EX-12.1 2 ex121123114.htm EXHIBIT 12.1 EX 12.1 12/31/14



Exhibit No. 12.1

MUFG AMERICAS HOLDINGS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
For the Years Ended December 31,
(In millions, except ratios)
 
2014
 
2013
 
2012
 
2011
 
2010
EXCLUDING INTEREST ON DEPOSITS
 
 

 
 

 
 

 
 

 
 

Income (loss) before income taxes and including noncontrolling interests
 
$
1,080

 
$
844

 
$
829

 
$
1,055

 
$
776

Fixed Charges:
 
 
 
 

 
 

 
 

 
 

Interest expense, excluding interest on deposits
 
170

 
159

 
156

 
155

 
112

Estimated interest component of net rental expense (a)
 
34

 
34

 
26

 
26

 
24

Total fixed charges
 
204

 
193

 
182

 
181

 
136

Income before income taxes and including noncontrolling interests, excluding fixed charges
 
$
1,284

 
$
1,037

 
$
1,011

 
$
1,236

 
$
912

Ratio of earnings to fixed charges
 
6.29

 
5.37

 
5.57

 
6.82

 
6.69

INCLUDING INTEREST ON DEPOSITS
 
 

 
 

 
 

 
 

 
 

Fixed charges
 
$
204

 
$
193

 
$
182

 
$
181

 
$
136

Add: Interest on deposits
 
238

 
248

 
214

 
204

 
286

Total fixed charges including interest on deposits
 
$
442

 
$
441

 
$
396

 
$
385

 
$
422

Income before income taxes and including noncontrolling interests, excluding fixed charges as above
 
$
1,284

 
$
1,037

 
$
1,011

 
$
1,236

 
$
912

Add: Interest on deposits
 
238

 
248

 
214

 
204

 
286

Total earnings before income taxes and including noncontrolling interests, excluding fixed charges, and including interest on deposits
 
$
1,522

 
$
1,285

 
$
1,225

 
$
1,440

 
$
1,198

Ratio of earnings to fixed charges
 
3.44

 
2.91

 
3.09

 
3.74

 
2.84

_______________________________________________________________________________

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