EXHIBIT 12.1
PNC BANK CORP. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS
TO COMBINED FIXED CHARGES
Year ended December 31
Dollars in thousands 1996 1995 1994 1993 1992
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EARNINGS
Income before taxes and cumulative effect of changes
in accounting principles $1,527,551 $627,012 $1,209,916 $1,140,487 $787,994
Fixed charges excluding interest on deposits 1,096,893 1,487,279 1,104,573 704,228 582,854
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Subtotal 2,624,444 2,114,291 2,314,489 1,844,715 1,370,848
Interest on deposits 1,428,771 1,551,816 1,159,242 1,005,658 1,546,576
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Total $4,053,215 $3,666,107 $3,473,731 $2,850,373 $2,917,424
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FIXED CHARGES
Interest on notes and debentures $683,744 $620,415 $556,432 $316,031 $201,977
Interest on borrowed funds 381,103 834,654 514,133 360,288 353,633
Amortization of notes and debentures 816 927 1,761 1,418 1,505
Interest component of rentals 29,839 31,283 32,247 26,491 25,739
Distributions on Mandatorily Redeemable Capital
Securities of Subsidiary Trust 1,391
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Subtotal 1,096,893 1,487,279 1,104,573 704,228 582,854
Interest on deposits 1,428,771 1,551,816 1,159,242 1,005,658 1,546,576
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Total $2,525,664 $3,039,095 $2,263,815 $1,709,886 $2,129,430
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RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits 2.39x 1.42x 2.10x 2.62x 2.35x
Including interest on deposits 1.60 1.21 1.53 1.67 1.37
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