Exhibit 12.2

JPMORGAN CHASE & CO.

Computation of Ratio of Earnings to Fixed Charges
and Preferred Stock Dividend Requirements

Nine months ended September 30, (in millions, except ratios)	2008
Excluding Interest on Deposits
Income before income tax expense and extraordinary gain	$	4,115
Fixed charges:
Interest expense		14,889
One-third of rents, net of income from subleases (a)		349
Total fixed charges		15,238
Add: Equity in undistributed loss of affiliates		497
Income before income tax expense and extraordinary gain and fixed charges, excluding capitalized interest	$	19,850
Fixed charges, as above	$	15,238
Preferred stock dividends (pre-tax)		344
Fixed charges including preferred stock dividends	$	15,582
Ratio of earnings to fixed charges and preferred stock dividend requirements		1.27
Including Interest on Deposits
Fixed charges including preferred stock dividends, as above	$	15,582
Add: Interest on deposits		11,551
Total fixed charges including preferred stock dividends and interest on deposits	$	27,133
Income before income tax expense and extraordinary gain and fixed charges, excluding capitalized interest, as above	$	19,850
Add: Interest on deposits		11,551
Total income before income tax expense and extraordinary gain, fixed charges and interest on deposits	$	31,401
Ratio of earnings to fixed charges and preferred stock dividend requirements		1.16

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