Wachovia Corp New (WBPS) 10-Q 2008 Q2 Quarterly report

Exhibit (12)(a)

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

		Six
		Months
		Ended			Years Ended December 31,
		June 30,
(In millions)		2008			2007		2006	2005		2004		2003
EXCLUDING INTEREST ON DEPOSITS
Pretax income (loss) from continuing operations		$	(11,776	)		8,773	11,470		9,462		7,633		6,080
Fixed charges, excluding capitalized interest			4,837			11,458	8,189		4,971		2,701		2,309
Earnings (loss)	(A)	$	(6,939	)		20,231	19,659		14,433		10,334		8,389
Interest, excluding interest on deposits		$	4,666			11,140	7,897		4,711		2,474		2,113
One-third of rents			171			318	292		260		227		196
Capitalized interest			-			-	-		-		-		-
Fixed charges (a)	(B)	$	4,837			11,458	8,189		4,971		2,701		2,309
Consolidated ratios of earnings (loss) to fixed charges, excluding interest on deposits	(A)/(B)		(1.43	)  X		1.77	2.40		2.90		3.83		3.63
INCLUDING INTEREST ON DEPOSITS
Pretax income (loss) from continuing operations		$	(11,776	)		8,773	11,470		9,462		7,633		6,080
Fixed charges, excluding capitalized interest			9,954			24,419	17,308		10,268		5,554		4,669
Earnings (loss)	(C)	$	(1,822	)		33,192	28,778		19,730		13,187		10,749
Interest, including interest on deposits		$	9,783			24,101	17,016		10,008		5,327		4,473
One-third of rents			171			318	292		260		227		196
Capitalized interest			-			-	-		-		-		-
Fixed charges (a)	(D)	$	9,954			24,419	17,308		10,268		5,554		4,669
Consolidated ratios of earnings (loss) to fixed charges, including interest on deposits	(C)/(D)		(0.18	)  X		1.36	1.66		1.92		2.37		2.30

(a) Fixed charges do not include: 1) 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,” and 2) interest on uncertain income tax positions.