exv12w2

Exhibit 12.2

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS


	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
Senior preferred stock and preferred stock dividends⁽²⁾		370			272			675			398			270		260		260

Total fixed charges including preferred stock dividends	$	6,858		$	9,043		$	34,015		$	38,887		$	37,546	$	30,165	$	26,833

Ratio of earnings to combined fixed charges and preferred stock dividends⁽³⁾		—			—			—			—			1.07		1.09		1.13


(1)	For the ratio of earnings to combined fixed charges and preferred stock dividends to equal 1.00, earnings (loss), as adjusted must increase by $11.1 billion and $0.7 billion for the three months ended March 31, 2009 and March 31, 2008, respectively. For the ratio of earnings to combined fixed charges and preferred stock dividends to equal 1.00, earnings (loss), as adjusted must increase by $44.8 billion and $5.9 billion for the years ended December 31, 2008 and 2007, respectively.
(2)	Senior preferred stock and preferred stock dividends represent pre-tax earnings required to cover any senior preferred stock and preferred stock dividend requirements computed using our effective tax rate, whenever there is an income tax provision, for the relevant periods.
(3)	Ratio of earnings to combined fixed charges and preferred stock dividends is computed by dividing earnings (loss), as adjusted by total fixed charges including preferred stock dividends.