EX-12.B 4 ex12b_0330.txt Exhibit 12 (b) BNP U.S. FUNDING L.L.C. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED SECURITIES DIVIDENDS (in thousands, except ratios) For the Year Ended December 31, 2004 ----------------- Net income $23,365 ====== Fixed charges: Audit fees 51 Trustee fees 119 Administrative and consulting fees 1,157 ----- Total fixed charges 1,327 ----- Earnings before fixed charges $24,692 Fixed charges, as above 1,327 ----- Preferred securities dividend 38,690 ------ Fixed charges including preferred securities dividends $ 40,017 ------- Ratio of earnings to fixed charges and preferred securities dividend .62 ---