Exhibit (12)(b)

WACHOVIA CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

					Years Ended December 31,
(In millions)					2003			2002		2001		2000		1999
EXCLUDING INTEREST ON DEPOSITS
	Pretax income from continuing operations				$	6,080			4,667		2,293		632		4,831
	Fixed charges, excluding preferred stock dividends and capitalized interest					2,309			2,414		3,734		4,963		3,751
		Earnings	(A	)	$	8,389			7,081		6,027		5,595		8,582
Interest, excluding interest on deposits					$	2,113			2,247		3,581		4,828		3,645
One-third of rents						196			167		153		135		106
Preferred stock dividends						5			19		6		—		—
Capitalized interest						—			—		—		—		—
		Fixed charges	(B	)	$	2,314			2,433		3,740		4,963		3,751
Consolidated ratios of earnings to fixed charges, excluding interest on deposits			(A)/(B	)		3.63	X		2.91		1.61		1.13		2.29
INCLUDING INTEREST ON DEPOSITS
	Pretax income from continuing operations				$	6,080			4,667		2,293		632		4,831
	Fixed charges, excluding preferred stock dividends and capitalized interest					4,669			5,844		8,478		10,232		7,805
		Earnings	(C	)	$	10,749			10,511		10,771		10,864		12,636
Interest, including interest on deposits					$	4,473			5,677		8,325		10,097		7,699
One-third of rents						196			167		153		135		106
Preferred stock dividends						5			19		6		—		—
Capitalized interest						—			—		—		—		—
		Fixed charges	(D	)	$	4,674			5,863		8,484		10,232		7,805
Consolidated ratios of earnings to fixed charges, including interest on deposits			(C)/(D	)		2.30	X		1.79		1.27		1.06		1.62