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
Six months ended -------------------------------------------------------------
Dollars in millions June 30, 2002 2001 2000 1999 1998 1997
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EARNINGS
Income from continuing operations before taxes $966 $564 $1,848 $1,788 $1,651 $1,595
Fixed charges and preferred stock dividends
excluding interest on deposits 227 783 1,063 1,010 1,188 1,110
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Subtotal 1,193 1,347 2,911 2,798 2,839 2,705
Interest on deposits 348 1,229 1,653 1,369 1,471 1,457
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Total $1,541 $2,576 $4,564 $4,167 $4,310 $4,162
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FIXED CHARGES
Interest on borrowed funds $169 $646 $915 $870 $1,065 $1,010
Interest component of rentals 28 53 50 44 33 26
Amortization of notes and debentures 1 1 1 1 1
Distributions on Mandatorily Redeemable Capital
Securities of Subsidiary Trusts 29 63 67 65 60 43
Preferred stock dividend requirements 1 20 30 30 29 30
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Subtotal 227 783 1,063 1,010 1,188 1,110
Interest on deposits 348 1,229 1,653 1,369 1,471 1,457
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Total $575 $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 5.26x 1.72x 2.74x 2.77x 2.39x 2.44x
Including interest on deposits 2.68 1.28 1.68 1.75 1.62 1.62
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