EXHIBIT 12.2
THE PNC FINANCIAL SERVICES GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Year ended December 31
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Dollars in millions 2001 2000 1999 1998 1997
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EARNINGS
Income from continuing operations before taxes $564 $1,848 $1,788 $1,651 $1,595
Fixed charges and preferred stock dividends
excluding interest on deposits 783 1,063 1,010 1,188 1,110
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Subtotal 1,347 2,911 2,798 2,839 2,705
Interest on deposits 1,229 1,653 1,369 1,471 1,457
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Total $2,576 $4,564 $4,167 $4,310 $4,162
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FIXED CHARGES
Interest on borrowed funds $646 $915 $870 $1,065 $1,010
Interest component of rentals 53 50 44 33 26
Amortization of notes and debentures 1 1 1 1 1
Distributions on Mandatorily Redeemable
Capital Securities of Subsidiary Trusts 63 67 65 60 43
Preferred stock dividend requirements 20 30 30 29 30
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Subtotal 783 1,063 1,010 1,188 1,110
Interest on deposits 1,229 1,653 1,369 1,471 1,457
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Total $2,012 $2,716 $2,379 $2,659 $2,567
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RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
Excluding interest on deposits 1.72 x 2.74 x 2.77 x 2.39 x 2.44 x
Including interest on deposits 1.28 1.68 1.75 1.62 1.62
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