exv12

Exhibit 12

Bank of America Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges and Preferred Dividends


	Year Ended December 31
(Dollars in millions)	2010			2009			2008			2007			2006

*Excluding Interest on Deposits*

Income before income taxes	$	(1,323	)	$	4,360		$	4,428		$	20,924		$	31,973
Equity in undistributed earnings of unconsolidated subsidiaries		1,285			(1,833	)		(144	)		(95	)		(315	)
Fixed charges:
Interest expense		19,977			23,000			25,074			34,778			29,514
1/3 of net rent expense ⁽¹⁾		1,099			1,110			791			669			609

Total fixed charges		21,076			24,110			25,865			35,447			30,123
Preferred dividend requirements⁽²⁾		n/m			5,921			1,461			254			33

Fixed charges and preferred dividends		21,076			30,031			27,326			35,701			30,156

Earnings	$	21,038		$	26,637		$	30,149		$	56,276		$	61,781

Ratio of earnings to fixed charges		1.00			1.10			1.17			1.59			2.05

Ratio of earnings to fixed charges and preferred dividends ^(2, 3)		n/m			—			1.10			1.58			2.05


	Year Ended December 31
(Dollars in millions)	2010			2009			2008			2007			2006

*Including Interest on Deposits*

Income before income taxes	$	(1,323	)	$	4,360		$	4,428		$	20,924		$	31,973
Equity in undistributed earnings of unconsolidated subsidiaries		1,285			(1,833	)		(144	)		(95	)		(315	)
Fixed charges:
Interest expense		23,974			30,807			40,324			52,871			43,994
1/3 of net rent expense ⁽¹⁾		1,099			1,110			791			669			609

Total fixed charges		25,073			31,917			41,115			53,540			44,603
Preferred dividend requirements⁽²⁾		n/m			5,921			1,461			254			33

Fixed charges and preferred dividends		25,073			37,838			42,576			53,794			44,636

Earnings	$	25,035		$	34,444		$	45,399		$	74,369		$	76,261

Ratio of earnings to fixed charges		1.00			1.08			1.10			1.39			1.71

Ratio of earnings to fixed charges and preferred dividends ^(2, 3)		n/m			—			1.07			1.38			1.71


⁽¹⁾		Represents an appropriate interest factor.

⁽²⁾		Reflects the impact of the $12.4 billion goodwill impairment charge during 2010 which resulted in a negative preferred dividend requirement.

⁽³⁾		The earnings for 2009 were inadequate to cover fixed charges and preferred stock dividends. The earnings deficiency is a result of the accelerated accretion of $4.0 billion recorded as a result of the repurchase of TARP Preferred Stock. The coverage deficiency for fixed charges and preferred dividends was $3.4 billion.

n/m = not meaningful