Wachovia Corp New (WBPS) 10-Q 2005 Q2 Quarterly report

Exhibit (12)(b)

WACHOVIA CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
     AND PREFERRED STOCK DIVIDENDS

			Six
			Months
			Ended			Years Ended December 31,
			June 30,
(In millions)			2005			2004		2003		2002		2001		2000
EXCLUDING INTEREST ON DEPOSITS
Pretax income from continuing operations			$	4,862			7,633		6,080		4,667		2,293		632
Fixed charges, excluding preferred stock dividends and capitalized interest				2,246			2,701		2,309		2,414		3,734		4,963
Earnings	(A	)	$	7,108			10,334		8,389		7,081		6,027		5,595
Interest, excluding interest on deposits			$	2,113			2,474		2,113		2,247		3,581		4,828
One-third of rents				133			227		196		167		153		135
Preferred stock dividends				—			—		5		19		6		—
Capitalized interest				—			—		—		—		—		—
Fixed charges (a)	(B	)	$	2,246			2,701		2,314		2,433		3,740		4,963
Consolidated ratios of earnings to fixed charges and preferred stock dividends, excluding interest on deposits	(A)/	(B)		3.16	X		3.83		3.63		2.91		1.61		1.13
INCLUDING INTEREST ON DEPOSITS
Pretax income from continuing operations			$	4,862			7,633		6,080		4,667		2,293		632
Fixed charges, excluding preferred stock dividends and capitalized interest				4,517			5,554		4,669		5,844		8,478		10,232
Earnings	(C	)	$	9,379			13,187		10,749		10,511		10,771		10,864
Interest, including interest on deposits			$	4,384			5,327		4,473		5,677		8,325		10,097
One-third of rents				133			227		196		167		153		135
Preferred stock dividends				—			—		5		19		6		—
Capitalized interest				—			—		—		—		—		—
Fixed charges (a)	(D	)	$	4,517			5,554		4,674		5,863		8,484		10,232
Consolidated ratios of earnings to fixed charges and preferred stock dividends, including interest on deposits	(C)/	(D)		2.08	X		2.37		2.30		1.79		1.27		1.06

(a) The amount of fixed charges do not include other obligations which exist under Financial Accounting Standards Board Interpretation No. 45, “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others”.