Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The Bank of New York Mellon Corporation

	Quarter ended						Year-to-date
(dollar amounts in millions)	June 30, 2012		March 31, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Earnings
Income before income taxes	$	589	$	885	$	1,034	$	1,474	$	1,983
Fixed charges, excluding interest on deposits		123		131		118		254		250
Income before income taxes and fixed charges, excluding interest on deposits		712		1,016		1,152		1,728		2,233
Interest on deposits		43		43		68		86		116
Income before income taxes and fixed charges, including interest on deposits	$	755	$	1,059	$	1,220	$	1,814	$	2,349
Fixed charges
Interest expense, excluding interest on deposits	$	98	$	104	$	88	$	202	$	190
One-third net rental expense (a)		25		27		30		52		60
Total fixed charges, excluding interest on deposits		123		131		118		254		250
Interest on deposits		43		43		68		86		116
Total fixed charges, including interests on deposits	$	166	$	174	$	186	$	340	$	366
Earnings to fixed charges ratios
Excluding interest on deposits		5.77		7.77		9.74		6.80		8.94
Including interest on deposits		4.54		6.09		6.56		5.33		6.42

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