February 28, 2008 - RATIO OF EARNINGS TO FIXED CHARGES - 10-K: Annual report pursuant to Section 13 and 15(d)

Exhibit 12

Bank of America Corporation and Subsidiaries

Ratio of Earnings to Fixed Charges

Ratio of Earnings to Fixed Charges and Preferred Dividends


(Dollars in millions)	2007			2006			2005			2004			2003
*Excluding Interest on Deposits*
Income before income taxes	$	20,924		$	31,973		$	24,480		$	20,908		$	15,781
Equity in undistributed earnings of unconsolidated subsidiaries		(95	)		(315	)		(151	)		(135	)		(125	)
Fixed charges:
Interest expense		34,778			29,514			18,397			9,072			6,105
1/3 of net rent expense ⁽¹⁾		669			609			585			512			398
Total fixed charges		35,447			30,123			18,982			9,584			6,503
Preferred dividend requirements		254			33			27			23			6
Fixed charges and preferred dividends		35,701			30,156			19,009			9,607			6,509
Earnings	$	56,276		$	61,781		$	43,311		$	30,357		$	22,159
Ratio of earnings to fixed charges		1.59			2.05			2.28			3.17			3.41
Ratio of earnings to fixed charges and preferred dividends		1.58			2.05			2.28			3.16			3.40

(Dollars in millions)	2007			2006			2005			2004			2003
*Including Interest on Deposits*
Income before income taxes	$	20,924		$	31,973		$	24,480		$	20,908		$	15,781
Equity in undistributed earnings of unconsolidated subsidiaries		(95	)		(315	)		(151	)		(135	)		(125	)
Fixed charges:
Interest expense		52,871			43,994			27,889			14,993			10,667
1/3 of net rent expense ⁽¹⁾		669			609			585			512			398
Total fixed charges		53,540			44,603			28,474			15,505			11,065
Preferred dividend requirements		254			33			27			23			6
Fixed charges and preferred dividends		53,794			44,636			28,501			15,528			11,071
Earnings	$	74,369		$	76,261		$	52,803		$	36,278		$	26,721
Ratio of earnings to fixed charges		1.39			1.71			1.85			2.34			2.41
Ratio of earnings to fixed charges and preferred dividends		1.38			1.71			1.85			2.34			2.41

⁽¹⁾	Represents an appropriate interest factor.