Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

	Three Months
	Ended March 31,						Year Ended December 31,
	2009(1)			2008(1)			2008(1)			2007(1)			2006		2005		2004
	(dollars in millions)
Net income (loss) before income tax expense (benefit) and cumulative effect of changes in accounting principles	$	(10,788	)	$	(571	)	$	(44,561	)	$	(5,985	)	$	2,340	$	2,626	$	3,341
Add:
Low-income housing tax credit partnerships		106			117			453			469			407		320		282
Total interest expense		6,486			8,769			33,332			38,482			37,270		29,899		26,566
Interest factor in rental expenses		2			2			8			7			6		6		6
Earnings (loss), as adjusted	$	(4,194	)	$	8,317		$	(10,768	)	$	32,973		$	40,023	$	32,851	$	30,195
Fixed charges:
Total interest expense	$	6,486		$	8,769		$	33,332		$	38,482		$	37,270	$	29,899	$	26,566
Interest factor in rental expenses		2			2			8			7			6		6		6
Capitalized interest		—			—			—			—			—		—		1
Total fixed charges	$	6,488		$	8,771		$	33,340		$	38,489		$	37,276	$	29,905	$	26,573
Ratio of earnings to fixed charges(2)		—			—			—			—			1.07		1.10		1.14

(1)

For the ratio of earnings to fixed charges to equal 1.00, earnings (loss), as adjusted must increase by $10.7 billion and $0.5 billion for the three months ended March 31, 2009 and March 31, 2008, respectively. For the ratio of earnings to fixed charges to equal 1.00, earnings (loss), as adjusted must increase by $44.1 billion and $5.5 billion for the years ended December 31, 2008 and 2007, respectively.

(2)

Ratio of earnings to fixed charges is computed by dividing earnings (loss), as adjusted by total fixed charges.