| Three months ended March 31, (in millions, except ratios) | 2009 | |||
Excluding interest on deposits | ||||
| Income before income tax expense and extraordinary gain | $ | 3,056 | ||
| Fixed charges: | ||||
| Interest expense | 2,873 | |||
One-third of rents, net of income from subleases(a) | 143 | |||
| Total fixed charges | 3,016 | |||
| Add: Equity in undistributed loss of affiliates | 34 | |||
| Income before income tax expense and extraordinary gain and fixed charges, excluding capitalized interest | $ | 6,106 | ||
| Fixed charges, as above | $ | 3,016 | ||
| Preferred stock dividends (pre-tax) | 750 | |||
| Fixed charges including preferred stock dividends | $ | 3,766 | ||
| Ratio of earnings to fixed charges and preferred stock dividend requirements | 1.62 | |||
Including interest on deposits | ||||
| Fixed charges including preferred stock dividends, as above | $ | 3,766 | ||
| Add: Interest on deposits | 1,686 | |||
| Total fixed charges including preferred stock dividends and interest on deposits | $ | 5,452 | ||
| Income before income tax expense and extraordinary gain and fixed charges, excluding capitalized interest, as above | $ | 6,106 | ||
| Add: Interest on deposits | 1,686 | |||
| Total income before income tax expense and extraordinary gain, fixed charges and interest on deposits | $ | 7,792 | ||
| Ratio of earnings to fixed charges and preferred stock dividend requirements | 1.43 | |||
| (a) | The proportion deemed representative of the interest factor. |
