THE PNC FINANCIAL SERVICES GROUP, INC. AND SUBSIDIARIES EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
Year ended December 31
Dollars in millions 2000 1999 1998 1997 1996
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EARNINGS
Income from continuing operations before taxes $1,848 $1,788 $1,651 $1,595 $1,526
Fixed charges excluding interest on deposits 1,033 980 1,159 1,080 1,014
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Subtotal 2,881 2,768 2,810 2,675 2,540
Interest on deposits 1,653 1,369 1,471 1,457 1,428
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Total $4,534 $4,137 $4,281 $4,132 $3,968
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FIXED CHARGES
Interest on borrowed funds $915 $870 $1,065 $1,010 $985
Interest component of rentals 50 44 33 26 27
Amortization of notes and debentures 1 1 1 1 1
Distributions on Mandatorily Redeemable Capital
Securities of Subsidiary Trusts 67 65 60 43 1
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Subtotal 1,033 980 1,159 1,080 1,014
Interest on deposits 1,653 1,369 1,471 1,457 1,428
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Total $2,686 $2,349 $2,630 $2,537 $2,442
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RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits 2.79x 2.82x 2.42x 2.48x 2.50x
Including interest on deposits 1.69 1.76 1.63 1.63 1.62
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