EX-12 3 r2q01ex12.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 Six Months Ended June 30, June 30, 2001 2000 2001 2000 ---- ---- ---- ---- EARNINGS -------- Income Before Income Taxes $ 627 $ 590 $1,257 $1,152 Fixed Charges, Excluding Interest on Deposits 104 132 230 256 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges Excluding Interest on Deposits 731 722 1,487 1,408 Interest on Deposits 373 521 835 992 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $1,104 $1,243 $2,322 $2,400 ====== ====== ====== ====== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 96 $ 123 $ 212 $ 237 One-Third Net Rental Expense* 8 9 18 19 ------ ------ ------ ------ Total Fixed Charges, Excluding Interest on Deposits 104 132 230 256 Interest on Deposits 373 521 835 992 ------ ------ ------ ------ Total Fixed Charges, Including Interest on Deposits $ 477 $ 653 $1,065 $1,248 ====== ====== ====== ====== DISTRIBUTION ON PREFERRED TRUST SECURITIES, PRE-TAX BASIS $ 26 $ 28 $ 54 $ 57 ------------------------------- ====== ====== ====== ====== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 7.03x 5.47x 6.47x 5.50x Including Interest on Deposits 2.31 1.90 2.18 1.92 EARNINGS TO COMBINED FIXED CHARGES, DISTRIBUTION ON PREFERRED TRUST SECURITIES, & PREFERRED STOCK DIVIDENDS RATIOS ------------------------------------------- Excluding Interest on Deposits 5.62 4.51 5.24 4.50 Including Interest on Deposits 2.19 1.83 2.08 1.84 *The proportion deemed representative of the interest factor.