Exhibit 12.1

SunTrust Banks, Inc.

Ratio of Earnings to Fixed Charges

(In thousands)

							Year Ended December 31
	2003			2002			2001			2000			1999			1998
Ratio 1 - including deposit interest
Earnings:
Income before income taxes and extraordinary gain	$	1,909,138		$	1,823,324		$	2,029,440		$	1,919,556		$	1,695,657		$	1,498,306
Fixed charges		1,490,092			1,932,209			3,065,973			3,775,173			2,852,180			2,784,251
Total	$	3,399,230		$	3,755,533		$	5,095,413		$	5,694,729		$	4,547,837		$	4,282,557
Fixed charges:
Interest on deposits	$	771,631		$	1,117,296		$	1,812,385		$	2,452,919		$	1,626,132		$	1,644,229
Interest on funds purchased and securities sold under agreements to repurchase		106,174			140,463			412,218			651,235			749,561			634,086
Interest on other short-term borrowings		33,511			14,062			63,359			97,903			79,521			127,800
Interest on long-term debt		537,223			619,667			739,012			534,924			359,538			340,664
Portion of rents representative of the interest factor (1/3) of rental expense		41,553			40,721			38,999			38,192			37,428			37,472
Total	$	1,490,092		$	1,932,209		$	3,065,973		$	3,775,173		$	2,852,180		$	2,784,251
Earnings to fixed charges		2.28	x		1.94	x		1.66	x		1.51	x		1.59	x		1.54	x
Ratio 2 - excluding deposit interest
Earnings:
Income before income taxes and extraordinary gain	$	1,909,138		$	1,823,324		$	2,029,440		$	1,919,556		$	1,695,657		$	1,498,306
Fixed charges		718,461			814,913			1,253,588			1,322,254			1,226,048			1,140,022
Total	$	2,627,599		$	2,638,237		$	3,283,028		$	3,241,810		$	2,921,705		$	2,638,328
Fixed charges:
Interest on funds purchased and securities sold under agreements to repurchase	$	106,174		$	140,463		$	412,218		$	651,235		$	749,561		$	634,086
Interest on other short-term borrowings		33,511			14,062			63,359			97,903			79,521			127,800
Interest on long-term debt		537,223			619,667			739,012			534,924			359,538			340,664
Portion of rents representative of the interest factor (1/3) of rental expense		41,553			40,721			38,999			38,192			37,428			37,472
Total	$	718,461		$	814,913		$	1,253,588		$	1,322,254		$	1,226,048		$	1,140,022
Earnings to fixed charges		3.66	x		3.24	x		2.62	x		2.45	x		2.38	x		2.31	x