| Three months ended March 31, (in millions, except ratios) | 2011 | |||
Excluding interest on deposits | ||||
| Income before income tax expense | $ | 8,057 | ||
| Fixed charges: | ||||
| Interest expense | 2,816 | |||
One-third of rents, net of income from subleases(a) | 140 | |||
| Total fixed charges | 2,956 | |||
| Add: Equity in undistributed loss of affiliates | 26 | |||
| Income before income tax expense and fixed charges, excluding capitalized interest | $ | 11,039 | ||
| Fixed charges, as above | $ | 2,956 | ||
| Ratio of earnings to fixed charges | 3.73 | |||
Including interest on deposits | ||||
| Fixed charges, as above | $ | 2,956 | ||
| Add: Interest on deposits | 922 | |||
| Total fixed charges and interest on deposits | $ | 3,878 | ||
| Income before income tax expense and fixed charges, excluding capitalized interest, as above | $ | 11,039 | ||
| Add: Interest on deposits | 922 | |||
| Total income before income tax expense, fixed charges and interest on deposits | $ | 11,961 | ||
| Ratio of earnings to fixed charges | 3.08 | |||
| (a) | The proportion deemed representative of the interest factor. |
