Exhibit 7.4

EXHIBITS	Exhibit 7.4
RATIOS OF EARNINGS UNDER US GAAP TO COMBINED FIXED CHARGES, PREFERENCE SHARE DIVIDENDS AND PAYMENTS TO RESERVE CAPITAL INSTRUMENT HOLDERS

	Year ended 31st December
	2004			2003			2002		2001		2000
	(in £ millions except for ratios)
COMBINED FIXED CHARGES, PREFERENCE SHARE DIVIDENDS AND PAYMENTS TO RESERVE CAPITAL INSTRUMENT HOLDERS
Total Interest excluding interest on trading liabilities and interest on deposits		1,946			1,732			1,896		2,532		1,849
Interest on trading liabilities		7,414			4,933			4,297		5,824		5,024
One third of rental expense		91			85			87		95		74
Preference share dividends and payments to Reserve Capital Instrument holders		96			102			104		104		66
Total fixed charges excluding interest on deposits		9,547			6,852			6,384		8,555		7,013
Interest on deposits and current accounts		4,741			3,944			3,811		4,818		4,778
Total fixed charges including interests on deposits		14,288			10,796			10,195		13,373		11,791
EARNINGS
Income before taxes and minority interests (a)		4,603			3,845			3,205		3,425		3,392
UK/US GAAP adjustments (b)		(234	)		(1,544	)		261		396		(83	)
Payments to Reserve Capital Instrument Holders		137			145			149		138		47
		4,506			2,446			3,615		3,959		3,356
Fixed charges excluding interests on deposits		9,451			6,750			6,280		8,451		6,947
		13,957			9,196			9,895		12,410		10,303
Less
Unremitted pre-tax loss/(income) of associated companies and joint ventures		(44	)		(21	)		11		13		14
Total earnings excluding interest on deposits		13,913			9,175			9,906		12,423		10,317
Interest on deposits and current accounts		4,741			3,944			3,811		4,818		4,778
Total earnings including interest on deposits		18,654			13,119			13,717		17,241		15,095
RATIO OF EARNINGS TO COMBINED FIXED CHARGES, PREFERENCE SHARE DIVIDENDS AND PAYMENTS TO RESERVE CAPITAL INSTRUMENTS HOLDERS
Excluding interest on deposits		1.46			1.34			1.55		1.45		1.47
Including interest on deposits		1.31			1.22			1.35		1.29		1.28

Notes

a)	There was a difference in the income before tax and minority interests in 2004 between Barclays PLC and Barclays Bank PLC of £9m (2003: nil, 2002-2001 £2m, 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 52 of the accounts included herein.