Wells Fargo Financial 10-Q 2000 Q2 Quarterly report

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Exhibit (12)

WELLS FARGO FINANCIAL, INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

		Six Months Ended June 30, 2000		Years Ended December 31,
				(Thousands of Dollars)
				1999		1998		1997		1996		1995
Net income		$	111,267	$	265,361	$	238,604	$	269,450	$	276,331	$	267,941
Add:
	Fixed charges:
	Interest including amortization of debt expense		295,799		520,063		485,784		401,736		372,859		359,079
	One-third of rentals*		6,253		13,974		13,406		12,107		10,748		10,317
	Total fixed charges		302,052		534,037		499,190		413,843		383,607		369,396
	Provision for income taxes		65,162		149,190		121,668		144,082		148,096		147,873
Total net earnings, fixed charges and income taxes — "Earnings"		$	478,481	$	948,588	$	859,462	$	827,375	$	808,034	$	785,210
Ratio of earnings to fixed charges			1.58		1.78		1.72		2.00		2.11		2.13

*

One-third of rentals is deemed representative of the interest factor.

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WELLS FARGO FINANCIAL, INC. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES