EXHIBIT 11

CALCULATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE
PNC BANK CORP. AND SUBSIDIARIES

<TABLE>
<CAPTION>  
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Year Ended December 31                                                                          
In Thousands, except per share data                       1994           1993            1992    
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<S>                                                     <C>            <C>             <C>      
PRIMARY AVERAGE COMMON SHARES OUTSTANDING                                                       
Weighted average shares of common stock outstanding      234,960        233,782         221,408 
Weighted average common shares to be issued                                                     
 using average market price and assuming:                                                       
 Exercise of stock options                                 1,650          2,556           2,498 
 Exercise of warrants                                                        48             117 
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 Primary weighted average common shares                  236,610        236,386         224,023 
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FULLY DILUTED AVERAGE COMMON SHARES OUTSTANDING                                                 
Weighted average shares of common stock outstanding      234,960        233,782         221,408 
Weighted average common shares to be issued                                                     
 using average market price or period-end market                                                
 price, whichever is higher, and assuming:                                                      
 Conversion of preferred stock Series A & B                  225            256             296 
 Conversion of preferred stock Series C                      681            748             870 
 Conversion of preferred stock Series D                      859            946           1,186 
 Conversion of debentures                                     73             85             206 
 Exercise of stock options                                 1,650          2,556           3,037 
 Exercise of warrants                                                        48             122 
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 Fully diluted weighted average common                                                          
  shares outstanding                                     238,448        238,421         227,125 
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PRIMARY EARNINGS PER COMMON SHARE                                                               
Income before cumulative effect of changes in                                                   
 accounting principles                                  $610,062       $745,263        $529,440 
Cumulative effect of changes in                                                                 
 accounting principles,                                                                         
 net of tax benefit of $5,343                                           (19,393)       (102,501)
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Net income                                              $610,062       $725,870        $426,939 
                                                                                                
Add: ESOP dividends tax benefit                                                           2,680 
Less: Preferred dividends declared                         1,632          1,832           3,056 
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Net income applicable to primary earnings                                                       
 per common share                                       $608,430       $724,038        $426,563 
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Primary before cumulative effect of                                                             
 changes in accounting principles                          $2.57          $3.14           $2.36 
Cumulative effect of changes in                                                                 
 accounting principles                                                     (.08)           (.46)
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Primary earnings per common share                          $2.57          $3.06           $1.90  
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FULLY DILUTED EARNINGS PER COMMON SHARE                                                         
Income before cumulative effect of changes                                                      
 in accounting principles                               $610,062       $745,263        $529,440 
Cumulative effect of changes in                                                                 
 accounting principles,                                                                         
 net of tax benefit of $5,343                                           (19,393)       (102,501)
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Net income                                              $610,062       $725,870        $426,939  
Add:  Interest expense on convertible                                                           
       debentures (net of tax)                                50             57             142  
      ESOP dividends tax benefit                                                          2,680  
Less: Dividends declared on non-convertible                                                     
       preferred stock                                                       34             879  
      Convertible preferred dividends                                                            
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Net income applicable to fully diluted                                                          
 earnings per common share                              $610,112       $725,893        $428,882  
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Fully diluted before cumulative effect                                                          
 of changes in accounting principles                       $2.56          $3.13           $2.34  
Cumulative effect of changes in                                                                 
  accounting principles                                                    (.09)           (.45) 
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Fully diluted earnings per common share                    $2.56          $3.04           $1.89  
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</TABLE>     

With respect to the 1990 fully diluted earnings per share calculation,
preferred stock series C and D, and the convertible debentures were excluded
since the conversion of these securities would have the effect of increasing
the earnings per share amount for the year.