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)			2006				2005		2004		2003		2002
EXCLUDING INTEREST ON DEPOSITS
Pretax income from continuing operations				$	11,470			9,462		7,633		6,080		4,667
Fixed charges, excluding preferred stock dividends and capitalized interest					8,189			4,971		2,701		2,309		2,414
Earnings		(A)		$	19,659			14,433		10,334		8,389		7,081
Interest, excluding interest on deposits				$	7,897			4,711		2,474		2,113		2,247
One-third of rents					292			260		227		196		167
Preferred stock dividends					—			—		—		5		19
Capitalized interest					—			—		—		—		—
Fixed charges (a)		(B)		$	8,189			4,971		2,701		2,314		2,433
Consolidated ratios of earnings to fixed charges, excluding interest on deposits	(A)/	(B)			2.40	X		2.90		3.83		3.63		2.91
INCLUDING INTEREST ON DEPOSITS
Pretax income from continuing operations				$	11,470			9,462		7,633		6,080		4,667
Fixed charges, excluding preferred stock dividends and capitalized interest					17,308			10,268		5,554		4,669		5,844
Earnings		(C)		$	28,778			19,730		13,187		10,749		10,511
Interest, including interest on deposits				$	17,016			10,008		5,327		4,473		5,677
One-third of rents					292			260		227		196		167
Preferred stock dividends					—			—		—		5		19
Capitalized interest					—			—		—		—		—
Fixed charges (a)		(D)		$	17,308			10,268		5,554		4,674		5,844
Consolidated ratios of earnings to fixed charges, including interest on deposits	(C)/	(D)			1.66	X		1.92		2.37		2.30		1.79

(a) The amount of fixed charges do not include other obligations which exist under Financial Accounting Standards Board Interpretation No. 45, “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Others”.