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Exhibit (12)
NORWEST FINANCIAL, INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
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Nine Months Ended September 30, 1999 |
Years Ended December 31, |
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1998 |
1997 |
1996 |
1995 |
1994 |
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(Thousands of Dollars) |
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| Net income | $ | 201,054 | $ | 238,604 | $ | 269,450 | $ | 276,331 | $ | 267,941 | $ | 223,340 | ||||||
| Add: | ||||||||||||||||||
| Fixed charges: | ||||||||||||||||||
| Interest including amortization of debt expense | 381,620 | 485,784 | 401,736 | 372,859 | 359,079 | 259,605 | ||||||||||||
| One-third of rentals* | 10,163 | 13,406 | 12,107 | 10,748 | 10,317 | 9,747 | ||||||||||||
| Total fixed charges | 391,783 | 499,190 | 413,843 | 383,607 | 369,396 | 269,352 | ||||||||||||
| Provision for income taxes | 112,329 | 121,668 | 144,082 | 148,096 | 147,873 | 116,900 | ||||||||||||
| Total net earnings, fixed charges and income taxes—"Earnings" | $ | 705,166 | $ | 859,462 | $ | 827,375 | $ | 808,034 | $ | 785,210 | $ | 609,592 | ||||||
| Ratio of earnings to fixed charges | 1.80 | 1.72 | 2.00 | 2.11 | 2.13 | 2.26 | ||||||||||||
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