EXHIBIT 12.2

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges and Preferred Stock Dividends (1)

 

    

Nine months ended

September 30, 2009

     Year Ended December 31  
Dollars in millions      2008     2007     2006     2005     2004  

Earnings

             

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

    $ 1,622      $ 1,127      $ 1,806      $ 3,913      $ 1,962      $ 1,745   

Add:

             

Distributed income of equity investees

      130        157        124        20       

Fixed charges and preferred stock dividends excluding interest on deposits

      1,552        1,109        1,268        842        663        358   

Less:

             

Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges

      92        122        101        33        20        10   

Interest capitalized

      2             

Preferred stock dividend requirements

      414        33        1        1        1        1   

Earnings excluding interest on deposits

      2,796        2,238        3,096        4,741        2,604        2,092   

Interest on deposits

      1,407        1,485        2,053        1,590        981        484   

Total earnings

    $ 4,203      $ 3,723      $ 5,149      $ 6,331      $ 3,585      $ 2,576   

Fixed charges and preferred stock dividends

             

Interest on borrowed funds

    $ 1,033      $ 1,004      $ 1,197      $ 777      $ 599      $ 298   

Interest component of rentals

      103        71        69        64        63        58   

Amortization of notes and debentures

        1        1            1   

Interest capitalized

      2             

Preferred stock dividend requirements

      414        33        1        1        1        1   

Fixed charges and preferred stock dividends excluding interest on deposits

      1,552        1,109        1,268        842        663        358   

Interest on deposits

      1,407        1,485        2,053        1,590        981        484   

Total fixed charges and preferred stock dividends

    $ 2,959      $ 2,594      $ 3,321      $ 2,432      $ 1,644      $ 842   

Ratio of earnings to fixed charges and preferred stock dividends

             

Excluding interest on deposits

      1.80 x      2.02 x      2.44 x      5.63 x      3.93 x      5.84 x 

Including interest on deposits

      1.42        1.44        1.55        2.60        2.18        3.06   

 

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