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                                                                   EXHIBIT 12.2

THE PNC FINANCIAL SERVICES GROUP, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings
to Fixed Charges and Preferred Stock Dividends




                                               Nine months ended                        Year ended December 31
                                                September 30        -------------------------------------------------------------
Dollars in millions                                     2003          2002          2001          2000          1999         1998
- ------------------------------------------------------------        ------        ------        ------        ------       ------
                                                                                                        
EARNINGS
Income from continuing operations before taxes        $1,120        $1,821        $  564        $1,848        $1,788       $1,651
Fixed charges and preferred stock dividends
    excluding interest on deposits                       285           434           783         1,063         1,010        1,188
                                                      ------        ------        ------        ------        ------       ------
       Subtotal                                        1,405         2,255         1,347         2,911         2,798        2,839
Interest on deposits                                     355           659         1,229         1,653         1,369        1,471
                                                      ------        ------        ------        ------        ------       ------
       Total                                          $1,760        $2,914        $2,576        $4,564        $4,167       $4,310
                                                      ======        ======        ======        ======        ======       ======

FIXED CHARGES
Interest on borrowed funds                            $  210        $  316        $  646        $  915        $  870       $1,065
Interest component of rentals                             45            58            53            50            44           33
Amortization of notes and debentures                       1             1             1             1             1            1
Distributions on mandatorily redeemable
    capital securities of subsidiary trusts               28            58            63            67            65           60
Preferred stock dividend requirements                      1             1            20            30            30           29
                                                      ------        ------        ------        ------        ------       ------
       Subtotal                                          285           434           783         1,063         1,010        1,188
Interest on deposits                                     355           659         1,229         1,653         1,369        1,471
                                                      ------        ------        ------        ------        ------       ------
       Total                                          $  640        $1,093        $2,012        $2,716        $2,379       $2,659
                                                      ======        ======        ======        ======        ======       ======

RATIO OF EARNINGS TO FIXED CHARGES
    AND PREFERRED STOCK DIVIDENDS
Excluding interest on deposits                          4.93 x        5.20 x        1.72 x        2.74 x        2.77 x      2.39 x
Including interest on deposits                          2.75          2.67          1.28          1.68          1.75        1.62
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