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, 2011 | March 31, 2011 | June 30, 2010 | June 30, 2011 | June 30, 2010 | |||||||||||||||
Earnings | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 1,034 | $ | 949 | $ | 1,006 | $ | 1,983 | $ | 1,890 | ||||||||||
Fixed charges, excluding interest on deposits | 119 | 132 | 123 | 251 | 227 | |||||||||||||||
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits | 1,153 | 1,081 | 1,129 | 2,234 | 2,117 | |||||||||||||||
Interest on deposits | 106 | 67 | 43 | 173 | 82 | |||||||||||||||
Income from continuing operations before income taxes and fixed charges, including interest on deposits | $ | 1,259 | $ | 1,148 | $ | 1,172 | $ | 2,407 | $ | 2,199 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest expense, excluding interest on deposits | $ | 89 | $ | 102 | $ | 97 | $ | 191 | $ | 176 | ||||||||||
One-third net rental expense(a) | 30 | 30 | 26 | 60 | 51 | |||||||||||||||
Total fixed charges, excluding interest on deposits | 119 | 132 | 123 | 251 | 227 | |||||||||||||||
Interest on deposits | 106 | 67 | 43 | 173 | 82 | |||||||||||||||
Total fixed charges, including interests on deposits | $ | 225 | $ | 199 | $ | 166 | $ | 424 | $ | 309 | ||||||||||
Earnings to fixed charges ratios | ||||||||||||||||||||
Excluding interest on deposits | 9.74 | 8.23 | 9.17 | 8.94 | 9.31 | |||||||||||||||
Including interest on deposits | 5.61 | 5.78 | 7.06 | 5.69 | 7.11 |
(a) | The proportion deemed representative of the interest factor. |