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Exhibit 12.1

UNIONBANCAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES REQUIREMENTS

			For the Years Ended December 31,
(In millions, except ratios)
			2003		2004		2005		2006		2007
EXCLUDING INTEREST ON DEPOSITS
Income before income taxes and effect of accounting changes			$	821	$	1,107	$	1,094	$	1,031	$	863
Fixed Charges:
	Interest expense, excluding interest on deposits			37		38		85		199		283
	One third of rents, net income from subleases(A)			10		13		16		14		16
		Total fixed charges		47		51		101		213		299
Earnings before taxes, fixed charges, and effect of accounting changes, excluding capitalized interest			$	868	$	1,158	$	1,195	$	1,244	$	1,162
Ratio of earnings to fixed charges requirements				18.47		22.71		11.83		5.84		3.89
INCLUDING INTEREST ON DEPOSITS
Fixed charges			$	47	$	51	$	101	$	213	$	299
Add: Interest on deposits				152		147		303		649		991
Total fixed charges including interest on deposits			$	199	$	198	$	404	$	862	$	1,290
Earnings before taxes, fixed charges, and effect of accounting changes, excluding capitalized interest, as above			$	868	$	1,158	$	1,195	$	1,244	$	1,162
Add: Interest on deposits				152		147		303		649		991
Total earnings before taxes, fixed charges, effect of accounting changes, and interest on deposits			$	1,020	$	1,305	$	1,498	$	1,893	$	2,153
Ratio of earnings to fixed charges requirements				5.13		6.59		3.71		2.20		1.67

(A)

The proportion deemed representative of the interest factor.

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Exhibit 12.1

UNIONBANCAL CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES REQUIREMENTS