|                                        | Year      ended December 31 |   |
|---------------------------------------------|-----------------------------|--------|
| (Dollars      in millions)                  | 2007                        |   | 2006 |   | 2005 |   | 2004 |   | 2003 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings(a)                                 | $                           | 13,973 |   | $ | 11,891 |   | $ | 10,352 |   | $ | 9,508 |   | $ | 7,117 |   |
| Plus                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest included in      expense(b)        |                        | 23,071 |   |   | 18,082 |   |   | 14,134 |   |   | 11,077 |   |   | 9,924 |   |
| One-third of rental expense(c)              |                        | 341    |   |   | 309 |   |   | 304 |   |   | 284 |   |   | 250 |   |
| Adjusted      “earnings”        | $                           | 37,385 |   | $ | 30,282 |   | $ | 24,790 |   | $ | 20,869 |   | $ | 17,291 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      Charges:                         |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest included in      expense(b)        | $                           | 23,071 |   | $ | 18,082 |   | $ | 14,134 |   | $ | 11,077 |   | $ | 9,924 |   |
| Interest    capitalized                     |                        | 80     |   |   | 77 |   |   | 72 |   |   | 37 |   |   | 23 |   |
| One-third of rental expense(c)              |                        | 341    |   |   | 309 |   |   | 304 |   |   | 284 |   |   | 250 |   |
| Total      fixed charges                    | $                           | 23,492 |   | $ | 18,468 |   | $ | 14,510 |   | $ | 11,398 |   | $ | 10,197 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges     |                        | 1.59   |   |   | 1.64 |   |   | 1.71 |   |   | 1.83 |   |   | 1.70 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred      stock dividend requirements  | $                           | 1      |   | $ | 1 |   | $ | 1 |   | $ | 1 |   | $ | 1 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings before provision for |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| income taxes to earnings      from          |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| continuing      operations                  |                        | 1.11   |   |   | 1.14 |   |   | 1.13 |   |   | 1.22 |   |   | 1.19 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred      stock dividend factor on     |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| pre tax basis                               |                        | 1      |   |   | 1 |   |   | 1 |   |   | 1 |   |   | 1 |   |
| Fixed      charges                          |                        | 23,492 |   |   | 18,468 |   |   | 14,510 |   |   | 11,398 |   |   | 10,197 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      fixed charges and preferred      |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| stock dividend      requirements            | $                           | 23,493 |   | $ | 18,469 |   | $ | 14,511 |   | $ | 11,399 |   | $ | 10,198 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to combined fixed    |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| charges and preferred stock      dividends  |                        | 1.59   |   |   | 1.64 |   |   | 1.71 |   |   | 1.83 |   |   | 1.70 |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                        |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (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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