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EXHIBIT 12.2
THE CHASE MANHATTAN CORPORATION
AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENTS
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Year Ended December 31, (in millions, except ratios) 1999
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Excluding Interest on Deposits
Income before income taxes $ 8,375
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Fixed charges:
Interest expense 4,901
One third of rents, net of income from subleases(a) 145
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Total fixed charges 5,046
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Less: Equity in undistributed income of affiliates (75)
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Earnings before taxes and fixed charges, excluding capitalized interest $ 13,346
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Fixed charges, as above $ 5,046
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Preferred stock dividends 71
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Fixed charges including preferred stock dividends $ 5,117
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Ratio of earnings to fixed charges and preferred stock dividend requirements 2.61
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Including Interest on Deposits
Fixed charges including preferred stock dividends, as above $ 5,117
Add: Interest on deposits 6,592
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Total fixed charges including preferred stock dividends and interest on deposits $ 11,709
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Earnings before taxes and fixed charges, excluding capitalized interest, as above $ 13,346
Add: Interest on deposits 6,592
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Total earnings before taxes, fixed charges and interest on deposits $ 19,938
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Total fixed charges, including preferred stock dividends and interest on deposits, as above $ 11,709
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Ratio of earnings to fixed charges and preferred stock dividend requirements 1.70
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(a) The proportion deemed representative of the interest factor.