EX-12 3 r1q02ex12.txt EX-12 EXHIBIT 12 THE BANK OF NEW YORK COMPANY, INC. Ratios of Earnings to Fixed Charges (Dollars in millions)
Three Months Ended March 31, 2002 2001 ---- ---- EARNINGS -------- Income Before Income Taxes $ 546 $ 602 Fixed Charges, Excluding Interest on Deposits 98 153 ----- ------ Income Before Income Taxes and Fixed Charges Excluding Interest on Deposits 644 755 Interest on Deposits 161 463 ----- ------ Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $ 805 $1,218 ===== ====== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 89 $ 143 One-Third Net Rental Expense* 9 10 ----- ----- Total Fixed Charges, Excluding Interest on Deposits 98 153 Interest on Deposits 161 463 ----- ----- Total Fixed Charges, Including Interest on Deposits $ 259 $ 616 ===== ===== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 6.57x 4.93x Including Interest on Deposits 3.11 1.98 *The proportion deemed representative of the interest factor.