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                                    2002           2001          2000          1999         1998         1997
- ---------------------------------------------------------------- -------------  ------------- ----------- ------------ ------------
                                                                                                     

EARNINGS
Income from continuing operations before taxes          $ 1,398      $    564      $  1,848    $  1,788      $ 1,651      $ 1,595
Fixed charges and preferred stock dividends
    excluding interest on deposits                          337           783         1,063       1,010        1,188        1,110
                                                ---------------  ------------   -----------   ---------   ---------- ------------
       Subtotal                                           1,735         1,347         2,911       2,798        2,839        2,705
Interest on deposits                                        510         1,229         1,653       1,369        1,471        1,457
                                                ---------------  ------------   -----------   ---------   ---------- ------------
       Total                                            $ 2,245      $  2,576      $  4,564    $  4,167      $ 4,310      $ 4,162
                                                ===============  ============   ===========   =========   ==========  ===========

FIXED CHARGES
Interest on borrowed funds                              $   248      $    646      $    915    $    870      $ 1,065      $ 1,010
Interest component of rentals                                43            53            50          44           33           26
Amortization of notes and debentures                          1             1             1           1            1            1
Distributions on Mandatorily Redeemable
    Capital Securities of Subsidiary Trusts                  44            63            67          65           60           43
Preferred stock dividend requirements                         1            20            30          30           29           30
                                                ---------------  ------------   -----------   ---------   ---------- ------------
       Subtotal                                             337           783         1,063       1,010        1,188        1,110
Interest on deposits                                        510         1,229         1,653       1,369        1,471        1,457
                                                ---------------  ------------   -----------   ---------   ---------- ------------
       Total                                            $   847      $  2,012      $  2,716    $  2,379      $ 2,659      $ 2,567
                                                ===============  ============   ===========   =========   ==========  ===========

RATIO OF EARNINGS TO FIXED CHARGES
    AND PREFERRED STOCK DIVIDENDS
Excluding interest on deposits                             5.15 x        1.72 x        2.74 x      2.77 x       2.39 x       2.44 x
Including interest on deposits                             2.65          1.28          1.68        1.75         1.62         1.62

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