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Requirements
  
(dollars in thousands) (unaudited)
      
       
   
For the Nine Months
  
   
Ended September 30,
  
   
2005
  
2004
  
Including Interest on Deposits
              
Earnings:
              
Income before income taxes
  
$
2,161,045
  
$
2,922,886
  
Fixed charges
    
1,297,728
    
1,143,591
  
Interest capitalized during period, net of amortization of previously capitalized interest
    
(3,236
)
  
(10,395
)
Earnings, for computation purposes
  
$
3,455,537
  
$
4,056,082
  
               
Fixed Charges and Preferred Stock Dividend Requirements:
              
Interest on deposits, short-term borrowings, and long-term debt and bank notes,
expensed or capitalized
  
$
1,295,529
  
$
1,140,429
  
Portion of rents representative of the interest factor
    
2,199
    
3,162
  
Fixed charges
    
1,297,728
    
1,143,591
  
Preferred stock dividend requirements
    
16,507
    
16,153
  
Fixed charges and preferred stock dividend requirements, including interest
on deposits, for computation purposes
  
$
1,314,235
  
$
1,159,744
  
               
Ratio of earnings to combined fixed charges and preferred stock dividend requirements, including interest on deposits    
2.63
    
3.50
  
               
Excluding Interest on Deposits
              
Earnings:
              
Income before income taxes
  
$
2,161,045
  
$
2,922,886
  
Fixed charges
    
532,057
    
411,074
  
Interest capitalized during period, net of amortization of previously capitalized interest
    
(3,252
)
  
(10,411
)
Earnings, for computation purposes
  
$
2,689,850
  
$
3,323,549
  
               
Fixed Charges and Preferred Stock Dividend Requirements:
              
Interest on short-term borrowings and long-term debt and bank notes,
expensed or capitalized
  
$
529,858
  
$
407,912
  
Portion of rents representative of the interest factor
    
2,199
    
3,162
  
Fixed charges
    
532,057
    
411,074
  
Preferred stock dividend requirements
    
16,507
    
16,153
  
Fixed charges and preferred stock dividend requirements, excluding interest
on deposits, for computation purposes
  
$
548,564
  
$
427,227
  
               
Ratio of earnings to combined fixed charges and preferred stock dividend requirements,
excluding interest on deposits
    
4.90
    
7.78
  
   
 
The ratio of earnings to combined fixed charges and preferred stock dividend requirements is computed by dividing (i) income before income taxes and fixed charges less interest capitalized during such period, net of amortization of previously capitalized interest, by (ii) fixed charges and preferred stock dividend requirements. Fixed charges consist of interest, expensed or capitalized, on borrowings (including or excluding deposits, as applicable), and the portion of rental expense which is deemed representative of interest. The preferred stock dividend requirements represent the pre-tax earnings which would have been required to cover such dividend requirements on the Corporation's Preferred Stock outstanding.