Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The Bank of New York Mellon Corporation

						Legacy The Bank of New York only
				Year ended Dec. 31,
(dollar amounts in millions)		2008		2007	(a)		2006		2005		2004
Earnings
Income from continuing operations before income taxes	$	1,939	$	3,225		$	2,170	$	1,978	$	1,840
Fixed charges, excluding interest on deposits		1,033		1,154			867		550		314
Income from continuing operations before income taxes and fixed charges, excluding interest on deposits		2,972		4,379			3,037		2,528		2,154
Interest on deposits		1,776		2,389			1,434		839		470
Income from continuing operations before income taxes and fixed charges, including interest on deposits	$	4,748	$	6,768		$	4,471	$	3,367	$	2,624
Fixed charges
Interest expense, excluding interest on deposits	$	911	$	1,062		$	807	$	490	$	260
One-third net rental expense (b)		122		92			60		60		54
Total fixed charges, excluding interest on deposits		1,033		1,154			867		550		314
Interest on deposits		1,776		2,389			1,434		839		470
Total fixed charges, including interests on deposits	$	2,809	$	3,543		$	2,301	$	1,389	$	784
Earnings to fixed charges ratios
Excluding interest on deposits		2.88		3.79			3.50		4.60		6.86
Including interest on deposits		1.69		1.91			1.94		2.42		3.35

(a) Results for 2007 include six months of The Bank of New York Mellon Corporation’s and six months of legacy The Bank of New York Company, Inc.

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