Exhibit (12)(b)


Wachovia Preferred Funding Corp. and Subsidiaries
Computation of Consolidated Ratios of Earnings to Fixed Charges and Preferred Dividends
	Year ended December 31,
(in thousands)	2012		2011		2010		2009		2008
Excluding interest on deposits (1)
Income before income taxes	$	582,405		795,836		770,334		869,245		780,437
Fixed charges, excluding preferred dividends and capitalized interest		334		-		-		380		6,148
Earnings	$	582,739		795,836		770,334		869,625		786,585
Interest expense	$	334		-		-		380		6,148
Estimated interest component of net rental expense		-		-		-		-		-
Preferred dividends		192,480		184,043		185,866		160,678		293,229
Capitalized interest		-		-		-		-		-
Fixed charges and preferred dividends	$	192,814		184,043		185,866		161,058		299,377
Consolidated ratios of earnings to fixed charges and preferred dividends (2)		3.02		4.32		4.14		5.40		2.63

(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.

WACHOVIA PREFERRED FUNDING CORP 10-K