EXHIBIT 12              

Computation of Ratio of Earnings to Fixed Charges

Year Ended December 31 (Dollars in Millions)	2008		2007		2006		2005		2004
Earnings
1. Net income	$	2,946	$	4,324	$	4,751	$	4,489	$	4,167
2. Applicable income taxes, including expense related to unrecognized tax positions		1,087		1,883		2,112		2,082		2,009
3. Income before income taxes (1 + 2)	$	4,033	$	6,207	$	6,863	$	6,571	$	6,176
4. Fixed charges:
a. Interest expense excluding interest on deposits	$	2,805	$	3,693	$	3,133	$	1,937	$	1,171
b. Portion of rents representative of interest		83		76		71		70		69
c. Fixed charges excluding interest on deposits (4a + 4b)		2,888		3,769		3,204		2,007		1,240
d. Interest on deposits		1,881		2,754		2,389		1,559		904
e. Fixed charges including interest on deposits (4c + 4d)	$	4,769	$	6,523	$	5,593	$	3,566	$	2,144
5. Amortization of interest capitalized	$	—	$	—	$	—	$	—	$	—
6. Earnings excluding interest on deposits (3 + 4c + 5)		6,921		9,976		10,067		8,578		7,416
7. Earnings including interest on deposits (3 + 4e + 5)		8,802		12,730		12,456		10,137		8,320
8. Fixed charges excluding interest on deposits (4c)		2,888		3,769		3,204		2,007		1,240
9. Fixed charges including interest on deposits (4e)		4,769		6,523		5,593		3,566		2,144
Ratio of Earnings to Fixed Charges
10. Excluding interest on deposits (line 6/line 8)		2.40		2.65		3.14		4.27		5.98
11. Including interest on deposits (line 7/line 9)		1.85		1.95		2.23		2.84		3.88