WACHOVIA PREFERRED FUNDING CORP - FORM 10-Q - EX-12. (A) - COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES - November 13, 2009

Attached files

file filename
10-Q - FORM 10-Q - WACHOVIA PREFERRED FUNDING CORPd10q.htm
EX-32. (B) - SECTION 906 CFO CERTIFICATION - WACHOVIA PREFERRED FUNDING CORPdex32b.htm
EX-31. (B) - SECTION 302 CFO CERTIFICATION - WACHOVIA PREFERRED FUNDING CORPdex31b.htm
EX-12. (B) - COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES - WACHOVIA PREFERRED FUNDING CORPdex12b.htm
EX-32. (A) - SECTION 906 CEO CERTIFICATION - WACHOVIA PREFERRED FUNDING CORPdex32a.htm
EX-31. (A) - SECTION 302 CEO CERTIFICATION - WACHOVIA PREFERRED FUNDING CORPdex31a.htm
EX-99 - SUPPLEMENTARY CONSOLIDATING FINANCIAL INFORMATION (UNAUDITED) - WACHOVIA PREFERRED FUNDING CORPdex99.htm

Exhibit (12)(a)

 

WACHOVIA PREFERRED FUNDING CORP.

AND SUBSIDIARIES

 

COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

 

    Nine
Months
Ended
September 30,
2009
     Years Ended December 31,
  

(In thousands)

     2008
     2007
   2006
   2005
   2004
  
    (Successor)     (Predecessor)     (Predecessor)   (Predecessor)   (Predecessor)   (Predecessor)  

Pretax income from continuing operations

   $ 687,695      780,437      1,083,871   1,059,575   725,648   378,075   

Fixed charges, excluding capitalized interest

     380      6,148      28,618   17,466   4,196   6,858   
   
 
 
 
 
 

Earnings (A)

   $ 688,075      786,585      1,112,489   1,077,041   729,844   384,933   
   
 
 
 
 
 

Interest

   $ 380      6,148      28,618   17,466   4,196   6,858   

One-third of rents

     —        —        —     —     —     —     

Capitalized interest

     —        —        —     —     —     —     
   
 
 
 
 
 

Fixed charges (B)

   $ 380      6,148      28,618   17,466   4,196   6,858   
   
 
 
 
 
 

Consolidated ratios of earnings to fixed charges (A)/(B)

     1,810.72  X    127.94      38.87   61.67   173.94   56.13   
   
 
 
 
 
 

 

Amounts for 2004 have not been restated for the adoption of accounting guidance related to the presentation of derivatives contracts subject to master netting agreements. Please refer to “—Notes to Consolidated Financial Statements” for additional information.

WACHOVIA PREFERRED FUNDING CORP Reports

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