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                                  EXHIBIT 12.1

   RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
                              (DOLLARS IN MILLIONS)

The  Company's  consolidated  ratios of earnings to combined  fixed  charges
and preferred stock dividends for each of the periods indicated are set forth
below:

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<CAPTION>

                                                                                               Quarter Ended
                                                                 ------------------------------------------------------------------
                                                                 Mar. 31         Dec. 31         Sep. 30      Jun. 3      Mar. 31
                                                                  2000             1999           1999         1999        1999
                                                                  ----             ----           ----         ----        ----
<S>                                                               <C>           <C>
Income before income taxes                                        $    98.1     $    98.6       $  103.3     $  100.2     $  68.7
Combined fixed charges and preferred stock dividends:
    Interest expense on deposits                                      124.3         125.4          121.6        118.5       115.9
    Interest expense on long-term debt                                  3.4           3.4            3.5          3.5         3.5
    Interest expense on guaranteed preferred  beneficial
      interest in Company's junior subordinated debentures             4.6           4.6            4.6          4.6         4.6
    Appropriate portion (1/3) of rent expense                           1.7           2.1            1.9          1.9         1.8
                                                                  ---------     ---------      ---------    ---------     -------
              Total combined fixed charges and
                 preferred stock dividends                        $   134.0     $   135.5       $  131.6     $  128.5     $ 125.8
                                                                  =========     =========       ========     ========     =======

              Total combined fixed charges and
                 preferred stock dividends (excluding interest
                 expense on deposits)                             $     9.7     $    10.1       $   10.0     $   10.0     $   9.9
                                                                  =========     =========       ========     ========     =======

Earnings before income taxes and combined fixed
   charges and preferred stock dividends                          $   232.1     $   234.1       $  234.9     $  228.7     $ 194.5
                                                                  =========     =========       ========     ========     =======
Ratio of earnings to combined fixed charges and
   preferred stock dividends (including interest expense
   on deposits)                                                      1.73 x        1.73 x         1.78 x       1.78  x     1.55 x
                                                                  =========     =========       ========     ========     =======
Ratio of earnings to combined fixed charges and
    preferred stock dividends (excluding interest expense
    on deposits)                                                    11.11 x       10.76 x        11.33 x      11.02  x     7.94 x
                                                                  =========     =========       ========     ========     =======

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