EX-12 7 0007.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, Distribution on Preferred Trust Securities, and Preferred Stock Dividends (Dollars in millions)
For The Years Ended December 31 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- EARNINGS -------- Income Before Income Taxes $2,364 $2,952 $1,986 $1,838 $1,656 Fixed Charges, Excluding Interest on Deposits 534 442 519 446 502 ------ ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges Excluding Interest on Deposits 2,898 3,394 2,505 2,284 2,158 Interest on Deposits 2,011 1,363 1,374 1,290 1,152 ------ ------ ------- ------ ------ Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $4,909 $4,757 $3,879 $3,574 $3,310 ====== ====== ======= ====== ====== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 496 $ 409 $ 485 $ 415 $ 470 One-Third Net Rental Expense* 38 33 34 31 32 ------ ------ ------ ------ ------ Total Fixed Charges, Excluding Interest on Deposits 534 442 519 446 502 Interest on Deposits 2,011 1,363 1,374 1,290 1,152 ------ ------ ------ ------ ------ Total Fixed Charges, Including Interest on Deposits $2,545 $1,805 $1,893 $1,736 $1,654 ====== ====== ====== ====== ====== DISTRIBUTION ON PREFERRED TRUST SECURITIES, PRE-TAX BASIS $ 113 $ 112 $ 95 $ 65 $ 2 ------------------------------- ====== ====== ====== ====== ====== PREFERRED STOCK DIVIDENDS, PRE-TAX BASIS $ - $ - $ - $ 14 $ 16 ---------------------------------------- ====== ====== ====== ====== ====== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 5.43x 7.68x 4.83x 5.12x 4.30x Including Interest on Deposits 1.93 2.64 2.05 2.06 2.00 EARNINGS TO COMBINED FIXED CHARGES, DISTRIBUTION ON PREFERRED TRUST SECURITIES, & PREFERRED STOCK DIVIDENDS RATIOS ------------------------------------------- Excluding Interest on Deposits 4.48 6.13 4.08 4.35 4.15 Including Interest on Deposits 1.85 2.48 1.95 1.97 1.98 *The proportion deemed representative of the interest factor.