Bank of America Corporation and Subsidiaries               Exhibit 12
  Ratio of Earnings to Fixed Charges
  Ratio of Earnings to Fixed Charges and Preferred Dividends
  (Dollars in millions)   

Three Months Ended  

 

March 31, 2008  

     Year Ended December 31
        2007    2006    2005    2004    2003

  Excluding Interest on Deposits

                   

  Income before income taxes

   $1,798      $20,924    $31,973    $24,480    $20,908    $15,781  

  Equity in undistributed earnings of unconsolidated subsidiaries

   (106)      (95)    (315)    (151)    (135)    (125)  

  Fixed charges:

                   

  Interest expense

   7,280      34,778    29,514    18,397    9,072    6,105  

  1/3 of net rent expense (1)

   187      669    609    585    512    398  

  Total fixed charges

   7,467      35,447    30,123    18,982    9,584    6,503  

  Preferred dividend requirements

   282      254    33    27    23    6  

  Fixed charges and preferred dividends

   7,749      35,701    30,156    19,009    9,607    6,509  

  Earnings

   $9,159      $56,276    $61,781    $43,311    $30,357    $22,159  

  Ratio of earnings to fixed charges

   1.23      1.59    2.05    2.28    3.17    3.41  

  Ratio of earnings to fixed charges and preferred dividends

   1.18      1.58    2.05    2.28    3.16    3.40  
                   
     

Three Months Ended  

 

March 31, 2008  

     Year Ended December 31
  (Dollars in millions)         2007    2006    2005    2004    2003

  Including Interest on Deposits

                   

  Income before income taxes

   $1,798      $20,924    $31,973    $24,480    $20,908    $15,781  

  Equity in undistributed earnings of unconsolidated subsidiaries

   (106)      (95)    (315)    (151)    (135)    (125)  

  Fixed charges:

                   

  Interest expense

   11,868      52,871    43,994    27,889    14,993    10,667  

  1/3 of net rent expense (1)

   187      669    609    585    512    398  

  Total fixed charges

   12,055      53,540    44,603    28,474    15,505    11,065  

  Preferred dividend requirements

   282      254    33    27    23    6  

  Fixed charges and preferred dividends

   12,337      53,794    44,636    28,501    15,528    11,071  

  Earnings

   $13,747      $74,369    $76,261    $52,803    $36,278    $26,721  

  Ratio of earnings to fixed charges

   1.14      1.39    1.71    1.85    2.34    2.41  

  Ratio of earnings to fixed charges and preferred dividends

   1.11      1.38    1.71    1.85    2.34    2.41  

(1) Represents an appropriate interest factor.