MUFG Americas (UB) 10-K2015 FY Annual report

Filed: 29 Feb 16, 12:00am

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New words: AMA, authenticate, automobile, avoid, Brown, burying, CEA, choose, closest, coincide, commanding, complement, consumption, CRO, Deferral, destructive, diminish, diminishing, ECA, Edmund, enable, enjoy, EU, exact, great, ground, honor, IAA, invalidated, Jose, Jr, malware, mining, modestly, negating, opposed, ordinance, ORMD, output, overarching, proactively, realign, realignment, reallocating, rebuilding, relaxation, remeasure, remeasurement, Republican, Resource, resumption, run, Seattle, sending, sizeable, stance, stephen, TLAC, tool, unsustainable, victim, viewpoint, water

Removed: advertise, aerospace, annum, assessable, aware, big, billable, buying, Cayman, collective, comprise, constant, consulting, consumed, creation, cyber, cybersecurity, dealing, discharged, documentation, domiciled, entertainment, exceeding, finalized, inadequately, interact, lender, mature, notice, perfectly, permissible, permitting, PNC, prohibition, prone, prudently, published, pushed, rebalancing, redeem, redeemable, redeemed, refinance, released, relevance, Relief, repealing, repositioning, Santa, satisfactory, sum, taxpayer, temporary, tenor, trail, trillion, troubled, unionbancal, viewed, virtually, winding

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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)		2015		2014 ⁽¹⁾		2013 ⁽¹⁾		2012 ⁽¹⁾		2011 ⁽¹⁾
Excluding Interest on Deposits
Income (loss) before income taxes and including noncontrolling interests		$	679	$	1,156	$	908	$	882	$	1,109
Fixed Charges:
Interest expense, excluding interest on deposits		221		170		159		156		155
Estimated interest component of net rental expense ⁽²⁾		43		34		34		26		26
Total fixed charges		264		204		193		182		181
Income before income taxes and including noncontrolling interests, excluding fixed charges		$	943	$	1,360	$	1,101	$	1,064	$	1,290
Ratio of earnings to fixed charges		3.57		6.67		5.70		5.85		7.13

Including Interest on Deposits
Fixed charges		$	264	$	204	$	193	$	182	$	181
Add: Interest on deposits		200		238		248		214		204
Total fixed charges including interest on deposits		$	464	$	442	$	441	$	396	$	385
Income before income taxes and including noncontrolling interests, excluding fixed charges as above		$	943	$	1,360	$	1,101	$	1,064	$	1,290
Add: Interest on deposits		200		238		248		214		204
Total earnings before income taxes and including noncontrolling interests, excluding fixed charges, and including interest on deposits		$	1,143	$	1,598	$	1,349	$	1,278	$	1,494
Ratio of earnings to fixed charges		2.46		3.62		3.06		3.23		3.88


(1)	Prior period amounts have been revised to reflect the January 1, 2015 adoption of Accounting Standards Update 2014-01 related to investments in qualified affordable housing projects.


(2)	The proportion deemed representative of the interest factor.

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