EX-12 3 r3q01ex12.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 Nine Months Ended September 30, September 30, 2001 2000 2001 2000 ---- ---- ---- ---- EARNINGS -------- Income Before Income Taxes $ 380 $ 604 $1,637 $1,756 Fixed Charges, Excluding Interest on Deposits 187 137 417 392 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges Excluding Interest on Deposits 567 741 2,054 2,148 Interest on Deposits 351 501 1,185 1,494 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $ 918 $1,242 $3,239 $3,642 ====== ====== ====== ====== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 160 $ 127 $ 372 $ 364 One-Third Net Rental Expense* 27 10 45 28 ------ ------ ------ ------ Total Fixed Charges, Excluding Interest on Deposits 187 137 417 392 Interest on Deposits 351 501 1,185 1,494 ------ ------ ------ ------ Total Fixed Charges, Including Interest on Deposits $ 538 $ 638 $1,602 $1,886 ====== ====== ====== ====== DISTRIBUTION ON PREFERRED TRUST SECURITIES, PRE-TAX BASIS ------------------------------- $ 24 $ 28 $ 79 $ 85 ====== ====== ====== ====== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 3.03x 5.41x 4.93x 5.48x Including Interest on Deposits 1.71 1.95 2.02 1.93 EARNINGS TO COMBINED FIXED CHARGES, DISTRIBUTION ON PREFERRED TRUST SECURITIES, & PREFERRED STOCK DIVIDENDS RATIOS ------------------------------------------- Excluding Interest on Deposits 2.69 4.49 4.14 4.50 Including Interest on Deposits 1.63 1.86 1.93 1.85 *The proportion deemed representative of the interest factor.