MERRILL LYNCH PREFERRED FUNDING III LP - FORM 10-Q - EX-12 - EXHIBIT 12 - November 10, 2011

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EXCEL - IDEA: XBRL DOCUMENT - MERRILL LYNCH PREFERRED FUNDING III LPFinancial_Report.xls
10-Q - FORM 10-Q - MERRILL LYNCH PREFERRED FUNDING III LPc23298e10vq.htm
EX-32.1 - EXHIBIT 32.1 - MERRILL LYNCH PREFERRED FUNDING III LPc23298exv32w1.htm
EX-31.1 - EXHIBIT 31.1 - MERRILL LYNCH PREFERRED FUNDING III LPc23298exv31w1.htm
EX-31.2 - EXHIBIT 31.2 - MERRILL LYNCH PREFERRED FUNDING III LPc23298exv31w2.htm
EX-32.2 - EXHIBIT 32.2 - MERRILL LYNCH PREFERRED FUNDING III LPc23298exv32w2.htm
EXHIBIT 12
MERRILL LYNCH PREFERRED CAPITAL TRUST III
MERRILL LYNCH PREFERRED FUNDING III, L.P.
COMPUTATION OF RATIOS OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED SECURITIES DISTRIBUTIONS (UNAUDITED)
(dollars in thousands)
                                 
    FOR THE THREE MONTHS ENDED     FOR THE THREE MONTHS ENDED  
    September 30, 2011     September 30, 2010  
    MERRILL LYNCH     MERRILL LYNCH     MERRILL LYNCH     MERRILL LYNCH  
    PREFERRED     PREFERRED     PREFERRED     PREFERRED  
    CAPITAL TRUST III     FUNDING III, L.P.     CAPITAL TRUST III     FUNDING III, L.P.  
 
                                
Earnings
   $ 13,531     $ 15,766     $ 13,531     $ 15,763  
 
                        
 
                                
Fixed charges
   $ —     $ —     $ —     $ —  
 
                                
Preferred securities distribution requirements
     13,125       13,531       13,125       13,531  
 
                        
 
                                
Total combined fixed charges and preferred securities distribution requirements
   $ 13,125     $ 13,531     $ 13,125     $ 13,531  
 
                        
 
                                
Ratio of earnings to combined fixed charges and preferred securities distribution requirements
     1.03       1.17       1.03       1.16  
                                 
    FOR THE NINE MONTHS ENDED     FOR THE NINE MONTHS ENDED  
    September 30, 2011     September 30, 2010  
    MERRILL LYNCH     MERRILL LYNCH     MERRILL LYNCH     MERRILL LYNCH  
    PREFERRED     PREFERRED     PREFERRED     PREFERRED  
    CAPITAL TRUST III     FUNDING III, L.P.     CAPITAL TRUST III     FUNDING III, L.P.  
 
Earnings
   $ 40,593     $ 47,296     $ 40,593     $ 47,291  
 
                        
 
                                
Fixed charges
   $ —     $ —     $ —     $ —  
 
                                
Preferred securities distribution requirements
     39,375       40,593       39,375       40,593  
 
                        
 
                                
Total combined fixed charges and preferred securities distribution requirements
   $ 39,375     $ 40,593     $ 39,375     $ 40,593  
 
                        
 
                                
Ratio of earnings to combined fixed charges and preferred securities distribution requirements
     1.03       1.17       1.03       1.17  

 

 

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