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Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The Bank of New York Mellon Corporation
Quarter Ended | ||||||
(dollar amounts in millions) | | March 31, 2009 | | March 31, 2008 | ||
Earnings | ||||||
Income from continuing operations before income taxes | $ | 507 | $ | 1,110 | ||
Fixed charges, excluding interest on deposits | 158 | 303 | ||||
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits | 665 | 1,413 | ||||
Interest on deposits | 77 | 615 | ||||
Income from continuing operations before income taxes and fixed charges including interest on deposits | $ | 742 | $ | 2,028 | ||
Fixed charges | ||||||
Interest expense, excluding interest on deposits | $ | 129 | $ | 274 | ||
One-third net rental expense(a) | 29 | 29 | ||||
Total fixed charges, excluding interest on deposits | 158 | 303 | ||||
Interest on deposits | 77 | 615 | ||||
Total fixed charges, including interests on deposits | $ | 235 | $ | 918 | ||
Earnings to fixed charges ratios | ||||||
Excluding interest on deposits | 4.21 | 4.66 | ||||
Including interest on deposits | 3.16 | 2.21 | ||||
(a) | The proportion deemed representative of the interest factor. |