Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The Bank of New York Mellon Corporation
Quarter ended | Year-to-date | |||||||||||||||||||
(dollar amounts in millions) | June 30, 2012 | March 31, 2012 | June 30, 2011 | June 30, 2012 | June 30, 2011 | |||||||||||||||
Earnings | ||||||||||||||||||||
Income before income taxes | $ | 589 | $ | 885 | $ | 1,034 | $ | 1,474 | $ | 1,983 | ||||||||||
Fixed charges, excluding interest on deposits | 123 | 131 | 118 | 254 | 250 | |||||||||||||||
Income before income taxes and fixed charges, excluding interest on deposits | 712 | 1,016 | 1,152 | 1,728 | 2,233 | |||||||||||||||
Interest on deposits | 43 | 43 | 68 | 86 | 116 | |||||||||||||||
Income before income taxes and fixed charges, including interest on deposits | $ | 755 | $ | 1,059 | $ | 1,220 | $ | 1,814 | $ | 2,349 | ||||||||||
Fixed charges | ||||||||||||||||||||
Interest expense, excluding interest on deposits | $ | 98 | $ | 104 | $ | 88 | $ | 202 | $ | 190 | ||||||||||
One-third net rental expense(a) | 25 | 27 | 30 | 52 | 60 | |||||||||||||||
Total fixed charges, excluding interest on deposits | 123 | 131 | 118 | 254 | 250 | |||||||||||||||
Interest on deposits | 43 | 43 | 68 | 86 | 116 | |||||||||||||||
Total fixed charges, including interests on deposits | $ | 166 | $ | 174 | $ | 186 | $ | 340 | $ | 366 | ||||||||||
Earnings to fixed charges ratios | ||||||||||||||||||||
Excluding interest on deposits | 5.77 | 7.77 | 9.74 | 6.80 | 8.94 | |||||||||||||||
Including interest on deposits | 4.54 | 6.09 | 6.56 | 5.33 | 6.42 |
(a) | The proportion deemed representative of the interest factor. |