Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The Bank of New York Mellon Corporation
| Quarter ended | Six months ended | ||||||||||||||||||||||
| (dollar amounts in millions) | June 30, 2007 | March 31, 2007 | June 30, 2006 | June 30, 2007 | June 30, 2006 | ||||||||||||||||||
Earnings | |||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 658 | $ | 645 | $ | 591 | $ | 1,303 | $ | 1,126 | |||||||||||||
Fixed charges, excluding interest on deposits | 240 | 211 | 222 | 451 | 415 | ||||||||||||||||||
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits | 898 | 856 | 813 | 1,754 | 1,541 | ||||||||||||||||||
Interest on deposits | 487 | 400 | 348 | 887 | 646 | ||||||||||||||||||
Income from continuing operations before income taxes and fixed charges including interest on deposits | $ | 1,385 | $ | 1,256 | $ | 1,161 | $ | 2,641 | $ | 2,187 | |||||||||||||
Fixed charges | |||||||||||||||||||||||
Interest expense, excluding interest on deposits | $ | 223 | $ | 194 | $ | 204 | $ | 417 | $ | 380 | |||||||||||||
One-third net rental expense(a) | 17 | 17 | 18 | 34 | 35 | ||||||||||||||||||
Total fixed charges, excluding interest on deposits | 240 | 211 | 222 | 451 | 415 | ||||||||||||||||||
Interest on deposits | 487 | 400 | 348 | 887 | 646 | ||||||||||||||||||
Total fixed charges, including interests on deposits | $ | 727 | $ | 611 | $ | 570 | $ | 1,338 | $ | 1,061 | |||||||||||||
Earnings to fixed charges ratios | |||||||||||||||||||||||
Excluding interest on deposits | 3.74 | 4.06 | 3.66 | 3.89 | 3.71 | ||||||||||||||||||
Including interest on deposits | 1.91 | 2.06 | 2.04 | 1.97 | 2.06 | ||||||||||||||||||
| (a) | The proportion deemed representative of the interest factor. |