Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

The Bank of New York Mellon Corporation

	Three Months Ended March 31,						Year ended Dec. 31,
(dollar amounts in millions)	2013			2012			2012			2011			2010			2009			2008
Earnings
Income (loss) from continuing operations before income taxes	$	809		$	885		$	3,302		$	3,617		$	3,694		$	(2,208	)	$	1,946
Net (income) attributable to noncontrolling interests		(16	)		(12	)		(78	)		(53	)		(63	)		(1	)		(24	)
Income (loss) from continuing operations before income taxes applicable to shareholders of The Bank of New York Mellon Corporation		793			873			3,224			3,564			3,631			(2,209	)		1,922
Fixed charges, excluding interest on deposits		94			131			484			480			519			530			1,024
Income (loss) from continuing operations before income taxes and fixed charges, excluding interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation		887			1,004			3,708			4,044			4,150			(1,679	)		2,946
Interest on deposits		30			43			154			241			131			172			1,762
Income (loss) from continuing operations before income taxes and fixed charges, including interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation	$	917		$	1,047		$	3,862		$	4,285		$	4,281		$	(1,507	)	$	4,708
Fixed charges
Interest expense, excluding interest on deposits	$	66		$	104		$	380		$	363		$	414		$	421		$	900
One-third net rental expense (a)		28			27			104			117			105			109			124
Total fixed charges, excluding interest on deposits		94			131			484			480			519			530			1,024
Interest on deposits		30			43			154			241			131			172			1,762
Total fixed charges, including interest on deposits		124			174			638			721			650			702			2,786
Preferred stock dividends		13			—			18			—			—			283			33
Total fixed charges and preferred stock dividends, excluding interest on deposits	$	107		$	131		$	502		$	480		$	519		$	813		$	1,057
Total fixed charges and preferred stock dividends, including interest on deposits	$	137		$	174		$	656		$	721		$	650		$	985		$	2,819
Earnings to fixed charges ratios
Excluding interest on deposits		9.44			7.66			7.66			8.43			8.00			(3.17	)(b)		2.88
Including interest on deposits		7.40			6.02			6.05			5.94			6.59			(2.15	)(b)		1.69
Earnings to fixed charges and preferred stock dividends ratios
Excluding interest on deposits		8.29			7.66			7.39			8.43			8.00			(2.07	)(b)		2.79
Including interest on deposits		6.69			6.02			5.89			5.94			6.59			(1.53	)(b)		1.67

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

(b) Earnings were insufficient to cover fixed charges by $2,209 million and fixed charges and preferred stock dividends by $2,492 million.