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 YEARS ENDED  DECEMBER 31, 2000, 1999
AND 1998

|                                                              |                                                               | Years Ended December 31,
|------------------------------------------------------------- | ------------------------------------------------------------- | ------------------------
|
|
|CSFB (USA), Inc.                                              |                                                               |                         
|Weighted Average Common Shares:                               |                                                               |                         
|                                                              | Average Common Shares Outstanding                             |                         
|                                                              |                                                               |                         
|Weighted Average Common Shares Outstanding                    |                                                               |                         
|                                                              |                                                               |                         
|Earnings:                                                     |                                                               |                         
|                                                              | Net Income (Loss)                                             |                         
|                                                              | Less:  Preferred Stock Dividend Requirement                   |                         
|                                                              |                                                               |                         
|Earnings (Loss) Applicable to Basic and Diluted Common Shares |                                                               | $                       
|                                                              |                                                               |                         
|Diluted Earnings (Loss) Per Common Share                      |                                                               | $                       
|                                                              |                                                               |                         
|CSFB (USA) Common Stock                                       |                                                               |                         
|Weighted Average Common Shares:                               |                                                               |                         
|                                                              | Average Common Shares Outstanding                             |                         
|                                                              |                                                               |                         
|Weighted Average Common Shares Outstanding                    |                                                               |                         
|                                                              |                                                               |                         
|Earnings:                                                     |                                                               |                         
|                                                              | Net Income (Loss)                                             |                         
|                                                              | Less:  Preferred Stock Dividend Requirement                   |                         
|                                                              | Earnings Applicable to Common Shares
             CSFBdirect |                         
|                                                              |                                                               |                         
|Earnings (Loss) Applicable to Basic and Diluted               |                                                               |                         
|                                                              | Common Shares                                                 |                         
|                                                              |                                                               |                         
|Diluted Earnings (Loss) Per Common Share                      |                                                               | $                       
|                                                              |                                                               |                         
|CSFBdirectCommon Stock                                        |                                                               |                         
|Weighted Average Common Shares:                               |                                                               |                         
|                                                              | Average Common Shares Outstanding                             |                         
|                                                              | Average Common Shares Issuable Under Employee Benefit Plans   |                         
|                                                              |                                                               |                         
|Weighted Average Common Shares Outstanding                    |                                                               |                         
|                                                              |                                                               |                         
|Earnings:                                                     |                                                               |                         
|                                                              | Net Income (Loss)                                             |                         
|                                                              |                                                               |                         
|Earnings Applicable to Common Shares                          |                                                               | $                       
|                                                              |                                                               |                         
|Basic Earnings Per Common Share                               |                                                               | $                       
|                                                              |                                                               |                         

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