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, 2001 2000 1999 1998 1997 1996
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EARNINGS
Income from continuing operations before taxes $1,305 $1,848 $1,788 $1,651 $1,595 $1,526
Fixed charges and preferred stock dividends
excluding interest on deposits 647 1,063 1,010 1,188 1,110 1,022
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Subtotal 1,952 2,911 2,798 2,839 2,705 2,548
Interest on deposits 1,011 1,653 1,369 1,471 1,457 1,428
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Total $2,963 $4,564 $4,167 $4,310 $4,162 $3,976
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FIXED CHARGES
Interest on borrowed funds $540 $915 $870 $1,065 $1,010 $985
Interest component of rentals 39 50 44 33 26 27
Amortization of notes and debentures 1 1 1 1 1 1
Distributions on Mandatorily Redeemable Capital
Securities of Subsidiary Trusts 48 67 65 60 43 1
Preferred stock dividend requirements 19 30 30 29 30 8
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Subtotal 647 1,063 1,010 1,188 1,110 1,022
Interest on deposits 1,011 1,653 1,369 1,471 1,457 1,428
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Total $1,658 $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 3.02x 2.74x 2.77x 2.39x 2.44x 2.49x
Including interest on deposits 1.79 1.68 1.75 1.62 1.62 1.62
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