Exhibit (12)(b)
 WACHOVIA CORPORATION AND SUBSIDIARIESCOMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGESAND PREFERRED STOCK DIVIDENDS
 ThreeMonthsEnded
    
    
    Years Ended December 31,March 31,(In millions)
    
    
    
    
    
    2008
    
    
    2007
    
    
    2006
    
    
    2005
    
    
    2004
    
    
    2003EXCLUDING INTEREST
ON DEPOSITSPretax
income (loss) from continuing
operations
    
    
    
    
    
    $
    (898
    )
    
    
    8,773
    

    
    11,470
    
    
    
    9,462
    
    
    
    7,633
    
    
    
    6,080Fixed charges, excluding preferred
stock dividends and capitalized
interest
    
    
    
    
    
    
    2,572
    
    
    
    11,458
    

    
    8,189
    
    
    
    4,971
    
    
    
    2,701
    
    
    
    2,309Earnings
    
    
    
    (A)
    
    $
    1,674
    
    
    
    20,231
    

    
    19,659
    
    
    
    14,433
    
    
    
    10,334
    
    
    
    8,389Interest, excluding interest on deposits
    
    
    
    
    
    $
    2,486
    
    
    
    11,140
    

    
    7,897
    
    
    
    4,711
    
    
    
    2,474
    
    
    
    2,113One-third of rents
    
    
    
    
    
    
    86
    
    
    
    318
    

    
    292
    
    
    
    260
    
    
    
    227
    
    
    
    196Preferred stock dividends
    
    
    
    
    
    
    43
    
    
    
    -
    

    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    5Capitalized interest
    
    
    
    
    
    
    -
    
    
    
    -
    

    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -Fixed charges (a)
    
    
    
    (B)
    
    $
    2,615
    
    
    
    11,458
    

    
    8,189
    
    
    
    4,971
    
    
    
    2,701
    
    
    
    2,314Consolidated ratios of earnings to
fixed charges and preferred
stock dividends, excluding interest
on deposits
    
    
    
    (A)/(B)
    
    
    0.64
    X
    
    
    1.77
    

    
    2.40
    
    
    
    2.90
    
    
    
    3.83
    
    
    
    3.63INCLUDING INTEREST
ON DEPOSITSPretax
income (loss) from continuing
operations
    
    
    
    
    
    $
    (898)
    
    
    
    8,773
    

    
    11,470
    
    
    
    9,462
    
    
    
    7,633
    
    
    
    6,080Fixed charges, excluding preferred
stock dividends and capitalized
interest
    
    
    
    
    
    
    5,513
    
    
    
    24,419
    

    
    17,308
    
    
    
    10,268
    
    
    
    5,554
    
    
    
    4,669Earnings
    
    
    
    (C)
    
    $
    4,615
    
    
    
    33,192
    

    
    28,778
    
    
    
    19,730
    
    
    
    13,187
    
    
    
    10,749Interest, including interest on deposits
    
    
    
    
    
    $
    5,427
    
    
    
    24,101
    

    
    17,016
    
    
    
    10,008
    
    
    
    5,327
    
    
    
    4,473One-third of rents
    
    
    
    
    
    
    86
    
    
    
    318
    

    
    292
    
    
    
    260
    
    
    
    227
    
    
    
    196Preferred stock dividends
    
    
    
    
    
    
    43
    
    
    
    -
    

    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    5Capitalized interest
    
    
    
    
    
    
    -
    
    
    
    -
    

    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -Fixed charges (a)
    
    
    
    (D)
    
    $
    5,556
    
    
    
    24,419
    

    
    17,308
    
    
    
    10,268
    
    
    
    5,554
    
    
    
    4,674Consolidated ratios of earnings to
fixed charges  and preferred
stock dividends, including interest
on deposits
    
    
    
    (C)/(D)
    
    
    0.83
    X
    
    
    1.36
    

    
    1.66
    
    
    
    1.92
    
    
    
    2.37
    
    
    
    2.30