The PNC Financial Services Group, Inc. (PNC) 10-Q 2004 Q3 Quarterly report

EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges

	For Nine Months Ended September 30, 2004			Year Ended
Dollars in millions				2003			2002			2001			2000			1999
Earnings
Income from continuing operations before taxes	$	1,301		$	1,568		$	1,821		$	564		$	1,848		$	1,788
Fixed charges excluding interest on deposits		255			346			432			762			1,032			979
Subtotal		1,556			1,914			2,253			1,326			2,880			2,767
Interest on deposits		332			457			659			1,229			1,653			1,369
Total	$	1,888		$	2,371		$	2,912		$	2,555		$	4,533		$	4,136
Fixed charges
Interest on borrowed funds	$	211		$	258		$	315		$	645		$	914		$	869
Interest component of rentals		44			59			58			53			50			44
Amortization of notes and debentures		0			1			1			1			1			1
Distributions on mandatorily redeemable capital securities of subsidiary trusts		0			28			58			63			67			65
Subtotal		255			346			432			762			1,032			979
Interest on deposits		332			457			659			1,229			1,653			1,369
Total	$	587		$	803		$	1,091		$	1,991		$	2,685		$	2,348
Ratio of earnings to fixed charges
Excluding interest on deposits		6.10	x		5.53	x		5.22	x		1.74	x		2.79	x		2.83	x
Including interest on deposits		3.22			2.95			2.67			1.28			1.69			1.76