EXHIBIT 12.1
The PNC Financial Services Group, Inc. and Subsidiaries
Computation of Ratio of Earnings
to Fixed Charges
| Dollars in millions |
Three Months March 31, 2007 |
Year Ended December 31 | ||||||||||||||||||||||
| 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||||||
| Earnings |
||||||||||||||||||||||||
| Pretax income from continuing operations before adjustments for minority interest (1) |
$ | 643 | $ | 3,930 | $ | 1,942 | $ | 1,735 | $ | 1,568 | $ | 1,821 | ||||||||||||
| Less: |
||||||||||||||||||||||||
| Income or loss from equity method investees |
63 | 50 | ||||||||||||||||||||||
| Add: |
||||||||||||||||||||||||
| Distributed income of equity method investees |
29 | 20 | ||||||||||||||||||||||
| Fixed charges excluding interest on deposits |
240 | 841 | 662 | 357 | 346 | 432 | ||||||||||||||||||
| Subtotal |
849 | 4,741 | 2,604 | 2,092 | 1,914 | 2,253 | ||||||||||||||||||
| Interest on deposits |
468 | 1,590 | 981 | 484 | 457 | 659 | ||||||||||||||||||
| Total |
$ | 1,317 | $ | 6,331 | $ | 3,585 | $ | 2,576 | $ | 2,371 | $ | 2,912 | ||||||||||||
| Fixed charges |
||||||||||||||||||||||||
| Interest on borrowed funds |
$ | 224 | $ | 777 | $ | 599 | $ | 298 | $ | 258 | $ | 315 | ||||||||||||
| Interest component of rentals |
16 | 64 | 63 | 58 | 59 | 58 | ||||||||||||||||||
| Amortization of notes and debentures |
1 | 1 | 1 | |||||||||||||||||||||
| Distributions on mandatorily redeemable capital securities of subsidiary trusts |
28 | 58 | ||||||||||||||||||||||
| Subtotal |
240 | 841 | 662 | 357 | 346 | 432 | ||||||||||||||||||
| Interest on deposits |
468 | 1,590 | 981 | 484 | 457 | 659 | ||||||||||||||||||
| Total |
$ | 708 | $ | 2,431 | $ | 1,643 | $ | 841 | $ | 803 | $ | 1,091 | ||||||||||||
| Ratio of earnings to fixed charges |
||||||||||||||||||||||||
| Excluding interest on deposits |
3.54 | x | 5.64 | x | 3.93 | x | 5.86 | x | 5.53 | x | 5.22 | x | ||||||||||||
| Including interest on deposits |
1.86 | 2.60 | 2.18 | 3.06 | 2.95 | 2.67 | ||||||||||||||||||
| (1) | As defined in Item 503(d) of Regulation S-K. |