Wells Fargo & Company (WFC) 8-K Other Events

EXHIBIT 12(a)
WELLS FARGO & COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	Year ended December 31,
(in millions)	2008		2007		2006		2005		2004
Earnings including interest on deposits(1):
Income before income tax expense	$	3,300	$	11,835	$	12,797	$	11,769	$	10,859
Less: Net income from noncontrolling interests		43		208		147		221		90
Income before income tax expense and noncontrolling interests		3,257		11,627		12,650		11,548		10,769
Fixed charges		9,991		14,428		12,498		7,656		4,017
	$	13,248	$	26,055	$	25,148	$	19,204	$	14,786
Fixed charges (1):
Interest expense	$	9,755	$	14,203	$	12,288	$	7,458	$	3,817
Estimated interest component of net rental expense		236		225		210		198		200
	$	9,991	$	14,428	$	12,498	$	7,656	$	4,017
Ratio of earnings to fixed charges (2)		1.33		1.81		2.01		2.51		3.68
Earnings excluding interest on deposits:
Income before income tax expense and noncontrolling interests	$	3,257	$	11,627	$	12,650	$	11,548	$	10,769
Fixed charges		5,470		6,276		5,324		3,808		2,190
	$	8,727	$	17,903	$	17,974	$	15,356	$	12,959
Fixed charges:
Interest expense	$	9,755	$	14,203	$	12,288	$	7,458	$	3,817
Less interest on deposits		4,521		8,152		7,174		3,848		1,827
Estimated interest component of net rental expense		236		225		210		198		200
	$	5,470	$	6,276	$	5,324	$	3,808	$	2,190
Ratio of earnings to fixed charges (2)		1.60		2.85		3.38		4.03		5.92

(1)

As defined in Item 503(d) of Regulation S-K.

(2)

These computations are included herein in compliance with Securities and Exchange Commission regulations. However, management believes that fixed charge ratios are not meaningful measures for the business of the Company because of two factors. First, even if there was no change in net income, the ratios would decline with an increase in the proportion of income which is tax-exempt or, conversely, they would increase with a decrease in the proportion of income which is tax-exempt. Second, even if there was no change in net income, the ratios would decline if interest income and interest expense increase by the same amount due to an increase in the level of interest rates or, conversely, they would increase if interest income and interest expense decrease by the same amount due to a decrease in the level of interest rates.