Exhibit 12(b) NationsBank Corporation and Subsidiaries Ratio of Earnings to Fixed Charges and Preferred Dividends - ------------------------------------------------------------------------------------------------------------------------------- (Dollars in Thousands)

Year Ended December 31 ----------------------------------------------------------------- Three Months Ended March 31, 1995 1994 1993 1992 1991 1990 ---------------------------------------------------------------------------------- Excluding Interest on Deposits - ------------------------------ Income before taxes......................... $ 443,157 $ 2,554,778 $ 1,991,103 $ 1,396,213 $ 108,524 $ 625,467 Equity in undistributed earnings of unconsolidated subsidiaries............ (1,019) (2,604) (4,756) (1,426) (1,114) (668) Fixed charges: Interest expense (including capitalized interest)................ 980,698 2,895,569 1,420,800 915,880 1,290,755 1,851,513 Amortization of debt discount and appropriate issuance costs........... 2,055 8,194 6,377 3,000 2,093 2,872 1/3 of net rent expense................ 29,641 114,414 95,786 90,667 81,909 66,195 ---------------------------------------------------------------------------------- Total fixed charges................. 1,012,394 3,018,177 1,522,963 1,009,547 1,374,757 1,920,580 Preferred dividend requirements............. 3,260 14,796 15,737 29,260 30,775 37,979 Earnings (excluding capitalized interest)... $ 1,454,532 $ 5,570,351 $ 3,509,310 $ 2,398,329 $ 1,470,621 $ 2,533,093 ================================================================================== Fixed charges............................... $ 1,015,654 $ 3,032,973 $ 1,538,700 $ 1,038,807 $ 1,405,532 $ 1,958,559 ================================================================================== Ratio of Earnings to Fixed Charges.......... 1.43 1.84 2.28 2.31 1.05 1.29 Including Interest on Deposits - ------------------------------ Income before taxes......................... $ 443,157 $ 2,554,778 $ 1,991,103 $ 1,396,213 $ 108,524 $ 625,467 Equity in undistributed earnings of unconsolidated subsidiaries............ (1,019) (2,604) (4,756) (1,426) (1,114) (668) Fixed charges: Interest expense (including capitalized interest)................ 1,763,518 5,310,419 3,570,079 3,687,650 5,611,057 6,683,262 Amortization of debt discount and appropriate issuance costs........... 2,055 8,194 6,377 3,000 2,093 2,872 1/3 of net rent expense................ 29,641 114,414 95,786 90,667 81,909 66,195 ---------------------------------------------------------------------------------- Total fixed charges................. 1,795,214 5,433,027 3,672,242 3,781,317 5,695,059 6,752,329 Preferred dividend requirements............. 3,260 14,796 15,737 29,260 30,775 37,979 Earnings (excluding capitalized interest)... $ 2,237,352 $ 7,985,201 $ 5,658,589 $ 5,170,099 $ 5,790,923 $ 7,364,842 ================================================================================== Fixed charges............................... $ 1,798,474 $ 5,447,823 $ 3,687,979 $ 3,810,577 $ 5,725,834 $ 6,790,308 ================================================================================== Ratio of Earnings to Fixed Charges.......... 1.24 1.47 1.53 1.36 1.01 1.08

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