The Bank of New York Mellon Corporation (BK) 10-Q 2012 Q3 Quarterly report

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDEND

The Bank of New York Mellon Corporation

	Quarter ended						Year-to-date
(dollar amounts in millions)	Sept. 30, 2012		June 30 2012		Sept. 30, 2011		Sept. 30 2012		Sept. 30, 2011
Earnings
Income before income taxes	$	975	$	589	$	945	$	2,449	$	2,928
Fixed charges, excluding interest on deposits		118		123		116		372		366
Income before income taxes and fixed charges, excluding interest on deposits		1,093		712		1,061		2,821		3,294
Interest on deposits		36		43		66		122		182
Income before income taxes and fixed charges, including interest on deposits	$	1,129	$	755	$	1,127	$	2,943	$	3,476
Fixed charges
Interest expense, excluding interest on deposits	$	92	$	98	$	87	$	294	$	277
One-third net rental expense(a)		26		25		29		78		89
Total fixed charges, excluding interest on deposits		118		123		116		372		366
Interest on deposits		36		43		66		122		182
Total fixed charges, including interests on deposits	$	154	$	166	$	182	$	494	$	548
Preferred stock dividends	$	5	$	-	$	-	$	5	$	-
Total fixed charges and preferred stock dividends, excluding interest on deposits	$	123	$	123	$	116	$	377	$	366
Total fixed charges and preferred stock dividends, including interest on deposits	$	159	$	166	$	182	$	499	$	548
Earnings to fixed charges ratios
Excluding interest on deposits		9.28		5.77		9.15		7.58		9.01
Including interest on deposits		7.33		4.54		6.18		5.96		6.34
Earnings to fixed charges and preferred stock dividends ratios(b)
Excluding interest on deposits		8.90		5.77		9.15		7.48		9.01
Including interest on deposits		7.10		4.54		6.18		5.89		6.34

(a) The proportion deemed representative of the interest factor.

(b) The Series A preferred stock was issued in the second quarter of 2012. Dividends were paid on the Series A preferred stock in the third quarter of 2012. The Series C preferred stock was issued after the dividends were declared in the third quarter of 2012.