EXHIBIT 12.0

STATEMENT RE: RATIO OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,
(dollars in thousands)	2003			2002			2001
Including Interest on Deposits:
Earnings before income taxes	$	492,682		$	336,014		$	175,246
Combined fixed charges:
Interest expense on deposits		64,231			95,857			141,803
Interest expense on borrowings		179,954			130,394			75,685
Appropriate portion (1/3) of rent expenses		2,975			2,522			2,124
Total fixed charges	$	274,160		$	228,773		$	219,612
Earnings before income taxes and fixed charges	$	739,842		$	564,787		$	394,858
Ratio of earnings to fixed charges		2.99	x		2.47	x		1.80	x
Excluding Interest on Deposits:
Earnings before income taxes	$	492,682		$	336,014		$	175,246
Combined fixed charges:
Interest expense on borrowings		179,954			130,394			75,685
Appropriate portion (1/3) of rent expenses		2,975			2,522			2,124
Total fixed charges	$	182,929		$	132,916		$	77,809
Earnings before income taxes and fixed charges	$	675,611		$	468,930		$	253,055
Ratio of earnings to fixed charges		3.69	x		3.53	x		3.25	x