COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Published on May 10, 2001




THE PNC FINANCIAL SERVICES GROUP, INC. EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES



Year ended December 31
Three months ended -----------------------------------------------------------
Dollars in millions March 31, 2001 2000 1999 1998 1997 1996
- ------------------------------------------------------------------- -------- -------- -------- ------- --------

EARNINGS
Income from continuing operations before taxes $400 $1,848 $1,788 $1,651 $1,595 $1,526
Fixed charges excluding interest on deposits 251 1,033 980 1,159 1,080 1,014
--------- -------- -------- -------- ------- --------
Subtotal 651 2,881 2,768 2,810 2,675 2,540
Interest on deposits 397 1,653 1,369 1,471 1,457 1,428
--------- -------- -------- -------- -------- --------
Total $1,048 $4,534 $4,137 $4,281 $4,132 $3,968
========= ======== ======== ======== ======== ========

FIXED CHARGES
Interest on borrowed funds $221 $915 $870 $1,065 $1,010 $985
Interest component of rentals 13 50 44 33 26 27
Amortization of notes and debentures 1 1 1 1 1
Distributions on Mandatorily Redeemable Capital
Securities of Subsidiary Trusts 17 67 65 60 43 1
--------- -------- -------- -------- -------- --------
Subtotal 251 1,033 980 1,159 1,080 1,014
Interest on deposits 397 1,653 1,369 1,471 1,457 1,428
--------- -------- -------- -------- -------- --------
Total $648 $2,686 $2,349 $2,630 $2,537 $2,442
========= ======== ======== ======== ======== ========

RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits 2.59 x 2.79 x 2.82 x 2.42 x 2.48 x 2.50 x
Including interest on deposits 1.62 1.69 1.76 1.63 1.63 1.62
==================================================================================================================================