| The PNC Financial Services Group, Inc. and Subsidiaries | EXHIBIT 12.2 |
Computation of Ratio of Earnings
to Fixed Charges and Preferred Stock Dividends
| 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 |
$540 | $1,942 | $1,735 | $1,568 | $1,821 | $564 | ||||||||||||
| Fixed charges and preferred stock dividends excluding interest on deposits |
199 | 663 | 358 | 347 | 433 | 782 | ||||||||||||
| Subtotal |
739 | 2,605 | 2,093 | 1,915 | 2,254 | 1,346 | ||||||||||||
| Interest on deposits |
327 | 981 | 484 | 457 | 659 | 1,229 | ||||||||||||
| Total |
$1,066 | $3,586 | $2,577 | $2,372 | $2,913 | $2,575 | ||||||||||||
| 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 | |||||||||||||||
| Preferred stock dividend requirements |
1 | 1 | 1 | 1 | 20 | |||||||||||||
| Subtotal |
199 | 663 | 358 | 347 | 433 | 782 | ||||||||||||
| Interest on deposits |
327 | 981 | 484 | 457 | 659 | 1,229 | ||||||||||||
| Total |
$526 | $1,644 | $842 | $804 | $1,092 | $2,011 | ||||||||||||
| Ratio of earnings to fixed charges |
||||||||||||||||||
| Excluding interest on deposits |
3.71 | x | 3.93 | x | 5.85 | x | 5.52 | x | 5.21 | x | 1.72 | x | ||||||
| Including interest on deposits
|
2.03
|
2.18
|
3.06
|
2.95
|
2.67
|
1.28
|
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(1) As defined in Item 503(d) of Regulation S-K.