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                   FIRST NATIONWIDE (PARENT) HOLDINGS INC. 
      RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND MINORITY INTEREST 

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                                                              YEAR ENDED DECEMBER 31, 
                                            ---------------------------------------------------------- 
                                                1996         1995        1994       1993        1992 
                                            -----------  ----------  ----------  ---------  ---------- 
<S>                                         <C>          <C>         <C>         <C>        <C>
Fixed charges (excluding interest on 
 deposits): 
Interest on borrowings                       $  429,120    $287,456    $ 98,888   $ 16,700    $ 11,137 
Total fixed charges (excluding interest on 
 deposits)                                      429,120     287,456      98,888     16,700      11,137 
Rent interest factor                              5,044       6,628       1,746        361       2,595 
Income before income taxes, extraordinary 
 item and minority interest                     507,547     122,450      31,928    146,618     215,555 
Earnings                                        941,711     416,534     132,562    163,679     229,287 
Fixed charges (excluding interest on 
 deposits)                                      434,164     294,084     100,634     17,061      13,732 
Minority interest                               161,191      59,138       4,259          0       7,623 
Combined fixed charges (excluding interest 
 on deposits) and minority interest             595,355     353,222     104,893     17,061      21,355 
Ratio of earnings to combined fixed 
 charges (excluding interest on deposits) 
 and minority interest                             1.58x       1.18x       1.26x      9.59x      10.74x 
Fixed charges (including interest on 
 deposits): 
Interest on deposits                         $  419,174    $447,359    $100,957   $ 55,410    $430,933 
Interest on borrowings                          429,120     267,456      98,888     16,700      11,137 
Total fixed charges (including interest on 
 deposits)                                      848,294     734,815     199,845     72,110     442,070 
Rent interest factor                              5,044       6,626       1,746        361       2,595 
Income before income taxes, extraordinary 
 item and minority interest                     507,547     122,450      31,928    146,618     215,555 
Earnings                                      1,360,885     863,893     233,519    219,089     660,220 
Fixed charges (including interest on 
 deposits)                                      853,338     741,443     201,591     72,471     444,665 
Minority interest                               161,191      59,138       4,259          0       7,623 
Combined fixed charges (including interest 
 on deposits) and minority interest           1,014,529     800,581     205,850     72,471     452,288 
Ratio of earnings to combined fixed 
 charges (including interest on deposits) 
 and minority interest                             1.34x       1.08x       1.13x      3.02x       1.46x 
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