EXHIBIT 12(b)
WELLS FARGO & COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS

			Quarter				Six months
			ended June 30,				ended June 30,
(in millions)	2010		2009		2010		2009
Earnings including interest on deposits (1):
Income before income tax expense	$	4,659		4,724		8,660		9,365
Less: Net income from noncontrolling interests		83		77		136		121
Income before income tax expense and noncontrolling interests		4,576		4,647		8,524		9,244
Fixed charges		2,131		2,665		4,332		5,732
		6,707		7,312		12,856		14,976
Preferred dividend requirement		184		597		359		1,258
Tax factor (based on effective tax rate)		1.49		1.47		1.52		1.49
Preferred dividends (2)		275		878		546		1,874
Fixed charges (1):
Interest expense		2,023		2,537		4,101		5,474
Estimated interest component of net rental expense		108		128		231		258
		2,131		2,665		4,332		5,732
Fixed charges and preferred dividends		2,406		3,543		4,878		7,606
Ratio of earnings to fixed charges and preferred dividends (3)		2.79		2.06		2.64		1.97
Earnings excluding interest on deposits:
Income before income tax expense and noncontrolling interests		4,576		4,647		8,524		9,244
Fixed charges		1,417		1,708		2,883		3,776
		5,993		6,355		11,407		13,020
Preferred dividends (2)		275		878		546		1,874
Fixed charges:
Interest expense		2,023		2,537		4,101		5,474
Less: Interest on deposits		714		957		1,449		1,956
Estimated interest component of net rental expense		108		128		231		258
		1,417		1,708		2,883		3,776
Fixed charges and preferred dividends	$	1,692		2,586		3,429		5,650
Ratio of earnings to fixed charges and preferred dividends (3)		3.54		2.46		3.33		2.30

(1)	As defined in Item 503(d) of Regulation S-K.
(2)	The preferred dividends, including accretion, were increased to amounts representing the pretax earnings that would be required to cover such dividend and accretion requirements.
(3)	These computations are included herein in compliance with Securities and Exchange Commission regulations. However, management believes that fixed charge ratios are not meaningful measures for the business of the Company because of two factors. First, even if there was no change in net income, the ratios would decline with an increase in the proportion of income which is tax-exempt or, conversely, they would increase with a decrease in the proportion of income which is tax-exempt. Second, even if there was no change in net income, the ratios would decline if interest income and interest expense increase by the same amount due to an increase in the level of interest rates or, conversely, they would increase if interest income and interest expense decrease by the same amount due to a decrease in the level of interest rates.