Exhibit 12(b).
Wells Fargo & Company and Subsidiaries
formerly known as Norwest Corporation and Subsidiaries    
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Unaudited)


                Nine Months Ended                     
                 September 30,             Year Ended December 31,
In                                                    
thousands      1998      1997      1997      1996      1995      1994     1993

Computation of Income:
 Income 
  before
  income 
  taxes  $1,701,627 1,524,069 2,049,726 1,781,509 1,422,814 1,180,601   879,755
 Capitalized 
  interest        -         -       (22)      (14)     (112)      (69)      (65)
 Income 
  before income
  taxes and 
  capitalized
  inter-
  est     1,701,627 1,524,069 2,049,704 1,781,495 1,422,702 1,180,532   879,690
 Fixed 
 charges  2,234,327 2,032,875 2,734,466 2,685,447 2,503,603 1,640,049 1,485,936
 Total income 
  for
  comput-
  ation  $3,935,954 3,556,944 4,784,170 4,466,942 3,926,305 2,820,581 2,365,626
 Total income 
  for
  computation 
  excluding 
  interest 
  on deposits
  from fixed 
  char-
  ges    $2,815,133 2,481,532 3,337,488 3,142,024 2,770,005 1,957,224 1,513,317

Computation 
 of Fixed
 Charges:
 Net rental
  expense 
  (a)    $  175,203   155,309   211,191   205,409   166,591   149,462   128,573
 Portion of 
  rentals
  deemed 
  repres-
  entative
  of 
  inter-
  est    $   58,401    51,770    70,397    68,470    55,530    49,821    42,858
 Interest:
  Interest 
   on dep-
   osits  1,120,821 1,075,412 1,446,682 1,324,918 1,156,300   863,357   852,309
  Interest 
   on
   federal 
   funds
   and other 
   short-term
   borrow-
   ings     466,718   327,062   439,492   454,013   515,646   290,211   238,046
  Interest 
   on
   long-term 
   debt     588,387   578,631   777,873   838,032   776,015   436,591   352,658
  Capitalized
   inter-
   est            -         -        22        14       112        69        65
  Total 
  inter-
  est     2,175,926 1,981,105 2,664,069 2,616,977 2,448,073 1,590,228 1,443,078
 Total 
  fixed
  char-
  ges    $2,234,327 2,032,875 2,734,466 2,685,447 2,503,603 1,640,049 1,485,936
 Total 
  fixed
  charges 
  excluding
  interest 
  on dep-
  osits  $1,113,506   957,463 1,287,784 1,360,529 1,347,303   776,692   633,627
 Preferred 
  stock
  divi-
  dends      13,322    13,322    17,763    17,763    41,220    27,827    31,170
 Pre-tax 
  earnings
  needed to 
  meet pre-
  ferred stock
  dividend
  require-
  ments      19,838    20,409    26,950    27,424    61,349    41,044    44,728
 Total 
  combined fixed
  charges 
  and pre-
  ferred
  stock 
  div-
  idends $2,254,165 2,053,284 2,761,416 2,712,871 2,564,952 1,681,093 1,530,664
 Total 
  combined 
  fixed charges 
  and pre-
  ferred stock
  dividends 
  excluding 
  interest 
  on dep- 
  osits  $1,133,344   977,872  ,314,734 1,387,953 1,408,652   817,736   678,355


(a) Includes equipment rentals.


                                                                Exhibit 12(b).
(continued)


Wells Fargo & Company and Subsidiaries
formerly known as Norwest Corporation and Subsidiaries    
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Unaudited)


                   Nine Months Ended                     
                    September 30,              Year Ended December 31,         
                                                        
In thousands        1998     1997     1997     1996     1995     1994     1993

Ratio of Income 
 to Combined
 Fixed Charges 
 and Preferred
 Stock Dividends:
  Excluding 
   interest on
   deposits         2.48x    2.54     2.54     2.26     1.97     2.39     2.23
  Including 
   interest on
   deposits         1.75x    1.73     1.73     1.65     1.53     1.68     1.55