BANKAMERICA CORPORATION AND SUBSIDIARIES RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS EXHIBIT 12(B) - ---------------------------------------------------------------------------------------------------------------------------- Year Ended December 31 Nine Months Ended ----------------------------------------------------------- (Dollars in Millions) September 30, 1998 1997 1996 1995 1994 1993 - ---------------------------------------------------------------------------------------------------------------------------- Excluding Interest on Deposits Income before taxes $ 6,177 $ 10,556 $ 9,311 $ 8,377 $ 7,010 $ 6,047 Equity in undistributed losses (earnings) of unconsolidated subsidiaries 13 (49) (7) (19) (55) (42) Fixed charges: Interest expense (including capitalized interest and amortization of debt discount and appropriate issuance costs) 7,048 8,219 7,082 6,354 4,572 2,735 1/3 of net rent expense 249 302 282 275 250 241 -------- -------- -------- -------- -------- -------- Total fixed charges 7,297 8,521 7,364 6,629 4,822 2,976 Preferred dividend requirements 37 183 332 426 467 466 Earnings (excluding capitalized interest) $13,487 $ 19,026 $ 16,668 $ 14,987 $ 11,774 $ 8,979 -------- -------- -------- -------- -------- -------- Fixed charges and preferred dividends $ 7,334 $ 8,704 $ 7,696 $ 7,055 $ 5,289 $ 3,442 -------- -------- -------- -------- -------- -------- Ratio of Earnings to Fixed Charges and Preferred Dividends 1.84 2.19 2.17 2.12 2.23 2.61 ======== ======== ======== ======== ======== ======== Including Interest on Deposits Income before taxes $ 6,177 $ 10,556 $ 9,311 $ 8,377 $ 7,010 $ 6,047 Equity in undistributed losses (earnings) of unconsolidated subsidiaries 13 (49) (7) (19) (55) (42) Fixed charges: Interest expense (including capitalized interest and amortization of debt discount and appropriate issuance costs) 15,261 18,903 16,682 16,369 11,083 8,757 1/3 of net rent expense 249 302 282 275 250 241 -------- -------- -------- -------- -------- -------- Total fixed charges 15,510 19,205 16,964 16,644 11,333 8,998 Preferred dividend requirements 37 183 332 426 467 466 Earnings (excluding capitalized interest) $21,700 $ 29,710 $ 26,268 $ 25,002 $ 18,285 $ 15,001 -------- -------- -------- -------- -------- -------- Fixed charges and preferred dividends $ 15,547 $ 19,388 $ 17,296 $ 17,070 $ 11,800 $ 9,464 -------- -------- -------- -------- -------- -------- Ratio of Earnings to Fixed Charges and Preferred Dividends 1.40 1.53 1.52 1.46 1.55 1.59 ======== ======== ======== ======== ======== ========

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