<PAGE> 1
Exhibit 12
Dime Bancorp, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
<TABLE>
<CAPTION>
For the Nine Months
Ended For the Year Ended
September 30, December 31,
------------------------ ------------------------------------------------------------------
2000 1999 1999 1998 1997 1996 1995
--------- ------------ ----------- ----------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Excluding Interest on Deposits
Earnings:
Income before income
taxes and extraordinary
items $ 83,177 $ 287,983 $ 386,452 $ 354,622 $ 198,208 $ 154,240 $ 109,912
Fixed charges:
Interest expense on
borrowed funds 389,502 254,643 358,607 347,825 340,394 358,187 423,058
Portion of rent expense
deemed representative
of the interest
factor(1) 12,651 11,305 15,579 13,078 7,903 5,906 6,662
---------- ---------- ---------- ----------- ---------- ---------- ----------
Total fixed charges 402,153 265,948 374,186 360,903 348,297 364,093 429,715
---------- ---------- ---------- ----------- ---------- ---------- ----------
Total earnings $ 485,330 $ 553,931 $ 760,638 $ 715,525 $ 546,505 $ 518,333 $ 539,627
========== ========== ========== =========== ========== ========== ==========
Ratio of earnings to fixed
charges 1.21x 2.08x 2.03x 1.98x 1.57x 1.42x 1.26x
Including Interest on Deposits
Earnings:
Income before income
taxes and extraordinary
items $ 83,177 $ 287,983 $ 386,452 $ 354,622 $ 198,208 $ 154,240 $ 109,912
Fixed charges:
Interest expense on
borrowed funds 389,502 254,643 358,607 347,825 340,394 358,187 423,053
Interest expense on
deposits 400,491 354,111 482,006 545,827 559,359 531,216 524,452
Portion of rent expense
deemed representative
of the interest
factor(1) 12,651 11,305 15,579 13,078 7,903 5,906 6,662
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total fixed charges 802,644 620,059 856,192 906,730 907,656 895,309 954,157
---------- ---------- ---------- ---------- ---------- ---------- ----------
Total earnings $ 885,821 $ 908,042 $1,242,644 $1,261,352 $1,105,864 $1,049,549 $1,064,079
========== ========== ========== ========== ========== ========== ==========
Ratio of earnings to fixed
charges 1.10x 1.46x 1.45x 1.39x 1.22x 1.17x 1.12x
</TABLE>
-----------------
(1) Represents one-third of total rent expense.
<PAGE> 2
Exhibit 12
Dime Bancorp, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
(Dollars in thousands)
<TABLE>
<CAPTION>
For the Nine Months
Ended For the Year Ended
September 30, December 31,
-------------------- ----------- ----------------------------------------------
2000 1999 1999 1998 1997 1996 1995
-------------------- ----------- ----------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Excluding Interest on Deposits
Earnings:
Income before income taxes and
extraordinary items $ 83,177 $ 287,983 $ 386,452 $ 354,622 $ 198,208 $ 154,240 $ 109,912
Fixed charges and preferred stock dividends:
Fixed charges:
Interest expense on borrowed funds 389,502 254,643 358,607 347,825 340,394 358,187 423,053
Portion of rent expense deemed representative
of the interest factor(1) 12,651 11,305 15,579 13,078 7,903 5,906 6,662
----------- ---------- ----------- ----------- ---------- ---------- ----------
Total fixed charges 402,153 265,948 374,186 360,903 348,297 364,093 429,715
Preferred stock dividends 1,474 -- -- -- -- -- --
----------- ---------- ----------- ----------- ---------- ---------- ----------
Total fixed charges and preferred
stock dividends 403,627 265,948 374,186 360,903 348,297 364,093 429,715
----------- ---------- ----------- ----------- ---------- ---------- ----------
Total earnings $ 486,804 $ 553,931 $ 760,638 $ 715,525 $ 546,505 $ 518,333 $ 539,627
=========== ========== =========== ========== ========= ========== ==========
Ratio of earnings to fixed charges and preferred
stock dividends 1.21x 2.08x 2.03x 1.98x 1.57x 1.42x 1.26x
Including Interest on Deposits
Earnings:
Income before income taxes and
extraordinary items $ 83,177 $ 287,983 $ 386,452 $ 354,622 $ 198,208 $ 154,240 $ 109,912
Fixed charges and preferred stock dividends:
Fixed charges:
Interest expense on borrowed funds 389,502 254,643 358,607 347,825 340,394 358,187 423,053
Interest expense on deposits 400,491 354,111 482,006 545,827 559,359 531,216 524,452
Portion of rent expense deemed representative
of the interest factor(1) 12,651 11,305 15,579 13,078 7,903 5,906 6,662
----------- ---------- ----------- ----------- ---------- ---------- ----------
Total fixed charges 802,644 620,059 856,192 906,730 907,656 895,309 954,167
Preferred stock dividends 1,474 -- -- -- -- -- --
----------- ---------- ----------- ----------- ---------- ---------- ----------
Total fixed charges and preferred
stock dividends 804,118 620,059 856,192 906,730 907,656 895,309 954,167
----------- ---------- ----------- ----------- ---------- ---------- ----------
Total earnings $ 887,295 $ 908,042 $1,242,644 $1,261,352 $1,105,864 $1,049,549 $1,064,073
=========== ========== =========== =========== ========== ========== =========
Ratio of earnings to fixed charges and preferred
stock dividends 1.10x 1.46x 1.45x 1.39x 1.22x 1.17x 1.12x
</TABLE>
___________________
(1) Represents one-third of total rent expense.
