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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, 1998
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EXCLUDING INTEREST ON DEPOSITS
Income before income taxes $ 2,855
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Fixed charges:
Interest expense 3,617
One third of rents, net of income from subleases (a) 53
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Total fixed charges 3,670
Less: Equity in undistributed income of affiliates (10)
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Earnings before taxes and fixed charges, excluding capitalized interest $ 6,515
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Fixed charges, as above $ 3,670
Preferred stock dividends 58
Fixed charges including preferred stock dividends $ 3,728
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Ratio of earnings to fixed charges and
preferred stock dividend requirements 1.75
INCLUDING INTEREST ON DEPOSITS
Fixed charges including preferred stock dividends, as above $ 3,728
Add: Interest on deposits 3,599
Total fixed charges including preferred stock
dividends and interest on deposits $ 7,327
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Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 6,515
Add: Interest on deposits 3,599
Total earnings before taxes, fixed charges, and interest on deposits $ 10,114
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Ratio of earnings to fixed charges
and preferred stock dividend requirements 1.38
(a) The proportion deemed representative of the interest factor.
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