EX-12.B 4 ex12-b.txt COMPUTATION 1 EXHIBIT 12(b) THE CHASE MANHATTAN CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS (IN MILLIONS, EXCEPT RATIOS)
Six Months Ended June 30, 2000 ----------------- EXCLUDING INTEREST ON DEPOSITS Income before income taxes $ 3,770 ---------- Fixed charges: Interest expense 3,096 One-third of rents, net of income from subleases (a) 78 ---------- Total fixed charges 3,174 ---------- Less: Equity in undistributed income of affiliates (36) ----------- Earnings before taxes and fixed charges, excluding capitalized interest $ 6,908 ========== Fixed charges, as above $ 3,174 Preferred stock dividends 33 ---------- Fixed charges including preferred stock dividends $ 3,207 ========== Ratio of earnings to fixed charges and preferred stock dividend requirements 2.15 ========== INCLUDING INTEREST ON DEPOSITS Fixed charges including preferred stock dividends, as above $ 3,207 Add: Interest on deposits 4,051 ---------- Total fixed charges including preferred stock dividends and interest on deposits $ 7,258 ========== Earnings before taxes and fixed charges, excluding capitalized interest, as above $ 6,908 Add: Interest on deposits 4,051 ---------- Total earnings before taxes, fixed charges and interest on deposits $ 10,959 ========== Ratio of earnings to fixed charges and preferred stock dividend requirements 1.51 ========== ------------------------------------------------------------------------------------------------------------------------------
(a) The proportion deemed representative of the interest factor. -52-