Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The Bank of New York Mellon Corporation

	Quarter ended						Six months ended
(dollar amounts in millions)	June 30, 2010		March 31, 2010		June 30, 2009		June 30, 2010		June 30, 2009
Earnings
Income from continuing operations before income taxes	$	1,006	$	884	$	513	$	1,890	$	1,085
Fixed charges, excluding interest on deposits		123		104		133		227		290
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits		1,129		988		646		2,117		1,375
Interest on deposits		43		39		40		82		116
Income from continuing operations before income taxes and fixed charges including interest on deposits	$	1,172	$	1,027	$	686	$	2,199	$	1,491
Fixed charges
Interest expense, excluding interest on deposits	$	97	$	79	$	105	$	176	$	233
One-third net rental expense (a)		26		25		28		51		57
Total fixed charges, excluding interest on deposits		123		104		133		227		290
Interest on deposits		43		39		40		82		116
Total fixed charges, including interests on deposits	$	166	$	143	$	173	$	309	$	406
Earnings to fixed charges ratios
Excluding interest on deposits		9.17		9.48		4.85		9.31		4.73
Including interest on deposits		7.06		7.17		3.96		7.11		3.67

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