The PNC Financial Services Group, Inc. (PNC) 10-Q 2012 Q3 Quarterly report

EXHIBIT 12.2

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges and Preferred Stock Dividends (1)

	Nine months  ended September 30, 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	$	2,464		$	3,785		$	3,680		$	3,135		$	946		$	1,612
Add:
Distributed income of equity investees		162			198			167			171			157			124
Fixed charges and preferred stock dividends excluding interest on deposits		856			1,037			1,316			1,993			1,059			1,209
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges		106			154			148			126			122			101
Interest capitalized								1			3
Preferred stock dividend requirements		192			86			224			597			33			1
Earnings excluding interest on deposits		3,184			4,780			4,790			4,573			2,007			2,843
Interest on deposits		289			668			963			1,741			1,485			2,053
Total earnings	$	3,473		$	5,448		$	5,753		$	6,314		$	3,492		$	4,896
Fixed charges and preferred stock dividends
Interest on borrowed funds	$	546		$	791		$	918		$	1,225		$	961		$	1,143
Interest component of rentals		106			125			134			131			64			64
Amortization of notes and debentures		12			35			39			37			1			1
Interest capitalized								1			3
Preferred stock dividend requirements		192			86			224			597			33			1
Fixed charges and preferred stock dividends excluding interest on deposits		856			1,037			1,316			1,993			1,059			1,209
Interest on deposits		289			668			963			1,741			1,485			2,053
Total fixed charges and preferred stock dividends	$	1,145		$	1,705		$	2,279		$	3,734		$	2,544		$	3,262
Ratio of earnings to fixed charges and preferred stock dividends
Excluding interest on deposits		3.72	x		4.61	x		3.64	x		2.29	x		1.90	x		2.35	x
Including interest on deposits		3.03			3.20			2.52			1.69			1.37			1.50

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