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EXHIBIT 12.1
PNC BANK CORP. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS
TO COMBINED FIXED CHARGES
Year ended December 31
Dollars in thousands 1995 1994 1993 1992 1991
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EARNINGS
Income before taxes and cumulative effect of changes in
accounting principles $627,012 $1,209,916 $1,140,487 $787,994 $(38,578)
Fixed charges excluding interest on deposits 1,487,279 1,104,573 704,228 582,854 613,590
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Subtotal 2,114,291 2,314,489 1,844,715 1,370,848 575,012
Interest on deposits 1,551,816 1,159,242 1,005,658 1,546,576 2,739,565
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Total $3,666,107 $3,473,731 $2,850,373 $2,917,424 $3,314,577
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FIXED CHARGES
Interest on notes and debentures $620,415 $556,432 $316,031 $201,977 $137,323
Interest on borrowed funds 834,654 514,133 360,288 353,633 449,107
Amortization of notes and debentures 927 1,761 1,418 1,505 1,119
Interest component of rentals 31,283 32,247 26,491 25,739 26,041
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Subtotal 1,487,279 1,104,573 704,228 582,854 613,590
Interest on deposits 1,551,816 1,159,242 1,005,658 1,546,576 2,739,565
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Total $3,039,095 $2,263,815 $1,709,886 $2,129,430 $3,353,155
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RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits 1.42x 2.10x 2.62x 2.35x .94x
Including interest on deposits 1.21 1.53 1.67 1.37 .99
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