Exhibit 12(a)
BANK OF AMERICA CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
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December 31
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(Dollars in millions) 2001 2000 1999 1998 1997
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Excluding Interest on Deposits
Income before income taxes $10,117 $11,788 $12,215 $ 8,048 $10,556
Less: Equity in undistributed earnings of
unconsolidated subsidiaries (6) (27) (167) 162 (49)
Fixed charges:
Interest expense (including capitalized interest) 9,117 13,806 10,084 9,479 8,219
1/3 of net rent expense 379 368 342 335 302
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Total fixed charges 9,496 14,174 10,426 9,814 8,521
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Earnings (excluding capitalized interest) $19,607 $25,935 $22,474 $18,024 $19,028
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Fixed charges $ 9,496 $14,174 $10,426 $ 9,814 $ 8,521
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Ratio of earnings to fixed charges 2.06 1.83 2.16 1.84 2.23
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December 31
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(Dollars in millions) 2001 2000 1999 1998 1997
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Including Interest on Deposits
Income before income taxes $10,117 $11,788 $12,215 $ 8,048 $10,556
Less: Equity in undistributed earnings of
unconsolidated subsidiaries (6) (27) (167) 162 (49)
Fixed charges:
Interest expense (including capitalized interest) 18,003 24,816 19,086 20,290 18,903
1/3 of net rent expense 379 368 342 335 302
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Total fixed charges 18,382 25,184 19,428 20,625 19,205
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Earnings (excluding capitalized interest) $28,493 $36,945 $31,476 $28,835 $29,712
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Fixed charges $18,382 $25,184 $19,428 $20,625 $19,205
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Ratio of earnings to fixed charges 1.55 1.47 1.62 1.40 1.55
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