EXHIBIT 11.2

CSFB (USA), INC.  SCHEDULE OF COMPUTATION OF WEIGHTED AVERAGE NUMBER OF  COMMON SHARES AND COMMON SHARE EQUIVALENTS OUTSTANDING  AND DILUTED EARNINGS PER SHARE FOR THE QUARTERS AND SIX MONTHS ENDED
JUNE 30, 2001 AND 2000  (in thousands, except share and per share data)

|                                                       |                                                              | Quarters Ended
June 30, |                                                        | Six Months Ended
June 30,
|------------------------------------------------------ | ------------------------------------------------------------ | ----------------------- | ------------------------------------------------------ | -------------------------
|
|CSFB (USA), Inc.                                       |                                                              |                         |                                                        |                          
|Weighted Average Common Shares:                        |                                                              |                         |                                                        |                          
|                                                       | Average Common Shares Outstanding                            |                         |                                                        | 1,000                    
|                                                       |                                                              |                         |                                                        |                          
|Weighted Average Common Shares Outstanding             |                                                              |                         | 1,000                                                  |                          
|                                                       |                                                              |                         |                                                        |                          
|Earnings:                                              |                                                              |                         |                                                        |                          
|                                                       | Net Income                                                   |                         | $                                                      | 69,029                   
|                                                       | Less:  Preferred Stock Dividend Requirement                  |                         |                                                        | 5,289                    
|                                                       |                                                              |                         |                                                        |                          
|Earnings Applicable to Basic and Diluted Common Shares |                                                              | $                       | 63,740                                                 |                          
|                                                       |                                                              |                         |                                                        |                          
|Diluted Earnings Per Common Share                      |                                                              | $                       | 63,740                                                 |                          
|                                                       |                                                              |                         |                                                        |                          
|CSFB (USA) Common Stock                                |                                                              |                         |                                                        |                          
|Weighted Average Common Shares:                        |                                                              |                         |                                                        |                          
|                                                       | Average Common Shares Outstanding                            |                         |                                                        | 1,000                    
|                                                       |                                                              |                         |                                                        |                          
|Weighted Average Common Shares Outstanding             |                                                              |                         | 1,000                                                  |                          
|                                                       |                                                              |                         |                                                        |                          
|Earnings:                                              |                                                              |                         |                                                        |                          
|                                                       | Net Income                                                   |                         | $                                                      | 69,029                   
|                                                       | Less:  Preferred Stock Dividend Requirement                  |                         |                                                        | 5,289                    
|                                                       |                                                              |                         | Earnings (Loss) Applicable to Common
Shares-CSFBdirect |                          
|                                                       |                                                              |                         |                                                        |                          
|Earnings Applicable to Basic and Diluted Common Shares |                                                              | $                       | 68,982                                                 |                          
|                                                       |                                                              |                         |                                                        |                          
|Diluted Earnings Per Common Share                      |                                                              | $                       | 68,982                                                 |                          
|                                                       |                                                              |                         |                                                        |                          
|CSFBdirectCommon Stock                                 |                                                              |                         |                                                        |                          
|Weighted Average Common Shares:                        |                                                              |                         |                                                        |                          
|                                                       | Average Common Shares Outstanding                            |                         |                                                        | 18,400,000               
|                                                       | Average Common Shares Issuable
Under Employee Benefits Plans |                         |                                                        | 0                        
|                                                       |                                                              |                         |                                                        |                          
|                                                       |                                                              |                         | 18,400,000                                             |                          
|                                                       |                                                              |                         |                                                        |                          
|Earnings:                                              |                                                              |                         |                                                        |                          
|                                                       | Net Income (Loss)                                            |                         | $                                                      | (5,242                   
|                                                       |                                                              |                         |                                                        |                          
|Earnings (Loss) Applicable to Common Shares            |                                                              | $                       | (5,242                                                 | )                        
|                                                       |                                                              |                         |                                                        |                          
|Diluted Earnings (Loss) Per Common Share               |                                                              | $                       | (0.28                                                  | )                        
|                                                       |                                                              |                         |                                                        |                          

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