Exhibit 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Year Ended December 3 (Dollars in Thousands) 1993 - --------------------------------------------------------------------------------------------------------------- Earnings 1. Net income $ 298,000 2. Applicable income taxes 178,800 - --------------------------------------------------------------------------------------------------------------- 3. Net income before taxes (1 + 2) $ 476,800 - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 4. Fixed charges: a. Interest expense excluding interest on deposits $ 105,200 b. Portion of rents representative of interest and amortization of debt expense 31,379 - --------------------------------------------------------------------------------------------------------------- c. Fixed charges excluding interest on deposits (4a + 4b) 136,579 d. Interest on deposits 423,700 - --------------------------------------------------------------------------------------------------------------- e. Fixed charges including interest on deposits (4c + 4d) $ 560,279 - --------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------- 5. Amortization of interest capitalized $ 4,900 6. Earnings excluding interest on deposits (3 + 4c + 5) 618,279 7. Earnings including interest on deposits (3 + 4e +5) 1,041,979 8. Fixed charges excluding interest on deposits (4c) 136,579 9. Fixed charges including interest on deposits (4e) 560,279 RATIO OF EARNINGS TO FIXED CHARGES 10.Excluding interest on deposits (line 6/line 8) 4.53 11.Including interest on deposits (line 7/line 9) 1.86 - ---------------------------------------------------------------------------------------------------------------