1
EXHIBIT 12(B)
THE CHASE MANHATTAN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENTS
(IN MILLIONS, EXCEPT RATIOS)
Nine Months Ended
September 30, 2000
------------------
EXCLUDING INTEREST ON DEPOSITS
Income before income taxes $ 5,130
--------
Fixed charges:
Interest expense 4,921
One-third of rents, net of income from subleases (a) 126
--------
Total fixed charges 5,047
--------
Less: Equity in undistributed income of affiliates (55)
--------
Earnings before taxes and fixed charges, excluding capitalized interest $ 10,122
========
Fixed charges, as above $ 5,047
Preferred stock dividends 46
--------
Fixed charges including preferred stock dividends $ 5,093
========
Ratio of earnings to fixed charges and
preferred stock dividend requirements 1.99
========
INCLUDING INTEREST ON DEPOSITS
Fixed charges including preferred stock dividends, as above $ 5,093
Add: Interest on deposits 6,302
--------
Total fixed charges including preferred stock
dividends and interest on deposits $ 11,395
========
Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 10,122
Add: Interest on deposits 6,302
--------
Total earnings before taxes, fixed charges and interest on deposits $ 16,424
========
Ratio of earnings to fixed charges
and preferred stock dividend requirements 1.44
========
(a) The proportion deemed representative of the interest factor.
-52-