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)	2016				2015				2014				2013				2012
Excluding Interest on Deposits
Income before income taxes	$	25,153			$	22,070			$	7,963			$	14,733			$	2,535
Equity in undistributed earnings (loss) of unconsolidated subsidiaries	(262		)		(152		)		(222		)		(66		)		212
Fixed charges:
Interest expense	8,946				9,688				9,855				11,359				14,754
1/3 of net rent expense (1)	883				945				1,023				1,091				1,092
Total fixed charges	9,829				10,633				10,878				12,450				15,846
Preferred dividend requirements	2,363				2,067				1,506				1,746				968
Fixed charges and preferred dividends	12,192				12,700				12,384				14,196				16,814
Earnings	$	34,720			$	32,551			$	18,619			$	27,117			$	18,593
Ratio of earnings to fixed charges	3.53				3.06				1.71				2.18				1.17
Ratio of earnings to fixed charges and preferred dividends	2.85				2.56				1.50				1.91				1.11
	Year Ended December 31
(Dollars in millions)	2016				2015				2014				2013				2012
Including Interest on Deposits
Income before income taxes	$	25,153			$	22,070			$	7,963			$	14,733			$	2,535
Equity in undistributed earnings (loss) of unconsolidated subsidiaries	(262		)		(152		)		(222		)		(66		)		212
Fixed charges:
Interest expense	9,961				10,549				10,935				12,755				16,744
1/3 of net rent expense (1)	883				945				1,023				1,091				1,092
Total fixed charges	10,844				11,494				11,958				13,846				17,836
Preferred dividend requirements	2,363				2,067				1,506				1,746				968
Fixed charges and preferred dividends	13,207				13,561				13,464				15,592				18,804
Earnings	$	35,735			$	33,412			$	19,699			$	28,513			$	20,583
Ratio of earnings to fixed charges	3.30				2.91				1.65				2.06				1.15
Ratio of earnings to fixed charges and preferred dividends	2.71				2.46				1.46				1.83				1.09

(1)	Represents an appropriate interest factor.