BANKAMERICA CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS EXHIBIT 12(B)
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Year Ended December 31
Nine Months Ended -----------------------------------------------------------
(Dollars in Millions) September 30, 1998 1997 1996 1995 1994 1993
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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
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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
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Fixed charges and preferred dividends $ 7,334 $ 8,704 $ 7,696 $ 7,055 $ 5,289 $ 3,442
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Ratio of Earnings to Fixed Charges and
Preferred Dividends 1.84 2.19 2.17 2.12 2.23 2.61
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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
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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
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Fixed charges and preferred dividends $ 15,547 $ 19,388 $ 17,296 $ 17,070 $ 11,800 $ 9,464
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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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