Exhibit 12.2



COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Mellon Financial Corporation and its subsidiaries)



Mellon Financial Corporation

(and its
subsidiaries)



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|                                                                                                                                                                   |  |               |      |                   |   |               |  |               |      |               |   |       |  |   |      
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ------------- | ---- | ----------------- | - | ------------- |  | ------------- | ---- | ------------- | - | ----- |  | - | -----
|                                                                                                                                                                   |  | Quarter ended |      | Nine months ended
|(dollar amounts in millions)                                                                                                                                       |  | Sept. 30,2005 |      | June 30,2005      |   | Sept. 30,2004 |  | Sept. 30,2005 |      | Sept. 30,2004
|Income from continuing operations before provision for income taxes                                                                                                |  | $             | 274  |                   | $ | 296           |  | $             | 252  |               | $ | 1,036 |  | $ | 882  
|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   |                   |   | 84            |  |               | 68   |               |   | 250   |  |   | 200  
|Total earnings (as defined), excluding interest on deposits                                                                                                        |  |               | 365  |                   |   | 380           |  |               | 320  |               |   | 1,286 |  |   | 1,082
|Interest on deposits                                                                                                                                               |  |               | 100  |                   |   | 85            |  |               | 39   |               |   | 252   |  |   | 99   
|Total earnings (as defined)                                                                                                                                        |  | $             | 465  |                   | $ | 465           |  | $             | 359  |               | $ | 1,538 |  | $ | 1,181
|Ratio of earnings (as defined) to fixed charges:                                                                                                                   |  |               |      |                   |   |               |  |               |      |               |   |       |  |   |      
|Excluding interest on deposits                                                                                                                                     |  |               | 4.00 |                   |   | 4.55          |  |               | 4.71 |               |   | 5.14  |  |   | 5.41 
|Including interest on deposits                                                                                                                                     |  |               | 2.44 |                   |   | 2.76          |  |               | 3.39 |               |   | 3.07  |  |   | 3.96