EX-12 3 r2q05ex12.txt EX 12 EXHIBIT 12
THE BANK OF NEW YORK COMPANY, INC. Ratios of Earnings to Fixed Charges (Dollars in millions) Three Months Ended Six Months Ended June 30, June 30, ------------------ ---------------- 2005 2004 2005 2004 -------- -------- ------- -------- EARNINGS -------- Income Before Income Taxes $ 598 $ 555 $ 1,164 $ 1,018 Fixed Charges, Excluding Interest on Deposits 142 70 254 138 -------- -------- ------- -------- Income Before Income Taxes and Fixed Charges, Excluding Interest on Deposits 740 625 1,418 1,156 Interest on Deposits 220 126 404 244 -------- -------- ------- -------- Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $ 960 $ 751 $ 1,822 $ 1,400 ======== ======== ======== ======== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 124 $ 54 $ 218 $ 107 One-Third Net Rental Expense* 18 16 36 31 -------- -------- ------- -------- Total Fixed Charges, Excluding Interest on Deposits 142 70 254 138 Interest on Deposits 220 126 404 244 -------- -------- ------- -------- Total Fixed Charges, Including Interest on Deposits $ 362 $ 196 $ 658 $ 382 ======== ======== ======== ======== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 5.21x 8.93x 5.58x 8.38x Including Interest on Deposits 2.65 3.83 2.77 3.66 *The proportion deemed representative of the interest factor.