Exhibit 12
                                                 
Bank of America Corporation and Subsidiaries
        
Ratio of Earnings to Fixed Charges
        
Ratio of Earnings to Fixed Charges and Preferred Dividends
    Six Months Ended   Year Ended December 31
(Dollars in millions)
   June 30, 2010     2009       2008       2007       2006       2005  
 
Excluding Interest on Deposits
                                                
 
                                                
Income before income taxes
   $ 8,184     $ 4,360     $ 4,428     $ 20,924     $ 31,973     $ 24,480  
Equity in undistributed earnings of unconsolidated subsidiaries
     (458 )     (1,833 )     (144 )     (95 )     (315 )     (151 )
Fixed charges:
                                                
Interest expense
     10,208       23,000       25,074       34,778       29,514       18,397  
1/3 of net rent expense (1)
     555       1,110       791       669       609       585  
 
Total fixed charges
     10,763       24,110       25,865       35,447       30,123       18,982  
Preferred dividend requirements
     893       5,921       1,461       254       33       27  
 
Fixed charges and preferred dividends
     11,656       30,031       27,326       35,701       30,156       19,009  
 
Earnings
   $ 18,489     $ 26,637     $ 30,149     $ 56,276     $ 61,781     $ 43,311  
 
Ratio of earnings to fixed charges
     1.72       1.10       1.17       1.59       2.05       2.28  
 
Ratio of earnings to fixed charges and preferred dividends (2)
     1.59       -       1.10       1.58       2.05       2.28  
 
 
 
                                                
 
 
   Six Months Ended     Year Ended December 31
(Dollars in millions)
   June 30, 2010     2009       2008       2007       2006       2005  
 
Including Interest on Deposits
                                                
 
                                                
Income before income taxes
   $ 8,184     $ 4,360     $ 4,428     $ 20,924     $ 31,973     $ 24,480  
Equity in undistributed earnings of unconsolidated subsidiaries
     (458 )     (1,833 )     (144 )     (95 )     (315 )     (151 )
Fixed charges:
                                                
Interest expense
     12,361       30,807       40,324       52,871       43,994       27,889  
1/3 of net rent expense (1)
     555       1,110       791       669       609       585  
 
Total fixed charges
     12,916       31,917       41,115       53,540       44,603       28,474  
Preferred dividend requirements
     893       5,921       1,461       254       33       27  
 
Fixed charges and preferred dividends
     13,809       37,838       42,576       53,794       44,636       28,501  
 
Earnings
   $ 20,642     $ 34,444     $ 45,399     $ 74,369     $ 76,261     $ 52,803  
 
Ratio of earnings to fixed charges
     1.60       1.08       1.10       1.39       1.71       1.85  
 
 
Ratio of earnings to fixed charges and preferred dividends (2)
     1.49       -       1.07       1.38       1.71       1.85  
 
 
(1)  
Represents an appropriate interest factor.
 
(2)  
The earnings for 2009 were inadequate to cover fixed charges and preferred stock dividends. The earnings deficiency is a result of the accelerated accretion of $4.0 billion recorded as a result of the repurchase of TARP Preferred Stock. The coverage deficiency for fixed charges and preferred dividends was $3.4 billion.