EXHIBIT 12

STATEMENT SETTING FORTH COMPUTATION OF RATIO OF PROFIT TO FIXED         CHARGES

YEARS ENDED DECEMBER 31, (Millions of dollars)(Unaudited)

	2001	2000	1999
Net profit	$212	$159	$128
Add:
Provision for income taxes	119	84	75
Deduct:
Equity in profit of partnerships	(6)	(3)	(2)
Profit before taxes	$325	$240	$201
Fixed charges:
Interest on borrowed funds	$688	$744	$592
Rentals at computed interest*	5	5	5
Total fixed charges	$693	$749	$597
Profit before taxes plus fixed charges	$1,018	$989	$798
Ratio of profit before taxes plus fixed charges to fixed charges	1.47	1.32	1.34

*Those portions of rent expense that are representative of interest cost.