Exhibit - 12.2

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Mellon Financial Corporation

and its subsidiaries



|                             |  |                                                                                                                               |  |                                                                                                  |       |                     |       |       |   |       |       |   |       |       |   |       |       |   |      
|---------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------ | ----- | ------------------- | ----- | ----- | - | ----- | ----- | - | ----- | ----- | - | ----- | ----- | - | -----
|                             |  |                                                                                                                               |  |                                                                                                  |       | Year ended Dec. 31,
|(dollar amounts in millions) |  | 2006                                                                                                                          |  | 2005                                                                                             |       | 2004                |       | 2003  |   | 2002 
|1.                           |  | Income from continuing operations before impact of accounting change                                                          |  | $                                                                                                | 932   |                     | $     | 884   |   | $     | 781   |   | $     | 745   |   | $     | 702  
|2.                           |  | Provision for income taxes                                                                                                    |  |                                                                                                  | 314   |                     |       | 418   |   |       | 348   |   |       | 343   |   |       | 339  
|3.                           |  | Income from continuing operations before provision for income taxes and impact ofaccounting change (line 1 + line 2)          |  | $                                                                                                | 1,246 |                     | $     | 1,302 |   | $     | 1,129 |   | $     | 1,088 |   | $     | 1,041
|4.                           |  | Fixed charges:                                                                                                                |  |                                                                                                  |       |                     |       |       |   |       |       |   |       |       |   |       |      
|                             |  | a.                                                                                                                            |  | Interest expense (excluding interest on deposits)                                                |       | $                   | 344   |       | $ | 267   |       | $ | 184   |       | $ | 192   |       | $ | 229  
|                             |  | b.                                                                                                                            |  | One-third of rental expense net of income from subleases and amortization of debt issuance costs |       |                     | 40    |       |   | 40    |       |   | 36    |       |   | 41    |       |   | 36   
|                             |  | c.                                                                                                                            |  | Total fixed charges (excluding interest on deposits) (line 4a + line 4b)                         |       |                     | 384   |       |   | 307   |       |   | 220   |       |   | 233   |       |   | 265  
|                             |  | d.                                                                                                                            |  | Interest on deposits                                                                             |       |                     | 641   |       |   | 372   |       |   | 176   |       |   | 133   |       |   | 176  
|                             |  | e.                                                                                                                            |  | Total fixed charges (line 4c + line 4d)                                                          |       | $                   | 1,025 |       | $ | 679   |       | $ | 396   |       | $ | 366   |       | $ | 441  
|5.                           |  | Income from continuing operations before provision for income taxes and impact ofaccounting change, plus total fixed charges: |  |                                                                                                  |       |                     |       |       |   |       |       |   |       |       |   |       |      
|                             |  | a.                                                                                                                            |  | Excluding interest on deposits (line 3 + line 4c)                                                |       | $                   | 1,630 |       | $ | 1,609 |       | $ | 1,349 |       | $ | 1,321 |       | $ | 1,306
|                             |  | b.                                                                                                                            |  | Including interest on deposits (line 3 + line 4e)                                                |       | $                   | 2,271 |       | $ | 1,981 |       | $ | 1,525 |       | $ | 1,454 |       | $ | 1,482
|6.                           |  | Ratio of earnings (as defined) to combined fixed charges:                                                                     |  |                                                                                                  |       |                     |       |       |   |       |       |   |       |       |   |       |      
|                             |  | a.                                                                                                                            |  | Excluding interest on deposits (line 5a divided by line 4c)                                      |       |                     | 4.25  |       |   | 5.24  |       |   | 6.13  |       |   | 5.66  |       |   | 4.94 
|                             |  | b.                                                                                                                            |  | Including interest on deposits (line 5b divided by line 4e)                                      |       |                     | 2.21  |       |   | 2.92  |       |   | 3.85  |       |   | 3.97  |       |   | 3.37