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) | Sept. 30, 2011 | June 30, 2011 | Sept. 30, 2010 | Sept. 30, 2011 | Sept. 30, 2010 | |||||||||||||||
Earnings | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 945 | $ | 1,034 | $ | 834 | $ | 2,928 | $ | 2,724 | ||||||||||
Fixed charges, excluding interest on deposits | 116 | 118 | 134 | 366 | 361 | |||||||||||||||
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits | 1,061 | 1,152 | 968 | 3,294 | 3,085 | |||||||||||||||
Interest on deposits | 66 | 68 | 35 | 182 | 91 | |||||||||||||||
Income from continuing operations before income taxes and fixed charges, including interest on deposits | $ | 1,127 | $ | 1,220 | $ | 1,003 | $ | 3,476 | $ | 3,176 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest expense, excluding interest on deposits | $ | 87 | $ | 88 | $ | 106 | $ | 277 | $ | 282 | ||||||||||
One-third net rental expense(a) | 29 | 30 | 28 | 89 | 79 | |||||||||||||||
Total fixed charges, excluding interest on deposits | 116 | 118 | 134 | 366 | 361 | |||||||||||||||
Interest on deposits | 66 | 68 | 35 | 182 | 91 | |||||||||||||||
Total fixed charges, including interests on deposits | $ | 182 | $ | 186 | $ | 169 | $ | 548 | $ | 452 | ||||||||||
Earnings to fixed charges ratios | ||||||||||||||||||||
Excluding interest on deposits | 9.15 | 9.74 | 7.24 | 9.01 | 8.54 | |||||||||||||||
Including interest on deposits | 6.18 | 6.56 | 5.94 | 6.34 | 7.03 |
(a) | The proportion deemed representative of the interest factor. |