x
Ratio including interest on
deposits 1.57x 1.64x 1.58x 1.45x 1.62x
COMPONENTS OF FIXED CHARGES:
Interest:
Interest on deposits $ 1,846,276 $ 1,813,251 $ 1,862,084 $ 1,975,000 $ 1,478,700
Interest on non-deposit interest
bearing liabilities 998,753 738,923 611,741 673,000 420,000
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Total interest charges $ 2,845,029 $ 2,552,174 $ 2,473,825 $ 2,648,000 $ 1,898,700
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Rental Expense:
Building rental expense $ 92,112 $ 83,627 $ 75,918 $ 71,403 $ 66,818
Portion of rental expense deemed
representative of interest $ 30,397 $ 27,597 $ 25,053 $ 23,563 $ 22,050
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