Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K Republic New York Corporation 172± 769K
2: EX-3.B Articles Supplementary to Articles of Incorp. 4 19K
3: EX-10.D.I Employment Agreement With Robert Cohen 10 39K
4: EX-10.D.II Employment Agreement With George Wendler 9 29K
5: EX-10.E Consulting Agreement With Walter H. Weiner 7 20K
6: EX-11 Computation Os Earnings Per Share of Common Stock 2± 11K
7: EX-12 Computation of Ratios of Earnings to Fixed Charges 2± 10K
8: EX-21 Subsidiaries of the Corporation 2± 12K
9: EX-23 Consent of Kpmg Peat Marwick LLP 1 8K
10: EX-23.A Consent of Kpmg Audit, Reviseurs D' Enterprises 1 9K
11: EX-24 Power of Attorney 1 8K
12: EX-27 Financial Data Schedule 2± 8K
EX-12 — Computation of Ratios of Earnings to Fixed Charges
CALCULATION OF RATIOS OF EARNINGS TO EXHIBIT 12
FIXED CHARGES-CONSOLIDATED
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YEARS ENDED DECEMBER 31,
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1997 1996 1995 1994 1993
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($ IN THOUSANDS)
EXCLUDING INTEREST ON DEPOSITS
Fixed Charges:
Interest on long-term debt and short-term
borrowings $ 731,003 $ 588,693 $ 489,697 $ 499,065 $ 467,841
One-third of rent expense 14,137 14,495 13,651 14,412 10,859
---------- ---------- ---------- ---------- ----------
Total fixed charges $ 745,140 $ 603,188 $ 503,348 $ 513,477 $ 478,700
========== ========== ========== ========== ==========
Earnings:
Income before income taxes $ 636,330 $ 590,546 $ 398,115 $ 492,366 $ 451,358
Fixed charges 745,140 603,188 503,348 513,477 478,700
---------- ---------- ---------- ---------- ----------
Total earnings $1,381,470 $1,193,734 $ 901,463 $1,005,843 $ 930,058
========== ========== ========== ========== ==========
Ratio of earnings to fixed charges excluding
interest on deposits 1.85x 1.98x 1.79x 1.96x 1.94x
INCLUDING INTEREST ON DEPOSITS
Fixed Charges:
Interest on long-term debt, short-term
borrowings and deposits $2,182,026 $1,870,898 $1,627,772 $1,326,855 $1,157,075
One-third of rent expense 14,137 14,495 13,651 14,412 10,859
---------- ---------- ---------- ---------- ----------
Total fixed charges $2,196,163 $1,885,393 $1,641,423 $1,341,267 $1,167,934
========== ========== ========== ========== ==========
Earnings:
Income before income taxes $ 636,330 $ 590,546 $ 398,115 $ 492,366 $ 451,358
Fixed charges 2,196,163 1,885,393 1,641,423 1,341,267 1,167,934
---------- ---------- ---------- ---------- ----------
Total earnings $2,832,493 $2,475,939 $2,039,538 $1,833,633 $1,619,292
========== ========== ========== ========== ==========
Ratio of earnings to fixed charges including
interest on deposits 1.29x 1.31x 1.24x 1.37x 1.39x
For the purpose of computing the consolidated ratio of earnings to fixed
charges, earnings represent consolidated income before income taxes plus fixed
charges. Fixed charges excluding interest on deposits consist of interest on
long-term debt and short-term borrowings and one-third of rental expense (which
is deemed representative of the interest factor). Fixed charges including
interest on deposits consist of the foregoing items plus interest on deposits.
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