Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

May 17, 1999

Documents

EARNINGS TO FIXED CHARGES

Published on May 17, 1999



PNC BANK CORP. EXHIBIT 12.2
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS




Three Year ended December 31
months ended -------------------------------------------------------------------
Dollars in millions March 31, 1999 1998 1997 1996 1995 1994
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EARNINGS
Income before taxes and cumulative effect
of changes in accounting principles $488 $1,710 $1,618 $1,527 $627 $1,209
Fixed charges and preferred stock dividends
excluding interest on deposits 316 1,395 1,201 1,106 1,492 1,112
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Subtotal 804 3,105 2,819 2,633 2,119 2,321
Interest on deposits 351 1,471 1,457 1,428 1,552 1,160
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Total $1,155 $4,576 $4,276 $4,061 $3,671 $3,481
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FIXED CHARGES
Interest on borrowed funds $281 $1,267 $1,098 $1,065 $1,454 $1,071
Interest component of rentals 12 37 29 31 32 32
Amortization of notes and debentures 2 1 1 1 1
Distributions on Mandatorily Redeemable
Capital Securities of Subsidiary Trusts 16 60 43 1
Preferred stock dividend requirements 7 29 30 8 5 8
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Subtotal 316 1,395 1,201 1,106 1,492 1,112
Interest on deposits 351 1,471 1,457 1,428 1,552 1,160
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Total $667 $2,866 $2,658 $2,534 $3,044 $2,272
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RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
Excluding interest on deposits 2.54 x 2.23 x 2.35 x 2.38 x 1.42 x 2.09 x
Including interest on deposits 1.73 1.60 1.61 1.60 1.21 1.53
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