EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges (1)

 

   

Six months ended

June 30, 2010

    Year Ended December 31  
Dollars in millions     2009     2008     2007     2006     2005  

Earnings

           

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

  $ 1,731      $ 3,135      $ 946      $ 1,612      $ 3,737      $ 1,801   

Add:

           

Distributed income of equity investees

    87        171        157        124        20     

Fixed charges excluding interest on deposits

    509        1,396        1,026        1,208        778        610   

Less:

           

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

    70        126        122        101        33        20   

Interest capitalized

    1        3                                   

Earnings excluding interest on deposits

    2,256        4,573        2,007        2,843        4,502        2,391   

Interest on deposits

    525        1,741        1,485        2,053        1,590        981   

Total earnings

  $ 2,781      $ 6,314      $ 3,492      $ 4,896      $ 6,092      $ 3,372   

Fixed charges

           

Interest on borrowed funds

  $ 419      $ 1,225      $ 961      $ 1,143      $ 719      $ 552   

Interest component of rentals

    69        131        64        64        59        58   

Amortization of notes and debentures

    20        37        1        1       

Interest capitalized

    1        3                                   

Fixed charges excluding interest on deposits

    509        1,396        1,026        1,208        778        610   

Interest on deposits

    525        1,741        1,485        2,053        1,590        981   

Total fixed charges

  $ 1,034      $ 3,137      $ 2,511      $ 3,261      $ 2,368      $ 1,591   

Ratio of earnings to fixed charges

           

Excluding interest on deposits

    4.43     3.28     1.96     2.35     5.79     3.92

Including interest on deposits

    2.69        2.01        1.39        1.50        2.57        2.12   

 

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