EXHIBIT 12.1

The PNC Financial Services Group, Inc. and Subsidiaries

Computation of Ratio of Earnings

to Fixed Charges

Dollars in millions	Three Months Ended March 31, 2005				Year Ended
			2004		2003		2002		2001		2000
Earnings
Pre-tax income from continuing operations before adjustments for minority interest (1)	$	468	$	1,735	$	1,568	$	1,821	$	564	$	1,848
Fixed charges excluding interest on deposits		131		357		346		432		762		1,032
Subtotal		599		2,092		1,914		2,253		1,326		2,880
Interest on deposits		182		484		457		659		1,229		1,653
Total	$	781	$	2,576	$	2,371	$	2,912	$	2,555	$	4,533
Fixed charges
Interest on borrowed funds	$	116	$	298	$	258	$	315	$	645	$	914
Interest component of rentals		15		58		59		58		53		50
Amortization of notes and debentures		0		1		1		1		1		1
Distributions on mandatorily redeemable capital securities of subsidiary trusts		0		0		28		58		63		67
Subtotal		131		357		346		432		762		1,032
Interest on deposits		182		484		457		659		1,229		1,653
Total	$	313	$	841	$	803	$	1,091	$	1,991	$	2,685
Ratio of earnings to fixed charges
Excluding interest on deposits		4.57 x		5.86 x		5.53 x		5.22 x		1.74 x		2.79 x
Including interest on deposits		2.50		3.06		2.95		2.67		1.28		1.69

(1) As defined in Item 503(d) of Regulation S-K.