EX-12.1 5 d267584dex121.htm STATEMENT OF COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES Statement of computations of ratios of earnings to fixed charges

Exhibit 12.1

RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED

CHARGES AND PREFERRED STOCK DIVIDENDS

 

     Year Ended December 31,      Nine Months
Ended		  
     2006      2007      2008      2009      2010      September 30,
2011		  
                   (Dollars in millions)         

Ratio of earnings to fixed charges

      7.11         6.97         N/A         N/A         8.71         11.22   

Ratio of earnings to combined fixed charges and preferred stock dividends

      6.91         6.78         N/A         N/A         8.71         11.22   

Insufficiency of earnings to cover fixed charges

      N/A         N/A       $ 4,208       $ 4,574         N/A         N/A   

Insufficiency of earnings to cover combined fixed charges and preferred stock dividends

      N/A         N/A       $ 4,217       $ 4,574         N/A         N/A   

 

N/A means not applicable.