PNC BANK CORP. AND SUBSIDIARIES EXHIBIT 12.2
COMPUTATION OF RATIO OF EARNINGS
TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS
Year ended December 31
Dollars in thousands 1995 1994 1993 1992 1991
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EARNINGS
Income before taxes and cumulative effect of changes in
accounting principles $627,012 $1,209,916 $1,140,487 $787,994 $(38,578)
Fixed charges and preferred stock dividends excluding
interest on deposits 1,492,391 1,112,564 712,339 592,902 624,000
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Subtotal 2,119,403 2,322,480 1,852,826 1,380,896 585,422
Interest on deposits 1,551,816 1,159,242 1,005,658 1,546,576 2,739,565
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Total $3,671,219 $3,481,722 $2,858,484 $2,927,472 $3,324,987
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FIXED CHARGES
Interest on notes and debentures $620,415 $556,432 $316,031 $201,977 $137,323
Interest on borrowed funds 834,654 514,133 360,288 353,633 449,107
Amortization of notes and debentures 927 1,761 1,418 1,505 1,119
Interest component of rentals 31,283 32,247 26,491 25,739 26,041
Preferred stock dividend requirements 5,112 7,991 8,111 10,048 10,410
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Subtotal 1,492,391 1,112,564 712,339 592,902 624,000
Interest on deposits 1,551,816 1,159,242 1,005,658 1,546,576 2,739,565
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Total $3,044,207 $2,271,806 $1,717,997 $2,139,478 $3,363,565
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RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS
Excluding interest on deposits 1.42x 2.09x 2.60x 2.33x .94x
Including interest on deposits 1.21 1.53 1.66 1.37 .99
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