EXHIBIT 12.2

JPMORGAN CHASE & CO.

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

Three months ended March 31, (in millions, except ratios)	2010
Excluding interest on deposits
Income before income tax expense	$	4,537
Fixed charges:
Interest expense		2,291
One-third of rents, net of income from subleases (a)		146
Total fixed charges		2,437
Add: Equity in undistributed loss of affiliates		29
Income before income tax expense and fixed charges, excluding capitalized interest	$	7,003
Fixed charges, as above	$	2,437
Preferred stock dividends (pre-tax)		240
Fixed charges including preferred stock dividends	$	2,677
Ratio of earnings to fixed charges and preferred stock dividend requirements		2.62
Including interest on deposits
Fixed charges including preferred stock dividends, as above	$	2,677
Add: Interest on deposits		844
Total fixed charges including preferred stock dividends and interest on deposits	$	3,521
Income before income tax expense and fixed charges, excluding capitalized interest, as above	$	7,003
Add: Interest on deposits		844
Total income before income tax expense, fixed charges and interest on deposits	$	7,847
Ratio of earnings to fixed charges and preferred stock dividend requirements		2.23

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