Exhibit - 12.2



COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES



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|                                                                                                                                       |      |                     |       |  |      |       |      |   |       |  |   |       |  |   |      
|-------------------------------------------------------------------------------------------------------------------------------------- | ---- | ------------------- | ----- |  | ---- | ----- | ---- | - | ----- |  | - | ----- |  | - | -----
|Mellon Financial Corporation (and its subsidiaries) (dollar amounts in millions)                                                       |      | Year ended Dec. 31,
|                                                                                                                                       | 2005 |                     | 2004  |  | 2003 |       | 2002 |   | 2001 
|1.      Income from continuing operations before impact of accounting change                                                           |      | $                   | 912   |  | $    | 807   |      | $ | 734   |  | $ | 664   |  | $ | 435  
|2.      Provision for income taxes                                                                                                     |      |                     | 433   |  |      | 362   |      |   | 338   |  |   | 319   |  |   | 240  
|3.      Income from continuing operations before provision for income
taxes and impact of accounting change (line 1 + line 2)          |      | $                   | 1,345 |  | $    | 1,169 |      | $ | 1,072 |  | $ | 983   |  | $ | 675  
|4.      Fixed charges:                                                                                                                 |      |                     |       |  |      |       |      |   |       |  |   |       |  |   |      
|a.      Interest expense (excluding interest on deposits)                                                                              |      | $                   | 305   |  | $    | 231   |      | $ | 233   |  | $ | 274   |  | $ | 393  
|b.      One-third of rental expense net of income from subleases and
amortization of debt issuance costs                               |      |                     | 41    |  |      | 37    |      |   | 42    |  |   | 36    |  |   | 37   
|c.      Total fixed charges (excluding interest on deposits) (line 4a + line 4b)                                                       |      |                     | 346   |  |      | 268   |      |   | 275   |  |   | 310   |  |   | 430  
|d.      Interest on deposits                                                                                                           |      |                     | 369   |  |      | 153   |      |   | 125   |  |   | 156   |  |   | 428  
|e.      Total fixed charges (line 4c + line 4d)                                                                                        |      | $                   | 715   |  | $    | 421   |      | $ | 400   |  | $ | 466   |  | $ | 858  
|5.      Income from continuing operations before provision for income taxes and impact of accounting change,
plus total fixed charges: |      |                     |       |  |      |       |      |   |       |  |   |       |  |   |      
|a.      Excluding interest on deposits (line 3 + line
4c)                                                                              |      | $                   | 1,691 |  | $    | 1,437 |      | $ | 1,347 |  | $ | 1,293 |  | $ | 1,105
|b.      Including interest on deposits (line 3 + line
4e)                                                                              |      | $                   | 2,060 |  | $    | 1,590 |      | $ | 1,472 |  | $ | 1,449 |  | $ | 1,533
|6.      Ratio of earnings (as defined) to combined fixed charges:                                                                      |      |                     |       |  |      |       |      |   |       |  |   |       |  |   |      
|a.      Excluding interest on deposits (line 5a divided by line 4c)                                                                    |      |                     | 4.89  |  |      | 5.37  |      |   | 4.88  |  |   | 4.16  |  |   | 2.57 
|b.      Including interest on deposits (line 5b divided by line
4e)                                                                    |      |                     | 2.88  |  |      | 3.78  |      |   | 3.68  |  |   | 3.11  |  |   | 1.79