WACHOVIA PREFERRED FUNDING CORP - FORM 10-Q - EX-12.A - COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES - May 9, 2012

Attached files

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EXCEL - IDEA: XBRL DOCUMENT - WACHOVIA PREFERRED FUNDING CORPFinancial_Report.xls
10-Q - FORM 10-Q - WACHOVIA PREFERRED FUNDING CORPd343902d10q.htm
EX-31.B - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - WACHOVIA PREFERRED FUNDING CORPd343902dex31b.htm
EX-12.B - COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES - WACHOVIA PREFERRED FUNDING CORPd343902dex12b.htm
EX-32.A - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 - WACHOVIA PREFERRED FUNDING CORPd343902dex32a.htm
EX-32.B - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 - WACHOVIA PREFERRED FUNDING CORPd343902dex32b.htm
EX-31.A - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - WACHOVIA PREFERRED FUNDING CORPd343902dex31a.htm
EX-99 - WELLS FARGO & COMPANY SUPPLEMENTARY CONSOLIDATING FINANCIAL INFORMATION - WACHOVIA PREFERRED FUNDING CORPd343902dex99.htm

Exhibit (12)(a)

Wachovia Preferred Funding Corp. and Subsidiaries

Computation of Consolidated Ratios of Earnings to Fixed Charges

 

      Quarter ended March 31,  
  

 

 

  
(in thousands)    2012     

 

2011

  

Excluding interest on deposits (1)

      

Income before income taxes

    $                 150,104         210,959   

Fixed charges, excluding capitalized interest

      -         -   

 

Earnings

    $ 150,104         210,959   

Interest

    $ -         -   

One-third of rents

      -         -   

Capitalized interest

      -         -   

 

Fixed charges

    $ -         -   

 

Consolidated ratios of earnings to fixed charges (2)

      NM         NM   
                   

NM Not meaningful

(1) As defined in Item 503(d) of Regulation S-K.

 

(2) These computations are included herein in compliance with Securities and Exchange Commission regulations. However, management believes that fixed charge ratios are not meaningful measures for the business of Wachovia Funding. For example, even if there was no change in net income, the ratios would decline if interest income and interest expense increase by the same amount due to an increase in the level of interest rates or, conversely, they would increase if interest income and interest expense decrease by the same amount due to a decrease in the level of interest rates.

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