Exhibit No. 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)	2011		2010		2009			2008		2007
EXCLUDING INTEREST ON DEPOSITS
Income (loss) before income taxes and effect of accounting changes	$	1,081	$	793	$	(226	)	$	412	$	868
Fixed Charges:
Interest expense, excluding interest on deposits		155		112		132			288		278
One third of rents, net income from subleases (A)		26		24		19			16		15
Total fixed charges		181		136		151			304		293
Earnings before taxes, fixed charges, and effect of accounting changes, excluding capitalized interest	$	1,262	$	929	$	(75	)	$	716	$	1,161
Ratio of earnings to fixed charges requirements		6.96		6.81		(0.50	)		2.36		3.96
INCLUDING INTEREST ON DEPOSITS
Fixed charges	$	181	$	136	$	151		$	304	$	293
Add: Interest on deposits		216		290		408			639		991
Total fixed charges including interest on deposits	$	397	$	426	$	559		$	943	$	1,284
Earnings before taxes, fixed charges, and effect of accounting changes, excluding capitalized interest, as above	$	1,262	$	929	$	(75	)	$	716	$	1,161
Add: Interest on deposits		216		290		408			639		991
Total earnings before taxes, fixed charges, effect of accounting changes, and interest on deposits	$	1,478	$	1,219	$	333		$	1,355	$	2,152
Ratio of earnings to fixed charges requirements		3.72		2.86		0.60			1.44		1.68

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