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, 1999
------------------
EXCLUDING INTEREST ON DEPOSITS
Income before income taxes $ 5,790
--------------
Fixed charges:
Interest expense 3,571
One third of rents, net of income from subleases (a) 106
--------------
Total fixed charges 3,677
--------------
Less: Equity in undistributed income of affiliates (66)
---------------
Earnings before taxes and fixed charges, excluding capitalized interest $ 9,401
==============
Fixed charges, as above $ 3,677
Preferred stock dividends 55
--------------
Fixed charges including preferred stock dividends $ 3,732
==============
Ratio of earnings to fixed charges and
preferred stock dividend requirements 2.52
==============
INCLUDING INTEREST ON DEPOSITS
Fixed charges including preferred stock dividends, as above $ 3,732
Add: Interest on deposits 4,806
--------------
Total fixed charges including preferred stock
dividends and interest on deposits $ 8,538
==============
Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 9,401
Add: Interest on deposits 4,806
--------------
Total earnings before taxes, fixed charges, and interest on deposits $ 14,207
==============
Ratio of earnings to fixed charges
and preferred stock dividend requirements 1.66
==============
- --------------------------------------------------------------------------------
(a) The proportion deemed representative of the interest factor.
-48-