EX-12 2 r3q05ex12.txt EXHIBIT 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, ------------------ ------------------ 2005 2004 2005 2004 -------- -------- -------- -------- EARNINGS -------- Income Before Income Taxes $ 595 $ 528 $ 1,759 $ 1,545 Fixed Charges, Excluding Interest on Deposits 147 79 385 218 -------- -------- -------- -------- Income Before Income Taxes and Fixed Charges, Excluding Interest on Deposits 742 607 2,144 1,763 Interest on Deposits 248 139 652 384 -------- -------- -------- -------- Income Before Income Taxes and Fixed Charges, Including Interest on Deposits $ 990 $ 746 $ 2,796 $ 2,147 ======== ======== ======== ======== FIXED CHARGES ------------- Interest Expense, Excluding Interest on Deposits $ 130 $ 62 $ 331 $ 170 One-Third Net Rental Expense* 17 17 54 48 -------- -------- -------- -------- Total Fixed Charges, Excluding Interest on Deposits 147 79 385 218 Interest on Deposits 248 139 652 384 -------- -------- -------- -------- Total Fixed Charges, Including Interest on Deposits $ 395 $ 218 $ 1,037 $ 602 ======== ======== ======== ======== EARNINGS TO FIXED CHARGES RATIOS -------------------------------- Excluding Interest on Deposits 5.05x 7.68x 5.57x 8.09x Including Interest on Deposits 2.51 3.42 2.70 3.57 *The proportion deemed representative of the interest factor.