|                                        | Year      ended December 31 |   |
|---------------------------------------------|-----------------------------|--------|
| (Dollars      in millions)                  | 2008                        |   | 2007 |   | 2006 |   | 2005 |   | 2004 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings(a)                                 | $                           | 5,630  |   | $ | 13,987 |   | $ | 11,849 |   | $ | 10,282 |   | $ | 9,406 |   |
| Plus                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest included in      expense(b)        |                        | 25,202 |   |   | 23,046 |   |   | 18,065 |   |   | 14,117 |   |   | 11,074 |   |
| One-third of rental expense(c)              |                        | 173    |   |   | 338 |   |   | 307 |   |   | 301 |   |   | 281 |   |
| Adjusted      “earnings”        | $                           | 31,005 |   | $ | 37,371 |   | $ | 30,221 |   | $ | 24,700 |   | $ | 20,761 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      Charges:                         |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest included in      expense(b)        | $                           | 25,202 |   | $ | 23,046 |   | $ | 18,065 |   | $ | 14,117 |   | $ | 11,074 |   |
| Interest    capitalized                     |                        | 65     |   |   | 80 |   |   | 77 |   |   | 72 |   |   | 37 |   |
| One-third of rental expense(c)              |                        | 173    |   |   | 338 |   |   | 307 |   |   | 301 |   |   | 281 |   |
| Total      fixed charges                    | $                           | 25,440 |   | $ | 23,464 |   | $ | 18,449 |   | $ | 14,490 |   | $ | 11,392 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges     |                        | 1.22   |   |   | 1.59 |   |   | 1.64 |   |   | 1.70 |   |   | 1.82 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred      stock dividend requirements  | $                           | 1      |   | $ | 1 |   | $ | 1 |   | $ | 1 |   | $ | 1 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings before provision for |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| income taxes to earnings      from          |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| continuing      operations                  |                        | 0.69   |   |   | 1.11 |   |   | 1.14 |   |   | 1.13 |   |   | 1.21 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred      stock dividend factor on     |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| pre tax basis                               |                        | 1      |   |   | 1 |   |   | 1 |   |   | 1 |   |   | 1 |   |
| Fixed      charges                          |                        | 25,440 |   |   | 23,464 |   |   | 18,449 |   |   | 14,490 |   |   | 11,392 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      fixed charges and preferred      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| stock dividend      requirements            | $                           | 25,441 |   | $ | 23,465 |   | $ | 18,450 |   | $ | 14,491 |   | $ | 11,393 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to combined fixed    |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| charges and preferred stock      dividends  |                        | 1.22   |   |   | 1.59 |   |   | 1.64 |   |   | 1.70 |   |   | 1.82 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Earnings      before income taxes, minority interest and discontinued      operations. |   |
|-----|----------------------------------------------------------------------------------------|--------|
| (b) | Included      interest on tax deficiencies.                                            |   |
| (c) | Considered      to be representative of interest factor in rental expense.             |   |

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