NationsBank Corporation and Subsidiaries 	Exhibit 12(b) Ratio of Earnings to Fixed Charges and Preferred Dividends - ----------------------------------------------------------------------------------------------------------------------- (Dollars in Millions) 	Three Months -------------------Year Ended December 31---------------- 										 	Ended 									 	March 31, 1996 1995 1994 1993 1992 1991 -------------------------------------------------------------------------- Excluding Interest on Deposits - ------------------------------------------- Income before taxes...........................	 $ 789 	 $ 2,991 	$ 2,555 	 $ 1,991 $ 1,396 	 $ 109 Equity in undistributed earnings of unconsolidated subsidiaries..............		 (2)			 (7)		 (3)		 (5)	 (1)		 (1) Fixed charges: Interest expense (including capitalized interest).......................	 1,153		 	4,480 	 2,896 	 	1,421 	 916 	 1,291 Amortization of debt discount and appropriate issuance costs..................		 5 			 12 		 8 		 6 	 	3 		 2 1/3 of net rent expense.......................	 31 			 125 		 114 		 96 	 91 		 82 ------------------------------------------------------------------------ Total fixed charges......................	 1,189 		 	4,617 	 3,018 	 	1,523	 1,010 	 1,375 Preferred dividend requirements...............		 6 			 13 	 	 15 		 16 	 29 		 31 Earnings (excluding capitalized interest)..... 	$ 1,976 		 $ 7,601 	$ 5,570 	 $ 3,509 $ 2,398 	 $ 1,471 ======================================================================== Fixed charges................................. 	$ 1,195 		 $ 4,630 	$ 3,033		 $ 1,539 $ 1,039 	 $ 1,406 ======================================================================== Ratio of Earnings to Fixed Charges............	 1.65 			 1.64 	 1.84 		 2.28 	 2.31 	 	1.05 Including Interest on Deposits - ---------------------------------------------- Income before taxes........................... 	$ 789 		 $ 2,991 	$ 2,555 	 $ 1,991 $ 1,396 	 $ 109 Equity in undistributed earnings of unconsolidated subsidiaries..............		 (2) 			 (7) 		 (3)		 (5)	 (1)		 (1) Fixed charges: Interest expense (including capitalized interest).......................	 2,011 			7,761 	 5,310 	 	3,570 	 3,688 		 5,611 Amortization of debt discount and appropriate issuance costs..................		 5 	 		 12 		 8 		 6 	 	3 		 2 1/3 of net rent expense.......................		 31 			 125 		 114 		 96 	 91 		 82 ------------------------------------------------------------------------ Total fixed charges...................	 2,047 		 	7,898 	 5,432 	 	3,672 	 3,782 	 	5,695 Preferred dividend requirements...............		 6 			 13 		 15 		 16 	 29 		 31 Earnings (excluding capitalized interest)..... 	$ 2,834 		 $ 10,882 	$ 7,984 	 $ 5,658 $ 5,170 	 $ 5,791 ======================================================================== Fixed charges................................. 	$ 2,053 		 $ 7,911 	$ 5,447 	 $ 3,688 $ 3,811 	 $ 5,726 ======================================================================== Ratio of Earnings to Fixed Charges............	 1.38 			 1.38 	 	 1.47 		 1.53 	 1.36 		 1.01 45