Exhibit 12.1

SunTrust Banks, Inc.

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

(In thousands)

	For the Nine Months Ended September 30						For the Year Ended December 31
	2006			2005			2005			2004			2003			2002			2001
Ratio 1 - including deposit interest
Earnings:
Income before income taxes and extraordinary gain	$	2,292,169		$	2,136,489		$	2,866,395		$	2,257,026		$	1,909,138		$	1,823,324		$	2,029,440
Fixed charges and preferred stock dividends		3,769,529			2,201,987			3,203,493			1,577,826			1,490,092			1,932,209			3,065,973
Total	$	6,061,698		$	4,338,476		$	6,069,888		$	3,834,852		$	3,399,230		$	3,755,533		$	5,095,413
Fixed charges:
Interest on deposits	$	2,505,994		$	1,231,798		$	1,832,975		$	766,188		$	771,631		$	1,117,296		$	1,812,385
Interest on funds purchased and securities sold under agreements to repurchase		387,963			206,176			312,193			108,591			106,174			140,463			412,218
Interest on other short-term borrowings		60,117			64,250			94,965			30,195			33,511			14,062			63,359
Interest on long-term debt		774,039			661,815			912,210			628,253			537,223			619,667			739,012
Portion of rents representative of the interest factor (1/3) of rental expense		41,416			37,948			51,150			44,599			41,553			40,721			38,999
Preferred stock dividends		—			—			—			—			—			—			—
Total	$	3,769,529		$	2,201,987		$	3,203,493		$	1,577,826		$	1,490,092		$	1,932,209		$	3,065,973
Earnings to fixed charges and preferred stock dividends		1.61	x		1.97	x		1.89	x		2.43	x		2.28	x		1.94	x		1.66	x
Ratio 2 - excluding deposit interest
Earnings:
Income before income taxes and extraordinary gain	$	2,292,169		$	2,136,489		$	2,866,395		$	2,257,026		$	1,909,138		$	1,823,324		$	2,029,440
Fixed charges and preferred stock dividends		1,263,535			970,189			1,370,518			811,638			718,461			814,913			1,253,588
Total	$	3,555,704		$	3,106,678		$	4,236,913		$	3,068,664		$	2,627,599		$	2,638,237		$	3,283,028
Fixed charges:
Interest on funds purchased and securities sold under agreements to repurchase	$	387,963		$	206,176		$	312,193		$	108,591		$	106,174		$	140,463		$	412,218
Interest on other short-term borrowings		60,117			64,250			94,965			30,195			33,511			14,062			63,359
Interest on long-term debt		774,039			661,815			912,210			628,253			537,223			619,667			739,012
Portion of rents representative of the interest factor (1/3) of rental expense		41,416			37,948			51,150			44,599			41,553			40,721			38,999
Preferred stock dividends		—			—			—			—			—			—			—
Total	$	1,263,535		$	970,189		$	1,370,518		$	811,638		$	718,461		$	814,913		$	1,253,588
Earnings to fixed charges and preferred stock dividends		2.81	x		3.20	x		3.09	x		3.78	x		3.66	x		3.24	x		2.62	x