BANKAMERICA CORPORATION AND SUBSIDIARIES RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12(a) ================================================================================ Year Ended December 31 ---------------------------------------------------- (Dollars in millions) 1997 1996 1995 1994 1993 - -------------------------------------------------------------------------------- EXCLUDING INTEREST ON DEPOSITS Income before taxes $10,556 $ 9,311 $ 8,377 $ 7,010 $ 6,047 Equity in undistributed (earnings) losses of unconsolidated subsidiaries (49) (7) (19) (55) (42) Fixed charges: Interest expense (including capitalized interest) 8,219 7,082 6,354 4,572 2,735 1/3 of net rent expense 302 282 275 250 241 - -------------------------------------------------------------------------------- Total fixed charges 8,521 7,364 6,629 4,822 2,976 - -------------------------------------------------------------------------------- Earnings (excluding capitalized interest) $19,026 $16,668 $14,987 $11,774 $ 8,979 - -------------------------------------------------------------------------------- Fixed charges $ 8,521 $ 7,364 $ 6,629 $ 4,822 $ 2,976 - -------------------------------------------------------------------------------- RATIO OF EARNINGS TO FIXED CHARGES 2.23 2.26 2.26 2.44 3.02 - ----------------------------==================================================== INCLUDING INTEREST ON DEPOSITS Income before taxes $10,556 $ 9,311 $ 8,377 $ 7,010 $ 6,047 Equity in undistributed (earnings) losses of unconsolidated subsidiaries (49) (7) (19) (55) (42) Fixed charges: Interest expense (including capitalized interest) 18,903 16,682 16,369 11,083 8,757 1/3 of net rent expense 302 282 275 250 241 - -------------------------------------------------------------------------------- Total fixed charges 19,205 16,964 16,644 11,333 8,998 - -------------------------------------------------------------------------------- Earnings (excluding capitalized interest) $29,710 $26,268 $25,002 $18,285 $15,001 - -------------------------------------------------------------------------------- Fixed charges $19,205 $16,964 $16,644 $11,333 $ 8,998 - -------------------------------------------------------------------------------- RATIO OF EARNINGS TO FIXED CHARGES 1.55 1.55 1.50 1.61 1.67 - ----------------------------====================================================

BANKAMERICA CORPORATION AND SUBSIDIARIES RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS EXHIBIT 12(b) ================================================================================ Year Ended December 31 ---------------------------------------------------- (Dollars in millions) 1997 1996 1995 1994 1993 - -------------------------------------------------------------------------------- EXCLUDING INTEREST ON DEPOSITS Income before taxes $10,556 $ 9,311 $ 8,377 $ 7,010 $ 6,047 Equity in undistributed (earnings) losses of unconsolidated subsidiaries (49) (7) (19) (55) (42) Fixed charges: Interest expense (including capitalized interest) 8,219 7,082 6,354 4,572 2,735 1/3 of net rent expense 302 282 275 250 241 - -------------------------------------------------------------------------------- Total fixed charges 8,521 7,364 6,629 4,822 2,976 - -------------------------------------------------------------------------------- Preferred dividend requirements 183 332 426 467 466 - -------------------------------------------------------------------------------- Earnings (excluding capitalized interest) $19,026 $16,668 $14,987 $11,774 $ 8,979 - -------------------------------------------------------------------------------- Fixed charges and preferred dividends $ 8,704 $ 7,696 $ 7,055 $ 5,289 $ 3,442 - -------------------------------------------------------------------------------- RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 2.19 2.17 2.12 2.23 2.61 - ---------------------------===================================================== INCLUDING INTEREST ON DEPOSITS Income before taxes $ 10,556 $ 9,311 $ 8,377 $ 7,010 $ 6,047 Equity in undistributed (earnings) losses of unconsolidated subsidiaries (49) (7) (19) (55) (42) Fixed charges: Interest expense (including capitalized interest) 18,903 16,682 16,369 11,083 8,757 1/3 of net rent expense 302 282 275 250 241 - -------------------------------------------------------------------------------- Total fixed charges 19,205 16,964 16,644 11,333 8,998 - -------------------------------------------------------------------------------- Preferred dividend requirements 183 332 426 467 466 - -------------------------------------------------------------------------------- Earnings (excluding capitalized interest) $29,710 $26,268 $25,002 $18,285 $15,001 - -------------------------------------------------------------------------------- Fixed charges and preferred dividends $ 19,388 $ 17,296 $ 17,070 $ 11,800 $ 9,464 - -------------------------------------------------------------------------------- RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 1.53 1.52 1.46 1.55 1.59 - ---------------------------=====================================================