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) | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
| Excluding Interest on Deposits | ||||||||||||||||||||
| Income (loss) before income taxes and including noncontrolling interests | $ | 1,341 | $ | 768 | $ | 1,111 | $ | 1,082 | $ | 994 | ||||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest expense, excluding interest on deposits | 469 | 345 | 303 | 310 | 326 | |||||||||||||||
Estimated interest component of net rental expense (1) | 38 | 37 | 37 | 36 | 28 | |||||||||||||||
| Total fixed charges | 507 | 382 | 340 | 346 | 354 | |||||||||||||||
| Income before income taxes and including noncontrolling interests, excluding fixed charges | $ | 1,848 | $ | 1,150 | $ | 1,451 | $ | 1,428 | $ | 1,348 | ||||||||||
| Ratio of earnings to fixed charges | 3.64 | 3.01 | 4.27 | 4.13 | 3.81 | |||||||||||||||
| Including Interest on Deposits | ||||||||||||||||||||
| Fixed charges | $ | 507 | $ | 382 | $ | 340 | $ | 346 | $ | 354 | ||||||||||
| Add: Interest on deposits | 194 | 200 | 238 | 248 | 214 | |||||||||||||||
| Total fixed charges including interest on deposits | $ | 701 | $ | 582 | $ | 578 | $ | 594 | $ | 568 | ||||||||||
| Income before income taxes and including noncontrolling interests, excluding fixed charges as above | $ | 1,848 | $ | 1,150 | $ | 1,451 | $ | 1,428 | $ | 1,348 | ||||||||||
| Add: Interest on deposits | 194 | 200 | 238 | 248 | 214 | |||||||||||||||
| Total earnings before income taxes and including noncontrolling interests, excluding fixed charges, and including interest on deposits | $ | 2,042 | $ | 1,350 | $ | 1,689 | $ | 1,676 | $ | 1,562 | ||||||||||
| Ratio of earnings to fixed charges | 2.91 | 2.32 | 2.92 | 2.82 | 2.75 | |||||||||||||||
| (1) | The proportion deemed representative of the interest factor. |