Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

November 14, 1997

PNC BANK CORP.

Published on November 14, 1997





PNC BANK CORP. AND SUBSIDIARIES EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES



Year ended December 31
Nine months ended -------------------------------------------------------------------
Dollars in thousands September 30, 1997 1996 1995 1994 1993 1992
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EARNINGS

Income before taxes and cumulative effect of changes
in accounting principles $1,208,596 $1,527,551 $627,012 $1,209,916 $1,140,487 $787,994
Fixed charges excluding interest on deposits 871,382 1,096,893 1,487,279 1,104,573 704,228 582,854
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Subtotal 2,079,978 2,624,444 2,114,291 2,314,489 1,844,715 1,370,848
Interest on deposits 1,087,015 1,428,771 1,551,816 1,159,242 1,005,658 1,546,576
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Total $3,166,993 $4,053,215 $3,666,107 $3,473,731 $2,850,373 $2,917,424
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FIXED CHARGES
Interest on borrowed funds $819,022 $1,064,847 $1,455,069 $1,070,565 $676,319 $555,610
Interest component of rentals 21,739 29,839 31,283 32,247 26,491 25,739
Amortization of borrowed funds 606 816 927 1,761 1,418 1,505
Distributions on capital securities 30,015 1,391
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Subtotal 871,382 1,096,893 1,487,279 1,104,573 704,228 582,854
Interest on deposits 1,087,015 1,428,771 1,551,816 1,159,242 1,005,658 1,546,576
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Total $1,958,397 $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 2.39x 1.42x 2.10x 2.62x 2.35x
Including interest on deposits 1.62 1.60 1.21 1.53 1.67 1.37
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