EX-12 3 r3q02ex12.txt EX-12 EXHIBIT 12 THE BANK OF NEW YORK COMPANY, INC. Ratios of Earnings to Fixed Charges (Dollars in millions)
Three Months Ended Nine Months Ended September 30, September 30, 2002 2001 2002 2001 ---- ---- ---- ---- EARNINGS -------- Income Before Income Taxes $ 123 $ 356 $1,216 $1,558 Fixed Charges, Excluding Interest on Deposits 82 211 283 496 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges Excluding Interest on Deposits 205 567 1,499 2,054 Interest on Deposits 165 351 484 1,185 ------ ------ ------ ------ Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $ 370 $ 918 $1,983 $3,239 ====== ====== ====== ====== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 66 $ 184 $ 249 $ 451 One-Third Net Rental Expense* 16 27 34 45 ------ ------ ------ ------ Total Fixed Charges, Excluding Interest on Deposits 82 211 283 496 Interest on Deposits 165 351 484 1,185 ------ ------ ------ ------ Total Fixed Charges, Including Interest on Deposits $ 247 $ 562 $ 767 $1,681 ====== ====== ====== ====== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 2.50x 2.69x 5.30x 4.14x Including Interest on Deposits 1.50 1.63 2.59 1.93 *The proportion deemed representative of the interest factor.