- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
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, 2010 | March 31, 2009 | ||||
Earnings | ||||||
Income from continuing operations before income taxes | $ | 884 | $ | 572 | ||
Fixed charges, excluding interest on deposits | 104 | 157 | ||||
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits | 988 | 729 | ||||
Interest on deposits | 39 | 76 | ||||
Income from continuing operations before income taxes and fixed charges including interest on deposits | $ | 1,027 | $ | 805 | ||
Fixed charges | ||||||
Interest expense, excluding interest on deposits | $ | 79 | $ | 128 | ||
One-third net rental expense(a) | 25 | 29 | ||||
Total fixed charges, excluding interest on deposits | 104 | 157 | ||||
Interest on deposits | 39 | 76 | ||||
Total fixed charges, including interests on deposits | $ | 143 | $ | 233 | ||
Earnings to fixed charges ratios | ||||||
Excluding interest on deposits | 9.48 | 4.64 | ||||
Including interest on deposits | 7.17 | 3.46 |
(a) | The proportion deemed representative of the interest factor. |