THE PNC FINANCIAL SERVICES GROUP, INC. EXHIBIT 12.2
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Year ended December 31
Nine months ended -----------------------------------------------------------
Dollars in millions September 30, 2000 1999 1998 1997 1996 1995
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EARNINGS
Income from continuing operations before taxes $1,372 $1,788 $1,651 $1,595 $1,488 $621
Fixed charges and preferred stock dividends
excluding interest on deposits 821 1,010 1,188 1,119 1,060 1,451
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Subtotal 2,193 2,798 2,839 2,714 2,548 2,072
Interest on deposits 1,200 1,369 1,471 1,457 1,428 1,552
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Total $3,393 $4,167 $4,310 $4,171 $3,976 $3,624
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FIXED CHARGES
Interest on borrowed funds $711 $870 $1,065 $1,019 $1,023 $1,418
Interest component of rentals 37 44 33 26 27 27
Amortization of notes and debentures 1 1 1 1 1 1
Distributions on Mandatorily Redeemable Capital
Securities of Subsidiary Trusts 50 65 60 43 1
Preferred stock dividend requirements 22 30 29 30 8 5
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Subtotal 821 1,010 1,188 1,119 1,060 1,451
Interest on deposits 1,200 1,369 1,471 1,457 1,428 1,552
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Total $2,021 $2,379 $2,659 $2,576 $2,488 $3,003
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RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED
STOCK DIVIDENDS
Excluding interest on deposits 2.67 x 2.77 x 2.39 x 2.43 x 2.40 x 1.43 x
Including interest on deposits 1.68 1.75 1.62 1.62 1.60 1.21
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