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

EXCLUDING INTEREST ON DEPOSITS
(dollars in millions)

			Nine			Three
			months			months
			ended			ended
			Sept. 30,			Sept. 30,			Year ended December 31,
			2001			2001			2000			1999			1998			1997			1996
Earnings:
	Income before income taxes		$	2,364		$	1,235		$	6,461		$	4,075		$	4,444		$	4,314		$	3,619
Adjustments:
	Fixed charges:
		Interest on borrowed funds		2,293			638			3,985			3,198			2,569			2,026			1,881
		1/3 of rent		82			27			108			127			119			118			114
	Preferred dividends			37			9			64			83			96			155			185
Adjusted earnings			$	4,776		$	1,909		$	10,618		$	7,483		$	7,228		$	6,613		$	5,799
Fixed charges and preferred dividends			$	2,412		$	674		$	4,157		$	3,408		$	2,784		$	2,299		$	2,180
Adjusted earnings/fixed charges				1.98	x		2.83	x		2.55	x		2.20	x		2.60	x		2.88	x		2.66x

INCLUDING INTEREST ON DEPOSITS
(dollars in millions)

			Nine			Three
			months			months
			ended			ended
			Sept. 30,			Sept. 30,			Year ended December 31,
			2001			2001			2000			1999			1998			1997			1996
Earnings:
	Income before income taxes		$	2,364		$	1,235		$	6,461		$	4,075		$	4,444		$	4,314		$	3,619
Adjustments:
	Fixed charges:
		Interest on borrowed funds		2,293			638			3,985			3,198			2,569			2,026			1,881
		1/3 of rent		82			27			108			127			119			118			114
		Interest on deposits		2,874			864			4,512			4,202			4,379			4,021			4,092
	Preferred dividends			37			9			64			83			96			155			185
Adjusted earnings			$	7,650		$	2,773		$	15,130		$	11,685		$	11,607		$	10,634		$	9,891
Fixed charges and preferred dividends			$	5,286		$	1,538		$	8,669		$	7,610		$	7,163		$	6,320		$	6,272
Adjusted earnings/fixed charges				1.45	x		1.80	x		1.75	x		1.54	x		1.62	x		1.68	x		1.58x

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

EXCLUDING INTEREST ON DEPOSITS
(dollars in millions)

			Nine			Three
			months			months
			ended			ended
			Sept. 30,			Sept. 30,			Year ended December 31,
			2001			2001			2000			1999			1998			1997			1996
Earnings:
	Income before income taxes		$	2,364		$	1,235		$	6,461		$	4,075		$	4,444		$	4,314		$	3,619
Adjustments:
	Fixed charges:
		Interest on borrowed funds		2,293			638			3,985			3,198			2,569			2,026			1,881
		1/3 of rent		82			27			108			127			119			118			114
Adjusted earnings			$	4,739		$	1,900		$	10,554		$	7,400		$	7,132		$	6,458		$	5,614
Fixed charges			$	2,375		$	665		$	4,093		$	3,325		$	2,688		$	2,144		$	1,995
Adjusted earnings/fixed charges				2.00	x		2.86	x		2.58	x		2.23	x		2.65	x		3.01	x		2.81x

INCLUDING INTEREST ON DEPOSITS
(dollars in millions)

			Nine			Three
			months			months
			ended			ended
			Sept. 30,			Sept. 30,			Year ended December 31,
			2001			2001			2000			1999			1998			1997			1996
Earnings:
	Income before income taxes		$	2,364		$	1,235		$	6,461		$	4,075		$	4,444		$	4,314		$	3,619
Adjustments:
	Fixed charges:
		Interest on borrowed funds		2,293			638			3,985			3,198			2,569			2,026			1,881
		1/3 of rent		82			27			108			127			119			118			114
		Interest on deposits		2,874			864			4,512			4,202			4,379			4,021			4,092
Adjusted earnings			$	7,613		$	2,764		$	15,066		$	11,602		$	11,511		$	10,479		$	9,706
Fixed charges			$	5,249		$	1,529		$	8,605		$	7,527		$	7,067		$	6,165		$	6,087
Adjusted earnings/fixed charges				1.45	x		1.81	x		1.75	x		1.54	x		1.63	x		1.70	x		1.59	x