EXHIBIT 12.1
The PNC Financial Services Group, Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (1)
					Year Ended December 31
	Nine Months Ended
Dollars in millions	September 30, 2017				2016				2015				2014				2013				2012
Earnings
Pretax income from continuing operations before adjustment for     noncontrolling interests in consolidated subsidiaries or income     or loss from equity investees	$	3,910			$	4,642			$	4,860			$	4,993			$	5,148			$	3,594
Add:
Distributed income of equity investees	264				324				310				275				242				216
Fixed charges excluding interest on deposits	901				978				796				734				664				853
Less:
Noncontrolling interests in pretax income of subsidiaries that     have not incurred fixed charges	43				84				93				96				112				137
Interest capitalized									1				1
Earnings excluding interest on deposits	5,032				5,860				5,872				5,905				5,942				4,526
Interest on deposits	433				430				403				325				344				386
Total earnings	$	5,465			$	6,290			$	6,275			$	6,230			$	6,286			$	4,912
Fixed charges
Interest on borrowed funds	$	792			$	830			$	640			$	581			$	516			$	696
Interest component of rentals	108				147				153				152				148				145
Amortization of notes and debentures	1				1				2												12
Interest capitalized									1				1
Fixed charges excluding interest on deposits	901				978				796				734				664				853
Interest on deposits	433				430				403				325				344				386
Total fixed charges	$	1,334			$	1,408			$	1,199			$	1,059			$	1,008			$	1,239
Ratio of earnings to fixed charges
Excluding interest on deposits	5.58		x		5.99		x		7.38		x		8.04		x		8.95		x		5.31		x
Including interest on deposits	4.10				4.47				5.23				5.88				6.24				3.96

 

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