EXHIBIT 12.1
The PNC Financial Services Group, Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (1)
	Year Ended December 31
Dollars in millions	2017				2016				2015				2014				2013
Earnings
Pretax income from continuing operations before adjustment for noncontrolling interests in     consolidated subsidiaries or income or loss from equity investees	$	4,510			$	4,642			$	4,860			$	4,993			$	5,148
Add:
Distributed income of equity investees	352				324				310				275				242
Fixed charges excluding interest on deposits	1,227				978				796				734				664
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges	57				84				93				96				112
Interest capitalized									1				1
Earnings excluding interest on deposits	6,032				5,860				5,872				5,905				5,942
Interest on deposits	623				430				403				325				344
Total earnings	$	6,655			$	6,290			$	6,275			$	6,230			$	6,286
Fixed charges
Interest on borrowed funds	$	1,082			$	830			$	640			$	581			$	516
Interest component of rentals	144				147				153				152				148
Amortization of notes and debentures	1				1				2
Interest capitalized									1				1
Fixed charges excluding interest on deposits	1,227				978				796				734				664
Interest on deposits	623				430				403				325				344
Total fixed charges	$	1,850			$	1,408			$	1,199			$	1,059			$	1,008
Ratio of earnings to fixed charges
Excluding interest on deposits	4.92		x		5.99		x		7.38		x		8.04		x		8.95		x
Including interest on deposits	3.60				4.47				5.23				5.88				6.24

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