The PNC Financial Services Group, Inc. (PNC) 10-Q 2013 Q3 Quarterly report

EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges (1)

				Year Ended December 31
Dollars in millions	Nine months ended September 30, 2013			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	$	3,525		$	3,189		$	3,785		$	3,680		$	3,135		$	946
Add:
Distributed income of equity investees		181			216			198			167			171			157
Fixed charges excluding interest on deposits		495			853			951			1,092			1,396			1,026
Less:
Noncontrolling interests in pretax income of subsidiaries that have not incurred fixed charges		86			137			154			148			126			122
Interest capitalized											1			3
Earnings excluding interest on deposits		4,115			4,121			4,780			4,790			4,573			2,007
Interest on deposits		263			386			668			963			1,741			1,485
Total earnings	$	4,378		$	4,507		$	5,448		$	5,753		$	6,314		$	3,492
Fixed charges
Interest on borrowed funds	$	384		$	696		$	791		$	918		$	1,225		$	961
Interest component of rentals		111			145			125			134			131			64
Amortization of notes and debentures					12			35			39			37			1
Interest capitalized											1			3
Fixed charges excluding interest on deposits		495			853			951			1,092			1,396			1,026
Interest on deposits		263			386			668			963			1,741			1,485
Total fixed charges	$	758		$	1,239		$	1,619		$	2,055		$	3,137		$	2,511	��
Ratio of earnings to fixed charges
Excluding interest on deposits		8.31	x		4.83	x		5.03	x		4.39	x		3.28	x		1.96	x
Including interest on deposits		5.78			3.64			3.37			2.80			2.01			1.39

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