The PNC Financial Services Group, Inc. (PNC) 10-Q 2013 Q1 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)

	Three months ended March 31, 2013		Year Ended December 31
Dollars in millions			2012		2011		2010		2009		2008
Earnings
Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	1,119	$	3,189	$	3,785	$	3,680	$	3,135	$	946
Add:
Distributed income of equity investees		61		216		198		167		171		157
Fixed charges and preferred stock dividends excluding interest on deposits		270		1,125		1,037		1,316		1,993		1,059
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges		25		137		154		148		126		122
Interest capitalized								1		3
Preferred stock dividend requirements		103		272		86		224		597		33
Earnings excluding interest on deposits		1,322		4,121		4,780		4,790		4,573		2,007
Interest on deposits		93		386		668		963		1,741		1,485
Total earnings	$	1,415	$	4,507	$	5,448	$	5,753	$	6,314	$	3,492
Fixed charges and preferred stock dividends
Interest on borrowed funds	$	129	$	696	$	791	$	918	$	1,225	$	961
Interest component of rentals		38		145		125		134		131		64
Amortization of notes and debentures				12		35		39		37		1
Interest capitalized								1		3
Preferred stock dividend requirements		103		272		86		224		597		33
Fixed charges and preferred stock dividends excluding interest on deposits		270		1,125		1,037		1,316		1,993		1,059
Interest on deposits		93		386		668		963		1,741		1,485
Total fixed charges and preferred stock dividends	$	363	$	1,511	$	1,705	$	2,279	$	3,734	$	2,544
Ratio of earnings to fixed charges and preferred stock dividends
Excluding interest on deposits		4.90x		3.66x		4.61x		3.64x		2.29x		1.90x
Including interest on deposits		3.90		2.98		3.20		2.52		1.69		1.37

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