EX-12 3 0003.txt EXHIBIT 12 EXHIBIT 12 THE BANK OF NEW YORK COMPANY, INC. Ratios of Earnings to Fixed Charges and Ratios of Earnings to Combined Fixed Charges, and Distributions on Preferred Trust Securities (Dollars in millions)
Three Months Ended Six Months Ended June 30, June 30, 2000 1999 2000 1999 ---- ---- ---- ---- EARNINGS -------- Income Before Income Taxes $ 590 $ 539 $1,152 $1,067 Fixed Charges, Excluding Interest on Deposits 132 107 256 228 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges Excluding Interest on Deposits 722 646 1,408 1,295 Interest on Deposits 521 324 992 641 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $1,243 $ 970 $2,400 $1,936 ====== ====== ====== ====== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 123 $ 99 $ 237 $ 212 One-Third Net Rental Expense* 9 8 19 16 ------ ------ ------ ------ Total Fixed Charges, Excluding Interest on Deposits 132 107 256 228 Interest on Deposits 521 324 992 641 ------ ------ ------ ------ Total Fixed Charges, Including Interest on Deposits $ 653 $ 431 $1,248 $ 869 ====== ====== ====== ====== DISTRIBUTION ON PREFERRED TRUST SECURITIES, PRE-TAX BASIS $ 28 $ 28 $ 57 $ 56 ------------------------------- ====== ====== ====== ====== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 5.47x 6.04x 5.50x 5.68x Including Interest on Deposits 1.90 2.25 1.92 2.23 EARNINGS TO COMBINED FIXED CHARGES, DISTRIBUTION ON PREFERRED TRUST SECURITIES, & PREFERRED STOCK DIVIDENDS RATIOS ------------------------------------------- Excluding Interest on Deposits 4.51 4.79 4.50 4.56 Including Interest on Deposits 1.83 2.11 1.84 2.09 *The proportion deemed representative of the interest factor.