EXHIBIT 99.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| Nine Months Ended |
| ||||||||||||
|
| 2006 |
| 2005 |
| 2006 |
| 2005 |
| ||||||||
|
| (dollars in millions) |
| ||||||||||||||
Earnings, including interest on deposits(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Income from continuing operations before income taxes |
|
| $ | 1,133 |
|
|
| $ | 1,301 |
|
| $ | 3,815 |
| $ | 4,043 |
|
Fixed charges |
|
| 3,203 |
|
|
| 2,066 |
|
| 8,712 |
| 5,402 |
| ||||
|
|
| $ | 4,336 |
|
|
| $ | 3,367 |
|
| $ | 12,527 |
| $ | 9,445 |
|
Fixed charges(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Interest expense |
|
| $ | 3,158 |
|
|
| $ | 2,024 |
|
| $ | 8,574 |
| $ | 5,275 |
|
Estimated interest component of net rental expense |
|
| 45 |
|
|
| 42 |
|
| 138 |
| 127 |
| ||||
|
|
| $ | 3,203 |
|
|
| $ | 2,066 |
|
| $ | 8,712 |
| $ | 5,402 |
|
Ratio of earnings to fixed charges |
|
| 1.35 |
|
|
| 1.63 |
|
| 1.44 |
| 1.75 |
| ||||
Earnings, excluding interest on deposits(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Income from continuing operations before income taxes |
|
| $ | 1,133 |
|
|
| $ | 1,301 |
|
| $ | 3,815 |
| $ | 4,043 |
|
Fixed charges |
|
| 1,464 |
|
|
| 1,070 |
|
| 4,292 |
| 2,858 |
| ||||
|
|
| $ | 2,597 |
|
|
| $ | 2,371 |
|
| $ | 8,107 |
| $ | 6,901 |
|
Fixed charges(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Interest expense |
|
| $ | 3,158 |
|
|
| $ | 2,024 |
|
| $ | 8,574 |
| $ | 5,275 |
|
Less: interest on deposits |
|
| (1,739 | ) |
|
| (996 | ) |
| (4,420 | ) | (2,544 | ) | ||||
Estimated interest component of net rental expense |
|
| 45 |
|
|
| 42 |
|
| 138 |
| 127 |
| ||||
|
|
| $ | 1,464 |
|
|
| $ | 1,070 |
|
| $ | 4,292 |
| $ | 2,858 |
|
Ratio of earnings to fixed charges |
|
| 1.77 |
|
|
| 2.22 |
|
| 1.89 |
| 2.41 |
|
(1) As defined in Item 503(d) of Regulation S-K.