.
                                                                               .
                                                                               .

THE PNC FINANCIAL SERVICES GROUP, INC. AND SUBSIDIARIES             EXHIBIT 12.2
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS






                                              Three months ended                   Year ended December 31
                                                   March 31      ---------------------------------------------------------
Dollars in millions                                 2003            2002        2001         2000       1999       1998
- --------------------------------------------------------------   ----------  -----------  ----------  ---------  ---------
                                                                                               
EARNINGS
Income from continuing operations before taxes          $ 395      $ 1,821        $ 564     $ 1,848    $ 1,788    $ 1,651
Fixed charges and preferred stock dividends
    excluding interest on deposits                         93          434          783       1,063      1,010      1,188
                                                --------------   ----------  -----------  ----------  ---------  ---------
      Subtotal                                            488        2,255        1,347       2,911      2,798      2,839
Interest on deposits                                      132          659        1,229       1,653      1,369      1,471
                                                --------------   ----------  -----------  ----------  ---------  ---------
      Total                                             $ 620      $ 2,914      $ 2,576     $ 4,564    $ 4,167    $ 4,310
                                                ==============   ==========  ===========  ==========  =========  =========

FIXED CHARGES
Interest on borrowed funds                               $ 57        $ 316        $ 646       $ 915      $ 870    $ 1,065
Interest component of rentals                              22           58           53          50         44         33
Amortization of notes and debentures                                     1            1           1          1          1
Distributions on Mandatorily Redeemable
    Capital Securities of Subsidiary Trusts                14           58           63          67         65         60
Preferred stock dividend requirements                                    1           20          30         30         29
                                                --------------   ----------  -----------  ----------  ---------  ---------
      Subtotal                                             93          434          783       1,063      1,010      1,188
Interest on deposits                                      132          659        1,229       1,653      1,369      1,471
                                                --------------   ----------  -----------  ----------  ---------  ---------
      Total                                             $ 225      $ 1,093      $ 2,012     $ 2,716    $ 2,379    $ 2,659
                                                ==============   ==========  ===========  ==========  =========  =========

RATIO OF EARNINGS TO FIXED CHARGES
    AND PREFERRED STOCK DIVIDENDS
Excluding interest on deposits                           5.25 x       5.20 x       1.72 x      2.74 x     2.77 x     2.39 x
Including interest on deposits                           2.76         2.67         1.28        1.68       1.75       1.62
==========================================================================================================================