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EXHIBIT 12(b)
THE CHASE MANHATTAN CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDEND REQUIREMENTS
(IN MILLIONS, EXCEPT RATIOS)
Six Months Ended
June 30, 1997
----------------
EXCLUDING INTEREST ON DEPOSITS
Income before income taxes $ 2,963
-------
Fixed charges:
Interest expense 3,342
One third of rents, net of income from subleases (a) 57
-------
Total fixed charges 3,399
-------
Less: Equity in undistributed income of affiliates (38)
-------
Earnings before taxes and fixed charges, excluding capitalized interest $ 6,324
=======
Fixed charges, as above $ 3,399
Preferred stock dividends 106
-------
Fixed charges including preferred stock dividends $ 3,505
=======
Ratio of earnings to fixed charges and
preferred stock dividend requirements 1.80
=======
INCLUDING INTEREST ON DEPOSITS
Fixed charges including preferred stock dividends, as above $ 3,505
Add: Interest on deposits 3,083
-------
Total fixed charges including preferred stock
dividends and interest on deposits $ 6,588
=======
Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 6,324
Add: Interest on deposits 3,083
-------
Total earnings before taxes, fixed charges, and interest on deposits $ 9,407
=======
Ratio of earnings to fixed charges
and preferred stock dividend requirements 1.43
=======
(a) The proportion deemed representative of the interest factor.
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APPENDIX 1
NARRATIVE DESCRIPTION OF GRAPHIC IMAGE MATERIAL
Pursuant to Item 304 of Regulation S-T, the following is a description of the
graphic image material included in the foregoing Management's Discussion and
Analysis of Financial Condition and Results of Operations.
GRAPHIC
NUMBER PAGE DESCRIPTION
- ------ ---- -----------
1 37 Bar Graph entitled "Histogram of Daily Market Risk-Related Revenue for the twelve months ended
June 30, 1997" presenting the following information:
Millions of Dollars 0 - 5 5 - 10 10 - 15 15 - 20 20 - 25 25 - 30
------------------- ----- ------ ------- ------- ------- -------
Number of trading
days revenue was
within the above
prescribed positive
range 58 67 67 36 11 6
Millions of Dollars 0 - (5) (5) - (10) (10) - (15)
------------------- ------- --------- ----------
Number of trading
days revenue was
within the above
prescribed negative
range 12 1 1