Years Ended December 31,
(Dollars in millions)		2005				2004				2003				2002				2001
EXCLUDING INTEREST ON DEPOSITS:
Pre-tax income from continuing operations, as reported		$	1,432			$	1,192			$	1,112			$	1,555			$	930
Share of pre-tax income (loss) of unconsolidated affiliates			16				39				11				(1	)			14
Fixed charges			948				481				424				552				1,025
Earnings	(A)	$	2,396			$	1,712			$	1,547			$	2,106			$	1,969
Interest on other short-term borrowings		$	753			$	315			$	279			$	426			$	881
Interest on long-term debt, including amortization of debt issuance costs			100				68				69				71				93
Portion of rents representative of the interest factor in long-term leases (1)			95				98				76				55				51
Fixed charges	(B)	$	948			$	481			$	424			$	552			$	1,025
Consolidated ratio of earnings to fixed charges, excluding interest on deposits	(A)/(B)		2.53	x			3.56	x			3.65	x			3.82	x			1.92	x
INCLUDING INTEREST ON DEPOSITS:
Pre-tax income from continuing operations, as reported		$	1,432			$	1,192			$	1,112			$	1,555			$	930
Share of pre-tax income (loss) of unconsolidated subsidiaries			16				39				11				(1	)			14
Fixed charges			2,080				993				796				1,050				1,881
Earnings	(C)	$	3,528			$	2,224			$	1,919			$	2,604			$	2,825
Interest on other short-term borrowings and deposits		$	1,885			$	827			$	651			$	924			$	1,737
Interest on long-term debt, including amortization of debt issuance costs			100				68				69				71				93
Portion of rents representative of the interest factor in long-term leases (1)			95				98				76				55				51
Fixed charges	(D)	$	2,080			$	993			$	796			$	1,050			$	1,881
Consolidated ratio of earnings to fixed charges, including interest on deposits	(C)/(D)		1.70	x			2.24	x			2.41	x			2.48	x			1.50	x

 

(1)

The interest factor on long-term operating leases was estimated using one-third of rental expense. The interest factor on long-term capital leases was equal to the amount recorded as interest expense in the consolidated statement of income.

---