The Bank of New York Mellon Corporation (BK) 10-Q 2009 Q3 Quarterly report

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The Bank of New York Mellon Corporation

	Quarter ended							Nine months ended
(dollar amounts in millions)	Sept. 30, 2009			June 30, 2009		Sept. 30, 2008		Sept. 30, 2009			Sept. 30, 2008
Earnings
Income from continuing operations before income taxes	$	(3,965	)	$	513	$	265	$	(2,880	)	$	1,995
Fixed charges, excluding interest on deposits		115			133		233		405			761
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits		(3,850	)		646		498		(2,475	)		2,756
Interest on deposits		25			40		429		141			1,515
Income from continuing operations before income taxes and fixed charges including interest on deposits	$	(3,825	)	$	686	$	927	$	(2,334	)	$	4,271
Fixed charges
Interest expense, excluding interest on deposits	$	88		$	105	$	202	$	321		$	672
One-third net rental expense(a)		27			28		31		84			89
Total fixed charges, excluding interest on deposits		115			133		233		405			761
Interest on deposits		25			40		429		141			1,515
Total fixed charges, including interests on deposits	$	140		$	173	$	662	$	546		$	2,276
Earnings to fixed charges ratios
Excluding interest on deposits		(33.50	)		4.85		2.14		(6.10	)		3.62
Including interest on deposits		(27.32	)		3.96		1.40		(4.27	)		1.88

^(a) The proportion deemed representative of the interest factor.