Exhibit No. 12.1
MUFG AMERICAS HOLDINGS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
| For the Years Ended December 31, | ||||||||||||||||||||
| (In millions, except ratios) | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
| EXCLUDING INTEREST ON DEPOSITS | ||||||||||||||||||||
| Income (loss) before income taxes and including noncontrolling interests | $ | 1,080 | $ | 844 | $ | 829 | $ | 1,055 | $ | 776 | ||||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest expense, excluding interest on deposits | 170 | 159 | 156 | 155 | 112 | |||||||||||||||
Estimated interest component of net rental expense (a) | 34 | 34 | 26 | 26 | 24 | |||||||||||||||
| Total fixed charges | 204 | 193 | 182 | 181 | 136 | |||||||||||||||
| Income before income taxes and including noncontrolling interests, excluding fixed charges | $ | 1,284 | $ | 1,037 | $ | 1,011 | $ | 1,236 | $ | 912 | ||||||||||
| Ratio of earnings to fixed charges | 6.29 | 5.37 | 5.57 | 6.82 | 6.69 | |||||||||||||||
| INCLUDING INTEREST ON DEPOSITS | ||||||||||||||||||||
| Fixed charges | $ | 204 | $ | 193 | $ | 182 | $ | 181 | $ | 136 | ||||||||||
| Add: Interest on deposits | 238 | 248 | 214 | 204 | 286 | |||||||||||||||
| Total fixed charges including interest on deposits | $ | 442 | $ | 441 | $ | 396 | $ | 385 | $ | 422 | ||||||||||
| Income before income taxes and including noncontrolling interests, excluding fixed charges as above | $ | 1,284 | $ | 1,037 | $ | 1,011 | $ | 1,236 | $ | 912 | ||||||||||
| Add: Interest on deposits | 238 | 248 | 214 | 204 | 286 | |||||||||||||||
| Total earnings before income taxes and including noncontrolling interests, excluding fixed charges, and including interest on deposits | $ | 1,522 | $ | 1,285 | $ | 1,225 | $ | 1,440 | $ | 1,198 | ||||||||||
| Ratio of earnings to fixed charges | 3.44 | 2.91 | 3.09 | 3.74 | 2.84 | |||||||||||||||
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| (a) | The proportion deemed representative of the interest factor. |