EXHIBIT 12.2

WASHINGTON MUTUAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS

|                                                                                                    |                                                    | Year Ended December 31, |       
|--------------------------------------------------------------------------------------------------- | -------------------------------------------------- | ----------------------- | ------
|
|
|Earnings, including interest on deposits(1):                                                        |                                                    |                         |       
|Income from continuing operations before income taxes                                               |                                                    | $                       | 309   
|Fixed charges                                                                                       |                                                    |                         | 11,480
|                                                                                                    |                                                    |                         |       
|                                                                                                    |                                                    | $                       | 11,789
|                                                                                                    |                                                    |                         |       
|Preferred dividend requirement                                                                      |                                                    | $                       | 31    
|Ratio of income from continuing operations before income taxes to income from continuing operations |                                                    |                         | N/M   
|                                                                                                    |                                                    |                         |       
|Preferred dividends                                                                                 |                                                    | $                       | 31    
|                                                                                                    |                                                    |                         |       
|Fixed charges(1)(3):                                                                                |                                                    |                         |       
|                                                                                                    | Interest expense                                   |                         | $     
|                                                                                                    | Estimated interest component of net rental expense |                         |       
|                                                                                                    |                                                    |                         |       
|                                                                                                    |                                                    |                         | 11,480
|                                                                                                    |                                                    |                         |       
|                                                                                                    | Fixed charges and preferred dividends              |                         | $     
|                                                                                                    |                                                    |                         |       
|Ratio of earnings to fixed charges and preferred dividends                                          |                                                    |                         | 1.02  
|                                                                                                    |                                                    |                         |       
|Earnings, excluding interest on deposits(1):                                                        |                                                    |                         |       
|Income from continuing operations before income taxes                                               |                                                    | $                       | 309   
|Fixed charges                                                                                       |                                                    |                         | 4,870 
|                                                                                                    |                                                    |                         |       
|                                                                                                    |                                                    | $                       | 5,179 
|                                                                                                    |                                                    |                         |       
|Preferred dividends                                                                                 |                                                    | $                       | 31    
|                                                                                                    |                                                    |                         |       
|Fixed charges(1)(3):                                                                                |                                                    |                         |       
|                                                                                                    | Interest expense                                   |                         | $     
|                                                                                                    | Less: interest on deposits                         |                         |       
|                                                                                                    | Estimated interest component of net rental expense |                         |       
|                                                                                                    |                                                    |                         |       
|                                                                                                    |                                                    |                         | 4,870 
|                                                                                                    |                                                    |                         |       
|                                                                                                    | Fixed charges and preferred dividends              |                         | $     
|                                                                                                    |                                                    |                         |       
|Ratio of earnings to fixed charges and preferred dividends                                          |                                                    |                         | 1.06  
|                                                                                                    |                                                    |                         |       

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N/M =
Not meaningful

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