|                                    | Six Months Ended              |  |                        
|----------------------------------- | ----------------------------- |  | -----------------------
|                                    | June 30,                      |  | Years Ended December 31
|                                   
|                                    | (dollar amounts in thousands)
|                                   
|                                    | 1999                          |  | 1998                   
|Earnings:                           |                              
|                                   
|Income before income                | $184,058                      |  | $163,833               
|Fixed charges                       | 53,026                        |  | 68,530                 
|                                   
|                                    | $237,084                      |  | $232,363               
|                                   
|Fixed charges:                      |                               |  |                        
|                                   
|Interest expense                    |                               |  |                        
|(other than interest on deposits)   | $53,026                       |  | $68,530                
|Interest factor in rent expense     | --                            |  | --                     
|                                   
|                                    | $53,026                       |  | $68,530                
|                                   
|Ratio of earnings to fixed charges, |                               |  |                        
|excluding interest on deposits      | 4.47                          |  | 3.39                   
|                                   
|                                   
|Including Interest On Deposits,     |                               |  |                        
|                                   
|                                   
|Earnings:                           |                               |  |                        
|                                   
|Income before income taxes          | $184,058                      |  | $163,833               
|Fixed charges                       | 266,019                       |  | 291,717                
|                                   
|                                    | $450,077                      |  | $455,550               
|Fixed charges:                      |                               |  |                        
|                                   
|Interest expense                    | $266,019                      |  | $291,717               
|Interest factor in rent expense     | --                            |  | --                     
|                                   
|                                    | $266,019                      |  | $291,717               
|                                   
|Ratio of earnings to fixed charges, |                               |  |                        
|including interest on deposits      | 1.69                          |  | 1.56                   

The Corporation had no preferred stock outstanding during any period presented.  Accordingly, its ratio of earnings to combined fixed charges and preferred stock dividends is the same as its ratio of earnings to fixed charges.