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EXHIBIT 12(b)
THE CHASE MANHATTAN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENTS
(IN MILLIONS, EXCEPT RATIOS)
Three Months Ended
March 31, 2000
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EXCLUDING INTEREST ON DEPOSITS
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Income before income taxes $ 2,093
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Fixed charges:
Interest expense 1,483
One-third of rents, net of income from subleases (a) 39
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Total fixed charges 1,522
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Less: Equity in undistributed income of affiliates (17)
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Earnings before taxes and fixed charges, excluding capitalized interest $ 3,598
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Fixed charges, as above $ 1,522
Preferred stock dividends 16
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Fixed charges including preferred stock dividends $ 1,538
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Ratio of earnings to fixed charges and
preferred stock dividend requirements 2.34
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INCLUDING INTEREST ON DEPOSITS
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Fixed charges including preferred stock dividends, as above $ 1,538
Add: Interest on deposits 1,965
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Total fixed charges including preferred stock
dividends and interest on deposits $ 3,503
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Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 3,598
Add: Interest on deposits 1,965
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Total earnings before taxes, fixed charges and interest on deposits $ 5,563
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Ratio of earnings to fixed charges
and preferred stock dividend requirements 1.59
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(a) The proportion deemed representative of the interest factor.
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