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, 2010 | June 30, 2010 | Sept. 30, 2009 | Sept. 30, 2010 | Sept. 30, 2009 | |||||||||||||||
Earnings | ||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 834 | $ | 1,006 | $ | (3,965 | ) | $ | 2,724 | $ | (2,880 | ) | ||||||||
Fixed charges, excluding interest on deposits | 134 | 123 | 115 | 361 | 405 | |||||||||||||||
Income (loss) from continuing operations before income taxes and fixed charges, excluding interest on deposits | 968 | 1,129 | (3,850 | ) | 3,085 | (2,475 | ) | |||||||||||||
Interest on deposits | 50 | 43 | 25 | 132 | 141 | |||||||||||||||
Income (loss) from continuing operations before income taxes and fixed charges including interest on deposits | $ | 1,018 | $ | 1,172 | $ | (3,825 | ) | $ | 3,217 | $ | (2,334 | ) | ||||||||
Fixed charges | ||||||||||||||||||||
Interest expense, excluding interest on deposits | $ | 107 | $ | 97 | $ | 88 | $ | 283 | $ | 321 | ||||||||||
One-third net rental expense(a) | 27 | 26 | 27 | 78 | 84 | |||||||||||||||
Total fixed charges, excluding interest on deposits | 134 | 123 | 115 | 361 | 405 | |||||||||||||||
Interest on deposits | 50 | 43 | 25 | 132 | 141 | |||||||||||||||
Total fixed charges, including interests on deposits | $ | 184 | $ | 166 | $ | 140 | $ | 493 | $ | 546 | ||||||||||
Earnings to fixed charges ratios | ||||||||||||||||||||
Excluding interest on deposits | 7.24 | 9.17 | (33.50 | ) | 8.54 | (6.10 | ) | |||||||||||||
Including interest on deposits | 5.54 | 7.06 | (27.32 | ) | 6.53 | (4.27 | ) |
(a) | The proportion deemed representative of the interest factor. |