Exhibit 12.2



COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES



Mellon Financial Corporation

and its subsidiaries



|                                                                                                                                                                   |  |               |              |                  |   |               |  |   |              |  |   |              |  |   |             
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ------------- | ------------ | ---------------- | - | ------------- |  | - | ------------ |  | - | ------------ |  | - | ------------
|                                                                                                                                                                   |  | Quarter ended |              | Six months ended
|(dollar amounts in millions)                                                                                                                                       |  |               | June 30,2006 |                  |   | March 31,2006 |  |   | June 30,2005 |  |   | June 30,2006 |  |   | June 30,2005
|Income from continuing operations before provision for income taxes                                                                                                |  | $             | 326          |                  | $ | 299           |  | $ | 296          |  | $ | 625          |  | $ | 762         
|Fixed charges: interest expense (excluding interest on deposits), one-third of rental expense net of
income from subleases and amortization of debt issuance costs |  |               | 117          |                  |   | 99            |  |   | 84           |  |   | 216          |  |   | 159         
|Total earnings (as defined), excluding interest on deposits                                                                                                        |  |               | 443          |                  |   | 398           |  |   | 380          |  |   | 841          |  |   | 921         
|Interest on deposits                                                                                                                                               |  |               | 134          |                  |   | 121           |  |   | 85           |  |   | 255          |  |   | 152         
|Total earnings (as defined)                                                                                                                                        |  | $             | 577          |                  | $ | 519           |  | $ | 465          |  | $ | 1,096        |  | $ | 1,073       
|Ratio of earnings (as defined) to fixed charges:                                                                                                                   |  |               |              |                  |   |               |  |   |              |  |   |              |  |   |             
|Excluding interest on deposits                                                                                                                                     |  |               | 3.79         |                  |   | 4.02          |  |   | 4.55         |  |   | 3.89         |  |   | 5.80        
|Including interest on deposits                                                                                                                                     |  |               | 2.29         |                  |   | 2.36          |  |   | 2.76         |  |   | 2.32         |  |   | 3.45