Exhibit (12)(b)
 WACHOVIA CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
 
 NineMonthsEnded
    
    
    Years Ended December 31,September 30,(In millions)
    
    
    
    
    
    2008
    
    
    2007
    
    
    2006
    
    
    2005
    
    
    2004
    
    
    2003EXCLUDING INTEREST
ON DEPOSITSPretax income (loss) from continuing
operations
    
    
    
    
    
    $
    (38,121
    )
    
    
    8,773
    
    
    
    11,470
    
    
    
    9,462
    
    
    
    7,633
    
    
    
    6,080Fixed charges, excluding preferred
stock dividends and capitalized
interest
    
    
    
    
    
    
    7,101
    
    
    
    11,458
    
    
    
    8,189
    
    
    
    4,971
    
    
    
    2,701
    
    
    
    2,309Earnings (loss)
    
    
    (A
    )
    
    $
    (31,020
    )
    
    
    20,231
    
    
    
    19,659
    
    
    
    14,433
    
    
    
    10,334
    
    
    
    8,389Interest, excluding interest on deposits
    
    
    
    
    
    $
    6,844
    
    
    
    11,140
    
    
    
    7,897
    
    
    
    4,711
    
    
    
    2,474
    
    
    
    2,113One-third of rents
    
    
    
    
    
    
    257
    
    
    
    318
    
    
    
    292
    
    
    
    260
    
    
    
    227
    
    
    
    196Preferred stock dividends
    
    
    
    
    
    
    427
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    5Capitalized interest
    
    
    
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -Fixed charges (a)
    
    
    (B
    )
    
    $
    7,528
    
    
    
    11,458
    
    
    
    8,189
    
    
    
    4,971
    
    
    
    2,701
    
    
    
    2,314Consolidated ratios of earnings (loss) to fixed
charges and preferred stock dividends,
excluding interest on deposits
    
    
    (A)/
    (B)
    
    
    (4.12
    ) X
    
    
    1.77
    
    
    
    2.40
    
    
    
    2.90
    
    
    
    3.83
    
    
    
    3.63INCLUDING INTEREST
ON DEPOSITSPretax income (loss) from continuing
operations
    
    
    
    
    
    $
    (38,121
    )
    
    
    8,773
    
    
    
    11,470
    
    
    
    9,462
    
    
    
    7,633
    
    
    
    6,080Fixed charges, excluding preferred
stock dividends and capitalized
interest
    
    
    
    
    
    
    14,449
    
    
    
    24,419
    
    
    
    17,308
    
    
    
    10,268
    
    
    
    5,554
    
    
    
    4,669Earnings (loss)
    
    
    (C
    )
    
    $
    (23,672
    )
    
    
    33,192
    
    
    
    28,778
    
    
    
    19,730
    
    
    
    13,187
    
    
    
    10,749Interest, including interest on deposits
    
    
    
    
    
    $
    14,192
    
    
    
    24,101
    
    
    
    17,016
    
    
    
    10,008
    
    
    
    5,327
    
    
    
    4,473One-third of rents
    
    
    
    
    
    
    257
    
    
    
    318
    
    
    
    292
    
    
    
    260
    
    
    
    227
    
    
    
    196Preferred stock dividends
    
    
    
    
    
    
    427
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    5Capitalized interest
    
    
    
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -
    
    
    
    -Fixed charges (a)
    
    
    (D
    )
    
    $
    14,876
    
    
    
    24,419
    
    
    
    17,308
    
    
    
    10,268
    
    
    
    5,554
    
    
    
    4,674Consolidated ratios of earnings (loss) to fixed
charges and preferred stock dividends,
including interest on deposits
    
    
    (C)/
    (D)
    
    
    (1.59
    ) X
    
    
    1.36
    
    
    
    1.66
    
    
    
    1.92
    
    
    
    2.37
    
    
    
    2.30