EXHIBIT 12.2

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges and Preferred Stock Dividends

	For Nine Months Ended September 30, 2004			Year Ended
Dollars in millions				2003			2002			2001			2000			1999
Earnings
Income from continuing operations before taxes	$	1,301		$	1,568		$	1,821		$	564		$	1,848		$	1,788
Fixed charges and preferred stock dividends excluding interest on deposits		256			347			433			782			1,062			1,009
Subtotal		1,557			1,915			2,254			1,346			2,910			2,797
Interest on deposits		332			457			659			1,229			1,653			1,369
Total	$	1,889		$	2,372		$	2,913		$	2,575		$	4,563		$	4,166
Fixed charges
Interest on borrowed funds	$	211		$	258		$	315		$	645		$	914		$	869
Interest component of rentals		44			59			58			53			50			44
Amortization of notes and debentures		0			1			1			1			1			1
Distributions on mandatorily redeemable capital securities of subsidiary trusts		0			28			58			63			67			65
Preferred stock dividend requirements		1			1			1			20			30			30
Subtotal		256			347			433			782			1,062			1,009
Interest on deposits		332			457			659			1,229			1,653			1,369
Total	$	588		$	804		$	1,092		$	2,011		$	2,715		$	2,378
Ratio of earnings to fixed charges and preferred stock dividends
Excluding interest on deposits		6.08	x		5.52	x		5.21	x		1.72	x		2.74	x		2.77	x
Including interest on deposits		3.21			2.95			2.67			1.28			1.68			1.75