EXHIBIT 99.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| Six Months Ended |
| ||||||||||||
|
| 2006 |
| 2005 |
| 2006 |
| 2005 |
| ||||||||
|
| (dollars in millions) |
| ||||||||||||||
Earnings, including interest on deposits(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Income from continuing operations before income taxes |
|
| $ | 1,148 |
|
|
| $ | 1,317 |
|
| $ | 2,682 |
| $ | 2,741 |
|
Fixed charges |
|
| 2,922 |
|
|
| 1,821 |
|
| 5,509 |
| 3,335 |
| ||||
|
|
| $ | 4,070 |
|
|
| $ | 3,138 |
|
| $ | 8,191 |
| $ | 6,076 |
|
Fixed charges(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Interest expense |
|
| $ | 2,875 |
|
|
| $ | 1,780 |
|
| $ | 5,416 |
| $ | 3,251 |
|
Estimated interest component of net rental expense |
|
| 47 |
|
|
| 41 |
|
| 93 |
| 84 |
| ||||
|
|
| $ | 2,922 |
|
|
| $ | 1,821 |
|
| $ | 5,509 |
| $ | 3,335 |
|
Ratio of earnings to fixed charges |
|
| 1.39 |
|
|
| 1.72 |
|
| 1.49 |
| 1.82 |
| ||||
Earnings, excluding interest on deposits(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Income from continuing operations before income taxes |
|
| $ | 1,148 |
|
|
| $ | 1,317 |
|
| $ | 2,682 |
| $ | 2,741 |
|
Fixed charges |
|
| 1,461 |
|
|
| 969 |
|
| 2,827 |
| 1,787 |
| ||||
|
|
| $ | 2,609 |
|
|
| $ | 2,286 |
|
| $ | 5,509 |
| $ | 4,528 |
|
Fixed charges(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Interest expense |
|
| $ | 2,875 |
|
|
| $ | 1,780 |
|
| $ | 5,416 |
| $ | 3,251 |
|
Less: interest on deposits |
|
| (1,461 | ) |
|
| (852 | ) |
| (2,682 | ) | (1,548 | ) | ||||
Estimated interest component of net rental expense |
|
| 47 |
|
|
| 41 |
|
| 93 |
| 84 |
| ||||
|
|
| $ | 1,461 |
|
|
| $ | 969 |
|
| $ | 2,827 |
| $ | 1,787 |
|
Ratio of earnings to fixed charges |
|
| 1.79 |
|
|
| 2.36 |
|
| 1.95 |
| 2.53 |
|
(1) As defined in Item 503(d) of Regulation S-K.