The PNC Financial Services Group, Inc. (PNC) 10-Q 2010 Q3 Quarterly report

EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges (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 excluding interest on deposits		794			1,396			1,026			1,208			778			610
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges		111			126			122			101			33			20
Interest capitalized		1			3
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
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
Fixed charges excluding interest on deposits		794			1,396			1,026			1,208			778			610
Interest on deposits		758			1,741			1,485			2,053			1,590			981
Total fixed charges	$	1,552		$	3,137		$	2,511		$	3,261		$	2,368		$	1,591
Ratio of earnings to fixed charges
Excluding interest on deposits		4.39	x		3.28	x		1.96	x		2.35	x		5.79	x		3.92	x
Including interest on deposits		2.74			2.01			1.39			1.50			2.57			2.12

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