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THE PNC FINANCIAL SERVICES GROUP, INC. EXHIBIT 12.2
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Three Year ended December 31
months ended ------------------------------------------------------------
Dollars in millions March 31, 2000 1999 1998 1997 1996 1995
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EARNINGS
Income before taxes and cumulative effect
of changes in accounting principles $471 $1,891 $1,710 $1,618 $1,527 $627
Fixed charges and preferred stock dividends
excluding interest on deposits 344 1,265 1,395 1,201 1,106 1,492
------- ------ ------ ------ ------ ------
Subtotal 815 3,156 3,105 2,819 2,633 2,119
Interest on deposits 369 1,369 1,471 1,457 1,428 1,552
------- ------ ------ ------ ------ ------
Total $1,184 $4,525 $4,576 $4,276 $4,061 $ 3,671
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FIXED CHARGES
Interest on borrowed funds $308 $1,119 $1,268 $1,098 $1,065 $1,454
Interest component of rentals 13 50 37 29 31 32
Amortization of notes and debentures 1 1 1 1 1
Distributions on Mandatorily Redeemable
Capital Securities of Subsidiary Trusts 16 65 60 43 1
Preferred stock dividend requirements 7 30 29 30 8 5
------- ------ ------ ------ ------ ------
Subtotal 344 1,265 1,395 1,201 1,106 1,492
Interest on deposits 369 1,369 1,471 1,457 1,428 1,552
------- ------ ------ ------ ------ ------
Total $713 $2,634 $2,866 $2,658 $2,534 $3,044
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RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
Excluding interest on deposits 2.37 x 2.49 x 2.23 x 2.35 x 2.38 x 1.42 x
Including interest on deposits 1.66 1.72 1.60 1.61 1.60 1.21
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