February 29, 2008 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - 10-K: Annual report pursuant to Section 13 and 15(d) | The PNC Financial Services Group, Inc. (PNC)

EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges


	Year Ended December 31
*Dollars in millions*	2007			2006			2005			2004			2003
Earnings
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees	$	1,806		$	3,913		$	1,962		$	1,745		$	1,600
Add:
Distributed income of equity investees		124			20
Fixed charges excluding interest on deposits		1,267			841			662			357			346
Less:
Minority interest in pretax income of subsidiaries that have not incurred fixed charges		101			33			20			10			32
Interest capitalized

Earnings excluding interest on deposits		3,096			4,741			2,604			2,092			1,914
Interest on deposits		2,053			1,590			981			484			457

Total earnings	$	5,149		$	6,331		$	3,585		$	2,576		$	2,371

Fixed charges
Interest on borrowed funds	$	1,197		$	777		$	599		$	298		$	258
Interest component of rentals		69			64			63			58			59
Amortization of notes and debentures		1									1			1
Interest capitalized
Distributions on mandatorily redeemable capital securities of subsidiary trusts														28

Fixed charges excluding interest on deposits		1,267			841			662			357			346
Interest on deposits		2,053			1,590			981			484			457

Total fixed charges	$	3,320		$	2,431		$	1,643		$	841		$	803

Ratio of earnings to fixed charges
Excluding interest on deposits		2.44	x		5.64	x		3.93	x		5.86	x		5.53	x
Including interest on deposits		1.55			2.60			2.18			3.06			2.95

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