Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

The Bank of New York Mellon Corporation

	Year ended Dec. 31,
(dollar amounts in millions)	2012			2011			2010			2009			2008
Earnings
Income (loss) from continuing operations before income taxes	$	3,302		$	3,617		$	3,694		$	(2,208	)	$	1,946
Net (income) attributable to noncontrolling interests		(78	)		(53	)		(63	)		(1	)		(24	)
Income (loss) from continuing operations before income taxes applicable to shareholders of The Bank of New York Mellon Corporation		3,224			3,564			3,631			(2,209	)		1,922
Fixed charges, excluding interest on deposits		484			480			519			530			1,024
Income (loss) from continuing operations before income taxes and fixed charges, excluding interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation		3,708			4,044			4,150			(1,679	)		2,946
Interest on deposits		154			241			131			172			1,762
Income (loss) from continuing operations before income taxes and fixed charges, including interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation	$	3,862		$	4,285		$	4,281		$	(1,507	)	$	4,708
Fixed charges
Interest expense, excluding interest on deposits	$	380		$	363		$	414		$	421		$	900
One-third net rental expense (a)		104			117			105			109			124
Total fixed charges, excluding interest on deposits		484			480			519			530			1,024
Interest on deposits		154			241			131			172			1,762
Total fixed charges, including interest on deposits		638			721			650			702			2,786
Preferred stock dividends (b)		18			-			-			-			-
Total fixed charges and preferred stock dividends, excluding interest on deposits	$	502		$	480		$	519		$	530		$	1,024
Total fixed charges and preferred stock dividends, including interest on deposits	$	656		$	721		$	650		$	702		$	2,786
Earnings to fixed charges ratios
Excluding interest on deposits		7.66			8.43			8.00			(3.17) (c)			2.88
Including interest on deposits		6.05			5.94			6.59			(2.15) (c)			1.69
Earnings to fixed charges and preferred stock dividends ratios (b)
Excluding interest on deposits		7.39			8.43			8.00			(3.17)(c)			2.88
Including interest on deposits		5.89			5.94			6.59			(2.15)(c)			1.69

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

(b) Dividends were paid in 2012 on the Series A and Series C preferred stock, which were issued in 2012. Series B preferred stock was issued in 2008, but not registered. As such, dividends paid on the Series B preferred stock in 2009 and 2008 are not included in the table above. The Series B preferred stock was repurchased in 2009.

(c) Earnings were insufficient to cover fixed charges by $2,209 million.