Wachovia Corp New (WBPS) 10-K 2005 FY Annual report

Exhibit (12)(a)

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

		Years Ended December 31,
(In millions)		2005			2004		2003		2002		2001
EXCLUDING INTEREST ON DEPOSITS
Pretax income from continuing operations		$	9,462			7,633		6,080		4,667		2,293
Fixed charges, excluding capitalized interest			4,971			2,701		2,309		2,414		3,734
Earnings	(A)	$	14,433			10,334		8,389		7,081		6,027
Interest, excluding interest on deposits		$	4,711			2,474		2,113		2,247		3,581
One-third of rents			260			227		196		167		153
Capitalized interest			—			—		—		—		—
Fixed charges (a)	(B)	$	4,971			2,701		2,309		2,414		3,734
Consolidated ratios of earnings to fixed charges, excluding interest on deposits	(A)/(B)		2.90	X		3.83		3.63		2.93		1.61
INCLUDING INTEREST ON DEPOSITS
Pretax income from continuing operations		$	9,462			7,633		6,080		4,667		2,293
Fixed charges, excluding capitalized interest			10,268			5,554		4,669		5,844		8,478
Earnings	(C)	$	19,730			13,187		10,749		10,511		10,771
Interest, including interest on deposits		$	10,008			5,327		4,473		5,677		8,325
One-third of rents			260			227		196		167		153
Capitalized interest			—			—		—		—		—
Fixed charges (a)	(D)	$	10,268			5,554		4,669		5,844		8,478
Consolidated ratios of earnings to fixed charges, including interest on deposits	(C)/(D)		1.92	X		2.37		2.30		1.80		1.27

(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 Others”.