Exhibit (12)(b)

WACHOVIA CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
  AND PREFERRED STOCK DIVIDENDS

			Six
			Months
			Ended June 30,			Years Ended December 31,
(In millions)			2004			2003		2002		2001		2000		1999
EXCLUDING INTEREST ON DEPOSITS
Pretax income from continuing operations			$	3,705			6,080		4,667		2,293		632		4,831
Fixed charges, excluding preferred stock dividends and capitalized interest				1,126			2,309		2,414		3,734		4,963		3,751
Earnings	(A	)	$	4,831			8,389		7,081		6,027		5,595		8,582
Interest, excluding interest on deposits			$	1,017			2,113		2,247		3,581		4,828		3,645
One-third of rents				109			196		167		153		135		106
Preferred stock dividends				—			5		19		6		—		—
Capitalized interest				—			—		—		—		—		—
Fixed charges (a)	(B	)	$	1,126			2,314		2,433		3,740		4,963		3,751
Consolidated ratios of earnings to fixed charges and preferred stock dividends, excluding interest on deposits	(A)/	(B)		4.29	X		3.63		2.91		1.61		1.13		2.29
INCLUDING INTEREST ON DEPOSITS
Pretax income from continuing operations			$	3,705			6,080		4,667		2,293		632		4,831
Fixed charges, excluding preferred stock dividends and capitalized interest				2,428			4,669		5,844		8,478		10,232		7,805
Earnings	(C	)	$	6,133			10,749		10,511		10,771		10,864		12,636
Interest, including interest on deposits			$	2,319			4,473		5,677		8,325		10,097		7,699
One-third of rents				109			196		167		153		135		106
Preferred stock dividends				—			5		19		6		—		—
Capitalized interest				—			—		—		—		—		—
Fixed charges (a)	(D	)	$	2,428			4,674		5,863		8,484		10,232		7,805
Consolidated ratios of earnings to fixed charges and preferred stock dividends, including interest on deposits	(C)/	(D)		2.53	X		2.30		1.79		1.27		1.06		1.62

(a) The amount of fixed charges do not include other obligations which exist under Financial Accounting Standards Board Interpretation No. 45, “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Others”.