EXHIBIT 12.2
The PNC Financial Services Group, Inc. and Subsidiaries
Computation of Ratio of Earnings
to Fixed Charges and Preferred Stock Dividends
| Three Months March 31, 2007 |
Year Ended December 31 | |||||||||||||||||||||||
| Dollars in millions |
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 and preferred stock dividends excluding interest on deposits |
240 | 842 | 663 | 358 | 347 | 433 | ||||||||||||||||||
| Subtotal |
849 | 4,742 | 2,605 | 2,093 | 1,915 | 2,254 | ||||||||||||||||||
| Interest on deposits |
468 | 1,590 | 981 | 484 | 457 | 659 | ||||||||||||||||||
| Total |
$ | 1,317 | $ | 6,332 | $ | 3,586 | $ | 2,577 | $ | 2,372 | $ | 2,913 | ||||||||||||
| 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 | ||||||||||||||||||||||
| Preferred stock dividend requirements |
1 | 1 | 1 | 1 | 1 | |||||||||||||||||||
| Subtotal |
240 | 842 | 663 | 358 | 347 | 433 | ||||||||||||||||||
| Interest on deposits |
468 | 1,590 | 981 | 484 | 457 | 659 | ||||||||||||||||||
| Total |
$ | 708 | $ | 2,432 | $ | 1,644 | $ | 842 | $ | 804 | $ | 1,092 | ||||||||||||
| Ratio of earnings to fixed charges and preferred stock dividends |
||||||||||||||||||||||||
| Excluding interest on deposits |
3.54 | x | 5.63 | x | 3.93 | x | 5.85 | x | 5.52 | x | 5.21 | 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. |