EXHIBIT 12

THE BANK OF NEW YORK COMPANY, INC.

Ratios of Earnings to Fixed Charges

(Dollars in millions)



|                                                                                                        |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|------------------------------------------------------------------------------------------------------- |  | ---- | ----- | ---- | - | ----- |  | ---- | ----- | ---- | - | ----- |  | - | -----
|For The Years Ended December 31                                                                         |  | 2006 |       | 2005 |   | 2004  |  | 2003 |       | 2002
|                                                                                                        |  |      |       |      |  
|EARNINGS                                                                                                |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|Income from Continuing Operations Before Income Taxes                                                   |  | $    | 2,170 |      | $ | 1,978 |  | $    | 1,840 |      | $ | 1,430 |  | $ | 1,033
|Fixed Charges, Excluding Interest on Deposits                                                           |  |      | 867   |      |   | 550   |  |      | 314   |      |   | 255   |  |   | 331  
|                                                                                                        |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|Income from Continuing Operations Before Income Taxes and Fixed Charges, Excluding Interest on Deposits |  |      | 3,037 |      |   | 2,528 |  |      | 2,154 |      |   | 1,685 |  |   | 1,364
|Interest on Deposits                                                                                    |  |      | 1,434 |      |   | 839   |  |      | 470   |      |   | 423   |  |   | 526  
|                                                                                                        |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|Income from Continuing Operations Before Income Taxes and Fixed Charges, Including Interest on Deposits |  | $    | 4,471 |      | $ | 3,367 |  | $    | 2,624 |      | $ | 2,108 |  | $ | 1,890
|                                                                                                        |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|FIXED CHARGES                                                                                           |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|Interest Expense, Excluding Interest on Deposits                                                        |  | $    | 807   |      | $ | 490   |  | $    | 260   |      | $ | 214   |  | $ | 298  
|One-Third Net Rental Expense(1)                                                                         |  |      | 60    |      |   | 60    |  |      | 54    |      |   | 41    |  |   | 33   
|                                                                                                        |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|Total Fixed Charges, Excluding Interest on Deposits                                                     |  |      | 867   |      |   | 550   |  |      | 314   |      |   | 255   |  |   | 331  
|Interest on Deposits                                                                                    |  |      | 1,434 |      |   | 839   |  |      | 470   |      |   | 423   |  |   | 526  
|                                                                                                        |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|Total Fixed Charges, Including Interest on Deposits                                                     |  | $    | 2,301 |      | $ | 1,389 |  | $    | 784   |      | $ | 678   |  | $ | 857  
|                                                                                                        |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|EARNINGS TO FIXED CHARGES RATIOS                                                                        |  |      |       |      |   |       |  |      |       |      |   |       |  |   |      
|Excluding Interest on Deposits                                                                          |  |      | 3.50  |      |   | 4.60  |  |      | 6.86  |      |   | 6.61  |  |   | 4.12 
|Including Interest on Deposits                                                                          |  |      | 1.94  |      |   | 2.42  |  |      | 3.35  |      |   | 3.11  |  |   | 2.21 

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|(1) | The proportion deemed representative of the interest factor.
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