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EXHIBIT 12
STATEMENT OF COMPUTATION OF RATIOS
Earnings To Fixed Charges
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<CAPTION>
March 31,
2000 1999 1998 1997 1996 1995
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<S> <C> <C> <C> <C> <C> <C>
Earnings:
Income before income taxes $ 175,362 $ 658,716 $ 547,809 $ 477,851 $ 387,510 $ 304,044
Plus:
Fixed Charges 462,870 1,553,080 1,398,114 1,199,730 948,497 800,986
Less:
Capitalized interest (234) (1,371) (919) (1,732) (785) (2,056)
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Earnings, including interest on 637,998 2,210,425 1,945,004 1,675,849 1,335,222 1,102,974
deposits
Less:
Interest on deposits (295,746) (962,504) (897,903) (745,122) (644,613) (564,064)
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Earnings, excluding interest on
deposits $ 342,252 $ 1,247,921 $ 1,047,101 $ 930,727 $ 690,609 $ 538,910
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Fixed Charges:
Interest Expense $ 459,347 $ 1,539,538 $ 1,386,256 $ 1,186,079 $ 938,194 $ 791,423
Capitalized interest 234 1,371 919 1,732 785 2,056
Amortization of debt expense 124 461 681 602 132 190
Interest portion of rent expense 3,165 11,710 10,258 11,317 9,386 7,317
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Total Fixed Charges $ 462,870 $ 1,553,080 $ 1,398,114 $ 1,199,730 $ 948,497 $ 800,986
Less:
Interest on deposits (295,746) (962,504) (897,903) (745,122) (644,613) (564,064)
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Total Fixed Charges excluding
interest on deposits $ 167,124 $ 590,576 $ 500,211 $ 454,608 $ 303,884 $ 236,922
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Earnings to Fixed Charges:
Including interest on deposits 1.38 1.42 1.39 1.40 1.41 1.38
Excluding interest on deposits 2.05 2.11 2.09 2.05 2.27 2.27
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