EXHIBIT 12.2

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges and Preferred Stock Dividends (1)

 

Dollars in millions    Nine months ended
September 30, 2010
    Year Ended December 31  
     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

   $ 2,675      $ 3,135      $ 946      $ 1,612      $ 3,737      $ 1,801   

Add:

            

Distributed income of equity investees

     131        171        157        124        20     

Fixed charges and preferred stock dividends excluding interest on deposits

     981        1,993        1,059        1,209        779        611   

Less:

            

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

     111        126        122        101        33        20   

Interest capitalized

     1        3           

Preferred stock dividend requirements

     187        597        33        1        1        1   

Earnings excluding interest on deposits

     3,488        4,573        2,007        2,843        4,502        2,391   

Interest on deposits

     758        1,741        1,485        2,053        1,590        981   

Total earnings

   $ 4,246      $ 6,314      $ 3,492      $ 4,896      $ 6,092      $ 3,372   

Fixed charges and preferred stock dividends

            

Interest on borrowed funds

   $ 663      $ 1,225      $ 961      $ 1,143      $ 719      $ 552   

Interest component of rentals

     101        131        64        64        59        58   

Amortization of notes and debentures

     29        37        1        1       

Interest capitalized

     1        3           

Preferred stock dividend requirements

     187        597        33        1        1        1   

Fixed charges and preferred stock dividends excluding interest on deposits

     981        1,993        1,059        1,209        779        611   

Interest on deposits

     758        1,741        1,485        2,053        1,590        981   

Total fixed charges and preferred stock dividends

   $ 1,739      $ 3,734      $ 2,544      $ 3,262      $ 2,369      $ 1,592   

Ratio of earnings to fixed charges and preferred stock dividends

            

Excluding interest on deposits

     3.56     2.29     1.90     2.35     5.78     3.91

Including interest on deposits

     2.44        1.69        1.37        1.50        2.57        2.12   

 

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