EXHIBIT 12.2

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges and Preferred Stock Dividends

 

     Six Months Ended
June 30, 2007
    Year Ended December 31  

Dollars in millions

     2006     2005     2004     2003     2002  

Earnings

            

Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees

   $ 1,153     $ 3,913     $ 1,962     $ 1,745     $ 1,600     $ 1,858  

Add:

            

Distributed income of equity investees

     58       20          

Fixed charges and preferred stock dividends excluding interest on deposits

     541       842       663       358       347       433  

Less:

            

Minority interest in pretax income of subsidiaries that have not incurred fixed charges

     43       33       20       10       32       37  

Interest capitalized

     1            

Preferred stock dividend requirements

       1       1       1       1       1  
                                                

Earnings excluding interest on deposits

     1,708       4,741       2,604       2,092       1,914       2,253  

Interest on deposits

     1,000       1,590       981       484       457       659  
                                                

Total earnings

   $ 2,708     $ 6,331     $ 3,585     $ 2,576     $ 2,371     $ 2,912  
                                                

Fixed charges and preferred stock dividends

            

Interest on borrowed funds

   $ 508     $ 777     $ 599     $ 298     $ 258     $ 315  

Interest component of rentals

     32       64       63       58       59       58  

Amortization of notes and debentures

           1       1       1  

Interest capitalized

     1            

Distributions on mandatorily redeemable capital securities of subsidiary trusts

             28       58  

Preferred stock dividend requirements

       1       1       1       1       1  
                                                

Fixed charges and preferred stock dividends excluding interest on deposits

     541       842       663       358       347       433  

Interest on deposits

     1,000       1,590       981       484       457       659  
                                                

Total fixed charges and preferred stock dividends

   $ 1,541     $ 2,432     $ 1,644     $ 842     $ 804     $ 1,092  
                                                

Ratio of earnings to fixed charges and preferred stock dividends

            

Excluding interest on deposits

     3.16 x     5.63 x     3.93 x     5.84 x     5.52 x     5.20 x

Including interest on deposits

     1.76       2.60       2.18       3.06       2.95       2.67