Exhibit 12.1

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO

FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

The Bank of New York Mellon Corporation

		Three Months Ended March 31,					Year Ended December 31,
(dollar amounts in millions)		2010			2009		2009			2008		2007	(a)		2006	(b)		2005	(b)
Earnings
Income from continuing operations before income taxes	$	884		$	572	$	(2,208	)	$	1,946	$	3,215		$	2,170		$	1,978
Fixed charges, excluding interest on deposits		104			157		530			1,024		1,140			867			550
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits		988			729		(1,678	)		2,970		4,355			3,037			2,528
Interest on deposits		39			76		171			1,765		2,378			1,434			839
Income from continuing operations before income taxes and fixed charges, including interest on deposits	$	1,027		$	805	$	(1,507	)	$	4,735	$	6,733		$	4,471		$	3,367
Fixed charges
Interest expense, excluding interest on deposits	$	79		$	128	$	421		$	900	$	1,047		$	807		$	490
One-third net rental expense(c)		25			29		109			120		92			60			60
Total fixed charges, excluding interest on deposits		104			157		530			1,020		1,139			867			550
Interest on deposits		39			76		171			1,765		2,378			1,434			839
Total fixed charges, including interests on deposits	$	143		$	233	$	701		$	2,785	$	3,517		$	2,301		$	1,389
Preferred stock dividends	$	—		$	47	$	283		$	33	$	—		$	—		$	—
Earnings to fixed charges ratios
Excluding interest on deposits		9.48			4.64		(3.16	)		2.91		3.82			3.50			4.60
Including interest on deposits		7.17			3.46		(2.15	)		1.70		1.91			1.94			2.42
Earnings to combined fixed charges and preferred stock dividends ratios
Excluding interest on deposits		9.48	*		4.34		(3.69	)		2.88		3.82	*		3.50	*		4.60	*
Including interest on deposits		7.17	*		7.21		(2.55	)		1.69		1.91	*		1.94	*		2.42	*

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

(b) Results for 2006 and 2005 include legacy The Bank of New York Company, Inc. only.

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

* For the three months ended March 31, 2010 and for each of the years ended December 31, 2007, 2006 and 2005, there were no outstanding shares of preferred stock of The Bank of New York Mellon Corporation, The Bank of New York Company, Inc. and Mellon Financial Corporation, as applicable. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges for those periods.