Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges (1)


	Nine Months Ended			Year Ended December 31
Dollars in millions	September 30, 2008			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	$	1,450		$	1,806		$	3,913		$	1,962		$	1,745		$	1,600
Add:
Distributed income of equity investees		118			124			20
Fixed charges excluding interest on deposits		840			1,267			841			662			357			346
Less:
Minority interest in pretax income of subsidiaries that have not incurred fixed charges		91			101			33			20			10			32
Earnings excluding interest on deposits		2,317			3,096			4,741			2,604			2,092			1,914
Interest on deposits		1,152			2,053			1,590			981			484			457
Total earnings	$	3,469		$	5,149		$	6,331		$	3,585		$	2,576		$	2,371
Fixed charges
Interest on borrowed funds	$	787		$	1,197		$	777		$	599		$	298		$	258
Interest component of rentals		53			69			64			63			58			59
Amortization of notes and debentures					1									1			1
Distributions on mandatorily redeemable capital securities of subsidiary trusts																	28
Fixed charges excluding interest on deposits		840			1,267			841			662			357			346
Interest on deposits		1,152			2,053			1,590			981			484			457
Total fixed charges	$	1,992		$	3,320		$	2,431		$	1,643		$	841		$	803
Ratio of earnings to fixed charges
Excluding interest on deposits		2.76	x		2.44	x		5.64	x		3.93	x		5.86	x		5.53	x
Including interest on deposits		1.74			1.55			2.60			2.18			3.06			2.95

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