eTrade 2003 Annual Report Download - page 137

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The ratio of earnings to fixed charges is computed by dividing fixed charges into income (loss) before income taxes, minority interest,
extraordinary items and the cumulative effect of accounting change less equity in the income (losses) of investments plus fixed charges less the
preference securities dividend requirement of consolidated subsidiaries. Fixed charges include, as applicable, interest expense, amortization of
debt issuance costs, the estimated interest component of rent expense and the preference securities dividend requirement of consolidated
subsidiaries.
Exhibit 21.1
E*TRADE Financial Corporation
Subsidiaries
Excess (deficiency) of earnings to fixed
charges
$
295,520
$
184,870
$
(254,763
)
$
3,290
$
115,962
$
(80,651
)
Converging Arrows, Inc.
ClearStation, Inc.
E*TRADE Financial Corporate Services, Inc.
BRE Holdings, LLC
E*TRADE International Equipment Management Corporation
E*TRADE Asset Management, Inc.
E*TRADE Advisory Services, Inc.
E*TRADE Insurance Services, Inc.
Professional Path, Inc.
E*TRADE Online Ventures, Inc.
E*TRADE Disaster Relief Fund
Confluent, Inc.
E*TRADE Capital, Inc.
Canopy Acquisition Corp.
E*TRADE Technologies Group, LLC
E*TRADE Archipelago Holdings, LLC
Enlight Holdings, LLC
eAdvisor
W&L Aviation, Inc.
BWL Aviation, LLC
Web Street, Inc.
Webstreet.com, Inc.
Web Street Securities, Inc.
E*TRADE Brokerage Holdings, Inc.
E*TRADE Clearing LLC
E*TRADE Securities LLC
E*TRADE Futures LLC
E*TRADE Capital Holdings, Inc.
Tradescape Technology Holdings, Inc.
ETP Technologies, LLC
ETP Holdings, Inc.
Tradescape Securities, LLC
E*TRADE Professional Trading, LLC
Engelman Securities, Inc.
Dempsey & Company, Inc.
Market Traders, Inc.
Chestler Investments, Inc.
Gene R. Inc.
Klobuchar, Inc.
Pelech, Inc.
BJC Investments, Inc.
MASC Delaware, Inc.
Claude, Inc.
Dempsey & Co., LLC
GVR Company, LLC
E*TRADE National Holdings, Inc.
E*TRADE BBH, Inc.
E*TRADE Re, LLC
ETB Holdings, Inc.
E*TRADE Global Asset Management, Inc.
Capitol View, LLC
E*TRADE Mortgage Backed Securities Corporation
Telebanc Capital Trust I
Telebanc Capital Trust II
ETFC Capital Trust I
ETFC Capital Trust II
ETFC Capital Trust III
ETFC Capital Trust IV
ETFC Capital Trust V
ETFC Capital Trust VI
ETFC Capital Trust VII
ETFC Capital Trust VIII
ETFC Capital Trust IX
ETFC Capital Trust X
E*TRADE Bank
TFBC Holdings
Highland REIT
Highland Holdings
E*TRADE Consumer Finance Corporation
Thor Credit Corporation
Deutsche Recreational Asset Funding Corporation
E*TRADE Access, Inc.
ATM Ventures, LLC
CCS Canada, Inc.
E*TRADE Mortgage Corporation
U.S. Raptor One, Inc.
U.S. Raptor Two, Inc.
U.S. Raptor Three, Inc.
E*TRADE Settlement Services, Inc.
LendingLink, LLC
TIR Securities (Australia) Pty Limited
TIR (Australia) Services Pty Limited
Tirade Nominees Pty Limited
Tiresome Nominees Pty Limited