Exhibit 12(b).
Norwest Corporation and Subsidiaries    
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Unaudited)


                           Six Months Ended
                                June 30                          Year Ended December 31             
In thousands                1995       1994        1994       1993       1992       1991       1990

                                                                     

Computation of Income:
 Income before
  income taxes        $  672,972    580,085   1,180,601    879,755    645,568    491,673    284,453
 Capitalized interest        (23)         -         (69)       (65)       (24)         -        (13)
 Income before income
  taxes and capitalized
  interest               672,949    580,085   1,180,532    879,690    645,544    491,673    284,440
 Fixed charges         1,161,531    743,997   1,640,049  1,485,936  1,651,664  2,187,536  2,354,041
 Total income for
  computation         $1,834,480  1,324,082   2,820,581  2,365,626  2,297,208  2,679,209  2,638,481
 Total income for
  computation excluding 
  interest on deposits
  from fixed charges  $1,284,139    910,704   1,957,224  1,513,317  1,281,619  1,196,648  1,111,762

Computation of Fixed
 Charges:
 Net rental
  expense (a)         $   78,917     73,646     149,462    128,573    123,342    111,609    102,192
 Portion of rentals
  deemed 
  representative
  of interest         $   26,306     24,549      49,821     42,858     41,114     37,203     34,064
 Interest:
  Interest on
   deposits              550,341    413,378     863,357    852,309  1,015,589  1,482,561  1,526,719
  Interest on
   federal funds
   and other 
   short-term
   borrowings            228,341    113,581     290,211    238,046    277,835    352,384    522,849
  Interest on
   long-term debt        356,520    192,489     436,591    352,658    317,102    315,388    270,396
  Capitalized
   interest                   23          -          69         65         24          -         13
  Total interest       1,135,225    719,448   1,590,228  1,443,078  1,610,550  2,150,333  2,319,977
 Total fixed
  charges             $1,161,531    743,997   1,640,049  1,485,936  1,651,664  2,187,536  2,354,041
 Total fixed
  charges excluding
  interest on
  deposits            $  611,190    330,619     776,692    633,627    636,075    704,975    827,322
 Preferred stock
  dividends               20,876     14,050      27,827     31,170     32,219     20,065      3,225
 Pre-tax earnings
  needed to meet
  preferred stock
  dividend
  requirements            31,143     20,765      41,044     44,728     44,367     23,997      5,294
 Total combined fixed
  charges and preferred
  stock dividends     $1,192,674    764,762   1,681,093  1,530,664  1,696,031  2,211,533  2,359,335
 Total combined
  fixed charges 
  and preferred stock
  dividends excluding 
  interest on 
  deposits            $  642,333    351,384     817,736    678,355    680,442    728,972    832,616

(a) Includes equipment rentals.


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Exhibit 12(b).
(continued)


Norwest Corporation and Subsidiaries    
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Unaudited)


                                   Six Months Ended
                                        June 30                     Year Ended December 31            
In thousands                        1995      1994      1994      1993      1992      1991      1990

                                                                           

Ratio of Income to Combined
 Fixed Charges and Preferred
 Stock Dividends:
  Excluding interest on
   deposits                         2.00x     2.59      2.39      2.23      1.88      1.64      1.34
  Including interest on
   deposits                         1.54x     1.73      1.68      1.55      1.35      1.21      1.12


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