EX-12 2 ex121q01.txt EX-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 March 31, 2001 2000 ---- ---- EARNINGS -------- Income Before Income Taxes $ 630 $ 562 Fixed Charges, Excluding Interest on Deposits 125 123 ------ ------ Income Before Income Taxes and Fixed Charges Excluding Interest on Deposits 755 685 Interest on Deposits 463 472 ------ ------ Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $1,218 $1,157 ====== ====== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 115 $ 114 One-Third Net Rental Expense* 10 9 ------ ------ Total Fixed Charges, Excluding Interest on Deposits 125 123 Interest on Deposits 463 472 ------ ------ Total Fixed Charges, Including Interest on Deposits $ 588 $ 595 ====== ====== DISTRIBUTION ON PREFERRED TRUST SECURITIES, PRE-TAX BASIS $ 28 $ 28 ------------------------------- ====== ====== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 6.04x 5.57x Including Interest on Deposits 2.07 1.94 EARNINGS TO COMBINED FIXED CHARGES AND DISTRIBUTION ON PREFERRED TRUST SECURITIES ------------------------------------------- Excluding Interest on Deposits 4.93 4.54 Including Interest on Deposits 1.98 1.86 *The proportion deemed representative of the interest factor.