EX-12 13 0013.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 Nine Months Ended September 30, September 30, 2000 1999 2000 1999 ---- ---- ---- ---- EARNINGS -------- Income Before Income Taxes $ 604 $1,343 $1,756 $2,410 Fixed Charges, Excluding Interest on Deposits 137 105 392 333 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges Excluding Interest on Deposits 741 1,448 2,148 2,743 Interest on Deposits 501 320 1,494 961 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $1,242 $1,768 $3,642 $3,704 ====== ====== ====== ====== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 127 $ 97 $ 364 $ 309 One-Third Net Rental Expense* 10 8 28 24 ------ ------ ------ ------ Total Fixed Charges, Excluding Interest on Deposits 137 105 392 333 Interest on Deposits 501 320 1,494 961 ------ ------ ------ ------ Total Fixed Charges, Including Interest on Deposits $ 638 $ 425 $1,886 $1,294 ====== ====== ====== ====== DISTRIBUTION ON PREFERRED TRUST SECURITIES, PRE-TAX BASIS $ 28 $ 28 $ 85 $ 84 ------------------------------- ====== ====== ====== ====== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 5.41x 13.79x 5.48x 8.24x Including Interest on Deposits 1.95 4.16 1.93 2.86 EARNINGS TO COMBINED FIXED CHARGES, DISTRIBUTION ON PREFERRED TRUST SECURITIES, & PREFERRED STOCK DIVIDENDS RATIOS ------------------------------------------- Excluding Interest on Deposits 4.49 10.89 4.50 6.58 Including Interest on Deposits 1.86 3.90 1.85 2.69 *The proportion deemed representative of the interest factor.