Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The Bank of New York Mellon Corporation

	Quarter ended						Six months ended
(dollar amounts in millions)	June 30, 2008		March 31, 2008		June 30, 2007 (a)		June 30, 2008		June 30, 2007 (a)
Earnings
Income from continuing operations before income taxes	$	614	$	1,110	$	658	$	1,724	$	1,303
Fixed charges, excluding interest on deposits		233		303		240		536		451
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits		847		1,413		898		2,260		1,754
Interest on deposits		477		615		487		1,092		887
Income from continuing operations before income taxes and fixed charges including interest on deposits	$	1,324	$	2,028	$	1,385	$	3,352	$	2,641
Fixed charges
Interest expense, excluding interest on deposits	$	204	$	274	$	223	$	478	$	417
One-third net rental expense (b)		29		29		17		58		34
Total fixed charges, excluding interest on deposits		233		303		240		536		451
Interest on deposits		477		615		487		1,092		887
Total fixed charges, including interests on deposits	$	710	$	918	$	727	$	1,628	$	1,338
Earnings to fixed charges ratios
Excluding interest on deposits		3.64		4.67		3.74		4.22		3.89
Including interest on deposits		1.86		2.21		1.91		2.06		1.97

(a) Legacy The Bank of New York only.

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