EXHIBIT 12 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 



                                                                                              THREE MONTHS ENDED MARCH 31 
                                                                                                             
(Dollars in Millions)                                                                                                1995 
EARNINGS 
 1.     Net income                                                                                                 $133.8 
 2.     Applicable income taxes                                                                                      78.8 
 3.     Net income before taxes (1 + 2)                                                                            $212.6 
 4.     Fixed charges: 
        a.     Interest expense excluding interest on deposits                                                      $83.9 
        b.     Portion of rents representative of interest and amortization of debt expense                           6.3 
        c.     Fixed charges excluding interest on deposits (4a + 4b)                                                90.2 
        d.     Interest on deposits                                                                                 178.4 
        e.     Fixed charges including interest on deposits (4c + 4d)                                              $268.6 
 5.     Amortization of interest capitalized                                                                       $  1.2 
 6.     Earnings excluding interest on deposits (3 + 4c + 5)                                                        304.0 
 7.     Earnings including interest on deposits (3 + 4e + 5)                                                        482.4 
 8.     Fixed charges excluding interest on deposits (4c)                                                            90.2 
 9.     Fixed charges including interest on deposits (4e)                                                           268.6 
RATIO OF EARNINGS TO FIXED CHARGES 
10.     Excluding interest on deposits (line 6/ line 8)                                                              3.37 
11.     Including interest on deposits (line 7/ line 9)                                                              1.80