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                                                                    Exhibit 12.0

                         The Chase Manhattan Corporation
                                and Subsidiaries

                Computation of Ratio of Earnings to Fixed Charges

Year Ended December 31, (in millions, except ratios)                       1996
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Excluding Interest on Deposits
Income before income taxes                                             $  3,811
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Fixed charges:                                                       
  Interest expense                                                        5,531
  One third of rents, net of income from subleases(a)                       116
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Total fixed charges                                                       5,647
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Less: Equity in undistributed income of affiliates                          (64)
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Earnings before taxes and fixed charges,                             
  excluding capitalized interest                                       $  9,394
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Fixed charges, as above                                                $  5,647
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Ratio of earnings to fixed charges                                         1.66
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Including Interest on Deposits                                       
Fixed charges, as above                                                $  5,647
Add: Interest on deposits                                                 6,038
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Total fixed charges and interest on deposits                           $ 11,685
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Earnings before taxes and fixed charges,                             
  excluding capitalized interest, as above                             $  9,394
Add: Interest on deposits                                                 6,038
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Total earnings before taxes, fixed charges                           
  and interest on deposits                                             $ 15,432
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Ratio of earnings to fixed charges                                         1.32
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(a) The proportion deemed representative of the interest factor.