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EXHIBIT 12.2
PNC BANK CORP. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
Year ended December 31
Three months ended ------------------------------------------------------------------
Dollars in thousands March 31, 1995 1994 1993 1992 1991 1990
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EARNINGS
Income before taxes and cumulative
effect of changes in accounting principles.. $183,708 $ 902,389 $1,116,612 $ 778,122 $ 548,201 $ 29,425
Fixed charges and preferred stock dividends
excluding interest on deposits.............. 354,336 1,045,609 652,432 521,908 518,004 922,156
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Subtotal................................... 538,044 1,947,998 1,769,044 1,300,030 1,066,205 951,581
Interest on deposits......................... 292,334 935,876 742,772 1,063,422 1,727,765 1,973,087
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Total...................................... $830,378 $2,883,874 $2,511,816 $2,363,452 $2,793,970 $2,924,668
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FIXED CHARGES
Interest on notes and debentures............. $143,447 $ 515,732 $ 265,353 $ 145,125 $ 95,207 $ 84,045
Interest on borrowed funds................... 204,122 499,252 362,995 352,162 398,779 816,448
Amortization of notes and debentures......... 206 1,346 967 970 584 538
Interest component of rentals................ 5,986 26,865 20,583 19,167 18,800 17,667
Preferred stock dividend requirements........ 575 2,414 2,534 4,484 4,634 3,458
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Subtotal................................... 354,336 1,045,609 652,432 521,908 518,004 922,156
Interest on deposits......................... 292,334 935,876 742,772 1,063,422 1,727,765 1,973,087
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Total...................................... $646,670 $1,981,485 $1,395,204 $1,585,330 $2,245,769 $2,895,243
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RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED STOCK DIVIDENDS
Excluding interest on deposits.............. 1.52x 1.86x 2.71x 2.49x 2.06x 1.03x
Including interest on deposits.............. 1.28 1.46 1.80 1.49 1.24 1.01
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