Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The Bank of New York Mellon Corporation

	Year ended Dec. 31,
(dollar amounts in millions)	2011		2010		2009		2008		2007 (a)
Earnings
Income (loss) from continuing operations before income taxes	$	3,617	$	3,694		$(2,208)	$	1,946	$	3,215
Fixed charges, excluding interest on deposits		480		519		530		1,024		1,140
Income (loss) from continuing operations before income taxes and fixed charges, excluding interest on deposits		4,097		4,213		(1,678)		2,970		4,355
Interest on deposits		241		131		172		1,762		2,366
Income (loss) from continuing operations before income taxes and fixed charges, including interest on deposits	$	4,338	$	4,344		$(1,506)	$	4,732	$	6,721
Fixed charges
Interest expense, excluding interest on deposits		363	$	414		$421	$	900	$	1,047
One-third net rental expense (b)		117		105		109		124		93
Total fixed charges, excluding interest on deposits		480		519		530		1,024		1,140
Interest on deposits		241		131		172		1,762		2,366
Total fixed charges, including interest on deposits	$	721	$	650		$702	$	2,786	$	3,506
Earnings to fixed charges ratios
Excluding interest on deposits		8.53		8.11		(3.16) (c)		2.90		3.82
Including interest on deposits		6.01		6.68		(2.14) (c)		1.70		1.92

(a) Results for 2007 include six months of BNY Mellon and six months of legacy The Bank of New York Company, Inc.

(b) The proportion deemed representative of the interest factor.

(c) Earnings were insufficient to cover fixed charges by $2,208 million.