THE PNC FINANCIAL SERVICES GROUP, INC. AND SUBSIDIARIES EXHIBIT 12.2
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
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 and preferred stock dividends excluding interest
on deposits 1,063 1,010 1,188 1,110 1,022
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Subtotal 2,911 2,798 2,839 2,705 2,548
Interest on deposits 1,653 1,369 1,471 1,457 1,428
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Total $4,564 $4,167 $4,310 $4,162 $3,976
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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
Preferred stock dividend requirements 30 30 29 30 8
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Subtotal 1,063 1,010 1,188 1,110 1,022
Interest on deposits 1,653 1,369 1,471 1,457 1,428
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Total $2,716 $2,379 $2,659 $2,567 $2,450
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RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK
DIVIDENDS
Excluding interest on deposits 2.74x 2.77x 2.39x 2.44x 2.49x
Including interest on deposits 1.68 1.75 1.62 1.62 1.62
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