The PNC Financial Services Group, Inc. (PNC) 10-Q 2011 Q2 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	Six months ended June 30, 2011			Year Ended December 31
					2010			2009			2008			2007			2006
Earnings
Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	2,124		$	3,680		$	3,135		$	946		$	1,612		$	3,737
Add:
Distributed income of equity investees		99			167			171			157			124			20
Fixed charges excluding interest on deposits		504			1,092			1,396			1,026			1,208			778
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges		75			148			126			122			101			33
Interest capitalized					1			3
Earnings excluding interest on deposits		2,652			4,790			4,573			2,007			2,843			4,502
Interest on deposits		362			963			1,741			1,485			2,053			1,590
Total earnings	$	3,014		$	5,753		$	6,314		$	3,492		$	4,896		$	6,092
Fixed charges
Interest on borrowed funds	$	422		$	918		$	1,225		$	961		$	1,143		$	719
Interest component of rentals		62			134			131			64			64			59
Amortization of notes and debentures		20			39			37			1			1
Interest capitalized					1			3
Fixed charges excluding interest on deposits		504			1,092			1,396			1,026			1,208			778
Interest on deposits		362			963			1,741			1,485			2,053			1,590
Total fixed charges	$	866		$	2,055		$	3,137		$	2,511		$	3,261		$	2,368
Ratio of earnings to fixed charges
Excluding interest on deposits		5.26	x		4.39	x		3.28	x		1.96	x		2.35	x		5.79	x
Including interest on deposits		3.48			2.80			2.01			1.39			1.50			2.57

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