EX-12.2 17 may1001_ex1202.txt Exhibit 12.2 J.P. MORGAN CHASE & CO. HISTORICAL PRO FORMA COMBINED RATIOS OF EARNINGS TO FIXED CHARGES 1999 1998 1997 1996 -------- -------- -------- -------- (unaudited) (in millions, except ratios) Excluding Interest on Deposits Income before income taxes $ 11,489 $ 7,347 $ 8,064 $ 6,143 -------- -------- -------- -------- Fixed charges: Interest expense $ 12,077 $ 15,420 $ 14,765 $ 12,001 One-third of rents, net of income from subleases 176 163 137 148 -------- -------- -------- -------- Total fixed charges 12,253 15,583 14,902 12,149 Less: Equity in undistributed income of affiliates (146) (112) (107) (89) -------- -------- -------- -------- Earnings before taxes and fixed charges $ 23,596 $ 22,818 $ 22,859 $ 18,203 ======== ======== ======== ======== Fixed charges, as above $ 12,253 $ 15,583 $ 14,902 $ 12,149 ======== ======== ======== ======== Ratio of earnings to fixed charges 1.93 1.46 1.53 1.50 ======== ======== ======== ======== Including Interest on Deposits Fixed charges, as above $ 12,253 $ 15,583 $ 14,902 $ 12,149 Add: Interest on deposits 8,845 9,663 9,314 8,579 -------- -------- -------- -------- Total fixed charges and interest on deposits $ 21,098 $ 25,246 $ 24,216 $ 20,728 ======== ======== ======== ======== Earnings before taxes and fixed charges, as above $ 23,596 $ 22,818 $ 22,859 $ 18,203 Add: Interest on deposits 8,845 9,663 9,314 8,579 -------- -------- -------- -------- Total earnings before taxes, fixed charges & int. on dep. $ 32,441 $ 32,481 $ 32,173 $ 26,782 ======== ======== ======== ======== Ratio of earnings to fixed charges 1.54 1.29 1.33 1.29 ======== ======== ======== ========