EX-12 21 exh12_fixch-aconsent1.htm EXHIBIT

EXHIBIT 12
FLEETBOSTON FINANCIAL CORPORATION
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED DIVIDENDS

EXCLUDING INTEREST ON DEPOSITS
(dollars in millions)

  Year ended December 31,  
  2001   2000   1999   1998   1997  
Earnings:
   Income before income taxes $1,494   $ 6,461   $4,075   $4,444   $4,314  
Adjustments:
   Fixed charges:
      Interest on borrowed funds 2,830   3,985   3,198   2,569   2,026  
      1/3 of rent 108   108   127   119   118  
   Preferred dividends 44
   64
   83
   96
   155
  
Adjusted earnings $4,476
   $10,618
   $7,483
   $7,228
   $6,613
  
Fixed charges and preferred dividends $2,982
   $ 4,157
   $3,408
   $2,784
   $2,299
  
Adjusted earnings/fixed charges 1.50
 x 2.55
 x 2.20
 x 2.60
 x 2.88
 x


INCLUDING INTEREST ON DEPOSITS
(dollars in millions)

  Year ended December 31,  
  2001   2000   1999   1998   1997  
Earnings:
   Income before income taxes $1,494   $ 6,461   $ 4,075   $ 4,444   $ 4,314  
Adjustments:
   Fixed charges:
      Interest on borrowed funds 2,830   3,985   3,198   2,569   2,026  
      1/3 of rent 108   108   127   119   118  
      Interest on deposits 3,566   4,512   4,202   4,379   4,021  
   Preferred dividends 44
   64
   83
   96
   155
  
Adjusted earnings $8,042
   $15,130
   $11,685
   $11,607
   $10,634
  
Fixed charges and preferred dividends $6,548
   $ 8,669
   $ 7,610
   $ 7,163
   $ 6,320
  
Adjusted earnings/fixed charges 1.23
 x 1.75
 x 1.54
 x 1.62
 x 1.68
 x


EXHIBIT 12 (continued)
FLEETBOSTON FINANCIAL CORPORATION
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES

EXCLUDING INTEREST ON DEPOSITS
(dollars in millions)

  Year ended December 31,  
  2001   2000   1999   1998   1997  
Earnings:
   Income before income taxes $1,494   $ 6,461   $4,075   $4,444   $4,314  
Adjustments:
   Fixed charges:
      Interest on borrowed funds 2,830   3,985   3,198   2,569   2,026  
      1/3 of rent 108
   108
   127
   119
   118
  
Adjusted earnings $4,432
   $10,554
   $7,400
   $7,132
   $6,458
  
Fixed charges $2,938
   $ 4,093
   $3,325
   $2,688
   $2,144
  
Adjusted earnings/fixed charges 1.51
 x 2.58
 x 2.23
 x 2.65
 x 3.01
 x


INCLUDING INTEREST ON DEPOSITS
(dollars in millions)

  Year ended December 31,  
  2001   2000   1999   1998   1997  
Earnings:
   Income before income taxes $1,494   $ 6,461   $ 4,075   $ 4,444   $ 4,314  
Adjustments:                    
   Fixed charges:                    
      Interest on borrowed funds 2,830   3,985   3,198   2,569   2,026  
      1/3 of rent 108   108   127   119   118  
      Interest on deposits 3,566
   4,512
   4,202
   4,379
   4,021
  
Adjusted earnings $7,998
   $15,066
   $11,602
   $11,511
   $10,479
  
Fixed charges $6,504
   $ 8,605
   $ 7,527
   $ 7,067
   $ 6,165
  
Adjusted earnings/fixed charges 1.23
 x 1.75
 x 1.54
 x 1.63
 x 1.70
 x