Exhibit 7.2

EXHIBITS	Exhibit 7.2
RATIOS OF EARNINGS UNDER US GAAP TO FIXED CHARGES

	Year ended 31st December
	2003		2002		2001		2000			1999
	(in £ millions except for ratios)
Fixed Charges
Total Interest excluding interest on trading liabilities and interest on deposits		1,732		1,896		2,532		1,849			1,419
Interests on trading liabilities		4,933		4,297		5,824		5,024			3,686
One third of rental expense		85		87		95		74			102
Total fixed charges excluding interest on deposits		6,750		6,280		8,451		6,947			5,207
Interests on deposits and current accounts		3,944		3,811		4,818		4,778			3,271
Total fixed charges including interests on deposits		10,694		10,091		13,269		11,725			8,478
EARNINGS
Income before taxes and minority interests (a)		3,845		3,205		3,425		3,392			2,478
UK/US GAAP adjustments (b)		-1,544		261		396		(83	)		-307
Payments to Reserve Capital Instrument holders		145		149		138		47			0
		2,446		3,615		3,959		3,356			2,171
Fixed charges excluding interests on deposits		6,750		6,280		8,451		6,947			5,207
		9,196		9,895		12,410		10,303			7,378
Less
Unremitted pre-tax loss/(income) of associated companies and joint ventures		-21		11		13		14			21
Total earnings excluding interest on deposits		9,175		9,906		12,423		10,317			7,399
Interest on deposits and current accounts		3,944		3,811		4,818		4,778			3,271
Total earnings including interest on deposits		13,119		13,717		17,241		15,095			10,670
RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits		1.36		1.58		1.47		1.49			1.42
Including interest on deposits		1.23		1.36		1.30		1.29			1.26

(a)	There was no difference in the income before tax and minority interests in 2003 between Barclays PLC and Barclays Bank PLC (2002 – 2001 £2m, 1999 – 2000: nil). There is no impact on the above ratios as a result of this difference
(b)	For a discussion of significant differences between UK GAAP and US GAAP and a reconciliation of net income between amounts calculated under UK GAAP and those estimated under US GAAP, see note 61 of the accounts included herein.