EXHIBIT 12(a)
THE CHASE MANHATTAN CORPORATION and Subsidiaries
Computation of ratio of earnings to fixed charges
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(in millions, except ratios)
Nine Months Ended
September 30, 1996
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EXCLUDING INTEREST ON DEPOSITS
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Income before Income Taxes $ 2,462
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Fixed charges:
Interest expense 3,994
One third of rents, net of income from subleases (a) 91
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Total fixed charges 4,085
Less: Equity in undistributed income of affiliates (47)
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Earnings before taxes and fixed charges, excluding capitalized interest $ 6,500
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Fixed charges, as above $ 4,085
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Ratio of earnings to fixed charges 1.59
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INCLUDING INTEREST ON DEPOSITS
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Fixed charges, as above $ 4,085
Add: Interest on deposits 4,518
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Total fixed charges and interest on deposits $ 8,603
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Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 6,500
Add: Interest on deposits 4,518
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Total earnings before taxes, fixed charges, and interest on deposits $ 11,018
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Ratio of earnings to fixed charges 1.28
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<FN>
(a) The proportion deemed representative of the interest factor.
</FN>
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