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EXHIBIT 12(A)
THE CHASE MANHATTAN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIOS)
Nine Months Ended
September 30, 1998
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EXCLUDING INTEREST ON DEPOSITS
Income before income taxes $ 4,154
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Fixed charges:
Interest expense 5,319
One third of rents, net of income from subleases (a) 84
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Total fixed charges 5,403
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Less: Equity in undistributed income of affiliates (13)
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Earnings before taxes and fixed charges, excluding capitalized interest $ 9,544
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Fixed charges, as above $ 5,403
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Ratio of earnings to fixed charges 1.77
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INCLUDING INTEREST ON DEPOSITS
Fixed charges, as above $ 5,403
Add: Interest on deposits 5,123
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Total fixed charges and interest on deposits $ 10,526
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Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 9,544
Add: Interest on deposits 5,123
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Total earnings before taxes, fixed charges, and interest on deposits $ 14,667
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Ratio of earnings to fixed charges 1.39
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(a) The proportion deemed representative of the interest factor.
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