Wells Fargo Financial 10-Q 2002 Q3 Quarterly report

Exhibit (12)

WELLS FARGO FINANCIAL, INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	Nine Months Ended September 30, 2002		Years Ended December 31,
			(Thousands of Dollars)
			2001		2000		1999		1998		1997
Net income	$	247,726	$	264,817	$	241,054	$	265,361	$	238,604	$	269,450
Add:
Fixed charges:
Interest including amortization of debt expense	478,930		685,014		639,444		520,063		485,784		401,736
One-third of rentals*	10,766		13,410		12,844		13,974		13,406		12,107
Total fixed charges	489,696		698,424		652,288		534,037		499,190		413,843
Provision for income taxes	144,467		158,873		138,834		149,190		121,668		144,082
Total net earnings, fixed charges and income taxes - “Earnings”	$	881,889	$	1,122,114	$	1,032,176	$	948,588	$	859,462	$	827,375
Ratio of earnings to fixed charges	1.80		1.61		1.58		1.78		1.72		2.00

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