<PAGE>
EXHIBIT 12(a)
BANKERS TRUST CORPORATION AND SUBSIDIARIES
COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in millions)
<TABLE>
<CAPTION>
Six Months
Year Ended December 31, Ended
-------------------------------------------------------------------- June 30,
1995 1996 1997 1998 1999 2000
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<S> <C> <C> <C> <C> <C> <C>
Earnings:
1. Income (loss) before
income taxes $469 $1,131 $1,239 $(77) $(1,415) $127
2. Add: Fixed charges
excluding
capitalized
interest
(Line 10) 5,138 5,483 5,959 6,954 3,654 1,468
3. Less: Equity in undistri-
buted income of
unconsolidated
subsidiaries and
affiliates 28 30 (117) 15 75 29
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4. Earnings including
interest on deposits 5,579 6,584 7,315 6,862 2,164 1,566
5. Less: Interest on
deposits 1,360 1,355 2,076 2,195 1,424 551
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6. Earnings excluding
interest on deposits $4,219 $5,229 $5,239 $4,667 $740 $1,015
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Fixed Charges:
7. Interest Expense $5,105 $5,451 $5,926 $6,919 $3,612 $1,449
8. Estimated interest
component of net
rental expense 33 32 33 35 42 19
9. Amortization of debt
issuance expense -- -- -- -- -- --
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10. Total fixed charges
including interest on
deposits and excluding
capitalized interest 5,138 5,483 5,959 6,954 3,654 1,468
11. Add: Capitalized
interest -- -- -- -- -- --
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12. Total fixed charges 5,138 5,483 5,959 6,954 3,654 1,468
13. Less: Interest on
deposits
(Line 5) 1,360 1,355 2,076 2,195 1,424 551
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14. Fixed charges excluding
interest on deposits $3,778 $4,128 $3,883 $4,759 $2,230 $917
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Consolidated Ratios of Earnings
to Fixed Charges:
Including interest on
deposits
(Line 4/Line 12) 1.09 1.20 1.23 .99 N/A 1.07
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Excluding interest on
deposits
(Line 6/Line 14) 1.12 1.27 1.35 .98 N/A 1.11
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<FN>
For the years ended December 31, 1999 and 1998, earnings, as defined, did not
cover fixed charges, including and excluding interest on deposits by $1,490
million and $92 million, respectively, as a result of a net loss recorded during
the period.
N/A - Not Applicable.
</FN>
</TABLE>
