Exhibit 12.2

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Mellon Financial Corporation

and its subsidiaries



|                                                                                                                                                                   |  |               |      |              |   |                   |  |   |      |               |  |               |   |       |  |   |      
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ------------- | ---- | ------------ | - | ----------------- |  | - | ---- | ------------- |  | ------------- | - | ----- |  | - | -----
|                                                                                                                                                                   |  | Quarter ended |      |              |   | Nine months ended
|(dollar amounts in millions)                                                                                                                                       |  | Sept. 30,2006 |      | June 30,2006 |   | Sept. 30,2005     |  |   |      | Sept. 30,2006 |  | Sept. 30,2005
|Income from continuing operations before provision for income taxes                                                                                                |  | $             | 325  |              | $ | 325               |  | $ | 272  |               |  |               | $ | 946   |  | $ | 1,034
|Fixed charges: interest expense (excluding interest on deposits), one-third of rental expense net of
income from subleases and amortization of debt issuance costs |  |               | 91   |              |   | 109               |  |   | 84   |               |  |               |   | 290   |  |   | 232  
|Total earnings (as defined), excluding interest on deposits                                                                                                        |  |               | 416  |              |   | 434               |  |   | 356  |               |  |               |   | 1,236 |  |   | 1,266
|Interest on deposits                                                                                                                                               |  |               | 194  |              |   | 134               |  |   | 99   |               |  |               |   | 449   |  |   | 254  
|Total earnings (as defined)                                                                                                                                        |  | $             | 610  |              | $ | 568               |  | $ | 455  |               |  |               | $ | 1,685 |  | $ | 1,520
|                                                                                                                                                                   |  |               |      |              |   |                  
|Ratio of earnings (as defined) to fixed charges:                                                                                                                   |  |               |      |              |   |                   |  |   |      |               |  |               |   |       |  |   |      
|Excluding interest on deposits                                                                                                                                     |  |               | 4.53 |              |   | 4.01              |  |   | 4.23 |               |  |               |   | 4.26  |  |   | 5.47 
|Including interest on deposits                                                                                                                                     |  |               | 2.14 |              |   | 2.34              |  |   | 2.48 |               |  |               |   | 2.28  |  |   | 3.13