Year Ended December 31

(Dollars in millions)

2002

2001

2000

1999

1998

Excluding Interest on Deposits

Income before income taxes

$

12,991

$

10,117

$

11,788

$

12,215

$

8,048

Less: Equity in undistributed earnings of unconsolidated subsidiaries

(6

)

(6

)

(27

)

(167

)

162

Fixed charges:

Interest expense

5,804

9,117

13,806

10,084

9,479

1/3 of net rent expense(1)

383

379

368

342

335

Total fixed charges

6,187

9,496

14,174

10,426

9,814

Preferred dividend requirements

6

7

9

10

40

Fixed charges and preferred dividends

6,193

9,503

14,183

10,436

9,854

Earnings

$

19,172

$

19,607

$

25,935

$

22,474

$

18,024

Ratio of earnings to fixed charges

3.10

2.06

1.83

2.16

1.84

Ratio of earnings to fixed charges and preferred dividends

3.10

2.06

1.83

2.15

1.83

Year Ended December 31

(Dollars in millions)

2002

2001

2000

1999

1998

Including Interest on Deposits

Income before income taxes

$

12,991

$

10,117

$

11,788

$

12,215

$

8,048

Less: Equity in undistributed earnings of unconsolidated subsidiaries

(6

)

(6

)

(27

)

(167

)

162

Fixed charges:

Interest expense

11,238

18,003

24,816

19,086

20,290

1/3 of net rent expense(1)

383

379

368

342

335

Total fixed charges

11,621

18,382

25,184

19,428

20,625

Preferred dividend requirements

6

7

9

10

40

Fixed charges and preferred dividends

11,627

18,389

25,193

19,438

20,665

Earnings

$

24,606

$

28,493

$

36,945

$

31,476

$

28,835

Ratio of earnings to fixed charges

2.12

1.55

1.47

1.62

1.40

Ratio of earnings to fixed charges and preferred dividends

2.12

1.55

1.47

1.62

1.40