exv12


Bank of America Corporation and Subsidiaries																Exhibit 12
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges and Preferred Dividends
	Nine Months Ended			Year Ended December 31
(Dollars in millions)	September 30, 2010			2009			2008			2007			2006			2005

*Excluding Interest on Deposits*

Income before income taxes	$	2,272		$	4,360		$	4,428		$	20,924		$	31,973		$	24,480
Equity in undistributed earnings of unconsolidated subsidiaries		(468	)		(1,833	)		(144	)		(95	)		(315	)		(151	)
Fixed charges:
Interest expense		15,020			23,000			25,074			34,778			29,514			18,397
1/3 of net rent expense ⁽¹⁾		821			1,110			791			669			609			585

Total fixed charges		15,841			24,110			25,865			35,447			30,123			18,982
Preferred dividend requirements ⁽²⁾		n/m			5,921			1,461			254			33			27

Fixed charges and preferred dividends		15,841			30,031			27,326			35,701			30,156			19,009

Earnings	$	17,645		$	26,637		$	30,149		$	56,276		$	61,781		$	43,311

Ratio of earnings to fixed charges		1.11			1.10			1.17			1.59			2.05			2.28

Ratio of earnings to fixed charges and preferred dividends ^{(2, 3)}		n/m			-			1.10			1.58			2.05			2.28



	Nine Months Ended			Year Ended December 31
(Dollars in millions)	September 30, 2010			2009			2008			2007			2006			2005

*Including Interest on Deposits*

Income before income taxes	$	2,272		$	4,360		$	4,428		$	20,924		$	31,973		$	24,480
Equity in undistributed earnings of unconsolidated subsidiaries		(468	)		(1,833	)		(144	)		(95	)		(315	)		(151	)
Fixed charges:
Interest expense		18,123			30,807			40,324			52,871			43,994			27,889
1/3 of net rent expense ⁽¹⁾		821			1,110			791			669			609			585

Total fixed charges		18,944			31,917			41,115			53,540			44,603			28,474
Preferred dividend requirements ⁽²⁾		n/m			5,921			1,461			254			33			27

Fixed charges and preferred dividends		18,944			37,838			42,576			53,794			44,636			28,501

Earnings	$	20,748		$	34,444		$	45,399		$	74,369		$	76,261		$	52,803

Ratio of earnings to fixed charges		1.10			1.08			1.10			1.39			1.71			1.85

Ratio of earnings to fixed charges and preferred dividends ^{(2, 3)}		n/m			-			1.07			1.38			1.71			1.85


⁽¹⁾		Represents an appropriate interest factor.

⁽²⁾		Reflects the impact of the $10.4 billion goodwill impairment charge during the three months ended September 30, 2010 which resulted in a negative preferred dividend requirement.

⁽³⁾		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.

n/m = not meaningful

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