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)	2010
Excluding interest on deposits
Income before income tax expense	$	17,847
Fixed charges:
Interest expense		6,698
One-third of rents, net of income from subleases (a)		437
Total fixed charges		7,135
Add: Equity in undistributed loss of affiliates		98
Income before income tax expense and fixed charges, excluding capitalized interest	$	25,080
Fixed charges, as above	$	7,135
Preferred stock dividends (pre-tax)		719
Fixed charges including preferred stock dividends	$	7,854
Ratio of earnings to fixed charges and preferred stock dividend requirements		3.19
Including interest on deposits
Fixed charges including preferred stock dividends, as above	$	7,854
Add: Interest on deposits		2,573
Total fixed charges including preferred stock dividends and interest on deposits	$	10,427
Income before income tax expense and fixed charges, excluding capitalized interest, as above	$	25,080
Add: Interest on deposits		2,573
Total income before income tax expense, fixed charges and interest on deposits	$	27,653
Ratio of earnings to fixed charges and preferred stock dividend requirements		2.65

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