Exhibit No. 12.1

UNIONBANCAL CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	For the Years Ended December 31,
(In millions, except ratios)	2012		2011		2010		2009			2008
EXCLUDING INTEREST ON DEPOSITS
Income (loss) before income taxes and including noncontrolling interests	$	830	$	1,081	$	793	$	(226	)	$	412
Fixed Charges:
Interest expense, excluding interest on deposits		156		155		112		132			288
Estimated interest component of net rental expense(a)		26		26		24		19			16
Total fixed charges		182		181		136		151			304
Income before income taxes and including noncontrolling interests, excluding fixed charges	$	1,012	$	1,262	$	929	$	(75	)	$	716
Ratio of earnings to fixed charges		5.57		6.96		6.81		(0.50	)		2.36
INCLUDING INTEREST ON DEPOSITS
Fixed charges	$	182	$	181	$	136	$	151		$	304
Add: Interest on deposits		233		216		290		408			639
Total fixed charges including interest on deposits	$	415	$	397	$	426	$	559		$	943
Income before income taxes and including noncontrolling interests, excluding fixed charges as above	$	1,012	$	1,262	$	929	$	(75	)	$	716
Add: Interest on deposits		233		216		290		408			639
Total earnings before income taxes and including noncontrolling interests, excluding fixed charges, and including interest on deposits	$	1,245	$	1,478	$	1,219	$	333		$	1,355
Ratio of earnings to fixed charges		3.00		3.72		2.86		0.60			1.44

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