Bank of America Corporation and Subsidiaries													Exhibit 12
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges and Preferred Dividends
	Year Ended December 31
(Dollars in millions)	2012				2011				2010				2009				2008
Excluding Interest on Deposits
Income (loss) before income taxes	$	3,072			$	(230	)		$	(1,323	)		$	4,360			$	4,428
Equity in undistributed earnings (loss) of unconsolidated subsidiaries	212				596				1,210				(1,833		)		(144		)
Fixed charges:
Interest expense	14,754				18,618				19,977				23,000				25,074
1/3 of net rent expense (1)	1,092				1,072				1,099				1,110				791
Total fixed charges	15,846				19,690				21,076				24,110				25,865
Preferred dividend requirements (2)	1,080				n/m				802				5,921				1,461
Fixed charges and preferred dividends	16,926				19,690				21,878				30,031				27,326
Earnings	$	19,130			$	20,056			$	20,963			$	26,637			$	30,149
Ratio of earnings to fixed charges (3)	1.21				1.02				0.99				1.10				1.17
Ratio of earnings to fixed charges and preferred dividends (3, 4)	1.13				1.02				0.96				0.89				1.10
	Year Ended December 31
(Dollars in millions)	2012				2011				2010				2009				2008
Including Interest on Deposits
Income (loss) before income taxes	$	3,072			$	(230	)		$	(1,323	)		$	4,360			$	4,428
Equity in undistributed earnings (loss) of unconsolidated subsidiaries	212				596				1,210				(1,833		)		(144		)
Fixed charges:
Interest expense	16,744				21,620				23,974				30,807				40,324
1/3 of net rent expense (1)	1,092				1,072				1,099				1,110				791
Total fixed charges	17,836				22,692				25,073				31,917				41,115
Preferred dividend requirements (2)	1,080				n/m				802				5,921				1,461
Fixed charges and preferred dividends	18,916				22,692				25,875				37,838				42,576
Earnings	$	21,120			$	23,058			$	24,960			$	34,444			$	45,399
Ratio of earnings to fixed charges	1.18				1.02				1.00				1.08				1.10
Ratio of earnings to fixed charges and preferred dividends (3, 4)	1.12				1.02				0.96				0.91				1.07

(1)	Represents an appropriate interest factor.

(2)	Reflects the impact of $8.8 billion of mortgage banking losses and $3.2 billion of goodwill impairment charges during 2011 which resulted in a negative preferred dividend requirement.

(3)	The earnings for 2010 were inadequate to cover fixed charges and the ratio of earnings to fixed charges and preferred dividends. The earnings deficiency is a result of $12.4 billion of goodwill impairment charges during 2010. The coverage deficiency for fixed charges was $113 million and the coverage deficiency for fixed charges and preferred dividends was $915 million.

(4)	The earnings for 2009 were inadequate to cover fixed charges and preferred dividends. The earnings deficiency is a result of 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