WELLS FARGO FINANCIAL, INC.

Computation of Ratios of Earnings to Fixed Charges

Exhibit 12

 

|                                                                                                                                                                | Years Ended December 31, |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|
| (Thousands of Dollars)                                                                                                                                              |                     |   |   |   |   |
|                                                                                                                                                                | 2000                     | 1999 | 1998 | 1997 | 1996 |
| Net earnings                                                                                                                                                        | $241,054                 | $265,361 | $238,604 | $269,450 | $276,331 |
|                                                                                                                                                                |                     |   |   |   |   |
| Add:                                                                                                                                                                |                     |   |   |   |   |
|    Fixed charges:                                                                                                                                    |                     |   |   |   |   |
|    Interest including   amortization of    debt expense                                                           |                     |   |   |   |   |
|                                                                                                                                                                |                     |   |   |   |
| 639,444                                                                                                                                                             | 520,063                  | 485,784 | 401,736 | 372,859 |
|    One third of rentals*                                                                                                                             | 12,844                   | 13,974 | 13,406 | 12,107 | 10,748 |
|    Total fixed charges                                                                                                                               | 652,288                  | 534,037 | 499,190 | 413,843 | 383,607 |
|    Provision for income  taxes                                                                                                                       | 138,834                  | 149,190 | 121,668 | 144,082 | 148,096 |
|    Total net earnings,   fixed charges and      income  taxes -   “Earnings” |                     |   |   |   |   |
|                                                                                                                                                                |                     |   |   |   |
|                                                                                                                                                                |                     |   |   |   |
| $1,032,176                                                                                                                                                          | $948,588                 | $859,462 | $827,375 | $808,034 |
|                                                                                                                                                                |                     |   |   |   |   |
| Ratio of earnings   to fixed charges                                                                                                                 |                     |   |   |   |   |
| 1.58                                                                                                                                                                | 1.78                     | 1.72 | 2.00 | 2.11 |