<PAGE> 1
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) October 3, 1995
---------------
Wachovia Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)
North Carolina 1-9021 56-1473727
- ---------------------------- ------------- ---------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
301 North Main Street, Winston-Salem, North Carolina 27150
191 Peachtree Street, N.E., Atlanta, Georgia 30303
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 919-770-5000, 404-332-5000
-----------------------------
This document consists of 6 pages.
The Exhibit Index is at page 4.
-1-
<PAGE> 2
Item 5. Other Events
Wachovia Corporation (the "Corporation") is filing this Current Report
on Form 8-K so as to file with the Securities and Exchange Commission certain
items that are to be incorporated by reference into its Registration Statement
on Form S-3 (Registration No. 33-55839).
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
12 Statement setting forth computation of Ratios of
Earnings to Fixed Charges
-2-
<PAGE> 3
SIGNATURE
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 thereunto duly authorized.
WACHOVIA CORPORATION
(Registrant)
Date: October 4, 1995 By: /s/ KENNETH W. McALLISTER
--------------------------
Kenneth W. McAllister
Executive Vice President
-3-
<PAGE> 4
EXHIBIT INDEX
Exhibit Number and Description Page
- ------------------------------ ----
12 Statement setting forth computation of ratios of 5
Earnings to Fixed Charges
-4-
<PAGE> 1
EXHIBIT 12
WACHOVIA CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Six Months Year Ended December 31,
Ended -----------------------
June 30, 1995 1994
------------- -----------
(A) Excluding interest on
deposits:
Earnings:
Income before income taxes....... $ 442,285 $ 761,482
Less capitalized interest........ (827) (362)
Fixed charges.................... 372,148 512,717
---------- ----------
Earnings as adjusted...... $ 813,606 $1,273,837
Fixed charges:
Interest on purchased and
other short term borrowed
funds.......................... $ 227,875 $ 272,572
Interest on long-term debt....... 137,849 226,584
Portion of rents
representative of the
interest factor (1/3) of
rental expenses................ 6,424 13,561
---------- ----------
Fixed charges............. $ 372,148 $ 512,717
Ratio of earnings to fixed
charges.......................... 2.19x 2.48x
(B) Including interest on
deposits:
Adjusted earnings from (A)
above............................ $ 813,606 $1,273,837
Add interest on deposits.......... 369,842 539,232
---------- ----------
Earnings as adjusted.............. $ 1,183,448 $1,813,069
Fixed charges:
Fixed charges from (A) above..... $ 372,148 512,717
Interest on deposits............. 369,842 539,232
---------- ----------
Adjusted fixed charges............. $ 741,990 $1,051,949
Adjusted earnings to adjusted
fixed charges.................... 1.59x 1.72x
-5-