The PNC Financial Services Group, Inc. (PNC) 10-Q 2012 Q1 Quarterly report

EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges (1)

	Three months ended March 31, 2012			Year Ended December 31
Dollars in millions					2011			2010			2009			2008			2007
Earnings
Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	908		$	3,785		$	3,680		$	3,135		$	946		$	1,612
Add:
Distributed income of equity investees		54			198			167			171			157			124
Fixed charges excluding interest on deposits		236			951			1,092			1,396			1,026			1,208
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges		44			154			148			126			122			101
Interest capitalized								1			3
Earnings excluding interest on deposits		1,154			4,780			4,790			4,573			2,007			2,843
Interest on deposits		103			668			963			1,741			1,485			2,053
Total earnings	$	1,257		$	5,448		$	5,753		$	6,314		$	3,492		$	4,896
Fixed charges
Interest on borrowed funds	$	195		$	791		$	918		$	1,225		$	961		$	1,143
Interest component of rentals		33			125			134			131			64			64
Amortization of notes and debentures		8			35			39			37			1			1
Interest capitalized								1			3
Fixed charges excluding interest on deposits		236			951			1,092			1,396			1,026			1,208
Interest on deposits		103			668			963			1,741			1,485			2,053
Total fixed charges	$	339		$	1,619		$	2,055		$	3,137		$	2,511		$	3,261
Ratio of earnings to fixed charges
Excluding interest on deposits		4.89	x		5.03	x		4.39	x		3.28	x		1.96	x		2.35	x
Including interest on deposits		3.71			3.37			2.80			2.01			1.39			1.50

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