The PNC Financial Services Group, Inc. and Subsidiaries   EXHIBIT 12.1

Computation of Ratio of Earnings

to Fixed Charges

 

 

 

    

Three Months

Ended March 31, 2006

    Year Ended December 31  

Dollars in millions

             2005             2004             2003             2002             2001  

Earnings

            

Pretax income from continuing operations before
adjustments for minority interest (1)

   $540     $1,942     $1,735     $1,568     $1,821     $564  

Fixed charges excluding interest on deposits

   199     662     357     346     432     762  
                                    

Subtotal

   739     2,604     2,092     1,914     2,253     1,326  

Interest on deposits

   327     981     484     457     659     1,229  
                                    

Total

   $1,066     $3,585     $2,576     $2,371     $2,912     $2,555  
                                    

Fixed charges

            

Interest on borrowed funds

   $183     $599     $298     $258     $315     $645  

Interest component of rentals

   16     63     58     59     58     53  

Amortization of notes and debentures

       1     1     1     1  

Distributions on mandatorily redeemable
capital securities of subsidiary trusts

         28     58     63  
                                    

Subtotal

   199     662     357     346     432     762  

Interest on deposits

   327     981     484     457     659     1,229  
                                    

Total

   $526     $1,643     $841     $803     $1,091     $1,991  
                                    

Ratio of earnings to fixed charges

            

Excluding interest on deposits

   3.71   x   3.93   x   5.86   x   5.53   x   5.22   x   1.74   x

Including interest on deposits

 

   2.03

 

 

  2.18

 

 

  3.06

 

 

  2.95

 

 

  2.67

 

 

  1.28

 

 

(1) As defined in Item 503(d) of Regulation S-K.