Merrill LYNCH Preferred Funding Iii 10-K 2012 FY Annual report

EXHIBIT 12

MERRILL LYNCH PREFERRED CAPITAL TRUST III

MERRILL LYNCH PREFERRED FUNDING III, L.P.

COMPUTATION OF RATIOS OF EARNINGS TO

COMBINED FIXED CHARGES AND PREFERRED SECURITIES DISTRIBUTIONS (UNAUDITED)

(dollars in thousands)

	FOR THE YEAR ENDED December 31, 2012				FOR THE YEAR ENDED December 31, 2011				FOR THE YEAR ENDED December 31, 2010
	MERRILL LYNCH PREFERRED CAPITAL TRUST III		MERRILL LYNCH PREFERRED FUNDING III, L.P.		MERRILL LYNCH PREFERRED CAPITAL TRUST III		MERRILL LYNCH PREFERRED FUNDING III, L.P.		MERRILL LYNCH PREFERRED CAPITAL TRUST III		MERRILL LYNCH PREFERRED FUNDING III, L.P.
Earnings	$	54,124	$	63,048	$	54,124	$	63,057	$	54,124	$	63,055
Fixed charges	$	—	$	—	$	—	$	—	$	—	$	—
Preferred securities distribution requirements	52,500		54,124		52,500		54,124		52,500		54,124
Total combined fixed charges and preferred securities distribution requirements	$	52,500	$	54,124	$	52,500	$	54,124	$	52,500	$	54,124
Ratio of earnings to combined fixed charges and preferred securities distribution requirements	1.03		1.16		1.03		1.17		1.03		1.17