EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

		Three Months Ended		Six Months Ended
		June 30,		June 30,
(Dollars in Millions)		2008		2008
Earnings
1.	Net income	$	950	$	2,040
2.	Applicable income taxes, including interest expense related to unrecognized tax positions		386		862
3.	Income before income taxes (1 + 2)	$	1,336	$	2,902
4.	Fixed charges:
	a.  Interest expense excluding interest on deposits*	$	682	$	1,478
	b.  Portion of rents representative of interest and amortization of debt expense		20		40
	c.  Fixed charges excluding interest on deposits (4a + 4b)		702		1,518
	d.  Interest on deposits		458		1,064
	e.  Fixed charges including interest on deposits (4c + 4d)	$	1,160	$	2,582
5.	Amortization of interest capitalized	$	–	$	–
6.	Earnings excluding interest on deposits (3 + 4c + 5)		2,038		4,420
7.	Earnings including interest on deposits (3 + 4e + 5)		2,496		5,484
8.	Fixed charges excluding interest on deposits (4c)		702		1,518
9.	Fixed charges including interest on deposits (4e)		1,160		2,582
Ratio of Earnings to Fixed Charges
10.	Excluding interest on deposits (line 6/line 8)		2.90		2.91
11.	Including interest on deposits (line 7/line 9)		2.15		2.12

* Excludes interest expense related to unrecognized tax positions.