EXHIBIT 99
WELLS FARGO & COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
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Quarter ended June 30, Six months ended June 30,
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(in millions) 1994 1993 1994 1993
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EARNINGS, INCLUDING INTEREST ON DEPOSITS (1):
Income before income tax expense $ 368 $ 262 $ 727 $ 450
Fixed charges 291 291 558 596
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$ 659 $ 553 $1,285 $1,046
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Fixed charges(1):
Interest expense $ 277 $ 278 $ 530 $ 570
Estimated interest component of net rental expense 14 $ 13 28 26
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$ 291 $ 291 $ 558 $ 596
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Ratio of earnings to fixed charges (2) 2.26 1.90 2.30 1.76
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EARNINGS, EXCLUDING INTEREST ON DEPOSITS:
Income before income tax expense $ 368 $ 262 $ 727 $ 450
Fixed charges 81 75 152 148
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$ 449 $ 337 $ 879 $ 598
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Fixed charges:
Interest expense $ 277 $ 278 $ 530 $ 570
Less interest on deposits (210) (216) (406) (448)
Estimated interest component of net rental expense 14 13 28 26
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$ 81 $ 75 $ 152 $ 148
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Ratio of earnings to fixed charges 5.54 4.49 5.78 4.04
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<FN>
(1) As defined in Item 503(d) of Regulation S-K.
(2) These computations are included herein in compliance with Securities and Exchange Commission regulations.
However, management believes that fixed charge ratios are not meaningful measures for the business of the
Company because of two factors. First, even if there were no change in net income, the ratios would
decline with an increase in the proportion of income which is tax-exempt or, conversely, they would
increase with a decrease in the proportion of income which is tax-exempt. Second, even if there were no
change in net income, the ratios would decline if interest income and interest expense increase by the
same amount due to an increase in the level of interest rates or, conversely, they would increase if
interest income and interest expense decrease by the same amount due to a decrease in the level of
interest rates.