Merrill LYNCH Preferred Funding Iv 10-Q 2012 Q3 Quarterly report

EXHIBIT 12

MERRILL LYNCH PREFERRED CAPITAL TRUST IV

MERRILL LYNCH PREFERRED FUNDING IV, L.P.

COMPUTATION OF RATIOS OF EARNINGS TO

COMBINED FIXED CHARGES AND PREFERRED SECURITIES DISTRIBUTIONS (UNAUDITED)

(dollars in thousands)

	FOR THE THREE MONTHS ENDED September 30, 2012				FOR THE THREE MONTHS ENDED September 30, 2011
	MERRILL LYNCH PREFERRED CAPITAL TRUST IV		MERRILL LYNCH PREFERRED FUNDING IV, L.P.		MERRILL LYNCH PREFERRED CAPITAL TRUST IV		MERRILL LYNCH PREFERRED FUNDING IV, L.P.
Earnings	$	7,341	$	8,551	$	7,341	$	8,553
Fixed charges	$	—	$	—	$	—	$	—
Preferred securities distribution requirements	7,120		7,341		7,120		7,341
Total combined fixed charges and preferred securities distribution requirements	$	7,120	$	7,341	$	7,120	$	7,341
Ratio of earnings to combined fixed charges and preferred securities distribution requirements	1.03		1.16		1.03		1.17
	FOR THE NINE MONTHS ENDED September 30, 2012				FOR THE NINE MONTHS ENDED September 30, 2011
	MERRILL LYNCH PREFERRED CAPITAL TRUST IV		MERRILL LYNCH PREFERRED FUNDING IV, L.P.		MERRILL LYNCH PREFERRED CAPITAL TRUST IV		MERRILL LYNCH PREFERRED FUNDING IV, L.P.
Earnings	$	22,021	$	25,651	$	22,021	$	25,657
Fixed charges	$	—	$	—	$	—	$	—
Preferred securities distribution requirements	21,360		22,021		21,360		22,021
Total combined fixed charges and preferred securities distribution requirements	$	21,360	$	22,021	$	21,360	$	22,021
Ratio of earnings to combined fixed charges and preferred securities distribution requirements	1.03		1.16		1.03		1.17