The PNC Financial Services Group, Inc. (PNC) 10-Q 2007 Q1 Quarterly report

EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges

Dollars in millions	Three Months Ended March 31, 2007			Year Ended December 31
				2006			2005			2004			2003			2002
Earnings
Pretax income from continuing operations before adjustments for minority interest (1)	$	643		$	3,930		$	1,942		$	1,735		$	1,568		$	1,821
Less:
Income or loss from equity method investees		63			50
Add:
Distributed income of equity method investees		29			20
Fixed charges excluding interest on deposits		240			841			662			357			346			432
Subtotal		849			4,741			2,604			2,092			1,914			2,253
Interest on deposits		468			1,590			981			484			457			659
Total	$	1,317		$	6,331		$	3,585		$	2,576		$	2,371		$	2,912
Fixed charges
Interest on borrowed funds	$	224		$	777		$	599		$	298		$	258		$	315
Interest component of rentals		16			64			63			58			59			58
Amortization of notes and debentures											1			1			1
Distributions on mandatorily redeemable capital securities of subsidiary trusts														28			58
Subtotal		240			841			662			357			346			432
Interest on deposits		468			1,590			981			484			457			659
Total	$	708		$	2,431		$	1,643		$	841		$	803		$	1,091
Ratio of earnings to fixed charges
Excluding interest on deposits		3.54	x		5.64	x		3.93	x		5.86	x		5.53	x		5.22	x
Including interest on deposits		1.86			2.60			2.18			3.06			2.95			2.67

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