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                                                                      EXHIBIT 12

                   Statements Regarding Computation of Ratios

The ratios of income to fixed charges have been computed on the basis of the
total enterprise (as defined by the Commission) by dividing income before fixed
charges and income taxes by fixed charges. Fixed charges consist of interest
expense on all long-term and short-term borrowings, excluding or including
interest on deposits as indicated below. The computations of other ratios are
evident from the information presented in this Form 10-Q and the Corporation's
2000 Annual Report on Form 10-K.

BANK ONE CORPORATION and Subsidiaries
COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

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  (In millions, except ratios)                     First Quarter  Year Ended    Year Ended   Year Ended   Year Ended
                                                        2001       2000 (1)        1999         1998         1997
                                                   ------------- ------------  -----------  -----------  -----------
<S>                                                <C>           <C>           <C>          <C>          <C>
EXCLUDING INTEREST ON DEPOSITS:
   Pretax income from continuing operations....        $  971     $ (1,080)     $ 4,974      $ 4,465      $ 4,427
   Earnings from unconsolidated entities under
     the equity method of accounting...........           (50)        (129)         (47)          34           (6)
   Fixed charges, excluding capitalized interest        1,241        5,198        3,719        3,321        3,196
                                                       ------    ---------      -------      -------      -------
     Adjusted pretax earnings base.............         2,162        3,989        8,646        7,820        7,617

Interest, excluding interest on deposits.......         1,216        5,105        3,622        3,235        3,096
Rental factor..................................            24           93           97           90          100
Capitalized interest...........................             2            9            2            3           (1)
                                                       ------    ---------      -------      -------      -------
     Fixed charges.............................         1,242        5,207        3,721        3,328        3,195
Consolidated ratios of earnings to fixed
   charges, excluding interest on deposits ....          1.7x         0.8x         2.3x         2.3x         2.4x

INCLUDING INTEREST ON DEPOSITS:
   Pretax income from continuing operations....           971       (1,080)       4,974        4,465        4,427
   Earnings from unconsolidated entities under
     the equity method of accounting...........           (50)        (129)         (47)          34           (6)
   Fixed charges, excluding capitalized interest        2,761       11,335        8,370        8,268        8,183
                                                       ------    ---------      -------      -------      -------
     Adjusted pretax earnings base.............         3,682       10,126       13,297       12,767       12,604

Interest, including interest on deposits.......         2,736       11,242        8,273        8,177        8,084
Rental factor..................................            24           93           97           90          100
Capitalized interest...........................             2            9            2            3           (1)
                                                       ------    ---------      -------      -------      -------
     Fixed charges.............................         2,762       11,344        8,372        8,270        8,183
Consolidated ratios of earnings to fixed
   charges, including interest on deposits.....          1.3x         0.9x         1.6x         1.5x         1.5x
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(1)  Results for the year ended December 31, 2000 were insufficient to cover
     fixed charges. The coverage deficiency was approximately $1.2 billion.

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