EXHIBIT 99.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| ||||||||
|
| 2006 |
| 2005 |
| ||||||
|
| (dollars in millions) |
| ||||||||
Earnings, including interest on deposits(1): |
|
|
|
|
|
|
|
|
| ||
Income before income taxes |
|
| $ | 1,549 |
|
|
| $ | 1,443 |
|
|
Fixed charges |
|
| 2,586 |
|
|
| 1,514 |
|
| ||
|
|
| $ | 4,135 |
|
|
| $ | 2,957 |
|
|
Fixed charges(1): |
|
|
|
|
|
|
|
|
| ||
Interest expense |
|
| $ | 2,540 |
|
|
| $ | 1,470 |
|
|
Estimated interest component of net rental expense |
|
| 46 |
|
|
| 44 |
|
| ||
|
|
| $ | 2,586 |
|
|
| $ | 1,514 |
|
|
Ratio of earnings to fixed charges |
|
| 1.60 |
|
|
| 1.95 |
|
| ||
Earnings, excluding interest on deposits(1): |
|
|
|
|
|
|
|
|
| ||
Income before income taxes |
|
| $ | 1,549 |
|
|
| $ | 1,443 |
|
|
Fixed charges |
|
| 1,365 |
|
|
| 818 |
|
| ||
|
|
| $ | 2,914 |
|
|
| $ | 2,261 |
|
|
Fixed charges(1): |
|
|
|
|
|
|
|
|
| ||
Interest expense |
|
| $ | 2,540 |
|
|
| $ | 1,470 |
|
|
Less: interest on deposits |
|
| (1,221 | ) |
|
| (696 | ) |
| ||
Estimated interest component of net rental expense |
|
| 46 |
|
|
| 44 |
|
| ||
|
|
| $ | 1,365 |
|
|
| $ | 818 |
|
|
Ratio of earnings to fixed charges |
|
| 2.13 |
|
|
| 2.76 |
|
| ||
(1) As defined in Item 503(d) of Regulation S-K.
